Yoyo, early gang, early gang, air king and steve, damn, now that's early gang, m-m-m-m-m-m-m-m-m-m-m-m-m-m-m-m-m-m-m-m
early gang is the best gang, let us get- let us get our accounts on stage as usual and we will get this party started
what's up, what's up, let me see some- let me see some hundreds, let me see some fire emojis, let me see some thumbs up emojis, let me see
one second, let me get some more up on stage, let me invite some more of the co-hosts, similarly, let me invite rug radio, little co-hosts, action, boom, you know how we roll over here, you know how we do it
thank you wax, lay, papa joe, hodler, steve, skulls, bl8, yoyoyoyo, early gang, alexander, look at that, i love- you gotta love seeing early gang on the show every day, let me get- we got obi night in the stoo, look at that, we're out here, we're out here, mando may be a little late
but we are definitely out here and excited to get back on this show, i think we're good ovis on stage, alright, well sims, you know what to do baby, kick it!
today, january 19th, 2024, look at that, another beautiful day to have a beautiful day, i got my co-hosts in the house, let me tell y'all, i didn't even recognize my co-hosts for a second, cause i haven't seen his face for a week, wait, who is this?
is this like, is this obi from like 7 years ago? obi, is that obi from 10 years, is it? no way bro, is this- surely it's obi's little brother, cause hold on, that's gotta be obi, obi, good morning, how you doing? nice little clean up you got going on here
uh i'm good man, how are you? this is like, i was like full full clean shape, and this is like, i still have a bit of stubble now, but- i haven't watched the show on video!
on monday, i was like, yeah, just clean, did you just- you know, it feels- i haven't done that, man, i don't think i have like- i do it like once a year, once or twice a year, just i don't know, i feel that, moment of madness really i guess, i'm like you, like if i do it, i'ma look like 16, same as you, yeah, i lose about a decade off my age when i do it, yeah, i mean it can feel good i guess, um you know, to feel 17 again, uh
dude, the reason why i don't do it, and i'm sure you're gonna relate, with the long hair, no beard just looks so weird
it's not a good look, it's not, like oh you, at least you're like, a little- me, like it's like my hair's in my face now, so it's like with no beard it's just like
it's a weird look, it's definitely a weird look, i agree with that, it's definitely a weird look
beard hair compost fire, you know, i wish actually, i wish i was able to, because this is my max,
i'm not capable of growing more, it just gets weird, i wish i was able to grow like a beard, you know,
like yeah, that would be fire, but uh i can't, so at least i got some hair on my face, so
that'll do, it's kind of clean, um anyways i like it, i like the clean shape, there's gonna be a
point in my time, i'm gonna have a Britney Spears moment, i'm gonna shave my head in my beard,
that's for sure, uh the question is when, i don't know, but let me tell you, every day i get closer
to it, uh with how crazy uh this face is driving me, but also in a good way, uh but in a great way,
but also uh but also how annoying my hair is getting, i mean it's it's gone to the point
where it's pissing me off, um so i think it's time for um maybe a little zip or something,
i think i think i'm due, because i didn't make it cut the front, just have a mullet, just cut the
good ball on the top, but leave the back long, that'll be a good one, i could have a crazy
mullet right now, if if solana if solana hits 500 this year, would you do that, no
i'm gonna leave i'm gonna leave that however if solana hits a thousand this year would you do that
oh yeah of course a thousand i mean a thousand solana like i i'll fucking of course i get a mullet
a thousand solana you have to still be holding it otherwise it's a kind of really shit yeah that's
true and it goes to a thousand and then you have to shake your head i mean the amount the return
we're talking about if if we see a salon a thousand dollars this year for me personally
i'll do a mullet backflip into the antarctic uh water or whatever you want like i i mean
we can go beyond stupidity at this stage i'll jump off a plane with a parachute on
and land in the water i don't know wait i should be careful what i wish for because we may get it
but then i'm gonna die doing something stupid and then we'll enjoy it so let's not go there
how grim um anyways we're back i mean we were never really left uh because i i saw we hosted
the show wednesday thursday so shout out to the boys for for for carrying on here uh as i was away
and Davos in uh in uh what did you say Davos uh in switzerland uh and it was a vibe uh for sure but
definitely so happy to be back on uh fomo hour here on rug radio uh as uh we're gonna be covering
say what are we talking about let's see what uh let's see what mr sims uh has in store for us i
also want to make sure that i'm pinning everything and posting the broadcast link so we're live on
video and audio as usual oh so fomo hour episode 42 42 today uh and what do we got for you we got
market report as usual and btc touches 40 000 as all coins are racing uh to zero uh with grayscale
selling 52 000 bitcoins uh since dtf i know you and i were kind of chit chatting about this before
the show so i definitely have a couple questions for you uh ovi when it comes to what's what's going
on with grayscale and all that stuff and i think a lot of people are curious because we keep seeing
about inflows outflows but i think a lot of people may not be understanding what's going on
including myself so uh let's let's talk about that for a little bit um and what's happening with
that uh we got some stuff from ncc blah blah blah and a lot of grayscale stuff uh Davos maybe
that's quick davos debrief i think mando's gonna be joining us shortly so maybe you can do it with him
and chit chat about what i saw what happened there i had a great time honestly so definitely
some good feedback uh to bring back to our audience here so what are mobile i mean were
people funny people these people don't expect so long to ever drop more phones like isn't
that the purpose of like having like hardware out is like so that you can produce more like it
like yeah is that the business model of like having a phone the the funny thing about it is um
the salana phones been out for ages like a year or two years yeah so this is like quite normal
because most people bought the phone like a few days ago or a few weeks ago yeah they're
like it feels like it's new to them but it's not so it's literally been around for over a year and
raj has been talking about the phone for two years so it's uh it's been around forever it's
just that the bunk two billion dollar run made it a thing because bunk would pay back for your
