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THE DAILY ALPHAβ»οΈ
Recorded: Sept. 17, 2025 Duration: 1:34:51Space Recording
Short Summary
In a dynamic crypto landscape, discussions highlight the launch of Daily Alpha's new space, the anticipation of FOMC meetings, and the emergence of creator coins as a profitable venture. With Binance easing restrictions and innovative funding opportunities from Magic Eden, the market is poised for potential growth and increased user engagement.
Full Transcription
Thank you. Thank you. yeah what's up what's up i'm sorry i'm surrounded by lawnmowers
so appreciate you guys stopping by i think my airpod pros are pretty good where you guys can't
even hear it but it's like 15 lawnmowers surrounding me circling me i feel like i'm
doing something wrong i appreciate you guys stopping by.
Daily Alpha, we run the space Tuesday through Saturday from 11 to 12.
Obviously, Allison's thread is pinned up top of everything we discussed on yesterday's show.
And today's date is September 17, 2025.
Today's the big day.
Today is the big day. We have the Fed rate cuts coming
in a few hours. And I don't know. I don't know. I feel like it's kind of priced in.
Feels like it's already expected. We did kind of pump going into it. And from previous data,
we kind of always dump into this stuff but it kind of makes me feel
like maybe it's not maybe i'm mid-curving it maybe i'm overthinking it because last time
well everybody knew that we were gonna not get any cuts uh on the july meeting we dumped and
it's like okay like you guys knew that we weren't gonna get a rate cut and you dumped so maybe
people are waiting for the announcement to pump it.
So I don't know.
The last meeting we thought was priced in because there was like a 98% chance
there was going to be no rate cuts.
And then as soon as he announced there was no rate cuts,
we dumped down to like, what, like 112 or some shit?
And then we pumped afterwards, but I don't know.
I'm thinking that, you know,
the reason why we've gone up and we touched 117 was because people are anticipating this and typically the space doesn't know. I'm thinking that, you know, the reason why we've gone up and we touched one, one seven was because people
are anticipating this. And typically the space doesn't change.
Jesus Christ, man. These lawnmowers followed me like a mile down the sidewalk.
I can't get, can't get away from them, man. Um, but yeah,
I think it might be priced in.
I've pinned up with kind of a chart
this morning showing you guys oh i've printed something or uh created a post about uh just
banks uh bps uh rate cuts in general um kind of shows you the average seven day bitcoin performance
on epa post performance during the FOMC decision since 2020.
You guys can see on the right side of that curve is actually price action in the positive.
And then on the left side of the curve is price action in the negative, which I think
is interesting here, if you look at it, is that our biggest negatives are actually overreactions from the Fed.
If you look at this, it says a hike of 0.50 is negative.
But also, if you look at a minus 50 on the cut side, it's also one of the biggest negatives.
Typically, when you have a cut of 0.25, which is what we're going to get today, you typically get upwards trend in price with Bitcoin.
Typically, when you have a cut of 0.25, which is what we're going to get today,
And also a cut of 100 BPS also gets it.
So the market actually, you know, we've all been waiting.
Like, I hope there's something that isn't pricing.
I hope we get a 0.5 basis point.
But from previous data, that's actually been bearish for Bitcoin's price action after the FOMC meeting, which I think we kind of talked a little bit about yesterday was that this signals that the Federal Reserve is panicking.
The markets don't like uncertainty.
They don't want to think that the Fed is actually off on something.
And actually getting a 0.5 basis point, I think, would be bad.
So I think what's actually happening here is what's expected, which is neutral, which is a 0.25. And we'll probably just kind of dump a little bit. Maybe it'll be a little
volatility. Maybe we pump a little bit and then we dump. But I think that retesting around 114
on Bitcoin is probably what we're going to see. And then maybe two or three days afterwards,
going into the weekend, maybe we go back to where we are today and start this off because we have
another FOMC meeting on the 29th where we're going to get another uh rate cut so big day obviously it's
going to be volatile finance and coinbase are going to try to wipe out longs and shorts and
people trying to position themselves during this during this volatility so i think we just kind of
take out both sides we go back down to 114. Two days later, probably around Thursday or Friday,
we probably come back to where we are today.
And then we kind of continue our upward trend going forward.
So what do you think,
chief?
You think we're heading,
what do you think happens today?
You think it's a buy the room or sell the news?
I think it's kind of priced in,
in my opinion.
I don't know what you think.
Yeah.
I mean,
we knew this was coming.
A lot of people did too.
And I mean, we saw the rally uh the dip was the first week of the of the month you know and where everyone was scared
and are we breaking down under 100 we were at 106 107 or whatever and then now we've slowly
started positioning as more and more bullish indicators that a rate cut was coming ultimately
people started slowly allocating and you know positioning themselves for the rate cut itself so
i don't expect any like major uh godsend candle or even a sell-off in that sense right you'll
probably just see regular market manipulation a little up a little down uh but more or less just
confirming i think that the crazy or the unexpected is the 50% possibility and exactly what's said in the minutes.
And then that'll really change the trajectory of how this goes, in my opinion.
I think today the biggest thing is, since this is a quarterly FOMC meeting, is that they're going to bring out the dot plots and kind of show you where the fed board members stand on the macro going forward
and uh if they kind of have their expectations lowered um that would probably signal more of
like okay they're going to continue to cut rates going into the near future so i think out of all
this it's not what jerome powell says when he gets up there he's gonna say 0.25 it's not even the
minutes it's when they pull out the fucking dot plot and we see where the board actually thinks uh the economy is going in the next year
and that'll give us a hint on if they're going to continue uh this kind of quantitative easing
cycle of cutting rates and i think that will kind of be what people move on going forward but uh
ultimately these these meetings are all set up on the same days throughout every year.
And I think it's not so much the rate cuts, it's the seasonality.
And typically, it's been a pretty bullish, no matter the year, it kind of seems like
we get a bit bullish going into the fall time.
So regardless of what happens today, I do think we're going to continue to go upwards.
We have, if you continue to look at the four-year cycle, if you do, we got about 40 days left from the top from other previous cycles.
So I do think this will be a short-term volatility and then continue upwards from here.
So that's what I'm looking at.
Obviously, you guys can also just look at quarterly.
A green September has historically resulted in two to three or even six consecutive months closing in the green too.
We're currently up 7% for the month with less than two weeks to go.
Keep things green for the rest of the month and Q4 looks promising.
So everybody says that September is the worst month.
September is the worst month.
We're up 7% in September.
So we can close September in green. Typically,
that leads into multiple green months heading into the winter. And so that's probably what
we're looking at. That's what I'm thinking we're looking at. It hasn't even been that bad. Bitcoin
through September 15th. I mean, 2025, we're up 23%. I think this is a little delayed. This is one day delayed. I mean, 2022, we were down
negative 57%. 2018, minus 53%. 2024, minus 35%. 2015, minus 28%. And then 2025, we're up 23%.
24, we're up 40%. So this isn't even as bad as it's ever been on September. But I can understand why
people are a bit frustrated with kind of the altcoins bleeding and strength not being there,
kind of hyper rotational, which makes sense, right? And so that's kind of what's going on
on the chart wise. Macro wise, I kind of saw some interesting stuff that kind of makes me think of why retail isn't here. U.S. consumer credit jumped $16 billion in July.
That's to $5 trillion, the third highest on record.
This marks the second largest monthly increase of the year, up from $9.6 billion in June.
Over the past five months, consumer credit has surged $103 billion.
So people are living off their credit cards, paycheck to paycheck.
There isn't a lot of disposable income. There isn't stimulus checks. People aren't going to
spend, I don't even know if you can use your credit card to buy crypto, but people aren't
going to spend the credit they have left to gamble in this space, especially when there isn't a lot
of avenues and it's very sweaty here with a lot of people that are locked in on their computers,
do this for a full time as someone that's a passerby, someone that isn't completely locked in.
I doubt that they're going to go spend their dollars in the trenches.
They rather go to the casino and bet on Blackjack.
So that's a little bit just why I feel like retail hasn't showed up.
Well, it's because the stuff that doesn't require, let's just say, money isn't necessarily sexy and it doesn't yield an immediate return.
Right. I mean, there's no way. I mean, there is. Right. Ultimately, that's one of the beauties of crypto, but very few scenarios, right? Can you
have absolutely no money and you automatically come into money, right? It typically, it's a,
it takes money to make money kind of thing, right? Even if it is buying a mint for 0.01,
shit, even if it's quote unquote free, it's still not free, right? You still need three four bucks inside your wallet and have some type of ability
to participate and so I think that that's the the ultimate like
Understanding that that moat does exist
but also
That I would rather pay that moat and see it as an ante to come in and just not blow all my money
Right if I have 20 bucks and it costs an ante to come in and just not blow all my money, right? If I have
20 bucks and it costs $5 to get into the casino every day, right? I mean, you can go pay five and
put 15 on a machine, or you can pay $5 for four days and see what the casino has to offer and
what opportunities on the inside, right? I mean, once you've already paid, you're inside. You have
the chance to actually win. If you don't, you don don't and so i think that that's also too it's like there's airdrop farming
that's free right you can go and you can participate like a noma was a game all these
different ones that some of these are not actual money because they're test net right they just
want you to go and participate and enjoy yourself as a paid test subject, right?
Because before in Web 2, they have to pay for that kind of stuff.
And in Web 3, they quote-unquote pay slash reward you with Chuck E. Cheese bucks, right?
