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FOMO HOUR: $69,000 BTC! 😱
Recorded: Feb. 5, 2026 Duration: 0:58:29Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored the current market downturn, highlighted significant token launches like Fidelity's stablecoin, and discussed emerging trends in AI integration within the crypto space. The conversation also touched on regulatory challenges and strategic shifts among key industry players, indicating a dynamic landscape ahead.
Full Transcription
Thank you. Yeah, you can... Thank you. One second, everyone. whoa check
seems like it's going it's going yeah okay okay perfect it's working it's working. It's working. All right, let's kick it, Charlotte!んん
Oh, yo, yo, what up?
What up? Good morning. Good morning. Goodg m uh what day is it when is it
wednesday it's wednesday okay it's thursday thursday february 5th 2026 look at that uh
another red day to have another red day.
Tyler, dude.
I mean, how are you doing, man?
It's not great.
Personally, I'm a little under the weather, and then I woke up and saw prices
and was even more under weather, underwater.
Underwater.
It seems like it's just every day.
It's Black Monday, Blacker Tuesday, Blackest Wednesday,
even Blacker Thursday.
We'll see.
But it would be nice to at least have some kind of relief.
But it doesn't seem like the powers that be want to give it to us,
unfortunately.
Wow, we just lost 69.
I was going to say,
I thought we'd see a baby little relief bounce here
because of previous high.
Maybe it does want 65 165 you know after all
but uh we'll talk about that for a minute we'll have to talk about that for a minute
wow i'm just joking right now wow i mean i keep drawing lower lines you know how people draw
higher lines i just keep adding lines lower dude we gotta pull up some lines unfortunately I haven't seen our quant Bernie power lines I haven't seen
his latest we need Bernie
we absolutely need
Bernie speaking of
Bernie we have Bernie's
mentee Bernie's
student so we'll settle for that
today Mando
weird angle isn't it
you're hosting
from a different place today.
Yeah.
I am.
You look like you're on the go.
Everything seems a little weird.
How are you guys doing?
Doing?
Honestly, I'm at a stage in my life where I'm so fucking busy
which you guys
probably aware
I don't think
thank god
I don't really have time
for this
but it just suck
but uh
and Tyler's sick
on top of that today
we're entering
builder mode again
is that what we're doing
no dude
health and wellness mode dude
come on
you know we've entered
that a lot
you know
we're entering
health and wellness mode
everyone's quitting.
Cal Simone is out.
Brian Armstrong pretty much out.
I mean, you know someone quit when they're entering their longevity part of their life.
But we'll talk about that in a minute.
Today on the show, markets.
Then we'll go through Tyler's topics.
Then we'll keep the show maybe a little shorter to give Tyler maybe a little relief.
And then we'll do a Yeet giveaway.
Of course, Yeet.com we'll do a Yeet giveaway.
Of course, Yeet.com.
Use the code FOMOHOUR to sign up and have a chance to make some money. And with that being said, it's set to be Yeet's biggest ever day today.
Wow.
On a day like today?
We've already breached.
I think we've already breached
our daily total ever.
And it's...
We've got
nine hours still to go in the day.
This is going to be a monster day.
That's wild.
Yo, Lux.
Do you think we can get
your personal license on Myriad?
If you produce your markets, pivot to iGaming, online casinos.
I woke up this morning and people have been going wild overnight.
What do you think?
What causes this?
Because the market is tanking across the board.
Even markets are great.
Are people just gambling?
Is there something? Do you think there's a correlation to markets and casinos you hear me uh honestly it's a bit i couldn't tell you because because on certain days
when the market dumps i guess it wasn't actually that big day for us and the market was dumping
and i was like oh maybe the market's trying to feel it a little bit and then i woke up today
and um it's gonna easily be our biggest day, I think.
Wow.
Congrats.
That's cool.
The Chairman's Cup is huge.
But I guess you would think it would be better.
That's one thing.
We increased our Chairman's Cup to 50K a week.
And it was at 15.
So it was like a 3X on that.
So people are going a bit more ham for that.
Wow. reacts on that uh so people are going a bit more ham for that but wow um yeah interesting all right well that's very interesting that's really cool i love that um
congrats anyways happy for you
i guess yeah happy for you dude um you know happy for you congrats I guess yeah happy for you dude
you know happy for you
but actually though
proud angel investor
neat okay
I was one of the two KOLs that was
allowed to get in so
we're doing pretty good
anyways
with that being said
all the other
KOLs that invest in set up their own casinos.
Yeah, there's a lot of...
We don't need to go there, right?
We don't want to go there, right? It's recording.
We don't want to go there.
Let's talk about the markets, Mado?
Shall we?
Yeah.
Who is the man
back old daddy of the land
can you dig it yeah my my wife said to me today it's like are you just trying to come up with
new words for fall for each one of the mando minutes at the moment like it feels like you
have to come up with a new adjective for the term fall uh and i was like, yeah, it's like that at the moment. We're coming up
with another one today.
Cryptomarket slide.
I think.
Puke, slide,
drop,
dump.
We can come up
with new ones.
Plummet.
Plummet, obviously uh yeah bidless we're coming up with new ones here guys as crypto hits uh 68k michael barry says it's going michael barry even
says it's going to zero um that obviously got some headlines big short investor thinks
bitcoin's going to zero every single major news outlet picked up on that one you have liberty
let me financial dumping bitcoin uh in the last in the last few minutes you have metallic dumping Kyle Simani quitting Kyle Simani longevity what are we doing here
what are we doing here boys
it may just be
you and Tyler left at the end of the cycle
look
at this level
I thought we would bounce over
2021 high we didn't we've just
smashed through it
I think we are
getting
towards
the beginning of the end of this
sell-off, in my opinion. Let me put it that
way. I do think
we're going to see significant two-sided
trading in this level
and all is
not lost.
