Markets, $NEAR Exploit, MetaMask Incident and $HYPE Leading

0:00Your call has been forwarded to an automatic voice message system. A missed call doesn't feel like anything. No red flag, no notification screaming at you, it just disappears into your call log. And nine times out of ten, that was someone ready to hand you money. That's why today's episode is brought to you by Quo, spelled Q-U-O. The business phone system built so you never miss a call. Here's what I like about it. All your calls, texts, and voice mails live in one place, so anyone on your team can pick up a conversation, see the full history, and respond fast. No more, wait, who talked to this customer last? And if you're worried about after hours leads slipping through, Quo's optional built-in AI agent can answer questions and even book appointments while your team's offline. It's the number one rated business phone system on G2, and over 90,000 businesses already trust it to stay reachable. Money is on the line. Always say hello with Quo. Try Quo for free, plus get 20% off your first six months when you go to Quo.com-tek.

1:01That's Q-U-O.com-tek. Yo, what up, what up, good morning, good morning, GMGM.

2:06Thursday, woo, wonderful Thursday. October 1st, 2020, six, look at that. Another beautiful day to have a beautiful day. Another beautiful month to have a beautiful month. And another beautiful quarter to have a beautiful quarter. Wow, try Fecta. Look at that. I got my co-host in the house. It's a higher, good morning. Happy Q4 to those of Salad. Thank you. Not the open to Q4 that we wanted. It appears we are in downtober. We're nine hours in to downtober. The whole board is just red, nasty, nasty, deep red. And it's going to continue like this for the next 31 days, until down, then burn, down, simmer. Unless we can turn it around. So maybe we can turn it around on today's show. Oh my. Yeah, it's another greatest news day within crypto between near and metamass. But you know what? I hope you enjoy the bear market of October 1st from like 8 AM

3:09to probably like 2 PM. Because I think it's going to be a hell of a month. And I hope I'm right. I hope I'm right. It was a big September. We should probably, we should probably go back on that because we talked about September 1st where everybody was like, September is going to be read historically. But looks like the quarter is ended up pretty well. So we'll go through the markets. We'll go through the quarter. They can't all close is the few of them just closed. All of them saying. And then we'll talk near intense because we talk here near lots. So we may as well discuss what happened. Metamask, little incident overnight. Robinhood Summit day two, our boy Andy from the roll up. Congratulations to him on the Vlad interview. Was was great one actually. I really like when there's short and sweet like that. We got more ads by the way. Have you seen that? Do you think in privacy and pop in 30%. The whole CT was around 2021. I've got a seat check in there, including your boy. So please God, be the one that saves the quarter million dollars. I lost in the rest of the seat checks I made.

4:09That we'll talk hype and everything because it was some news on that. So there's no no slow news day recently. Um, that's for sure no lack of news to talk about. And this show as usual is powered by ones only pop the front. Get paid the trade with no fees on the pump fund app. Trade like a pro on terminal or launch your own coin in seconds. Trade internet trends only on pump fund. Let's go. For the NFT and crypto analysis. Tality on FOMO, our calls the kids can't make it. Great to bash the pairs. Yeah, folks, crypto majors slightly read, but kind of hanging out in the range they've been in. So we've got Bitcoin down 1% 83, 7, 7, we've got 8 down saying 2690. Feels like it's just kind of riding this 2670 to 2700 range every day now. Salona down 3%, 117, 50 just below that 120 level. Zeke down 6%, 1390. High bleed in the way. Up 3%, 89.

5:11Not really any big odd numbers. High is basically the top all on the board. Up 3%, Ava is up 2%, you know, swap up one. So that is about it. Looking at broader markets looks like stocks have flipped red now as well. Dows down 0.1% NASDAQ down 0.1. Ten year just keeps going up. It's up another three bits. Five, three, three now oil. Flat 91 gold was green this morning. Retracing a little bit. Gold's up at 0.1% 41 94. We had micron do earnings last night. They beat and had strong guidance and stocks don't went down. So perhaps signs of exhaustion in the AI and chip chart here. From the future could be good for crypto. We will see on the crypto front. Let's see how it's breaking news out of near near intense was exploited. For 3.8 million, it looks like they found the issue. They fixed it already and users are going to be refund. So perfect quick action from the team. On the same note, Metamass staking a pull all their Ethereum Validators out of Lido.

6:16After some break into their infrastructure, I think details are still coming out on this one. Their exits will finish by October 7th. But they rest assured that Metamass walls are safe and the Ethereum itself and the Ether is safe as well. It's still not what you want to see. I want the biggest players in the space. City Bank on the positive note, they raised their interviewer Bitcoin target to 113,000. How about that? In ETH to 3,028, they cite ETF flows, debt buybacks, and SEC rule changes as the update to their bull case. So city is raising their targets. The CFTC, two headlines here, they sent the White House two rules that would redefine swaps around a bit contracts, kind of locking their authority over prediction markets as some of these states continue to sue. And then the CFCC is also investigating Adam Kinziger over Cowshee trades and whether he'd get a presidential partner or not. Adam made himself. So that was interesting. Open standard launched their stablecoin OUSD, biggest payments partners out there,