phones anyways 3000 perioders in two days we'll talk about an nft roundup as uh as usual we're
going to round up across chains you have deejans finance dashboard for that um so we have uh oh
there's a man every time i talk about this guy he shows up in the studio this is so crazy to
me wow that's wild uh and as usual so so doing nft roundup east ordinals and on salona i mean
thank you us in the audience she's selling out his bitcoin mint whoa love to see that we'll talk
about this we have the pudgies nearing 20th i know y'all cannot talk about the flattening
yesterday a little bit i heard i was listening to the show actually from in the air no lag
incredible show well done lads uh and uh it's almost like you guys really know what you're
talking about uh and and then uh and so a roundup as usual eth marketplace it seems on
magic kid and blah blah blah so there's definitely a lot to talk about so without further ado
why don't we get this party started but before that mando good morning how you doing looking
dapper this morning pulled up in the shirt i like that yeah gm this is my only uh i think
this is anything i could find in the cupboard uh as i ran out ran out the door to to go for
a drive just now i had to go see some some new houses so are the houses get that you're
visiting getting bigger as the market goes or smaller they're smaller today they're small today
so without further ado why don't we talk about why they're smaller today here and who am i going to
go to first let's go to ovi daily market report brought to you by rug radio what's the word
sorry i was just buying a buying salon phone there um did you actually did you actually just
yeah well i'm about to um it's quite cool you can pay and sold pretty cool um
anyways back to the market um traditional markets actually having had like a shaky start to the
year um are quite have been quite strong like yesterday i think we ended the day up uh one and
a half percent in the nazdak today we're at zero point seven percent just the thing that's a bit
worrying as interest rates keep going higher like 10 years now at 4.17 so that's almost a 30 basis
point move now on the year higher um and it just sounds like uh i don't know it sounds like it's a
combination like maybe there's a talent supply out there maybe some people are sure the economic
data has been pretty strong this to start this year and people are worried about the famc but
it's just something to watch out for it's good to see that stocks are up today as well and it's
not just like stocks down rates higher but um something to just keep an eye on i think because
it's not like it's not all rosy uh as it felt in in december um in crypto look it's this the whole
like gray scale impact it seems to be it seems to be weighing on crypto right now i think bitcoin
we hit like low 40s yesterday and then we bounced back and we're right now you know as soon as
the markets opened we i think we dropped to like 40.7k i think we're back up to 41k now um it
really is bitcoin that is bearing the brunt of this you know like i think bitcoin dominance
dropped below 51 at one point today i think we're around 51 now but actually all the alts and e
tend to be holding out well i mean bitcoin is about well above zero point well not whatever but like
it's above zero point zero six now um and it's kind of sustained there that's the highest it's
been in uh in a few months so um it's definitely like bitcoin heavy selling i think you know
the whole gray scale stuff on the one hand you probably have a ton of people who are able to buy
remember gbtc was a massive discount to spot so a ton of people were able to buy that trade into this
into this you know etf news and then tell them probably have it to unwind um you also remember
you have to settle um in cash as well so um this whole like conversion and getting back into
getting converting the trust into etf thing is resulting in a lot of outflows but like the net
flow the net inflow in the last five days is 1.2 billion dollars like a net inflow so it's just like
it's like all the other nine etfs seeing a ton of inflows and then gbtc is basically
offsetting that but i think yesterday was the first day i was looking at eric's tweet yesterday
was the first day we actually had a decent net outflow i think it was like to the tune of like
160 million or something like that what was it 135 this is it right i think this is what
you're talking about this tweet yeah yeah that's the one yeah so that was that's day five so that
was yesterday i guess we had on day three two but the number yesterday was a bit larger which
is why we sat we had some weakness so um we'll see what happens today it feels like we had a week
open there's obviously we know the market knows now there's like bitcoin selling and then um
it seems like when the market opens we sell off when the market closes we rally back literally um
so let's hope we rally over the weekend because and have an afternoon rally because
they'll only be doing be doing stuff for business hours but yeah that's the we don't trade anymore
from 9 30 to 4 pm yeah i mean it's yeah it's really it's weird like you know it's amazing to
see alts really outperform some of the stuff um that many i think many altcoins and meme
coins random shit is like like up but not even really much lower and it's just bitcoin that's
lower and eth along with it so um yeah we'll see what happens i thought i'm looking at my
altcoins because it's been destroyed apart from eth i it looks everything looks a little lower
today i mean i saw say say really i'd say in the those ones right in shane lana down seven percent
kadano down six percent avalanche on seven percent i mean let's look at the top right
it's just fun change right it's like that's a little bit i mean it's true like it's true
down dollar term like yeah you look at salon at 91 you're like man and then you look at it from a
percentage perspective like damn it but you're on seven saves down nine it's barely moved single
digits man single digits single digits single digits mate uh look at that so do you i i'm looking
at the top losers here and you have i mean what is it mean uh it's not crazy it's not crazy
it's just down a little bit but it's true i mean it's not i mean you know what it is
i would say nothing is that we're not like just getting destroyed but stuff is down
like this isn't this isn't a little bit down day everything's down like five to ten percent i would
say in altcoins that unchanged a little bit lower i think i have to change my stance maybe mando's
a bear in bull clothing i don't know i'm just kidding i'm just playing i'm like oh no you you
are absolutely right i mean no it's true i mean the arbitram that hit all-time highs recently is
at 180 so when i was back at 91 from lydia yeah i went to 230 i mean avalanche didn't near 40s now
