Yo-yo yo, what up? What up? Good morning, Good morning GMG Monday March 11th, 2024444. Look at that. Another beautiful day to have a beautiful day. Another beautiful week to have a beautiful week on FOMO hour. Whoa. Last week was arguably I I mean you know one of the biggest week. Actually the biggest week for the show when it comes to to to numbers and boy oh boy am I excited for what's going on right now. I got my Big Brain Co hosts in the house.
OSF Mando, good morning. How are you guys doing today? Good. How are you guys doing? I'm doing great, man. You're doing great. We are so fucking back. Or what? Like, are we Are we back or or what? Like what? What's going on? What's going on? Old time highs, baby. Across the board, baby. Oh my Lord, oh man. Look, I have to say, I have to say, you know, few things, few things better than waking up on the Monday morning.
You know, getting to work, sitting at your desk, having a nice little coffee and then Bitcoin's A72K. I, I, I, I, I can think of very, very, very, very few things. Oh, what are you eating there, OV? Oh, rock. Of course there's only four hour difference. For us it's. Good. I love it. I love it. I love it. Yeah. So it was daylight. I didn't even realize at all. I just woke up to like the Vitalic's tweet. That's how I found out. Vitalic tweet. Like a ballish daylight savings.
And I was like daylight savings. And I guess we. I lost. I I did. You guys did. I lost an hour for sleep, right, On Saturday night because if two became 3:00 AM. So I did and then But what's good is that the sunset's now here at 7:00 PM hypothetically, not 6. So it's just it's just kind of good for us. We're still in the thick of the winter, lads. It was it was snowing all all all weekend.
It's it was Gray. I saw all these posts about London being like second most miserable place after Uzbekistan. I would say that's an insult to Uzbekistan and then and then and then but but it's not it's not much better here OV so all that to say I am with you, you know it is chilly here still. I still have to walk and like avoid like slush in the street and like that gross water everywhere. But thankfully I don't leave my home, so you know, that's also utility.
Anyways, All right. So for that show today, today, what do we got? What do we got going on today? There's, there's a lot. First and foremost, I hope you guys woke up and chose rich because the market did and I can't. We got, we're going to have to talk about this for a minute. We have to talk about Nick and Nifty Portal and what's going on with that because that was definitely what went down all weekend.
So we can recap as usual. We'll talk about Bitcoin, we'll talk about E, you know, steady above 4K. You absolutely love to see it. So a lot above 148 hit 150 and all the other coins running with it as usual, you got what else you got? You got London Stock Exchange considering crypto ETS. OK, OK, OK, we'll talk about that. We got Trump talking Bitcoin on on NNFTS of course on national television and you're still bearish and on. So this is not going on.
Poly market. We'll talk Poly market and ETF. Chance, 'cause there was a big conversation about ETF in over the weekend as well, whether it's happening or not. And of course, like meme coins, all coins, a lot of stuff running people everyday for Nick, blah blah blah blah blah. We'll talk about that. And then last but not least, of course, talk about, you know, NFTS and do a little round up about what is going on in that front because wow, we are
fuming, things are going crazy. And in case you didn't realize yet, on the bottom of the screen we have our little robot thingy going around because we love Razor, we love working with them and giving you guys money away thanks to them. But we also are partnering with a generative ERC Four O 4 art collection at the forefront of digital innovation and you can check him out by IMCFW on the timeline shot the pilot who is one of our new screen sponsors on the show.
So you will see them if you're watching us on video every Monday where we are streaming live every Monday to Friday. But anyways, anyways, anyways, without further ado, why don't we get right into it? Can you dig it? GMGM everyone just tweeting out the the Twitter Twitter broadcast link. We already. Have it? Ah, we already have it now. Give me a minute. It'll kill me otherwise, so just sorry. Me too. Me too. Hold on. Yeah, look, it was, it was a little bit of a mixed weekend.
I think like Bitcoin went up and down on Friday, and then we kind of hang out around 68 K for a while. And then towards Sunday night we started to to rally again. And then we had like a bit of a correction, right? Everyone started getting very bearish. Bitcoin went down to 66 K EFF went down about $200. Solana I think went sub 140 briefly and KBM was tweeting, you know, this is it's all over. Uh oh, and then. And KSI, KB, MKSI. What do I have in common?
Oh yeah, KSI also get involved. SI KB M starts with K3 letter acronym. They're both short. So and then we started to rally again. Bitcoin took out its all time high, went to 72 K it's up 5% again. Basically over the last 24 hours. ETH just behind it broke 4K. It's at 4035 right now. Solana went back up to 150 areas now, like 149. So definitely a bounce. Obviously last week was the biggest weekly inflow for crypto
ever. I think it was just shy of 3 billion of inflow into crypto crypto specific funds. That includes the ETFs and people are obviously expecting very similar sort of numbers. The the ETF was very strong even towards the end of last week and clearly like just anecdotally you're starting to see it more and more. It's on the front page of CNBC, it's on the front page of, you know, most major financial news websites at the moment.
The Bitcoin keeps hitting new highs so definitely people picking up on it. I think people were mainly trading meme coins on the weekend and we saw a bunch of mainly on chain things move aggressively higher.
There's been a couple of smaller ones let's say we should move things like Floki is keeps on going fucking higher that's certainly 3 billion now and and with I think in new high so but it was mainly a lot of the on chain coins on Solana that we're going crazy and we'll get into that in a little bit today. It does feel like bitcoins dominating though again like altcoins are slightly underperforming. I would say as a group Bitcoin is probably beating 80% of
altcoins here. There's just a few that that are that are still beating being Bitcoin at least over the last 24 hours in terms of stuff this week on a macro basis we have CPI tomorrow which is the inflation metric. There's been a little bit more worry about the fact that inflation might be a bit more sticky recently.
