Summer slump. Despite no shortage of bullish news
around crypto, BTC tumbles as a strong dollar, more tariff uncertainty, and nuclear saber
rattling take their toll. Ticking time bomb. Digital asset treasury companies are
popping up everywhere and hoovering up crypto. But they’re also opening up a whole
new frontier of risk. Alt season over. All the macro uncertainty has meant altcoins have
once again taken a kicking. Was it all just fun while it lasted? Or can our bags recover?
And a look at last week’s top performers, dates for your diary, tweets of
the week, heroes and villains, and some portfolio updates and alpha from Nick
and Guy. This is the Coin Bureau News Live. Hello everyone. It is good to see you. Monday’s
here, but never fear. The Coin Bureau Live News is here to make your troubles disappear. Do you like
that, Nick? I love it. You can open with that all the time, guys. Yeah. Rhyme every I rhyme every
single Monday. A rhyming intro. Yeah, just commit myself to that for the rest of my life. No, thank
you. Um, hello everyone. It’s good to see you. Uh, it has been an interesting week for crypto last
year. Yeah. Yeah. A bit of a personality crisis last week. It was looking good at the beginning
and then towards the end we got rugpulled yet again. Yeah, we did. We did. Although, weirdly,
uh, even though prices have dipped, this is against possibly one of the most bullish kind of
regulatory and just general development backdrops that the industry’s seen for a long time. It’s
crazy. It’s as if it’s just avoid the pride action price actions just devoid completely from what was
going on fundamentally. Yeah, you’re sort of like, is anyone is anyone paying attention to what’s
actually going on or are people just selling? Um, yeah, it’s very, very strange. So,
obviously there’s a lot to unpack. So, we’re going to look through the week in Bitcoin.
We’re also going to look into um digital asset treasury companies. Yeah, the new acronym for
you. Um because like pretty much everyone can see the these are basically not going to end well.
Um we’re also going to be digging into alt season. What what the heck is going on? Um we’ve got all
the usual features for you and uh if you hang on bit bizarrely, didn’t it? Because, uh, Michael
Sailor was nowhere to be seen. He he didn’t buy, even though he alluded to it in his Orange Sailor
tracker, but as we as we speculated last week, it was because he just needed some more fiat
to buy with. And that did indeed then happen on the Tuesday. Sailor came out and bought um a
day later. It didn’t disappoint $2.4 $4 billion worth 21,000 Bitcoin, taking the total holdings
to 628,791 BDZ. Punchy. There we go. Punchy as ever from Sailor indeed. But what’s crazy is that
that amount of buying still didn’t really move the needle. We were kind of rangebound on Tuesday.
He’s going to need more fear to keep on buying. We’ll get to that in a bit. Wednesday, we had GDP
numbers. uh and this is really interesting because it was actually quite it was quite a beat in
terms of the expectations and it was a really good number compared to the previous which was a a fall
in GDP. Now I will it’s important to note though that there’s a bit it’s data here in terms of the
how they actually calculate the GDP because in uh there was a s GDP is calculated via subtracting
net exports and there was a surge in exports in Q1 ahead of tariffs people were trying to get ahead
of it and then in Q2 obviously way less exports so therefore you had an artificial pump in GDP so
that’s partly why it explains it tariffs causing trouble who would have thought it who would have
thought it yeah exactly FOMC meeting on Wednesday evening or afternoon US time. Yes. Okay. Again,
rates unchanged. I mean, I think that was pretty much what was expected, wasn’t it? You’re telling
me you’re telling me Trump wasn’t able to sway him? No, apparently not. And uh he was Trump was
out in sort of force after that. I think he did he call Powell an actual [ __ ] I think the word I
think the M word he’s called him so many names in the book. I don’t know everything and anything.
A stupid person. Every Pal suffered everything. every word in the book. Um, but then speaking of
the Fed, on Thursday we had PCE inflation numbers. Now, these are the the Fed’s preferred inflation
measure, the personal consumption expenditure index. Slightly hotter on the headline and the
core number. So, that obviously kind of dampened any sort of expectations for a rate cut. Yeah. Um
and then on Thursday as well as we alluded to we had one of the most bullish statements I’ve ever
se no no in general of an SEC chairman make this included things about why US citizens should be
able to participate in ICOs they should be able to get in involved in airdrops why you guys
using VPNs for airdrops you should be able to share in this as well um allowing founders to
build in the US with regulatory frameworks so it was one of the most crazily bullish speeches
ever and and how about that statement quote most crypto assets are not securities. Although,
as some people on Twitter have pointed out, that word most is doing some heavy lifting there.
What is most included? As Ben Cameron would say, not talking about your all your but yeah, one
one more point on the on the Fed though before we move on. Uh so the meeting we had last week,
there’s no meeting this month, no meeting in August. There’s the Jackson Hole Symposium where
uh Jerome I think will give some sort of thoughts on the economy. Um but no Fed meeting now until
September. Yeah, exactly. So nothing in August. Um and then speak on Thursday after the uh the
Treasury the uh SEC SEC announcement. We also had the White House drop a crypto report. It was
indeed a very comprehensive uh quote strengthening American leadership in digital financial
technology. There we go. Again, insanely bullish. Insane. I mean crazy right from the White
House itself. Even look at the cool the cool image they used there. A blockchain with uh you know the
White House. Beautiful. This is this is just again decentralized networks behind the White House.
The White House is decentralized. This would just be so hard to I mean this would be impossible to
imagine under under the previous administration indeed any previous administration even Trump’s
first one. So it’s such it’s such a turnaround. And yet you guys still sold. What’s going on? I
mean Bitcoin what’s going on guys? Jackie is not impressed. She’s not impressed. What’s going on?
What the fuss really? Um, no. To be fair, this was because of Friday. Uh, was the it was the markets
were selling off in anticipation of the actual liberation day. Liberation day 2.0. This is the
actual implementation the August 1st deadline for the tariffs and markets did fall and as we have
been doing over the past few months, Bitcoin came back and closed the CME gap. I’ve got to say like
anyone you see those those that sort of pair of green candles after that gap was open like anyone
who shorted it from there you’ve got to you’ve got to applaud them really but it it’s it’s been like
clockwork for comes back and closes and that was a two week old gap right I think so essentially
you would have if you’d opened that trade when on the Monday when the gap had opened you’d have to
have been in a lot of volatility and been in a big loss if you’d been on a short side do you know
I’ve I I’ve just figured though the way to keep the next CME gap open. So when we next get a CME
gap open up, I’m going to I’m going to short from there. Exactly. And that means that CME gap will
not you have single-handedly solved all market inefficiencies, guy. You will be the arbitrageer
who closes all gaps going forward. How about that? And I do it all for you guys. There you go guys.
