Runaway Train. Bitcoin sets a new all-time high,
then another, and another. We reveal what’s been driving this insane price action. So, alt season.
As many alts outperform BTC, are we finally entering the promised land or still huffing
the opium? Big winners. We turn the spotlight on some of the hottest altcoins of the moment and
look at why they’ve been shooting the lights out. And buckle up for last week’s top performers,
the best recent tweets, heroes and villains, and much more besides. This is the Coin Bureau
News Live. Keep going hype. Keep going hype. Yo yo yo yo GM Coin Euro CryptoFam and welcome to the
Coin Euro weekly news live stream on a day when Bitcoin is above 123K. Guy, hope you’re enjoying
the new all-time highs. I see you splashed out on a shadow this time around. Yep. Yep. Thank
you, Nick. I’ve just had the uh just had the piano installed this morning. Um you meanwhile
have splashed out on on a new look. Going big, man. Yeah. You know, as always, got to got to ring
in the alltime high with a new look. You know, keep them guessing. Last time it was a suit.
This time it’s a a mini It’s like a vest with a zip down as well, like a boxing vest. Wow. This
time, this time it’s it’s the guns. There we go, man. One ticket for the gun show. So, um yeah,
I mean, of course, guy 123k, a new alltime high, eh? Oh, it’s Isn’t it a beautiful thing, right?
It’s Yeah. RIP my phone battery because it’s just we’re now in that territory where it’s I just I
just better have another look. what with this and uh and the test match that’s happening England
versus India might test. Wow, that’s fascinating. It’s also also also great also great going crazy.
So, you know, I mean you’re also you said some of your alts are in profit already. So, that’s good.
You know, happy days. Happy days. Um happy days. Yeah, the sentiment sentiment is is going through
the roof and we’ll uh we’ll touch on the sentiment in the comments a little later on. Well, I I
unfortunately have to bring it up, guy. Last week we in the stream, we said I asked you, do you
think we’re going to break through alltime highs uh this week and we you said what was the exact
quote? I don’t think so. We’re going to go sideways, but I’ll be happy if we did and here we
are. So, anyways, it’s good it’s good to be right to be wrong on that one, right? Absolutely. I was
I was wrong and I am very happy about it. But, uh yeah, I I did expect uh I’ve been
expecting summer chop. Um, but you know, if it’s as long as it’s chopping continually
up and to the right, that’s that’s fine by me, too. Yeah. Crazy. So, guys, um, thanks again for
joining. We’re going to be covering, of course, the Bitcoin rally and its breakthrough all-time
highs in an epic week last week. We’ll be talking about the altcoin season that could be starting
to show some signs of life. And then, of course, some big winners in the altcoin season run in
this in this run right now, including three particular coins from last week. Uh, so buckle
up. It’s going to be an exciting stream. and um hit that like and subscribe button, of course.
And uh we’ve got a special treat if we manage to get through 1,500 likes in this stream. Both
me and Guy will be going through some portfolio changes we’ve made in the past 3 months and
also other things we’re thinking about in terms of potential changes going into this renewed
altcoin optimism. So, fire up those likes if you want to get that alpha. Absolutely.
Are we chasing a particular like target? 1,500 is the number, the golden number to meet.
Okay, there we go. Fire it up, guys. Cool. So, before I get epilepsy, we’ll just kind of take
it off there. And uh let’s go back to the Bitcoin price from last week. Um so, of course, it was
one for the record books. Monday, we started off surprisingly there was no Michael Sailor buy. Um
but that’s because guy, he said, I need some more fear to buy Bitcoin with. And uh then on the same
day, he announced a $4.2 two billion dollar at the market offering for his preferred stock. He was
just he was just taking a breather. He was just scrabbling around for a bit more cash uh so as
he could resume that buying that buying spree. Yep. And um it’s so that’s obviously what he was
waiting for and he got it. Um coming back to the price last week if you will recall guy there
was the CME gap. We’ve been tracking these in the stream over the past few months and that most
of the time it’s been closing and indeed on Monday last week we opened up a CME gap at about 108K and
we came back and closed that as well on the day on the day. So that was good news because obviously
once you’ve closed that CME gap it means that Bitcoin could therefore have a free runway to the
all-time highs to the to Valhalla which indeed we came to later in the week. So, it’s interesting to
see how regularly these CME gaps have been closed uh over the past few months as we’ve been tracking
it. Um, then Tuesday, Trump started sending out these trade tariff letters to the countries.
I think it’s so funny. It’s rather this at least it’s more formal than a truth social post,
right? In all caps. Yeah. Yeah. He it’s his it’s his very unique writing style, you know, sort of
uh certain letters all capped. um random capital letters throughout. Very Yeah, it’s it’s sort of
the Fed has Fed speak, doesn’t it? And Trump has Trump speak and unfair trade trade. Yeah. But I
mean, it’s good though at least because to the extent that there is some certainty now around
the tariffs, right? Around the tariff rates, people can put this in businesses can plan
for it and then the Fed more importantly can understand and put into their models the potential
impact of tariffs, right? So we know the amount maximum these tariffs will be. The negotiators
could bring it down. Um on that day though, Bitcoin was trade was trading within a range.
It struggled to catch a bid. Perhaps they quiet before the storm. Um which indeed did come on
Wednesday. Beautiful. Yes, that’s what he was thinking about in that picture. Of course, he was
waiting his sats, his stacks, his sats, you know, and winter is coming. Here we go. All the Bitcoin
explosion sailor there celebrating with all of us um you know, all of us uh bros, you know. Um and
uh yeah, broke above 112K as the first break in the all-time high. It happened in one monumental
God candle. Um it didn’t stop there though, of course, because on Thursday we broke through
112K and then again 113K on the same day, Thursday. And um it was just a massive short
squeeze going on there. A stairway to heaven. Uh then also it wasn’t just Bitcoin obviously.
We also hit all record time highs in stocks and Nvidia broke through $4 trillion in market cap.
