FOMO HOUR #43 - Powered by @Ledger

Recorded: Jan. 22, 2024 Duration: 0:53:19

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But uh, hold on, uh, let me just join this from FOMO.
Oh no, I joined from Rogue Radio.
What's up y'all?
What's up FFV?
What's up burn?
Gotta do something for early gang.
Um, there's like early gang, there's early, early gang, like that's like the gang that
wakes up at four in the morning.
That's, that's those people.
Let me send y'all a co-host invite, boom.
That was me.
Uh, boom.
Let me send Mendo an invite.
I think Mendo's like the longest standing PFP without a change that I've seen in like a long
time in crypto.
Like, what's that echo?
It was me.
Cause the other one's here.
Surely OSF's had it the same amount of time.
No, no, no.
Ovi swapped red guys.
To the Saturn's, Saturn's shades.
He had the strawberry fields and then he, he swapped to that one.
Remember?
So, but this one's fire though.
It's more Ovi.
All right.
Why don't we just kick it Sims?
Yo, yo, yo, yo, yo, yo, yo, what up, what up?
Good morning.
Good morning.
Dude, how is it still January and it's like just a 22nd, the whole, what like, honestly,
this is great.
So I guess Monday, January fucking 78th, you know what I mean?
Like, 24, 44.
I tried to do the intros before when you were away and the music just drowns me out.
Like, honestly, I didn't hear one note of the music when we went live.
When you do the intros, I was listening.
It's so funny.
It's just like, okay.
So good morning.
All right.
So Bitcoin's at 44K.
Solana's at 24K.
So what do you think about the, the inflows?
Hey, listen.
It's a 30 minute show when I do it, it's a 30 minute show, actually merges from a shell.
I don't think he's actually looked at the camera once over.
This is not OSF by the way, it's not OSF, this is his younger brother, which is why
we thought it was him, but it's actually his younger brother.
But yeah, listen, I've been up for fucking like five hours already, bro.
This morning.
I don't know.
Four hours.
I'm just hype.
Another Monday, you know, another day to get dumped on by, by Barry Silver and his boys
the gray scale, you know, another opportunity to build another opportunity to buy our favorite
coins on a dip, uh, before a gigum Omega ultra bull run coming in later this year.
And 2025, you know, another reason to, to, to have some fun.
It is a beautiful day to have a beautiful day.
And I do have my co-hosts in the house, OSF, Mando, how are you guys doing this morning?
Just watching a Bitcoin tick by one second.
All right.
We're absolutely ripping right now.
We just, we just, we just ripped 40.4 K to 40.6 K on the one second, on the one second
We're ripping, bro.
It's even more fun.
It's not the second one.
It's the line chart.
The line.
The robot line chart.
That's the best shot.
That's the best shot.
The one that goes.
If you have not traded like 20, 50 X with the line chart before you have not left
You're going to be doing that with roller coaster and with this, this weekend, I think it was
last night.
I had like $20.
Cause I emptied my account.
I was like, yo, I'm going to show up by some spot tips.
So I left like $30 in there.
So I was like shorting with, or like that, only like $20 or like $5 at a time, but with
like thousand just for the kick.
Cause we're sick, right?
Click a button.
It's like $20 risk.
So whatever.
It's just like, it's just funny that you mentioned that cause that was literally me last night
needing to feel something before I go to bed.
But anyways, uh, yeah, I mean, man, uh, today on the show today, let me post a broadcasting
we are live as usual, just so y'all know, but you already know X videos post on from
our in my highlights in the from our headlights on the boys pages, we're live on Twitter space
Give the boys a retweet.
Give your boys some love.
Give your boys some 100 signs in the air.
You love to see it.
Let's fucking go.
We show up every day.
We host a fire show.
This is what we love to do.
This is how we build.
Uh, and then of course, always live on the rug video YouTube channel.
If you prefer a YouTube experience, which by the way, video experience is always like
a bajillion times better than the audio experience on this show.
But anyways, today on the show today, today, what do we, what do we got?
What a bit BTC rack, of course, falling below 40 kids.
No, no, no, not yet.
That's happened soon.
I guess, uh, or maybe not.
But anyways, that's what people seem to be talking about.
Uh, Terraform Labs applying filing for bankruptcy, Binance that inflows, uh, over $5 billion
as a DOJ settlement.
Uh, you know, Warren pushes new AMM rules, uh, for crypto.
Then the Lord gave me the Lord, Lord, Lord told, told me, uh, said, give him a 10 X.
That was something I'm glad you added that quickly this morning, man, though.
I forgot about that.
I saw this weekend.
It was hilarious.
So apparently God sending pastors out there signals to dump on his preachers.
Uh, so we're gonna, we're gonna see what's happening here.
Um, you know, I did not expect Monday morning to talk about God sending us signs, uh, about
crypto, but Hey, here we are.
And then last but not least, you know, a big weekend for NFTs, at least, uh, even
though our coins are not doing so great, but Hey, could that be a sign NFTs and unicorns
can be doing better.
But crypto punks absolutely flying, uh, over the weekend, a lot of mid, uh, to rare sales.
What a rare bids as well.
Got $5 in our beds on the aliens.
We'll talk about this in a minute with the floor hitting 65 ether on debts up to an half
X since Friday.
