yo what up what up good morning good morning gmg
friday friday friday friday uh march 28th 2025 look at that. Another beautiful day to have a beautiful day.
I got my coast in the house.
Tyler, man, good morning.
Good morning, good morning, good morning.
Yeah, not a great market.
Obviously, like I said yesterday, it can be very volatile on these days.
But it's more just down today yeah indeed uh indeed it is what have your people done what have your people my people
i think your people euro guys europe wars wake up hit the sell button the second we're about to
squeeze the bears you know we're blaming to squeeze the fucking bears. You know?
I can't believe I'm moving to a third world continent.
Sometimes, you know, it's not even third world country.
It's like a third world, a whole ass third world continent.
Really tough living here.
It's, uh, as he said, eating his salad or something like that in the sunshine.
Yeah, it's negative eight today.
Anyways, Tyler, good morning.
They just randomly take days off.
So they're just off today.
So we just decided to go up to the new house.
I don't talk about Bulls games very much.
the ending to that game was wild last night.
One of the wilder NBA finishes.
And the Bulls were down five with like 15 seconds to go.
They hit two threes within like four seconds.
And then the Bulls player hit a half-court three buzzer beater.
Oh, I'm looking at it right now.
I'm looking at it right now.
It's just a regular season game, but it was just a really fun ending.
Yeah, but the Lakers are on fire.
Nice. Yeah, it was Oh! Oh! Nice.
Yeah, that was a good one.
The Lakers, like, since that Donchish trade, are fucking sending it, huh?
That's all I know about basketball.
We like the Bulls, you know, because we are Bulls and because Scottie Pippen, you know.
Scottie Pippen, that's our boy right there.
But we're going to have to get Scottie Pippen on the show at some point.
I know he's launched, like, a lot of projects, but, like, we just got to get Scottie Pippen on the show.
You know, just to say we got Scottie Pippen.
Anyway, so now the show, Market Report, it's grim.
Tyler's Top 100, it's grim.
There's some news we couldn't cover yesterday.
We got the homie from Infinite Objects coming quickly Hit me up, he's like yo I got like a two minute news to share
I was like fuck it, just come on, he's a good partner of ours
Whenever we do events, always giving us a bunch of dope screens
And then we have an actual show partner
After that, so packed show today
Oh it's Gate,, we got Gate coming.
Okay, cool. And then, roll bit, loot box bins. And then, last but not least, this show is powered
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next. Mando, I really need to know what's next. I need a crystal ball. I need to know
if this is just a Friday dump into a Saturday pump. I got to know it all.
Who is the man, macro daddy of the man?
So, yeah, not a great day today.
We had some PCE inflation data, which came in slightly hotter than expected.
And this is the Fed's main inflation metric that they look at.
So it kind of probably delays any potential dovishness, let's say.
It may not, but it's definitely gotten people a little bit more scared about that.
In general, you see macro sell-off here.
You kind of have stocks down about, looks like down about 1% or half a percent to a percent.
Some of the major tech stocks are not doing well again.
But yeah, it's caused a bit of a dump across the board in uh in crypto
obviously as i said yesterday today is a very volatile day it's very difficult to kind of work
out um what is real and what is is just people playing with option expiries um and what that
basically means just so you're aware it's like an option is a is a price with which
you can buy and sell something at a future date um and this is this is the final day for some of
those options uh so people like to game the price so that like they actually have made money on the
final day that they can do something essentially um so you get often, let's say a lot of these were set at,
I said 90K, there would have been a lot,
but maybe a lot of these are set at 85.
People might be driving it below 85
just until the option expiry ends
and then it will snap back.
And this is important in markets
where option size often is much bigger
than the actual spot flows.
So on quiet periods, that can sometimes be the case,
and people can smash it around a little bit more than kind of expected.
But there is obviously some macro weakness there.
It looks like we are underperforming macro, I would say, this morning so far.
Bitcoin being down 3% on the back of that
seems like a bit of an overreaction tax talks have not really not really been affected that
much by it if i'm honest um like down one to two percent but like not not like uh getting hammered
and uh it looks like bitcoin dominance is is going back up to 62% again.
Because ETH is getting smashed in this process again.
ETH has gone comfortably below 1,900 again.
It's affected across the board, really.
Like Solana's back below 1 affected across the board, really.
Like Solana's back below 130.
I'm trying to think of which other one.
Sonic's down about 7%. All the L1s are really down about 5% to 10% here.
It's definitely not a great day.
Yeah, it's definitely not a great day indeed.
Man, ETH really gets keeps on getting smashed
down it's actually pretty wild we have um yeah i mean that's the thing isn't it like we always say
maybe this is the time for eth and then and then uh free time it gets really bad like this i mean
look at this like bitcoin dominance just looks like it wants to rip higher.
It's actually impressive how aggressively ETH dumps.
It kind of dumps all the other alts now.
The ETH chart doesn't... I'm not even trying to dunk on ETH.
I'm just saying it's's like down it didn't
kind of at the lows of where it
was you know when everything was
getting smashed yeah middle
of the month most other stuff
have actually has actually bounced more
bounce pretty well as well right
east is kind of at that low level.
It's definitely not been the strongest on the bounce either.
We'll see where life takes us, y'all.
We'll see where life takes us.
like they go, psych, just kidding.
It's actually ironic that it's April 2nd.
I think they purposely didn't do April 1st, you know what I mean?
Like now, we got to do April 2nd,
or else nobody's going to take it seriously.
But okay, look, we'll see where the market takes us.