Sometimes they're good and they're worth a big prize.
Other times it's just Chuck E. Cheese bucks, you know, and you're just stuck with the token for the protocol.
with the token for the protocol.
Yep. Couldn't say it better.
Couldn't say it better.
I think ultimately what I've discussed yesterday
was if I was someone coming off the streets,
I'd rather create a coin and make money off of it
than actually buy a coin and make money off of it.
It's like, that's easier money.
And that's what you kind of seen
with the creator coins recently,
which I dropped off of a cliff in general.
It's getting oversaturated.
Everybody's dropping a coin. But if I was someone new, I was like, okay, coins recently which have dropped off a cliff in general it's getting oversaturated everybody's
dropping a coin but if i was someone new i was like okay i think i'm just gonna launch a fucking
coin and make money off the revenue of that coin and trading volume then actually buy a coin so
we're starting to get into it's actually more profitable to launch things than actually buy
things but i feel like with that people still have edges and there's still a a me versus you and it's not
weighted against either of us right like if you and i both decide to go into the trenches
then one not is it pvp versus each other but it's ultimately well who's in your corner what's your
network how are you getting your plays what tools do you have access to what's your network? How are you getting your plays? What tools do you have access to?
What is your edge?
Versus if you and I both come up and we're new to crypto and we say, hey, we want to try out crypto, we're both going to make a stream.
I mean, dude, if I'm funnier than you, then that's just, I mean, how can you get mad or hate at that?
You know, I'm just funnier than you.
You're going to have to do different content and that's it.
Like there's no real person to kind of fucking grab your fist and be
angry at you know versus you go us going into the trenches together my success
isn't necessarily only dependent on me right if I have a bigger network than you
then ultimately I have a better chance of succeeding than you do and that's
just the way of the let like the lay of the land
versus in the creator world if you're a better content creator if you're funnier if you are
original whatever it may be like you get a chance to actually shine through without needing a network
or any of that right and i see like there's people that are looking for that i saw jay talking about
it i know that allison's been going through and trying to find content creators that are doing something unique or funny or engaging.
And it's, I mean, that's what you got to look for, right?
It's the different shit.
Like the dudes that are standing up being lamps, I mean, it sounds dumb as shit.
But you're like, yo, how long are these guys going to stand on top of that nightstand and pretend to be a lamp?
Right?
Like it's somewhat unique and funny and so you're like okay I'll check
it out or I'll throw five bucks and so you have that like differentiator versus
them both of them coming into the trenches and it's once again it's about
who you know and ultimately the size of your bag can you afford to keep sitting down at the table paying the ante
and losing every hand and just wait until you're dealt blackjack yeah it's a new like that's the
biggest difference here you know it kind of seems like as a new participant you're in more control
of it than actually relying on like oh this person bought this token and that's why i'm bullish or
this meme is funny on tiktok that's why I'm bullish. Or this meme is funny on TikTok, that's why I'm bullish.
Feels like if someone new, feels like if you are consistent and you're funny and you're unique,
you're in more control of what happens in this space than you would be if you put that money
or your last dollar into a meme coin because someone else told you to.
So I think the one thing that I'm kind of concerned about with the creator coins
is a lot
of the new people um are extracting they're like not taking it and putting it back into the ecosystem
so like these creator fees are just going out of the ecosystem and it's less and less money that's
flowing back into the ecosystem and uh well it's like i mean it's literally you funding someone's
lifestyle i mean i don't try to break it down like that, but to the ultimately as like, when
I go through risk management in my, my brain and it's, I'm allocating some funds, I'm like,
Hey, okay, cool.
What, like, what am I doing with these funds?
Is there a chance that what I'm in quote unquote investing in or putting the money in,
is that going to return to me either in connections and handshakes and opportunity in direct monetary gain? A lot of this stuff, bro. I mean, I've been
talking about this a lot. Like me buying the chick sucking her foot's coin does absolutely nothing
for no one besides put money into the chick sucking her foot's pocket right i mean
it's literally that's all that's going on on there and she walks out or it goes money into
the pocket of other people that invested on her and it's i mean it's just greater fool's theory
a hundred percent it kind of seems like the people that have been doing this their coins
don't do shit anymore i was looking at eddie's coins he you know he's a notable person
in the space he's at 40k i saw someone wrote about that bro i wish i had saved the article they were
just saying that you can tell that the size of the like it's the reverse right it's the the bubble
reverse like we need these new creators rather than these new creators need and want us that's why the us that have coins
don't go or blow up during this meta because it's actually not about the content the creator
and the coin it's about the novelty of the people coming in yeah yeah it's about the opportunity
to say oh guess who's streaming?
Because, yeah, I mean, you're right.
If you're going to go this creator coin meta, I mean, regardless of all the dumb shit Razmer said, I mean, it would be Razmer.
It would be Eddie, right?
It would be Trev.
It would be these people that have, quote, unquote, creator coins before they were creator coins were doing dumb shit and using themselves as the product.
Because ultimately, that's what you do right you come down to going and trading a product to becoming the product that other people are now like you're commoditizing yourself yeah and it seems like the newer people are like even like
the new people like og launched a coin um mika launched a coin last night um there's other people
like george from cryptos rs launched a coin and it kind of seems
like the top market cap for a lot of this stuff as it settles is right around 300k for this stuff
right now and so like if you're not unique and you're just someone that is just oh this is the
flash in the pan this is the the launch of the day kind of seems like if you get to around 500
600k that seems like it's the top and then your
coin kind of bot keeps bleeding until the system is designed like that right i think that you earn
a higher percentage when it's at a lower market cap i think everything up to 100 800k and then
once it goes into this next threshold your percentage back is like it goes from like fucking getting like let's just
say six percent uh to like point one you know it's a big drop off which i don't know dude it
could be in a sense somewhat healthy because i mean that allows you to log the fuck off
right i mean like if i log off and it drops again and then tomorrow i log back on cool we get to farm and I make money while I'm on versus it just continue to go on forever.
And then when I log on tomorrow, I don't make anything.
Right?
Like it disincentives.
I mean, not to say that the roller coaster is good, but the roller coaster is natural.
Right?
Like, yo, homie was online.
Clearly, he got off.
There was uncertainty.
Oh, he's back.
He's doing this and this and this and this
again so the chart should move up and down as if a creator's there and the fee should are tips
like yo this is cool homies doing whatever you know i don't know that's kind of how i see it
that's what volume should be there is when someone's online not just dry ass volume in general
well it kind of reminds me of where we were probably january february where we had this ai meta and we had people launching tech products and they would get the typical influencers to drop
a space because that would pump the coin and then the coin would pump during the space and then after
the space ended it would dump we're just doing it with like video instead of ai we're just like
investing in content creators instead of tech and it it's kind of like very, very similar to that,
which, I mean, it brought a lot of people into the space,
but ultimately it was kind of got,
the more and more people launched stuff,
the liquidity got spread out more and more
and people were hyper-rotational going into the next thing.
And then obviously you see what happens
when they turn off the camera,
people just, oh, Mika just launched a coin.
Well, this person's camera's off and it's dropping.
I'm just going to rotate into the next coin.
So, I mean, yesterday, fucking PumpFun paid out a record 4 million creator fees.
It's actually insane.
And like, obviously, some of these creators are actually going to break out.
out and I saw this from AIXBT he says pump fund creator tokens die at 40 million market cap
And I saw this from AIXBT.
because creators extract 90 9600 daily through platform fees bag work had 42 million then dropped
78 percent kind touch 48 million and crashed 65 percent mathematical extraction ceiling so
I don't know if that's you know going to line up every time as more and more kind of,
because those were the kind of the first movers, maybe it lowers to like 30 and then 24, but there
is like a point of where these people are making too much money and it's getting too frothy and
there's new exciting things and people are taking their profit, just like an airdrop, right? When
you get free money, there has to be a distribution phase where the people that made 1,000X
take their profit and it goes into stronger hands.
Same with even the meme coins that go up berserk in one day
that take two to three days for people to take profit
and then it continues to go up.
So I do think, you know,
there are going to be some winners here,
but there is like a max point of where these coins hit
and they don't return back to those all times ever again.
And I don't know, man.
It's interesting.
I mean, it's definitely a meta, right?
Like, I think this is kind of we had Frientech.
And Frientech was basically Web3 native people launching curated rooms in their keys, right?
And that meta lasted like two to three months.
I feel like this is more not about Web3 native people.
It's about new people coming into the space
and actually what their network is.
I don't think there's a lot of motion
with the new people or the old people,
the OGs in this space to actually have their coins pump
higher than what Bagwork did.
I can't see, like Alex Becker pumped the 12 and then dropped the did like i don't i can't see like alex
becker pumped the 12 and then dropped the three i don't think there's anybody in this space
currently right now that is going to break what bad work and kindness did like at 48 million like
it's gonna have to come from somebody outside the space it's gonna have to come from like an
aiden ross or a new celebrity coming into the space to get that excitement and bring new liquidity
and new people. Was that really Johnny Sins
yesterday? That's what Tyler said.
And then they had a page. I looked at the page
it says Buy Sins.
It seems like the ones that are breaking
over 300k are people
that actually have big followings
outside of Twitter.
I saw one guy that he was doing like a charity one.
His wife had 1.2 million followers on TikTok.
He had 500K on Instagram.
And so these people are seeing this and they're coming
and they're bringing their fans in to buy their tokens
because that's the kind of connection
those people have with their audience.
