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THE DAILY ALPHAβ»οΈ
Recorded: Aug. 28, 2025 Duration: 1:25:19Space Recording
Full Transcription
Thank you. Thank you. yo yo yo yo yo what's up what's up what's up what's up appreciate you guys stopping by the
show the daily alpha it is august 28th 2025 it's a thursday and you guys know we run these space
tuesday through saturday from 11 to what's 11 to 12 12 30 depending on the convo so we got three more shows lined up for you today
tomorrow and saturday obviously yesterday we ended a little bit short um so we didn't get
the thread written but typically if you guys want to follow along with everything that we discussed
the show before you will be following allison and we would pin that up top but we don't have
one for today it's okay but if you guys want to comment our request up feel free to hit that
request button come up as long as you're not shilling your project we'd love to hear from
you if you guys want to sit back and relax and you'll be more passive obviously there's a comment
button down there if you tag me or chief and we're discussing something you want to have a say in it
uh we'll pin it up top and we'll discuss it so we want to interact with our community interact with you guys more often and so that's what it's about so obviously obviously obviously
we are still kind of in the same predicament as we were yesterday uh we are a little bit higher
112 is something that has been deemed as support and uh i don't know, still in neutral.
Still don't know which direction we're going.
We could go higher, we could go lower.
Who knows?
Had Bob Lucas yesterday saying that,
you know, he's everybody, you know,
this guy's like the four-year cycle sensei over here.
Basically he's saying, this is the end.
This is the bear market and people are distributing.
Or in the next three to four weeks, we're going parabolic into the next altcoin season.
So I'm just like, oh, thanks.
We're going higher or lower.
So no one actually knows what we're doing.
I actually think maybe at neutral, we maybe get a little more fear.
I could be wrong.
Obviously, I've been wrong a lot with these charts.
But going into an extended weekend, Monday's off.
ETF inflow's not there for three days straight.
We could see a little more capitulation, get a little fear in the market.
But, I mean, macro-wise, been pretty bullish in the past two days.
I know yesterday we talked about the Nvidia stock.
Nvidia was above expectations and it's still dumped, which is kind of fucking hilarious.
I think it bounced back this morning to 183 per share, and then it's getting sold off again.
But we're getting a lot of announcements of the government
getting into blockchain technology.
Yesterday, we announced, we showed you guys
that they're going to start putting data,
blockchain data,
or, you know, government data on the blockchain.
And this morning, we had a bunch of announcements
of Chainlink and PIF
and all this other shit that the government's actually using.
Did that whole Tezos episode now
Do you not remember like that was a big thing? I think it was California that was trying to do the the DPS or the
DMV I don't know what you guys call it. Um
Yeah, it's interesting for us here in Texas is literally called the DPS because Department of Public
Services or whatnot whatnot but anyway um yeah so wasn't
they aren't they doing that with tezos over there in cali i thought they switched from tezos to avax
or something right they started on tezos and then they eventually but like they were the first ones
to do it i mean believe it or not yeah that i think that's just state like states and states doing i think even new
york has maybe something like that but to have like the federal government now trying to pursue
like macro data and earnings and all this other shit on the blockchain is kind of something
that is uh i think needed right we want transparency in the government we want to know where our funds
are going we want to see data uh that's not, you know, not changed in the middle of the night. So kind of seeing the federal
government starting to get into using blockchain technology, I think is good just for everything
because, you know, the government's pretty corrupt. We don't know where money's going.
There's no penalty for being wrong. I think that that ultimately is the biggest issue too,
in terms of accountability or in general. I mean, what difference does it make if you put the jobs report numbers on, if you can come in next week and just say, oh, by the way, we amended those.
We were off by 50,000, you know?
Yeah, it's true.
Yeah, to a certain extent.
Yeah, it's cool.
You put it on paper.
But the reality is I think that they're like doing, you know, funny business or forging the numbers or the information up front.
Right. And then they come back and then they clean it up because it makes really no difference.
So I think that that's ultimately it's not the disclosing it because technically they can disclose plus 50,000 and just come next week and be like, I'm sorry, we were wrong.
Yeah, data. I think data would be difficult.
But funding?
I mean, you saw with the whole Doge thing, they were finding out slush funds that would be sent to donors and all this other stuff.
Billions of dollars were missing and it wasn't going anywhere.
So if you have government funding that's going out to these firms and these aides, you can actually see what bank accounts it's going in, what wallets it's going in,
and you can track that a little bit better
than it being like wall trading.
Well, they're going to realize that it's not,
you know, blockchain isn't easy to get away with money laundering
and how way much harder it is, right?
100%.
And I think this is ultimately just like a trial balloon.
And I think ultimately the main goal,
which would be super beneficial because we've seen tons of damage. We've seen tons of gripe. We've seen tons of
things happen is voting being based with blockchain technology. One vote equals one vote.
You basically confirm that you're a citizen and you basically vote and you get one vote. And this
would stop a lot of destruction
after like elections happen.
There's tons of damages that happen
based off all these votes aren't.
And it also brings back legitimacy to the voting systems
what everybody's questioning the past eight to 10 years.
So I think it's just a step forward
where the best use case for blockchain technology
is ultimately voting because everybody's like,
who's voting?
How many votes do they have? Mail and ballots, it ballots it's all this and so if you could put voting online
or just not online but through blockchain technology you can basically 100% confirm that
that is one vote equals one vote and multiple people can't have them and so that's kind of
where i see it going but i would love to see funding just a lot of stuff that's been corrupted just like bring
transparency to it bring more trust back to these kind of elections and where money's going and then
we can kind of grow from there but i mean obviously what's kind of going on in my opinion just with
seeing solana pump is kind of a rotation i feel like from wall Street into the next token. And that's kind of where I'm starting to see,
I'm looking at Tom Lee's stock. Was it BMSNR or whatever? And it's down in the past five days by
like 5%. And then you have the new ones like Sharp, which is not Sharp link like Joe Lubin's.
There's another one called sharp technology
and they're the first sole treasury and it's up seven percent on the day and so just like us wall
street loves to rotate into the next narrative and i kind of feel like the eth narrative it's kind of
been priced in we all know what eat does we've all heard the rumor we all see tom lee grow to one of
the biggest ko wellss on ETH.
And I think it's time that the Wall Street is saying, okay, that's priced in. Let's move into the next opportunity just like us. And you're starting to see a little bit of that happening
before I, so the, like the Bitwise or whatever, the BitTech, whatever Tom Lee's is, is going down,
the Sharp One's going up, but there's a lot of news coming on Solana in the next two months.
So they're getting their bags packed right now.
Obviously, the first thing that's happened, which we discussed earlier this week and last week, was the sole DATs, the digital asset treasuries are coming online.
We saw Pantera announce that they're going to be launching a $1.25 billion convertible to purchase more Solana.
launching a $1.25 billion convertible to purchase more Solana. You saw Multicoin Capital,
Jump, and Galaxy Digital saying that they're going to launch a $1 billion sold DAT.
So you have both of those coming, and there's a lot more coming with those.
But the big one, which is coming in the middle of October, is the Solana ETF deadline. And that deadline is with Grayscale, VanEck, 21 shares,
Canary, Bitwise, Franklin, Fidelity, CoinShares, and Invesco. That deadline for the SEC deadline
is on the 10th of October. So you've already seen the big purchases of the DATs, right?
That's going to be the next fuel because a lot of that purchasing power is going to bring up the price of Solana. Plus the ETF inflows is this very similar pattern
match of why Ethereum started pumping from below 2000 up to where it is right now. And people are
looking, okay, this is a less market cap. So it's probably going to take less money to pump this.
And so I think that Wall Street people are positioning themselves into the next runner,
which I think the one thing that's missing from all this is actually a BlackRock ETF.
When I just named those ETFs, it wasn't one BlackRock.
And that's where typically the majority of the ETF inflows come from is from the BlackRock one.