We kind of all said that it's on the short Friday.
Like look, like there's always a second life, a second pump, these projects when there's
a big dip.
Whoever caught on to that, congratulations, big cool cats, um, uh, sweeps as well.
And are we so back that Dwight Howard is dropping an NFT collection?
Seems like we are, as usual, this show is powered by Ledger and we're on Avax on Avax on top
So this is how back we are.
Hey, the Avax Foundation did say that they were going to be pumping people's bags.
Like the lead announced that last month.
So it looks like the Avax Foundation is back to work, uh, on this wonderful month and still
I mean, Christmas was not even a month ago.
I don't understand.
I don't understand.
This is crazy.
How are we still in, uh, in, in, in January?
I don't know.
But without further ado, let's get this party started.
It seems like Amanda wants to talk this morning, so let's go to hip GM GM everyone.
So we had a little bit of a respite over the weekend.
Um, I think Bitcoin kind of migrated up to around 42 K after that Friday pump.
Ith was hanging out just shy of 2,500, um, everything felt okay, but a little bit, a little
bit nervous.
I would say we were like, even OSF is in the chat or really hope Bitcoin doesn't dump
on Monday.
Well, Bitcoin dumped on Monday, um, Bitcoin basically is holding up just above 40 K right
Um, you have each, which is just, just south of 2,400, 2,360, I think area.
And Solana, Solana went from training around 93, 94 to now around 86.
So a big move in the majors, um, and you've seen a bunch of olds get absolutely wiped out.
So if things look bad on, on Thursday and Friday, they're probably down another five
to 10% from there.
Um, things like say are like 59, that was at 69, I think on Friday.
And we said, wow, that was, that was a big move.
Um, things like with is down to 260 million.
That was at 350, I think, um, all the old coins that OSS, uh, wasn't, weren't moving.
They, they've begun to move again.
So, uh, big, big move lower.
Why is OB catches trace today?
He did say everything was going to go lower.
No, I don't even know the sold two weeks ago, just saying, by the way, that was time
perfectly.
But anyways, it's funny, man, though, I'm going to go back to, but when you look
at the top gators on the screen, there's only like three and two of them are fucking, and
all four of them are like a stable coins.
I opened up today.
There was only one.
It was DY DX and see it go on and I was like, Oh God, this is the top gainers.
Even tether didn't make the list.
You know, tether is actually down.
Let's go send it anyways.
Go on, man.
Don't tell us more.
So yeah, a bit of an ugly, ugly start.
Um, a few different things.
I think the timeline is focusing on, obviously you have 700 million of GBTC got sent to Coinbase
first thing this morning.
It looks like a large majority of that is actually, um, to do with the FDS, FDX estate.
Remember FDX was a large holder of GBTC.
They have moved to sell, uh, all that position as soon as it's become liquid, um, like an
Um, there's a lot of talk about FDX, Sam from beyond the grave, destroying us again, not
beyond the grave, but in, in, in prison.
Um, and then the foundation was selling it again today.
No, dude, what is this money for?
Don't tell me it's operational expenses when they sell like the pickled top at
Ford, not pickled top, the absolute generational, not the top $4,600.
I like knows his days, right?
He's just like, fuck it.
Here we go.
Let's, uh, so they sold, uh, I think just shy 2 million, which isn't that much, but in
the grand scheme of things, everyone hates to see that sort of headline.
So Solana Solana is getting, uh, bad catching some strays as well today.
I would say the one positives, like people are now looking for what positive was
negative coming up.
Arthur Hayes came out today and says he was buying 35 K puts on Bitcoin.
So he thinks we're going much lower.
Um, I don't know if that's a bullish or a bearish sign, but he's pointing to the
idea of the fed, um, refinancing coming over the end of this month.
There's a lot to unpack there.
He basically thinks it would like, you're going to see a sovereign crisis in the
U S he's basically implying with how the fed's going to have to refinance what
the fed did with some of its refinancing is it pushed a lot of it out.
The last time we did some refinancing and people are now saying that's going to
come, that's going to have to now be in H one.
What does that mean?
It basically means that the government's going to have to start funding a
little debts pretty soon and you're going to see a lot of liquidity needed to
So people are saying, Oh, maybe that's the liquidity drawing event.
It seems a little bit far fact, so that's going to be like why crypto
sells off, but that's what all the haze is pointing to stocks are obviously
hitting an all time high.
So to a large extent, macro doesn't feel terrible to me, but maybe, maybe
we're heading to a sovereign crisis.
I don't believe in with all the haze there, but it generally just felt like
a lot of stuff, everyone's like, fuck, it's moved up.
You know, three, four X on alts, bitcoins had a huge run.
We can, we can move, we can move lower and no one's really going to step in
for, for, for a little bit more blood.
I don't think at least not meaningfully.
So that's the kind of, um, well, we're living, I would say on the
positive side, obviously macro doesn't feel terrible.
Secondly, there is a very important law, um, court case between the SEC
and Coinbase going on.
Um, Bloomberg analysts, uh, came out on Friday and said they think 70%
chance now that the coin that Coinbase gets that thrown out.
So that would be very, very big.
Um, remember this is a court coin.