I think we'll chop around this level for a while, basically.
But we're now entering the sort of zone where I am surprised.
It just seems so like it's not bouncing.
Do you know what I mean?
It's just like every single time I look at it, it's just $100 less on Bitcoin.
And that's not that great so maybe
we have one final 10 10 style eclipse coming but i do think this is the beginning of the beginning
of the end and in a good way here guys this is the beginning of the end of the seller i think
we're going to see at least some sideways action around this little level i went on uh i went on thread guys stream hcsn
people who watched that i'm not just going to parrot the same thing but i also think this is
a massive opportunity i do think we're gonna see i said on that show look i'm looking for
height below 30 i do think it's going to go there at least once i will be shoving Dubbing. ETH plus 2,000. Live on air.
I mean, Vitalik is dumping his ETH. What are we expecting here, guys?
As you were saying, so you're
shoving a hype on our 30. I shoved at
32 thinking that we'd bounce here.
We'll shove. Not shove, shove.
But you know what I mean.
No, I think it's going to go a little bit lower.
But I think it's something that I'm going to buy.
I'm looking to buy gold.'m maybe looking to buy bitcoin but but bitcoin i'm not going to be the first i'll wait for it to form a bottom i'm just
saying i think we're getting towards the beginning of the end of this sell-off uh for solana and for ETH,
I don't actually know.
I think we're getting towards the beginning of the end for the sell-off for Bitcoin.
Stoll, I came on the show and I said it's going to 70.
Sol, look at that.
That could...
You're going to think I'm crazy,
but this could go to like $50.
This could get really fucking ugly for Solana.
Like people who are saying, oh, I think Solana looks good here at a double bottom.
No, like it broke through a multi, multi month, like multi year support level at 126, 125.
And it just hasn't stopped like that.
That is a horrific chart.
Do not touch Solana.
Do not be the person catching falling knives.
Just wait for it to fall on the bottom
and then look at it.
Even if it rallied,
do not pay into yourself
by thinking this is the time to buy that chart.
Ethereum still hasn't put in a lower low
since the March sell-off or April sell-off.
I think it's probably heading there here,
or at least it may put in a higher low.
Well, there is a massive liquidation at $1,800.
It's definitely hitting there.
That last liquidation. $1,800. It's definitely hitting that.
Like, no doubt in my mind.
That last liquidation.
So Garrett's sold, right?
The other guy, the billion-dollar liquidation is at $1,800.
My thought here, Amanda, was that we would have to tap that.
And then, you know, if you're Tom Lee, you can say, all I see is a higher high and a lower and a higher low.
You know? Because technically, we see is a higher high and a lower and a higher low, you know,
because technically we hit put in a higher high and,
and you know,
we could be about to put in a higher low.
So right there,
there you go.
See,
right.
But like also like go back to 2022,
we put in a higher high and we could be about to put in a higher low.
So there's some, there's some bullishness that you can still take from this.
The one thing to also put this into slightly more context, macro, bring up NVIDIA, bring
up the NASDAQ.
NASDAQ just put in a lower high
and may now be about to put in a lower low.
NVIDIA just announced it's delaying its gaming chip.
Google had some of the best earnings I've ever seen
from a company.
So what happened there?
Because it did Darth Maul like crazy yesterday.
It was earnings.
Earnings yesterday.
But I mean, Google
is something that I want to own
if it dips.
Google will be the most valuable company in the world.
I'm telling you now.
Gold If it dips, Google will be the most valuable company in the world. I'm telling you now. Gold dipped, but I'm buying it.
Silver dipped, I'm not buying it.
Those are those two.
Like silver, if the stocks drop here, I think silver will drop.
And it is right now.
But I think gold won't. I think gold will
be good. Yeah, it's get a
job season. It's get a job season.
Comments. If you
don't have a job, we're
sitting pretty here. We have jobs. We have
companies.
We're built for bear markets.
Yeah, I mean, if I didn't have a job,
I'd fucking be in trouble,
dude. The robots are hiring,
so you can go work for an A&M.
The robots are hiring.
The robots are hiring. Man, silver?
Oh, man, I added some silver
before bed yesterday thinking, yeah, that looks good,
and I got, well,
well, because this thing was,
like, here, I'll tell you why. This thing was, like, recovering, well, because this thing was like, here, I'll tell you why.
This thing was like recovering
pretty well, right?
And I was, my thinking was
crypto was going to tank yesterday
and I don't want to short crypto,
but I'm like, it's going to 69K.
Like even yesterday morning,
I think in the boys chat,
I was like, this is going to 69K tonight.
And like, I don't want to short
and I thought maybe gold and silver could do well in this economy
like it did previously versus crypto.
And everything tanked.
Yeah, I think silver will bounce.
I don't know where.
A bunch of stock guys and meme coin guys are in silver.
And if the market tanks, I think that tanks.
I feel like this i thought this
flushed out those people were talking about right i thought this flushed out the hyper liquid
longers but maybe i was wrong then they just got back in and it's both they just re-bought the dip
uh it is wild to me it's like we we focus on crypto on the show but just to
the level set i mean this is kind of what you're
saying it's it's much bigger than just a crypto soft at this point spx stock this looks like a
macro self yeah yeah for sure i mean look at hood stock if you rotated your bitcoin in august to
hood you felt like a genius for a quarter and now now it's... Is it 85 yet? 77.
