Ohh yo-yo, yo, what's up? What's up? Good morning. Good morning, GFG. What did I? What day is it? Wednesday. Hump day. Happy Hump day. January 10th, 202344444. Look at that. Another beautiful day to have a beautiful day. A big day. Hopefully, hopefully today is the day we get a real a real 1A real estate ETF approval. OK, the only ETF to ever be approved twice in history. OK, per Michael Saylor, I got my co-host in the house, Joseph Meadow. How you guys doing today? Good.
How you doing? What a 24 hours? I have to say, I had an immense migraine last night. Like, it was really bad. Like really, really, really, really bad. It's that's how intense it's starting to get. It's a lot. I I need, I I need the I need the CTF stuff to be finished. Right now. I needed, I needed over with. I I need it to be finished. I need I I'm. I'm over it. I'm tired. I wanna get. I I need this approval now. What is it? I need prices to go up right now. What's that?
What's that? What's that? Pasta. I need approval now. Every every day. I check Bloomberg every ratchet prove Bloomberg ETF not approved. I I refresh not approve I go to sleep. I wake up not approve OK I go to bed I I I go I go to I go to I go to sleep I wake up fake tweets you know it's a it's gone it's gone a little bit intense it's gone a little bit intense here for everybody but but it is what it is.
Hopefully today is the day that everything goes down and one of the last days we we bother you all and break your ears with ETF. However, although tomorrow we have a massive yes when it comes to ETF stuff so I'll be great because tomorrow's day that's supposedly going live trading. Anyways today on the show today, today and it's yes if you were here earlier on on the show you you heard us in the back studio
unmuted on purpose. So you guys can hear how I get bullied by by Ovie and Mando everyday when it comes to my trading today on the show, today, today. So let's see what seems got for us today. So market report updates and moves as usual. It is ETF day, so exciting apparently 4-6 PM same as yesterday. It should be the approval time going up, SEC X account gets hacked, compromised.
Yesterday we got a tweet saying that the ETF was approved, followed by a tweet by Gary Gensler saying that it was not approved, uh followed by you know went on live on Twitter spaces, blah blah and it went absolutely insane. I mean you had the the Bloomberg boys actually fell for it too. You had a quote tweet by Eric saying boom and I was like, no, I was just waiting for them to to tweet it out because that's like my sources to be safe, we all got fooled.
So when your sources get fooled you all get fooled. NFT check-in there's an NFT another ex copy burn unhappiness. A lot of stuff happened on the Bitcoin eco Simpson node monkey like food and stuff happened on the on the ordinal side there's a lot happening on the NFT so we will do a check in because people like to check in yesterday so let's keep it at that.
It was good it felt good and also talking coins getting boring man I love I love NFT gaming checkup gaming check up I saw that battle plan is live on art and there's a bunch of stuff happening on the gaming side. Ohh wow. Look at the market go OV must be Ovi is happy right now. Movie is happy because he is right.
So we're gonna get to you first actually today with making you highest just now and special guest on the show Today we have the head of public policy at Ledger set Seth Heartline joining us. Ledger who is of course our title sponsor of this show formal hour that is powered by Ledger. And so without further ado we have a lot of stuff to catch up on. We've had a hectic 24 hours when we go to office, The Market report brought to you by Rogue Radio.
What's the word? Umm yeah the the the prophecy was told and and now it seems to be playing out but yesterday I think we got a taste of price action from like the fake headline the whole thing was probably manipulated. So it's tough to really judge but what's clear is that people are the market is expecting a an approval today. They thought they had it yesterday and the price reaction to it is actually Bitcoin selling off and that seems like lots of ultra selling off as well.
And Ed is the thing that's rallying in my opinion. That is what I personally been talking about for the last few days, which is I think once the Bitcoin ETF trade is done, people will go for the ETF trade. And you know, as we said, I think if there's tourist capital in Bitcoin for that and for nothing else, it's only very natural for them to then move to earth once that gets approved. So I think that's what we're seeing right now play out.
It's a bit of a funny one because, you know, I personally, I thought that you would see ETH Rally versus Bitcoin, but I thought alts would also carry on doing well. But it seems like it's just eh, that's doing well and also selling off. So that tells me there isn't really well, hasn't really been a lot of new at all enter crypto yet. It's mainly people.
It's mainly all of us moving our funds around for me to Bitcoin to Seoul. And it's just like this game of hot potato, which isn't really a great sign to be honest with you, because it means there's not enough capital encrypted right now for the entire thing to rally. It's just like different outperformance at different
times. Um, the hope is that when once the Bitcoin ETF is approved and once it starts trading, that will bring in a big slug of capital into crypto, starting with Bitcoin, which I think will then trickle down elsewhere. So that's our real hope. And you know, if volumes disappoint, then I kind of think stuff's going to sell off.
I mean, obviously stuff volumes point, but if volumes you really well, then that's our best chance of like everything rallying in more of a unilateral fashion rather than just like one thing going up and everything else going down. But yeah, Etho's the the front runner today. And as of last night, Really. Um ETH Bitcoin went from, I think, the lows of 0.048 yesterday, now up to 0.054. So that's almost like a 1213% swing.
That's a big swing in that even sole E like Sol ETH so 0.44 I think yesterday that's now down to 0038 so that's had a big move to the big question is like will you hold on to these moves like we've had a couple of attempts of each for each of ETH trying to break out and then it kind of just like fills out and if we go back to normal again So it's still going to be a show me
story. I think people will still be cynical of it, but you know the difference now compared to before is you will have, you should have an A Bitcoin ETF approved and then people will be looking at the ETF and can we really see the whole thing play out for Bitcoin for Earth like it did for Bitcoin all over again? I think there's a good chance. The other thing to mention is betas are also running as well, like optimism is up. Yeah, it's all the top gainers. Last hour, All ten of them.
Meme coins are up like stuff like Pepe. Probably the main ethos up and just as how you saw like soul and soul pieces rally, you know at that time in like November October you could see the same thing with ETH now as well. Like it's natural for people to be like oh sure I want to be
it's going to go higher. But if you only have like you know a small amount of capital capital to play with, you're probably gonna be chasing some of the better because you know you don't really care about making 20% on 500 bucks or ground or whatever you're trying to. You're trying like 3X or 4X that money. So I think we'll start to see a bit of a deeper risk bid for earth if this price action continues.
And my view has long been that that it will and this is the timing for it And we always thought we would see the lows of ETH Bitcoin on the day of approval. While we may have seen it on the day of the fake approval, today is the day three it seems to be playing out. Questions for you OV how? What? I know. I mean, yes, it was crazy. Like we we we went into the sweater spaces right away. I originally just made aware space to celebrate their
approval. Uh, quick 180. I have to say the roller coaster of emotions that I personally went through yesterday on a stage with 3000 people is insane. I went from high like you see that Bitcoin chart? That's my emotions. If I had a whole band it would tell me to chill out. But movie, I want to ask you because you were on there yesterday and my question to you was and I guess maybe now we have time to sleep on and see the market. What do you make of it from a trading standpoint?
