Latest / CRYPTO 101 / Meme Coin Mania: LAPTOP Fail & The Top Meme Coin Trades Right Now!

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Meme Coin Mania: LAPTOP Fail & The Top Meme Coin Trades Right Now! · CRYPTO 101

0:08
[SPEAKER_00]: All right, everybody, welcome back to the crypto rundown, a special Friday edition.
0:13
[SPEAKER_00]: Only one rundown this week, there's a lot to cover.
0:15
[SPEAKER_00]: You see it on the screen right now, the lab top coin fail, Hunter Biden releasing his laptop coin as you know, if you're inside the community, we put a huge alert on this.
0:27
[SPEAKER_00]: It was a do not touch.
0:28
[SPEAKER_00]: It was a classic pump and dump scheme, everybody saw for funding.
0:32
[SPEAKER_00]: but still people got hurt there was liquidity that got sucked in it was a straight crash down we're going to cover everything going on with laptop coin and everything in the crypto markets there's a lot going on the cbi came out today came in a smidge hot um it looks like the markets thinking that next week the fed is actually going to hike rates so you're thinking oh no everything's going to crash big coins down the theorems down all the all coins are down wrong
0:55
[SPEAKER_00]: Bitcoin recovered Ethereum squeezed absolutely broke out of that range.
0:59
[SPEAKER_00]: We're going to cover it all right now on the rundown We have Brian.
1:03
[SPEAKER_00]: Thank goodness to cover everything laptop coin everything meme coins and all things market news You're in the right place give us a thumb was up if you're new hit the bottom right and subscribe Brian welcome to the show.
1:13
[SPEAKER_00]: Did you did you buy any laptop coin?
1:16
[SPEAKER_02]: No, no, man.
1:18
[SPEAKER_02]: I didn't buy any laptop.
1:19
[SPEAKER_02]: You would think I'm always there for the the big win, but I actually saw that this the reports leaking out about this laptop saga and I couldn't have gotten myself farther away to be completely honest with you, and I'm happy I stayed away.
1:34
[SPEAKER_00]: Yeah, it's like an easy, like you're from Tweet from James State Farm here.
1:40
[SPEAKER_00]: It was such an easy if you're in the mix of crypto.
1:43
[SPEAKER_00]: It was the all-time, like, biggest stay away.
1:46
[SPEAKER_00]: Like, get your popcorn, watch this thing die.
1:48
[SPEAKER_00]: And then, you know, obviously the outside media is going to narrow to those more crypto scam and all that stuff, which I guess, you know, it was.
1:54
[SPEAKER_00]: And then, I guess we can cover what Hunter Biden was saying about it.
1:58
[SPEAKER_00]: But just an absolute, an absolute dump.
2:01
[SPEAKER_02]: Yeah, I mean, I guess do I just dive into it a little bit and talk and just chop it up about what Yeah, I mean we can kind of play I mean it's a two and a half in a video.
2:10
[SPEAKER_00]: I don't think we'll play at all But let's let's just we can click around and hear some of his take and then what we'll go from there Everyone hunter here.
2:18
[SPEAKER_01]: It's been a long couple days, but I'm used for long days I want to make one thing here is that this is my fucking token
2:28
[SPEAKER_01]: I've been working on this thing for six months straight and I have gone in deep in terms of cryptocurrency and understanding exactly what I was getting into and what I was getting into was trying to do something just markedly different than what has been offered up to the community in the past two years.
2:49
[SPEAKER_01]: That's something that actually...
2:51
[SPEAKER_00]: It's classic, classic meme-coin dump talk.
2:54
[SPEAKER_00]: I mean, this one's going to be different, right?
2:56
[SPEAKER_01]: was intimately involved in every single discussion, every single step of the way in creating the tokenomics and creating the way in which the coin would be presented.
3:08
[SPEAKER_01]: And at the end of the day, it's my responsibility.
3:11
[SPEAKER_01]: And there was a buck up, a buck up occurred in the first 30 seconds of launching the coin.
3:18
[SPEAKER_01]: It was the market maker for some unknown goddamn reason, only put in $5,000 of liquidity.
3:25
[SPEAKER_01]: And the demand was through the roof.
3:29
[SPEAKER_01]: And what happened was, is that the coin went up to,
3:33
[SPEAKER_01]: I mean, I promise you, is that we're going to make it right and we're working our asses off to make certain that we can do that.
3:41
[SPEAKER_01]: So stay tuned for more information, but I just want everybody to know, this isn't some bullshit fucking celebrity token where I get on Twitter and say, Oh, I didn't know about this and, you know, I'm really sorry.
3:53
[SPEAKER_01]: This is, I'm, it's my responsibility.
3:56
[SPEAKER_00]: Good quote for the feds there.
3:58
[SPEAKER_00]: He's got a, it's my responsibility.
4:01
[SPEAKER_00]: anything else goes wrong on this thing.
4:02
[SPEAKER_00]: Brian, break it down for us.
4:05
[SPEAKER_02]: Yeah, so it launched on our base, which is interesting with this extremely thin amount of liquidity like he said.
4:12
[SPEAKER_02]: So snipers and bots pile in and the price surges.
4:17
[SPEAKER_02]: And for brief moment, the token run printed like this ridiculous valuation like right around $110 billion and then just disappears.
4:25
[SPEAKER_02]: within the first hour, a crash is 99%, bubble maps I was looking at, it's said, where is it here?
4:33
[SPEAKER_02]: 80% of the people who invest in it lost money.
4:36
[SPEAKER_02]: With some wall, it's taken six figure losses.
4:40
[SPEAKER_02]: Can you imagine taking six figure loss, investing in the tough discussion to have with the wife at the end of the day?
4:46
[SPEAKER_02]: I'll tell you that much.
4:48
[SPEAKER_02]: But there is a pretty big distinction here.
