Memecoins Are Stress-Testing The Future Of Tokenized Stocks | Weekly Roundup

Jason (0:00)

Nothing said on Empire is a recommendation to buy or sell any investments or products.

All right, welcome back to Empire. Back, Santi, me, no Rob, as it should be. Get out of here, Rob.

Santi (0:17)

Which means, ladies and gentlemen, we're not going to talk about regulation, we're not going to talk about the polymarket, and we're not going to talk about the Dragonfly portfolio.

Jason (0:23)

I saw Rob was supposed to speak at that StableCon event with Rob. Couldn't make it, but Rob was looking dapper. I saw a picture of him. So, no doubt.

Santi, how's New York? What are you doing in town? It's great.

Santi (0:36)

It's electric. I'm here with the team. It's the best time to be in New York. The US Open's going on. Fashion Week's going on. Neither, part of neither, but it's a great time to be back in the city.

Lots to talk about, man. What's going on in your world?

Jason (0:55)

Who'd you see at the US Open?

Santi (0:57)

I saw Coco beat, what's her name? I seen Nova or something?

Jason (1:03)

You didn't stay until 3, 3.3 in the morning to see Akrath?

Santi (1:07)

No, no, no. So my flight got canceled twice, so I couldn't make it in time. And I landed. I was very jet lagged. Incredible match. Did you see it?

Jason (1:17)

No, because it was, you know, started at 11 p.m. and went till 3 a.m. I don't know what the US Open's doing this year.

Yeah. But it makes no sense. But I did. But you should watch. There's these extended highlights. If you go on YouTube and watch the like type in Extended Highlights Alcara's, you know, Shelton. It is the most athletic game of tennis I think I've ever seen in my life. It is an unbelievable match.

Santi (1:38)

Yeah. I mean, we're not going to talk about the US Open. But two things that are pretty impressive, like the age of these athletes, like they're 19, they're 18, like and and the athleticism and the amount of Americans that have gone far on both men and women. But yeah, some pretty, pretty, pretty good stuff.

Good to see it.

Jason (1:57)

Okay. You don't want to talk about the Open. What do you want to talk about? Tokenized stocks, Robinhood?

Santi (2:02)

Been in the trenches. Been in the trenches.

Jason (2:04)

Okay. So you guys, I missed last week. I didn't, and I didn't listen. So I don't know what you guys actually talked about, but hopefully you guys were talking about Robinhood.

Santi (2:12)

Oh, absolutely. I mean, I'm back in the trenches.

Jason (2:15)

So you're on FOMO?

Santi (2:16)

I downloaded FOMO like two weekends ago, and it was like an electric weekend because you had a huge run-up. You had Meme, you had the whole debate of like these public company CEOs, like really being vocal and critical about these Memecoin paired with tokenized stocks, and then Vlad is getting involved. And so I saw the run-up of Meme to what basically zero to a hundred million.

And then obviously Boner, which is a Memecoin tie to Hymns, really interesting phenomenon. And then obviously the entire showdown now, there's a really interesting stuff happening in the trenches. We'll cover some of it here, but what things I find interesting, the sheer growth of Robinhood and what it's doing to its business, and these Memecoins paired to tokenized stocks, and also Solana putting up a good fight now, saying, wait a minute, not so fast. We're not gonna just sit idly. You have Toley and Raj and Stonks and Pump, and there's these like chain wars are back. Memecoins are back. It just feels like Solana with kind of moment, you know, it was like...

Jason (3:28)

Things are extreme.

Santi (3:28)

Maybe like 2024

Jason (3:30)

No, things feel extremely alive right now. Do you remember when the... I'm gonna take this from Mike, cause Mike and I were catching up about like, what is this moment in time that we're in? Do you remember? And Mike, this was, I'm gonna steal this from Mike, what she pointed out. He said, do you remember when the coin telegraph intern, this is the last cycle, coin telegraph intern tweeted out, saying, I forget exactly what it was, but something about the Bitcoin ETFs, and we had that 10% candle, and everyone, it was just disbelief. I remember we recorded an episode right after that, and people, I think no one could believe that we could even see a 10% candle again. We had been in the bear market for so long that this idea of a 10% candle was crazy. And I think that's what the last couple of weeks have been. And do you remember what happened right after that?