It's down to 50%. Whoa.
Okay.
So I had...
Wow.
I was looking to hood at 85.
Then 5.
I was like, really?
Wow.
Okay.
Wow.
So I guess that's going to like 67 next.
Everybody hood at 67?
Get a job.
I have a job.
My job is really hard right now too
because this shit is not making my job easier.
I...
Yeah.
I think just let the dust settle.
This is an amazing opportunity as well.
I have to say this.
I'm sitting here as a trader being like,
this is incredible.
We're going to have time to buy some great assets here,
particularly the ones that get caught on liquidation wicks.
You get the chance to buy a hype at like 27, 28 again?
Shove.
You get the chance to buy gold below 4,500?
Shove it.
Google below 300?
Shove.
With what money, man, though?
With whatever fucking money you have.
Let's go.
I like that.
That's a good clip.
Mando, question though.
I was going to go there
and you kind of went there on your own.
What are your levels here?
What is Mando looking at?
So hype, you said sub 30.
For you, sub 30 is a buy, a shove.
Gold, sub 4500 is a shove for you what do you think on bitcoin you
said ethan soul you did say don't touch that wait a bit fair coin what do you think bitcoin i would
wait as well but there will be a shove level on bitcoin like the thing is there are assets you
would buy that i would sorry there are assets i would never i don't like catching falling knives right
once the structure is broken down which bitcoin has i don't like buying it but
just think right now like how old do you think you're gonna live to bro you go to the gym every
single day you take supplements you're like what about those peptides are fucking kicking in
peptides time is mentioned like 150 like peptides. Tyler's mentioned like 150.
Like you're going to live till 120, 120, right?
Yes.
You get the chance to buy assets down 10, 20, 30, 40, 50 percent.
These are the times to like make a ton of fucking money.
Like how everyone was waiting for what you could make in 2020 or, or like the previous Bitcoin dips, like there are,
this is going to be a great time now.
Like this way Bitcoin consolidating at 65 K like, that's good.
That's good. It's going to go high. It's going to go high.
I was curious of it. Thanks for asking.
I've seen two, like everyone's saying we're
going to the 200 week but there's like an sma versus an ema and one of the lines is 68k one
one is 58k 58 58 so it's a simple moving average i would use okay well it's 67 right now
67 i'm not kidding it's the state of a rent.
58K.
What am I doing part of this Ace Trader comp?
Guys, I'm doing good here.
Mando, give me a train.
I need to make like 10% more in the portfolio,
and I'm good.
I'm through.
Short soul here at 85.
Give me a train, dude. Give me something. here at 85? Let me trade you.
Something.
Oh, we're dropping fast.
This could be the final one.
This could be the...
Maybe a little short soul
we'll put 50% of their stack
at like 15x
is that dangerous
money
you're not convinced
I get a little 67
meme joke
it's tough right I've whiffed on this short trade you're not convinced. I get a little 67 meme joke.
It's tough,
right?
It's been,
I've been,
I've whiffed on this short trade just cause it's,
everything's been going down so much.
It's like,
is it really going to keep going down every day?
It's like a solid 85.
It's down 20% from a hundred.
Yeah,
no, there's no, there's no bottom in sight
oh man this is the beginning this is the beginning of the end to be clear guys like
have those assets up in your stream where is hype where is hype right now
hype is that
uh i know because i have a lot and I'm down.
3,185.
Of course.
3,175, that's fine.
Fine.
Is this thing going to go below 30?
I don't know.
It kissed 3,10.
I would bet a 30, but 30 was quite defended.
I mean on days like today, Hype also makes all its money, right?
Like Hype makes a fuck ton of money on days like today.
Yeah.
There's that to keep in mind.
I'm going to buy a little bit of Hype.
So Hype, just so you know.
Do you have the website, Tyler, that shows all their volume?
Today, Hype is on $8 billion volume of Bitcoin.
$3 billion on ETH.
$2.6 billion volume of silver 1.3 on soul
like there is volume right now going through this thing of course it's on yeah i i the only buy i'm
annoyed about guys is that silver by yesterday i was like hmm that one's down that seems rogue by
you like why were you just buying silver i don't't know, man. I was talking to Wiz, and Wiz was bullish silver.
And then allegedly this morning, he said he was not.
So he kind of scammed me.
Yeah.
I gave him some shit.
It is rogue of me, actually.
I mean, silver would probably be fine.
But yeah.
I think silver's still got quite a lot of leverage.
A flow scan. There you go. Your boy only buys spots. But like, yeah. So I think silver's still got like quite a lot of leverage and like... Oh, FlowScan.
There you go.
Your boy only buys spots.
So if I'm down maybe five figures on silver one day, I don't care.
Like, yeah, I can hold it for a couple of weeks.
You know what I mean?
Here.
Let's look at the hype numbers that Tyler just said.
You see?
It's putting in some numbers right now.
Yeah, today could be a new all-time high.
Yeah, look at that.
So, I'm not really concerned about days like today because the buyback machine is machining.
Yeah, I believe mine.
One thing is, I like what you started off with.
Tyler, we can go to your topics.
I do like what Mando said.
He said, today is the beginning of the start of, whatever, you started your sentence it was i liked what you said it's the beginning of the end in a good
beginning of the end of the sell-off yeah and actually five minutes before the show so like
literally half an hour ago that's what i tweeted i said i said i think today in the in that previous
cycle high level was the beginning of the bottom.
And people who are truly sidelined from crypto are starting to nibble.