7:18Visa, Stratman, Card Coinbase. It's live on tempo. Let's see, in Lloyd's Bank, they are now doing a settlement pilot with Visa. $750,000. Not a huge one. On the inflow's outflows, it was outflows. They're saying 149 million outflows, the 20TF's broken 9-day inflow streak. He had 60 million outflows as well. On the token, and dropping protocol front, shout out to D-Crips, becoming the information exchange. We're going to pair it's reporting with markets on Salana. So readers can trade on the story without leaving it. Mary had token ties it all together. I'm sure we'll talk about it more. Salana's monthly app revenue hit 9-month high. $180 million in September, and that leads all blockchains. So shout out to Salana. Pump, let onchain protocols from revenue. Once again, $2.39 million hyperliquid next 1.25 stonk, 1.17, neck and neck with hyperliquid. And then Monad, he's the privacy update, coming as a new potential protocol offering. Monad, getting into privacy. Rounding this out, mean leaders are red. Robinhood chain leaders mostly read besides Orbea, which jumped 60% to 120 million

8:22parts night. Salana did have some green on the board. The super intelligence up 500% e-celerate was up. This microcat was up. And this new backpack token was the top run up 50x. And then on the NFT front, zombie crypto punk, $875,000 sale. I believe that's the biggest crypto punk sale since August 2025. Love to see it. And that is our run down. Wow. Big run down. Markets, probably just being markets, right? Let's have a look at that. I think it's a forky Bitcoin. Thank you. The crypto strength is either timing, it's about to no, or it's about to go up. It's so volatile. I mean, it's swinging. It was $835, like two minutes ago. It's a tight-ass range. Yeah. It's just the same. I don't see any difference from what we've seen here, by the way. So that's why I'm also still remaining bullish. I'm just seeing like accumulation above.

9:23I'm seeing accumulation above support into the end of the month. Now, you know, let's say the beginning of the month opens, but it's really hard for me to think we're out of this trend. Bull trend. So we'll have to wait a little bit. What were the inflows like yesterday? It's have a look minus $148 million. Come on. But that could be a ball, but it's not the end of the world. Right. It could be bought back up quite quickly. I'm assuming Ethereum was was negative as well. Minus $59 million. So that's also similar, but charts the same as well. Like you're just looking into two more. I mean, there's nothing different. Is this, look at this range tie. It's tied especially on the eith. It's just like super tight. Eith is, look at the dailies. No, the dailies are in funnier. Look at these wicks. I mean, zoom in so you guys can really see that. Look, what is this? See that? It's been flat. One, two, three, four, five, six, seven, eight days of flat.

10:24Hope you don't like volatility. Yeah. Yeah. So there's that. And then Solano was down a little bit. It was only stronger. I liked it. The story there, but it's a little less good than the rest, but it's not too bad. Right. Maybe we see another dip towards 110 to 13 mark. That's personally what I wouldn't be surprised to see, but it'll be quick. And you won't have too much time to buy probably. So that's really it measures wise. We can go down. Before we do that, I mean, I think a couple things. So our female quant is back. So we can talk about her. She just sent you. Yes, sir. Let me go on our page. There you go. This one, right? Yeah. So I had to use Claude to interpret that language. So you just called to. Because I don't speak the language that our female quant speaks unfortunately. Says monthly FBG. So I think this is like the gap that has formed since the last close. And

11:24she's basically saying it's bullish as long as we're above that level. I think her levels like 76. So she's saying this is long as we're above 76. We're in the clear and she expects us to basically go in the X's, which is like 105. So she's got some pretty high targets up there. Yeah, she's in the one way in the region. So those are fibs. And if we lose if we lose 76, she thinks we have shots like we're to go to. Yeah, I think at 76 loss will be terrible for the market. I, I'm so I don't know. I think obviously like this, this rates market headlines keep pushing us down every night. Like it was the same thing back to back days where markets looking good in the rates markets. We get the headline that it's higher ever like all time high that you push down. But it's time for that. Like it's really it. I would love to see on the campaign. Corn. Me too. City bank things were going to see it soon. Q4. So how about that?

12:29Yeah, I would love that. And if you look at the quarterly, I mean, if you want. So this is what I liked about LA time, heavy, we showed it, right? She's pretty objective. She reads the charts and like she's been had more but bearish lean for a proper trader now chunk of the year. But like this is objectively a bullish post. Yeah, yeah, as long as we hold above this level. So and she explains it, right? Like I know it's in like code, but it's it's it's it's explained, right? And if you look at the quarterly, like you just brought up, but let's have a look. It's pretty month. I mean, this is beautiful looking chart. It's a monster quarter. I think it was a 23 K candle and it closes at 83 five. We need to close at 83 six for the best September ever. So we missed the best September. Wow, we almost got it. You know, you know, the market makers are are having fun with this stuff. But cities call, I mean, 113 K would be a 30 K quarter. Yeah, you could see an even bigger green candle. That would be something to see. I mean, look at that

13:30chart. That's a nice. How how bearish. Yeah, I'm James S. But like how how bearish can you be? But what's funny is that if you wouldn't when you zoom out of this like 76 is not even crazy to call. I'm not saying it's going there. I don't believe it's going. I'm not leaning that way. I'm a position that way, but it's not even insane. When we had back to back bit candles like that, it was maybe like this one here. It was yeah, so people compare it to that. But that's literally Q4. That's it. That's it. Q4 and Q1 of 2021. So Q4 2020. So if you compare it to that, then you're set here for having another big quarter. I would like that. I would like that a lot. I think you got two green quarters in the row, like three total. So I think that's where we're headed. We had four here. I think we're going to get a third like Q Q3 and Q1. Q4 and Q1. I'm going to go with what?