I don't see anybody here that has that kind of connection
with the audience where they're not going to move on to the next opportunity. And that's what we're
talking about, stickiness. These people coming outside of the space have a stickiness already
with the creator and they're not hyper-rotational like we are. I think the only person I could see
that could possibly launch a coin that would go berserk would possibly be ThreadGuy. ThreadGuy
has a pretty big following of people that believe in him, that want go berserk, but possibly be ThreadGuy. ThreadGuy has a pretty
big following of people that believe in him, that want attachment to him, that want to work with him.
And I think that maybe his coin could break kindness. But out of him, I don't see anybody
in this space that would bring in new people and new attention. And so I feel like this meta is
more curated to the people coming into the space than the people that are in the space.
And I think those are the opportunities.
And like I said, I think the good thing about this is there's new people coming into the space and there's only one coin.
You can't get PVP'd.
But the bad thing about this is that those new people coming into space don't believe in the space and they're taking the money out of the space and not recycling it back into the ecosystem.
So, yeah, yeah. I i mean i do think there's
gonna be a trump-like moment here um with these creator coins i do think there will be a big entity
coming launching a space or launching a live stream that is gonna go berserk and i don't know
who it's gonna be i don't know if it's mr beast i don't know if it's aiden ross i don't know if
it's lacy i don't know it's i show speed But there's gonna be someone huge outside the space that launches this to the fuck around
But money can't be the only motive right and those people aren't necessarily motivated by money and everyone that's been on pump fun is
Right. I mean those people like I said most of these people have actual managers and contract deals and get paid
You know or try to get poached damn near on the daily, bro
And so that's why i think
that like money can't be the only selling factor for that because the actual web 2 people with
motion they don't care you know yeah you're right you're right i mean i mean look at these are web
3 native people alex becker extracted 300k polytext 295k this is this is This is not going to be the... These people aren't going to be the records, people.
Like 300K extraction, this is going to be more like a million, two million.
I feel like this is all success stories of Web3 people,
and this is the top of what they can do.
I feel like we're going to see top turn earners on PumpFun live streams
be in the millions to two millions in two to three days,
and who are those people going to be? so like you could sit on live stream i don't even know like
is there a way to track this stuff other than pump fun to like see who's launching coins instantly
because there is money to be made off this stuff especially if it's new participants coming into
the space i mean it might not be you know you know millions, but you can get in at 50, 60, 100 K.
These things are running to 300 K, 400 K.
OK, so how do you explain to a content creator the aspect of a coin and why someone else, their fans would buy the coin and what their fans would then do with the coin?
Yeah. Yeah. I mean, this is something that pump fun is
gonna have to fix in my opinion you know like like that's seriously like my question it's like okay
cool i i walk up and i i mean shit mr beast is fucking down his first question to me is well
so my fans have to or people have to buy the coin for me to make money and you're like well yeah
he's like okay cool cool what do they do with the coin well they sell it higher and you're like yeah yeah what and he's like yeah they just gotta sell it
higher and if they don't well then they sell it lower and lose money you know like that's just my
i guess the next the follow-up question is well why i just can't stream and get paid and you're
like yeah you can but people have to buy
the token but why i mean it's basically in the creator's hands right now where they have to
bring attention through uh content and then that obviously we know how meme coins work the more
attention something gets like just like how we saw bad work they went viral because they i mean
they were the first movers um but they also
alon pumped them and then you know they released the drake song and they went viral and that's why
their quinn went to 40 million and so this is up to the creators to create engaging content to get
their coin pumped but i think that's where pump fun needs to actually bring some kind of utility
aspect to the stream like i mentioned yesterday there needs to be more than just an attention flywheel
for new people to come in and say,
okay, what's the utility?
What do I get from this?
And that's why I was mentioning,
like how you could possibly,
the more tokens you hold,
you get a certain badge inside the live stream.
You can possibly request up and come on stage
if you have a certain amount,
your color of your name changes.
There has to be something that benefits people actually buying these coins
to actually for them to hold it.
And so I think right now it's up to the creator to create a tension flywheel.
But I think PumpFun can help these creators with adding some kind of accessibility
that you see on these other platforms.
I mean, even bitch ass fucking Trump with his coin added
some dumbass utility of a dinner
because he knew damn well
he couldn't just sell dry-ass vaporware
to people, you know?
Remember TikTok? Remember Yum Yum So Good Girl?
Yeah.
You know how they have those overlays that go
on top of the creator?
Yeah, like the games and emojis and all that stuff yeah then
what happens if they enable that on live stream where you can use that coin to buy like personalized
emojis that you could put on the crater and shit like that drives that creates a sink for it and
then maybe that gets that those tokens get burned. But I think PumpFun needs to help the
creators and, you know, create ways for these tokens to be useful. I think that's where we're
going to go. Like obviously with NFTs, when they first launch, it's art. It's a community. It's this
and that. And then over time, people realized that wasn't enough. And then people started creating
utility. Oh, you stake this, this gets you this. And so we're like in that phase of where people are realizing
there needs to be more to these creator coins to create stickiness
than just, oh, it's a community coin or this is this or this is that.
So I feel like PumpFun, as they continue to do this,
are going to create more utility for these coins to be enabled
and used as utility coins for inside the live streams.
And I think that's something that will help new people create stickiness and so there's not hyper rotation. But I don't even
know if that's enough for Web3 people. That might be enough for people like, say, Aiden Ross launched
one or the Yum Yum So Good Girl launched a live stream. Maybe her fans would enjoy that more than
we would. I don't think there's anything that would satisfy any of us that we've seen that would create stickiness within these coins.
That's why I think that this is more about new people coming in, bushy tail, bright eye, saying, oh, there's merch.
That's exciting.
Oh, there's staking.
I can get an emoji.
That's exciting to us.
We're so jaded and we've seen all this stuff.
We're like, yeah, go fuck.
Yeah, fuck off, bro.
Like, great.
I mean, I talk about this all the time, bro. It's the the seagulls, right?
I mean you burn 50% of the supply and they're like cool
What do you what are you burning the rest of the 50 and you're like?
Yeah, you're like, well, how does anybody survive you're like, I don't know but you need to make my $10 20 right now
So you should burn like 45 of that.
I think it'll be good.
Yup. Yup.
So I don't think anything here will satisfy us,
but I think this is more about the new people coming in.
What satisfies them?
What do they, you know,
pattern match from other live streams that they've been on,
like on Tik TOK and Twitch and kick that can be integrated in pump fun.
But that's a little on the creator content meta.
Also, I saw the doga is
basically relieving like binance um we've already seen kind of the the move towards allowing u.s
citizens to use overseas exchanges it looks like there's going to be easing of restrictions for
binance and i also saw zz cz basically add Binance back to his banner yesterday.
That Binance test token, I don't remember if you remember that when there was a Binance season probably earlier this year.
But that shit, as soon as ZZ put Binance into his banner, that test token went from like $12 million up to $64 million. So it looks like this
token is the CZ speculation of him coming back to Binance token, which I don't even think that he
can actually do anything with Binance due to his plea deal. Even though through Binance talks with
the DOJ ends a three-year compliance monitor requirement,
sees he remains permanently barred from managing or operating Binance in any executive capacity due to his 2023 plea agreement.
This means he cannot return as CEO or hold any day-to-day leadership roles.
However, he could potentially re-engage with the Binance in a non-executive advisory or board role that complies with these legal restrictions, maintaining influence without breaching the terms of settlement.
The negotiation with the DOJ don't move these fundamental reactions on his role.
So a lot of people are speculating he's coming back to Binance.
He's coming back to Binance.
He put Binance back into his banner.
But, I mean, he can't actually be part of binance other than like a board member so i
don't know how much of him announcing that is actually going to move any of these tokens i
think that token is back down to 41 million after it pumped to 64. but uh if you are speculating on
the cz return um it looks like that test tokens the avenue to do so so i've been rehapping a lot you pin some
shit up go ahead it's all this give me i just pinned up a mint that's going to be available
later on today uh they won uh the hackathon right which is a pretty big deal uh for solana
and then i got that pinned up to the top for anybody that'd like to participate
with the craze going around, the trading card games, etc.
They're kind of taking advantage of that, capitalizing on it.
And so, Gib Meme is what it's called, right?
This is just proof that they won the hackathon.
The launch is today at 1 p.m eastern so that means
that it's at noon right right when the show's uh gonna end this will be going live it's 5 000 cards
each pack is five dollars so i'm gonna post the link uh about it right? The information for you guys to check out. You can see some of the
artwork inside, some of the cards. It has a mix of some established Solana artists.
They contributed to making the cards. They are kind of meme coin based, et cetera. So
more or less a on-chain trading card game that'll be going live so soon as the show's over 25 minutes
from now if you guys want to participate make sure you guys got a little bit of soul
and uh click that link and just have noties on for the link that comes after okay isn't the uh
jack isn't the jack butcher thing that's just done it was in seconds how was it
how was it i mean it was a 500 second mint and it was minted all out within like 200 seconds
and the funny thing is is that they did a really decent job at anti-bot like changing the contract
uh tricking the module because these things have to be made morning of
and only the og bot hit bro which is dope i mean like i mean like og og which is mintech right
which is what most of these are all forks of but all the smaller ones they managed to to get duped
and the anti-bot and stuff like that so only motherf motherfuckers running Mintek. I mean, it doesn't really mean much, like,
just in talking like this, but it does,
like, to where you know that they
were trying to at least do anti-bot. Sitting
at, uh, 0.8
ETH, and, I mean, was selling for 0.8
ETH, like, water, and
then now, I think, let me pull it up,
um, should be over in
ETH, but we'll see.
