No, yo-yo, what up? What up? Good morning, Good morning. GMGI don't have my little music on GMGM Friday, Friday, Friday, then April 12th, 2020. Oh yeah, there you go. There you go. Chad. That is getting used to it. I think it's his first day producing The Sims Boy is not here today. But you know, and the hang of it, he cooked, he cooked, prepared everything perfectly. I got my coats in the house. OV how you doing today? Good man. How you doing?
I'm much better than yesterday. That's I tell you. But yesterday the sun is shining bro. I saw your post about London. I was like same thing in Paris. I mean it is summer in Paris right now, like 25°C. Whatever it is in Fahrenheit, 25 seats F 7780°F Sunny bro. Sunny. I just want a 2 hour walk, nice walks. I did the Jardin de Tuilerie back and forth. Then I went to have a little pound chocolate and to little to the Madeline like cafe, you know, You know how I like to turn full French.
When I'm here though, I'm wearing a Germany World Cup T-shirt. I got a lot. That's when people were looking at me weird in the street, like wearing champion DuMont, Germany with all their stars 1994. I wonder. That's why people were so rude to me. Because they're French. I don't know. Both. I can say that I'm French, but the sun is shining. It is Friday. Last show of the week. This week has felt like a fucking month. Our boy Mando is still not here. We missed Doug.
Jesus. But he's moving. He's moving homes right now. So he's been. He's been quite busy, but I'm pretty sure he'll be back from Monday where I'll be hosting from the Emirates. From the Emirates Anyways, today on the show. Oh, what are you drinking today? I feel like you always have a new exotic drink. It's like a vitamin drink. It's not wrecked drinks, dude, What are you doing? What are you doing? Yeah, I know. It's not a wreck drink. Come on, man. Save them for people. I like that.
OK, fine. That's fair. That's fair. That's fair. Nice little energy drink. What up, What up? All right, y'all. You know what to do. It's Friday. It's loot box day. Your boy has to has to do the loot box. I'll prepare him during the show. Two people are going to be picked for $5000 pin. So two chances of winning a $5000 pin. I mean, we've given away like $200,000 so far on the show over the last couple of months thanks to Robit and today's show.
Today, today, what are we gonna talk about? We're going to talk about daily market, Azure, crypto macro, Bitcoin, back above 70, I think. Well, not anymore. Shit. Fuck. As the show started, I think we were nearly $71,000 when I woke up here in France. So market was pumping and the market is wow, we're racing at 0 now. Damn it. Damn it, damn it. Bitcoin is only at last cycles all time high shit.
Actually, I want to talk to you about this because the timeline feels so bearish, like what's going on? Like I'm gone for a week and everybody's fucking bearish. What? I mean, not us, that's for sure. I mean that time my group chats, the homies are all bullish as fuck. So the timeline bullish. You know, Bitcoin in narrow range. I mean, dude, I'm telling you, the lions, the lions, the astrologists. So far so good. My favorite astrologist on the timeline.
This is this bullish Pennant there. It's looking good. It's looking at because completely break out next week as the halving is around. So we'll see ETH accumulation by stable Conwayans is increasing new ETH IPEIP sorry to reduce number of signing transactions. Full activity rebounds. Actually, OV last night I Where's OV? What? Nope. His Chrome browser crashed. I'm like, I'm like talking to myself here and I'm like, holy shit, Obi's not here. Oh, he's back.
Obi's so funny. I was in a different browser and I opened it. So I was like, wait, what the fuck is Obi? Yeah my my Chrome crashed by me. It happens to me. By the way, I don't know about you, but the new computers that we all got, my Chrome, my WhatsApp and my imessages tend to crash a lot. I don't know why. Yeah, I just have random things crashing right now. Like my Internet crashed earlier
today. I think Chrome is just quite shit, but I like the only thing I like about Chrome is like being able to use different like accounts. And yeah, exactly like I have my work one and personal one and all that kind of stuff, but. It's like when Mando left his Chrome account open on my computer and I realized a week later that I was locked into his Twitter I was going to post a troll. Like something funny He didn't because I feel like something Mando would hate.
I I consulted with Obi. I was like, Obi. Is that the type of thing that Mando would be really pissed about? He's like, yeah, I was like, OK, let's just not go there. He did Mando minutes from my computer in Davos and then he laughed it open and shit. I didn't do anything. I closed it. But you know, I definitely thought about doing something. Anyways, to read about this Obi, I was saying last night, I was at the founder of President Ledger Pascal Gautier.
He owns a bar in the second. I want this small or around the market. So I went there and it was a bunch of cool people like hey Rodgers, Errol Wengraph, the Ledger crew, Naveen from Tari. You know the fam, right? And I as I'm waiting for my Uber, I heard these people talking about whiff and onsome. I'm like, oh wait, if the hat stays on, the hat stays on blah blah oh shit, OV's lagged. Or unless it's me I think OV shit crashed again.
