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THE DAILY ALPHAβ»οΈ
Recorded: Aug. 14, 2025 Duration: 1:24:18Space Recording
Short Summary
In a dynamic discussion, participants highlighted Google's strategic moves into Bitcoin mining and the implications of its fluctuating policies on non-custodial wallets. The conversation also touched on the upcoming Quantum Oil project, which aims to capitalize on the NFT market, signaling a resurgence in crypto enthusiasm.
Full Transcription
Thank you. welcome back welcome back to daily alpha it's august 14th 2025 appreciate you guys stopping
by the show allison's threads pinned up top if you missed yesterday's show that's everything we discussed lots alpha
lots to discuss um yesterday we broke i don't know if we officially broke all-time high each
exchange has a different all-time high for ethereum so i don't think it's like official
official but we got close to breaking all-time we got the 4 700 almost 48 uh bitcoin did hit an all-time high. And it was good while it lasted.
It was fun.
And then this morning, we got some PPI data,
which I don't think I've ever seen it like that miscalculated.
I think it was like almost a 1% difference from what was expected.
And people basically used that information to flush out leverage.
Flush out all the people that are 150,
25x long and liquidate them before, I guess, we go higher or we sit here and we test these lower
levels around 114 to 116. So that's what kind of happened. And that's why people have PTSD in this
space is because you can't have more than 12 hours of euphoria until your bags, if you are leveraged along, are completely gone. So definitely, definitely fun times in this space.
But I mean, if you guys were looking for entries from yesterday, you got them less than 12 hours later.
So that's ultimately what's kind of going on.
Obviously, today there's a meeting with Putin that Trump's at.
I guess they're up in Alaska discussing like ceasefires on the Ukraine deal.
They're talking about land. And I'm not actually sure if a deal gets signed here of a ceasefire
with like this Ukraine war, if that actually pumps the market, if there's more like turmoil
and this gets extended, would this dump the market? So I guess if we're all looking at this
space and it's all ran by macro,
like you just saw this morning, I think maybe a ceasefire would pump the market. But if there's
no deal or there's some bad negotiations at that meeting, you can maybe see the market go down a
little bit lower. So I think people are looking at that and it's just like more and more relevant
of this fucking macro shit. I know we start to show off like this and you guys don't care
and it's just like, oh, get on with it.
But it's like, obviously this stuff runs the market.
You saw it this morning.
We got one bad reading
and we basically lose probability
from 100% of a rate cut to 94%
in the whole market.
That's not that bad though.
That's pretty damn good.
Like if you look at it, zoom out like you're saying,
you're like for us to get a this
bad of a report in terms of like miscalculated spread and one d like chances of a rate cut not
even really be affected right that that's kind of unheard of right especially if it just went
down five to six percent i mean normally this would drop it like 20 30 chance that
it wouldn't occur yeah i mean it was at like almost 99 to 100 yesterday and then this morning
it's at 94 but what i think got people a little um got little people a little euphoric yesterday
was best in basically and people starting to price in possibly a 50 basis point rate cut, right?
Where, yo, inflation's under control, unemployment's out of control, maybe they are late, like,
by the data, they didn't look at the right data, and maybe they're late, so they'll fucking make an emergency 50 basis point cut. And now, the fact that we have inflation kind of over,
like, kind of out of control, that kind of puts a straw in Jerome Powell's hat to not think that he had overreacted.
And there would probably be a 0.25 basis point instead of a 50.
So I think yesterday people kind of took that as literal.
And then this came out and kind of said, OK, well, at least there is still a fire brewing here with tariffs and inflation.
brewing here with tariffs and inflation maybe they won't think that they're so late and continue to
keep uh the the rates a little more elevated and not do like a emergency rate cut of 0.5 basis
points so i think that's kind of what's being priced in yesterday we all thought it was gonna
be a 50 and then today it's probably just coming down to a 25 which was kind of being priced in
uh yesterday before we kind of got that announcement from bessen so that's
ultimately what's kind of going on in the space i think you got better too right that the comment
of not not purchasing bitcoin but rather just taking what they seize and you know just forfeiture
stuff like that so but once again it's reaction to news that we already knew. Right.
When when this whole Bitcoin strategic reserve was being put into action, that was something that they said from the beginning.
Right.
We're going to use Delta neutral strategies in order to either acquire more.
Right.
Or continue to build the treasury.
But we're not going to go out and actively have a Bitcoin spend every month.
So because there has to be congress approval
for all this fucking spend and there's no way there they basically barely came to an agreement
trump had to step in for stable coin regulation so you think that they went through congress and
senate and said hey we're gonna fucking use some money uh and print some money to buy bitcoin you
think that is going to be something that both parties support where it can actually pass the house and senate like no so i guess the way to get around it is actually yeah it's just yeah
telling them like yo we're just we're not gonna buy any we're just taking it that we already got
some yeah who's who's do they have chief well they have ross's they have a lot you said they
have a lot but yeah the majority of their biggest stakehold is Ross's.
Yep.
So it looks like Ross is going to donate to the treasury.
And I think for that, he should probably have some seed on some crypto board since he kind of seed funded this whole treasury.
Like he's the CEO, right? Like, hey, this is my money, bro.
money bro at least give me like a seat on the government so i can like run some shit and let
At least give me like a seat on the government so I can like run some shit and let you guys know what's up.
you guys know what's up but i think we had like four four hundred and sixty million positions
were liquidated which is a massive number um also this morning just kind of just uh did you have
fucking twitter yo you're you're cutting in and out bro yeah. Yeah. That's what I'm saying. I think my Twitter's bugging, dude.
Yeah, my Twitter's been my stuff all morning.
Yeah, I just kind of got the glitch there a second ago,
and then you said I started glitching out.
But I think I'm back.
Google acquires 8% stake in a BTC miner TerraWolf for about a $3
billion deal. That's a lot
of zeros, bro. I don't even know if that's a trillion
or a billion. Probably a billion.
But, hey, Google coming.
Trillion?
Jesus Christ, dude.
I mean, that's pretty bullish,
right? You have Google basically capitulating
and getting into Bitcoin mining. They know
that this is the future and they want to stake in it right so the thing about that the when you look
at these mining companies right and then i mean you see them that like they have points of interest
right but when people i don't know dude i just don't think that the mining narrative is really
going to be what really moves or or has the substantial returns right you're better off with one of these companies doing the
whole treasury approach than you are in the sense of the mining mining i mean yeah they become more
valuable in that sense right but you're trying to get people to invest in the 6% left of Bitcoin that's to be made and mined, right?
Versus, okay, hey, pass up on buying 90% of the available Bitcoin at the lows
because you're going to put all your hope and faith into mining the last 6%
and becoming profitable at that.
So I just think that it's an uphill battle on that side.
And if you are trying to get, I guess, Web2 exposure,
yeah, the mining companies
are dope they have their rips and their dips and i would do just that i would sell the rips and buy
the dips right but i don't think that that's going to be the actual avenue going forward for like
just bitcoin adoption or even bitcoin gains right people are going to realize that the
am i investing in mining companies for there's not even that much Bitcoin left to be mined.
Yeah.
Yeah, I can see your point.
And it's just kind of like a big company kind of, you know, getting involved,
putting a lot of money, just kind of, you know,
just more proof that Bitcoin's here to stay if you need any more proof. I think this kind of stuff can like not convince us,
but maybe can, you know, convince normal people like,
oh, Google's investing.
Maybe that's something that's like, oh, Google's investing. Maybe that's a safe company
that now is getting a little Bitcoin exposure. Maybe they don't do a treasury, but now they have
some kind of Bitcoin exposure and that can maybe lead to an accelerant to the price like we've
seen with the treasury companies. It's kind of like a 360 flip. You have Google investing,
you said 3 trillion into a Bitcoin mining.
And then yesterday, Google Store is planning to ban all non-custodial wallets
who developers do not have a FinCEN registration state banking license or MICA license.
This means that AML and KYC for non-custodial wallets in the US and UA,
we haven't won, they'll keep fighting back until everything is owned.
Apple did this before.
And then about 12 hours later, Google drops plan to ban non-custodial wallets from the Google Play Store following backlash.
It's like, you can't make this shit up.
Like, what happens if they didn't unban it?
And then today they announced that they're fucking staking, they're acquiring 8% of a mining company.
It kind of feels a little weird, the fact that you're now trying to get your own Bitcoin,
and then you're banning typical normal people from having a self-custodial wallet.
I didn't even know that they unbanned it again.
Yeah.
I knew that they banned it.
That's the only news that you saw all over the timeline.
Oh, they banned it, blah, blah, blah.
I didn't even see, like, the unbanning didn't get as much exposure as all.
