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THE DAILY ALPHAβ»οΈ
Recorded: July 2, 2025 Duration: 1:03:49Space Recording
Short Summary
In a dynamic discussion, key trends in the crypto market were highlighted, including the potential for Bitcoin to surge as mainstream figures endorse its value, the implications of new financial regulations, and the launch of innovative projects like the X Money card that aim to integrate cryptocurrency into daily transactions.
Full Transcription
Thank you. Yo, what's up? What's up, what's up?
Welcome back to the Daily Alpha.
You guys know the deal.
A likes and repost go a long way.
We start the space at 11.
Allison's thread is pinned up top.
So if you missed yesterday's show and you failed to get the alpha,
Allison does a recap after every show.
And she she really appreciate
your guys to support if it's a bookmark if it's a like if it's a repost i know you guys are stingy
with those but uh no bookmarks and likes no one sees those so that'd be greatly appreciated if
you give her or us just a little engagement to show us that we're doing a good job here
goes a long way keeps us mentally sane
uh keeps showing up every day and providing it value for us just a like you don't understand
like how that makes people feel so i love you guys appreciate you guys obviously yesterday
we had a deadlock of this big beautiful bill it was 50 50 no one could understand if this bill was gonna pass or not and
they had to wheel in jd vance and sign this bill to a 51 to 50 um deadlock and it passed and uh
yeah we are basically adding uh around four trillion dollars of debt to already a debt spiral we've been in already. So that is
what happened yesterday. That's what business people do, right? I mean, most of them don't pay
or find ways to pay the minimal version of taxes and you leverage debt to get more
money to make more debt and you just keep kicking the can down the road and hopefully uh you can
kick it your whole life you know and then pass it down to someone and have them keep kicking the can
down too bro yep yep so as soon as the debt ceiling raised, we headed to $38 trillion in debt
where yields are heading to 5%.
So when we talk about interest rates at 5% to 6%,
well, if you do the math,
we are basically at $1.9 trillion
just for our interest a year.
$1.9 trillion just so we could borrow money at this interest rate level. So you can understand
why Trump wants these interest rates lowered because if he wants to refinance his debt,
he ain't going to do it at these interest levels. And so that was hilarious. I mean,
it's ultimately happening. We had Jerome Powell also on stage yesterday saying that the Fed would have cut rates if it was not for the Trump tariffs.
So the fact that this is going on, Jerome Powell says, yo, we would already be cutting rates if we didn't have these tariffs.
Basically making me think that we are possibly going to be heading to an unexpected rate cut sometime in July.
I put my money where my mouth is.
I put a Polly market bet last week when I
discussed this. I think it's up to, they grew up to like 20%. We were at like a fucking 5, 10%
last week. And now people are suspecting that there might be a rate cut here. But in general,
debt's out of hand. We all know this. We're in a vicious spiral.
This is great for Bitcoin. And we're having a fraction of Elon Musk and Trump, right?
And obviously, Trump's all in Bitcoin. He said that he said as much. And now we have basically
Elon also might be in on Bitcoin also. Do you guys remember the conversation that Brian Armstrong had?
This was on the 4th of June.
Elon Musk responded to Coinbase CEO Brian Armstrong saying,
Bitcoin may take over the Federal Reserve as the world reserve currency.
And Elon did a little America flag underneath the post.
Well, yesterday, this guy, his name is Von J BTC Industries.
He basically put a post out saying, has anyone noticed that Elon Musk talks a lot about things
like overspending and debt and a bad government decision in general, but has completely stopped
talking about Bitcoin? The most sane path out of this mess doesn't add up. What's he hiding?
And then the guy underneath
point joint says maybe he's stacking quietly and then this guy basically screenshotted and elon
must actually liked the post saying maybe he is stacking quietly everybody was suggesting that
this could possibly be fake the guy went on his youtube and basically live streamed and basically clicked on it and showed it was actually Elon Musk that liked this.
So I think this is good for our bags in general.
Obviously, Bitcoin's main use case is the government's going to continue to spin.
We just added $4 trillion.
Now we have basically a cut down the middle.
Trump basically is all in on Bitcoin and just crypto in general. He thinks
it's going to bring a revolution of jobs here in America, digital assets. And he kind of is more on
the boomer side. So he attracts the boomer side. We have Elon Musk now that has talked about Doge
Coin, has put it on Tesla, kind of more is cut for like more of the Zoomer crowd sitting here quietly accumulating Bitcoin and ultimately could get more retail in if he starts talking about it more on the timeline.
So kind of this is like a great thing.
I know it's not great for America, but for our Bitcoin bags, this is kind of the use case we want.
We want two of the biggest people in the world promoting Bitcoin.
And the main why Bitcoin is so valuable is because the government continues to print more and more debt, no matter who changes here in the government.
So we might actually get this. We have Bitcoin just broke $109,000. The past few days, I guess
the past few weeks, I have been showing you the market making that's been going on with Binance.
that's been going on with Binance.
And you can go find that on Arc Intel dashboard.
Yesterday, Binance sold over $100 million worth of Bitcoin
in a 24-hour period.
And Bybit and Coinbase were in on this two weeks ago.
They kind of subsided and let base do this.
And they've been keeping under $108K.
And I said, if they ever break 108 then it's
probably game on and now we're breaking 109 we were just at 105 everybody was capitulating on
the timeline and now we're breaking out of this kind of uh suppression that's been artificially
done by the centralized market makers so do we get to all-time highs? We have a kind of wonky week this week.
Obviously, Friday is a day off from stocks.
We have a long weekend.
And then next week, we're getting the trade deals.
We've already had one trade deal announced with Vietnam.
Trump has already announced China and possibly India.
It's going to be happening sometime around July 9th.
And Trump has said that there are going to be no extensions.
This is going to come down to it.
So the market is so forward-thinking that they see the Vietnam one come. They're going to think that China comes,
India comes, and all these come on July 9th. And ultimately, that's what we need to see
for Jerome Powell to cut rates. And that's ultimately going to be the ammunition for us
to go higher. So lots of good under the radar. you have to do some digging to find the good news in this
market just a lot of positive kind of gold lining here silver lining in the clouds with a lot of
kind of macro stuff kind of lining up for bitcoin to go a bit higher today so thought that was
interesting we had standard charter which man these guys make crazy predictions says that bitcoin is going to hit 135k and q3 and 200k by the year
end of 2025 fueled by etf inflows corporate buys fed cuts and stable coin regulation
though we got that we have blackrock basically uh i shares bitcoin trust added 3.5
billion and btc just in June, which is massive.