Whether or not we fully bottom here, I don't know.
We may die again and head to 65K or lower, which is kind of happening.
But surely buying $69,000 Bitcoin cannot age wrong over a long period of time.
Remember that most people don't have time to be on CT all day long and watch positions.
More people just buy what they can and wait.
Two signals for me.
I went to the gym this morning.
My trainer was on Binance buying Bitcoin at 69K.
Wow.
And sold at ETH.
Sorry, Bitcoin's ETH only.
At 69K.
Not a lot, right?
Like we're talking
a couple hundred bucks, right?
We're not talking, okay?
And then my landlord,
I was just talking to him before
because he's like a homie at this stage,
deployed 25% of what he's personally capable of deploying today.
Only Bitcoin and ETH, again.
To me,
and I tweeted before this,
I said,
the same way there are top signals in the bull,
there are bottom signals in the bear.
I think today's the first stage of those signals
of a somewhat prolonged bottom.
Do you know what I mean, guys?
Yeah.
Well, I just think there's enough volume here that, like, this will be defended.
We traded around this level for months.
Like, you don't smash through that level.
You don't smash through a level like that.
I mean, we've been smashing.
We've been smashing.
No, but we've been smashing through what I said.
We didn't have a lot of...
There wasn't a lot there.
We've been at this level a few times.
Even look, this is a level
we topped out in 2021
and then we chopped
around in for
six months in 2024.
Like, this is...
This doesn't just get smashed through. So, this is the beginning of the end. We may 2024, like, this is, this doesn't just get smashed through.
So, this is the beginning
of the end. We may have, like I said,
one final liquidation, and I don't know
where Solana and ETH go in that
liquidation.
Yeah.
So I'd be very careful of those.
It would be nice to see something like this, you know?
Nah, it would be more brutal than that i think
so mando wants this boys there you go i think it'll be violent like up down up down you know
oh like like this yeah oh yeah that this isn't gonna be some pretty like, oh, volatility goes down thing.
No way.
Not here.
So it's more like this?
Because this was aggressive,
69 to 15K.
That was just 40K.
I don't know if it goes back up from here,
just to be clear.
I'm just saying that I think this is,
this is where you can be two-sided for a little bit.
If it's not,
like,
Lord help us.
But like,
it just has to be.
It just has to be. And we went down 77% from the high last cycle, but like, it just has to be. It just has to be.
And we went down 77% from the high last cycle, something like that.
So we're pretty much...
I mean, what's the definition of a capitulation candle?
We're at 10% on the day here.
We're at minus 21% on the week.
We're 30% in three weeks, if you want to know,
since we were all bullish.
We're 30%.
15%?
Is that the number?
It feels like we're decently close.
What's the expectation candle
looking like for you, Mando?
It's true.
That's a good question
because today alone,
we're 15%.
Go to 60K in a candle.
Maybe lower.
Maybe 58.
Maybe we touch that 200 in a day. It's a wick, right? Wicks on a candle. Maybe lower. Maybe 58. Maybe we touch that 200 in a day.
It's a wick, right?
Wicks on a chart never really get caught, right?
But you could easily have a wick down to that level.
So 58K.
That's a different level that you guys are talking about, right?
Okay.
Godspeed.
On the bright side,
JP Morgan came out
30 minutes before the show.
Said they're ready to switch their buys
from gold to Bitcoin.
They said Bitcoin looks better now.
See, that's the thing, right, guys?
If there's still faith in the system,
then shit like this
going on,
like what Tyler was talking about.
Bellagio also came out today.
Like, a lot of people
coming out today saying,
like, yo, like,
you know?
Bellagio who bet
so many publicly
that Bitcoin was going
to a million dollars
in 30 days.
He said,
I've never been more bullish
on Bitcoin
because of crypto.
I think he was
back then,
you might say
oh man so i'm just saying i'm just saying he's been bullish on bitcoin for his whole
life i'm buying the gym dude all i'm saying is call that uncle right now and sell him bitcoin
you know what this is where we dump on the fucking Zoomers.
It's 6-7 meme.
We're there.
Hey, kids, do you know what Bitcoin's at?
You know?
This is our day.
We've been training for this.
Months of the 6-7 meme was just
to desensitize
these kids to start programming them. That 6.7
is the buy zone.
Oh, man.
We just keep going lower, man. It just keeps going lower.
Keeps going lower.
Keeps going lower. Why did I buy silver?
I'm so tired.
Zeke got smashed. Zeke went to
$2.20 or so.
Did you buy a lot of
silver?
I bought $34 hype.
I bought $32 hype because those levels tend to be good.
I bought a medium size of silver.
Yeah, I did actually.
Not a lot, but like it made sense.
If Bitcoin goes to $60k,
silver's going low.
I can tell you that right now.
So be prepared for that.
Yeah.
I bought a little bit of gold, but that's only down like 3%.
So it's not the end of the world.
Yeah.
I was confused.
You know what else is at 67?
Silver, isn't it?
Or whatever silver I'm looking at.
No, silver's at 7... 74. Yeah silver I'm looking at. No, silver's at 7...
740.
Yeah, I'm looking at a different one.
Ah, boys.
Boys, boys, boys, boys, boys.
Rough times.
Rough, rough times.
Anyways, with that being said,
ladies and gents
shall we go to Tyler's topics?
do you have some stuff to talk about today?
or are we dead?
yeah let's see
we can go through a few things
for daily NFT and crypto analysis
Tyler to on FOMO
our cause the kid can't miss
great to back some bears
yeah folks unfortunately crypto majors are puking sliding, plummeting our cause to kid can't. It's great to back some bears. Yeah, folks, unfortunately,
crypto majors are puking, sliding,
plummeting. Pick out
your colorful verb
of choice. Bitcoin down
10%, 66, 920.