But right now, 84.3, 129,
far coin back to 470 mil looks like we'll have another shot at that trade uh so for those of
you who missed it including me maybe uh maybe we'll get out we'll be able to get yeah pepe down
how invested are you at this stage for i know you got back i'm invested i'm invested yeah but
i'm spot invested so i don't really care you fully deployed or you
i'm not fully but i'm very
but this time around like i i took enough to like really chill because i'm moving right
because i'm like i want to live good you know so like hey you know i want to rent a really
dope place you know what i mean so we've been you know i'm i like you know i I want to rent a really dope place. You know what I mean? So we've been, you know, I'm like, you know, I'm deployed in a way that like I could chop for another, like, you know, I could chop for six, nine months.
That could be very chilling.
Like smartly, cautiously deployed, but deployed as fuck.
I mean, look, I thought I genuinely was, I guess I was wrong or short term I could be wrong.
I could be right tomorrow for what it's worth.
Like you're saying end of quarter, end of month, like everything's closing.
I was actually under the impression that the market was recovering in a very positive way.
So long, I kept holding strong above one 27 mark, 130s all week long, 138 couldn't even
break down for the last few days.
Bitcoin above 88, 88, seven, even at some point point I was convinced personally that we would hit
I was really sure of that, that I was sure of
so I was obviously completely wrong so far
and I was actually, unironically I thought
Ethereum was kind of like
rock bottomed out at 1800
but we're back there so clearly on the
short term like weekly basis
I'm wrong here um but i don't
know i was starting to feel more optimistic yeah yeah that it looks like it's about to literally
reverse it looks really bad like it's not like we're trying to be like fuck i mean tyler i guess
you're in a similar border as me like you and i were talking and what was it the day mando wasn't
around like you were cautiously bullish i guess that like, yo, we're cautiously bullish. I guess that's why it is Mando, like cautiously bullish.
But like, you know, I don't know.
I'm surprised this morning.
I genuinely thought going into bed, I would wake up at higher prices.
In 2018, ETH got to around $1,500.
So anyways, that was that was my outlook.
Yeah, I just shared a video.
So it doesn't help that Elon is retweeting these videos of people calling for a short, deep recession.
So I think that's the type of things that are spooking people in the markets.
Right. Like we, we talked about short-term pain.
It seemed like we kind of talked ourselves in this last two weeks that maybe
the short-term pain had mostly been felt in the markets already.
And then you've got the guy who's leading.
You can make an argument that he's leading a lot of decision-making of the
He's leading the cuts at Doge,
posting videos that are calling for short deeper sessions.
That's the person talking,
but he's explaining why what Elon is doing will cause a short deeper session.
All I see is Elon retweet and upgrade your IRA to Bitcoin.
It's on this Unchained show
and the guy's wearing an incredible shirt.
It's already been gibbified.
But there's like kind of hitting us
over the head with these messages, right?
And like I thought Bestin's commentary
in the last couple of weeks
had kind of walked back from that.
But I don't know if these two
were kind of butting heads
to a degree about how much pain
they want here in the near term.
But it kind of feels like
I don't think we're going to have a,
which way we're going to go
and we're just going to know for sure.
But I feel like at least until then,
we're just going to chop up and down and then perhaps we'll know more later
but it also looks like Mando's call that we're going to chop for six to
nine months feels more realistic than ever.
we're already three months into it.
It's it's at this that. Right. It's,
I've genuinely think I was saying more optimistic.
We'd squeeze and we didn't.
So probably the next time around,
I'm not going to believe in it and we're going to squeeze and go higher.
but that's the beauty of being in spot.
I'm down on all the soul I bought over the last week,
but I'm also not like phased,
in two weeks we could be back to like 150 bucks and it's like okay cool you know so spot soul is
good but yeah i believed i believed boys i got booed up last night too like ponzi trails like
yeah it's long long i'm gonna buy a new car i was like yeah i'm gonna ape into a crazy wedding
fucking zero this morning you know they don't that doesn't seem like a good combo
that's the thing like we were grinding up we knew we had the options expiring today
we were looking good you know we could maybe flip green today but no mando got us
bulled up yes he's like yo that myriad market line 89k that's gonna all i said which i agree
i just it wasn't taking into account
volatility and maybe down the other way did i know i know no no no no that's what you said
like we're going to millions it's like i believed it at 90k that was my trade so my whole move is
nothing that whole that whole trade i put on yeah you're right you're right and you you you place
it right because you're like yo it's just two% to hit that market. You know what I mean? It's like that's all it took.
So anyways, we'll see where that goes.
Tomorrow it could be literally the other way around.
So anyways, Tyler, let's get to your topics.
But quickly, the code today, we'll give it to you right now.
What a big brain code. uh rufflebot.xyz
shit i gotta do the box actually rufflebot.xyz uh the code is predict p-r-e-d-i-c-t predict
is the code today if you want to have a chance to win a pudgy penguin and or oh no just or actually
uh our crypto punk on fomo hour ty, let's see what you got for us. For daily NFT and crypto analysis.
Tyler T on FOMO Hour calls the kids pay and miss.
Yeah, folks, CryptoMajors very red this morning
with a near record setting $12 billion of Bitcoin options
set to expire later today.
It looks like those might expire in the max pain zone
per QCP capital below the 85K mark. We have Ross Ulbricht. He's back on the timeline,
teasing Silk Road 2 in a cheeky post yesterday on X. Elizabeth Warren calling the stablecoin
bill a grift and accusing Trump and Elon of using stablecoins to enrich themselves.
So a political divide there still in politics.
