Yo. What up, what up? Good morning, good morning GMG. What day is it? Wednesday, July 10th, 2020. Look at that. Another beautiful day to have a beautiful day before I go to Tyler Mando. OK, listen, you have to download a fucking app too. App too. Oh, wait, Oh, wait, Oh, wait. It unmuted Mando. Mando unmuted your phone. OK. Yeah, hold on. OK, we're good. No, we're good. Fixed. Anyways, I'm going to start again.
You have to download an app too. Now you understand why I don't claim my shit, Mando. I just went through the process. I know, I know, I've heard. Look, he made it the most difficult possible out of them all recently. I I watched the fucking video 5 minutes long can't click anything I had to mute the site. I tweeted I just did it and now I have to download the app like. Brooke, you can't launch a full stack chain without a mobile app. How's it going to get people into the app?
Fuck am I supposed to do right now? Finish claiming your shit? Install the app man. How does this work? You have to add it to home screen, right? Yeah. OK, OK, I got it now. Now what? Like, dude, like, just give me my money. You have to enter coats, OK, on the AirDrop site. OK, I dude, this is this is wild. You see, you see, This is why we can't have nice things. Man, though you you call me out from reclaiming my shit.
The two other air drops make me air claim my shit from my vault, and this one makes me go through like a million loops. Whose fault is it? Is it really my fault? Your hourly rate's still pretty good on this claim, so I'm I'm not feeling too bad for you. Do I have to enable notifications to really get my blast money now or do I can I just like just. OK, let's see. Oh, it looks like I'm good. There you go. It looks like I'm getting my AirDrop lads.
OK, we're good. Anyways, it's a beautiful day to have a beautiful day. I got my Co host Tyler Mando. Good morning. How are you guys doing today? Great man, how are you? Sorry I missed yesterday. You're fine. Yeah. Your Wi-Fi. There was a Wi-Fi. I mean, I understand. That it turns out that my wife hadn't paid the Wi-Fi bill. That's what I found out today. Like I'm calling up the Wi-Fi people being like, hey, I've got like one megabit and then we're driving in the car today.
She goes, I keep on getting these messages from Vodafone being like, you need to pay your bill. And I'm like well that's why we didn't have Internet yesterday and then so we paid it and now I have into that again we're like what the hell is going wrong? I have like 1 megabit. They gave me like the most budget form what until I paid because she just hadn't paid the bill. Oh my God, look at that. Listen, Mendel doesn't pay his bills. It may actually be a bear
market. It may actually really be a bear market. Mendel doesn't pays. Mendel doesn't pay his, his, his Wi-Fi bills. You know, this happened to me a couple months back. Both my phones I get out of my house, I can't get Internet. I'm like what the fuck? 3G doesn't work, that 5G doesn't work. I'm like I'm getting hacked again. Fine. Turns out I didn't pay my bills for my phone for three months.
So I get a message because when I got SIM swapped, I made a dummy e-mail real quick to move all my my my carrier thing to another e-mail quickly. It was the first thing I did. I forgot and I forgot that I changed the emails like some absurd shit that has nothing to do with me or my life. Like the weirdestgmail.com I could make or come up with with the craziest password and I found out three months and I had
to pay my phone bills. So I'm here to call my mom like because my mom handles that right. She just pays all the local bills in Montreal because I was like, I forget and she and she's like, you haven't paid your fucking bill in three months. They have the recovery agency calling every day asking because I thought it was a spam since that the recovery agency is the one spamming me every day at the same time during the show to get me to pay 800 Canadian. So same, same. Yeah, same thing.
Dude. Holy shit. Remember, this is your dim rider then, ladies and gents, to pay your bills, Pay your bills. Tyler, do you pay your bills and how you're doing this morning? I do. It gets tricky when you change the credit card numbers. That's where you lose track of things. Worst. A bit of a mixed morning in the Tyler D household. So it rained quite a bit in Chicago last night and our part of our roof and ceiling of the master bedroom collapsed here this morning about an hour
before the show. So luckily it didn't happen while we were. Luckily it happened after we were awake and out of bed. So we we're dealing with some water issues, so I'm gonna have to get that fixed here after the show. That's the worst. That's the absolute worst. These water issues, by the way, I scratched the scratcher and I won something. Hopefully it's not a private drug. I won points. Nice. Yeah, I did. I got points, dude. Points I got points from different the apps, the apps
anyways, I got points for days. Let me just quickly like oh, you have to tweet to unlock the next scratcher. Now this is crazy. This is insane. I I'm done I'm fucking done with this shit. Bring back the air drops. Bring back bring back the air drops. Bring back 2021 waking up in the morning, check your wallets, remember SOS, remember ENS, remember fucking like all that shit.
Bring back air drops where you know you wake up like remember that Zook, like all these all of big air drops anyway, say on the show, say today market report as usual. Seems like we're looking better than yesterday, that's for sure. And we're looking better and better. I'm assuming some tweets are going to start getting deleted in the next couple of weeks. Feels good. Mando, I know you had some takes on the market this morning. I like it comparing it to mid 2021.
So definitely want to tap into that and see where we're at. Also curious when the next numbers come in, like all these CPS, CPS, whatever. It's been a, it's been like a whole week and a half. So I've talked about that. And then Tyler's top 100. Let me tell you something, Tyler definitely has 100 today. OK, I saw the list and it's
long, but that's super bullish. I mean, as we speak, I'm getting a push notification from Walter Bloomberg saying Goldman Sachs to launch three tokenization projects by end of year. So listen, listen, Linda, listen, there's a lot of stuff going on in the space and and seems like the bulls are are going to come back in control sooner rather than later. You absolutely love to see it And that's about it. So what do we get straight into it, Mando with this market report? Yeah, GM everyone.
