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THE DAILY ALPHA ♻️
Recorded: Aug. 5, 2025 Duration: 1:15:48Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored significant developments in the blockchain space, including Magic Eden's new validator partnership, a Peter Thiel-backed exchange's IPO plans, and the potential for Bitcoin adoption in Indonesia. The conversation highlighted growth trends in DeFi and NFTs, emphasizing the evolving landscape and opportunities for investors.
Full Transcription
Thank you. you yo welcome back welcome back welcome back happy welcome back, welcome back.
Happy Tuesday, happy Tuesday.
It's August 5th, I think.
Big day.
Appreciate you guys stopping by.
It's the first show of the week.
We got four shows lined up for you this week.
We're going to go till Friday.
Be here from 11 to 12.
Maybe go a little bit over, depending on the conversation. Any support, it's greatly appreciated. So likes, reposts, bookmarks,
commenting on the space, tagging me or chief in the comments so we can break up your comments while we're doing the show. Be more interactive. Talk to us. If you don't want to come on stage,
we appreciate any kind of engagement as possible. But getting a little dumpski on the Bitcoin price
after kind of pumping yesterday on Monday.
And so we're back down to 1,12, 700.
And kind of back into maybe this range of,
got to hold support at about 112, about 1112.
And then we're going, there seems to be resistance around 1500.
And if we could hold above 1600, that would be bullish.
But kind of just looking at just how the market's responding, kind of seems like we do want to go a bit lower.
With especially when you're looking at the federal uh rate cuts is that like
a 95 chance of there's a rate cut in september i feel like this is the opportunity um for whales
and other bigger entities to shake out retail in this next month and a half because they know we're
going to go a lot higher after we get the first rate cut in September. And some people are even suggesting that we actually might not get a 0.25,
which would be just the minimum.
We actually might get a 0.5 basis cut
because inflation is rising on top of jobs have been revised
and the economy is looking a lot worse.
So we might actually get two FOMC meetings in one,
which would just kind of be out of character
and could add this fuel into this altcoin season at the end of the year.
There's three more meetings.
We got one in September, one in October, and one in December.
If we can get two or three rate cuts in these next three meetings,
I think that's going to kind of be what we're expecting in this
all coin season kind of the fuel delete to the end of the cycle which is probably november at
the end of the year so definitely looks like it's a pretty good chance of getting our first
rate cut into september it's coming down if it's gonna be a 0.25 or a 0.5 if it's a 0.5
it's almost at like 90 right or 80 or some shit like 98 i thought i saw today yeah
that's what i think i saw yesterday was at like 93 and i saw it's been slowly climbing so
more or less it's but that's the thing too it's i feel like it's going to be one of those sell
the rumor kind of things you know uh i hope not because we haven't really had one this year
and so i i think i feel like it'll be like people are gonna start doing like we're
gonna see the move before it actually happens is all that's what i'm thinking yeah yeah i'm
selling a rumor but like that yeah like people are gonna start trying to front run and start
making the move so it's like the week of or the day of we're not gonna get that god candle you
know yeah i mean i could see like this you know aug, August, you know, people are going to take their vacations.
They're going to come back after Labor Day.
Kids are in school.
Get back to the desk.
People are going to probably start front running it into September 15 FOMC meeting.
It will be a dip.
We get dips after some of these.
And that will be kind of like a bear trap.
And then we'll kind of catapult into October and November.
So I do think we're due for a bigger correction.
But it doesn't mean that there's corrections, 20%, 30% corrections during bear market or bull markets that shake retail out.
And people will be calling it's over.
And then we go a lot higher.
And I'm thinking one of these FOMC meetings, if we get two, maybe it's a December one,
is going to be ultimately the top.
People are going to be looking at it.
We're getting one in December.
We're going to go into a Santa Rally, and then that will be the end.
So one of these is going to be a buy the rumor, sell the news,
and be the tippity, tippity, tippity top of this bull market. So got to be on your toes.
We're almost done with this year, which is actually kind of fucking crazy if you think about it.
We're in August of 2025, and this is the last stage of the four-year cycle.
The year after the halving, the last three or four months of the year, this is where all the gains actually happen.
So got to stay on your toes.
Got to stick around.
Red days, green days.
Today's a red day.
But on that note, too, it's like, bro, we've made more money and all the bulls. So it's like don't be discouraged
There goes I was like don't be discouraged that the quote-unquote bull that's just easy money mode is gone
But then it's a different type of easy, right? You then have access to founders that every project wants to
Actually give you to try something out or an allocation
Things become profitable again in a different way because less people are around right?
So kind of just be expecting the return from summer people right as we go into these
Let's just say last hundred days as people are getting off vacation shit get the max out of that
And then it's not like it's over
It's just super easy mode mint and flip and
instant like five six hundred bucks is probably not going to be as frequent right it starts to
dwindle a little bit yeah i mean i think it's already been i don't think it's been easy mode
there's been a few times where it's been easy but with like the same people in this space um
i think it's been hard mode this cycle has been a lot harder than previous cycle there hasn't been
an influx of new people dumb people that don don't understand. And maybe that's the next level.
I think that Kato and all this stuff opened a different type of easy, right? You weren't
necessarily needing to be an on-chain participant anymore. You could, yeah, you could copyright,
you could ghostwrite, you could AI write, right? You could, in a sense, just be reply guy
and still found a way to make some money
regardless of how big of your following or platform.
So I say not easy mode as in general,
but depending on which of these metas
you chose to kind of capitalize on,
especially when it comes down to,
I guess, being a participant.
If you didn't have any capital,
you could have literally leveraged your account
with a couple of thousand followers or whatever and made some bread one last cycle that would
have been impossible yeah i mean i would just imagine how the people that were here in 2017
2018 when we came in 21 how easy that was and the longer the longer it takes for retail to actually
get here uh the more the more bigger of a learning curve that they have to
basically you know get into and and actually figure out the space and maybe the when we get
the rate cuts next year and then that kind of leads into the bottom of the bear market then we
go up into 27 28 with lower rates and maybe credit card prices and credit card premiums going down, mortgage rates going down,
maybe that leads to more retail coming in. And if they haven't been here for eight years,
that's a steep learning curve. Even with AI at your disposal, that's going to be easy money for
us, bro. Yeah. People are scared, right? When you talk about this retail coming in, I mean,
my wife is out here talking about, did you see they're raising the prices on toilet paper you know because procter and gamble
or procter and whatever the png company right it's one of the biggest primaries of toiletries
and stuff like that right and that's the talk of the town at her job right and just in kind of this
normie sense of uh they don't really see the relief from tariffs.
They don't see the benefit from it. Right. And then you have just headlines associating one plus one.
Right. It doesn't necessarily equal to right in their sense, but it's that correlation is causation kind of thing.
Right. And so you're getting a lot of those mixed narratives going on at the same time.
I mean, because we really haven't seen the full impact of this kind of supply squeeze tariff stuff not yet right we're about to as we start going
into this quarter i guess middle of quarter three into quarter four that's when any kind of surplus
of supplies that any of these stores had right are now going to have to restock and reload and
now when prices are going to start to go up Which also lines up with all these trade deals finalizing as well
I think that that's something we also got to consider is just
uh, the spending in the actual available spending right now for
um normies
I saw like that buy now pay later. I think clarna, right? I think almost 20 percent
Of all americans have by now paid later for a meal at a as of this
like last month which is fucking insane to me bro for you just i mean i get putting a meal on a
credit card to farm points but to sit here and like yo can i get this in four even payments
that's fucking wild so that is and they're not even paying it back and so that kind of leads
it kind of like a lot of these bills have been passed
in probably the past month, right?