4:50
[SPEAKER_02]: There's no evidence that
4:52
[SPEAKER_02]: I guess Hunter dumped his founder's bag, he had this 30% a huge allocation walked, and we just heard that his explanation basically, it's not a rug, it was just terrible initial liquidity combined with sniper bots and massive demand he calls.
5:10
[SPEAKER_02]: But whatever you want to call it, the resolve for traders was brutal, a token that briefly looked like one of the biggest coins on earth,
5:20
[SPEAKER_02]: And that's the biggest lesson, I guess, is a hundred billion dollar number on the screen doesn't mean there's a hundred billion dollars in real money behind it.
5:28
[SPEAKER_02]: When you've thin liquidity and a few trades, it can send it absolutely soaring.
5:32
[SPEAKER_02]: It's a crap token, not financial advice, I wouldn't touch it, I'd even think about touching it.
5:38
[SPEAKER_02]: I'm glad that some people may call out to it like, hey, this is getting announced out there.
5:43
[SPEAKER_02]: But, and he goes, it's not another celebrity meme coin, jumping on X.
5:47
[SPEAKER_02]: That's exactly what he's doing.
5:49
[SPEAKER_02]: I would have more faith in Hock II's coin than this laptop coin.
5:55
[SPEAKER_02]: So, that's a brief breakdown of what happened.
5:58
[SPEAKER_02]: It's a big, big stay away from me personally.
6:03
[SPEAKER_00]: Yeah, bad investments, good times.
6:05
[SPEAKER_00]: Uh, it seems to be what Hunter Biden's all about.
6:08
[SPEAKER_00]: But hey, stay tuned.
6:08
[SPEAKER_00]: He's going to be, uh, he's going to be with it.
6:11
[SPEAKER_00]: And, uh, you know, hey, who knows, stay stay stay stay tuned there.
6:16
[SPEAKER_00]: Um, huge week for meme coins, though, biggest week for the trenches since the Trump Coin debuted.
6:21
[SPEAKER_00]: Uh, you know, I think we've been kind of telegrafting that on the show.
6:24
[SPEAKER_00]: Obviously, inside the community, you and the Joe have been absolutely, uh, hot.
6:28
[SPEAKER_00]: Is anything, uh, what else is going on?
6:31
[SPEAKER_02]: Yet, man, the trenches, if you want to call it meme coins, have absolutely still been ripping in on fire.
6:38
[SPEAKER_02]: So we have to ignore the headlines that Hunter Biden is putting out there with this laptop and take a look at some of the terminals where people are trading.
6:47
[SPEAKER_02]: meme coin, you know there's a pump app there's an app called FOMO there's an app called GMG and these are trench apps and they did six and a third billion in a week And that's the first week of size since Trump launched in January of last year and two apps did a lot of that volume But retail retail's back in the mud baby We're rolling around like some pigs out there, but you you love to see it and a lot of these tickers might be dead in a month
7:14
[SPEAKER_02]: But the volume is not fake, the volume is certainly there and I always say it, when the trenches start to heat up, it can get messy out there, so be careful and we've had some huge winners and shout out to Joe, we've had some huge winners.
7:28
[SPEAKER_02]: But you want to be careful, you still want to guard your profits.
7:32
[SPEAKER_02]: But when the trenches start to heat up, I always think it's a little bit about what we do.
7:36
[SPEAKER_02]: I precursor to what's going to happen, hopefully, with the bigger alt with the majors in the crypto market.
7:43
[SPEAKER_02]: It always seems to move first in the trenches and then it rolls over.
7:47
[SPEAKER_02]: I think it's kind of lining up what we've been saying on this show, like October, things might really start to get silly.
7:53
[SPEAKER_00]: Yeah, it could, I think, I think next week, and we'll continue to cover it looking forward is it definitely some could be kind of labeled as a clearing event, right, with the Fed rate decision.
8:06
[SPEAKER_00]: Because even if it kind of comes to the telegraph, all right, we won't go down that rabbit hole, but I think that T's up is like, all eyes are on this, what's going to happen.
8:14
[SPEAKER_00]: And I think we see today is the market's just wants to know what's going to happen and it might be moving either way.
8:20
[SPEAKER_00]: Um, but to stay in the trenches, uh, stocks, something that you've talked about in the community, uh, and then we brought it to the podcast, even in both times.
8:29
[SPEAKER_00]: It's just continued to move.
8:32
[SPEAKER_02]: I can't stop talking about this and apologies for everyone who digest our, our, our, our, um, content on a daily because I just can't stop talking about stock because we, I mean, we got, we got a hundred
8:49
[SPEAKER_02]: which was amazing.
8:50
[SPEAKER_02]: We called it right around 2 million.
8:52
[SPEAKER_02]: I think it's like 250 as of right now.
8:55
[SPEAKER_02]: But it's a launchpad token called Stunkfun and it lets you pair any new coin against anything.
9:01
[SPEAKER_02]: And we talked about this on last run down and specifically like a tokenized stock or Z cash or any other name.
9:08
[SPEAKER_02]: And the house token has printed a
9:10
[SPEAKER_02]: and all time high today again, absolutely ripping and it's the coin each fees and has unique buyback mechanisms and it's a reason why it's absolutely going up in a straight line.
9:24
[SPEAKER_02]: I love to see it, but the interesting thing about Stalk is this is on the Solana network.
9:29
[SPEAKER_02]: So there's been tons of action and tons of action on Robinhood and these tokenized stocks on the Robinhood chain, but stock, the reason we liked it moment of my makers is when it first came out.
9:40
[SPEAKER_02]: I was like, there's no way Solana's just a standby and watch Robinhood just eat the entire feast on this tokenized stock pairings.
9:49
[SPEAKER_02]: And the one launch pad that came out, this was early on with stock and I'm like, man, if they embrace it, if the Solana Foundation
9:58
[SPEAKER_02]: things going to go to the moon and we're seeing it.