So we did have a pretty strong close yesterday, Bitcoin went up towards 60 K, Solano was up towards 145 and even ether's rallying. But it, it looks like we've slightly come off a bit today. This morning we've we've seen the German government move to sell more than now down to less than a billion. So they've got around 700 million more to sell, which is I think we're, we're most of the way through this now, which I think is pretty good.
So people are getting slightly bullish on the back of that. So Bitcoin, because it's hanging out like it doesn't look, I think we, we thought we'd have momentum maybe up towards past 60K60K is kind of an important level for short liquidations. So that was kind of defended it looks like. But now we're, yeah, hanging out just below that level. Seems like we've been been here for the last week or so, haven't really, haven't really gone that much lower.
Interestingly, continue to see altcoins I think outperform meme coins as the as the risk in the risk buckets here. So some big moves in, in various different altcoins. Things like we mentioned on the show even last week, things like say Sui were some of the biggest winners and meme coins, the top meme coins have not really been the biggest performers. It's more been the mid tier ones which have which have been doing better than any of the any of the top tier ones.
That's been a medium term trend line that's been going on for the last few weeks actually that all coins seemingly are doing slightly better than meme coins here in terms of risk, risk buckets. Solana, I said, I would say is probably had the most positive news again out of the majors. You had fire dancer and beat its first block on or accepted its first block on the test net, which would indicate that it's
going to be relatively soon. I think most people are now pointing to either, well, I think break point would be the obvious point, which is later this year to get for that to be released. So yeah, people getting very, very bullish on the back of that. And, and so dex volume again flipped heath over the last seven days. So Solana continued to look incredibly strong in terms of adoption, at least in the
majors. And Bitcoin is really, you've had some very big ETF inflows to help deal with the, the, the, the German supply. So we had 650 million roughly of inflows over the last three days, which has been very, very big. We haven't really seen inflows like that for a long time, particularly inflows into BlackRock, which we're again bullish on. So I don't know for me, I like the market still here.
Like it feels like if we've gone to the the second-half of or at least the final clips of this German supply, we could probably rally at the back of that. Salon still looks the strongest to me in terms of the three tokens. It's more difficult if you're trying to play more 10X or 5X style plays. So I think the meme coin, at least the top meme coins have not been performing as well as some of the medium just to, to lower cap ones. And that's always more risky. But yeah, that's that's
absolutely where we are. Yeah, no, 100% sorry. By the way, for the people on spaces, for some reason I was booted from space so I had to reconnect. So let me just yeah, just from the space. I know people came on YouTube though, so we're fine. I could see it go up but at least people were not refiners now. But let me repost this. Fuck it. I was wondering why we only have 100 people. It's because I was in the blast app. It's my fault. It's actually my fault. I quit the app and I went on
blast app. It's my fault. I apologize. I I see I I don't claim my shit, but when I claim it, it's obviously during the show, right? Obviously it's on me. I'm sorry about that question of why I'm on that. Where the fuck is my blast? I did the tweet, I did the claim. I scratched my ticket. What, what? Where? Where did I get my money? It's in your wallet. Where should this be in your wallet then?
You have to import the tokens. Just import the blast contracts and then you should see it. Damn it, I can't find it anyways. I'll I'll I'll, I'll I'll deal with it later, but I'll I'll repost the the Twitter space right now. No, it works. The spaces work right Check yeah, it works. Spaces works. Spaces works anyways, so so mando, I mean, the fire dancer news was pretty big right? Because I know people have been wondering for a while, you know,
when it's going to happen. So what does that mean in terms of like when it actually goes could go live? Do we have like a somewhat of a timeline? We don't. They've still been pretty. They've been pretty, yeah, yeah, they're secretive about when exactly that is going to be. There was some talk about it, It could be in the summer and then maybe early next year. But now with this seemingly going quicker than expected, I, I think we could see it in the second-half of this year, which
would be very bullish I think. OK, OK. And and the other thing was only in macro, like macro ten straight days of stocks seeing all time highs, everything's everything's going high there in stocks. That's insane. What's the what's the the chart you want me to pull up on that I got to show it? I mean, I would look at Tesla, which has been probably the real comeback story of all the all the stocks.
And I think there's some crossover there between people who invest in crypto, but that is that is quite a comeback since. We'll call it a comeback. But that's the case for every single, every single major tech stock looks like that. It's just up only at the moment. Fed Powell spoke yesterday, the Fed chair, Joan Powell spoke yesterday, speaking in today. We have some important inflation data tomorrow and the day afterwards that's CPI and then
PPI. But we should probably just see a softening in in inflation and and more of a stance towards two rate cuts this year, I imagine. Yeah. I mean, Tyler, do you have any views on this? Like what? What? What we're looking at here. I, I, I think Tesla has a few narratives driving it. So one, you could, it's the Elon bet. Two, it's just a bet on Tesla, the company. And now there's also like they're, they're an AI company as well.
And I think a lot of folks are trying to figure out where to make the AI bets in stocks right now. And NVIDIA has soared so, so much. Folks are looking for more like AI beta plays. And it feels like it's the it's the magnificent 7 who who are largely going to be the AI players as well as a huge land war happening right now to to fill up capabilities for power to launch this next generation. It feels like Tesla's was undervalued perhaps compared to the rest.
At least that's how I was looking at it. It doesn't feel like this is going to slow down to me. Last week, didn't I see people bear tweet NVIDIA here on this red candle only for it to almost go back to all time high like weren't people calling for the crypto market to even go lower based on the video finally like breaking down? I'm pretty sure I saw that on the timeline, by the way. Yeah, they. They've been there posting it for a while just because it's gone up.
I think this is the the it's the bare chorus, just because the numbers have gone up so much that it has to go down. Like that's a wild. Chart. And the S and Pi mean Mando. Do you wish you were selling trash fight right now or what? Like, I mean, holy shit, I. Mean Solana is was trading at 20 this time last year yeah so. No, that's a good way to put it. Oh, I think we're in the in the right asset class still. Yeah, it's kind of looks like
SNP looks like this, right? SNP looks like Solana when it ran from 20 to like, you know, this part here. Oh, interesting. Chart on this actually. So from the COVID bottom till the 2021 peak, then it dips and like we we just passed that from like the 2023 bottom to 2024. So I could it's like up, down and then now even. More is is somebody hearing things about ETH? ETH is is looking nice. ETH is looking nice here. Everyone's getting robbed at ATC.