Uh, it was an art blocks, man. It was pretty cool.
Did you see the concept of it with
the plane?
Yeah, so the later your token number,
the closer to 500, the more
damage your piece showed. The early
tokens had less damage
and almost safe. Prices
increase as the token numbers increase, so
later, more damage prices cost more.
Collectors choose which token they want because early undamaged ones are cheaper and safer.
There's expected to be competition, guesswork, over those.
The behavior of collectors becomes part of the price piece.
So, interesting.
I wonder who got the cheapest one and who's up the most like roi like could
someone be able to get this for like a dollar but had to pay like crazy gas in general or like
you think one person are you looking at the page like is there one person that holds a majority of
these because they they bought it it yeah one guy hit 50 jeez and that he ate Yeah, but I mean like I said that was literally that was one the only one that really
Like hit and and went off like that, you know, everybody else got issues really quick
What's this shit called? Kumoro Ruru
Ruru. It was minting on Mintify earlier. Mintify just was not working and now has slowly
It was minting on mintify earlier
filled or fixed itself. You guys can go mint. I'll post that up to the top. It is in first
come first serve. See if you can connect. connect i mean they fixed the wallet connect part but
i mean sometimes you're still getting insufficient funds when you do have the funds
i don't know y'all can go check it out it is live on mintify right now it is on first
come first serve it's at 65 uh it's 0.00th. So, and it's on base.
Lovely.
Lovely.
Yeah, we love when Mintify crashes during big mints,
which may be bullish signal.
I mean, did you kind of see the rumors that the...
I guess it's not a rumor.
I guess it's confirmed that Adam of OpenSea basically says
there's going to be multiple stages of these rewards,
these reward things that's going on, rewards chest tiers and shit.
So people are expecting like, this is supposed to end in 30 days.
And then they said, well, we're going to have a TGE announcement in early October.
And people kind of assumed that that was going to be the only one.
But Adam yesterday in the Discord says there will be more than one season of this final pre-tg
phase of rewards meaning once you open your chest you get your prizes you'll receive a new starter
chest so yeah maybe this is going to be milked for the end of the year or maybe in the 2026
oh man dude i wonder if there's a prediction market where we could go and bet on like when for the end of the year or maybe in the 2026. Oh man, dude.
I wonder if there's a prediction market
where we could go and bet on like
when this TGE is gonna happen.
Cause I think you were suggesting earlier this month
that you think it's gonna be sometime in 2026.
And I kind of felt like this is kind of getting
to the end phases of it.
And then we saw this, I'm like, okay,
it's gonna be this year.
And then now it looks like there's gonna be multiple
30 day experiences. So if this one's in, you know, October 15th it's going to be this year and then now it looks like there's going to be multiple 30-day
experiences so if this one's in you know october 15th and there's a new one i would imagine it'd be the same amount of time and that one's going to end at november 15th and so we'll be there
multiple ones will there be another one that ends at december 15th and then at the end of the year
maybe they have the tge sometime around christmas so I don't know. If there's multiple phases in these last 30 days, the earliest that you could see it,
if there's only two, is at the end of November.
So it might even leak into next year.
So I don't know.
I think it would be beneficial to keep farming this, especially when it says it's final part
of TGE.
There's a lot of people that didn't actually do the XP.
So if you've done the XP, you're over over 3k on XP I think you did pretty good and if you continue to open these chests and
keep moving forward by doing the daily voyages I think that you're going to have a nice little
multiplier on top of whatever you get historically and what you did farming beforehand so I would
continue at it I mean I'm not going to go sweep 100K of NTS. I'll just do the voyages and wherever it leads me to with the chests, I'll get it that far.
I mean, I just did voyages the past two days.
And I'm already on to the second chest with almost completed.
So I'm not saying I'm going to get all of them.
But I think if you just do the daily requirements, I think that would be enough for you to get a nice little airdrop multiplier, in my opinion.
So what do you think, Chief?
Do you think this comes out before the end of the year, or this is something that's going to leak into next year?
Kind of seems to feel like it's going to leak.
No, I still think it's going to go into next year.
It's just going to β I mean, it's going to be a lot less people.
It's going to be a tension once again.
I mean, this was the boom, and then now people are going to fall off and quit farming and stuff. So. Yup. Yup. Yup. What up, Sam? What's up,
brother? How we doing? I just wanted to come up and say, what's up guys? You know what I'm saying?
Y'all talking to each other. So I just wanted to give y'all a breather. Um, I'm just chilling,
man. It's hanging out out enjoy idea i'm enjoying
retirement um just positioning myself in certain you know positions while i can you know what i'm
saying you know just listening to you guys doing a little research playing about here
i enjoying polymarket appreciate it no problem brother yeah polymarket's fun
I appreciate it.
No problem, brother.
Yeah, Polymarket's fun.
Hopefully they do a coin instead of an IPO, but we'll see, dude.
We will fucking see.
I think I hit two out of the three bets on football this past weekend.
I lost the Atlanta versus Vikings game.
Who would have known that J.J. McCarthy sucked that much?
But I picked the Eagles over the Chiefs.
Man, he's got to be a better.
And what else did I do?
I did the New England Patriots over the Miami Dolphins.
So I was telling my, I went over to my dad's house
and a bunch of his friends were there.
And actually one of his friend's wives
actually works at MasterCard.
And I started talking about prediction markets.
And she's like, I worked for the division
that's called SEND, which is basically
where MasterCard is trying
to integrate crypto onto their credit cards and shit.
And she was telling me about how she's getting a bunch of memos on prediction markets and
they have to learn about it because it's going to be offered using credit cards through MasterCard
soon.
So yeah, it's like the more and more I talk about prediction markets, even to high level people that work at MasterCard, they're even talking about prediction markets. So I do think it's definitely something that you're going to start being able to not just pay in crypto, you're gonna be able to use your credit card, you're gonna use stable coins. She was even talking about stable coins. She's like, I'm super behind on this stuff. And she was asking me questions. And she works at fucking MasterCard and is getting this stuff integrated into kind of their payment rails for their credit cards and shit. So definitely interesting.
It's definitely interesting. Yeah. Yeah. I did good on the Buccaneers game and I,
but I did come up on the Crawford and everybody didn't think Crawford was going to win.
I went with Crawford because like I said, I follow boxing, so I did pretty good on that.
I didn't go all the way in, but I did well enough to be happy.
Yeah, you don't have to bet that much.
Bet $20.
Don't waste your life away.
But it's fun, dude.
Definitely get excited about FOMC meetings, iPhone releases.
Just having a little skit in the game always makes things funner.
And so that's why people got into sports betting in the first place.
Like, oh, I'm watching all these fucking players.
I want to put some money on it and make it interesting.
So that is something that's going on.
Obviously, prediction markets, RWAs, all that kind of shit people are talking about.
I saw that.
I think Collector Crypt yesterday hit an all-time high
with 250 gacha packs sold yeah it was going crazy people were pulling like crazy bro
so i think that cards token has taken a big hit dude like it's down well i mean once again
what's the point of buying the token you can You're not fucking spinning the gacha with the token, right?
I mean, it's not like just because I'm a cards whale, the gacha is now 100%.
Like, you know, $100 cheaper, $10, whatever.
So we look at it.
Oh, we're going to bet on the platform, the underlying this.
I want to be an investor.
Bro, the average person looks at it and goes, 250 gatchapon spend.
I got a little extra money this week.
Yeah, fuck it.
We'll do a 250 gatchapon spend.
Or $50 one, $25 one.
Yeah, I like gatcha.
And they'll go try it out, right?
They're not, oh, how do I invest into this company
and figure out how to be here for the...
Bro, they came to the
website for some cards you think they're gonna leave without some cards you know it's a simple
shit we just complicate a lot of this stuff and we try to add just the financialization of it all
and once again it's the simple shit they're just here for some cards bro yeah i was kind of maybe
thinking that the fact that it got the spotlight and the attention from everybody like two or three weeks ago, obviously the attention moves to the next thing.
I'm wondering if this fundamental data actually is kind of like a buying opportunity, because typically this stuff, if it continues to show that it's generating revenue and it's popular, the token will eventually catch up to actually what the market is mispricing,
which is actually this is a protocol people are using.
And I mean, what stops them from start buying back their token and buying like all these other generated revenue companies?
I know they also have to buy cards, but like just a kind of a fee switch or them changing the tokenomics a little bit based off them making so much money,
they could pump the token. So I didn't know if this was like the fact that no one's talking about it it kind of the
spotlight moved the content creator coins it's continuing to have all-time highs and showing
that they actually are fundamentally a product that people are using and typically price will
catch up to that right so I don't know if that's maybe something you thought um well no because at
the end of the day it's like what is the what do you need to what do they care for the token for
well it's an attention right it's like okay but they get all of their revenue from people buying
and selling and taking losses on on cards yeah yeah the token makes absolutely no difference to
them you know oh well i evaluate you lower because your token market cap is lower okay
well i did the most volume in today so you can evaluate me at whatever you'd like sir
uh i've you know i don't know that's just kind of how i see it's like we're complicating it in
my opinion adding the token element rather than uh what it comes down to is are they trying to
cater to you and i are they catering to know, hopefully what they think is adoption and, you know, the masses for this shit?