So there's a even though power was doubled at the back end of last week, so expect I would say that's a more volatile, bigger than people have predicted maybe a couple of weeks ago. So it's definitely become a little bit more worrisome than that. Crypto, although it is rallying again, is showing signs of excessive risk taking. Funding is basically back to the highs. Before we saw that 10% Wick in in Bitcoin to to fund a Bitcoin along right now is 113% a year that was that's higher than
where it was just before. It dumped pretty aggressively. That's the same kind of across the board. ETH is about 100%, Salon is 120%. Every single major coin is the funding has gone very high. You know Bitcoin dipped and then went straight back up high. I don't think this affects the long term trend. It does tell you that pretty much every day at the moment we're getting a Wick lower, clearing out the funding and then we're going higher. So I would be very unsurprised
if we saw a Wick today. I don't, which is quite good because it's not a market where you necessarily have to feel particular FOMO when it's going higher. But what you have to do is be disciplined and buying the dip when it goes lower. So instead of like getting on the momentum train, you know that you know it's gone lower now it's going to drop, you know 20K. It's more that you have to be diligent in buying the dips each day and we kind of run up the excessive risk taking every
single day in between. So that's what it feels like. There's clearly, it's clearly getting a bit frothy. People are making crazy money on on meme coins every single day. Solana volumes are just like unbelievable at the moment. I think it had its biggest ever or second biggest day ever for fees the other day. It's dominating a lot of the on chain activity happening at the moment so that's where a majority of the NFT action, sorry a majority of the meme
coin action is happening. I think most people have are having up Solana shit coins on their on their charts over the weekend like that's where people were. It just seems like that's where a lot of the fun is happening. The big things this week in terms of ETH is you have the the the upgrade, the Denkin upgrade which shouldn't really affect too many things on the L1 chain. What it's really going to do is is affect the revenue base of the of the L twos.
I I don't know how big a deal this is. I think it's more it's more big and then it changes the the story for the L twos as revenue generating chains. I think most of their revenue is going to be go up by a factor after this has changed, but it doesn't, I don't think it's going to aggressively bring down graph gas prices on the L1. It's more, it more just revolutionizes the L twos as actual revenue generating entities. So people are getting bullish on the L twos into that.
On the other hand, there's been a bit of a weird divergent, which I guess Obi's picking up on and I think it's the best thing is to go onto Polymarket to see this. So if you go on to Poly market right now and you type in ETH. Yeah. I mean the two things I would look at here is Etherium all time high in 20, Etherium all time high by the end of March. That's a 41% chance of that happening on Poly market. And yet the ETF chance has dipped from about 75% likely in January now to 25% today.
It's really taken a nosedive over the last few days. So there's this weird mixture. I think this is what OB's kind of picking up on at the moment, is that I don't think that's the right one. No, no. That's the usual one with the lot of bets on it. No, no. This is by by May. I think that's the very little Etherium ETF approved by May 31st. Etherium Etherium ETF. Let's just. Type in ETH. ETH. And then search. You see, I don't see the same thing as you.
That's the ones I see, yeah. That's weird. I'll send you the link now, but this one has a lot more. Maybe I want. You to see that. There's a lot more traded on this one than the. One that you want I. Put it into the firm of our chat. Yeah, send that. I'll show, I'll show it right now. So. There's difference between like ETH right now which is like a lot of people are playing for
ETH. And even in in the world that me and Obi used to live in, a lot of the trap like people that I used to speak to think like the alpha trade is to buy ETH into this ETF. And increasingly it feels like they are missing that the market is moving away from that. And all of Tradfi media is not picking up on either.
Like if you if you listen to any one of the major interviews going on right now on Bloomberg or CNBC or any of these major financial news services, they're always talking about the ETF and that went down as low as 25% earlier today. It seems to have bounced to 30. 6 here, 3024 cents here, so it was 20. Four and there's been just more.
I think it's they need to basically ask for comments from the issuers and the SEC has not yet and it seems to be dragging its feet to everyone's worried that you know they're just going to push it and that would be quite a big thing I think for the market at least. I I think the market thinks that there's going to be an ETF with pretty high confidence as what I agree with what OS FS saying, like bring up the ETF chart after the Bitcoin ETF. It's just fucking up only.
And I think that's a worrying scenario that if you're here every single day you're picking up on. But the increasingly tradifying nature for our product has not picked up on like all this. All this takes is 1 CNBC article or one Bloomberg article saying, hey, the ETS isn't going to happen. And I think that that could lead to a small repricing here. I'm not.
I don't think it's bearish on Bitcoin or or on a few different things like I mean you know we had a debate whether it's bearish for Solana the other day and I I think it's less bearish on Solana, at least over the medium term. But it would definitely be bearish on ETH L Twos EVM, like a lot of that would be bearish if that happened. I'm not saying they would never do an ETTF in the future. What happened last time is the obviously grayscale took the SEC
to court. That took I think a year at least maybe even longer. This one might get thrown out like by a judge pretty quickly, given there's already any futures ETF, and it would be perhaps a more difficult thing to argue, but we could be sitting here waiting for another year or so, maybe two years even for an ETF, if if they end up rejecting it so. I mean. Yeah. Oh, you're fine. You're fine. Listen, Baby's crying is OK. I mean, she just wants to be part of the show, you know?
She just wants to teach. She just wants to, she just wants to ETF, you know, And she just wants to choose rich that that's it. You know, it's that's what the baby wants. I mean, look here, let's, let's, let's talk to Ovi a little bit here. I mean, you made a post this weekend. You know you seem to be quite bearish again. I'm. I'm obviously kidding but what are you what are your thoughts here on on ETH? Obviously you're hitting 4K, which is awesome right?
Love to see ether, love to see ether 4K and love to see the new updated OSF daily, daily at this point, right Quote, tweet. You know if you're liking ether 4K, imagine 4100 and on and on and on. What do you what do you think here? Do you think ETF is priced in is what I want to ask you. And second question over here is if the ETF does not happen, what does that mean for the market?