back to 32 i mean blur 50 50s blurs down like it went long yeah blur blurs down quite i mean
bonk really got much lower from its highs i mean say is way down from its highs as well
i think it was nearing a dollar so yeah beanie bought more this morning he tweeted out i saw
that i saw that big say guy but actually i ended up messaging the founder and he hit it he just he
hit us back he's down to come on the show so what did he what did he say
you're gonna be on the floor man no i think it's gonna be unbearable that would be so funny
yo what did you say uh anyways uh so okay that's a good i mean mando what do you think here
market-wise i mean i saw someone someone too about the nazdak rallying to almost new highs again
and then on the other side there's up a lot yeah it was up a lot yesterday yeah our correlation
to stocks has been very very low for a while um we've been far more correlated to gold
i think we're at all-time highs at the moment for correlation to gold and if the stocks has
almost been a little bit negative um gold has had its worst week in in six weeks again this week
so that kind of matches up with what's been going on uh potentially i don't really i don't
haven't really been looking at stocks that much for like guidance on what's been going on
for for bitcoin this feels more like just um people getting more bearish on
like the impact of the etf and there's been a couple of other wobbles like you saw tusd that's
stablecoin dpeg like starting to see a little bit of fud around that um but i think it's mainly
just the etfs like uh feels as though people are just they're searching for that next thing the next
thing obviously will be the harving which is going to happen in a couple of months now
but um but it feels as though the real thing right now i was talking about is how how much um
gptc is is selling uh each day and just when you look at the chart like look at the charts
everything's up so much so like it's very easy to feel like we could come back down and
it's kind of healthy-ish you know like eith i mean we were doing this show when eith was at 1,400
bitcoin was at freaking not not too long ago was at like 23 24k salana was trading at
19 but it's not it's not that insane to think we could have a bit of a return don't tell me to
zoom out i'm just telling you that like you have to have context yeah we are up a lot so like we are
um when if if you have any sort of sense the market's going to you know not be as bull bullish
then people can are probably in profit and a lot of this stuff i i gotta ask you as this
and it's almost half selfish in half because i'm sure a lot of the people don't you know i'm
seeing these tweets i'm sharing on the screen we've posted a broadcast when we want to comment
video it's usually a much better experience for the morning show uh but what combase is received
from grayscale the first batch of 262 bitcoin then he's like well never mind it's 800 btc
i mean and now and now an hour ago 12,373 btc entering combaze oh my oh like i just love the
chin of events ov goes from 200 bitcoin to 800 bitcoins wait it's actually 13,000 bitcoin
can you just break me can someone just break it down through the audience here just open
up the question to both you explain to people this info outflow thing with gbtc because if
you remove gbtc the etf is actually a massive success and it's it's very successful thus far
correct it's fair to say that in terms of inflows because of the numbers those don't lie
but gbtc just keeps on keeps on pounding us down this is just classic one side of reporting but
net implos is overhead like yeah because you could just argue oh there's another buyer from
blackrock there's another buyer from the fidelity tf there's another but the net implos is what we're
we're looking at here and we're at half a billion correct all we're seeing in crypto
is it being sent to coinbase but at the same time it's also being bought on the other side
by these by these other etfs now what is actually going on is grayscale have just over
20 billion of bitcoin 20 billion dollars worth of bitcoin so they're easily the biggest etf
but their fees are much higher than the other etf providers um like magnitudes it's like one
and a half points versus like some of them are zero for six months right so what you're basically
seeing is a lot of money moving from gbtc to the other etfs and that process can continue
for a long long time so when you see this gbtc thing yeah like it's not a great headline in of itself
but it's really just i think a lot of it is just being transferred to the lower lower cost ones
yeah also remember like the etf market is just one part one small part of the overall crypto
market and um we're seeing net inflows from the etf market so it is etfs have created demand
but everyone on the other side is is selling i guess it seems like whether it's people who are just
like taking profits or it seems like people taking profits because it doesn't seem like
there's any leverage in the system right now it seems like all spot selling but
you know like maybe there's just more for sale than there is you know to buy so it's not like
it's not a fault of what's going on it's not a fault of the etfs it's just like any other time
there are more sellers and buyers right now and the etfs actually created net inflow like if we didn't
have that net inflow and people are selling right now we would be a lot lower that's not the way to
put it okay that's uh that's a good way to put it no because like obviously it's become a meme right
almost like the whole like gbtc but at the same time it's also not just a meme like they
literally are just selling like like madman over there what could you just remind us like the
people like why are they what do they need to sell so much like there is they they have to sell
because they have to read they owe a lot of people a lot of money right it's just a redemption so
somebody so if i had if i had 10 million dollars in gbtc i can just sell that and i can buy the
ibit from blackrock and it saves me 100 grand a year they have 582 000 bitcoin left
yeah they have just over 20 billion dollars a bitcoin they've usually been the biggest it's
been around for a long long time and now you're just going to see people who still want exposure
to bitcoin they can they can sell and then they can buy the new one some people like no doubt like
in your mind if you're selling something like say some people bought that grayscale
trust at a discount right part of the part of the trade was like just the narrowing of the
discount um between zero and whatever i think it was a discount like 20 20 30 percent various
different points so some people will just sell and they'll never buy back bitcoin
but large large number will just move the move into the etfs and that's why eric's very very