Market efficiency 101 right here by guy. Inverse guy making it happen. Um okay. So uh yeah. So the
CME gap was closed. Um what else? And we had these and this this tariffs deadline because we talked
a few weeks ago about that, didn’t we? And I think we both said it’s like that’s that grace period
will will absolutely uh absolutely fly by and it did. It did. And then we’ve still got it’s been
the Chinese tariff implementation which is the big one 3 months out that’s still going to go ahead.
India hasn’t settled all this stuff. But is some semblance of normality so far. NFP numbers came
out on Friday and they were actually really bad. Okay. So there was 73K versus 100K. But that’s not
the worst part. The worst one is the revisions. So apparently the downward revisions for of
258,000 jobs in May and June. So essentially job gains over the last 3 months have been barely
above 100,000. Wow. Yeah. I mean that is quite a revision. They got their numbers quite quite
off there. Yeah. And some would have actually have said that this was uh political meddling,
including the commander-in-chief himself who actually fired the he actually fired the head of
the BLS. Yeah. Bureau of Labor Statistics. Well, that’s one thing. That’s one thing you can do.
If you don’t like the data and you’re and you run the show, you can just fire whoever brought
you the data. You don’t like the call? Just out fire the umpire. Yeah, exactly. I mean, I did kind
of feel I I did sort of feel that was a bit of an overreaction, but you know that that that data
was way off. So, yeah. To be fair, the way they calculate these things, it’s all survey data and
it’s difficult. Imagine getting Jenz to respond to a phone call. You can barely respond to them
when they when you speak to them face to face, can you? So, um but uh if it makes you guys feel any
better, it wasn’t just crypto that were suffering through all this, was it? Stocks uh stocks also uh
took a real hammering as well. Yeah, indeed. And um also on the crypto side, we had a really big
outflow day on Friday for Bitcoin ETFs. In fact, the second biggest Bitcoin outflow ever on record.
Okay. And if stuff couldn’t get any worse, guy, on Friday evening, we got this news. Oh, yes. Okay.
So, this is Yeah. Repositioning nuclear subs. So, this was in response to a tweet from Dimmitri
Medvedv, who um is sort of was Putin’s puppet president for a bit, who apparently has a habit of
going on Twitter sort of quite late Moscow time, sort of aggressively trolling, you know, uh
various international figures. I’m sure that’s nothing to do with um vodka lace trolling. Yeah,
exactly. Um so Trump is Trump sort of Julie took the bait and then was sort of like, okay, well,
I’m just moving our nuclear submarines around. And it’s like I mean you know when you dig into
that it’s sort of like well as someone pointed out you know these nuclear submarines can hit Moscow
from anywhere on the globe. So it’s hardly like but it’s just the fact that he’s kind of talking
about it isn’t it? Everyone’s sort of like oh don’t don’t talk about that. Yeah know exactly.
Don’t say nuclear submarines. Don’t say that not on the Friday afternoon going into a low liquidity
weekend. Please don’t do that guys. I want my weekend to be chill. But it was a relatively
okay weekend. Slight bit of a recovery. Now, quickly, what’s coming this this week?
Um, okay. Yes, Robert Down finally. Um, it’s August is generally a bearish month, right?
Historically, it has been a bearish month. Um, but of course, past performance isn’t always an
indicator of future returns. And I found this really interesting analysis on Twitter um for
and okay, nice one, guys. You guys are getting really Why are you embellishing all of my I mean,
tell me you’re going to do this so I can at least Oh dear, that’s brilliant. No,
no, I mean no one’s listening. Okay, fine. Oh dear. Okay. Well, so so talk
talk to me about this analysis. His analysis was not my picture. It was an actual chart I
will say. Uh so it was a chart basically it’s interesting about 80% um the Bitcoin has set
a new high or low within the first 12 days of a month over 80% of the time and generally it
then proceeds to trend in the other direction uh for about uh for the rest of the month.
So I mean that like I said this is again past performance future returns but it’s an interesting
data point to look at. So essentially what happens in the first 12 days of this August that could
determine based on historically 80% of the time what could happen in the in the days that follow.
So keep an eye on what happens in the next 12 days. And then this chart is also quite bullish
bullish because we’ve now basically the support we’ve come to the previous all-time high. So we’ve
hit the support of the previous all-time high. And if we close today above the 50-day moving average
that could also be bullish. And I’ll also note one more thing. We’ve got a um high liquidity zones
u in terms of order depth around the previous all-time high. Okay. And there is no more there’s
no CME gap that was opened over the weekend. Ah okay. Stocks are looking good. Pre-markets and
finally um the job market have in the job data last week on Friday has increased the chances of
a rate cut in September to 82%. Okay. Okay. Um so well some bullish some bullish signs there. Some
bullish signs. we could be set to go higher. Yeah, it is it is crazy when just going back to what the
SEC and the White House and stuff were saying. We might cover this a bit more later on, but it
is just wild to me that that prices have been suffering this much when the when the backdrop is
so is so positive. It’s all macro. Macro drives crypto now. Yeah. Cool. What’s the sentiment
looking like? The sentiment is good. Um a lot of people are questioning um questioning your choice
of top. Um, it’s a Juventus. It’s a Juventus top. Obviously, if you’re if you’re going to go out
and and wear a football shirt, you’ve kind of got to be prepared. To be fair, guys, I did wear
an in like 3 weeks ago, an Inter Milan one, and I thought I can’t be causing this rivalry
from our Italian fans. So, I needed to kind of balance it out. Is is this a sort of is this a a
deep buried love for Italian football that that that I don’t know about? It could be or it could
just be the fact that I we happen to get given u shirts of Italian football teams by our by our
brand partners and sponsors. That’s true. That’s true. We do have that. It’s actually got a coin
bureau thing on the back. You guys see? Has it? Oh, it’s cool, right? How about that? That’s cool.
How about that? Okay. Okay. So, it’s unique. It’s one of kind. Yeah. Well, um if I get signed by UV
anytime. I’m sure it’s only a matter of time. I’m sure it’s only a matter of time. Um yeah, you you
might have to go out and wear different football shirts though in order to keep people happy.
I don’t I think if you think British English football league that’s going to Yeah. Yeah.
Premier. Oh, don’t don’t wade into that. Um a few people asking for the uh Nick and Guy calendar
as well. I can tell you one thing that that ain’t happening. So many reasons why that’s depends how
many likes we get, guys. We a horse for likes. Speak for yourself. Um, okay. What are you What
are you getting us into? This is terrible. This is This hasn’t been thought through at all, Nick.
Okay. Right. We’re going to quickly move on. Um, how many likes we on so far? Uh, how many likes
are we on? 370. 37. 370. That’s good. That’s good. Well, I’m not going to try and do the maths
on that, but uh still got still got a fair few to go. 930 to go. Um, okay. So let’s talk about
uh DATCO, digital asset treasury companies. Um now we’ve seen an absolute explosion in these
recently. I’m sure if you’ve been paying even a modicum of attention, you won’t have missed this.