Yeah, I don't know if this is so much attached to just cards in general or just the meta itself heating up, right?
Like, this is a way to speculate on this whole thing actually happening.
And, like, obviously, when people start posting charts and this starts going viral, like this company created this much revenue, can you believe it?
Obviously, people are going to use that attention to speculate on the token.
And something that actually did more research over the weekend was this is starting to heat up.
Like when we talked about actually the companies and stuff launching it, PSA is launching, basically doing the same thing.
I don't know if you've seen that, but you know how you mentioned that you have to send these cards
in the PSA to get graded?
PSA is actually offering people 90% buybacks
to buy the card as you send it in the PSA.
Yeah, and they're also offering
cheaper rates to grade
and for them to sell it for you.
That's why I told you,
that's my biggest fear out of all of this
is that manipulation in that sense.
Well, don't you think of this becoming a bigger thing that actually the big card companies are basically doing what courtyards doing?
that
This is becoming bigger than just a web 3 thing and this is becoming something that all card companies gonna do and like
How do you you go buy?
PSA stock. I mean, I don't know man
Like I'm starting to see all these card companies doing basically what we're doing here on their own rails.
But it's not just PSA. It's not just cards, right? I mean, Rolex, same thing.
They realize that all these fucking authorized dealers are sitting here backdooring Daytonas and that the secondary market for their watches are way fucking higher. So now you can go get a certified Rolex.
So instead of going to the Rolex store and buying a new one,
Rolex will actually sell you a used Rolex.
So now what?
Now you go to the same store,
and they're incentivized to grab the watch
and say, well, secondary price for this watch is $10,000 more.
Oh, well, it's no longer a brand new watch.
It's a used watch.
We're going to sell it as a used one today.
You know, it's just, it starts to get murky
when you have the supplier be also the one
that's benefits from the sales,
especially across both avenues in that sense.
So, yeah, it's not just PSA.
It's not double dipping.
It's everyone is starting to double dip
and they're like, yo, reselling is getting this big.
Motherfuckers are making this much money just selling our stuff.
Well, shit, then let's get into the same business.
I'll see if these guys are public PSA in general, because I really feel like the people that are going to be the winners here are the people that have the supply.
And typically, like you mentioned people
that want to get a psa graded are looking to flip it right like you can just keep it in your house
in a sleeve and you could be a collector but typically when you want to go get that psa grade
you're looking for the top quality grade person so you can get the biggest return on your flip
yes you know it's a combination of that and also like you know preservation and
all that bullshit but then it's like i keep slabs because whenever if i ever want to a slab is a
little bit more liquid it commands like a price like there is no speculation right on a raw card
you're betting on speculation and market on a slab it's only the market like yo a nine costs 500 bucks there is no
is it maybe a 10 how is the guy you know i'm gonna resubmit it no there's none of that there's this
is a nine and uh that's what it is so i think that that's an interesting part too yeah there's people
that try to go and i'm gonna crack a nine and hopefully resub for a 10 but that's just not
common you know like a nine fetches a nine price and that's it versus a raw card or that's why you even see packs sealed packs
fetch even higher premium because of what could be inside so it's like you get that to where that
uncertainty the speculation is what everybody wants bro yeah i just say like um i would say
there's a there's a vast majority of people that want to get their cards graded by PSA and are looking to flip it.
Yeah, just flip. Yeah, yeah, yeah.
So the fact that PSA is basically eliminating the step and say, well, you're going to flip this anyways.
We're going to give you 90% fair value on this card.
Just send it to us and we'll just vault it or we'll put a PSA on it and we'll sell it.
And that ultimately,
the fact that everybody goes to PSA to get graded,
that makes them the feeder
and everybody's sending their cards from them
in which a majority of those people
are just gonna take the 90% fair value offer
because they're gonna flip it anyway.
So it's just like eliminating them going to the car dealer
and all that other shit.
So I think that PSA is going to gobble up
a lot of the supply of these cards.
Well, it is because, I mean, on eBay, you pay, like, I think it's 10% or 11%.
Then you still pay taxes.
And, like, I mean, you got to clear decent margins if you're doing eBay, you know?
And then you ship it.
And it's like, yeah, they pay for shipping.
Yeah, they pay for shipping the label.
But, I mean, where the fuck are you going to ship it in?
What?
Fucking nothing?
No, you need bubble wrap.
You need this.
You need a bubble mailer.
You know what I'm saying?
It's a lot more than just, oh, they paid for shipping.
Yeah, and I think where it comes down to cards in general is obviously the gotcha is over time isn't profitable right it's basically
like raffle tickets a little bit well that's something that we like because most people that
play and like cards and even that enjoy ripping packs look and like gotcha they'll say that gotcha
is degenerate yeah i mean so i think that actually I've heard the Courtyard, the Courtyard CEO talk recently where they have a bunch of algorithms and people actually scouring the markets to find arbitrages and like performance indicators on cards going up.
ago on the top five NFL cards that they're going to go up. So I actually think possibly
the more profitable thing would be trying to scour the internet for actually, do you think
the value of this card is going to go up? Obviously, Pokemon cards and stuff that you don't have the
human factor of it, of that player getting hurt or that player getting the DWI or going into
some kind of lawsuit
where the token or the card was dropped where I feel like that's the opportunity I feel like a lot
of these cards uh Pokemon cards are pretty much priced in to where they're going to be I think
actually the price to make money off this is actually betting on the volatile cards that
actually have the human factor in it. And like getting, you know,
like if you think like a rookie is going to be the rookie of the year, you could buy their card,
you know, in the beginning of the year. And if they win rookie of the year, you would imagine
that that card goes up in price. So I actually think the more profitable thing for trading cards
is actually find inefficiency in the market, like we would do with collections,
NFT collections, and say, no, this person's going to have a good year, the card will go up in price over time. So I think that is something that I think is a little
bit more interesting than just ripping gotcha packs, hoping to hit like a Charizard, is actually
going into the ecosystem and actually finding underpriced cards based off you thinking the
performance of that player is going to be better in 12 months than it's not.
So you see that a lot, like just in general, like people do that in general with just Pokemon cards.
But I feel like that is where the money is possibly getting made.
Like that story that I retweeted about that guy that bought all the cloth versions of the LeBrons back in 2020. And he previously
profited 400K from buying all that stuff because getting the swatches of the jersey wasn't popular
back in 2020. And then LeBron basically became the goat of the decade. And now his value, I think
he spent 80K. He sold that collection for 400K. I think he only spent, like I said, 80K buying this collection.
And basically he converted that profit, bought a house, but he spent 80K of that profit and
bought a bunch of Daniel Jones cards, which Daniel Jones, if you don't know, was basically
casted off by the New York Giants and was signed by the Colts this offseason.
In the past two weeks, the Colts have been the surprise of the year because of Daniel Jones. So I was like, what does this guy fucking know? And so the fact that he
bought all those as he got fired or got cut from the Giants, he basically bought that at a market
sentiment low on the player. And now that Daniel Jones is basically the like comeback player of
the year, and it's going to take the Indianapolis Colts to the playoffs. Yeah, but the thing about
sports cards, like, I mean, dude, but if that dude, what if he tours his ACL and he's going to take the neapolis colts to the playoff yeah but the thing about sports cards like i mean dude but if that dude what if he tours his acl and he's out forever obviously that is the that
is the risk and that's where the volatility uh comes in right like obviously you play the sentiment
right and the fact that this guy was casted off no one wanted him his card dropped but now that
he's having could be the comeback player of the year and no one expected you would imagine that
his card would be more expensive than it was whenever he got casted off by the giant but that's
where physicals become an issue right because on digital you can go on openc accept offers and dump
instantly and physicals if i had 10 of these guys cards i couldn't move 10 of these guys cards if
he tells it towards his acl it's over i'm i'm cooked you can buy the digital version right yeah no i get you but that's now but in general you're more or
less cooked bro for an average like investor if they're doing sports card if that happens there's
no way they can offload 10 slabs the day he he tears his acl or the day he gets removed from the
team you know?
Oh, yeah, yeah, yeah.
Obviously, any kind of sudden hit during the game,
the price of the card's probably going to drop.
But, I mean, a lot of these cards, marketplaces, you know, have instant bids on them and shit.
And so you can go search Daniel Jones on Courtyard,
and there's tons of slabs there ready to buy and ready to sell instantly too.
So it's kind of just a different way that you can not only do this in the NFT world and just pictures, but you can also do it with the cards.
So that was just interesting.
I didn't even know PSA was offering that, dude.
So it's kind of like we talked about it.
I'm like, dude, these people are going to gobble up all the market share because people are trying to flip these cards anyway.