Yeah. So look, I think previously I thought there was maybe like a 6040 or 5050 probability of the ETF being priced in. Now it seems like the probability of an ETF getting improved is less than 5050 if you read the headlines over the weekend and and the colour that's coming out from it. And if you look at Poly market of course, but I still think the market seems to be pricing and a higher probability of it. And just judging by the
timeline, people just think oh, it's definitely going to get improved. People who like bringing out all the the Black Rock stats like the 99.9% of black ETF gets approved etcetera. Like I get all that, I understand all that. But we already went through all that stuff with Bitcoin ETF. And I think you have to appreciate that this ETF is different to the Bitcoin ETF. And the reasons that came out, if you look at Eleanor Terrace tweet, the reasons coming out as to why they can project this.
These are esoteric reasons that like not even BlackRock can really contest unless they have, you know unless able to to push things around. And maybe they are like I'm not saying that ETF is going to get rejected. That's definitely not what I'm saying. I still think it probably will get approved in my opinion. But I'm saying the probability of it getting approved is now much lower than it was a few weeks ago and that you have to be careful of and you have to be cognizant of.
And I'm not saying, oh sell all your wreath or sell your crypto because of this. But I'm saying don't just sit there being like Max bullish and thinking, oh, this is all a given because it's not a given. We have some bridges to cross. We have some some hurdles to jump before this can get
approved. And as Michael said, you know suddenly if you get a few headlines coming and building and someone gets a stiff of it, especially while funding is so high like it isn't now and it has been someone can be malicious and and attack it and then that can cause crypto to to take a hit. So my opinion is a bit different to Michael's. Obviously like ETH gets hit badly if gets rejected. But I think you see risk off across all alts. Like I think L twos get hit.
I think Solana gets hit. I just think it's a bad it's a bad thing for all coins if the SEC is rejecting ETH because you know if they I actually think if they approve the ETTF, Solana would outperform ETH and all the all the beta would outperform ETH. And next thing people would be thinking is like what's the next ETF? Could it be Solana and all that kind of stuff. All that stuff goes out the window if he gets rejected. And I just think you get a bit of risk off.
You get everyone who was like buying ETH for this trade or buying L2's for this trade. They all sell. And then people just look at the rel valve versus of the coins and it all sells off. And yes, like if it all, you know maybe it all sells off from on the first few days or weeks and over time narratives can change. If you know if Solana picks back up again, I can see that happening for sure. But I just think it's going to be, it would be, it would be bad for risk and hopefully it
doesn't happen. Hopefully we get an approval. Hopefully the headlines turn. It's still early days. We don't have a lot of information. The deadline's 23rd of May so we're, you know 2 1/2 months out. So and I that's the Bloomberg lads. Like what they say seems a bit Bitcoin maxi ish to me. Like they're a little bit like, oh, bitcoin's great and these sucks kind of thing. I think it's important though what what they're saying.
I think why we just why I think it's important is that there was a big incentive for Grayscale to fight the SEC. Yeah, right. There's a there was a huge incentive incentive based on the fees and and the volume. There may be less of an incentive for Grayscale to fight the SEC on this, right? Like somebody is going to have to take the SEC to court. And will it be BlackRock? Would it be one of these other issuers?
They may, but their fees might not be enough for them to argue it with Bitcoin, it felt like yes, right, it was always going to be likely they're going to do it. But the ETF, you know, it's going to be smaller, no doubt in the Bitcoin ETF. So the idea that you would go to war with the SEC and probably face, you know, hundreds of millions of legal fees doing it, that may not be the same case because it's not, it's not actually a lawsuit against ETH Foundation or anything like that.
It would, it would have to be an ETF issuer decides to basically take on the mantle to fight the SEC. So the idea that this is going to be a smaller ETF, which is what the Bloomberg people are saying, I think matters just from the incentives for them to fight the SECI think. I think it's really with the same, the same thing like funding's high. There is no doubt in my mind that we will see a headline about this ETTF from a major news provider over the next two weeks.
Like no doubt there's about three or four different journalists right now or three or four different market watchers from major news sites who are trying to get to the bottom of this question. And they all know they're getting massive engagement from doing it. So like they're all sitting there going like right, we need to find out from the SEC if they're going to do this.
So they're going to be speaking to low level, mid level SEC employees trying to get us a better scoop that that Twitter feed post that we saw. There's going to be an article very similar to that I think in the next two weeks and I would imagine to see a flush on the on the back of that. I don't know if that's the end of it. You saw today the London Stock Exchange might start to offer ETFs, Hong Kong might beat beat the US on on ETFs.
So there's headline around. It's not terminal, it's more just Just be aware that this is now happening and be prepared for AI would say a messy tradfy headline about this ECTF over the next two weeks. And you know, Tradfy is like coping so hard, they're just ready to like jump at the first thing where they can push crypto lower. But I think that's, you know, that's just like one risk factor. You know, obviously bitcoins hitting new all time highs today with 72 K ethers above 4K,
everything's rallying. But I do think like, yeah, as prices go higher, I think you do want to get bit more cautious. And it doesn't mean sell, it doesn't mean you know, like get bearish, whatever. But I just think like at the end of the day, we're all here trying to make money and holding the right things as the price goes up is half of that equation. It's only part of that equation. I think people just think that's the entire equation.