This is a case against pretty, it's effectively against like a, I think a
basket of 12 different altcoins, which you've all kind of heard of, but the
largely it's, it's an attack against all, all different altcoins.
If that case gets thrown out, it would really, really hurt Coinbase's ability
to continue with this, um, enforcement action without regulation stance that
they've been doing.
So I think we'd, we'd essentially be at a stalemate until potentially the next
government came in with a, with a framework for regulation there.
So that would be quite a big win.
I don't think we're going to hear exactly back from it.
I think, um, maybe for a week or two, but the, um, the, the case should
be like the final argument should be this week.
So yeah, it could be, um, could that could be one positive thing, at
least the altcoins, um, that you, that you see the SEC having to kind of, um,
step back, but to a large extent, it feels as though the market is happy to
go lower right now, or at least that's the path of most pain and no one's
really stepping in, I think in meaningful size because we're a little
bit far away from the halving where we're maybe going to get that
Coinbase thing come out, but you don't know the timing of it.
So yeah, it just feels as though we're just losing it, losing some momentum.
Um, and things seem to be heading south.
I wouldn't be surprised if I think the technical support is like 39 K on, on Bitcoin.
Um, so I think we could go below 40 K here.
All right.
Um, Ovi on the trad-fi side, looks like we're, we keep it in highs, huh?
Macra is really strong right now.
Stocks are strong.
We closed a lot higher on Friday.
High again today.
We're at new all time highs.
So yeah, Macra's doing pretty well.
I think, um, on crypto I'm getting like slightly more, slightly less like core,
like bearish or whatever I was short term wise.
Like I think, um, you know, all these GBTC, like well alert things that we see that
remember that's only just like one half of the story and every day so far apart
from two days last week, we had net inflows in, in the ETF then.
There's been a cumulative net inflow of like 1.2 billion.
So I think we need to see like the total flows at the end of the day at the
moment, we're just seeing the people who are selling, but people are also buying.
We need to see like who's sold more versus who bought more and to get them
to the net number at the end of the day.
So I don't, I don't pay as much attention to those as the rest of the
market does or the rest of CT does.
Obviously like it's pretty hard hitting when you see like, you know, like $500
million of like Bitcoin transferred to Coinbase, but there's also like a lot of,
um, money being transferred out of Coinbase into other wallets as well,
whereas people buy them and take them off into self custody.
So, um, I don't think that's the people end all.
I think it's also like kind of constructive that yeah, we dropped, we
knew we, we nuked at the open, but we slowly started to grind higher on Bitcoin
after that, and we didn't actually fall below like 40.4.
Like we went from 41 to 40.3, like red candle down and I was just like being
climbing back throughout, you know, over the last hour or so.
So I don't know, like part of me thinks that maybe the flows are okay.
And like the fact that a billion of it was the FTX estate is a bit more bullish as
well, it means like, there's not just GBTC, like, you know, there's, there's
a reason for some of that GBTC money leaving.
Um, so yeah, I'm like, definitely still cautious here, but maybe everyone's
like, Oh, we're definitely going to go into the thirties.
Like, I don't know.
Maybe, maybe we won't.
Maybe that's all like, maybe that's what everyone thinks now because we've had
this pain and we keep seeing these well alert things, but, um, we're not
seeing, like, I would love to see the net, if the net info number starts
turning into a net daily net outflow number and then that net outflow number
keeps growing, then I would start to get very bearish and I think we dropped
them in thirties, but as long as we keep seeing a net info number, I think
we may just, I have a sneaky suspicion.
We may just about hold the line.
I don't know.
I'm just, I just, when I see dumb takes about the fact that we're going
to go lower because of the fed funding, I'm just like, yeah, we're just
like making up something about why we're going to go lower rather than lower.
Um, I just say that we're going lower because of the vibes.
Is that, that makes more sense than the fed funding argument, right?
Or are the vibes because we're going lower.
Don't forget also, like the funding rates are basically zero right now.
To be or not to be.
Um, so that is the question.
Uh, I agree with you, Ovi, question for you all.
And something's a negative funding as well.
Like, like it's, you're literally getting paid to be long right now on most
platforms, but yeah, on some, yeah, on some, I think it's like, it's like random
shit, like BNB and like Sia, um, say, and like some random coins and shit,
but like, I don't know.
Like I think, um, it's just, it just feels, it feels lower narrative.
If we pumped like to 42 K 43 K again, everyone would, everyone
be like, Oh shit, it would be happy or sad.
I don't know.
Did you know what happens when we go to 42 K?
What is calls for?
That's how it is.
That's just how it is.
Question though.
And that's kind of what I was talking about to you guys this morning.
Just, uh, it's, I think it's interesting conversation to have like, as Bitcoin
clearly becomes more tied up every time the market opens, we know we're dumping.
It's like, it's become a meme right now.
Everyone's like, okay, trade markets are opening.
Let's go.
Even on Friday, you two are like, Oh, well, like we can't get dumped on by
trans by we're going to pump this weekend.
What happened this weekend, all the meme coins went crazy, right?
And like a lot of cool stuff happened.
It was a lot of good ops, like to catch some good trades this weekend.
Even Bitcoin like went a little higher East.
So like, it wasn't that bad, right?
But like, are we, do we think that like Bitcoin's getting way more
air tied up to like, um, the GBTC narrative at the moment until they're
done dumping, which by the way, they have a whole lot of dumping left to do.