And then I think the last one, which is the June ADP jobs report.
The economy lost 33,000 jobs in June as per ADP, badly missing forecast of gain of 99,000.
That is the lowest monthly total since February 2022.
That is the lowest monthly total since February 2022.
That follows a downward revision for May, which just added $29,000 compared to the previous report of $37K.
Key takeaways, this is the worst ADP payrolls that we have reported in quite some time.
The data points to a slower labor market and rises the chance of multiple rate cuts by the Fed this year.
So with the Fed's two jobs is to check
unemployment and check inflation well if we get through these trade there trade deal
yo you like vanished yo
maybe is it me
i don't fucking know
that's what sucks when it's just both of y'all
throw some emojis or some shit if y'all can hear me
i guess Alright, bet.
Probably got something.
So, yo, X, if you can hear me, your shit is out of there, bro.
You need to reconnect.
Just leave and then come back.
I don't even know if you can hear me.
So, I'll text him and then we'll keep the ball going
appreciate y'all for bearing with us
on that side note right just kind of talking about Jerome Powell and everything that's going on
posting this up to the top they're calling for an investigation into him right so you had fannie mae and freddie mac
uh earlier last week talk about wanting and basically pushing the regulatory housing
uh commission to start accepting bitcoin as potential uh proof of reserves right not necessarily
collateral but in a sense proof of the ability to make your payments
for your mortgage going forward.
And then earlier today, they dropped probably about 30 minutes ago or so.
It says, U.S. federal housing Fannie Mae and federal MAC call Congress to investigate Jerome Powell.
Washington, D.C. today, the Director of Federal Housing,
issued the following statement. I'm asking Congress to investigate Chairman Jerome Powell,
his political bias, and his deceptive Senate testimony, which is enough to be removed for
just cause. Jerome Powell's $2.5 billion building renovation scandal stinks to high heaven. He lied when asked about specifics before Congress.
This is nothing short of maleficence.
I'm impressed I could say that.
I think I said it right, but that was GG's.
And is worthy for the cause.
As Senator Luman said, he has made a number of faculty inaccurate statements to the committee regarding the Fed's
plush private dining room and
elevator skylights, water features
and roof terrace. So, they're
trying to see if he's dirty, right? Ultimately
even more pressure coming
at this man and his job.
I mean, I think he only has a couple
months left anyway,
right? But to know that
everybody's gotten in from you right from the
the man in charge the president to now people on congress and then senate so yeah not too happy
with them we might look i don't know if he's purposely not trying to get bullied out right
and it's one of those now it's a pride and kind of issue thing of yeah you're not going to kick
me out of my job but it's more and more kind of strays and bullets coming after him for shit
that, I mean, most people wouldn't even, not necessarily suspect,
but stuff that has nothing to do with it, right?
Ultimately, if you cut interest rates,
no one gives a fuck if his other bills are good or bad.
They're kind of going to let him ride out his term.
But I just think that because so much light is on him,
the target's painted on his back. I saw this. I don't know if this is just kind of going to let him ride out his term but i just think that because so much light is on him the target's painted on his back yeah i saw this i don't know if this is just kind of like
congress does this stuff it doesn't even have any kind of momentum to do anything so i was kind of
reluctant to bring it up to do some more research on it but yeah trump how obviously has been been
bullied by trump being called an idiot too slow jerome powell and now you have basically this
investigation going into malfeasance of like, what has he
been doing, what he's not been doing.
So I still think he sticks around.
And I think maybe this gets him to start cutting rates a lot sooner than we've seen before.
So I don't know, man.
I do think, I mean, degenerates in general, liquidity is, I just don't, I don't know, man.
Like if we don't, I don't know.
I just see like, why would anybody, like now we're even having stocks being tokenized in Bitcoin.
A lot of liquidity is going over there.
With the stock market, the S&P 500 at an all-time high, which,
why would anybody that's investing in the stock market come into
crypto when you're getting the kind of returns that you're getting there? So I can ultimately
see the liquidity and all that coming into the space based off the Fed cuts. But typically,
these investors, they want to go into the risk assets when they stop making money in the
traditional markets. And when the S&P 500
is hitting all-time high and Robinhood's breaking $100 and fucking Coinbase and Circle are all
hitting like crazy parabolas, why would you leave that market? And now with these tokenized stocks
coming to crypto, you're starting to see more of the liquidity that's here moving
into stock trading. And so, I mean, I saw this, those, the, on the second full day of trading,
tokenized equities reached over 6 million in daily volume on this Radium protocol. The top
two equities were SPY and Tesla. So you're starting to see even the money that's been trapped here,
just in crypto, starting to move to the stock market. So if we are to see even the money that's been trapped here just in crypto starting
to move to the stock market. So if we are looking for some FUD, the liquidity that has been here is
starting to get sucked into stocks. And it seems like the stock market has actually been the alt
coin season that we've been waiting for. I mean, the stock market's having crazy returns. And until
that hits the top and people stop making crazy gains over in the stock market,
I don't think that liquidity flows into the crypto market anytime soon. So I don't know.
Like when you're talking about risk investments, why would you come to crypto when you're making
a killing in the stock market already? And I was kind of thinking like if institutions are here
this cycle, maybe the Bitcoin of our crypto is actually the stock market.
And once those people start making their money,
maybe the risk curve only goes down to maybe Bitcoin as what we would think was Ethereum.
But for these institutional investors, maybe Bitcoin is the riskiest that they go.
And that's why we see the constant demand into Bitcoin and why our altcoins continue to bleed. So maybe the altcoin cycle was the stock market this cycle.
And man, I don't know.
Well, I mean, it still outperforms anything, right?
That's the biggest issue here is when you look at just raw metrics and numbers,
even if you're getting fed through an algorithm,
I mean, Bitcoin and holding Bitcoin throughout this last,
let's just say since the halving, has outperformed anything else.