The other half of the equation is like monetizing it, figuring out when to sell and getting it into your bank account and if it's money a lot of money that's made a difference to your life and having that so it actually makes the difference to your life and and not round tripping and that we're getting towards I think you know as we have you know hit new all time highs on Bitcoin. I think we're getting to the point now where it's like I'm not saying getting to the point
where you just should sell but you know you should start rather than my. My view on the market is rather than just feeling euphoric every time we hit new all time highs every day it's OK let me just actually stay switched on and and be controlled and think OK how am I now going to execute my cells and and exits the risk that I want to exit as the rest of this cycle goes on and that could be a multi month process maybe it's even a multi year I don't even really know but I
just think you can't do that when you're just like everyday you're like euphoric and Max long and Max bidding. I think you have to like take a step back but cool like I've made this much I need this much to like live for the next year. I need this much to quit my job. I need this much to buy a house, whatever it is, and then like figure it out and I need it to go up this percent. And then when it gets there, I'm
going to take off this much. And that way if you have a plan in place because you've been thinking about it rather than like just going too crazy with excitement, then and at some point the tide will turn, whether it's the BTC for whatever it is. And don't forget, by the way, like Bitcoin ETFs are great right now, but at some point the Bitcoin ETF will sell Bitcoin and it will be everyone's worst
enemy. I don't think it's going to happen in the next few months, but it will happen one day where the biggest seller of Bitcoin will be the Bitcoin ETF. And it's going to be horrific because every day they're going to come in and just let slash the bid and we'll have aggressive price action on the way down like just like you're having the way up. So you just you want to be in a?
Market as well like you? You you want to be in a in a position where when that's happening, you're there buying Bitcoin at lower prices at the lows because you took out some money, you know, during the bull run and you and you you made some you know you you profited from it. And I just think like you're only able to do that if you're just like thinking about things in a very controlled fashion.
And I think, you know, when people get too bullish, they end up like buying more and more risk at higher and higher prices and that only leads you to eating away all the money you've
made. But I think, I think we can't have a show like this after the show with Raoul where we're like we're like we're going to fucking 250 and like this is the start of it. My base case is we've got a long way to go. What I do think is that don't fool yourself as a long term investor when you're probably going to sell if it goes down like 20%. Like be prepared for some nasty Wicks right now because right now altcoin funding, even Bitcoin funding, is over 100% a
year. I haven't seen that since the big Wick that we saw a couple. What is it just over a week ago? I think. I think just be prepared for that. Like if you're holding fucking some Tier 2 meme on Solana, maybe. Maybe that is a worrying thing in in this current country.
Because if you see a big Wick if Bitcoin goes down to 60 K or ETH goes down to 3K on some messy headline about you know Genzler's going to deny the ETF and Elizabeth Warren's fucking still coming after crypto which is kind of what we're hearing. Then you know you you kind of want to have some powder to maybe buy that dip and buy the the the good stuff so you're not owning fucking Tier 2 dog top coin on on on Solana. So yeah, just I right now clean up your book.
I would say make sure you're in stuff that you would hold if Bitcoin dropped 20% and you're not just going to panic if that happens. And see those dips as massive opportunities because they are, they are massive opportunities like if you could buy a liquid dip in in here of anything particularly like the majors Bitcoin ETH, Solana ETH. Depending on like that, what the headline is, then I think you can have a very, very good next month even.
I think you can be, you can be bullish that you can still, I still believe Bitcoin will. I still believe Bitcoin could get 200 K this month. Like as I said before, I still think these two hundred 250K numbers or 500. I think all this stuff could well happen this cycle. But I think it's important. The point I'm trying to make is like you can be really bullish. You can believe all of that.
You can believe prices are going much, much, much higher, which I do, But you can still be cautious and switched on at the same time. Those two things are not mutually exclusive. You can still have an appreciation for market risks. And I just think two people get too much and to 1 go where they're like, oh, bitcoin's going to 500 K and there's there's no risk in the market. And anyone who thinks anything can happen is just stupid.
And like it's never, this is never going to happen where it's like, OK, I think Bitcoin's going to go in and go to 250K. But I appreciate there's some risk that it doesn't because of this, this and this. And if that happens, I'm not suddenly caught off guard because I've have a plan in place for it, whether it's I have capitals by the zip, whether it's not going to panic, whatever it is. And that's the only point you're going to make.
You don't want to, You won't feel panicked when prices go down. If you have appreciated that that risk exists. If you don't appreciate that risk exists when the prices go down, you panic and then you make bad decisions and you don't want to make bad decisions. 100% like, Let me put it. Let me put it a different way. I am. I have 100% certainty that Bitcoin will be below 70 K at least at one point. Again, 100% certainty of that. I want to bet you a lot of money that isn't huge. I didn't.
Mind thinking about Bitcoin below 70K? Huge call, dude. You're like, that's a big statement, bro. Like people, people might might be thinking we're just going higher forever. I I have 100% conviction there is. There are at least 100 people out there who believe it will never go with their 70K like. You know, it's just a 3% move, right? Like, right. And I'm telling you right now, everyone's like, I want to buy it because it's going higher. I'm telling you, it will be
lower than this. It will be lower than 70 K at some point. Don't worry about it. You don't need to chase it. So are you guys done with like like being bears, like it's been 30 minutes. I'm listening to the show. You guys are talking there. We. Go I just. Switched off. I left you notice I left for 15 minutes for the first time in 600 episodes. I think for 15 minutes I actually was like. Tier 2 Dog coin on Solana right now I. Was sexy, dude. I was sexy with Locksley.
I was like, just like reading articles on the Crypt. I was like going through my timeline, answering people on Twitter and I come back and you guys are still playing mental gymnastics about being bears. I I don't understand. Mando gets wiped once and OV makes like a bajillion dollars and they're both bears now. Like, I don't get it. You're muted, you're muted. That's probably a sign.
Neither of us a bearish, neither of us a. Bearish. The last 30 minutes of this show, you know, have been you guys calling my coins Tier 2. OK And I'm just playing. I'm obviously playing and I think everything that has been talked about this, this thus far is probably the most sound piece of content you'll get today on the timeline. Let's just put it that way, because the rest of the timeline is US choosing Rich, the Nick memes, everything going up, going crazy.