Uh basically so many people, so many companies uh following the strategy playbook, following the
Michael Sailor playbook and stacking crypto. Now a lot of these uh obviously Bitcoin is the
is the strategy. Um, but we’re now seeing uh seeing completely random companies that
have nothing to do with crypto, blockchain, even even really nothing to do with tech in many
cases suddenly uh announcing that they’re um that they’re raising money or they’re they’re buying,
you know, huge amounts of in many cases altcoins. Um, and those of us who’ve been in crypto for a
while um can can spot something overheating uh from a mile off. And the general consensus is um
that this is this is a time bomb waiting to go off um these datos. Yeah, exactly. This meme kind of
fits it well. Uh I think many people have this consensus feed that it looks like this could be
one of the biggest bombs in the crypto market. But I will say that I think that it’s going to pump
our bags aggressively until that point. So it’s a problem not to worry about necessarily in the
next few months or even year. But when they do, when you do have some sort of a catalyst that
kicks off prices lower, this amount of leverage and this risk that’s been built up in the system
because of these things could make it much worse. And Galaxy Digital actually released a report
last week that was published in Coindesk about um how these DAT codes, for example, they live
off of a stock price premium to their Bitcoin or Ether or Altcoin Stash. And if that premium which
is the MNAV or the multiple of the net asset value if that goes below one so it’s basically becomes
a discount then you could have these forced redemptions especially if they have debt that
they’ve taken out with particular covenants or um so that is they’ve been able to issue shares
and dilute the shareholders because they have a positive MNAV. What happens when it goes
negative or discount? Yeah. Okay. And I mean this so there’s there’s a lot of talk about
how this is basically a bit of an insiders game, right? Yeah. Exactly. Um so these pipe which is
basically private investment in public equity or spack deal type things they basically these people
who buy into the stock beforehand can dump huge large large blocks of these stocks on the market.
And what’s interesting to note is as compared to many people point to the high FDV low circulation
meta with VCs dumping on retail but at least the VCs were given vesting schedules that usually had
a cliff 6 months out and then had a 12-month vest of some description. With these deals the sponsors
or whoever the people who bought beforehand can dump the entire amount of shares within at
least 3 months. So the lockups are very short. So okay so basically someone’s looked at the high
float uh lowflat high FDV meta and gone how can we make that even more unfair uh and extractive and
put it into practice and fully legal securities instruments regulated allowed um this is trad
for you guys tell me why cryptos are tell me why cryptos are fraud I mean really honestly um yeah
well I think that’s important to point out isn’t it because like a lot of people will be saying
oh this is just you know this is just the crypto industry doing dodgy things, you know, up to their
usual tricks or whatever it is. It’s like, no, this is Tradfi doing this. This is TRDFI buying
an assets like it’s just and they use they tap in the debt equity markets and the problem is
they don’t the model assumes an endless supply of debt and equity that’s willing to bid this.
Uh but if capital market windows shut, then the treasury growth will stall. Um yeah, and there’s
also risks about um altcoins that that have done these. Now the big meta is of course Ethereum uh
digital asset treasury companies and uh there are specific risks there in the sense that for example
staking the staking cues mean the treasuries can’t easily quickly unlock the the funds and unwind
the positions as they can with Bitcoin. And then there’s also smart contract bugs or validator
slashing risk that add technical risks as well as centralization concerns. Remember with Ethereum
a proof ofstake cryptocurrency staking power is determined by uh amount of coins as opposed
to Bitcoin which is a proof of work network etc. Yeah and of course I mean uh companies like
Sharp Link Gaming and stuff are you know have have uh enjoyed a lot of headlines recently um starting
to stack you know all strategy almost you know um and that’s been a big part of why ETH has has
performed so well recently. Exactly. Um and yeah, I mean there is as you say there is potential
yield there and stuff which to many I think would make ETH uh a more attractive asset for you know
for a digital asset treasury. So but as you say you know there are risks with that that perhaps a
lot of these companies don’t truly understand. Um having said that um you know we’ve got companies
stacking BTC, we’ve got companies stacking ETH. Um there are plenty that are going for altcoins
as well and I mean some of them just look to be outright pump and dumps. Well I mean the price
action on the charts would for example I found two particular examples of treasury companies
that would deciding to accumulate hyperlquid. The first one was one called Lion uh pull up the
chart there. Lion Group that wants to bet big on Hyperlid with a $600 million treasury and they
make the announcement uh and um the the stock price pumps obviously and then the stock is and
then since that time about a month or two ago the price of the stock is down 17%. Right. So you
could have just bought Hyperled and you still would have been profitable. Why would you buy a
the shares of a digital asset treasury company? Yeah, but that’s not the most egregious example.
This is another one that happened about two weeks ago. It was a company called one sec sonet
biootherrapeutics. Right. and they announced they were going to do a 500 and something. Now look at
that price action, right? That is horrible. You got no volume, nothing happened to the price prior
to that. Basically dead. And then prior to the announcement, there’s some volume picking up and
you can start seeing that people are buying right into the announcement. Before the announcement
is made that people buying, right? Then you see this massive pump in price. Obviously, that’s the
announcement. Mhm. And then complete retracement and now it’s down 40% from the actual announcement
at date. So the only people who could have made money buying that stock were people who bought
prior to an announcement and even then some of the people a few days afterwards had lost out. So it’s
just crazy. Um this is so this is basically just been just being used as a way for for insiders
to dump stock. You can’t we can’t say that necessarily. It can’t be proved. I mean maybe it’s
also retail who didn’t understand the instruments that were used in these particular cases and
decided to jump on. But guys honestly if you’re bullish on an altcoin rather buy the altcoin
in question. Hyper is a top tier altcoin. we you know we hold it but don’t go and like buy an
altcoin treasury rapper because especially if it is done in a way that take advantage of your you
know of your lack of knowledge of these securities in instruments themselves and the way these
deals are structured. Yeah. And there was also a little bit of FUD last week about the OG treasury
company and I think it’s important to point out that Micro Strategy is different and strategy is
different. Sailor is different. He’s a different beast. the the types of terms that strategy can
get for its debt is is way better than any any of these others and and Michael Sailor has shown
to be a diamond-handed holder in a bare market. That being said, last week they came out and
announced a new strategy for their for strategies ATM stock issuance for the commons for the MSTR.