Everyone. 'S no, no, OK, So what was that? Because like, obviously like you're stepping on lime mines on CT, right? You have to like, you have to discern like what's fake? Like the shit posts from the real shit? But like, I love it's your post. I love the ones where we had the the smashed the smashed glass. They're like, oh, someone left some polka dot tokens in my in my car. Someone left some left L2 tokens
in my car. So we were we were talking about this yesterday, Mando and talking about how again, it was Ovie that kind of like started the the debate talking about how America's worse or not better than Europe. And and then everybody's starting back going back and forth about go I go if he's just. Babies just had a baby and decided to just spend all the time starting fights on on CP. What's going on? Oh my God. Pull me up for another fight in a minute. I'm like, what?
Why? Why am I involved in any of this? I mean. I mean, what? So which? Which which country is more dangerous? I want to ask you that because I asked Tyler yesterday. Europe or America? Oh easily America dude, it's not even close. I was all seeing these robbery stories at the American conferences in the last few years just. Yeah, I think, I think you get you get a lot of I would say mid tier to petty crime in Europe like you go to Barcelona, you might get pickpocketed pretty
easily. Whereas I would say high levels of crime, serious crime, and I would say that the the drugs epidemic in in the US just means that a lot of these like, I don't know what it is, but whenever I go to any US city, they just have to get such mixed responses because people just don't love them. Like Miami, some people hate it, Austin, some people hate it any, any city on the West Coast.
Some people hate it. New York, people hate it like it's, and it's mainly because the centre of them have all become kind of dodgy. And I don't know, you have to have your whenever I, whenever I've been to U.S. cities, you have to have your wits about you wherever you go. Like even when we were in Austin, I remember, Farouk, do you remember like where we were staying, which is meant to be like the Texas cities? I think get away with this a bit
more. Like people still like a lot of the Texan cities versus a lot of the others. But where Chicago is, for example, Yeah, like, again, it's another place where people get super scared about going right. Yeah, Tyler can't walk around his house. Tyler. Tyler strapped when he walks out the side of his home. I mean, the Chicago thing is so silly. I got to defend the city, my hometown. Really.
Like it's like the the crime, like the bad parts of Chicago are so far away from where you would go that like it's just it's nonsense. Like I think stats was in his replies this morning comparing it's like, are you going to the slums of Rio? Like when you're visiting Rio de Janeiro? Like like that's basically like the the analogy here. Like I've lived downtown Chicago for 15 years and had zero incidents. So it's. Should we compare crime statistics in Chicago versus Brussels?
Yeah. That's right. Chicago probably has, I'm sure it's way worse than violent crime in Chicago. I'm I'm just saying it, it's separated. And I guess what's so interesting to me about like this Brussels thing is like is the conference being held in like bad parts of Brussels? No, no, I'll be central Brussels for certain. Crime rate difference between Brussels and Chicago. I mean, there was a hundred, a hundred shootings in Chicago over July 4th weekend. So like, like I'm going to get
in front. Of this, there you go. We have direct comparisons here, direct statistics. Show me, you know. What though this is closer than I thought it would be. This is very close. This when men lie, women lie, numbers don't lie. So you have the actual data here. So level of crime, actually, Chicago's way higher on that. But crime increasing the past three years. Brussels and Chicago are pretty much even, yeah. Brussels definitely do Lisbon. I want to see Lisbon.
Worries of your home being broken into a thing stolen is even between the two of them. It's wild worries about being mugged or robbed, even very even worries about your car stolen. It's quite dude, it's, it's not much better in in Brussels than in Chicago. So maybe both countries are just as bad. So what should I put? Like I said, I think this is that looks like a lot of low mid level crime, right? Not like it. Is great. This website is great. Look at that. Look at that.
Real Lisbon is safe, bro. Lisbon is safe AF bro. I, I got to say, wow, look. At that. Wow, look at the safety comparison. Very high safety walking along during you guys don't. Give me shit for walking around in Lisbon like oh watch out, look watch it. So fucking safe. Safety walking along during night time is super low in Chicago where it's high in. Yeah. I mean you can't compare Lisbon to to Chicago. Dude. What? Lisbon's like really safe. What?
About Montreal, let's do Lisbon versus Montreal. Let's do that. Probably quite, I would say even about across the board. Yeah, we look, you look similar, don't we? Yeah, same, honestly, both same. And it's, yeah, actually even on the on both walking along day and night. Interesting. Montreal's a safe city. Like Montreal, like, like the, the, like, even when you walk around in the park, like for like homeless people, they don't even look at you straight up.
They don't give a shit. Like we're, we're one. We're one. When I think about Canada, I don't think about like, danger, I guess not the first. Thing Vancouver is not great Vancouver. Is bad man. Vancouver is pretty bad bro. Yeah, Vancouver is yeah Vancouver is pretty trash right now. Let's put it. Let's put Vancouver a crime difference between Vancouver and Chicago, right? Like let's that's a better comparison cause yeah. You go to.
I think it was a central bit. Oh never mind, Vancouver compared to Vancouver is like they don't put it that high actually. Interesting, interesting, interesting. When I went, when I went down, because I did a trip down the West Coast a few years ago and Vancouver felt like the most dangerous and Seattle in the central bits obviously like just unpredictable and whole areas were just were just, yeah, you just couldn't go there really. I'm curious about Paris and Brussels.