Oh, there's a billion.
My bad.
Billion, yeah.
That's what I was saying.
I was like, it has to be a billion because a trillion is way too much.
I didn't count fucking the zeros, bro.
I was just relying on you to count the zeros.
I thought it was a billion because when I see these lots of zeros and I'm in this space,
like a million dollars is a lot to me.
So when I see people making acquisitions for fucking billions,
I'm like, dude, am I out of my mind?
Because I'm so brain like dead.
Could this be a trillion?
But yeah, like you saw the backlash.
That's the power of the people.
We fucking bitch slap these motherfuckers.
Yeah, that is.
Yeah.
What up, Allison?
How we doing?
Hey, what's going on?
Since you guys are talking about Google, I saw this morning that perplexity.
Google's in like an antitrust suit right now with the Justice Department.
suit right now with the justice department and, um, the justice department is like,
uh, encouraging that Google needs to sell off Chrome. Um, so Chrome put, uh, excuse me,
um, perplexity put in an offer to buy Chrome. That's like double the price of their um the value of their sorry i'm at work
double the price of the value of their company like the offer was for like it's an all cash offer
and perplexity has their own browser by the way that just came out called comet and it is a
chromium based browser so it would be um a huge and that browser is awesome for anybody that
doesn't know or hasn't tried it.
I mean, like if you're trying to do any kind of research, if you need blockchain help, you can say, hey, what are the top holders of this contract?
Put it in there and it'll pull it all up for you.
Hey, does it look like fib?
Like if you're trying to learn TA, you can ask it questions and it's really good.
You're trying to learn TA.
You can ask it questions and it's really good.
So the offer was for an all cash offer for $34.5 billion.
And their company, their startup is only valued at $14 billion.
So I'm not really sure where the rest of that money is coming from.
But it'll be interesting to see.
I didn't do that.
Chief did that.
He likes to mute people. ahead okay maybe the space is
rugged do what you're muting her i'm no okay go ahead allison i was talking i didn't know uh
how long i was muted for and what was the last thing you heard sorry no it was it was very
temporarily it was like for
two or three seconds so you said where's the money coming from yeah i'm just wondering where
the money's coming from but it would be like i couldn't see google even contemplating this offer
if it wasn't for the antitrust but so i wonder if they'll take it. I know it's just interesting. And I'm just going to plug the Foundry because we did have a tutorial on Comet.
And that's how we all know that it's great.
Because I'm not sure if everyone has access to that or not yet.
But we did in the Foundry.
So, yeah, just wanted to say that.
And also, thanks to Evan who gave that little, wait, is that who it was?
Yeah, it was Evan.
Yeah.
So shout out to him for giving that tutorial to us.
So perplexity is, I guess that is kind of like a competitor to OpenAI and Grok.
And it just kind of makes me, I remember that probably like two or three weeks ago,
we had the news of OpenAI is going to be launching their own web browser.
So I would imagine that, you know, all these developers work together.
They all see it in the Slacks and stuff.
And I would imagine that, you know,
the OpenAI web browser that comes out
is probably going to be pretty similar
to this Comet one, which, I mean, you guys,
I haven't used it yet,
but you guys say it's, you know,
way better than Google Chrome.
And you can pretty much, you know,
learn TA and just ask it questions
about holders and status.
It's good for specific stuff, right?
Like it's been tuned in to understand just blockchain-based AI,
I guess command.
You shouldn't call it commands or requests, right?
So it can go through an Etherscan and like you can get real specific,
you know, I mean, not to share the sauce of how people are really doing it, right? But
I mean, you can go and let's just say you're trying to find who sniped the token, right? You
can say, hey, I want to see, give me the addresses with one transaction within the first two minutes
of the token going live. And that didn't sell until 5 million market cap. And now you got a perfect curated list.
And you see what I'm saying?
So it's really still dependent on the user
and how you utilize these tools.
But it does allow you to start getting creative
and use it as almost like a mega search engine,
so to speak, right?
But through blockchain, through smart contracts,
through wallets.
And so people are starting to do literally what I just said, right? But through blockchain, through smart contracts, through wallets. And so people are starting to do literally what I just said, right? That was like an example of
someone I know who did similar to identify wallets and stuff like that. And then it's like,
you create this own thesis, right? Well, I want people that only sold at two mil and they held
for the whole time. Okay, no no i want the guy that that sniped
instantly and sold instantly and has this hit rate so really leveling up the level of analytics that
we get from let's just say padre axiom all the bots and then adding the ai element in the background
yeah because uh i guess the the main wallet for just like decentralization and kind of web 3 has
been brave and we should talk about browsers and this just came up is that brave announces that
self-custody bat payouts on solana now open to all brave reward users so last year we launched
a limited invite only rollout of self-custody bat payouts for brave rewards the feature lets users
get paid bat directly you know piece
up real quick do you know anyone that's made decent bread or have you used it and made like
i mean it doesn't have to be a lot no no no no no no i i don't even use it but i remember that
was kind of the hot the hot browser no bro people still use it that's why i'm confused i'm just
wondering if they've like i use yeah have you ever gotten paid or or no uh no i didn't enable that but you
can if you enable that you don't have to i just kept that all turned off because i didn't think
that the token was worth anything i don't know so why did you use brave i guess that i guess that's
even more interesting so why were you using brave i wasn't using it to collect the token i was just using it for privacy
because someone told me it was good for privacy so uh yeah i signed up for and i just really liked
it so i stuck with it i mean i also use chrome but i do all my crypto stuff in brave like that's
where my wallets are um i try to keep like from a wallet hygiene perspective i try to keep, like from a wallet hygiene perspective, I try to keep like different browser profiles and things separated in case one profile gets compromised or something.
It doesn't trickle into the other profiles.
I mean, if the whole computer was compromised, that's a different story, but just trying to keep things as safe as I could.
I just thought it was interesting that you said you use Brave and not for the token part.
Because the people that I know still do it have always, oh, well, you get paid to serve.
And I'm like, okay, cool.
Have any of y'all gotten paid?
And nothing, you know?
It comes down to is the cryptocurrency itself worth the fucking reward, right?
Yeah, bro.
So that's why I always think that maybe just launching
stable coins
is the best way
to do these payouts
for play to earn
just everything
because like
once your cryptocurrency
goes from
oh I'm getting paid
just like we saw
Axie Infinity
now I'm getting paid
30 cents
that kind of
devolues your protocol
and just
it's like
decentifies people
actually using it
so maybe doing like
more stable coin S kind of payouts and reward people like
$5 each week would be a way to more incentivize people and not get so
demoralized whenever their payments, you know,
go down 99% in like a week or two or even over like a five year span.
Right. So I've gotten to something that I think we'll start seeing more and
more.
There's this one big thing that I stumbled across and a lot of people are speculating on it.
And that's kind of what you have possibly been seeing the run on Solana in the past 24 hours.
It is a lot of these, you know, obviously kind of the leading meta this cycle is, you know, treasury companies, ETFs and uh that's kind of been what's been going
on i'm looking into trying to find these bookmarks but there seems to be this that happened with soul
big brain yesterday and it's not really news of a kind of a liquid staking crypto fund that was
kind of under the need the radar called UpExy.
That was basically Joe McCann, which is a big crypto investor,
was trying to roll this out as kind of like a liquid staking treasury company. And so Big Brain back in July basically says,
I'm never investing into crypto, a liquid crypto fund again.
How the fuck am I down 10 million through the first half of the year?
And basically Joe McCann stated that this screenshot, crypto fund again? How the fuck am I down 10 million through the first half of the year?
And basically, Joe McCann stated that this screenshot, they're trying to raise a billion dollars for this. And Joe McCann suggests that this scared off investors from the funding. And
Solana Floor said, a new screenshot shows Joe McCann suggesting that Solberg Big Brain's post about his fund's 80% loss caused a $1 billion digital asset deal to fall through, linking it to Big Brain's investment to Upyak's treasury.
Solberg Brain denied any sabotage, saying that he had even soft committed $20 million before seeing the losses after Upbi xc stake is minor compared to his soul
holdings and you see the screenshot from joe mccann i'm looking forward to this the lp that was shared
the screenshot just happened to be huge investor from up xc uh and not it's just a coincidence that
bro it smells like in here yep so um so soul big brain basically came out after this and basically
you know said let's go let's get out of the way any institution that i posted
that previous screenshot allow showing a liquid fund i was in was down 10 per cent to sabotage
the potential dat which is a digital asset treasury he was raising for is because I'm an investor in an UPX is absolutely false and completely
bullshit. I actually want more DATs, more institutions buying Solana, the better for
my sole position. My position in UPX compared to my overall Solana position is minor. I had even
soft committed $20 million to his DAT prior to getting my quarterly statement, which I received on July
17th, which has ultimately changed my mind. Why did I post a screenshot? Was pretty flabbergasted
and pissed off. We are in his fund and two entities had $5 million initial each. So I had
two statements showing that the $2 million each for the first half of this, while the market hasn't
been bad, by the end of the 21st, I was down $20 million and in six months would trigger anybody. So basically, Joe is suggesting that this screenshot
basically made his fund, his DAT, his digital asset treasury, that he was trying to raise $1
billion for Solana. It was supposed to be, no one's supposed to talk about it, this and that.