keen to keep showing net flows because in crypto we're just focusing on one leg of that trade
which is kind of silly like i mean we're not capable of focusing on two things at once okay
mando so please it's there's already a lot going on okay the best comment of the morning goes to yano
ovi is too used to shitcoin swings now only single digits that is a car outside crew i mean
it is the truth when you're conditioned to like 30 retraces on dog with hat for the last month and
a half yeah i mean when you've seen it go from down to 55 million dollars all the way up to
near what 430 million dollars was it when we were in switzerland uh i think i think you're you
kind of like molded in this uh you know uh in this and these swings okay so that that was kind of
like what i wanted to ask you guys and go over this morning question wise because it's obviously
like again like i like that you're saying this mando it's like very once calling it very
one-sided reporting uh like hey like sure there's this but look at these you know inflows coming
into the space and like if you zoom out a little bit net over the year it's probably
gonna age pretty well uh what's happening so uh it's just a big success so just for the people
thinking that you know it's kind of kind of a known event or that it's uh it's not a success
here is your answer but besides this on the market wise i think that's really i think that's
really the main um the the main stuff that's happening there was i don't know did you guys
get to cover what what's going on with coinbase and and the scc well it was away um yeah we didn't
but yeah there's basically a judge ob that's take over that one can we just let him take over that
one wait man don't just hold it off he's literally google searching it right now what was it i will
never forget though i have to say the greatest google search event of all time look at his eyes
as he is he controls over coinbase right now so if he's typing coinbase into google
you're not going to get the perfect answers straight away so he's like you have to get the news
the tiara look i was on the go so i didn't get to like actually get to read everything
what i saw what i saw and what i read overall was that coinbase was and and that judge was
really giving the scc like yeah like coinbase is uh coinbase has got a case here to maybe throw
it out yeah interestingly binance is also going down a similar path with its own um
with its own core case so two judges right now are basically trying to hear cases from the scc about
whether uh coins uh are securities the coinbase one it's still i would say a semi long shot that
it gets thrown out at this stage that's what people have been saying but if it is that would
be uh that would be something to be very bullish about for sure yeah i mean they're kicking their
ass that's pretty much tiara for everybody who's in the audience like lydia so long yeah i mean it's
good for the alts right like isn't that isn't that the is that that yeah if they win that
that's very big but it's big for us because like the bitcoin case is set like etfs are there
eth they keep calling it the commodity it's really more of an alt coin thing right so
for me like the outcome of this is given that the coinbase would win this case it would be
very good news for all alt coins that were named and that were actually at some point they were had
to be removed most of the u.s exchanges right so uh from robin hund would not right notably
yeah okay so so that's the outcome here um and so we're gonna we're gonna we're gonna we're
gonna probably cover that as soon as we get more updates on this and then so the next topic that
we had on for for you guys so it's good that you're here uh but i guess you kind of went
over it while i was gone man though it was like you know uh did we find the illuminati in doubles
um i kind of a debrief i amando you tweeted the first day no babies in sight
wild thing to tweet uh but that was a crazy tweet by the way mine was like showing us a tweet it was
like where we were sitting like at the gbc like blockchain house he's like yo should i tweet this
and i was like that is crazy but that was great but mando quick little debrief uh about doubles now
that i'm back uh for me um what i thought is like the ai and like crypto blockchain were very
represented like there was a lot of uh ai and like blockchain technology representation what i found
interesting is like so doubles is like one promenade right it's one promenade streets one street
goes both ways and basically along that strip it's very long strip right you at the beginning of it
you have the bloomberg house you have the financial times you have cnbc you have the traditional
banking you have sales force you have all the more trad like web2 like tech companies and giants
google blah blah and then as it keeps going towards the like the middle you had like
emirates and like the new this new city that's being built in saudi arabia right gnome or
something sick by the way and all these ones and then it slowly goes into like that emergent tech
so you have ai house and everything then you have blockchain so you had dwf had like uh the
world crypto uh forum which we went to crypto 2030 um and then you had like the casper labs which was
financial times which by the way like at this blockchain event where yeah shout out to you
we shall speak there but before this was anthony scaramucci and uh and eric rumin it's eric right
mando eric rumin scene take it right david rumin says sorry billionaire just talking there
and when asked about that's my favorite moment by the way david rumin since then there scaramucci
obviously like bitcoin bull and everything asks him do you have any bitcoin and he goes no i was
late to bitcoin but i love like he was like really supportive of what's happening which mind you it's
a big thing because he's like what is he he's the he's the ceo and founder of chairman of the
carlisle group which is a massive like what are they like they're um they're uh they're
they're private equity sorry about that all good all good freemando in the chat hashtag freemando
anyways but what i liked is that then scaramucci goes but you're not you're still early to 45k
bitcoin and then everybody in the audience was hilarious and right before him was the co-founder
and chairman of circle that was having a panel there so a lot of big name that showed up at the
specific side events that were for crypto specifically that's one thing i noted that
was really cool to see and a lot of them so there was a casper labs and you weren't there
mando for that but the last night we went up there where g money received this award
at fidget code and uh and it was again like a web3 hub they called this so there's two web3 hubs
there's a lot of like web3 oriented conversations so i met a bunch like ordinals people that