So the fact that the Solana ETF is missing BlackRock,
it probably won't have as many inflows as like the Ethereum or Bitcoin one. But you're going to start seeing, I think a lot
more people on the timeline. I mean, you guys have seen it through the bear market. The culture
on this space is Solana native. They kind of run the space around here. If you're a Solana and
you've been bullposting Solana for the past three years, you're probably one of the most influential
people in the spaces. And so you're going to have that going on. And plus, if this goes up in price, yes, you could
get in Seoul, you can get into these DATs that are launching. I think UbenX is another one that
Arthur Hayes is a co-founder of. That's one that's one that's sharp one. And then obviously the
Galaxy Digital and the Pantera one, you can get in just similar how we got into, you know, Tom
Lee's and Joe Lubin's. You can definitely write that. But if Solana is going up in price, right? Like,
I think the infrastructure plays under Solana are going to go up too. So like the Jitos, the Drifts,
the Jupiters, and then probably some of the meme coins are probably going to gain some attention
too. It kind of feels like we've already done this, right? Like you guys know what to do when
Solana goes up in price, but I starting to see wall street starting to position themselves. You see, they're rotating
out of the ETH DATs and now they're getting into the sold DATs. And then they're going to have the
ETFs announced. And it's right around October, which is like pure euphoria time. Like if you're
looking at the four-year cycle, if you line it up with the amount of days, the ending of the cycle,
if you wind it up perfectly with the last four-year cycles at if you line it up with the amount of days, the ending of the cycle, if you
lined it up perfectly with the last four-year cycles at the end of October. And you've already
seen, we've already done a correction, the September correction in August. And a lot of
people are saying November as the end of the cycle. Well, I think maybe you need to move it up a month.
And I think maybe the sole ETFs could be like the euphoria that kind of marks the top of this next
cycle. Because you ultimately, why are we making money in this space and i think this is the last one that kind of positions itself
as all right these are the top three bitcoin solana bitcoin ethan solana and now solana is
finally getting their etfs in october i'm kind of feeling like that feels a bit toppy for me and
then how are we going to make money after that is kind of what I'm thinking.
The Pengu ETF, bro.
Yeah, if you look at this, it says the Pengu ETF has Canary.
19 B4 knowledge, no.
Likely final SEC deadline is 3-12-26.
So that one deadline is actually sometime in march of next but it's like you have
the etfs which are i guess uh a little bit above or stronger than what you would do with that but
i think that that's are going to keep popping up for basically just all of them right from hype
to i saw someone convert over a their whole company for suey right that was news that i'll
see if i have it in my bookmarks that we found yesterday so i'll pin it up i got that one too
yeah so i don't think that that's really gonna stop you know and i think that those might be
mini catalysts for individual coins and tokens on their own you know yeah i mean i'm kind of like
all right the top of the market we had in nove of 2021, we basically wasn't like we went down to $30,000 instantly.
There was little pops, even like the NFT cycle kind of got started in December.
So just because it's the top of the bull market doesn't mean there isn't more like little like lower highs along the way that make you
can start to convince you that this is kind of different and stuff like that so there will be
these little announcements that will pump the markets just like how we saw today like where
the market was on a flux and then piss is fucking piss missling because of a government announcement
see chain link piss missling so there will be announcements on this stuff that move coins but
like the macro of the space i feel like that kind of makes it more of like a downtrend um after these kind of
announcements happen but you mentioned the sui one um it was which one was this this is uh sui
dat news sui group holdings files a shareholders meeting on september 25th to raise 500 million to fund their Sui treasury, which when you're looking at like Pantera, they're doing $1 billion.
And then this Lions Group one, which was announced today, they've already been doing these.
It looks like they're doing like an index of these.
So Lions Group Holdings forms a strategic partnership with Autonomous Holdings and Galaxy Digital
to enhance treasury strategy during Bitcoin Asia 2025.
Lion Group Holding, NASDAQ, LGHL today announced a strategic collaboration with Anonymous Holdings
and Galaxy Digitals to advance its digital asset treasury strategies.
It looks like they're going to be adding or including in their strategic asset treasury, Hyperliquid, Solana, and Sui.
I think they already had Bitcoin.
I think that's when I was starting to realize that we could actually make money off these treasury companies instead of the coins.
That's when this Lion Group came out and it pumped the stocker.
I even remember Sam came up when we talked about it.
I was like, oh, that stock's up like 10% since you announced it.
So I think they've already done Bitcoin.
And so now they're getting into Hyperliquid, Solana, and Sui too.
So yeah, man, it's definitely interesting times.
Obviously, we're in here every day and we're just trying to find stuff to talk about.
Macro is kind of boring sometimes, but macro is actually what's pumping the market these days.
So, I mean, you've seen Chainlink in the past, probably week and a half, starting to hit all-time highs. about macro is kind of boring sometimes but macro is actually what's pumping the market these days
so i mean you've seen chain link in the past probably week and a half starting to hit all-time highs kind of makes me feel like a lot of people knew that this was happening and i've also had
rumors that nah it was on a i mean it still hasn't even broke that trend line bro that's the thing
it hasn't busted above 27 right you need 27 28 to hold for it to
really break out and go into full discovery i also heard that link's also going to get a dat soon too
so i don't know like obviously when we saw bnb was hitting all-time highs the next day it was
announced that there was a dat launched by that vape that vape company or whatever vap or something
and then it kind of came back down so
when i start seeing like these these big coins starting to move out of nowhere yes they have
great communities don't get me wrong like i love like chain link is super boring but the link marines
are the shit but when i start seeing these kind of pump out of nowhere and starting to you know
outpace ethereum and solana i'm like all right what's the fucking news and i think that I thought personally that there was going to be a DAT announced. That was like the Occam Razor.
And then you start seeing, okay, this has integration with the US government. And if you
guys know, was his name? Eric Schmidt, which was the co-founder of Google is now the founder of
Link. So he got, that dude is super connected. And now you see him kind of using his BD to kind of, you know, have that as the kind of the main facilitator for all this government on chain shit.
So and then PIF, which is also kind of like the chain link of Solana also being integrated.
So these are kind of boring techs. But, you know, we're asking yesterday, are the governments actually going to use this technology that's
here are they going to build their own and you know this is the first kind of rumblings and
they're actually using you know existing utility and existing coins to actually do this so
i don't know man i'm feeling kind of bullish but man i i think i don't know man i don't know what
to think these days different way to make money right like i said i think betting on world liberty finance world liberty finance adjacent uh things that can
have government overlap or anything like that like those are i guess the primary um i'd say the the
heavier lift this cycle right and i think nfts the memes the you know emerging ecosystems and stuff
like that a little bit more so on the back burner.
But it's good that way, right?
Because, I mean, then you can actually dedicate attention to these emerging ecosystems.
These dApps are kind of really doubled down on becoming a pro at whatever it may be.
So I got something pinned up to the top.
Rabi announcing a Hyperliquid integration.
I mean, you can already trade and access hyper liquid right um so i wonder if this is uh just like how on phantom right you can
trade perps isn't that what you can do inside the wallet i don't have phantom but i thought that was
the announcement like a week or two ago so it's probably going to be the same thing but for the
rabbi wallet so i mean do you think it's hyper going to be the same thing but for the rabbi wallet so
i mean do you think it's hyper liquid trading inside the wallet or do they already have hyper liquid like wallets in there i know that i think they do yeah they do you can hold hype and and
and buy on drip trade and everything with your rabbit wallet so okay so it probably is perps
yeah it's super easy with the hip3 now it's just to build on top of that i mean you're starting to see everybody do it i mean if you're talking about wallets i mean metamask
is kind of striving we didn't talk about it yesterday but you're able to do google sign in
and shit with the wallet similar to like privy and then they uh once you create it they kind of
store your password for you so if you ever lose your password you can't get in you can basically
get an email and get back into your wallet, which obviously these centralized maxis are going to be freaking out about that.
But you can use your Google ID or Apple ID to create a MetaMask wallet
and log in with one click, which a lot of people are like,
oh, HowWeGivesRetail, do they ever fucking like this?
Well, MetaMask is trying to adapt on that.