Believe I think if I’m correct if I’m wrong, but I think that’s higher than the GDP of the UK. Quite
a lot of things are higher than the GDP of the UK these days. Many many countries. Yeah, that’s not
quite the achievement that it once was, but yeah, Nvidia Nvidia just I mean it’s it’s powering
it’s powering the revolution, isn’t it? Many people thought this could have been the reason why
Bitcoin also hit those all-time highs. Indeed, the correlation between Nvidia and Bitcoin has been
quite high. Uh indeed, the broader correlation with tech stocks in general. Friday though, the
rally continued, man. It continued 117K, 118K. It’s crazy. I I’m struggling to remember a time
when it was when Bitcoin was breaking highs, you know, this frequently or smashing through sort of
one level after another. It’s quite extraordinary. Very hard because generally you’ll have profit
taking around these levels. You don’t have Bitcoin going up. It’s been going up now for the past
47 days. There hasn’t been a major retracement in the past 47 days or so. We had a little bit
below the the Iran Israel conflict, but that was quickly quickly brought back up above 100K.
Anyways, the shorts obviously got wrecked which you know suits them serves them right for shorting
the future. Massive shorts on that particular day. um as both Bitcoin and ETH rallied um and um
then also it’s a record for Black Rockck Black Rockck’s IBET ETF in 300 it got to $80 billion
in AUM this happened in 374 days now to give you context in terms of how quickly that is the next
fastest was Vanguard’s SNP ETF that took 1,814 days just to understand the magnitude and the
speed with which this accumulation in Bitcoin ETF is going. Yeah. And of course that’s one of only
what is it 11 spot Bitcoin ETFs. So obviously and IBIT is obviously the leader. But um yeah, it just
shows you how wildly popular these um these these products have been. And I guess pointing to the
ETFs and also those shorts that you mentioned just a moment ago. I mean there I think are the two
sort of main reasons I guess why we’ve got this monster rally. I mean, you can point to, you know,
there are many other factors as well for obviously companies accumulating Bitcoin and what have you,
but it just seems that ETF demand is going crazy as we’ll see. And um this being crypto, there are
loads of people who’ve gone degenerately short. Um and yeah, I I mean, I don’t know why you would who
would be doing that in these in these conditions, but short squeezes was ungodly. 100 RIP the bears.
Uh, and speaking of those ETF flows, last week we had 2 days of backto-back $1 billion inflows.
Over the week, we probably had over about 2.3 billion or so in inflows. So, it’s just they’re
just accumulation continues across them all. Um, but if you thought it was over, it wasn’t. We
were thinking potentially a quiet weekend, maybe a retracement. No, no, no. Uh, and then yesterday,
we broke through another all-time high, 119,000. But it’s not done yet. But wait, there’s more.
Because today, 120, 121, 122, 122, 123K. Topped out at 123K. Unbelievable, huh? Wow. Yeah. I mean,
what a time to be alive. Marvelous, man. It’s been wait been waiting for ages for this. Um, and
Sailor, well, standard today. Sailor bought again, man. There he is. 172 million. Yeah, past the
600,000 uh BTC mark. Obviously a a big landmark for for Sailor there. Um I wonder if he has Yeah,
I wonder if he has a sort of final target in mind, but um yeah, he’s back with a bang. And he said
he’ll he said quote, “I’ll buy I’ll be buying the top every single day of the week.” And he
bought well, I mean, what was the average price there? If we can go back to that, I think it
wasund uh uh 111,000. So, you know, it’s close at that that stage because he probably bought
it last week. That was probably near the top, right? So, before it came down a little bit. So,
stand to sailors, the man of his word. So, yeah, that that was this week. Now, I guess the most
important question is what what do we have in store for this marvelous week ahead? Um, well, we
do have some data coming out on the macro side, important data. This is the CPI number.
So that’s coming out on uh on Wednesday, I think, or Tuesday. I think it’s Tuesday. Um and
um speaking of that, that’s important because of what it means potentially for interest rates and
the Fed. And speaking of the Fed, Trump is again renewing his attack on PAL of and this is for
something of all things guy renovations at the Fed building. He’s not happy with. So the the the
talk of the town now is that apparently they he’s going to use or try and use this disagreement with
Fed renovations at their building at the Fed’s building in Washington to potentially oust Pal.
So, who knows? Because I think we speculated on this a while back and we also speculated um when
he was talking about firing Gary Gendler as well and um plenty of people pointed out that actually
you uh you know he can’t just fire um the heads of federal agencies like that unless there’s some
sort of misdemeanor or or wrongdoing in cause for cause. Yeah, exactly. Probable cause or whatever.
And uh yeah, so trying to as you say trying to get him on the renovations angle, which I mean
just sounds mad really, but I mean you wouldn’t put it past him. I mean Trump is a real estate
developer. He has got his eye on uh you know details. Maybe he doesn’t like the decor. I don’t
know. Um maybe maybe the Federal Reserve maybe the renovation didn’t include enough gold. Where’s the
gold leaf? You are the Fed. You hold the most gold in the world. What are you talking about? What
is this? You’ve got gold leaf when you can get actual gold. Who knows? Um but anyways, there’s a
lot of speculation who it could be. We’ve done a video on who could be the next Fed chair, so check
that out as well. Um in terms of today, um stock markets open in the next 15 minutes. Um futures
are down a little bit because of concerns around tariffs. Um but that hasn’t stopped Bitcoin’s
rally, of course. Uh now just quickly looking at a few charts that are important here. This is a
really really interesting chart that I pushed out a few a few hours ago. This is the monthly chart
of Bitcoin traced from the first all the all-time high back in 2018 over the 2021 and then it it
acted as a uh level of resistance for Bitcoin in the 2021 bull market and then the all-time high
stopped off in this 7-year trend line today. Well, in terms of this month here in July 2025, we
completely shot through that trend line. So that’s a very bullish indicator no doubt um in terms of
the longerterm time frames means this this more bull market and this top could be a lot higher
than any than what would have the past would have said um so that’s on the long term now there
is some and then now I guess where we could be to going in terms of price targets there is also
an interesting trend line that has developed you know like a channel uh for bitcoin between we map
it from April to the where bitcoin price has been trending through throughout this trend line uh
this parallel trend line uh and potential targets that many people are saying could be around 130K
before retracing again. So that’s one point to watch. Although I will caution as we mentioned
this Bitcoin hasn’t had a major correction for the past 47 days. Uh and there is speaking of CME gaps
there was two that have opened up um there are two that have opened up. One last week a massive
one last week and then one over the weekend. Hopefully, we can come back and close these, but
God help the man who tries to trade that short right now because I can I’m not gonna come I’m
not going to do it in these market conditions. Very ideally, you’d want to come back and close it
because it means you don’t have to come back and close them later. But yeah, so that’s something
to watch, guys. I know I know how much you like seeing a CME gap closed, Nick. I know that you
won’t be able when I see those gaps closed. Yeah, but I’m not going to be tempted. That’s like a
mouse’s trap right now. Not going to get short trapped. Uh, but there’s one more thing we guys
want to point out. This is um a video Aaron did on the more coin bureau channel and this is basically
looking looking at a very important macro chart indicator and it’s currently flashing a major
bullish signal that it’s and in the past it’s historically aligned with explosive rallies. So,
we’ll leave the link to that video down below to come back and watch for yourselves. And speaking
of Erin, of course, I will refer you guys to the Coin Bureau Trading Channel because not only
has Dan like we’ve got Dan, Dan the man, head of research and Erin, who by the way, last week Dan’s
had some really good calls on the altcoins rallies and Bitcoin itself. Uh, but we’ve also now got a
new streamer and Gabby who comes on twice a week. So, if you guys not subscribed to the Coin Bureau
trading channel uh yet, you can do that with that QR code right there in the corner or indeed the
one in the top right of the screen. Yeah. Yeah. Do check those guys out there. They’re doing doing
brilliant work over on Coin Bureau Trading. Okay, Nick. So, um Well, should we do would you like
a quick uh sentiment check? Let’s go. Let’s go. Okay. Um well, I think really the only things
that people the only things that people are more bullish on than Bitcoin is uh is your guns.