And then yesterday, there been uh some leaked screenshots
inside of a kind of a telegram from joe mccann's telegram um basically suggesting that there is
going to be one that's going to be announced relatively soon and he says and there's another
solana dat that will be backed by huge names in the industry one vc one training form and one
asset manager interestingly Interestingly enough,
that VC passed on my deal because they didn't value treasury companies, yet they are doing one.
And apparently, if you go into farther than his telegram, he said it was one of his companies
that he's invested into before. And people are basically speculating, and there's rumors,
that there will be a $1 billion Solana digital asset treasury company backed by some of the biggest names in the company.
And rumors circulating that it's a joint play between Multicoin Capital, Galaxy Digital, and Jump.
And, I mean, Multicoin Capital, I think their founder, Austin, was huge in Solana.
I think he even lived in Austin.
I know his name's austin
forget his name but he had a lamborghini uh back when you know solana was eight dollars
that his license plate said solana and basically joe mccann's fell through based off you know
sold big brains supposedly sold big screenshot but doesn't mean that there's not one forming
and the one that's forming actually passed on it because they were building their own.
So we're actually going to probably see
in the probably in the next few days,
a digital asset treasury company
that is going to basically come with $1 billion.
And this basically is around the ETF approvals for Solana
that's possibly going to be passed.
This is from NFT Ready Gamer. He be passed this is from nft ready gamer he says
this is from uh joel seaford which he's a cfa and he said the third sec deadline for several solana
etfs is 8 17 25 correct saw that in one of the charts you use to post from time to time the
final deadlines are still in october timeframe, which would commit prior having
taken place in July, however likely in August approval. And he says, inclined to say not
happening just yet. There are plenty of movements so far. So who knows if they would have that. I
assume that they would prove the ETF staking and then sold ETFs. So having a treasury company worth, a digital asset treasury,
having one worth $1 billion creating a sole fund,
plus having an ETF approval with staking,
you know, BlackRock's not gonna get in it,
but you're gonna have Bitwise,
you're gonna have ARK Invest,
you're gonna have Fidelity all launching them.
And so you kind of have the trifecta
of what has made these tokens go parabolic,
like Ethereum and Bitcoin,
is that having all three of these,
and now that you have a $1 billion DAT,
and then you're possibly having ETFs being approved,
you know, minimum on July 18th or 17th,
maximum in October, you're going to see Solana
kind of have these kind of parabolic moves.
And that's kind of where you saw
the speculation come in yesterday,
was these rumors circulating of this big kind of, these things. And that's kind of where you saw the speculation come in yesterday was these
rumors circulating of this big kind of these things happening all in once and
in the incoming future.
And that's why you saw Solana go from 188 to almost 207 yesterday was based
off this speculation.
So I didn't know if anybody heard about it.
I don't know if that was something that you guys are aware of,
but I wanted to bring to your attention of why this is going on and why people are kind of excited about Solana again.
Go ahead, Scott.
I saw your hand with that.
What's up, brother?
Oh, yeah.
No, dude.
Expresso.
That's why this is the Daily Alpha.
You called it, man.
We heard rumors, you know, of the top three, right?
There's the Bitcoin, the E, Solana.
Don't be surprised when you see kind of roll-ups and RWAs and ETFs.
Last time in D.C., I never met one ETF company or I guess BDs who put these funds together.
Literally at the D.C. summit, bro, there was like seven or eight of these guys, right?
Like I never seen one at a Web3 event.
The last D.C. event. I was just like,
Oh shit, you do ETS too. You do ETS too. And I don't want to, you know, D Y O R, but we already
know what will come after Solana, right? What token is, you know, on that next summer jam screen.
And then you're going to see these rollups of like, you know, maybe it's like on dough and a
few other RWA tokens. Obviously we know on those part of, you know, does it's like Ando and a few other RWA tokens. Obviously, we know Ando is part of, you know, does Buildle.
They're half of the BlackRock team.
And you just got to follow the money, man.
Like, you know, I know we get degen on crypto Twitter, but it's still Web2 rules.
And there's, you know, I don't know if you guys saw this yesterday, but none of the meme
coin volume, no one onboarding their brother and sister.
None of this is that volume.
75% of Coinbase's volume is institutional.
So let that sit in real quick.
Yeah.
I mean, look at the ETFs.
They're just popping up.
And you're kind of seeing the Bitcoin dominance drop, right?
And then you're looking at ETF inflows, and it's been a flip on the head.
Like Ethereum is actually running the market again.
And I think it was $725 million of ETF inflows in Ethereum yesterday.
And the day before that was over a billion.
Yesterday, Bitcoin only had 98 million of ETF inflows.
So you have Bitcoin dominance dropping below 60% for the first time, and then
you have ETH recovering the quickest, and then you have the ETF inflows basically 7xing what's
coming into the BTC inflows. So you're starting to see kind of the beginning stages of what we're
going to be calling altcoin season, right? We needed Bitcoin dominance to drop. We needed ETH
to recover quicker. We needed ETF inflows on ethereum to be more than
bitcoin and you're you're all you're seeing that but it's not like we had a dump this morning
and so people are capitulating thinking that it's possibly over which it's not guys i mean this is
part of the part of the game plan especially when you have retail being able to put 25x leverage in
their phantom wallets this is going to happen a lot especially when now we're participating against
smart money institutions ai bots from binance like they're going to flush the fuck out of you guys and
now it's a lot harder than it was before so you got to expect that this there's going to be big
flushes i think it's to scare out you know us in retail and get them out of the space before we
move higher but this is the beginning stages of the altcoin season like this is like the first
inning of the altcoin season in the cycle we're probably in the eighth stages of the altcoin season. This is like the first inning of the altcoin season.
In the cycle, we're probably in the eighth inning.
But the altcoin season is where you make 80% of all your money.
We're probably in the first, the second inning of it.
And I think we're just now starting to see the beginning of it with all these positive indicators through Ethereum.
So it's time to just tap in.
I have Zazu, or Zuzu.
Basically, this is probably one of the most superior risk adjusted times to be long sole.
DATs coming, which I just mentioned that, that $1 billion treasury company by Multicoin Capital.
On-chain activity back.
You see, you know, pump fund, bonk.
You see meme coins coming back.
ETF coming, which I just mentioned.
The deadline for that is on the 18th, maximum October. So you're
going to have ETFs coming to Solana and then contrarian again. So got the hated rally. You've
got everything kind of flowing back into Solana's favor. And this is why you are starting to see the
price action on Sol because the past, I would say, week and a half, if you looked at the ETH
Sol chart, it's been bleeding forever. And I even mentioned it in our discord, like, hey, maybe better to basically take your profits in Ethereum. And yesterday, we basically bounced
off that. And now it's back on the uptrend of actually soul is closing in on outproducing
Ethereum when it comes to just return on investment. So it's definitely interesting
times. Allison, you had your hand up. I'll throw it to you. You said the Jump Crypto was involved in that Solana thing? That's the rumor. Because
if you look at Joe McCann's thing, he says it was like a trading firm, a VC firm, and big capital.
I mean, it's just all speculation, right? And these are things that in the other Telegram post,
he says, these are things that I've invested invested before and those are kind of three or the five things that he's invested in and that's why people
are speculating that this is like a combination of three of these companies coming together to launch
this kind of trading firm that's going to basically acquire this one billion dollars of solana as a dat
um i'm just scrolling through the crowd. Probably most people have been here since
last cycle for Terra Luna and the collapse. But I don't know how so people will feel about that.
I mean, if their bags go up, that's probably all that really matters. But Jump was like heavily
involved in the Terra collapse, probably somewhat to a criminal level like their investors got out
when everyone else lost money and they made like multi-billions of dollars on that whole thing so
it might leave like a bad taste in some people's mouth a lot of people did lose money well doesn't
it line up perfectly so so was galaxy digital, what's his name?
I mean, but like Jump was actually mentioned in the court filings.
Mike Novogratz has a Luna tattoo.
And he's involved in this, fucking apparently involved with this.
