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THE DAILY ALPHAβ»οΈ
Recorded: June 18, 2025 Duration: 1:02:40Space Recording
Short Summary
In today's discussion, key topics included the upcoming Sonic airdrop, Uprising Labs' token presale, and the Genius Act's implications for stablecoin regulation. Additionally, the conversation highlighted the growing interest in privacy coins and Bitcoin's potential as a safe haven amidst global instability.
Full Transcription
Thank you. Yo, yo, yo, what's up guys?
What's up?
Happy Wednesday.
Thanks for stopping by the Daily Alpha.
You guys know the deal.
We host a space Tuesday through Saturday from 11 to 12.
We have Allison's thread pinned up top.
You missed the show yesterday.
That is everything we discussed.
It's nice.
It's sleek.
It has all the links there for you.
So give her a follow.
She's been doing it for us for a few years now.
She appreciates the likes and the engagement on it and, you know, helped us build
the brand too. So appreciate you guys. If you can like and repost the space, got a new time. Just
want to get it out there that we're here and we're active and we're back. So we do appreciate you you guys stopping by and uh yes yes today um kind of is the day of uh fomc meeting so you guys just
need to be aware of that i think that typically starts probably an hour 90 minutes or so afternoon
right i think i think noon or 1 1 1 30 something like that so something you guys need to be aware
of obviously if you guys look at the prediction markets, nothing's going to change.
So what's really going to come down to is the dot plots, which this is the quarterly FOMC.
How many rate cuts we're going to have for the rest of the year?
One, two or more.
And then obviously we want to hear Jerome Powell maybe ease off being so hawkish and maybe be a bit more dovish around like, OK.
I like how I mean, i think it's just funny
how fucking trump tried to like it's trying to bully him the morning of you know like egging
him on hoping as if this is gonna actually change his positioning or something's gonna happen
if he gets called a bad word on the way into the office or something you know
yeah he's been on him uh calling him too late jerome powell but
yeah it's really you know nothing's gonna change uh ultimately today so it really just comes down
to if we're if we kind of go from the dot plot showing us having two to one rate cut you're
probably gonna see the market capitulate and if you see uh jerome powell also if we go from two
to one being hawkish you you're probably going to see the market
take a dip too. And obviously on top of all that, we have the good old World War III popping up in
the Middle East, which is just something that overhangs over everything. I guess Jerome Powell
could be super dovish today and say we're going to have three rate cuts and people will still
probably be stuck in the sand because of that war is kind of dragging out a little bit.
So I saw that they're like cutting internet there.
Banks are going down, which, I mean, kind of politifies crypto, right?
Like if you're a bank, you can't get your money out of the bank.
Definitely kind of showing you that, you know, crypto is kind of like an accessory to kind of war when kind of power goes out and you guys don't have access to your bank accounts.
So just more proof in the pudding that you should be in crypto and just more use cases of why people should be in crypto in general.
There was also some kind of, what is this, Iranian crypto exchange?
Nobix was exploited for 81 million, including Bitcoin that was permanently burned.
So a pro-Israel hacker group called Predatory Sparrow claims responsibility and vows to release Nobix source code and internal data within 24 hours.
Warning, remaining assets are at risk.
So you have war, but then you have on-chain war going on where you have Israel hackers basically hacking Iranian pro crypto exchange and basically burning their Bitcoin, 81 million of it.
So it's getting out of hand.
It's getting out of hand.
I don't know what to say about it.
It's kind of, we can't really control much of it.
Hopefully, it kind of de-escalates and there's some kind of peace here.
some kind of piece here um but you know i was showing you guys you know kind of the charts
uh last week of kind of like if you zoom out and look at the 30-day bitcoin price
this stuff usually plays out and it's usually a buy here um with this kind of seeming maybe a
little bit different maybe this is an anomaly and maybe this lasts for more than months in the end
and this kind of kind of brings us back down to lower levels but you know you guys want to
you guys do have any
spare cash these are great buying levels i mean all coins are taking a massive hit um people are
at each other's necks and that's what i was kind of mentioning yesterday with kind of stuff not
being as hyped as it typically has been um you know well people quit and we kind of starting to
see the rise of yeah people don't quit they go at each other's necks and you of starting to see the rise of, yeah, people don't quit. They go at each other's necks. And you're starting to see the rise of FUD, people getting mad at other projects and founders
and how people are interacting with certain things.
And it's just kind of, that is also a case too.
When people aren't making money and they're down on their bags, we can try to attack each other.
I mean, we have the luck.io thing where people are FUD people are basically uh basically roll bits sponsoring
this or backing this and they're giving five hundred thousand dollars to people to post it
monthly people are bitching about that people are bitching about abstract chain people are
bitching about kol deals there's just there's a lot of bitching going on the timeline and that
kind of what is i was suggesting was kind of feel like it's going to start happening more when kind
of stuff isn't going as we planned. And it's not great for morale.
You know, we are a small section in the space, but just like be cognizant of what you say.
You can, you know, speak your mind.
But, you know, people are still going to be here, you know, when the market pumps.
And you don't want to like burn all your bridges just because something didn't go your way in one week or two weeks of the year.
So I want you guys to be aware.
I'm starting to see more people just attacking each other. And let's calm down a little bit, guys. I know it's not just
that. I mean, I think it's more of a macro thing that the reason why things are pumping more than
just like, oh, this KOL showed this meme coin in the telegram and didn't pump like they say they
would. So let's calm down on that shit. And then also the Genius Act, which passed yesterday. From my understanding,
this goes back to the House for amendments. So they kind of compromise on a few things,
put some amendments in, and then it goes to Donald Trump's office for a signature. So
that will probably happen sometime this week or next week. But just, I know a lot of people are
kind of confused at what's going on. So this guy did a nice little thread on what actually going
on with this. So the Genius Act, in simple terms,
the U.S. wants stablecoins like USDC and USDT to be issued under strict banking rules.
Why? To protect users and prevent risks and bring stablecoins into regulated U.S. financial systems.
The licensing requirements.
All major stablecoin issuers must be federally licensed or state approved
and meet strict transparent standards.
This puts crypto dollars under real financial supervision,
backed one-to-one and fully auditable.
