Markets Dump: Bitcoin Falls to $66K, Hyperliquid Slides, Trump Signals Prolonged Iran Conflict, Drift Hit by $280M Exploit, and SpaceX IPO & Prediction Market Alpha Build

Hey, everybody, great episode of the show. Today we break down all of the news from the last 24

hours in the crypto market as it was a bloody day for crypto Bitcoin cratered back down to 66K,

height 135 dollars, Solana in the 70s, yet again on a tough day overall for the market. Trump's

address last night we broke it down. He said there's two to three more weeks of fighting in

Iran at least. No signs of an end. This cratered equities markets, oil markets surge, crypto

markets took a beating. Also, over on the Solana side, Drift Protocol was exploited for $280

million due to a phished admin key. The hacker converted the funds over to Ethereum in hours

following the exploit we break down this and we give a full rundown on what happened. We talked

about SpaceX's upcoming IPO, timing, valuation, what the ticker could be, and some prediction

markets around it. We talked about some other prediction market alpha as well. Some plays that

easy has been taken. We broke down a number of different smaller stories in the space and we did

some stalsha recap from the early 2000s with some TV shows that we used to watch. A lot of fun

entertaining on a day when things were tough in the market. Hopefully you enjoy it. Have a wonderful

Thursday. Good morning ladies and gentlemen and welcome to another episode of the Daily

Bone podcast where we discuss all things crypto markets. That includes the majors like Bitcoin

Ethereum, Solana, Mimcoins, and of course, NFTs. They were going to discuss the fallout after

Trump's address last night. We're going to talk about Drift Protocol's massive exploit and

SpaceX's upcoming IPO as we sent men to the moon yesterday. If only we could send our crypto

bags there as well. Thank you, each and every one of you who is listening today, if you're listening

over on X, give us a like, give us a comment, bookmark, retweet, push us out there in the algorithm.

If you're listening over on YouTube, drop a comment. Let us know what you want to talk about today.

And if you're listening over on Zora, we're restreaming each and every day. Drop a comment. We'll

be reading those as well. I'm joined this morning by Easy. Easy big day yesterday, very turbulent day

in the markets for you up last night watching the Trump address. You're muted. We live streamed it.

Oh, nice.

Not ideal scenario playing out there. Basically, we came into the guy came in kind of rambling

the app in Bolshin. The usual thing, what was crazy to me was it was very scripted if that

makes sense. Like it was very much a 20 minute speech exactly as they had it drawn up, no rambling.

And that's it. Just like a little bit of rambling around like coming in. He's like, we killed him.

He was a very bad guy. He was not so nice. But like outside of like like little bits and pieces,

it was like you predicted. It was like directly to the script.

Yeah, it was there was no sugar coating. Yeah, our time was watching the stream. I was like,

fade this first move, which we did. It bounced slightly. Then I just went short. I was like,

I'm short and I'm going to hold shorts because like oils gig are ripping right now.

It was absolutely sending last night when I was watching the chart. It went from like 98 to 105.

104. So it was just pushing so hard. Yeah. So I sorted hyper liquid and soul. I ended up

cutting the hyper liquid one for like the smallest amount of profit ever. But this a lot of one is

up big. Like that one was great. I was very happy about that. Yeah. And you have like external

factors working on both of those two that are like exacerbating because you have the hype on

locks. And then you also have a big exploit on Salana yesterday. The drift protocol with a large

amount of TVL being ripped away from drift and proud of Salana. I was crashing out because the stream

can't have a ads pop up watching it on YouTube. So like an ad would pop up and I had three words

that I took yesterday. If you remember for the $100 account I had. So I was like, I had to like

really watch and make sure he didn't say this shit. So I'm like crashing out there and it freaking

out. And that we hit all three, which is sick. I was very happy about that. He didn't say bibby

and Yahoo. He didn't say fake news. He didn't say make America great again. So I was pretty content

with how we traded it. Yeah. Can't really be too mad about it. But the ads made me like fully crash

out. I was like, what the hell is going on here? This is absolute dog. What freaking out?

It was the most concerning thing. Damn, I'm actually shocked. Sold down to $77.8.

Our entry on this short was $79.8. So $2 full dollars with leverage. Nice trade.

I'm probably going to cut this soon. I think this thing we continue to have selling here.

I'll handle down here. Yeah. Well, it's as it's market open in 21 minutes, which is going to be

the big thing. I think the S&P is going to just sell off hard as fuck. It's down one and a half

percent pre-market, right? 1.5 on the S&P, almost 2% on Nasak. Yeah. So you're going to gaff

down wicked hard, which will bring everything else down even further. I don't know.

He's salon is at at local support here. What is? Yeah. I mean, I look at a bunch of these charts

and I'm like, yeah, we got it. I'm content hitting this trade, right? I'm fine.

I'm shorting E2. E2 held up a little bit. I mean, E2 was leading. That was the crazier part. Look

at these charts. So this is what I had drawn from, is this March, yeah, March 30th to April 3rd.

Bitcoin, this was my line in the sand. We literally tapped off of it, which is right here.

April 26th. Oh, April 1st. Sorry, April 1st. We tapped off of my line to

go long to not close above it twice and just rejected hard. So now I'm looking for Bitcoin at

like 63K. ETH, we actually hit all three logs through the end of the month. We made this on

the 30th. So right here, March 30th, big sell off. You can even go like here all the way up.