We also had house majority whip Tom Emmer slam that Wyoming stable coin,
effectively calling it a CBDC.
Tether is investing outside of crypto.
They had major investments in media and agriculture companies as they're
And then the SAI Foundation going deeper into D-Sci. They're exploring the acquisition of 23andMe
after 23andMe's recent bankruptcy and perhaps putting users' DNA data on chain.
We'll see where that one goes. Token airdrop and protocol news. We talked about Walrus yesterday.
They had a huge day. That token went to $0. a three billion dollar mtv at p it was closer to 50 cents
and two and a half this morning jupiter airdropped to their ape pro users five million jupe tokens
that's two and a half million bucks for those who've been using that app vertex officially
launched on avalanche as a new dex for spot and perps with AVAX rewards for DeFi traders.
Gunzilla Games, also an AVAX, is going to launch an AVAX L1, the guns network,
and their gun token on March 31st, going live on Binance right away.
Also a 4% token allocation to that Binance launch pool.
Then Myriot launched a new market tied to that Radium Launch Lab.
We heard from the Radium Launch, one of the Radium founders that this this launch lab was going to come in the next week betters are are
calling in a bluff betters were no on this one i thought that was interesting also one million
dollars in in in lifetime actions that was a nice milestone to see in ai memes and nfts ai market
down about seven percent not a huge surprise there.
Meme coin leaders down again in line with that.
Ghibli was the story again of the day.
It reached $40 million a peak.
A new all-time high after Kraken listed it.
And then also a controversial White House tweet.
We may have to talk about that in a second.
Bonk's getting into the art game, folks.
Bonk acquired exchange art
with the goal of preserving and elevating uh on-chain art collecting so i didn't have that
one on my bingo card for the day taproot wizards they finally minted out their collection point
0.31 bitcoin was the final lasting price that actually went under my uh over under prediction
but still a very strong result doodles unveiled their DreamNet as a decentralized protocol
for building shared story universes powered by Dood.
It's kind of like a virtual AI platform, but in the Doodles-verse.
And yeah, that rounds out the headlines.
Should we start with this White House thing?
We can if you want, yeah.
I mean, we don't have to go too deep and get all political about it.
I had to get a second take to see if that was a real White House.
The Ghibli, God damn it, Tyler. Ghibli, Ghibli God damn it Tyler
Ghibli Ghibli he's got in my head
so take me through this oh my god Is it gone? I don't know, 15 hours ago.
So clearly someone at the White House is at least plugged in to what's happening with OpenAI and the O4 model and the Studio Ghibli viral trend that took place. And they opted to make a gibbified image of this woman who the backstory here is she was arrested. She was an illegal alien arrested for fentanyl trafficking,
was deported from the US, illegally got back in the US and was arrested at the Philadelphia
airport. And they gibbified an image of her being arrested and i think a part of
the negative reaction to this there's multiple reasons to be upset i think one is like this is
not uh a very esteemed way you know for one of the the leading countries in the world if not the
leader to be acting or posting on social media has the the racial component as well like on the flip side i do understand what they're
doing like one of trump's foundational items he's going after right now is fentanyl trafficking
right this is like a foundational example of what he's trying to stop this is someone who
got into the country illegally trafficking fentanyanyl, and is back trying to do it again.
And they're sending a message.
And I think at this point, we know Trump's style.
He's not trying to be the most diplomatic person.
He's trying to send messages.
And they sent a message here.
I feel like he probably signed off on that one.
I don't know that that was going rogue.
I mean, there's probably layers to signing up on all these things, right?
I think nobody had a problem with the fact that they're sending a fentanyl trafficker back home after they reentered illegally.
I think people had a problem with, because I read a ton of comments about it.
Because even me at first, I was like on the edge.
I was like, which way should I stand on that one? Because we're probably going to i was like on the edge i was like ah like where which way should
i stand on that one because we're probably gonna fucking cover on the show and i was like well
yeah maybe let's not post like cartoons because the thing about by cartoonifying the drug dealer
you kind of made them look like a victim when they're not really victim like they're literally
like dealing fentanyl to americans like they don't deserve to be in America. Right.
So it's 90% of people probably aren't going to do any research.
that was a fentanyl trader that was kicked out of America.
Then came back illegally again and start fentanyl trading again,
So that person by all means should not be in that country.
I guess the problem is like you've cartoonified something very serious and
they kind of played themselves by doing that because they kind of made that person look like a victim because the cartoon looks like she's the victim
when she's not a victim she's a criminal yeah right you know it looks like on the surface
it looks like here's trump celebrating kicking out right latino woman exactly like you know and
then then you look at the picture alone it's like oh it looks like a person of color getting kicked
out of the country but that that person is actually not.
Probably should have been there in the first place.
The Ghibli-fication of things.
I have to say, though, I'm having fun with it, man.
My family pics and stuff.
We've been playing around in team chat yesterday.
We Ghibli-fied Sims with, like, rainbows coming out of his head and everything.
I mean, Mendo, you're quite the meme guy yourself. What did you
I haven't done a Ghibli yet.
You're a big chat GPT guy.
I don't know why. OSF put one
I think they're going to start slowing it down because they said that it's like melting their GPU and stuff.
So people are associating this new 04 model update, which is just an image generator with Studio Ghibli.
Like you can create any style of art image.
create any style of art image.
before to create an image
easier to do that very quickly
in any style that you want. I actually feel
as I've been digging into this,
it feels like the biggest zero to one
AI moment we've had since the launch of ChatGPT
with respect to the impact it's going to have.
the advertising world, I think
there's a large impact here.
like has a vision for what he wants his ad campaign to do.