Someone, right, you saw Bitcoin go to nearly 48 but didn't go to 48, kissed it though down to 45 KA little below actually this morning and eh on the back of that was just printing, got candles in 50 minutes on the 15 minute chart. What do you make of this price action versus today? Has this kind of like ruined the ETF pump? Do we think now that it's even more pricing or the other? OK, now people are underestimating Bitcoin. Like what? Where does that put us for the
ETF trade tonight? Because that's gonna happen between 4:00 and 6:00 PM. It's it's definitely ruined the surprise factor of it for sure. I think like you know when that initial headline came and you were like, Oh my God. And now that it's happened, when it written that now when it comes, I think we're going to be like ohh well kind of already
went through that motion. But it it kind of depends on like what your view is like maybe there are some people out there who still don't think is going to happen and are taking yesterday's actions as like oh it might be delayed or it may still now I'm definitely won't happen. And in that case I think it's going to be more powerful.
And the other thing is like I think it's kind of good like you know Connor is falling from a high of 48 K but you know it was around 47 for a long time, more way down to 45 K So it's kind of good that we've already seen that price come off before the approval like and you know that once again like we had a big leveraged wipeout last week where we had another 200 million or so in liquidations yesterday like both longs and shorts
probably. So like it's you know it's really, really, really cleaned up positioning going into you know tonight and tomorrow. So part of me wants to say the market showing us hand in that umm you know it feels like it
wants wanted to sell the news. The other part of me thinks that well we maybe we have sold the news and maybe there's a little bit more to go. But I do really believe that we will see a strong volume day tomorrow and I think whatever gets sold down and maybe we go a little bit lower from here, whatever gets sold out, I think it will consolidate very quickly and I think we will bounce off that very quickly to new 12 month highs for Bitcoin and the rest of crypto.
OK that's uh that's that's that's a that's a that's a good take. I mean look you know credit what goes with credit is due. We do troll over a lot on this show. But you know he he he laid down the plane. He laid down the place since since since ETH hit. Sorry Solana. That 125 you know pico top there. Not that's not gonna go back there. But it's just like momentarily. You were talking heavily about this this rotation towards ETH as we head into the the Bitcoin
stuff man. What do you what do you think here? What's your, what's your, what's your, what's your read here on the market today and what should we be expecting here with with ETF approval coming in around 4:00 to 6:00 PM tonight. Um, I yeah, I think we are. We described it well, like what? What happened? We just got a taste of what would have happened if that had
actually been the the approval. And then once the cat was out the bag, it like had to continue, even even if it was all denied and all that sort of stuff. Everyone kind of guessed now what? What was going to happen? You've seen, I mean this time literally yesterday ETH BTC was hitting A2 or 2 1/2 year low. It's now moved 13% versus both Bitcoin and Solana in that
period. I mean, I said on the show a few days ago that that, yeah, like if if we get good volume for the ETF, then then people can really get behind that narrative. At the same time, like, I still think everyone who's long EVE doesn't even quite trust it yet. Like still think we need a little bit more time to see this this gets sustained because.
So I'm not sure if I'm the sort of person, and this was even the case yesterday, like I'd rather wait for the retest of that trade and by that then maybe even by the initial one. You mean? Like ETC. Like I feel like it doesn't it doesn't just straight line up right like I think you'll you'll see a retest that's why like right now after that move I think I I think Bitcoin is going to 50K like in that world does easily go to over 3K.
But I think yeah right this second I've been buying Bitcoin but the but I I do think yeah that that you're starting to see. What I do like about this is yet ecosystem is rallying but really it's earth right. Like yeah, Arbitrium's moved and but they've kind of moved not that much dissimilar to how big earth moves. So that's kind of what I wanted to see is that it wasn't just it wasn't just ecosystem ETH itself.
Remember like 2021? It was like ETH actually rallied and you like you were annoyed that you you spend your ETH on anything else. Like it was like fuck, why did I buy this or this. It was like it was like how you felt with Bitcoin this cycle it or for the last like 6 months. Is that like you fucking should just had Bitcoin?
Yeah No. And I feel like that's what is one thing that is good about ETH right now is that suddenly everyone's like yeah you could have bought Arbitrium today but like really eh would have given you a similar sort of return.
So I yeah I like that right now and that it's not just the ecosystem it is just ease that that that that is a good sign I think for for FOMO like I said right this second after after a move like that I've been buying Bitcoin because I think I think if if right now you were to hear Bitcoin ETF approval I think what might happen is ETH rallies and then dumps as people realise that you know ohh fuck actually like that trade happened and
like you've just pushed it to like the edge but that could be a temporary thing it could be a medium term thing. I actually think that right now Bitcoin ETF approval is is bullish for Bitcoin. If that was to come out right now I do think that that that would that would be the move here. So that's the trade I've put on just as it migrated lower this morning. And then I like Solana where it is right now. This does feel like a bit like a it could be a wagging season.
But I I do, I do feel like. That Ohh, are we calling for waggy season here today? Is that the call? I like it. You know I'm here for it. I'm just saying like I I think after this retraces some of the big ones, we all needed earth to move. Like we've all been like for fucks sake like this there was a really good meeting yesterday which is the heaviest objects on earth and like Earth was the most the heaviest. It was like it's been frustrating. It does a lot of things. Can rally eat them?
Rally Earth is. You know, is blockchain to a large extent. Like is really the centre of crypto for a lot of. People, he says. The future of technology and everything. Like it's it's literally like I'll always see it as such. No matter how much I fought the price action, it doesn't matter. It's the future world. Builder activity, it's dominated. I think a lot of the ERC 20 world was all built on the back of it.
That has changed over the last few months, but to a large extent like everyone came, lots and lots of people came up with the ecosystem that ether built. So like to see it start to take the lead I think feels good for everyone, everyone out there. So yeah, I think this is this feels a little bit like wagging season to me. I. Feel like there is so much money locked on Heath, right? I'm look, the TV out doesn't lie right.
We're on defi llama right now on screen by the way we're live on video for those of you that usual suspects uh you know there's 200 something people watching us on YouTube and on X so we've posted broadcasting on formal hour myself in the highlights everything and we're live on the rugby YouTube as well as ex audio as usual. So you know like I was replying to beating earlier like he's saying you know people are like so people are are sobering 4% rise on ether.
