Oh, yeah, the street yard works. Let's go, baby. We don't have to cancel this pair. Vandal's got a haircut. He's wearing a skirt. Good morning. Good morning. GMGM. Friday. Woo. August 23rd. Oh, man, I can't wait for this month to be over on the month of August. Sucks. Like, bring on September and then bring on Christmas. If we could get rid of three months out of the year for me it would be August, October and November.
Completely useless anyways. August 23rd 2024 four four actually we got to check in on our Ford token. Look at this another beautiful day to have a beautiful day. I got my Co host in the house Mando Tyler. How you guys doing today man? Seems confused, sorry you could you? Could for like 10 minutes but I'm doing great. How are you?
The shirts on the shirts fully open and you're like look at that this Oh my God, that's so Mando needs to go as Wolverine this Halloween and if toxicated saying as the first comment we're getting this morning. Tyler, how you doing today? I'm good, maybe a little tired sitting up late watching the Commonwealth speech of the DNC. Yeah, it was a big night, Big night for the the the dims. I'm sure we'll get into it.
You, you actually you're, you're capable of sitting through it and watching it doesn't hurt your brain. I watched it all. I thought it was a good speech. She actually touched on real policy for the first time. I think we know what she stands for now and disregard what right wing Twitter is saying to you like that was a good speech. Wow. OK, well, I'm sure we'll talk about that. I by the way, when I say it's insufferable, I mean on both ends either. DNCS. Well, let me tell you what she
didn't say. She didn't say monkey pox. She did say abortion. She did not say Donald Trump five times. She did not say McDonald's, actually. What the why? What the fuck did I bet that she'd say? McDonald's? She worked at McDonald's. She did not say inflation and she did not say Obama. OK, let me tell you what she did not say. I thought she'd say Obama, but she didn't. You'd figured her acceptance speech would. You know she'd say Obama because of the support from Michelle and
Barack like it'd. Be like OK like. It's my honor to succeed, to go after my, you know, colleague Barack Obama. No, she said none of this shit, and I got cooked on absolutely everything, every single word. But besides one, I think I won one out of all of them yesterday, Tyler. I forget which word it was, but oh, ceasefire, that one was a good one. Because it was. A That was a surprise hit. We'll get into it. I've got I've got some thoughts.
On this perfect, perfect. We'll we'll keep we'll keep keep that for your thoughts on the show today, today market report as usual. I mean, we got we got Jackson's hole today. You know, whatever is going down in Jackson's hole. Mando, I I need I need a TLDRI know it's in 52 minutes and everybody's shaking like my favorite traders on the timeline are are are are shaking. You know, it's a cold world or not. We'll find out and and in less than an hour, right this.
Thing is happening right now. I thought it was at 11. AMI talked to KBM and he said, I mean it is now, but Jay Powell is 11. I've just seen a bunch of. Really. That may explain why we're pumping right now. But I was told by keyboard monkey, keyboard pianist, that pianist, I don't know that that, Oh no, Jay Powell is live. I guess he's live. And Mando has a shirt on. Oh, time has come for rake cut, he said it. Purple tie, purple tie. Purple tie. What does that mean?
There you have it. What does it mean that J Pal is wearing a purple tie? 25 bips or 50 bips question? There you go there. Oh yeah, Bitcoins retesting top of the range. Anyways, we'll talk about that and then and then we'll do Tyler's top 100 and the followed by Robert lootbox spins. I got you guys. I know how you guys have been gaming the system. I will game the gamers. So we'll do that at the end of the show. Remember to retweet and follow all of us. Anyways, let's get right into
this. The market is pumping. Let's get. It. Good. Morning. We're doing well. We're doing well. So everything's rallying on the back of a fairly predictable speech from Jerome Powell that we're going to start cutting rates. He doesn't seem overly bearish in the economy, which I think is a good sign. He's just basically, he's just saying that they're going to start cutting rates because inflation's come down. I don't know, seems to be, seems to be taking well.