Oh, no. ETH down 11%,
1935.
Solana down 9.5% at 84.
We are approaching fear and greed levels.
I think we touched this level in November, but basically at three-year lows.
Treasury Secretary Scott Besson yesterday, he was testifying before the House Financial Services Committee.
He was kind of an ugly back and forth with some of the congressmen there.
He did get the question, will the U.S.
bail out Bitcoin? It was a bit of a nonsense question, but you probably have seen his answer
go viral. He said, the U.S. is not going to bail out Bitcoin. I don't think any rational person
thought that they would, or there was any way for them to do that, but that is a headline going
around. It seems like the Barack Pierce Epstein ties are going deeper than previously known he's
referenced 1800 times in the files
so he's clearly tied in
and you mentioned yesterday but Luke
Dash now calling on Adam back to resign from
Blockstream after the files named
him and Epstein as an early
investor in more positive
news CME group they're exploring launching their own
token on decentralized network moving crypto products 24-7 trading.
Here, perhaps as soon as this quarter, Fidelity launched their FIDD stablecoin on ETH, $59 million initial supplies backed by cash and short-term treasuries.
Them being a $6.8 trillion asset manager, they are now the largest Tradify player to issue a stablecoin.
So, somewhat notable there.
In Treasury's ETFs, the outflows across the board.
Kyle Samani stepping down from multi-coin capital.
He will remain chair of forward industries.
Some speculation out there, perhaps it was a disagreement of multi-coin going into hype.
So maybe we'll chat about that.
In token airdrop and protocol news,
Rainbow Wallet's rainbow token and airdrop is expected to go live today
at the end of their ICO sale.
I think prediction markets have it at just a 25% chance to get to $100 million FDV.
So taper your expectations on that one.
Ripple added Hyperliquid to his prime brokerage platform.
The CyberKong's team announced plans for this Death Star.
It's the latest TokenWorks project.
Nevada suing Coinbase over their newly launched prediction markets.
And then we got some open AI news right before the show.
They launched their Frontier
product, which is similar to their Claude. It's kind of their own version of Claude Cowork,
but for enterprise. So the AI company is continuing to roll out updates. And then,
oh, I miss this, but Jeremy Allaire basically said he's vibe coding his own agentic work platform.
And U.S. and circle is leaning heavy
into the ai crypto space so i thought that was notable all right quite a few things going on i
think one of the main ones was kalsamani saying there's nothing left interesting in crypto deleting
his tweet and then uh talking about um you know we have two of the major tokens that are loves their daddies yesterday. Right?
Vitalik's spiraling out.
Though he did rephrase what he said today.
And I think Vitalik's right, by the way.
But, you know, it's time and place.
And then there's Kyle Simani, who, you know, Ford Industry bought $232 sold.
Now we're at like $84.
I mean,
guys, what's going on?
The soldats got whacked, right?
I thought it was crazy.
I couldn't find the tweet where he said that crypto wasn't interesting anymore.
And so, yeah, he did delete it.
I'm sure there's screenshots going around.
So I've only seen his more like
formal tweets
where he said he's going to remain in the role.
Still, he's still bullish on a handful of assets.
But what was interesting, I don't know this has been confirmed, but there's a tweet.
I'd love to listen to what he actually said.
I have it. I have it. I have it.
Hold on. Someone posted the entire thing here. I have it. I have it. I have it. Hold on. Someone posted the entire thing here.
I got it.
There it is.
There it is.
What tweet says, hold on, so I can make it better for you guys.
It says, everyone wants to scapegoat to blame for crypto's failure.
Some blame Binance, some blame Trump, and some blame BATS.
There's others to blame too,
like all the gazillion
of two different projects,
team extractor,
et cetera, et cetera.
At the end of the day,
all of these players
are serving in need
either to provide
an in-demand service
or investment opportunities
for VCs
or solve genuine tech issues.
Instead of pointing the blame,
we need to detach ourselves
from PA
and leverage for a short term,
a short moment,
and talk about our achievements instead.
Stable coins, Asia Self Custody, 24% markets,
just as I mentioned a few.
Crypto will survive most of that.
But then he replied to the street and said,
Crypto is just fundamentally not as interesting
as many crypto enthusiasts wanted, myself included.
I once believed in the Web3 vision.
DApps, I don't anymore.
Blockchains are asset ledgers.
World reshape finance, but not more than that.
Deep in is the more neutral area.
Crypto is going higher, but all of the interesting questions
have been answered other than on-chain confidentiality.
I remain convicted.
Wow.
It's a very interesting uh view
so he's basically saying that that the apps aren't gonna work that's i kind of disagree with that
he's basically saying they're just gonna be they're just gonna be l1s which are
difficult to work out value accrual for.
I would disagree.
Do you think,
I want to ask you both this,
because I was talking,
Wiz and I were having this conversation yesterday.
He was saying,
I was like,
I don't agree with a thing like that because I think apps,
and I mean,
I'm building an app,
et cetera.
And he was like,
but,
and Wiz just said,
but Myriad is not crypto.
I said, why? Because it's all crypto. We're crypto like, but, and Wiz just said sort of like, but Myriad is not crypto. I said,
why?
Because it's all crypto.
They were crypto mechanism,
crypto on chain.
I think there's a difference
between crypto currencies
and crypto applications.
Like,
do you guys consider
polymarket crypto?