And then yesterday they announced that your .soul names
that uh your dot soul names will work directly inside the metamask so kind of leading up to
will work directly inside the MetaMask.
like some kind of product drop you know some kind of you know incentive program some kind
of airdrop or something i mean a wallet is the product bro yeah i mean they got their stable
coin coming out i know that i showed you guys the the reading it that there's some kind of
incentive program coming with metamask that could possibly lead to you know maybe airdropping of the stablecoin but uh yeah
man they're just kind of continuing i mean i just don't i updated my metamask the other day and it's
way different than it was a few days ago it kind of reminds me more of like a phantom wallet now
than ever and so they are doing different ux uis they're kind of doing more of the privy thing
and then now you know integrating solana dots dot solanas and like that so definitely definitely a big upgrade for the metamask wallet
it's needed it and then um what do you i mean i'm not much of like uh expertise but did you see open
c is basically open c mcps which is basically giving access to their api for to ai agents i don't know if you saw that
but uh i saw that post yesterday i didn't know what it was i mean i assumed it was just their
own agent because it's talked about trading and what it can and can't do a little bit
yeah so it looks like they're now letting agents kind of access their api and they're basically
can do a lot more.
And so it kind of makes me think is just NFTs, the final lane here.
And I've been suggesting that they're getting more into token trading in general and perps trading.
And I wonder if these AIs can assist you with implementing trades in the future,
sweeping collections, putting limit orders on a long or a short if
they do implement a uh you know like a clob on openc so just kind of you know going back to
chris matter and on july basically saying openc swinging for the fences in august and you're
starting to see kind of the announcements roll out slowly but surely and uh yeah they introduced
openc mcp your on-chain co-ply, cutting through static
to signals that matter. Developers apply for beta access today. More details in the post below. So
really don't know what an MCP is. It's an open standard that lets AI safely plug into external
data and tools. Think of USB-C for AI with zero data plumbing required. What does
OpenSea MCP do? Real-time NFT, token, wallet, quotes, and market data, metadata, price history,
E&S, wallet balances, live signals, listings, offers, transfers, trending all across 20 plus
chains on OpenSea support. So who is OpenSea MCP for?
Agent builders who want to plug and play on-chain data access
with zero infrastructure overhead.
Wallets, creators, analytics, and trading tools.
Devs using lending and SDKs and tools from OpenAI, Anthropic, and et cetera.
So what does the OpenSea MCP unlock?
AI agents that act in seconds, not minutes.
Trading bots with perfect data consistency.
Portfolio managers with real-time insights and research agents that never miss a signal.
So, yeah, man.
I don't know.
Seems pretty like big news.
And so, I don't know.
If they get into more token trading, I think this would be more accessible.
And then, obviously, they applied.
They just purchased Rally, which is a mobile wallet if these you know you
can activate one of these agents inside your wallet and it can do it all for you
say hey go sweep fucking board apes if it hits 10 ETH you know that would be
something that would be pretty different from all the rest of them so go ahead I
saw this uh obviously this onlyans girl has been pretty popular.
She's the one that makes content out of her little brother or something.
But still, like...
Her little brother basically hates his life now because his whole life is surrounded that his sister is an OnlyFans fan.
But, I mean, maybe OnlyFans...
But she's rich, though.
But she holds $1.3 million worth of XRP.
So, I mean...
Well, I'm thinking, like, is this our exit liquidity, bro?
Like, the OnlyFans?
You know, what's that Sophie Reign?
She makes more money than LeBron James in a year.
And we can get all these OnlyFans to be buying crypto.
Is this our exit liquidity for this cycle, bro?
I mean, well, here's something to think about.
A lot of these, like to think about a lot of these
Like women a lot of these professions and stuff like that There's managers like actual managers are like considered like quote-unquote talent or or, you know, whatever it may be
Right. And so not I mean a lot of these girls don't manage their own website, let alone their own finances
So they kind of dabble they kind of know but it's not to where I would say like, you know, like her
I don't even know what XRP stands for. It's just a crypto acronym. Who the fuck cares?
I'm just buying some because it's gonna go from
What is it? 20 cents or two dollars to ten is what she says in the movie? I mean in the in the clip
So it's just one of those things like we were talking about unit bias what you hear often
Just one of those things like we were talking about unit bias what you hear often
Right and just I mean it's not to say that
It's an easy play but I know that I faded all the XRP pumps and we've always faded it because we sit here
And we try to hit them with logic
There there is no logic you got people thinking it's gonna go from two to ten dollars and that's the logic that you need
So I just think that once again just highlighting that It's not the souls. It's not the eats or Bitcoin. Right. Those get their days in the light normally. Right. From celebrities, from the government, from all of that. Right. But the average everyday person or, you know, the, I guess, brain rock content. It's always been XRP, bro bro those people have always just been stuck on that and i
mean from every age group young old new and it's kind of impressive i mean i cannot hate on that
so i mean i go on tiktok and it's the biggest uh it's the biggest hashtag on tiktok bro you get the
most engagement if you talk about xrp on tiktok so maybe that's where she's getting her information
from and you know they're a cult you know like we talk about cults that's what i'm saying like you want to talk about
bag workers bro they've outbagged worked all of us and capitalized on it you know that's what that's
kind of the marat thesis is like these are all cults and none of this technology does shit and
like before we had meme coins you know you had these had these XRPs, these Adas, these links that were kind of the cults that were created in the last bear market.
And they're continued to, you know, be cults.
And like this, I mean, XRP's technology is old as fuck.
I mean, we just talked about how Google Cloud is launching their own cross-border payments to compete with XRP.
But it doesn't matter that xrp has outdated
technology it matters about the people that are attracting new liquidity into the space
and the narrative that they could create to get them to buy the token after them well i guarantee
you xrp has probably a quarter million hits in the last whenever since that video has been out right like the the search term
XRP because for one it's oh, this is ludicrous, but she put 1.3 million dollars
It's not like a thousand. It's not ten like you're gonna go to want to go see what what a million dollars in what what is it?
So it's just one of those things that it doesn't matter if it's getting buyers, right? Motherfuckers are going at least looking it up. Oh, it is a crypto. What? It's
$2? Okay, she's going to sell at $10. I'm going to sell at $8. I'm going to buy some today, right?
It's going to $10, bro? She's so confident it's going to $10. I'm like, man, this is bearish as
fuck. But hey, it's the crazy price. Maybe these TikTok OnlyFans and these people that are new to the
space are the people that onboard the masses. I mean, Orangey wasn't big on crypto Twitter,
and he onboarded a whole demographic of Zoomers into the space in December. And maybe she,
which has a big following, she goes viral. Maybe she onboard the next class of people because
no one knows what Xrp is but if
you say that i could put a thousand dollars at two dollars is going to ten bucks a lot of people
are going to be attracted to that than me going out door to door or me on my crypto twitter that
only has small amount convincing people to buy bitcoin or you know these dat stocks and shit so
maybe you know these only fangirls are just people on tiktok that you know get you get brought in by these cults are the kind of people that are going to get people more.
Well, that's our distribution method, right?
If NFTs were the shiny attraction object that caused people to look at this direction last cycle, right?
What is it going to be this cycle?
We talked about that, right?
Is it going to be prediction markets, something that's simple?
Is it going to be just this proliferated gambling, perfs on everything? Is it going to be just this proliferated gambling
perfs on everything? Is it going to be people, right? Is it going to be new forms of media like
her TikTok, Facebook, all that kind of stuff again, but instead of pushing people towards
JPEGs, is it just baseline assets? So I think that that's also an interesting thing too.
So I think it starts with obviously the the majors right like i came into the space
interested in bitcoin and then i found about all coins in ethereum and then i found out solana and
then i went into the dj nature so you got to get them on boarded with like the top 10 currencies
and then once they get some skin in the game like oh i just made a 20x on this i can make 100x and
then they go down the risk curve so i mean everybody talks about we need to onboard people through bitcoin or ethereum i mean i'm not against you know onboarding it through link
or onboarding it through solana or xrp whatever it is like as long as you get these people in
thinking that there's money to be made over here that's all better for us because then they start
going down the risk curve and actually getting into these tokens but i mean zack xpt basically
uh butted the shit out of xrp yesterday it says it provides
nothing of value to industry expect exit liquidity for insiders thus they are not worth supporting
likewise with cardano pulse chain and hedera etc etc so yeah yeah i mean pretty much
pretty much yeah i mean that's kind of what we're all here. Like, I can't wait till, we're seething.
We're like dripping.
We have like, our mouths are drooling of waiting for retail to get here.
I think more people are more fascinated about when retail is going to show up so they can sell their bags than actually, you know, believe in this space.
So he's right.