It waked all the way up. We're now rejected, right? Literally off of our third take profit.

So like the support resistance, people say TA is fake. Shut up idiot. Look at these charts.

This is good. Soul. Soul has some more selling. But I'm worried that you have a relief bounce.

Like 75, 73 is where my line is. You can see we actually wicked off that bottom before going up

into the take profit and then rejecting hard. But even look at these dude, look at these

wicked bounces. Like the four hours great. Right above it. Started right below it. Right above

this one. Like where they close. It just works right there. Yeah. I'm like spot on and these

like I said, we're drawn on the 30th. So it's not like I could have predicted where these

fucking lines are going to go. Just how I trade it. If I'm shorting anything, I'm shorting

ETH here for a small scalp trade to just under 2K with a bigger swing down to 1960, maybe even 1900.

Bitcoin down to 63K is where I'm looking. Bitcoin's like a much worse chart. And then the S&P,

I actually had charts from last week that I'm still holding on to because I like those ones

where I think the S&P goes down to 6K. Yeah. I mean, you had a little bit of a bounce there. We

had some hope yesterday. But that's basically all dashed at this point. So I can see. I mean,

you're opening up a gap low now too, which is not good. I don't know. I sit and watch this and I'm

the more I think about what Trump said, the more I'm like, this is not good, dude. Some people

are like, if you didn't read that he was comparing it to the other wars because he's going to end

it very soon and I don't know what to say to you. And I'm like, okay, my argument is every single

day we've heard we're almost going to leave. We're almost going to leave. We're almost going to leave.

And now the dude is saying that if they don't sign a piece deal, he's going to blow them back

into the stone age. So like, and on top of it, he's calling on all the other

and I think EG is getting involved and forcefully opening the straight-of-war moose.

So that's the other thing is like on top of saying you're going to blow this country. Huh?

I said, they're not going to do it. They're not going to other countries aren't jumping in.

Well, the UAE is. Yeah, I mean, that makes me answer the drill. So the big thing too, though,

Israel is now also like beefing with NATO countries. Like France and Spain is like,

there's issues there because they won't let them use airspace. Like, that's why I keep thinking

about just what was said. And reading through my comments about like my last crashing before I went

to bed, I said, they compared to how long I've been in Iran. That was not okay. Yeah, like all

the stuff. It was an emphasis on this. It'll be much faster unlike the forever wars of the past.

If you couldn't pick that up, I don't know what to say. I don't agree that that's that's the consensus

here. Maybe, maybe we could a year would be great. But the dude saying we're going to be out in

like two to three weeks. He said that two to three weeks ago. Yeah. Oh, it's a good point.

It's like you tell someone you're going to be there in 10 minutes and you keep pushing it back

by 10 minutes. Yeah, I don't know. I mean, and so much goes on behind the scenes. Like, this could

all be posturing. Like, maybe there was a deal in place that fell through yesterday. He's pissed.

Like, he wants to, you know, become more of an aggressor. And then like, I think as things get

like more aggressive and and you see them use that language. Like generally, I've seen

you're closer to the end in the beginning. But who knows with what he's saying? Because he is just

all over the place. And like, we really can't know what's happening without being behind the scenes.

That's what makes this market such a nightmare to trade. You could say it's going to go on for

a year. He super extended and like, it could end tomorrow for all, you know, this morning,

they bombed the house of the guy who's been negotiating for Iran and like killed his wife.

You can't make this shit up, dude. Like, could you imagine that? Like you, the one person you need

on your side. And you're like, Oh, yeah. Like, that's not the situation you want to be in.

Yeah. I feel like we're like such a different age now because like all this information is public

and like, it's all just like leveraging public opinion and geopolitical opinion and who knows

what actually is the case. Like people are saying what they say doesn't matter. Like because what

they say from day to day just changes. What they say from sentence to sentence changes.

The Trump or Randall, we're winding down. We've hit all of our targets. They have nothing left.

There's nothing left to hit. We are about to go and launch a full scale assault and put boots on

the ground and like the next end. So it's just hard to take anything seriously, whether it's positive

or negative and it's just like tough. I just have zero confidence in anything with this. Like

zero confidence. Yeah. Yeah, I think like it's maybe net short is best, but I feel like I

could get blown out going short as well too. I'm still just taking short-term trades. It's a

news headline. Also, you want to watch a one a one minute and 45 second movie real quick. Yeah.

I work for myself now as a full-time investor. I mainly focus in crypto assets. I promise,

man, this ain't the problem. Yeah.

What do you think about an open relationship?

We guys, this is my boyfriend Mike. Hey, man, nice to meet you, buddy.

The hospital expenses end up needing to be out of pocket. Is that something you feel like

in your family could handle? Got to go. What clothes you want to sell, buddy? Got to say dad, okay?

How much is it to buy the house?

I'm trying to find my girlfriend, a chance of crypto, a door at her house, by the way.

Okay, I'm a bit of movie about it. You didn't ask me. I don't want to do this.

What do you teach me? Crypto?

I see someone all on on the set of TXJ's little market cap with that 10 million with heavy

leverage is revolutionary. I don't want to say 300, 20 or over to Ron.

I want to see this.

I don't know how I find this stuff, but yeah, I bought it on my timeline.

