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The Data Is In! Crypto Explodes

Lark Davis36:55

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The data is in, guys. The inflation's not exploding. It's good news. Rate cuts are coming, baby. Rate cuts are coming. Jerome Papa Bear Pal will be cutting the rates for us soon enough. Or if he doesn't, gosh darn, he really doesn't have a good reason to at this point. We're going to be breaking down the data for you, the news. We got ETH, XRP, Salana, Hype, Pump, Pangu. It's going to be a good time. Stick around for that good time.

So, first and foremost, Charlie Bleo sharing this overall US CPI moved up 2.9% in August. By the way, stick around second half stream, guys. We're answering your questions as always. Make sure to stick around for those good times. Let's get it.

So, anyway, overall, US CPI moved up 2.9% in August, the highest level since January. Yes, US core CPI moved up to 3.1%, the highest level since February. Despite rising inflation, the Fed is expected to cut rates by 25 basis points next week and another 25 basis points in October and December for a total of 75 basis points or 0.75% for normal human speak.

Okay, Clark released the flying monkeys. Release the monkeys. Great movie. Anyway, very interesting. So inflation is rising ever so slightly and Jerome Pal is really between a rock and a hard place right now because he sees the inflation rising. Now PPI was down. We talked about that yesterday. So in theory, CPI should be coming down as well. H anyway, we'll see. We'll see what the next month's numbers look like. But Drone Pal's stuck right now because inflation is creeping back up. Not by a lot. I mean, guys, it's 2.9%. It's not like 9% like it was. Geez Louise. But it's going in the wrong direction. And that's the problem.

Now tariffs haven't really affected inflation very much from the numbers we've seen. So that's at least a positive. But the jobs market is weakening at a worrying pace right now and Jerome has to respond to that. That probably becomes the key mandate. Inflation be damned because if he doesn't do something, the jobs market's going to go to absolute hell in a hand basket and that's going to be a real problem for you. Wow. Jerome's also facing the reality of AI is taking everybody's jobs, man. And it's only going to get worse when they release the humanoid robots, which are coming very, very soon.

Okay. Uh Muhammad with this one. With US CPI numbers matching the consensus forecast, the main market mover this morning is jobless claims, which came in far higher than expected. The overall signal from this week's data is clear and one we've I've stressed for some time now. now increasing the heck of others. Inflation may still sit above the Fed's target with the greater risk the economy lies in the pace and severity of the labor market weakening. And make no mistake, the labor market is weakening fast. Oliver, red light hat will come. That's for question time, ma'am. That's for question time. Thanks for the reminder. You can see here CPI and here the jobless claims. So the expectation was 235, actual came in at 263. Okay. So a lot of problems in the job markets, hits on non-farm payrolls, uh too many jobless claims coming in, huge revisions down and all the job numbers continually coming out. So yeah, not great.

That being said, that being said, rate cuts will probably be good for the market because the economy is still in expansion. The economy is not currently contracting. The economy is expanding 3.3% GDP growth last quarter, 3% GDP growth expected this quarter. Even though the jobs market is weakening, things are generally okayish. Softening of the jobs market does not mean a complete Armageddon in the jobs market. But if the Fed doesn't take immediate action, then we could have a much bigger problem on our hands because not only is the price of money too high at 4.5% currently, but you have the AI problem too, which is not helping anything.

Anyway, so here is the price of Bitcoin right now. We had a nice breakout. Now, remember, we flagged two potential entry points here for this from the 120 uh sorry, $112,000 20-day EMA breakout or $113,000 entry at the 50-day EMA. Okay. Now, doing a swing high, swing low analysis on the FIBs here. If this breakout can hold, if we can start grinding higher following gold up, we've got some great gold analysis coming for you guys over the weekend, by the way. Gold Bitcoin correlation. Very interesting [ __ ]. Anyway, the next major target for Bitcoin would actually be up around $135,000 at the 1.618 Fibonacci line. So, any longs from here, ideally your target, you'd want to have it up around here, which it's not a bad move. Now, do we get that? Who the heck knows? You guys know how it is. There's so much BS that can happen in these markets on any given day, and it's really not the big move. 17% but 3x leverage on a move like that. Hey, that's like 45, almost 60, almost 60% gains. That would not be bad. Okay, that would not be bad if that's what plays out. Obviously, Bitcoin's a slow mover, but let's see how it goes. Let's see how it goes. That would be the target, I think, on a breakout from this current move here. Okay.