And essentially the guidance is that if the MNAV, which is a multiple of net asset value, trades
below 2.5 times, which it is currently now about 1.7 to 1.9 times, they’re not going to issue any
more common stock to buy Bitcoin. Right? They may issue common stock to pay back preferred,
to pay interest, but not to buy more Bitcoin. So this kind of spooked the markets kind of
obviously strategy stock the sold off of this. There is the other argument that look strategy
uh preferred method of buying Bitcoin is via um is via preferred equity and debt and stuff
like that. So they’ll just use this the stock issuance to basically pay those back. But that’s
another factor to put into the treasury digital asset treasury tool you know. Okay box. So
I mean even with even with the the OG’s like strategy there is there is still risk involved
with these things and as you say Nick like you know if you’re this is the sort of thing that
you want to watch from the sidelines and just you know do not get involved with because a lot
of them are just pure extraction nothing more nothing less you know in order to pump up these
these company stocks often of companies that are you know basically heading circling the drain
already. Um, so this is something I think to, you know, to watch from the sidelines. And I mean,
I guess I guess the consensus is that, yeah, this is if this doesn’t necessarily cause the next big
crypto crash, you know, because these companies are going to be triggered into panic selling
by, you know, a sudden dip in prices. You know, they they may not cause the actual dip themselves,
but once that dip starts and these companies start offloading, precipitates it. Yeah. It’s going to
make it a whole lot worse. So, and that and you know that spark could come from from anything
really. Any exogenous shock. Yeah. Yeah. So, don’t say you weren’t warned. Exactly. In other
words, wall of fame and shame. Let’s go, guys. Okay. Um Jesus, bro. Oh, the Teletubbies. Imagine how
imaginative you guys are. Amazing. Teletubbies. Where that go? Beautiful. They make a cameo. I
watched that. I watched a great film recently uh 28 years later. Uhhuh. Uh which is like Britain
overrun by zombie hordes and it opens with the Teletubbies and then as you can imagine goes
goes gets a lot darker from there. Really good film. Wow. What an intro. So harrowing. It’s
so harrowing. Okay, let’s have a look at who is on the wall of fame this week. Now, this is an
important one. This guy, you might not recognize him, um, but you will have heard his name. This is
Roman Storm. Uh, and this is the guy who basically developed or one of the guys who developed Tornado
Cache. Uh, the privacy preserving mixing protocol built on Ethereum. Um and uh Roman was basically
has basically been prosecuted by US authorities um accused of uh many things facilitating um uh
sanctions evasion, facilitating money laundering, things like that. Um because basically this uh
tornado cache, this mixing protocol, this privacy protocol was used by bad actors, most notably uh
North Korea. Um, now this case kind of leaves the the the US authorities kind of leave aside the
fact that plenty of people use tornado cash for legitimate reasons. Um, and that privacy should
be a basic human right. Um, but nevertheless, uh, he is facing significant jail time if he is found
guilty. Now, this trial and this whole thing has been going on for a long time now. The reason why
we’re putting him on the wall of fame this week, uh, is that we could have a verdict in that trial,
possibly as soon as today. Exactly. Sometime in August. So, yeah, it’ll be interesting. And it’s
an important verdict because it could determine the, you know, trajectory of what happens with
potential future cases. Is code law? Is code free speech? Uh, and um, yeah, I it’s very important
case. Obviously, it could be an appeal appeal and all that kind of stuff, but Well, I mean, yes,
and uh listening to the guys on the chopping block talk about it the other day, you know, they did
say that if he is convicted, then he you know, a lot of people think that he has very strong
grounds for an appeal, but we don’t want that. We want him to be exonerated. We don’t want um you
know, we want these charges dropped. Um, and we’re keeping our fingers crossed because as Nick says,
this is I mean this would not only be personally terrible for him. Um, but it would also be very
bad for crypto as well and it would cast a very long shadow over you know developers and what they
can do and actually this would resonate out beyond just crypto. I think this is a really important
verdict. So do keep your eyes on this. I think this is something kind of overhanging the industry
as a whole and if um you know if he’s uh if he’s set free then uh then that would be great news
for him and for the industry. So we’re sending him all best wishes. Um and uh yeah this is this has
gone on too long this case. May the good fortune be with you sir. Yep. Absolutely. And then on the
wall of shame guys now this is pretty interesting. So over the weekend we got the news. Now, there’s
a Satoshi uh a Satoshi like an invisible Satoshi statue, right? That’s in Logano, Switzerland,
right? And apparently over the weekend it was stolen, legit stolen. And then how crazy is that?
Like in Switzerland of all places, right? Yeah. So this is Yeah. So this statue was put up I think
it was last year actually. Um Lagano obviously a real sort of hot bed of uh of crypto vandals.
Yeah. Vandals and of vandals. Yeah. I Yeah, that was the most surprising aspect of this
story for me. Um because if this had been if this statue had been put up in an English market
town, then it would have literally disappeared um the following day and uh and been found in
at the bottom of a canal somewhere. Um but for this to happen in Switzerland, this is truly
disturbing. Now, I thought those guys just sat around eating chocolate, building cuckoo clocks,
and laundering money. Yeah, I mean new new past time, you know, destroying Satoshi images. I mean,
Satoshi statues, but they did actually find it. Okay. Okay, they did actually find it. Yeah,
they’ve recovered it. So, thank God, you know, it was in the water. Um, so they found it, but
whoever stole that statue. Seriously, guys, what’s going on? What What What’s going What’s
happened to Switzerland? Switzerland, guys. What is happening? This is terrible. Okay. Well, yeah,
deservedly on the uh on the wall of shame. I mean, I suppose we could have put the uh the Department
of Justice and all the people prosecuting Roman Storm, but I mean, theft of a statue. Yeah.
Come on. What’s the world coming to? But he would have needed an angle grinder as well. It
must have been premeditated. They must have hated Satoshi so much. Speaking of which, was Peter
Schiff anywhere near Switzerland this week? Can Peter Schiff account for his movements over that
weekend? He may have been deposited some gold in Swiss bank vaults and then he thought to himself,
maybe I’ll go and sabotage. Funnily enough, he was allegedly spotted wandering around downtown Lugano
with an angle grinder. It’s all making sense. Now, I’m sure it wasn’t Peter Schiff. Um, but h yeah,
so that is the wall of shame. Whoever stole the Satoshi statue, thank goodness it has been found
and we can all sleep easy. Now, the fact that the Satoshi statue has been recovered, does this mean
perhaps um that if that can be recovered, then maybe alt season can be recovered? I do hope so.
Maybe that’s the good omen. Yes. Um well, yeah, alt season is pretty crazy because last week we
were kind of like alt season’s here. It’s amazing. And then of my god, that’s the scene we wake up to
and alts fell a lot more than Bitcoin. You know, the inevitable meme. Bitcoin falls by like 1%,
alts by 10%. Uh but it was a rough week. Bitcoin dominance started rising again above 60%. Um, and
ETH fell back below $3,500. There we go. I mean, Eric Trump, let me say Eric, did he did he
tweet about that? He did. He said he said buy the dips. To be fair, this time he may have
been close to the at least till yesterday till it started recovering. But there’s also
there’s some questions around could the $4,000 level here or the $3,900 level have been
what termed a quadruple top potentially? you know, this the fourth time ETH has struggled
to break through the $4,000 level. Um, I don’t personally think that, but you know, some
people were questioning that. Okay. Okay. So, uh, yeah, I mean, as as you say, it was it was a very
tough week. Um, now we’ve got some data from, uh, Coinlass long positions accounted for $77 million.