Yesterday's stocks are a little bit lower. Feels like they're going to go higher on the back of this. There's some talk about like, oh, well, we have a little bit of a sell off when when the rate cuts start happening, we may, we may have like a small little hiccup, but over the medium term, it's almost always a, a pretty positive sign. I think one of the main things you normally see with rate rate cut cycles is they often coincide with quite a violent
recession. And this is going to be one of the, the only potential soft landings we've seen in the last, I don't know, 40 years. So this is not like what you've seen with the other times, like the last times you had a very dramatic rate cut cycles were COVID and 2008, right? So it was like these very violent recessions which suddenly led to three rate cuts. And this time it feels slightly different. So I think in general, I'm
saying this is positive. I do think that we've said for a bit here when positioning was pointing to it being squeezy coal world is is not happening it feels like today, but we have seen a bit of a rally in all the other L ones as well. It hasn't just been a a Bitcoin trade. So AVAX is up 25% this week. Now they they got a grayscale trust yesterday. That's about 25%. You've seen climatic of about 25%, a bunch of L ones, L twos where some meme coin trading have been happening, but other
activities have been happening. They all seem to rally. So you had a bit of a bounce there. You've seen a bounce a lot of the AI coins as well over the last 24 hours. So basically the the rally rallies in all coins, which just just used to be memes. This kind of spread to more things, particularly weeklies. It's it's not really meme coins which have LED a lot of these. So Oh my God, look at those lines.
Look at those lines, bro. Dude, listen, listen, this is what you call a bullish Pennant, OK, and we are breaking past it, you know look, the lines don't lie. It's like hips. It's like extra curious hips. You know the lines are nice. The lines are nice, you know, so you absolutely love to see it. Bitcoins breaking past 62 K. So it's it's not, it's not bad. It's not bad. Now let's see if we can breakthrough that right. Wasn't there a big resistance to 62 Mando?
Yeah. I mean, I think the resistance was really slightly lower than that. But but yeah, we've broken through. I don't know if it's going to like that much higher. Still feels choppy to me. Yeah, I'd be wary of buying into these sort of things, but I do think we could squeeze quite nicely, like funding is so low, right? What's the number we're we're allowed to get excited again 73.
Honestly I'm not getting excited past the all time highs because you know what happened every time we hit 70 K brother? 73 is like all time high isn't it roughly? Yeah, I think so, right. I'm pretty sure 73 or 74 is the all time highlights here. Let's pull out the daily candle on Bitcoin. There you go, Daily candle. It's just 7374, you know, something like that. So do we get excited 74? On Bitcoin. Yeah. Brother, I think we got a little
bit ahead of ourselves here. No, Tyler was asking, where are we allowed to get excited? Oh, not not saying it's coming soon, but like, you know, we, we want. To be in the current state of things, I think a rally of $1000 is like absolutely insane, right? I mean, so funny. Oh yeah. We, we're, we're not getting, we can get excited and happy, but we just can't get your forehead. You know, that's the that's the alpha. You know, we're not, we're not going to try not to get your forehead.
Let's look at the top gainers losers on the last 24. I mean it's nothing much when it's just another day in Chop City for now, right, But we'll see if it happens to be true. So that's what you're talking about, right? You're talking about alts pumping looks like looks like All Star top gainers. Actually guys, not even memes. Look at that. So alts are alts back? That's what I'm saying. Like go on the weekly as well. Seven days. There you go. Be. Like the top 300.
Wow, relevant, but you see that this is This is a. Never mind. There, but like it's, it's been a much more broad based rally basically. Interesting. Interesting. Yeah. I mean, Avax pumped like crazy because of the grayscale news, right? So if you go top 300, I mean top 300, I guess that changes things because there's a lot of of super rare. What's going on with Super Rare? Super rare hard DWF is the market maker. Yeah, there was this like I saw
this. Did you send that to someone sent that to us, like the whole DWF thing where like they just like really good at like just like pumping on low volume like a token just goes crazy. Someone sent a thread that's there's this guy that has been tailing the DWF traded wallets coins. And so basically they do this thing where like they might, they pick up on a new coin, like super has very low volume. They fucking send it right.
And this guy actually has been only trading like that and been very successful. It's been pretty interesting. I, I read about this. I'll I'll find you the thread. I'll send you guys. But that guy was saying that he's been like actually just trading like that and he's been cooking because every time like a DWF picks up a coin, like he notices like a certain pattern and like he didn't figure out, he didn't figure it was DWF until later.
But it's been the same thing across multiple coins that he studied. And they all happened to have DWF as a market maker. And he was talking about that. I thought it was super interesting. But yeah, anyways, thank you, Ali. I do, you know, aside from having best hand web three, I do make the meanest, you know, latte. It's good. I'm quite de burious. Thank you. Thank you. I picked up on the Coco and the foams ratio in Portugal. Actually, Portugal changed my life when it came to coffee.