So I actually agree with both of you and I think it's awesome. For what it's worth, I am only in one meme coin for the first time of my life and it's a Tier 1 cat coin. So that's it. That's that's actually crazy. I mean that's if you don't count my doge longs, but like I don't count doge as like AI guess meme coin. Yeah, that's a major now it's a major. I mean Doge is a major. So like, I mean hey, it's been a top ten coin for years. So like is Doge not a major to
you guys at this stage? Like, I don't know. You know, Major. Meme. Major meme, You know, so so you know. I'm going to because it's also acceptable for me to lead a doge to $1.00 campaign on the timeline because it has way more liquid in my following rather than going and like talking about every other coin, right? But saying Dosha Dollar is like socially accepted right on on CT. So it's like I can, I can do that safely while like, you
know, doing the whole thing. Weirdly, me, me and me and Obi even debate this because I think this is the next headline to come. Like, kind of the no doubt in my mind that we're going to get bad. What do you guys? Debate. The headline is that I think, I think something like Doge might not do badly in that scenario. My view on on that scenario is that you could see certain things outperform. Namely, Bitcoin probably wouldn't do so badly.
I personally think that even in the wrist spectrum, we'd have more of AQ4 style feeling again about Solana versus ETH. Where if without the ETETTF narrative, Solana's just like destroying all the volume things right now, like everyone is there like it will it feels like the most used chain. And then Doge. Doge is a meme coin, right? Doge is a meme coin proof, like basically a Litecoin, right? So it's like it's basically a fork of Bitcoin, essentially.
Yeah, there's a. Bit it's literally a book. Bit of like emotionals, there's like DRC 20. Like it's it's literally like a pasta. So in that scenario, if Doge and Solana fell on that headline, I'd buy the crap out of them. Yeah I I listen, I I I like it. I liked it this weekend this one I, I I went in with it but funding is very very high. I'm not going to lie that's it's it's expensive. So I'm not sure how long we're going to keep those open at at this rate but we don't mind it
for now. That's where I'm at personally. I agree with you guys I'm I'm very comfortable with my Solano. However I did lose my bet to to to board Elon. So shout to board Elon. I need to send him half an ETH because ETH hit 4K before Solada hit a hundred $200.00. So I'm sending my boy. I think he cleaned up on that bed lads. I think he bet a lot of half an ETH with a lot of people I think. I think board Elon cleaned cleaned today with that bed. So that's that's good. Good for you.
Ha ha, happy for you and all that good stuff. Actually, I can just go check his ENS city board dot ETH, which is I should fire ENS, but I wonder how much. Let's see, Let's see if he really cleaned the house or he paid yet. Board Elon looks like. I don't think he's received much. Oh, hold on. Is that him? Nope, nothing. Nothing yet. Oh, there you go. Cool. Ethereum sent him half beneath a couple days ago and he's been winning bets all these little things.
I'm pretty sure that's him winning a few bets, so not bad. Not bad Anyways. What else is going on in the market? Let's. Well, wow. I don't know if you guys are looking at Bitcoin, but Bitcoin is running for it. 72 five, pretty much Love to see that. Love to see that. All the guys, Honestly, it feels so good because bitcoin's 72 1/2 and there's not an ounce of euphoria on my timeline. No one's even talking about the price of Bitcoin. Love to see that and you're muted again.
I think your thing's muting you automatically again. No, I've been muting it because of the of the baby, but. Part of a show retail. Retail is here. Let's. Retail is, is. I mean is retail here yet? As long as this, I don't see a dollar here. So as long as I don't see a dollar on this bad boy here, you know retail will not have been here. But look, OV, look, your ETH looks amazing. It's incredible. I love to see. I mean look at this, look at
ETH. It it's just like I I think the easiest trade in all crypto at the moment is like just like ETH. You've listened to the last like 20 minutes of what we just said. Fuck This Is. You are a frontline soldier, man, like you are just frontline. Here, here's why you check me
out. I'll tell you why you check me out because I genuinely I'll take the other side of it where I actually don't care about whether or not the ETF comes in May. And here's three reasons why so but the reasons why are for me as a crypto enthusiast and someone who's building in the industry. I only. First of all, none of us got into space because of Bitcoin TF. But now we have the Bitcoin TF, which is like, we have Bitcoin TF like the rest of it. Then that's where I'm like,
well, what? We're going to want a doge ETF. We're going to Solana ETF. We want to ETF everything. Like, OK, cool, we have Bitcoin TF. ETF makes it even better. Let's fucking go. Good for my bags. At least I'm happy with it. It's going to happen, by the way, whether it's in May or next year, it's going to happen. But does it mean anything for crypto? I I don't think so.
I mean we got Bitcoin TFs. It's like I was, I was actually playing poker Saturday with a bunch of your your old peoples. So it's me and just all my tart fibros from Montreal. They all work at banks behind Bloomberg terminals, right? And they were actually over. You would like this. They were obsessed with WIF. They were talking about WIF for the entire 4 hours of the poker game.
They could not believe that a dog with the hat got to their terminals and they didn't buy it and and they were all complaining. Always, like all of them. They're all like no crypto like they live behind a Bloomberg Terminal. They're happy with that, right?
Super hilarious. But the other thing is they were saying how they just cannot still cannot believe how there is like 11 issuers and a Bitcoin ETF like that was like it's like I was like while we are desk like we're still so early like MF Ers are still like in disbelief in track 5 where we're like on the hopeful slash optimistic probably side of the scale, right. I don't think we're euphoric just yet, but but you know, I thought, I thought it was funny.
So that's why, you know, ETF, this ETF that you know we'll we'll get what we get, what we got. I think you buy that dip. I don't think any of us are bearish. Any of us are bearish. I'm just saying that the market, we do this show every single day, I'm telling you today feels like, and this week to me feels more precarious than last week, just because of the way funding is and because I think this story is about to break and probably not in a way that will be done nicely.
I mean, Story's about to break it. It's already everywhere. Like the Crypt, corn desk, like, blah blah. Fucking everybody already picked corn Telegraph already. Everyone already picked up on Eleanor's tweet. Eleanor's like the. I know, I know. But ETH keeps going high, and I'm telling you that's because Trapfi's buying it. They're not. They haven't picked up on this. I don't. I I don't. I don't. I don't think so. It's, it's 11:00 AM in in New York.