The next narrative is not before the halving, right?
And the IP foreign aid, something, something is down to later as well.
But like, do we think Bitcoin gets more tied up to like trad five prices?
We see it like chop in sideways for a while.
While like maybe the theorem ecosystem detaches itself a little bit.
The Solana ecosystem detaches itself a little bit.
Like, do we think we start seeing this sort of like movement in the space?
And by equal, I mean like meme coins and NFTs as well, right?
Yeah, here's what I think.
Well, first, um, I just sent you a link, by the way.
There's another way, I think, which says like 5,500 Bitcoin transferred
from Coinbase to unknown wallet.
So that's like, that's some of the other side of those flows that
people are buying on the other side.
But one thing I would say is like, yeah, like there's obviously a lot
of trad five involvement in Bitcoin now.
There will be on ETH later this year, hopefully.
And one thing I'd say that last year, the NASDAQ closed almost 50%
higher in the year.
Like it was like insane returns.
And we talked last year about how crypto felt like it was underperforming
stocks because, um, you know, we'd have days where like crypto move,
we'd move lower and stocks would move higher.
And that's because like people who are in stocks and trad five people,
they're like, well, why would I know stocks keep going higher?
Why would I sell my stocks and move something else?
Like if you own an asset, like human, if you own an asset every day, you wake
up and it's higher again, you're not going to sell it, right?
You're going to keep running it until, until that asset stops rallying
or starts to go lower.
And another asset is rallying consistently every day.
And then you'll be like, cool.
I want to move to the other thing, right?
So last year we just had stocks go up like for the whole year, basically like,
you know, buying maybe like a quiet period of the summer, but we're
not for the whole year.
I didn't want to swap into risk.
If they didn't want to swap into crypto, but now it's going to be very,
very hard for the NASDAQ to return another 50% this year.
Like it's just no, there's no way that's going to happen.
And maybe you're playing for like a five, 10, if you're really lucky, 15% return
on, on, on the NASDAQ this year.
So therefore you have to start and people are aware, if you're still bullish
on markets, which many people are, you have to start looking at riskier stuff.
And, and that could be crypto.
Like the best case for crypto right now is if stocks just stay stable and
move up 0.5% every single day, people are going to start rotating
mind's crypto and guess what?
It's so easy to do now because you do have a spot Bitcoin ETF and you'll
have a spot ETF.
So I think like if you just zoom out for a bit, if you're, if you're
bullish on markets this year, which I still am, I still think we see
rate cuts, I still think you'll see like some fudging around of numbers
with the elections in a bullish way.
You, I think you will have, you will start to see that rotation into crypto
and it's for, you know, for tradify people, because it's easy to do now.
And I think you just have to remember like we're fucking two or three
weeks into this year, which is a very important year on many reasons,
but still extremely, extremely early into this year.
And these narratives take a long time to play out, but I do think it
will play out, I think as, as, as time goes on, you will start to
see people rotate from stocks to crypto because it just, just makes
sense. Crypto's still 50, 60% off the highs. Stocks are all time
highs. Stocks are going to stop, you know, the amount that
stocks go up every day is going to start to decrease versus the
potential that crypto has. And you can go out there and now buy
spot Bitcoin ETFs like I just think, you know, so long as like
macro data holds up and, you know, we still have fed rate cuts on
the table. I find it very difficult to believe that people
won't start doing that trade in more size and with more
aggression as the year progresses.
All right. Well, it looks like at least one well agrees with
you, you know, transferring $20 million from Coinbase to their
back to their hardware wallet. That's the other side of the
story that said that we don't like to tell because it's not
as funny as the Barry Silbert memes dumping on us every single
time the market opens. But let me tell you, every single time
going south, and then, you know, we start catching up until the
close at like 4pm. But it's funny. It's just funny to watch
now. Everything's currently a little more to, to more
traditional markets here. So we will see where that takes us.
And that's about it for now. On this front, there was some news
of like the, the Binance Mando was it the Binance then
inflows at $4.6 billion since US regular settlement and the CEO
departure. What's happening in Binance these days? What's it was
it? What's the what's what's happening there since, since
Well, let's see what new CEO they getting a drink quickly.
Sorry, I'm thirsty.
But it's not an airport you have to announce a departure.
This guy put out a good piece which which was about CZ's
girlfriend, who's actually like running the show. I don't know
if you know this finance a couple of months ago, or partner or
it was either 14 or it was
I'll find it. Don't worry.
You'll find it. So I think he's still
Yo, it's that meme like new CEO, it's like CZ but with the
mustache CZ with that long hair CZ with the thing. This is
literally the meme. So good.
Yeah, the crypto queen pulling the strings at Binance. Yee he
Yee hey, a former talk show host has sweeping control over the
crypto giants marketing and investment divisions. She's also
founder Chang Penzao's so CZ long time romantic partner. I
can't there's a paywall so I can't go further.
So I think he obviously still has some involvement in firm. He's
obviously still a shareholder. We're still waiting to see how
long he goes to prison for. I think he's still hanging out in
Seattle. But the they've definitely seen inflows since
since the settlement. People I think, I don't know, I think
people definitely feel a little bit safer with finance since
that's happened, right? It's gonna be really bad now that
they're basically on a constant watch from the from the DOJ.