That's,
I think that's basically
what I've been saying as well,
though,
is that the apps
which you use crypto,
I mean, like you just said,
is Ye a crypto company?
Oh, that's the question.
Is Rekt, I guess Rekt is a bit more crypto-engrained,
or is it a drinks company with a crypto infrastructure?
I think you've got to think about these sort of things.
Are you a company with crypto infrastructure?
Or are you a crypto infrastructure?
When he says crypto, it's just fundamentally not as interesting as crypto enthusiasts wanted.
what are we talking about in crypto like i think i think well he's probably talking to like the
What are we talking about?
That seems like numerous.
3ac you know web 3 business concept which is like you're going to be able to own everything and
this is going to spin up new business forms i don't necessarily think that has been true
i think what it's become is a very efficient payments network for tons of different other businesses, which then
have an equity-like instrument, potentially in the form of a token attached to them. That's
what I would say is the best crypto company. Like Hyperliquid, there are non-decentralized
versions of Hyperliquid, right, where you can do basically the same thing. But I think they've become
like a very, very efficient
payment and
liquidity provider,
essentially, which
I think is undoubted.
Capital formation for crypto
is very, very quick.
And the best
ones also then
have a coin, which is like an equity-like coin where the users can benefit from coin which is like an equity like coin where the users
can benefit from which is like a completely new concept which you know if you ever used anyone
else's product they're not giving you free equity when when you started using robin hood early or
early days right like so i i think that is also a pretty cool concept but yeah yeah i don't know if that's i don't know i don't know if that's what he was thinking people were saying but i think
some people came in and said like we're going to change the world and it's been more subtle
and that we're actually just going to enable things to happen a little bit better in the world rather
than like we're not breaking down the banking institutions here really are we we're just kind
of giving them another revenue stream potentially um it feels as though it yeah maybe it's less
revolutionary than than it was initially thought it forms of It's really just become a much better, like it's a way for existing firms
potentially to tap into a capital.
What do you think, Ty?
Do you have any opinion on this?
Yeah, a few thoughts.
I think for one,
I think the revolutionary aspect
is that anyone in the world can do it.
They can't necessarily be stopped
by their governments.
So I think that piece still is out there.
I think the optimist in me is like, I'll take the field.
I'll take the field, the future bet that we're going to have some interesting apps again
in crypto in the next two to four years.
I'd much rather be on the yes side of that than the no.
I think we're already seeing signs right now, specifically like the AI crypto intersection.
I don't think it's to be overlooked. I think we're still early. We were way too early last year and it was all
slop. But now, like in a year, we've seen the step change in the agents. It's easier than ever
to build your own apps. And it's kind of the wild west, but crypto remains on the frontier of that.
And I think there really is something to it that these agents are able to operate on chain
in finance easier than they are in other systems.
So I remain optimistic.
I like it.
I think we're going to talk about it.
Oh, we didn't talk about it this year.
I kind of tweeted this on the back of Kyle's tweet.
But it was not a sub-tweet or anything.
I was just saying, like, I think the old guard is kind of going and you have new skin.
Like I said, it feels like crypto is shedding its old skin and entering a new era.
And we're seeing it happen in real time.
Fridays are ahead of us.
Many participants who got us to where we are today will go.
New participants will take over.
It's just a natural process. Like, crypto was around for 10 years now. We'll go. New participants will take over. It's just natural process.
Like crypto was around for 10 years now.
The next 10 years are going to be exciting,
but we need to go through this like change.
I think we talked about this yesterday.
I'm not sure the day before,
but it feels that way.
It really feels that way.
Anyways,
what else is going on?
There's a few other interesting topics. Yeah, yeah i mean this is in line with what i already
said um but i i did think that jeremy allaire and circle leaning in to the crypto crypto ai space is
notable so like i talked about rent a human yesterday right it's this new app this umma
protocol dev spun up that it's a job board. Humans can sign up.
AI agents can pay you to do tasks.
It's a little gimmicky, right?
I'm fully aware of that.
But Jeremy Allaire replied to this VC, Albert Wenger, yesterday, who the VC is asking, who's building Upwork TaskRabbit for the agentic age?
A hub for tasks where both humans and agents can post and
carry out tasks with the reputation system.
And Jeremy O'Leary replies, I'm vibe coding this now.
And then he went on to post on his own page a few hours later, what exactly he said, the
agentic economy needs an economic operating system it's coming alive on arc uh so this is interesting to me oh is that why arc ran
that's a different arc so oh because arc then that's probably just dgens maybe
remember arc fucking ai i mean not this one but i'm talking about different one but tyler what's The ARK Solana... What is ARK? Remember ARK? Fucking AI...
I mean, not this one,
but I'm talking about a different one.
But Tyler, what's ARK?
ARK is Circle's blockchain.
Got it.
I don't recall if it's an L1 or an L2,
but regardless,
it is different than the ARK Solana AGI token
from the 2024, 2025 era.
Yeah.
Speaking of
L1, L2s, Vitalik came in and kind of
like
doubled on the take and made it
clear. Nothing that we
didn't know, right?
He says, build something, bring new stuff. He's obviously
just calling out extraction within the L2
ecosystem, right new stuff. He's obviously just calling out extraction within the L2 ecosystem, right?
Yeah.
Yeah, he's calling out Coinbase.
I think what's going to happen and what should happen is that chains,
like the L2 should focus on one app
and the app should become the chain.
Does that make sense?
Like, the chain should power the one app
and that app should focus on
bringing value back to the L1.