When it comes to coffee. He's completely so hollow now. You. Know. Literally your names are going to Portugal about four times and and basically said you want to go to other countries so. Amanda took it personally. It's true, right? I only hear from the Grapevine, Oh no, I'm going to move to Switzerland. Oh no, I'm going to move. To no, no, I never go to Switzerland. That's I am two brothers. Paris. Oh, I I see. Yeah. OK. All right, I'll.
Go brother, brother, I am too poor to live in Switzerland. Switzerland is for the rich and famous like Danny seed phrase like that is that is different like Switzerland is. Switzerland is for the rich and famous, like Daniel seed phrase and and that's not for me, you know, but there is no there's a good opportunities around Milano. You know, this is a good place to live.
This is a good place to live, but don't worry, Portugal, you know, Lesbo is still, you know, strong, strong runner up here, Very, very, very strong, first tied or second here, because it's nice and cheap and we like that. We like that, you know, we'll we like that anyways, So market wise, that's about it, right. Nothing else to pick up on. You know, sources are telling me sources tell me keyboard monkeys, my sources, there's a fake breakout and that we're
we're we're meant to short this. So let's see, let's see. We'll see by the time we close, but it is Friday and you know what that day is Shabbat candles day. So we'll see how how the weekend treats us. So anyways, Bitcoin 6616 Salon 145 ETH is 2680 a lot of memes we're rallying, etcetera, etcetera, etcetera. So you'd love to see that And and that's about it on the market, right, I think, yeah. Bitcoin sold off already. It hit like 62250. It's over.
Yeah, yeah, it's finished. I mean, we we may see $44,444.00 by by Sunday. Oh, well, should we talk about this for a second on the market? Because the market's been boring and that's like a fun part of the market. And then we'll get to Tyler's up 100 in a second. Like, So what? There was a tweet right that I saw that oh, he's tweetingdownonly.exe. Look at that 30 seconds ago. That's so funny. He's the only one, yeah. Yeah, he's the only one.
Let's see, let's see, let's see this I, I mean, I'm, I've never, I can't short. I'm too scared to short. What's his tweet that's been getting like a lot of engagement last couple of days? This one, right? No, there was one where he said that he was short like $60 million. Well, there was that one there, Jack's XPT replied to him. It's. This one, Yeah, it's this one, right? I think he Jack XPT deleted it but. But that's the tweet, $44.4 million notional TP at 44,444.
That's a lot of fours. What do we? What do we? What do we think? 38 K and then took it off at 65. He had a short on from 60. What was it? 70 K said he was. He was going to 38 and took it off at 65. And then got busted on the way up and then he's long, then he flipped long. Then he got busted for the whole all the money he made out which made was this is where the $8 million mean with with onsen was born, right. So so so I guess we'll see where the market takes us this weekend
lower or higher. Let me know your thoughts in the comments. We're streaming live on YouTube NX. We've posted it all around. So let me know in the comments what you think lower, higher, higher, lower. Let me know what you think. We're we're we're going to we're going to be on the weekend and Tyler, let's see what you got for us today. Four daily NFT and crypto analysis all.
Right. Yeah, Justin, we've got crypto majors rallying here, up about 2% across the board on the back of Palace comments at Jackson Hole saying the time has come for rate cuts. Now it's just a matter of how big the cuts will be. In other crypto news, we sold the Tron stablecoin. USDD is no longer backed by Bitcoin reserves after the Tron Dow removed $750 million worth of Bitcoin. It's now mostly backed by Tron. TRX, interestingly up quite a bit on the week, so that's
something to watch. We saw finance founder CZ. He's released from prison to a halfway house. Free CZ. Full release slated for September. So that might be one of our next upcoming catalysts. We've been talking about AVAX. They had a big day, two things. So Grayscale announced their trust and then also Franklin Templeton announced that U.S. government money fund FOBXX is available on Avalanche. So more institutions go into Avalanche Phantom.
They're expanding their onboarding options, allowing users to utilize Apple Pay, credit cards and more. So it's getting easier and easier to to get on to Phantom. And then Sony, the news from overnight, early this morning, Sony is launching an ETHL 2. It's called Sonium, and they're planning to deliver Web 3 apps across entertainment, gaming and finance. So a big headline there and memes sold mint tiers had a good day and then SCF pop Cat
outperformed on the day. Pump fun, they're big news. They're launching spaces. So within pump fun you're going to have a spaces product. It's going to be absolute pandemonium. We broke the news yesterday, but to to to relay at Magic Eden Foundation. They've teased their ME token AirDrop. We saw the Bitcoin and soul leaders mostly green on the back of that news. Ethan tease chopped. Then it was a big night on Polymarket. We we, we teed it up at the beginning of the show.
