Yo, what up? What up? Good morning, good morning GMG. Monday. No what the fuck I like to work with Monday. Tuesday, same thing. Honestly, same thing. Just as busy. August 12, 2024 444 Look at that another beautiful day. To have a beautiful day I got to cook my cocks in the house. Tyler, Amanda, how you guys doing today? Great man, how are you? I'm good, I'm good, I'm chilling. I slept, I slept good. I slept a lot.
Tyler, how you doing? I was on with Tyler till like 11:00 PM. Like good. A little tired this morning. We were up late listening to Elon and Trump ramble on for three hours last night. It. Really rambled. Huh. Like that was a yap fest, right? It was a yap fest. They ran around the horn, they went. Then they went around the horn again. They it was like.
Twice. You know, it was like when Iranian people you want to say bye to your family and you're you're leaving a dinner at the house and you say bye every step of the way. We have a conversation every step on the way out. So like when they said they were done, it went for another like 35 minutes. We do the same thing. It's like, oh, yeah, thank you for having us. And they go to the front entrance while you put your shoes on in 25 minutes.
Then you open the door, you go outside, you know, and then you, you, you, you have another half an hour outside. But yeah, that was that was a lot of rambling. It was some, some parts were entertaining, some parts were, you know, dragging. But but we, we, we listen, he said. The word tampon and you know. What? How did he say that? Like, I just woke up to that, That being the one that hit.
I was like, what? So first of all, he said none of the words like the first hour and a half and we're like 2 1/2 like, what, two hours in the stage? Tyler, Yeah. We're the waltz guy, right? Like he did that in Minnesota, Yeah. But The thing is like so that we were expecting him to hit weird tampon censorship, like when he was going to ramble to attack the left, like Bang Bang, bang, Bang Bang. And all of a sudden he did like he went on a fucking thing.
Like over to this guy Tim Waltz. You know, he puts him 10 lbs in this bro. It hit and everybody went crazy. It was. Even crazier than that. I mean, he only talked about Tim Waltz for like 15 seconds in a three hour conversation. And in that 15 seconds, he he, he pulled out tampon. We got lucky there, Mando. Like, it was like the 15 seconds he talked about Tim Waltz because he didn't give him any time of day. By the way, they didn't really even talk much about Kamala.
It was really about nuclear energy and Iran and North Korea. They went around the horn on like, I'd say like 6-6 or seven key issues. We could maybe get into it in a little bit. Yeah. Tell us more about Biden than Kamala. Yeah. I mean, tampon was down to 3%, I think. Live, it's like it. Before this speech, it was like 4 to one. It was down to like 30 to one. That's how unlikely it was. Oh my God. He didn't even say Tesla, for
example. Like he was like, dude, he was beating around the Bush. Like you're like, how could you speak? Three hours with him and not, say, Tesla? That's the craziest part. That's the craziest part. He said so many words. He, he, he said hundreds of thousands of words because he's, he's, he dominated the conversation. It was Trump. Oh my God, 95% of the time. He long used one word. Yeah. Yeah. As far as the yeah coin didn't
go higher, well. I'm sure we'll talk about it in your recap because it was a fun night overall, but there was not many coins. Actually, I think everybody was expecting a runner this morning. I think people are expecting to wake up to like a fifteen, $20 million coin and I don't think a single coin made it above like 2 mil and then like two of them. And then out of the two, they're probably at 0 to this morning. I haven't even checked yet. And she sat down.
But anyways, sit down the show today, today Mando's market report will go over everything crypto macro. We got some numbers this morning, etcetera, etcetera, etcetera. Tyler's top 100. I'm sure we got a lot to talk about. We'll talk probably again about last night's lines and everything. It was it was a lot of fun. And then Robit loot box pins today. So 2 lucky winners, 2 lucky winners will be selected from
the audience. You have to be listening to us live in the audience and you have to retweet the Twitter Spaces plus follow us and Robit without whom this wouldn't happen and you get picked. I think by next week we'll be able to have our own Wheel of Fortune, our own in house Wheel of Fortune to see, to see to to see who comes up to win. We got we got some nice. We got some nice stuff. I just did the loot box before coming on so.
But anyways. Anyways, anyways, without further ado, let's get right into it. Who is the man Macro daddy of the land? Can you dig it? GM, everyone. So we did have a bit of a macro day today. We have PPI which came out. PPI came out slightly below expectations, about nought .2% below expectations, which is kind of on the cusp of oh, that's a little bit too low. Normally CPI misses by like nought .1 and everyone it rips.