So yeah, people have felt okay with it. They're obviously
pushing ahead as they were for a while with big build outs
across Asia. They made a big move into Japan, Thailand. They
didn't win the contract, I believe, like be the main
exchange in in the UAE. I think that went to Coinbase,
potentially. I remember seeing Dubai like, they basically said
they want to move move out. But yeah, there's obviously still
a huge exchange. Their market share has been dropping
throughout the course of 2023. But it has bounced back
slightly since the DOJ thing.
I mean, for us with Dubai, it's not doing exchange, right? So
yeah, but there was something there was some extra license,
basically, as of all these countries. Yeah, I know, I
know the X guys. I know the X guys got it. The the backpack
guys, the mad lads. Yeah, they've got one. They I think
you'd be there because I obviously like the UAE is also
like different city states. So I think it was the Abu Dhabi
one. Yeah, yeah, I forget. No, I see here. I see. Yeah, you're
right. It's that Abu Dhabi license, actually. So okay, so
I guess we'll see what happens in that front. But hey, I
guess it's good to see more info is going in. At least
usually. Yeah, but it's not going down. Yeah, exactly.
Wait, what? I thought I thought there was like this guy
writing threads all your last year saying it's going down.
How is it? What? Four? Looks like we're doing fine. Four.
What do you get? What are you drinking?
Super smoothie mangoes, peaches, apricots and apples.
You know, you're literally like such a like odyssey. Like
that's all time highs or lows. You announcing that you're
thirsty. So you're going to go get a drink like in the
middle of like talking about like, you know, I'm telling
me rude. He's a big mango guy. You are. You know, I
don't like mangoes, but I have to say dried mango. I
had to stop because you're like right mangoes. Very
good. But it's so good. It's like
grandfather's apparently live till like 150.
The guy is like just like sipping his juice and making
the sound. Here we are like trying to look all serious
now. Like we're adding like our streams on decrypt and
everything. And this is so good. Anyways, why don't we
talk about the other topic today, which was God. It's
not Sunday. And it's not time for Shabbat candles
Friday. It is Monday, though. And so over the weekend,
this went viral. And looks like this pastor, what's
the story? He was like, he created a shit coin
along with his wife. Okay. And he came out over the
weekend that he was now facing a lawsuit, a civil
lawsuit from the Colorado Securities Commission. And
then he took to a video to defend himself. I think
we should just listen to the whole video because it's
we show you some of the content I've ever listened
to. So for Molly, why an online pastor was charged
in Colorado for one point three million dollar
crypto scam. He's released a nine minute long video
explaining that the Lord told him to sell a
cryptocurrency with no clear exit and spend some
of the proceeds on a home remodel. The Lord told
us to do so. So that's a quick like two minute
cut. Enjoy y'all. And if you don't know, we're on
video as well. So join the X video or YouTube as
well. Civil charge from the Colorado Securities and
Exchange Commission for basically selling millions
of dollars worth of cryptocurrency that is
deemed worthless by the state. And the reason that
they're seeing that it's worthless is because
there is no exit for people who have bought. We
launched an exchange. The exchange technology
failed. Things went downhill. And from that
point forward, we just been we just been
waiting on the Lord literally for a miracle. So
the charges are that Caitlin and I pocketed one
point three million dollars. And I just want to
come out and say that those charges are true. So
there's one point three million dollars that's
been taken out of the total three point four
million. But out of that one point three half a
million dollars went to the IRS and a few
hundred thousand dollars went to a home remodel
that the Lord told us to do. So how this
whole thing started is the Lord told us in 21
to walk away from our marketing company. And he
said I'm going to do a new thing. And then he
took us into this cryptocurrency. It was a
different cryptocurrency other than index
coins time. Well that cryptocurrency turned out
to be a scam. And so the Lord says give that
to him. But also give them a 10 X. And I'm
like well where's this liquidity going to
come from. And the Lord says trust me trust
we would be sewing. And at first it was
hundreds of dollars and thousands of dollars
thousands of dollars. When he would come in we
tied we sew more money would come in. And so
we were just that God was going to provide
that the source was never ending that God was
doing a new thing. And that we had nothing
to worry about. We hold a cryptocurrency with no
clear exit. We did. We took out his word and
sold a cryptocurrency with no clear exit. And so
the prosecutors have to take that and say
these people willingly sold a cryptocurrency
with no clear exit. But we're praying for
and what we're believing for still is that God
is going to do a miracle. God is going to
work a miracle in the financial sector. Oh
my God. That is it. Hold on. But that is
insane. God is the best line I think I've
ever heard. So half a million dollars with the
IRS and a couple a few hundred thousand
dollars with the whole modeling that the
Lord told us to do. Like you know what I
mean. I mean that makes sense right. Mando
like has the Lord ever told you to take
profits. I just loved it. I just loved
every word of it. Do you know I haven't
looked into what the coin was. But we
should we should try and see if it's
been pumping. I bet you it's been
pumping. Yo. Hold on for what's worth.