I'm excited for it.

I would feel like there's screenings and dates and cities. Is it anywhere near me?

Is it actually going to be a movie? Yeah. Is it AI?

No. They actually made the movie. I thought it was just like an AI.

That's the guy. He's not like big. Dude has 800 followers.

Like, can you teach me crypto? Maybe I can't tell anymore.

It doesn't say made by AI, but it says screenings start this weekend, get your tickets,

and it's all Alamo Drafthouse. Interesting.

Interesting. I want to go see it. You're going to go into Texas?

The account name. No, I can drive like an hour and a half south and go see it.

It's cool. Brandon D is the account name, by the way.

Brandon D Brandon daily. I mean, the dude lost 65 grand on crypto

shit coins. It made the movie us here. It's all which is wicked funny.

Award when award losing filmmaker, Chicago Illinois.

I just finished writing a pilot. Dear pilot. Thank you for taking the time to read this.

This guy's kind of funny. Oh, he's pretty funny.

It really is. Like, are they really doing screenings?

So definitely don't figure out because it says screenings start this weekend,

get your tickets, positions, screening dates and cities.

It's all Alamo Drafthouse, which is it's a very good theater.

But it says made with AI. I don't know if that's just because the image was actually made

with AI and it's not a real poster or if this screenings is not legitimate.

There's an Alamo Drafthouse in every city.

Most. I didn't know that. Never heard of it.

I mean, there's not one near you.

Yeah, I mean, that's fair.

So not every city, every major city.

Interesting. I don't buy this.

That's what I'm so torn on it. I'm like, shit, man.

I'm like, get larped, but I want to see this.

I like how you just retweeted me.

Because I quoted it as like, I don't know why, but I feel emotionally invested in watching this movie now.

That's really funny.

That's great.

We'll have to check this out.

Yeah, I love the watch that. Love a good crypto movie.

I'm really excited about the FTX on Netflix to see what that's going to end up being.

We're going to be end up seeing the, uh, the, uh, the, uh, uh, Hama orgies there.

Like, what's going to be going on with that TV show? That's going to be wild.

I mean, I heard you start watching industry.

Great. Yeah, I did. That's an unreal, unreal recommendation.

I turned that on and I was like, holy shit.

This is beyond wild way.

The first season is definitely the most like absurd when it comes to,

like, the sexual innuendos and the actual acts of sex in the windows.

The actual acts of sex.

The first season's way overboard with it.

And they definitely get more tame with that as like, I'm on season three.

I haven't finished yet.

Season three, it's like completely different show that's way more plot and story-oriented

and story-oriented.

And I'm like, okay, this is some good shit.

Like, it's a trading desk.

It's shit.

The fan.

Like, I'm way more into it.

I feel like I can watch training desk movies and shows all day long.

Like, I can throw that like, um, like margin call, like, wolf of wall street,

all that stuff, training places.

And anything training desk related, just love it.

Uh, sorry, I'm responding.

I'm responding to Brandon Daley, who's not my new best friend.

Yeah, you got to figure out.

Yeah, I do the research, figure out this is actually real.

So I commented, I said, is this real?

I mean, I asked because I'm generally going to want to watch this.

He said, it's so, so real, my friends.

I've done this to work and I'm by tickets for this training.

Like, if it's real, I want to go see this.

Once for 22, uh, three weeks from two days ago.

Uh, it's a Wednesday, cool.

Okay.

Okay.

Circle out in the calendar.

Yeah, I'm going to have to.

Oh, dog is also at the crypto screening on a Wednesday.

Um, that's the most crypto should I've ever heard.

The middle of the day, Wednesday.

We've been yapping for a while, easy.

I shot over the, uh, weather report in the private chat.

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That being said, let's hit a little weather report action here.

Easy.

Today is April 2nd.

No longer April fools.

And what Trump said last night was certainly not a joke.

The majority of the Senate was big cratered.

The majority of the major is cratered.

With Bitcoin back down to 66K,

Ethereum at 2000, Solana below 80,

and a hyper-liquid back under 35.

Over the past 24 hours, during his address to the nation,

Trump said he plans to hit Iran so hard over the next two to three weeks.

But they'll lose their pants.

I didn't actually say that,

but he did say he'll return them to the Stone Age,

as well as hit all of their power plants.

And on top of that,

wiped them into oblivion with no sense of being able to come back from it.

Bars.

Oil prices surged over 108,

and the US equities fell almost 2% pre-market as there's no end in sight

for the Middle East,

specifically the Iranian conflict.

Next up, Drift Protocol was exploited for $280 million

with a fished admin key.

The hacker converted 267 million of hacked funds to ETH

and the hours following the exploit.

Zach XBT called out Circle for failing to freeze the funds quickly after the exploit.

It would also appear the hacker.

In order to get these funds,

launched a meme coin,

put it into a liquidity pool,

adjusted the amount that could be borrowed against it,

and then ultimately borrowed basically the entire treasury against it.

Chaos.

Finally, SpaceX filed confidentially for IPO yesterday.

The IPO is expected to launch in June,

and will target a $1.5 trillion evaluation.

Not surprising considering the prediction markets had a July IPO at 70% chance.

Things we love to see.

Excellent weather report, as always easy.

Let's take a look at the SpaceX IPO market.