So people might be a little bit scared that we're seeing a slow down the economy again with that sort of a miss. We have CPI tomorrow, which which is normally the bigger of the two figures. So we'll see, we'll see how that one goes. But this is definitely indicated that rates are going to be start coming down. We saw yields drop, we saw stocks go higher on the back of that and we saw crypto also go go higher on the back of it. In terms of crypto specific things, Tether just minted
another billion. Dollars. Billions. Billion. Interestingly, they actually burned 50 million on ETH. What does that mean? They minted, they're just moving obviously funds off chain as well. Like that's not a great sign for E that they're burning Tether on ETH and minting it elsewhere. But they minted another billion, which is like people got very bullish about a lot of people track the whole market based on stable coin inflows. And that's that's generally a good sign.
It's been more more dependable to look at than let's say the ETF inflows yesterday. It's kind of an even bag, like Soleaf is now down about 10% from that local. High one more time it's. Bounced a little bit this morning, so it seems to be coming back. But yeah, that's majors are all kind of, there's not really much going on, to be honest. In terms of what I saw people now focused on. I would say the timeline's
gotten particularly annoyed. Again, I would say, I think people aren't making money on meme coins, people are not making money on altcoins and they're getting chopped in majors. That's kind of where we're at. I think the, the, the number one tweet I saw was that some people are now looking at some of these really beaten down finance listed coins for this year or maybe even last year and thinking those might be the best longs right now. And we saw some of those rise quite a lot yesterday.
Some of the gaming coins, for example, bounced quite a lot and it just kind of felt like maybe people are like this, this is the top $100, right? Like, so this shows you that people are kind of focusing a little bit more on altcoins rather than meme coins. Again, I think there's a lot of negative sentiment around pumped up fun at the moment just because of the amount of money they're making and no one else is really making money. You know, it's a big deal at the
moment. Again, when it seemed like a coin goes to 30 million, it feels like I noticed that on mandate minutes now, like I put it out every single day and I think Rap Dog got to like 30 today, but that's the first I've seen in a bit. Everything else is just kind of like dying. So it's definitely, it's definitely been that sort of a market right now. Obviously people losing faith a little bit, summer quiet people
just getting slightly annoyed. So that's my, what I've seen on the timeline a little bit over the last week or so. I, I saw Arthur Hayes come out with another, with another blog that he does. It's a very good blog. He basically says alt season comes back when Bitcoin goes above 70 K and ETH above E above 4K, Solana above 250. I, I think we need, I basically think we're going to be in for a period of job here. And I've said that for a little
bit. I think until the election is when we had the banana zone, sort of, but. It all went down when he flipped from Bananas Zone to this Church of the Chicken fucking thing, whatever the fuck that was. Come on Raul, you know, like I'm going to invite Raul on the show. I got stuff to talk to him about. So I have to ask, is that chop prediction till the election? Is that regardless of who wins like this? Yeah, regardless of who wins this. Is what happened the bananas
zone? Yeah, there was some stuff that came out today even that Kamala's economic advisers are actually from the previous Biden administration. They're pretty anti crypto, which was not a good sign. Those are the people who are going to be helping draft her economic because remember, it's the Democratic convention next week. Is it?
Next week. Next week, they're expect their expectations that she will come out with a broad range of policies over the next week or so, particularly leading into that sort of event. You might hear announcing a few things. And the fact that she's using several of the of the kind of Biden crypto critics to help draft that is is definitely not a good sign for me. I always it has felt as though her courting the crypto community hasn't felt that genuine to me.
But I do think that in either scenario, you will get a rally on the back of that because I think the broader economic situation will, will lead to more pumping over the next six months and lower rates. And I don't see a bad recession coming. So my my view is that, yeah, we're going to have a pretty, pretty nice environment for crypto. And if you remember last year, last time Biden got in, everyone was like, oh, the stock market's
going to tank. Didn't actually it ripped after, after he went in because people were like, well, he's going to have a big spending plan. Markets just like certainty. They don't like, they don't like uncertainty. I definitely think the the drop in bitcoin's price has been heavily linked to the rise and uncertainty, yeah, around the political situation. And I think once that get resolved, people can get behind a lot of different markets, if
I'm honest. This is so funny it should pump since it's mostly left wing holders. You comments? You guys comments? I mean good, good, good comment, good comment. It is a great movement. I mean, look, I drew some lines. Remember that thing they call that a bullish Pennant? If you listen to the show, you know, I always make fun of this one, but that's what they call it tends to be right though, you know as. Brutal.