I mean, I think there was a brief period where NVIDIA and Tesla kind of took over there when
they had their nice runs. But other than that, just dry holding spot Bitcoin has outperformed
anything. So I don't even think that now it's more so being cynical on spending Bitcoin,
being cynical on spending Bitcoin, right?
Well, buying things, I think it's more so being cynical
about releasing and not having as much Bitcoin
when you know that just holding that
has outperformed anything that you apply your money to, right?
Like you've been better off just rotating straight to Bitcoins
than to sit here and kind of participate
in any other vector of
our ecosystem, right? And so I think that that's kind of the dilemma too. It's not that there's
no products that are worth exploring or worth deploying money to. It's just that marginally
even risk and reward, you can just hold Bitcoin and probably outperform whatever it is that it
may be, even if it's good or bad well since the April lows Bitcoin
is only up 42% while hood is up 134% yes there are other tokens inside of crypto that are up
like hype is up 300% with us up 170% 165 for far coin but bitcoin is at the bottom of this bell curve solana's up 60 ethereum's up 68
yeah but those normies aren't going down that curve that's the thing those normies are stopping
like you said at bitcoin you know but the but the you just said that just putting your money into
bitcoin would have gave you a bigger return i'm showing you hood a coinbase uh nvidia all better
returns than bitcoin this cycle since april so that isn't like normies
i agree but we're talking about these it's able to like that just happened yeah the one the whole
the march or the april crash dude it's tariff since then yeah but if you look at since like
the actual having bitcoin has outperformed all of this on the year to date
NVIDIA was a pretty big earner. Yeah, that's what I said NVIDIA and Tesla were the only ones that had anything comparable this cycle year to date
But other than that riding just straight Bitcoin raw
Has been literally the best performing asset other than those two like kind of unicorns that we had when Tesla went crazy
and did it's like parabolic run.
And then Nvidia when it was doing its whole like the AI conference, right?
Leading into that.
Yeah, I mean, but like if we're talking short term, we're talking about this year.
I mean, now you're competing against traditional stocks for liquidity and liquidity is already dry in crypto.
And now you have the tokenizing of stocks
now you even have more competition instead of me putting my money into bitcoin or solana or xrp
i have an option to now put it into fucking coinbase and all this other stuff so it's
definitely fractionalizing our liquidity even more than it already is and i don't know man
i just don't see like we've been saying we don't see the typical all coin season there's too many tokens but now we're basically seeing stock market uh
just traditional stocks out producing our crypto gains in general there's a lot of competition here
i don't know what actually happens in this market anymore like do we even have a four year cycle i
think that the differentiator of crypto comes into play, right? What we currently have is just a replica of Web2 using Web3 Rails.
When we add Web3, which is DeFi, which is liquidity pools, which is liquid staking tokens, and you go down that route, that's when the marginal gains come in.
Because currently, we're just replicating what you can do in Web2 with Web3 Rails, right?
Everything that you've explained from stocks to basically like securities, precious metals,
right, uranium, all this crazy shit.
You're just adding the ability to track it on the blockchain and trade it 24-7, so to
speak.
But what differentiates crypto and TradFi from like DeFi is the actual
DeFi novelty of liquidity pools of being able to get a liquid staking token, a receipt token,
and then double dip, triple dip. That's how you get your actual margins of growth. That'll be
enticing for these normal people, right? I mean, they're leveling the playing field, so to speak, to a certain extent. But at the reality is that surface level of just being
and buying Bitcoin isn't going to necessarily work, right? Because these guys are catching up.
If you actually want these crazy gains, you're going to have to learn how to do things in crypto,
learn what's crypto native and what makes it different than web 2 right? And that's the the area of expertise where you get to shine
So it is understanding how to work a liquidity pool or how to work defy or deposit and get some yield
I mean, I think that that's when this this era this new era of crypto users gonna ultimately have to be born to right?
Because they're leveling the field bringing stocks and all this stuff on change
Yeah, yeah.
I mean, like I said, there's definitely a learning curve there.
And I don't know.
We'll see how it goes.
This cycle is super weird.
I'm not going to act like I know how it's going to play out.
But I definitely think it's going to be a totally different cycle.
I think we're starting to actually see the end of the four-year cycle.
And we'll see how it goes.
I think the last macro thing I saw was this Bitcoin cashiest bar that this guy bought for $500 in 2012.
He just sold it for $10 million.
So, GGs to that guy.
I think these have been sold.
I think there are coins.
There's bars.
There's a lot of these that go for high prices.
There's actual cashiest coins.
Yeah.
And then that's the one that Trump sold.
Remember, he sold a coin to buy a fucking burger at PubKey?
Like, that's crazy work, bro.
And then there's gold bars.
So it's one full kilo gold bar with a coin imprinted into the bar itself.
And ultimately, these are worth more than whatever.
Clearly, the $10 million, right? These are worth more than whatever clearly the 10 million right
these are worth more than whatever the fuck it's it's like the bitcoin or the money that's on there
the fact that it's brand new and virgin that's where you start getting your crazy crazy premiums
right and these relics 100 so moving a little bit out of the macro do you know what's going on with
this yapio real quick to finish that off just post it up to the top just sec chairman paul atkins saying uh tokenize everything right and he's saying
that the sec is committed to advancing this idea of innovation through tokenization right and i mean
ultimately we're starting to see a push through stable coins and so this is staking okay is staking
not okay so we're probably going to get a lot more
clarity in terms of that right the ability to earn yield through money just sitting there
versus app what what is quote actually like considered applied money and you're working
for it right this is then now going down that more defi central uh specific or unique to web3
uh versions right or protocols that they don't have in Web2.
This is pretty much the last thing that needs to be integrated into Web3 is just tokenized
stocks and securities. I also saw that Ondo is doing that soon, too. So obviously, you know,
Ondo, backed by BlackRock, they're also investigating into how they're going to do their tokenized
securities and RWAs on their chain. So, yep, this is the last thing that needs to come to
crypto until we have a full basic completion of everything you can do in Web3. And this one's
been basically held off based to Wells notices and not being able to trade this stuff on chain.
And now that's finally coming. And it's kind of the last thing that you're going to expect here.
