Yo-yo, yo, what up? What up? Wait, where's my music Sims? Oh, you guys can hear it? Oh, it's playing out OK. I'm not hearing my headphones. Huh. You guys hear it right? We hear it. It's playing in my it's playing outside of my computer, so you guys can't anyways. yo-yo, yo, what up? What up? Good morning. Good morning, GMGM. What day is it? Friday it's August already or is it August or is it August? I don't know which one it is. Is August for August? Marcus Marcus 2nd 2020 fourth
Look at that. Another beautiful day to have a beautiful day. I got my coast in the house. Tyler Mando, how you guys doing today? I'm doing great man. Vibin Stella London. Oh yeah. Stella London. Oh, yeah. Oh, yeah. Busy bee, huh? We're seeing there's a lot of stuff brewing over there, right? Red guy. There's a I'm seeing a lot of posts, you know, this morning, the first thing that he shows me that he gets he's following his clothes. He's like, yo, you see this rec
brands announcement? Like what? Shows us a tweet And I'm like, oh, shit. OK, OK, OK, drag points, more points. But those are great points. I love those points. Baby gave me all the points. Mando, Tyler, how you doing today? I'm good. Try not to look at the the stock board here this morning. Those aren't looking too great, but crypto so far holding up OK again stocks. So we'll see. Really quickly boys, it looks like we've got no sound on thingy. The boys aren't coming through,
it's just you paroch on space. On the space we're not going through, it was working 2 seconds ago. I've got the right no, I'm connected. Are you guys not hear me on space? We hear you, but I hear the the lads. You want me to fire it up? Yeah, I mean, I I have the right setup. Do you want to try? You want to try one second y'all? This is weird. Right now I'm I'm open. OK, you're OK. Perfect.
Do you guys, can I get some thumbs up if you guys can hear us please in the in the in the audience, maybe see if you hear Tyler and Mando as well. Check. Check. Touch Check. Check. It's good. Let's go. OK, let's go. Well, you know what? Let's run it back, baby. Well, anyways, yeah, So what we're talking about? Well, you know what? Let's just get into the market because I think that's what people want to hear about the most. Now, Amanda, what happened yesterday? Why did we go to 0?
Who is the man Macro daddy of the land? Can you dig it? Yeah, not a great day. It felt like yesterday we continued the the move lower. I think Solana hit a low of about 1:59, maybe 158 on that move lower. Bitcoin hit just below 62 K, it's just just about 62 K and and ETH was hanging out just above 33000. So big, big move lower.
I think it's been a continuation of what we've been saying for the last few days, higher chances of Kamala now winning to see the head in some of the prediction markets, which has got people just more uncertain, obviously how their policy is more unknown, but probably not as bullish as as Trump's for the
space. Then you had the Fed coming in and cutting rates and there's been kind of a, a mixed bag now because you had the you had some employment days that it came out today, which basically showed a slowdown in the employment, employment figures. So there's an indication they may have left it a little bit too late. But we've been saying for a while that, you know, Fed rates are very, very high compared to inflation, which is, which is
materially low. In fact, material like inflation is relatively close to the Fed's long time target. So the idea that's so high, you know, it leaves room potentially for, you know, hurting the economy quite a lot in if employment was to slow down, we've seen that slow down today and people are freaking out a little bit. So the NASDAQ is now is entering what you would call a correction. So it's looking like it's down 10% from its recent from its local high.
You'd call that correction. A lot of big tech is down a lot in that period as well. So it hasn't been hasn't been a good period for stocks as as Tyler says, but crypto felt like it was already get like getting a bit of a, a beating because of the Trump stuff. There was some, you know, geopolitical stuff, which weirdly we we should write yesterday has been affecting crypto more than other markets.
And yeah, I just just didn't really feel like a strong sentiment in terms of meme coins or any of the other things that have had strong narratives which have propelled people into crypto. So just had a weak few days. I think a lot of people are very aggressively positioned into the into the Trump speech on the weekend. You can see that from the positioning on the futures data. And I think you're seeing a bit of an unwind of that as well in
terms of positive positioning. I don't know, it feels as though macro is, is definitely having a bit of a wobble here. I, I do think that the higher chances of Kamala getting in is probably bearish for everything that isn't Bitcoin. And I think my guess now is we could see Bitcoin dominance go to 60% before the election. It's a 57 now. If you look, if you zoom out on that chart, I think it's just been up only for three years or so.
