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Good Day ₿itcoin: Crypto News & Ordinal Views
Recorded: Aug. 22, 2025 Duration: 0:54:01Space Recording
Full Transcription
Thank you. Good morning, welcome to Good Day Bitcoin. We are back.
It's 9.01 a.m. Eastern Time.
It's the 22nd.
And we're about one hour away from Powell's final Jackson Hole speech.
Powell's final Jackson Hole speech.
Some cool takeaway things there and expectations we can get to for sure.
Currently, Bitcoin sitting at $112,357.
It wicked down below $112 for a moment about 15 minutes ago.
The low was $111,654.87 as of right now.
Definitely expect some volatility today and over the weekend,
depending on how the news comes out or how that news is portrayed, it does seem
like we could be all over the place, actually. A wick here, a wick there.
Maybe it's some sort of historic pivot. I don't know. It definitely could be something that's good for risk on assets like Bitcoin, and it could easily be the opposite as well. Currently, ETH sitting at $42.55. I did see some more bigger wallets selling off. That's okay. Those are late sell-offs for the record.
off. That's okay. Those are late sell-offs for the record.
Sometimes those whale wallets are not the smartest. Also, when you have such a big bag,
you can't just dump everything at the top. It takes a while to do things. Currently,
Solana is sitting at $178.84. The global crypto market cap is at 3.7. No, 3.81. I almost said 3.79. That's what it was
just a little bit ago. Now it's at 3.81 trillion. That's down 0.7% since the show yesterday.
And the fear and greed index, I think yesterday was at 55. It's at 46.
Yesterday was at 55, it was at 46.
Down a tad.
That's exciting stuff.
Donnie started a whole new thing where everybody switches their PFPs.
Liz is trying to take credit for this, saying she was the first one,
but we forgot about that a long time ago.
We remember what happens now and yesterday and the day before that.
We don't remember what started happening months ago.
Get with the program.
That's just how it is.
That's just the way it is.
Do the new.
Do the new.
Some things will never be the same.
Mm-hmm.
Mm-hmm.
Yep.
See?
Bottom line. Markets are in a wait-to-see mode.
Powell's tone today could either set us loose or get us dancing. One or the other,
tighter policy, maybe. That would not be good for the short term, but that would be okay.
Maybe that would not be good for the short term, but that would be okay.
Again, let's not forget the rate cuts do not have to happen for this stuff, for these risk on assets to PAMP.
It does not.
There's too many things already coming towards the end of September and October.
And again, we talked about it before.
Let's not forget about that China stimulus package. Let's not forget about that China stimulus package.
Let's not forget about that.
That's.
That's something.
Just crack that door for us, pal, and just keep us a little bit of hope.
That for sure, the rates are still coming in.
And then chill,
do your thing.
You know,
he's going to be up there standing up there for a while.
I don't know.
I was trying to figure out what he was,
what he was going to say. I know he's for sure going to talk about,
let's see.
Okay.
So he's going to talk about his 2020 policy approach for sure. He's going to bring that up.
He's going to talk about US futures. And then what else did I write down?
Nope. That's all I know he's going to talk about. I asked ChatGBT a bunch of different stuff based
on what I thought. And it agreed and said to the,
the markets are pretty cautious,
basically.
So exciting stuff.
Good morning,
HODL.
Good morning,
Tom.
Well,
since we're talking about Jackson's hole,
what is,
how are your holes doing?
you mean the tunnels? Yeah. That's what i've been calling them this whole time
and now it's jackson's holes it's witter's holes are the ones that matter um there some ex-senator
came yesterday and um there was a big to-. Nobody thought to let me know though.
Um, and so I was just hanging out with my tits out and, uh, and they just rolled up on me. Are you going to, are you going to post any more of those pictures?
Yeah, post it to the top tummy.
Also, that's why I posted it.
We have to talk about the Wrangler underwear.
It is the best.
And I don't normally wear it.
Wrangler underwear wrangles.
It does.
Okay.
For those who need something wrangled.
For those that need.
I know, Donnie, this won't apply to you.
Another commando comrade.
They're selling us things we don't need.
Witters has good genes.
Pants.
The blue-eyed Donnie is here.
What's up, Donnie Big Bags?
I don't know yet. Donnie Big Bags? I don't know yet.
Donnie Big Bags.
Big Bags Donnie is
BBD, so
I prefer that just for the
just because it sounds good.
Sounds good.
Liz, this is
not financial advice, but I am going to suggest for you to change your PFP.
Don't do it, Liz.
Because it's pissing me off.
Do you even know what this PFP is?
It's a good one.
Educate Tom.
You're going to get less engagement with that PFP.
First of all, I'm getting more engagement.
And I'm not sure if it's me or Sofia Vergata.
So I had to tag her in it because I was like, homegirl, I'm not sure if he drew me or you.
So, yeah, but this is LaFouze.
Wait, I thought you drew that.
No, that's LaPuppeteers.
Well, I'm sure I would have done the same job.
But I can't take credit for it.
Okay, well, now that I know, it looks good.
No, it doesn't.
That's how art usually goes on the blockchain.
How did Foe do that?
Wait, why did you get that?