Where you're gonna start seeing merchants
and other things starting to,
you're gonna see people moving to America,
the launch businesses,
you're gonna see the ground level starting to be developed.
And it's gonna take a few years
to get this infrastructure inside these companies.
And then that'll start rolling out in the next year or two.
And that kind of lines up with the next bull cycle. And so with rate cuts on top of retail
having more money, you're going to start seeing these bills come to fruition. And actually this
crypto takeover probably happened in the next two or three years, which will lead to a bigger
and easier user experience for the new retail. And then I think the 2028 cycle is going to be like what we saw in 2021.
And it's going to take a while, right?
It's going to take another two, three years,
but this is the institutional cycle.
There's no one here.
We're trading against ourselves
if you're looking in the trenches.
So it's just like,
when we're going to get that easy mode again,
it's probably going to have to happen
in the next cycle, which is demoralizing.
But that's kind of how the economy is shaping up.
We had just a few, in case you
missed it, White House eyes to find for banks for debaking crypto and conservatives. We have
$10 billion in crypto capital gone in the past five days. Risk off is real. We have S&P 500,
Shiller cap is now the second highest ever, only behind the dot-com bubble.
Dow Jones is flirting with a real triple top.
Never heard of that.
We have South Korea.
Greenlight's tokenized finance.
We have the CFTC opens public comment on spot crypto contracts due August 18th.
And we have Figure Tech files a draft for an IPO.
And Verb Tech, which is the ton one, raises $558 million to launch its first
ton-focused public firm, which this is going to be available in Wall Street. One thing that I was
talking about last week is a lot of these stocks that when they add a certain crypto to their
treasury is like a proxy for Wall Street to get in. The United States doesn't have access to ton.
There's a big secondary market of people that like, oh, I don't have exposure to it.
I can't buy it.
We'll use this Wall Street stock to basically get exposure to the ton ecosystem.
And that is basically, I think, going live relatively soon.
So just some stuff to look at.
We have Indonesia's vice president considers adopting Bitcoin as a natural reserve asset.
Vice president considers adopting Bitcoin as a natural reserve asset.
And then Peter Thiel, backed crypto exchange bullish,
filed for a US IPO aiming to raise up to $629 million at a valuation of $4.23 billion.
So that's a little bit of what's going on.
We had GameSquare, which was one of those people that bought NFTs, put on their treasury.
They're basically doing an additional 2,700 of Ethereum
for 10 million to increase their treasury holdings up to 15,000.
And then Phantom has been acquired by SoulSniper.
So it's becoming more than Wallet.
It aims to build the leading consumer finance platform
on all crypto infra.
So some big news out there, man.
There is some big news out there. It's a lot of infrastructural news but what do you think this what do you think soul sniper
integrated with phantom is that going to be more of like perpetual trading platform or how do you
think that's gonna galvanize or how that how do you think that's gonna look chief
i mean are people still utilizing yeah i saw it but are people still utilizing soul sniper that
way or just i mean as often i don't think so i don't think anybody uses soul sniper anymore
that's why i'm kind of curious of how this is going to be integrated into phantom yeah was this
more so like a kind of like an exit not not to say like an exit like an exit like yo i'm out of the space kind of thing but more so
like hey we have a set feature set a suite of tools or suite of um i guess things that we can
offer right if we integrate it directly into the wallet we can kind of work together or in a sense
backdoor off of each other to provide a better xyz right so i think that it could be one of those
kind of situations to where it's just them working together so that it could be one of those kind of situations
to where it's just them working together so that's just kind of how my view of it is right i don't
think it's necessarily gonna really move the needle for either either side right but it's yeah
i was looking at revenue generated and phantom is that like 20 million uh dollars of revenue i think in the past month and
then axiom is at the top at 60 million and the only difference between axiom and phantom is kind
of the trenching that you can do on axiom right like the wallet trackers the um being able to
snipe you know bundles and all that other stuff that's the only because now that you know phantom has the hyper liquid rails just like axiom for phantom to compete with axiom i think maybe acquiring soul sniper there
might be some web app or being able to snipe and actually get in the trenches through the wallet
and then that would kind of get them up there you know into the 60 million to 70 million dollar
uh revenue well i also think that like what Miyagi,
I was talking to Miyagi this morning about,
and he was just saying like, he still chooses,
even though these new ones are popping up, right?
Like Padre or just these older ones.
Maxim still has that leaderboard kind of element to it, right?
And just the token that's supposed to come.
And that's still holding kind of people's attention or, hey, I've used this so long that I got a decent placement on the leaderboard.
Like, why would I just give that up? Right.
So I think that that's also one of the driving factors for this mindshare element that's there.
Right. Is that people still feel like or remember, hey, this is to come. And they've kind of been, I would say, played with for the longest time with the whole fucking Phantom one, right?
Phantom has teased airdrop for, what, going on two years?
So it's like you really don't know, and you really don't know on the other side either, but you're kind of that in-between, right?
So I don't know, man.
I think at the end of the day, you just use which one that you would naturally use.
And just the incentive is a bonus right on top.
So if you've already been on the Axiom leaderboard, if you're already placed, I mean, why not?
Yeah. Yeah. So I pinned it up top.
It was just going more over the hyper liquid is the number one revenue and 24 hours, seven day and 30 day with over.
and 24 hours, seven day, and 30 day,
with over $87 million in revenue in the past 30 days,
you have Tron at 59, and then Axiom's at $52 million.
It's actually nuts.
The fact that it's competing with Hyperliquid has no token,
possibly an airdrop.
If Axiom does drop a token,
and it's competing with Tron and Hyperliquid,
that could be easily
one of the biggest airdrops uh probably in crypto history i'm not saying crypto maybe trench history
this might be bigger than pump fun it's generally it's it's up there with pancake swap and you see
phantom down there at the bottom at number eight at 20 million so it's like how does phantom compete
with axiom is that they integrate all these trench bot and these trench warfare into their wallet.
And then now when retail comes here, they're not going to know what Axiom is.
They're going to use Phantom.
And maybe that's how they get their fees up there and their revenue.
And then they can use that revenue just like everybody else do to buy the token and burn it and kind of create that flywheel.
and burn it and kind of create that flywheel so it's kind of crazy that axiom is competing with
hyper liquid for revenue generating the past 30 days it's just the power of the trenches right
like i don't think a lot of people even realize that i think everybody uses axiom but they don't
understand how much revenue they actually generate it's actually nuts what up miyagi what up brother
how we doing gmgm yeah no i wanted to mention like i put uh
because i was using like i was i was using photon but then like you know airdrop like we don't even
know and i'm like you know let me see because like it's been a while and i feel like there's
been some new platforms so i put padre and axiom side by side and uh on the one second charts uh
axiom is faster as well as i did did research, like, Padre already has its token.
And if anything, you buy the token and you get, like, reduced fees by holding the token.
But obviously, there's, you know, impermanent loss.
You know, if the token value goes down, then you're not really saving anything.
So I thought that that was pretty cool that Axiom has, like, you know, the leaderboard and everything.
And it's pretty fast.
But, yeah, I just wanted to mention that. Axiom has like, you know, the leaderboard and everything and it's pretty fast. Um, but yeah, I just wanted to mention that it's pretty good.
Actually, it was pretty fire.
I highly recommend you use it.
They even give you like soul rewards too.
Like you can go in there and claim soul.
There's a points program.
There's a referral program.
So if they did ever launch a token, I don't think a lot of like, let's say like whales, people in the know would even know that axiom was a thing
and similar to how we didn't know what hyperliquid was the thing at the time because like it's like
the complete opposite uh kind of formula when we were going through the whole airdrop meta right
and it was at the very end i heard about hyperliquid i was like dude we've been burned
by these airdrops i haven't done shit i'm not gonna bring up hyperliquid. And I was like, dude, we've been burned by these airdrops. I haven't done shit.