Um long guns, bro. Max 100x on those guns, bro. So, I think you know they’re relying on Unic.
If if there’s a downturn um uh from here, you’re going to be weights on my shoulders. The
weight of all the hopes and obium of the crypto viewers in this stream is on my shoulders.
Going to squat that bad boy. Yes, absolutely. Absolutely. You better get you better get back
down to the gym after the stream. Um Jim uh Jim Invest 78 makes a good point. Um because this is
uh as we’ll talk about a little later on perhaps, this is crypto week. So, you know, we could have
some we could have some good news that takes us even higher from this point. That is not uh beyond
the realms of possibility. Genius. The genius. Yeah, the clarity. We’ll talk about that in a
bit. I mean, I guess the question is how much of a catalyst could this be for Bitcoin versus crypto
companies? But um maybe if on the clarity act, there’s a lot of movement on that. It could be
interesting. Yeah. Yeah. Yeah. Um but generally uh I have to say uh very good people obviously um in
pretty good spirits over in the comments now. Um, so good to see. And look, you know, to all of you
who who are watching and who have been watching for a while and have been through some of the some
of the tough uh weeks and months that we’ve had uh recently, this is this is your reward, folks. It’s
times like this. You got to you got to make sure that you enjoy them and celebrate them because
they don’t happen every day. That’s for sure. So, um yeah, keep those let’s keep those good vibes
going a little longer. Um, which means, Nick, we should probably move on and start talking
about altcoin season again because this is, as we said in the headlines, this is the
promised land um that we’re basically all trying to get to. Um, now we’ve been talking
uh we’ve covered Bitcoin’s price action. Um, but as as you hinted at earlier, a lot of
altcoins, in fact, you know, most altcoins um certainly uh among the bigger ones have
actually outperformed um BTC recently. Um, and I mean, hey, even Ethereum’s been catching
a bid. So, that leads us to the that naturally leads us to the question, well, is is altcoin
season beginning to dawn? Are we have we turned the corner? Yeah, it’s been a long time, guy, for
the altcoin holders, you know, it’s been a long time. She bought she bought XRP at the bottom of
the sea, at the bottom of the bare market lows, and she’s been waiting for her time. It’s been
84 years, which we are $3 at XRP, etc. Um it’s been a long time coming for me and thankfully
there are some things starting to show this the green the green shoots of an altcoin season. So
firstly um one of the most important is that not only has Bitcoin hit an all-time high but Bitcoin
dominance has started to fall uh fell below that trend line that had been shaping up since May when
Bitcoin dominance had continued its upward trend. So could this possibly be be the first signs of
an altcoin season and not just well this is the this is the number one indicator isn’t it of
altcoin season you know for an altcoin season to to be possible bitcoin dominance has to fall
so this is definitely a good sign Ben according to Ben cow this is the only this is the hallowed
indicator it is the only indicator that matters but there is another indicator which you
can look at which is also interesting and this is the ratio of the others market cap to the
bitcoin market cap now For those who don’t know, the others is the chart that’s the market cap of
all altcoins below the top 10 in market cap. So, it’s a good proxy of the altcoins outside of
the smaller kind of altcoins, the ones that most people are betting and putting their their hopes
and dreams into. And this is actually also seen to have found a bottom where it was near a complete
low. It was near like five to six year lows over the about two weeks ago, but it started to finally
see a recovery, which is good. Um, so yeah, and I think what’s interesting about this others
Bitcoin chart, this is an interesting chart that we’ve got from um on Twitter from Titan of Crypto
and he shows this long long-term trend line of the lows reached with this others to Bitcoin chart
and as you can see there 2020 it was when when it reached the bottom of the trend line and now it’s
starting to recover hit that trend line and what happens after it bounces off of that long-term
trend line season. So, you know, if this is anything to go by, interesting chart. Um, and, uh,
there’s also, of course, our infamous uh, altcoin season index. Yeah. So, this is at it highest
level since February. It’s still got a it’s still got a way to go, but I mean, we looked at this
indicator, was it last week or the week before, and I think it was about 12. So, exactly. Well,
look, I mean, you got to go somewhere, you know, it’s something, right? And look, it’s it’s it’s
still not it’s at least it’s not in Bitcoin season anymore. It’s going towards altcoin season. It’s
at 37 and it’s the highest since February. So the the trend is your friend at least for the altcoin
season index indicator. Um but the most important thing what’s really interesting here I think is
the fact that this is happening guy in the context of we don’t even have retail yet. Retail isn’t
here. Yeah. And when retail starts waking up, you can see this in the in the stats. For
example, this is an a good indicator of like the retail spot retail activity. And right now
it does it’s neutral. There’s no it’s not not many retail that are buying. Similarly, retail
participation in terms of um volume volume of of altcoin altcoin volume compared to spot um
compared to bitcoin on exchanges. It’s now in an in the performance stage. Right. So the volume
is outperforming that of bitcoins in terms of trading volume. So it measures the ratio of alcoin
volume to bitcoin volume and it’s how it evolves over time and we know in this particular stage.