14:31We'll see. Market selling in that bad from my perspective. What are the top losers and gainers today? Let's have a look. Actually, I haven't looked at that. Not many winners. No, not many winners. A couple of days. I mean, this is hyper liquid. We can get into that in a second, but the stable coins are the only coins that are out. You don't like to see that. And that's so funny. Die. USD go. PYUSC. USD CRL. USD. USD T USD E. BFUSD. USD T. GT. USD C. It's all the usual suspect. Stable coins that have been out. But quickly I can't want to look at the East Quarterly hold on. Stuff to the other quarteries because they're so young. It's over coins, but let's have a look at that one. It could be a funny one. Let's see. Okay. It's not looking bad either. Not bad. It's a little different than Bitcoin's. But not as bad as not as good as Bitcoin. But I mean, are we going to just range to 4k

15:35that the rest of the eat life at this stage? Sure. I sure hope not. Our big with neck doesn't think so. He thinks this is the East cycle. We're back. I am on my camp as well, but I've tried to take the East trade multiple times and I keep getting. I'm done raising someone else's child over here. Here's a quarterly on sole. It's kind of similar to East. You kind of want to push up. See, that's a big level. I'm seeing that message you got on there. I mean, I think that's, I wouldn't say consensus, but I feel like a lot of, even people who are started like cautiously bullish still kind of feel that. I think it's a little bit of bear market, PTSD. Also, I mean, the 4-year cycle math is October 5th. So we're 5 days away. And of course, we're 5 days away. And now there's this Metamass security incident. I was in a group chat and messages started going around yesterday and they're like, North Korea is into consensus, exit all positions. So I'm like, what? So the first thing I do is

16:39check the price of ETH and ETH is flat. So I'm like, okay, it can't be that bad. And then like last night Andy, and I like Andy a lot, I think his posts were like borderline fun. It was a scary little tweet, Andy. You got to go to the homey. We get a scary little tweet. I agree. So the what is happening tweets is not helping anyone, which I actually do appreciate how Metamass, they had pretty calm and controlled tweets. And then I looked at some of the security, like the on-chain security sluice like Tay and Tay was busy chirping somebody from Coinbase. So I knew it could be serious. She wasn't happy, but at the same time, she wasn't like raising alarm bells. So I took that plus the price of ETH is somewhat calming my nerves. That's not going to be a hopefully not a terrible export. That was the right thing to do, right? I looked into it this morning and I was like, okay, there's nothing going on. False alarm. Looks like there's some issues on the validators. But let's go there in a minute. Just to know

17:40you were asking what consensus. So on-set, I think is a good, gougier. 10,000 voters. 11,000 are thinking. We're leaning 100k. Q4 versus 60k. But I guess you didn't ask which one's first. Because that does change it. Because a lot of people saying dip first and pump. We could ask. We could ask the hard questions if you want. But we could we could ask the hard questions. So it would be, what do you think happens next? Dip then pump. Keep pumping. Right? I think that's the right question. Let's put that out there. Get to the x. Retweet the show y'all. Let's get some, let's get some, let's get some of that. Some of those polls going. I'm curious. We'll see. We can go to Mademois if you want. So it turns out it was the issue with the validator,

18:41validator, right? Yeah. So yesterday, Mademois has responded to a security incident, affecting part of the systems. It starts shutting down their Ethereum validators, run by the staking business on Lido. They're calling it infrastructure compromise. So if you're on where validators, computers, the process, each transactions, they're in rewards for doing it. It's a big part of Mademois consensus business. They run them direct for their clients as well as for themselves. So Mademois is exiting their effective validators and they will be exiting between now and October 7th. They said that while users are fine, no action needed for Mademois quality users. So that's sign of relief. Mademois doesn't even hold the keys to withdraw all the client sticks. The money is not directly reachable. So again, the money is also safe. That's not, is I'm interpreting this. That ETH will take up to 45 days to come back. So this will impact their staking business. So like consensus, the business is going to take a hit here because that staking revenue that

19:46they earn is now going to effectively be lost while they're pulling these validators offline until they can get them back online. So that that can take 45 days. So there'll be some lost revenue there. But overall, it does not seem like a security incident that's hopefully going to permeate through the broader EV and ECO. It does seem like this is all traced back to some block rewards that went into an address that pushed most of them through tornado cash. So I think this is what raised the alarm bells. And I was like, when this was all happening, I was searching Twitter for like Metamask hack and it looked like they had hired a contractor who was from North Korea back in like July. And then they figured it out and released the person. So I don't know if it was tied to that or exactly where this all came from, but I saw that piece of the story, which perhaps is related, perhaps is not. We'll see if we get more details about exactly what's