Trapfi hasn't picked up on Eleanor's tweet, you know what I mean? Like, she's on TV every day. Like, I'm not saying ETA's not going to dip. He's. Telling you if that ETF headline breaks, it will go a lot lower. But hold on, there's no ETF headline at the moment on Google News. You're telling me? There's there's some things creeping in, but I feel like it's not priced in. Can Google it for you guys, because Canada banned news on Google for what it's worth. That's why I'm not sharing it.
Got to love. Here we go Forbes. A day ago, just the beginning, Bitcoin suddenly hit 70K price tipping point amid Etherium and XRPETF speculation. XRPETF, come on. You know what I mean? Like this is where they are. I know we are starting to pick up on a tweet. That's fair. That's fair. On something from Yes, that's ETH. 22 hours ago Two hours ago from trading view ETH next in line for an all time high price with the potential Ethereum ETF approval on the horizon. Tweet two hours ago.
Dude, Eleanor's tweed has 487,000 viewers and she works at Fox. You're telling me Trad Media didn't pick up on that? I'm telling you, you're about to see a headline, probably from Fox News, Fox Business, and then it will go fucking live. It's. Not on Gu. It's actually not on Gu. If you Google ETF and go to News, there's not a single article. I wouldn't know. I can't. I literally like so.
We in Canada have banned, tried like I can Google News and I can't read like CNN and all that stuff. I can't even open their Instagram accounts. It's illegal in Canada to read news. I'm not even making this up. Trudeau, don't ban my Please. There is. There's one. There's one headline Senior ETF analyst unimpressed with the SE CS attitude. OK. So there's nothing, no you would you would be like there would be 20 if you were to look it up like and it was out like I get
it, you're, I agree. OK, you're right. Like there's there's nothing much then because usually it's like all of them, right. Bloomberg first. Usually it's always Bloomberg. It's Bloomberg. Bloomberg. Haven't decided yet. Balkunis and I forget who James Seifart right? They haven't. They said initially they thought it could be around 70% but they failed to give any percentages and. I reckon on our show. I think he said even he's at no. He said above, he said above 50,
yeah, yeah. So it'd be interesting to see what they say here. They could decide to do an article or. My guess is that Fox, we'll decide to do some form of an article or or that's probably. Because Eleanor Teret is is that. Right, exactly right. So we'll we'll see all that. All you're saying is gonna be a wipe on leverage. And just like if you're spot, though, it doesn't pertain to the listener. That's not trading, that's on spot. Like it means nothing to him, right? Or her.
Like, oh, there you go, James. Safe the theorem just now because I have my notifications on for the guy The Theorem ETF cycle feels like the opposite of Bitcoin ETF approval odds at the moment. The more we see here and don't see here, the less optimistic I've become. We're about 73 days from the deadline and there really seems to be little to no movement. Yeah, Eric, he quote tweeted Eric's tweet, which says he he his probability is now down to
35%. Five. Percent. Yeah, 11 minutes ago our odds of ETF approval by May deadline are down to 35%. I get all the reasons they should approve it, and we personally believe they should. But all the signs and sources that were making us bullish 2 1/2 months out for Bitcoin spot are not there this time. That's that's what he said.
There is really important because the comments that I got back yesterday was like, oh, BlackRock this or they're definitely going to approve this or grayscale this. And Eric is not actually making a commentary on if they should or they shouldn't approve. It he's not. Yeah, exactly. He's just making a commentary on the signs that you see from the SEC, which tells you whether they'll approve it or not. You you see what I mean?
So he's like I I've seen different behaviours or patterns or characteristics or data points really. Interesting to me because they previously these would be articles on Bloomberg, right? There would be articles on Bloomberg. I remember seeing them. Twitter, bro. It's the place, right? Right, Bloomberg, maybe own news terminal, right? Like this is going to be a story. Maybe it's. Going to be us. Maybe We're going to be on Coinbase. Again, we are we hey, let's go, let's go.
Coinbase or and? Then they're going to blame us. Then they're going to blame us for crashing. E Yeah, they. You know what though? Like the? Lands for fighting east. What? Listen, shit. I. Think. Listen, listen, I I mean, I I think this is this is good for the all coins and the meme coins. I don't care. So it doesn't mean. I think it is. I genuinely think it's a lot of
bullish for a few things. Exposure might actually be bullish for, like, Weirdly. Certainly not bearish for Solana, which is where my perspective. Maybe bearish for Solana short term. Me and Novi were debating that. I don't think so. Solana's been running with Bitcoin. I think Bitcoin is. Going it was.
Was, was. Was. The other thing about Solana is, remember Solana has very bad technicals at the moment is there's obviously selling pressure on Solana. So, and if something creates technically weak and you get a bad headline, it gets very true. Very true. Very true. This squares me. OK. So look, we'll see what happens. You know what though? Nothing better than an underdog story.
So I'm going to go and pull the market after this and I'm going to put a little bit on the ETF getting approved because the odds look nice and this is where I like to get in. But you know, we'll we'll we'll we'll see. Yeah dude, I know, I know, I know. Andre Smith. I'm sorry. It's not my fault. It's not my fault. He says, oh this show is just a Big Bear show at this point. I ain't no bear but my Co host you know maybe KBM got to their
heads on wrecked radio. I don't know what's going on you know. But Speaking of KB MI mean lads, KSI yesterday tweeted that he was shorting crypto you know, followed by KBM tweet saying that he's short. But what people realize is like a momentum trader, it's like he's in and out within 5 minutes while the rest of the people are just still like debating what KB Ms. in and out of.
But but you know that happened and the market seems to have ripped the other news that we had the other headline and I I definitely want to play some of this video here on on on the on the show Donald Trump. Donald Trump's a former president Real Donald Trump says he has fun and makes money with crypto proceeds to promoting his NFT collection. Hold on. It's not playing. I think my sound settings Let me let me let me fix this with you guys right now real quick. There you go.