So it seems like if retail does start waking up and does start coming in which many people think
could happen when you have easier monetary policy. Trump is indeed speaking about he wants 3% cut
from the interest rates. Retail starts coming in man that that Bitcoin dominance uh indicator
could fork a lot. All a lot. Yeah. And of course, we’ve still got, you know, in terms of in terms
of altcoins and capital flows there. I mean, we’ve still got a lot of altcoin ETFs on the
horizon, you know, um the many many and the SEC has been acknowledging those and and has been a
lot more open to um to them in general, hasn’t it? Because it was it it just didn’t want to know um
in pre under under Gary Gensler. So, you’ve got to imagine that suddenly we’re going to get um we’re
going to get these big um uh big liquidity uh you know openings for for some of those altcoins
that get ETFs. Oh yeah, 100%. Um and coming to exact some other charts um interesting charts from
Twitter uh friend of the channel Mr. Michael funa. Um he has also got this he looks at this altcoin
season index indicator and he shows that for the past 5 years the altcoin season index has bottomed
in the summer primarily in June and um it has a strong second half with alts following. So you
know since we’re in midbull and QE is easing the next move will likely be a much bigger Q420 than
than Q4 2024. So that’s interesting. And indeed, one of the biggest permabulls himself, who was
previously quite bearish guy. He said that he was wear bearish because of the TGA refill. This
is Arthur Hayes. He said he was previously quite bearish, but now um you know, he’s got he’s he
says that monster alt season is upon us as BTC hits key resistance and slows. So, yep. Let’s see.
Let’s see if Arthur calls it right. But, um yeah, backing up the truck. And that’s interesting what
he says. uh Trump that taco on tariffs that Trump always Trump always chickens out. I think that I
think that acronym has definitely got to Trump. I don’t think 100% 100%. Like and which is kind
of like why would they do that? Because now he’s going to like I’m going to show them I’m they
say taco. They’re going to say I’m chickening out and he’s going to go say okay Japan not 30%
tariffs. Let’s go 100%. Trump always Trump always chickens out. So don’t tempt him, right? Don’t
tempt him. Don’t tempt the man’s ego. But yeah, it’s really exciting times. I mean it’s good to
see that also catching a bit. It’s good to see that Bitcoin uh dominance is starting to fall
a little a little bit. Um I can’t it’s hard to say conclusively that it’s going to continue like
that because I think that right now I think that what what will sustain this is retail entering
the market but retail will come at some point when easier monetary conditions you know manifest
themselves. Yeah. And a good point from Nick’s hammer here. Alt season has only been going for a
day or two. Let’s not get get ahead of ourselves. I think that’s very true. Like it’s you know this
is this is a great time. you know, it’s great to see alts catching a bid and it’s great to see uh
you know, people getting in profit and stuff, but um we need to see this on a more sustained basis
and there is going to be profit taking and you know I think I I for one I you know that is that
is something we want to see because you don’t go broke taking profits. So there’s there’s a lot
to there’s a lot still to see whether alts can sustain this momentum but it’s definitely you know
as you pointed out with those indicators earlier it’s definitely headed in the right direction.
So, let’s hope it can keep up the momentum. Um, because I think if it can, then that itself will
help propel it. You know, the longer we’re able to sustain this, uh, then the more traction I think
it will gain. Yep. Hopefully, man, inshallah, it’s time for the wall of fame and shame,
guys, to bring it up. The winkling is the boss. What a love that groove, man. What
have they done to us to this? Oh. Oh, Breaking Bad. Okay, it’s not that
bad. Breaking Bad. Do your joke laugh. Do that funny laugh thing
you guys play. St. Put it on, guys. Oh, hold on, guys. I like that. I think we
should I think we should get that uh framed a picture of that printed out and framed in the
office. Yeah. Well, what coin are you staking, guy? If uh uh yes, I think No, I think I’ve got a
bit of soul staked there. Staking your soul. Yeah, man. Walter White would do that, right?
Absolutely. Absolutely. He’d be staking soul left, right, and center. Um, okay. Nick Hammer says,
“That’s a deals advert waiting to happen.” We could we could make that happen. We could make
that happen. We just need those uh attitudes and stuff. Yeah. Cool. Cool. Um, so who’s on the
wall of fame guy? Well, um, a couple of weeks ago, we uh we highlighted some of our wonderful uh
viewers. Um, and we thought we’d put a couple a few more on there as well. Not only are these
guys uh regular viewers, but they’re also regular commenters on the stream as well. And look, as
I’ve said before, we love Nick and I love doing these streams. Um, and it’s it’s a huge part of
our week. And but if no one’s watching and if no one’s getting involved, then there’s no point. Um,
so we just want to we just want to say again how much we appreciate you guys. Um, and especially uh
those of us uh like the guys on screen who’ve been um watching and commenting and supporting for a
long time. Um and hey, if you if you do like them, I know there are I know there are others as well.
Um uh and you might find yourself on the wall of fame one day, too. But yeah, just to remind you
guys how much we appreciate your support. You’re the real MVPs. Now rolling over to the wall of
shame. We just got to say, guys, anyone who was a bear Yeah, man. It’s It’s must not have been a
good week for you, you know. Yeah. Rest in peace. Does Does that because I said we would probably
chop sideways. Does that make me a bear? No, not really. Actually, no. I mean, you just didn’t
Would have been worse if you told people you were going, you know, it’s going to crash, going to
short and all that kind of stuff. But no, don’t think you’re necessarily a bear to be honest. It
was also potentially an it was also potentially an outcome, right, given the market conditions.
But um you know these explosive meltups, Bitcoin is known for this. So you know uh but
anyways thankfully you weren’t short. Uh none of us here at Team Co were short thankfully. And
uh this is what happens. You lose your shorts if you short Bitcoin. Don’t short the future. Yeah.