Um, and yes, so uh those those liquidations of those longs hit $754 million. And obviously
BTC, ETH, you know, major altcoins like ADA, Doge, Salana, all of these were affected. Yeah,
exactly. It was a real wipe out. And meanwhile, we’ve also got Wales uh selling as well. Um
Arthur Hayes being one of them. I wonder how he feels about the fact that everyone knows
when he’s everyone’s doxed his wallets, but I suppose I’m sure he’s got many hidden wallets to
be honest, but he was he was bill posting ETH to 5K like three weeks ago, so I don’t know. Yeah.
Well, obviously he’s changed his tune. So he s he offloaded $13 million in ETH, Pepe and ENA. Yeah.
Okay. ENA indeed as well. But guys, to be honest, like although the price action last week was at
the end of last week was quite, you know, aborant to be honest, as we mentioned at the beginning,
the amount of bullish news that was been breaking around the crypto industry, we we just can’t allow
that to to go unanswered. I mean, for example, the take a look at what’s happening with the SEC
guidance, for example, which we’ve got a video coming on in the next few few days talking about
what Atkins said, you know. Yeah. Yeah. Like, you know, and and again, I can’t underline enough
how how crazy this is in the context of, you know, how what the SEC was recently like. Um, meanwhile,
the SEC has also approved inind redemptions for uh for crypto ETFs. Um, so this means that
you’ll actually be able to get, you know, if you sell out, you’ll actually be able to get
like, you know, Bitcoin if it’s a Bitcoin ETF, Ether, whatever, which I think is going to make a
big difference. Yeah. 100%. And that could help to keep uh, you know, keep capital siloed within
crypto. Yeah. Doesn’t have to be converted to fiat back and forth. Yeah. And then also, can you
believe this? Coinbase last week partnered with JP Morgan of all banks to offer crypto to clients.
Is this the JP Morgan that is still run by Jamie Diamond? Yes, Jamie Darin of Satashi. Satashi.
What if What if Satashi comes back? What if Satashi comes back and and mints more coins? Maybe
he was in Switzerland. Maybe. H yes. Maybe it was a a shift diamond uh Diamond Double Act. Um yeah,
I mean I think Jamie Diamond still still hates uh Bitcoin, still hates crypto, but you know, his uh
his bank knows um the bank that he runs knows what side its bread is buttered on. Um yeah, crazy to
think. Meanwhile, um over in uh over in the UK, the uh the cradle of Western civilization, um
the Financial Conduct Authority is opening retail access to crypto ETFs. Oh my god, even the UK now
we know it’s going going to the moon. Actually, we don’t have a we don’t have an image for
this, but interestingly, uh George Osborne, who is a former UK chancellor of the excheer,
who I should say many people actually blame for the current situation that the country is in. I
won’t go it won’t I won’t get into that here but he actually wrote an op-ed in the Financial Times
uh saying that the UK had been late to crypto and was you know the first time around and was going
to be late it was going to miss out again and sort of this has actually got quite a lot of coverage
in mainstream UK media I think that’s just because it was written by George Osborne and there’s a lot
of people who like I don’t whatever this [ __ ] is saying I’m about the opposite do the opposite yeah
I suppose really crypto in the minds of many Brits actually probably the last person crypto wants
fighting its corner is George Osborne. Still, this conversation is being had uh so we could be
seeing positive changes in the UK. Um meanwhile, we’ve also got a timeline of uh of upcoming ETFs
as well. Yeah, Altcoin ETFs, Salana ETFs by Vanek, Bitwise, and 21 Shares. Yep. XRP ETFs, uh
Gayscale, Franklin Templeton Coin Shares, Dogecoin as well. Final ranges there. Yeah,
Grayscale’s also applied for a Cardano ETF staked TRX Tron ER ETF and then of course Ethereum
staking amendments and hybrid ETFs as well. Yeah, and of course like we talked about earlier,
we have all these DATCO digital asset treasury companies buying up alts as well. Um in fact
uh Mil City Ventures III limited sounds just like a DAT name. It’s most unrelated thing ever.
Well, I want to know what happened to Mil City Ventures one and two. Well, having now you’ve
got your answer. Now you’ve got your answer. Okay. Well, I’m sure there’s nothing to worry
about here. Um, but they’ve announced a $450 million really for a suitor and um, but anyways,
there’s also Wales is also buying especially ETH. So, there was at Arkham tracked this one massive
$300 million ETH OTC deal for Galaxy Digital and we also have the amount of mega whale addresses.
These are addresses on chain that have more than 10,000 ETH are are reaching all-time highs
according to glass node data. Yep. Yep. Um and um we also uh you know we could we could have the
Fed easing soon as well. Yeah, exactly. As you see um we’ve got this Jerome’s got his eyes on those
green candles hacked outside Fed headquarters. Um yeah, so there’s a lot happening guys. And if you
want more information as well, we’ve actually got a video over on more Coin Bureau that Lewis did um
Lewis, our new host and team member that looks at the Q2 and what could potentially come for Q3,
especially from an altcoin perspective. So, we will leave a link to that down in the description.
And if you guys are not subscribed to More Coin Bureau yet, well, just head on over to the QR
code right behold in my hands. Yeah. The holy QR code to the More Coin Bureau land. Absolutely.
And I mean, you should be checking out uh Lewis’s videos anyway. He is a great addition to the team.
Exactly. We’re really enjoying having him around. Very very knowledgeable guy. Um I’ve Yeah, he’s
been he’s been talking about some interesting trading stuff. Trading stuff and altcoins.
Some interesting memes as well. Yeah. Yeah. He’s he he’s quite degenerate. Yeah, he’s into
some degenerate degenerate stuff. There’s some degenerate altcoins out there. Okay. Now, if all
Well, let’s let’s round this off quickly because we need to try and answer this question. Is alt is
alt season over? No, I don’t think so. Okay. Just before the massive amounts of Fed liquidity coming
in, all these regulations, positive regulations, Bitcoin hasn’t tapped out yet. I don’t think ETH
still has more room to run. Look at all these digital asset treasury companies. So, obviously,
it’s not going to be as big as we’ve always said the previous altcoin rally in terms of total from
trough to from, you know, trough to peak, but it’s definitely going to we’re going to get more
liquidity. altcoins are going to rally, especially some of the best performing, but it’s going to
be narrative driven as well. You need to be a bit more selective in what you what you’re buying.
And also, don’t just if you have an altcoin that just hasn’t that’s been underperforming. And
even in the most recent rally, it hasn’t managed to catch a bid. It needs to be hard. It needs to
be reassessed very carefully if it’s going to be able to catch a bid in the next wave of liquidity.
Yeah. And one of the things I’m sort of focusing on now if if an alt I hold if it experiences an
absolute god candle which you know it does still happen um then I’m much more uh you know I’m much
more um you know open to taking taking some profit off the table at that point because obviously
you know we’ve seen so many retracements so far and I think this is something that you should be
thinking about for your own individual strategy not financial advice of course but you know if you
do it no one ever went broke taking profits and I think it’s going to be really important to try and
do that along the way. You don’t need to sell your whole stack. You can keep some back. There are
many way you you can DCA out in the same way that you DCA in. Um but yeah, you need to be you need
to be a lot more nimble. And if you are going to Uh let’s check the light count. Where are we?