Because it's still a little expensive to build on L1. As much
as we want to do it,
I asked on the Mirriad level too, it would still
cost a little too much, right?
It's not like I can just build a pricks market on L1 right now.
I think it would be
interesting, right?
I think that's where L2 is coming to play. It's the underlying technology powering the app. It's kind of like, I think you would be interesting, right? I think that's where L2 is coming to play.
It's the underlying technology powering the app.
It's kind of like, I think you guys take another approach.
And that's a funny example, but they have ApeChain, right?
I think ApeChain is just going to become the behind of other side.
So other side is going to be the forefront.
And other side is going to be built on ApeChain.
ApeChain is going to be the background.
You don't need to bring 50
fucking apps on your chain. You need one fucking winner. Like Arbitrum has a hyperliquid.
I know you could argue hyperliquid is L1 and L3. You know what I mean? I think this is
the winner. I think that's how it works. And then apps are becoming more valuable than
chains unless it's like a massive L1. I mean mean unless like Ethereum like you're probably not going to have an app for Ethereum right
I've been thinking about this a lot
we gotta stop saying built on
yeah exactly like this makes no sense
like built on what who cares dude
you know what I mean
anyways
Big Tai other than that Rainbow Wallet you know what I mean? Anyways, big tie.
Other than that,
Rainbow Wallet.
I think there's a lot of Rainbow Wallet users out there.
So this is a big day for them.
It looks like,
so the ICO they were running this week,
that was at $100 million FDV,
$19 million market cap.
They're selling half a percent
of their token supply.
That's going to end.
So that already ended.
It ended at 10 a.m. Eastern.
And then the tokens were going to go live for trading, I believe, right after the auction ended.
So is this officially live?
Let me see if I can find it.
I'm not seeing it.
I love coins
launching in this type of environment.
You're getting better entries.
There was a period where
when you launch in the bull,
the valuations are insane.
Valuations are insane. They're too hot.
Right off the gate, you open too high.
Nobody's buying your shit.
Your fish are going to go down only.
Exchange listings. I know people hate to talk about this. It costs a fuck ton. of the gate, you open too high, nobody's buying your shit, your fish are going to go down only, exchange listings,
I know people hate to talk about this, cost a fuck ton,
everybody wants to take your money,
everyone wants to extract from you.
This is really a good
time.
I'm just saying,
it's a good
time.
I think man is going to kill me. it's a good time sorry i was missing it's funny everyone's claiming kbm's asking for a short-term loan so we can short the market right now perfect what's going on well he Hey, speaking of which, Ace Trader. Ace Trader just...
No, Ace Trader just gave everybody another $2,500.
What?
Oh, really?
Yes.
Ace Trader, this morning, Ace Trader, our show partner,
announced that they are topping up wallets.
Do you have a reset option of $2,500 paper dollars?
Where is it?
Where is the fucking thing?
Hold on.
Where is the announcement?
There you go.
Second life is live.
Every trader gets one reset credit.
Got liquid or barely hanging on?
Use it to restart with $2,500.
One time only.
No undo.
Let's go.
I just reset.
I'm back, baby.
Let's go. I just reset. I'm back, baby. Let's go.
He's back.
Guys, I have to say, why did I drop to 10th from 8th?
I'm confused because I have more money than this person.
Oh, wow.
These people are cooking.
They must have been short.
I'm 10th, boys.
I'm 10th.
Yeah, you're in striking distance for sure.
I'm going to wait for the long.
I'm not shorting.
I'm waiting for the long. I'm not shorting. I'm waiting for the long.
One long and a dream.
I got to figure out
my move. Where are you,
Tyler? You just reached that.
I got licked during the show
for my whole balance.
But I just reset, so I have $2,500
now.
Tell KBM Mando that he can go on Ace Trader
and use his reset.
And then Mando, where's Mando?
Mando's 26.
I haven't done one trade the whole time,
which is buying Solana at 98, selling it at 98.3,
and then realizing it was going lower and not getting involved.
I am tempted to...
Now, in the top 25.
I may put a cheeky Bitcoin on here.
Is that stupid?
For the tournament?
67, we bounced on 67.
You think?
For like an hour or two?
Yeah.
Bitcoin could go to 58K here, dude.
I'm serious.
I don't like you today.
So ETH goes to...
We hit the 200 week moving averages.
Yeah.
Yeah, but I'm thinking like 68K is like 70K bounce. Like, that's what I'm thinking. We hit the 200-week moving averages.
I'm thinking like 68k to like 70k bounce.
Does this feel like the bottom?
No, but we're trading.
We're paper trading a competition, right?
I'm just saying, I think for it to happen,
you'll know.
It'll be like, oh my god.
Okay, so I'll just set a bit at 60k. I think maybe to put it a be like, oh my god. Okay, so I'll just set a bit.
I think maybe to put it a different way,
it's like, do you want the big dog trade
where you put your nuts on the table
to use Mando's terminology
and just win it?
Or do you want the 30-minute scalp trade?
Which you can still make.
The thing is, guys, I just want scalp trade.
I get myself 10% more.
I'm in the eight.
I don't need much, man, though, to make it to the eight.
Yeah, so just wait.
Don't fuck it up.
All right.
Tomorrow, I'll be with you tomorrow, too, dude.
We'll be having dinner.
Like, shit, you'll tell me.
Okay.
Is Iran going to nuke Iran over the weekend?
No, actually, they're not.
And actually, very sad.
I go to the gym with a fellow Iranian guy who his entire family is there.
And people have completely given up on protesting because they're too scared of getting shot.
Wow.
So there's no more protest.