Anyways, I'm going to keep telling my story because I guess it pertains to everybody on the space. And then as I'm, I'm hearing my wiff like, whiff the hat stays on, like, hey, and I was like, what's up? I'm Furoko. The guy goes, I'm a Solana Foundation. I'm like, what's your name? He goes Austin. I'm like, shit, you're Austin Federa. And so who was Austin Federa, the head of strategy at Solana, talking about whiff in the streets of Paris? I thought I was gangster.
And so I asked him, I said, and I was like, we Austin, can I ask you something? It was yes. I go, when the fuck is the network going to work again? I had to, you know, I was like listen like 80 or 90% of My Portfolio now is like it's a lot and it's ecosystem. I was like, listen, I'm building on Ethereum, but I was a lot of guy when it comes to my money and and he said that the there's the patch come in and he was, he said it with confidence and I
like that about my founders. You know, he said it with confidence. So I think we'll be good of it. I think we'll be good and we'll talk about this because Mando sent some very interesting stats in the chat about Solana. I know you've been talking about that a lot as well. And then on to on to the next one. I mean all memes and dreams. I mean I'm sorry. Y'all I'm going to talk about runes again. I'm sorry but I'm not sorry. I'm going to bust your ears
again about runes. Because every day I check price, good price. And I'm think we're almost, I think we've almost defeated the non monkeys. Where are we at? Oh no. Every time we get close we get further. God damn it, fucking Bitcoin whales. We'll talk about runes. We'll talk about ordinals. We'll talk. We'll talk about all that good stuff with y'all and NFTS this and that.
Coinbase listed Pepe futures What finally about time type you know Coinbase complete 180 from from writing that it was not a good coin to being I guess trading futures on there so shout out to them for that and then I don't know there's a lot of fun around block you have packed finance liquidates 26 miles of changing the rules So whatever the fuck is going on there I heard it was Paris based guys that already fucked up once on east another X copy sale Geez grass $1,000,000 Spencer
adventures. Her boy had an announcement yesterday I'd love to see it good friend and and of course you know today's guest is Fairside is gonna be joining us.
You've heard of Fairside why Because they are title sponsor of the show so Fairside network the folks that are gonna be joining us for guest segment at the end wallet coverage for trains scams and more So excited to actually ask them more about what's going on so you guys can hear and then of course this show is also powered by film that IO the world's most powerful decentralized filmmaking ecosystems. So remember to retweet the tortoise space and spin at the
top. The Bomber might is a purple box. Drop me a GM because you know we like her GMs. And then also retweet for one and two chances of winning aerobics pin. Let me tell you, you're going to make money for sure. Guaranteed, because that's what people make everyone with us anyways. Without further ado, let's get right into it. Daily Market report brought to you by Rug radio. What's the word? Yes, it's not really a great day to be honest with. You like stocks to lower.
Again, I think we're down one 1 1/2% in the S&P 500 and the NASDAQ rates are off their highs, but they're still obviously very elevated in the context of this year. They're still at the height of the year pretty much. So tradfire's not looking really that great. I think we will have, I think we have the FOMC next week. If I'm not wrong, I guess FOMC of the year. Oh no, no no. April 30th to May 1st. So we've got a while until the FOMC.
So curious to see what happens in the for the next couple of weeks as it's a while until we next hear from the Fed crypto price action is not really great. I mean we were above 70 K for a while. We're now back down to 69.5 K What I would say is it does feel like it's Bitcoin that is outperforming everything else. Bitcoin dominance is almost all the way up to 55%.
So we're almost back to the highest there and alts really do feel like they're leaking low all the alts across my screen and just feel like they're a bit down only here. So definitely not a great day for price action in crypto and especially alts, Bitcoin ETF flows. I think we had a positive ETF inflow day yesterday, but like I said, right now we're kind of scaling up plus 100 -, 100 million in terms of flows. There hasn't really been a consistent stream of inflows or outflows.
So we we're not really moving with great sensitivity to ETF flows at the moment. So I just think we're in this period of like fucking chopping around and crabbing for a bit. Funding is still very low, funding is not high. So it's not really like people are getting liquidated on on
levered longs here. I just think it's, it got to that point where we probably had a retail influx of people who entered this market, you know at some point in in March and people probably went you know balls deep on alts because we're all waiting for the alt season and that's where we're going to get like the big multipliers from. And now maybe people, some people have thrown the towel and I don't really know, but also across the border just very,
very weak at the moment. So I just think I think it's probably a good buying opportunity on alts. Like I'm still really bullish for the rest of the year. I'm not really fazed by the price action that we've been seeing in the last few days and weeks because you just get you do you do get these periods of consolidation and it's not always going to be up only and it feels like we're in a period of consolidation for not only crypto but also traditional
markets as well. So yeah we're going to be I think we're going to be like range round here for a bit. I do think with this big alt sell off it's a good opportunity to get into some things if you that you like maybe if anything if there's anything you've had your eye on in the old world and you're like damn, if if that got back there I'd buy it and it probably is back there now. And question is like do you still want to buy it or not do you have the guts to buy it.
So I think it's a good spot to like buy stuff in spot and then wait and see. But you know it just kind of reminds me a little bit of like 2021 or even like 2020 when you had this big great big valley and then things sold off and just consolidated for a while and then we just moved higher again. So I just think you what you do what I would say regard with regard to positioning is especially if you're like big and meme coins and a large part of your portfolio is in meme coins.