A lot of why all these people are cults is because they're down so bad they're underwater so
bad it's the only way they can get out and make money is to onboard this retail where they're
just going to dump their bags on top yeah and that's the old class this year we got a whole
new class we got scroll we got story we got mantra i mean we can go down the whole list so that's the
whole last cycle of wash chains and cults this cycle We had six or seven more to where everyone got their exits so fun
Everybody got their exit and it's done
So it's like this isn't gonna happen just once so you know
It's not the first time a VC gets got and we get got for believing in those right so
How we doing
What's up TDA or stay poor as always.
Yeah, I just wanted to chime in on this whole XRP this and all of that, but just kind of like, you know,
to Chief's point on how there's, you know, different pockets of things that kind of show up
over time. Eventually everyone gets their day in the sunlight and it's like those guys are able to do that um however
it's like what the fuck bro like it's taken them literally like seven years and i've i've been
around like for um a while in this crypto space and i remember remember like Ripple. And one of the things that I will point out
that people are not like really kind of talking on or tapping into the reason why I think Ripple
audience is, you know, just like so hyperactive right now and thinking like, oh, price is going to automatically
shoot up. It's mainly because of like the cross-border payments and the idea that Ripple
will, the native will, XRP, the native currency will gain traction because of that. But what people don't realize is
that for those cross-border payments, and that's also like a trillion dollar industry, like multi,
So for like, you know, like countries and those sovereign kind of places, not so much for like, you know, your everyday kind of purchasing my background is, is that it will, it's not really
going to benefit them much. One, because with SWIFT, and that's kind of like what the government
uses to pay out different things with these global banks and stuff like that.
They basically have this framework, and it's ISO 2022, something like that.
And there was a standard that had changed here within the past year or so
that had to be adopted where all of the banks had to update to this framework. And where Ripple
or XRP benefits is that they already have that integrated. And a lot of these banks and SWIFT and stuff like that have adopted
the use of Ripple net, not so much the currency itself. So yes, there is usage for XRP when it comes to remittances and stuff like that for cross-border payments,
but that doesn't necessarily mean that the price will go up. That would come into play mainly. I think what has been said, and I kind of legacy systems and along this Ripple net that would allow
for more use case of XRP as the native token to make those exchanges. So it doesn't necessarily
mean that, you know, like, I don't want people to be thinking like, OK, yeah, like let's like pour all of our, you know, like across this industry as a whole.
And so I just I want people to like know, like, yeah, to kind of pivot and help a lot of things that are happening with some points, but that's mainly where all the money is really going to lie and where these legacy banks like your JP Morgan's, your Capital One's and stuff like that, even though Capital One does not, they don't even, they're not even looking
into crypto, but they do have networks. They have payment. They, you know, they acquire Discover,
which is a payment network and also a issuer. So payment networks like Discover or MasterCard or Visa, they will probably have their day because of, you know, like stable coin backed cards and things like that.
And working with these different like companies like your Robin Hoods or your coin bases and stuff like that.
But over time, if you really think about it, it's like, okay, well,
if we are really wanting something that's more permissionless, decentralized,
and we can do these things peer-to-peer, then it's like, okay, well,
what's the need for these, you know,
these payment networks, because they're getting anywhere between three to 5% per transaction
as being, you know, intermediary. So then that leads me to say that outside of stable coins,
I think the next biggest thing is going to be wallets. And if these banks ramp up and build, you know, architecture for their companies to have actual, you know, crypto rails and integrate digital wallets into their platforms, I think that is probably the most destructive area for the future.
But yeah, I'm sorry. That was a mouthful.
I mean, you're in banking, so you know it better than me, but I agree.
That's why I called it old tech.
Just because everybody's building on Ethereum doesn't mean that Ethereum price goes up.
Just like if they're using these iOS 202s,
they're using the network, doesn't mean XRP goes up.
But that's not going to stop the community
to concocting fucking conspiracy theories.
I mean, when Trump was getting inducted as president,
I mean, they're running with this ISO 202 as like,
it's part of the government, this and that.
But I mean, ultimately, why I call it old tech
is because stable coins is what's going
to be cross-border transmit.
And you think that these banks, Bank of America, we've already seen the news come out that
these banks, as long as they basically purchase some U.S. debt, they can create their own
stable coins.
So you think they're going to give all that money and all those fees and all that money
and all that shit to Ripple?
No, they're going to fucking create their own wallets.
They're going to create their own networks.
They're going to launch their own stable coins and they're going to capture all those fees.
So it's just like, that's why I call it old tech.
But I mean, they have like the 4chan fucking tinfoil hat poll community that they'll just
use any piece of information and can concoct some narrative of somebody like this Sophie
Rain girl, this girl, whatever this girl's name is, to thinking that this shit's going to
$10 because they know nothing about this space.
They haven't been following the news and it sounds good to them.
So it's just like these people are being preyed on.
And I'm not saying that, I mean, XRP is going to go up in price.
Like, I'm not trying to fud it.
I'm just saying like to think that this is the future of France.
No, but that's all it's doing.
You can just, you can end the conversation there. XRP is going to go up in price but that's it you know that's all xrp is doing is going up in price it's not going to do anything else revolutionize
xyz it's just going to go up in price so if that's what people say why you can just answer i mean
that's what i tell them that's literally what i got to the point of when they're like should i buy xrp i'm like look the only reason it goes up is because of
people like you asking if they should buy xrp i mean i'm just being honest like if that's the
fundamentals you want to go on buy the coin because someone else is going to ask and someone's
going to tell them to buy it and that's it you know like that's just what it is it's all it does
is go up if you want to understand anything more than i mean you're kind of fucked 100 people will start poking holes in
it you know like that's the issue like you'll start and that's what oh well what about you know
stripe oh well no uh yeah um the banks are gonna use it right and that sounded good until now you
have a cookie cutter solution to everything you need to make your own chain.
Right. From access to liquidity to Oracle systems to everything.
So you're set. You don't need anyone to a chain anymore.
So you can even go down the AVAX route if you want to piggyback and go make your own subnet,
which is something that I think that a lot of people will choose to do too. Instead of even utilizing their own single chain.
They'll just go make a subnet because it'll resemble an intranet.
Which is something that they're used to for their businesses.
For just in a sense banking systems.
Where all their banks are on one subnet.
That's it.
We already had a bank do that.
I think there was it JP Morgan or one of these fucking Citibank or something was using AVAX to create their own private network.
And they're using Axelar so you can bridge the assets, the RWAs onto AVAX from other chains.
So it's already happening. But Noodles in the banking ecosystem, banking system, so she can poke holes in it.
She knows exactly what's going on. uh something that's obviously a little more
you know degen is the kong airdrop and they just announced that one of the most important aspects
of kong is the culture element of believing in nfts two percent of the supply will be airdropped
to active open city users since 2023 bear market all wallets that purchase at least ten thousand dollars worth of ethan the tees on
open sea since january 1st 2023 will be eligible for the airdrop more information follows soon
i don't know if i spent ten thousand dollars on open sea i mean we're in ordinals i don't think
i'll be eligible i mean i think they know that i mean no one was using open sea we had blur
we had ordinals on magic eden so the people that
actually did buy ten thousand dollars with the nft on there there's probably a very small amount
of wallets they know how many wallets it is because if it was like four thousand uh plus
wallets they're probably like ah probably not but i i would imagine it's probably right around four
thousand so i don't know man pretty big news but it's kind of cool to kind of see them you know
airdropping to open c users i mean
if you look at decentralized which is their last token that they launched with uh henry the grape
um they gave a massive allocation to a lot of runes holders and stuff like this so they've
been really known to spread out the wealth and give you know active addresses and people
activated about that bro now i'm sitting here
you can just one day decide yo i'm gonna just create some stuff and it's gonna be valued
at whatever we want to value it and you're like nah you can't just do that bro and you're like
yeah watch we're just gonna drop a coin i'm gonna pick some people and we're gonna put it in their wallet
and it's somehow gonna be worth some money yo that is literally insane that it's like yeah they went
through decentralized and i mean people made a couple grand off of the airdrop alone right
and then ultimately the rune went to what the rune went but uh yeah run it back for banana
and round two for kong so i think it's good to have this on ethereum
because like i said i have banana on ronin and i don't have any ronin for gas to actually swap
this out so it's like i feel like if they are gonna build a new token i mean they are rewarding
uh past banana holders the fact that it's on eth i mean i maybe prefer it on solana but it is a
eth in the t i think it's good just for the token
price because i think it really people have a hard time just like how people have a hard time
getting in the ton of actually getting fucking running in their wallets for gas to actually
swap this shit so i think it's a good pivot but i mean like you said they have a previous token
we're just going to launch another token this one's going to be worth something it's just kind
of you can just do shit in this space and no one gives a fuck as long as you're making people money right so uh posted up to the top
shifting gears a little bit um going into we saw a sharp decline in price for the adderalls right
they were over uh two grand uh roughly have since corrected to i think think, about like $1,100, $1,200 or so. The token airdrop slash
pre-sale, that's the reason why they were somewhat inflated running up and leading up to this.