Maybe previously he had to go to a designer.
Maybe that's a bad example,
but he can do it easily himself now.
And like the ability to be like a one-stop shop founder designer,
like you can run a business yourself basically.
And it's getting easier and easier to do that. And this one felt like a big, a really big unlock for me.
Yeah. That does make sense. All right. So what else, Tyler? What else is new in our world?
So Ghibli, the token went to 40 million. So it's now coming back down. But I do have to
discussion. I know we got to
keep moving forward here. I'm sending you a tweet.
just came out. It got to 40.
This is missing Pui's, by the way.
Yeah, so Pui's actually, they selectively took Pui's off because Pui's got to $50 million.
But the Hopium here, for those in the meme streets, back-to-back, starting to go a little higher.
I think there is some signs of capital starting to return.
signs of capital starting to return.
People are paying attention again.
we're seeing any major runners anytime soon,
especially if Macro's going to keep going
There's going to be some opportunities
I don't know. You're the one tweeting
You're the one being cryptic.
You know, Mando, Tyler gets
He had this last one at $1 million.
Tyler, what do you think?
You're tweeting cryptic stuff here.
I think we're going to have bigger opportunities.
Do you think downtrends? If you studied last, it was like you only had small cokes.
It was just Mog and Pepe, right?
Small, small, small, small.
Then it kept kind of growing.
So the question this time around is, is it those mons that are going to pump when we start rallying again?
So Mog, Pepe, Farcorn, the whiffs, all those,
or is it going to be this one new meme
during this period right now
and go to like $2 billion?
I mean, should we talk about
this Polymarket thing from yesterday?
So the headline that came out yesterday was effectively the polymarket team came out and acknowledged there's a situation where UMA whales manipulated a market.
They said, basically, we can't compensate users, but we're going to try to fix this in the future.
So the market in question here was Ukraine agrees to a Trump mineral deal before April.
So this market should be closing this upcoming Monday evening at midnight.
And it had been trending down below 20% because this deal was being talked about, but it was not being formally executed.
And then last week or just a few
days ago, it resolved to yes. And a lot of bettors disputed this ineffectively that the UMA Wales in
control were able to overweigh the vote, as I understand it, and get it to resolve to yes,
despite basically any objective opinion or any of the objective facts in the situation or this deal has not been done.
And Polymarket themselves said that, no, this market should not be resolved.
If it was up to us, effectively, it would still be live until the end of the month.
interesting they do nothing they can do and that no you can't and they did say this is not
They do nothing they can do.
you know in their defense they had they said nice things they said this is not a part of the future
they want to build they also said it wasn't a market failure i guess this this is in line with
the procedures they have in place they said they're going to work with the uma team to try
to avoid i think the issue here this this is the first time that something like this
has happened yeah it happened during the popcat thing right when someone with
popcat to a billion quick and there was a whole voters process and everything I
think I remember that like first cat to a billion yeah there's there's a handful
of these I think there's been a few folks who have been deep in this on Twitter.
This Hermansen person has flagged several markets where he's launched.
I have not gone through all of them to really have a position,
but this one seems pretty cut and dry,
especially with Polymarket coming out and saying
this was not the correct resolution on this.
They did the right thing coming out saying that, by the way.
There were some pros and cons here.
This is not happening for 95%, 99% of the markets out there,
but it does kind of put in question if these UMA whales can do this.
It's hard to put a whole lot of capital
into yeah potentially be manipulated so i'm curious i mean i'm curious for your thoughts
on this as someone who is launching your own prediction market and how do you avoid this
it's tough right like the whole because you know what it's a case of worse
to we're early like genuinely i'm not even trying to meme like we are really early in this prediction market boom i know prediction markets have been
in existence by the prediction markets have been in existence forever uh but this neo form of
prediction market is like brandy new and then the explosion of polymarket over the last presidential
election in the usa accelerated things in a really crazy way, then came in cash, et cetera. So I don't think we have hit the spot where we have the perfect Oracle yet.
We speak about this a lot.
Ironically, I have a call with Uma in like less than an hour.
But it's, you know, I know that Polymarket and Uma have been working with Celestia,
if I'm not mistaken, to try and build the Uma Oracle V2.
So I think it's just a situation where the tech has just not caught up to like how big
and it's becoming, you know?
I don't even think like it's like,
and like throw them under the bus.
It's like it was gamed, you know?
And clearly it means that we're not there yet
in terms of technology for cryptocurrency markets.
So hopefully it'll be fixed, man.
But yeah, even us internally, man,
like for us at the moment, like we're open about it's a centralized Oracle, right?
Like everything's centralized over at Myriad Markets, right?
That's why I'm not predicting, right?
It's because it's fully centralized.
The moment we can make the markets, we create the lines, we resolve it internally.
We create, like we do all the research ourselves until we can like slowly decentralize the decision making and the creation.
Like there's a world where like Mirad, one day the markets,
you guys are going to vote for creating the markets
and you guys are going to vote for where it, how it resolves and whatnot.
But we're just not there yet.
I think it's just a little too early.
But I'm expecting this to go really fast
because the more blows there is like this one,
you know, the more it's going to hurt the game as a whole.
So I'm hoping they fix it, right?
It's good for my business.
So it's, and I wouldn't be surprised
to see more and more oracles come out.
I'm curious about Polymarket and Uma V2.