Now, by the way, if you want to trade Bitcoin, Ethereum, whatever kind of cryptos you guys want to trade, Bit is the hot spot to be trading at these days. Okay, whether you want to long the rips, short the dips, whatever. You guys can have a good time doing all those things over here on Bit Unix. No KYC, no VPN, no BS, just good times. Now, here's the deal. Never been a better time to sign up than right now. By the way, you can see my current trades over here at Pangu trade doing well. Damn, that Salana trade is starting to do really nicely. Uh $91,000 unrealized uh profit loss. Unrealized. Could go back to zero. You never know until we click the sell button or hit our take profit level of 440. It's just going to be grooving there.

Anyway, anyway, besides the point, insane bonuses right now to sign up for Bit Unix. Deposit two grand or more, you get 400 bucks cash back and crazy trading bonuses. Basically, the more you trade, the more money they're going to put stuff back in your pocket. VIP level three exclusive using that link. They'll get you 30% off of your fees. And we're giving away $1,000 if we're live stream. Since it's live stream, we better give away $1,000. Let's go. 599 potential people in to win it today. Let's see. Let's ask our old buddy Grock over here to do the calculations for us. Grock's pretty slow at this. So, we'll answer a question to a guac gro thinks about it. Uh, do you have Zbeck on your radar? I do not. So many coins out there, man. So many coins. Get your bags packed now. Time is running thin. If we are doing If we're due for a big Q4, yes, time is running thin indeed. This bull market is a trap. Everything's a trap. Life's a trap. No one gets out alive, believe it or not. It's crazy [ __ ]. It's all a trap.

Salana feels real good. Yeah, Salana. We had a lot of We had a lot of entries on Salana, too. We had, you know, the the 20-day EMA retests multiple times, man, on this uptrend. You know, it's just been very clean so far. We had lots of beautiful 20-day EMA retests. We had the 205 breakout level. We had the breakout from the top of the wedge at 222. Like, there were so many entry points. Salana's been very giving. Okay. Loop ring to five bucks. Loop. Man, I haven't heard anyone talking about loop ringing in a very, very, very long time, man. That is uh that is crazy. Very long time since we heard anyone talking about old loop ring there. Gosh darn RW on fire. Oh, looks we got the numbers. Okay. Yes, RWA's indeed will be on fire. So, uh 580 and 307. 580 and 307. What do we got? 580. Look at this. Boom. Here we go. 500 bucks, dude. Put in two grand. Got $400 deposit bonus plus an extra 500 bucks back on top of that. Not bad. Not bad. I dig it. Dig it. Let's go. Good [ __ ]. Uh, and the other winner was 307. By the way, that's your user ID. Of course, we're not sharing email addresses, guys, because transervable privacy here. So, you do have to check if that was your user ID that won the giveaway. This is all done manually, so have to check tomorrow to see if rewards are in there. They'll put them in there. They'll check the spreadsheet later on today. Okay. Anyway, uh there's 580 and there was a 307. Okay. Put the 307 one in here. Look at this. Look at this dude. He put in 20 bucks, man. He put in 20 bucks. Got 500 bucks back. Let's go. Let's go. My mom watches your videos. Thinks you're my dad. Awesome. I could be. I may be among my own grandpa, too, but that's the conversation for today. Anyway, continue watching. Uh, yeah. Anyway, shout out to your mom, man. Shout out to your mom. Wait a second. If she thinks I'm your Does that mean I did your mom? Holy crap.