I mean, imagine this weekend is the first holiday we have and there's actually a ability for tokenized stocks
and if decide to run it up over the weekend what happens monday how does the arbitrage get closed
or i mean like once the pools dry up right because it's a set supply of these shares that are
available how often or how quickly does it get refilled and stuff like that, right?
It'll just be an interesting experiment to just see how this plays out when demand actually strikes
You're talking about the app yo thing. I mean, yeah, I didn't really participate in and
People are kind of upset that they got far
In a sense it was a down only chart
I mean, it's law of diminishing returns,
right? We talk about the whole roller coaster thing. Laudio was the first one was the,
wow, this is great. Well, honestly, I think I saw Tig post a chart that was even better. And I think
Kato, right, was kind of the originator of this info fi and basically being able to monetize data and information, right, and
impressions and attention, so to speak. And then you had Lario, which really focused more so on
the attention aspect of it, right? And then you have the chart just kind of continue to go down
with every experience that we've had since then. Yappio went on a pre-sale uh yesterday or the two days ago he got bonded
right um people were able to get basically uh one transaction fired off i think 50 wallets
uh consuming 15 16 percent well 16k worth of initial off uh like offerings right token offerings
of initial off uh like offerings right token offerings uh they haven't said anything whether
they're gonna refund people from the first mint right i mean ultimately it was heavily botted but
there were normal people involved in that too so a little foot on that people are like yo y'all stole
our money give it back this and that um they relaunched ultimately yesterday didn't have the windows kind of set correctly
Didn't have any new anti body in place. It got bought it again instantly
And they launched today. It just got dumped to shit. So
In the sense people are really finding out too when you look at the wording it's uh in collaboration with
arbitrum versus uh like sponsored by arbitrum you know it's just the the wording right and just
kind of being deceived by just marketing jargon and that's kind of what i was telling you guys
too about ethos and and what serpent was talking about is anyone can build on top of the data aggregation, right?
The provider of the data, the aggregator is ethos.
And then you can use ethos in whatever you want.
Doesn't mean that ethos and them are working with you, right?
Same thing kind of in this Arbitrum thing.
It was implied or it was perceived that Arbitrum was directly backing this project.
was perceived that Arbitrum was directly backing this project, but it was just working with
Arbitrum or because of the fact that they had Arbitrum in there, right? And it was just kind
of this mix up, right? And ultimately took advantage of it for marketing purposes. So
token is down only. I mean, hopefully you just hold and wait to see if Arbitrum does some marketing
or something and maybe you get a little pump.
I mean, I don't think there's really a point in selling now.
You're probably not going to get what you put in.
And at this point, you might as well, like I said, just wait.
They might get futted enough to the point of Arbitrum or someone coming in and doing something, you know?
What is just the deal with just the botting?
Everybody, like, talks about how this is bot resistant, and then it just gets botted.
Like, we saw what Pons was talking about grind coin because it's unbottable and then we had a bot and
then obviously miglio this weekend got super botted is there any kind of ways that these
projects can prevent like these snipes from the very first transaction other than like being super
stealth with like the contract like is there a
workaround on this is there's a solution to any of this because it seems like i mean when contracts
are verified not really no right that's the thing about it when a contract actually gets verified
when it's unique uh you can find it and you can more or less start to exploit it the the traditional
way right you get a dev a dev would go and he would write you a contract.
Most of this stuff is open source,
but the dev himself would know what to go,
copy and paste, add, remove, et cetera.
Now with these one-click platforms,
a lot of this stuff is kind of just cookie cutter, right?
It's this, it's that.
Do you want this feature?
Do you not want this feature?
There isn't the uniqueness of a dev hand compiling this.
There isn't the uniqueness of the dev on the background.
A lot of this is just one click, one shot.
The biggest difference now than last cycle is last cycle, there was actively updates every single mint from either the platform or people would find the issue of the code inside the contract itself. And the next Mint would have new anti-bop measures. So you
consistently needed these companies, right? Mintek or whatever it may be, or these alpha groups
to have a dev in-house to go to check, to make changes, to consistently update the module.
dev in house to go to check to make changes to consistently update the module um it hasn't been
as big of an issue as it was last cycle to where i feel like magic eden or openc feel the need to
continuously do that right and i think it will probably take a couple more minutes and just this
overall sentiment to get pretty bad for them to start actually actively anti-botting or
creating anti-bot right and that's what happens in in the web 2 world like for sneakers for walmart
for target for pokemon right these updates that they push these websites when new products drops
is they always do one or two things trying to change or to implement anti-bot to make the
experience better ultimately it has to be worth it for them, right?
I think that now if this problem continues, right,
and the more that we see this use of just automation,
you're going to have to start seeing Magic Eden and OpenSea
take it upon themselves to start trying to implement
new anti-bot measures and stuff like that, right?
That's one of the reasons, too, that most of these bots
are subscription models. anti-bot measures and stuff like that right that's one of the reasons too that most of these bots are
subscription models um and the reason being is that the dev has to actively create new modules
per drop right or used to now a lot of these modules are preset and you can just use the
openc or the mintify or the whatever it may be the platform module because anti-bot isn't actually done
or the whatever it may be the platform module because anti-bot isn't actually done uh as
rigorously as it was before right so it's just a little different i think that when demand starts
to hit or if demand starts to get and people start to really get disgruntled they'll start
to do something about it but yeah i mean this one click shop kind of thing dude really it opened the
door for it but it also closed the door too you know
is there anything like on the infrastructure side they could do like like on the validating
side of this to keep this from happening well no not really because it's just blockchain i mean
technically um what what happens is a lot of this stuff acts as a um think of a cloud right it's either a transaction or a smart contract that's hovering
above whatever you want to interact with right since this is the blockchain since everything's
just open and wide it's just sitting there and it's monitoring it and it's going to trigger
and react to whatever the mint function is right right? The mint function is mint on, mint's true,
whatever it is, right?
Turn it, whatever the terminology is,
it doesn't vary too much.
And so as soon as you turn that on,
the contract then, the cloud above it interacts
based off of that, it's a trigger system.