IPO buy.

94% by December 31st.

That feels pretty good.

Filed IPO buy.

Let's look at this market too.

SpaceX IPO buy.

That's the first one.

I'm opening up a couple in different tabs because I want to have them all loaded.

IPO buy.

So 1% it's going to IPO by the end of this month,

or percent by the end of May,

42% by June 15th,

69%.

You take that June 30th strike off.

I can take it.

Yeah, 69 just hammer it.

You take that strike off.

I can take it.

69% June 30th.

This is down.

Down.

From a week ago, I guess it's because they could they could happen in what?

The up significantly from 50 to 69 over the last day,

over the last week, it is down.

So however, which is odd because you would think that

if people felt pretty confidently a week ago,

it's 78% what happened by the end of June.

And then within the next week,

they announced that they're actually IPOing in file for it.

It would be harder than this.

So this tells me maybe I got to look at that IPO filing and see exactly

what the language is and see how long it would take to get.

Get going.

Speaking of taxes, I got my official.

What is out?

Let's go.

I'll tell you what somehow I beat the deadline.

I don't know how the deadline for extension.

Well, April 15th, I have my number.

I can just go for the extension.

Like I can file you don't even you don't even need it.

File an extension.

I'm going to.

Okay.

Just to be safe.

Everything's fine.

Huh?

Just to make sure everything's all right.

Yeah, I want to like go through a little bit more with it and just like

I have some questions to make sure because like, you know,

there's some stuff to get sorted.

Also, by the way, speaking of space action rocket ships,

I could see the rocket launch last night for my house.

That's awesome.

Yeah.

Well, outside of the bow and we're watching it and she's like,

it should be this direction.

And I looked to my left and it's just fucking fucking.

And I was like, Oh, shit, there it is.

Where is it Cape Canaveral's where it launches?

Yeah, which is actually pretty far from me.

This is on the east coast of Florida outside of Orlando.

Interesting.

Yeah.

I never knew where Cape Canaveral is now I know.

I mean, it's really close to Orlando.

But like, I got pictures of the launch.

It was pretty cool.

Sick.

Yeah, I was very surprised that we were able to see it.

Because it does kind of just look like a plane, right?

But like, the timing and the chem trail that was coming off of it,

the rocket fuel left a huge, huge mark.

So like, it was pretty damn clear that that was the rocket.

And the video of us watching it on the phone to see where it was,

had the exact same arc.

And I was like, Oh, wait, that's it.

That's crazy.

Yeah, I got it.

Hey, hey, here it is.

Yeah, because that's what it was.

It was like, we're watching on the phone to try to figure out where it is.

Like the fuck do we miss it?

Are we going to miss it?

Where is it?

And I like, look, wait a minute.

There it is.

And she's like, Oh, shit.

So we're really going to the moon.

Are they just launching that rocket so that they can

they can have an excuse to launch the massive chem,

chem trails everywhere and change.

It's just the massive chem trails.

Yeah, that's how I figured it's just more chem trails.

What will SpaceX public ticker be?

This has now become a heat.

Other was the favorite.

Now, it looks like it's either X or other,

which is crazy because the other was fairly cheap.

It was less than 20 cents a couple weeks ago.

I think it's other.

Yeah, I don't know.

I mean, X would be so confusing.

Yes.

And then also like the more I think about it, the more I'm like,

I don't think it's going to be X.

Like this app is called X, right?

But I feel like that just gets confusing.

You have the X stock, which is SpaceX,

and you own X, which is a social media platform that will have X money.

And then you have a Tesla Model X.

There's lots of X's and maybe it's not the time to.

That's triple X.

Oh, is that ticker available?

Are there like XX or XXXX available?

That would be an interesting ticker.

Like 4X.

Elon Musk.

Any other prediction markets you are looking at?

Anything mention wise or Iran or anything else?

Or to be honest, no, I haven't figured out what I'm

hammering today.

Need to do that.

Got to see if we can get up and over $1,100.

Nice.

So this is a hundred to a million and you're almost at a thousand bucks.

I'm over a thousand.

Let's go.

Go to the count, little 10 X.

Go to the account, right?

Go to the fuckery account line now.

I go to the goddamn account.

102 million.

Yeah.

What's what is exactly?

Is it a million?

One hundred to one million challenge.

There you go.

Yeah, third one down.

One hundred to one million challenge.

Up over the last week, $606.

This account is now at $35 position value.

That's because I fucked up and I fat fingered.

We would have been over 1100,

but I accidentally bought stupid,

Kierstormer to talk because I thought he was talking yesterday

because it's Wednesday and he talks every fucking Wednesday.

But he didn't talk.

He didn't talk.

So this is my account just so you can see it.

1050 cash, 1050 cash.

So that's 102,000, which is crazy.

Like that's crazy.

I'm happy about it.

But yeah, I mean,

I've been training everything.

Like there's not a market I haven't touched.

A lot of mentions.

I had a counter strike market.

Hit the highest temperature market.

CZ post market.

That was free money when they launched those.

But yeah, it's been a it's been a fun challenge.

I haven't really gone into like the whole challenge phase.

We have to be like super conscious.

The other reason, by the way,

when people go and look at that account,

that account used to be a bot training account

that I was using for building a polymarket bot,

which was fun.

And then after that was what did I do after that?