Commonless speech saw over $2,000,000 on which words she would say, though excerpts of her speech did leak ahead of time. We saw some wild action on the will Beyoncé perform line over $1,000,000. Bet on that. Sadly, no Taylor Swift. Oh my. God, Tyler dude, I didn't. I didn't hammer that one as hard as the Elon one. Mando, have you been following airplane GCR, Tyler?
So Tyler, you remember when he was tracking the Elon jet over the so he was doing this all day yesterday with Taylor Swift that did DNC. So airplane GCR was back. I was a little lighter on that, Taylor. There was there were less indications he's actually going, I mean, Elon like his plane was actually like it looked like it was flying to to Nashville. Taylor, we never really saw any
of that movement. But they announced the special guest and then all of the market makers like took their sell orders off and her line briefly popped to $0.50. So I thought when that happened that someone must have known something that was, I mean, it, it opened the day at $0.05. So it, it, it moved 10X, like you had a chance to sell 10X there on the day. But then it, it drops back to 20. It kind of held at 15 to 20 for, for most of the night. The big one was Beyoncé.
So I, I was watching both the CNN and NBC television coverage and they were all actively spreading the rumor that Beyoncé was there. Like they wouldn't show up about it. Like they were talking about every 15 minutes. You saw it going around Twitter as well until Beyoncé's manager came out and said they had no plans to be there. The line had gotten to like 97%, I think. Like, like it was like a
confirmed, almost a confirmed. Yes. And then it dropped all the way to 0 because she did not, in fact, perform here. I'll go to go to Nick. Nick Tamino, I can send you the NNT money. And he? He posted the chart. I mean, it's one of the more brutal. Oh my God. Yeah, this is how much of A lock it seemed and that that jived with what the the anchors were were saying live. And then, yeah, she did not.
And now people are saying, OK, it was a conspiracy to get more, more viewers to turn in. Maybe it was, I don't know, but it it worked, there was like 20 million someone. Have you watched it live? Yeah, someone just said Tyler did it. Here's a thread about the online rumor starting so it looks like. OK, so someone started a rumor yesterday on Twitter. I mean, there people were saying that like the anchors were saying that she was live in the
building. So like, yeah, I mean, if this is where it started, it was a wild game of telephone. And it seemed realistic because Commonwealth has been coming out to the Beyoncé song Freedom. Beyoncé gave her the rights to play it at a rallies. So it was logical. And then the speech, yeah, over $2,000,000. But on on that one. And I ended up staying away. I didn't like the lines. There were so many heavy favorites. None of the underdogs hit. Ceasefire hit. Yeah, I know.
I got rinsed bro. But now I think there's kind of a problem like, like, are you going to keep betting these markets if you know, like the speeches are getting leaked? Apparently one of the Trump speeches got leaked. Like, so basically if you don't get a copy of the speech, you're you're a massive dog now. And how do you trust that like, the people who get the copy of the speech aren't bidding this?
And then there could be like fake speeches leaked now like there's a lot of permutations with this. So I think we might be moving on from some of the the word betting. Yeah, I mean. Still, the debates, the debates will be, I think, less. We are definitely taking this word betting too far, that's for sure. But you know what? We love it. There's nothing else to do. There's nothing. What else are we going to do long? Buy dollar coins on B&B. Exactly. I mean, we'll get to that in a
second, right? I'm curious just to get our B&B and Tron update of the day to see where where the trenches are. And I I got my thoughts. I got, I got, I got I got my own thoughts on that one. But anyway, so you seem to to have liked this, this speech. This speech seems to have, I mean, on the market seems to have gotten a little closer to Trump. There was a large gap of like what, 5-6 points? Oh, you know who we're betting on next for words? RFK today. Yeah, well, the big one, is he
going to endorse Trump? That's at 70%. It feels like he will. Like, I mean, if he comes out at the Trump rally, it seems like he's going to endorse him. What are some typical words that our our boy RFK likes to use like? Wild card. I mean, you want to talk about wild card? What are we, CIA? Yo CIA at $0.29 with all the rumors. You like that? It's interesting. I don't know. Debate, you know, that's a good 15050 with them not letting him debate. He could say it.