Anyway, serious talk again, guys. Serious. Now, look. Ethereum finally breaking out of this big rounded bottom that we had right here. Took out the 20-day EMA, took out our key level right here. Now, you know, with ETH, it's never as easy as just things happening. $4,500 is the key price level here. So, we need to close the daily candle above 4500 bucks. Still 12, 13 hours almost to go here. Okay. So, we got a little bit of time for this to close or not close above the $4,500 level. If we can close about 400 bucks, might be the start of a new uptrend and getting us up to at least the retest of the previous all-time high around 5K. Okay, but that rounded bottom pattern nice and clean. Retaking the 20-day EMA so far. Nice and clean. Now, if we get a retest of 20-day EMA, not bad, but I hope we keep above 4500 bucks. That's been a such a key area of price resistance here for Ethereum. Okay, my ETH trade uh currently open over on FEMX. It's just grooving along. It's chilling. So, we'll see how that one plays out.

XRP breaking out of a major downtrend here. You see multiple touch points along this downtrend. Good decisive breakout taking out the downtrend line. The EMAs at the same time with good MACD momentum building up. Not a lot of huge volume on this move though as you can see right down here. So I I don't love that. Let's just say I don't love the the lack of volume here. But you know it is breaking out. It is cruising to the upside. As long as XRP can maintain above the 20-day EMA yellow line on the chart here, then that'll be a good thing. And we can start building a new uptrend here with, you know, higher highs and higher lows because there's always pullbacks. Okay.

L say something about Loop Ring. Something about Loop Ring. That's it. It's all that's all I can say. I haven't looked at Loop Ring literally in years. I have no idea what's going on over there right now. Salon. Oh my gosh. We're at $239. Let's go. Let's go, guys. Yes. It's been crazy. Now look, we've been just beating the drum non-stop about the Salana trade with the digital asset treasury companies coming with the ETFs. It's about 28 days now I think until ETF approvals and we're likely to get an approval. Now maybe maybe some crazy [ __ ] happens and they don't approve it, but I think it's a very very high percentage chance to get an ETF approval in October for Salana and that's going to well see this thing rip even more. Look at that. Multiple entries uh laid out here. Uh I've been in well, I've been stacking Salana pretty much non-stop up until gosh till about yesterday. I'm not sure I'm going to buy anymore at this point. I think I'm just going to stack up my cash and just let it sit there. But I've been buying Salana really just well crap for a while now. I think we got a good bag secured back here. Like a very substantial bag secured back here right around uh 145 right in this region. 145, 146 something like that. And then just been adding to the position. So um uh there's a futures position that's been open since around 150 something like that and a very big spot bag that I've been building throughout this entire sort of wedge up. But I think I've got enough now. And I think that's probably going to just ride it for the move from here. Okay.