Yeah. So all the bears hang hide hang your heads in shame. Although I I imagine they’re probably
already doing that. They don’t need us to tell them that. Okay. Um All right. So that is the wall
of fame and shame. Well done. Well done guys. Now, um we’ve been talking about how it’s been a
big week for alts and some alts in particular um have had an absolutely massive one. It’s
kind of hard to single out a few, but um we thought we’d try anyway and see if we can get to
the bottom of why exactly these particular ones have been doing so uh so well. Um so, Nick, what
are we going to talk about first? So, we’re going to talk about Bonk. Bonk has been going bonkers.
We obviously talked about it last week as well. uh it was with the top gainer last week and it’s
been gaining again this week. Uh and there’s a few reasons for this. I think there’s renewed
optimism in memecoins. There’s renewed optimism in the Salana ecosystem and also because of what
we’ll talk about next which is the pump ICO uh because Bonk also launched the uh or let’s
bonk.f fun which is an anal it’s a competitor to pumpf fun as a launchpad and it actually
overtook pumpf fun in terms of 24-hour revenue. uh last week. So this drove a lot of optimism in
the Bonk ecosystem and um Bonk was also added to the Grayscale Q3 list to watch. Um so this is very
good. This is this is renewed optimism for Bon and Bonk is an OG memecoin in the Salana space.
Remember it was given out as an airdrop in the original Saga Saga phone I think and potentially
that could be included in the Seeker phone, right? So that’s why Bonk is seeing a lot of excitement
right now. Yeah. and Bonk, I guess, you know, that is the sort of um an OG meme coin in general,
but certainly the OG memecoin of uh of Salana. And um yeah, I think that I think the Seeker
phone is due due for release this this year, maybe even in Q3. Um so I think there’s definitely
probably some speculation around that as well. Yep. Yep. Indeed. Speaking of um Pumpfund,
then of course last weekend was the ICO. Now, God, you you you didn’t try and participate in
this one, did you? I didn’t. I didn’t. And I I think I I mean, I think I was very much in the
midcurve of this one because I was like, well, yeah, it’s, you know, there’s the there’s the
famous diagram, isn’t there, of um of both sides of the curve. Um yeah, I was firmly mid-curve
on this. I was just like, well, it’s yeah, it’s it’s been the hottest project. Everyone’s
talking about it. It’s generated a lot of revenue, but I just I just didn’t have the energy. What
about you? Were you were you involved? So, I was thinking about it. Uh I spoke to a few
people on in the team and the research team as well. I tried to get perspectives on it and it was
squarely 50/50. Um and I also thought to myself, well, this is probably I knew this was going to be
an insane ICO in terms of how quickly it sold out. And I was going to participate on Bybit because
that was easiest. That’s where the KYC was done. But so this thing sold out $500 million ICO in
12 minutes, right? This is probably the biggest ICO launch since 2018. Probably one of if you
were even to compare, probably only beaten by the likes of uh Block One and and um EOS, but 500
million in 12 minutes, 33% of the tokens are going to the ICO. But what’s even crazier than that
is all the launch all the exchanges that were also participating. If you done your KYC there,
you were going to apply for an allocation there. They had API connection issues with actual pumpf
fun itself to the extent that if you didn’t buy within the first minute of the release on the
on these exchanges, you probably wouldn’t get filled. Um so it was pandemonium and you know
there was for example and I mean for example on bett right like there was many people who were
angry because they didn’t get an allocation but thankfully bett has come out and said look we’ll
do it on a first come first- serve basis. It was multiple whales placed $1 million plus bets.
It most of the allocation went to the top uh 1,00 to about thousand 1,000 wallets constituted
most of the pre pre-sale or the public sale. Uh, so it definitely did blow the lights out in terms
of people aping in and it’s crazy because guy I think we pushed a tweet on the weekend um around
pe asking people if they were going to participate in this and like 80% said no and I was like oh
okay so they’re not going to buy but still 500 million people deegans are going to dejen dens
are going to DJ right absolutely absolutely um yeah and I mean I guess probably a lot of people
sort of felt the same way that I did. It’s like this thing is just going to be so crazily overs
subscribed even trying to get in is probably going to be is probably going to be difficult and that
that’s how it was. So I think probably that put a lot of people off to start with and what was
even crazier than that was this is quite funny. So prior to the ICO itself, the actual sale there
are there were futures markets on Hyperlquid and I think Binance where the pre-token itself was
trading right so you could literally and it was trading on these futures markets at a 34% premium
to the ICO price. So some people thought hey this is an interesting arbitrage opportunity. I can
go in there and short the futures and then buy in on the ICO and get allocated tokens and then
I’m going to make the difference because either one is going to fall, the other either way I’m
going to be delta neutral. I’m going to get the if it’s going to come down in terms of like the
arbitrage opportunity there. There’s one massive flaw with that trade and that’s you 100% assuming
you’re going to get filled in the ICO. You don’t actually hold the spot. So because people did
this with massive amounts of leverage and you know notional on the short position and they weren’t
filled you have now the worst both worlds because you don’t have the spot in terms of the the price
or the actual spot token in terms of pump and you got you’ve got short exposure to a to a futures
position in a very hot ICO that has sold out in 12 minutes at $500 million. So people got absolutely
wrecked on this you know arbitrage trade. So it’s a clear classic example of FAFO, right? Very true.