He could be like, hey, you know, here, I'll put my bets on. I'll put, I'll put my bets on the show. Yeah, fuck it, let's have fun. Him, him dropping out, it's clearly why Paul and Mark has moved to Trump. But I don't know. I think that when the polls come out next week, I think when Silver has this model, Commonwealth's going to be in the lead. Next, as long as. This time next week, she'll be
in the lead. As long as I have money left in this account, I will bet and then the day goes to 0, then I will stop. So I say myself, so I tell myself. But anyways, that was apparently that was a good one. So so we'll see where that takes us. But anyways, DNC, all this stuff that's, that's over with now, right? You can go back to Chicago. You're safe. Yeah, it's over. Yeah, we're going back here after the show all. Right the. Progress weren't really weren't that bad, yeah.
Totality household can go back home. You know that that's what matters. That's what that's what that's what that's what matters. Anyways, how are we looking? How, how are let's let's talk about our BSc and Tron coins cause yesterday's story was really all about BNB and stuff. Mando, have you dabbled into BNB? Yesterday after the show you seemed like you were excited to do so. I did. I bought the Binance dog which is down 75%. Oh no.
That's the memes. I have to say you were cracking me up yesterday because it was right after the show that you were tweeting all the memes on of BNC. Did I? I think I treated. Did I? They were funny. So the Binance dogs you tried, you tried at least I. Figured that would be the one down 75%. Yeah, and four's up. Let's take a look at Let's take a look at our daily names. This one is so funny. CZ getting out of prison to Pompey, MD Cards. Well, Simon's cat is up at 275,000,000.
What? Wild. Yeah, yeah. Go, just go pull up the BSc board. Here, let's pull up the BSc board. Over here, boys. Let's pull it up. So Simon's cat. Let's pull it up. I got it here. Oh, my. Wait, what? Oh, because it's a daily candle. Hold on. I'm seeing 190. Wait. Oh. Yeah, I'm seeing 2/22. I think it popped out at at like 250 or something or 220. Yeah, no, this was definitely super high. Yeah, it's honey. Yeah, it was definitely, you're right. It was definitely hit like 250
overnight. How is that four coin doing? I didn't end up, I didn't end up selling my ex copy, but I ended up like keeping it in cash, so I didn't do anything with it. Yeah, it felt good to get a sale. I feel like an oh and it's up. Look at that. We hold up yeah it's one of the best looking best looking coin we I. Got oh me, we had the right one. Yeah. The ones you don't buy are of course going to go up and the ones you buy. Good. Oh my God, that's so funny.
I got to text Ovie about it because I was talking talking to OBS. I was like sharing my BNB thoughts and I was like, I think this is going to pump and I didn't buy it. And we actually agreed to that one pumping and we didn't get into it. That's 31 mil. So four is up. Down 68%. Four is up. How's you know what? I want to know how Capri Sun is doing. Let's check back in on Capri Sun on Trot. It's not great, boys. I don't think we missed much. It is back now, 2 million.
How's the rest of the board? I'm taking a look. So Sundog's at 190. I mean, that's still pretty. I mean, Sundog got a Binance listing with Popcat, right? So Tron board, what's the Tron logo again? It's this one the Tron board market cap. I think it's just Sundog, it's Suncat, right? That are that are that are up. I think that's about it. The sun token, I don't know if that's a meme coin or whatever that is. It's. So can you talk to me about the importance of that Bitcoin
backing being gone now? Like it's like 12,000 bitcoins? That was a big headline yesterday in one of yours. Yeah, I saw the news. I haven't really dug in, but the Trondell, they moved $750 million worth of Bitcoin, which had been backing USDD. This is an algorithmic stable coin. They launched it in 2022 as a competitor to Tara's UST token, and now it's primarily backed by their own TRX. So I don't know, we've seen setups like this before, right? Like I think it is a a red flag.
Right. I'm trying to just scroll through the article now, see what else jumps out. You know, I think folks have have questioned, you know, some of Justin Sun's movements in the past. They're back to meme coins now. They're saying it has $1.7 billion worth of TRX and USDT in reserves, giving it a collateralized ratio of over 230%. So it's backed by more than double. But yeah, I guess someone else is disagreeing with that saying it's only 53% back. So I I don't know, it looks like
it's still fairly unknown. Interesting. Perhaps be careful dabbling in USDD. OK, OK. Be careful there. Be careful. I mean electronics, I mean we've been saying be careful on Tron for a minute. The other headline is Sony. I mean, so Sony made the headlines not long ago for acquiring a, a, an exchange, right? And so now you're telling me that Sony is launching an L2? What's that all about? They are, yeah. So Sony is launching an ETH L2. It's called Sony Young. The quick TLDR.