So you have two of the three that are basically involved with Terra Luna,
basically now moving to the new shiny object, which is Soul to Cycle,
and trying to create something that hasn't been created yet. like we've been saying these treasury companies are just leveraging debt and
and we've been talking about what's going to be the beginning of the bull market it's probably
these blowing up just similar how luna blew up and that created the bear market all these
motherfuckers getting on at these average prices like it's not like michael saylor getting in for the past four years and his
liquidity like his liquid um like he i think he'd get liquidated like 46k bitcoin like these guys
are getting like 200 200 200 dollars soul so like if we go down 80 like what's going to happen it's
going to create a cascading event and leverage has always been what's caused bear markets and these these treasury companies see it now bro you can literally see it now i mean
what did we do today we had what was it 400 million wiped out within 20 minutes on a two
percent move like what the fuck a two percent move managed to get that much cleared off of the books
that everyone is just overly leveraged
right now thinking that, hey, price discovery is coming. I get to make free, easy money. It ain't
shit easy or free in this one. And that's for sure, especially not in these order books, bro,
where they see where you think you're getting down and in reality, you're not. I mean, all these
order books are public from the biggest exchange to the smallest one, right? Those are the issues that you kind of face when
doing this leverage stuff. But dude, the percentage drop that we had today should
not have liquidated that amount of money. And so you can kind of see the greed that's being
present in the market right now with people trying to take advantage of these basically late longs.
Late longs it was. Man, like people are like, I'm sidelined. I don't have any exposure to this
market. All you had to wait is 12 hours and you got a nice, nice, nice pullback. Still didn't buy.
Still didn't buy. Too scared. They're like oh, no, it's going to go down forever.
What's happening?
I'm going to wait.
Too scared.
Stay waiting.
Go ahead, Allison.
I searched my records for the thread
to make sure that we didn't talk about this,
but maybe you guys have seen people promoting, like,
a big airdrop on the timeline for something called Night.
I didn't know about it until I saw Ashley
and blonde broker and someone else I don't know who was they posted like uh they're parachuting
and um and I guess this company sponsored it but it's a privacy blockchain um and it's like associated somehow with cardano but if at the snapshot you held at
least 100 of bitcoin eth sole xrp bmb avex ada or bat token you qualify um so they're like billing
it as the biggest airdrop ever probably not like monetarily but how many people will be included on it uh so just do
your own research on that because i mean if i don't know i haven't tried to claim it so i'm
not sure if it's just enter your address and then they confirm or if you have to actually connect to
something but there is always a risk there so um check it out but it's called midnight and i just
wanted to share that can you post it up?
Because I think a lot of people might qualify for the
little $100 snapshot right?
Since it's not a collection it's just
actual the token itself
It's dope. Appreciate you bringing that up
I saw that Coinbase wallet
actually was generating
more revenue than Phantom yesterday
and that kind of just that Coinbase app actually was generating more revenue than Phantom yesterday.
And that kind of just, that Coinbase app seems to be, people are starting to use it.
That was interesting.
And so that's something you got to look at.
And then also, it looks like Metamask said they redesigned their main screen.
And Metamask, no more network dropdowns, send and swap easily, smarter views for NFTs and DeFi5 more precision for power and then there's rumors i
mean i checked my mobile ball it doesn't seem like much has changed maybe i need to do another update
but apparently they're set to launch their stablecoin partnering with stripe we already
knew that but it's supposedly debuted today according to some people um so you might get that
some people um so you might get that uh mm usd uh metamask token uh stable coin that's going
possibly live today i don't know how if you just convert into it inside the wallet um i i was
suggesting possibly that'd be a way to airdrop people maybe they do the airdrop later i don't
know but metamask wallets are heating up coinbase app actually doing better uh there's no fucking michael just be laughing when
you talk to him in real life as if he don't know what's up quit playing bro quit doing all this
extra dumb ass shit just give us the mass token just give us the mass token and be done with this
bro you know get on everybody's good graces we're going all around the fucking solar system for him to just tell me that it's not coming.
So, Matt, I mean, hurry up.
Oh, not Matt. Sorry, Michael. Fuck. Thinking of the wrong person.
He's engagement farming. He's engagement farming.
He gets so many fucking impressions based off, like, putting, like, being vague about this stuff.
So I would continue doing it if I can get a Twitter payout for it.
doing it if i can get a twitter payout for it but go ahead scott my bad
But go ahead, Scott. My bad.
yo if he's working for consensus and having to twerk for a twitter payout then we got bigger
problems fam you there scott i think he's having trouble connecting all right i can't hear him
yeah i can't hear you either if you're talking we can't hear you bro but it does show you're unmuted so you might have to reconnect
yeah he was having trouble reconnecting and reconnecting but go ahead chief my bad
oh no i was just i'll post some things up to the top um did you see that our favorite invisible
friend is back that was suggest like when we were talking last week of old projects
that could get acquired.
I was I was thinking invisible friends.
And then I went on the stream the other day and I was seeing like, why is this like up 14 percent on the day?
I was like, is this going to get acquired?
I didn't mention it.
But that's another collection that's been fully diluted.
And then was it Magnus or whatever his fucking came back?
He started tweeting.
Let him drop a token.
Invisible friend.
He said he's back. Prices up 20 percent him drop a token. Invisible friend token. Yeah, he said he's back.
Price is up 20% on the day.
He said, sorry for being invisible, but I'm back.
You know?
So, remember, I mean, but he did a lot of stuff, right?
Well, there was two of them.
I think you had that Magnus guy, and then you had Motion Marcus, right?
Motion Marcus did the, that drop, the mecha drop.
What were those called, bro bro they're little robots that were
meccas that were yeah i forgot the name of it but you know we all know what it is like it looked
like yeah he did he had a couple of those right and then garbage friends and then garbage friends
and then they had the iteration of that too so yeah i mean it is pretty diluted in that sense
but if it's a time for legacy collections i mean sure enough they're one of
the ogs yo scott are you uh back or does it work here without you yeah uh i do i don't know what
was going on it just kept booting me for some reason when i went to empty the garbage uh no
dude expressly you made me think of some hilarious ass shit just now because i've seen linkedin uh
take you know linkedin take shots at c CT now, which I think is hilarious.
So after the Stripe L1 announcement and then the Circle L1 announcement, do y'all remember?
Allison's up here too. Y'all remember in like 2021, 2022 when all the KOLs at the time
literally said all these companies were going gonna come build all the chains and protocols
and all the shit that's not even around i just i'm laughing my ass off because again i remember i
was one of the minorities that said you know if jp morgan that was when it was uh onyx right this
is before when they renamed it to kinesis like if j if JP Morgan could just spin their own shit up,
like, why wouldn't these other guys on the financial side?
And then we saw what happened with Starbucks, Lufthansa, Nike.
They're like, hey, thank you for showing us the game and how to do loyalty on the blockchain.
And we'll go do our shit our own.
And then you see Sony, they're using the optimism stack.
So shout out to them.
But again, all these big companies
they don't need no ko wells they don't need crypto twitter they don't need fucking tiktok influence
bro they're these are fortune 500 companies they don't need fucking solana or fucking uh
aptos cosign none of this shit they they can fuck up on the back end and that's why you're seeing like
amazon secretly tokenizing receivables everyone's doing their own little thing right now walmart
with the dsps again none of this shit is on all this mass onboarding talk we used to talk bro
get it out of here bro like again 75 of fucking koiBase volumes institutional. And then now you have everyone going,
bro, I ain't gonna,
why am I gonna give you the transaction fees
and everything else, bro?
Fuck the hell nah, we'll spin up our own shit,
keep all the transactions,
keep all the clout,
and we don't, and if something goes wrong, it's on us.
You saw Vodafone, right?
Everyone's like, oh, we're Vodafone.
No, they spun up PowerPoint, bro.
You know what I mean?
And you're gonna keep seeing this. So I just think it's super funny that now that stripe and circle
where are all these kols at that said they were all gonna use these protocols and chains
i agree i think i was reading some of these blockchains are actually gonna have privacy
features because you know that these motherfucking bankers are gonna let you
fucking track their wallets of what they're buying and sit so like being on ethereum and these decentralized protocols isn't what they're used to and you're
right like they want all the fees it's like you have like 1970s you have all these mom and pop
shops that you know that spin up and they're really big in the community everybody supports
them and then fucking 2020 comes around and fucking walmart fucking puts their fucking big
ass fucking footprint into the into the fucking city or into the community and if they could close this down all the mom and pop
shots the blockchains that are here right now are going to be gone because you're going to have the
Walmart versions of these blockchains fucking come up and fucking destroy these mom and pop blockchains
which are you know we think of like oh multi-billion dollar blockchains like Cardano like
Polkadot they're all going to be gone like walmart's coming to town and they're closing they're closing down bro and they're
gonna have their own blockchains because they want to make sure it's on them they wouldn't have
privacy they don't want normal people tracking their wallets seeing what they're buying and so
having these features is beneficial for them because what's the big use case of decentralizing
we know who has money we know where the transactions the the the truth is on chain these motherfuckers are going to want to
show you the truth they're going to go in stealth they're going to want this fucking anonymous
anonymity that they get right now and that's what's going to be involved in their blockchains
i look at the tempo one or the arc one they suggest that you can private like proof the
the transaction so no one can see what's being spent and where the transaction is actually going.