Many meme coins will die they'll they'll obviously many meme coins will obviously die after the cycle. But many meme coins will die in between now and when the market starts to rally again. And you really want to make sure that whatever meme coins you own that they have a strong enough community to actually survive through whatever we've got now.
And that's a very important thing because the worst thing you can do really is belong a meme coin that dies in between now and when the market next rallies And then that meme coin doesn't really move while the rest of the market pumps and you're just like fuck like I've I've really like I've really lost money then. And if you if you're not really sure that I think it's better to stay in majors or maybe some alts where you have some confidence that they're going to
bounce back. And there's plenty of different bases you can have for Solana for ETH etcetera etcetera. But yeah, I would be wary on memes that maybe have already died but you just don't know it yet. Yeah, that's that's true. I mean you end up bag holding, bag holding, bag holding and everything rips and it goes to zero. I mean, I've seen that also with NFTS, right? Not just meme coins, but plenty of times where like you know, market goes up.
And then if like it's happening right now in the ETH NFT ecosystem, like the whole market ran for the last, what are we? We have six months of up. Only now are we. Yeah, Yeah, we really have. We've had six months. I mean it hasn't been just up only like we've had some consolidation and stuff, but it has been, you know, the longer term trend over the last six months has been up and I do believe the longer term trend over the next six months will
also be up as well. But you just have to, yeah, you just got to send to it, I think. Wow, I was looking at everything. I mean, look, it's looks like there was quite a little dip on Bitcoin, but whatever, it's like literally back to 469.4. It looks like Solana and Whiff obviously grinded a little lower here with Solana at 166. Now damn, if I look at this, I've not tried this. But this, it looks doesn't look that nice. We just need a fix. We just need a fix.
Austin, I told Austin, I said, yo, stop fitting the show, man. Come on the show, he said. OK, I'll come on the show. So we just waiting for Solana 1.18. WIF is back all the way down over to 3.1. Yeah, down. Look at that dip. We went down to 2.293. I think there was just a big red candle across. Everything. Yeah, everything really. Yeah. Like sold back down to 166. Yeah. Bitcoin 4 hour on Bitcoin's fat red candle, right? Right there. I mean, yeah, it's big red
candle. But when you look at this, you're like, OK, like, this is whatever. My favorite astrologist on Twitter keep talking about OV. So I drew the This is not me. I'm not smart like that. But I just put the same lines as my favorite astrologist on Twitter, and that's what they got going on for me. So when you think about it, you're still there. You're still there, still there. Hey, it is Shabbat after all. Later today. So you know, you know, I like my
Shabbat camps. You know it usually even Friday daytime and then Friday, you know Saturday morning in Beijing. You know what I mean? Like, yeah, we're gonna brought back into it, you know. Usually it's a nice place to buy. I bought, actually I bought more soul this morning over, you know, a little higher than this. But I don't care. I just keep on adding soul. I like it. I saw one ETH was 20 soul. I was like, OK, fuck, I'm just buying another 25 ETH soul. You know, I just like the
number. It made sense. 25 ETH equals 500 soul. Sure. I mean, fuck it. Why not, right? So that was my trade of the day. I even asked Ovi said should I leverage like, eh, Feroke, Maybe he shouldn't leverage. I was like, you know what? Maybe he's right, so I'll just buy more soul. So that's what I ended up doing instead of leveraging it. And I thought it was good call anyways. Also on the market. I mean, dude, look, we were talking about Pepe on this show
every single day. Back then people thought we were crazy friends, not friends, thinking this shit's going to zero, never going to recover. Here we are almost 10X higher than when we used to always scream about it. And it's I went to 3 something Bill wouldn't be surprised if it re flipped whiff if whiff is down like that, but it's got dude perps on Coinbase. I mean Ovi, does that mean that naturally the next thing is spotless? Is that how it works? It could be, yeah.
I mean, we have less data on Coinbase than we have had for other exchanges. You know for Binance if we look at Doge and we look at and with they they listed perps first and then they listed spot. Now Coinbase actually did this Bonk I believe and so I'm curious to see if they listed Bonk perps before they listed bump spot. I think that would be a listed. Bonk. I think it was one of those weird things like. That would that would be a good that would be a good data point.
I think they, I think you're right. I think they just went straight to spot. But yeah, like look the probability of Coinbase making a a spot listing on Pepe is now a lot higher than where it was prior to this, this perp listing.
And one of the things I think they will assess is that hey, you know how much volume actually goes through on it and how much will trade And I think a lot will trade like you know a ton of Pepe perps trade on Binance, a lot really trades on Binance. So yeah, it would be good to. It would be good to. To see what happens next. Does hey not to pump my bags or yours, but is that bullish for whiff getting a list day or not? Is that is, is there?
I think it's unrelated and you can tell me I'm wrong with it. From from what I understand, Coinbase are really trying to push their trading product more than you know that people just don't really use Coinbase to trade that much. They literally have a new Twitter account called Coinbase Traders. Yeah, I saw that. Yeah, which they made in in December. But it's a brand new account and they actually like, you know, we had, I went to a Coinbase event in London a few weeks ago.