Stablecoins must be backed by ultra-safe assets, cash,
U.S. treasuries or debt or other liquid assets,
monthly reserve reports required, big issuers, mandatory yearly audits,
AML and consumer production.
All issuers must follow the Bank aml and consumer production all issuers must follow
the bank security act including kyc rules anti-money laundering procedures and strong
disclosures and treasury level for the dollar value right and i mean you can even see that in
the rhetoric of how they talk about this bill as they see this as a like savior for the dollar like the actual u.s dollar because
of the fact that these have to be backed one-to-one right technically everything else doesn't have that
kind of stipulation or anything like that only traditional banking rails do and so now you're
going from having these just fractionalized liquidity pools or floats versus actual circulating supply etc
where one-to-one isn't technically even possible unless you create your own reserve or anything
like that right well now people are going to have to have these dollar bills in actual dollar bills
which is going to be the interesting part too so i mean it's just kind of trying to
stimulate the dollar and give the dollar a use case as it's becoming irrelevant also you know
yep so definitely that is what they are trying to do you heard david sax which is the uh crypto
salt czar saying this makes the dollar like reign supreme and then you obviously our debt
which no one wanted to buy two or three weeks ago
well people are going to have to buy our debt to uh create these stable coins so it definitely
is good for the american dollar which is the leading coin currency in all the world um to
give it a little more uh buying power people have to buy it if they want to create these businesses
with stable coins so big banks and corporations are next with new laws open the door for JP Morgan and Morgan
Stanley, Amazon, Walmart, Apple.
All launched stablecoins under the U.S. regulation.
Expect a tidal wave of interest in 2025.
Why is this good?
Regulatory clarity finally gives legit rules for stablecoin issues and operate under.
Bring stablecoins into the U.S. banking system,
making them harder to ban. Give state license and issuer passporting rights and operate
nationwide. And big institutions can now participate without legal risks. More adoption likely.
One-to-one back. Audits increase. Trust in stablecoins. Less risk of DPEGs. And then why
is it bad? Only banks and regulated innings can issue stablecoins equals massive barrier for crypto native players.
Treasuries and regulators can freeze or block assets, especially from foreign issuers.
You've already seen that.
And secure severe penalties for unauthorized issuance up to $1 million a day in five years in prison.
AML surveillance requires equals kills privacy preserving stable coins could crash decentralized
for foreign stable coins so uh d die lsud and tether if they don't comply so there are foreign
stable coins um if they don't comply then they could be banned um so it's a little bit another
thing too like that's what i said the kyc aspect it's one of those things that not a lot of people are talking too much and to a certain extent you you know you're kind of normalized by kyc and web
2 i mean but that's i guess the biggest problem is that yeah that's a web 2 norm ultimately web 3
was supposed to you know not create the same barriers with just new tech. It's expanding
horizons and being able to do what we couldn't do beforehand, right? And ultimately, there's
different ways to not KYC. There's privacy chains, Monero, and that'll start to now steadily increase,
right? And use of those will start to increase. But yeah, I mean, I think that's one of those things that,
yeah, it's good for long term.
It's good for, once again, what is it?
The officiation, right?
Validation that this is a legit industry.
But ultimately, it does go against the traditional freedoms
that used to come with crypto, right?
Like we're giving away freedoms in
order for regulation yeah that's kind of what i'm deeming here too i mean i guess when we saw
when you just i'm just a lot of that and um we're kind of giving away like you said the kind of
decentralized nature of this people could freeze bank accounts um they could ban stable coins if
they're not backed by certain currencies and it was kind of like the the what was better a cbdc or a stable coin and they very
they sound a lot very similar um so i guess we are giving away yeah it's basically becoming the
exact same thing basically right yeah it's becoming the exact same thing as a cbdc i mean
one was just going to be issued by the government now. We're just gonna have these issued by
smaller
individual entities that the government runs
You know, so it's like it's the same shit, right? You just oh no not the Fed
Cool, then you'll just have to get it from all these other companies that depend on the fed
for their livelihood so they're gonna do whatever the puppet master says anyway
yeah the just like bitcoin being adopted by institutions and now we have stable coins that
are ran by fucking by you know by back by yes yeah so charles was right that's crazy bro he's out there with the pigs
looking and laughing like decentralization matters just eth ada and bitcoin are the
only ones that are going to kind of be left at the end of this yeah yeah yeah i mean i do think
privacy coins are the new bitcoin. Like I've been saying,
governments hate you having privacy. And so I do think that's going to be more and more relevant now that they can be able to freeze bank accounts. And the world's going to be moving the stable
coins and their own stable coins. You do pop off, you say something bad about Walmart,
fucking freeze your fucking Walmart stable coins. So I do think privacy coins are the new Bitcoin,
people's coin. You got to go against the grain and do things that the government hates.
And I do think privacy coins will slowly but surely be more and more popular
the more and more you see examples of people losing their money
because they say stuff on the internet and just in general.
So yeah, just be wary.
I mean, it is great for our bags temporarily,
but long term, this isn't great for decentralization
like we kind of came into the space what was clarna wasn't clarna the the one where you can finance your your qdoba
or your your chipotle wasn't that the the level i never knew how to say that shit qdoba that's
crazy yeah i know i used to call it like i don't know what I did but definitely not that but yeah, it's the buy now pay later app
I mean, I think they they're down like
We had some crazy headline from carna probably about two to three weeks ago
They're down. I think ten million dollars since they started that shit for uber eats and stuff
None of the kids are paying back their loans on their burritos and their Coachella tickets
So yeah, they're fucking going underwater.
Like who would think that Zoomers that don't have any money would actually pay their loans?
But there are 15 million payment giant.
Klarna says that it'll set Bitcoin and crypto.
They now have 100 million global users huge.
So not saying any of these people actually sell their Bitcoin to pay off their fucking burritos.
But that's an option now, obviously.
And then obviously this morning we had a lot of other companies.