So that's part of this whole thing is to kind of give them the kind of stealth movement that they've been used to in traditional finance.
So go ahead, Chief.
And Expresso, real quick, shout out to the people like Sui that are building tools like Seal because, you know, they have Walrus storage.
building tools like seal because you know they have walrus storage but now they're building
the seal storage so enterprises can still interact and do their thing but do it you
know through a sui tool so like yeah i i think the i guess the people building the infra for
these companies coming in uh i think they'll they'll they'll still have a place because a
lot of these people aren't going to want to like find the dev teams right so like sony using the optimism stack right that's just easier for them to do so yeah man i think it'll
be super interesting what companies do what and then you already know that if walmart is i mean if
amazon walmart are already tokenizing receivables and niche assets bro you think target and everybody
like we just ain't caught them yet right or like the
shit hasn't hit you know public or maybe a dev hasn't quit and is leaking it yet but if exactly
if walmart or amazon are already doing it you can count on every other boardroom in those sectors
are like wait what and then same thing with banking right when they saw jp morgan saved 20 million
dollars on instant settlements every other bank from my bank
Wells Fargo who said they'll never fucking use crypto to me for 10 years to Citi to everybody
else the mom and pop banks now they want in so every boardroom follows the next ones just like
with digital passports Lego said they would never fucking touch AI or blockchain. But now they find out you can have their Legos tracked from their Finland place.
And it's not a Chinese Shenzhen set.
They're in.
So, again, every boardroom is going to copy the next one.
So it's going to be super dope to see which ones spin up their own shit and then which ones kind of use the tools like ZK Proof, fucking ZK Login, and these kind of things that were built here?
Well, they're going to have to set it up, right?
I think that that's why Sussanet was so, I guess, attractive to me in that sense, right?
I mean, if everyone's going to spin up their own blockchain, then you're going to have to run proof somehow.
Well, building your own ZK Proof, your own custom one, typically takes around, you know, three to six months, shit ton of money, right? And now
you got to set all these parameters. You're getting these out of box solutions that, okay,
if the name of the game, since we're going to this institutional level of adoption is now,
well, what do institutions want? They want their own chains and they want their own stable coins.
So if you're a protocol that deals with either one of those two, you probably have a job for the next five years.
Right. So what is Sassanet do?
They focused on providing ZK proofs out like an out the box solution for, hey, my blockchain doesn't have enough money or power.
I need to do a roll up. Can you provide it for me? Yeah, here, use this one. Check these boxes, customize it.
And I think that that's just an example that's not the the newest one but we're
gonna get more and more of these that are in a sense build your own blockchain is going to be
available like open source literally open source build your own blockchain you're gonna be like
well i want to use these guys for zk proof so i want to do data availability here i want my idle
money to tap into proof of liquidity i want the on-chain liquidity to tap into cash on,
like chain-owned liquidity. And so you're going to just continue to be able to build this
and kind of set it up. But at the end of the day, you're paying a little fee to all of these guys,
and they're not going to care because they get to call it theirs. And they get to have,
wow, they pay out five, six different providers or dApps protocols whatever
it may be all this stuff's open source eventually they'll copy it themselves right and then you know
go as oh these are features well if they're features we can add them right that's the
biggest thing too it's all these things that we talk about that kind of make blockchain what it
is are features to a subset of a smart contract so if they're features i mean at some point that means
that we can get to the same thing and copy it so what up chayle yo gmgm gentlemen no i just wanted
to chime in real quick since you were talking about privacy i don't know if y'all caught
vitalik was on bankless um episode i think earlier this week and since you were talking about privacy uh Vitalik mentioned
that the medium-term target for Ethereum foundation is privacy defaulted wallets so you have private
balances and you'll be able to send private transactions so it'll be stored on the blockchain
but it will somehow hide who's sending it.
And this is something that the Talix that will roll out in the next couple of months.
So I don't know if y'all caught that one.
How did the people on Bankless think about it?
Because I mean, they're big ETH Maxis and I think their use case is like,
this is open source, this is free for everybody.
I've seen a lot like Railgun, all this stuff that in the past where he's talking about privacy and transactions,
he's got a lot of blowback from it
because that's not what Ethereum was built on.
It was built on a blockchain where everybody can be viewed.
And the people that are going to use this are scammers
and people that are money laundering.
Is that what Ethereum actually wants to have on their blockchain?
How did they react when they said it?
Was there any blowback or were they like, cool, let's do it?
To be honest with you, I haven't seen the whole episode from the small clip i posted it up top if anyone wants to check it out um they didn't really get
no much push i didn't see any pushback to be honest with you i mean i think this is more geared
towards the stratified bros that are coming in and the institutional players um obviously
everything is stored on the blockchain but until they don't make that connection of wallet a is
fidelity's no one knows wallet a can be holding millions but no one knows whose it is so i guess
once you make that link you know hey this wallet, this wallet belongs to, you know, XYZ person and XYZ person doesn't necessarily want you to see that balance at all times.
They could opt to make it private.
Which, I mean, I don't I mean, you kind of have that right now on abstract to a certain degree where on your own dashboard, you can hide balances when you're showing people.
But I don't think it's hidden on like um on the block explorer level it's not yeah so you can do that you can sort of do that
because they do account abstraction right and then the account that you're technically logging in with
is uh being middleman through privy right and so that's another way that they're able to
just kind of customize certain things that they're showing
and certain things that, once again,
it's this idea of a virtual machine
and playing on ETH,
but in the abstract ETH playground, right?
You're not playing on ETH.
You're playing in abstract.
Abstract just happens to be inside the same
playground as ETH, but don't get it twisted. There's a fence. Like you don't go out, you can't
get out of this fence, you know? And I think that that's ultimately too that where, I mean,
Gemini did the same thing that Allison posted earlier in the chat. And I think that we're
going to see it with MetaMask. And like you said, all these moves going forward that are set up for tradifying retail but ultimately
it's kind of removing this security element right and how much you really know about what's going on
because it's like it's no longer raw blockchain there's you're adding a person or an entity or
a dap in between yourself yeah i mean i'm sure that they're thinking about this you don't want to for the
for the reasons that you stated earlier when you start getting sketchy people start using it then
now you get government involvement and congress and shit like that and i don't think that's
necessarily the attention you want to attract given the positive nature of how crypto's been
moving on a governmental level so i'm curious to see how this rolls out
to be honest with you it's kind of hilarious i'd be pissed off i was the guy from tornado cash that's
like being like like in trial right now i'm like you motherfuckers you guys put me in fucking jail
for tornado cash and now y'all y'all motherfuckers are creating private blockchains and shit dude
like i'll be super pissed like the person that's in jail for selling weed
and then you guys fucking make it legal.
Like, that's the kind of shit that I'd be pissed off.
Like, you motherfuckers.
I didn't even think of it like that, bro.
No, for real, man.
It sucks, dude.
Like, this dude is still under trial
about fucking creating tornado cash,
which basically lets you just privatize
all your transactions.
And now you have the founder of fucking Ethereum basically going on and then you have all these private banks that are
launching their own chain with private black things about it like this though too it's like it's how
different is tornado cash than side shift right i mean ideally it just wasn't a black hole but side
shift is the same thing as a i mean essentially if you or I or Scott or anyone or shit all three of us all five of us here on this panel say we're going to create our own mixer
I can just say cool any transaction that comes in on ETH. I'll send soul out from my wallet
You send Bitcoin from your wallet salt
Scott will send out polygon from his
You know and you just have
Any one and that's what these a lot of these uh, you think they're you just have anyone. And that's what these, a lot of these,
you think they're on chain DEXs. They're really not. Right. I mean, there is no way that you can
kind of do these omni chain DEXs, right. Unless you got a partnership with a deep liquidity
partner, or else you're settling and doing all this shit yourself, the most of it. Right. And
so I think that that's the interesting part too is that I mean
Wormhole and all that kind of I mean that wormhole
What was it called the the mixer?
See bridge? No, no the mixer that's that is in court, bro
Oh tornado cash. Yeah, tornado cash. There you go I was like they're the same exact thing as like a side shift or anything like that, right?