Uh lately I've heard a lot of videos saying sell your losers, hold on to your winners longer. I sold some of my largest bags at uh 225. My next sale is 245. Is that too low? Uh are you talking about Salana in particular? I mean, if you think that uh Salon is one of your loser bags, I don't know what your winner bags are. But um my target now this is just my price target. I can't tell you what to do with your money. You guys make your own decisions. You know, investing in cryp is risky. You can lose all your money. Past performance is not equal equate to future returns. Don't listen to random people on the internet telling you what to do or to do not with your money because I don't tell you what to do with your money. Understand what I do with my money. Um my price target for Salana is around 440 bucks. That's the 1.618 Fibonacci line. Okay, that's a reasonable place to look for a next local peak for Salana. Okay, that's where my futures uh trade has to take profit at. Okay. I think I'm selling way too much in my salon that I bought at $10 and $15 way too early. I mean, I had over a hundred. I'm down to 77 SC, you know, Jay, man. To be honest, if you got in that early, I mean, look, my entry is like 150 bucks or something. If you got in that early and you're taking profits, there's nothing wrong with that, man. You're taking profits on the way up. I mean, literally, you're you're locking in 20, 25x profits in some of these situations. Like, that's good. That's good. Don't not beat yourself up. You've already got your capital back out. Okay? You've already got profits out. Like, man, that's that's good. You know, you don't be hard on yourself. And that's the thing is you can keep you can keep selling the way up. You know, you don't have to sell too aggressively. If you got your 77 Salana there, you know, and again, not not financial advice obviously, but you got 77 Salana there. You don't have it doesn't have to be all or nothing. You know, you're deeply in profit. You have options in that situation. It's nice to be deeply in profit because you can go, "Ah, I got options. I'm not stressed out. I can take a little more off the table here. You know, if I see it break ups, I can take a couple off here if I want some money or I want to use some cash or something else. I just want to take some money out of the market, whatever it might be." You can do that. You can do whatever you want. No one has a crystal ball. Some crazy [ __ ] could happen tomorrow. Markets go to zero again. Well, not zero, but you know what I mean. So, let's see. But um there's never anything wrong with taking profits and knowing everyone broke taking profits. The vast majority of the people that invest in crypto won't ever take a damn penny off the table and they'll round trip their bags every time. So look, I think Salana has potential to go up as high as $1,000 at the peak peak top of this cycle. Will it definitively do that? Not necessarily. Maybe it goes to $8.90 and everyone waiting for $1,000 gets cucked. There's nothing wrong taking profits on the way up. Okay? And it doesn't have to be all or nothing. You could just sort of sit down and think, okay, 77 Salana and make a kind of a sell plan based on where you think the price will go. Maybe you're more bearish on Salana than I'm very bullish on Salana right now. Maybe you're more bearish, think ah, you know, maybe maybe all gets back up to previous alltime high. I'm just out or, you know, I'm done. I've I've ridden the train long enough. I've got the meat of the move. I'm going to take my profit and put it into something else. That's also a valid strategy. People don't talk about that enough. You can actually just hop off a train, man. You got I mean, look at this. You got a 20x clean 20x, man. That's beautiful. I love it. You can take the money and put in something else too if you want. Nothing wrong with that. Maybe you're looking at Salana like, "Ah, you know what? I'd rather put my money in pump or just take it out of the market and just go buy yourself something." You can do that, too. There a lot of options there, but never be afraid to sell. Okay. Now, again, my targets are higher, but that's me. Anyway, gosh darn sales here, and I love it. It's beautiful to see.

Now, the uh technical target for the breakout from this rising wedge pattern, remember we're talking about this, the rising wedges are usually bearish chart patterns of everything going on and the way the 28-day EMAs and stuff been reacting, the volumes, all that kind of stuff. It's likely to be a bullish breakout. So far, we're getting a bullish breakout. If you are uh if you get a retest down here of the top of this yellow line around 222, probably a bid zone in my opinion. The target for this is going to be around 290 bucks or something like that. So, higher higher. So, basically, this is a potential run back up to the previous all-time high.

PayPal, PayPal, they said, "We're all in. Let's expand the hyperlquid community together across our broad network of for PayPal and Venmo accounts." Dude, Lark, come on. Can we get Can we get Can we get a hyperlquid pullback? Gosh darn. I still do not have position in this. Been fading it since $3. Just sitting on the sideline just going like, "Why haven't you bought this yet, Lark?" One of the most obvious trades of the cycle. Anyway, you know, part of my issue, I think, over the last maybe year or two has been just sort of being too much all-in all the time and and clinging to bags that suck ass. You don't want to be hanging out with bags that suck ass, okay? You know, I just got to relentlessly cut [ __ ]. And I there was probably multiple bags that I could have cut when hype was sort of establishing itself and like, okay, it's going to stick around. They're regressive buys like 16, 20 bucks, right? For example, that I could have cut and got in. But, you know, I'm I'm really just giving back to the uh comment on cut your losers and hold on to your winners longer. Yeah, cut your losers, man. Because losers in crypto, they just drag your hopefully to drag you down psychologically. They lock capital up in losing bets. You think might think, "Wow, I'm down like 50% on this trade." Oh, yeah. But you still have 50% of your capital. And you put that into something that's actually going to win and might make your capital back and then make you more money. Plus, free up the mental space of holding on to dead weight, which for me is one of the biggest reasons to dump bags. Any anyway, this is I can see something playing out like this for Hyperlquid. A pullback to around the 50 buck region or around sort of um, you know, 49 to 50 bucks. Probably a bid zone considering that was previous price resistance.