Oh, I moved 500 over because I was using 500 on my main account.

Was the way the original trade took place.

And I wanted to make it clear.

I was like, okay, that's why it's not up a thousand.

It's only up 600.

Because once I hit 500, I was like,

I shouldn't just put this into account for tracking purposes.

We've been cooking.

Let's go.

Let's go.

Absolutely cooking.

I'm trying to look over at,

I was looking at like micro strategy markets.

I got distracted.

I'm trying to figure out how much stretches are earned

because stretches back at par.

They're going to be buying Bitcoin this week.

It looks like the estimates of what they could be buying

is at 1308.

So far this week, it traded above par

both Tuesday and yesterday.

Apparently creating trading just below,

but it's kind of peaked up above it a little bit there.

But the market on polymarket right now,

or this is all the way up in 91.

So not a lot of upside-taking.

Yes, micro strategy acquires more than a thousand Bitcoin.

No, I think this is likely.

Last week, they kind of in a surprise,

took about no Bitcoin.

So I think there's like some doubt there.

So maybe you can get like a nice 10% yield here

on this going into Monday.

But we'll see.

There's not a lot of upside here.

I don't think so.

I'm probably going to stay away from this market.

But I'm paying close attention to the micro strategy markets

and stretch price and all that.

You've been doing well with those.

Yeah.

That's been like your kind of.

I didn't do well when I took under,

I think I took an under one K

and Michael Saylor bought like a thousand

and two Bitcoin that week or something like that.

And it like fucked me over because it was like

the stretch wasn't at par.

So like it was all from micro strategy at the market.

And like normally they don't

make that kind of purchase.

But he ended up going right over the thousand market

and kind of hurting me there.

But I've been pretty good on those for the most part.

More importantly, has Brandon daily let you know where to get tickets.

No, he hasn't fucking answered me about where to get tickets, right?

And I'm getting a little antsy.

Like can't just give me the link.

I'll buy the ticket.

I'll shield the ticket.

I'll make sure this bitch sells out.

Oh man, I want to go over a little bit of this drift protocol.

Hack next.

CEO of Ledger basically talked about this a little bit.

Basically, the attackers stole enough private keys

to meet the multi-seq threshold or compromise machines

and that belonged to multi-seq signers.

So this wasn't a smart contract failure

that some were speculating at first.

It was like a bad oracle or something.

It was stealing the keys to the actual of like the actual engineers.

And then opening up a new route to pull money

out of the drift protocol.

Treasury or like slush pull where all the money is.

288 million converted to a theorem as it was bridged.

It was a lot of it was in USDC.

A lot of pushback on the timeline.

And ZachXPT basically saying six hours,

like circle at six hours to freeze the funds.

And weren't able to do this saying,

you know, they're a centralized stablecoin issuer.

They're in New York.

The attack began around noon.

Like how did how did circle not freeze these funds

immediately when they saw what was happening?

So Zach has been quick to call out circle a number of times.

And this comes to circles like facing a lot of key.

Like I think they've mistakenly froze some like financial institution

money as well in the past couple weeks.

Yeah, they've done fucked up there too.

Yeah, not a great not a great look for a circle.

I'm going to look over at their equity.

I mean, this one also down bad really bad day yesterday.

Almost down 5% as they were rebounding down on the day under $90.

They're giving up.

I mean, they're coming close.

Do you think they they come they could close this gap

that they they open here down to probably.

So circle looking like I just think the whole market sells off here, dude.

Yeah.

Come on, dude, how do you want to sit here and think the market rallies, dude?

But rates rates are going to stay the same or go up.

And that's kind of like the business model for a lot of these like rates going higher

is going to increase the bottom line for a company like circle.

Yes, unless they're not able to continue to print more dollars

because they're not enough people spending dollars.

So there's less dollars in circulation.

Yeah, I'll sit true.

I'll sit true.

Like that's a bigger thing is like if people are not using the dollar,

you're not earning yield on the dollar.

Even if they go up and rates like the other side of it too is

when I look at the whole circle playbook about this,

you have so many competitors in this space.

And if the clarity act does say that you can't earn yield on stablecoin,

circle business models talk.

Yeah.

And speaking of that,

I think we might get some clarity on that clarity act.

We're supposed to this week.

Yeah, they're saying by Friday.

Yeah, so supposedly.

So hopefully that could boost crypto.

Like maybe taking like a risky long on like a Coinbase.

Or a circle here.

I don't know.

I don't think I have the confidence to do either of those plays.

But Coinbase had the clarity, stablecoin,

deal could land by Friday.

This is Paul Graywall, their chief legal officer.

He's expressing confidence that deal on stablecoin yields

under the clarity act could be struck by the end of the week.

Speaking on Fox business,

Grohl said the crypto industry must finish the job

following last year's passage of the Genius Act.

I think this is very important because the longer and longer this,

it's pushed off like the riskier and riskier it gets.

I think there's more leverage on the Democrat side

because it looks likely that they're going to be taking

the house and maybe the Senate now.

So yeah, them delaying something like this

till when they get more favorable terms is very good for them.

So they might be able to get more concessions on this act.

The longer it takes to get across the line.

So we'll have to see what happens here.

I'm very doubtful this gets across the line.

I'm actually pretty bearish that we see the clarity act.

I think we get it this year.