I'm not going to bring up hyperliquid.
And I didn't even do research.
And then it turned out to be one of the best trading platforms and our perps trading platforms in the space.
And now everybody talks about it.
I think it's the complete opposite here where all the DGENs know what Axiom is.
It's generating just as much revenue as hyperliquid.
And it's going to be something where this could be like a, something that the trenches understand,
but the whales don't understand.
Right.
So it's kind of amazing.
I think the more people who like use it,
they see that you could do more with it.
Like you could do like,
you could have like your Twitter feed on your axiom.
You could perpetual future trade.
So if you wanted to leverage trade stuff,
you could do that all in
axiom um and i got my referral link in the comments if you guys want to use it shameless show
there's a we're talking about hyper liquid there's a kind of a cool
new thing that i think is pretty interesting it's called eventuals oh real quick so uh but for
anyone that has one of those hype battles uh uh, they revealed at the beginning of the show
I completely forgot
Uh hype pals or whatever the little pals from sonic
Uh floor price took a little bit of a dip right but still relatively holding strong. Oh no
Yeah, actually did it. It took a 0.5 hype dip. So sitting at 1.5 was at two prior to reveal so
dip so sitting at 1.5 was at two prior to reveal so not too much but uh collection is 2,222
and roughly about 50 ownership on those so actually looks pretty decent if these kind of
catch a little bit of steam so i got four of them i i just said fuck it i'll just come back after
i'm done with the space and see what I got. So we'll see.
We'll see what I got.
I mean, I think they opened up after Mint up to 2.5.
And then as soon as they opened up, they dipped all the way down to like 1.6.
That's where I scooped up like two or three of them.
And then this morning, they got up back to like two.
And I was like, should I sell for like 0.5 hype or fucking just risk it?
And then hopefully I hit a rare.
I was talking to Began a while back ago.
And he's like, the consensus is always a sell before reveal.
But he's like, never sell before reveal.
Because if you hit a rare, you're going to basically make life-changing money.
I'm like, life-changing money is like in a tee time.
Like if you hit like, say, like a a gold one you can make like 10 20x
times the mint uh compared to oh yes that's the truth until you use your rng on some dog
and then you're mad you know what i'm saying you hit that 101 and it's a degenment and then you
know you already wasted all your luck like you already know it's gone the next minutes you're
not gonna get i've dudes yeah it always happens the only time i ever hit one was some fucking degenerate ass
mint yeah yeah i've hit i gotta get some dgen one i think i've hit just top 10 on a bunch of dgens
and then i hit my first 101 in five years bro it was fucking astroverse and then that shit they
had to cut supply and didn't sell out and i mean it's
still at mint price so i got hopes for maybe some crime or something but first 101 in five years and
i get a mint that can't man out bro i'm like fuck i know it's not another one's not coming soon you
know like this hype house not a 101 yeah yeah we'll get it i mean there's tons of nft news after i
talk about this ventral let's do let's, let's definitely get into some NFT news.
There's been some cooks, and there's some cooks going on today.
But I thought this one was just interesting.
We always look at new stuff, new stuff to get into.
And with the HIP3 coming out, it's basically letting protocols basically build on type of hyperliquid.
They can basically do whatever they want on top of hyperliquid.
They have to bring the code.
They have to bring liquidity.
But you're on hyperliquid. And this is Ventuals. And it's basically making private markets public.
Soon, you'll be able to trade startups before they IPO something once limited to insiders and
VCs. And you had IPOs basically were able to get on the test net in kind of a trading competition.
And so just imagine if this was around for the circle IPO
and you could 10X long, up to 10X long IPO,
pre-IPO companies.
So just imagine you were able to 10X long circle at $38
and it went to $400.
You can do this on this Ventral's platform. And I guess the test net
that they were using, you were able to do OpenAI, SpaceX, Kraken, Stripe, Anthropic,
and Drool, and Cursor. So we do have the Kraken IPO coming. We have the SpaceX IPO coming. We have
the OpenAI. If this goes live and you're able to do that, you'll be able not to have to buy the stock on spot on Robinhood.
You'll be able to 10x leverage this on Hyperliquid and probably get a bigger return or get wrecked.
But I think this is kind of a cool thing we haven't had exposure to in crypto.
Typically, we had to go on Robinhood, buy spot, buy circle at $28 and sell it at $400.
Well, now you can 10x leverage trade these IPOs.
And I just thought it was interesting.
And this is kind of one of the top projects
I'm looking at in Hyperliquid going forward.
So just something to bring to your attention.
With HIP3 coming, you're going to see a bunch of new stuff
being built on Hyperliquid.
And I think that proposal is right around the corner.
But what are some things you're looking at, Chief?
I guess the one question that I had was kind of more technical that was on bitcoin was these like little
boo-boos that needed to be wrapped there was like a 10k collection they wrapped them they were on
sat flow and then they indexed on to magic eden it's not 10k bro there's no cap there is no cap
no i mean they've they've slowly changed it as when it originally launched but there was no cap there is no cap no i mean they've they've slowly changed it as when it originally
launched but there was no cap like at all uh yeah they launched it's a it's a token it's a new
standard right of where you're actually placing the data and where you're actually like inside
the transaction right the transaction hash So similar to how stamps,
right? They're placed on the witness, I mean, on the transaction hash and then on Bitcoin
ordinals, you're doing it on the witness data, right? This is another spot of where you're
basically leaving your mark. And this is on a continual Merkle tree, right, as individual transactions. So they require you to wrap them,
isolate them, wrap them because there is no one baseline indexer for this token standard yet.
So if you send it to a wallet and you utilize that wallet, you can and you probably will spend this
as a usable Satoshi because no wallets currently flag it as not.
And then, so if you minted, if you're good, don't do anything for right now.
You can go and utilize LIFO's tool, wrap it, and then sell it on SatFlow or Magic Eden.
If you minted and you've done stuff in that wallet, I would still check it out.
See if you could potentially still isolate that sat itself.
But just be careful in the wrapping process.
Any extra characters, anything that you put in besides the transaction ID can potentially ruin how this is wrapped.
And, you know, just the sat itself that's isolated.
So mint was roughly about
10 bucks right it was 10 000 sats so 10 bucks um and then you sent it to an address and they sent
you the labit boo um separately right as a as the transaction from their end there's been a couple
are there uh i don't know.
I think people have said almost like north of 100K.
But no one knows.
Fuck.
No one knows.
It added 1K overnight.
It was 2K.
Now it's at 3K.
Well, there's no indexer.
That's what I'm trying to say.
So the what is getting indexed right now are people that are,
as people wrap, more show up.
Does that make sense?
So technically, if someone just, oh, I've minted 50 of these, and then they start like
wrapping them all, 50 more show up.
So stuff like that, that no one's going to really know the count.
And they did a couple of changes, right?
The laboo boo, labit boo, or whatever actually changed as well.
You see how there's different ones.
So throughout a period of time,
you could have got the sleepy one with the sleepy mask, one with a different set of eyes and stuff
like that. But no one knows exactly how it was. So mainly the sought after ones, right? Our first
1K, which in my opinion, makes sense establishing protocol provenance while also still falling
into this whole ordinal theory law of numbers etc uh first 10k right if you want a bigger wider net
oh first 10k if these are out whatever i'll cop one for you know just history's sake or whatever
the fuck you want to tell yourself but i'd be looking at that uh first 1k and first maybe 10k
if you just hey i i'm an ordinal
believer i think this might be something to something right but a nice little cook if you
just experimented i think most bitcoin firsts experiments do well and then ultimately the rest
end up catching up and then the derivative protocols etc what do you think is this more
like curse inscriptions where it's like oh it's a thing and then it's a flop and then no one gives a fuck about curse inscriptions?