Check this out. Pump Fund Mobile is accelerating daily activities hit new alltime highs of over 110% since last month. Let's f and go. There are tons of new features coming to the Pump Fund mobile app. Do it. Let's do it, guys. Apparently, some kid uh took some fitness influencers hat off today. Got slapped in the face, made $30,000 while streaming it. Future finance, baby. Don't fight the casino. Just understand. Understand the casino for what it is, is dirty. It's messy. It's nasty. And it's got millions of dollars a day of buybacks and a chart that looks like that. Now, will there be pullbacks? There'll be disgusting pullbacks on pump. But so far, gosh darn, looking pretty good. I still think that if you get any kind of weakness in the markets over the next few days, it'll pull back to the sort of 4,800 uh range. Z Okay, 4.8 cent. No, not 4.8 cents. 0.0048 cents. There you go. Uh if you get a pullback into that range, just under half a cent there, then probably a bid zone. And I might consider adding more to my bag if that happens. Okay. Otherwise, we're riding this crazy train, man. Let's go. Let's go. We're almost up to the previous all-time high here for Pump. Gosh darn, this thing is a beast.

Pangu just showed up one of the most popular C TV series on Apple TV. The heck is this series? Ah, it's that Seth Rogan and um who's that lady? Rose something, isn't it? Anyway, whatever. There's a penguin in the back and normies are seeing pengu everywhere. Pango to the moon. That's what that's all that matters really. NASDAQ listed Sharp's technology announced their strategic partnership with Pudge Penguin to bring exposure and connectivity to the Salana digital asset treasury space. They recently acquired over $2 million of Salana. Will they start buying Pudgies as well Penguins as well? If they do, if they do, hold on to your butts, guys. Uh the Pangu chart kind of looks like this. Beautiful uh retest yesterday down here of the breakout downtrend line. 20-day EMA curving up nicely. I would reckon that for Pangu, I mean, last time it was super unforgiving, by the way. I mean, look at this. Last time you had one retest, the 20-day EMA from the breakout. So in June, it went from 1 cent to almost 5 cents basically straight up over a few weeks period with one EMA retest in that whole time. That's crazy. I don't know if this move will be as aggressive, but if you see 20-day EMA pullbacks as we grind up here, those become buying opportunities. Anyway, gosh darn. That's it. That's all I got to say. What do you guys want to talk about? Let's do some questions. Get your red light hats on everybody. It's time. It's time. Only got about 10, 10, 15 minutes. I got to take my son to karate uh pretty soon. So, we'll blast through some questions here.