Well, see, the interesting thing about that is that I talked to a couple of companies over there at the Bitcoin conference. And that's the route that a lot of them are doing, right, or seeing as a future option.
doing, right? Or seeing as a future option. And I don't know, dude. I mean, I'm really confused on
that end because of the fact that it's like people aren't obligated to pay back their loan for a
burrito, right? Like I get the idea. I get the, when you traditionally are approved for any kind
of money, right? You're approved and you have access to the money before you even own the asset right as you're paying off the asset you
have access to it so for example your home you go and apply for a home loan
whatever it may be you put the deposit down you're technically granted a home
loan of a hundred and fifty grand and the bank just escrows and keeps the the you know the
quote-unquote smart contract for that 150 grand home why right so that's where a lot of these
companies are trying to to come into crypto and try to spin that one i just don't think that they
understand the actual degen nature of of motherfuckers on the internet who really believe they can just turn off the computer and just be like, you know, get fucked.
And then the thing about that, too, it's like you need your home.
Like, you can't just go out and get a new home very easily.
It's not that simple to restart, assuming that's the route you go.
Right.
You can't just say, no, I'm not going to pay the home loan.
I'm going to just continue moving on.
You don't need an ordinal.
You don't need a JPEG.
You don't need a burrito.
Like the burrito is gone.
It's eight.
Like, what are you going to do?
How are you going to get it back?
Right?
And I think that that's the issue that you're going to have
and you're starting to have with Klarna
is just people don't care about what they're technically financing. They're seeing this as a way of getting it for free, not a way of paying this back later,
you know? And it's like this idea of trying to associate it with one, a generation of people
that were raised completely different, right? Of credit is everything. And that's how you do houses and all that shit and then two another generation where no one cares so that's the difference i mean i don't know i see these
companies popping up and you know ordinals uh jpeg loans shit tokens right taking out actual
loans against bitcoin and stuff like that and to a certain extent yeah that makes sense and bitcoin
yeah but the other stuff people i mean you don't really need these are all luxury items yeah and it's also seeing them just like adding
you could pay with bitcoin is just a misunderstanding of what bitcoin people actually think like
remember you told me the story about the woman in vegas i was trying to set a guinness world record
for everybody selling their bitcoin at the same time and having the most transactions yeah she
just wanted people to go through the payment processor and flex that she got you know oh at
the bitcoin conference we had the most bitcoin transactions ever in one day yeah and just people
don't use bitcoin as a payment transaction no people i want to mean a real person be like damn
how many blocks did you fill well none it was. It was throughout the whole day. Oh, well, okay, that's cool.
Yeah, it's like it's one thing of adding Bitcoin to your treasury.
It's one thing of saying, okay, now we accept Bitcoin for payments.
Like, that isn't a great, no one's going to spend their Bitcoin on paying fucking loans.
So it's like, great, great, great to like market your fucking company, but it's not a use case for what actually people use Bitcoin for.
market your fucking company but it's not a use case for what actually people use bitcoin for so
it kind of seems like some zoomers running a fucking social media or company and they just
don't understand what bitcoin actually is and they're just trying to hop on the wave and shit so
that's that's kind of how i feel about it but we did have some announcements of more
companies adding just crypto to their treasury japanese Japanese fashion brand ANAP buys 31 Bitcoin, 479 million.
They plan to buy over 1,000 BTC by August of 2025.
So a lot of Japanese companies like Metaplanet
and some other gaming systems are doing that.
We had some more people buying hype this morning.
Lion Group, they bought some more hype
along with Tony G re- They bought some more hype along with Tony G,
re-bought some more hype.
We have publicly traded,
a DDC enterprise plans to raise up to 528 million
to purchase more Bitcoin.
So you're seeing every day,
more and more, more and more,
more and more publicly traded companies
adding Bitcoin and crypto to their balance sheets
and it's pumping the stock price. I was looking at the Lion Group this morning. It obviously had some
insider trading because it pumped like 38% yesterday and then dumped on the fucking news.
But it is at $3.53. It was at $7 this morning. So there are, like when we do kind of notice that, yeah, this
could be a great trading opportunity for some of this stuff. Some of the stuff you got to just pay
attention. It was their insider trading before this actually was announced. And this one pumped
38% yesterday. And then when the announcement happened, it was buy the rumor, sell the news,
and everybody dumped their stock. So not every one of these that actually lists hype or Bitcoin
on their balance sheets are going to pump the same ways. You not every one of these that actually lists hype or Bitcoin on their balance sheets
are going to pump the same ways.
You want to find the ones that kind of look dead
and then kind of steadily rise as the news comes out.
You could definitely get in the first hour or two
and definitely make some money on this stuff.
But yeah, that one was, I looked at it this morning,
had like a crazy pump yesterday.
Obviously, people knew about it.
And then once it was announced it
fucking dumped just like a fucking kol but got insider information on a fucking coin so
just be aware i know that i was talking to you guys about trading some of these on stock market
and stuff like that is just you know be wary on some of these make sure you look at the four hours
and the dailies before you ape into some of the stuff because i know some of it is kind of like
you know formally when you do first hear about
it on the timeline so just wanted to bring that up to you guys um and i think the last macro thing
is is silver just hit another all-time high um closing price is more than uh the highest in 13
years so people in general are looking for scarcity they're looking into gold they're
looking into bitcoin they're looking into silver silver when crazy shit happens in the world. And this reiterates, I do think Bitcoin is having its
day and it's holding up quite nicely. And if we could get through this war and we stay above 100,
I think that galvanizes that Bitcoin's here to stay. It's here for chaos. It doesn't matter
what happens in the world. It's not this shitcoin that people think or a scam anymore.
It's actually people a flight to security.
And I think if we can get through this next week or two, I think that justifies the base here of like we've been sitting at 104 above 100K for like six weeks straight.
And I think if we can get through this last part, we could get some trade deals launched, which are kind of on the back burner right now. I think that could possibly be the ammunition to kind of break
us back up to all time highs. So definitely interesting day, man. It's definitely interesting.
Obviously, Jerome's going to be speaking later. And we have the Genius Bill Act is going to be
launched later on this week. And then just in general, we're just waiting for some peace in
the Middle East because this is getting a bit crazy.
And I'm hoping that JD Vance or whoever goes over there this week and they do some kind of peace deal to kind of qualm the winds over there.
So that's a little on what I got.
I guess we have the Sonic airdrop today we've been waiting for.
Not much news on that.
They did say that it's getting listed on Binance and shit like that.
Season 2 of the Sonic airdrop is starting today.
K2AI goes live on the 27th.
So they're going to have a Kato leaderboard,
which I guess will get you social points
will be reflected retroactively starting today.