I, I just, I don't get, I don't think it's going to be that bearish in any scenario for Bitcoin. But I do think not having regulation around RW as and not being able to do like a Solana ETF for example, would would be pretty bearish for, well, not bearish, but definitely wouldn't be as positive for Ethan Soul. So that's why I think I'm not over overly bearish, but I do think that Bitcoin dominance is
heading higher. Yeah, I mean, you know, it's almost like we're still ranging the same area we keep talking about literally, right. We talked about yesterday, right? No, it was Wednesday. No, it wasn't Wednesday. And we're like, hey, we're probably going to going to go a little lower before going higher, but maybe sideways, you know? Anyway, so looks like Bitcoin's back up at 64 1/2. Did we touch? Yeah, we kind of went above the
65 five really today. Ethan's on change with like 3120. Like we haven't really. We've been looking at that for a minute and so long at 162. Listen yesterday when it all dumped all the songs like what the hell, what happened? And then I found out it's because of my people. So I'm really sorry. You know, the Iranian government needs to chill a little bit. I, I, I don't know what to do about it.
You know, these, these, these MF Rs just just start trying to, are trying to get in our way, you know, so I forgot which chat and who it was guys, what are we dumping? Someone's like your people was like shit, I forgot. What I think, I think, I think OB, I mean that was like OB OK, that's in the background. There's there's a lot of reports that there's going to be a strike, but I don't know.
But I don't think that that would be that horrific as in like for markets is what I'm talking about. We've we've kind of seen ongoing tension in that area for a while. For me, this feels more Mac like more about economics. People are scared that the Fed is lesser too late. They might have to foresee like a double cut or something like that. We spoke about that yesterday, Tyler.
I do think the chances of of two cuts, but potentially 1 cut being 50 bits rather than 25 bits has gone up quite a lot. The NASDAQ is down 3 1/2 percent today and it was down 2 1/2 percent yesterday. So it's, you know, this is this is and the, the Nikkei, the Japanese stocks were down 6% today. You don't normally see that. So you big, big global stock route just on the back of I think there's some trepidation, you know, when you start cutting rates, does it imply that the economy is weak?
There was this idea that we were getting like a soft landing, so it was going to be OK. But the moment that you start to see some indication that this could be a bit harder than a soft landing, we sought to freak out. Yeah, I guess this would throw me off a little bit.
So much about like all the the freak out here is like we've been we've been talking and this payment, these rate cuts for so long, which you know, we've been talking about being bullish and AL's come out and said like the primary data points that have to come into place are, you know, inflation and and unemployment and now it's happening and now like everyone put bear. So I guess I don't understand that conceptually. Like how do the concepts here change I guess?
Yeah. Normally in a rate cut environment, like generally in a rate cut environment, you do, the stock market does rally, but they're often tied to recessions. So you get this like dip and then suddenly you get this rebound on the back of rate cuts. This has been one of the few soft landings potentially ever after a hiking period. And the idea is that they've left these rates very, very
high. If you go to like true inflation, for example, which is another way to look at inflation, inflation below 2% in the US right now. It may not be for certain things like groceries, but it's definitely come down a lot. So I think people are worried that they've kind of, they've turned what was going to be magnificent soft landing and potentially into a hard landing. And that will freak people out. But I know what you'll mean. You mean it's kind of happened exactly how they said it would
happen? That is true. But I think people were saying that it would be a soft landing * clot. And now it looks like it's going to be. They could have over overshot and basically we could get in, go into a harder recession. Yeah, well, certainly. See, I, I feel like it doesn't. There's boots on the ground here in America, I guess. Does it feel like a super strong recession to me?
Like I remember back in 2008, most of my friends, like a lot of my friends were laid off and could not get jobs in 2008. And granted, my social circle's a little bit different now, like I'm 39, but I don't, I'm not seeing like that, that level of like true folks who are laying getting laid off and they can't get jobs. So it feels a little. Yeah, isn't the best way to see, isn't the best way to see if you're in a recession to go ask a strip club. Wasn't that the thing they've been?
Bad. Yeah, they've been bad for a while, I think. If someone want to go on the ground for us and let us know we're all cuffed. I, I'm, I'm newly engaged. I, I, I, you know, these guys are dads with kids. If someone, if someone wants to do us a favor in the audience and go ask a stripper for us if we're in a recession or not, because that's where they feel it the most, right? I. Mean in 2008, I think unemployment was, was like 7 or 8%. It was.