Trump is definitely, he's definitely getting more bullish on. I mean he he basically said he didn't think it was that bad. He just like preferred the dollar a couple weeks back and he was like, oh, it's fun, I've made money from it with my NFCS, he said. He's not, a lot of people have adopted it, so he's not going to do anything with it. Like, he's definitely not anti crypto, so. Don't you like to see? It which is I don't think I even know what Biden's position is on
is on crypto if I'm honest. Like, I actually just don't. So, but it's definitely Trump is taking a more positive line towards crypto in the last month. I mean, I don't know what Biden's personal position is that much, but from the way his administration has been, yeah. They're very. Crypto.
I think. I think we'll we'll they're probably on their side of that watching you know reading Senator Warren constantly bash it and everyone from you know what was the name of the lady that called this Benance. I forgot her name, Benance. Oh, yellow. Yelling, you know you got yelling, you got war and fighting you got man over. You don't have to bear tweet during the show. You don't have to. What's? He talking about now? I didn't bear tweet. Yeah he is yeah he's he's he's
explaining himself live on the show. 11:10 AM Coming to you live from OS FS X account OS F Why do you bull post 1A then Cautious pose the next day. Ask no one. It's 'cause I'm extremely cognizant of staying focused on managing risk and efficiently and not getting poisoned by euphoria. I will not allow myself to feel happiness until the job. I mean, I have to say I agree with this part. I don't agree with this part. You are allowed to feel happiness on the way up.
So I I do want to. There's there's euphoria and there's happiness. That's that's true. I It's not. It's a personal decision for everyone and for me choose not to feel happiness. Yeah, I love, I choose I well, you know, you choose unhappiness. I choose I choose rich and I
choose happiness. So while I'm talking about this, can we just take a second here to like talk about our media colleague, our our fellow morning show, you know, host of the nifty portal which is goes live before us every morning also Monday to Friday since yours. I mean, can we just take a second and appreciate what happened from Friday to Sunday for Nick O'Neill? What do you what? I didn't really talk to you guys about this, even in the background.
Did you guys follow and, like, you know, play along a little bit? I followed. I saw the coin as well when it was like, very low. Oh. My God. He's really. I just don't understand, like, how many people seem to have fallen for it. Like, it's so clearly satire. Even in the video, it looks like satire. Oh, my Show 4 brings me to $3000. High Tea Service at Baccarat. Choose rich. High tea service of baccarat is
fire, by the way. But what's what's funny is that he keeps getting community noted right on X. So it says Nobody said the champagne was fake, just that it's not as expensive. So it's champagne video, yo. Cheers to all the Twitter haters who said I don't own my Miami house. I'll have you know I have the staff load up my jet so I could fly out here to my New York City
penthouse. Pierre at There. Anyways, while you're click clacking on Twitter from your mom's basement, I'll be sitting here sipping from my $5000 bottle of champagne. Remember, choose. Rich. And so that got that one. They're like, oh, it's not $5000, It's a Titan girl. Champagne. It's no shit, bro. You know what I mean? Like, is this, you know what? I'm going to say that this is not helpful and I'm going to say the source is not reliable. I'm going to appeal this
community. I'm going to say submit an agree. There you go. I'm gonna say this is abuse against Nick O'Neill. And then it all started with the chose rich video, right? Which is this. And then you have this guy claiming that. So Truce Labs is claiming that Nick O'Neill is is funded by the Chinese Communist Party, by the CCPI thought the CCP stood for Crypto Cabal Party, but no, it turns out that he apparently he's being funded by China. What do you guys think about that?
I don't know. I've seen this guy's post. They fantastic. Very rogue. Like fantastic. He's he, I think he calls out metallic all the time as well. Like he calls out a bunch of different people and I don't really know if he yeah, he's he's very good at his job. Yeah, I don't know what's going on, but it's pretty funny, so there it is, he said. KBM was like the founder of Yeah, there was something about KBM. And buy bit I. Was like what? Yeah, this one was great too.
Nothing more hilarious than the guy. Sitting next to I. Chose. Rich every time from a clearly rented house. He claims to own it, but his suitcase is right in the corner, so I guess he's. He's going to struggle to explain that one why he hasn't been unpacked in his own house. I don't think so. I chose rich every time. I chose rich every time. You know Nick went viral. Can we. I was thinking about this yesterday. This one's for me. Twitter fools chose pro in the feller look.
Clearly the nifty portal organization had a great week in Miami having a little off site you know and choosing to to They've got an off site right. And it's funny because they planned all this right? They're actually content masters like what people don't realize is really good at what they do. They've been doing this as long as us you know and they've been doing this for a while and and you know and the and the post that originally posted they'll start with this one post right.
End up getting 32,000,000 views. This post 32,000,000. It was posted by Trust Fonterry on X on IG. The New Yorker posted it every single media in New York and a lot of people like me and Paige picked it up. I have a question And can we think of a more viral moment ever for an NFT native content creator? I don't think so. 32,000,000 is a big number. Haven't you seen that right? Like that's one post That means it's gone over 250 million impressions across all social.
Yeah, I've never seen numbers like that ever. Like, it's pretty insane. Fair play. Fair play to Nick. Fair play to Nick, man. You you won. And I mean, it's had. Had normies, like texting me about this. I was like, do you know this guy? I was like, I was like, yes, Nick. People are like, oh this? Guy is such a douche bag, man. I was just like. But what's funny, guys?
It's like the CT guys originally fell for it like it was like core CT and went viral and everyone seemed to have fallen for it. And like us NFT Twitter folks are just laughing because like, we know Nick is fucking around, right? And it's funny because. Technically, what if? What if he grows into the character? I mean I I hope he does.
I was talking to Nick over the weekend and I was like I really hope he like keeps going into the character and which obviously like Bodago saw a pump on the back of that we saw Nick token get a get a little pump on the back of that thing that went all the way up to $10 million followed by like a beeple every day. So like you know the you know the the space was quick to go out. But anyways quickly we'll have 5 minutes. Usually we we talk meme coins, we talk NFTS and whatnot.