I don't think some people don't realise that 4% of like a $200 billion asset for solves a lot. But there's also like mental like there's a lot of money on you. Like you know how we say like Ohh bitcoiners have all the money? You know, like when you go to Solana? Like people like Ohh ETH whales are coming. Like there's a reason why people are say that like if people like there's a lot of money locked to eat whether it's ETH and the ecosystem.
So like naturally when ETH runs and if it goes to 3K everything's gonna go haywire. I think 2021 style. I mean, ohh, you probably agree with that given that you've been, you've been, you've been, you know, obviously like you know, talking about that for a minute now and and I actually have to say I love that tweet saying that you locked your money on blast and you had no choice but to hold it, which aged pretty well. So that's great. But it seems like the top gainers right now are all
ethical. So you have Lido, outcome, optimism, maker, synthetics, Ava, uh, even theorem. Classic, even the classic is up eight points right now and a lot of the other, a lot of the other stuff is going. So I guess we'll see. One thing I have a question for you both here is we can't really say we've seen the the ETF trade go down because as soon as it pumped, we got the Gary Gensler tweet saying it was false. So you didn't really, We didn't
really see the real legs it had. Yeah, that's that's true. What I would say is what you saw, what people really took away from that was what happened to the ratio. Because once that was out, that cat was out of the bag. Even on the denial, everyone was like, that's what's going to happen when the real thing happened. Even if the, you know, the the Bitcoin price moves up and down like people were like, oh, people are going to rotate here. And you've seen aggressive rotating like in terms of
futures, open interest. A lot of it has suddenly just moved to eat, like if you go onto Cornelius for example, like the you've seen a 20% rise in open interest and a 5% fall in Bitcoin open interest. To put in perspective though that that makes it 8th open interest kind of half of what Bitcoin is right now which is wild given that you know Bitcoin is is is 3 or just just under or just over three times it's it's market cap so. It is literally half.
Yeah. So it's it's been a big move up in that that's again that's something to think to be aware of if you're now going to chase this like that's that is a big move it one day move and he's BTC for these two assets a big one day in a lot of these things. So like be aware of, you know former FOMO going on something like that but at the same time like it's also been down only
for a long long long long time. But yeah it's you've definitely seen some some some money rotate which is which yeah it's maybe it's healthy for everything you know it's good it's good to probably is a bit of a wag me. Season I mean I think 45 K Bitcoin going into a going into this ETF definitely better than like if it was like already 48 K plus you cannot be worried here. I don't know that's just how I see it. But like very left curve trading here.
Ovi Any, I think. Did you want to chime in here? No, nothing. Nothing to really add. I think I do agree. I think like be careful. I think ohh always tell this for work. But I think like be careful about like chasing the next hot
thing in this bull market. Because I think you just want to avoid like when something goes down you like and something else goes up you're like oh fuck, like I need to get on the thing that's going up. So then you sell what you have at a loss to buy the next thing at when it's already rallied. And then you just keep Because Right now. Yeah, because right, right now it just feels like a hot potato
thing. It doesn't feel like everything is moving up in one go. So when that happens, it just means like capital moves from one thing to the other. And unless you're early to it, it's kind of like it's not really that different to like buying an NFT project because you're just seeing it show by influencers and as soon as you buy, it goes down because they all just dump and move on to the next thing. Like that happens at a level of like of crypto majors, It's just like in a different way.
So I think I'm, I'm wary of that and like my personal advice to everyone out there, like find a few things that you really believe in for this cycle and you know this cycle. Everything will go up this cycle, like everything will go up and you don't have to get like hell bent on chasing what you think will be the best performer.
I think that's a tough thing. You just see you see something go up when what you have goes down or stays flat and you're just like fuck, like everyone making so much money on that thing and then you know, inevitably you get and it happens to everyone even. Honestly, yesterday I was like looking at someone and I was about to like pull the trigger on like selling some, selling some stuff.
And then I didn't. And I was like, fuck, like that literally would have been absolute, like absolute lows. Yeah, like and just like that's just so fucking classic. Like when you're about to throw in the towel, something just fucking, it just turns around like that. And so I think, like, it's just a reminder like, you know this, this cycle will be along, you know, cycles don't last a few
days. It will be for the pole year, hopefully longer and just have to be a bit patient I think and have some conviction in positions. Absolutely agree with you. So with that, so yesterday quickly the news then let's let's talk NFT. We have the guests coming in about 15 minutes ish. And I know we have to talk more stuff with with them about all this stuff. So the SEC, that was a big
headline yesterday. Uh, the big headline yesterday that that the SEC's account X account was compromised And turns out not only that, the SEC. You know, I think they used to they were using SMS Twitter, which not supposed to use, but turns out they didn't even have any two factor authentication on their account.
Ironically, you know X users dug out a bunch of tweets from the SEC and Gary Gensler himself, notably from the Cybersecurity Awareness Month back last October of the SEC teaching people how to use two factor authentication with two a Google authenticators and passkeys and hardwares. And also you know, inviting people to be very careful with some swaps. Ironically they're the ones who
were victim of that. Clearly proving that the governing body responsible for protecting 100 million American consumers was not so careful when it comes to protecting these same consumers here, I I personally speaking, I was very vocal on it. We ran a very big large Twitter spaces yesterday while everything was going on and I think it's pretty pretty poor form here on our Gary Gensler and his teams form given that on the on the cusp of 31 of the
most important ETF approvals in the history of TF, if I'm not mistaken. Right which is which also has a lot of money involved. So you can read here decrypts headline The SEC on Twitter announced investigations into fake Bitcoin ETF tweet The Regulatory agency says it has terminated unauthorised access to its Twitter account per Ryan
Ozawa here. So there's just one tweet spark chaos that read the SEC has determined that there was no sorry that's that's not the tweet that sparked chaos but there was a it's Gary Gensler you know brought out a tweet saying that you know that he was a was a compromised and I have to say I invite everybody if you want to have a good laugh you having a bad day just go to the quote tweets of that one Yeah. I think you have a I think it's going to turn your day around.
Crypto Twitter does not stop. I mean trader SD coming in hot with 300,000 views on the reply bro. Forget worrying about crypto risks. Sort out the two FA on your Twitter first, Greg at this point is fairly obvious. Garry's just farming at Revenue, You know, That was a great one too. You have what, you know, Autism Capital with that. Well, what is this clown world? You? I mean, everybody was just your Joe.
Everybody just came. Everybody just came at it with some pretty harsh words on Gary and his team. But you know pretty rightfully so if you ask me and the quote tweets are are really good for anybody who wants to have a good laugh from. Of course I'm just gonna. I'm just going to show some of y'all some of them here but it's actually crazy and you really can't make this shit up. There's some senators out there normally Bill Haggerty, Haggerty calling for accountability on the SEC side.