And at the moment it's 4.24.3. We're not we're not at that sort of level. But yeah, it it, it's more just we've, you know, stocks around the world, if at all time highs. It's not like we're sitting here and going like, Oh my God, it's down 6% and it's negative on the year. Like stocks have been ripping, absolutely ripping. So now the idea that they may may not have perform this perfect soft landing is is is freaking people out of it.
Yeah, that makes sense. Everything was to to maintain the positive momentum, like everything had to be perfect. And it's just, it's, it's looking like it's not perfect. Yeah. Yeah, that's exactly it, that I didn't realize that ozone Kamala on polymarkets getting so, so much higher. I knew I knew there was a holder difference, but like the that that has been this 44% now 44% they're putting. It's funny how there is more chances on the markets for Michelle Obama than RFKI.
Just saw that too. That was funny. Look at that. Seriously, look at this this, this is. Where the the line that Pauline Markert is a truth telling machine is a little bit Gray, it's much more likely that it's a few heavy betters who are who are just doubling down on Michelle Obama because I don't see how she's more likely than our I think the Obamas came out and endorsed Kamala. OK, Yeah.
You know, the, the best thing for us at this stage is we need the depth just GoPro crypto and we're saved. Please, I, I, I go to sleep every night and I pray that the Democrats say one bullish thing on crypto just so we don't have to make this a political thing anymore. It's just. Like there's some crypto client table happening on Monday. I think I I saw I I don't have the the link to Twitter. I saw there is some I think
Rokon was reporting on this. I'll I'll have to try to see if I can find this while while we're chatting, but they're starting to come to the table. I think everyone's very skeptical of it. And also it seems like the permissionless crew is really trying to get comma would come. So that'll be interesting as well. That would be good. It would be it would be really good for that to happen. I'm just going through. I'm trying to find it, but I don't I don't see it.
But anyways. So there you go. That's your markets today. We're still we're we're still good though. Don't worry, y'all. I mean, our memes are bleeding. The memes are definitely bleeding versus the majors, but I'm sure we'll get to that. Tyler, Tyler, let's see what you got for us. Today, all right, crypto majors relatively strong here today compared to stocks after a bad jobs report. Seoul is lagging, down about 3 1/2 percent.
Bitcoin at 64,700. Big Mike, Michael Saylor, he's looking to buy another 2 billion of Bitcoin for micro strategy. Certainly another loud headline, more of a quiet headline here. Block and Square the company, they bought another 173 Bitcoin this past quarter. So another major company putting Bitcoin on their balance sheet. We had Coinbase released their Q2 earnings included a beat in revenue at 1.4 billion, though a drop in income tied to a 27% fall quarter over quarter in
trading and transaction fees. So that was notable. Jupiter, they have officially launched this supply reduction proposal. It is now live proposing 30% token burn from their 10 billion total token supply to 7 billion, including 30% cut in the team tokens. In meme news Coinbase advance they're going to list PERT futures for MU and meme coins in meme lands. Meme token positive news there less positive. Scottie Pippen his latest meme coin launch ball.
It is holding it's holding around 3,000,000 bucks market cap. This is the dev the the dev sold 330,000 in one clip that perhaps inspired Beeples last every day titled Pump Dumpster fire. Kind of a a sign of the times with where we're at here In August 2024, a couple quick NFC
headlines doodles. They officially unveiled their collab with Arizona Iced Tea, sharing that special tea bottles will be available for purchase online and in select physical locations, New York, Southern California and Miami. Then rec drinks. Shout out to to our recs crew. They introduced the new Recs Rewards program, allowing users to earn those drank points for completing quests and for the city. Games. I love one man, she's so funny, dude, I always do that.
It's hilarious. OK, I was going to say let's start with Scottie Pippen, but let's just start with Rex, then we'll go to Scottie Pippen because the Scottie shit is hilarious. I mean, tell me more man, though, man, we, you're, you're chefing out there in London, are you? Yeah, we got a lot of stuff happening. I mean, OSF in the guy leading it alongside you got a couple of rec guys in the community about
help build it out as well. But yeah, you're going to be able to basically earn drinks doing various things, including buying drinks and who knows where that leads. But yeah, drank, drank points. Have you gone to the website? Of course you haven't. I have not. I'm not to do it for the first time. Yeah, I have, not you. Might be playing. I think Burn last time I checked was like it was quite far high up the leaderboard. I need to check he's he's on it
already. But you're not much of familiar faces are on the board. Let me take a shot. So first you take this is fun. Look at this Tyler terms of service. Of course yes I've totally read them wallet Madamask, but my red guys are in my vault. Does that change something? No OK, I'll do it after yeah, I'll do it after yeah maybe I'll just move move on out of of
there and check it out. This is fun, though OK so points so you guys are unveiling points for let me see you That's that was by the way, this content is insane. You guys are so good at this shit. I love it. You guys are crushing it with that the red guy coming coming to life it's really fun all right well, I guess something is brewing huh they're. Working hard, bloody hard on it. I wish OSF was on the show actually, he would have had to take you through.