All the information is pinned up top for anyone that does want to participate in the public sale.
Public sale is 10% of the the tokens the goal is to raise
at a 15 mil evaluation minimum buy is 111 bucks 0.001 btc max buy is 0.5 btc ends in excuse me
ends in 420 blocks three days or when the cap is hit and 100% of the funds go into the LP. This has been live for, I would say, roughly about 15 plus hours or so.
So you still have the better part of three days, right?
Roughly two and a half days left.
If any of you guys do want to participate, all the information is pinned up to the top.
And mind you, there is a couple of things going on, right?
In the Bitcoin ecosystem, there's btc summit
right and then there's also um the runes convention right like a full-blown runes convention going on
um so posting this up to the top um we know that magic eden has been revamping their site in preparation for this combination with Spark, right?
Spark is essentially a, I guess you could say a fork of lightning.
So technically still L1 Bitcoin slash L2 Bitcoin, right?
Through a roll up.
I mean, it's an extension of just actual Bitcoin core itself.
So anyway, it looks like Magic Eden.
Sorry, it looks like Experts is going to be one of the primary wallets for this new kind
of venture into the Spark based tokens, right?
Because it's a new, I guess you could call it token standard.
And there are tokens that already exist on Spark.
And then there'll be more that'll be launched.
I'm going to pin this up to the top. Founder CEO Ken Lyle has just announced that during the
presentation at Bitcoin Conference in Asia and Hong Kong, Xverse will integrate the Spark network.
You can already test it out inside Xverse Chrome Wallet extension and soon it'll be available on mobile uh this lines up with uh luminex
right luminex was i guess you could say the underlying token launchpad slash infrastructure
provider for magic eden uh when it came down to the rune side of things well luminex has been
slowly revamping their ui ux to now incorporate these new token standards and prepare for the next push.
So bubble maps on Bitcoin, which is something that's new and interesting.
And ultimately, we'll definitely share some information about some of the tokens that
we thought were organic or weren't or just how things are moving, right?
Putting us more in line with similar tools and analytics that are available for token
trading on other chains so got that all pinned up to the top for you guys to see and just go check
out luminix as they start to change everything up i mean ultimately they'll be integrated with
magic eden they are still but they're the ones that kind of provide the roads in order for magic
eden to pave the smooth front UI.
Right.
So kind of excited for all these three things to go together in tandem.
Right.
I mean, in a sense, right now on the ordinal side of things, it's just this Bitcoin DeFi season, I guess is what they're I guess we can call it.
Right.
This push between BRC 2.0s, the RadFi tech that they're doing right there.
And then you have Bob Bodily still on Odin.
Right.
And it's just kind of all over the place of everyone trying to innovate.
You got Alkines with oil wallet and diesel and all that still going.
So in a sense, not to say there's a lack of things to do but it's just a race to see who is
actually going to be first to provide the best token experience on bitcoin right a lot of people
don't like runes the way it is i mean it is what it is right so all that information is pinned up
to the top for you guys uh a couple collections have been rallying right um i mean we saw quantum cats up i think 20 or 30 percent on
the day uh surprisingly enough it's a bunch of uh new wallets all the time but yo shout out to udi
man bag works harder than anyone uh timeline fud first 10k is back who's the first 10k that's
always a good one at least we're not arguing about cursed and anything or rare sats
but yeah we're back on the first 10k topic and yeah man i mean in a sense kind of just waiting
for the d5 pop right so that'd be interesting as how does spark benefit like a just a normal user
i really like picture it like lightning right i mean most people don't know that the difference
in lightning because it you you get
Transactions that are completed instantly and basically what lightning does is they open up a channel
right
think of it like as a wormhole fill it up with transactions and then
Submit all of that once their block or that whole channel is full, so in a sense it's still occurring on bitcoin
it's just written onto the chain at a later date spark is in a sense the exact same thing
so that's why they're gonna do that's why they can do smart contracts that's why they can do
just different innovations because technically it'll still be written on the chain almost like
a zk roll-up within a couple blocks or a couple minutes so that's really
hopefully to speed up all of this and basically allow people to do anything and everything
and then just write it on oh yeah i didn't know so i think that's good for the ecosystem to have
that um i got an email this morning which was unexpected i thought i was out of out of luck
with this one but uh my solana mobile is being
shipped because i was like that i was having trouble because they're charging me that exorbitant
price i already i didn't get no fucking email what is this bullshit yeah i don't know if it
was a scam or not but they basically gave me that they i paid for it that 450 ago a while ago
and then they sent me email this morning saying you're shipped. And
then I looked at the $50 and they said they basically took a discount $50 off. And now it's
in the mail. I'm like, dope, dude. Like, fuck, I'm getting this phone. I didn't think I was
getting it because I didn't follow up on it. I was like, I just thought I spent $450 for that
sold-bound token, which it's already been paid off with airdrops. But looks like getting the
Solana Mobile. And then a few minutes ago, Solana Mobile announced the Seeker season starting September 8th.
In the Solana DApp Store, with weekly dApps, exclusive rewards, and early access to dApps,
users will unlock enhanced DeFi yields, gaming perks, deepen rewards, and social features, and more.
So, looks like they've been sitting on their hands, waiting to get all these out before they announce it.
September 8th is in the month.
Still got a good amount of time.
I was about to get mad, bro.
I'm like, damn, I'm not going to get mine.
But that's still roughly about like 10 days, you know, 10 to 11 days.
Should be in most people's hands within next week at least, you know.
week at least you know this is perfect timing like i just said we got the rotation in soul
This is perfect timing.
Like I just said, we got the rotation in Seoul.
if you are going to drop meme coins and all this into a solana wallet on the new phone
they're probably gonna do pretty well if solana's going you know trying to break all time
high in the next two months especially with the etf announcements coming in mid-october so perfect
timing we're gonna see some cookers on this. $450 has already been paid off. And now what are we going to get from this thing?
Well, we get secret token.
Secret token.
There you go.
And I know they say talk about D-Pen.
There's that one weather app they have on there that you use,
and it rewards you.
So it's going to be interesting.
They kind of created their own Dapp store,
and people already have apps ready to go as soon as this goes live.
So I do think there will be a lot of opportunities here for airdrops and just kind of new shit to get airdropped into your tokens back to the good old days where we got
airdrops something like every five or six days so i think that's going to start heating up again
obviously we're kind of getting to the end of the bull cycle if you look at charts and a lot of
these tokens aren't going to fucking want to launch their tokens in a bear market so i feel
like you're going to get like an influx of airdrops it's just all like a cycle
right you know they wait and they wait and they wait and then there's one good one and they're
like okay let's capitalize on this and let's start dropping tokens so i do think in the next two to
three months we're going to get some airdrops and i think one of these phones is probably going to
have one of these airdrops that are pretty big so i think that's bullish that's bullish um i think an airdrop
that most people aren't considering is going to be an airdrop is world liberty finance bro
for everyone that bought on the pre-sale i think they're up like 20x
you know like two billion dollars or seven billion dollars in profit from the people that
bought the token at 0.05 cents yeah yeah that's what i'm saying like they're literally up 20x right now and that's i think they get um 10 or 15 up front but i mean that alone
pays for what they put in you can just sell the 15 and just live off of a fucking salary
from just your drip feed off of your investing tokens so i just don't know if they get into it
or not because that's a lot of sell pressure like seven billion dollars of profit for the people that got in the pre-sale
and that's why i was bringing up last week the world liberty finance and like showing that ave
is partnered with these with these guys and they get like 20 of the revenue and so people are gonna
have to buy ave and when i talked about it was that like two dollars and 90 or 296 dollars that
shit shot up to 350 dollars in the next two days because people are starting to do the math.