Or do you actually think?
Nah, I don't think this is going to be a thing.
The wrapping requires too much, right?
And it adds another layer of friction.
I mean, I don't know, dude.
It was fun in that sense of participation and having fun.
But, oh, it's an experiment.
There was that speculation of it and having fun but oh it's an experiment there was that speculation of
it could yield something but at the end of the day for like natural trading i mean you already
have enough friction in that ecosystem as it is you already have enough different protocols and
token standards as it is you know the more we add it's not like this is attracting more people it's
just different exits for current participants
yeah i'm just trying to look for something because i feel like
there's going to be a new nft project that kind of is not like goblin town maybe more like
knock amigos where it just comes out of nowhere people mint it they forget about it and then we
look back in like a month or two these slops bro what you talking about that's right i'm going now he's been he's
been he was doing that engagement farming on the timeline for forever bro i mean for probably about
a week now of since totally made that tweet uh when was that man i feel like a week uh whenever
totally or whoever made that tweet on solana saying hey um yeah only thing this chain
has is digital slop and uh like just gambling so he called them digital slops uh i think that the
interesting part about that is he launched them on eth mainnet right so kind of going against the
totally talk cool you don't like nfts well we'll go be great somewhere else uh and then on top of
that too he has collections on ape
chain he has collections on multiple other chains right it's not his first time around the block
this is his first eth mainnet collection i do think this is one of those similar to how we saw
eighth project of you're just in the cut you're swinging you're swinging and eventually i mean
you hit that homer bro and you know exactly what to do and where all the bases are located.
And, you know, you provide that.
So it's seeming like it in terms of just recipe for NFTs, free mint, literally free
man, open to anyone, old school vibes of fill out a fucking Google form, right?
When you knew you could loop the Google form a million times, like that is exactly what
it was.
You could have sat there and filled out the Google form five minutes every time he dropped it as many wallets as you'd like right so very very
old degen style that was kind of my thesis too when i was telling miyagi uh earlier that we
should have swept some right and to sweep some they were roughly at 0.003 like ten dollars
i'm like dude it makes no sense right This is the recipe that we always talk about
is out of nowhere, free and fair, right? Try to prevent the bots as much as possible,
right? So people didn't get bots because it didn't go to public. It was a gated first come,
first serve. So just made sense. And sure enough, it's looking all right, bro. I mean,
made sense and sure enough it's looking looking all right bro i mean the art looks decent so
hopefully if reveal goes out uh without an issue and like you have some distinct differences i
think in the traits right i'm i'm big on that like when i'm scrolling openc or or magic in or
something if i start seeing the same trait over and over in a row it kind of off puts me the
collection all right i'm like damn these guys didn't try or whatever like there's not enough traits so hopefully we get that but it's looking
good we had uh spots for these for in the foundry no we i gave we filled out the form
i pinged when the form went live this morning right and everybody had five minutes to go it in
and then i even started submitting anyone that had an ID badge, right?
I think I got like five or six people that had badges and just submitted their wallets for them.
So they could mint too.
But yeah, this was 100% free and fair participation.
I've been trying to get these forms over the last couple days.
But I mean, they literally vanish or get filled up too quick.
And then luckily he dropped one.
Sure enough, this this morning i think it
was like 8 a.m 7 30 or some shit and you know the few people that were there were managed to grab it
and cook so yeah i was uh i didn't but i swept go ahead go ahead my brother yeah no i was gonna say
like thanks like yeah i was i was like fucking getting my morning together and i saw it i filled
out the form and i minted three and then i swapped a couple i like fucking like ten dollars um and i actually just sold a couple so
i already made some money and i'm riding free and i definitely would have never caught it if
it wasn't for achieve so thanks that was up baby gotta stay plugged in and that's when i'm just
trying to i something's gonna pop up dude like i know something's going to pop up, dude. Like, I know something's going to pop up.
And I was like, this one looks good.
This one seems nice.
I thought maybe the little boo-boos one maybe would be it.
But now I'm starting to learn more that, you know, you can infinite collections getting added.
So I'm just trying to think, like, I definitely think there's going to be NFT that pops up here in the month of August.
That's going to run into September.
It'll probably be on main
too like to be honest it's not gonna be on salami no disrespect like you had the chillers run but i
really like that's heavily related to the coin right like let's be honest uh if the coin goes
to fucking zero chillers little chillers is not gonna stay at five soul right so just the the quote-unquote older guard cycle this idea of nfts is still on eth right and
then it kind of proliferates to the other chains you know solana uh bitcoin etc but i think that
if we are going to have this randoms winner right uh it'll probably be on mainnet same kind of
formula as a goblin town a digiday dayaku or something like that, right?
Free and fair
Open chilling people anyone could have participated and I think that that's what makes you more mad and what makes the fomo greater
Is that people were like fuck?
I really could just fill out the form and you know looped it 50 times and you're like damn I played myself
You know, that's really what it is because people get mad because they played themselves you're like damn it wasn't
gate kept oh i mean yeah it wasn't like it didn't matter if you were a a big person a little person
feels your first day on twitter if you found his account and filled out the form you made some
bread yeah maybe it isn't this one. Maybe it hasn't been created yet.
Maybe it happens in September.
But I feel like there's something coming, man.
NFTs are starting to heat up.
People are concentrating it more.
I think personally people prefer trading NFTs over meme coins.
I know it's not a bigger X, but I just think it's people haven't done it in a while.
And I think people are kind of getting back to it.
I've seen more and more people rock their NFTs again.
I've seen more and more people talking about it.
So I do think to keep your ear on the ground,
there might be a Nakamigos-like play here in the next two or three months.
And I was maybe even thinking that Hypeos one or Hypeos might be it,
but Hyperliquid, the fact they're just on drip trade,
kind of like keeps them isolated.
You really haven't seen a big runner over there since just the main collection,
the Hypeos, and they were on base first which they were trading on open c so i feel like until
hyper liquid can get on open c and be able to trade there and get access to that liquidity
i just don't see any like big runner so you got to kind of think all right if it's going to be
a runner probably not on soul could be on soul um but it's probably going on e it's probably going
to be on bear chain it's probably gonna be on on ETH. It's probably going to be on Barra Chain. It's probably going to be on Abstract. It's probably going to be on one of those collections, right?
And so that's kind of what I'm looking at.
It's not going to be on Barra, bro.
Barra need to get their shit together.
And teddies are the only thing that's there for now.
And the Barra, I guess.
All right, Miyagi.
What's up, brother?
What's up?
Yeah, no, I just wanted to give some updates to the crew
for some things that people were looking at.
So I just pinned to the top Best in Slots article about BRC's upgrade.
They moved it to September 2nd of, like, the six-byte tickers.
There's, like, this whole article you guys can read.
They just posted it a few hours ago.
I know that the biggest, like, BRC 2.0 is like the Adderalls.
So they did see a dip because of this.
They're currently at about $700 in Bitcoin.
You know, like, you know, Espresso was saying, you know,
if August is going to be kind of like a choppy month or a slow month and,
you know, something like the market's going to send in September or whatever,
might be something to invest in if you're looking at it.
But I figured I'd give that update. And then also
Magic Eden dropped
an announcement today, which I thought was pretty
cool. I also pinned that
to the...
I'll pin it to the top in a second.
But pretty much, they're launching
a validator, a Solana validator.