were doing some stuff there and they would bring a lot of like big names and finance and stuff so
for me like i noticed that something you said mando actually in that tweet that you put out is that
all the ai and blockchain houses were packed they called them houses guys so basically they called
like the blockchain houses they called house activations packed and a lot of the rest of them
were empty like no one hanging out in the more traditional stuff and the ai stuff was packed which
ai was kind of the main theme at the world economic forum this year um so that that was
kind of like my takeaway is from that um aside from that i mean uh what was it someone said that
bill clinton was just hanging out outside of like the world crypto forum like he was just standing
there um yeah so the same day we went mando apparently right after us bill clinton was
just hanging out there uh so stuff like that so it was like a lot of like a lot of like
curiosity i would say around this and then on the trad side what i noticed is that for example
bny melon their house was in collaboration with ripple and then had era had taken over one of the
main hotels and doubles and then another one was a file coin which was doing an activation with cnbc
so there was a lot of cross pollination in that sense when it was crypto to like um to trad but
that's kind of like what i noticed there and of course like again like a lot less like forward
stuff like there's nothing that i could have maybe posted or like covered there more of like
a lot of like behind the scenes like great meetings good to meet people there from from multiple like
some of the largest exchanges in the world you have some of the biggest market makers hanging out
obviously on the media present media standpoint like a lot of representation from crypto media over
there um and just like a lot of founders uh i noticed that was just like out there from
like large networks like i met this guy like he has a social phi platform uh that has a million
active users in china i met someone else that had like a corner of the top 100 conflox and
like a whole network that they built in l1 based out of asia so again like um very very hard like
and uh asian representation uh when it comes to uh like in terms of founders and networks
over there and from what i the conversation i had there is because they're getting so frustrated
but especially after the hard crackdown on cz and finance they're getting so frustrated with
how the united states is treating the um is is treating the uh the chinese market that they
want to really expand to euroasia so that makes that that that that explains a lot like they're
really starting to expand into europe from the asian side so that's kind of my my quick tldr
from the multiple conversations that i had over there with media market making companies and
like um exchanges and big founders but what's like some of the top takeaways you had i know
i actually did this on the show uh on tuesday i don't need to make you i didn't listen to
wednesday i listened to the show yesterday yeah i have ways on so we spoke about it but yeah i
i felt like um yeah i i don't know it was not really it didn't really feel like your classic
crypto conference at all for me um didn't feel like any of the other ones i've been to particularly
not an NFT event but very we we bet a bunch of like feds um uh people working alongside
governments alike yo that was crazy the lady that came in literally like admitted to us multiple
we met multiple of those sort of people we were just like yo in case of investigation by any federal
entity of similar like yeah it didn't feel like your classic crypto event at all but yeah it
comes out and she's boasting she's like yeah we're building these tools to help the governments
track the crypto wallets i'm like what the um yeah it was that sort of an event that's what
i would say like it was it was more tradfi trying to do crypto um than crypto trying to
come into tradfi yeah that that's it and it's a lot of big companies but what's what's crazy to
me man was like these companies pay a lot of money right to be on that promenade like absurd
budgets go into davos probably billion dollar event right um and and uh and you don't know
of these companies at all in crypto pure and i'm not even talking nft which is a niche of a niche
purely the crypto conference like consensus or i don't know all the big ones that we go 12 year
long they're not even represented there but they they're keen to sponsor events there that are more
keen to try and stuff like that so that's something that i noticed there like a lot of the people
i mean i made a joke about it but like the the the conference the panel about like influencers
and crypto we didn't know a single person that panel and we were all like well that's kind of
weird given that we operate one of the largest networks of like you know they love to call them kols
you were not you were not recognized once when i was with you you may be recognized by yourself
no not one person at any of the crypto places that we went to recognize you and that is no
remember that one guy that says he was anonymous then i said who i was it's like oh you're
feroc and i was like even what you look like he just he kind of knew your handle it was a lot of
like they these people were not in the crypto twitter sphere they um they are not uh aware because
normally when i go to these conferences it's like you know you're like a little celebrity
uh and he leaves me alone he just gets tired of me at these conferences i just had to take
photos it seems yeah a lot of the time but you're a great photographer but you know what it is
the last the last day let me tell you uh one person they recognized me and that led to like a
five-hour meeting of my life so that was great uh and it was awesome but just i think like i would
do it again and next year i'm going to make sure that we have representation that we're really doing
something on wrong reader decrypt side over there because as crazy as people want to make it sound
again the side events were powerful like i might have i went there cut the trip short two days
instead of coming back tomorrow came back yesterday because i was just tired i hadn't achieved
everything but let's say i only like in a regular conference i meet two or three hundred people man though
at this conference met 10 people but all 10 were like i hate when new mac was does that
at this conference it was like power like really these power meetings that were great um which
is really awesome uh to see anyways i think we should uh move through here because there's a
lot of stuff uh to go over on the on the nft side but quickly so a lot of mobile too so it looks
like ovi's just ordering one now i guess being a man with myself ordered being a man like myself