I posted it on the OMB chat.
So there's only like three chats that I actually talk on.
And Witters, I even posted.
I was like, yo, this motherfucker's in a good mood.
Go make your request.
Because he was giving everybody left and right.
He's like, you get a portrait.
You get a portrait.
See, he didn't tell me that.
And then an hour later, he was like, fuck it.
I'm tired.
But for an hour, he was dishing them out.
Is he going to do them today?
Sounds like you missed it, Witters.
No, he's been doing it for a while.
I think it's his new
collection and he's inscribing them because when you uh when i went to already scan that morning i
had seen that he had already inscribed the double double burger um he had inscribed a couple of them
so i think he's inscribing the whole collection yep double double yeah animal style they even
send him a sis assist in the cease letter like he's going a little too crazy with them.
Like In-N-Out?
Yeah, In-N-Out didn't send them a SIS and Deceased.
That's good propaganda, though, I'll be honest.
In-N-Out is probably too busy trying to get out of Oakland
and make billions of dollars in every state to be SIS and Desisting the puppeteer.
I mean, I got to see.
Well, the Raiders made it.
Hopefully they can make it too.
But I just came up to say, withers, he's still doing them.
Be quick because he started like posting now.
He's doing them now.
So like go and post the picture.
Come on, sister.
I sent it to his DMs.
Oh, do it.
I wish I had those.
What I will say is that
I pinned mine to the top.
No, he's making them for guys too.
He's making them for everybody.
But he'll do one of yours.
Like an interpretation of yours.
He did one for Bless as well.
I saw Liz and Bless.
They were so sick.
Did you see mine though?
Did you PFP it?
Well, not yet, but I was thinking about it.
I think you should.
But why do you not?
You should be in my profile every single day looking at what I'm tweeting.
That's fair.
Good show.
That's fair.
I will say, though, I pinned mine to the top, too,
because I did like the little detail of La Vida Loca.
It's like, oh, my heart.
It's the nostrils for me on yours.
I also like the superiority of mine.
I'm kind of looking at the first I laughed and I was like, oh, I'm looking down at you guys.
Like with superiority.
That's what I was like.
Is it me or Sophia?
I didn't even know who sofia was who is so yelling at me being like you just did this cause sofia and i was like
no this i also don't know you guys don't know who sofia vergata is la vida loca possibly like
the hottest actress ever like i've heard the song. You keep saying that, but that was a guy.
No, no, no.
They called her La Vida Loca in the movie with four brothers.
It's funny.
But, no, it's Sofia.
She's from modern.
She's a Spanish girl.
Oh, the really hot old chick, the Latin chick.
And the old lady in the gas station.
She kind of talks like a shit.
You guys are calling her old, but's like now she's old she used
to be hot as hell well she's still hot as hell but she was like that actress uh growing up so
i can't believe you guys don't know her by her name she kind of talks like melania right
yep that's her and she did modern uh family like modern family was on oh i know who you're
talking about now i know you're talking about now. I know who you're talking about.
Yeah, I just, I don't know her by name.
I mean, why do I have to know her by name?
Reality shows too, like making of the band and the X factors and all of that.
Like she's like, she's really popular.
And then she got married to True Blood actor.
And now she might be dating Tom Brady.
But those are just rumors.
He's not dating.
He's sleeping around.
Okay, there's like seven different chicks that are saying they're dating him right now.
Liz, you should have said that.
And he is just sleeping with them.
And he's a G.
I mean, how many Super Bowls does he have?
Liz, you should have said the chick from Soul Plane.
I think most men would remember her from that movie
No, she's definitely not one even though I know who you're talking about she was relevant for like maybe a whole year
The snakes on planes chick. No, no, so Sophia Vergara
She's from so like the first movie I saw so I was thinking of the main actress there
No, no, I mean I meant Sophia like the first movie that I was Soul Plane. Oh, shit. I was thinking of the main actress there. No, no. I meant Sophia.
Like, the first movie that I can remember was Soul Plane.
Y'all need to stop watching.
Y'all need to stop watching.
Yeah, that went bad.
Never mind, God.
Can we move on from this, Liz?
Sure.
I think Liz just wants us to, like, have Sophia and Liz in the same.
Like, whenever we think about one, we're going to think about the other.
I get this.
This is a good ganda.
I like this. Good propaganda. All right, we're going to think about the other. I get this. This is a good ganda. I like this.
Good propaganda.
All right.
Also, Donnie, you missed something.
I think it was yesterday.
It was Latina Day.
Every day is Latina Day in my house.
Oh, yeah.
Yeah, here too.
Dang, Donnie.
You got real close.
Donnie was really excited about that, dude.
He got real up on the mic.
He was like, it's always Latino at my house.
The picture yesterday.
The microphone is always two inches from my face.
No matter where I go.
I told Donnie to tell a marketer.
Because I'm wearing this fucking headset.
Are you rocking a headset, Donnie?
Swivel mic on it.
No, you should see his headset.
I'm going to post it to the top. Can I, Donnie? Swivel mic on it. No, you should see his headset. I'm going to post it to the top.
Can I, Donnie?
I changed my PFP, too.
No, I'm not.
Never mind.