So, I mean, obviously, you're a big collector and you know a little bit more about this than me but uh me doing research this weekend i was like damn psa all these people are basically
you know trying to capture this mind share of this shit so uh yeah man um do you have something you
want to talk about i know that i had one more thing i wanted to talk about before we move on
but i've been kind of yapping so if you have anything you want to talk about go ahead brother
i was on the topic of cards too just fidgetals that they got their own vault right i mean you're starting to see that uh after this boom of the card meta
and gachapon and everybody talking and just not really talking just saying facts right i mean i
was one of the people bringing up hey these people probably don't own any of this none of them are
disclosing their own personal vaults. They're all just saying
PSA vault this, PSA vault that. And over the last, uh, shit week, I've seen every single one of these
kind of fidgetal platforms, uh, come out and post that they, pictures of slabs that they bought,
uh, posted pictures of cases and stuff. know before everyone was just like come spin the
gatcho we got everything and you're like oh okay cool bro um and it's like the ebay store with no
real pictures right and you're like yo well i mean i think some fishy going on and so yeah now
we've seen i think i've seen collector crypt i've seen fidgetals and BZ literally all three come out
this week and post images of I guess stock or pickups and just kind of reassuring people like
hey we got some stuff you know I mean you're not gonna sit there and go through it but at least in
your mind you're like no I've seen them post some stock before right I know that they're not just
randomly bullshitting and I mean so that's that's a little bit of vote of confidence and now you're like no i've seen them post some stock before right i know that they're not just randomly bullshitting and i mean so that's that's a little bit of vote of confidence and now you're
starting to see them uh publish vaults which is the next step of saying okay cool this is where
we're holding all of these cards so yeah it may be a psa vault but this is our sub vault that means
that our cards aren't getting co-mingled with everybody else's right
and that's another thing these cards that are population 100 population 250 there's no way
you fuckers are all pulling them in the same day bro that is mathematically impossible right there's
no way and so that's the kind of stuff that when you go into a smaller vault, you say, oh, you only have one Poncho Pikachu.
So if someone pulls that, then that's it.
It's gone.
There is no more.
There isn't you hold that carrot in front of the stick or anything like that.
So just posted that up there.
This happened a couple hours ago.
And yeah, I would just recommend if you guys are participating in any of these, figure out their process of, hey, if I want to claim a card, what is that like?
Go buy a $5 card and go see what it is to claim it.
It might be $5 in shipping, but see how it comes to you.
See if it comes in a week, in a day or not.
I mean, a $5 card should be on hand, readily available.
hand readily available it shouldn't be something that they even have to source so it's just small
It shouldn't be something that they even have to source.
stuff like that that if you're gonna go and use your own money and participate in these gatchas
just try to set yourself up for the best odds of winning you know yeah i think that we mentioned
that the other week where like the 90 buyback on courtyard is from courtyard so they're they're
they're tempting you to sell back the card because if you you get the physical then they run out of that
card and so what happens like we said what happens when there's a bank run where everybody claims the
cards at once then they don't have the cards and so when you sell it back they just put it back
into another gacha pack and so they just continue using that pokemon pikachu real quick uh if anyone
wants to participate in that gib meme, it is now live.
It went live one minute ago.
It's pinned up to the top.
Gib meme.
It is $5 for the packs.
So go check it out if you're interested.
Yeah, when you sell it in, they just put it back into a gotcha pack.
So that one Charizard that you saw 15 people hit is probably the same Charizard.
So it's like, cool, dude, you got two charizards in the vault but if everybody keeps adding uh accepting that bid that just goes back into the gotcha spin and so when you people claim that
shit that is when you start seeing that that can actually be pulled again and that kind of
eliminates the odds of why people would even do it the first place. But Slow, you've been up here, bro. What's up?
How we doing?
Hey, can you guys hear me all right?
100%. How we doing?
Doing all right.
I meant to jump up a minute ago, so I'm going to backtrack a bit here.
You guys were talking about the OpenSea stuff.
Just wanted to point out, we've talked about that Coinbase One membership has associated OpenZ benefits.
Just make sure if you go down that route that you have to link a self-custody wallet with your
Coinbase account to get benefits. There was some mention of getting chests for it, but also you get a 5% bonus on your experience there.
So once you link a self-custody account and you go to your OpenSea profile for that, you'll see that it says you have a Coinbase One is verified with that account.
And when you start doing those chests and stuff, when you get experience from those chests, you'll get a 5% bonus.
So like, right, there was a 250 chest or something that was like yesterday.
Instead, you get like 260, 2.5 or whatever.
Right.
So something to keep an eye on.
uh something to keep an eye on if you're paying for that membership might as well get some benefits
If you're paying for that membership, might as well get some benefits.
i also posted it in the foundry that there's some other small things that you can get
they are essentially trying to partner that coinbase one account with any base apps and
stuff like that so once you've um verified with the self-custody account you get some like
free base gas up to $10 or something.
But the other one is that you can mint some partnership with Toshi.
Toshi was one of the first Neem coins on base when they launched it in, what was it, 2023 or something?
When they did that kind of like stealth launch.
And somebody made that Toshi coin
and then it took off and it still is on there and it's probably one of the bigger meme coins on
there but that project has done a couple different NFTs and they also did a partnership where you
mint a soulbound token and with that Soulbound token,
not only it also helps with free gas and stuff,
but also they do like a $5,000 that Toshi meme coin drop every month.
I mentioned that I minted it and it gives me a number.
It looks like there's at least 700 or so
that have been minted thus far.
It seems like it's an open mint.
So, you know, 700. If there's like a thousand people that mint that thing by the end of the month and it's a $5,000 drop, you know, everybody's getting like five bucks.
But that Toshi coin, if it does well, because, I don't know, base keeps getting attention and that $5,000 seems to be dropping every month.
I don't know.
Maybe it adds up and you get a nice little slide of change on the side.
So I don't know.
Check it out.
There's some stuff going on.
I was thinking about just the wallet in general.
Obviously, BASE is talking about a network token.
I would think that maybe they would look at wallet transactions and stuff and maybe reward
you in the future.
So the fact that you use it, you get an XP bonus for OpenSea,
plus you're using the wallet that might also affect your base airdrop in the future.
So it kind of seems like a double farm on that aspect.
So I think it's kind of a no-brainer to do that.
Yeah, especially if you already are paying for it.
And again, like they've now, it was more expensive before,
but they broke it out into like three, I think, different levels of membership.
And the basic one's like 50 bucks a year or five bucks a month.
So if you just want to do like a low bet, you could just do a little five dollar a month membership and then try to farm OpenSea for a little bit.
And then, you know, like you said,
that OpenSea thing seems like it's going to fucking go on forever.
So I guess I don't know.
If it looks like it's not going to pay out with the first airdrop,
then just drop the membership or something.
But if you want to take a low gamble, you know, it's Coinbase's chain.
So it would make sense that anything you do related to Coinbase's chain, so it would make sense that anything you do related to Coinbase that can link up to your activity on the base chain, I imagine, is going to be potentially rewarded.
Though at this point, you can have the Coinbase app, you can have the Coinbase wallet, and you can have their now base app, which was originally their smart wallet thing.
They have their now base app, which was originally their smart wallet thing.
So it seems messy at this point, but whatever.
They're doing shit.
Kind of interested in how they, I think they're, you know, obviously Coinbase, or not Coinbase, but OpenSea acquired Rally, and they haven't even launched their wallet yet.
I would imagine that their wallet would have a similar multiplier for using that too in the future like you get a 10 discount for using coinbase wallet i wonder if
like the openc wallet when you connect it and you use it if there is some kind of benefit for the xp
rewards too so it could be something you maybe want to do a smaller um five dollar one just because
i think possibly using the openc one in the future might get you more XP.
I mean, why wouldn't OpenSea incentivize their own wallet to get more XP? So maybe doing a longer
version on the Coinbase one might not be beneficial after the next phase starts. So I think maybe the
$5 one and just use it for this phase would be the best one until that open seat wallet gets integrated into, um, the platform. So yeah,
that's a good bet. That's a good bet. That's a good bet. Well, yeah. Um,
appreciate you coming up. So giving us the alpha on that. Um,
I think there's the last two things I had was a dare markets.
We were speculating on what they were going to do with their market.
And they basically, um,
launched a bounty or nick to launch a creator
coin yesterday 25k and so i feel like this is the beginning of it i did kind of mention how
this would be bounties i make dare you to do stuff in real life i'll give you 25k if you throw a green
dildo on the field uh video court it shows that us that you did it, and then make sure that it's on live TV, I think this is the start of it.
And then you're going to start seeing some crazy shit happen.
I think just this is more controlled.
You can pretty much manage this on chain.
If Nick does it, then you can pretty much give him the $25K.
But I think they'll open up more and more markets where this will go into IRL where you basically have to go viral.
up more and more markets where this will go into IRL where you basically have to go viral.
And then obviously people are like, why did someone throw a mannequin leg on the field?
Well, it's tied to this online group called Dare Market. Crypto Bros did this and then that
exposure by the news and IRL gives people attention to their coin and makes the product
become even more viral. So I think ultimately,
the goal of this is to get this breaking into mainstream news because we've seen the dildo
throws have been blamed on crypto bros. What happens if there's a protocol that gets labeled
on the news for giving these bounties out? I would imagine that would make the coin go ballistic too.
So I feel like that is kind of what's going to happen here. It's going to kind of leak now. It's now it's into okay create a crater coin i think you're going to start seeing bounties for irl
things and going viral at sporting events and in like irl uh atmospheres too so if you pin something
up with the open sea chest you want to bring that up yeah i just wanted to go through and just
quickly read um put this in perspective for you guys. First and foremost, it's not a coincidence
that OpenSea and Magic Eden raised their fees, right? It's also not a coincidence that Blur
is catching a bit again. So keep that in mind as I read this so you know how you want to position
yourself for this airdrop. And if you think it's worth it for your wallet no one cares what I think what x think what
slow says right what applies to us does not always apply to you guys you got to kind of
self-reflect of well what's my bankroll look like can I afford to burn this money or not
and this is an example of that I have leveled up my OpenSea treasure chest to the highest tier.
I did 90K in swap volume and paid just under $2,000 in fees.