i have to get one for the culture mando you have to get your mobile as well so uh 20 000 phones
mf first thought that that was it because it was nft project but there's a lot i know like you're
supposed to produce more so you can actually make money on those so they announced that they're
producing chapter two of the salado mobile phone 30 000 orders overnight uh on that one
of them being ovi i mean mando are you gonna order a salado mobile too yeah why not how much are they
they're cheaper right they're like really nice you can pay six wow it's 450 bucks or it's just
like five soul well four no yeah like five now when you say five so that feels like nothing doesn't
it oh yeah i mean yeah it feels like nothing but when it's gonna be 500 um you know it's gonna
feel like something so but i think the airdrops would have made it worth it but didn't someone
make a spreadsheet of all yeah yeah did uh i think someone should pay in fiat yeah actually probably
but uh you remember like when boardaves don't drop the virgin ape coin and when it was like
20 bucks and it turns out that your sweatpants ended up costing like 10 g's was it something
like that i remember like that was funny so be careful when you're paying in the native
native token no matter the drop no matter where it is but anyways so that's about it on the on
the mobile um that received a ton of thing look love to see it again like ovi like i'm sure you guys
covered yesterday like the meme coin eco and like salona eco that's like growing just goes to show
you that the frenzy around the salona ecosystem continues down to the iphones and the hardware
that they're building so it's really starting to heat up i'm starting i know it has already
jumped like 900 from the lows or a thousand percent but you know it's really starting to
heat up and like you have tech crunch for example that's covering that right which is like the biggest
you know tech emerging tech and say media outside of of our space so that's big anyways so let's
move forward for the last segment today let's talk about nfts here as i um as i yesterday
i made sure i caught up quite a bit uh on the nft front we there's a lot going on so i know
you guys already talked about pudgy so i'm not going to go over it much more uh we're
we're all pudgy bulls because we're all friends of luka and we're all very happy for him and we all
know that we need a big winner uh in every cycle so very happy so personally speaking i think it's
cool uh we had luka on the week that he took over pudgy penguins we're on two weeks so uh and two
weeks at the time that was just like what was it like a thousand something years so um so you love
to see that yeah i mean do you think let me ask you ovi do you think we're going to see a
i think we could i i really think we could i think if there's one project that's going to do it it's
going to be them yeah yeah i really could see it yeah that that makes sense i actually i actually
very much agree with you i i wouldn't i know a lot of people like to say token this token that i
don't think i'd like to see a token right away from budgeting with personally speaking but
wouldn't be surprised if they go down that way um because there's um because they have their
metaverse right that they've been building their new game and i saw their new advertisement which is
sick so first it seems like the reverse engineering everything that other companies have done before
that may have like dragged them behind a bit so they're building the stuff first like they're
launching that pudgy metaverse you know that stuff and then you think hey what are you using
the metaverse to train the skins and the different toys not when you get your toy your
pudgy toys you get like little things on chain like you can get like a pudgy you can even get
d gods and nouns glasses and can't buy pandas sweaters and stuff like wouldn't be surprised if
like it's tradable in the native token right like it's usually seems to be the route people go so
uh but don't think that's anything that would be in the books immediately but love to see
that man what are board apes at now 24 versus 17 god yeah do you think they're like 20 versus
24 a while ago so it got very very close yeah healthy healthy retrace uh overnight seven points
but after 64 move up in 30 days and 60 move up in seven so it's uh it's not bad uh you have a zuki
that keeps pushing up i'm seeing at 70 but obviously little pudges in that eco had to push up but it
seems like on the back of that um a lot of the eth nfts you know are were were dragging on the
upside uh was it yesterday like everything was green i saw a screenshot going around i mean even we
were part of that screenshot it was like fuck yeah but but it's uh a lot of the a lot of nfts on
you know all right oh what is it all surprised together or whatever uh so that's what happened
again ovie i mean the big stuff is on ordinals um thank you x he's in the audience you know the
homie love you man big congratulations minted out terranes terranes terranes terranes is that
why you say terranes terranes you know it's a french word uh so this one i'm allowed to say it
wrong uh but so i had a loudest spot but of course i was in the air so your boy could not make it
down horrendous right now uh but very happy for my friend uh for for selling out his uh his
collection which which kind of draws me to to to ask ovie i mean when are we gonna see uh
when i have a i have a good idea for ordinals i just need to execute it um and just have a few
other things i'm working on right now but yeah at some point i would like to do at some point
dude look at that he's burning his painting dude how cool is that yeah that's cool i was wondering
how ryan achieved like that texture and when i saw a video i mean selfishly like he's one of my
favorite artists uh but i think it's really cool that he did that with magic Eden which again
seems to just be cooking uh 14 hours ago floor price is 0.75 and so basically it's like a 1 1 100
right so 100 pieces it's kind of like when he did the um um state of the art on there so again like
this is good for art in general right you're probably gonna see a lot of artists kind of like
follow suit it was ripped cash that not long ago sold out and a bunch of artists so love to see that
uh another thing that's really doing well magic Eden i do want to give this minus flowers is to
the pizza right and guess what ovie your boy was invited to a pizza party to freaking get my
my mint but it was on my way there so i couldn't join the soup call from the play i was trying on
the airplane wi-fi so that was an expensive flight not because of the flight itself but because i
missed an allowance on the way there and missed one the way so i'm down so bad right now but i'm
very happy for people so it's a pizza ninjas uh that we've seen someone selling for profit