10:00
[SPEAKER_02]: It peeled back a couple of days ago and then it just went to an all-time high.
10:05
[SPEAKER_02]: So I love it.
10:07
[SPEAKER_02]: For anybody that got in on it, I'm still carrying a pretty healthy bag.
10:11
[SPEAKER_02]: I mean, but that is a tough candle I get into buying.
10:14
[SPEAKER_02]: It's just a tough chart to buy into, but there is a path here because it's a launch pad and what they're doing.
10:22
[SPEAKER_02]: There is a path here where I wouldn't be surprised if it's higher.
10:25
[SPEAKER_02]: But you got to be careful here.
10:27
[SPEAKER_02]: I mean, we call it two million though.
10:29
[SPEAKER_02]: So I absolutely love talking about it because it's one of the biggest wins I think I've ever had period.
10:35
[SPEAKER_00]: yeah it's it's congratulations to you guys on that and then obviously if there's anybody that's interesting to making sure that they're inside the community with Brian and Joe check the links below get involved in momentum money makers and then we actually have our number one coin owned that the team kind of did the research on and they're pushing right now inside the community so if you want that number one coin check the link below.
10:58
[SPEAKER_00]: We have it for you guys.
10:59
[SPEAKER_00]: The market's hot right now.
11:00
[SPEAKER_00]: So it's time to get involved.
11:02
[SPEAKER_00]: It's time to up your education and crypto 101 whether it's the podcast need to start listening every day And if you're somebody that wants that first alert For what the team is doing for what Brian Joe Bryce Brendan everybody is doing check out the number one coin report below For this rundown on Friday.
11:20
[SPEAKER_00]: I don't think it would be disappointed in it at all.
11:22
[SPEAKER_00]: So check it out
11:23
[SPEAKER_00]: I got the, yeah, you just finished off on stock there.
11:26
[SPEAKER_00]: I brought up the Dexter Greener for everybody tough, tough chart there, but that doesn't mean that there's other opportunities out there, like, knots.
11:34
[SPEAKER_00]: What's going on with knots?
11:36
[SPEAKER_02]: Yeah, I just I just brought one up because you know we can talk about stock all we want and you know sometimes we have winners sometimes we have losers But just recently we gave this out.
11:45
[SPEAKER_02]: So I was gonna give a shout out to Joe.
11:47
[SPEAKER_02]: He called this one this past week and I think it's up like a three X from his call and it's it's a it's a cusp I was a cusp this week and it was called nuts When you if you look really closely you're like what the heck's nuts?
12:00
[SPEAKER_02]: Well, all it is and this is when things start to get a little traffic or frothy
12:04
[SPEAKER_02]: It's just Stunk spelled backwards.
12:09
[SPEAKER_02]: I mean, that's kind of the story.
12:11
[SPEAKER_02]: So you got to be a little bit careful here when we see things start sloshing around, but it's actually paired with Stunk.
12:18
[SPEAKER_02]: So it says Stunk goes up.
12:20
[SPEAKER_02]: This is paired with Stunk, so this has been ripping up.
12:23
[SPEAKER_02]: It's only a few days old.
12:25
[SPEAKER_02]: It's up a nice three X, I think, from when Joe called it.
12:28
[SPEAKER_02]: Um, and there's not a lot of nuts and bolts to it other than it's paired with stonk it's it's stonk spelled backwards, but we're seeing a lot of this we're seeing a lot of this in the trenches right now we're seeing a lot of different coins like we have one called candle that's paired with lighter or lit and you get rewarded or air dropped lit if you own that candle token so we're seeing
12:53
[SPEAKER_02]: a new form of meme coins, but you get rewarded in a very lucrative and interesting way, and it's either tokenize stocks or other meme coins, and it's grabbed attention and you need attention in this market.
13:07
[SPEAKER_02]: It's exactly what's happening.
13:09
[SPEAKER_02]: And even if you don't want to get into something these microcaps, you still want to be paying attention and see where the pucks going because there's always unique opportunity.
13:18
[SPEAKER_02]: And some of these like knots is tough to get into.
13:23
[SPEAKER_02]: I'm not getting into it now, but it all goes back to maybe some more of these platform plays.
13:28
[SPEAKER_02]: We talked about pawns a lot.
13:29
[SPEAKER_02]: We've talked about stonko a lot.
13:31
[SPEAKER_02]: Those are the launch pads.
13:32
[SPEAKER_02]: Those are actual utility plays that are leaning in to this new, I don't know, it's called like me point three point now.
13:40
[SPEAKER_02]: This new world.
13:42
[SPEAKER_02]: And I think I don't think it's cool enough anytime soon.
13:45
[SPEAKER_02]: I think it gives to be careful with some of the tokens out there, but I think
13:51
[SPEAKER_00]: Yeah, it's it's good to bring up being cautious and doing your research and that's again why this podcast is important, why being in the community is important because things change, narratives change and even old dogs sometimes are having trouble learning new tricks, I'll bring this up for everybody through the Dogecoin map and it's just like, hey, sure over the last, you know, month, it's up 20% but there's just so many other projects that are
14:15
[SPEAKER_00]: Doing so much better in that time frame and then you bring it out to the one year and it's like I can't even get back to it's May highs on all this positive news and I bring this up because then you start to see things like this So Bitwise is shutting down.
14:29
[SPEAKER_00]: It's Dogecoin ETF.
14:30
[SPEAKER_00]: Be wow, bow wow Less than one year after it's launched and again, this isn't this doesn't mean Dogecoin's dead I don't think either of us necessarily believe that but
14:40
[SPEAKER_00]: It is a showcase of how hot the market has been for, you know, large caps, blue chips and the memecoin market like we just said is that the most volume since the Trump coin and this old, old guard, a blue chip of the meme world, if you will.
14:55
[SPEAKER_00]: just can't really seem to get it off off the mat and then you start to see this because we covered this when you know bit wise was going live with this this b-wow and then I don't think the pudgy penguin will never made it.