So their vision is to realize the open Internet that transcends boundaries. They describe it as a general purpose blockchain that aims to evoke emotion and power, creativity and meet diverse needs to go mainstream. It is an open network. It leverages the OP stack and the Super chain. They the focus areas are entertainment, gaming and finance.
And As for like what's coming next, they are gearing up to launch the test net, making their developer tools and SDKS available soon and then introducing new partners. And they've got some big partners in there. So they have chain link circle. Astar Network was one of the big ones. And I think there's an interesting quote from the the roll out that I'm quoting here.
We think the development of a comprehensive web pre solution based on blockchain is very significant to the Sony group, which has developed a wide variety of businesses. So that's the story. I think there's been just like some early, you know, some people are happy. The I feel like crypto Twitter is just lean so negative and
pessimistic. The common response is, oh, great, another L2 I saw like Beanie comparing it to their NFT project and, and, and where that went and it, it didn't really go anywhere. But I don't know, I mean a little bit more optimistic. I think we have to at least be be happy and want to give these folks a shot to see what they can, you know what, what they can roll out, what kind of apps they're going to have. I mean, I, I mean, yes, the narrative could be, yeah, just another L2, sure.
But you know what you're telling me Sony's buying exchange, Sony's building it out to Sony's clearly spending money and investing in the cryptocurrency like business ecosystem in this industry. I take this as a positive, surely, right? I mean, what do we think here? Like, I know people want to dunk on this, dunk on that, but like they're not here trying to extract. I mean, yeah, but I don't think it will like because it also it's like, you know, what do we think, right?
Like surely this is a positive? Like launching an L2 is less extractive right, of an, of an entrance, right, than launching like an NFT or, or something along those lines. So yeah, I think it's positive. It's just a headline right now. So we have to see like what, you know, what they put behind it, what kind of resources, yeah. And who chooses to build And it's going to be competitive, right?
But it's it's certainly better than them coming out and saying crypto is a scam and we're exiting. Sony NFTS I'm keeping this Candace and once a day y'all don't worry I won't let you down. I think Coinbase bombed with their NFT marketplace and then they're doing all right with their L2. Right, like Coinbase and FT marketplace with complete washout and then the the base is fucking killing it. So so I guess we'll see what's going to be built on on on on on Sony's L2. But dude, buck it.
We'll take it. Like, I don't know, like I think, I think we've become a little too cynical in this industry, in this space on I'll say CT, I'll just say CT specifically. Like we've become like I, I believe we've become overly bearish and cynical in this, in this period of chop. I think chop has really gone to everybody's heads. And I think a lot of people need to rinse, rinse your head. I think people need to like shut their brains off again. You know how we say like shut
your brain off in the space. I feel like we've all shut our brains on during the chop because we're overthinking and reminder. What do you think? You, you smirked here? Like do you think people need to shut their brains off a bit and just let the pump be within them? I think increasingly it seems as though a lot of the pump stuff is is just like related to the majors and that's what gets people more depressed.
It's like, oh, Sony's going to come in and yeah, maybe they're going to just create, you know, like an unregulated gambling space for everyone, which is what everyone kind of wants. But maybe they just do some of their payments on there. Maybe they do some move some IP on there. And that probably is bullish for ETH, bullish for Bitcoin, blue sauna. But I don't think this is crazy. I would agree with both sides that you can't really.
Sony have had quite a few different parades into this space and some of them work, some of them haven't. I, I feel as though this is an L2. We don't need another L2. But it probably at the same time shows marginally that more and more companies can go and do this. I think the the thing that's happened to me here is Sony's one of the biggest companies in Japan and Japan's been making quite like a a big push into
blockchain. So and there's all from being very far behind as technical, you know, as a as a country that tries to be very technically ahead of many others. It's been surprising to me that they've been so slow at this. So to see some of the big conglomerates come in and do stuff. Maybe that's just another Ave. for Japan getting bigger into blockchain. Yes, absolutely. By the way, Dano in the comments, genius. Who's who's sending take her
sign ony get it Stony anyways. You can launch it on pump dot fun on a on a new spaces. Speaking of which, perfect segue to where I want it to go quickly before I go to you, Tyler, for you to explain Mendo, you know, since we started this show together, how do you feel about FOMO while we're streaming live on Pump dot fun? Are we streaming live on pump dot fun? Not today, but there is a new streaming they have just like discord stages, like clubhouse spaces, there's pump fun stages now.