Especially in the time like this. The new meme Co meta seems to be all about like those those characters like the the the the Trudeau one and stuff like that. I completely missed I was having my weekly Mysterio path treatment Sunday and I missed generational wealth on a Trudeau shit coin. But Mandelse, you sent it to me like dude it feels like this one made for you.
I was out, I was like you know, but it seems like there's a whole like you know trend going on on Solana right now which has really turned into a full gone blown like full blown like Sky Casino. So that's going on right now. And then the rest of it is just you know NF TS kind of like lacking on that front. So there's not much to cover when it comes to that. But that's really what is going
down. That's based on if you guys had anything to add to that and also the fact that OV had cancelled PD 5 because everybody pissed him off. That also happened over the weekend. Do you want to address that OV? Do you want to address you cancelling professional DJ? Basically the for our mint we just need the ability for different wallets to have different mint limits and the current magic. Even contracts didn't support that, so I asked them to modify the contracts so we can support that.
That's that's what it's actually canceled. Guys, I was obviously playing taps, made a fake screenshot of of obviously he's tired of everybody and their expectations and that he's quitting and obviously, naturally I had to. I had to mim into reality. Maybe it's to get you guys to admit less of them. But I was kidding. I just because some people took it seriously and were worried they'll be like, Oh my God, is he actually canceling?
No, guys, OV's all canceling. And you know I'm assuming when you have news like you'll share on the show. So we'll keep you guys posted about what's happening with PD5. But anyways, quick glance at D Gen. Dash port here on ETH. Peplicator was the big winner this weekend. Huge winner was up 600% at peak. That was minting Friday I think. So Matt Fury raking in another four and a half million dollars. That was with Friday's ETH price, so a little higher today. So not failing to mint out a
project. It's something minted out. It's just as many as it could mint. It was 22,000 units of Pepe's guys board Apes. Once again 10 points down on the day. Looking closer to 15 ETH here. Yeah, man. Down 35 points. It's all you guys too. You guys started the cascade, so blame OSF and Mando Crypto, obviously. Just kidding. Y'all. But that's going on right now,
so obviously that. But look, I mean, I'm not really per SE worried long term about the broad ape itself, but definitely something to look for and in a sign here on ETH NFTS recent So 2 1/2 some big crypto punk style. Over the weekend I saw Beanie sell for like $800,000. One of the cleanest punks in the collection was it was the beanie with the 3D glasses. So I'd love to see that some punk styles again like the floor sell about $200,000. ETH price lower but you know ETH is also $4000.
He got some liquidation cascading again, just same thing. Blur farmer's just getting like a ton of stuff happening there so that's not doing well. Same for zuki pudgies as well. I wish I had 13 knees Sappy seals I don't know if you saw, but shout out to wab give him some some flowers. There he is like starting this
like open world concept. Like I saw seals come home you know kind of a fork of like apes come home like this new world where like a bunch of people can like come and hang out on this metaverse. Shout out to him for including meme coin communities. I think at the moment meme coin communities are what NFT communities were like early 2021. I don't know if you guys agree with that or not, but that's kind of what I'm seeing form here, which is kind of funny. So he included MOG and another
coin, forgot which. I'm sorry about that. Maybe was it ticker Bitcoin probably and and something else, I don't know. But it was one of those. So there was that on the seal. So we saw some movement there on Bitcoin. Everything's down, but everything was up a lot. So you know, puppets, wow. Puppets are .14 Bitcoin, but that's with Bitcoin at $72,000. So it's normal when the underlying asset is denominated and goes up, the asset goes up, goes down, the NFTS go down.
So pretty large pull back all across the board on ordinals with 20% down on node monkeys, 20% down on puppets. I saw this pups token thing. I spent an hour this weekend, boys separating my puppets into wallets, gambling, speculating on the fact that I could potentially get an AirDrop per wallet versus how many puppets you have in a wallet, but it's on Bitcoin. So it took me an hour and 30 minutes to separate everything. But you know what? You know it was a chill thing. It's vintage.
It's luxury. You know when you when you order Chanel purse or you go buy like nice pair of sneakers of Louis Vuitton, you have to wait like 30 minutes for the bill. It's just how it is. So maybe not 30, but you know what I mean. And last but not least on Solana, same thing. NF TS. Lower Fragana's up a bit. Mad lad's up of course, like they keep getting air drops. 10 sorens were up a bit, it's a fifty thing. And then Podagos of course
getting all the attention. They were up to 8 soul but retraced a little bit back down to 8 seven Soul on the back of Nick of course going being absolutely viral AF over the weekend but that's about it. I don't know if you guys are seeing this Jason safe calling the BTC Maxis annoying and stuff. So it looks like the Bitcoin Bros, the Bloomberg Bros, the ETF Bros are all at it all the timeline today. So we're going to see what
happens on the race of ETFs. And guys, this is funny actually look at this, he backed it up but he got he goes BTC Maxis, you're kind of annoying as hell on this topic about the ETC. Don't want to know where the Bitcoin Max is, man. Oh man, oh man, oh man. Anyways, the price is going up. We have a packed week on the show. We have guests almost every day. Tomorrow we're doing Robin Luttbach spin, so excited for that lot going on.
And we have a project coming up and on and on and on and I think I think tomorrow fine, Launching the the DJ Ali. The DJ Ali thing That's what I'm hearing. But we'll see you tomorrow anyways. Anyways, Callie said. So I'll wait. Shout out to Callie probably listened to the show now but with that with that bit that shout out to our show sponsors Pallet. Check him out. The fire our new our new partners. You'll hear more about them throughout the month on the show
cool generative art project. And of course we'll bet. And with that, we'll see out tomorrow morning, 10:30 AM Eastern Standard Time. Something three. No. Now, 2:30 PM GMT for another episode of Formal Hour on Rogue Radio.