How are we doing at the moment? 700. 700. You can do better than this, guys. Now, even I know the
maths for that. We just need another 500 likes. There we go. 500. Am I right? Yes, I am right. So,
another 500 likes and we will share some of that portfolio alpha with you guys. Um now, let’s have
a look at last week’s top performers, shall we, Nick? Yep. First one on the list is meme core with
the ticker just M. So it’s a meme focused L1. Uh and it’s a good breakdown of why it’s been
pumping by this post on X by Stacy Mr. Yeah, she’s a really good researcher by the way. She’s
one of the accounts I’ve followed religiously. Um posts a lot um and just yeah has a lot of
good research and knowledge and alpha in there. Um but yeah, there’s this uh there’s this moment
um there’s this memex liquidity festival happening uh today. Um and that seems to be the big reason
behind the pump there. Next up, we have Conflux uh CFX. This is this sort of Chinese uh layer one
that’s focused on stable coins and payments. Now, if you look at that chart, there was a massive
big pump on Tuesday. Um and looks really organic really organic organic chart that organic you know
organic grass-fed all that sort of stuff. Um now the only thing the only announcement I could see
that might have caused that was a partnership with Anker X uh which they tweeted about on Thursday.
Um this is an Asian fintech firm and I believe this is sort of uh maybe working on a um yuan or
reenimbi based stable coin. Yeah. Next one on the list is four or ticker four. So, it’s a gaming
and meme memecoin platform and it’s hard to say why it’s pumped so much, but it went vertical
on Tuesday and the same day they they tweeted a pic of a cat driving a car. So, interesting.
Coincidence? I think not. Okay. If you know, if in doubt, just just a meme. It’s a meme.
Yeah. Yeah. Okay. Uh, Toncoin is next. Um now, uh this has been sort of less God candles on
this sort of more slow steady accumulation. Um I think this might be related to the launch of
Tonstaking on Binance. That’s my best guess as to as to why Toncoin has there was a lot of
excitement around Toncoin about a year ago, wasn’t it? It was. And it’s sort of it’s sort
of struggled since then, but there is, you know, they’ve uh they had the integration with Athena
USD yields uh via Telegram. So there is a lot of they did have that recently that kurfuffle
around the Dubai golden visa thing. Remember Oh yeah. Oh there was that Yeah. All that
fake news that you could buy a golden visa with tcoin. Didn’t really didn’t really check up.
They didn’t actually confirm this with the actual immigration authorities. Yes. Yes. Interesting.
Yeah. Well, it’s uh it got people talking about it at any rate. Okay. And we also have uh another
top gainer this week is Story uh Story Protocol uh ticker IP. Um, I think the launch of the
Grayscale IP Trust probably did this one. Yeah, indeed. Been quite a strong performer recently.
Yeah. Bring on the tweets for the week, guys. Okay, so first up, can you explain what’s going
on here? So, now this is not really a tweet, although I did see this on Twitter. It’s a
screenshot of I think this is a Tik Tok comment, and this guy says, “Me when XRP hits a
thousand.” And then one dude says, “In 2078, you will be too old for a Lambo, dude.” And then
he says, “You’re right. That’s why your daughter will be driving me around.” That XRP army,
that that guy, he’s not taking prison. Like, he’s literally he’s he’s he’s firing ahead on
Flanders. The XRP army give as good as they get. Um, meanwhile, still on the subject of the
XRP army, um, Agent Chud posted this. This has this contains my I I think this might be my
favorite phrase of the cycle. Um so this is uh this is a classic you know someone’s someone’s
brother um is looking to do something in crypto and uh has uh got some independent expert advice.
Um so they’re talking about buying XRP. If I buy $300 of XRP now at $3.15 and it goes to 10K each
where the experts say it needs to be to operate. Yeah. because it will not it will not work at
9,999,000. Why why did not enough people talk about the fact that XRP cannot operate unless
it’s at 10K? It’s hardcoded, man. It’s in the code. Like Bitcoin’s hardcode 21 million
limit. XRP’s ledger will not operate unless it’s $10,000 a coin. I just I love that. It’s
like, oh, so why does it need to go to 10? Well, that’s where it needs to be to operate. Duh. Um
I love that I might get uh where it needs to be to operate uh on a t-shirt. Um that is that is
brilliant. But the response is also hilarious. It’s like kind of unfair to him that you post
this alpha publicly before he made the trade. Look, XRP can still do very well. I you I I
sometimes this set me off. I was like, what would a world in which XRP goes to 10K look like?
Flying cars with all the Uber drivers. Basically, the world ruled by Uber driver, retired
Uber drivers, I should say. Um, yeah, I kind of feel it would be, you know, it either
be like that, sort of glorious techno future, the flying cars, everyone’s sort of wearing
white robes and just sort of drifting about, or it would be like the opening of Terminator 2.
Yeah. I don’t think there’s any middle ground, one or the other. 10K 10K XRP. Next tweet, this
is one from ours personally. Um, did you see the news over the weekend, guy, that apparently
China has banned Bitcoin yet again? Again, again. And this is such a fitting meme for it
indeed. Every single year without fail there is the China bans Bitcoin. I I know. Where did the
I couldn’t I I couldn’t track where this had come from. Suddenly everyone was talking about China
bans crypto. I was like I just we also need the Korea bans crypto as well. I mean Korea Korea FUD.
We need that as well. And and the really annoying thing is that China never actually banned Bitcoin.
Like they you know they put restrictions around trading it. Like they they certainly didn’t make
it easy. But this idea that crypto that Bitcoin or whatever is banned in China is just is simply
not true. Um there’s a lot of nuance that in fact we did a video about it a while ago. Um but
it’s it’s an interesting situation. But uh yeah, it China has not banned Bitcoin uh for the eighth
time or ninth time or whatever it is. Okay. Uh let’s have a look at the next one. Uh oh, okay.
So this is from Coinbase. Um this uh this is an advert that they posted. Yeah. um which did not
portray the dear old United Kingdom in the very best of light. Not at all. No. Although I will
say I think they could have gone harder. It wasn’t very representative of the current plight that is
faced in the UK. I mean where’s the road men with their hoodies stealing people’s phones with the
machetes? Okay. Yes. Where where is the police, you know, going arresting people for posting
memes, you know. Um, and funny enough, talking about being able to present like
unapproved information, this was supposed to be on the UK televisions, but they refused to
allow it. Yes. They had to post it online. Yeah. Yes. Which is sort of making Coinbase’s point for
them a little bit. I got to say, I watched this advert and anyone who hasn’t seen it, it’s kind of
all singing, all dancing. Um, basically people in the UK just sort of putting a brave face on the
fact that everything is supposedly bloody awful. um which you know in a lot of cases it is um I
this sort of triggered me in a not a good way. I think it was a bit of a cheap shot. I felt
it was also sort of like, you know, it got to the end. It’s sort of well, you know, you can
see the tagline there. If everything’s fine, don’t change anything. Coinbase, it’s sort of
like, well, I kind of felt anyone watching that who didn’t really know what crypto was or wasn’t
really didn’t really know what Coinbase was would have sort of watched that and gone, well, how does
what I download Coinbase and suddenly everything’s fine. No, you there’s a hidden message within the
video, guy. You missed it. The main message was when there were these two people pitching up with
a car and and convertible, they were leaving for Dubai. So there was the in there’s the advert.