But basically we should be having the drinks out soon, at least the first batch. But for now there's just a bunch of different quests you can do. Classic point system, really. So when you started this whole shit, like with DJs, did you think one day you'd start a fucking beverage company? Like I said, like did you like? Yeah, it is so. Absurd. Like in a good way. I think it's been like a passion project. OSF really wanted to create this drink, right, based on him
drinking less alcohol. And we always felt like Wrecked actually could be a really good brand from from the from the moment that it's created. So this is and now everyone owns it as well, like the whole, all the community own this as well. So I think it's just you got a really good shot of creating something pretty cool there. It's cool to watch passion projects. Yeah, this, this does feel like that. You know, it doesn't feel
forced. You know, you're clearly you're doing this and sharing so much of it back with holders. So it's hard not to root for this. I love that. I'm going to have to go farm this shit. This is cool. I I love this this is or rock radio. Look at that. If you don't want to find anything you'll be able to claim a bonus 1000 drank there you go there you go Make sure you claim y'all make sure you claim Hell yeah, that's awesome. Make sure you claim your wreck
points. Your drank drank points, right? Because drank you came up with that. I think that was a group effort if I'm honest. OSF is not a big like, I don't think he likes rap that music that much. So I don't think he was. I don't think he's like AT Pain Reference or anything like that. Let me buy you a drink. I don't have money in the bank anymore. I love it AT pain reference. Hell yeah. There you go. Someone said I call his Haram, but drank ain't there you go.
That's that's I love that Tyler. Talk to me about this, Scotty. I mean, I am like I am. I have to say, I'm sure because he used to listen to remember Mendel, like when he did the NFT thing. He used to like actually listen to FOMO hour where was for a moment, he was always in the audience. So him or his whoever is behind the account. And now he's back. I mean, run me through this is absurd.
Run me through this, Tyler. Yeah, I mean, so he popped up, well, maybe a couple weeks back and was like, you know, starting to do like the classic celebrity thing. Of course, this is the Skype having Twitter account. We don't know if it's him or his manager or whatever, you know, jumping in Twitter Spaces saying like, oh, Solana or Ethereum, stuff like this. And then they start this tagline, Be like Satoshi. I go, OK, yeah.
So you're you're really taking this seriously with be like Satoshi. So what? Maybe not like Satoshi is to, you know, full stack Hitler, the the the coin, you know, from the dev wallet just a handful of hours after launch. So I I just sent you a tweet from from Waz. He had the the chart. It's pretty pretty epic. I think with then with it, it's ball. It's on 8th, though. Yes, the token is on ticker ball it I mean it's still holding at 2.7 million with half a million in liquidity.
So like it's I don't know exactly where where folks got in that it did spike to about 10 million before the devs sold it sold 330,000 worth in one clip but that didn't send it to. Zero is there CTL? When people came back. And so, yeah, I'm not in the trenches on this one. Like clearly people are still buying it. Perhaps it's because the liquidity is good. I go to like that five minute or something. Yeah, there you see it there. So I mean it ran. It's. Straight up.
Darth Vader, look at this red candle. I feel like we're just not taking any of this stuff seriously anymore, which which is probably a good thing, you know, for the space. Like we, we moved on from the celeb meta pretty damn fast and, and rightfully so. And like these are these are the outcomes. So. So how much is Scottie Pippen worth? I would guess less than we all think if he's doing stuff like this. Let me see if I can pull up. I don't.
I don't know offhand. It says 20 men online, but you know, I never know about online. He's been doing a lot of. Random. Cryptic stuff, right? Like didn't he do an NFT back in the day he's been around? He used to listen to the show and tag us to get to stuff like that. He's like all like the typical playbook, like follows me comes on the show like he's in the audience, tweets at us. That's interesting. So that's two and a half million dollars though. So it's not a zero. It's actually.