It's something to pay attention to
because I have a feeling that there's going to be a model
where like, you know, Uma becomes just an oracle product
And then you can, you know,
each prediction market can have its own token
where it's resolved with that one rather than the umet token so maybe that's fixed a little bit
but we're definitely not there yet you guys been watching what's going on gme stock what's going on
five no 20 no 25 yesterday it was down percent in the game stock faces new york
stock exchange trading restriction after short volume surges 234 percent in 24 hours oh my god
yeah bitcoin news yeah exactly they don't like the bitcoin news look at that
yeah exactly they don't like the bitcoin use look at that
yeah that's for a red candle god damn it mando tried to tell us that was the top yesterday
i didn't i just said it's risky it is no you made a great point yesterday on the on the risk of this
wow where is roaring katie when we need him where is roaring katie when we need him anyways uh let's
let's keep moving through these topics.
I'll bring you up in a minute.
Can't wait to talk to my boy Kevin over at Gate here.
I got a few questions for you.
But quickly, Tyler, what else was there?
There was a couple other nice headlines that you had for us today.
Yeah, I'd say the Doodles News was probably one of the other bigger headlines of the day here.
So they unveiled DreamNet.
This is the new decentralized protocol for building what they're calling shared story universes powered by tokens.
So here anyone can come in, they can create characters, create worlds, create lore, and then they will all become tokenized.
In some ways, it's kind of like a virtual launchpad where you can create your own AI agents with their own personalities.
You can create swarms of agents.
Here, you could do that within a story world, effectively.
So that's the protocol that they're building here with DreamNet.
They announced their Doodle Dude tokenomics, $10 billion supply.
It's going to start on Solana, 68% to the community,
30% going to Doodles and Tee Holders.
So pretty healthy chunk there.
13% for new blood and growth, and then 25% for the ecosystem.
And then they go into the token use cases,
but basically the token will be a medium of exchange
across this Doodles universe required to create, and then interact within so it was a lengthy white paper it is i skimmed it yesterday
i will admit i have not wrapped my head around this entire thing i think i have a handle on it
at least at the 2 000 foot view or 20 000,000 foot view. Whoa. There's a lot.
But there's a lot coming there.
I appreciate the work that was put into this at first glance.
Clearly, they're really going deep into this.
If you're a Doodles Maxie and you're deep in the lore
and you want to contribute to building out the Doodlesverse, I think you love this.
It's not just, hey, we're launching a shitcoin.
It's like, hey, we're kind of thinking this through.
It was really wrongly timed, right?
They announced that they're launching a token.
Then they announced the Solana thing.
Then fucking Libra happened.
I was with Austin Hurwitz.
We were on the same flight from Paris to Hong Kong.
And we were on the line. I was like, dude, what kong and i was and we were on the line i was like dude like what a timing like we land in hong kong the libra thing happens and he was like
damn bro it's just like so crazy talk about time they announced they're talking on solana then
bang black swan so sad to them for kind of going back to drawing board or not like maybe this is
what dad planned all along so I don't want to assume,
but in figuring something out.
Tyler looks like you went around pretty well,
unless there's something I missed,
but those are the big ones.
If you use the Jupiter's eight pro trading app,
just go check out and see if you got an airdrop.
You can put an airdrop claim for,
They have a million tokens up for grabs.
And then the Elizabeth Warren stuff,
that's a longer conversation.
We can get into the risks of the politicization of crypto.
It's ironic that when it comes from Elizabeth Warren,
the one person that didn't do her job right.
Anyways, also for those of you who want to win this raffle,
predict is the code rafflebot.xyzpredict
and also make sure you check out my pinned tweet,
especially if you're participating in Myriad.
If you know what Myriad's all about,
I published a report, so I do it every month.
I publish a report on Myriad markets.
I transparently show all of our statistics,
open the curtain, I want everybody to see where we're at,
how we're doing, so we hit a million dollars last night
you know what helped? We opened two esports
markets last night, and they're booming
yeah, people really like them, so we're testing
with different markets, because you know, it's like boring
at the end if you just do like fear and greed and stuff, so the Radium
one, well Radium launched a pump fund competitor
before April 2 is a pretty interesting one
it's like a coin toss, because they did
announce it, but they didn't say like what when and then we have two um gaming markets
which i don't understand anything about them but sims was seemingly very happy about them so they
must be good anyways joe let's get you on real quick and i'll go to kevin joe what up man how
you doing good morning oh broke i'm not doing man. But it is great to see you guys.
Why are you not doing great?
My team had a crazy idea.
And I was like, all right, let's go with your crazy idea.
We had just a little background story.
So in case you guys don't know Infinite Objects,
we've been in the space for, oh, man, since 2020.
We love you on Infinite Objects.
I have three of them right there.
Yeah, no, we've done so much with the Rug Radio 20 we love you i have three of them right there yeah no we've done so
much with the rug radio we love you guys and you guys are actually a part of this uh drop that i'm
going to talk about in a second here but um but yeah we we uh you know very straight up we need
to raise a little capital to do our next production run right we do we're physical company physical
goods yeah and uh and so we're like let's do a drop but for this drop
let's do something special where we're giving back to the community right to our customers to our
to our you know supporters the artists and partners that we work with and so let's do a giveaway let's
do a raffle the space is you know picking back up last few months people are excited about art again
and uh and so we're like all right what should we raffle off and my team was like
obviously we should raffle off a punk oh and i was like all right we're gonna do this right
so it's a four-day mint every mint of uh they're called moments we'll talk about the moments in a
second but every mint's an entry into the raffle and uh on monday the raffle will end and we will
raffle off a punk we're doing on-chain verified uh you know random selection all super legit in
terms of the tech and the backside on the on the drop but uh but yeah only about well i don't know
man 250 minutes so far we launched yesterday it's only it's been less than 24 hours okay people are
waiting until the last day to see how much they should drop in.