20:46going on as this is resolved. I was a little uneasy last night as this was all planned out. I mean, I think anyone who saw it in real time would also have been a little uneasy. But again, I was looking at the price and the market as it is my indicator of how serious this was. And you showed the ETH chart. It's flat. It's a stable coin right now. It's a little stable coin, yeah. So people are not set panic selling their eath. I mean, it's sort of been, it's worth it, like 10% it's not bad. Yeah. So, so there's that. Okay. And then this morning, unfortunately, we got another one. I mean, thankfully it's already patched, but go ahead. Yeah. So near intense, I'm driving my kids to school. Not the post I want to see when I'm driving a car. Near intense security incident detected. Bug in the army deposit. You can read it all here. They think they lost about $3.8

21:47million. They've got the funds to compensate those folks. So users will be made whole. The more important part is that the vulnerability has been identified and has been patched. And they patched it within, I mean, we think it within like an hour. So our friend Darren, long time listener, Quant thought they don't unaccount. He's calling it a bullish exploit. So I thought that was an interesting take on this. So like the spectrum of exploits here, you know, we had Zcash go through like this AI audit process to find potential exploit vectors. They found one. They made it public. They're token sold off, but then they fixed it. I still think that's like the best case. And then I think this is probably second best. There's an exploit. The damage is minimalized. You can compensate your users and then you fix it rapidly. So I mean, I think that's it for an exploit. This is about as good as it can be. I'm saying like, it's done. You know, the headlines are not great. But if you look at the headline and then the chart, because obviously my first reaction is like telling everybody's like,

22:50yo, y'all are long near because I know some of the people around their long near. Just know this, right? Not thought. You got to know this, right? First of all, the quarterly looks fucking amazing. It's where stuck on quarterly here. It looks great. Love that. But second of all, let's go back to daily. That's about as much as dip as you got. But for what it's worth, I don't think it did because of that. It did because it was too for dip. Like this thing has been heavy. It's kind of like the lit price action the other day. Like I know people would think like, oh, it did 35% because of that. I actually don't think so. I think it was looking really heavy and was due for correction to 30% correction. Yes, the flat thing accelerated 30% correction, which is great because now you're you're the leverage gone. But for being these little things, maybe accelerate those. Am I longing here at 490 personally? I'm not. I would love to get a little lower. But I think if you're spot like you can't you can't get hurt if you're following it 550. Those coins have a lot of volatility in them right now. I think and when they drive like this, it's 10 to chop a little bit before

23:54a next leg up. But the goal remains eight bucks, right? And then 160, 58, whatever. And then 800 bucks like near like a bit way said. Yeah, I mean, you see you got the RSI down below there. I mean, daily RSI is like off the charts. It's still very high. It barely reset it, brother. It went back down 65. So I would be looking. You're long, right? So I will disclose. I put a cheeky long on after the bug got resolved, thinking like, okay, maybe we just rip back up to the to the zone. But now like thinking about this, I don't know. I might just. But the market that's weak. It's not near, right? I have a dream that I bought near at $4. Well, I did multiple times, but I would love to have it again. Yeah, that would be nice. That looks like it's going to go back down. I think asking for anything Lord and four is greed. And I think that you should probably buy some. Let's see. It's

24:54tough to chart something that's up a gazillion, right? Yeah. It's five 40s is really where it's been. You're down you're only down 10% from a megapomp. Four 50. Yeah, $4 could be greedy. I'm asking for 25% but that would mean to pull back across the market. Yeah, I don't know. I'm not, I don't get greedy with near person speaking anymore. You know, it's so nice looking dude. What about the weekly? It's so good. It looks so damn good. Yeah, I don't think you're getting four bucks to take it back. And the fundamentals have been good where volumes are up. We'll see if there's like a hit to their fundamentals coming out of this. I don't know if they're. I mean, Zeeck is also a little weak. Zeeck is a very weak. That's normal, I feel. So's BBB. So that's kind of near to closest like allies for black with a better word. So I can see them kind of trading together a little bit. What a quarter for Zeeck. I hadn't seen this yet. Oh man. Zeeck personally, I'm in the camp of the 1200s.

26:01Here. I'm thinking of retests around here and I'm thinking of shove here. So I'm thinking. The way I'm thinking about Zeeck personally, I'm not in Zeeck at the moment. I'm thinking here and pray, greed, puke, everything for being able to buy it here. And if you want to get a real greedy B here in the 800s. But that's like greed to the max. Like I'm selling some coins. I'm going all in. You know. So what does that mean for Zeeck at? And this. Father Zeeck goes up Zeeck goes down Zeeck goes down. Zeeck goes down. Maybe they did a full up. I need you to get out of this bag. I want to properly fuddy. Yeah. I mean, I don't like fudding coins. My friends are in the price action is enough to to follow. It's funny itself. I got a boner pick with boner again. I'm kidding. I'm not going

27:06there again. We're getting clip. But so that's what I'm thinking about for Zeeck. I'm thinking, but also it's like, dude, it's normal. Like look at the legal one guy. It took 25 million off. People are thinking, dude, like GG's, you know, like how much more can y'all ask for here? Right? Like you we showed you all the quarter, right? Look at this time. You know, you know, this is a this is a fucking 300% quarter with size, you know, 400 to 1600. Can I ask for better than that? Interestingly, our one of our quants, Ubi is just posted his Zeeckash chart. Oh, what is this? I think his line is here. Pretty so much yours. Yeah. I think is one of his lines. Like you protect here or you go lower, right? Let me see. He's got like 13 30s. There you go. We're the same spot. We're lit at the same spot. There you go. 12. Yeah. I'm just always a little greedy. So pay attention to that. Like always a few points above me. But see, he doesn't have it going much higher. Like I don't think it's going