Sonic at the moment. Yeah. Yeah. I don't know, man. Honestly, I was pretty bullish on Sonic, but just mostly it was just people airdrop farming. Yeah, I don't know. I sold it. I'm not sure I'd buy back in at this point. I feel like it's kind of lost that uh excitement, you know. Anyway, that's my thought on it right now. Not I mean, once Andre launches his flying tulip decks thing, maybe that's going to bring some excitement back over the chain. You know, things can change real fast. Liquidity is very mercenary in the space. And if people require Sonic in order to go and farm Flying Tulip and the incentives are there, then people will buy the [ __ ] out of it. Yes, hydrate. Let's go. Uh Allan, are you still holding? You know what, man? I am I've been so slack and you're absolutely right. I need to do better on that. I've been so slack updating my stock um portfolio disclosures on my disclosures page. So, I absolutely need to do that. You know what? I'm gonna make a note about that right now because that needs that needs to get done. I've been super slack about that. Like, I don't know, my Tesla and stuff's not on there. And I don't know, whole bunch of other random [ __ ] that I own. And uh that should be on there. Uh update stock disclosures. There you go. Note to self-scent. Anyway, yes, I still own both of those. I still own BMR. I still own ESB. They're currently break evenish or slightly loss. Slightly at a loss. I don't know what the price is doing today on either of those, but uh I think BMR probably over SB bet at this point. I've even thought like [ __ ] maybe I should just nuke my ESB bet and stuff it on BMRs just to have more of a concentrated bet. I mean, Tom Lee is just pulling all that Wall Street money and now he's venturing into other stuff, right? He put $20 million into a world coin treasury company and that was like a 50x return in a day. Like crazy stuff. Um, yeah, I still hold both those positions. What is my price target for those? Man, it's really hard to have a price target for these to be honest. I feel like it's just going to be one of those situations where I just something's going to be good enough because the dilution so much. Think about this. my my BMR stocks basically haven't really changed very much in price from the time that I bought them, but the market cap's expanded by six or seven billion dollars since that point because they're diluting the stock so much all the time. Um, but yeah, I I definitely think we can get some nice nice multiple X's on these when the hype picks up adequately, but these are definitely um for a good time, not a long time bag. Let's just put it that way.

Rose Beer and that's it. Rose Beerren. Yeah, that's the one. Is virtual pro? No. Say, absolutely not. I do not think virtual is a dead coin at all, man. It just has attention waves where they innovate and do new [ __ ] never gets all excited about virtuals again, and then it cools off again. Uh, virtuals is probably one of the best, if not the best, AI agent platform out there. There's been a lot of other people coming into the space with the AI agent stuff, man. Most was absolute [ __ ] garbage and it's never going to do anything. But um yeah, no virtual is not dead. I don't own any virtuals currently, but it's certainly not that. Uh am I eligible for giveaway? No, it's only for recent signups since we started this particular campaign. Sorry. Bought a bag of Pangu in the spring. Yes, let's go. I hope it's worth a [ __ ] ton when that happens.

Laura, give us your opinion on World Liberty Forth stacking at this price. Where do you see it going? H you know, I am not in this. I'm not sure I'm going to get in it. I don't know. It just they probably crime the [ __ ] out of it and it goes way way higher. What's What's the current um FTV on this thing? The FDV is just crazy. And you see this happen with um let me just try to find it real quick. I just like to do it the slow way and scroll down. There we go. We're Liberty Financial. Just put this up on the screen for you guys. Currently at number 38, market cap of $5 billion currently. Okay, interesting. What's the FTV? FTV is at $20 billion. Is that worth $20 billion? Essentially, a fork of a what you're really betting on is that Trump and his family will be able to just basically push this thing to the effing moon at some point. Um, I don't know if they introduced a token buyback mechanism or something like that yet. If there's a token buyback mechanism and they can start getting a whole [ __ ] ton of business for the USD1 stable coin, which is Trump family stable coin, then, you know, maybe it could really take off and and be big. Maybe, maybe I need to look into a little more. Right now, I'm staying out of it. I'm not I could in theory buy it and I might. I'm, you know, relatively agnostic on buying a ship. I think it's going to go up in price, I'll I'll hop in, but um so far I've kind of stayed away and I don't know. It's not top my list of things I I want to rush in and buy. I feel like I'd rather buy like Athena or something like that. I do own Block by the way, uh which is a sort of a beta bet to World Liberty Finance, but man, that's half the money gone on that anyway. Say Levie, man. Keep your son in martial arts. Let's go. Let's go. Josh, shout out Ohio. What is up, Ohio?