But right now, you've got a one in two chance of winning any prize.
And right now, a one in 200 chance of winning a punk for a 0.02 ETH Mint.
So I'm like, I'm freaking out.
I'm freaking out over here.
But it's an exciting moment.
It's going to be an exciting weekend to see
what goes down i feel like uh you know there's there's a lot of things we've got a lot of different
prizes uh on chain and off chain prizes and uh and so yeah we're okay you have three days
yeah you have three days okay and this is all happening on shape shape so uh the drop you can
there's a link in our bio i I think that on, if you're on
spaces, you'll see our, our, our like, yeah, that that's exactly it. When you meant it
Love shape. That's the other great piece of alpha here. Shape announced that metals,
I don't know if you're familiar with the shape metals system. You can win like, I think of,
you can claim up to 50 metals with the infinite objects drop okay turning into shape token they already announced shape token
there's a link to shape token and if you scroll down a little bit but that's
gonna launch into the metals will turn into that you might even get you know
let's say you spend an ETH you might get that ETH back in shape tokens real
soon I see yeah cuz they do not the TG, right? Exactly. So the TG is coming up.
But so, yeah, you're going to get shape tokens.
We've got like over 100 other physical pride.
So the moments, let's talk about that for a second.
I'm glad you clicked on that.
For the drop, we didn't just want to do tickets, right?
We wanted these to be a little unique.
And so we're celebrating the last six years
highlighting a lot of the different collaborations,
drops, artists releases that we've done.
And then a lot of social media stuff, right?
So the Kim Kardashian post, we loved that.
That was like two years ago.
She received an infinite object through Giphy.
Giphy is one of our partners.
And so there's a lot of cute unboxings.
There's like a Magic Johnson moment moment there's no way the moment yeah a lot of really
cute ones in there uh and uh yeah it's it's it's i mean it's really beautiful what our team has
done we've been working two months on this on this thing finally goes live yesterday but we're giving
away a punk and i think uh that's that's an thing. What we do want to do for the FOMO Hour community, though,
For the FOMO, meaning for the next,
I think we're going to leave it open for 30 minutes.
If you go to our account,
at Infinite Objects on X,
We're going to give away 10 allow list spots
So do a retweet and a comment.
Comment your ETH address. And we're going to give away 10 allow list spots to the F. So do a retweet and a comment. Comment your ETH address.
And we're going to give away 10 allowless spots
Right now. So that you could
get a free punk. Literally, you could get a free
punk right now, which is just fucking
a punk today on the show through these guys
at the end. And didn't you give away a punk like yeah we did two weeks ago right yeah i saw that so
yeah well i mean thankfully for us robot pays for it so it's not like it comes out of rug
radio's pocket uh but for you i mean you know i know i know you i know you trip it a little bit
uh you know so so you you're so funny how How do we get Robin in on this?
Can I get Robin's phone number, please?
You know, I don't know, Mando, but listen, dude, that's hilarious.
I love how you come in here like freaking out.
So just remind the people one second.
So they have to comment on where?
Go to the Infinite Object.
That's the announcement tweet.
It's pinned on infiniteobjectsX account.
And then comment your ETH address and retweet that post.
And then we'll give away 10 allows.
When you comment, comment with your ETH address.
I mean, Tyler, you've been talking about Top Shot moments a lot lately because they're making
this resurgence lately. So I kind of
like that you guys are doing these moments.
I love this. I'm definitely entering.
I'm going to enter this for sure. I'm going to just go mint some.
I mean, especially if I can win a punk on top of that.
I think people need to know about this.
This is why when Joe hit me up,
he was like, yo, can I come on the show and talk about it?
He was like, fuck yeah, why not?
We got a guest coming on today,
but quickly just squeeze Joe in between everything.
Because I'm a big fan of Infinite Object.
They're really good friends of ours.
Every single event we do, I'm like, Joe.
Ev goes, Joe, I need like 12 fucking screens.
I'm sorry, I need 20 screens next week in Miami.
I got a bunch of Infinite Objects.
It's just not plugged in.
But love Infinite Objects.
We need to talk about the Lisbon office.
Thank you for letting me come on for a couple minutes here.
Let's see who gets this punk. Hopefully hopefully we don't lose too much fucking money infiniteobjects.com it's on their main page go out there mint something if you'd like of course
and support infinite object the good people good founders good builders and
big uh you know supportive of the arts so it's important to support. Joe, thank you so much for coming, brother.
Now on to today's show partner, my boy.
I saw you last in Hong Kong.
I moderated the panel you were on.
Yeah, by the way, you did a good job,
like moderating, like what,
like 15 different panels back to back.
Brother, I went out the night before.
You know Hong Kong, okay?
Like I had a banger of a night.
because I was like texting the FOMO,
I was like, I love you guys.
Like it was one of those nights.
The day after, I had to moderate five panels.
And on top of that, oh, yeah.
But by the way, I like Joe.
But he made me look bad now.
If the marketing team are actually listening to this now,
we have to throw away something next time.
Do something. Oh, am I hearing this? Am I hearing this? Is Gabe giving away a punk? actually listening to this now like we have to throw away something next time yeah do something
oh my god is gait giving away a punk is it dude yeah do something marketing team uh no but like
happy like happy to see you in in hong kong uh it was great uh consensus uh we were planning ahead
uh for dubai token already obviously so uh, we'll see you guys gonna be there
We are gonna be there in a really big way. We're actually throwing a banger of an event
Okay, sent it to your team already, but I'll make sure
Dude, you're a VIP on everything
I just put it in the nose, right?