Very true. And again like just just shorting I mean I know there was you know I know there was
supposedly an arbitrage opportunity to exploit but shorting in this market that takes shorting pump
is literally called pump. You shorten the pump like bro who’s in the name bro? Take a hint
man. Um, but I guess this comes back to the question like, okay, that was the sale. I guess
the reason many people are excited is because Pumpfin wants to become a lot more than just uh
a a memecoin launchpad, right? Yeah. And this is um I mean this is this is something they’ve been
they’ve been talking about a bit because I think obviously they’ve read the room and seen that
not only is the memecoin meta um dissipated to a large extent but also as we pointed out when we
were talking about bonk earlier there are now lots of competitors uh to pump funds. So yeah, the team
there, the team at Pump obviously realized that uh that um diversification is is key here. And it’s
interesting to see them um you know try and expand into into sort of legacy so take on legacy social
media and things like that because we’ve heard this before and I know like decentralized social
do was uh was a narrative that people were very bullish on and I was kind of bullish on it um for
a time as well but I think it’s it’s so difficult to take on these established platforms and and the
irony is a lot of these established platforms you know X is is is pretty horrible to use you know if
you open the for you tab on X, God help you. Um, and you know, so many everyone knows that so
many of these legacy social media platforms are difficult to use and kind of right to be ripe for
challenging, but no one ever gets close. You know, Blue Sky, I guess, came closest and and just
doesn’t seem to be gaining that sort of traction. Um uh so I mean this is a bold this is a bold
call from pump where so I I’m not convinced that they can they can make this happen but you I
mean we’ve got a video on you did a video on this last week right on pump itself. Yeah. Yeah. So
it’s it’s an interesting story. It it’s a really uh fascinating story and like these guys you know
the guys building Pump um they were you know they they were in it they were in crypto for a while
before they they they launched Pump. Fun and they were building other things. you know, these guys
know what they’re doing. So, I I’d be hesitant to uh to fade them. Um, but yeah, it’s it’s a
it’s a tricky they’ve got a they’ve got a lot ahead of them to uh to try and figure out.
But hey, you know, at least they are trying to at least they’re trying to to drive value to
the pump token. Um, or you know, that’s what they say because you know, fundamentals,
I think, as we’ve talked about before, are becoming more and more important. Yep. Now our
third coin worth talking another meme coin as well um is a penu uh that we want to talk about
today. Now how iconic is this image guy? The pingu mascot no pudgy penguin mascot was on
the ringing of the bell at uh at the NASDAQ or at the stock exchange. Um, and uh, yeah, it’s just,
so this is the excitement around the Pangu token, which has had an absolutely crazy rally over
the past week. I think it’s close to 100%. It’s flipped whiff, it’s flipped Fcoin, uh, and, um,
it’s also on the back of potential optimism around an ETF filing, right? Uh, the Canary Capitals
ETF has been acknowledged by the SEC. Yeah. Yeah. I mean, Canary Capital throwing out ETF
applications left, right, and center, but yeah, the fact that this is being considered is is wild.
The first memecoin ETF is I mean, I wouldn’t have thought that. Let’s could be it depends who’s
behind it, but if it is the first memecoin ETF is Pangu. That’s crazy. Yeah. Yeah. And you
know, in terms of in terms of Pudgy Penguins, I mean, we’re talking about arguably, I’d say
some of the strongest intellectual property um in the crypto space. And you look, you know,
I’m getting I’m getting similar vibes around it or or seeing the same traction that we saw with
the likes of, dare I say it, board apes and and crypto punks last cycle. You know, they just Pudgy
Penguins just seem to be kind of ubiquitous at the moment. And we’ve got loads of people loads of
people on crypto Twitter and places like that, you know, changing their um uh changing their
uh profile picks to being to being a pudgy. Um, and which I think gives you a good indication of
how, you know, how much they’re sort of catching on. Um, but you you mentioned it being a memecoin,
Nick, and and the potential first sort of memecoin ETF. I mean, I think there’s I think you could
debate whether it is still a memecoin. Um, because there is they do seem to be driving value
to the pen penu token um, you know, from legit projects. I mean like you know if you’re because
it’s easy to forget that there is actual physical there are physical toys and merch behind this
thing right it’s not just an online thing and the royalties you can earn with your pudgy as well uh
so yeah there’s definitely utility they’re trying to build into this memecoin um and you mentioned
there of course the uh Twitter accounts and and personalities on Twitter who’ve changed their
profile picture exchanges one of the biggest Coinbase has changed to a pudgy we’ve had um
OKX as well and I think you said Bance US as well prior Binance US I think have got their own
pudgy. Yeah. Yeah. So, and indeed they got this branding on other merch as well with other merch
in the crypto space including over here we’ve got interesting Ledger device a Ledger Punchy
Penguin with a Ledger Flex which you you attended the Ledger I’ll just show this on the screen guys
there right you went to the um during token 2049 in 40°ree heat there was a ice plunge of the Pudgy
Penguins and Ledger right and you went to that there was I did go to that I didn’t take the ice
plunge the Ledger people were determined to throw me in there, but I managed to resist. Um, but yes,
the irony of uh of the Pudgy Penguins being all over the token 2049 in 40° C was not lost on me.
Um, but uh it was uh yeah, it’s they were they were everywhere. And like I say that they they’ve
got this incredible this incredible asset of this very recognizable IP um that is, you know, that
is just becoming ubiquitous. And I think that’s uh I think that’s a big reason as to why
Penu’s been performing so well. Yeah. And if should we look at Can we check on the likes, guys?
How far are we on our likes? Um, 600. 600. So, we’ve got Yeah. Come on, guys. We need to pump
that up. 9 900 more to get our portfolio alpha. Pump the likes, guys. Come on. Yeah, pump
those uh pump those likes. Um, okay. Uh, let’s have a look at the top gainers from last
week, then. And we begin. Um, now I must say I hadn’t really heard uh much about this one. Um,
Memecore and it’s Mcoin. Um, now this is a a sort of memecoin focused L1. Um, it there there are
there do seem to be some pretty strong cult vibes around this one. Um, but M has had some pretty big
uh centralized exchange listings recently. There also appears to be an ongoing airdrop campaign.
Um, and I mean it’s it’s retraced quite a bit, but it is still absolutely, you know, it’s blasted
out of nowhere into the uh into the top 100. Yeah, I’ve seen it trend and it’s crazy. It came out
of nowhere. Um, yeah. Second top gainer is of course Pudgy Penguins, Pangu. We talked about it.
Um, the strongest IP in the space. Yep. Yep. Uh, next up we have now here’s an interesting
one. Stellar XLM. Um, it’s been Yeah, this is this is an interesting one as well. Um,
a dinocoin. Um, but there is a lot happening on uh on Stella’s network. Um, not least a recent
integration of PayPal’s uh PYUSD. Um, which I think is probably the major catalyst for for this
recent rally. But yeah, Stella is Stella hanging in there. Um, and yeah, a stellar absolutely.