So there are investigations launched on on that at the moment, UM across the board, UH about regarding the the SEC and what happened yesterday and we'll see what happens there. But it's crazy. I don't think you guys have any different takes and I have, unless you want to double down on that, but it's a it's a pretty poor form here on the SEC side. He just looks like an idiot, right? He's just like such an idiot.
And they might like there's going to be civil lawsuit I'm sure now against this stuff like this is this is kind of bad for the SEC to have this happen like I have any any single agency you could be like oh if a company had this happen it's bad but if like the the thing that's meant to be regulating the things to not to to have this sort of two FA on like they can get sued pretty easily I think here. So I don't know, I think. I think this could be this could be really bad for.
Him. I read, I read something about how when there's like a breach that like moves Bitcoin, all that kind of stuff like it has to like be investigated. It has like there has been a SEC investigation. Yeah. Like they have to like, like investigate securities laws. We're talking about. There's basically have to like, have a mandated investigation on themselves, yeah. That's literally it. That's literally it. I mean I put a poll out yesterday. I'm going to pin it to the top
for people. There's 1000 people took it already. What would you have done if you were the SEC hacker? I wanna ask you guys Approval tweet plus long rejection tweet plus short attack the odds. So like you know, OV style, say like yo we're coming after Solana and all the other alts and short them and then uh post a drainer link. What would you have picked? I'll go to a first Which one of the four here would you have
picked? I think I would have posted drain link because just like it would have been so funny, would be like here is like the SEC is like inaugural NFT meant to celebrate like the upcoming victory. Question for you, How many how many board have sort of been lost in the transaction? Then hurry up. There's only a limited supply of 300. Head over to sec-gov.org. Do you know what though? That would be. The best. Celebrate to celebrate their BTC ETF approval we're launching an
ordinal collection right. And so Amanda, I mean, OK so over what was the trainer link, Amando, which one of the four would you have picked had you been the the the the EC hacker, SC hacker? I mean, if you posted a rejection, I don't even know where Bitcoin would have gone, like it could have hit like 30 K like it would have been wild. So I think in terms of money, that one. But yeah, in terms of just for the fun shit Coin, a shitcoin would have been pretty funny launching Gary Coin.
Get involved. Like, send it to this wallet. Address this OK, you're full. Bend dot E takeover. Yeah, it's so good. I mean, look, you know, I have to say people's Everyday yesterday was spot on. I mean people are so good at this. He has the nose and the puppets on there. I'd love to see it. But you know he has Gary. Vee. Gary. Sorry Gary. Gas. Wrong Gary. Wrong Gary. By the way, do you guys know any other Garry's?
The other day I was looking at I was trying to make a list of Garry's. I know don't ask me why. And I only could pinpoint 2. Garry's Gensler and V Do you know any other Garry's? Gary Neville. Yeah, Gary Neville. There's quite a few footballers there. I mean you guys from In Your End there's a lot of Garry's, it's very British name though. Yeah, it's very, very British. It was, but it's it's famously like get it becoming. Extinct. Yeah, I have to say another credit.
Kudos here to the bank intern. Pinch me two FA always hilarious. Love that. And then and then this was really the tweet funny Jack Dorsey on Monster went and post that there was no way this is a hack. Obviously I was farming on that had to. It was big farming day for me yesterday. And then, but then this was the tweet that really I find hilarious. Here let me find it was this one. Careful what you read on the Internet. The best source of information about the SEC is the SEC.
Clearly not. Clearly not. And I think that this is one of those situations where like the ECB deserves to get clowned. And I sent you guys this earlier today, but there is definitely some people, some Congress people, congressmen and women, uh, looking into that. And again just is how much longer is Gary Gensler do you think going to be in, in, in, in, in position here?
Is Senator Vance here breaking centres JD Vance, Senator Tom Tillis demand explanation for the SEC's errant announcement of the approval of Bitcoin ETF. It is unacceptable that the agency entrusted with regulating the epicentre of the world's capital markets, while local error like this is arguably one of the most the worst mistakes. It it be like if if like the White House Twitter account got hacked, like they maybe even more because these guys are entrusted with like money,
right? Like they're entrusted with. Trillions of Huge, huge market. Millions. Right. Yeah, yeah, easily. So the concept that they they wouldn't have two FA on like I like I have two FA on it's like I have like I'm sure people with no money have two FA on the fact that they're entrusted with that is just is wild that they didn't. Yeah, I mean, she had to ask for kind of like bringing that light and confirming that the SEC does not have two FA. For what it's worth, X also has many flaws.
So I do want to point that out when it comes to security and I don't understand why when you have a great badge which is the government badge, you don't have a force USB key authentication. You know, I mean like they should make it that like if your government body of any country, you know they have a great badge right Gary Gensler and DC and stuff on Twitter, they should enforce security on there. Yeah, they should. They should have at least enforce authenticated 2FA, at
least in enforced. What the fuck is this? Hold on, what is with this like MacBook Mac OS update anyways? Um, so it's just crazy to me that on the X side a governing bodies and forced staff to FA. So it really goes both ways here and SMSF should be removed from all social media platforms as a whole. They should just remove the option for even you guys me to have SMS twice.
So last reminder here, God damn it, stop using SMS to FN like or else you're just going to be made fun of and your goofball. Anyways moving on to the next. Sorry for the harsh words but it's just true, you know, it's just shouldn't be doing it. Moving on here to the next topic today that we have is NFT check-in, NFT check in and then we had a good conversation about NFT yesterday. The people seemed to like it and I think we need to talk about it more.
I haven't been following really what's happening on the on the X copy side. He opened a quick little burn window not long ago, closed it. I think it was very quick for the what's his open edition called again? Movie. Max Payne Max. Payne and now seems like there's another burn window that had opened clear for an EX copy piece for three hours, which you know obviously is now closed. So there was a window to open to burn certain NFT's and pay a price.
So it's one Max Payne in Friends and You Pay and and for a total of addition of 250. So it seems like xcopy has been playing burn games with the Max Payne for like smaller additions the second time. I don't know if you followed that though. Yeah, he does this a lot. I think he's. Second time he's done it for Max Payne already. I mean, remember how much money he made from Max Payne? Was 26 mil.
It was something insane. So I think he does, he does feel like he, he wants to protect that as a collection. I think that's great. Like I remember someone spoke to him directly after he did that and he was like, I don't really need to work again. Like I'm just going to put out one of ones I like and and like do this sort of stuff to protect. I like that. I think it's great. I think it's really awesome and and it's it's really good to see.
In other news, I have to say, OK, Open C launched the wallet yesterday and not a soul, not a single individual in NFT. Twitter talked about it. I understand it was SC stuff going on. But it's man. I know dude, that's where I just found it. But but, but, but point being like it should go to Shelly the fumble on that front from that company.