There was a it was a subtle um advertisement for moving to Dubai. Just Yes. Yes. Quite possibly.
Um Yeah. And um well, I mean the fact that the ad it just it it it didn’t really sort of it sort of
like I said, it felt like a bit of I mean yeah to I I will agree with you although we don’t you know
we have our qums with the UK and and stuff like that. Uh but I will say that it is it was slightly
unfair. Can give give something inspirational. Give some hope. Let them know maybe use whole buy
bitcoin save your you know worry about inflation or financial security or or permissionless
networks but now just you know oh you know where this it’s like a like what the ‘ 70s version
of like the UK right with all the Yeah. Yeah. It’s like it’s not that bad. I mean it can sometimes
be that bad but it’s not that bad. Um I feel I should stick up for the old country uh a little
bit. Um, sometimes, not always. Um, okay. So, that is Coinbase. Well, they got us talking about
it. It’s kind of worked in that in that regard, hasn’t it? No publicity is bad publicity. Um,
and we also have this one from this tweet. This is great. This is such a good use of that
picture. They were buying NFTTS again and you didn’t think it was a top. Oh, 100%. But I’ll
tell you, when they start bidding the the the board apes again, then that’s it. That’s it. Call
it in, guys. Sell it out. That’s it. Over. Yeah, that was yeah, that that’s that’s a very good
point that they make there. Okay. Uh any dates for the diary that we should be looking out for?
Only really one on the economic front and that’s on Thursday. We’ve got initial jobless claims. Um
and the expected number is 221K and the previous is 218K. Um I wonder if the BLS is going to come
out with a a massive revision down or Trump’s new BLS head is going to come out and say there are
no jobless claims. No, no, no jobs. No jobless claims at all. Everyone’s got a job. Yeah. Yeah.
Let’s see. Let’s see. Okay. How are we doing on the on the old likes? We’re on 900. 900. H. Okay.
So, that’s 300 to go. Thank you. Thanks, whoever was doing that massively off camera. You could you
could hear the cog the rusty cogs churning around. Okay. I mean, they try. We should just give them
something, right? Like, I think we should give them full on everything, but Yeah. Yeah. Let’s
go. Okay. So, um All right. Do you want to do you want to talk a bit about your portfolio first
or should I? Yes. Uh you go first. Okay. So, if we can bring uh my portfolio up on screen
there. Obviously, this is available to members of the coin bureau club. Um you can see I’ve got got
quite diverse holdings there. Very um Ave top of my watch list, although I haven’t actually bought
any Ave recently. So, I bought uh I bought three particular I added to my positions. I already held
uh these coins in my portfolio and I added to them over the weekend. So, I bought some more ENA. Um,
we talked a lot about ENA. It’s I think it was one of the top performers last week. I think Athena is
a great platform. I’m I’m using it. Uh, I’m I’ve parked a lot of stables there in USDE and I’m uh
using ENA to sort of boost rewards on that. Um, I’m very impressed with how, you know, how they’re
doing it. I was I first bought ENA after the buy bit hack um which was a big sort of test for it
and I just think it’s a really cool platform and it’s doing great things and like you know their
metrics are all going up and to the right so I thought I was I thought I’d add some more you
know I know you uh talked about maybe doing as well I know you were a bit buttth hurt about how
you missed out on it early doors um so uh you know that’s that informed my decision um I also added
some syrup now this is maple for finance. This is um this is kind of an institutional ave is the is
is the sort of you know it’s an OG project though, right? It’s been around since 2020s, right? It
has rebranded and stuff. It really struggled uh in the wake of FTX. We also covered it for
our Coin Bureau Club members. We did one of our in-depth reviews. Um a very interesting project.
It’s been performing really well recently. It’s retraced a little bit. Um but they did announce
some new buybacks. Uh I think this is one of these projects that is going to keep generating
revenue. It’s it’s got good Tradfi connections, good crypto connections as well. Um, so I’m
very bullish on that. I already held some and I added a bit more over the weekend. I think
it went up a little bit actually as well. Um, and the third one is something called Mammo. Now,
this is an AI agent money manager. Um, this has got very close ties to the base ecosystem. A
very easy, uh, very usable dashboard. Again, um, allows you to earn yield on your USDC. um
it might do other stable coins at some point, but USDC at the moment. Um we again, we covered
this for our Coin Bureau Club members. Um a risky project, a much lower market cap, so there’s a
lot more risk involved than with the likes of, uh Athena and Maple Finance, but I thought it was
really interesting. As you know, I’ve been bullish on AI agents for a long time, and uh this is a
project that’s got incredibly close connections to Coinbase. Um and I think it could, you know, maybe
get a listing there at some point fairly soon. So, that’s those are three coins that I’ve uh added
to my holdings of. Sweet. And then the other ones, they’ll have to they’ll have to join the club to
get that info. Right. Exactly. If you want to know what else I’m holding, if you want to know uh some
of the absolute dogs that are in my portfolio as well, then uh Coin Bureau Club members are the
ones who know that. What about you, Nick? What have you been up to? Not necessarily the best
selling point if you got dogs in your portfolio. Look, there are there are more, you know,
everyone’s every portfolio should have it. Thank you guys so much for the image. I mean, amazing.
Um they I should approve on these beforehand. Very good. They got a stock veritable, you know, smogus
bought stuff they can use from the thumbnails. Um, so in terms of my stuff, well, uh, so obviously
heavy very heavy in Bitcoin. Have been for quite some time. Picked up three quite some time ago, so
I’ve held that for quite a long. Okay, I did um, and it’s not it’s blurred out here, but I’ll say
it. You can obviously tell that the third logo is a Hyperlquid logo. about three about four
or five months ago I moved I sold all my soul and bought hype and that’s been pretty good so
far in terms of the you know outperformed hype has outperformed soul um and more recently I’ve
been involved in terms of stables I hold a lot of stables right now just keeping it dry powder
okay and I’ve been doing like uh yield farming on hyperlquid and the hyper EVM ecosystem so doing
things like delta neutral strategies and obviously farming the hyperlquid airdrop as well as other
projects within the hyper EVM um um ecosystem. I also do have Athena on my watch list. I picked
up a long position in a per long position like a few days ago in Athena. Yeah, that’s good.