So just due to the way that smart contracts are written
and the way that just the mint function
is and all of these i mean it's kind of hard to to prevent all these unless you go full custom
full custom then you now need a dev and then that's what i was talking about like if you're
spending money to to prevent the bots you're you'll be able to prevent bots if you're not
really spending money if you don't really care for that shit right now i mean it's open season yeah i'm just like i'm not that technical so that's why i asked because i
was listening to the space for this gorbano chain there whatever that chain that they're building
the fork of solana and they have a single validator and in the space they were like
promoting the fact that the fact that they have a single validator they could prevent like mev
sniping and shit like that and i was like is that the case like is that even oh yeah that just makes it centralized though that means one person
is deciding obviously yeah that's what i'd say like is that a way to prevent it like i know it's
the most centralized way you could fucking do stuff but if you have a single validator could
you stop sniping from happening by just you could stop anything from happening yeah yeah you know
you literally stop anything from happening. Yeah, yeah, you know
Stop anything from happening you remove stuff and say that things didn't happen when they did
So like that's the fear of that too. It's like you you don't want only one point of ref coming You pissed off big brother and then you just don't get deleted
Yeah, yeah, so that's what they were promoting like with all this sniping blah blah blah on the
garbage chain we'll prevent all this sniping because we have a single validator and i'm
thinking how the fuck do you scale with one fucking validator my guy but i'm just like that's
kind of a funny way to promote the chain so um talk about just zeet i mean that came out yesterday
it looks like to be fantasy top but like everybody could play i mean there's not a lot of details
i would imagine grind coin is probably going to be a top but like everybody could play i mean there's not a lot of details
i would imagine grind coin is probably going to be a currency on the marketplace to buy cards
this is just speculation but that kind of information came out yesterday a lot of people
are like oh this is a clone of fantasy top um no one really understands what's going on here but uh
i don't know man see this kind of social fi layer. This is gonna be on abstract. They all suck though. What was the one from?
C to five that one was dog shit the two from C to five sucked DC five
the cipher that was that tanked and then the first one that they did tank to
And then grind coin was down. So I mean, I think that this idea that you can just use this as a marketing scheme or a
Like it's the circus
Right and everybody are your monkeys. I think monkeys are getting tired of performing bro
I think that's the reality of it, right? I mean, this was not necessarily cool, but it was data
It is data, but we're not using it as data anymore, right? We're trying to do this as marketing campaigns and jump through hoops
Yeah, something's up
It's once more king of the jumping through hoops and just being the puppet master
We talked about friend tech, right? It was spelled a little bit differently. This is the second project
from ultra Right ultra was the one that did Laudio. He had the
platform, which is going to be like Mischief of Web3. It's called Blank. So this is the round two,
right? So it's Frentech. They got all the information there. If you're interested,
if you're going to participate in this, go to the Blank.org page and just check out all the information under experiment number two called Frientech.
Oh, great. Awesome.
I thought we did Blank. Is this a third iteration?
No, Blank is like the company name.
Okay.
Blank is the company name. Ah, okay. Blank is the company,
Laudio was Experiment 1,
and Experiment 2
is this, Frentech.
Gotcha. Did you, um,
just, like, kind of switching topics
into more of the ordinal space,
this BRC 2.0
meta that's happening, like,
the Flappy Birds fucking thing was basically
promoted as the first
brc20 and then we had those fucking adderall cats yesterday that is basically pre saying they pre
uh minted this and they're gonna be the first like what the fuck is going on like what isn't
first is first like is which one's first i don't dude. Well, it's not live yet. It goes live on the 17th.
Yeah, so is it the first one that mints on the chain, or is it the first one that pre-mints?
I mean, they've been doing that since pre-runes, bro.
So the reality is that'll always be an argument.
I mean, Adderall's was done by Tom Riddle.
Pretty decent, I guess, a 2X, right right they minted for about 14 to about 20 bucks with
taxes we're sitting at roughly about uh 40 to 45 but yeah i mean that's that's gonna be the battle
of all time right i mean the birds have been around for a while they've been marketing for
a couple weeks now pretty sure that they could have just minted and said fuck it let's
go uh we're we're first to the first but in reality it would be once this goes live whoever
can get in that first block right or pays the fee to the miners and you know it's just the proof of
work aspect like hey i was here day one i have have a better node or I executed the code better than you paid a higher fee.
And I'm first.
So that's how it should technically be for provenance purposes.
But we'll see how it plays out.
But, yeah, the Adderall is kind of cool, right?
Cracked out little squirrels.
I mean, it is what it is.
Supposedly that there's a couple more experiments that are going to go into it in terms of just potential mining and just stuff like that more btc-esque uh and utilizing brc 2.0's kind of a smart contract program
programmability so we'll see how that plays out right i mean most ordinals that have utility
uh kind of just get shit on because of the utility then everybody wants to gauge the utility when the reality is 90
of them um are just jpegs right and everyone's cool with just that so i'm not shitting on the
utility aspect of it but you set yourself up to get shit on because a lot of people don't want
utility when it comes down to ordinal side yeah like what could you actually offer utility wise
that someone can't find more convenient on another chain so it's not like you're gonna break the fucking internet by
offering like staking or some fucking burn contract on your nft dudes like yeah that's
that's the main thing that's how i always saw it right it's like anytime you start getting into
this muddied conversational utility it's like i mean let's be honest i can get that probably at a different or a higher yield
or margin on a different chain right and it's that oh well you can use a hammer for a nail or you can
use a hammer for a screw right i mean it's gonna both get in there but one of them gets it done
easier right and it's the correct tool for the job the other one i mean yeah it'll work but there's
literally easier tools for the job that do it with better yeah it'll work but there's literally easier tools for the
job that do it with better class poise and you know get you better results so uh i'm gonna post
this up top right now because this will start and it goes live i think within the next uh 20 to 30
minutes no sorry the next hour and 30 minutes uh the nameless mint right uh guaranteed phase is currently going on right now
and then you'll have the first come first serve phase uh just pulled some numbers uh two and a
half 2.5 k wallets for guaranteed phase and then uh 22 000 wallets for the first come first serve phase two.
So GG's...
How many per wallet for phase two?
Is it two per wallet?
Yes.
So pretty much it's going to sell out on GDT because it's...
No, no, no.
GDT has been going slower and guaranteed is one.