Tyler, talk to us about that. Yeah, I mean it's they basically have launched a Twitter clone. So they're, they introduced stages, multiple people can live stream at the same time. Anyone on the stage can screen share, they've got voice chat and more. So basically it works just like a spaces. So you have to have the dev launch the stream and then to get people on the stage, anyone can request to join and the dev can invite them up onto the
stage. And from there you're just joint streaming, just, you know, like any other streaming app and it's the dev leaves the stream, the stream and dev can dev still has control just like they do on the spaces. So it it very much is just a space's stream clone. And to answer your question for I guess 100% we should do a pump fun spaces. At some point, why not? If we can find a way to stream this into, I'll ask Sims when he's back. He's going to be back on Monday.
Like I'll ask Sims to figure it out. But if we can, if we can stream live on pump fun while we're streaming live here. Hey, dude, it's just another Ave. What do you think about that man though? You you, I mean you're, you're a pump fun dev yourself. I don't know, I I think it's quite a lot for them to become like their own streaming platform at the same time, but they seem to be keen to do it. But it makes sense though, right? It makes sense for their niche, right?
So I think we we saw the meta where the late night, you know, demon hour spaces were just people launching pump phones and like CTO and them, right. So now I can see some of that segment move from Twitter on to Pump Fun. It seems like some of these streams are going kind of off the deep end they. Are. Like they're going a little too far. I didn't partake in the whole like, crackhead dev stream because yeah. But that's the only stream you want to watch. I guess that's what I'm trying
to say is like, I'm not going. It's not going to replace kick or Twitch or any of the other thing. The only thing you're going on the on the punt off fun is to hear about some crackhead dev. I mean, I mean I would have. Watched. I mean, people watched 7000, people watching Tyler and I streamed Elon Musk and Trump debate live and betting on words.
Could you pump that fun we? Weren't betting on pump fun, but I was buying pump funds at the same time getting reactive course and then I was bidding polymarket. Like I feel like there's and I would say I don't want to push that too far, but I feel like some creators can like push this to the extents where like they're buying like soul Jakey, right? He kind of been doing that like
he was on pump funds. I'm not, I'm not saying that content doesn't work, but it's like me saying should open C it become a streaming platform. Well, you know what? Maybe that would have saved them? I'm just saying, I just don't think it's, it's not their need to be their core business. Their core business is making
$2,000,000 a day launching. Shipping, I don't think it's the core business, but I do think it accelerates that core business to get the attention sucked into the platform, right? Like at the casino, right? You're in there, there's no clock, there's alcohol, there's restaurants. They don't make money from the fucking restaurants. And the Jack Daniels are serving you on tap, right?
But I, I think this is in line with what they, where they want to go. Like they, they want to be one stop shop with respect to like social media and communications around their coin launches. So like they're they're not going to displace like your standard Twitter space over in the pump fund, but spaces that are talking about pump funds and meme coins going over there, I think could they could displace
those. But whether or not it moves the needle for pump fun and like daily volume like I don't, I don't really know that it does. Yeah, and we'll see. We'll see, we'll see. We'll see that. And and then that was some news. What else, Tyler? What else you got in store for us? Today, those were the big ones, trying to think if we had anything else. Yeah, that was really it. Phantom just makes it. I mean, Phantom just continues to to dominate with wallets. Dude, they have Apple Pay,
credit cards. It's just getting easier and easier. What's with the legacy crypto brands not giving a fuck about UI and UX? Like I I love Madam ask, I love the Madam ask team. OK don't get me wrong here. Like it's not personal. What is with these legacy crypto teams not caring about improving? Or maybe they care, but like if Phantom is doing it, surely it's not that hard to replicate, right? Like I don't want to assume that's easy to do an UIXUI change when everybody's using
your platform. But like if someone else is doing it, why is it so hard? Like that's something that frustrates me in crypto. Do you guys know why? Like the for example, the UI update, that Metamask, it is arguably the worst update I've ever seen. You know the thing with the activity, you have to click again. You have to pop it up just to get to block explorer. You have to click like 17 buttons. Like do you guys know why? Like why do we keep doing that to ourselves in the space open C
sane? Maybe they feel like they have more to lose. You know they had, you know they had like a don't. If it's broken, I'll fix it. I guess, yeah. I don't. Know. I don't know. I don't know either. It is consistent though. It's a consistent thing. I I don't Yeah, you're right. You're absolutely right. I don't know either. Anyways, I just realized I actually didn't prepare the loot box, so I need 5 minutes. So please figure out a topic to
talk about for 5 minutes. I got carried away in this conversation in this show today. A lot of stuff. So I need to. I can rip a little bit. I think. So one we talked about Magic Eden yesterday and the token launch, but what I missed was that they rebranded it. So originally that was their token was going to be ticker NFT, yes. And now it is ticker NE and it seems like there is actual meaning to that. Like they they are looking like they don't want to be pigeonholed as an NFT token
there. There's a direct quote here from their foundation director, Matt Cynics in conversation with Decrypt and I'm quoting here. We want this to represent something greater than just NFTS, especially if down the line we adopt protocols that represent fungible token standards. That doesn't mean we're not bullish on NFTS. So I think that was an interesting twist to all of this. I think we we broke down the news mostly yesterday again, you're going to have to have the magic Eden wallet.