Awesome. ETF has been delayed until uh November. Which ETF? Now, I I I guess I'll need to check that. But from my understanding, the final deadline for um there's different ETFs. Okay. Uh applications in. So you have to understand that that not every ETF application is the same. Uh they're filed at different times which gives them different final deadline dates. So I know that one was rejected yesterday or not rejected but delayed yesterday. We can't remember which one that was temple one or something I don't know. Um but the first final deadline again this according to my understanding is ah I don't remember the exact date October 20th or something like that. So essentially on October 20th, let's say uh double check the date, but let's just say it's October 20th. On October 20th, the first final deadline for a Salana ETF comes up. So at that point, they're either going to go to that Salani ETF provider and say approve or deny. And if they deny, they have to give a pretty damn good reason why they denied them, which means all the other ones would then in theory be denied as well. But if one gets approved on October 20th, I guess say that's the date. couple days on either side of that. I'm not sure if it's 20 or not, but if it gets approved, then then that means all the other ones would also get approved likely at the exact same time. So that sort of final deadline for one of the late filers in November um only applies to that particular ETF, but you want to look at the one that's got the first final deadline. It's my understanding of the situation. Okay.

I want out of XRP, but unsure where to reallocate for the best returns in 2025. I mean, you know, um I don't uh I got a trade open on XRP with a target of $4 right now, but honestly, that's just I don't even think I had to close that trade out. There's better trades out there to take. There are so many better places likely to reallocate um for better returns in 2025 than XRP. Now, it's not bashing XRP. It's such a big cap coin that it's probably not going to run like another 7x again like it did last year or was this year. Was that this year? It was only a few months ago. Wasn't a [ __ ] Anyway, it's probably not going to run. That was December last year, wasn't it? It's not going to run 7x again in a few days like it did last time. That's just not super realistic, is it? So, in terms of allocating for better returns, there's a lot of coins out there, but you start going down the risk metrics, right? So, if you hold your XRP, you probably get to sell it for 8 to 10 bucks at some point uh later this cycle. Just, you know, not who knows what happens, but that'd be my general thoughts on it. That being said, if you bought like pump still just at a $2 billion valuation with aggressive daily buybacks, I mean, pump still likely 10x's from here. XRP 10xing from here becomes very, very unlikely. Let's go.

Fake Dan, you spoke of Ali many months. many months ago. What are your current thoughts? Sold it. Sold it, then it pumped. Classic. Sold it. Bought pump essentially. Uh I guess the good news is I'm currently up about as much as Ali would have been. Uh the reason why I sold it was just it was just dead. The volume was dead, you know, and I just I I have a hard time justifying holding coins where the daily volume is like $50,000 and it's listed basically nowhere. And that was my main problem with it. Uh the team, you know, I talk to those guys every once in a blue moon on Telegram. I guess probably not anymore, but uh you know, they're still out there working. They're doing [ __ ] They're a hardworking team. I don't know. As a as a sort of crypto proxy bet on robotics, maybe it's an interesting play. Personally, I want to get stocks in, you know, companies that do robotics stuff. But, you know, Ali's good. I I I like what they're doing. I just couldn't justify keeping holding on to some coin with just such abysmal daily volume metrics. But now, of course, volume's like 10xed from 50,000 to half million a day or something like that as people are sorting starting to look for these sort of robotics plays. And look, they're doing the work. They do a lot of work. Those guys are putting in a lot of work. So, you know, shout out to them for putting that work in. But I hopped off that train.