They killed 50,000 people in two days.
So they've given up on protesting.
I asked him, I said, how's your family?
You're talking to him?
He's like, are they going to the street?
He's like, they're too scared to even get out of their apartment.
Is that confirmed?
50,000?
There's no protest going on right now.
They're too scared.
It is 50,000.
It's like, you can't confirm it, right?
Yeah, of course.
But I'm pretty sure.
That's an insane amount of people to kill in a few days.
You know, I mean,
you know, we got animals running the country.
You know, this shit happens.
It's pretty bad.
So what sucks is that they had hope again and then they kind of lost hope again, you know?
That's the worst.
The painful part is if Trump does make a deal with these people
after saying on the back of, like,
stay in the streets in protest, we're coming,
I don't think that's a nice look.
Because people say it in the streets in his name, right?
Yeah, I agree.
I agree.
But I guess it's not his country.
I know.
I'm not saying America shouldn't.
I don't personally think America should get into more wars,
but I'm just saying, like, if you're saying, you know. Yeah, he shouldn America shouldn't. I don't personally think America should get into more wars, but I'm just saying
if you're saying, you know.
Yeah, I shouldn't have said stuff like that.
That's true. That's heartbreaking.
So anyways,
on a lighter note, let's just give money away.
Tyler, you survived
the hour. I'm proud. I made it through.
You know?
You don't feel it well, Tyler.
Got some kind of stomach bug, but we're getting through it.
Surviving.
Surviving.
There is a bug going on right now.
There is a bug.
Alright, um...
So, oh, I'm ready.
Alright, Charlie, let's get it.
Mmm. Oh, I'm ready. All right, Charlie, let's get it.
Who's that?
Bobby S.
Bobby? Bobby S. Bobby S.
Bobby S. Bobby S.
Bobby S.
Bobby S.
You know Bobby S.
You're from Cyraq. Bobby S. You know Bobby Smyrna.
You're from Syrac.
I was deep in the Bobby Smyrna streets a decade ago.
About a week ago.
A week ago.
See, his name is Bobby Smyrna.
See, I knew it.
I knew it.
I knew his name would be Bobby Smyrna, bro.
Come on, man. Come on, man.
Come on, dude.
Bobby.
I fucking knew this.
How about a week ago?
I love it.
Best route.
Yeah, he's a goat, dude.
Bobby Shmurda's the goat.
All right, Shmurda.
You know the rules.
You made $500 already.
And you get
two chances at Lamb Chop. $250
on Yeet.com. Use the code
SOMOHOUR to sign up.
It is the biggest day in Yeet history, so you
may be lucky. Big Daddy's in the
house. It's feeling good.
What up, Coco Jumbo?
All right. What is he saying?
What is he saying?
Bobby, what do you want to do, my friend? Cash. Shut up, Coco Jumbo? All right, what is he saying? What is he saying? Bobby, what do you want to do, my friend?
Cash.
Shut up, buddy.
All right, what do you want to do, Bobby?
Barn run to save the markets.
You basically got to take off for you.
He says one behind the tree, so it's this, right?
It's one, two, three, four, five.
So we've heard this before.
Oops. Two, three, 3, 4, 5. So we've heard this before. Oops.
2, 3, 4.
Got there easy.
We like that.
Bobby Schmurd.
Clean start.
Clean start, Bobby.
Clean start.
Okay.
Go tracks.
I wish someone would just say go
Bon, you know.
Vanessa did last week.
Yeah.
And she, unfortunately,
she was pretty fast.
One, two.
And a track!
That's a clean start.
That is a clean start.
Not a single
attack that you had to fight off.
I think this one's going deep.
We all need this.
No, Bobby!
Bobby, Bobby.
Bobby, you got Big Daddy Mando,
and he's having the biggest day of his life on Yeet.
There's a chance that he gives you more chance.
He's been very generous.
Vanessa, I got you, Bobby.
Look at the prices.
You can get like a hundred Solana here for this.
Bobby.
Bobby. Bobby.
All right, Bobby.
Make a final decision.
I said I'm sorry.
All right.
Well, if that was a burn run.
We're going to riot.
It was.
We all know it was.
It would have been hard to stop at 1130.
Yeah.
All right.
Well, you're up $1,150 right now, Bobby Smurda.
All right, Bobby.
You're up.
650.
Congratulations.
You're up $1,150 in this economy.
That's the whole Ethereum.
Not going to lie.
Tomorrow morning, he'll be able to buy one ETH with that $1,000.
Oh, God.
Too soon.
Or like 50 Sol.
Maybe a punk.
Maybe.
Where are punks these days?
I'm like a sweet check
while he decides
what he wants to do.
Like 50.
$50,000?
Shut up, dude.
Are you serious?
Danny, you gotta work
at McDonald's.
52K.
Not great.
What happened to the punk bats?
It never showed up.
Is that a bust?
I have to say, I was stoked.
Dumbass shit.
Anyways.
All right, Bobby.
Where's Bobby at?
Medium.
Okay.
Okay, so one tile at a time on medium.
There you go.
Just tell us how many tiles.
That way it's easier, but...
Go to 700.
Bobby.
So that's the same thing.
Medium's tough.
Medium's tough.
All right.
Well, Bobby,
congratulations.
You made $1,100 still.
So that's a good run.
I like when they make over a K on the show.
That's pretty good.
Oh, well.
Ladies and gents,
you know what we'll be tomorrow.
10 a.m. Eastern Standard Time.
For another episode.
Peace out.
Peace out. Peace out.んme
ん This is This is This is
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This is
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