I don't think we do.

Is there a market on this?

Yeah, 2026.

Will it be signed in 2026?

Just search clarity act.

Looking at it right now trying to find the long 2026.

It's a 67% chance.

Yeah, I think I kind of like I kind of like the know here.

I kind of like I just think that's too risky.

It's also a long dated market, dude.

I fucking hate long dated markets.

Yeah.

Is there like a clarity act by?

Huh?

Is there like I would like to see a clarity act by?

I don't think so.

I think it's just will it be in 2026.

Yeah.

You're not going to get a ton of liquidity on an individual bill passing.

I understand it's crypto based, but

I mean, totally separate, by the way.

Totally separate.

The address to the nation last night that mentioned market

did over two million dollars of volume on plan mark.

That's wild.

Before the market went live, it was up over a mill.

I was like for a last minute ad of a mentioned market,

I'm game.

Like this is awesome.

There was good liquidity on it.

2.34 mill.

Good liquidity.

Whoa.

I saw April Fools was April Fools.

Yeah.

And on their one of the roads.

There was a good argument for why it would be like why April Fools would be a word that was said.

I got to like commit.

Obama head was a bug.

You dropped the full Barack Hussein Obama, too, during it.

Full name.

I was shocked on that, dude.

Full name.

Interesting.

I like to know on Maga.

That one hit two.

Yep.

Yep.

You're just all over this market.

All over it.

Operation epic fairy was the first sentence.

Literally no.

The first sentence was moon.

I talked about the moon.

Yeah, right.

You hit.

The first sentence.

Yeah, when he got into it, yeah.

That was the first one.

Didn't he say Camini?

Or do you like mess up his name?

No.

Different guy.

He talked about the previous leader.

Not the most recent one.

So I was on the no on Clark slash islands.

Originally, and ended up getting off that because I was nervous based on some of the stuff coming

out about it.

About like if they were going to announce boots on the ground, I thought that was going to be said.

I was also originally on peace through strengths.

Uh, no, which I should have held.

I should have held both of those.

But I would have lost big on proxy slash foremost,

which I was originally on.

And then I just pivoted and switched to fake news.

No, Bibi Netanyahu.

No, and MAGA.

Make America great again now.

Love it.

Love it.

Bosniany Beats has I got tricked by Facebook April Fools vid.

FML.

I got tricked yesterday.

There was a very popular college bar

for my town.

And I saw like news that they were shutting down due to structural

safety issues.

And I was like, damn, that sucks.

But I was like, that place was a piece of shit.

So like, I could see why they'd have to shut it down.

But it was an April Fools joke.

Yeah, that's crazy.

Super believable.

It's like a historic landmark in Delaware.

It's, um, I think Edgar Allan Poe used to like frequent it.

Like it was like an inn originally.

And they called it a dollar.

I did university dollar.

Oh, damn you a Delaware native through and through it.

Yeah, yeah.

I went to like my grade school is the biggest feeder to my high school.

My high school is the biggest feeder to university Delaware.

So like, I just like, right down the path.

Yeah, you're just like, there's no deviating from the norm for you.

You just fastballed down the middle.

Yep, absolutely.

Delaware through and through and love it.

You guys have stayed income tax?

Yeah.

What's the tax you guys don't have sales tax?

Sales tax.

Yes.

I would real estate tax, income tax, all that, but no sales tax.

This is nice because you can buy from like other states too without sales tax.

So I got on pay sale tax no matter where I buy it from.

Wait, really?

Yeah, I buy on Amazon.

I buy wherever it's no sales tax.

And it's just the price.

Just the price.

It's all I pay.

Anytime I buy something, I pay just the price.

That's fucking cool.

Yeah, even if I go Florida and I tell them I'm from Delaware on the pay sales tax.

There's no way that's true.

That's not true.

There's no way that's true.

Because my ass got stuck walking in and say I live in Delaware.

Yeah, no sales tax in Delaware.

But if you order from Amazon, no sales tax.

No sales tax.

Anything that gets delivered or bought and sent to Delaware.

No sales tax.

Wow, that's news to me.

That's pretty sweet.

Although it's fairly well known, but I guess if you were not a Delawareian.

So my grandma lived in Delaware and I remember as a kid,

I always thought it was dope to go there because my mom will let me spend more money

and buy stuff from like convenience.

So it's going to be like, it's only a dollar now.

It's actually a dollar.

I'm like, oh shit, this is sick.

So I thought I was looking cool.

I just, I couldn't remember if it was.

I don't know if you guys had no income tax, too.

Because yeah, I did the math on what my tax bill would have been if I was still living in Boston

versus where I live now.

And that would have been like an additional six figures.

Yeah, I would say Florida is a very nice spot to live for income tax.

Ugh.

This year, I think I would have preferred to be in Florida and pay sales tax versus

pay a Delaware income tax.

Yeah, I'm here.

It's maybe not.

You have a pro.

You got a dependent in a wife, a spouse.

Yeah, I think it's so much documentation for my taxes.

Like the crypto part was the easy part of my taxes now.

Like I'm like, I'm tracking down like multiple daycares finding their tax IDs,

getting all my receipts from daycare payments.

It's like, oh, because you can, that's a, yeah,

tax that whatever is called tax exemption.

Yep, that makes sense.

Yeah, let's get back on topic.