Start yapping.
4.65% of the remaining airdrop
will be dictated to yappers.
So if you are someone that's bullish on Sonic,
you start yapping about it. You will basically get 4% of the remaining airdrop sent to yappers starting on the 27th of June.
So that's something to be looking at.
Obviously, they'll probably, you know, ramp that up with season, kind of season two in general.
I know this is the first season.
I guarantee that yapper leaderboard will make you qualified for season two if you can if you keep yapping on the leaderboard so i don't actually know when that drops or when you're
able to buy or be able to claim that but it's probably sometime later this afternoon so just
wanted to bring that up that was something a lot of people have been talking about for the past
few months what about you see uh oh real quick i was just gonna put did you see fucking uh excel has gone fully on chain with the file verse so excel the actual
like spreadsheet um is now fully decentralized and on chain uh through ethereum you can publish
it directly on eth on bitcoin or on soul um and use it as just like a global database now right like so this is is kind of a game changer
fully integrating it with dune analytics fully integrating it with anything that you'd like or
you currently do spreadsheets or uh just databases on right sql um so fileverse is what it is. It's actually getting retweeted and cross-shared through the
Ethereum Foundation. And I just put that up to the top. Yo, did you know they even have Olympics of
this? Like one of these days when you're bored and, you know, just whatever you got going on,
go look up the Excel Olympics. And these people like hate mice, right? They don't use the mouse on their computer.
They're fucking just like keyboard nerds.
And yeah, dude, it's kind of crazy to see.
I've gone down that rabbit hole once.
But yeah, I'll post it up to the top.
I just thought that this was interesting
because definitely something I never thought I'd see coming.
But makes sense, right?
If you're going to start, if this is a ledger,
if this is a public database, I mean,
we're going to start seeing tooling that we see in traditional database world
For this kind of stuff and then people are gonna be able to open source that so is there a poly market for that?
Excel Olympics like could I like bet on like the top guy like win?
No, you should definitely look it up. I'm telling you dude. It's the craziest
I went down that rabbit hole once and cuz I didn't think it was real but yeah it's a whole olympics for
excel people and it's like yeah fuck mice we don't like those you know give me a keyboard and
yeah it's kind of crazy have you seen have you seen the enhanced games that's coming out in 2026
which is basically the olympics but they're letting people fucking use steroids
no that does sound pretty cool it's pretty cool i want to do like the olympics but that we get
a regular person like you know i think every country should just pick or just a random
fucking joe from there like yo like hunger games. Like, someone walks up to your door and it's like, hey, man, you were selected for the 100-yard dash.
You got six months.
And you're like, me?
And you're like, yeah, dude, you.
You're going to represent, like, America, your fucking country.
Like, that would be top-tier just event ever.
What up, Iceman?
I'm definitely, yeah, what up, Iceman?
I'm definitely watching the enhanced games because with the Olympus in general,
the athletes get fucking screwed, dude.
They only make their money off advertisement deals.
And the Enhanced Games, they're actually a $1 million payout to individuals
that win a swimming event or a race.
And they basically can use as many steroids as you want.
Obviously, you're going to be um basically screened by
specialists to make sure you don't kill your liver but i do think that's going to be something that
you're probably going to be seeing on polymarket in 2026 the fights bro like the side fights
it's gonna be dope it's gonna be dope go ahead ice man my bad i was going off no no you're good
man tdsa poor uh i'm on borrowed time, so I'd hate to hit it and quit it.
But I'm at work.
I'm going to post some stuff up real quick to the Jumbotron.
Uprising Labs is going to be doing a presale for their token.
That's going to be coming up soon on the 24th of June.
They're related to, obviously, the Somnia Network pushing a bunch of
Web 2, Web 3 games.
That's something to look out for.
Here's the
tokenomics a little bit
breakdown. They're still going to be
coming out with some stuff.
And then another thing that
out of the Cato
kind of the MegaEath
network is Camp Network.
I don't know if you guys are going to talk about that,
but also they're doing a mint tomorrow over there on Rarible.
So if you need faucet, you can go through there and check out their website
and get some Camp Testnet token.
camp testnet token and then uh looks like they got a public mint for 0.02 eth until it comes out
thousand supply so big we're big heads up there with the camp network they're doing some big
things so i just see everything on fucking kato right now i don't know which one to go into it
just like i don't have enough bandwidth to go into all these and i see camp network on there a lot i
was like what is how is this different than something that we already have I don't have enough bandwidth to go into all these. And I see Camp Network on there a lot. I was like, how is this different than something that we already have?
I don't know.
What is kind of your TLDR and just Camp Network in general?
What is it kind of like solving?
To be honest with you, I'm not too sure.
I'm kind of slowly getting more back into like Mega ETH with the Kato stuff.
I just kind of just burnt out on the Somnia a little bit with gaming so i'm just kind
of switching up a little bit here and there um it's just something new uh on eth you know it's
just kind of dabbling out of the soul situation but i'm gonna look into it and check it out a
little bit more yeah there's that mega eth mint that's today is silex um said it's a 999 nft
collection it's a storytelling to the first free.
I guess not free.
They said it was free, but it's .03 ETH.
They have First Come, First Sir.
I guess they have the Phase 1, Phase 2, and Phase 3.
I've seen a lot of big KOLs.
I think we even have a partnership with them for Phase 1.
So that is going live today.
It's going to be on
eth mainnet it's on open c i think it starts at like 12 for phase one i think is 90 minutes
afterwards so if you guys are looking for another mega eth nft other than bad buns
uh this one seems to have the motion right today and uh yeah they did some weird like
like uh fucking messaging or something i don't know if it's because they got a little hype either.
But I went back and checked.
And then it says, I guess it was the first free anime project.
And then they had to clarify that it was first free on Testnet.
Slash paid for on Mainnet ETH.