I met some interesting people there and they're just like reaching out to like big traders and stuff and trying to get people to to use our platform a lot more. And so I think the feedback from that dinner was like, look, we're all, we're all here trading meme coins and we're all trading on chain because you know, that's where that's where we can actually trade these coins. And Coinbase doesn't have any of these things listed.
So I'm sure that feedback's been rolled up and and maybe that's one of the things that's kind of results in them listing Pepe perps because it's still I think one of the biggest music was by volume. And so I'm curious if they're going to, I think it is bullish for WIF because I think WIF is you know the next largest as well. So I'm curious to see if they also add that, add that to the thing as well. And I've got a feeling they will. I really, I really have got a
feeling they will. It's hard if you're This is like them saying, hey, we're taking a step into this world because we want to get more people on our platform, he. Tweeted that out right? The guy that runs Coinbase traders is a punk, right? He tweeted out. Like you asked for it. You got it. It's not a punk. But they everyone at Coinbase for some reason has these like honorary like weird looking punks. I'm not trying to hate you. I like you guys. I like everyone.
Shout out to all the exchange folks because we need y'all. But I'm just saying and exactly like you asked for it and you got it or something. Who? Who? Who is who is that? Who is it that tweeted it? The London guy. What's his name again? Yeah, this is the guy that I'm this is the guy that I met the other day, but. Yeah, the guy you're talking about, what's his? Name Osman Naim. Yes Osman Naim, yes, yes Osman Naim, he tweeted out Like you asked for it.
Here you go. Or something like that. You ask me this and bring it on, yeah. There, there you go. There you go. So, and that's what the people want. The people want to trade memes, bro. You know, like I have to say, I was on a panel at the Ritz yesterday morning and it was a very like very corporate type of event like super Corp, like B2B as fuck. OK, like definitely not the type of place that you'd see me speak at. Usually there was a slide on meme coins, you know what I mean?
And in the room you have LVMH, you have the biggest companies in France, fans like it's a room like 50 people and everyone's a Chad, right. And slide on meme coins, you know, it's like the the only thing people are talk. And I swear I keep saying this, right, every event I go to new and I go to a lot of events. So it's all either ordinals or meme coins that people are talking about. It's the only interesting things people care about, so.
I mean I would if Coinbase had a a bunch of meme coins like I would use it. Like I would use it to trade between sport and Fiat. I would use it for interesting, Yeah. I'd trade the perks and stuff like I would use it and. The whales want it, yeah. I mean they. They know that. They definitely know that I would definitely use it more than I do now, and it's just they haven't had that stuff
available. Like love that you know we're not here like most people are trading meme coins because they're just weigh much more return and volatility in them and yeah we do have alts but like they're just like we all know if you're you know there's your EV is like much higher just trading meme coins spot meme coins than it is like 11 alts so. I mean that's I think I can get crucified for saying this or not.
But I think meme coins are just cycles Alts like, you know it's a lot of what are what do they do like I don't know. You tell me. But you know aside from the usual stuff like, you know the arbitrums in this world love you know, and and a lot of L twos and whatnot, a lot of really cool things going on. Speaking of alts, I mean there's a tweet about, you know, who was talking about Ondo a lot Mando
on the show. I remember he was like Mando Ondo's Abhai BlackRock sent $250 million to Ondo Finance. So BlackRock is active on chain man. I Larry Fink is an on chain Chad and you're bearish anal any bearish Larry Fink is moving 1/4 billion dollars on chain you know bearish. What am I reading on the timeline today OV that's why I I so let's talk about this for a
minute. I I I quote tweeted your tweet 'cause I thought tweet of the week tweet of the week goes to OSF you know you said something you said Max Payne is going to be selling our bags early out of boredom and frustration only for everything to go to. Then go on a monumental rally this summer to which I added, don't sell and mate and go away, but go away and leave your keys at home. Don't look at anything. Trust the conviction bets. Fuck off and enjoy the summer. And that's how I feel.
I have a lot of conviction, but I don't want to trade this summer, man, like we've taken too many trades already in Q1 and in Q4. Actually last year was crazy, but what do you what does Someone Like You that has been really successful trading this industry so far in the last two years? Think about that, Hovey. You know, like, yeah, we we're in a good position now. What would you tell the people listening to this?
I think you just have to make sure that what you own, you have real conviction on. You know, like you like the market will. I really strongly believe the market will rally from here in the next six months. If you just own Bitcoin, bitcoin's going to be higher, right? But if you own like some random esoteric mean or some random OL that that may not be higher because not everything, everything goes up.