I'm going to read off some quick hitters here.

These are all at dailybones.com.

You can sign up today.

It's our free daily newsletter Monday through Friday with an update on the weekends

with everything that mattered from the week.

First up, uh, polymarket earning almost one million dollars in daily fees

after they turned on their new fees, which you saw perp dex fall,

thieves fall 80% from their peak in September.

Tokenized stock volume hit a new monthly all time high in March of $2.9 billion.

Metallic posted his sovereign LLM setup,

along with his hardware and software configurations on X,

FDA approved Eli Lilly's oral GLP one weight loss pill.

Their stock went up on the day.

The Artemis two pick off on his mission to fly around the moon.

We talked about that gold.

Spell below 4600 met a planet acquired another 5k Bitcoin.

This makes them the number three holder of Bitcoin in terms of institutions.

Ralph Paul is back warning of the dangers of AGI being put into robots.

The riot Bitcoin miners sold 34 million dollars with the Bitcoin.

Finance futures are launching additional equity options,

including the S&P and Apple.

Francis carrying out the first on-chain IPO next week, April 9th.

And paradigm is developing a prediction markets trading terminal.

All this and more dailybones.com.

Sign up absolutely free.

Get all your crypto news each morning and less than five minutes.

Some interesting stuff that I have.

We're looking at polymarkets fees.

This is pretty cool that they're finally generating revenue.

I know how she's been generating revenue on prediction markets for a while,

but now that polymarket is,

you can start to kind of like look at

like token and like how this is going to affect like an air drop.

I'm going to see if I can add fees directly here.

Yeah, here we go.

Some of the stuff out of events.

TVL.

I mean, look at that TVL on polymarket.

July of last year to now, just like up into the right.

Zoom in further.

Yeah, so you can see here, April 1st, 1.02 million dollars

worth of fees.

April 2nd, 1.08 already in fees.

So they're definitely generating more revenue now.

I think this builds well for potential token and growth.

TVL all the way up all time highs, $475 million dollars.

What do you think about polymarkets?

New fees, new revenue, new growth here, easy.

I think it's smarter than you've got to make some

fucking money, right?

Like you got to get paid.

So you can't knock them too much.

I haven't really noticed fees that much.

I think like at all.

How she open interest.

It's harder to tell how she what's what's going on with

the couchy touch on defylamic because they're

centralized not on chain.

It looks like $4,000,000 open interest.

I can't see TVL.

It's hard to get.

We can't see anything.

The only thing you can really see is the order book.

I know that they were using defluo for a bit.

I'm not sure what the status is of that.

Could be interesting in a world where there could be an

airdrop coming up.

I think fees generated from the protocol could have an

interesting utility there.

Other news that we just talked about.

Did you see the RauPaul?

Interview where he's like talking about robots and

like how they're going to like take over.

No.

Yeah, I'm just going to play this clip real quick.

The next step is we're going to put these

into fucking robots.

We're going to put AGI into robots.

And people think of robots as like R2D2

this kind servant thing.

When you put an AGI brain that's smarter than any human

every subject and you put it in a physical form

which is more durable, adaptable, stronger.

What the hell is that?

People are not ready for this.

Well, yeah.

So he's basically warning about AGI in robots.

So if you have those, you know,

you've seen them I think on some streamers they have them.

Doesn't like I should speed have like a bunch of robots running

around his like house.

But if you picture those of like AGI brains and the ability

to like do whatever like it starts to get kind of scary.

Especially when you see these horror stories about like AI

like not wanting to be turned off.

And like trying to like blackmail their developers

and like leaving the power on.

Like there's some scary stuff that can happen.

Oh, yeah.

I don't know.

I don't know if I'm going to have robots in the house, bro.

I think I'm good on that nonsense.

I kind of want.

I mean, I feel fooled by laundry.

I just wanted in like the laundry room.

I don't want it anywhere else.

Like I want robots with a caveat that like everything is like.

I want to be sure that it's all like local.

I think I think there's going to be a more push to like local

LLM's like metallic made a big post about his setup.

And I think it makes like a ton of sense.

Like we have these like open call now.

Everything's going out in the web.

Our information is going back and forth.

These agents are running around with doing gods.

No god knows what with their information.

I think that setting up like local LLM where everything is contained

within your own house, not connected to the internet.

Necessarily not going outbound is going to be a big thing.

And in my robot like I can have a robot that I

can, you know, hey, I'm using this model.

I'm giving it the instructions.

It's not hitting the internet to like figure out whatever else is going on.

But that's not going to be the case.

I think they're all going to be like tied into subscriptions.

They're going to be like broadcasting all that information,

video and audio and everything out to wherever it is.

So like I'm really, really concerned there.

But I do suggest you give this this metallic blog or read.

He talks about how he sets things up.

He makes an interesting, one interesting thing,

my biggest takeaway that I'm going to like implement and do is he

downloads, he has like a world knowledge folder.

And he, it's basically a dump of every Wikipedia article.

You can download all of Wikipedia right now.

It's like one terabyte.

So if you do that, like you can have Wikipedia on a hard drive.

If shit hits the fan and there's no internet or no whatever,

like that feels valuable.

Like a local LLM on a laptop.

All of Wikipedia's one terabyte?

Yeah.

That feels really low.

That's what you said.