15:07
[SPEAKER_00]: I figured it was 21 shares maybe was putting that out or somebody was.
15:09
[SPEAKER_00]: I don't want to speak out of term.
15:11
[SPEAKER_00]: There was the talk trying to bring out like a pen goo ETF.
15:14
[SPEAKER_00]: I don't think I ever went live But there's you know a lot of noise around what's hot And you just got to be careful.
15:19
[SPEAKER_00]: I thought it'd be good for our viewers to know in case anybody is holding any of this Looks like it would be sunseting on August 14th So what do you think there though?
15:28
[SPEAKER_00]: There's the positive side of the trenches which again our team is just absolutely loving right now But it's it's a who's who market and if you're not you know if you're not delivering you're gonna be taking a backseat
15:38
[SPEAKER_02]: Yeah, great way to put it in.
15:40
[SPEAKER_02]: This is kind of like doge coins like me if I talked about what we're seeing right now with tokenized stocks and these other unique pairings is meme point season 3.0 Doge is meme coin 1.0 is the the trendsetter we were just hanging on you know Elon to tweet about it or it's just doge was made as a joke and it's it's tough to fade
16:02
[SPEAKER_02]: Super long term because it's like the original.
16:05
[SPEAKER_02]: It's like almost like the rookie card of meme coins But I was never a doge guy.
16:09
[SPEAKER_02]: I'll be the first one admit.
16:10
[SPEAKER_02]: I don't own doge.
16:11
[SPEAKER_02]: I haven't bought into doge I I never like really like to knocky to either because I see it being like kind of the first meme coin out there And why it has that lore, but that's really all it has now you now you buy meme coins
16:25
[SPEAKER_02]: and i'm getting like i buy like a candle and i'm getting like a hundred dollars a day and lighter and i'm like this is great like it's like providing like some sort of utility and a story so in doge already was like such a high market cap.
16:40
[SPEAKER_02]: So like, I don't even know what it is today.
16:42
[SPEAKER_02]: We'll look when we look at coin market capital.
16:44
[SPEAKER_02]: Let's say it's like 40 million.
16:45
[SPEAKER_02]: Two X is 80 million.
16:47
[SPEAKER_02]: It just needs so much money.
16:49
[SPEAKER_02]: And when you, and if a meme ETF doesn't attract flows, like we're seeing, they don't keep the lights on.
16:57
[SPEAKER_02]: You know, they're going to turn it off and shut it down.
16:59
[SPEAKER_02]: So I don't blame bit-wise.
17:01
[SPEAKER_02]: I don't think Dodge claims get good to zero or anything along those lines.
17:02
[SPEAKER_02]: I just think there's just a lot more interesting opportunities.
17:04
[SPEAKER_02]: If you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to, if you're going to
17:18
[SPEAKER_00]: Yeah, it makes sense and we'll transition here.
17:21
[SPEAKER_00]: We're going to do a little macro just quick hitters news Then we're going to do the CPI print that'll lead us into coin market cap to wrap up to go over the other High Flyers more of the higher market caps the blue chips that we see going on here So you're going to want to stick around for that But let's do some quick hitters first.
17:38
[SPEAKER_00]: I thought this was interesting this caught my
17:40
[SPEAKER_00]: caught my eye.
17:41
[SPEAKER_00]: It was a Robin Hood takes a minority stake in crypto dot com.
17:46
[SPEAKER_00]: Again, Robinhood staying in the crypto sphere.
17:50
[SPEAKER_00]: Just adding to it to a little stake there.
17:52
[SPEAKER_00]: Very interesting.
17:54
[SPEAKER_02]: Yeah, I think this is not a new listing.
17:56
[SPEAKER_02]: It's like prediction markets, like hoods sending, like football contracts through OG Crypto.com's regulated venue and they're taking a piece of the company at what, what is it, like 20 billion evaluation.
18:10
[SPEAKER_02]: And NFL is, is the on-ramp.
18:12
[SPEAKER_02]: Midterms are the bigger game and they're not adding another coin.
18:15
[SPEAKER_02]: They're buying a seat in the house.
18:17
[SPEAKER_02]: So it's an interesting, it's an interesting world to see these two.
18:23
[SPEAKER_02]: come together.
18:24
[SPEAKER_02]: And I think there was also, we don't have this on the sheet.
18:27
[SPEAKER_02]: I think crypto.com also like partnered with a with a major Like NASDAQ or somebody just recently I saw I kind of forget there was something pretty big it just sparked my memory Seeing that there was like a big collaboration or rumors of one, but you know these tokenized assets these prediction markets We've been talking about prediction markets Tvo before they were uncool
18:52
[SPEAKER_00]: Yeah, it's, you know, another credit dust just on just on top of it.
18:58
[SPEAKER_00]: We were calling for the prediction market super cycle before anybody even knew what calcium was or polymarket for that matter.
19:04
[SPEAKER_00]: So, so credit us, yeah, I don't see, I just did a quick search and we'll see anything, but yeah, all these, it feels like the winners, there's the top tiers, it's going to be the has and the hasbens.
19:14
[SPEAKER_00]: And the winners are going to start partnering together.
19:17
[SPEAKER_00]: And there's going to be some obviously for the prediction market world kind of like we said this right when it was starting was like, hey, this thing reminds us like the gambling world.
19:26
[SPEAKER_00]: There were so many, you know, the ESPN bets, the Marshall sports books and all, you know, it's 24 bet whatever, you know, MGM Bell, those are the lower level ones that aren't making it.
19:36
[SPEAKER_00]: They're folding, they're getting bought out.
19:38
[SPEAKER_00]: They're closing up shop.
19:39
[SPEAKER_00]: And I feel like the prediction market, you know,
19:45
[SPEAKER_00]: to that.
19:46
[SPEAKER_00]: We have a clarity act update that you wanted to touch on as we had the next week something to watch out for.