So I just think that now's now's the point in time where you really should like look through your entire risk, your entire portfolio, and make sure that the majority of it is in something that will definitely go up if Bitcoin goes up. And I think there are probably some people out there who's you may have your entire portfolio in like 1 random meme coin that's at like AI don't know, like $50 million market cap and that might may just like never move if Bitcoin goes higher,
right. So you know, I think just like just look through and just try and have something even like something something like Solana Man. Like I I still think Seoul could be like a 5X trade this cycle. Like there's still a lot of upside in these things if you're just patient. And I'm not saying like sell your meme coins. I'm definitely not saying that because I do think Seoul meme coins will have another, you know, crazy run as well, probably sooner rather than
later. But I just think you want to like look through every single position. But like do I really think and believe in this, do I not, and try and construct it So it's like 75% conviction, 25% gambling or things that you know, you're you're not sure of or you're just like this could be 100 X, but like, it also could be a zero. Like you want to make sure that's in a minority part of your portfolio, I think. And then take it from there and just be quick.
You know have liquidity like you know you make your options to like make your opportunities to buy dips. You make it new things that will come up like you want to make sure you're liquid in order to be able to like get that stuff, which is the main reason why I really haven't gotten deep into NFTS this year or ordinals or anything like that.
Like I want to be able to act quickly and have liquidity quick if something comes up. And I think the NFT trade is going to be a later part of the cycle for me personally because I still think there's similar returns you can get in and
memes. So but yeah I just think it reminds me of it does run in 2021 like I said earlier like spring 2021 everything put and lots of people just left and then in the summer we just went on this like crazy crazy rally and so many people were just like fuck, I sold everything and I'm not participating in this rally and I've I've missed out on the whole thing and I almost like sold everything I left but I didn't because I quit my job at the time and I had spare time
and I got stuck into it and that obviously was made a big difference for me. So I just think we're going to chop around and consolidate for a bit, but we're going to have this time when we start rallying meaningfully again and you just don't want to miss out on that. I think I think you don't want
to miss out on that. But just you have to really like make sure you're all good in terms of like being able to hold your your position as you're not overextended, it's not affecting you too much emotionally or psych psychologically and all that kind of stuff. It might make sense for some people to reduce a little bit here and be able to bid dips. Maybe it doesn't like, I don't really know, but everyone has
their own individual situation. But I do think you want some skin in the game and I think that now's the time you got to be patient. I think last time you got to be patient has some skin in the game because I do think we'll go on another run. And where you make the most money really is in that last 20% of the cycle of the value when alts go crazy, you know like. A small window.
Yeah, yeah. I mean, I was talking about that with locks earlier, just walking around and I'm like, dude, Bitcoin's lady just hanging out last cycle's high. Ethan's still turning $3400. Hasn't even come close to hitting last last cycle's high yet. You know what I mean? Like Solana, yeah, sure, in market cap broke its high, but it's trading 165 bucks And Speaking of which, you know that was the statistics I wanted to
share earlier. I think it's hitting records every single day in terms of like usage with significant upgrades in network, incoming activity on Solana has reached new yearly highs handling over 37 million transactions in one day. This represents an increase of over 85% from last week and is also the most activity the network has experienced in September 2022.
And you're bearish ain't on. I don't care if you're a Solana guy or Eve got a Bitcoin guy or for Avalanche guy or whatever guy or girl for the matter, dude. Like every this is like this is it. You know this we're we're there. We're almost like we talked about these moments every single day on this damn show during the bear market. Y'all want to give up now? Feel like every people need a pep talk over here, you know
what I mean? Like we were all talking about how Bitcoin's going to be 100K200K300K whatever in 2022 and that that we're cute too. It just started 2024 and MF first wanted to tell me that it's over. Come on, y'all, come on, y'all. Have some conviction. It's. Not over, but I do think, you know, I do think so much so I do. I do think some you have to remember. I think some people are kind of like late into the game.
Of course. You know, they've only maybe just entered crypto in the last month or so. So for them, you know, I see Anson tweeting quite a lot about like, you know, you guys are all, we had a a crazy ride for the last six months and you guys were all upset. And I just think like the people who are upset more vocal than the people who aren't upset who are just chilling and other people who are upset you may have gotten into crypto at later
time. And yeah, even if you didn't get into crypto at later, you may be someone who's held Bitcoin a wreath for a long time and didn't think to rotate to to Solana until a month ago. I didn't think to try your hand at Mean Coins until a month ago or alts until a month ago. So I think, you know, unfortunately some people only really got up the risk curve in the last few weeks and and now feeling the pain because they're not. Some people out there have made a shit load of money right?
This already. Some people have a shit load of money and some people haven't, and the guys you haven't are just like, fuck, like I sold my Bitcoin to buy this thing and now I'm down South. Yeah, I mean, look, things could be worse. You could be no monkey holder. Speaking of which, I'm just kidding. I'm saying this cause facts is in the room and I fuck with facts. But he doesn't like the fact that we've been taunting them the whole time. He doesn't like the Bitcoin puppet holders.
So I I gotta mess with my boy here. I gotta mess with my boy here. So Speaking of which, and then we'll go to the fair side network, folks. I see the boys in the studio here. Oh nice, Bitcoin is 69420. What an iconic meme price. But you know, Speaking of Speaking of that, I mean, man, rune Pops OV 600% on the weak. That's what they're up right now at .15 BTC. You got the Bitcoin puppets that are at .46, I believe, with node monkeys at .49. So the race, the race is getting tighter.