Then I'm then. Sorry lads, we're going to be done with this comparison. OK? Wow. Yeah, Paris is considered. If anything, worse, yeah. Wow. Yeah, they're pretty even. Yeah. But they're. Yeah, Yeah. Anyways, stay safe out there in Brussels, especially in the region of Molenbique. You know, as a matter of fact, like, true story, Molenbek is, remember the, the, the the terrorist attacks on in France and Paris, on the cafes a few
years ago? They planted everything from Molenbique in Belgium. Yeah, that's where they were based. And then they took trains and they came over, which is pretty bad anyways. So, so, so that's not a fun fact anyways. Why don't we change this up around whatever the market, what's going on? Actually, Speaking of ECC, any big news come? I saw Metamask had some news come out of ECC to go towards, towards smart wallets. I said that was a, a step forward for Metamask.
So we saw those things come out right. They're basically making it so we don't have to sign everything. You know how like it, This is one of the main things about Solana versus E. Like you get out your, your wallet to do an E transaction. Sometimes it's like 4 different things you have to like sign or confirm before it happens. So they they basically they're trying to make that a smoother process.
Yeah, they said they were thrilled to announce the gated alpha release of Metamask delegation toolkit or smart contract account offering, blah blah. So they have all this. I mean, is there anything else we saw come out of ECC yet? It was like big. Metallic metallic running, running around in the rain. Retalic. See something that's so good Be. Careful out there ECC. Someone broke into a car and left you more of EVML twos. So stupid. I want to Google, I want to search.
Please be careful ECC and look at the memes everyone. Please be careful ECC. Someone just broke into my car and left not right guy's haircut. Please be careful. You see someone book a card, OK, The card are jokes, right? Yeah, yeah, We we get him. This is the tweet that went viral right of the guy. You got a 1.6 million views, dude. Damn it's you're up has fallen. You know you're up has fallen. That's. The latest for the friend. Oh. God that is so funny. Please be careful. Too soon.
Tyler, that one. Is it too soon? I think. I think. We've all we've all accepted the friend are at this point. That is too funny. Please be careful that AC someone broke into my car and left more points in seasons out. Please be careful you see someone going into my car took my mug bobo Pepe Nike and left there useless. Four O fours and blast gold. Oh my God, there's a lot of good stuff. Anyways, where we where we segue
on that into Tyler? We've got like top 12 here today, so let's dive right in. Top story Bitcoin ETF inflows have surged as the German government continues selling. They are they moved 10,000 Bitcoin here this morning, bringing their reserves down to 13.3000. They are about 75% of the way through their Bitcoin now have about $790 million left circle. They're bringing their euro stable coin, the EURC to base after seeing the USDC coin on base reach a $3 billion market cap.
So they're seeing some success over there. Crypto's total monthly active users hit 100 million in June. That was an interesting stat. I saw up 2X from previous cycle highs. I think daily actives hit a 10/10 million in that time frame as well. Some ACC news I believe. Story protocol. They introduced their new ecosystem and vision to token the multi trillion dollar IP asset class into programmable IP Legos with an AI component as well.
Notable because they raised $54 million from A16Z last year to build out that L1. So they've got some firepower. Telegrams ton blockchain will be connected to Ethereum thanks to a new L2 being built in a collab between Polygon and the open platform. In celebs and memes, the celeb things is not slowing down. South Ronaldino joined Messi as the latest soccer to promote the water token on Solana at least. We. Don't hear the pump token.
Yeah. Yeah, yeah, it's down to like 60 million or so. And then Little Pump is shorting Solana publicly with Jason Derülo in his comments saying to flip along. So Jason is defending Solana for us in NFTS. Mochaverse announced their Mocha token AirDrop is actually a claim will happen tomorrow, July 11th with a choice to claim now or claim extra via a staking option. We saw NFT leaders broadly pump about 5 to 15% of cross chains led by Pudgy Uzuki and Node
monkeys. Grant Yoon, one of my favorite personal artists. He announced a new digital plus physical edition of 150. It's called an old soul with iconic moments and the Museum of Art enlightenment. Date is July 18th, so next week. Price is $425. Then we got 2. Pieces so little pump the guy who put a salon a forehead tattoo is shorting. Yeah. I was going to go back to that because we're going to cover that. I forgot the tattoo connection, Oh my God.
I I think why was why is he shorting Solana? Because on some is probably because he could. He's got. Solana on his forehead. He probably consulted with him, you know, he probably consulted that. Can't be true, he said. He was shorting it. Oh, he literally posted a screenshot. He's got 25X short on Solana. Turn it at 1:45. Solana short lads, on the count
of three. Everyone sell your soul and and then you have Jason Derülo. Sorry, Jason Derülo going better change that to a long pool has just begun at this stage, had Jason not answered, I'd be like, OK, up only, but Jason answered. He kind of fucked it up. So it's I'm very I'm very conflicted here, boys. He shorted, he shorted Solana with the whole, with the whole $10,000 or something like that, 4000 collateral. Sorry, he shorted sold with
$4200 is collateral. So he went 25 X. Yeah, he he he shorted sold with the whole $4000. Guys, this is what you're trying to get against. It's making money. Is this exchange our new like Pepsi Facebook interaction from 20/21? This is brutal. How much he's got. Solano on his forehead. I'm still so confused. I I don't know dude. I mean low pump, love pump Solana. I mean, this guy, I haven't. Heard of wear a lot of headbands? There it is. There it is. Oh God. Yeah, dude.
Like he, he was the, he was the guy like with the fucking, you know, this is was this was the pico top, by the way, like the last pico top where then we nuked like over the like last month. That was right before that. What do you make of this? I mean, what, what, what's what? What the fuck? In hindsight, it's obvious. I don't know what to say. The thing is like, you could say this is a top signal, but it can be because Jason's you're saying
long, he's saying short. So like, where do we stand? Flat chop. Yeah. I think it's all just nonsense. We probably shouldn't take our trading tips from from rappers. And then Lil Pump goes. I'll go long on Jason if you go long on Lil Pump. There it is this this keeps getting better. This is this is great. Oh my God, this is. AI mean, I guess maybe we could like is it a good trade though? Like I mean, so I mean he is in the money.