As we thought we were going to chop just for the summer and now it's so OK, we're going to chop deep in the mid Q4. I mean, it's not like we're chopping all the way to 2027 here. So probably like right there. No, I'm kidding. But frankly speaking, like here, I think this is where the area where we fucking, you know, we fuck around, find out like here, you know? I think Mando raises a great point. It's kind of my base case there. There's a lot of uncertainty.
And I think regardless of who wins like you are, the market will create a narrative for why it's bullish for assets in the Kamala administration as well as the Trump administration. You know what it is, guys? Like yesterday, because I hadn't looked in a while, I took some time to look at every weekly chart like this is the weeklies and people are freaking out like. Yeah, like no one's making money. That's the. Problem this looks you're not making money.
Falling Pennant. So I, I think there's a chance that we hit 55 K again. Sure in Bitcoin, I don't you have to think about what is that when we broke out of the that range that we're in for however long it was like nine months last year, it was on the back of some very, very bullish news. My personal view is it's going to take a lot.
It's not just going to be like a gradual, oh, we get out of it, something's going to have to be like right, violently take us out of it, liquidate the kind of short position that's been around that sort of level. It may happen just before the election, it may happen at the election. But my guess is that people will probably start buying assets, particularly things like crypto into that election and on the back of it. We'll probably see.
That's when I think we'll we'll break out to an all time high. Yeah, let's see, we just got to wait a little bit, get closer to election time and and we'll figure it out. So anyways, we're not looking that bad. I mean, look, because just, you know, kind of chilling around the 60K mark, ETH actually was outperforming yesterday. It was doing good. It was around 2700. What are we, we nearly hit 2800 yesterday, right? I think it was 20. I'm cheering on 2800 I think
yesterday. That was one of the first days with no outflows from Grayscale ET. Yeah, yeah, it's first time. Congratulations. That was that was a good one. What's the outflows inflows looking like? Very quiet, if I'm honest. The ETF only did 5 million of inflows yesterday, but at the same time, there were no ECTF outflows. Bitcoin did 28 million of inflows yesterday. So just a quiet week. Last week we did have net inflows on the week, but it was the tune of I think just sharp
200 million. Yesterday was a whole day I think in some Asian markets. So maybe it's quiet, quiet. Overall, Day didn't really feel like much much was going on. OK. I'm not really worried about the the setup of the crypto market. Don't feel like we're going a lot lower. I just think that some of the for some of the gambling stuff that continue to like actually make sense. You need new money, like material, new money coming in and to take us to like those new
time all time highs. And I actually, I just don't know if the marginal dollar right now if you come into crypto, because we, this is a really good way of judging it. Like six months ago we were like, where would you put your marginal dollar if you were here to gamble? Six months ago it was like, well, we, we didn't really want to put it in NFTS because it felt like they weren't really going to bounce. You put it in meme coins right
now do you put into meme coins? It feels like you could lose a lot. Right now watches. Which one? Which ones are you going to put it into? I think you you might put it into polymarket like just to bet around like. You know, you know what? What Trump did say yesterday. Yeah, like. What epic. Oh, did he? Twice. So fucking weird someone clicked that for me. I, I, I mean, it was so fucking long. You'd have to have someone go through a transcript.
But he did say epic in the first, like way before any other Poly market word like that was like right off the bat, who is going to be epic? Epic, very epic is the biggest, biggest audience ever anyway. Yeah, but he did. He did say epic though, so that was funny. Tyler, final thoughts on the market before I I move on. Or are we good? Yeah. I've got more thoughts on like the Poly market versus pump. Actually, I think maybe we can we can say that if we want.
But yeah, broadly on on the markets, it's quiet. This is a weird week, right? We, we've got all these data points coming out. There's still like this, this massive overhang with is Iran going to actually attack Israel or not? Just so much uncertainty. I think once we get out of this through this week, perhaps next week's a little smoother. But yeah, we'll see. Yeah. I mean, look at the I haven't, I haven't pulled this chart up in a minute. I mean, look at this total 3 chart.
I see why people are not happy, you know? Ouch. It's this this guy right there. It's just continuously going down since like April, right April 2nd here. I got the cross on it's just continuously yeah, it's pumps image just go down. It's just lower highs and lower lows, actually three of them here. So it's just been continuous choppy on the on the altcoin side of. The coil called Bitcoin Dominance top last week, so hopefully. He's been good.