The race is getting tighter. You have rune stones at almost .1 Bitcoin, what else? I mean, shit at .47, my God, you have rune notes. I think that's going to be a cook. For what it's worth, don't sleep on rune notes because you know they tie the nude monkeys, blah blah blah. A lot of people are in the money right now as well. So I do think, like, you know, I was bullish on rune pops and I won't know rune notes, so this
is a no begger. I do think this is something y'all should pay attention to because similar narrative perhaps, And at the end of the day, no monkeys are going to do really well. I was actually thinking of perhaps adding one at these at these prices because I think it could be a cook. It's not like no monkeys are going to disappear tomorrow. So I would pay attention to what's going on here. We're Oh my God. OK. It's .47 to .48. We're almost there. Come on puppets.
Come on puppets. Let's go. You have the quantum cats at .35. So look it's really all on on Bitcoin again as I think Ethan NF TS grinding even a little lower today. It's just like and you see a lot of people man OV on the timeline start to capitulate when it comes to when it comes. We did see the big alien sale. They wrote about it. We did see the autoglyph sale 15 mil. We saw the top end like X copies, another $1,000,000 X copy selfie. That's crazy.
Raoul Pal's buying all X copies. He's going to own half the X copies. It's that's that and then and then you have that's it. But on ethic, it's really just middle 80s. It's just me ladies that are running. The rest of the market is not looking too good. Port is now lower than 12 ETH Lasso Jet is up because it's the same artist as their rune pops. Rune puppets. Sorry big sorry Bitcoin puppets. So that's his ETH collection. That's why that one's up
significantly on here. But that's a money man. Again, the stuff that's running is what me ladies associated to mean coins and then lasso jet associated to ordinals. You know what I mean? So that's what's really running. So again, there it is there. Sick punk sale. By the way. This one's sick. This top hat, super, super sick. And then on Solana, I'm assuming we're a little bit lower here as well. I mean, look, we're some green on the board. Oh wow, nice bounce on the Matlands, actually.
And on Tensori and Madlands Backup of 140. So and and 20% bump on the Tensorians. Love to see that. Of course. Boogles, of course. Boogles like OG, OG. Like I wish I had a boogle, but that is so expensive, so that's that. On the Solana side of things, I think that this is a good round up when it comes to the market and and and to all of that. I do have to give a quick shout out to a traditional media that seems to be doing things right. Fortune wrote an article defending Uniswap.
I like that. I like that. You know, usually they piling on us, they attack us and they try to tear us down when we're down. Bad. But you know what? Let's go, let's go, You know, let's go. Coinbase So cracking. Let's go. All the folks that are fighting the SEC, we'll be supporting all every day on the show. You know, 'cause that's what's up. Anyways, what do we get into our guest of today's show? And don't forget everyone. Once we're done with Brandon and Chris, we're gonna do robot spins.
So make sure that you're tweeting the Twitter space. I see there's over 1000 people on the stream on video, over 300 people on Twitter spaces. Well, that's not enough. We want more. It's we're greedy like that. So give us a little retweet at the top, spin the Twitter spaces and and we'll pick two people in about 10-15 minutes and then make sure that y'all win some money.
All right. Well, fair side, every day I say fairs, maybe they open the show and I go this show was presented by First side network, make sure you check out first Side network. Brandon, Chris, good morning. How you guys doing today? Thank you for partnering with us. Yeah, of course, man. What's up guys? Where's Haley? Excited to be here. Yeah, very happy to be here.
Where are you guys based out of? So I'm based in Michigan and some of the other teams based the East Coast and then the devs are decentralized all over the place the globe. Yeah, I'm based in New York City. So we have where our our office is right there at Rockefeller Center. Oh, nice. Yeah, East Coast is the best coast you already know. You already know. I'm a Montrealer myself.
I mean, I'm in France right now, but, you know, and OV loves New York. So, you know, I think what you say is the only place you live besides London, right? It's a it's a nice place in Chicago. It's a nice fire. Oh, no, that's Illinois. My bad. But anyways, shout out to the East Coast, Chris Brandon. I mean, let's get right into fair side because you know, we talk about meme coins. We talk about trades. We talk about the degenerate side of the spectrum very much on this show.
But what's very important is security, right. And you know, I mentioned that was with the leisure crew yesterday and look, it's super important, right? Well, I mean OV is like the security Maxi. This man runs a fortress when it comes to his shit. He's he's I've never heard of someone that's like that even more than you rightfully so. I mean, not in a good way. So Brandon, I'm gonna go to you first.
Why don't you talk to us a little more about your background and also like what's fair side is right, 'cause we I mention every day and at this stage I think that people really want to know what it is. Yeah, of course, backgrounds in the traditional insurance sector. So 2010 I started an insurance firm with a very close friend and we focused most of our attention at the time on commercial sales for large property schedules, cybercrime
and crime bonds. And then over time we developed this very unique specialty in the insurance industry. And so we started a separate division of the company that focused on insurance risk services. And so we provided insurance risk services for regional and a specific regional insurance carrier and those services
ranged from rate making. So think of like providing specific policy input to create the premium for on a policy by policy basis, we focused on product development, design and then go to market strategies and sale of that product. And then the biggest part of what we did was we assisted in the rate making for the underwriting side as well.