And they're giving the
revenue back to Magic Eden stakers. I know a lot of people shit and they're giving the rent and the revenue back to magic eating
stakers i know a lot of people shit on it because you know the price action and you know and like
all this stuff but it's like magic eden you know what is still one of the biggest players in the
space and like i've always been bullish on them i know a lot of people were bullish on them before
the airdrop so i just think it's something to look at um yeah that's all i got and uh yeah long everything
long everything right here at the bottom right um i saw that maurice is moving to abstract uh
dead long dead abstract august got a whole lot better maurice is basically bridging from a
theory in the abstract and i saw some rumors uh this past weekend that Bodogos might be bridging the abstract.
There was someone in their Discord that was like, we should start creating rumors that we're bridging the abstract after this digital slop thing from the foundation.
And Nick was in the Discord saying, it's not a rumor.
So maybe one of the collections that go from 1 soul to 50 soul could be just an original collection.
I don't think it's Maury's, but Bodogos, we had basically Moonbirds was literally like $500 like two months ago.
Now it's at like $7,000 or $8,000.
So maybe it's not a new collection.
Maybe it's an old collection that actually goes parabolic that has like an already existing community.
And we've kind of seen that kind of happen with meme points too.
I mean,
troll was sitting at 20 million for the longest time and went up to 120
million.
So definitely feel like there's a revival of like old communities,
believe in something kind of like the Marad thesis and kind of more people
getting away from like the new shitters from like fucking 10 K to a hundred K.
So I don't know,
maybe,
maybe it's that.
And I don't,
this guy,
I don't even know who this
guy is adam westman he acquired 5 000 other deeds and a multi-million dollar partnership
you know who that guy is that's the guy that used to do the the streams for the mega mutant reveals
remember when you bought the oh the fucking the big bucket for 100 million what was it 100 fucking yeah i think 100 million
dollars and some shit some shit like that bro was it him and machi big brother were buying the
mega mutant fucking viral viral files and shit yeah he has all the mega munis he bought the
other one that was there and he did the the stream and he he mutated it live and shit
i think the interesting kind of reading this
was that he bought it from Yuga Labs
because everybody's been kind of funny.
Because they have that 100,000, right?
Nah, according to them,
they're not releasing that 100,000 anymore.
Well, maybe, where did they get them from?
Yuga had 10,000 plots left over in their vault
and they sold nearly half of them, 5,000 for 10,000 plots left over in their vault, and they sold nearly half of them,
5,000 for 10,000 plots to Adam Weitzman,
who, by the way, owns like 10 of the Mega Mutants.
He's been buying them up from OXB1
and all of those other heads that had those Mega Mutant 1 of 1s
back in the day.
He's been building an army.
I think he has all of them except for one of them.
And then this was an interesting deal because we've we've been seeing that yuga is selling off different parts of their businesses
and now like between moonbirds and me bits and crypto punks like i don't even know what other ip
besides uh the other side they have left so i i mean obviously you have the apes but like the whole ape chain itself is built around the premise that they're building the other side and
you need that l2 in order for gaming and whatever so until the other side
actually comes out where I think the apes are kind of sitting on their hands
a bit but they have had some developments I don't know if you've
seen but like people been fucking around in I forget what they call it like pods or something else but like they've been fucking around in some sort of other
side environment which has been interesting to see and i think people are making some money that way
but i saw like the bathroom blitz the bathroom yeah yeah they had i don't know people are kind
of saying it's kind of wonky like the aiming device and stuff it didn't seem like the characters actually fit in the environment i think overall the problem is that yuga sold all of its land a
few years ago without actually having a plan to to execute on it and then they realized it's a
little bit more difficult than they thought it would be to execute on this plan so like that's
why we've seen them also selling off other parts of their businesses of their business so they can focus on this one thing because like they were basically doing
nothing right as opposed to now they can focus on one thing and hopefully do that semi right
that's crazy because everyone kept saying that right yo what the fuck why y'all keep adding all
these new different verticals because the apes are getting upset right i mean if we're the the
flagship why
do you keep adding so many different things in the ecosystem and we still don't have 3d models
of our apes we still don't you know what i'm saying and so it kind of funny how they ended
up just reverting to exactly what people told them that they were doing wrong to begin with you know
do you think this is a they're selling assets to raise more money to kind of continue building out this metaverse because it's way more expensive
because there's been rumors of a secret ip that they're building that's integrated with ai so if
you're saying they're concentrating on one thing all the rumors are suggesting that they're also
focusing on something new and so it's like are they just trying to eliminate i was i was thinking
i was thinking about this the other day do you think it's possible that Yuga drops another collection
considering they just sold off three different IPs?
And now they can say, oh, we don't have these three IPs.
Now we can add it.
Yep.
I mean, that'd be interesting because they still haven't done anything with Kodas
or that other stuff that they were doing on the other side.
So it'd be interesting to introduce a totally new IP.
But, like, again, this is a media company
and they're trying to, I don't know if the holders of Ape assets are actually more than
that.
I think that they own assets from Yuga.
They're not necessarily partners.
It was interesting to see that Gordon mentioned Adam as a partner when he was saying that,
but I guess if someone spends $10 million on your business, they're in effect a partner when he was saying that but i guess if someone spends 10 million dollars on your business they're they're in effect a partner yeah i'm thinking to try to eliminate as much and just
focus on other side and then this new ip that has ai integrated could be something that actually
integrates inside of the other side they were doing that ai integration with music i don't know
if you remember the jeff thing that they were doing a few like maybe a year
ago but then jeff left like jeff nicholas literally left and started working at like
playstation or something else so i don't know what actually ended up happening with that like
they had different plans for different ai aspects and i know that they also just integrated some
different ai agents on ape chain but i i don't know what the exact plan is obviously i'm not on
the yuga team or anything like that.
I just observe what I see.
Yeah, I'm just thinking, like, why would he acquire this?
I guess, like, he's always been a Basie whale, right?
Like, he's spending lots of money on this shit, right?
He's always done it.
But typically when you do these big acquisitions,
there's something promised on another side
that you're going to fucking get rewarded.
And a lot of people have been sitting there.
I mean, it was probably him saying, i could either bail or i could double down and he is a billionaire so why not just
double down and try to make it a success because at the at the same time like he doesn't want to
look like an idiot holding the bag for buying these million dollar other mega mutants or whatever
and not just finish the job. So be like
Yeah, no, I was gonna say could be almost like a Fudrick moment, right? Where
Wasn't the best trade I would say in the longer time horizon But was the exact catalyst that was needed at the time in order to kind of get eyes get attention break
Out of the circles media, you know, like it was literally, like if Fudrick didn't have that sale or that buy,
the chances of Pudgy Penguin's trajectory being where it is today would probably not be the same.
Right. And I mean, and that's just in terms of attention that came from that single one sale.
And then the controversy was just a regular Penguin. It's just flip left.
And it's, you know, that back and forth. And it was the topic of the timeline for almost two to three weeks
Right. That's a long time in crypto world. So I think that this is
Potentially one of those moments also for Yuga, right? Hey, we got some big things on the horizon
They probably shared a little bit of sauce with homie because he's been a big whale and he's like, okay, cool
I mean like I can why why wouldn't homie just buy it on the open market and and like do a floor sleep
sweep or whatever like i think it's an interesting move to go and do it otc from yuga because he got
a better deal 100 bro yes he got a better deal but it also shows yuga is selling off assets like
i don't know if you came to me and said i want to buy half of your vault and your portfolio like it'd be a different story than you going on my open market
and sweeping up my floor what would you get you could probably get more money up front doing it
right like that's my point i'm saying this this felt like a way to raise money for yuga
with assets that they weren't using anyways what makes me think that they're building something that is costing more money,
which could be other side.
But this comes from this speculation from this interview
where Garga or whoever was on this, and he says it has
deed holders coming before the end of June, and it's August.