28:10to go to $2,000 right away. Right? I know. I know. I know we're really bullish on it. Made sense at the time, but it's heavy. I've been reading about this three drives up thing. Like a lot of people talk about it. You've seen that too. And it worked on VV like one drive, two drive, three drives. How many drives you're fucking one? You know, at some point it's going to give back. What what are the three drives? So show them to me. So one, oh, sorry, I thought I was sharing. So one, so that was a drive from five to eight. Yeah, yeah, I see. Eight to 12, 12 to 16. Okay. So normally after three drives up, you do get a little bit of a cooldown. Interesting. Which is Zika's a perfect coin encompassing. I think my chrona running. That was a kind of my calling yesterday. And it just dipped. But if you look at M U, my car, which is not in crypto corner, no, but so one drive, two drive, three drive. Yeah. 123. It has to be a good rule. I picked that rule up from insomniac. I thought that was an interesting one. And that's how I decided to cut

29:14my Z because I was in Zik. And that's how I decided to not enter it again fast. So I'm going to pull it up for you guys. Um, uh, drive. I forgot where it was, but you're saying what three drives, et cetera. And he was talking about Z cash. Anyways. Yeah. And I thought that was kind of right to look at that. Plus like you're looking at this. Like, why would you hold the coin? So the man that went out together, he was chatting about this stuff. It's like, we both hit the pump trade. Like that big candle. You saw it there from like 50 to 60. And I stayed in. Fortunately, unfortunately, because I'm like, I have to hold it back. But like, he got out. It's like, you get these massive pumps on these coins. Just move on to the next one. And then you can always circle back. There's no point right now in my calling these all too long. Like community member and I'm being funding and having cash that's not being put to work, right? Like BP here. You see that pump back up? You should pull it up. Yeah, I think you just got to decide like,

30:17are you holding bags for the cycle or are you going to just, you know, try to hit drives? Look at that. Perfect. There's a three drive right there. One, two, three, retest, bang. Yeah. And the retest was 30%. It's perfect. Dread was 0.9. One dollar hit, front-run it, bought, you know. So it's an interest. It's a rule I've been trying to trade on TVD if it's going to work. Lads, but it's not bad right now, right? So that's not the main coins, dude. Unless there's any other coins that you think that we can talk hype that much. Oh, I'm sorry. That's the news. Go ahead. So hype had it has a huge monthly team on lot coming. And then the news yesterday is effectively they sold it all over the counter to an institutional partner. So that those tokens are not going to hit the float effectively. It's the takeaway or how

31:22people are interpreting it as 320 million dollars. So this is a big one. The rumors are ice. Not the one deporting people. The exchange, the parent of the New York. Because they were saying that it's going to flip NASDAQ remembered. And I think this is arguably the most bullish thing I've ever heard done from a team in crypto. Like this is incredible. They haven't taken their online shows already bullish. And now they have 300 million divided by 12 employees, like 26 M.E. Which I know some people have more. But you know, Jeff's far be not make like a 70 million dollar payday without destroying his project. I mean, I'm congrats, man. You know what I mean? Like this is incredible. It's the serve is well done. And you've got to believe that an institution is locked, by the way. We're going to find out. This is always come up. You got to believe that the institution is locked for the near term, the long term. And the market, I mean, the markets week now is down, but the market reacted extremely positively on that. With the jump from 80 450 all the way back to

32:26$92. So that was at 8% bump of that. Yeah, big move. Market like that. I mean, we're kind of giving a little bit back here this morning. But yeah, spells bolsters again. It's for an unlock. I'd say. Yeah. Very bullish. Also, you don't know who it is. But when we know who it is, like you may get a second drive back, because they'll be the very bullish product. If it's ice, it's a very bullish partner. These are partners that are in for 20 years, 50 years. These are not partners. If the ice guy, the president, it was a CEO, I forget it was telling you their intercontinental exchange. If they're telling you like, yo, they're just going to flip NASDAQ and we're buying $300 million worth. They're not selling it in 12 months. I would think not. I hope not. But I'm very bullish, sure. I think this is really, this is a big deal. It looks like it's ready for your third drive. So the, where does the third drive go? Is the question 120? Smash through 100. I mean, I want the one. We want the 140 big, but I have to be honest, I'll be chipping off

33:29110s to 120, right? It's good enough, right? Because 50% to 60% jump from here is aggressive. I mean, you'd need Bitcoin to go with it, right? But I think 120 could be interesting. 30% from where we are. But it would mean like about 20, yes, 22% from all time, I think fair. So please give me third drive. I would love that. So there's that. In that corner of the market, tie, shall we go? Robin Hood summit. I feel like it went out with the whimper. I didn't even see that. I was hyped for nothing. Yeah. Out of yesterday. There was a cohort who was kind of churping like CT like, oh, you guys didn't think any big announcements come on day two. Like you guys already packed them up and then no announcements came out. I don't even know what happened on on day two. I mean, either. There was zero coverage, zero announcements.