It's available on iOS and Android. Seems like they're running out the the blast playbook. So you're going to have to have that. You're going to want to link your all your wallets. So they have the option to link across what unisat X verse. I think meta masks phantom. So you you'll want to connect, you know, Bitcoin, Solana and all that to, to have all your diamonds in one spot or perhaps. Keep them separate.
I guess that's up to everyone. But now we're just waiting on the win, you know, when is this thing going to come? And I was looking back at their six month numbers and they had a massive lead on the six month. I mean they had 10%. That was mostly ordinals tomorrow. Mostly ordinals, ordinals and Solana. So they basically they've been winning Solana, they're pretty much neck and neck with Tensor, I think slightly ahead and then dominating Bitcoin. Dominating Bitcoin.
I don't think anybody shops Bitcoin and ordinals on any other platform than Magic eating right. So I think part of that success continuing is is likely dependent on ordinal success. So how do you feel about ordinals here? I've, I've seen a couple big node monkey sales over the last couple of days. Puppets are up today again. How do you feel about that in general? Well, here's the thing. We might see a bit of the farmer pump, right?
So so now we we think that the Emmy token launch is closer. It's easy to forget about farming or trading in a tease when you know when it's not top of mind.
But you know everyone who got those diamonds, you have the ability to unlock 200% to 500% more by by bidding by trading in a tease on match Eden. So I could see a spike in activity primarily on Bitcoin, perhaps on Solana and we started seeing that it's a small sample size, so don't get too excited, but ordinals were up three to 10% across the board. Solana NFTS. We saw a lot of green on the Solana board. So it was a lot of smaller, like lower cap projects. Yeah, it's like the Catalina
whale mixer is up 47%. I. Don't even know these projects. No, I minted the shit out of that. I actually stole the Catalina whale for $55,000. Peak Solana NFTS. You know The Who I think it was totally actually, I had listed it for 500 soul back then for the longest time. And one day I see the timeline like it going viral, the tweet, and I'm like, what? That's mine. And I had listed like six months prior. That's wild, yeah. Actually. Shout out to you that. Was like NFTS on sole though.
That was like 2021 sole NFTS. OK, yeah, now I remember those. Yeah, yeah, these guys are chopping at 35, mad lads. SMBs are up slightly, so could give them a little bit of life. And then I mean, Ethan FTS, they kind of chopped yesterday, but going to close a pretty nice week. Everything's up 7 to 15%, kind of holding at 27.5. That's good. I'm expecting a whole lot of action this weekend. Mando, how's our how's our drank? I'm one minute away from
finishing this thing. How's our drank points going? What do you mean? How's it going? How you guys, how you guys doing on that front? I. Think we've hit an all time high for people on it. We it was it became the official sponsor of wrecked radio this week. Got a bunch of on the back of that. Yeah, I think it's going well. I think it's going well.
I absolutely love to see this. And then last question for the both of you, as we head into the weekend, like I asked every Friday higher or lower on Monday, oh, you guys always stress out of that question. Yeah, I'm going higher this week. I'm going higher. Higher this week. All right. What do you think, Mando? I'll go with lower. What? Damn it. Only in the short term, I'm not bearish anything.
If we're going to bet what I think this could be higher or lower, I think it's going to be because it's just one of these things where like people will start freaking out over the weekend because somehow rates are going to go lower. And then people will say, oh, there's like 2008. This is just like COVID. And it's nothing like those sort of times. And then on Monday, we'll probably rally back. Just don't buy interest getting out of this, this tight range. That's basically what I'm
saying. I like that. Listen, I I like that. No, I must sit on my hands. I'll decide. I'm betting on football this weekend, so Manchester City or Brighton Albion anyways.