There was some FUD saying that there is no partnership with Aave, this and that,
but the founder came out and said there is. I mean, the token's still at $317. So
I was doing the math last week on this whole fucking thing. I just don't mind seeing the
amount of people that are in profit dude
like if we are kind of in a shaky market where we dump i think this goes live september 1st
yeah i got pinned up top is uh i got i literally got it pinned up top um just a guide right someone saying how they're approaching this it goes live september 1st what to expect target target
projections so for anybody that is interested or is trying to play it
um get that info up top right uh i mean i'm just or a trump pump maybe maybe a trump pump maybe a
retweet of it or something maybe you bring the price up but yeah see i think that but i think
one of the aspects is they can pay off like i, everything that they deposited with what they're unlocked,
which is already kind of unheard of. So you can literally be made, if you sell day one,
you're made whole and you don't technically have to sell ever again, right? Like not to
recuperate costs, right? Any kind of sell after that would be just profit. I think that that's
an interesting metric and that'll
alleviate a little bit of the sell pressure because of how much in profit all these people
are, right? I mean, traditionally, if you sell 10, 20% of your airdrop, now if you do that,
you've made 50% of your investment back, right? So it just changes the timelines a little bit
that I can see a little less sell pressure.
I still think it's undervalued. I think it's at 26 cents pre-market.
Maybe about that gets up to about 36, 40, right, before actual launch.
And then you'll get that little downwards momentum on there.
But yeah, dude, I think that that's an injection.
There's only 20 percent. There's 80 percent locked, too. Yeah. And that's an injection supply there's only 20 there's 80
a lot too yeah and that's what i'm saying like you're gonna get the price squeeze and i think
that that's one of those things that we're not accounting for as a liquidity injection into our
market or just into coins in general right is the fact that a lot of these people that participate
are about to eat well and it's going to be a lot of money just unlocked for them to play with or buy other assets
so what up slow goal what up my guy how we doing how we feeling
hey sorry can you guys hear me yes sir how we doing hey doing all right uh you guys were talking
a little bit about uh devices being shipped the other thing that's being shipped now is that SWE Play, if anybody bought into that.
And that thing has a bunch of really small drops
that have kind of been just dripping
into whatever your account was with them.
I think it was Playtron or whatever.
But I just noticed that some of those
are also you have to claim.
So, like, for instance, there was a little walrus drop if you bought a sweet play.
It was like 70 wall, which is 30 bucks or something.
But, like, it all adds up.
So just if you bought one of those, go check out the like SWE Play page has a rewards tab and you can kind of look around on there.
And so, for instance, if you scroll down, you'll see the walrus drop is being part of that and it'll take you to the claim page and then you're linking your Playtron account and then you can claim some wall.
So that's kind of a nice thing.
The other thing I noticed on there is when you get your device, it's asking you to link
a set of accounts.
So of course, you already have a SWE wallet with that Playtron account, but you can link
a sole wallet as well as an EVM wallet.
I don't know if that's ever going to play into anything, but it might be worth linking up if you have this thing set up,
just in case they're dropping on other chains and it happens to need you to link wallets, right?
We've seen a couple instances now where you forget to link a wallet and then
something happens and some people are getting drops and other people aren't or other people
are getting opportunities you know so uh just another one so you know all the devices are
shipping here soon so that's pretty cool yeah i just noticed that the airdrops for the suey play
have been like dust everybody's been bitching that it's like five to ten bucks but you know that's how bonk started it was dust and then the ecosystem took over and
that thing was like a two three thousand dollars fucking stimmy so sometimes you gotta let this
stuff kind of eat a little bit and let the tokens mature and let the meme coins mature for these
things to be worth it so it's very easy to see five five dollars and and sell it and think it's
dust if you give it you know a year or two this five dollars If you give it, you know, a year or two, this $5 might turn into $1,000, you know? So we've seen that over and over.
Did you see that coin that fucking bonded
yesterday? Yeah, dude.
Yeah, that guy was bullposting
a whole fucking year, bro.
His coin didn't bond
for a year. I don't even think
half of motherfuckers in this space have enough,
you know, just sheer
determination to show up like that.
And then, sure sure enough that shit bonded
yesterday and sent i think there was one dude that bought like one soul bro fucking a year ago
and is up like 50k yeah he bought 83 a cope one year ago and he's at 120 000 in profit
so while it became active today after over a year later he sold it for six thousand dollars so far
so he's already selling
and i saw bunny made a post of some guy that put like 202 sold and then he was up like 64k or some
shit so i mean that yeah i mean cope right i mean it's the troll face and i don't know man you guys
see the troll face yesterday i saw the troll face on a few uh disgusting ass fucking videos
maybe people are converting into the new the new play i don't know so i don't know dudes i mean i think another one that i'm starting to
see which is on abstract is this uwu uh uwu um it's kind of taking over the timeline a little
bit they have like these nfts that kind of are like i don't know what the fuck they are they're
like cows or some shit or kittens wow i, I was literally about to say, you think those look like cows?
They're cats.
They're cats.
Obviously, the EWU kind of looks like a fucking cat a little bit, I guess.
But yeah, these are at .0119.
If you look at the floor price on these, these shot up pretty drastically in the past probably day i think
the token was under 500k just yesterday and now it's peaking around 800k so i mean obviously you
have some soul info our abstract influencers i think chris is on board with this one which i
think he's had a falling out with the abstract cabal and there's a lot of fun around this token
with the dev and this and that.
And it looks like it's back on.
And it looks like they're rallying the troops.
It was just a CTO.
The dev launched and then fucking rugged.
And then he dropped the coin right after
and then fucking sold some of that.
And then it just became like a natural CTO
and people pushing.
And the narrative and the narrative
and the lore started to build when certain people on abstract referenced
the collection you know good or bad infamy whatever it doesn't matter right
if someone's talking about you to a certain extent it's more publicity and
so then you started getting the run in there and then that's the hated rally of
oh look why are you pumping the rug oh why is
the rug going harder right so it's that scams pump the hardest kind of narrative which turned out to
be a cto um but yeah the nfts look decent and the coin itself's been uh pretty pretty cooking bro
nothing but up so that's pretty surprising on that end i think we had some people inside the
foundry that were calling this probably two or three days ago obviously these this thing went from like 100k
down to 30k obviously a lot of fud but uh i mean yesterday i was looking through the comments of
the space and there's probably four or five comments with this token ticker in it so that
gives me like uh when i got into uh gurbana friends or the gurbana token like i was just
couldn't get away with it.
I obviously had a big community that I didn't know existed and kind of seeing
those people kind of live shill. I mean, it could be,
this could be the top or this could be the beginning of a bigger community run.
And that's kind of where you're at, right?
Like when it starts hitting your timeline, like, all right,
this is the top or there's some bigger community that's being established here.
And this has a lot farther to go.
And that's kind of the bet that you have to make.
And seeing Chris involved makes me feel like this is kind of
the counterculture play of abstract it's been nice it's been neat it's been pingu it's been uh nice
and you know nice and cute and now you're starting to get some like uh degenerate nature that's why
gooner ran i mean gooner literally ran from zero to fucking like seven mil all on some just
Culture shit, right then dropping those go mint pictures of these fucking Asian girls like what the fuck?
Like oh we support Asian girl fucking kpop classes. I mean why wouldn't gunner run, you know?
Just weird shit, but go ahead flame jam. What up, bro?
GM guys, yeah, I just wanted to jump in on that topic.
You know, I've been seeing Sleaze on the timeline.
And I don't know how involved Tooney is with that, but I see him retweeting.
And I saw Witter's tweet about it today.
Retweet.
And it's just one of those, you know, it's just a meme.
It's just a funny-ass meme.
And I think Tooney made a video for it, if I'm not mistaken.
It looks like it's his handiwork.
And it's a really fun-ass video.
And it's just nice to see plays like this.
Whether they go crazy or not, I love the goofy D-Gen shit.
If I'm going to gamble on something, I want to gamble on something silly.
You know, on something weird.
So I don't know if Sleaze is popping off or not, but it's a cool website too.
Like you can Sleaze your own photos.
You know, like you can give your family photos, Diamond Grills and shit.
So, you know, you got to love a little bit of entertainment.
To me, it's a lot more entertaining than, you know than sex workers shilling XRP, but that's just me.