Because anything Magic Eden does, even if it's during the SEC fake tweets someone's talking about and right now the open sea launched a whole set self custody wallet right for its for its users look some major news which still news from the biggest marketplace in NFT Well I guess next biggest market but technically speaking normally facing the biggest one right? But But yeah so anyways, just an open centre S custody while it aimed at easier onboarding
guests. Started with just an e-mail address by crypto with her credit card and purchase an FTA with about yesterday. You know, stuff could sort of wallets. I think we're gonna see this become more popular as mass adoption comes in. You know, Kraken has their own NFT marketplace.
There are sponsors for a couple of months and we're talking about that which seemed to work pretty well for them thus far and I've I've seen the numbers for the Williams racing collaborations huge 10s of thousands of people have gotten the first NFT out there and then you have a magic heading that has been beta testing the wallets as well of self custody wallet as well And now open sea launching.
You look only wish the best for open sea cause open see the world from space but you know I just you know I just I just wish there was a little more coming out from that side. Don't mean to be too harsh on there, but that's that another news also picked up from my favourite minutes, the Kazama Ones. Uh, speaking minutes from the right Ohh, right, Right in the gut. Right in the gut. I take that from the Mando minutes. Make sure and subscribe if
you're not yet But Liga? La Liga entering the space with Arbitrium, it seems with our our favourite out too with our fellow partners meant Arbitrium is it? Not only is it flying every time he flies, but Arbitrium is just working hard. Man. You absolutely love to see speed at which we got to get the founder, cofounder of Arbitral on the show. That would be a banger. I'm going to reach out to him.
Super supportive person. So La Liga, for all the football fans here and soccer on this show is football, it says, launching on Arbitrium. You'll have to see. It looks like they're gonna be doing some stuff. I mean, what? What exactly is this? Have you looked into that? No, I mean, they've tried before. They've been a few different attempts. It's gonna be a game. It's gonna be a game. Obviously so rare have their own game as well. But yeah, League is coming out
with their own. Doesn't mean, it doesn't mean a pin to it, doesn't mean it's gonna work out. But again signals, right, just looking for signals. There was a point in time in Q3Q4 where all the big brands, the web, two brands cut their budgets out for any media and marketing. You know, we know that cause like we saw it happening in person like all the calls you had in 2022 and 23 people were like we don't have any budgets. They located from like the parent Co into the wet through
endeavours facts, right. And now you're seeing them slowly but surely you're just like pile back in into the space. And again like I just want people to know there's a lot of people to see on spaces today. Like this is signals that I personally as someone immediately look for and we tend to see the signals come in. So it's really good and you absolutely love to see it on the NFT front as well here. Bring up DJ's now and it's
beautiful. Now I'm going to bring up DJ's right now, so I need to get back in that we know what we didn't do NFT for so long that I lost the habit of of DJ. Look at this tab right. We can do everything now like on the first page you can see across. The first page. You can see across each Solana Bitcoin you can see the price changes what's what's been going like you can see right now only really Saga Monkeys has moved higher over the last 24 hours and Bitcoin puppets again.
But yeah, yeah, it's all dollar price in terms of the floor but and dollar price in terms of volumes. But yeah, you should be able to be able to see now across Solana Bitcoin ordinance at least and and. That's that is right. So let's go for DJ and quickly just do a little rundown and see our guests in the audience in the studio. So it's over the rundown. So let's start with here. I mean just right across the
board, right. Nothing to add from yesterday I don't think nothing, anything you know really moved since I saw quick crypto punk sweep this morning. So someone that thinks like a few sales on the floor like really just pure floor sweeps on the punks, great. This is a great sale in my opinion. The purple hair like with the with the beard punk clean 71 E here seems to be the the highest trading NFTS over the last week. Here have all been crypto punks aside from the rings fidenza.
So that's getting some momentum here on there with a huge Moonbird dump. I saw Van Goya tweet about it, but someone sold I think half $1,000,000 worth of numbers and I think it was a farmer. Now I could, I would love to stand corrected, but it seems as such it was it. Someone had dumped 2018 members for $596,000. Probably a farmer I guess at this level was, but Moonbird is now on the cusp of umm on the cusp of going under underneath here. Hard to say.
Surprising the gods now under threes. It hadn't really broken under threes. It was really stapled to that bored apes, you know, with everything happening. Also seeing some major uh, drawdown to 22 E it held 25 line for a long time. So that ecosystem is really losing a lot of momentum here in price action with a not my words, but per what I've read, underwhelming Other Side trailer. I don't know. Let's see it for ourselves.
So you know, I saw, you know, a bunch of people, well bunch of people meaning thread guy and and a bunch of people on the timeline seems to think that was a bearish trailer. Ohh bias aside, I don't see this first battle seems bullish either. It's just cool it's coming. Something's coming out, you know? I mean, they've been talking about this forever. It's gonna happen. You're buying based on the cinematic trailer? Then I think you're gonna, yeah.
You're buying but I'm also not selling based on the trailer right. That was 2021 activity and behaviour we'd leave that behind hopefully. So that happened on on earth. I think that's that's all we've seen and then we I'm gonna move on quicker here. The bigger news as it was on sale on on on originals I saw this tweet here. It was one of the actually main contributors to ordinals like one of the guys that like help
really create order laws. From what I'm understanding and no CB Spears here, this person is one of the main contributors to ordinals. Like one of the top guys wrote a whole tweet out about Rock Toshi who is the founder of Behind Node Monkeys, and immediately immediately saw huge retrace in Node Monkeys going from point like a 50% drawdown.
So I went to about .14 Bitcoin from a high point, 28 Bitcoin and then, you know, pump back up to about .17 five Bitcoin where it's sitting at right now, mind you, which is still a lot of money with Bitcoin at $45,000. That tweet garner 250,000 views and talking about allegedly, right? We haven't checked any of these news sources, but this is what's being claimed for about 1/2 a year.
Roche has been harassing me, attempting to blackmail me, and threatening to sue me. He claims to blackmail me with throttle exposing me, but is vague and won't elaborate. Look, rather claims are being made here. I invite everybody to make their own assumptions when it comes to that. I think we're all grown adults, so you can go right through South from looking to make your own decisions based on that. But that happens.
So that is the reason why on DJ ends again you saw this this drawback to .17 Bitcoin hash things and you meant that was yesterday I believe went back up and of course the puppets just garnering all the attention in the in the space right now which there's just so fun I have to say just they just they just crack me up And then the Bitcoin frogs which have flipped they flipped the again and on Solana which is what Manda was talking about planned thrusters on Solana phones.