bitcoin dude the frogs or something um wow yeah these are cool i like these yeah it's fun but
you know what it is i was thinking about this morning like if i'd get one it would i don't even
care what it looks like it's just for to like this was one of the earliest guys you know going all
in on ordinals like he was on our show all the time like the night show and even the morning
show he would crash it to talk about ordinals so that's cool credit goes or credited zoo and
so obviously bitcoin pizzas because like all of them were inscribed on the sat from the 10 000
bitcoins used to purchase two papa john's pizzas on may 22nd 2010 so wouldn't be surprised if we see
some you know obviously an initial sometimes people sell off but obviously like a run on these given
that to is like just like really highly respected i mean look there's 18 bytes pending right now as
i'm showing this on the screen uh which is a lot so if i were to show the pennings like all of
these are selling and you know what ovie that looks way different than the most of stuff
we've seen before like it's not a pasta which i like i think they i think they're cool yeah i like the um
i like the like the colors and like the orange background and stuff like they're pretty cool
i like them like you know the pfp market is so saturated now it's not often do you see
something anything oh that it's cool i think i do think these look cool you know what you're
right they look very cool i really like them uh i know one of our team members ev is like really
like active in that community stuff i think she managed to get one and i was really happy to see
that so it's cool look sitting here in that point away bitcoin which is like it's quite a lot it's
like what's point away like i mean bitcoin's what 30k i'm kidding what's 40k now so 30 $200
so it's like one one and a half years like that maybe a little less yeah so i'd love to see that
so a lot of hype around that um on that front uh and a lot of volume uh around it as well
i'm noticing note monkeys had a good bounce from all this craziness that happened before we left
bitcoin puppets you know still running uh down a little bit today but up 130 percent over 30 days
so you know i i heard you guys yesterday i heard oh there he's back i swear to god this man's
ears itching all the time i mean man though i i heard you before ending the show yesterday
saying that you may be in the puppets business so you know uh i've been looking i have to say
you know what though i have to tell you guys one of my half normie friends it's a guy that like
serial entrepreneur extremely successful but tends to be more interested into the nft side
of things when things are really running because he doesn't have time to be invested in it when
it's not running because he's running multiple businesses rightfully so yesterday i get a text
from him do you own puppets i'm not even making this up and i was like my man uh so that's this
i can show y'all so that's the text i got but besides that we're just as close to shit coin
as a collection as i've ever seen you know they're like you can just imagine that being its own
shit i mean look satashi can come back right and like mine more bitcoins and like there's
only ever going to be ten thousand and one bitcoin puppets so exactly yeah by the way
what the right amount of force is in for me yeah yeah same um you guys already talked about
jp morgan and satashi and davos right i don't need to go over that um yeah that was comical and
ridiculous so look uh and and then last but not least on the bitcoin side donny t i mean donny t
can you imagine that donald trump braced the bitcoin before most of you guys listening to us
here come on y'all you're gonna let you're gonna let donald trump and his team or just his team
front run y'all let's go y'all like why because you think the transaction's slow by the way it's
not slow it's vintage and second of all it's actually not that slow and use x-verse so um
maybe we get someone on at some point we really talk about that but it really takes two seconds
honestly with x-verse wallet you specifically use x-verse shout out to x-verse whoever it is
behind that because they really made it seamless and very easy to use but donny t uh so the
cards are coming to bitcoin boys what do we what do we think about that dude donny
yeah i'm uh i'm a fan of this i'm a fan of his cards i have we've been i mean we've been
took covering it since it dropped the first question dropped mid show once and we're like
we should just sweep that that didn't work out because we didn't and now uh looks like he's
going into uh digital trump digital cards on bitcoin order knows the first ever trump trading
cards on bitcoin yeah no shit i love the first ever trump cards on bitcoin yeah no kidding
this is so good um as a as a non-american i have to say i don't know if anyone else feels this
i know i was that close to some extent but i definitely have preferred donald trump
now he's not president i actually feel like i'm increasingly i don't know this sort of stuff
i find hilarious like i'm maybe maybe sam's pull up the mando's opinion on his own on the screen
but uh no i mean i have to say like all the nft stuff that obviously i mean it's not really him right
but i'm not a huge fan of the u.s election this year i don't think either candidate is like
it's like it's like two 80 year olds battling it battling it out for who's got the best body
uh flash mind um two people i don't particularly 100 but at the same time like i'm definitely liking
trump more uh as as as it approaches this election it's quite the puppet show going on over there
no pun intended uh but anyways and we're gonna get what you are Seth
yeah um yeah i'm the same i would say he doesn't even know the question what did mando just say
i love you dude that i i'm so happy about oh man oh my there's nothing like this show um so it's
it's just gonna be 200 so 99 left to purchase with wheat there's there's 200 of them and there's 99
left and uh yeah you get your order no okay so this is gonna again it's with magic eating
yo magic eating is working hard like this is a collaboration with magic eating um dude these
mfers man they're everywhere and they're literally helping donald trump launch collection on bitcoin
right now we gotta get the magic eating thing we gotta get uh the magic eating team on and
and recap that so anyways that's about it on the bitcoin side a lot of stuff happening um there
uh and you love to see that so we just went over and then the last bit on this was salona
but again like it was really the undead but i think i heard you sort of cover that yesterday
weekly but it was just like tldr a lot of hype nowhere went yeah went to 20 something soul pre some