You're always you're always a VIP. You know that. We love Gate. You guys are honestly
of the Red Bull Racing team
It's a lot of drama already.
because you just took over
And they just picked out Lawson
where's my ticket? Yeah. I didn't even have a ticket where's my ticket I was like where's my ticket
I'm gonna take you up on that
Mendo's about to buy a team
but yeah we would love to attend a raise I'm not the Canary team, the Canary, you know, it's going to be nice. But yeah, we would love to attend
What about, here we are, a FOMO hour
with Tyler Mendo and I, live
We could do one of those in Europe or something.
I'll hit you up after this.
Anyways, we didn't come and talk about this,
So I did want to congratulate you on the,
Cause Red Bull Racing is definitely no joke here.
And I know you guys are the,
the main sponsor for them.
We're not winning that one this year.
Oh man. You're funny, dude. It's always winning that one this year. Oh, man.
It's always fun to have you on.
Anyways, Kevin, it looks like we finally had somewhat of a boring month for the first time in years.
But let's just call it this period of chop.
So this period of chop probably means that crypto is growing up, all that good stuff.
What do you guys think over at Gate? Is this like the... What do you guys think? So this pair of chop, you know, probably means that crypto is growing up, all that good stuff.
What do you guys think over at Gate?
Is this like the, what do you guys think?
Because you guys see stats, right?
I talked to Keith over at Moonpay a lot.
He's like, behind the scenes, it's moving.
So you guys at Gate, you've become one of the top exchanges.
Like, are we going to get out of this?
Like, how, what's the momentum happening behind the scenes?
Well, I mean, like, well, you tell me as well, right? So, like, after Consensus, which is, like, which was big for us,
we want to unwind a little bit, follow up to messengers to everyone.
And then this month is, like, a lot of, like, nothing.
So, obviously, like, every day you guys got, like, good things
and bad things to talk about, right?
But, like, if we zoom out a little bit, like, what else other than,
like, another meme con that's, is it another meme con still gonna make
you excited maybe maybe not uh ai is just like i've done like like tons of panels and space on
ai already i just like feeling like a little bit boring like they did the ghibli thing it's like
yeah uh ghibli things like oh yeah it's great it's great. It's great. Proposity, but like that technology has been around for like whatever year and a half already.
Right. If you know how to use stable divisions.
So where are we now? Right.
Where are we now? I mean, like we're still growing.
The market seems to be like a little bit slower, less cons being listed.
Sorry. Yeah. Sorry, yeah.
So I would say it's a good time to focus
on like a little bit of like boring things,
like cyber securities, no one talk about it.
That's until it's become a problem.
Then we're like, wait, what about ours?
So like, should we like have like an annual check
User growth, no one talk about user growth anymore.
We just passed like 22 million users on the platform.
No one talk about it anymore.
It's like another number, right?
So, but I guess it's just like,
it's a lot of behind the scenes while like on Twitter,
everyone's still like, oh, like yeah, Ghibli
or like another meme coin, etc
Behind the scenes that not as
But I think it's a good period of time to get it
This is impressive, 22 million
I can't wait till we have 22 million users
I'll have my own F1 team then, let me tell you that.
Damn, 22 million users over a gate.
You guys are probably seeing record volumes, right?
Volume has been really good.
Spot volume has been good, especially in the, again, thankfully, with the markets,
If you look at the overall volume, of course, you're talking about like Binance is like the best.
And then you got like the other guys.
But like if you're looking at like all the new cons and meme cons, like we're almost always the top, if not like top three or top, right?
So it's good because users like it.
It's like the liquidity, not with big cons,
which like you can get liquidity anywhere.
But like, what about like all this,
like little cons that just created?
Yeah, overall, we were really happy.
We're not complaining about like the cycles
being a little bit boring right now.
I would just like volume is still coming through.
So besides that, I mean, you know,
we get through these phases
of chopping space, but they never
last too, too long, right? A few months
We were talking at the beginning of the show, I was telling
the boys that I generally expected
us to have a move up after
And I was surprised this morning,
but maybe things will bounce here, hopefully.
Do you think we should be bracing
for a big move or is this our new reality?
It's just like chop forever, Bitcoin
market, and all it's just down only.
your precedence, anything could happen,
But like I've been in crypto for five years.
It's, I don't know, you guys may be longer,
but like I would generally say
like I never actually have a boring month, right?
I mean, we have like bear markets
and we have like every month
there's a platform going down,
which is anything but boring, right?
It's painful, but not boring. But this
month onward, it's just like, where are we going? Where are we going? We're not going anywhere,
right? I mean, even if we're going down with like a little bit of like volatility, that's
not great, but like at least something that we can work on, you know, just shut the market or
do something. I'm not doing anything in the last two weeks. I'm not buying, selling, I'm holding.
I guess that's my fault, right? It's like that meme, when you're holding, the market's not
moving. When you're selling, the market's just moved up. I guess maybe, maybe just waiting for
something to happen. What's happening in your side of the world? Do you feel like anything
that would change on the policy side? I mean, we're bullish, man that's with, with chain policy side.
Mandel's business is doing good.
Tyler's still trading meme coins.
So that's usually a good signal.
how things are in your end,
the theme here is that there's just a disconnect between the institutional players who are just starting to come in and retail traders who seem tired and have lost some hope.