Staying rushing it. Crushing it. Crushing it. Fucking phone. I mean, dude, wasn't height saying that doesn't be crazy trade. I didn't buy any really bothered about that. But you know, I'm happy for the people who did. I have a lot of friends who ended up doing it, so I'm really happy to see that. But the Saga monkeys, which is a what, a 20,010 thousand supply, they're like what claim for, for for Saga phone holders, which is
called the Saga monkeys. And you know those are 7 1/2, so on. So which is really the price of the phone? So. It's wild. It is wild. Even if you bought a phone at $3000, you're literally in the money right now with everything you got like Ben and new friend. I have a friend that bought it for three Ki think this past week and I was like, you're crazy.
I $5 No brainer. Set at 3-4 cows like, well, I don't know like should I just buy $4000 Solana or like 4000 worth of like Vagos or whatever the fuck collections on there or like a phone and plants or whiff or bunk you know, I mean like but clearly plant thrusters and dip buyers staying rewarded on the worst phone of 2023. If you want to hear more on that, we had a great episode on December 29th.
Raj Gokal, co-founder Solana who came on and also gave us a lot of alpha, both Solana going into this year but also we talked a lot about the phone as well. So last, last, last last thing before we go to global head of policy at Ledger here who is joining us in the studio was also on the gaming side. So Pixel Vault thanks a lot. They had a huge burn over the holidays with the planets which seemed to have been received very well for their like early you know, community members.
They've released their battle, which is a game dude, that was loud, Sorry, which is their game that went live on Arbitrium. Ohh, let's see how that happens, what what happens with that and how that goes. But there seems to be that which is also related to NFT's, You know, given that a lot of people have been, you know, holding these NFT since. 20 other big one Is I right? 5 billion. He's soaked millionaire. I don't know but. Like today, Yeah. Explore that.
I was like, wow. There we just see like one of our very own, uh, you know, friends, creators of the Night Show contributors just launch something that went to 1 1/2 billion dollars. Is that is that does that really happen? I haven't been able to really like, yeah, take it. Back. I mean they remember we we said it on the show a a month ago. We've been and there's the node sale, right? Like this could be a very big thing. It's right at the peak of the gaming cycle.
Like notes, this is how they build up your gaming ecosystem. I think, I think everyone in that node ecosystem basically already did a 10X right or something crazy I saw, I mean obviously knows that there's a difficult one to like PV, but I think we have, we know people who got involved who like crushed that trade. So yeah, we have, we have a a
fellow team member of ours. I'm not going to because they're like get into details but made a serious amount of money buying notes during Art Basel and just trust their plan Any ohh I didn't tell him you'll go buy nose like bought notes told me fucking like two later and yesterday the AirDrop that they received and it not only paid for the notes but they also got like an extra like $20,000 on top of it.
So it's it's really cool to see. It made me really genuinely happy to see something like that and even happier knowing that it's a friend of ours that has just worked so hard to do something like that. So we should do an episode with Sophie and Toby. Sophie and Toby. Toby Tobias was obviously co-founder of Populous and and because everybody hears a lot about Sobi but I think having his co-founder was like actually a gaming founder.
Chad could be pretty cool obviously like we're all advisors to expose always have been since like 2022 as a matter of fact. So for me personally, like, I love like having that time stamp of like believing in Sobi and like June 2022, I went back yesterday on purpose just to see when I was like, let's fucking go and look at back at in January 2024, four and just. Like what was happening in June Fucking 22 as well, like. 20/22 was at $800.
I think we we were brought on autumn, which is like literally around the week that FDX happened, I remember. Thinking you guys were brown and the year and we were born with these beginning of like mid year. Next e-mail we got from them was being like, FTX just happened, We're not going to do this on sale anymore guys. That was that was the next that was the next thing that I got. I was like. Wow. He's open about it, right? I mean. Oh my God. Oh my God.
Oh my God. You're not classic, Sophie is. I had done that. I would have been off the show cancelled. Yeah, but you cancelled ground out. Are you in brown Dow? You're not in brown down, so you can't say it. But you know, I have to, I have to say like, you know he literally talks about how they lost almost everything. You all all saw him florist punk, so that he could like sustain his fucking self during FTX.
That's what was comic story. So bear markets are meant to not only book like double down on people like that you think will be building through it, but also double down on your conviction beds. Some of it was a theorem Bitcoin a lot of people bet on. Solana got rewarded heavily 1000%. Congratulations. But for us for example, it's like betting on something soft and I think it's really cool to see that. So we'll have more. Anyways, Um, that's great. This was a really good conversation.
Let's go to our special guest today. You know also you know our show sponsors, Ledger, longtime collaborators. We've worked with them a lot over the last three years as a matter of fact and and glad to see that we have a lot coming. We have set hurt line joining us Global Head of Public Policy at Ledger. Seth, how you doing today? Good morning. When I got there, I How are you guys today? Doing well, doing well. We're little. No, it's it's a big day. And anything going on today that
we should talk about it? On the public policy side, anything. Yeah. Anything happened in public, don't know. It's something going on public policy. I mean, damn, it's been a it's been a it's been absolutely insane what went down. I mean what from from your perspective. I mean Seth, let me let me just kick to you. I mean you're you're head of public policy at a very important company with crypto. You've had to deal with your fair share of stuff over the
holidays. What do you make of what happened yesterday with with the SEC? Well, you know, what is there to say? I mean, it's just a fuck up, you know? And I know, I know you guys covered the, you know, the the account takeover and the and the false tweet and and and all of that circus, you know, it's not really a policy issue. It's sort of fun to watch. Not when you're when, not when
you're long. Well, you know, an interesting thing I saw and I can't take credit for this, someone else had a great thought and I saw, I saw the tweet the the spike and then the crater immediately after the the false tweet wiped out all of the leverage longs and leveraged shorts and it's sort of cleared the deck for you know, I think what everyone still expects to be to be the approval today.
So it you know in a sense it couldn't have gone better for for Hodlers just to to to clear out a lot of that you know a lot of that volatility out of the way and so now we now we have a sort of a clean market to to to launch from. No. Yo, I I, I absolutely love that. And so being like that you work you know at at Ledger and and you you probably have a, you know I'm assuming you have a deep understanding of like US and like global regulatory
framework. I kind of wanna ask you right it's funny because in the fake tweet yesterday announcement there was a fake obviously now quote from the reason why I totally fell for it. Even the quote from Gary Gensler was so well written like the way this was executed I got to give the hacker his kudos like that was really well done. There was a quote saying I'm proud. I'm happy to see you know the US investors protected within the
regulatory framework. Do you want to talk about the importance of having a regulatory framework in the United States of America with regards to crypto? Sure. And you know the and this is a very common misconception right. The sort of crypto opponents and public policy and and and Congress and and and throughout the administration various places including Chair Ginzer frequently you commonly hear this refrain of you know crypto is the Wild West. It's it's unregulated, right?