people are paying up to 40 soul pre it all happened when it was gone so i it's not like i really was
on top of it and then of course this morning 5.5 so i'm saying of course it's not a knock on debts
it's just the same like we've seen this before it could be them it could be any collection
massive hype presale everyone's buying thing it dumps post you know what though that's what i was
telling a friend because a friend personal friend was like hey what to do with mine i'm like you
should hold it because there's always a second run and that's when you see if it dies or not but
with a tip you'd have to sing it i i hold on didn't meant but it's almost like that right guys
from it's like you have the initial then you have another pump based on maybe a promise or
hey maybe it turns out that they have something revolutionary coming fucked right now
um and then they don't pump again then we'll see but there's always a second pump it's something
to pay attention to yeah though like up for the last three months every new min every new coin
has pumped like it's pumped out the gate like it feels as though you know it's gonna be an easy
5x in the last week we had the shadows which was a bitcoin min dropped 50 and that was hyped
and then you've had now undeads obviously they're up from min but they've also dropped 70 is that
roughly since since that high which one you're talking about uh the crypto undeads yes so that
was 20 let me pull it up on your 20 and now 70 points yeah 70 points and then the shadows
has dropped similarly so i get the feeling that just be a bit more wary of of like new mints
new coins new everything like this whole even and to to to take that point a little bit further
manta which is the edit we were talking about yesterday that dropped quite hard today um you've
had you had the ondo finance which is the rwa coin had a good mint but like this may maybe we're
not in the in the world that everything just you know gets the dwf treatment and goes up 10x like
this feels as though be a bit more aware we're seeing that for new mint and new coins now
okay okay so so yeah it's it's i mean at this stage i mean everybody should know the playbook
right you know there's always one spike sometimes again it's the second spike
and either survives that or it trends lower we saw it recently with froganas like we're talking
spike went down spiked again and i'll just back down to forsole the issue is here is that i'm
starting to feel like while we may be getting and i'm thinking i feel some of the coins
while we may be getting bull market price action we're not getting bull market entrance
in terms of network participants yet am i wrong to say that oh yeah i didn't think this is a bear
market i'm not saying it's definitely not a bear market but we're not like it's not like
two weeks into january in my area but i do something to be aware of like there's only normally
a select period where do you remember 2021 it was like that for like two or three months and you
could just buy any new project and it's like right who got the rare right that that's gonna be a
great trade this this is starting to i'm just you know i recognize this from previous cycles like
people are gonna get wrecked just buying into max coin it feels like here yeah it's uh definitely
and then given the market is not doing great i mean big one like 40.6 right now so it's gonna
have below 40k it feels like very very soon yeah probably we've been getting like reverse shabbat
candle trends so you know i love my shabbat candles uh but the last few fridays and there's
been a lot it's been a lot of fridays that we are literally just dumping like heavily dumping
on all coins um and tends to pick back up on the weekends like you were saying before the bank
brothers uh go and sisters uh go back to work on monday morning uh on wall street so uh so it's
gonna be an interesting dynamic oh and also getting wrecked here say is it 66 cents
wow that is that was that that was the 18th earlier this week so that's that's moved 30
so long as 89 is that how we're gonna leave the show is that one minute left are we leaving
people on the on this note the inverse shabbat the inverse shabbat candles is happening you know
it is because shabbat comes very early right now because the sun sets very early so yeah i think
we're getting inverse shabbat candles because whenever it's the summertime shabbat's like 10 pm
so like you get like the full-blown shabbat candles that like tend to like really send us yeah
um so you know it's definitely not happening uh at the moment wow salana went lower it's
sub 90 right now and all the coins so what i would advise the people this weekend is good touch snow
uh well for me it's negative 30 degrees this weekend um don't touch too much no
osf just has two coins up on his no and wiff that's all he has so like if they haven't moved
alt coins have basically not moved i mean i bet you it hasn't moved so
wiff is definitely a little bit lower i mean it is a hundred million dollar market capital
warden yesterday uh but see that's a real move but that's why all these news to these moves
right it's uh just opportunities for him to far more yeah than two days ago yeah i mean look
there's jupiter airdrop coming like i haven't just been staring at this every day but but
yeah there's a there's a need to max win where's that one i don't even have any of that
what are we looking at now we missed that i own some of that after you both you both told me to buy it
oh you bought it oh nice wow we got you to buy a shit coin on salada you were like i cannot believe
i didn't buy this like i need a max win is like drake's fucking saying like this is going to keep
going and i said that at like 10 mil right or so it was around there i mean i put in some money
the reason i said this because last sunday i branched to something my little brother he's a
zoomer he's like another threat that they're born the same year he kept saying i need the max win at
the brunch table i'm like what do you why do you keep saying this thing and he goes and he goes
because it's drake's alter ego when he gambles on stake.com and i go home and i see that
everyone in twitter is talking about it i'm like why is twitter talking about it and because the
shit coin they associated twitter and so it made sense to me that if my zoomer brother who's not
in crypto he's a law school student he's interested but he's really not like he doesn't have time for any
of this if you're saying this and then crypto twitter's i was like surely this thing's gonna
go and obviously missed it because we we flew and uh you know we over traded the last couple
weeks we decided to maybe stay off for a little bit um and that's about it but anyways uh anyways
that wraps up the show great friday great recap you absolutely love to see it make sure that you
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