Go for it.
That's what I look like, and I just use headphones.
I don't care.
All right, I'm posting it.
That's his gaming headset.
It's not like a glamour shot, but I don't give a shit if anybody thinks.
It is a glamour. I mean i mean dude you're a good looking guy
um i just saved it yeah over there's always best for gaming right yeah you got i mean if you if
you're doing the keyboard and mouse thing you can't be having that come through the headset
and earbuds always let that shit through yep tom's been putting us through
your crayons too man crayons with that whatever headset he's using we hear the kids
we hear the clicking we hear the gunfire from the other players it's all coming through
i've got the arctis that's a i like having an ab not like it's got gotta be like almost over the top Loud keyboard just to like annoy
Everybody around me
Yeah mine's so loud it probably still comes through
Honestly it's really like you can hear it a few rooms
Away
My family doesn't have to hear the keyboard they can just hear me yelling
Because I got these headphones on and I don't know how loud
I'm speaking
Liz I was just
Looking at a picture
Of holy shit, Grace
I know
I made my anger
In your face, Tom
Why, is it horrible?
Tell me the truth
It's great
They look like they were drawn by someone
Who has a very neat perspective of the world.
He got your eyes perfectly well,
so I don't know why anyone laughed.
But he's using his hand that doesn't perform as well,
and he's using a mouse to draw these.
That's talent, guys.
Yeah, it's very talented.
I was laughing at Tom's response, not laughing at the picture.
I think it would be neat if somebody put the Apple Pencil in their pee hole and then drew a collection.
I would buy that.
You mean like that lady from the Big Lebowski who's naked and strung from the ceiling and she's screaming and flying and whacking paint at the board except it's dick only?
Can I just wrap it in duct tape and then do that
and you still be interested?
Like a blanket? Like a sticky blanket?
Whatever.
I was just sitting there where this was going.
Yeah.
Liz, I was looking at some recent pictures
of Sophia
and you're right. There are a lot of
close
similarities between you two.
What's her name?
Thank you, Tom.
I'm going to look her up.
You're welcome.
What's her name?
Liz?
She's tagged her second tweet.
If you go back one, Liz tagged her in a tweet.
Oh, okay, cool.
I'm going to go back.
I just pronounced it Sophia
Viagra. I mean,
I essentially know you're talking about
the same person. That's the great part, because I didn't know
who she was by name.
It was that attractive, you know,
older Latin chick in Hollywood.
Does anybody
know what the new Cracker Barrel
logo is that everybody's
really pissed off about on Reddit? Yeah, it just says Cracker Barrel logo is that everybody's really pissed off about?
Yeah, just this Cracker Barrel.
Yeah.
Well, they redid it and took off the Cracker and the Barrel so that they went woke, but their sales plummeted.
I think they had to fire the new creative director that did that.
But in all fairness, no one's talked about them this
much, so I feel like
it's still a work.
Oh, I just saw it.
Wait a minute. I just saw the new one.
But they even changed the restaurant.
What's worse is they painted the
inside of them white.
Who gives a shit? Why is this offensive
again? Why are people mad?
Because it's America. You know, everything that
we have is holy.
It's our branding.
But I think, like, most of
the thing that affected it, I think it was
the CEO. Like, as soon as she was
since she was put
on that position, it's been down 45%.
So...
The rebranding just...
Women CEOs?
No, it's woke bullshit. But're rebranding. Women CEOs? No, it's woke bullshit.
But they're rebranding.
They're rebranding.
Since they're rebranding, they only fell 15%.
So I think it was more
an issue of the CEO.
And maybe her.
Well, the logo sucks.
It was good. Now it sucks.
She used to be the CEO of Sprinkles,
and she's trying to turn it into an ice cream parlor,
is what I think.
Wait, there's a CEO of Sprinkles?
Just in general?
What?
She used to be the CEO of Sprinkles.
It's like a cupcake company, I think.
Gotcha.
And then she became the CEO of Cracker Barrel
and was like,
white people don't have culture.
Get rid of that barrel.
And the cracker.
I don't understand that.
I don't get it.
I don't get it.
They sell those chairs and those barrels.
You can buy them.
Not anymore.
The whole point is that it's a fucking, they got rid of the cracker, dude.
That's the problem here.
Yeah, they've gotten rid of them. They're gone. They got rid of the cracker, dude. That's the problem here. Yeah, they've gotten rid of them.
They're gone.
They got rid of the cracker.
I mean, winners should be pissed.
These barrels distill liquor.
What? No, baby.
I go to barrel pickings.
I'm invited.
You have to have an invitation
to go to these things.
That's what I'm saying. You should be pissed.
I don't give up.
Killing your culture.
Wait, so people are mad?
I just don't get it.
Donnie, people get mad about everything here in America.
Yeah, when are people not mad?
Have you not gone to Polymarket?
Like, they literally bet on everything.
I don't even know the website, to be honest. This is literally a private equity play to like laden the company with debt and get the
shareholders a lot of money you know what a cracker barrel is it is a barrel on which crackers would
be served in general stores and to say something is cracker barrel is to say that it is country
down home.
That's not offensive.
It's not.