I guess the question is what, where, where do we think Solan's going to go in the Super short term? Still a lot of bears on the timeline and if if Germany sells this 10,000 Bitcoin today like you have to think it drops. A little bit, we'll stack that Bitcoin. And they basically did that yesterday, right? They sold like 900 million in a in a clip or something. To Germany, Bitcoin, What are we at right now? Like what? What? What's left? 13. 1000 billion dollars.
Oh, went back up. It's a billion, right? That's from this. Morning. Less than a billion. They've moved. They've got 700 million, I think left. Is it? Oh yeah. Oh, look. Oh, wow. OK, an hour ago 800, so there may be a 700 now explain the latest, literally explain the latest red candle. Like literally this is this is literally Germany. Wow. Right right there. This is what you're worried about, not you guys talking about timeline. Do you see this?
This is what you're worried about on a on a on the chart when we like zoom out like this this what oh, sorry, I'm not starting to chart. I'm saying this is what they're worried about This is what people worried about This is what turns everyone bearish right there and when you zoom out, that's what happens. I mean, Tyler, another thing that you you mentioned that I kind of want to go back to oh, you have to arc him. Hold on, let me pull it up 758. Oh, there you go. It's not bad.
Yeah, they're really working through this. And I think Mando mentioned it. I think you have to think, and once this is below like 500 million, like, I mean, it's already kind of turning. We're kind of turning over like we're getting past it, like a few more days of pain perhaps and we might literally be past this and not talking about it and the ETFs are just gobbling it up. I. Mean look at that, yesterday was 216 mil, July 8th was 294 mil, July 5th was 143 mil.
Like ETFs are gobbling up the fucking Bitcoin at this price. I mean, it's wild, right? I saw this tweet. I shared it, but it was from originally I took it from Nate Rossi. How boomers, you know how people are like, oh boomers, I'm not going to hold their Bitcoin whatever. Turns out they've been buying more at the 55K mark and up here there's a Bloomberg. There was this Bloomberg title that went Bitcoin. Did buyers pour $438 million into the USDTS in two days?
Largest cryptocurrency rebounds from five week decline slide D accelerated last week after Mount G ox began a distribution. I mean, I, I, I don't see any, any reason to be bearish here. I don't know what you guys think, but it's a it's really tough to see the other way here. Looks good. I, I feel like I'm doing some on the ETTFS and I'm kind of talking myself into the bigger inflows perhaps we expected.
And I just keep coming back to like, I feel like investment advisors just preach diversity so much, just land the table, just vacation. So as soon as you have a second option on the table, like there, there's going to be money that that flows to it. And yeah, I'm talking myself into it, but I also bought some ink memes this beta place so. That yeah, I mean you have Vanek like tweeting 1111111111. So the ETF Shirley's come in like, I mean, we're just wait,
it's it's imminent, right? So could we. Say next week most. Probably. Oh, you're saying next week now? OK, it's a, it's, it's a few business days. So that makes sense. We're Wednesday already. So it didn't happen today it's either Thursday, Friday, Monday, Tuesday, Wednesday, something like that, right. So hopefully by by next Friday, we're going to be getting that, which is probably why ETH is trading. ETH is trading like it's getting an ETF guys. They're treating well.
It's treating pretty well, right? 3100 down, up 3100 from the 2800 lows. It's not that bad, dude. Like yesterday we talked about how pardon, go ahead. The like ETH, ETH Bitcoin ratio balanced I think off the local support it's looking OK. Yeah, it's actually treating not bad, like can you have the top meme coins that usually I mean, Pepe is having like this like it was right you were saying that ended up getting out of their Pepe man though 7 million. Position a bunch of different
people have got. I think some whales have gone out. Yeah, because that that's kind of been stagnant under under 4 billion, but you had MOG have quite a big bounce right under 500 million back above 620, six, $100 million. So that's really been the one the most resilient, resilient coin, you know, meme coins. I mean, you had pop cat and Billy's having a dip right now. We had pop cat really have a huge fucking bounce to 500 something. So so that was pretty good.
I mean, Billy Tyler, how do you feel about Billy here? I I'm not gonna lie, I'm kind of ready to take the pill here. I mean, we've got Razzmar on the street doing the Lord's work on the sidewalk and ask him which dog is cuter and the majority are picking the Billy dog. Yeah, we should. Do beta. We should do one day, we should have a segment where Razzmar comes on and asks this or that on the show. Wouldn't that be hilarious? What do you guys think? Maybe he's a fed.
You see this thing, all this stuff. OK. Can we talk about that? Can we just take a break because I want to talk about the toenail 2 Tyler that thought that was a good topic and I want to talk about NFTS. Not that there's a blast at the 14 day. The money seems to be hitting
today from EB7 suite. But let's take a break here and let's talk about the Fed. So yesterday yet Kobe make a make a pretty bold claim to which I replied and he went back and forth that CT folks don't realize half the loud new accounts here are false, false flag, government up aggressors creating animosity in intentionally directing people into harm's path as method to meet greater policy goals.
My question to the both of you and whoever wants to go first is who do you think the feds are around it? I mean, he seems to be referring to answer me. I would have assumed like that's the one thing I thought he was he was he was shooting at. I don't know, but have I you know, I have no idea, but I assumed that's what he was directing in there. Who did you think after you read this? That's what I thought I was like. Oh, he he thinks. What I my first response wouldn't be answered.
What do you think, Tyler? The first person that bobbed in my head was Kook but. First, people that like. Absolute mayhem on the timeline. Like seems to like I've been too far out. There, I mean he's the he is describing someone that's less like on some and more like Cook. I'm not saying it's Cook. I'm saying like he's he's also describing more of a bend on Eve, like someone not fair to
commit crime on the timeline. Like, you know, everyone's like, oh, you're going to go to prison and surely you go to prison like that type of meme. And then think about who else has done that. I don't want. To get you can see from the see from the comments, I wasn't the first person to think it was he was talking about Anson there. Yeah, I saw that. No, I I agree, like you're not the first person because he is the the main character of the cycle like like that, that raised really quick.