He he's been, he's been cooking. I mean, wow, Bitcoin dominance is 57. Mando was calling for 60 points couple weeks ago. I I don't think we've topped on Bitcoin dominance. Yeah, I don't think so either. You have to. The thing is you have to be a pretty bullish take on ETH here versus Bitcoin because I think that's the only real thing that really moves dominance and I'm
not. I don't think we're going to see a medium term outperformance of. I mean, the good thing is that Solana goes up with with Bitcoin. So I think we're fine on that front anyways. Anyways, anyways, Tyler see what you got for us four daily NFT and crypto analysis Tyler did on FOMO our calls the kids can. Bring the bash of bears. All right, We've we've got crypto mayors chopping ahead of those inflation data memes are falling pretty much across the board.
And Bitcoin headlines. Marathon, a Bitcoin mining company, they've raised $250 million to buy Bitcoin through a new private offering of convertible senior notes. So another big company buying El Salvador announced a $1.6 billion private investment in a new Bitcoin city that will be
built in their La Union seaport. So El Salvador doubling down on Bitcoin. In other news, we saw optimism tease the unification of the Super chain, including a better US for transferring assets that building and more for all the Super chain L twos we saw crypto startups interesting stat here. Crypto startups raised $2.7 billion in Q2. That is a 2.5% increase over Q1 in amount, though a 12 1/2
percent drop in overall volume. So total deals down total amount up a tick Zai games, they dropped a new road map on chain governance, the liquid sticking token and more games in the last week and then forecaster they're still building. They added a new explore function allowing users are discovering new apps and frames and memes. So Mr. meme point major slightly rad now about two to 7% across
the board. Giga was the big outperformer on the day, pump fun, but across the entire timeline right now, they pulled in at least 850,000 in revenue on the day on the back of the Trump and Elon conversation, 10,000 plus meme coins deployed within the three hours tied to the conversation, though just 10 making it to radium. That's about 0.1 point 1.1% hit rate there. Then polymarket. Polymarket a winner as well. The live market on the Trump Elon combo. So four and a half, $1,000,000 bet.
About two and a half million of that came in live during the three hour conversation, but only three words did hit. Yes, I'm sure we're going to that in a minute. In NFTS, I just want to headline a pretty interesting trade is doodles and bored API Club blockbuster trade. A trippy 8 and five eighth exchange for 14 doodles, 14 good mid tier doodles plus 11 duplicators. So NFT trading markets still somewhat alive.
There's no such things in mid tiers anymore, Tyler, we left that in 2021. You're right. You're either A4 or you're top, top top NFT now. But no, but seriously, I I let. Let's start with the pumped up, fun conversation kind. Of tweet in the in the group chat to maybe bring up because I thought it was. Is that about OK, Well, there you go. That's that's that's a good one. So let's start there, right, because you just sent that anyways, let's start with the
pump. I mean, I wrote some thoughts this morning. It's first of all. We've learned something from the Poly market and pump fund thing. Tyler being the house is the best business model so that's for sure and and and always has been. So let's see what you just sent us. So it is really APVP world out there from pump fund data, 1.4% bonds 0.008% survive more than a few days, 0.002% maintain 1,000,000 + 0.001% rich 10 million. Like see, man, don't beat yourself up, bro, you've you're
part of the point. OO 1% Interestingly, your highest chance for success is not to bid pre bond, but to bid on good, but to bid on good coins. 1,000,000 yes, that that one one example. I'm not going to name the example that's I don't want to show it here, but I guess good. And so here are here's some stats. So the question is is flat out I'm going to ask you both title. We'll start with you. Is pump fun ruining meme coins? It's ruining the the market caps of the bigger meme coins for
sure. I mean, every time we have one of these these big events like we see the rotations, I think it's hard to argue objectively that we're not seeing that the capital rotation play out and we're going down the the roller coaster loops due to saturation. Now do I blame the pumps out fun team? No, they created a great product. Good good for them and they 100% deserve the success that they've had. But I think you'd have to be turning a blind eye to the
impact it's had on the market. And for me, it's not a surprise that point O 1% or whatever make it like that. That was always the game right? Like even before pump fun, it was very rare for coins to actually make it. I think what's been painful to watch is just how how quickly the the the cycles have have, have run, how short the, the duration of the mid tier mains who get to 20 million to 50 million, how quickly they just fall back down and nothing has
staying power. And it's just been harder than than ever to actually, you know, to, to trade these profitably from my perspective. So that that's my that's my working view. We're getting Nikun saying no, Shivam saying no, brownie burst is saying Nah, and then Ugly is saying yes. The illusion is bad for the space. I mean, Amanda, what are your thoughts here? I think in general, the idea, this is not just for mean coins, this is for all coins.