I guess we put it in the middle of the city.
But now it looks like Cracker Barrel should be on the corner of 5th Avenue.
And it's no longer the country.
Dude, the logo.
I can't get over it.
America's too long.
But before the thought, I really didn't like the minimalist look of the logo.
I like creativity and bullshit.
That was my first thought.
And then I saw the woke bullshit.
I mean, they just pulled a Jaguar. Isn't this what Jaguar did a while back?
They tried to rebrand. It was super simple with it. It was super lame.
Nobody liked it.
And now they're struggling to get back.
The dumbing down of corporate America in full effect.
So I actually read about this.
Apparently there's some, I didn't even know about this.
There was some sort of score.
Like they give out some sort of rating, which is like a score, I guess from 0 to 100,
on how friendly you are to the woke stuff.
And back in the 90s, apparently, they were very anti-LGBTQ, whatever, and they had a low score.
So in the 2000s, they got a new CEO and all this stuff. And then they slowly, they were doing things.
And now with this CEO, the incentive to make a change.
So apparently they'd been on somebody's radar since the nineties.
And this is the whole thing.
Them and Chick-fil-A.
Sounds to me like a need for validation.
Like know your fucking client.
It's that easy.
You kill the culture before you raise a bunch of money
And give it to your shareholders
That's all I'm saying
They're not going to sell that many of those chairs anymore
What chairs?
They sell cheese and crackers
I'm trying to figure out what the fuck people
They got chairs out front you can buy
Real like wood country chairs
You can buy a train whistle
Not in the city ones You could buy a train whistle. Not in the city ones.
You could buy a checkerboard.
Every time I've seen anything, Cracker Barrel was in a fucking refrigerator and it was cheese.
I've never even seen the crackers.
I'm just saying they had crackers, but I'm not even sure.
I don't even know if they serve crackers, to be honest.
They sold crackers in the gift shop.
They were called like biscuits or something. But they were crackers.
Liz, can you...
Guys, they used to even have them at the supermarket.
No, they used to have the little chikuchi boards at the supermarket.
It would say Cracker Baron.
And we'd have just the cheese and the crackers.
And salami.
I love when people say that.
Do it again.
Liz, we need...
This is a problem.
Because...
Liz, we need your lips to be bigger.
It's just now that we see Grace and her big lips.
Oh, shit.
The lips are kind of the center of Grace's piece.
You're right.
Yeah, but when I took that picture,
because it was in such a bad angle,
but I don't really care by angles or whatever.
I'm like, this is me.
I'm not a photogenic person either.
I don't have big lips like that.
My lips are more like Lizzie's.
But a bit of lip liner does you wonders, Liz.
Maybe put a complaint in.
Yeah, maybe put a complaint in.
complaining.
Hmm.
We got five straight days
of bearish futures
that we've seen
over the last five days.
That's kind of why I'm here.
I came here to call out Speed Racer.
Is it? Is it time?
Is it time to go back up or are we going down?
He's sleeping today because he's not excited to be here.
Yeah, so Speed Racer has been
against everything I've been telling him, like, for
months, right?
And it's like, all right, dude, how many times does this shit have to go down for me to tell
you it's going to go down?
Like, I'm not understanding.
But anyway, he comes up with every excuse in the world.
Like, it'll be these crazy fucking assumptions or, like, whatever he read on the news.
And I'm like, bro, just fucking, like, there he is.
There he is. I'm calling him out. up here buddy get up here if i said his name and he showed up he came out
the anonymous listener section disrespectful just be like come up you kidding there's nobody else
down there there was one and then as soon as speed came up it left now there's none there's no no
there's one again okay i see what's going on here.
That's wild.
I mentioned his name and he just popped up.
He was definitely in the anonymous listener shit.
100%. I have never been in the anonymous listener section.
Not even to see what it feels like?
It's probably a little bit scary over there.
I don't know what they're serving for drinks there and everything i mean it could be like you know weird stuff that happens
there save that for the bots speed which pfp do you like more liz or grace from a one to a ten
what would you rate them they both look like someone had a like a smudge across their face i
don't know but let's let's I'm going to be honest here.
I actually like Grace's a little better.
The lips stand out.
And a lot more
contrast.
Please don't interrupt
our judge. Go ahead.
Speed 69, go ahead.
She also has a peace
sign. Everybody loves world peace.
So I think that's going to be my vote
Sorry Liz
Liz has coffee in her hand
Does she?
Yeah, can't you see it?
Can't see it
She's got cleavage
She's showing boob
You know Yeah She's got cleavage. She's showing boob.
You know,
yeah.
You can get in trouble with all those imaginations.
What's written behind her?
The PFP cuts off the letters on the wall.
Is that some intrigue that's supposed to be there?
La Vida Loco.
It's La Vida Loco. It's my favorite part of the PFP.
Why do you look like you have a really bad nose job going on?
What's happening over there?
I feel like I have a superior look Like I'm looking down on you guys
You ever seen George Bush's paintings?
Remember how he
When he was being president
Everybody was like, look at his paintings
And the paintings looked like they had been painted from multiple angles.
They had this weird anti-reality.
It wasn't a specific style, but there was one that was a path that led up to a house.