Please be careful here. The Lord said give
them a 10 X. That was the best part. I
mean the Lord told them to that. Yeah. I
mean they got rugged on the previous
coin and the Lord told them to just
launch a new token and get it home. I
mean that home looked nice. It looks like
they have a nice beautiful view in the
background given that that was not a
fake one of those. Yeah. I mean I
wish you know I wish the Lord would give
me a 10 X. You know it's it would be
really cool for the show for the show
sorry for the for the Lord to come in
that and give me a 10 X would be great
because so far the Lord you know could
could do a little better up there. Do a
little better. You know anyways so
moving on moving on that was a great
thing. One of my favorite things has
happened for the last few months. I have
to agree with you. This is this is
honestly just perfect and it's just
like you know it is like he fully
believes his own bullshit and like
there's Zach XBT posted a comment after
this and and he posted comments of
people like sending his him like you
know sending him a bunch of like respect
I'm actually looking on to reddit right
now Colorado pastor targets
congregation and 3.2 million dollars
scheme it says here on on reddit and
I'm just I'm just trying to find what
token it is. I couldn't find it either like
it wasn't immediately obvious to me but
I can't I can't find it a pastor in
Brian Ohio is facing he said it like
index coin or something no index was the
one they bought before and got rucked on
and therefore therefore the Lord told them
to make his own so that index thing
he's talking about was not the one he
made is the one that he all right that
was the one previous right was the
right which is why there's a pop-up
saying we did not make this coin
anyway hey the last the only thing we
could do Melissa's right in the comment
is pray for our backs and the Lord will
give us a 10x that is the way ladies and
gentlemen this is why we talked about
Shabbat candles on Friday and Saturday
and and you know and why we trade
chick-corns and Sunday anyways Ovi what
are you drinking now you're drinking
over to another mango based drink I
think yes sparks parking mango
fucking loves mangoes I'm really I'm
really I'm really thirsty and I don't
drink I'm really bad drinking water but
sometimes I find water isn't enough need
like something sugary but yeah yeah we
used to go through these regularly we did
go for something regularly famously yes
you guys are cute you guys are cute
anyways last but not least let's talk
about NFTs a little bit lads let's
get the skewer little NFT roundup I
mean this roundup has to start with
crypto pops right I mean if you don't
have a PFP if you have a PFP on the
150k don't add me okay don't you know
is it if you have it was the pasta if
you have a hundred K don't don't don't
talk to me don't don't don't add me
don't anything hey look that looks like
a heavy like a like a quite healthy
crypto punk for to me so what happened
this weekend is that the crypto
functions went berserk they're now
they're not a hundred at a hundred
and fifty three thousand dollars but
sixty-five eight and some insane insane
volume going on these punks all weekend
long I mean a bit just came in for one
million dollars for a zombie right now
actually during the show and it's look
it's just been great to see I mean if
you look at the last sales here on the
screen they're all big a lot of them
are big sales man another 3d glasses
here oh yeah no you that's that's
your stuff 3d you're going 91 East
man big words you got top hat mando
the mando punk sold the top hat so I
mean this string of sales here is
insane to back-to-back Cowboys at like
over tourniquet top hats over 200 to
back-to-back sorry three back to back
to back hoodies above $400,000 the
punks are flying lads I mean the
Faroke punk my last punk sold this
weekend as well the one I sold to
upgrade for the current one love to
see my son trading hands here but but
this cool to see and it seems like
there's a fun that's involved in this
that has been buying up a lot of punks
it's like one wallet that's buying and
bidding on a ton of punks but also a
lot of people following and then
punctual TC just you know sending a
five million dollar bid on a on a on
a alien punk which is perugia's punk
and a bunch of eight punks also catching
some big bids here I mean what do we
have in the NFT marketplace no I'm not
sure I don't know I don't know who's
yeah clearly clearly someone's coming
with some money opening up I mean they
thought this is the punk they've bought
this one wallet but nine punks and it's
not a single floor punk in there you
know it's something who knows a lot of
mid-tier ones some of the like things
like top hats which have looked under
value to me yeah I mean some of the
other undervalued traits yeah just seem
to seem to move so yeah and then you've
had some like actually realistic bids on
some of the eight punks so I think I
saw you saw this one got a bit and
then snow for a road over the weekend
that it's not for sale but that was
such a chat tweet yeah but there's
been a quite a few quite big bids for
eight punks and maybe we'll see one of
those trade definitely feels as though
yeah it's heating up crypto punks going
to 65 floor it's just crazy that like
they are just so far ahead again like
compared to there was a period obviously
where there was a few different things
looking like they could move like that
and crypto punks are now basically three
X you know born apes right it's kind
of wild very very big move and look at
those bids these are all bids it's our
left yeah like life bits is for bids on
four fucking hoodies and for those who
don't know you cannot place a collection
bid in punks you can't just bid 250
eighths on the hoodie yeah and having
all hoodies it's one person bidding a
thousand eighths because they have to do
it four times but it's pretty Chad when
you look at the amount of money in
bids and punks like they're all
individual there's no such thing as a
something you love to see right where's
the alien punk that caught a big bid but
that was that was punks I got it dude
this guy's like moving markets man like
the way these people bid over there
what is it you saw this tweet like
91,000 ethan volume was pretty well
but this was the punk here peru just