34:32So I'm just assuming it was nothing is my takeaway. And now we are left with the aftermath of what is next for Robin Hood chain. And I think there's a lot of open questions on what it is next. I mean, they had this big summit and the chain didn't really get mentioned at all. We had one cryptic tweet about ponds, which I think is probably going to be enough to keep people in the pond straight. And ponds is outperforming other leaders. It's down 1% 365. Cash cat has reflipped AI. AI is down 22%. One from the way down. That one hit that one's gotten hit the hardest. But also that one had had. Oh, actually, yeah, it really hadn't had any corrections since the run to 300. But it corrected now. And the long eco, like if you look at it from like, infrastructure play, like what have been the good new long coins? There aren't any. I feel like they're not getting the daily churn that like a stonk gets at least on the revenue.

35:35What did you say about boner? You want to do? Wow. Yeah, it's breaking down that you don't want that by the way, boner holders. That 40 mark has been very strong here. That floor 40 mil. You don't want that. What do you want? I'm not. Yeah, what are you supposed to do with a jar like this? I've like never seen this before in my life. I've seen like thousands of meme coin charts. What is this? I don't know, bro. They should probably link the website to Home Depot's rope section. It's a joke. But I've had plenty of my own rope trades. So like, yeah, got boner guys don't take it personally. I got a lot of my coins do this too. We, Tyler and I round trip for living. It's not looking good. I mean, let's go to the long website. It's just not looking good. I'm sorry. Like it's not looking good. Is it here? Is that the website? Yeah. Yeah. And you can go to like, got them. We're going to see the coins. A home page search. I think actually search you can scroll through them. Got it. And they'll start

36:36populating here. I mean, the website case is still that like these are going to take time. Communities are going to form around the leaders right. So zoom out a little bit. But but communities don't form in this in this market. Yeah, it's a little bit different. So it's in trouble. So I have to be questioning about working by the way. I can't look to get that. That's not great either. Curious what the next narrative is for Abana, Jay. Now I think I'm positioned for it to be an Orbeo AI season. So so that's been something. It's pulled back now. Orbeo went to 120 last night. Dude, that I was looking at that this morning. That is the kind of candle we were expecting on that Robin Hadoeco. And this is just based on their own team announcements. This has nothing to do with Robin. Nothing. So yesterday they announced private compute. Let me try to find the announcement here.

37:41Yeah, they introduced Orbeo in Cognito. Agents can now make end-to-end encrypted inference requests through Orbeo powered by a FALO network, confidential GPU infrastructure. This is comes a couple days after their agentic launch pad is now live. So now they are a launch pad. I don't know if you'll see this, but like they are agentic tokens launching and projects launching now on top of Orbeo. And they're all paired with Orbeo. So it's very, very similar now to virtuals. Part of the reason virtuals pumped was because all of the virtuals project tokens were paired with virtuals. And then virtuals of course ran up to 1 billion and then 4 billion and a lot of its ecosystems ran. Part of that was because like AIXPT was a breakout winner. So I think for Orbeo to do that, you probably are going to need like a breakout product or two. Like that. I don't know if those products are here yet. There are half a dozen tokens that are above 100K. It's still early. It's hard enough. Any of those are winners. Like I am personally

38:43making some bets on those. Just kind of playing the board a little bit. They're low enough. I don't really want to talk about them on the show just yet. But Orbeo has a lot cooking and it kind of feels like not a virtuals copycat but like the next generation where there's a little bit more substance. And it's a broader project that they're putting these pieces into place for your for compute, for inference and actually building a genetic infrastructure for AI to transact on chain. And we know Robinhood is leaning into that because they had their AI trading component was one of their key hallmarks from their announcement on Tuesday night. So Orbeo is in a good position. The token. And it wasn't going to be the token. Of course, who knows. And it's up quite a bit. But one bright spot in what is a tougher chain board this morning. We'll take it. We'll take it. We shall definitely take it. I don't know. I think

39:44look, it's this went along as a chair. Well, there's a chain. It's not for you. That's the zoom out pool case, right? It's something. It's we're still early. We're still very, very early. Like, you know, I don't know. I ice, you know, I think people just launch pet volumes like I'm looking at some of the dashboards now. They are leveling off. So they're not just down only. So it looks like like launch pet volumes are kind of catching up a floor here right around 370 million ponds is still the market share. They've got like 60%. So ponds still the top dog. So I think you don't want to pay attention to that and see what's what's driving the volume. What if there are like a new wave of trends, it's going to catch an next potential leg up. But I think if people were going to bet on the board right now, you've got orbio, which is kind of its own thing. Ponds feels like the easiest. It's like, I want to I want to bet on Robin Chen chain. I'm just going to bet on ponds.