And it looked like he painted every portion of it from a different angle.
It's kind of how your face looks.
People forget his speeches, too.
I mean, everyone always talks about Trump and his speeches and how off the wall but but bush was a funny guy he kind of had that
going he's kind of had a little clinton late late cycle clinton in him and uh and it's it's
refreshing to kind of get these people in front of a mic on a regular basis because you never know
what they're gonna say bro have you seen the the video of him uh hitting the drive on the golf course and before that he was saying some shit
about terrorists if i'm not mistaking something like that that's the funniest
i did see i was like scrolling through someone had had highlights of his old debate stuff with Jeb Bush and Hillary.
It's just like you forget that this happened and this person's our president, the stuff that he says.
Out of the first 99 wallets that bought the Yeezy token at launch, nine of them still hold some coin. Looks like the price spiked 1,400% to $3
in the first hour. Then it collapsed about 80% within that day. Looks like 13 big wallets.
No, there's two others. We'll say 15 big wallets, two of which were connected, scored a little over one milli each. It does seem like actually there are some connection between all these wallets, and there's 24.5 million profit that was made. The top 10 wallets made almost 20 million i thought somebody said it was like 90
bundled yeah i don't know the percentage but i do know the numbers i just said because i
i found the wallets and was just digging and just looking around and they are those were
the ones i mentioned are connected so what they did was
apparently what if they did according to what was on the website they only released 30 of the supply
and the other 70 was supposed to be on uh like a cliff and a vesting period but and what you're
talking about with all the top holders like i saw that too i think they just made liquidity pools
and it was all just people buying and then pulling out of the liquidity pools like they they made multiple ones and the one the
multiple ones that they made were actually like lopsided with just the token and no cap on the
not all of it but like it was really lopsided and that's how they ended up dumping the token
on everybody all of that is just for show everything that's not yeah i did see um
i just looked this up just because you said that mike i did see what you saw for the 90
of the supply tied insiders uh but that's not confirmed that's just like some stuff that got
put out 70 of the wallets were tied to Yeezy Investments, LLC.
But, yeah, I mean, those are big numbers.
I know... It might not be bundled?
No, it's bundled.
How bundled is the question.
I'm just saying 90% bundled.
I don't know.
I definitely do see that being possible.
Yeah.
Well, it doesn't matter.
You're going to have to cook out and put two piles of wood on there, on that fire.
Even if it's only 30 or 40% bundled, that's still too much.
They can just press one button and sell all at the same time and dump the price.
So, yeah, it doesn't matter how much it's bundled.
If it's 30 or 90, it doesn't make a difference.
It's a celebrity coin.
It's going to do the same thing as every other celebrity coin i
pinned i pinned on top a tweet like every celebrity coin is 95 down or more it doesn't make any sense
yes it does yeah you got to sell it within that first day exactly it makes sense yeah i don't
know what else would happen what else would happen yeah I agree. It's become an avenue for people that get like 10 minutes of fame
or the ones that have had a lot of fame and just can't do anything anymore.
It's become like a stimmy for them.
That's about it.
How am I going to get famous and launch a token
and just know that it's going to zero and rug everybody?
What do I have to do to get there?
I think I have to be polarizing. Bro the the only celebrity token i've made money out of
and not a lot was tiger king because i saw that tweet like half like 30 minutes after he posted it
and i just bought sold like a couple hours later but that's the only way like if you hold that
shit for more than 12 hours you're fucked probably. Probably less. So I ended up with the fucking...
I got the Hulk Hogan token.
I made money off of that.
I wish it would have sold much sooner.
And the Jason Derulo token.
Look, I caught the Hulk Hogan token literally a minute after it came out.
Hulk got us, man.
Yeah, he did.
That means you dumped on us, Nico.
I tried to.
I was about to say, let's confess
Insider information
I saw it on Twitter
So I tried to dump on you guys
I was up like 20x, but I could only pull
I was sitting there pressing self the whole fucking time
And I only got a 2x out of it
But whatever, you know
And Hulk Hogan
Obviously it wasn't him, but he retweeted my tweet
I was so happy
It just turned out to be a rug for everybody You wasn't him but he retweeted my tweet i was so happy but anyway
yeah it just turned out to be a rug for everybody you got a hulk hogan retweet yeah dude screenshot
that engagement farm that put it up top it's a collector's item that's not like i don't see
no follow that's you can't get those anymore yeah no you can't but it got deleted like an hour later. You didn't screenshot it, Nico?
Nico.
I wish I did.
Oh my goodness.
Now it's just a good story.
Yeah.
Now we don't even know if it really happened.
I'm full of nothing but good stories.
Not really on Twitter.
It probably didn't happen.
Usually in the back of a cab.
See.
You could have written a thread
with that picture saying you knew him.
Invent a story
and you would have been famous.
You ruined that opportunity.
I kind of wish. I've been seeing
pictures of his daughter and I'd like to meet her.
But that's besides the point.
What's her name?
I don't remember. I just saw a picture of her, bro.
Do you have another weird wrestler name?
No, she hates her dad.
She hates him. She hates wrestling.
It's Brooke.
That's what it is.
Yeah.