they got a bit withdrawn now but it
was 1700 eth over the weekend so big
big punk weekend over here big punk
weekend you know over that don't over
oh oh oh oh is that God over the weekend
God I was in Disney World and God came
to me and said Benny you need to build a
tunnel you need to build a tunnel to
show the light for punks and you need
to show and build a tunnel to show the
light that we will be pumping and he
told me this in Disney World so I
built a tunnel from here back to New
York just so you know and I am ready for
what's about to happen I hope people are
also because they need to understand
that this is this is not some small
little sign this is God telling us I'm
gonna tell you a very quick story one
day there was a man drowning okay
because it was a flood okay do you guys
know this story there was a flood and
someone said hey I'll save you and the
guy said no God's coming to save me
and then a guy hit the boat came and
he said nope it's fine God's gonna save
me then a helicopter came he said no no
no God will save me and then he died and
went to heaven and God said why what
happened he's like you were supposed to
save me he said well I sent you a boat
and a helicopter that's what's happening
right now God is sending us the
messages and we are not listening so if
you you have to listen listen to God
give him a 10x man
listen to God I mean it's so what is
the moral of the story is that he's
sending us he said pumping he's pumping
he's pumping listen this guy made 1.8
million dollars God told him to make it
we have punks pumping everything he's
telling us he's telling us it's there
it's there for us to see but yet we
aren't listening to him we have to
listen yeah yeah I mean we definitely
have to listen speaking of listening I
mean this just in well not Justin but
this is 20 minutes in what is it Barry
Silbert griskel move 900 million dollars
in Bitcoin on exchange so so brace
yourselves because that is God sending
us another message here he's sending us
another fucking boat the thing is there
is 20 billion dollars worth of boats
coming our way until the having so you
know it's a lot of boats it's a lot of
boats but to Benny's point when q3 comes
q4 comes and everything's going crazy
don't say that God didn't send you a
message on chain messages by the way
Benny we're getting your messages on
chain this year that he didn't try to
save you so Benny those are some wise
words here my good friend thank you
for preaching here I think we're gonna
need you more often as we honestly are
just constantly getting dumped on
during the show it hits the show is just
at the exact time where these guys are
like completely obliterating the price of
Bitcoin how's a one-second ticker
going over oh man that is so even
Eric quit tweeted that tweet and says
damn this has been a pretty solid
indicator of nightly flows to break
yourself just realizing this like these
guys were like praising like GBTC two
weeks ago and I was like do you guys
know what GBTC has done to us they said
they doubt the night nine hundred
million dollars in one day yeah the
nine what do they call the night is
the nine the newborn the newborn the
newborn newborns I think the nine is
better for it's like a it's like a
70s girl band or something I mean I
mean look at her go look at her go I
mean we are Wow anyway so back to the
head maybe maybe someone wants to buy it
maybe they've agreed this maybe they
agreed to trade it yeah maybe Larry
things like listen like I'll buy all the
Bitcoin you have at 38k then fuck off
you know maybe maybe they don't know
like maybe they're not trying to sell
the whole lot and Larry's like how much
have you got to do they're like 900
milk that will be here for and I it's
like cool don't just plus my money's on
Larry Barry's just like anyways Barry's
just scammer anyways back to the NFT
front back to the NFT front that was a
little more fun right let's talk about
JPEG because JPEGs are doing fine with a
bunch of other like the other stuff
that moves crypto undeads did a 3x
Lord said game of 3x they they're up
13 so you saw frog Nana's they had a
decent move over the weekend cool cats
had a massive sweep 40% I think they
were they moved higher or 50% a couple of
big sweeps by Pablo Picasso and a couple
of others so that those those moved I
didn't really see anything why that
moves so maybe maybe there's some I
always felt like with cool cats but
if anyone buys a cool cat it's cuz
there's inside information that's what
that's the first thing that everyone
thinks it's like what's going on in cool
cat I think I mean you could say I mean
doodles are now up to 2.3 so what do
what the news is pandas have been
grinding up organic like organically
that's been one of the ones that I
genuinely watch pandas like once a week
like go through the floor and
everything just look at like what's
going on obviously ice bags is cooking
with campfire media only have one so
not even bike by us this stage so
it's good checks obviously working hard
on it and to eat yeah it seems like it's
a decent spot and then you have some big
generative art sweeps couple of fudenzas
got swept a bunch of squiggles got
swept by Flamingo down our forms is
flying to terra forms yes so general
definitely had a bit of a weekend or at
least from Friday like evening onwards so
like yeah definitely has been a busy
busy period for and then the last
thing but not only some Bitcoin you
guys should check your wallets because
you have have you guys I guess I have
active ordinal wallets so someone
airdropped an NFT an ordinal and I just
checked my wallet earlier I was like
what is this and it's this thing here
and the airdropped this thing RSIC
protocol and I saw Tyler tweet about
this because the United is the United so
if you have been an active if you've
been active in ordinals it seems like
everyone so 21,000 wallets got an
airdrop by rune rune coin sorry and he's
saying here I thought that was
interesting so honestly like if you have
an active order one if you bought
puppets or monkeys or whatever in the
last I bought mine when like two weeks
ago it's been since I bought my puppets
so I got it um and so it says the way
the RSIC airdropped by rune coin was
done is really neat and I hope
airdropping onto the earnings community
becomes a trend but this type of market