So if you were going to sweep other side
you're basically betting on this new ip that's coming out and this new ai agent is going to be
rewarded to these other side and board ape holders like that's typically the logic and so he's trying
to get a bigger collection they need the raise and then he's getting rewarded on the other side
whatever this new IP thing is.
And possibly he can sell the profit.
Is the amount that he even gave, the amount that he bought it for his peanuts
compared to even what they raised in the entire other side sale, no?
Like, how much did they raise on that sale?
Almost like half a billion dollars or something.
Yeah, they raised a lot.
But then they had new people come in, and they reacquired the platform.
So I don't know how much Garga and them actually got after giving it to the other guys that ran the Activision or whatever.
Sure, but BoardApeYacht Club also just took over the Ape DAO.
They just totally dissolved the DAO and basically got control of all of the
dow funds as well so like i don't think that they're without money like they have a lot of
money from that yeah that makes me that makes me think that this guy is just trying to position
himself for the airdrop that of this new ip that's coming out soon because it's been rumored to be a
meme coin they suggested that's ai in a new IP that they're working.
So I'd imagine every other Deeds holder,
since it's gonna probably be integrated into Metaverse,
and every Ape holder will get airdrop this.
And so he's just like, okay, this is happening.
Let me get an OTC deal.
You guys can take my money upfront
and then I'll make a fat bag off the airdrop
for doing an OTC deal.
Because I think they have money, right?
So that just makes me feel like he's positioning himself cause he knows
something's coming and Basie has been kind of trending up recently,
you know, check it every day. It's up another, you know, 0.5, 2%.
So it makes me feel like there's some insider information that this, uh,
thing that was supposed to be scheduled to be launched in June.
I don't think it's, I don't think it's insider information.
If he's a partner and he's spending millions of dollars on a business
publicly, like, I don't know that that's's necessarily insider i think that's like him giving them a
lifeline so that they continue doing business otherwise they might go under or something like
that because they do need a catalyst to change things up and this might be what like that like
what you were saying before maybe i guess we're gonna find out i do i mean it was supposed to
scheduled in june and it's august so no better time to be launching it soon and you probably see this new ip probably released in the
next month or two and maybe that's what's gonna lead to the nft bull run is dgens getting airdrops
open c airdrop uh and actually we talked about that but we haven't got no like broad stroke free
money since i guess magic Eden not to sound entitled or
anything like that but I mean also like abstracts probably not dropping to like
December or whatever to the holidays like bro what about fucking pump fun like
that was supposed to drop a month ago everyone's just pretending like that
didn't happen but like I don't know they did a six hundred million dollar raise
at a four billion dollar valuation and then fucking G did the chart down to one million dollar
He did an announcement out of an announcement yesterday. He said he's gonna start turning up
soon
Like it's not even about like free money or whatever these people have extracted so much fucking money
And I think the soul ecosystem needs a bit of a stimmy in order to come back
to life because it's just gotten like death by a thousand paper cuts the past few months
since melania and trump dude i'm telling i said this before i mean i'm trying to think of
logistically why it couldn't work but dead ass bro one day a month pump rngs what day it is
and all the revenue it makes that day gets distributed to whoever traded
throughout that whole month that's it it don't even got to be pumped take this and put this into
your favorite flywheel ponzi that you can think of and tell me why besides your utter greed that
you will not give away one day's worth of fees right i i heard i heard though that pump might
have changed the way that they're doing
the distribution and it might not even be on past historical usage of pump fun it might be like they
might have added a new tracker for how much volume you're doing currently on pump fun going forward
because it's hard though i mean on pump like if you use bots and shit how can they truly identify
you know did you have to buy it on their platform
before it bought like you know i'm saying like the thresholds are just going to be so iffy for this so
i wonder if it'll just be a broad stroke airdrop for all participants kind of thing or whatever it
may be do you think like random people that spent five bucks on pump fun like normies are going to
get a big sim semi compared to like
crypto desions i feel like they're probably gonna aim it towards newer people and smaller wallets that's why it might be better to have a few different distributed wallets as opposed to
well that but then how would you how would you find those people emlo well a person spending
five dollars is probably not running an axiom bot like let's be honest a person spending that
person is very easy to send money to because they bought it straight
Off and that's what that's exactly my point like you're easier to find those
Wallets that directly hey, I'm trying this out or I stream like you can find that easy
You can't go on the people that are moving actual volume
None of them are pulling up pump fun and sniping a contract on pump fun with 30, 40 soul, you know?
So I'm going to post something up to the top as we kind of continue and cycle.
Iceman, do you want to go ahead real quick?
I know that your time is a little bit limited, man, and appreciate you for coming up.
No, no, it's all right.
Mondays and Tuesdays.
I don't go to work until the mid afternoon.
So, but yeah, I just real quick just to add to the Yuga thing in the other side.
So from me, I can see I'm not deep involved,
as you guys are from the front end of the board apes and stuff.
But on the back end, it's not a shill, but the Somnia network,
I see that you get so many points in
boosters for for having codas and ape pins and things from the ape chain and it's all on a layer
one and from what i've seen is the apes and codas they're actually like making these you know uh
metaverse worlds of like quick gamings and you know things that you can take your ape and run
around in like a metaverse world that you
create so i'm not saying it's just speculation or it could be something but like i don't know if the
other side was on a layer two but everyone's talking about like layer ones with these gaming
things and stuff like that with the transaction speeds and the finalities and stuff like that so
i just wanted to add to that well on that note that note too, I mean, when you talk about Somnia,
you have that partnership with Google, right?
They literally have Google AWS and Google Cloud
as that's the infrastructure that they're using
to incentivize builders, games, and people to go build on Somnia, right?
I mean, it's this, oh, well, you don't need to have a
heavy extensive rig, right? Moat is no longer, oh, well, graphics card this or that or memory
or storage or internet, you can now start to utilize cloud and then have this kind of decentralized
approach to that as well. So I think that one of the things we can't do is pretend like these guys aren't
working with google right and that that's not the primary selling point for them to onboard new games
and new high throughput tps projects
yeah that's just bigger brains than what i was thinking so So, I mean, it's with, with, with them partnering with, with, you know, names like that and groups and stuff of everything in that type of ecosystem
with onboarding people, it's, it's easier to, to get the Google user to, to come in and to play
a mini game and not know that you're on block, you know, web three, you know, rails at all.
So, I mean, it's it's it's it's something
that could be used in many different applications and i just see it booming for definitely for the
gaming side of things yeah no i 100 agree i've been keeping my eyes on there and then they also
have heavy integration with and crossover with a lot of the yuga and Ape Chain assets, right? That could be kind of one of these less talked about partnerships that are in the works.
So, Somnia, if you go and you check if you're utilizing or farming it,
they literally give you multipliers for their airdrop and for their chain if you hold Yuga assets.
From other deeds to CODAs to Bases and Macy's,
like specific individual collections, targeted partnerships. So just something to keep in mind
as well as we start going further down this gaming chain and Yuga heating up and Somnia
kind of come into market. Pinned up to the top, we have the Towns Protocol airdrop.
pinned up to the top we have the towns protocol airdrop um not sure how many people actually
farmed towns but if you have any of the moonbird assets uh this is one of those catalysts that
kind of increased your four price over the last couple weeks uh was this deal that spencer struck
so you can go claim uh if you have a Moonbird or a Mythic,
a little bit of the town's allocation itself.
So I don't know if people are able to directly sell it,
if the liquidity pools are fully funded yet,
but it will be sold on,
you can use like Uniswap or something like that
since it's an EVM token.