You need bag workers for sure.
I think, I mean, obviously we all were talking about sleeves when it was in the timeline right around the Boat Kid.
I met him probably like a month and a half ago.
I remember even Mr. Fazy Banks was leaving his photos.
He got the 500K, got the 700 700k and then it kind of dropped off
but uh professional um which is a big meme coin trader he's been kind of like community lead on
this thing and just continued to talk about it saying it's going to a million sleep yeah him and
malos the bears are pushing it bro it took like three it took like you know 30 to 60 days but
it's back and uh well it's just a community now, right?
It's community people that like the meme and stuff.
It's a little different than what's the flavor of the day or the week,
and more so people galvanizing behind ideas, images, whatever the fuck, right?
And so it's just different.
I think that's why Gooner probably took off too, you know,
because it's like it feels obvious once it hits,
but when it's fresh, it's fresh, you know because it's like it's it feels obvious once it hits but it when it's fresh it's fresh you know like and that's so hard to do in this space you know it's so hard to capitalize
on a moment and it for it to not be awful at the same time you know like there's plenty of moments
that go parabolic but some of them are just so bad it's like you wish you made money on it but
at the same time it's like you're not losing sleep over it because you know it was like a garbage meme or whatever or like a total scam.
But then you have something that comes along that's like fun or funny or cool or a combination of those things.
Or it just hits that zeitgeist, you know, like it just it just hits that cultural moment at that at that time.
And people make money off of that.
I love to see stuff like that.
So I missed the whole sleaze run in the beginning,
but it's nice to see it getting some publicity right now
because it's like the kind of the stuff
that reminds me why the space is fun.
And when people make money off of having fun,
that's one of the things I love about this space.
100%.
And like with CTO takeovers like this, it's not going to go to zero overnight right these people believe in it you know maybe
they take profit along the way but you're not going to wake up with a this thing and wake up
with it down like a four thousand percent so well if that market cap it's probably still got a little
push if there is any push at least you're in a decent place with like hovering around a mill
versus you know you're sitting at 30 then it's like hovering around a mill versus, you know, you're sitting at 30.
Then it's like,
why am I fucking with this?
You know?
Yeah.
It's just like,
who's going to recycle the attention of this token so I can get the fuck
out.
But yeah,
seeing that like a million dollars is kind of just shout out to them for
continuing to work their bags.
Kind of just like people getting fired in general.
Like it's always been good for token prices.
I don't know if you guys saw this at sandbox.
50% of the staff gets cut.
Five global offices closed.
Founders Sebastian Borat and Arthur Marid sidelined.
Animoca's Robbie Young takes the CEO role.
Bullish.
Base meme point launch pad to be announced.
Only a few hundred daily users stand down 95%.
I don't know, man.
Animoca's been getting their hands involved with Cool Cats,
all this fucking shit.
And I was trying to connect the dots because I was like,
if they're taking over Cool Cats, where they get some tokens,
if they're launching their own fucking launch pad
and it's backed by this guy from Animoca,
I would imagine maybe some of these meme coins
actually make their way into some Cool Cat fucking wallets.
But I don't know how this is going to be different.
Obviously, there's nothing degenerate meme coin other than brett that's ever launched on base so there's like not a massive culture over there but so how are they
going to create some kind of token launchpad on base that's unique that actually might not be for
shitter tokens though that's another thing too i mean we consider token launchpad or launchpads as is for degeneracy.
But, yo, that's a whole business model that we chose to abuse or we package as fucking shit coins or JPEGs.
I mean, these are underlying just regular smart contracts for Internet tokens, you know.
Go ahead, Flame.
Go ahead, Flame.
This may not be news to anybody in here, but as far as Web3 Playboys and Bordeon being part of it,
but the Pudgy Alpha Twitter channel just announced that if you're a Penguin holder, they secured pre-sale access. I don't know if that's going to include little pudgies or anything below regular Penguins,
but probably worth checking out.
We talked about Bordeon in the past, and whether it's a swing or a miss,
he always swings hard.
So if you're looking for a play on Abstract,
I think it's worth investigating,
especially if you get access because you're a Pudgy holder.
I'm getting the Eroscout.
Damn, imagine getting access to Web3 Playboys through the Foundry.
Damn, couldn't be me.
I'm going to go buy a $50,000 Pudgy instead.
Fucking bums.
I'm glad to go buy a $50,000 Pudgy instead. Fucking bums. I'm glad you got me covered because I'm definitely not going and running out and buying a $50,000 Pudgy.
I'm going to go to the next one.
I'm going to go to the next one.
I'm going to go to the next one.
And I think they're going to try to drop another one.
But that was for like ring holders.
I don't know.
I missed it.
It sold out in like a couple minutes.
Damn.
This is kind of big news.
And I'll throw it to you you i mean flame it's you
posted that playboys uh ctft which is the commodities um commodities department to create
pathways for u.s citizens to trade offshore exchanges such as binance bybed and okx
kind of huge news if you really think about it right like what has been the biggest thing for us
is we have to put vpns and all this in especially you know with airdrops and using these exchanges like kucoin like you had to put your
vpn on to go trade over there back last cycle and now seeing they're kind of starting with the
exchanges i would imagine this kind of filters into us having not to put vpns for airdrops in
the future so kind of just like opening up you know, America wants to be this great crypto
capital of the world, kind of open up the gates here. And starting with the exchanges, I imagine
this kind of eliminates all kind of geo restrictions for US in the future from airdrops
to launching tokens to launching anything if they're just now doing the exchanges like buy,
bet, no kick. So kind of huge under this was just reported eight minutes ago. I don't see it
filtering in kind of the price. But I mean, for U.S. citizens, this is massive. This is massive for founders. This is massive for people that are thinking about moving to America to have access to all this stuff here and not having to put VPNs and't always do it, right? I mean, me in Texas, I got a KYC. I mean, I can download Kraken with the VPN. I hop on. I can hop on on any of these. I can't KYC, though. My address is Texas and you're fucked. restriction on the tech side but actually removing the geo restriction uh from participants right is
it open for people from texas new york uh i think it's fucking like tennessee or some shit right so
it's like the four or five states where it's a little bit more strenuous but yeah i mean i've
only ever used coinbase bro because i mean i i can't get anything else and i think that that's
the interesting part too it's like i don't have an option and that sucks because coinbase like kills you and fees and all that so i've just
been waiting for something like that even for me to just and i'm crypto native and i don't have
another option you know because it's based on where i live right and i mean this is huge news
this is like in mass this is immense news because think about the thing that
we've been complaining about for all this time, right? I get why certain protections were put in
place over time throughout US history because of the Great Depression and all these scams that
have proliferated over the decades past with these penny stocks and
all this other financial scams, right? But you have to balance that against
anti-competitiveness, right? And limiting Americans from the opportunities that are afforded to multiple other developed nations. And the fact that we've been on this same list
as Iran and the Soviet Union and China, countries that are regulated for a reason
because they're hostile foreign entities and they cause problems.
I'm not specifying which countries because I don't want it up on a list.
But you know what I'm saying? Like this is massive news because it finally breaks down a wall.
It's breaking down a wall that really for crypto to thrive in this country and for us to be competitive in the way we should be with the rest of the globe.