That that couldn't be further from the truth. Crypto is is regulated in a variety of different ways by a variety of different agencies at a variety of different levels in in this country all of anything that touches Fiat, anything you might call an on ramp is is regulated in every single state in which they operate as well as having to to register with the Treasury Department. Lots of other activities that that touch crypto in various ways are are are regulated.
What is lacking is a comprehensive market regulatory structure the same way that we have for securities. And and you know, so if you want to, you know if you want to take that specific slice and sort of say you know, because we don't have a comprehensive, you know, market structure regulation in place that the whole thing is unregulated like you know, OK, I don't think that's, I don't think that's big genuine, you know, but you know but I think that's where it comes from.
Now there is a bill in Congress called the the FIT Act that was passed out of the House Financial Services Committee at the end of July that would provide a a comprehensive regulatory framework for digital asset markets. Getting out of of the House Financial Services Committee is the farthest that a bill like that has gotten in in the US Congress. It's likely, I would say likely to get a floor vote in the House this year, but then that's probably as far as it's going to go unfortunately.
So the the the politics still aren't ripe for a bill to actually get through. So I think you know that the outlook is status quo more of the same and I think the only thing that could really change that outlook is, is the November
election. So what does the November election in your opinion bring towards like regulation around like cryptocurrencies in general do you think are you looking into it like in a positive light like obviously Bitcoin, TASCO, obviously, sorry after yesterday you don't know but looks like it's gonna be approved today within by 6:00 PM Eastern Standard Time potentially for trading tomorrow for Valkyrie. And So what do you think that means for the other products within cryptocurrency? Right.
ETH has been talked about us mostly as commodity not even security which is good within I think it was the New York judges and then but however a lot of the been talked about you know putting the bag of like securities. What? What do you think happens this year with like a coming election and everything? Well, I mean there's a lot of time between, you know, between now and November and you know the the in in Inside the Beltway, you know what we refer to as political silly season
really hasn't quite started yet. So that. Political silly season. I like that. Political silly season. So, you know, I I to me that really starts sort of after, you know, after Super Tuesday when most of you know the the the state's presidential delegates are assigned and so you pretty much know who you know who the 2 presidential candidates are going to be going into the fall.
That's really when it starts. What that means is we have a few months left of, you know, of sort of viable legislating time in Congress that that things can actually get done after political silly season starts. You know, no real attempts at legislating will will be successful. You'll see a lot of messaging bills that are designed to help you know people's campaigns and and then everyone's just sort of in wait and see mode, you know until after the election.
So we've got a few months left for something to get done. There's a lot of sort of heavy lifting must pass legislation totally unrelated to crypto that is going to take up most of the congressional calendar. So I mean my personal view is that the time, the clock is more or less run out for this Congress. You know, I I don't think there's a lot of opportunity for for for bills of any consequence to to really be considered. There's maybe a few scenarios we
could talk about. But, but my general outlook from you know, the start of the year is is that times up and and we're not going to see, well, we'll have to see the outcome of the election before we can see if if if any crypto bills have a real chance in the next Congress. And and let's say we have a let's say, I mean the odds are are now looking like it could be Republican, maybe even Donald Trump. Again. He, during his last cycle, wasn't really that crypto
friendly. No, I mean he dropped NFTS this cycle though. The. Reflections. Week he's doing NFT Shield videos. What's your sense of like the Republican Party in general? Like do you think that there is more a softening of an approach to crypto? Do you think this could be a A1 where we actually see some comprehensive regulation with, or do you think it's still too early for even even the Republican Party to come forward
with something? So I, you know you you talked about, you know the presidential and then and also Congress and there are two very different things in in terms of what what they mean for you know for crypto and policy. I think the most important thing that the sort of the crypto community should wish for and and should you know by through their through their votes attempt to make happen is is a
change in the administration. That's that's the White House that's the presidency and then all of the executive agencies they're under the the administration has become outwardly hostile to crypto to digital assets to all of it right and and and it's not just rhetoric anymore they're they're taking actual steps in a variety of different ways. It's not. It doesn't seem real organised or or you know sort of thought out. It's each each agency sort of doing things on their own
schedule in their own way. But it's but it's uniformly hostile, right. So the the best thing for crypto is would be for a change in the administration. Even if that means going back to a Donald Trump who is no friend right, but is is certainly less bad, less of an enemy than than the current the current administration. Congress is a different matter. It's a bit more complicated.
There are sort of friends and enemies among both parties in Congress, But if you had to sort of weigh them on balance, Republicans tend to be more open to digital assets than than Democrats. There are notable exceptions, again, on both sides. And, you know, we don't have the luxury of of sort of picking one side or the other. We, you know, we have to celebrate our friends wherever they wherever they are because they're they're few and far
between. But in Congress, my base case right now is that both chambers flip, meaning that Republicans take over the Senate and Democrats take over the House. That that would be basically a reversal of of where we are right now, where Democrats hold the Senate and Republicans hold the House both by very, very slim margins.
That doesn't change a whole lot. A Republican Senate, I guess, is helpful if the current administration hangs on because their administrative appointees have to be confirmed by the Senate, and so a Republican Senate would force them to moderate who they nominate for key positions. That could be helpful aside from that because because there's still a filibuster in the Senate, meaning you have to have a 60 vote threshold to overcome a a filibuster.
It would still mean that any lone Democrat, you know think Elizabeth Warren could still block essentially any pro crypto bill that that that might start to to get traction or come over from the House. It's still a recipe for gridlock. It it's it's really To see meaningful legislation get done, you almost have to have a trifecta, meaning one party holds all three, both chambers of Congress and the White House. That's rare. And and and the American public doesn't typically like trifectas
when they happen. They usually only last one election cycle, which is 2 years, and then something breaks. So I, you know, I'm not optimistic that we're going to see significant crypto legislation in the immediate future. OK. OK. So that, I mean that means, I'm assuming that's something that we have to wait, right, quite a long time after there's a new governing body. Government in place.
So it's a it's it's gonna be it's gonna be an interesting next cycle right for after the elections. I mean what, what do you think, what can you expect, right. Do you think next this coming bull cycle, I guess if I had something else to ask you like regarding like regulation in general, we we think in the United States could. I just want to. Yeah, like globally as well. Like legends of French company, they met with full regulation like producing assets the UK has.
Like it's a how, how, how is legit thinking about this like globally developing? Is it the UK is going to be left US is going to be left behind here. I mean 2024 is going to be a fascinating year politically
speaking. You know, we just talked about the US with with a big upcoming election, but there are very, very meaningful elections also scheduled to take place in the EU in May and June that will that will sort of reset the parliament and give a new mandate to the Commission and there'll be a lot of personnel changes there.