40:46And I got friends and trainers who are doing that. I feel like that's kind of part of obi stasis, right? Like kind of reading between the lines. Like, if you think our Robin Chen comes back to spend on ponds. So I get that. And then cash cash is your meme bet. So I feel like those are the three. I'm not talking shit about AI. It's just like, not but that long deconies to figure itself out. And it was obvious that Si was going to hurt AI. I think we call that. Cash cat is not looking good either. Like cash cat could easily go back to 120 millimeter. This is where it is. There's one line I'm missing. But it's the 120-ish that's been held before. So look, you do have Singapore. And I think Robin was going to be on stage. So we need the boots on the ground. What is Asia want to buy? I got you. You know what I'm going to do? You know what I'm going to do, Tyler? I'm going to go get us the answer. Because I'm going to Singapore. I'm on the afternoon. I have a lot of meetings. I have a lot of work. And

41:48and I'm going to go figure it to fuck out. We're team Solana, which we'll get to in a minute. But we still have Robinhood. So of course, I'll get you your answer. I'll try to get you your answer with that. I'll do one of those Andy things. I'll pull up with the microphone. So, Johan, what do you think of Ponds? Straight up. Because he can ask that to Vlad. I know you know that Vlad and he had to be careful with his asking, right? I've been there. I've been in shoes. He probably had very limited amount of questions. It was a lot to ask to fly. What do you think of cash cat? It's going to five billion. Okay, got it. Okay. Now one of those. We're going to get him like that. Okay, so there's that. What else? I could get to some the crypts of, but we could also wait unless if you have some. You can go around the horn or click on the Solana side of things. So some shovels. Some shovels on stone. So SI went to like 64 rushes back to 38. I don't think it's a big pullback. I don't think it should be a surprise. Me and went like

42:49four to 60 in a week. So, I mean, be careful with those. Yeah. What I will say, and I've been in this trade from very early. I'm nervous about it. I feel like the vibe shifted with like cook or in crew kind of like semi taking it over and saying like, you know, the, the, you know, me, my boy's bro, you don't have to worry about the flow of me while they're all selling it. And then now, now like everyone's rooting for it to fail. And it feel like it used to be like a head of more positive sentiment tied to it. Now I feel like the sentiment's negative. So that's phoenix me a little bit. So I cut half of the. As you should. And you should do that with all your bags. And then just go make some money. You know. So I'm monitoring it closely. Yeah. All he knows rebounding a little bit. So like if you're in the broader stocky cone, your coins are probably sold off because they all are down like 70%. It's pretty nasty. I think you want some of those leaders to start rebounding. It doesn't have to be ZKav. But like, all you know, back from five to 10, like, that's positive. You want some hope that these coins are not just going to slow grind to zero because that's what has been happening. And these are weird as charts, dude. Yeah. They are tough. They're like exit

43:55the exit pump to zero. And I mean, it very well might be. And I think this is like the only explanation for why stonk is down because stock did two million dollar days in a row. And the tokens, like it's neck and neck with hyperliquid and daily revenue. Yeah, of course, it's got an FBI after that. Yeah. Yeah. How is he kidding, guys? The token's down. How is it? Two, three. Jesus. It's just returned to the king, brother. Return to the king. You know, I mean, everything's kind of down. So I mean, pumps down to like really for no reason. So it was a big one. I was, why's everything down? The dewaisha's trading. I thought big ones are needed to care right now. Yeah. That's the. Oh, boy. Anyways. So that's that on on stonk and then broader sauna. There was a couple. I see. Like what were the runners yesterday? That bear backpack thing. Backpack bear. I saw it early. I got in a little bit later. It has the backpack pair, which I think people have been waiting for a good backpack pair.

44:59I guess everyone's so bullish on it. So I think that isn't interesting one. E accelerate. It was back soup. There's like a super intelligence token now. There this was like a multiple pvp vamp situation. One looks like it's the winner. It's at seven million. Maybe that's what's impacting SI as well. Who knows? But they jumped out to me more broadly. There was just a lot of green on the salon board. So a lot of mornings I check for the minutes. Yeah, it's kind of hard to find much green because so many salon tokens, I go up fast and then go back down just as fast. But there's actually some some winners out there. So so perhaps the return to Salona is playing out. And I did share that that step. Earlier in the show, Salona floor tweeted this out that they let Salona let all chains in monthly app revenue. They're at a nine month high, 180 million dollars in September. And they that makes them the number one blockchain. It's like hyperliquid's next at 70 million. And then ETH 54 million off chain 42. So Salona pretty substantial leader in app revenue.

46:03Which maybe is a good sec to some of the decrypt news. Salona up on the news. It goes to them that decrypt media is launching the information exchange on Salona powered by decrypt in the media token. So yesterday we put the news out. Man, I've been itching to put this out. We've been working on this since since about mid June. This idea, this product project. And so we finally rolled it out. So the crypt, Mary add and and and and Mirat token. For those who are wanting to grow radio, it's been rolled into the crypt for a minute now. And so this show is is airing on there actually. So you can check out the article. There's more news. But the goal is very simple Tyler. You've kind of started seeing it when I'm sharing, you know, the Bitcoin pages and we've made pages for tokens. You can predict on here. People I don't think you realize you can actually buy Bitcoin on here already, but you will see more news on that this powered by Jupiter, read the news, etc. So the way we've done it is, you know, we historically, we started as raw radio, right? I mean it now. It worked well. We grew very fast into a merger with