Contract and everything is pinned up to the top,
don't get fucking scammed, don't go to random websites,
whatever it is
Make sure that that's the contract you are actually interacting with
Did you get one chief so I know that I think you held a no didn't you that that's the one that went to the the burn address
Oh fuck dude, cuz it says that
And I never bought a new one because they gave me the money back and the price had gone
up, remember?
Fuck, bro.
Because this Andy got no words from Spencer about what they'll get from the Towns Airdrop.
Just silently done the job.
Moonbirds, Mythics, and Oddities holders just got $1,600 of USDC at the time that they did
the snapshot.
It's worth much more than Burbs now.
Right now, it's still worth two Mythics.
It's crazy
so it looks like people got around sixteen hundred dollars uh through this airdrop and it looks like
it was to every uh asset in the collection which is a cook dude isn't towns isn't that backed by
anamoca brands i think that i think there's some kind of partnership with anamoca brands with that
too i didn't know much about it but uh yeah, Spencer kind of living up to the hype, man.
I think he's probably, in my opinion, I said this as soon as he bought the Moonbirds collection,
other than Luca, I feel like he automatically was probably the second most qualified NFT founder in
the space. And you had a thousand XP crate airdrop OpenSea, which would be converted into a token,
which who knows what that will be but
we'll do the conversions when he drops
and then he just gave $1600 to Moonbirds
and he made the price go up from $500
to $10,000 so at this
moment this guy's
right behind fucking Luka Nets
as the top NFT founder in the space
Spencer? Spencer yeah
I do I believe he is. I don't think he
can be a top NFT founder when he's just like,
not that he came out of nowhere, but like,
let's give him a little bit of time before you can call him a top NFT founder.
Well, he's proven it.
I mean, so far in his past two months, he's given $1,600.
I think the OpenSea 1000 XP will probably be $500 to $600.
And then the collection went from 0.5, which is $500 to $10,000.
So in the small sample size, he's doing a pretty good job.
And yes, we'll have to wait two or three years.
I think that's an interesting point, though, too.
That kind of what Emlo just said or brought up, right?
Is that I think that he's a different style of founder, right?
I think that he's a different style of founder, right?
I mean, you have the founders that are naturally good at BD that are actual market participants, right?
I mean, that's what Spencer is, right?
He's a great investor.
He has time in the market.
He understands certain trends, right?
So giving him credit in that sense of finding and being a founder for BD Connections, for strategic partnerships.
I think that that's a route that we haven't really seen that utility style founder since Proof.
I think Proof Pass was probably the last utility style.
And then we had all those ART kind of founding passes.
But those were disguised
as passes. I mean, I see Moonbirds now, which is ironic that it is Moonbirds too. And, you know,
Proof was the last kind of example of this, but as becoming more so a catering of what is or who
is in Spencer's Rolodex that would allow not only Spencer to get a seat at the table, but also bring
Moonbirds in as well, right?
Which is an underrated skill that people, I think, often look over, right?
I mean, yeah, the amount of money you can make is great, but the amount of tables that
will actually open and allow you to sit down goes a lot further, right?
Because even if they're not serving food today, they're going to be serving food tomorrow or next week and if you have access
at that table that's all that matters so i think that is going into a different route than i would
even compare to like a luca or more so of an ip style founder it's more so the resources and
spencer as a whole as an investor so i think it was something with monad too that
happened check your mother oh yeah that was basically like soulbound token so it secures
them some type of hey we were here on monad early so once again it's just more so a vd kind of
check mark for him or a gold star yeah it's a soulbound but i think they were able to claim
100 testnet mon which is great but i do think that soulbound but i think they were able to claim 100 testnet mon
which is great but i do think that soulbound token could be used as like a distribution uh
vessel for the what are we supposed to do with test that mon is that equivalent to monad when
it comes out or just around with it use it yeah just use it farm protocols they've been they've
been kind of not saying gatekeepy but one thing about monad is
a lot of their sought after nft collections right the jpegs or or the potential like
jpeg vehicle assets that are coming um all of them have crazy testnet mon prices
right um i mean ideally if you hold a testnet asset, when it goes to mainnet, you'll kind of be guaranteed there. So I think that they'll ultimately be a sell-off right before mainnet or at time of mainnet announcement. But they've been doing that, right? You have to go and actually spend a good fucking amount of testnet mon to, if you want a whitelist for a certain community or participate of anything
inside the monad ecosystem so to a certain extent the 100 mon gets you somewhere but it doesn't
even get you the cheapest testnet pfp if you wanted to right so you'd have to go and flip
and participate and do this and do that and and then that's just more so the i'm not gonna say
gatekeep aspect but a little bit more closed off That's why test that Mon is so sought after
I'm gonna post a lot of this
Yeah, a lot of those entities that are like a thousand ten thousand whatever mon those are basically going to be like
Air droppable for the collection when it ever is on monad I guess and so it makes it that's a good point chief
I think yeah, that's literally why they're they're kind of not gatekeeping But you know, they I mean it's fucking testing that bro. It's all free
I mean reality of people going out here and I'm gonna go sell this for testnet for what you're not even getting the two dollars that you wish
You got you know, not yet
Um a couple things and then I just I mean I realize it's 12. So we'll start to wrap up as well
first and foremost, new app, right?
This is kind of, I mean, it just popped up.
If you guys want an opportunity, I think that something to check out could be a new airdrop
to farm.
It's called Dreamcash, right?
You can go, you can sign up.
It is on Hyperliquid, right?
So it's going to be a new trading slash Perpdex potentially wallet, right?
I mean, everyone is kind of fighting for that TVL mindshare, but with Hyperliquid heating up,
with Lambo Land's project also bringing a little bit more attention to DeFi and utilization of the Hype coin and token itself,
I can start seeing these catch a little bit of steam so relatively new uh whitelist
slash um waitlist just opened right so go over there sign up uh and you can probably be one of
the first users secondly uh i'm gonna just kind of in brief talking we've mentioned the parasite
pool to you guys multiple times once it went live. Things are starting to look better and better for the parasite pool to actually hit a block.
So at current rate, you're looking at a 1 in 478 chance per day,
1 in 16 chance per month, and a 1 in 2 chance per year.
For those of you guys that have no idea what Parasite is,
it is, I guess you could say,
the easiest plug and play mining solutions for normies, right?
Ideally, when you're running a miner,
you have to contribute hash,
basically energy and power towards a pool.
The equivalent of the energy and power you contribute
is the slice of the pool that you are allowed at, right?
Mining is a multi-billion and trillion dollar industry, so unfortunately you and I don't have the wallets to really make an impact in this game.
These small little miners, right, they're what used to be called or what are called lotto miners.
Originally, they were zero to 100 meaning that
you either hit a block or you don't that's it very little hash power very little energy rate but
it's a lotto right so if you win you win you take all of the quote unquote spoils currently i think
the block reward rate is going at around 300 or so US, 300k USD, right?
So roughly about three, two and a half to three Bitcoin.
What the parasite pool is, it allows all these little tiny individual lotto miners to actually
work together and to then share the price pool if it actually hits, if they hit, right?
So in a sense, a bunch of individual ants that are coming and banding together to become a colony,
and then now can go fuck up some chips or fucking apples or whatever, right?
More power in numbers.
I mean, the way that I think of this is literally the ants movie.
That's kind of why my reference, right?
But it's the ants versus the grasshoppers right you kind of really don't understand that the grasshoppers
are these bigger mining pools that centralize and they get to control the blocks what goes inside
what doesn't and so this is kind of taking back right and it infects and that's why it's a parasite
so long story short if you have one of these little miners up and running, if let's just say the whole pool hits, you will get a little bit of money versus on a traditional lotto miner, you would get nothing.