So that means 90,000 he sloshed left and right.
But 2,000 out of that is gone.
So 92,000 was needed in order to get to the highest level chest. The thesis is,
if I could win one of the NFTs from the treasury, which includes a pudgy penguin, a bored ape,
moonbirds, azukis, or a doodle, at the moment winning any of these NFTs would still be EV positive. But I expect to lose another 2 to 4K.
Once again, 2K was 90,000 in volume and one chest brought up all the way to the highest tier.
If he expects to lose another 2 to 4K,
that is, let's just say perspective-wise,
three fully max chests with over roughly $300,000 in trading volume.
Puts you at about $270,000 plus all the fees you end up burning, this and that.
Let's just say $27k, right? All for the chance to win one Bored Ape, one Pudgy Penguin, one Moonbird, one whatever it may be.
I mean, I don't know if my math ain't mathin', but with 90k, you can buy any of those motherfuckers three times, right?
So, are you counting on winning an asset and the airdrop, right?
It's a lot of leverage and double leverage and triple
leverage and double dipping. So that works when you have a bigger bag. That's how you maximize
the size of your bag. But it's not a strategy for everyone, right? So, wow, I still expect to lose
another 2 to 4k USD while leveling up. So i'm not sure yet if this is a good idea
as many in that nfts are worth less than 5k right now however i may have to do this because other
people will be leveling up their chest and the rare chest the greater chances of winning one of
the nfts the treasury also grows over time as open sea passes on 50
of the fees to the pool but yeah the fees are high so we'll see how this plays out this is more
of a gamble so just wanted to make sure for anyone that's out there actively farming i mean if you
whatever it may be whatever your strategy strategy is, make sure it's
your strategy, right? Take bits and pieces of what we talk about here, bits and pieces of what you
read on the timeline and figure out what your bank account says that you can do. And don't feel no
type of way, right? That's your strategy. That's how you're going to maximize in order for you to
stay here. So I just thought that, wanted to put that into perspective. I mean, he's even very cautiously explaining this, right?
That's technically three full chests all the way upgraded for a chance, like he said, to win an NFT that most of them, right, are under 5k.
I mean, imagine doing all of that and you end up winning the fucking like, let's just say the Moonbird, no disrespect, but versus the Bordet, or versus the Pudgy. You're gonna feel some type of way, right? You're gonna
be like, damn, bro, homie next to me got a Pudgy, got 14 ETH, I got two, and I did more volume than
him. So, just something to keep in perspective as you're positioning for this airdrop. Maybe it's
not a farm, maybe if you did your quest and you position yourself pretty good,
just use OpenSea.
That's it.
Just use OpenSea.
Don't farm an airdrop.
Just use OpenSea and see how that works for you.
Do you think him spending...
So he spent 90k and he lost 2k.
Do you think him farming it,
like the 2k he lost,
will be made up by the amount of money he made for the
airdrop i think that's kind of where the gamble is right like say he lost 2k but him getting the
top tier box ultimately 2x that loss where he actually made 6k for farming it then wouldn't
that be like the bet right like you're betting that you're doing this that you're actually going to make it up on the amount of the airdrop you get like that's where i feel like that's where we're
going to figure out if this is worth it or not until yes and no they're just they haven't
like the way that they've broken it down that's not i guess the wording and i think that that's
where the wording uh and all of this actually comes into play right because like he said the rare the box
hasn't been you get a bigger airdrop it means that you get a higher chance of getting closer
or more entries into winning the nfts does that make sense i don't i think that i mean this there's
this prize pool that they're using as the carrot on the stick rather than the airdrop itself being the carrot.
And so if the airdrop is also or if all of this is included as part of your airdrop, right?
Is it not?
Then that, yeah, cool.
Volume and all this and then the double and then it's the double, triple leverage kind of thing, right?
But that's kind of what he's betting on is the double triple leverage
yeah yeah so because i mean like winning like i said winning a moon bird is not going to make
your life any different if you've burned 2k and i mean if you're going to go through this process
two or three times the moon bird just puts the the fees back in your pocket that's it i understand it's definitely uh
definitely a gamble and i think we won't really know if it was worth it until we get the fucking
token and people start doing the math right so i'm just gonna use it just do the voyages and
that's what i'm gonna do i'm not gonna farm a lot of money try to get the top tier boxes whatever
the voyages tell me to do each day i'm just gonna do that and wherever I land I land Yeah, that's more or less my plan too. It's just I'm not farming
I'm gonna just trade how I trade and do the normal like the base quests that come up
And that's it, you know
And I'm pretty sure just as market participants when there's a hot mint or something that's open sea related
They'll give bonus crates or bonus upgrades and stuff, you know
So they're not gonna only make this pay-to to play because that's essentially what it is right now.
Now there's a literal monetary value of spend 50 cents gets 12 XP points.
And that makes this now pay to play.
Right.
So they're going to have some type of balance or sink off for the free people.
It's just probably not going to be the best thing.
I mean, everybody gets the flame skin we're getting we're going to be holding a lighter or a candle
you know what i'm saying and they're gonna be like look i mean you guys a little bit of light
make do with what you got go ahead slow now you guys i'm just doing the quest because you can get
a little more you get more bang for your buck the other thing i was going to say is you could just also check in there like pretty much whenever they put a quest on
it's like two days so um i've just been checking in every other day and sometimes you can double
double dip on one transaction so like for instance uh today there was a quest that was
you had to do 50 in volume and on an nft and then there was a quest that was you had to do $50 in volume on an NFT.
And then there was another quest that was do $10 of volume on a base NFT.
And in that case, if you bought $50 NFT on base, you get to do both quests in one go.
So I just check in every other day and do them real quick.
That's the way.
And get the trending ones too,
because you want to sell that. You want to buy, you want to buy the NFT for 50 bucks and then
list it and get it sell instantly. Like the ones that like, yes, some of them can encapsulate both
fucking metas, but if it has less liquidity, then you're basically have a sell every seven hours.
And then you keep undercutting the floor and you're actually making less and less money than it so i would go when they ask you like
oh buy an nfc for 50 find the nft for 50 that has the most volume so once you buy it you claim the
reward then you can floor it instantly and get the fuck out instead of ones that you know get a sale
every seven hours and then you don't ever sell it and then you're down 20 bucks on top of the 8% fee that's on top
of it so it is funny every every day it's like clear which uh which collection the entire group
decides is going to be the high volume one for that quest right you just go and you're like on
base the quest is for base you go check out base you're like okay everybody's decided this is going
to be the collection to trade there wasn't one yesterday there was one at 75 not 50 it was like the one
on base like giga chat i forget what was but it was like little i don't know what the fuck it was
but it was at 75 so i was like oh great we're gonna do this one and i got the fuck out within
like seconds after i bought it so yeah don't buy the ones that have low volume even though they
might you know get two two rewards in one.
If there's a sale every seven hours, you're not going to be able to get out of that,
and then you'll be undercutting the floor, and you're going to lose a lot of money.
So just a little hint there.
Obviously, over the weekend, you guys saw Punk Strategy come out.
Basically, they're using the protocol fees to buy CryptoPunks.
And you saw that with MicroStrategy, and it probably trades a little bit over what the amount of the CryptoPunks are.
It's like 1.2x.
Well, yesterday there was one that launched on Abstract called Pudgy Strategy.
They're doing the same thing.
They've already bought three Pudgies.
So you're going to see one pop up for Bored Apes
now that this is taken.
Obviously, you see the market kind of going down today.
A lot of risk off,
but some things that possibly to look at. I don know the pudgy one coming back, bro That's one thing I'm gonna bring up here. Look, I mean we're at 1.6 mil
Downward spiral motherfuckers making 50 60 bands off a hundred dollars
Yeah, I'm not one to hate right but at the end of the day when this token hits flatline
Who the fuck just won or got three free pudgies like we're just randomly buying motherfucker
like random people
$30,000 assets for the free because they're not gonna liquidate it for you like all this guy like the Treasury still has them
Yeah, well you guys stopped buying the token Treasury can't buy the next pudgy
I mean get fucked right? So we've seen this before this happened with all the token generating
Assets like when Kaiju's used to produce our waste
There was a Kaiju Treasury where they went through but all the Kaiju staked them all took the the token and produced
Bought more babies and you know you keep the
ponzi going same thing for kongs and bananas and on a mice like all of these end badly with one
person running off the dude from kongs he didn't it was chubby kaijus the dude from kaiju sorry the
dude from chubby kaijus he didn't even buy the kaijus he just burned off with the bread you know so that's another thing too like yeah they can't burn off
with the bread because it's so i mean dude this shit just literally flew off a cliff as we're
talking it went from one six to one mil so ggs um not to say that it's gonna fail but my question
at the end of this is those three pudgies that they acquired who do they
go to when this shit flatlines i mean let's just say i own a thousand dollars of the token how i
mean you're gonna give me a thousand dollars worth of that pudgie when you sell it no you're not so
i mean i don't know i think it's just a modern way of scamming uh but yo do do what you do
yeah i saw it this morning is something
that i thought was interesting i think the punk strategy one is actually doing pretty well uh
well the one that because the strategy on the punk is to sell it for 1.2x above the price but what if
no one buys it for that much more how do you buy another one and cycle profits into the token you
can't yeah i'm thinking like obviously this
created i mean micro strategy created this this this theory that if you buy crypto uh bitcoin
then you know the stock trades you know two to three x over the value of how much bitcoin you
have and that's kind of the theory with this one if you own a bunch of these assets and you held them in your treasury
then possibly the token or the stock should trade over one to two x and then you could sell it and
buy back the token whatever you want to do um but this is kind of the first mover has been the punk
strategy one and it's actually like in this market is actually hitting you know it's going up in
price so maybe the pudgy one isn't
the one, right? I think the punk one went up to 36 million. It dropped all the way down, you know,
50% dropped down to 15 million and now it's pumping again. So maybe the one to get into is
actually the one that started this NFT meta, which would be the punk strategy and not the pudgy one.