Because if I literally send money to side shift send five Bitcoin and say I wanted an ETH you're never finding it
Right because it comes from two different wallets two different connections two different everything so we've had this stuff exist
It just wasn't all in one like tornado cash was and I think that that's the biggest issue
That it was an all-in-one spot for it. Hey, you know, it's great. I'm chief. I think
Like even from collectible side of rwas to
you know the most expensive assets under management that'll be on chain there needs to be like an rwa
one for that as well like like i'm giving this idea out to any devs out there where like a richard
milley guy right chief they don't want you like some of these don't even have the paperwork on it. They don't want you to know they have it. But I feel like if there's
some kind of mixer, right, they might be more inclined, you know, to put something on the chain
or see the value. But right now, like, on the collectible side, we get it, right? We're from
Web3. But like, when I talk to Ray, you know jake and logan's pokemon dealers they're like
dude why would you why would we want to give away this percentage to have people know that this is
coming back and then just have a digital twin version of it i don't get it he was like i
literally i don't i love crypto i love fucking trading but i don't get tokenizing
I love fucking trading
But I don't get
Tokenizing fucking
Pokemon cards, you know, and I don't
Think watch people will
Ever get it until they feel safe
That they know that they can move that
Richard Milley and no one will know it's me
Expresso and chief, you know doing this watch
Deal and I think there needs
To be some kind of fucking mixture strictly
For RWA does it happen? I don't
Know, but I think that would help a lot of these finance guys.
And that exists, right, Scott?
I mean, like, let's be real.
Go to the Diamond District in New York.
You want to talk about a mixer, bro?
I don't think, I mean, 99% of the watches you see in those glasses are owned by someone that's not in that shop.
And that shit is all on consignment.
Yo, I'll pay you in a week.
Bet.
I'll pay you in a whatever, bro.
I'm telling you, it's all just money floating from the same fucking hands and 10 different out like little overheads.
And so it exists in real life. It exists in different businesses, right? And watches, like you said, specifically, that's one of them.
Literally go to the Diamond District. You're buying a Rolex. They're going gonna go to the back and find you some random ass box that didn't belong to your watch do not buy that lie the chances of it belonging
to that watch you need a receipt and everything together right they're gonna go they're gonna
mix it and they'll give you everything but it doesn't mean that everything came together when
they came out of the store right so the mixer aspect exists but when you start adding these
rwas and you can do it on chain now you can you don't have to go to new york to the diamond district and go see the watch king or manny or any of those motherfuckers right
You can go do it yourself do it from a blockchain purchase and not have any issues and fully track it slash watch it move
Yeah, just do it in real life. That's that's the mixer
Do it with cash do it in real life. That's the mixer. Do it with cash. Do it in real life. Do it in the Diamond District.
Yeah, bro.
That's all that shit is.
They be the mazal.
I'll pay you in a week.
Mazal.
Hell yeah.
Sheesh.
I saw we had a Chimpers on stage.
And I think Sir Joey, our Insight, was on stage with one of the ton influencers, Victor.
And he basically announced that chimpers is
building a telegram mini app so chimpers been around forever i think they're up to 0.82 last
time i checked they've they've been i think they're above i think they're usdc high i think
three four thousand is when they got that i mean i know they they dumped before i think they're
like four to three each at one point but But for the longest time, they were sitting around like .4, .5.
They were under like 3,000 forever.
And now they're just coming out with stickers, collectibles,
gats in boxes, all kinds of stuff.
And now it looks like they're also going to be going down the route of,
I think they even did some Telegram stickers recently,
building a Telegram mini app.
So shout out to those guys.
They continue just to keep swinging.
And the team is fucking legit too.
So appreciate.
I mean, if you guys don't know the story,
it was Tempers was basically doing honorary art
inside the Basie Discord, art Basie Discord forever.
And he was like killing it.
And then a lot of the Basies people like,
hey, why don't you create a collection?
He created a collection and uh he made uh chimpers and uh these has like a lot of the holders are
old basie holders and everybody wonders why a lot of their stuff's on ape or ape chain they come from
the ape you know the basie discord tempers did for basically just creating custom honoraries for
just uh previous board ape members so they have have like a whole Genesis behind them and the team continues to push
forward and just do cool stuff.
So it's definitely one of those projects.
If you're looking to get into a team that's proven themselves,
I think Timpers is one of them.
Go ahead, Chio.
Yeah, no, you hit it on the head.
It started off before they actually got into the Genesis,
It started off before they actually got into the Genesis, they did the Bored Ape Chronicles, which was kind of like Tempers, that crossover of trying to venture into Chimpers, but still having a tie back into Basie, which led into Genesis, which led into the Generative regular collection.
they did the board ape chronicles,
But they've extended outside of Web3.
They recognize that Web3, for the most part, is a small echo chamber.
If they want to become the IP that they want to become, they need to venture out.
So like what you just said, they've entered into Ton, the stickers.
I think there's stickers that they released.
There's some crazy numbers.
and I think it's the most extensive sticker collection
And I think it's the most extensive sticker collection right now on Ton.
right now on time.
Their social medias on
TikTok and Instagram have blown up
over the last few months.
They've secured
crazy partnerships, like crossover partnerships
with Web2 Brands.
They've done the
IP Expo next to
Pudgy Penguins, Comic Con.
I mean, they got a lot going
for them. It's just a matter of
finally breaking out um so it's good if you can get in just like you said they think the lowest
they got was 0.25 and chambers was a collection that used to sit somewhere between the one to
two eighth range so they're gonna get back up there eventually man Just need to have patience They're playing the long game
Yeah, it's just like
Underreported them with them
And experiences
That's what they're like, I mean, they've always
Prided themselves on that
And done it really well
Right, they used to have
Like a game that you could play every day
And it would be like a weekly slash
Monthly experience And board for you to earn prizes like a game that you could play every day and it would be like a weekly slash monthly experience
and board for you to earn prizes, real world prizes, right? Collectible cards, books,
all that kind of stuff. So they've always done, not necessarily, oh, this is going to make price
go up, but it's like, yo, if you like the art and you like the story that they're building in this world, then
yeah, you'll be set with the chimpers, right? Like there's plenty of things to do and they're
always continuously keeping you involved. If you're sitting here, why are you making a board
game? How does the board game make my price go up? It's not, it's not for you in that sense,
right? So it's just being honest with yourself in that, right? Cause I think it's a great collection
and I've always, I've had one and I remember playing the games and winning like the Tempers card and all that.
Like that was some of the most fun I had in Web3 because it was an experience, right?
It didn't necessarily say, yo, I got rich.
No, but I had a good time and it leaves a good memory, right?
So now every time I talk about Tempers or anything, it's positive.
So it's just a different style flywheel as well, right?
You get those people that, oh, I made so much money.
I fucking love those guys.
Cool.
Or you get the ones that, yo, I had a great time.
I would do it again.
I really fuck with Cheo.
You know, and that's, I mean, that's the number one thing in sales.
I tell you guys that all the time.
There's only two reasons why people buy stuff.
Either make sense, right?
Or they like you.
Pick one and just do one really well.
And that's it.
Well,
they understood.
Yeah.
What I like is they understood the timing of things when they launched the
board game and all that you were still in the bear market.
So price go up cool and all,
but you're getting people exit where like you said,
build a core community,
provide some really good experiences where people are like, you know, like you said build a core community provide some really
good experiences where people are like you know like you just said like yo i had fun and now that
bull runs coming around now is when you start really deploying floor go up but you have your
core community that like like you just said experiences the IRL events were amazing I mean they were giving out chimps
for free at some point so yeah man good insight obviously appreciate all y'all
appreciate my brother what's up ice man what's up man not much man yeah I got
but today uh just out running doing some errands and stuff but uh
Just out running doing some errands and stuff but uh
Conversations pass
Top on but it's it's stupid stuff
real quick though one thing I take away from space and I'm gonna
Regitate that I've learned from here is safe with all this wallet stuff and
and connect twitter or your x account to all that different
connect Twitter or your x accounts all
and stuff like that i took a chance to go in there and make sure that you're
disconnecting those ones that you don't mess around with them
you know the ones that take a look at twitter and post stuff for you and all
kinds of other stuff so just wanted to mention that
appreciate that ice man yeah i mean it doesn't hurt to go through revoke and just
take all those old connections out i mean same thing for your twitter shit uh any of those you
can post and and write and read your messages um just let me ask you a question chief um we have
this new mint that's going live today the sub foundation i don't know if you got you did some
research in it but it's too expensive in my opinion thatP Foundation. I don't know if you did some research in it.
It's too expensive in my opinion.
That's what I was going to ask you.
Do you think it's too expensive for it?