If your lotto miner is the one that hits the pool, right, because they're all more or less equal, then you will be awarded one Bitcoin automatically and everybody else that is online at the time
will then split the rest of the reward. Okay. So now you go from zero to a hundred to now one
in 42 chances or one in 478 chances per day, and then a one in two chance per year. Now,
and two chance per year now will this hit this year i don't know maybe maybe not but it's 50
dollars it's 120 to get someone online right it's hey mom dad do you want to mine bitcoin or hey if
you have a hundred bucks you can get online right and think once again they're ants the more ants
you get the bigger the colony eventually you're going to be able to take some shit down so just
wanted to put that on you guys radar as uh the the basically the chances are getting better
and you do have the ability to rent hash rate i wouldn't be surprised if i was trying to make a
splash in the world and show people that this is possible if i went out and spent I don't know maybe 1 million out of the fucking
20 million I made in the last two years to go show people that this works right that I can rent
hash power and put it all online and that the parasite block works so I wouldn't be surprised
that we see that happen maybe in the future and I would want to be connected if i were you so very simple to set up five to ten
minutes if that uh low level device is a hundred bucks 125 and you can probably find deals or
something for as low as 100 or even on the timeline for free yeah i got we got video if you guys want
to buy one uh the one that i got is the nerd one which is 500 to 600 i just put it up top if you guys want to have it but
we have all the information for you uh videos to help set it up so you guys have a tutorial
just have to go on and go purchase it and it's i think there's like 1200 to 1600 people online and
if you take out one bitcoin and we hit and we get to split two bitcoin that's around 150 to 190
per miner which i mean it's not bad. And it just kind of
runs in the background of your house. It's really light. It doesn't even make a lot of noise. So
it's definitely something interesting, something new. And a lot of people have been wanting to get
into Bitcoin mining for a while. And this is kind of the easiest solution that's between $150 to $600.
I would suggest the 600 one because
the fan keeps it nice and cool you don't have to buy any internal or external fans to connect it to
keep uh to keep it cool this one stays around 49 degrees uh and it just runs really silently so
have all the information there for you guys if you guys do want to get in hit us up we can send
you the video and it basically walks you right through it all. So I got mine set up. Chief has his set up. I think
Rocky has his set up. We have a bunch of people in the community that haven't set up and it's
just a matter of time until we hit this thing and it goes parabolic. I think just the last thing I
got before we end it is like I've been fading the base app wallet thing. I pin up a kind of a
thread that goes over like it has social fi, it has a
payment fi. The payment system and base works like Apple Pay, but uses USDC. You can tap your phone
to buy a coffee and pay for Shopify purchases. It has 1% catch back at the end of 2025,
Bridges Crypto. They have smart wallet architecture. They have like a little app
store people are
building on tp like just transactions and new unique wallets are going up pretty parabolic
and just kind of uh at the end of the week aerodrome which is kind of the leading decks is
getting integrated into this app and just say you don't want to with it and you're just looking at
the metrics and you continue to see people using this i think aerodrome kind of facilitating a lot of this uh cross-chain swaps and an integral part of this app could like
the price could go up in the long term similar how jupe went up during kind of meme coin season so
just kind of looking at the metrics i'm fading this i'm not fucking playing on base i don't like
fucking dealing with more social fight shit but if you do want to get some exposure i think looking
at aerodrome i think it gets integrated by the end of the week. That kind of being integrated into the app and
kind of facilitating all this would probably be a nice little long or just kind of like a little
spot buy, basically kind of getting exposure to this ecosystem. Coinbase has a lot of people that
they can basically bring onto this wallet. And I think Aerodrome will do very well in general.
And then, Chief, you kind of told me
about this at Bitcoin Vegas.
Peter Schiff was on stage.
He was trying to launch an ordinal project
to fund this James Howells guy
to basically find his hardware wallet.
No one bought into that shit,
so he had to cancel it, bro.
Yeah, and he basically
just gave up after 12 years
of... Yeah, because that was his literally last
attempt at bitcoin vegas he's trying to convince people and we're like bro we've all been sold
this story with you forever like the fuck are you you're not gonna find that in a landfill bro like
get real i know dude it's just it's really sad because that wallet is worth $915 million at the time. And in 2030, it will be worth $8 billion.
Horror went out for James Hollis.
But like I said, this is ultimately really bullish for us.
Because MFR would probably try to go sell that Bitcoin as soon as he found it.
He probably would have dropped the price.
So, man, don't make mistakes like that, man.
A billion dollar sale wouldn't do anything to the chart. You don't think so last week someone unloaded it like over a billion dollars
This dude probably loaded up on crack and it fried fucking nuke the charts, bro
Added I don't know it's yeah, I don't even know if he would have found it if it would even be recoverable
I was thinking that too. I mean if you don't got the seed phrase it don't really even matter if you recover that motherfucker like you're gonna
go and it's gonna be like please enter your seed and you're like fuck bro um you would have to get
like csi motherfuckers on that shit to like no we still can't force it i mean you do we don't have
quantum if he can force that open if he can brew that, then we all got a problem. I guess to wrap it up, two things.
Last is Abstract XP.
I mean, once again, that's coming around as something I guess sought after.
People are trying to understand.
There's been a million guides we've given you over the last couple months.
As I guess Q4 gets closer, people are trying to farm it a little bit more.
They are always changing it,
right? So if you read up about it, let's just say three months ago, there's probably been some
updates on how it works. It's almost every week that they're changing that algorithm, right?
The latest and the biggest update is that now meme coin holdings actually work,
and they're also incorporating a delegation system for you to earn
abstract xp across different wallets not just the abstract global wallet so uh guide up top
pinned up by loshi so oh losh me so you guys can go check it out if you're lacking in the abstract
xp sign and then just to finish this up if any of you guys had some doubts that people like JPEGs a little bit more or in general, we've seen punks get bought up nonstop left and right.
Even that gold ape sale went into buying, I think, three or four more punks.
So now an ape punk just got sold for $2.6 million.
So GG's seems like people are at least trying to position for a more risk on environment.
And yeah, man, let's have fun these next couple hundred days because I think it's just enjoying the juice that could be squeezed right now.
And that digital slop collection is up 2x since the start of the show.
It's up to 0.017, up to $60.
I think it was like $30 when we started the show.
So maybe that's it.
Who fucking knows?
Maybe it's a new collection.
But like I said, I feel like there's going to be an NFT collection coming in the near
future that's going to surprise us all and going to be like a Nakamigo-style run.
And maybe digital slops is, maybe it hasn't been minted yet.
But appreciate you guys.
We'll keep you guys.
That's what we do.
We keep a pulse on the trenches.
We keep our ear to the ground.
We'll give you guys, you know, when we find the opportunities,
we'll definitely facilitate them on the space.
And we'll also give you guys a more curated experience inside the foundry.
So we appreciate you guys stopping by.
We'll be back tomorrow.
I will see you in the foundry.
You guys have a great rest of your day.
I'll leave you here for Chief.
Yeah, appreciate everybody that came out to tda everybody that contributed to the conversation
Shit time flew. It's also fun when the space is a little lively and there's cooks
There's just things to do and talk about right and that's one of the benefits of the quote-unquote bull market so
Lock in guys, right? We're here for you guys Tuesday through Saturday from 11 to 12, 1230 Central.
Just depends on the conversation at hand and the people on stage. After the show is over,
there will be a thread that goes out, covers everything that we talked about on the show
and that we pinned up to the top. Likes, retweets, engagement, bookmarks, right? No one even sees a
bookmark. Use those for us, right? Those help us not only get more opportunities, but grow the TDA
and add people that can cover different sections and sectors that we may miss. So we'll catch you
guys in the foundry. For those of you guys that are inside and it's TDA or stay poor. Y'all be
safe and see you tomorrow. Thank you.