19:51
[SPEAKER_02]: Yeah, I think they rewrote the the D-File rules here.
19:57
[SPEAKER_02]: So, so next week's a pretty big week and if you're D-File protocol still as a human at the wheel, someone who can change the rules or keep people out, they want to want it registered and they want
20:11
[SPEAKER_02]: bank rules on it.
20:12
[SPEAKER_02]: So code with nobody in charge is supposed to stay out and credit unions get language.
20:17
[SPEAKER_02]: There's the ethics fight that's still going on is not fixed yet.
20:22
[SPEAKER_02]: I think Tuesday is a pretty big day for this.
20:25
[SPEAKER_02]: We got 60 votes just to start the debate.
20:28
[SPEAKER_02]: Um, do not say, um, I'm not saying that, you know, this is going to pass or anything wanting those lines, but there's still headlines, trickling out here around the clarity act.
20:39
[SPEAKER_02]: I'm still a little bearish.
20:40
[SPEAKER_02]: It gets done.
20:41
[SPEAKER_02]: I haven't looked at the Pauli market odds on it recently, but it is interesting to say that there's still, there's still moving forward kind of with the language here and trying to make it happen.
20:53
[SPEAKER_02]: So, next week's a big week,
20:58
[SPEAKER_00]: Yeah, it's always a big week with CPI, a fed decision.
21:03
[SPEAKER_00]: People are talking about clarity acts getting voted on.
21:06
[SPEAKER_00]: Yeah, time to really lock in as we head into the end of the year, guys, summers over.
21:11
[SPEAKER_00]: So all the more reason to be tuning in more and more.
21:14
[SPEAKER_00]: Big hack last week.
21:16
[SPEAKER_00]: This was pretty interesting.
21:18
[SPEAKER_00]: You never like to see it.
21:20
[SPEAKER_00]: I guess it had a better ending than most acts, but what was going on here, Brian?
21:26
[SPEAKER_02]: Yeah, so I'm getting all this going so so last week liquid is the it got hit That's the Bitcoin side chain.
21:37
[SPEAKER_02]: It's it's again.
21:38
[SPEAKER_02]: It's not stolen keys It's not a bug in the code about 4,000 Bitcoin walked out of the reserve and in users as as far as we can tell when we were talking about before the show didn't lose their
21:52
[SPEAKER_02]: Bitcoin we don't believe the people who took it sent 3,400 back and it says in blockchain actually says they'll cover the LBTC peg one for one.
22:03
[SPEAKER_02]: So if you held a hell liquid Bitcoin they're saying you can get made whole which is a good part of the story.
22:11
[SPEAKER_02]: What left to fight over is that last 600 coins about 47 million dollars and that's still sitting with them and they want a
22:21
[SPEAKER_02]: Blocks room is said that they're not paying that liquid is producing blocks again, transactions are moving with jaws are back to real Bitcoin are shut.
22:31
[SPEAKER_02]: So most of the money came out and users are being told that they're covered, but there's 600 Bitcoin out there right now, and what I say, $47 million, that's a little bit more of an unresolved piece of the puzzle.
22:44
[SPEAKER_02]: So we'll see all that all shakes out, but it could have been way worse.
22:47
[SPEAKER_02]: This could have been way worse, so we're starting to see, you know, they got some coins back, but there's still 600 still float now out there, but this doesn't affect a lot of people, but it's something that we always want to touch on.
23:00
[SPEAKER_00]: Yeah, it's good to know, obviously you want to keep your fun safe and however you believe can can be the safest way, but yeah, you hate to hate to get hacked, but at least decent end to that story.
23:12
[SPEAKER_00]: We've definitely seen some worse ones.
23:15
[SPEAKER_00]: I want to give a shout out to the chat.
23:16
[SPEAKER_00]: We got Matt and there.
23:17
[SPEAKER_00]: We got a couple of other people tuning in live, really appreciated.
23:20
[SPEAKER_00]: Let us let us know where you're watching in from obviously the market's hot.
23:24
[SPEAKER_00]: There's a lot of a lot of positive news to talk about as we kind of
23:29
[SPEAKER_00]: four next week and covering what we're seeing with the macro level and seeing what's moving at the higher and level the blue chips, the bitcoins, the Ethereum's CPI inflation hit today comes in at 3.4 in line with expectations.
23:44
[SPEAKER_00]: Course CPI falls also in line with expectations, but the month over month plus 0.4.
23:52
[SPEAKER_00]: So coming in as they say a little hot.
23:56
[SPEAKER_00]: and then poly-market all the bedding odds for a rate hike next week start to go up the long end of the bond market went up.
24:02
[SPEAKER_00]: So there's two sides to this.
24:03
[SPEAKER_00]: You might think, hey, don't fight the fed.
24:05
[SPEAKER_00]: If rates are going higher, there's going to be a sell-off.
24:07
[SPEAKER_00]: And that's not really what happened.
24:10
[SPEAKER_00]: As we pull up coin market cap here in the 24-hour window, that's not what we're seeing in the crypto market.
24:17
[SPEAKER_00]: So I guess I can kind of give my take first is I think of next week
24:25
[SPEAKER_00]: And so I think the market just wants to know where the feds had at and actually a possibility I guess I wouldn't say I was on this boat, and this is what is good about opinions and shows things can change if you ask me this, you know, three, six months ago.
24:41
[SPEAKER_00]: I wouldn't have agreed with this, but it feels like the market just wants to know that the Fed is willing to be independent.
24:47
[SPEAKER_00]: And so if inflation's still coming in a little hot, you can talk to the market and say, hey, here inflation's coming in hot.
24:52
[SPEAKER_00]: Here's why it's coming in hot.
24:54
[SPEAKER_00]: Here's what we're seeing and here's what we're going to do about it.
24:56
[SPEAKER_00]: I think there was a little bit of worry of a politically of like, okay, is the Fed share in the pocket of the president.