Yep.
Well, I did see
Andrew Tate tried to short
Yeezy, and
I don't know how that position's doing now,
but like two hours ago, he was down almost 20K.
What is Yeezy at now?
Has it only gone down the last two days?
Yeah, it's down.
It's down.
Like he opened it at 85 cents, a 3X leverage short. So he just waited too long.
What's the coin at right now? I don't have it up. But anyways, on this wallet,
on this Andrew Tate's known wallet that he put this trade in on, he's got 80 trades on that wallet 29 29 of them were profitable um at a 36 win rate and he's
down 700k it's up 67 cents right now yeah there's no way he's down 67 oh so he's way up then if he
didn't close um or not way up but i mean he's up like 30K, probably 20K. What are the thoughts behind RuneCoin being behind that token?
Chaos is brewing, according to RuneCoin.
I wonder what they're brewing up.
RuneCoin's behind what token?
They're brewing up a bigger rug than what happened, or was that the principal purpose for the tweet?
I just posted to the top, nine hours ago, chaos is brewing.
They don't know the meaning of chaos.
What?
The next tweet is deploying capital.
And then it's got litigation.
Jail.
This is just a joke at this point.
It's just a joke.
Is it?
We all thought that was a utility token.
Maybe it turns out to be a meme token.
Wait.
You expect a room to be a utility token?
What are you going to buy with it?
Yeah.
Did you guys say that?
Yeah, I'm with Nico on this. What the fuck are you guys say that? Yeah, I'm with Nico on this.
What the fuck are you guys talking about?
I never said that once.
I don't believe in utility.
I believe in me.
I've never said that either.
That word makes me uncomfortable.
Community, utility, these are bad things in the space.
I don't appreciate those things at all.
Except for Chainlink.
Tell your XRP. chain link is like the
exception for everybody it just doesn't make sense at this point it's like everybody will talk shit
about every other fucking token out there chain link does nothing but yeah it's an oracle what
do you mean it does nothing no i mean the price i know what it does i know okay so then so then
it doesn't do nothing i mean the price doesn't do shit it does. Okay, so then it doesn't do nothing.
The price doesn't do shit.
It's like a fucking stablecoin, bro.
Nobody defends this Oracle shit more than Hodel.
Like, literally, this is what he does.
Go look at what an Oracle does.
In the top
25, on the top
25 crypto,
the top 25 coins,
Chainlink is the only one up over the last seven days.
Tablecoin.
And it's up 8.8%.
Our hero.
Everything else is down at least 5%.
Except Tron.
Tron's down like 1%.
Besides that, everything's down.
So I just wanted to throw this in there just to defend HODL here.
If Chainlink wasn't around, you wouldn't have any smart contracts on a lot of networks.
It's not just Ethereum, but it's a couple.
They actually are multi-chain.
So yeah, they do do something.
Don't get me wrong.
The whole point is for them to be Turing complete smart contracts, to have actual live data in the smart contracts.
But other than that, they do nothing.
Sounds like a lot.
Wait till you hear about these other chains.
It sounds like a lot, bro.
Like literally getting, making sure that you have the right price of the right token
at that millisecond when the trade is ongoing.
Sounds kind of important when you're like, I don't know,
an institution that's running around sending out billions of millions of dollars.
Sounds important to me. Yeah, but when you're like, I don't know, an institution that's running around sending out billions of millions of dollars. Sounds important to me.
Yeah, but when you're sitting there with the treasury that you're just giving away money so somebody can compete with you because it's just way too much for you to even do.
And the price will never go anywhere and nobody realizes that.
That's a whole different story.
It's more like you're – they're making the – everybody –
You're arguing against a coin that's already in like the top 11, bro, so I don't know what you're talking about.
I don't care.
To be honest with you, I'm not against you.
Aren't you the guy that said that XRP was never going to all-time high to his friend
and it already went to all-time high?
It didn't.
Did it?
Yes, it did.
Yeah, I am the one.
Okay, all right.
I won't get invited.
I won't get invited.
They don't invite me to barbecue.
I wouldn't either.
What do you want me to tell you, bro?
He's cast out of the XRP barbecue.
I am.
I am, actually.
I am.
I don't want you either.
That's crazy.
They were not really your friends.
Because I shield bunk and my barbecue, and I would have killed anyone if I bought when I shield.
How are you going to shield but not have it?
Oh no, I have it.
How many people showed up to your barbecue gone?
I still have it. No, it's not my barbecue.
I show up to somebody else's barbecue.
I'm not gonna clean that shit afterwards.
You can come to the barbecue.
This is like a joke like that.
My meat, your grill joke.
I don't know. Somebody missed it.
Yeah, somebody missed that one.
That was wild.
Let me expand on this XRP story.
While I was telling them XRP was a rug,
I don't know if you guys remember this,
but do you remember Emacs?
I remember a lot of rugs back in the day, bro.