Actively dumping right now. Oh shit that's hilarious. Oh my God that is so Oh my Oh yeah is it is it is dumping right now. It it is definitely dumping. It just lost another $300,000 market cap in like 5 seconds. So it is definitely lower now. I don't know. I find this fat. I mean did you guys see the video he posted? I think it's so weird. Oh, I actually didn't see. That this one. What did he do? Decentralization. Real world. Sports.
So this is, this is like the quality of his advisors, right? Security decentralization. That's an old time video. This is insane. I mean, look at, look at. He's like, yeah, B, like Satoshi. Like what? What is what is going on here? Like what? What? What is going on here like? It's tough, man. We we love it, but it's like a little harder. I mean, I think we can all probably get past this stuff, but like, damn. I mean, it kind of sucks to watch in real time. Tyler, how do you feel about
this? This is like your this guy's like your goat. How do you feel about this as a shit? I love it. To be honest, in in some like my initial reaction is like doesn't tarnish his legacy a little bit, But I mean, when you zoom out further, probably not, but it's not it doesn't make me like it more. I'll I'll say that. But you know what it is? We see it, but I don't think normies see it. Like they don't do that stuff on our GS and stuff. That's why.
They still do it right? It's like this is going to blow over in two days and then he'll be able to do it again next year if he wants. Like he wants another 300,000 so and no one else cares so he'll be fine. Question like what's 300K like like I'm not you know I'm not oh $8 million is nothing LMAO but 3K after taxes is fucking nothing. Like you can't buy anything anymore like especially with without those rake cuts. Yeah like what? Like all this for 300 grand like
this is weird. No you guys don't find this all weird. Like, don't you look at this from like, what the fuck? I don't know how broke he is. He's been married a few times, right? So I don't know. I think people like making money. They like making easy money, and he's probably making a lot less than he was. So yeah, I don't know the legal risks or stuff like this. I'm guessing he's like hands off enough that he doesn't face that
type of thing. But. Dude, yes, almost in I, I, I I my boss doesn't get out of bed for 300K. Well, I'll get out of bed for 300 grand, but I'm saying I'm trying to like tarnish my legacy for 300 grand. You know what I mean? Like or like do like a a so it's like ball. So they're tokenizing the game five ball too. Like it's like a whole like it's the actual real thing. I don't know. Decentralization.
OK, yeah, I didn't realize that. Oh, we got to go through these tweets, City. Decentralization. Community decentralization, Real world sports art. You like skeleton? Love it, love it. Decentralization. Oh my God this is so funny dude holy shit this is so good. Oh my God this is wild. I mean who convinces these people to do this? Is Sahel behind this? Baby. I mean if Sahel is behind this, he's truly the GOAT like there's no questions like he he is the best of done these scams then
what this one? I have the game five ball from our first championship win against the late in 1991 right here. 33 years later, I'm making history. Again. By this historic ball on the blockchain. So let's make history together as you can officially be a part of the missionary moment. Hey everyone. I'm trying to research most collectibles here. OK, so the 1998 Michael Jordan Finals jersey was worth sold for $10 million. Yeah, I remember that. Like so like that's an iconic
like that's top of the line. So I'm trying to figure out like, you know, what could be a fair market value for this basketball. So I guess that's that's probably keeping it up. I don't know, like I'm just trying to come up with any reason why this thing is not like at 0 but. But there's no proof of ownership. Like you own the coin, you don't own the thing. Like even if it was an NFT, it's like like fractionalized. Decentralization. You know what I mean? Good call.
I mean, haven't we seen that with like some of the, the doge, some of the there's the team that like fractionalizes the, the memes and and whatnot and yeah, inner drops of tokens there's. Some stock token. Yeah. Oh my God. Mock it's. Going to 0 mock. It's going to 0 right now guys. What's going on? What I meant that's 64. Get that out there. What? Yes, just looking at cross walking, everything is just tanking man. Yeah. Is it over I?
Don't know if it's over but it's definitely looking so good. All right, well, moment on Tyler. What else? What else you got for us here? A reminder everybody to retweet spaces because we got the rule bit loot box pins again today and we're actually going to pick two people from the crowd directly that way. That way we get 222 listeners here. The question stuff is complicated. We'll do it, bring it back next week, but we'll pick someone. What else you got for us today, Tyler?