25:02
[SPEAKER_00]: He's going to do with the president once and if inflation's still hot, you're going to cut.
25:05
[SPEAKER_00]: And then you'll have the
25:09
[SPEAKER_00]: are going to let bond rates just fly even though you're cutting rates and I feels like the fed the new fed chair and the fed team here is not letting that happen.
25:18
[SPEAKER_00]: So it does leave for a possible cut and then as we always say it's the press conference that really matters the most.
25:25
[SPEAKER_00]: So if he what if he cuts and he says hey we're doing this preemptively and then he goes ahead and says hey we're not cutting for the rest of the year we're going to see what the this is preemptive but like I'm just giving a scenario like hey we're raising interest rates
25:38
[SPEAKER_00]: I feel I feel very smart when I say bith brine.
25:41
[SPEAKER_00]: We're going to raise it a core, you know, quarterback here.
25:44
[SPEAKER_00]: And, um, and then, but we're, but he projects that saying as we see it, we don't, we don't think we're going to be hiking the rest of the year, thus saying, hey, in October, we're not hiking.
25:53
[SPEAKER_00]: We're not hiking before the midterm elections.
25:55
[SPEAKER_00]: And we're going to see what the data says in the beginning of 27 before we make another move.
26:00
[SPEAKER_00]: That would be just basically giving a runway and a green light to the markets and saying, hey, go, you know, have some fun.
26:06
[SPEAKER_00]: So a race could actually be a clearing event for the bulls, or the vice versa.
26:10
[SPEAKER_00]: You could raise, and if he hints at, hey, we're heading into a raising cycle, then that's a don't fight the Fed, and I think you would see the markets kind of go the other way.
26:19
[SPEAKER_00]: So any take from you, what are you looking for going in next week, and then what's your reaction to man?
26:24
[SPEAKER_00]: Bitcoin looking strong, it came off the mat and my god in Ethereum, if you want to lead us there into Ethereum, we could pull that chart.
26:33
[SPEAKER_02]: Yeah, I mean, well, you know, you know, it came in a 10th hot and that number obviously moved the high gods for next week, so that's always on the table.
26:43
[SPEAKER_02]: But I love that take you just gave us.
26:45
[SPEAKER_02]: I think the market just just wants to know and understand and I think you nailed it with that take.
26:52
[SPEAKER_02]: But Bitcoin whipped down to the mid 70s and then obviously recovered a little bit.
26:57
[SPEAKER_02]: We're sitting what, like 77, 78,000 right now.
27:02
[SPEAKER_02]: It actually squeezed and were above 2,500 bucks in Ethereum, so it does feel like the market's ready.
27:12
[SPEAKER_02]: Right?
27:13
[SPEAKER_02]: It feels good for some reason and I know the next date is the Fed and that's going to be a big day, but it just feels like we're kind of back to
27:24
[SPEAKER_02]: the good old days of what a bull market could start producing.
27:27
[SPEAKER_02]: You know when you know you just start getting any headline that's slightly bullish or just not super negative and we start going what's it yeah what's that fear and greed as I'm talking a little greedy there I had to pull it off.
27:40
[SPEAKER_02]: I feel a little greedy man.
27:42
[SPEAKER_02]: I mean we're seeing like tokenized stocks pair of mean coins going through the roof.
27:46
[SPEAKER_02]: We're getting interesting data out here in the with
27:54
[SPEAKER_02]: So this feels about right though, 70 feels about right and I'm okay with it because I think we stay greedy for a little while longer.
28:02
[SPEAKER_00]: like that.
28:03
[SPEAKER_00]: I mean, this ethereum, this squeeze that happened.
28:06
[SPEAKER_00]: I know if you've been watching the hunter and Brendan on our weekly technical analysis, they've been covering Ethereum just in this almost a month, not fully a month, but if we had a breakout here and just hitting this range and testing that, testing that level just again and again and again and then if you go into a week,
28:25
[SPEAKER_00]: Here's that level specifically, and then, I mean, that's a, you know, that's a confirmed breakout.
28:30
[SPEAKER_00]: So again, retracing a little bit down to 2500, but it'll be very interesting to see, you know, I think that 2500 mark or 2550 is the, the mark to hold to see if this thing starts to head towards 29, and, and the, the bulls seem to have a grasp on it right now at that breakout today.
28:47
[SPEAKER_00]: Tom Lee, enjoying his weekend, I believe, off to an early start here.
28:51
[SPEAKER_02]: Yeah, he's been banging that drum for a while now and he's probably feeling pretty good.
28:56
[SPEAKER_02]: His average buys are probably getting decent right now.
29:00
[SPEAKER_02]: I don't know, I like where we're sitting right now.
29:03
[SPEAKER_02]: I feel pretty good about how the market's just been digesting any and all news.
29:08
[SPEAKER_02]: But, you know, there's always something that could come up or, you know, shake the market a little bit, but right now it feels pretty steady.
29:16
[SPEAKER_00]: Yeah, does feel steady, feels, feels good.
29:21
[SPEAKER_00]: Kind of some more ethereum news that we saw is ethereum looking to be quantum safe around the corner here.
29:29
[SPEAKER_00]: You brought this one up.
29:30
[SPEAKER_00]: So what do you see in here?
29:31
[SPEAKER_00]: A little quantum safe, our quantum resistance, sorry, by December 2029.
29:35
[SPEAKER_00]: So,
29:37
[SPEAKER_00]: Again, a lot of the storyline around Bitcoin and not being able to be quantum resistant or figuring out who is going to lead that charge to get a consensus of where that chain's going to go.
29:49
[SPEAKER_00]: Then you have Ethereum laying out a road map here.
29:54
[SPEAKER_02]: Yeah, I mean, Ethereum or the Ethereum Foundation, I should say, has been pretty proactive and they put out their next upgrade notes as you can see.