You said the more questions that could be answered

by entirely by searching a one terabyte dump of stuff.

I've already downloaded the less any search engine learns about me.

I mean, he's not wrong.

Yeah.

So that's pretty sweet.

I'm going to do, I'm going to be getting that

onto a hard drive ASAP.

Because I think that's like a very good like,

protect against the end of the world type thing.

Having, I mean, it'll just give you a lot

of a lot of information.

Like, I can look up the whole slogan if there's no internet.

Yeah.

And if I'm bored, I can see who won Survivor Season 3.

You could.

That would be survivor.

That's probably Ethan, I think.

Is that the Alpac?

Let me check.

Let me check who ones don't don't look at Survivor Season 3.

Either Ethan.

Ethan's known.

That's crazy.

Where's the take place?

That was in the Alpac.

Don't Africa.

Right.

The African Alpac, whatever.

Oh, okay.

I thought I just said the Alpac.

I was like, then I'll Australia.

Oh, no, no, you're actually right.

No, you're right.

I said Alpac.

I mean, I was picturing.

I should have said like the Savannah or whatever.

Season two was the Australian Alpac.

Season three was the African like Savannah.

Do they live, there's this tree.

And they had like bushes around it.

And they needed to maintain the bushes or lions

would be able to come into their camp.

Wait, actually?

Yeah.

You got season three is one of the best seasons of Survivor.

I mean, you know who won now, which is a little disappointing.

But at least the best season three is the road.

Dude, imagine if I live to be able to get eaten by a lion.

That's a crazy way to go out.

Yeah, I don't know if they love them do it.

Like, you know, I think they'd probably stop it.

Yeah, like it felt like back then,

because like when you're watching the old seasons of Survivor,

it's 20 some years ago.

It's your 2000 camera quality isn't good.

Like you think that these people are.

It feels real.

It feels like Blair Witch style when I was the kid.

Like I say kid, but I was probably like 15 16.

I watched real world.

The reality TV show.

Yeah, on MTV.

Yep.

Now that was shot really shitty.

It was like a big brother and once the other one,

the love island before love island.

Um, big brother.

It was a real world.

It was fucking insane.

Yeah, no, I watch real world.

Yeah, I watched a ton of real world.

I was on MTV, right?

Yeah.

Dude, the early 2000s,

like reality shows were so much better.

Yeah, 100%.

So much better.

I mean, even real world wasn't sane.

The old survivor was all better than new survivor people said.

For sure.

What was the other one?

American race.

The that's still going on.

It's great.

The great race.

The great.

I don't know why I can't think of this,

because in all the plays after every episode of Survivor,

we watch.

Yeah, you know exactly what I'm talking about.

The.

Yep.

That one's kind of cool too.

So the old ones have really passed.

Yeah, they had maps and stuff.

Yeah, the real world on MTV was fire and hardly even edited.

Agreed.

The amazing race.

Yeah, thank you.

That's the one.

There's been some like pretty famous people.

I mean, that's in 2001.

The OG seasons of that were bangers.

Yep.

If like asked people on the side of the road for directions.

Yeah, or like hitchhike and like get actually hitchhike.

Yep.

Yeah, I'm this old TV now all we got is this fucking garbage like.

I'm fucking season 67 of you for you coming out.

Yeah, yeah, 100% agree.

I still love Survivor.

I've been watching this season.

The seasons too.

Oh, you were pissed when you found out you got spoiled.

You were pissed.

Yeah, last season I was pissed.

I haven't looked at any survivor markets this season.

So I've been pretty good.

This one is in all star season.

Oh, so they bring all the people back.

Yeah, returning players.

That's cool season 50 a big one.

Really really cool season.

I've been enjoying it so far.

Need to watch these 42.

I was born in 93.

So for context in early like early 2000,

2004, 5, 6.

I was like 13 to 15.

Primage from TV.

And what I would do was I would find the old real world shows

on the internet and watch them that way.

Like because back then you could find there wasn't

Netflix, Hulu and also their bullshit.

You can open up MTV and they would just have every old episode free to watch.

Yeah, or you'd have to go to like you'd have to go to

not before the part maybe on like a lime wire downloading

downloading season or project 3 TV was like a streaming site that had it.

Like 100%.

Causa and lime wire.

Causa, that's a name I haven't heard about.

Napster.

Yeah.

Napster was a good one.

Yeah, I'm love talking about the the early 2000s reminiscing on all the stuff that is nostalgic.

Looking over at what we got my camera is going to die right.

I'm sorry.

As I say, looking at what we're what we're going to talk about today.

I think we're pretty much wrapped up.

So what cut it here?

Easy's camera overheating.

Just I don't know what the fuck's going on anymore, dude.

It doesn't feel hot.

It's something.

It's not too much.

I thought it it is kind of like the same thing happens to Clemente at exactly the same time

every show and it switches to his laptop camera.

It's like almost like clockwork.

So there's something that's like a common denominator between you two that's happening.

Anyway, we'll wrap it here.

Thank you all for listening.

A lot of fun on today's show.

You can watch our show Monday through Friday.

9 a.m. Eastern time and watch us listen back on podcasting.

All your podcasting.

Sources out of my Apple.

You can also watch live on YouTube.

Sora, see what we're talking about in real time.

See easy's camera die live in real time.

Thanks again for listening.