And then first come first serve is two.
So yes.
But first come first serve is beyond like cooked
22k yeah and then i think so fun um not so fun but uh this is interesting right i mean you can
ultimately pay with relay or they're using some type of relay system on mintify so you're not
forced to go buy so funny which i think is ultimately kind of a miss for the chain. If this is going to be their blue chip project, if this is that, right?
I mean, ultimately, any kind of attention, getting people used to using the bridge, just
utilizing the chain itself for the Mint, I think it should be the end goal.
But I mean, hats off to Mintify for allowing you to be able to pay on any kind of,
or utilizing any kind of ETH, right?
Arbitrum, Sofon, Mainnet, or whatever it may be.
Is there a marketplace for Sofon in a tease?
Like, is it just going to be purchasable secondary on Mintify?
I think so.
Wow.
For now.
That's not great.
For now.
Yeah, there isn't like that billboard of like,
that's why a lot of these like mega ETH do it on ETH
because there is no marketplace, obviously on Testnet.
But it's like, if you want a lot of liquidity
to flow into your project,
you need to have it on OpenSea or Magic Eden.
And so the fact that there is no SoFan marketplace yet
for the trade NFTs kind of like bottlenecks
the exposure that you can get for
the project because like does anybody even know it's on mintify does anybody use mintify i don't
know so it's definitely interesting uh to kind of see how this one develops and they've been holding
back their mint there's just not a lot of confidence there's like that snoozy's nft that's going on so
fun right now that gives you like pay 0.025 for a soulbound token and they'll airdrop it.
Like they had GDT yesterday and they only had 180 out of the 4,000 sold.
So I don't know.
It's not showing a lot of confidence for me.
There's not a lot of infrastructure built to kind of get this to go mainstream and get these kind of these crazy returns.
I mean, the Meglio was on ETH.
It was basically the Meg ETH one on Saturday.
We had everybody concentrating on that. We had that botted from all hell. It was two seconds
on every phase to get it. And that was right off secondary as soon as it missed it at 0.07,
0.08, and it went up to 0.17. So it basically only went up on secondary, if you got on secondary,
0.1 E with everybody focusing on it on a Saturday. So like, what are going to be the returns on
something on SoFan when it has not as much visibility, not as much hype, not the marketplaces
to buy this? Like, what's the return? Like, is this only going to be returned for actually the
mentors? And then you have pretty much first come first serve on this at 25 22k
wallets so if you're not minting you're probably not going to make a profit and this is probably
going to be dumped all hell so i don't know man i'm not getting a lot of good vibes off this
nameless one um i think the remiliac's maker one it's a smaller supply it's 2k um that one kind of
seems like a smaller enough supply to have like a supply crunch the fact that
it's a m'lady derivative like it it's always worked so i think that one on friday is the one
i'm more bullish on than the nameless one that one dropped all the information too i posted it up top
all details live on mintify um two phases first come first serve and then public so ggs price 0.0175 so relatively cheap
one mint per wallet on the first come first serve phase one and then up to five per wallet on phase
two so that's what's happening this weekend is the sofa and mint so to me big for just that
ecosystem in general and obviously these are backed by the sofa and foundation so maybe there
is some extra liquidity sitting in the foundation's wallet to sweep these to make sure that these don't
go to fucking zero so that that's always the bet that's always the risk and that's not a good risk
that you're willing to take the bet on foundation sweeping fucking collections um you see Udi's basically dropping fucking telegram stickers today too so they bought
a Pepe with your mint funds and he has his banner filled with like seven wizard hats so
Rose going into telegram uh along with everybody else it's kind of the new hot thing you drop
stickers you can extract from your community once again make a few hundred thousand dollars so there you go the community
that is left for taproot wizards you guys can um your founders spending the money on uh plush pepes
on telegram i mean these these plush Pepe's are fucking expensive.
He's dropping stickers?
I mean, he bought...
I mean, what's the first thing that they do, Chief?
They load their banner up with the plush Pepe, which is $14,000.
And then they put the fucking hats on there.
And then they extract.
Once they got the momentum and they get your attention then they drop a sticker pack
No, I don't think he's dropping that bro. Okay, bro when it drops tomorrow
You're like I told you this motherfucker's
I'd probably even take a bet. He ain't taking no more money, bro. Not right now. He's getting
Funted from every which direction for all the money he's already taken in if he announces another mint
I don't think any more new wallets
can be created to sweep that floor bro it goes under mint every week and then a new wallet comes
and sweeps it so i think uh that's the nail in the coffin if he announces another mint
you're so you're gonna go on the timeline and and when he does this you're gonna fund him right
i'm just yeah i don't even care to join the telegram bro talking about let's
fucking go i don't even care to join the telegram um posted up top uh for anyone that cares for
actually art on bitcoin or just art in general uh we've always collected some of these pieces
from bourbon community has been able to participate in most of these mints. You can get a custom whatever you want made out of clay.
He has these clay eggs that exist.
You can buy one on secondary if you want.
I think they're about $100 or almost $200.
And you can redeem the egg itself for any creature,
anything that you'd like, handmade by clay,
and then made into an ordinal itself.
So I thought that that was pretty interesting and cool
kind of just covering the bitcoin side of things and then uh last or next on that side too um we
had oh where is it oh the what are these called abstractios by bunya i don't know if you saw that, but he got a partnership with OpenSea directly.
And just side note, if you're an artist out there, I mean, keep tagging MFers, keep creating,
right? He was just like, yo, I hope an intern likes my shit. And sure enough, OpenSea liked it,
changed her profile, did the whole nine, right? And homie's getting
seen and having his drop showcased. So pinned up top, all the information for that drop itself.
It is on abstract. It's on the 10th of July. You can buy a pass for a guaranteed mint currently
on secondary. It's 0.03. And then there will be a first come first serve and then a public
uh 3333 collection and then cost is roughly 33 dollars slash 0.0139 eath or 134 eath
all the honoraries are there right if you want to check out it's just pretty good pixel art in my
opinion we've been kind of following this for a while he's been slowly kind of curating these All the honoraries are there, right? If you want to check out, it's just pretty good pixel art, in my opinion.
We've been kind of following this for a while.