30:02
[SPEAKER_02]: After the current fourth, the next one's, I believe I'm saying right, Hagata, the simple versions basically, they want you to be able to get a transaction on chain even if a block builder tries to freeze you out.
30:14
[SPEAKER_02]: That's the inclusion list thing, so same post, they set a date of 2029 and they want a theorem safe against quantum computers by the end of, you know, 2029 and hopefully even sooner.
30:28
[SPEAKER_02]: But that's three years of work, not something that's going to trade today or be overly concerned today.
30:34
[SPEAKER_02]: They've got an AMN asked me anything next week.
30:38
[SPEAKER_02]: If you really want to get into the weeds, I'm going to probably try to tune in on this.
30:42
[SPEAKER_02]: But you know, the next fork is about to get a, about to get a transaction in and they've put a quantum deadline on the calendar you love to see and I, I do believe that like a lot of these cryptos need to be
30:57
[SPEAKER_02]: really taking quantum seriously and I think a lot of them are because with the use of AI and the growth of AI, that could start expediting some of these concerns.
31:08
[SPEAKER_02]: I'm still not overly concerned about it.
31:09
[SPEAKER_02]: I think it gets a little blown up a portion, but it's great to see the theorem and foundations like, hey, we got a date where we need to have this set ready to roll and it's before the date that we think everything could get really hairy and it's just good to see.
31:23
[SPEAKER_02]: I think it's going to help.
31:25
[SPEAKER_02]: improve the Ethereum story long term.
31:31
[SPEAKER_00]: I agree.
31:33
[SPEAKER_00]: Another thing to keep in mind is Ethereum Foundation has net net sellers, right?
31:37
[SPEAKER_00]: Over the last, you know, years say.
31:39
[SPEAKER_00]: So, you appreciate them being involved.
31:42
[SPEAKER_00]: And obviously, the OGs of the Ethereum narrative and Vitalik and all that.
31:48
[SPEAKER_00]: But you got to remember that there's the Tom Lee's, the Bitmines, all the other dats.
31:52
[SPEAKER_00]: A lot of, you know, new age, youth holders.
31:55
[SPEAKER_00]: And I think at least in my mind, you know, again, I'm just kind of the podcast producer.
32:01
[SPEAKER_00]: I like to think of, you know, the people that are holding it are going to have a big set.
32:06
[SPEAKER_00]: And I think that's kind of what, you know, Tom Lee's the alchemy of 5% as they continue to build towards that in their close and other people that continue to hold large amounts of Ethereum that were really buying the dip.
32:16
[SPEAKER_00]: I think it's important for the Ethereum Foundation to be involved, especially Vitalik.
32:18
[SPEAKER_00]: But I think it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it's, it
32:23
[SPEAKER_00]: even more important for everybody who's been these big time bag holders to be a part of that discussion.
32:29
[SPEAKER_00]: And as you do an AMA, like it's timely attending that, it's a bit mind-attending that.
32:33
[SPEAKER_00]: I think that's really important for the long-term vision of holders to kind of be unlocked up as that.
32:40
[SPEAKER_00]: I think that at least for me, that's something I'm going to be really interested in watching.
32:44
[SPEAKER_02]: Yeah, I think it's, I think it's a super interesting story and if you're a big eats supporter, you definitely will be, you know, keeping eyes on this news.
32:54
[SPEAKER_00]: Again, I think it's bit mine, you know, the black rocks of the world and then those big exchanges will be interesting to see, you know, how they work with the Ethereum Foundation as they're obviously continuing to build.
33:05
[SPEAKER_00]: But remember, we covered that on the show is,
33:07
[SPEAKER_00]: You know, the Ethereum Foundation, as they were selling, said, hey, it's a new era of eat.
33:11
[SPEAKER_00]: And we don't want to be, you know, it's bag holders was basically the summary of it.
33:16
[SPEAKER_00]: And we want, you know, this new era of Ethereum holders to help shape the future of it.
33:22
[SPEAKER_00]: So.
33:23
[SPEAKER_00]: I'm exciting stuff and, you know, Ethereum, the price, the price action doesn't lie.
33:28
[SPEAKER_00]: I mean, that one month is pretty impressive, like 36% right now, but there's a lot of other a lot of other movers as well, which one would you like to talk about, Brian?
33:41
[SPEAKER_02]: Ah, that's a good question.
33:43
[SPEAKER_02]: Well, I put a couple on the list there that, you know, well, VVV or Venice had a really nice move recently.
33:50
[SPEAKER_02]: And there was like, you know, around privacy and chat bots.
33:53
[SPEAKER_02]: And I'm not good boy, we want the story, but there was this mathematician who was kind of claiming that some of his stuff wasn't kept private on open AI.
34:01
[SPEAKER_02]: And it caused Venice, which is essentially a private,
34:07
[SPEAKER_02]: server chatbot or chat to be teach we should say which it just absolutely searched this week I mean, I think it hit an all-time high did it touch 20 you at the chart of the $29 or something So the reason I wanted to bring this up is I'm a big fan of Venice It's bought it's run by Eric Voorhees who I think's a very sharp individual and I do believe like with all these chat bots and How everyone to call with all this censored
34:35
[SPEAKER_02]: Um, they are centralized data.
34:37
[SPEAKER_02]: I should say in chat to PT or Gemini or Grok or every using there is a place here for Venice and what they're doing and there's a unique fly here will with the Venice token, but it absolutely ripped.
34:49
[SPEAKER_02]: It's been one that we've talked about and I think all of our communities in some form or fashion.
34:53
[SPEAKER_02]: So I have a bag of it as well for disclosure.
34:57
[SPEAKER_02]: So, I, you know, my bi-lops that are lobster and state tonight, who knows a little bit on the Venice token.
35:04
[SPEAKER_00]: Yeah, I love that.