It's like 0.1 ETH.
Yeah, 0.1 ETH is a little high, especially with just, I mean, not to be that guy, but it's like 0.1 ETH a month ago, cool, right?
But 0.1 ETH now, at the price that ETH is, it's like, okay, cool.
Now, it just makes you consider is it worth
it type shit right and um when you've had a contrast of five six banger free to damn near
nearly free mints right like less than 20 bucks go up to 150 printing people a couple grand
it's gonna be very hard for you to ask for a couple grand up front and try to promise two or three, right? I mean, me personally, I brought minted fucking
hen lows last week for $10, $20, you know? Why would I mint this shit right here for $800?
Especially if we're in this kind of mint and flip season. I mean, how are you going to flip,
right? If not, okay, okay cool then if you're buying to
invest in a company then play the secondary game wait till people drop wait till the floor price
wait till it's either that attention is there or isn't present and then move it around because i
think a lot of people are starting to capitalize on jpeg season two i mean you guys think that
coin grifts come quick yeah you surprised at how many traits motherfuckers just have on their hard
drive though readying to put it together on a new collection because i've been seeing so many now
new jpeg mints pop up left and right some with old silhouettes some with new silhouettes right
and it's just the opportunity aspect but that's cool if it's free right if it's five dollars if
it kind of makes sense for us to degen and play around then now i think in this landscape point one is an investment point one isn't a dj admin you know
and i think that that's just a difference not to say it's not going to do well uh i do think it is
expensive to like two three x like that i think within a week you'll be back at minimum price
or underneath so yeah i think the so point one1 is 800 and they're trying there it's a thousand
collection so they're trying to raise 800 000 and they've already raised 20 million in funding
so it's like you raised 20 million why you need another 800 000 but if you guys don't know what's
up foundation they're launching these things called lotus vaults it's a bridging super gaming
on chain super gaming is a venture-backed gaming and consumer technology
studio with multiple live games their genus collection lotus vaults use cases to give reward
to early community members and collectors with the future of sup ecosystem the mint price is
expensive like we mentioned and they've already done 20 million funding oh i love it i love that
we're we're back to the 2021 roadmaps because what you
just said absolutely means nothing it was just a bunch of fucking words gaming is a red flag bro
like come on like you're you're launching a venture like no one's fucking cracked the gaming
code and then you're gonna give rewards some decent shit but yeah none of this has been like
major like full-blown success but like giving back to your community holding this, you actually need something that gains attention
for the airdrop not to be dust.
And then you're charged, like, what's the potential
of you getting your $800 back with an airdrop
or a gaming company that hasn't launched anything
that you know of, right?
So like name a game on Sub Foundation.
You can't.
And so me to reward me,
I'm probably gonna have to hold this asset for probably over two to three years to get my money back and in this space is so rotational
and you'll probably be able to get this for cheaper why are you describing gabe bro why
are you describing gabe you got all the day if you did if you were bullish if you were bullish
probably wait two or three months you could probably get it under mint price is basically
i'm saying because i don't think the airdrops are coming anytime soon that reward early people says look
there isn't there isn't go ahead chael now i just posted up um some details on soup i mean it's a
web2 brand over 200 million lifetime players um the studio is top one percent globally for installs and reach
um proven games i think their top game is over 100 mil players mass gun
um i posted a thread there from them this is coming also it's tied to y combinator they did
raise 20 mil it is tied to the gigaverse and GLHFers, like that little cabal.
Dith is an advisor.
There is something, I think, in the pipeline with Abstract Chain.
So maybe they're going to launch a game on Abstract.
So there's a potential farming play.
There's potential XP play there.
Not saying to go out of it.
I'm just giving, you know, the other side.
We just fudded. You just gave the bull case.
I think it's good to have bulls. Yeah, I'm just giving the other
side. Yeah, I'm giving you the other side of the
perspective. I mean, everyone
thought that Gigaverse and the
ROMs was, you know, expensive at the time
at 0.055.
And then things have held
I think above 0.1
since Mint. So, I mean, there is something there. And then things have held think above point one since mint
So, I mean there is something there, but I mean you do make a good case
They raised 20 mil about a raise close to another mil
One thing with the games though, at least for me when they're like the gigaverse the ROMs. Those are direct game assets
Those are directly correlate to how the game works
I mean when you're investing in a pass or
a foundation or almost like a seat at the table, the seat at the table isn't really, it's weighed
by how many opportunities and what's being served, right? It's not weighed by the fact that it's just
a seat at the table. And that's versus the games. You need those assets to play. The game's fun. The
game's making people money. Obviously, the assets are going to go up in price you know so i think that that's just
fundamentally how i see the difference of a pass versus being connected to the game because the b
if you're connected directly to the game the game's good well you're you're gravy right you're about
about to make some money you're not being connected to the game and it just being an opportunity
presented to you i just think that ultimately
You're going to be weighed on. Well, what's the next opportunity? This one was great. Cool. Uh, what's the next one?
Oh, well, the next one's an indie studio from china with 200 downloads. Oh
You guys are bringing dog shit. You guys aren't worth anything when it's just like no
This was just the next studio in line
And then the one after that could be like game square or something crazy
But you see they're always just gonna be weighed by the level of their partnership rather than the actual asset itself
Yeah, do you do you see that? I mean you made a valid point
I mean obviously roms is an in-game asset directly tied to you know gigaverse and what they're going on
Would you view this more so like the on-chain
heroes like the rings where you mint this foundation and this is because it's a 1k
collection mint the foundation if you're holding snapshot when they come out with the actual game
and that collection or those assets you get those for free kind of like the on-chain heroes with the rings You minted the rings those were fairly expensive, but I would say yes and no
But but the fact that they have foundation in their name makes me think that they won't be tied to one specific thing
Right, it'll be like they're gonna be omni-chain. I compare this to the d-labs pass
Do you remember that they look like little butterflies and they were red?
Yeah, yep and yeah, those little that's how I see this right? It's basically
Well, this is your access to the arcade
Well, okay, cool. So this card gets me into the arcade. Well, what games do you got in the arcade? Oh, well, we're still we're still getting those
It's still in construction or coming soon
So, okay, cool
You will always be gauged by what games you put in your arcade and not by the value of the pass itself right
instead of someone saying wow these guys allowed me to play five different games because i held
this pass people are gonna be like no every single one of those games was asked why do i want to hold
the pass you know it's like it's a different way of of gauging your value the value isn't that you
got five deals it's well none of these deals made me money so these deals suck or that's the perception
of it you know and when you put it that way historically have passes or or since the way
you explained it has anything lucrative been in web 3 because d labs was all right it had its own
little pump but where are they at now i've been so many times wait for the game you gotta wait
for the like how many times we gotta wait for the fuck get my bro we gotta been sorry wait for the game. You gotta wait for the like how many times
We're gonna wait for the fuck get my bro. You gotta wait
Well, I like the game assets thing like you said, she oh I like the game assets one
I think that those have better success like that's why giga versus so successful because they're not it's not a speculative Avenue for multiple games
It's like do you like this game, bro?
That's this is what we got to offer you is this game then you can own a part of this game and play this game and do this here
Right. And so you just attract a pure crowd than someone who's waiting. Well, I don't like this game
So I'm gonna just stick around and hopefully the next one is good
Well, hopefully the next one is good, you know, and it's like alright cool
You're just not gonna like any of them and let's just be honest, you know
Well said also
Good I spin with that brother
go ahead oh yeah okay am i coming in clear my four are cool um so what i wanted to
propose uh sorry what i wanted to say was with chief here with the games and stuff like so the play valorance is what i've been with the somnia network they they're
minting an ai generated pfp non-pfp but you're going to be using those as characters in the game
so there it's an asset that has the game that's keeping you there cool you're into rpg anime this
is what we got this is what you have and this is what you own part of this game so i could
see more of that stuff like chief was saying like just that taking off more than just your spin up
nft collection game kind of aspect i think they just minted out 50 of their collection so far
this sub foundation thing i think i just got a alert saying that that happened so it looks like people are minting people are wanting to i mean we haven't had we've had a
lot of degenments right and so having an expensive mint those are kind of more x's like your 800
turns into 1600 really quick instead of having to buy 25 of a free mint and then that's how you
capitalize on it so looks like people are using uh this mint to
get involved and it doesn't mean that you know it won't do well in the short term maybe in the long
term it goes back down to mint prices but you know people are speculating a lot on nfts so
if people have money and it mints out you'll have a mint out pump just like oh we have confidence
that it's going to be big and people will fomo into it So definitely looks like on the GDT phase, it's 50% minted,
which is typically a pretty good indicator that it's probably going to mint out.
It's guaranteed to pretty much put it all the way to 50%.