Absolutely. Where’s the laugh going? Wonderful. So genius. Um, it’s so cheesy. What’s next? My
dad joke. Um, no. Margar Mocoin don’t get uh So, this is a memecoin. I believe it’s on Ethereum,
right? Um, and we always see these are the ones with the that reply the reply guys on Twitter,
right? With a mog don’t get mogged kind of stuff, right? Very effective community. Yeah. And I mean
I was trying to I was trying to find whether there was a particular catalyst for Mogcoin that
all I could see was well it was dogs last week with Bonk. This week it’s Mogs. Deal with
it. Okay. Cat cat meme coins. Um cat coins. And then another one that’s performed very well this
week is Algo’s Algo. Yeah. Yeah. This is uh this was a little bit unexpected. Um I have to admit I
dug into this a little bit. There does obviously Algarand has a very very strong community um
who’ve stuck with it through thick and thin down the years. There does seem to be uh there
does seem to be um a lot coming up for Algarand. There’s a new road map incoming. Um they recently
uh had a integration with Wormhole. Um but I must say I was a bit surprised to see Algo pumping
as much as it did considering that Tether is um quote unquote sunsetting USDT. algorithm
goes to show you in a bull market it’s um and I that is that is slightly bearish to the extent
that you want stable coin liquidity on a on a layer one um but yeah I mean this in in your
four year people are going to bid into it right uh so Algo performed well done to the algo
crowd the Algo Norths we have a long history with Algo North yes we have a long history
certainly do we certainly do okay let’s have a don’t let’s go there let’s have a look
at some uh tweets of the week. Yep. Go. Okay. First up is uh this one from Saig. Look,
there we are. A pudgy penguin. There we go. QED. Um Saiga always has always has a good take on
on you know on what’s going on. If you’re still in crypto today, congrats. It wasn’t luck that
brought you here. It was mental illness. Congrats, guys. You’ve made it, man. Your mental illness
has helped you to get a lot of gains. Now you can take those gains and realize them and go and
buy and invest in a psychologist, the therapist. Therapist, take some take care of yourself to
get the help that you need. Yeah. Yeah. Um, great take from Saigar as always. Okay, next
up we have this one uh from another one, another person who is never short of a great
take. What? What’s going on here? What you got? So basically just for the context here guys
if you were on crypto Twitter last week you will have seen all of the grand ambitions
and grand predictions people had for pumpf fun in terms of what it could be everything from
streaming platform to you know lifestyle what are uh taking over web 2 and gu is an interesting
take here he says pump now has a chance to supplant twitch maybe even Tik Tok and Instagram
Snapchat I don’t see why they couldn’t compete with Saudi Aramco maybe even Johnson and Johnson
Open AI now a direct competitor with AGI born on Salana. I don’t see why Pump couldn’t make a
better iPhone. I don’t see why not, bro. Why not? I may as well get into it. That DJ Power can can
work towards building a new iPhone compete with that. I I I hear that Pump Pump has been taking
some of those uh some of those ICO profits and investing them in their own oil wells and stuff.
So, I’m sure it’s only a matter Look out Shell, bro. Look out Shell Chevron. Yeah, pump runs
riding up behind you guys. Yeah, next tweet. Okay, so this is our tweet um which is uh you
know if we can’t pump our own tweets here then where can we? Um but uh really
the star of this particular show is Eric Trump. Um so he tweeted back on the 4th of
February. It was a great time to add ETH. Um, and if you if you bought off Eric Trump’s Trump’s
tweet, then congratulations. You are in profit. Finally in profit, bro. Typical. And you know,
your typical K fashion, he’s going to say, “I told you guys I was right. I didn’t
put a timeline on that, but I was right. Number one, I told you so. Number two, I didn’t
say when. I didn’t give a timeline.” Yeah, bro. Well done, man. Top top K there. Top
K to Eric Dr Trump Drum. Beaten only by his uh and this was just the best. This is going to
cap it off. This tweet of the week. Oh my word. Oh my word. He disappeared guy. Yeah. Um the he
was a mystery the mystery of James Win continues. He deleted his account. I mean, to be fair, he
did open a ma he did publicly say he was opening a massive short on Bitcoin just last week before
the massive godly pump. Um, but I still am very skeptical that this was real. I think that tinfoil
hat, probably a gorilla marketing campaign by the team over at Hyperlquid or something like that
or a scop of some description. I I can’t imagine someone would come in here, run up a Twitter
account to 300 80k, have a 100 million unrealized profit, taking that amount of g that amount of
risk and then just disappear into the ether. So, we shall see. Well, all is true that if it’s true,
then this guy is like um the kind of individual who they should write do a Netflix story on,
write a book on. All I’d say to that, Nick, is that I mean, dude, this is crypto. Like, it
is entirely possible that this whole this whole James Win thing is exactly what it appears. Razer
says that, you know, this there this guy is just a degenerate gambler. I I tell you I tell you what
though. If it did if it does turn out to have been a scop to have been like a a well-run campaign by
the Hyperlquid team as you as you suggest, if that ever turns out to be if that’s ever confirmed,
I tell you now, I will go out and buy as much hype as I can get my hands on because if it is,
those guys are are geniuses. Um that is uh yeah, if that if that is true. But um I hope if James
Win is is real and he really has been on this wild roller coaster. I I hope that yet he’s deleted
his account. I hope he’s out touching grass, spending time with family, you know, just getting
his getting himself straight. Yeah, exactly. Taking those gains. You know, he doesn’t have
any gains, but whatever. You know, seen the much neededed therapist getting some help. But either
way, it was a crazy story. Um only in crypto. What a what a crazy story. Anyways, time guys for some
coins to watch for this week. Now, um there’s two particular coins I want to bring up. One is Sonic
OS. Now, this is of course the rebrand Phantom, one of the, you know, better performing L1s
this year. Uh this is the S1 season one of their S airrop will open randomly between the 15th of
July and the 22nd. So, get ready for that, guys. Mhm. Then, um we’ve got a big token unlock on the
18th of July with Trump token. 45% of the supply 90 million tokens are going to be unlocked. So,
uh, additional exit liquidity has been searched for. Okay. So, uh, if if Donald Trump seems in a
particularly good mood on the 18th, may you know, maybe he’ll be in such a good mood that he’ll
just drop all the tariffs um and, uh, and just be really chilled about it. But if he does, that’s
that’s why. Yeah, it’s interesting. Speaking of the Trump token, I I just I I think I tweeted this
on the weekend. It’s crazy that we got uh we were hoping for um Trump released a memecoin before
he released the Epstein files. We were rugged. Rugged, bro. Hoping to get the Epstein
files released and released a memecoin. There we go. That’s the There we go. That’s
the disclo. There we go. Here you guys get it. Okay. Any uh and any dates for the diary we
should be we should be aware of this week? This whole week is crypto week as we mentioned
at the top of the stream. Clarity, anti-CBDC, and Genius Act. But although that’s exciting,
I’m not really I don’t really care about the crypto week. What I really want to want to
know about is the anti-cryptocrion week by Maxine Waters and and crew who are holding the
same time uh talking about crypto fraud, etc., etc. This is this is the party happening
on the anti-crypto side of the street. Exactly. Yes. They weren’t invited, so they
weren’t happy. They said, “We’re going to do our own party and we’re going to invite
all the cool kids.” Uh, so yeah, you know, uh, other things to watch, as we mentioned, CPI
numbers on Tuesday, 4:30 p.m. uh, East Gulf time, which is 8:30 a.m. EST. We got the CPI numbers.