And the big open question right now is what's going to bring the retail trader back in?
And I don't know that we have that catalyst just yet so it's like it's the most divided i've seen between like those two groups
especially when you see how bold all the builders are all the suits are who are who are piling into
the space on a daily basis yet folks who have been here for for years are now starting to
get bored or walk away so i'm interested to see how this is going to resolve
yeah 100 that's that's our struggle as well like our users come to us to buy meme cons So I'm interested to see how this is going to resolve. Yeah, 100%.
That's our struggle as well.
Our users come to us to buy meme coins,
and the cycle is like, okay, you got 1x,
and then you got 20x, and then you lost 50%.
That's fine, but the cycle is like,
so it's daily cycle, right?
So the current exit liquidity is like Bitcoin, right?
Everyone's just like, okay, if I make money, I move to Bitcoin.
And Bitcoin is actually not moving.
So like we need to find like actual long-term projects to be on our platforms,
quality projects that will work for like a year, two years from now.
But I don't see anyone's like actually talking it because again,
this is like the boring kind of thing.
None of you are actually smiling or laughing at this one.
No one's talking about this because it's too serious.
It's not like Ghibli or another meme that makes you feel the market.
But yeah, that's a struggle, definitely.
Kaido had a nice open over a billion FTB, like Walrus
the bubble map thing went to 300 mil or some
shit. So there's some signs
of hope, at least. There's some new protocols.
definitely some signs of hope. Let me ask you something.
Last question for you, Kevin.
But if things stay this way, right?
Do you think it's going to help or is it going to hurt innovation?
And then also, do you think that we're in an industry that just needs chaos to thrive?
Or is the stability just better for builders in general?
I mean, we've all been saying a year in crypto is like dot year, right?
I feel like like seven years already, five, seven years.
So like, can you how many years of like this chaos that you can live with?
I mean, like we probably look already older than like a month ago when we met each other.
But yeah, well, I think generally speaking, it would have to mature in some way or form.
But the other way it is, I mean, crypto is still so early.
Like I couldn't believe like some of the things just happened, like whatever corn was just like remain some like burnt corns.
That's like unheard of. Right.
So it's still chaos around that's big enough to to make us
excited um but yeah day to day that we just want to build things uh one grind uh after another and
just like see what happens in in a year or two years time damn right right. Damn right. I love that, Kevin.
I'm excited for the future, that's for sure.
I like that you're seemingly bullish, that's good.
but if the market's so mature
and then just like no one's making a stupid decision
or get hacked or minting like burnt corns,
then we have nothing to talk about, right?
Like you guys are gonna run off,
like you lose your job, like nothing to talk about it every day so uh that's not that's not
the way it should be in the next two years as well so uh i'm still hopeful that we'll have
fun times down times but never boring i love that i times, but never boring. That's kind of the name
for being one of our show partners
to see you at Token 2049.
He said put it on the record. I hope this thing's on record. Yeah should he said put it on the record i hope this thing's on
record yeah no it is on the record trust me we got you we'll give you the clip as well
put in the youtube shorts well we'll put well we should the interns listening we should post
this entire conversation with kevin because that's some good insight and i think it's important for
people to hear not just from us but you work at one of the major exchanges so it's important to
hear that but also the fact
that we're going to host a FOMO hour at the
F1 this year. Right. Yeah.
Let's go. Okay. Thank you, Kevin. Appreciate you.
Thank you. Alright. Have a good one.
Alright. Have a good one. Alright. Alright.
Alright. Alright. It is time
the week here. I like Kevin. He's
awesome. He's always such a fun guy
to have on. He actually runs his own podcast too. It's good. He has his own podcast. Good one's awesome. Always such a fun guy to have on.
He actually runs his own podcast, too.
It's good. He has his own podcast.
Good one. Yeah, it's a fun guy.
The code was produced. New separate Wizards below Mint here.
We're back at monthly open on Bitcoin.
Well, actually. open on bitcoin where are punks versus bitcoin well actually actually cheap now i actually don't
know i literally have no no idea i'm just asking punks are 80.98 oh no oh no it's swung back the
other way it's going back the other way the basis trade is getting wrecked. The spread. The spread.
There's like 10 punks now under the Bitcoin floor.
They keep going up, but ETH keeps going down.
What about ETH versus Tesla?
The other trade on everyone's lips.
We should have those three traits.
It is lagging Tesla here, folks.
Punks are lagging fucking Bitcoin.
Pops is never going up again.
Pops is never going up again.
I don't know who else is to hear this We're allowed to say this
We've bagged out the shit
This $40 gourmet dinner again
What the fuck is going on man I don't know dude It's not your bag She's sober Bongo! Yo!
What the fuck is going on, man?
Great hope in from Bongo Live.
Thank you, Bongo. All right.
I got to get to work, man.
I got an important call in 10 minutes.
Let's go out with our weekends.
Let's go out with our weekends. Alright, send it sims. Let's go Wow. Proper red guy, huh?
I mean, this is OG, baby.
It was an epic mod for a while.
He's got a nice rec guy, too.
What's up, having fun? You good?
Good morning. Oh, my God.
Well, you better believe it.
I think you already have a red guy, so I think we should give you a punk or a penguin today.
Let's go. Well, you're adding a red guy to your collection
hopefully we pop over this weekend
we'll see you on Monday morning
10 a.m. Eastern Standard Time
for another episode of FOMO Hour
let's go We'll see you on Monday morning, 10 a.m. Eastern Standard Time for another episode of FOMO Hour on Rug Radio.
Let's go. I Thank you. . . . .
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