I'm like, yeah, but you still got to go to mega eth now i'm confused you
know so just one of those things that like yeah just make your money enjoy yourself and that's it
yeah i mean i saw that too that's what i that's what i commented on like when i first did it it's
free and it's on it's anime and it's the first you know it's on mega eth and they're doing it they're
doing the thing and then when i see the launch today you know obviously we we're like i thought
this before anybody and we're you know on it and they're like oh yeah yeah and then we're kind of
put from phase the first phase to the second phase and now it's 0.03 eth instead of free
it's just kind of kind of uh kind of weird you know i don't know that's a red flag this and that
i don't like to get too much into fighting just because you know some of this stuff is personal
but i do think it's a small supply 999 obviously anime art there is nothing like an azuki nothing's
ever going to be azuki so i do think this is a flippable uh football nft and uh it's on main
net eath so you don't have to deal with kind of like the bridging
factor i know that main net make eat isn't live yet but just wanted to bring that up it is kind
of they're changing their dynamics with that kind of stuff and that kind of brings up some red flags
in general but uh just nfts in general are kind of popping off chief i know a lot of people are
kind of bitching and complaining about just the space in general but people are saying pivot the nfts
pivot the nfts we had tyler hobbs sell something uh was five mint five eath uh it's sold out um
it's below mint right now we have replicators or replicandy with my matt fury that's an open
edition that's going live right now we had uh toads toads whip back with the gristle buddies uh 0.069 got all the way up to 0.58 last night
that was the most liked yeah that dude is hilarious i didn't know much about it until
yesterday and i started going in to him as a character the guy is absolutely the funniest
person i think i've ever met so i think he's just bullish for the project in general. And he has a lot of big art friends.
Beeple.
Yeah, bro.
That's what I was saying.
That's what I wrote last night.
All these people.
It was going to be a guaranteed cook no matter what, right?
I mean, even the Beep Broncos and shit like that.
Most of all his collections are sitting above, roughly above that, whatever these Gristle Buddies are right now, right?
Only ones that aren't are Editionworks.
So just stuff like that, he always takes care of his people.
He has since the first one.
The first ones were free.
It was a bartering system, right? You can come over and you can trade like uh cards adderall fucking clothes
whatever you had right he would trade take uh as a trade for the first drop that was a glitch marfa
probably about two to three years ago and then since then he's just been cooking man so and he
just creates fucking everything's meat-based and like raunchy right it's fuckable and it's meat-based and
just yeah not for your average consumer so to speak you definitely have like a bitcoin puppets
and goblin town vibes like some of the meats are like doing cocaine and it's just kind of
it's funny dude and the dude's hilarious he's like i own 12 trampoline centers in northern
michigan i've gone to college at the University of Phoenix online.
The dude has very dry humor.
I was listening to his Roger Dickman podcast.
He is in character for fucking hours at a time.
That's not character, bro.
That's genuinely him.
It has to be if he's in it for that long.
Yeah, that's the crazy part.
He's genuinely that crazy and wild.
Like I said, the first installment was just him behind a counter with all his artwork there.
And you could walk up and you're like, what's up?
And he's like, well, what do you have to trade?
And people were like, well, nothing.
And you just, oh, I got an Adderall that I was going to take later.
He's like, yeah, I'll take that.
Let me get some shrooms or whatever drugs you had.
Hey, I got some condoms and i'll take your shirt and then you have people like leaving to
go get something to come back to go trade and you know it was fun it's something that stuck and it
lasted like it was an experience that lasted for everyone so i'm gonna post just like just the holder base in general is like more art centric holders like
you have uh a sunday uh what's his name sunday funday which is a big um bone holder you have
vincent vando you have dimitri cherniak you have k dean so this isn't like your typical like dgen
nft alpha groups these are like actually art collectors that are holding this shit so
could have a little more upside I've seen Demetri Terniak talk about it and you might
just have some art people in just in general that'll start oh yeah this will consolidate
until there's none left that's the thing about art it's a very privileged style of collecting
and participating in this space but it's long-term game and it just consolidates until there's none
available and then everyone talks about the fact until there's none available, and then everyone
talks about the fact that there's none available, right?
I mean, just because we're on the subject of art, and then some of the people that we
have here from TDA are even participating in this.
You got Patrick Amadon airdropping some of his work, right, to people who are just participating
and collecting art.
I think Emlo got featured earlier today.
There was a couple other AI artists like Mutagen Samurai and just more artists that drop Patrick or Highlight.
And if you mint any of those pieces, you can then be eligible for one of Patrick's works.
Patrick's work itself, I mean, he's worldwide and actually famous. And just it's dope, right? I think
the piece itself speaks volumes if you're into that kind of political work or just something to
vault. But the works that you participate in, none of them are really expensive, right? If art is
becoming a talk or a subject of conversation, are all edition works so most are like 20 bucks to 50 bucks
and then you can double down and win one of patrick's stuff so i wanted to put that on
you guys's radar and then next we got depo right which is dk motion um dropping his second Genesis collection. So went a little bit on a deep
dive on trying to understand this, right? For one, these are on shape for anyone that's interested
or didn't know, right? The Genesis ones are. The second drop will also be on shape. And that's a
artist based L2. I guess that's the easiest way to put it.
It's an EVM-compatible chain.
You can swap directly into it.
This is where that meant yesterday.
The shapelets dropped.
Sorry, I had a sneeze.
Where the shapelets dropped.
Anyway, kind of some context so the genesis ones were awarded to anyone
who minted or claimed their shape airdrop early on very early when shape went live you got a ticket
that allowed you to go get a genesis one for free right so if go, you look for prices at 0.6,
but understand that these were given a free
to a lot of people,
which is important when you think about supply control
and just how this will trade.
Next, price is up roughly about 60%
over the last two weeks,
probably in anticipation or preparation
for these Gen 2s. If you you have a gen one you're automatically
guaranteed and then he goes into how exactly you get it into you know the next these are all
characters that are one of one right of x right one of one but part of the bigger collection
and then some will actually have exclusive rare traits based off of things you
collect and have in your wallet. So all that information is pinned up to the top if you want
a DK piece. I mean, characters are fucking dope, right? DK's legendary. First mint will be June 23rd.
Second mint will be July 23rd. Third mint will be August 23rd.
Gen 2 depols will be available for shape community, gen 1 holders.
Open C depol or deeply item minters and the price will be .069.
So relatively cheap.