The idea that we were able to proliferate the number of coins by factors over the last over the last few months has probably been bad for a lot of the altcoin space. Like if you go back three years ago, people were people would only really buy altcoins for these outsize gains, right? And now you can just create a new coin tomorrow and everyone just get pulled up on it. Like it's become so easy. And the fallacy of a lot of these other coins has kind of
been exposed. So I think it was a natural response, this sort of a platform to the failure of altcoins and just being dumped on by the VCs. We created our own coins. We can just do our own basically PvP Ponzi's VCs aren't dumping on us, etcetera, etcetera. That being said, now it has gone to the stage now where the lifetime I mean that those stats are are wild.
But like to actually be above even 10 million now as a pump dot funk coin is unbelievably low odds to be above like I mean it's only one coin which is above like 50 million. It is really, really bad. So I think what it's telling you is for in terms of Solana meme coins, is that the lifetime of the memes have gone down even more. You can sometimes catch that meme on that, on that, like they said on that route from 1 million up to like 100.
But it feels as though a few months ago coins were just going to 100 at will. Then it kind of went to like 50 to 70 and now it's like 30 or 40. And then they just kind of stop. And that may just be a reflection of the amount of money coming into the space. But I do think that people are generally not making as much money on meme coins and that we probably, you know, this people might turn against it over the short term.
I do still think that it's such a, it's a good product market fit, but the idea is to just make any coin about anything that'll always be there. I think it is the way that they have done that in some ways, like just expedited what was already there in the altcoin market, which was like, no one really wants to buy into somebody else's VC like Ponzi Griff where they just dump on you for like 4 years.
So this is this is kind of made it so that if you're already here, if you're here just to gamble, which is what the vast majority of people were trying to do, then you have like a bit of a pure product. But that also then depends on new entrants coming in. And yeah, I think it's also just means in like there's so much temptation as a big holder of any coin just to get out so quickly. So you have this like continual churn of of meme coins.
Like if you're a holder of with like, I think Obi was fit in some of those groups for a while. But like, there have been new coins coming out every like week from those guys. And they'd be like, you know, they they'll and eventually that one of them will be like, OK, I'm just going to sell my wiff back and get into the next one. Yeah, that isn't the case with a lot of that wasn't the case in the past for a lot of these memes. And so you had like slightly stronger unique communities.
I felt like, like even when I look back last a year or a year and a half ago, when you had like Harry Potter come out, that you had MOG, you had Pepe, I guess. Terrible. Remember, it was just. Yeah. But like they had a little bit stronger communities, a bit more unique feel that like really
built around them. And I feel like it's, it's become, I mean, you know, I, I feel like we do a good job with it, Epic. But like it is true that it's so easy if you're a big holder of any coin right now, like, OK, I'm just going to move on to the next one. You know, like if this isn't working out, Bam, done out and there's nothing anyone can really do about that. That's I'm not really blaming holders. It's just like the incentive structure in in memes is, is
moving. It's this velocity of memes, basically. Yeah, it looked like it's it's very similar to NFT 2021, right? And then blur came around and it was everyone blaming blur for making, you know, access to liquidity fast and you know, the race to 0, whatever the hell, etcetera. At least I'd say the difference between blur and pump fun here is that there's no incentives to farm on pump fun, right? So like there's a like a blur of
people who are farming token. Nah, Nah, Nah, season one, season 5 and 12 fucking this and then it ends up into gold. Pump fun has no incentives yet. It's just here you go like every like, it's like a everybody can. Go. It doesn't need it. Doesn't. Need the token? Why do we need token? We're making $3,000,000 a day with the token sellers. That's the thing, right? It's like I wrote this morning. I was like, imagine blaming the casino for your gambling
addiction. It's like just there's there's there's a bunch of ways to you can buy a bunch of mid caps, small caps, mid mid high caps that could probably do well over time, But people want to trade on the 13 second time horizon and think that they're going to score the next wave from pump Fon. I think Alon the founder, he actually just put a tweet out right now, like literally like, yeah, 11 minutes ago saying that there's a massive issue on pump
Fon today and he talks about the creation of it is where the issue is. TLDR everyone trades on new launches. It's simple and when you have the highest upside. But he says the problem with this is that most people there are far too many coins to choose from and aping fresh launch is far too risky. Right. True. Like I tried yesterday night and it's just like it was like 000000. So it's it's far harder than just betting on a on a word that could be said, you know, across
the board. But they're setting they're saying, I think he's right about this. He's a setting arbitrary limits and barriers to create a corn only benefits the wild resource. Few that know how to game the system is strictly worse than what we have today. So I don't know. I mean, Tyler, what do you what, what do you how, what do you think could make this better? I don't know. I'm trying to read this right now. So he's saying the solution IS100X better curation. It needs to be safer.