needs to be called out this is the
first-ever rune on Bitcoin I don't know
what any of this means by the way if
someone knows yeah tell us yeah so
this isn't the rune that you've heard
of no no I know no this is not for
thought chain this is the new this is
the new protocol by Casey which is
potentially a competing to be our c20s
hmm it's his own version of like
creating a a fungible token okay on but
I think you can also do various other
things with it but yeah rune is we
should get it back on to like explain
what it's a new protocol for for tokens
on on Bitcoin it's known definitely for
fungible tokens as like maybe a
competitor to be RC 20s but I think it
can extend to various different things
so this is this what as I said this is a
form of marketing for them so like they're
using this as a form of marketing for
then you for the new project is breaking
the person who just aired up 21,000
inscriptions to the ordinals communities
published this on-chain message
explaining that this is part of the
game called RSIC where holders will be
a low allocated future rune tokens and
the parents at the parent of the
message is inscription 126 which
indicates it's an OG behind this or
someone bought it from an OG two days
ago when it got transferred and so I
don't know what's going on there but hey
check your wallets because it's worth
point or two Bitcoin this morning which
was the price of a puppet that was
this morning the floor on this is now
it's lower so I'm assuming a lot of
people saw this morning started like
selling it but you still looking at
point of 69 support of 17 Bitcoin so
you know yeah look it's it's nice yeah
and we should get Casey on so I messaged
him and he said that I tweeted tweet at
him I'm like when you come back and he
goes he only goes now when he wants to go
on tours so so he's gonna go on the
media tour they hit us up I love Casey
though honestly I just love that guy
like his attitude like his whole like
personality like I'll never forget him
screen-sharing himself filming
himself hey that's like all-time highs
Casey wrote a more but you know what
let's find out more what happens there
but yeah check your wallets if you're
there it's already done over point 25
Bitcoin and volume our current Bitcoin
price I can't promise you what Bitcoin
price gonna be tomorrow is $700
airdrop so you might have $700 in
your wallet as of this morning but and
the last thing before we take off
your boys is ordinals again the
Sotheby's auction ends today right we're
22nd the taproot wizard that they were
on talking about they here last week is
at $140,000 3.33 Bitcoin right now is
that's what that's what it's going on
for which is pretty wild so that's the
cat oh and then the cat the cat one
right the cat mint you know all the
stuff came out so I thought they were
gonna do a point one BTC mint and stuff
like that so obviously like everyone has
like mixed feelings when it comes to
opinions when it comes to price points
but you know taproot wizard projects
were early on let's see what happens
there but yeah that that curated thing
is going on so there's $140,000 bid on
the cat on the cat a lot of stuff is
starting to heat up today so you can
check it out but I think this is a
best look recipes that's at $65,000
though the Bugatti egg shot to Ali the
number 10 is at $48,000 now it's egg
number 10 and then you have a few sats
the node monkey honorary though I was
looking at it is that $7,500 which is
about four prize for a monkey a node
monkey here I've got point 17 point
18 BTC at current prices but there's
that going on right now so NFT is
very much so alive and like you said
already I'm going to go over it too
much but on the Solana side as well
seeing some some of the projects you
know Sagamon keys above 8 soul cleaners
are still very strong at 30 quests as
well mad lads haven't really retraced
below 160 soul love to see that and then
frog Anna's are six and undeads went up
about two and a half X so up to 12.6
soul and then on the on the on the front
on the on the each front think it was
you guys you guys had a good weekend on
your on your end I saw Tyler did it
sweet some red guy it's all we do it
now don't swallow your wedding ring
he's like putting my ring in my mouth
that was that that's basically what
that means yeah so so is that and then
just in I guess Sims just ping me as of
seven minutes ago it seems like tensor
just rolled out a tool so you can longer
short NFTs so that's interesting for
paying us in the back here yeah exactly
but price lock a simple way to longer
short NFTs I'll be interesting to see
what that happens but a lot of moving
parts on then let's not forget ovi one's
a blast unlock like this like billion
dollars locked on their last yeah
blah it's supposed to be February where
you can take your blast out and then I
think in the test night goes live in
February I think I'm not sure but then
the maybe main that I'm not sure and the
airdrop is supposed to be in May but
yeah like over a billion dollars worth
of ETH becomes unlocked available yep
yeah so it's uh it's gonna be a lot in
there's a lot of them hi yeah but what
about Gary I'm not saying I was gonna
do I'm not saying I was gonna do that
I wouldn't be surprised if you go like
I told you guys zero point zero three
zero point zero three seven now so you're
waiting for three no point point zero
three six right now yeah I'm sorry I see
like twenty seven soul is like when you
through here yeah this morning that's
what I was looking at earlier today
alright well we'll see because I mean
slaughter eco has a lot going on for
it in seven days with like the most
anticipated eight days sorry nine days
almost anticipated airdrop of the
year so we'll see what happens with
YouTube I'd love to see if like the
Jupiter I don't think mail comes on
spaces right but maybe someone else
would be fun to have anyways I think
that's a good a roundup a great way to
start the week so with that boys have a
wonderful Monday have a wonderful rest
of your week same to every single
listener remainder to follow at FOMO
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and we should have another great
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morning 10 3 a.m. Eastern Standard Time
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episode of FOMO our on rock radio let's