So we did specific underwriting around these large property schedules and that led us to doing roughly $100 billion of underwriting on an annual basis for property and casualty insurance for for this carrier. Rewind, you know now six years back and I find in crypto and over just a short bit of time became very like almost fanatical but had such a high conviction that digital assets would be the global financial
future. But equally recognized that this space had this lack of consumer protection and specifically around insurance products in the space we're very underdeveloped and some even I would say we're fundamentally flawed.
So we set out to build you know fair side as this like financially sound and fundamentally sound insurance system that at the same time we could create the same economic and and social and economic benefits of traditional insurance by basically the innovation is migrating all of the core fundamental principles of traditional insurance on
chain. And so we can then match the same capital efficiencies by keeping the same diversification principles in place, the same mathematical probabilities that the insurance industry operates on today. And then use blockchain where it was really meant to be used in this particular instance is to provide like that, you know, efficiency in the, in the, oh jeez, operational costs, sorry, efficiency and operational costs related to, you know, the
insurance systems. And then you can use the transparency around the claims process. You can create a better and smoother faster onboarding process for users. And we looked at the wallets as this core financial infrastructure for the crypto sector. And so we needed to really support the most amount of users if we were going to make the biggest impact. And so think of you know fair side as cybercrime coverage for your for web three wallet.
So you know phishing attacks, social engineering, malware, man in the middle Trojan attacks, all these things that lead to theft of your digital assets while in self custody. And so we really look at this as like this paradigm shift from a user being able to go from a place of financial uncertainty to one of protection by using fair side the the sign up process is extremely simple. Users get an annual membership in order to cover their wallet assets for the year.
Now this type of product though, like we look at insurance and say, hey, insurance needs to have experts building it in the insurance sector, right? You need to have a specific unique discipline. We also needed to look at the
claims side, right? And so we needed to look to someone who had an expertise in the forensic side and in the investigation side to really create the trustworthiness inside the system because insurance systems, you show value at the time you pay a claim right up until that point.
It's just a certain you know and so the claim we needed to find someone in a in a company that had like the same expertise equally to us on the insurance side, but on the investigative and on the digital forensic side. And that leads us of course, to Chris and and his team at Maxo. Wow, OK, that is super cool. Listen, y'all, I know the DJ is listening to our show. We're not used to this kind of conversation, but ensuring your shit is important, OK?
You do it in the real world with your home, your car, your watch. You know your expensive shit well, or even non expensive stuff. I mean, it's just as important with your Web 3 assets and your web 3 wallets, right? I mean, Ovi's got a beautiful autoglyph on his wall. Yes, behind him. I mean, it's an expensive JPEG. It's a half $1,000,000 JPEG. Surely you want to get some sort of theft protection on it once you get to a certain size,
right? Which then leads us to Naxo and Chris. I mean, Chris, why don't you give us a little background and we've pinned to the top. For those of you who are curious to learn more, there's a first side network sweater page. So make sure you follow them, make sure you also like, just look into what they're doing if you're interested. It's super important.
But also Naxo Labs. I mean, why is this important when it comes to like the claims process, right, the significance of a partnership And because you guys are the ones handling claim processes and preventing this fraud. And goddamn last NFT season, boys, there was so much fishing.
I mean there was a board ape getting stolen every day, everyday and those were like like half $1,000,000 of pop and you hate to see that, but how are you guys going to help prevent things like that in that and make sure that people get
hopefully their money back? So yeah it's it's a growing problem it's just getting worse and worse and we hope to to tackle it. So at NAXO you know we're we do crypto analysis and expert testimony and we've worked with you know the regulators and and exchanges and investment firms and individuals you know on regulatory compliance incident response and and just implementing the best security features possible you know but we've been in this game since
2011 go way back. So I was the case agent. I was an FBI agent. I'll I'll put it out there right now. I was. No, no, no, get it. Hold on, hold on. In case of an investigation by any federal entity or similar, I do not have any involvement with this group or with the. I do not know how I'm here former party. I do not support any members by any actions of this group. I'm safe now, right that I played this. You're safe, yeah. Nothing can be held against you now. OK, perfect.
Perfect. Nothing can be held against me. OK, OK. So, Chris, sorry, I didn't mean to cut. You. No, that's all right. You're an ex FBI agent. Now what? Yeah, so, so my team, we've been in the crypto space since 2011. So you know we've been investigating these things, helping people you know get their their stolen crypto back. You know it started off in, you know investigating criminal activity with it.
And you know we've kind of since we've left the government, you know we we've really helped people and partnering with it with Brandon and Andrew at Fairside is was a is a natural connection because you know these guys are doing exactly what we we want to do is help the victims, you know help people of fighting and get that money back. Yeah, no, that that's it. That's great. I mean who better the next FBI agent to start a company like that and help the people get their money back.
And it's true. I mean originally, I mean a lot of people I know I got into crypto early on got into it because they were buying acid online, right. So or their weed or this or that or pizza for the matter. But you know we all know the story of the Bitcoin pizza, Bitcoin pizza guys. So that's actually that's actually pretty cool I guess. I guess it, it is bullish that Someone Like You started competing like that. So that's kind of that's kind of what we definitely want.