But I, I would think like Someone Like, You know, he's thinking someone like Bend on East that could raise $20 million and not go to prison, even get like persecuted right away or even get a fucking Wells notice from the SEC. But he can like just come back and commit more crime like. Yeah, look if you wanted to look bad, if you wanted to intentionally cause harm, you could pretty easily.
Or like if you did like a pre sale and took money and you were a CIA op like you could make crypto look bad pretty quickly. Hey dude, like what if like it was one of these guys like Bend on Ethan people doing pre sales back in the day. Then the the the CIA goes, I'm like, yo, we're either going to put you in prison or you make a deal with us. These guys will sleep on a dime. Motherfuckers don't even know if they're bullish or bearish on the day.
What do you think your favorite influencers like once like they're like the SEC knocks at their door and says, yo, you got to turn. What do you think, Tyler? Like FTX like is like was it government that they were in? Like they basically like screwed crypto on purpose. Is FTXA false flag operation on crypto? That's a good question. What do we think? No. What do you mean though? Sam Bangman Free was close to all of them. He was the war having meetings with the fucking, you know.
Yeah, bygones. Maybe. Maybe. And was it Tabisco who got off Scott free? I think they're the one. Tabasco got off. Yeah, Tabasco got off like that. We ain't never heard of him again. I'm I am 100% sure that if the FBISEC gets involved and you are under investigation like they, they probably offer you a deal to throw as many people under the bus as possible, right? That's what Allison did like Caroline. Caroline. Caroline I'm not saying
Mashinsky and Quor CIA assets. Obviously people are going to commit crimes by themselves. I'm saying the feds actually like the criminals because it makes Peter to look back crypto look bad, which is a policy goal. That's what Kobe's saying. A lot of alleged pro crypto accounts have become promoters and supporters of the bad actors, antagonists of of good actors and their entire content strategies causing general and that's just a tough word. Antipathy. Fuck you.
Antipathy via intentional hostility which dissuades reasonable people from participating in the community and learning more. That's true, man. I mean, the Bengalis and the polys of this world, they make perfect fats. They make perfect fats. They make the, you know, when someone comes and raises $30 million and disappears, perfect person to come to and be like, yo, we're one person in prison. We could be a fed. Yeah, you know who else do we think let's just throw?
Let's just throw darts in. You want to be connected though you don't have connected people who do that. Who else do we think? What do you guys think? Let's throw darts on the board. Like who do you think around us could be? Offended. Who? We Who? We call them feds, Yeah. We call them. I had a hot take Must stop Murad. He's got 100,000 followers. He launched SFTX, the the copy trading platform. Must stop Murad. I don't know. This is all this is.
Fine, Oh shit, all the time. He's got a. Copy trading platform, it's called literally SFTX. So they just added a letter in front of it and then, oh, I always transpose it. Is it STFX? Yeah. OK, So they they changed a couple letters and then it's copy trading. So like it's a way to find out, you know, which traders have the bigger influence. I don't know. This guy's super bullish memes right now.
He's like the new Andrew Kang. You know he's bought this .5% of the supply of a lot of meme coins. What do we think? You know this, Trader Mando? No, I didn't know. He's he flipped like super bullish memes. And so he's been like having this like thesis that like Giga and like Popcat and Retardio, like he's one of the main guys like, you know, pushing like Sprottos and all that stuff right now. And he's like really like Max bidding them across.
Actually, I had someone asked that we should get him on the show. So I was going to DM him to get him on the show. But if Tyler is saying he's a fed, then I mean genuinely I was having this conversation yesterday with someone saying, Oh, I, I was going to DM him today to, to get him to come on the show. But he's like basically like turbo turbo turbo bull posting meme coins. And this is tongue in cheek, but
I mean, racer, why not racer? He he's, he's, he doesn't have to take all of our chat data with the biggest CT influencers. Oh, now you're calling racer fed? OK, so Tyler's got racing and must up Maraud Mando's got on some as a fed. I've got Ben dot, Ethan that that kind of crew from the presale days of the of the the during the bear market presale, not the second like after Boma, like the bear market presales. You know what I mean? What what else? Who who else are we throwing
there? Like do we think? Do we think like I don't know who else could be a fed here? You think threat guy's a fed? Yeah. Threat. Guy Simmons said Wiz. Simmons said Wiz in the chat. I think Wiz POC yo POC is a crazy one bro POC is a crazy one. Do we think POC is a fed? Maybe Captain Levi? Captain Levi, that there's a dude, this is, this is wild. I mean, listen, there's, there's some serious allegations, accusations being thrown around today. You know one thing's for sure though.
In case of an investigation by any federal entity or similar, I do not have any involvement with this group or with the people in it. I do not know how I'm here, probably added by a third party. I do not support any members by any actions of this group. Ovie left the show and hired a kid right in time, you know, sold the top, cashed out of his of a lot of his memes at the Pico top. How do you know? I'm just putting it out there. Maybe it's him, maybe it's him. What did OSF know?
You know what? Did he know? What did he say? We're talking about three letter acronyms, right? NFTSECFEDOSF you know, I don't know. I don't know also, yeah. Do feds hang out in the Hamptons? I mean, you know, whizz owns a club there. So we gotta we should be careful man though of our of our entourage here. You know, we we need to we need to be careful with the company that we keep. Anyways, Tyler Ton L2 talk to me about that. Like that was that was Sandeep is involved right polygons
involved in that. Yes, this TON applications chain is what's called TAC for short. It's going to connect 8th to TON thanks to Polygon CDK and this AG layer interoperability. So it's built on top of TON. It's billed as an official layer 2 coming in partnership with the Open platform. And this comes as TON interest is just exploding lately. I was checking some of the numbers.