Now, no context on what shape community means i don't know if you need to have
some shape token and then that qualifies you for maybe a community member role in a discord i don't
know how many pieces on shape you need to own let's just say you want to go buy art and invest
into grabbing one of these pieces no one knows that yet so that's kind of the context that we're looking for. Mint one probably won't be for any of that, right? It'll probably be directly for Gen 1 holders. So we'll probably get more information before the 23rd and you'll have a 10% 20% green candle
rather than you know go spend
a couple of ETH on nothing
right so go check
it out if you're interested if you've ever wanted to
collect also remember this is
on shape that will affect how
this trades if this was
clearly on main net or anything like that
I mean price action
would be completely different
it's like our nfts are kind of getting the giving the bid right now sort of kind of a notice so it's
definitely good to see that it's a different collector base there are more holders than traders
so definitely something to look at i don't know like the applicators are the replicate candy bet fury's doing i think that's
an open edition dude and man there's so many like mixed emotions about him because he just releases
mad mad work and you can't hate on him because he's an artist but and then there's like the mixed
like oh well he dumped the coins it's like yeah because he didn't want to create the coin you
know so it's like i don't know you really just don't know what his real intentions are because he doesn't want to be
associated with specific things but then he goes out and drops a collection or multiple collections
right afterwards yeah the zog i mean the zogs which were part of one of the open sea achievements
you could have got like a verified n that was an art NFT and it could
have got you it for 0.05 but it's like just like yes it's Brett it's the it's not actually Pepe
and if you didn't get it 0.05 you're basically spending 0.1 ETH for a limited supply collection
and I'm just don't think that it would probably be worth if you are looking to flip if you want
to collect art collect art but it's like people are looking to flip, if you want to collect art, collect art.
But I was like, people are looking at this, like, should we get in?
Should we get in?
I'm like, it's an open edition.
I don't think that it's probably going to be something that you're going to
make a lot of money off of it.
If you like it, go do it.
But a lot of people have a problem with anything above.
So it's .505 ETH.
And so when you see that .505 ETH, you know, people are like, oh,
should we get in now?
I'm like, no, probably not.
Like, it's probably maybe buy on secondary, when the mints closed and you probably get it for cheaper so
definitely art season in general it's good i like it um but did you get into the virtuals
back room thing chief i know that was something that was next on the virtuals protocol this morning
i'm in g jail because of iris remember yeah that's right i think let me see all right let me see how long i have um
yeah so i mean i can play the token and i can earn something like that granted like you're not
completely messed like um let's just say out of the game if you go to g jail you just don't get
your higher allocation for like your daily bonuses for yapping for anything right you just get the little shitty
amount that they give you for staking which is literally a shitty amount so it makes it very
very hard to like i said i mean i bid thousands of token and they accepted me for uh 58 cents on
iris now i mean if i have even less tokens they they're going to, like, I have three points, you know, and I get out of GGL in five days.
So nothing really I can bet.
I think it was 700X oversubscribed, I guess what I saw.
I think it got up to a high of 6.8 million.
I think it's down to like 2.8.
So I don't know how much that would have been worth.
I know, like, we're kind of seeing diminishing returns over and over on this stuff.
And so I've been kind of looking for new opportunities.
People are kind of doing something a little bit different on different chains and stuff.
So I don't know if this is just one that isn't that popular.
I mean, this is basically Frientech all over again.
So I think it's kind of trying to redress the Ponzi and try to do these keys.
And basically the only difference is
AI summarizes the room for you
so you don't have to sit there
and follow along all the day.
So it's kind of cool.
But yeah, seeing this going, get to six
and then back to two,
I think Iris got up to 60 or was like 100
and like bottled out around 60
and now it's down to 20.
So it definitely seems like
this kind of the game on virtuals is kind of over farmed. And then that means for us to have to go
find new opportunities. And I've been looking at creator bid. There's a new one called Prisma X
that I've done write-ups in the discord for. And those are the kind of ones that I'm looking at
as kind of a different spin on what the virtuals protocol is doing since it's kind of overfarm.
We've got to move on to the next one.
We kind of called this out when everybody was overfarming Cato like two or three, like, you know, 90 days ago.
We told you guys to pivot the virtuals and it's been beneficial.
I'm seeing this getting overfarmed right now.
And we have to pivot to something else if you guys want to keep getting new returns.
Because when the crowd's over there, that means the pie slice too thin, bro.
Well, the thing slice about that too
yeah and it's one of those like i said you got to build your stack it's not just move your money
over there and you're you're ready to go and start cooking right it's the people that have been there
for the longest time staking all these other uh lower tier agents basically being in the hole
going back buying over and over and over and over and just
staking. And then eventually you just got to pick, right? Hey, this looks like it's oversubscribed or
I got a good return and I'm going to just risk the G jail. But ultimately you're bound by your
stake limit, which is something that I guess is not new, right? I mean, staking being 100% locked
up and you not being able to sell receipt tokens
or anything like that is just, that's normal.
But it's not something that's normal this cycle, right?
Typically, you can always unstake almost instantly
or you can sell those kind of receipt tokens
or restart the loop and dip that into somewhere.
You can't do that with virtuals, right?
Once your virtuals, right?
Once your virtuals is locked up, I mean, it's locked up.
And you can access your virtuals
through a secondary platform and they can tap in
and you can do something with like ST virtuals and all that.
But it's not a free liquid token that you can move around
and just go sell on the open market for XYZ.
So you kind of just stuck to the game for a little bit
um depending on how long you did it yeah are you looking at new things now like are you sticking
in there are you feeling like you need to kind of uh take your money out and move on or you just
kind of continue to kind of i mean i i'm i guess i'm locked up for way too long. And like I said, I use my, my, I blew my load on this Iris drop and it's going to take forever.
Once I get out of G jail to start farming that back up.
So I'm kind of more so passive on it now.
Just waiting for my, my actual state Kato.
I mean, Kato state virtuals took and just let that ride, you know?
Because like I said, you can get...
How many days are you in jail for?
How many days are you in jail for?
Because maybe a lot of people did the same thing as you.
Oh, they did.
So you won't see like that renew of liquidity until everybody's out of detail at the same time, you know?
Yeah, no, 100%.