Yeah, maybe a couple things. So quickly on the Coinbase Q2 earnings, if folks care about that, I think a lot of people do. Total revenue again 1.4 million, it's down 1% quarter over quarter. Transaction revenue 780 million, that's down 27% quarter over quarter. That's tied to the trading on their platform. Their subscription and services were up 17% noticeably. Like I, I didn't see a whole lot of chatter about base itself. Perhaps I just missed that.
A few other takeaways from like the Q&A call, they said that they were talking about L twos and the fact that no one wants to bridge. That was a direct quote, I believe from Brian Armstrong. Some more of a direct path to base via their smart wall is what they're looking for. They're excited for Robin Hood's growth as it grows the overall pie. They know that 56% of Fortune 500 companies have on chain projects.
So they're here, right? It's, it's not like we're in like the early Genesis stages, like over half these companies are, are building. And then they said over the next three to five years focused on scalability, regulatory clarity and utility. So no, like massive takeaways. I think it's somewhat notable that that trading was down fairly substantially quarter over quarter. It could be just partially like a summertime thing. I would expect it to be probably fairly lower as well in Q3.
Then Q4 will be the the one to watch. Stock opened up 2%, but I'm imagining it's probably down with the rest of the market here today. Yeah. It's, it's, it's, I'm actually surprised of how much, how red it is, because those are some pretty good statistics, right? Yeah, it's, it's tricky, Yeah. I'm looking, I mean, the everything's down right, Absolutely everything's getting hammered right now. So it is what is hang tight, yo, hang tight, hang tight. Super cycle. Super cycle.
We're still holding the party. Lines we're. Holding the party line on that one and lighter news, we we saw the doodles. Now there's not a whole lot to chat about. They're they're 12 packs of tea. They look pretty cool. It's a big brand activation. And then you can also for those who are really big collectors, they've got the custom wearables for those doodles too. So you can actually buy the Arizona themed like digital clothes for your avatars. So there was that.
You know, I thought what what we could chat about is for a minute or two here for oak. We haven't is is fancy top. Have you been? Have you been checking in? I'm not going to lie, I, I, I completely dropped off. I, I haven't played since like that one tournament we did on on
the show. Oh. OK, I so I thought you were still, I figured maybe you were out this week, but the, the rewards came in like so like they're, they're actually OK. So like I, they, they gave a retroactive reward today for everyone who played in tournaments. So I ended up the month of about 3500 gold just from fancy top, a lot of fancy points and then probably got about half an ETH in prizes. And I've got a good cards, but not like great cards.
So my point is that there is for those who are ready to just grind, I think there is somewhat of an opportunity here. What where there's like not a whole lot else going on, especially in the blast ecosystem. They also implemented the voting so you can get voted out now. And interestingly, the market is voting Greg, the number one performing card out right now. The team might have to stop step in to to stop that from happening. Vote out. What do you mean vote out?
You can vote out like 5 heroes per period and they're going to their cards are all replaced with other heroes of that rank. So the yeah, the concept was to get rid of like the lower performers who are just kind of raking fees to their cards get turned over a decent amount, but they're not even tweeting adding like 0 value. And then to open the door up for
other heroes. And folks are apparently going after Greg, the high performing card, likely just to to screw over people who have this card, which would be a big problem if that happened. But I think they're they're not going to let that happen. But interesting. It's worth checking in on. You know, if you've got nothing else to do, you've got the cards right? Like I'm probably spending. 30 minutes a week right now only. To 30 minutes a week. Yeah, probably I'm you're right.
I, I, I think you're right. It's a great, it's a fun game. And then the other chatter, Clemente wild wild card, wild card that he is, it basically started rumors that PAC Moon is going to that they should bridge off a blast, which caused a bit of a spike in the PAC Moon chart. I think it's been a race since then. I think Cyrus ran with it as well. But it does kind of raise questions of like, what is that? And that was a pretty popular token at one point.
I mean, it went to 60 million market cap, I think over over 100 million FTV. It's now down, you know, 8090% from from local highs. A lot of the the chatter momentum is gone. They still have a decent team on it. So I'm curious if you know if we'll learn what their next move is sometime soon. They complete their air drops. So if you talked about pack moon, go check your wallet on blast. You may have some tokens. Interesting.
What? Is there anything much going on in that ecosystem right now besides the fantasy top stuff? Not that I'm aware of. And the I'm. I'm not much, huh? The blast turn does not look great. Why is why? Why are my drank points not on blast? What the fuck OSF what? How come? Yeah, we should have. You know, I'm surprised you guys don't have some crazy, you know, thing going on blast here.