They've got 3.7 million active monthly users according to Token Terminal. Delphi Digital reported they have 900 million total users on on TON. They've got this hamster combat game has like 250 million users. And it's somewhat news like the, the numbers are just wild coming out of tons. So I think any connection they have to Ethereum is going to be one that is going to be pretty
closely watched. And I think there's a lot of folks out there thinking like is, is ton one of the, the, the traits of this cycle here just just based on bullishness and and Telegram overall and where things are moving. I mean, it didn't really retrace much from its highs, right? It's been holding pretty strong above $7.00. What do we think here? It's expensive already, right? I mean, it's already like the number 8 biggest coin, but I
don't know. This is one that it it it tilts me because I wouldn't be surprised if it like 5 XS from here and I also wouldn't be surprised if it draws down 80%. I have a question like what does that mean for Matic? What are you laughing? I, I, I don't know if you seen that the, the the Polygon Co founder, basically he's just started another start up, right? Yeah, humanity protocol. No. Oh, another one. How many start-ups does this get involved in?
Sandy, he raised $85 million last week from Peter Thiel, right? Wow. Wait for what? It was for an AI thing, yeah, yeah. Let's. Just bring it up, Peter Field. Yeah, Sentient, there you go. I just Googled it. Hey, well, actually it's on the crypt here some deep now. While Co founder of Polygon, a core contributor to Sentient said the centralized AI developments is dangerous. Sentient raised $85 million, called by Peter Thiel's Founders Fund to accelerate open air
development. He's just going doing his own thing. I'm so confused, like we should get Sandeepa on the show. Sandeepa's matic. He's got humanity protocol, he's got sentient, he's got this fucking he's doing all this stuff. I is Polygon. Is Sandeep the real Fed? Yeah, maybe Fan Sandeep's the Fed, yo, maybe metallic yo chill, just. Chill right now, just chill. OK. Well, I didn't know that. That's probably why MATIC is just not trading well at all
this cycle. I mean, it's hard to see that and want to just pile into Matic. Yeah, I mean, good for him. I mean as an entrepreneur though, he is fucking cooking. You got you. Don't hate the player, dude. Don't hate the player. Like this MFR is cooking right now. This guy's going to be a billionaire. Like at this stage, this guy Santi is going to be a multi billionaire with everything he's got.
Then like Humane Protocol launched at Building All Evaluation. He's like one of the main guys behind it and now you have sent him which raised 85 mil. So I'm assuming 85 mil. They also raised like on store valuation and Polygonmatic has the L2 that they did that they did now with TON, which is actually pretty big news. OK, so that's that some some good stuff. And then the quick thing Tyler, before we take off is NFT.
So I saw EB 7's tweet saying calling that, you know, once the 14 day thing happened with blast people bridge back. There's going to be a bounce on NFTS. So far, he seems right. I mean, what? What's going on that front? Yeah. It's hard for me to know like how true that is that money on the bridge is actually coming to buy NFTS or or just like that. The thought that they that it is, is enough to start moving
the needle on some of these. But yeah, like the board's green and last week was a very red week and it's starting to flip green on the seven day as well. So certainly some nice action Azuki leading the charge. I saw like Dee Farmer was was talking about buying. He was looking at looking at how to go long Azuki perps. Yeah. But if you look at these volumes, man, like they're down so, so much that single actors or a few can move these markets now. And and that's what we didn't
have in the blur era. Because whenever someone like EB7 or or Dee Farmer comes in to buy ten of these things, you had a farmer just dumped 10, you know, right back on for the most part, and now that's not happening. So we we see a little bit more, it's a little bit easier to get some green on the board with just a handful of of buyers, which is nice to see. Doodles. Doodles still feel like such a sleeper at under two ETH.
They're unfortunately coming. Right, so they I actually have to agree on the NFT side just like I I still can't find myself to trade NFTS over coins yet. It's tough. It's personal though. It really is. I've been thinking about this myself, like 'cause I, I, I made a couple EP meme plays yesterday. Like I mean, MOG moved 30% yesterday. Like that's more than any of the NFT leaders. It's tough, right? When you look at coins versus that, like it's tough to think about it that way.
You know, when we did have that in NFTS though, that was like single buyers would move a market was 2021. So you could think that this is actually good. Remember when in Openc you couldn't even fucking sweep function? Remember when we had to buy one by one and make sure we're not talking? Remember those things? That was fun right Mando? Like on your computer just like freaking out trying to buy the cool cat for 50,000 fucking dollars and you were getting
front run. You were pissed about not being able to pay 50K for it. He, he just didn't feel like real money at that time. Like everyone was making so much money during that period. Like didn't feel like real money. Didn't feel at all. I mean that didn't feel like what do you, what do you think happened to NFTS or Mando? Do you have a thought on NFTS? Do you have a stance, strong stance on that? I, I thought, I thought they would rally a little bit when
the blur incentives came off. I still think that. I think they're they're in much better shape than they were. It looks like they are right, like I didn't think that they are more interesting now than before, right, like it makes it makes I don't know, it makes sense and it definitely when you
look at the board here. I I don't see why pudgy the cycle can't can't, like, you know, go much higher with everything abstracts got going on in Eagle ink and also I don't see how Uzuki with anime chain coming can go higher. I don't see how doodles can go higher from here at 182. I think you're right, Tyler on that. I don't see how also redactive Emilios and miladis can't grind another leg up higher. I genuinely don't. I'm looking here at this volume. So they're so crazy.