35:05
[SPEAKER_00]: What would be, you know, we had a billion market cap here, so definitely not, you know, a low cap considered that any more, but all the more reason to get involved in the community because I know it's something that we have talked about this for a long time and we have Austin Barack on the pod next week.
35:19
[SPEAKER_00]: We just recorded that this week.
35:20
[SPEAKER_00]: He's a big believer in the thesis of Venice as well.
35:23
[SPEAKER_00]: So love a lot of a lot of noise around this one right now.
35:27
[SPEAKER_00]: What else would we need a Z as he cash update as well?
35:30
[SPEAKER_02]: Yeah.
35:31
[SPEAKER_02]: Let's talk about good old Z-Cash.
35:33
[SPEAKER_02]: It's probably one of the most interesting, you know, big cap stories of the week.
35:38
[SPEAKER_02]: You know, we have great, we all know about Grayscale Spot Z-Cash.
35:43
[SPEAKER_02]: It's taken in a hundred and millions over the past couple weeks.
35:48
[SPEAKER_02]: and it ripped on the ETF and in another short squeeze.
35:51
[SPEAKER_02]: I think about 30% I might supply shielded.
35:57
[SPEAKER_02]: So there's a lot of interesting stories here, but you can see Z-Cash, which was absolutely getting crushed for their orchard.
36:07
[SPEAKER_02]: exploit a few months ago what only three months ago has responded and I think this is an all-time high is that it's all time high in their Tvo and did it get higher a long time like it's about a little off one a little 1270 maybe all year so it's it's it's dipping its toes in all time high waters there and I'm just a big fan of it I know we talk a lot bit on the rundown so I certainly wanted to put on our sheet today because I know a lot of people in our community own it as well
36:36
[SPEAKER_02]: it rebounded very nicely from that exploit, and now it's cruising at all time highs.
36:42
[SPEAKER_02]: And it's just cooking, what can I say, and I think there's a, I think it can keep going to.
36:49
[SPEAKER_00]: Yeah, and then there's, again, the community that continues to build around this, like a Z cat, and stuff that you've been aware of.
36:56
[SPEAKER_02]: Oh yeah, Z-Cat.
36:58
[SPEAKER_02]: So, okay, we'll talk a little bit about Z-Cat as well.
37:01
[SPEAKER_02]: So, Z-Cat is the cat on Solana paired against Z-Cash.
37:07
[SPEAKER_02]: So, it was made on this launch pad of stonk.
37:09
[SPEAKER_02]: So, we're talking about how stonk is the, is the launch pad where you create these?
37:14
[SPEAKER_02]: Well, Z-Cat's like the number one on there, at least it was.
37:17
[SPEAKER_02]: Every transfer takes 3% and the money buys Z-Cash
37:22
[SPEAKER_02]: four holders.
37:24
[SPEAKER_02]: They've already sent out over 2000 Zique out there.
37:28
[SPEAKER_02]: So the network not only creates about 1500 a day when this thing is trading, the tax can buy more coins than actual miners can produce.
37:39
[SPEAKER_02]: That's why I wanted to talk about it.
37:41
[SPEAKER_02]: It's not a treasury.
37:42
[SPEAKER_02]: It's a volume machine pointing at Z-cash in the chart to absolutely ridiculous.
37:49
[SPEAKER_02]: If did I put it on the sheet here if you want
37:52
[SPEAKER_02]: this ZCAT chart, um, absolutely ridiculous chart right now.
37:58
[SPEAKER_02]: And the cat stays anonymous is, uh, it's tagline.
38:03
[SPEAKER_02]: And it's paired with ZCAT.
38:04
[SPEAKER_02]: It's kind of the number one player on the stone platform.
38:07
[SPEAKER_02]: What close to a hundred million dollar market cap.
38:10
[SPEAKER_02]: And again, another token, where if you, if you want to get involved in some of these pairings, your big fan of ZCAT,
38:23
[SPEAKER_02]: I mean, I guess what you want to call microcap is under a hundred million, but I see a path here where we could be talking if this meta continues to stay going It's the a path here where this this could be higher
38:36
[SPEAKER_00]: Yeah, there's a lot going on.
38:37
[SPEAKER_00]: Again, you're in the right place listening to this, you know, whether you're in Brian's community momentum, money makers, crimp nation, just want to dip your toes in and grab that number one coin report, check the link below.
38:48
[SPEAKER_00]: Now's the time.
38:49
[SPEAKER_00]: You want the research.
38:50
[SPEAKER_00]: You want the education.
38:51
[SPEAKER_00]: You're in the right place with crimp to 101.
38:52
[SPEAKER_00]: We really appreciate everybody tuning in on a Friday.
38:55
[SPEAKER_00]: So much to cover.
38:56
[SPEAKER_00]: Those 40 minutes action, Brian.
38:58
[SPEAKER_00]: I really appreciate you being here with us.
39:01
[SPEAKER_00]: We'll be back next week.
39:02
[SPEAKER_00]: We got a bunch of great interviews.
39:03
[SPEAKER_00]: Again, you want to look out for that Venice interview.
39:05
[SPEAKER_00]: Venice tickled your fancy with Austin Baroque.
39:07
[SPEAKER_00]: We're going to do a couple run downs next week.
39:09
[SPEAKER_00]: We'll get back to the two weeks schedule.
39:12
[SPEAKER_00]: But that's all for now.
39:12
[SPEAKER_00]: We hope you enjoy your weekend.
39:15
[SPEAKER_00]: And be safe out there.
39:16
[SPEAKER_00]: Keep trading.
39:17
[SPEAKER_00]: A lot of momentum.
39:18
[SPEAKER_00]: Keep your eye on the CPI.
39:21
[SPEAKER_00]: We'll be back with a fed rate decision.
39:22
[SPEAKER_00]: We'll talk about that one, Brian.
39:23
[SPEAKER_00]: Next week.
39:24
[SPEAKER_00]: But that's all for now.
39:24
[SPEAKER_00]: Enjoy the weekend.