He's been slowly kind of curating these characters and just making art in general, right?
Like I said, just in that whole notice me aspect, OpenSea caught wind.
And sure enough, once he had his chance, he hit the homer.
So shout out to the homie.
Dude, those NFTs that you got from the OpenSe c nft nyc thing they got you legendary boxings on
open c yesterday i think it was like 500 xp a piece and i think those things are like 0.14
or some i think those are the ones but yeah if you guys got one of those you got like
The first legendary box on OpenSea yesterday, dude.
the first legendary box on open c yesterday dude which ggs anybody that went there that's a
Which GG is to anybody that went there.
That's a...
At the abstract event?
Yeah.
Let me see if I can find the post.
My phone is hot.
Yeah, it's the OpenSea legendary shipments just dropped for sales upholders and event attendees.
Sales up got 500 XP and event got 1,415 XP.
So, damn. So, if you went to the event, you got hooked up,
and I guess we'll do the calculations of how much the XP is worth whenever it launches. So,
maybe that 1,400 XP and the token air drop could have paid for your whole trip by just going to one event. that's typically how it works like you go to one
event and it pays for the whole trip like a few months later when the airdrop happens so gg's the
people that went to the event probably gonna be hooked up with some extra amount of coins
and a nice little kick start if you haven't actually done the xp journey like i think
i've done it every day for the past month i think i have like 2800 xp so if you have not started
you went to the event you're already halfway beating me and i've been fucking farming for fucking a month and a half so ggs to all y'all
that's dope um i also got x payments there's updates on that um and we're talking about the
x card that's coming out apparently this guy go run through the code all the time the x money card
will give you one percent cash back with use.
Maybe you can convert that cash back into Bitcoin or Dogecoin or something like that. But
the fact that they're getting to the code where there's cash back already in the code
makes me feel like the card should be coming out relatively soon. I mean,
typically when you're getting that far down the code of talking about cash back rewards,
it's kind of like the final part of the like the
programming of the card so i think this is coming right around the corner i would hope maybe sometime
in q3 after the summer's over maybe september october you start seeing these rolled out
and you'll be able to get your x card and x payments and all the other stuff i saw this
morning that they actually updated like a lot of the terms and agreements i got a little indicator
in my
timeline showing me like there's updated to like revenue sharing and all that kind of other stuff
so i think they are positioning themselves to drop this relatively soon so check that out and
akita beer which just came on to solana is now the head of product for x2 so some people are
speculating that solana on top of polygon is going to get integrated into
into x which would be nuts dude did you see that that he's part like he has a picture with him and
elon basically thumbsing up each other and he's basically another person just shooting his shot
being hungry i don't know if you saw that but he he made a post i think four or five years ago
it was like yo elon hire me for twitter i create consumer products you know i've been working on
solana for you know this this is this this and then sure enough four or five years later bro
uh he just got hired to do exactly that so yeah he says ladies and gentlemen i'm officially posted
was the top i'm joining X as the head of product.
X is the most important social network in the world and where internet culture organizations
and where the world most influenced people can be.
Finding my community and building an audience, blah, blah, blah, blah.
I've already spent every white waking hour on this app.
And now I'm spending the time helping others unlock that at the same value.
So some people are, you know, the fact this guy also works for Solana,
maybe when X kind of converts into whatever they're trying to build with
Polymarket and all this other stuff,
maybe there will be some Solana integrations.
He left Sol.
Did he?
It's still in his bio, I think.
Yeah, he had left Sol for soul. Did he? It's still in his bio, I think. Yeah, he had left soul for this.
Did he?
Yeah.
Finishing up a couple of things.
So we got it.
He's still in his bio.
okay.
Impossible cloud network has an airdrop available to a good group of like
communities and protocols.
Right.
So mad ladsads dead king society salona monkey business clay knows bases azuki's the whole list is up there right from eth soul to even
bitcoin and barra right steady teddies are there you got yappy bears from kaido uh you got wizards of ward on the bitcoin side of things
omb tap roots go join their discord go submit your wallet so you can claim some free tokens
i mean i've been getting emails about this for last week right and it's just kind of cool that
you'll be able to get a couple shekels from just participating in that right or holding
some of these collections
But didn't the infinex infinex founder changes picture to a steady teddy. Yeah, he did
Is it infinex done their airdrop yet?
Yeah, they've done one of them. They've done the infinex yap run
Which is something like that, you know, ultimately had to do with Kato, etc. Like that I mean, I think that they have more tokens that they can airdrop but yeah they've already did the initial kind of blessing people up and they also
have the infinex patreons and just stuff like that so they have kind of their own rewards spin
um a couple things uh so first and foremost virtuals is having some changes coming up right
i don't know for that many people that are involved in virtuals but they have the addition of a new category called the butler category they have
the i think it's called v virtuals category that popped up and then there's a couple new agents on
the horizon so i'm going to post up a thread up top for you guys to check out if you're interested
granted the best way to earn virtual is tokens and virgin tokens,
right? So virgin tokens are needed in order to bid. They get you a seat at the table and then
that basically seat tells you how much you're able to throw down on this pre-sale, right?
You earn just a bigger seat or a bigger position, more of these virgin points through various social
FI activities, right? Through staking, you earn an X amount for staking directly the virtuals
token on their platform. You earn staking Vader, which is one of their Genesis agents. So there's
a couple threads out there if you're interested inside the Vader, inside the virtuals ecosystem,
threads out there if you're interested inside the vader uh inside the virtual's ecosystem
check it out it's worth at least exploring right but it is a whole ecosystem it's not something
that you probably do passively it will consume a little bit some of your social posts and on your
timeline if you're trying to actually take advantage of it right just staking doesn't get
you anything worth your return uh so don't go halfway either go in and stake and talk
about it and do the whole virtuals i i guess you'd call it flywheel or don't necessarily bother at
all but oni force bro is dropping one of the most talked about agents uh it's called eva and it's
kind of taken storm as well it has its own leaderboard and everything like that but yeah
it's star lordy and the only force team uh in like collaboration with a couple other devs
and they're launching directly on virtuals as well so that's the only one that i'm on the on
the lookout for it coming up in the next couple days it looks like they also updated their version
contribution program like yapping for points is no longer limited to X.