San Pelgro. It's the best. Straight from the mountains of Italy, man. Let's go. Let's go. Anybody know the Cone Heads movie? Oh my god. Oh, that is that Chevy Chase? No, Dan Akroyd. That was Dan Akroyd in Cone Heads, wasn't it? Oh my gosh. Aptosed $100. Can we just manifest that into existence? Be perfect. Gemini IPO today. not as exciting as the other IPOs. Like the Circle IPO was very unique. Coinbase is so much bigger than Gemini. So, you know, obviously it went way below its IPO price during uh the bare market, but that's a different story. Uh Gemini IPO, I don't know, man. Not particularly excited. H there's a few crypto IPOs. I don't even know what what a crypto IPO upcoming that I'd actually be excited about. Not many. I'd have a hard time thinking about it. I don't know, Gemini. I wouldn't be it wouldn't be I don't know for me and we'll see what the market does. Might pump this. I mean, bullish came out and that pumped like crazy when it uh hit the um hit the markets. So, that's pretty crazy. And yeah, who the hell is even trading on bullish, honestly? Apparently, it's the 13th biggest uh exchange by 24-hour spot volume right now at $1.2 billion in the last 24 hours. And uh, holy crap, it drops, you guys. Look at this. This is nuts. So, Bullish came out and and did a 3x I think on day one. I mean, again, shout out to Block One, man. Those guys are just absolutely the best who have ever done it. They raised four billion [ __ ] dollars for EOS. Give it to the community, aka walk away, never touch the [ __ ] thing again. Take the $4 billion and buy Bitcoin with it. God, best ever to do it, [ __ ]. Anyway, uh, bullish doing $1.2 billion a day in volume. Gemini $122 million. That's crazy, man. Only doing $122 million a day in spot volume. I mean, it's not bad, but it ain't great, is it? Comparatively to uh, you know, like the Kraken IPO, that might be one I could see, you know, maybe maybe I'm not I'm not necessarily going to rush into it, but I could see buying the Kraken IPO. Why not?

Okay, I got about two more minutes, guys. We'll do one or two more. What do you think about Render? A couple Render questions here. I like Render. Uh I've always kind of liked Render. I don't have position in Render. Holy [ __ ] Dogecoin's up big time. I don't have position in um uh Render. Kind of had my eye on it for a while. Is like a coin that, you know, is interesting. I like what they do. probably if you think about everything going on with you know AI and the need for massive compute and stuff like that it should in theory do something let's have a look at the chart here but honestly it people have not really been talking about render in a very very long time to be honest and um it you know to some extent feels like one of those coins is kind of it's not great not a super clean downtrend re retaking the 20 and 50 day EMAs here. Four bucks, huh? Got down to 250 recently. Look, this is one of those coins that could absolutely make a big comeback. It was super popular in um was it early 2024 had a big run along with stuff like Bit Tensor and stuff which kind of also hasn't really uh recovered pricewise. So if you're looking for sort of AI bets on bigger cap stuff, stuff like bit tensor and um you know render and stuff like that probably are interesting interesting enough. Anyway, not super clean here either. It's been just things been downtrends for such a long time. Z it's pretty crazy. But maybe they start picking up a bit of momentum here on the these sort of uh EMA retakes here. But you know they need to get a bit of attention coming back to them. I just don't think we've seen that kind of attention for render and bit tensor and stuff like that. It could certainly be there. I mean, the fundamentals of these things are pretty strong. They're doing a lot of stuff and they're putting a lot of work in the background, but the market just kind of hasn't recognized that kind of stuff yet.

Spelled Bernina, but pronounced burn. Cool. Makes it cooler, man. Rose burn. Let's go. What do you think about uh CRO? I think the honestly the treasury company play is just massive. I don't know how it's going to play out, but huge money flowed into that and huge money will probably continue to float. I mean, Crypto.com's one of the biggest exchanges, so and I teamed up with the Trump family. I mean, wouldn't fade that. I don't have position currently, but um you know, gosh darn, I could definitely see them pulling some big things off with that. So, we'll see what happens. Anyway, you guys are awesome. We'll be back next time, next week, Monday, with live streams. Got some great videos coming for you guys over weekend. So, make sure you check those out and uh have a great weekend. You're awesome. Thanks so much. I'll see you next time.