So Emacs was the rug with
Kim Kardashian
and the boxer. What's his name mayweather
right oh a celebrity coin kinda they were saying that it's gonna be like the better ethereum and
they called it ethereum max in the meantime it was a token on ethereum but yeah and it was gonna be
like a better ethereum and like we were in the middle classic and i'm sitting there telling them
yeah that's a rug too and they're just like
no and then like i never got invited to the barbecue again but i was right about that one
and then i was i guess you could say i was wrong about xrp but that's still to be you can literally
chuck a dart at a wall and call it a rug and you're gonna hit it you're gonna hit a rug 99
percent of the time so i mean he says chain link doesn't have a use case. I'd probably agree with him on whatever that celebrity show was.
But, like, that's people believing in Iggy Azalea making, like, a new coin to create for her casino.
Like, nobody wants your fucking celebrity casino, bitch.
That's like, just be honest.
I just told you the use case of Chainlink.
I'm going to say it doesn't have a use case? Hutto, to be fair, Iggy Asaela's coin is the least down by 2% out of all the celebrity coins.
You got to give her a fair share.
She's down 96, not 99, and we appreciate that, Iggy.
We appreciate that.
You worked.
Look, she actually tried.
Because of butt.
She actually tried.
I'm not going to dog on Iggy.
No, she tried hard.
Yeah, she tried.
She's a good jet.
I'm not going to turn it on her mother.
But she did better than everybody else.
She did get a couple men hard.
So she did try hard.
True.
True.
And she threw them a huge fucking party in Singapore.
And that's the day I sold, Nico.
I bought two weeks before that shit.
And they were all partying.
D-Guys were dropping strippers on the ground.
And I was like, yeah, that's it.
Whew.
Congratulations. partying d guys were dropping strippers on the ground and i was like yeah that's it congratulations to iggy y'all said that that was pretty successful but apparently the yeezy token was one of the most successful because it was the fastest celebrity pump and dump yet. I thought Haley was faster.
By what standard?
I'm interested to delegate this.
Wasn't Hak Tua faster, I feel like?
Yeah, Hak Tua, like, it died long before.
Yeah, I mean, they were both very fast, 24-hour runners, let's say.
So we'll give it that.
But that's why I was curious, like, what is their standard on, like,
oh, fastest rug ever? Is it just, like, a cool headline? Because then it's like, yeah, all right, fastest's say so we'll give it that but that's why I was curious like what is their standard on like oh fastest rug ever
Is it just like a cool headline cuz then it's like yeah, I fastest rug of the week
October was like the first
Not even like in the first three minutes that shit was a it was like it was like nine minutes
Yeah, it was nine minutes
That coin ended her her her meme
Like it literally yeah, but wasn't there like a sympathy
pump off of that,
off of the decline on hers? This one just
straight up just died.
It was a sympathy bump, maybe.
I think she sold her account.
Did she give us a sympathy pump?
No, bump. Like a speed bump.
Like an exit pump.
You know, for the people that know it's tanking.
You know, they usually pump it up like 20 or 30 percent, try to trap.
I don't even think it had that.
Like, it was too low for it to have that.
Yeah, I mean...
It literally went from like 300 mil to like 5 mil in seconds.
So, yeah.
Yeah, that's faster than this.
This is still in like the hundreds of millions for Kanye.
Yeah.
Insiders definitely cashed out millions on this one.
I was surprised that token was above a billion dollar market cap after 12.
Three or four hours after it came out, I was surprised it still was above a billion dollar market cap.
So yeah, I was trying to figure out whether it was a rug or not.
So when you look at the Libra, the Melania coin,
there was a few other coins related to the Hayden guy, right?
All those coins magically this week had a great week when funds got released.
Libra went up at least 500% or 600% one day.
Crime is legal.
No coincidences.
Did Melania go up to her?
Oh, yeah.
That's what I was saying.
All these guys correlated with the ones that they were working on.
I was like, wait, Melania is still over a billion at some point?
I was shocked.
I was like, this thing is pumped to high heaven.
I got to go quick, but I'm going to just mention because I missed the first part of this space.
Sorry.
But regarding Bitcoin here, we got about 15 minutes in Paul Speaks. You could see a wick down
with volatility because there is some leverage still at that about 10.8 level, which would also
correspond with this peak back from June. So that would get us to like 10.6, 10.8.
And then you could see it reverse because again, I think the market's coiled for hawkishness.
So again, I don't think there's anything
that he's going to say
that's going to make a major impact at this point
versus if we were at all-time highs.
So it'd be interesting to see what he says.
I think he's going to be pretty nebulous.
I do know that the chance of a rate cut went down
into the 60s today. Remember, these futures markets are hedges. People are hedging. You can
place your bets with money when it comes to this and basically leverage a position or buy insurance
for a position. It's just getting closer to 50%. We'll see what happens today.
But then ultimately, even if it's a nothing burger,
what some of the hawks will say is next week's PCE,
and then you're going to get jobs numbers,
and then you have NVIDIA earnings next week.
So there's still a lot of volatile events
over the next few weeks.
So depending on where someone is from a hawkishness
or bearishness, or if we're going to go up or down,
people are going to have arguments both ways. So i got to take off uh i'll post something later
thanks b yeah thanks b the typical september or historic average for bitcoin minus two and a half
percent what do you got whitersitters? I have a question.
And it might be...
I might just need to DM Manny, but
does anybody
know if
anyone is tokenizing
elements and their isotopes?