Because, I mean, Iris was literally, I think, a 600x like returns right and so a lot of people just said
it and sold and a lot of people are just stuck um not being able to participate right
um you're you're it's nine days so i got eight more days to go or seven more days to go
so i mean as someone is marketing or someone trying to launch on there i would be
cognizant of that and you know plan my drops around the g jail like the g jail one so if i
was i would wait until next week uh if i was going to do a hyped virtuals drop until all those people
that yeah i got five days and seven hours and that's someone who sold iris as soon as iris drops
So the vast majority of everyone's in the same boat
I guess we'll kind of really figure out if that has if it has staying power when you guys are out of detail and there's a next
But that's the thing about it, right? I mean for virtuals itself
You can earn more points just going on the website and buying the agents tokens and was trading that
then you do staking the shit staking is not worth it i mean the base allocation you get is very very
small compared to iris just launched you go over there you buy 500 bucks and sell 500 bucks and
take a 10 haircut right Like you'll actually farm hundreds
and maybe even thousands of points doing that
than you would the base for 500
because you staked virtuals.
Even Vader's, staking Vader
gets you more baseline points in allocation
than just staking virtual,
which is kind of broken in my opinion.
I can't, I can't hear you, bro.
Yeah, your mic is a little bad.
I'm going to post. What do we see?
We have those two.
Oh, okay.
So this right here, I mean, it just recently dropped another info file.
I'm going to just post it up to the top for you guys.
No real info, ironically.
But it looks like it's going to be kind of another profile analyzer.
But it looks like it's going to be kind of another profile analyzer.
I think these and a couple of the influencers retweeted it, liked it, or some shit like that.
And it's just been kind of hitting monitors.
Sitting at, what, 170 followers.
So, y'all go check it out.
It's literally starting to ramp up right now.
Be careful.
Do not connect your wallets and all that shit to random accounts
right especially because all this info fi shit is getting popular right now i told you guys
yesterday to go through your connections on twitter this is what i'm talking about same
shit just be careful because that's ultimately what all the infoFi needs is a wallet connection.
Next, ethos, right?
I mean, we brought ethos here early.
We had Serpent on the show.
He broke everything down.
We gave out, what, 50 plus invites.
You are now able to leave out and leave anonymous invites, right? So if you've ever wanted to just talk shit and you're upset that you couldn't do so because Ethos is tied to your account, you can now leave anonymous invites, anonymous reviews, right?
And they're also doing season one.
Season one has been live for less than a week.
So you don't have much. You go
and contribute once every 24 hours. It's 12 questions and you can even skip every single
thing. You don't have to review anyone in that contribute portion and you still qualify for the
daily active bonus, right? And you qualify for the streak. So I think it's under farmed the same way it was under farmed
the first time and they basically gave away 10k to over 100 people so putting that on you guys's
radar once again check it out right connect your wallet i mean the extension is pretty dope it's
becoming more and more of a norm you can see the the extension on OpenSea, on Magic Eden,
and on all these different InfoSci platforms as well. They're integrating ethos, right? When you
hop on a stage to listen to a panel or you're watching a space, you can see if all the people
are new, brand new accounts or not, right? Just from how it looks. So it's serving a purpose that's a little bit deeper than what i think most people had originally anticipated but yeah putting that on there season one just started
go check it out if you're not there uh yeah get there we've been waiting for like a yelp of web
three and it's kind of in the early stages but if people continue to use it for the next let's say three to five years this is going
to have a massive database of basically who's credible and not and so if this does take off
you're going to want people to be have you highly scored because when new people come to the space
they're probably going to be told to download this so they can cut through the noise and if
you're highly ranked you're probably going to stand out above people that have probably scammed
people in the future so yeah dude this is this is something that's been needed for a while and
it's just interesting to kind of see it like develop right before our eyes and like it's now
getting integrated like you said into spaces well people i mean it's that thing it's like oh it's a
fed app and okay cool yeah but to a certain extent it's providing information and data itself doesn't
make you a cop i mean ultimately what the data
is saying about you is what makes you a cop or not a fed or a scammer or whatever it is right so
i 100 100 agree and it can't just be one person that says something bad to you that's going to
make you go below 900 right like it's a massive amount of people that have to comment on this
uh to get your score bad so the sample size is just going to continue to have to it's a massive amount of people that have to comment on this to get your score bad.
So the sample size is just going to continue to have to,
it's going to be bigger and bigger every year to grow.
And say you did get funded by somebody early on, you know,
if you become good at something and you make people make some money or you have,
you turn around, I think there's enough time to kind of build your score back up
to be more reputable.
And I do think this is going to be one of the indicators,
new people coming to the space to kind of who they're going to trust and who they're not going
to trust so uh bro go ahead my bed pinned up top is the nameless mint this is a new mint slash kind
of i guess one of the more hyped mints on sofon they've been doing a media tour with miggy and just a whole sofa on crew right the from the chain itself
um and it's pinned up top it's june june 25th supply is 4 444 price 0.025 in sofa right so you
have to have sofa and then the information of like marketplace and all that kind of stuff
hasn't been uh announced so pinned it up top if any of you guys are interested or on the white
list i think this will do really well uh and i mean this and the remiliacs or something like
that or the kind of the talks of the town for sofon right now yeah this one's going to be good
4 000 supplies a little high but i still think it
will it will do well just because it's backed by the sofon foundation and so i think the art's
unique they've been doing good marketing in general some of their videos are pretty cool
um and so i think they're doing a little bit more than just the pfp collection in general so i think
there'll be more news on what this what they're actually doing uh after the mint so so fun definitely
heating up kind of a new chain new stuff going on over there so definitely interested in remili
x maker and this one whenever it goes live um i guess that blank one by ultra uh they're kind of
unveiling everything that they're doing today they've been kind of slow pushing this out um
24 hours three hours ago so if you are holding anything or you guys want to get interested in this,
they had over 8,000 submissions to their art pool.
Some people are speculating that this is going to be into an NFT collection.
And if you rock this NFT,
you could earn points and probably get distributed to some coin or up a
leaderboard or something.
These are just all speculation of me reading what people think is going to happen.
But you are interested in what Ultra does and Slay does.
They did Loudio.
They're launching their new product today, and they're going to release all the information.
So we'll see if there's any syncs for Loudio or if there's just another brand new project that they're doing.
So it's only been two weeks.
So it's definitely interesting.
They got a lot.
I don't think they're going to do anything for Laudio, bro.
I mean, it would be unfortunate that they wouldn't.
But at the end of the day, the Laudio people are still already getting paid out for week two.
I think that that happened Monday.
Yeah, maybe there's some multiplier.