I mean, so who who's the curating body, the cabals? I mean, that's basically what we've got, right? Who becomes a creating body? It's tough, right? This is yeah, who's the, who's the curator here? I think it's a hard problem to solve. You know, we coming back to like the marginal dollar. Where would you put your marginal dollar right now? I wouldn't tell anyone to to get in the pumped out fun streets right now. Who's new to this?
And even last night, like 10,000 people were in the trenches playing pumped out fun during the conversation. I'd argue that the Poly market bet was, was more fun and more profitable. And you can actually like use your brain a little bit. And of course, like this was gambling and it was speculating on what he's going to say. But you could at least like have a working theory that, yeah,
guess what? He's probably going to talk about illegal immigration in a in a 2 hour conversation and and and win money on it. You know, versus trying to to buy the right coin when 20 versions of the same word are launched every minute. Yeah, that, that makes sense. So Speaking of which, I mean talk to us because that's another point that you had in your in your in your top 100 the markets yesterday, I mean heated up. The Bali market markets, yeah, I mean, they were a huge winner
last night. And I actually think there's a chance that last night was a bit of a shift or a glimpse of what polymarket can be beyond the election. And Grant, this conversation was tied to the election. And it's Trump and Elon too, the biggest figures in the world. But they, they drew $4.5 million in action on which words these two guys or these words Trump would say in a 2 hour conversation on Twitter. And like, that is something like, that's a concept that you can apply to like any major
speech, right? Or any major event effectively going forward, right. You know, you could do it for the Super Bowl. You know which which words are going to come up in in a three hour Super Bowl broadcast right there. There's a lot that you can do with this. I was surprised at the volume they got and I think it was also very interesting that more than half of it came live during the conversation.
So there wasn't there's clearly an very active better pool there and grinding it and it made the conversation more fun. It made more fun for me. You and I, we were live streaming and we were going nuts when any of the words hit. I guess it's a quick recap. Only three hit guys. So it was illegal immigration hit first within like the 1st 20 minutes. I hadn't bet that one. That was a clear miss by me. I mean, it was a pretty that. Was like, that was such an easy one bro.
Yeah, I should have hit that one and then MAGA hit next. I think MAGA was MAGA was my lock. I mean, even if it wouldn't come up during conversation, he would have said it in the close. So that one was a Gimme and then tampon, of course. And then the entire timeline erupted because it was going off as like a four to five to one favorite. And again, it was even, it was
even higher than that. Bitcoin bro, I can't believe like no crypto no was a lock you and I cooked on that, but Bitcoin I was I I could have I thought he was saying this Bitcoin you know he loves saying the word Bitcoin. I feel like he likes the sound of it. I. Think there's some signal there and I said that was my that was my other lock. I was I was no on crypto. It was the first bet I made and that was the most bet word by two XI think it caught like
450,000 in action on crypto. The next one up was like 250 K. So definitely some crypto bias in this market. And I was turning as high as like 65%, yes. And like as soon as you heard Trump talking early in the 1st 20 minutes. So you could tell like that was not a policy item that was going to be on his mind. And if Elon would have brought up, I think he would respond to it. But I think it cast doubt on like, is Trump serious about crypto? I mean, it's a part of the Republican platform.
I think he agrees with what he said. I don't think he's lying. I just don't think he cares about it. Like we've seen it now in a few different occasions. Scamming ass sons would probably like don't say the word Bitcoin. We bet you on that, all three scammers. I saw. I love the. Yeah, the. I'm saying three kids. They're scammers to me forever anyways. Thinks that Baron was right next to him and tell him what what or what not. Aaron was probably Max Long. No Bitcoin, no crypto, no the
worst. Think about it. I'm not saying they're doing. I'm just saying it's very easy to manipulate if you're the person at stake, like if you're the center, like it's all about what Trump said, right? I think for normal people it's very easy. I think trying to convince Trump which words to say or not say is a very difficult task. He's going to say look at. His kids bro. Look at what his kids are doing
in the industry, you know? Not saying Jessa was wild because he mentioned Elon's company and his car on multiple occasions and just didn't say the word to. Us at the very end Mando like the very, very like the goodbye of the goodbye of the goodbye of the goodbye, because they took 40 minutes to they said they were done at the very end. Trump was like, yes, we need more companies made in America. I'm very proud of what you have built with your automotive
company. We're like, bro, fuck, come on, just say fucking Tesla, bro. Like he kept saying your automotive company. He kept saying your electric car company like, but then he slipped tampon and a 10 second rent. You sure he didn't know about all these these lines, Tyler? Like, I don't know, but but it was, it was it was, it was entertaining AF. We we asked. Elon, he was going to get paid for this. That was probably my favorite part of the conversation. He's like, he kept implementing
Elon on how many viewers he got. He said there was like 60 million. Yeah. And he's like, yeah, am I going to get paid for this? Like Elon even explained to him how Tesla model SE3X and Y makes sexy and that people were mad. They talked about Tesla for like 10 minutes and we couldn't get the word Tesla out of him, so they have. To play the House so that playing the house here means like taking the no side on on most of these or just taking the opposite side.