The way that that is looking is the polls suggest a rightward shift toward more sort of nationalist political candidates, away from sort of Eurocentric, which means sort of sort of returning more power to the national capitals versus to Brussels. I think that's probably good for crypto given the the way that the last mandate went for us in
a number of ways. There's also a big upcoming election in the UK in in 2024 that is likely to see the Labour Party take over from the Tories for the first time in in a very long time. Um, UK remains the most interesting to me, actually, because it's the it's the least certain. It could go a number of different ways. What? What does seem certain is a Labour takeover. But crypto seems very low on on Labour's priority list, right? They've been out of power for a long time.
They've got a very long wish list. Crypto just isn't on it. Generally, I think that's OK. You know, you know, sort of leave us alone, let us build that. That's fine. I'm OK with that. The only thing that gives me a little bit of pause is, you know, while the government and parliament has been largely open and friendly toward crypto, some of the UK regulators, including the FCA have not been.
And so one of my question marks, one of the things that I'm going to be watching in the UK is you know with a with a Labour takeover of the government does that embolden the FCA to be sort of more you know more hostile or take stronger actions against the the crypto industry and and and and players. But all three of those elections like I said are gonna be fascinating to watch They they will all have significant implications for for the crypto community globally.
So this is going to be a big year. Baker, I like that. I like. I like hearing Baker the You're talking my language now Seth. So it's something I I really like. So I guess like last thing for you here you know it's you know what do we what should we expect, what should we expect actually, no. I wanna ask you about what's happening currently because we talk about a lot about the SEC we talked about Mando actually was mentioning earlier this week
on the show. They have their hands full right now with a lot of different cases, right you have you have Wells notices sent out to a bunch of empty projects for the scores over the last two years. You have What is the coin base case, which is Major tracking Binance. What do you think happens with with everything that's dealing with at the? Moment. I mean, they're, you know, they're still fighting with Ripple. Ripple, yes. You know it's it's a it's a great point to raise.
It's one that I've raised myself which is you know the the the SEC is a very powerful agency but they have they have limits right there. You know they they only have so much budget. They only have so much staff and you know the the enforcement section there from what I can tell is is up to their eyeballs in in major crypto cases with well funded defendants that are fighting back. That takes a lot of of staff resources and time and and
everything you know. But crypto is a small little piece of what the SEC has to think about right. If you look at, just think about it in terms of market cap versus all the other securities that exist in the in, in the US markets, the SEC still has to police all of that, all the public companies, all of all the stock exchanges, all the bond markets, right? And so there has to be a limit to the enforcement section's ability to continue to harass
crypto companies, right? And the more the fight back, you know, I think the more they have to be judicious with who they target in the 1st place because they're they're they're gonna reach a capacity for doing this sort of thing if they haven't already. OK. Yeah, that makes sense that that that's aligned with like everything we've been kind of talking about here. It's just good that we have you because you're obviously better positioned to to confirm everything.
It looks like they have a lot of work on on on their hands. I guess last question, fun question, what happens today, Seth? What happens after what happens? What's your cheeky little prediction for us on the Bitcoin ETF approval or what? Look, I, you know, I don't know anything that you guys don't know. You know what? What I will say is that you know for me if I was, if I was a betting man I'd, I'd, I'd say
it's approved. You're reading the the courts decision in in the grayscale case the, you know, the court was very explicit. It was a very, very well written decision and and they really painted the SEC into a corner. They did not give them a lot of wiggle room here. And and I think that's, you know, when you saw the SEC choose not to appeal that decision, that was them waving the white flag. That was them saying OK you, you
beat us, right. I I think for me that was the moment when, you know, I thought the approval was was locked in. And then everything that we've seen since then from the level of activity between the staff and the applicants, getting the files ready even to, you know sort of a lot of the social media that you've seen coming out of the SEC official account and coming out of Garry's account, you know is sort of prepping the market for FOMO, right.
You don't do that unless you know what's coming. So I I would be, I would be shocked if we don't get an approval today. I think that would be a very, very ballsy move on on the part of the SEC's. You know that's basically a a burn it down take us to court like we're going to fight to the bitter end. Not that I think they're beyond that but I thought I think if they were going to do that they would have appealed the the grayscale decision in the 1st place.
So I'm, I'm fully expecting approval. They they like I said at the top they they gave us that help with the with the fake tweet that sort of cleared the you know cleared the the leverage out of the markets for us. So I think we're, I think we're all set. All right, well, there you go. You know, there you go. It's as if, as if Y'all didn't get enough confirmations in the audience over the last few days. We can go out Weaving got a fake one. Weaving got a fake one.
We're gonna get a proof twice today. So that's sad, says Hurtling. Here, global head of policy at Ledger. Thank you so much for for coming on today. I appreciate you when you're insight. Yeah. Thank you guys. Thank you, Sir. Have a good one. All right. Well, Mando, Mando, Mando, Mando Looks like we're about to have an exciting and an exciting, an exciting afternoon today. Looks like we're gonna have a late night of a late. Night, I think. What do you think back on earth?
Ohh, by this time tomorrow. Like Showtime like 10:30. Showtime. Showtime both higher for sure I think. I mean, because we flushed out, right? Fuck like that. Sell the news things like almost like we already sold it. So I wouldn't be surprised if we would. Tomorrow we're like, I'd say 47 to 48 range on Bitcoin. I'll say 4748, so call it 475. And if if that happens, I I wouldn't be surprised to see Ethan like 25 to 26, so I'll call 2550 Wow 47525 Fifty. Umm, OK Yeah, I think.
I think we're gonna be higher. I think 46 1/2 and then I think, yeah 202450 I think high a little bit but but. What do you what do you say 40 what? 46, 1/2 and then 2450. OK, so you're just a tad bit on there. Cool. So you're 1000 under on Bitcoin, About 100 under. Watch it belittled in between us. It's gonna be like 4725. Yeah, you know, if you have something you would have assumed so it's perfect. You know, I wrote them down in the chat. Well. It's lower.
You know, with with we're screwed. Yeah, but it's not going to be right. I mean, dude, you. Got more? Yeah, you know what would that would that would that will sit tomorrow. Yeah. We have a massive show tomorrow. We have Eleanor Terrett coming on from Fox to talk to us more about the aftermath I guess. So tomorrow's gonna be one last one last heavy ETF day, but but an important one. And then on Friday we have booty coming on. So that'll be a whole different
vibe. It'll be a whole different vibe. Some people asking for sole price tomorrow. But The thing is, Solana is running with Bitcoin. So whatever Bitcoin goes up, you can assume that Salon goes up almost as much. And sold 97. There you go. Just, but I was pinning 97 with you. Alright, would that would that would that would be tomorrow morning, 10:30 AM Eastern Standard Time, 7:30 AM Pacific Standard Time for another episode of Full Hour on Rock Radio. Let's go.