Yeah, like board apes have done under 1000 each last seven days. Yeah. Like the volumes here are really small now compared to pre. Premium. I mean, that's not a bad thing. It's just it's just crazy to see how much volumes are down. I think they were volumes were down like 45% last month after. And does to me bags is building the biggest MMA brand right now, UFC media company right now, right? It's at 1 eighth, like you know
what I mean? Like it was on ESPN yesterday, like it was funny is also the narratives that pumped the market change, right? Last market hearing things about Disney. Remember, cool man's thing goes to like tennis, right? But now it's like the actual like ESPN, let's say bags is collaborating this and die. Let's say like pudgy Walmart, blah, blah. Like the Walmart Pudgy in 2021 would have had Jesus Christ, I
think bug my camera. The news of Walmart would have pumped Pudgy to 108th last cycle straight up. Like that's what happens with apes, right? I don't know Ty. What do you think here? That's gone and I think what else is still missing like FOMO is still missing, right? Like you, you look at this board and like even Uzuki's up 9%, but that's not like making me like upset inside that I missed the Suzuki 9% move and it's hard to kind of it's still kind of hard to see what's going to really
bring that back. We had some like Pudgy had some FOMO induced with the abstract announcement, but even that's kind of worn off a little bit. So like we're, yeah, I see we've seen a factor to come back. I think it is the move. On the flip side, the number of people who held to that entire downturn is still some of these collections had like 50 to 60% of holders who just never sold their. Entities through. All this, it's like those people aren't going to sell now either, right?
So like you've got less overhang, like there still aren't a whole lot of buyers. But if buyers do come like that, that's when we we could see the these run up. The question is like why, why and when? Like my question is like, I genuinely believe that the next mania phase doesn't come to 100K Bitcoin. Like like mentally speaking, like when you see 100K bitcoins, when I think mania like 2021 mania, like $4 billion on in the month on NFT and open C, that's that type of mania I'm talking
about, right? Doesn't come till then. I don't see why there couldn't be another like manic stupid, ridiculous run on the NFTS again with like also million creations like like NFTS were being created by the dozen back then, like by the hour, just like meme coins, right, like pump fun. But for NFTS like so many collections. I don't see why this couldn't come back.
I just don't see it still. I still think there's still a long time to go. I mean, if Mando's comparing the market now to like mid 2021, you know, I think there's still like a big leg up right, per per per what you're kind of talking about. I don't see why NF TS going to have a ridiculous run then, But we're still in it for for quite a little bit still, you know, like this makes sense to me.
Like when you say we're going to run the playbook back, like I, I totally agree with you, but I don't think like we get that manic until like much high, right. Yeah, I think we need everyone to start making a lot of money again. Yeah, that's it. I mean, it's like you, you, you dish out like what Mando was saying, like, oh, we were like throwing ETH at NFTS. Like it was like ETH was nothing. That takes making a lot of ETH to throw it like it's nothing,
right? So, so I think that's what it's going to take, right. So we're in it for a little bit anyways. Did I miss anything, Tyler, any? I don't think so, right. We talked to NFTS, Telegram, L2, little pump. I mean, we didn't talk really about water Token and Messi. Messi, who beat Canada last night, 20, he actually scored. He actually scored. So he scored the second goal and rumor has it then he shot at Water Token. And Ronaldinho. So like two of the best players ever.
The thing is, we know Ronaldinho is like a crypto shell and he doesn't give a fuck, right? Because he's actually been like not arrested, actually need to prison for for something not for crypto. But he did. He went to prison for having a fake passport. Yeah, so he went to prison already. So we know this guy, like, is willing to commit crime. But Messi, what's going on there? It's why I mean, I have to imagine he just, he just did it
for the money. And I think it's, it's more interesting that it just hasn't really moved the the token like it, it had the brief pump to 100 million. Now it's just leveling at 60 million. And I feel like it's a sign that the market is like this sled meta, like folks are maturing a little bit. Folks aren't just chasing after all this. Yeah. I agree.
So so maybe we're you know, perhaps nearing some of the the end of the impacts, but little pump still little pump and Jason Derülo are arguing on the timeline about long or shorting salon. So it's. Pretty crazy, though, that pretty crazy to what you say that like the the the this the water token didn't even catch a bid barely on the messy like this was the this was the pump on the messy tweet. And if you zoom out, I mean, this is what you're looking at right there.
It's wild, right? It's right here. Yeah, just stay like that. I mean it also came out like this crazy and they did a pre sale for this. I forget the numbers. $40 million Who's 41? $40 million. I don't know. I I actually have have absolutely no idea, but anyways, so that's what happened. But anyways, so so at least you know, he's in the finals in the of the Copa America and, and
that's about that. And he's probably going to win it after winning the last World Cup and hopefully he he comes back and rectifies that. But anyways, Mando, good luck today. Big game. I would say I would cheer for you guys, but I just can't find myself to do that. Oh really? Even after Spain beat you. Dude like honestly Spain played better than France for sure but it was frustrating how much time they spent on the floor crying like the the the Spanish diving
team yesterday came out to play. They probably didn't get the memo that the Olympics in Paris start next month. The bit of this. The bit of this. It was just they're better team all around. They cooked us. Laminia model is incredible. I, I, we were all clap. Actually, when that kids scored, every French fan was just like fucking clapping at it. Yeah, that was. A good goal. Gorgeous. But, but you know what? But you know what? OK, I guess I have to cheer for England. That was just tough.
It's just the fans. We're going. To be insufferable if we win, but I don't think we are going to win I. Was just saying is it's going to be insufferable set of fan base if you guys win, but I do I do I could I could see you guys go to the finals. So good luck today, but I I have both teams to score so that's that's going to be my bet that way. How have your? Bets been doing. OK, much better than knockout stage than in the in the group stage. Just put it that way.
Knockout stage has been much better. Group stage not great. Knockout stage good because I've been betting on the teams and the goals and it's been better. But but it's been tough. Anyways, yeah, I look at it. Let me bring in a home coming home. Netherlands win. I mean, everybody's like very, very broken up. So we'll see tomorrow with that, with that, with that. We will literally see that tomorrow morning, 10:00 AM Eastern Standard Time for another episode of Formal Hour on radio.
Let's go.