I think that worked out in the debate. It worked out again last night. So now we've got a few of these under our belts. I think we'll we'll be ready for the. Yeah, I think you and I should keep those. We should keep. We could. That was fun. I had a lot of fun yesterday streaming those.
You know, I was trying to do pump Fun at the same time of Polymarket yesterday and you're right, like one of them was way more lucrative and more entertained than the other when it comes to like live being live like because you can do, you can do. Polymarket live like so they get into a policy topic and then you can start to say like OK, do you think they're going to hit? It here, Well, you stop slamming censorship out of nowhere, right?
They started talking about Europe and what was happening and it's interesting. Shops in 9090 cents. We thought it maybe it hit and we didn't hear it, but people were just betting hard on it live, which definitely add to the phone and a little bit stretchy. Yeah, that was, that was a lot. That was a lot of fun. Anyways, what else you got here, Tyler? What else you got here 1st? I'm going through your, I'm going through the you're, you're lucky leading your newsletter
here. I mean, I saw this trade. Remember when these trades, the only thing that this trade reminded me, it made me sad. These trades used to be the norm. This was another hour in NFTS. Yeah, we'd see these blockbusters on the daily. When's the last time you even saw a trade like this? Probably. I mean, 2023. I don't know. I can't even tell you if I've seen one this year. I like the doodles bag if I have to pick which side of this trade.
Giving all the doodles positive momentum, of course, yeah. 14 multiple rainbows in there. You got some, You got a balloon. I'm just I guess the the bear market really desensitized me to like rarity and midcap and oh, it's got puke rainbow like dude, like I don't know. I don't know. I think the midcap trees Mando, who's it? What was this with the rec guy? Did some guy this some dude spent like 50 grand on red guys the other day like on 2 red guys
is that what I saw? Yeah, there was a big some, some red, red guys went through the diamond Dolly, only diamond Dolly. She was a the golden girl. But yeah, the we had we had some, some buys looks like. Did you see the Did you see the advertisement for red drinks yesterday? I did not. Oh, I missed it. Look, these guys this guy bought. Oh damn, one of them suspicious. Oh shit he bought a. He's not a tagged rec guy. We care. We care about those tags anymore. I mean like.
We really don't. That's so 2021. Remember when life was so tough back then? We used to argue about about that. What did you tell me? Rec Drinks. Go on correct drinks we've got got living carpets now. Is the new one of the new? I oh, no, no, I saw it. Let's play it. I saw it. I saw it. I met this MFR in Miami right? On the Living Carpets You May Know me from the hit ITV 1 documentary It's Showtime. I remember beating all of the papers. National TV 2. I knew that. Wasn't Hammond?
She thought it was hilarious. Do you remember? When Nana used to say I look like Michael Bublé, Yes, Dad. Unfortunately, my Hollywood career hasn't taken off as it hoped, but I have landed a job selling. Sparkling water. Wreck drinks. He's been a holder for a long time, but that. Is good he's. Going to be quite a few of these things. That is good. I like him. He's fun. We he, he, we met him right in Miami. He was there at Yeah, when you guys had the.
Yeah, he came to Miami. He's one of the winners of the of the competition. This is good. This is good. I mean when. I mean when? When what? A drank point. When drank points are you farming drank points, Tyler? No, I need to be. Put it at the bottom of Mando minutes now just. There you go. You don't even you don't even have a wreck guy. You can just get started. So British love it. I love that. Yeah, British people are very funny. Very dead man. Yeah, it was great.
Remember when Nan you said look at Michael Bublé? That is hilarious, Tyler. Did a side by side comparison him on the rec? On the rec he kind. Of looks like Michael Bublé from from wish.com. You know, do. You see, I think they someone sent out a tweet about it. No we didn't. So where did I see it? Someone did a side by side comparison with him and Michael Bublé. You know what? I see it, I see it.