Very important. The expected is 2.7%, the previous was 2.4%. This is on the headline year on year.
But then on the core number, we’re expecting 3% versus 2.8%. 8% previous. So, a slight pick up
expected. Uh, but of course, if it’s below that, that’s great. Uh, potentially a harbinger of rate
cuts soon. And then on Tuesday, 4:30 p.m. G time, 8:30 a.m. Eastern time, initial jobless claims,
233K expected versus 227K previous. Okay. Okay. So, plenty of data out there for people who like
that sort of thing. Um and uh yeah, so generally um in terms of uh how people are feeling in the
comments, like I said, pretty good. Um Eric is very bullish on USDC. $4 by September. Go long,
bro. Go long 100x, bro. Go long 100x. Why not? Um I like that. Thank you for sharing that, Eric.
Um Keeps Format, uh one of our one of our wall of famous um asked a pertinent question. Will
there be online psychiatric service discounts in this coin bureau deals page? That is something we
should probably work on. We working. We’re working on it, guys. I’m trying to secure a deal there. I
first need to obviously try the service out myself and I have been going for therapy for the past few
weeks just to test it out. Once we get a good deal there, I’ll bring it on as a referral. We can get
you some good discounts. Okay. And uh hey, look look at look how look how good therapyy’s been for
Nick. I mean, it’s you know, it’s really really turn. I feel so zen about life, bro. Yeah. I I
I I like the um I like the tone of this comment um that Joshy’s paid for. I’m Indian and I support
pump. Okay, bro. Cool, man. I hope you got in, man. I hope you got in, Joshy. How many How much
is the rupees and the exchange rate? I’m not sure. I’m not sure. But uh hey, pump has support from
our Indian friends. I wonder how we’re getting on the test match by the way. Also, Sydney says,
um, “Guy’s most bearish look was the trash bag, and it marked the lowest point.” I think he might
be I think he might be right on that score. Uh, yeah, I mean, that was true. And then without the
shoes and everything sitting in the trash bag, that probably marked the exact bottom. Well done,
guy. Well done, guy. When you hit rock bottom, you can you can’t go any lower. That’s it, man.
Exactly. I was willing to de debase myself in order to uh in order to get us uh get us to the
bottom. And I used to chat in France, man. Lovely. Yeah. Yeah. And here I am with my with my brand
spanking new piano in the background speaking to uh the Conan the Barbarian guy. That’s a new one.
That’s a new one. Cool. Conan the Barbarian. Can call me Conan. Absolutely. Absolutely. Okay.
Well, um so we’ve had some new all-time highs. Uh we could we could have some more new all-time
highs on the way. Um, I’m feeling pretty positive about this week, which given that I was wrong
about last week, uh, is probably not a good sign, but we could well go higher from here, don’t you
think? Oh, definitely. I mean, I think that we’ve now seen a little bit of a retracement. I guess it
depends on what happens on the macro side. There could be a little bit of top profit taking. Don’t
forget that CME gap I mentioned, but I I also won’t be shorting here. Uh, given the amount of
euphoria going on. Um, so yeah. What’s the light check, guys? 800. 800. So we unfortunately we
would have given you something if it was above a thousand but uh you know we couldn’t get it there
unfortunately. Maybe for next week. Yeah maybe. Yeah. Okay. Well as we got as we got sort of over
halfway next week uh I will let you guys know about a couple of portfolio changes that I’ve made
recently. Um and maybe we can get Nick to share some info on his trading activity as well and and
maybe even his workout regime. Both man. Happy to share it. Now the mic’s come along. Um, but yeah,
and obviously we’ve obviously told the people in the Coin Bureau Club, if you are a member, you
will have known what portfolio changes we’ve done, what we’re doing. Uh, so if you guys aren’t
a member yet, uh, we’ve got some big changes coming as well, important changes, upgrades, and
that where we will be having a price increase, but legacy members will keep the same price rate and
be upgraded to the top tier VIP level. So, if you want to get in before that upgrade comes along,
we’ll leave a link to the coin bureau down below. Absolutely. Absolutely. Highly recommended. Okay,
Nick, great to see you. I will be back with you in the studio next week. Um, thank you everyone for
watching and we’ll see you again soon. Cheers. Guy, you won’t believe it, but this is not the
first time you’ve said that’s so cheesy. At the exact moment I touch a cheese while listening
and cooking. Guy is vampire. Ballinger just calls them bands. Guy is vampire. Ballinger
just calls them bands to infinity and beyond. I’m ready for a bullish week. God lives on
equals blood. this. Can you reveal your ties? Um, so, uh, do you want to know the Do you
want to know the score in the test match, Nick? Do you want me to bring you
up to I’d love to know what’s going on the test match. I’ve been waiting the
whole stream just to hear exactly what’s going on in the test match. I I baited
breath. What’s going on, mate? Okay, hold on tight. India require 55 runs to win with
just wickets remaining. Two wickets remaining, Nick. Okay, this is more exciting than all time.
I mean, this is I got to go and watch, man.