If you can move up the leaderboard, if you basically raucous have a PFP on top of talking about it.
I don't know, dude.
I'm speculating here.
But I don't think that's going to be like any kind of syncs or any value added to Laudio in general.
I mean, the leaderboard gave out like five soul to like the top leaders.
I saw Salamander.
She was on there.
She's a smaller account.
I mean, she has 10 to 15K.
She talks about Laudio every once in a while.
And she made it to the leaderboard.
And I mean, if they're going to give out free soul, it might not hurt to talk about it. It's definitely
not a lot of competition over there. And you know, five souls, five souls. So not a lot of
competition, something to look at. Something that was brought up into our group was this TAC
build, which is TAC is a purpose built blockchain for for EVM dApps to access TUN and the Telegram
ecosystem, 1 billion user database.
It basically announced their funding of 11.5 million, 5 million strategic round led by
HackVC, 20 plus dApps on public net, including Curve, Morpho, and Eltler Finance.
They have a soulbound token for 90 bucks that's on GetGyms, which is the ton
NFT marketplace right now. I think you had to possibly be whitelisted, but it's only 29%
minted right now. $90. People are telling me that if you mint this soulbound token,
this is going to get you the airdrop for the TAC build, which kind of seems under the radar.
It's really hard to get ton without using some KYC centralized exchange in your wallet. So this is under farmed, not a lot
of mindshare. I definitely think if their tax had $11 million raise, that the airdrop is probably
going to be more than 90 bucks if they do give an airdrop. So definitely think if this goes public,
get some fucking ton in your wallet and just at least mint one of these.
I do think this would probably be more than 90 bucks if they do do an airdrop.
So the best things in the space are the ones that are under farmed.
No one talks about. And this one is as faded in general.
And a lot of the ton people are bullposting about this and saying, you'll get into this.
This is going to be huge. So I'm going to take my advice from the ton influencers and probably mint one of these whenever I get some ton in my wallet today.
I think there's a day and a half left for people that are whitelisted.
I imagine it doesn't mint out that a lot of other people
will be able to get on public and mint this until it mints out at 100%.
So something to look at, man.
Like I said, a lot of these airdrops are beneficial just in general when you're not looking at it.
So let's bring that up.
And I think that probably does it for me.
There was kind of some FUD this morning on the Gachi thing, which there's a big space going on there, if you guys want to hear about that.
And then Paws, which was basically a meme coin that was launched by the WIF deployer.
And a lot of people are flooding Ansem
and all the people behind it.
But basically what they're trying to do
was create a new token model that doesn't involve Snipes.
And there was like 100% tax right away.
And then they lowered the tax
to kind of create a better distribution channel for this.
A lot of people flooded Ansem
and all these people
for launching it that way, but if you guys wanna read it,
it's definitely an interesting way
that they're trying to do different ways
of doing different tokens.
And we'll see, I guess time will tell
this was actually gonna be a way
that people do tokens in the future.
Basically putting a 100% tax right away eliminates
like the bots and the traders that get in and
snipe the token and then once you lower the tax it kind of creates more organic distribution
and probably maybe a way if this is successful in like a month or two you'll see maybe more
projects doing their token launches that way putting up a thread up there if you guys want
to look into it i'm not going to read the thread for you but i saw a lot of thud on it but i kind of
kind of appreciate people trying things yeah people got
wrecked that you know fumo'd into this but we'll see you know there's gonna have to be ways to
launch tokens in the future where these bots can't eat all the time and maybe putting the tax in the
beginning might do that so we'll definitely see man so i don't have much left for you guys today
you got anything else chief before we end? No, that's pretty much it.
I mean, yeah, pretty much it.
I mean, art season's heating up.
I'd maybe position myself to pick up some cheap pieces of art if you're into that.
Cross all chains, too.
So, yeah, just be on the lookout for that.
And then Honeymoos dropped their mint price.
We talked about that yesterday. These are the Anniemoos dropped their mint price. We talked about that yesterday.
These are the Anniemoos collection people.
They're dropping their second one on Bitcoin.
That's tomorrow.
It's mint prices $6, right?
And then for whitelist and then $9 for public.
These are all one of ones.
And they, I mean, honestly honestly i think these look really good
right for the price point and just the fact that they're all one of ones itself
it is a bigger collection it's 11k uh but goes live at 2 p.m utc tomorrow so
the last one was the guy that works for takashi Marikami Studio, Mr. Day or whatever his name is.
He has a collection called Anamakara Taku.
It's launching tomorrow.
It's basically a 10K collection, which is super high.
But it has like AI agents built into the NFTs.
I was been kind of giving people access to like enter your email.
You could possibly get whitelist. If you held like a Marikami flowers,
you were able to get it on presale and shit like that.
That's launching tomorrow too.
I do think the mint's too high.
It was just kind of reiterating art season, right?
Like we're seeing a lot of people from art,
you know, launching collections.
And this guy works for Takashi Marikami's art studio
and is a Takashi Marikami friend.
And so this one's launching tomorrow.
I guess they're going to send you an email or you'll be able to connect your wallet to see if you actually were able to mint these.
But that's also going tomorrow.
I can't tell what time it is.
All these PDTs and all these UTCs.
I can never tell what actually the time is.
But this art looks interesting.
But I do think the collection size of 10K is a little too high.
And so I think it's definitely going to struggle even with the AI aspect to it.
So just bringing that last one up since it is kind of NFT art season, that's something you could possibly look at tomorrow.
So appreciate you guys talking about the Daily Alpha.
We have your show Tuesday through Saturday from 11 to 12.
And I'll leave you here for Chief.
I'll see you guys in the Foundry.
in the foundry appreciate everybody that came out to the tda we do this tuesday through saturday
Appreciate everybody that came out to the TDA.
11 to 12 12 30 just depends on the conversation at hand people on stage
appreciate all the interactions the likes the retweets it goes a long way it's how we can
continue to get more opportunities for the tda and continue to grow at the end of the show there
will be a thread that goes out it covers to grow at the end of the show there will be
a thread that goes out it covers everything that we talked about on the show use it as a resource
as you're doing your own research later and any likes interactions on that go also towards
creating more opportunities for the tda it's tda or stay poor you guys be safe have a good one
catch you in the space.