Oh man, this is actually. I'm curious from your perspective, what do you, what do you make of this space now, like 10 years later? It's grown. It's grown beyond what I expected. So, I mean, so I I'll put it out there. I was the case agent on Silk Road. I mean I was, I was the guy who Ross and Ross Ulburn. And so, you know, when that happened in in San Francisco, yeah, I'm sure your audience is not so excited about that, but but it just shows you the experience that we've had in
this whole thing. So what was that like? That must have been a pretty. Mental. Case. Destroyed. You have 45 minutes to go into the whole story. It's 5 minute interview on. You know what, That's great. I mean, what was the experience like? That's the TLDR like 2 minute version of that.
Yeah. No it was interesting the whole going through and finding all the details and picking through it And then we had at that point you know I rested Ross and we sat down and talked and he he didn't want to talk too much but he was a nice guy, very nice guy. I enjoyed my time I spent with him and then we had to find out figure out a process of being able to seize 177,000 Bitcoin.
So and then the FBI didn't quite know how to handle that so for a few weeks I walked around with a thumb drive in my pocket with 177,000 bitcoins. So that that was terrifying but but but thinking back at the time, you know I was young, so naive to to just carry it around with me. You're walking around with 175,000 Bitcoin in your pocket. That's crazy shit. OK, listen, Brandon, you really got you. Really. I I guess you got the right part. I guess you got the right partners.
I'm. I'm even more bullish on fair side now. Yeah, Well, I mean the concept, right, is that, you know, we we have to get an expert in this space because this type of product can promote, you know, more insurance fraud, right. Because we're still, we're still doing this in a decentralized way allowing for users to sign up quickly and somewhat anonymously.
So now we have to then say how do you then prevent fraud on the system And nobody better than Chris and his team at Maxo to do exactly that, to stop fraud from entering our system. And in all insurance systems have an inherent amount of fraud in them. We're not expecting that Chris's team can cut down on, you know, every instance of fraud. But 10% of all insurance claims have an element of fraud in
them. And if we can reduce that, that's the whole concept, right of of of eating using like advanced technologies and innovations is to improve upon the system that exists. And and Chris's team does exactly that for us. And I just there's nobody better that you could choose to have as a part. Of the team, yeah. Yeah, they're the perfect partner in this scenario, right? Holy shit. Just I hope you're not walking around with 150,000 Bitcoin in your pocket. And you might.
I only have 100,000 Bitcoin in my pocket, so I I don't have the 150. Shit. Oh my God. That's. I have to say, that is one of the craziest things that's ever happened to us in the show. And it's like the 600th episode.
That's so cool. And then the last but not least and again like just a reminder, it's pinned at the top the collaboration between the partnership between, you know Naxo and and Fairside and and look like Brandon, I want to, I want to start, I was on Brandon. Yes, Brandon, I want to go back to you Brandon here, what's your road map to launch both of the product and read something about a token on your website.
So what's up with that? Tell us more about the road map, what's next, and also how people from rock radio can get involved. Yeah, of course. So you know, this is really like our big announcement. We chose this platform because we believe in it so strongly as just to get an organic grassroots approach to really
getting our word out there. So on the big news on the road map is that in Q2, in June, we'll be launching the token and the product so that users can get access to like a a global coverage product for their web free wallet assets. So that's coming really quickly in June and then there's a ton of announcements that will be leading up to that, but very exciting stuff and we're we're ready to crush it.
So really, I would just advise everyone to follow us on Twitter, stay connected on Telegram as well, and then we'll we'll keep bringing, you know, the Alpha here and and try to keep dropping some some info here as well. Hell yeah, awesome. Of course. Of course, this fair Site Network is title sponsor for FOMO Hour on Rogue Radio. Well, Chris Brandon, this is a pleasure to have you all. I think we've, we have some great clips actually from the show today and you guys, listen,
listen, good thing I'm in front. I'm not coming to the United States. I don't get arrested by Chris here, but. No, you're a great guy. Never. I I keep my shit kosher Okay. But listen, Brad and Chris, it's a pleasure to to have you guys on the show today. Thank you for coming and shedding light on security when it comes to crypto. Listen, super, super separate, all jokes aside, all that stuff. There's scams all the time. And we all follow Zach XBT, for
example, right? And he's always tweeting about a new scam, a new draining link, a new phishing link. I mean there's people acting as Rock radio and the crypt interns and journalists sending people fake callenly attempts every single day. Actually we we can't even deal with it the company anymore. It's so bad. It's like 200 people a day that get emails and messages and and we can't control it. So you guys kind of are a
solution to a problem like. That that's exactly what we were built to do. I mean if you want to see the potential in Web 3, which we think that obviously Web Three has the opportunity to include billions of participants globally, you need the financial and and economic security that insurance products and other security products can provide to you so. 100%, All right. Well, Chris, Brandon, appreciate you guys for coming. Have a wonderful. Thank you. All right.
All right. Well, oh, that was one of the most surreal moments on the show.