And I was maybe thinking if the punk one continues to
get more volume and people start talking about it more and more, you know, obviously people are
going to be looking for betas. But that is on ETH. This one's on abstract. Obviously, abstract
has less liquidity. And so it's just interesting, you know, obviously, we'll see how these go.
But you're probably going to start seeing these pop up if this punk one starts doing well,
you're going to see a board ape one, you're going to this punk one starts doing well you're going to see a bored ape one you're going to see a pudgy one
you're going to see a chromie squiggles one you might see a fidenza one so it's just interesting
to kind of look at fucking dows are called bro i mean now we're not even calling these dows anymore
this is crazy we're just literally not pretending like it's not what it is but yeah this has all
happened before look up chubby kaiju's the guy just did this whole sold everybody the exact same dream and just said thank you for the free money and assets
was it jamsy jamster i don't remember yeah i think it was jamster uh go ahead allison what's up
there's a reason it fell off a cliff because Tokenworks put out a tweet at 110 saying,
well, first of all, they put out a warning earlier this morning saying that they're seeing forks of
what they're doing. Be careful because the assets could be sitting in a random wallet instead of a smart contract. And now they've put out an article saying that
their project is going to be in multiple phases. The first one was Punk Strategy.
Sorry, there'll be three launch phases. First, five NFT strategy tokens will be launched by the TokenWorks team on day one.
Ape strategy, then Pudgy strategy, then Dickbutt strategy, then Moonbird strategy, and MeeBit strategy.
So, yeah, I think that's probably why it's falling off Cliff+.
So the OG just expanded their offering, more or less.
Yeah, pretty much.
Yeah. just expanded their offering more or less yeah pretty much yeah and then after that um if people
later deployments will open up to any owner of an nft collection so if collections outside of this
are interested and someone's an owner then they'll be able to do the same thing with that collection
but these are going to be the first ones and we did see and when i posted it in
foundry this morning i did say like this chart looks similar to what happened with punk strategy
so just be careful and watch it and now this came out from token work so just keep these things on
your radar and just be safe out there and like always make sure you're taking profit you drop
that shit at 900k you ain't got us it's at 1.3 ain't shit
to be safe at still in the green i would have we would have had it last night because i was actually
still awake when it happened but unfortunately uh i was watching some fun streams um so i missed
the launch and then i didn't how are the lab guys doing i haven't checked on them today, but they were still hanging out last night.
The last stream I watched.
In the same spot?
No, they weren't in the same spot.
Where were they?
They were in a parking lot the last time I saw them.
So I did see some outrageous stuff on there.
It's getting crazier by the day.
So I said on Saturday,
I felt that it was a little topish with the streams that were being created. I think we'll
see. These people are going to burn out. Yesterday I saw someone in prison. He ended up rugging.
Shocker, really. But I don't even know how you're creating a Pump Fun livestream in prison. But
he was giving everyone a tour of his prison cell.
And the chat, of course, was amused.
So this is just for max extraction.
These things are just there to take your money.
So you really have to sort through the streams.
And I've been pretty good.
I'm picking decent winners.
I pinned one up today.
This is the latest one one the last 30 minutes uh we
have someone giving birth and naming her baby alon jr live action on the stream it looks like a home
birth okay this is like such an intimate moment why it was an. Now it's Alon's moment. Money.
A guy put a GoPro on his cat yesterday.
So we basically normalized crying on television and crying on camera as normal to get sympathy.
But now people are just going to put their most intimate moments, like having birth, on there.
We're going down the tunnel here.
I do not support these activities. It's everything wrong with society these days that's just my opinion um i'm here to see real creators that aren't doing stunts
like sure i'm amused by the stunts like we all are but even that amusement wears off quickly
and you just get bored of it um and then you're just laughing at people making a fool of
their self and the desperate means that they'll go to make some kind of money. And that's kind of
sad, honestly. So I'm just here for like the good coins, like kindness and creators that are coming
on every day or at whatever frequency to have like a show, talk to people, just do whatever.
I'm not really here for the stunts.
That's just going to go to zero anyway.
Yeah.
Like I mentioned yesterday, like you could have like a good week of content creation,
but this isn't a week long thing.
This is something that you have to really think about what you're going to do for the
next, you know, five, six, seven months, which I don't think anybody's going to give a fucking five to six, seven months, but
you can be funny for a week, but just imagine trying to be funny every week and being unique,
doing something different. That's why I feel like the live streams, the ones that people are
actually out in real life, create a new dynamic that you can't, you can't do behind a computer.
Like you can only be so funny behind a computer
you only talk about so much things yes you can be funny like aiden ross and be interesting
but i really feel like the live streams are going to do well are the people actually
get a camera guy get good internet and actually go imagine bro i just set up a little camera on
my bong and every time people buy the token i can use the creator fees to buy more weed yo that is insane
flywheel like no wonder everyone is spinning up a fucking live stream because i mean you pass out
on the couch by the end of the night bro no look look look i'll promise i won't pass out if you get
the token to 10k how about that you know what i'm saying and i'll even get a bigger dab every every 5k until we're we're doing
the whole jar like at the end of the day i win i'm the creator right i'm taking these fees to do
whatever the fuck i want to do same thing with the people opening cards on stream i mean it's
somewhat similar to a whatnot or a twitch but at the end of the day it's not right because i mean
i'm keeping all of this i have no connection to you how the fuck am
i gonna reward every single person who bought my token one of the pokemon cards that i opened in
the person that has the most of your token you send them the most valuable card you ripped that
day i don't know that's worth five dollars and they got hundreds of dollars of my token
hopefully you pull out of rare charizard or some shit you know like that like, that's the thing. And it's like, okay, cool.
Everyone's going to do it the first time.
And then at the end of the day, you're like, damn, I really just contributed to allowing this motherfucker to go buy some more Pokemon cards for himself.
Because at the end of the day, like, that's all we do with these creator fees, right?
Is enable whatever they're doing on stream to keep doing it.
So if it's entertainment, cool.
So be it.
That's what they're doing, right?
They're using the money to go continue to be funny, to drive around.
Like the bag work guys were using their funds to fly around, rent $100 Ubers and all that shit.
Makes sense.
Like you're enabling the degeneracy you do or you see with your token buy.
If someone is doing these kind of self-focused things, like, I mean, what else are you going to do?
You're going gonna tip me
to suck my foot like that's what i'm saying like it gets back to that loop
yep it's about doing interesting things and be able to do it every week and continue to
get attention for being funny or doing stuff that is unique and that's really hard for people to
continue to do it week over week over week until you know there's a new person that comes out that's a new dancing monkey that's funnier than
you so it's part of the creator uh creator market there's always someone new or flashier that does
it better than you and that you know drives attention from you and you just got to up your
ante and do more crazy crazy shit and uh it mentally goes into demonic shit where you're
showing your live birth of your child.
So that's where we're at.
That's where we're at in the market.
It's fun.
This is the end of the bull cycle.
We got 40 days left, and this is where we're at, guys.
So obviously, in about an hour here, we'll have Mr. Jerome Powell co-in-state good morning, or good afternoon.
We are decided that the labor markets are overheated, and we're going to drop the interest rates by 0.25. You're going to see the market are overheated and we're going to drop the interest
rates by 0.25.
You're going to see the market dump and then you're going to see the market pump and then
you're going to see a dump and then we'll get on with the rest of our life.
And probably two days from now, we'll probably be back exactly where we are.
So it's fun times.
We're here.
We have another FOMC in October.
So we'll go through the same thing a month from now.
But yeah, man, I think that does it for the space.
We'll be back tomorrow.
I'll leave it here for Chief to end it. And you guys have a great
rest of your day. I got something pinned up to the top, a little bit of information
post by Vo just speaking about a proposal that's going through with Magic Eden Foundation and
Council. More or less just a call to action to take advantage of these grants that people have
and that want to give out. Right.
I mean, I don't think that we've ever been a time in this space where there are more
companies looking for some type of marketeer or exposure.
Right.
Maybe they're not looking for a marketeer, but they want some type of exposure, participation
or whatever it may be.
And it seems like we're at an all time low with crypto participants, too.
So retail and all that shit that we look for is not here it's just us it's the same class it's either you graduated or you managed to
stick around so just wanted to put this on you guys's radar as well that there is ability for
grant programs and other things out there and so you know keep your head up and you guys can find
a way to participate once again without always having to just over click and kind of burn yourself out.
So we do this Tuesday through Saturday from 11 till about 12, 1230 central.
It is a TDA or stay poor.
Be on the lookout for a thread that goes out after the show is over.
It covers everything that we talked about.
Appreciate Allison for putting that together.
Make sure you guys use that as a resource.
And any likes, retweets, engagement on that allow us to continue to grow the TDA
and get more opportunities for you guys.
So catch you guys tomorrow.
It's TDA or Stay Poor.
Y'all have a good rest of your day. Thank you.