Nope.
Not sure.
That's a way too smart question. I got hit by water bottle. I'm not sure that's a way too smart question
I got hit by water bottle
I'm not sure what you mean by elements and isotopes
I need a little bit more of an explanation
on that one
you mean just like inscribing the periodic table
that question is too smart for this panel
come on
germanium and cesium is what I'm wondering
but can you
you mean connect them to actual instances of this?
And so are you, how are you going to collect all of the germanium?
Yeah, you can't.
Okay.
And doesn't everybody kind of have their own germanium in a way?
Sure.
Okay.
No, I don't think I've ever heard of anyone doing that.
And I don't really understand it, but
do it. Why don't you
just tokenize H2O
and say you own all the H2O?
Yes.
I was going to say, sounds like runes and ions.
Go for it, witties.
Colorado, it's already all owned.
We'll tokenize air. We'll make it
a rune. We'll give it to everybody.
And let's see what happens after that, if we can still breathe.
I was looking at October, and the last 10 Octobers averaged 21.6% green in the up direction.
Nine out of the last 10 were green.
The only one that was red was 2018.
That is why they call it uptober.
Next 45 days are going to be pretty wild here.
Go ahead.
What was that?
That was actually a good one.
Let's tokenize the air and see if we can all still breathe.
Yeah, I thought it was.
Bro, you got too much of the supply.
Thanks, Liz.
I was laughing.
I didn't know what to do with them.
Cool.
Well, thanks, guys.
We hit every once in a while.
Bearcase, if we get some hawkish bed tone, kind of like what Speed was talking about, expect like a 10 to 15 percent, maybe a red swoosh in the chart sometime near or in September.
September. It looks like September is probably going to be all over the place. We are in the last,
close to the last week of this month. So it would be interesting to see how this month ends
and how the setup looks heading into the rate cut timeframe when that would happen.
the rate cut timeframe when that would happen.
I'm definitely looking for hints for that today in the speech,
in Powell's speech.
And I think there will be most likely some hints,
which direction he's going to go.
That happens here in about 10 or 15 minutes.
I actually am doing some nerd stuff and have some friends coming over to talk news and rates and all that weird shit.
Spot ETF net flows and funding open interest are looking for signs, looking for dip buying, distribution opportunities.
To me, it seems like they're looking for new places to enter. That's
why the numbers have kind of been out, you know, and not in. We've seen five days of major outflows,
right? Or not major outflows, but five days of rest, depending on which chart you're looking at. But the market seems like it could
wake up at any moment in either direction. There's liquidity on both sides. In my opinion,
we're headed up. To me, it just seems like that's right, at least for a week or the weekend, something like that. The market seems like it agrees
in the last 10 minutes. Solana has gone from 178 to 181. ETH is also broke out at 42.50 and is now
at 43.10. And Bitcoin dipped right at the start of the show. I don't know if you were here,
you remember me saying $111,654. That number was the low so far for today. And right now,
it's sitting $1,000 higher than that number. But it was a good one. Nico, what do you got?
but it was a good one.
Nico, what do you got?
I was reading that because this week,
like everything that's going on,
the issue that everybody's having is
not necessarily the core inflation numbers,
but other things started inflating.
The big one was the metal workers.
All of their work started inflating out of nowhere,
which wasn't really supposed to.
So a lot of people, I forgot what the guy's name is in the Fed, but he was saying that
if inflation is not contained to just what we're bringing in and it's going on to services,
that's a real problem. And that's kind of what's affecting whether or not we're going to increase
rates. And I don't think those numbers are going to come out any like any new numbers towards that
are going to come out anytime soon also the the the i will the pce numbers don't really matter
next week because they kind of already know what the pce numbers are from the ppi and whatever i
agree yeah so yep um yep the big one to look for is where the inflation... That's really what threw a monkey wrench in everything,
was the metal workers' inflation numbers.
Because it just didn't make sense.
The labor is going up.
Everything else is going up.
Not only that, but all this shit with Walmart and Target,
increasing prices before tariffs even took into effect
was another inflation indicator
that they didn't see coming.
So everything is all over the place because nobody actually knows where the inflation
actually is.
And nobody's going to know until somebody figures out what Trump decides to do with tariffs.
So really what's happening right now is the uncertainty.
Everything is so uncertain that nobody knows what's going to happen altogether, which is not a good thing.
But yeah.
Yeah.
There.
I also saw a few different things today saying that ETH was going to be Wall Street's Bitcoin.
Right.
I don't know. But it does kind of fit the setups and the heat that's on the market.
I don't know. I did say five-day cool-off. ETH only had a four-day. It looks like 924 million outflow streak ended yesterday for ETH.
Currently, cumulative net inflows for ETH for the ETF sitting just above 12 billion big ones.
Got a good weekend here.
Appreciate everybody that likes and shares the space, spends their time and comes up on the show.
We're here Monday through Friday, 9 a.m. Eastern time,
every Monday through Friday.
We'll be back Monday, 9 a.m. Eastern time.
Good luck to us.
Good luck to y'all.
Hopefully you have a good day.
We'll see you on Monday.
Bye. We'll see you on Monday.