Ovi was like the blast bull. Yeah, I don't know what he's done with his like I actually genuinely don't know what what he's done with his blast now. Like I know he bought some. Remember he was on the live on the show and he bought some right. And then he got the air drop. I don't I I don't know. I know he was getting more bearish to like today. So maybe he's like. The Ovi, it's going it always. Yeah, he's. He's going to sell all this crypto if Kamala gets elected.
Yeah, brother, I, I, I wouldn't be surprised if you already, I, I wouldn't be surprised if you already sold all this crypto. I'm kidding. But he's he's, yeah, always going through this phase where like he over trades and then he gets to go out and he's like super bearish. But it's OK. We'll, we'll, we'll get bullish again. Happens to the best of us. Yeah, He's the reason why bitcoins going. Yeah, he's that that red candle Bitcoin.
That's OSF because he made like 1/4 billion dollars this cycle, right. So like that, that's one Wick. So the German government was actually like, he has more Bitcoin than German government had. So so it's it was I love starring rumours, but Obi just I always do different amounts every time. Yeah, he bought the alien. Oh my God, let's check on FTS real quick. Tyler, how are NFTS doing?
Not great. Like I feel like it's basically like a chop week, like actually a little bit worse than that. So majors are down about 10% in a week where ETH is also down. So there's just not, there's just not many catalysts are really or, or headlines or action coming. I think the most interesting of the week was what the meme land team dropped. They, they basically dropped a new utility coin for their, their NFTS, the captains, the potatoes. It's called N meme.
By sticking your NFTS, you accumulate this N meme, which you can swap from their meme token. So it's effectively additional yield. The market liked it at at first that they, they spiked about 6 to 10%. But they've since given those gains back and, and the rest of the board. I think there, there's been a lot of chatter on like will Mlady's flip board apes this year 'cause there's the Poly market line on that. Rates are 9.6 right now.
Mlady's are 4.9. I mean, I think like, I'm not interested in betting that 'cause I feel like that's something that could, if a Mlady whale really wants to win the bet, like maybe they've got enough to make that happen, but I'm on the no side there. Yeah, I actually haven't checked the punk board. So the pumps are at 77 K. 20 point K Oh my God what the fuck? We're going to 0? Ethan's about to break under 3000, right? Now that's a decent floor as well. Right. Yeah, yeah, this.
Is not a floor pump usually in these? Yeah. And the clown. Does. Yeah, I need to replace the punks that I have in the loot box because I I the ones I have in there are higher than this. Holy shit. Well, I I won't do it now. I guess if you're winning Gigi's if you sell this one, because the ones I have in the blue box a little more expensive, but but that's wow. OK, well, look, you know, but this is this is a bear trap, y'all, don't worry about it. This is a bear trap.
Tyler, you're like Spanish drink. I'm almost in a strip drink. Yeah, yeah, don't. Don't worry y'all. Don't worry y'all, they won't trap me. They won't trap me. We got this right like like like Tyler Tyler's Jingle goes. You know we're getting some bash some bears as the show goes all right, we're going to get to the to the loot box pics now, y'all, but a little. Are we making a call Monday? Like are we going to be higher lower like what do?
What do we feel here? We making a little call ahead of the weekend? Are we going to see weekend pump or we're going to see dynamic volumes? And it feels like. Because I could be. Yeah. Yeah, it could be a shaky, shaky weekend in my place. I don't like the sound of that. I I, I don't like the sound of that man. There you go. See, our listeners are saying higher, higher, higher and hopefully higher. There you go. Our listeners all said higher.
All the listeners are saying higher and, and, and Mando and Tyler are saying Laura. So I'm, I'm scared here. I'm Yeah. It's because of Tyler. We're we're. Imagine we get another round of missiles on the Saturday, and you know who? Who knows? Yeah, it's. Going to be a volatile weekend. Let's just. We can probably limit it. Yeah, yeah, probably probably touch some grass this weekend, right? Probably, probably good to to, to, to touch some grass.
Someone say I'm going with Kapo. I have no idea what Kapo say right now, but he's been pretty bad this cycle. Oh, Kaleo tweeted out A12K price target for Bitcoin and people, a lot of people believed him. So that's also a sign of where we're at on the timelines incident. All right, well, Godspeed.