Like these walls need to be brought down. And so should be with the rest of the globe like these walls
need to be brought down and so the fact that this is happening is is bullish as hell i might
actually start shorting coinbase here because you know obviously all the money's in america
um i mean not all of it but the majority of why stuff launches and why it gets attraction because
it's you know american money gets involved and the fact that similar to vegas like when we saw
vegas was very very popular in the 90s it's the only place you can gamble. And then now you can gamble anywhere
in the United States, like no one goes to Vegas anymore. Well, like Chief just mentioned,
I could only use Coinbase. So all the money that's been funneled into Coinbase, and that's why it's
the leading exchange second to Binance. So now that I can pick and choose whatever exchange that I want to go to
around the world, I think kind of lowers the value of Coinbase because now they can't funnel
all that American money into their exchange. So I might be, this might be a short for Coinbase,
in my opinion. But I mean, even when we talked about prediction markets yesterday,
I still have to throw up a VPN to get on Polymarket. So it's like, we're talking about
this as like the onboarding event for retail and like retail can't even get on polymarket so it's like we're talking about this is like the like the onboarding event
for retail and like retail can't even get on polymarket without throwing a vpn which kind of
deters from retail getting involved like what the fuck is i not my geo pilot or my geo location
well let me bet on you know you know taylor swift's wedding so like this starts with exchanges it's
going to filter down into more and more shit obviously and it's going to go to prediction markets it's going to go to airdrops and there's again you're
not going to have to use anything else vpn wise you're american citizen you can do whatever the
fuck you want in crypto is basically where we're heading which is dope so yeah i mean and it's like
you said it's dominoes right like i think this is going to cause a cascading effect and i would be
listening to kathy wood you know like she was the mega coinbase
bull i'd be i'd be listening to her and see what and and try to track what she's doing with her
coinbase if you're if you've got bags because you know if she starts dumping you you want to be on
top of that she probably was on this she knew this already did you guys see uh what was it
the el salvador president was referring to a poly market thing yesterday if he was basically referring to uh i guess it was the
kalish statement of the 25 chance that el salvador's btc reserve is worth one billion dollars
before december and he said it could be the funniest thing right now if he did this himself
so i mean when you're talking about you know manipulation i mean these guys around the world have access to this stuff he could buy it and fucking hedge his bet and put
some money down on kalish and insider trade the shit out of this because this bet's about him
so i thought that was funny and then you know we talked about prediction markets yesterday a few
that i have done research on that i thought were interesting there's one on monad that's coming out that's called kizzy mobile and it basically lets you bet on engagement uh on youtube and x so you can bet the under and over on the amount
of impressions like a treat a tweet could get so you can go under and over 12 million impressions
on a donald trump tweet and you can predict on that you can also there's have you not seen tween
i've seen that one too this one's the, Franklin's the number one
person on tween. Like, that's
where his ass vanished too. He's on
fucking, yeah, like, and that's that.
Like, all you do is go underneath,
uh, High Indian's also really big on that shit too.
All you do is find these viral tweets
and you just say,
uh, you, you tag them and
say, hey, 50,000 impressions
or, or whatever, right? and then there's a leaderboard
and you just yeah you're you're betting on the number of impressions of the virality of the post
itself is it uh tween dot lol yeah tween i'll turn that i'll turn that one up too yeah this is the
one that i've just seen franklin he's like the number one farmer on this shit
remember doing his time shit he's doing the same thing on all these tween posts bro but no one's
talking about him so i think that now as we're going into these production uh predictions uh
you're gonna start seeing it trickle down into everything so this is one and the one you're
talking about are probably about to catch some steam because yeah i mean this has been out for
months bro and no one's i've never heard anybody like bullish or a threat or nothing yeah i was just this girl did the video on it and
just the ui is interesting and it's on monad obviously you know monad's coming out soon so
if you guys are looking for you know new protocols on new chains this kizzy one is kind of leading
into kind of a predictive market another Another one was called Gondor,
which basically just got an angel round from Maven Capital.
And it's the first product,
a protocol for borrowing against polymarket positions.
So you're starting to get the DeFi layer on top of polymarket.
So just imagine you have a bet going out
and you're like $6,000 in the green.
You can take a loan out that getting a like a liquid token, and then go use that USDC or USDT
for something else or make another bet on top of it. So it's kind of adding the DeFi layer to bets.
That's called Gondor. You have XO Markets, which is still in beta. And it's basically you can
create any make your own predictions on this one. I can't get in,
but it's open conviction markets, create trade and share your beliefs. This is backed by Delphi
and Cyber Fund. So it has some big backers on it. And then the last one that I thought was pretty,
the last two was off market, which we talk about ventral. This one is basically a prediction
market on who like you can do prediction markets on IPOs and startup tech. So like this one is basically a prediction market on who, like you can do prediction markets on IPOs and startup tech.
So like this one is OpenAI, Notion, and Stripe.
You can put a bet on which one do you think IPO is first,
which I think is interesting if we're talking about prediction markets.
And the last one is Opinion Labs at XYZ.
The reason why I'm bullish on it is obviously all these prediction markets are based off liquidity.
Obviously, if you have no liquidity on your chain, you're going to struggle,
especially when there's a front run and people are trying to get off so a lot of these are going to fail but the fact that this one's um backed by echo which is kobe's brand anamoca
manifold trading and amber group makes me feel like this one's a little bit under the radar
and probably has some backing where they'll have excess liquidity on here and market makers to
actually fund these trades so those are i mean I mean, I've been doing some, you know, doing more research on the prediction
markets, want to get more into it in general. I feel like this is the emerging market,
you know, like this is going to be the next thing. And so I've been just stumbling in and
trying to do more research on these. And these are the ones that caught my eye. Obviously,
there will be more, but these are the ones that since I've been doing my research the past week, these are the ones that I basically think are the most bullish, have the
best UI, probably have the best chance to have the most liquidity, because that's what basically
this is all going to come down to. If your prediction market has $100,000 liquidity through
all the trades and $100 per fucking prediction, it's going to be really hard to get a lot of
people on. So that's why Polymarket
and Kalish are the ones that are elite because they have the most volume. But you'll see other
ones that are VC funded, have market makers on there to get people attracted, just like we see
with launch pads, just like we see within the T marketplaces. There will be liquidity added to
these things to kind of compete. And so I kind of see this being very similar to what we saw with
the launch pad meta, where eventually there's's gonna be so many prediction markets and it's
good they look but it's gonna be spread out and uh basically the best ones will win so
that's uh all i got today uh obviously i'm gonna do more research and prediction markets going
forward so if i find anything obviously i'll let you guys know so chief if you have anything else
feel free to bring it up if not we can end the show man. Yeah, go ahead Sam and then I'll close it up
Now real real quick. I was listening to you X on crash out
My first time getting into the prediction market and I dig it's real cool
So I tried my hands on Paulie Paulie mark
Paulie market, you know saying and I like it and also
What's the name slick wizard? I'm gonna? And I like it. And also, what's his name? Sleek Wizard.
I'm going to plug in tonight.
So thanks for everything, TDA.
TDA, stay poor.
Yep, Sam basically was one of the people that engaged with our content
and got shipped a free Bidaxe miner.
That's dope, dude.
I mean, all he had to do was interact, leave a comment, retweet Allison's thread,
and he got a free $500 miner that now he's going to hook up to Parasite Mining Pool and possibly one day have a chance to mine his own Bitcoin.
Or even be part of the pool that actually, you know, hits the Bitcoin block and gets, you know, that thing paid off.
And so, shout out to Sam, man.
All it took was, you know, a little dedication and retweeting the space.
So, shout out to you, Sam.
Appreciate you, brother.
Go ahead, Chief.
Yeah, no, I mean, I'm just gonna wrap it up. Uh pre-sale going live or is live on bear chain I guess you could call it a similar own fork but on bear itself
It does a really good job at explaining how own launched in the idea behind Olympus now
How it worked right the fact that they sold their own token, but they sold it to you for different tokens, right?
To basically amass a treasury
and then go about it that route.
So this is the same similar distribution
slash initial sale process.
But one of the things that BearChain has
is the chain itself has native yield, right?
You can just stake and earn actual native yield on the chain without it having to be specifically through X protocols, etc.
So that's the only difference here versus the assets that were acquired in the Olympus example just sat in the treasury well these assets that will be acquired will be natively staked on the
chain earning yield for those underlying tokens and for the dow that's created here so kind of
taking the the own model one step further right with an actual way for answering where does the
yield come from um but other than that appreciate everybody that came out everybody that wrote it out likes
and retweets engages with the thread engages with the space it means a lot to us uh we do this
tuesday through saturday 11 till about 12 12 30 just depends on the conversation at hand people
on stage stage is always open anyone wants to come up share uh contribute add some alpha to it right just ask that you're not
trying to sell us something is all right allow us to grow from you allow us to grow with you
and then other than that guys there is a thread that goes out covers everything that we talked
about i know it's a lot of information just use the thread as a resource any likes engagement on
that not only can get you different prizes and allocations to whitelist,
et cetera, right? The deserve to earn, for example, the minor for Sam, et cetera. But it's also how we
grow TDA, right? We get more people in here that maybe this information can make a difference for
them. So catch you guys tomorrow. It's TDA or stay poor. See you in the foundry. Y'all be safe and
have a good one.