It’s going well so far. But like spot-wise, I I’m really like I Athena. I do like I think
Ena’s got a lot of potential this cycle. Haven’t picked it up yet, but I’ve got the exposure in
the long. Okay. Um, and then I may as well say that in the other watch list on my other part of
the watch list is Potensil. Oh yeah, Potensil is really obviously in terms of AI related cryptos.
I think it’s one of the top with potential because it’s also adjacent in tokconomics to Bitcoin and
it’s got a lot of the big backers behind it. So, we’ll have to see. I’ve got a few price targets
which I’ll allude to and you guys can check out in the club. So, yeah. Okay. Now, I just want to draw
the obvious uh the obvious conclusion between our two portfolios. I just want to ask you, Nick, you
know, my portfolio, I’ve got quite a few coins in there. Not as many as I I should say as our head
of research, Dan, who literally every time I look at his portfolio, I get I I I just get nervous
and I get the jitters get lost in that a lot. Um, but you know, he spends literally his entire
life in in immersed in crypto, so he can keep track of it. But Nick, you’ve gone for a very
sort of a quite minimalist strategy. Yeah, I believe in um high league, high conviction,
concentrated bets. uh you know just focus all my attention on those that I think have the most
potential and then also willing to trade out fully if in it right for example soul I could have yes
held a little bit of soul and continued because I I still do think I’m still kind of bullish on soul
in the long term but price action wise I just saw that I think hyper hyperlquid had the upper hand
oh I should also now I won’t say now I’ll leave it in the discord you guys can go and become a club
member to go and find out what it is I did pick up something else that I would you’d be surprised
by recently as well in oh god I’m going to have to ask you this off camera. Interesting. Very
interesting. Okay. So, yeah, those that’s a sort of uh you know, that’s a bit of an update on what
we’re doing uh with our portfolios at the moment. And as Nick says, he prefers to go he prefers
to go big. Go big or go home, bro. Go big or go home. 100 nothing. There we go. All in, bro. Um I
I I take my hat off to you as well because I hold Hyperlid too. I hold some hype. I think I bought
it after you did. Um but I too sort of thought about you know farming it going on and every
time I looked at because there were any number of tweets breaking it down how to do it and every
time I looked at them I was just like oh I cannot be bothered. Yeah and to be fair it is kind of
risky to a degree because I hold a high position like long and then also I’m doing the farming with
all my a lot of my stables right so if there is any sort of a hack on the hyper a hyper core or
something or and in in that ecosystem that’s bad. So, I’m thinking potentially to and I’ve I’ve done
that already. I’ve unstake some of my hype and I’m going to potentially go and put some in SUSD
because now the yields that you can get on SUSD are pretty strong. Pretty pretty high in terms
of compared to what they were in the past and the yields I’m getting on these hyper strategies
aren’t as strong as they used to be. Yeah. Yeah. Okay. Um so, well done for you for for braving
those waters. Like I say, I just every time I looked into into farming Hyperlquid, I was just
like, life is life is too short. But definitely a lot of opportunity there if you have if you
have the time and the inclination. Um, let’s just quickly go through some of the comments. Now, Dre
5110, one of our wall of famers, uh, power user, seems to have a bit of the young Pierce Brosman
going on. I couldn’t think I couldn’t think in which of us this was relation to. I think it’s
Pierce Broman. Yeah, I’ll I’ll take it. I’ll take it. You take the one. You got that one, bro.
Um, Tibo who has uh uh com great comment before. New duo for next week, Point Break, Kiana Reeves
and Patrick Sees. This has been staring us in the face all time. We should we should definitely,
you know, Nick’s got the hair. I obviously look exactly like Kiana Reeves. Have the same sort of,
you know, same sort of laid-back vibe. Um, okay. What else? There’s a lot of, like I say, a lot of
talk about Juventus. Um, oh my god. You know, uh, what else? Um, UK is great if you are from a third
world country. Poor poor. Oh. Oh, shots fired. Are you going to take that guy? I’m not I’m not going
to take that lying down at all. He’s going to fire back from his comfy seat here in Dubai. Yeah.
Ouch. Okay. Uh, meanwhile, Y has uh has rumbled me. Guy is poor. He de DM me every day asking for
money. Yeah. And you never send any Y. So, I don’t know what I don’t know what you’re getting getting
on your high horse about. Um, disgraceful all the time. always asking so politely as well. All the
education this guy’s doing, you can’t respond to his DMs on Telegram, on Instagram, on on Twitter.
It just won’t do. Um, Domingo Flores asks, “Isn’t Ena having a huge coin unlock soon?” I think it
might have been today. Certainly certainly one coming up. One coming up, but I mean these are
usually priced in, guys. Generally, they tend to be, right? Yeah. Yeah. Um, someone commenting
why I why my portfolio is so so diverse. Guy just loves cryptos too much. She likes to collect
different coins. It’s like Pokémon for him. Got to catch them all. I’m not going to lie,
there is a kind of element to that because some of those projects in there I bought like I’m
so interested in a shiny coin. I’m going to pick up this shiny coin. Put it in my portfolio. Puck
into my portfolio. Yeah. I did it in that voice. That’s the voice I use. That’s the actual voice. I
sit there. Oh, look at this. I’m going to buy it. Um, okay. Okay, we’ll leave it with this one
from Martin because I just thought this is a really lovely comment. Monday is my most favorite
show. You guys rock and are the high priests of cryptoverse. You all should be kned and receive
a Nobel Prize for these efforts, brother. There we go, man. Couldn’t have said it were better.
There we go. Where’s my knighthood? Nick can have the Nobel Prize. If you give him a knighthood,
you’ll move back to the UK. Yeah. Sir Guy. Oh, Sir Guy. There we go. I tell you what, Mrs.
G would love that. She would love to be Lady Guy. That would that would get that would get
me in the good books. If you get kned, does your significant other get Yeah. Oh, interesting.
Cool. Something to think about. Package deal. Oh yeah. Okay. Uh well, that was great. Thank you
very much, folks. Thank you for tuning in. We will be back as ever next week. Let’s hope the
markets have have recovered somewhat, but it is great to spend time with you guys. Keep a lookout
for all the other content coming your way. Nick, it’s been great to see you. Indeed, it has been.
Good run. Nice guys. See you next week. Speak to you next week. It’s guy and the other guy. Nick,
aren’t the nicest people in crypto? You guys and your chuckles. You’re hilarious. Smooth Nick. It’s
nice to see the light in crypto again. Now this feels like when your dad shaves his beard. New
drinking game. Hit it every time guy mentions he holds me. Love the co guy upgraded t-shirt.
It’s about time. Fabio is filling in today. Much uh much bigger mirror than
some people have got. You’re always comparing. We always have to compare
everything but competition with you. Well, that’s that’s just that’s life, Nicholas.
Sometimes that’s just the way it pans out. Please, I’m reading my Arabic. I’m feeling
my Arabic. Sorry. Sorry. Hate to interrupt.