So about 500 to 600 have been minted so far.
So, yeah, we'll see how it goes.
And, like, the biggest, I don't know, the fleecers of all time,
fucking shrapnel, was raised $19 million.
But these guys never came out with the game.
So they raised $19 million in funding round,
led by GoGala Games with participation of GriffinGP and Polychain.
The funds will be allocated to a development of the game,
shrapnel, and preparations for its release.
This game's been going around for
ever and they need more funding to complete the game i mean people talking about the game said
it wasn't that polished when they played it i thought the owners stole it back or whatever
expresso yeah as i'm saying like these guys are like the grifters of all grifters they're getting
another 19 million dollars after basically having all this fucking drama and plus moving chains and
not even having a finished product after three years of promoting this shit so it's like what
happened if the island and all those other ones that all the kol told us that this was going to
be the one we're all playing uh you know 10 hours a day and what was the other one uh by the farm
people bro fuck dude there's been so many fucking these games my guy the dude from the sappy seals By the Farmville people, bro. Fuck, dude.
There's been so many fucking these games, my guy.
The dude from the Sappy Seals that used to work for them, he's like their community manager main guy.
Oh, Sugar Town.
Yeah, all those ones, all the KOLs, promise, does everything, bro.
Are they all cooks?
Pretty much, dude.
These games don't last very long.
I mean, the sub foundation
mints it out in gd phase roughly three percent it's at 0.25 east floor price right now if you
want to buy on secondary so so when i called it grifty island i wasn't being a dick remember that
everybody got on yeah it's bear market vibes bro it's bear market vibes these games can only last
these these game loops can only entertain people for so long
dude if you're not paying people money like what name one game that's been successful over time it
was axiom finney was the only game it's because people were making bank off of it and that's why
that's the only way you're going to keep people interested and like other than that all these
games are like flashes in the pan they last two to three months and then no one talks about them
ever fucking again.
And so if you're not paying people out and rewards enough,
you're not going to have that flywheel
of recycled attention flow back
to get new participants to play the game.
You might have sweaty grinders
that continue to play the game,
but ultimately you want this,
the pie to grow where more and more DAUs come on
like every fucking day.
And then like, if there is no reward then you're not
going to get that that recycled attention to get that track those people back into the game so
it's a tough one to crack dude i mean jonah quit gaming like the fucking main kol for gaming like
i'm done with gaming so it just shows you like where it's at he's done he's done bro so it's
just like it is a like it has good use case right like we could all
articulate like skins and csgo translate to entities and web3 but it's just like man like
just like how you mentioned like all these banks are coming in to create their own blockchains what
would stop something like csgo to launch their own blockchains and have their own digital
collectibles on chain.
Like, we're all trying to figure out, like.
Express of Blizzard was my example on, shit, bro, I'm going to bring it back.
On chain fucking TV, bro, I was using Blizzard as an example.
Bro, Blizzard got Infinity Bag, Infinity Devs, Infinity BD, Infinity, anything's infinite over there, right?
Infinite resource.
Why the fuck were they gonna
come build on aptos or or whatever whatever other fucking chain that that you could think of hell
nah bro they're just gonna have aspects that you really don't even know that they're on chain
because we used to talk dude you already know this chief in the express so used to manage a lot of
people from the gaming industry so when i asked him straight up yo blizzard what do you think about get the fuck out of here they told me
even when the sugar town shit because i thought you know they're backed by you know people out
here in silicon valley they said get that grifton ass shit out of here bro so i think though there's
room for what you're saying espresso like the rumors. Like, the rumors of GTA 6 will be crypto aspects.
But this, I buy all these skins and I take them home and I can sell them and fucking keep all the money to myself and take it off the chain.
Get the, bro, Blizzard would never, bro.
They would never just let you run off with their shit, bro, and sell it and make hella money.
Nah, bro, you got to do it a shady ass way.
Like, a lot of these
I don't want to say any of these companies. Well, you got to do it in a way that people don't like bro I mean
Even like maple stories the I guess the latest example you can only withdraw a thousand dollars from that chain unless you KYC
You can't even go make money out there unless you KYC to use the chain itself, right?
So it's like there is a level of control in certain hoops that people will jump through if they want to be in Web 2 and cater to these Web 2
people. And you're not going to like it because not only do they KYC, you technically can't play
MapleStory in, I would say, 15, 20 out of the most popular countries in the world. I think you can
only play in, like, fucking South Korea and, like, Canada or some shit. So, everyone using a VPN can't play, right?
Technically, you're violating terms of services.
And I think Den was one of the ones that came up here and just broke it down to us.
Yo, video game companies do not give two shits, bro.
If you spent millions of dollars and for some reason your account is flagged for hacking, that's it.
It's a wrap. Your account's banned. You're done done you're not going to play anymore and you can cry cry to
someone else well unfortunately you broke terms of services and you no longer allowed on our platform
right so same thing we're over here using vpns to play these games to interact with these tokens
oh do this do that right web3 gaming, this shit's not decentralized. We just skipped through
all the boxes that we were supposed to have checked, right? But let some bad shit happen,
or you get paid and try to cash out 10, 20 racks, and they find out you're in America. It's over.
You're not making shit, and you're going to get banned, you know? And then you're going to be
even more upset. So it's like stuff like that,. It's cool You want mass adoption but mass adoption comes with something that's completely
Unaccustomed to us right which is actual rules regulations and just a way to move
I just think we're just trying to figure out where like the crowd's gonna go and the crowd's just gonna come with with
With the games that they're gamings that they already play.
Like the games that are the most popular, if they want,
are going to launch their own digital collectibles and digital assets
and digital blockchains, and they're just going to circumvent anything
that's been built before it and just like take over,
like we just mentioned, like the Walmart coming into the mom and pop.
Like we have all these, we're trying to figure out like,
okay, what's retail going to get attracted to?
Let's invest now.
But like probably
Occam Razor here is that all these games are just gonna build their own assets and have their own
assets and they're just gonna convert them into a blockchain and that's what's gonna take over
not something that has been built by something beforehand so gaming's a tough one I mean obviously
it is as bullish that this Lotus Vault minted out because we're back in silly season stuff like this
would have minted out probably four or five months ago, but now we're getting mint out and flipped.
So it does kind of lead to us kind of entering kind of a more NFT season, a silly season where things that didn't make sense a few months ago are minting out and having flippable events.
So this is good for just, you know, people having extra liquidity.
They'll, you know, take profits from this and it'll flow into other nfts so we are entering kind of like the final stage here where
kind of the things that we kind of use our mid-curve brains I think it wouldn't have been
out mints out and that kind of leads to kind of more silliness and more liquidity in the space
because this flows into other assets so bullish they just raised another eight hundred thousand
dollars and the things are minting for point two. They're getting a lot of wheat offers right now, but if I minted this for 0.1,
I'd be taking my profits right now.
So that's like a, that's a nice little, like two and a half, three X right there.
So we'll see where it goes.
Chief, if you have anything else, you can pin it up, but I think we had a good show today.
That's all I got.
That's it.
We can wrap it up.
Yeah. Appreciate you guys stopping by the Daily Alpha. I'll leave all I got. That's it. You can wrap it up. Yeah, appreciate you guys stopping by Daily Alpha.
I'll leave you here for Chief to end it.
I will see you on tomorrow's show, and I'll see you in the Foundry.
Appreciate everybody that came out.
Appreciate everybody that came up on stage, contributed.
Allison, Cheo, Iceman, Scott, everybody that liked Retreat the Space.
Excuse me. It goes a long way.
It's how we're able to not only grow the TDA,
but get more opportunities.
On that note, we have some quantum oil whitelists.
Damn, sorry.
We have some quantum oil whitelists
that we're going to be giving out.
So if you guys manage to stick around all the way to the end of the show, you guys know what to do.
Likes and retweets on the thread itself, on Allison's thread.
And we'll announce the winner tomorrow.
I'll post up top the project itself so you guys can check it out, see if you guys are interested.
But it is teasing to be one of the first ordinal projects on openc if openc does add ordinals so could be
a cook just don't know how far or how long it'll be it is a free mint so we've been telling you
guys free mints have been the bangers recently so deserve to earn same as usual like and retweets
on allison's thread and tomorrow we'll announce the winners uh as uh also um we'll announce the winners. As also, we'll announce a slightly different kind of engagement campaign
that we've been doing with the TDA, the thread, and everything like that.
Shout out to Slick and Allison for putting this together.
So a lot of stuff cooking, not only for TDA, but for the Foundry as well.
So appreciate you guys for supporting us Tuesday through Saturday,
11 till 12, 1230.
And it's TD air,
stay poor.
Y'all have a good one. Thank you.