47:05the crypt and the crypt, you know, the second largest news site and all crypto at the moment after coin dust always on well, very reputable. And then went to prediction markets and prediction markets were the right move at the right time. We killed it. We did very well in my opinion until we did it. It got very hard. It's expensive to run. Like a lot. Paulie marketing cowsheets sucked a lot of air out and money out of the ecosystem by doing so. And I feel like the the the the the feel around prediction markets has gone a little different and you know on the legal side as well. It's extremely complicated, right? You need to have a lot of money to keep it going. And we were scratching our heads like what are we what are we supposed to do with this? What are we doing next? And here we are looking at sitting on the gold mine that is the crypt. One and a half million unique users a month blah, blah, blah, all the all the stats are there. We do like a hundred million. We see you're right. But wait, why are we doing this within the crypt media? We've been trying to embed predictions. We've been trying to a lot, but the crypt has an information exchange and as a front end for everything makes sense. So we decided to go to go somewhat the aggregator route. And you guys will

48:06see I'm not going to try not going too far here because we're about to slam everyone with information in for the next eight weeks almost every week. But but we're going to start you're going to be able to treat perks. You're going to be able to treat spot. You're going to be able to treat prediction markets, not just Meriad. So we're going to aggregate that over there and more come on that and you're going to go to everything within the crypt ecosystem, which to me and I think and curious what you think on that, but like to most people makes the most sense because we own the media, we own the views, we own a narrative. We may as well just serve opportunities on their directly rather than try to compete with polymarket and cowsheap. I think it makes total sense like this media integration with markets. I saw that vision. I think you guys laid it out a while ago. Yeah. It always made sense to me. I mean, I feel like it's just the broader trend of prediction markets. It's trade the news effectively. And this is what you can do. I also appreciate decrypts like leaning into the analytics and the data alongside news like I am a decrypt website power user. It is my primary source for the newsletter that I write every day as

49:12well as info for the show. So I've noticed it firsthand. I encourage it our listeners. If you're looking for good analytics, if you're looking for news, check out the crypt site. It's not a part of your daily process because there's some new pages out there that are really useful. And I'm incorporating them into my daily process now. And then having the ability to trade on top of that, it's pieces spinning together. And it's great. You're always telling us like, guys, we need more of this. We need less of this with more of that. And so we're going to keep using it for people like Tyler now using every day. So there's going to be a page like this. This is going to be the AI situation room. And you're going to be able to follow all of the I trade in one place. The fun one, which I think you guys are going to love, this is not live yet, but Tyler, you've got the chance to see it is the trenches. So we're going to launch a whole trenches situation room where you're going to be able to see all that data and predict on it and trade on it as well within that. So you can expect a lot of partnerships coming from that. And what made most sense for us on that, Tyler was Salona. And you know, the reason for Salona is the reason I've been bullish on forever. And I've

50:12said this on the show a million times is when it comes to the consumer ecosystem, Salona is the best. And founders too, like when you build on Salona, like you really see it, like behind the scenes, we have been having conversations with Salona founders for the last couple of months. And they all want to work with us. So I'm like, yo, how do I help? How do I get involved? How do I do this together? And so I'm really excited. And so I think people should be as well leading into Salona breakpoint, which is a believe November 17th in London, where we'll be in, we'll probably be doing an event. And then the big piece of the pie has been mere. And I know I caught a lot of slack over that for for good reasons. But I'm happy we never ended up launching a token because I don't think we'd be able to pivot the way we just did. But for those of you who are curious at the end of the article, there's an entire section on that and where this token sits within our information exchange. So, excuse me, a fun Q4 over here, Tyler. Excuse me a fun one. Thank you for me. We love Salona. I like types as reply is this like runescape,

51:17scratch exchange, but for crypto, I kind of think this is the best reply we got. Like it's kind of like makes sense because it kind of is. So pay attention to that. I think it's going to do very well. I'm very excited. And we have a lot of people that actually want to work with us on that. So stay tuned on that. I'm going to stop there before I go too far. Anyways, I think we've gone around pretty well. We have we cover the news 875 K. Punks. Oh, wait, let's let's finish on that. Let her know fun. No, let's finish on that note. So Eli did correct me. This is the biggest on chain punk sale last year. So there I forgot that those apes moved. He he brokered that deal. And that was a higher price. Well, Eli, if they were on chain, we would know that. Good counter. Good counter. But yeah, the zombie sold for 875. I think it sold last year for a touch higher, I think. I think this one sold for like one of three or something. Not see that crack. For 40. But we're going to 1.089. Yeah.

52:22We're in the software now. I can see here. Oh, because it happened on gone is 875,000 USD. So we don't have the ETH. 75. 875 USD. Oh, that's a less of ETH for sure. How much how much do you see that? Two seven. Yeah, just three 25. Yeah, significant. It's like it took a little bit of a sort of a best zombies in the market, by the way, in the in the game. Nice to see. Yeah, we haven't been really seeing these these rare sell, especially on chain Eli. So nice to see. I mean, we have that little punk. So around last week, it's cool off a little bit. We haven't really seen sales in the back of this. It's always like that, man. You're foaming, you're foaming, you're foaming, you're foaming, and then this stop selling for like six months. I personally only want to buy when there's foam. I know you do. If other people are buying, I buy it. No one else is buying.

53:23The floor is getting a little better. So if you're shopping, you might, it's starting to, there's a couple options out there that I would go after close to floor. I'm glad it's sold. It's fine. Punk's going to do well over time. I'm not a I'm not too worried about that. All right. Well, this is good. Some good stuff around around. We'll sell tomorrow morning, Friday, 10 am Eastern Standard Time for the episode of For More On Decrept. Peace out.