You can do it through TikTok, YouTube, Instagram, Billy Billy, Reddit.
You can do podcasts, hosting IRL gatherings.
You can earn these version points by just not yapping on X anymore.
So virtual protocols trying to expand its reach.
And you saw Kato is basically expanding
the TikTok and doing that also. So I think this is not just going to be limited to X in the future.
I think that you'll be able to gain these yaps or whatever these points from these launch pads
on other social media platforms in the future. So definitely interesting starting to see these
protocols understand that this is a bubble and this is an echo chamber. If we really want new people to come into the ecosystem, we maybe need to expand to
these other social media platforms where there's new people. So I don't know if that actually works.
To be honest, like I post on TikTok, I post on Instagram, and there isn't a lot of people that
are interested in crypto. So I just don't think it's just the fact that no one here on X is giving
you engagement. I just don't think that crypto is that sexy for retail right now to actually even participate.
And I think they have a lot more questions than just responding to your post.
I think there needs to be more of like people out there answering questions for these people
because I feel like they're intimidated to come in this space because it's so advanced.
It's like walking in, never played Fortnite, and you go into Fortnite and you're just getting
molested by all the sweaty players.
That's how crypto is now.
It's so advanced that these people are intimidated to come in here.
And just posting on different social media platforms, I don't think it's going to attract them.
I think it involves actually sitting down with people and answering basic questions, which no one's going to do.
So, yeah.
I mean, I just see a lot of TikToks.
Like MegaEath has their own TikTok.
Raribles just created their own TikTok. There's a lot of tiktoks like mega eth has their own tiktok rareables
just created their own tiktok there's a lot of tiktoks coming up and i just don't think creating
the tiktok account is going to attract new users i think there's a lot more that goes into it to
get these people into the space than just creating different content on different platforms in my
opinion but that's just me you got anything else chief yeah just a couple of projects that's just me you got anything else chief projects that i just put on people's radar
uh you guys saw one that's getting steam it's called parry's it's a free mint on ape chain
you guys can go check that out uh there's one that's going to be coming to abstract
it's called uh retro boys um i'll post that up to the top.
And we can even do a couple Retro Boys spots.
It's a free minute on Abstract as well.
Gives me Walt's
Volt PTSD, bro.
I'm not going to lie to you, but a lot of y'all
don't even know what the fuck I'm talking about.
Hope you guys have fun and get
rubber-hosed. It was definitely fun the first
time. But yeah, Retro
Boys, at least it's free.
It's on Abstract.
And we can do a couple spots to the listeners, right?
Do the same.
Like, retweet the show.
Show some love to Allison's post.
And then tomorrow, when the show starts, we'll pick some of the winners from, you know, the engagement that we get on today's show and the thread recap right so
we can do what three spots so yeah just wanted to put these on you guys's radar as they're kind
of catching steam um looks like decent engagement right uh the parries look kind of cool i'm not a
fan of where the fuck the blunt and the cigarettes are on the platypus mouth like that looks super
weird to me i think it should be on the i don't know bro it just looks really weird uh but other
than that hey i bet you these look really good at 20 bucks or at 30 bucks especially because
they're free so i'm not gonna be picky if uh it's nfg and kind of jpeg season then all these free
mints are one to participate in right and that's basically it man
i had just one more kind of follow-up on something i talked about a few weeks ago i actually did a
write-up on this probably like three weeks ago inside the discord it's that prisma x protocol
and they are basically backed by they had 11 million dollar raise backed by um a16z bolt capital bb fund uh stanford
university and virtuals protocol there is a uh also a kind of a ethereum foundation support with
this on this something it's called frontier tower which is in san francisco they basically took over
the 10th floor and there's a bunch of ai builders and people building on Ethereum that are on this floor.
And Ethereum Foundation basically wrote a big thread on how they're supporting them also.
But they kind of gave you a hint of what these points on their dashboard actually are.
And they said, a sneak peek of San Francisco deep tech week, the Pr tele-op arcade soon you'll control a robot arm from the prisma gateway
and earn points by playing uh playing tele-op games competing tasks and more stay tuned more
to be bullied or more to be revealed and um if you go onto their dashboard um ultimately if you
sign up with your wallet you get like one uh000 points. And then they have two tiers that you could pay.
One's $99, which is like affiliate program.
And you basically get 3x multiplier of the points if you just sign into their dashboard every day.
So I've accumulated over like 1,400 points since I bought that.
There's also another more advanced one that's $1,000. it's a thousand dollars but these points in the future are going to be given away to people that
train these arm robot these robots into doing meticulous activities like picking up items
like holding things doing stuff that's more agile um i know you guys saw the china robot soccer game
like these guys aren't programmed to be elegant and a lot of it has to do is actually training
these robots to actually do these tasks and it looks like this prisma x is going to be elegant. And a lot of it has to do is actually training these robots to actually do these tasks.
And it looks like this Prisma X is going to be just that.
You're gonna use their gateway or their arcade systems
to actually control these robots,
to give them data how to do meticulous tasks.
And the fact that this is backed by virtuals
and A16Z and Stanford University,
these points are gonna be used as an airdrop.
And so I've already been gaining 30 points a day.
And I think this is going to be something kind of new and interesting.
And the fact that you have some big backers on it,
I do think this will be like a cooker airdrop if you do get involved now.
So that is something that's off the beaten path that no one's talking about.
Prisma X, super interesting.
$99, just sign into the wallet as, and you get 3X multiplier your points.
But once the airdrop campaign actually starts and the dashboard starts,
you basically train robots and gain points,
and then those points will be distributed into a token in the future.
So that's kind of the last thing I had for you guys.
Check out Prisma X.
We appreciate you guys going and tuning in to the Daily Alpha.
We host a space Tuesday through Saturday from 11 to 12.
I'll leave you here for Chief to end it.
You guys have a great day.
I'll see you in the Foundry.
I appreciate everybody for coming out.
Appreciate everybody for liking, retweeting, contributing how they do.
It means a lot to us.
It's how we grow and scale the TDA.
Also get new opportunities for our community.
At the end of the show, there will be a thread that goes out it covers everything that we talked about use it
as a resource when you're doing your own research later in the future any likes
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