Look, what do you think? You cannot kind of gives me, you know, kind of he's kind of kind of does look like Michael Bublé, Does he, Huh. Not bad, not bad. Living carpets. You're probably listening to this show. You don't worry, Nan. Nan was right. You, you you kind of didn't look like like Michael Bublé. Anyways, Tyler, anything else before we go on to picky winners today? Yeah, maybe the only other one. It was another Polymarket
headline actually is going back. So they've partnered with this. I saw Howard surgeon called Perplexity. I guess Perplexity hadn't really been on my radar, but some of the my is more deep in the AI circle saying this, this one's pretty legit and they've been using it and they've been doing a pretty good job. The team of Perplexity with this
chip, it's it's going two ways. So Polymarket will now show a summary of news related to each of the betting lines powered by perplexity and then on the perplexity side, they are going to be showing. Oh no, he had perfect Internet for 40 minutes. So that was, yeah, it's an interesting one. I don't think they've started the partnership yet. I mean, I haven't seen, I haven't seen it, but it'll be I'll be curious to see what this
actually looks like in practice. You know, I noticed every time you say a word that starts with P, you're your Internet. Just. Goes off. Maybe it's you're you're cursed. I don't know what happened to Pack Moon, by the way. Yesterday. Was that yesterday? Burns tomorrow. Oh, it's tomorrow. Burn ends tomorrow and then you get to tokens on the 15th. Ah, OK, OK, OK, OK. Hopefully it's saves Solana. Let's say make Solana meme coins
great again. Yeah, make, you know, make make meme Solana meme coins great again. That's, that's funny. I guess we'll see where this takes some. I'm looking at the news. There's this like evidence that the crypto crackdown that may continue post post from the dams that came out this morning. I saw J safe shared this morning before the show. Do we know anything more about this? I said it. I said it before.
Yeah, yeah, I was saying that some news came out that she's going to be having these economic advisors. Who? Are not looking great right and then 15 minutes ago Ted Cruz says what Bitcoin presents is an upper engine real time to enhance residency in our grades so taxes you see that did you guys see this even Drake left Canada look at that I opened Instagram yesterday he he's from he lives in Texas now what do you mean why because dude.
Doesn't he have like $150 million a year deal with stake? Yeah, that's why you leave Canada. No, but you, you. I think he has to be in Yeah, he. Probably set up his maybe. Maybe set up his deal somewhere. That doesn't look. Is that a? Is that a passport though? No, that's the driver's identity card, Yeah.
Where in Texas does he live? I don't know, but he left Texas bro, and he probably in Houston actually know what he's pretty tight to the J Prince, the Prince family there, right, J Prince and Josh like they they run when his song mop Ties is about them. Houston, they run music there. OK, He actually had Kendrick Lamar's song banned in the streets of Houston. They were not DJs were not allowed to play the not like a song or else they would get in
trouble. So he's in the, he's in Texas now like everybody else, you know, and so and so even Drake left Canada. So it's only me left over here. It's only me left. Where did he live there? Was there was dreams of you coming to Portugal and you come silent on me? I I kind of rugged you there, but I'm not it's not off the car. It's. Not Danny, Danny messing me other day, we're all going to go live in Italy and then then text me the next day being actually scrapped that taxes have
doubled. I was like, OK, OK. So basically Danny Harold, myself, we're thinking about Milano. I like Milan better than Portugal, I speak Italian, I love Italy. It's centrally Europe and there's a lump sum tax regime over there, expats Repelli. They've doubled it, so we may have to go back to Portugal. My only issue with Portugal is there's no. We don't want you, you know, We don't want to be anyone's second choice.
God damn it. Are you in are you in Portugal for the long haul Mando or is this just like a? I'm in here for the long haul, baby. Man, this guy's living, bro. This guy's whole company, his child, everything, everything's, he's, he's there. He's there, you know, you know, he's a, he's a, he's our Guinea pig, he's a, he's AB testing Portugal for us and then we'll make a decision. I don't.
I don't need to move. It's so true though, like Portugal is a good life I believe that Portugal is such a good life. I want to go there may Portugal, Portugal or or anyways stay tuned for another episode of my life where I have to finally get around to leaving Canada, but I I can't because I'm so busy and I keep pushing it forward backwards. Anyways, come to Switzerland, bro. Motherfucker, you can't even I can't even afford coffee in Switzerland, bro.
This is easy. I go to Switzerland like two or three times a year to see Danny bro. You can. It's like $25 for two coffees. Like I managed to spend like $3000 in four days in Switzerland. I didn't even have to pay for a hotel. Fuck this anyway, but I love Swiss. OK hopes twice. I like it.