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FOMO HOUR: Are we SO back?
Recorded: June 12, 2025 Duration: 0:59:40Space Recording
Short Summary
In a dynamic crypto landscape, Parkourn's launch into the big leagues, Stripe's acquisition of Privy, and GameStop's $1.75 billion fundraising plan highlight significant developments. Meanwhile, regulatory progress on stablecoins and innovative partnerships signal a growing integration of blockchain technology in mainstream finance.
Full Transcription
Thank you. Thank you. You
Yup, yup, yup, perfect it works
Let me get these people on
What up M low what up grip?
Griffin
Griffin What up burn Bernie bottoms?
What a profit what up Camilla? What up Eric? What up Zanzibar? Well, German says John go to up Dobbins. What a brag
STM see fly what up Goku CJ call I keep sir pink. What up lose you what up right now?
What a pop space bar. What up? Heymaker. What a mirror meanie. What up a payoff. What's up everybody? What's up fam?
I want to see some retweets. I want to some gems. I want some love what up bongo bong bongo my poor little Japanese soldier
Wow, I like bongo too much to watch him
You know
Bull post he was ruined so much, you know, I mean sad, but we'll get there bongo. All right, sims
Let's get this show on the road Thank you. Yo, yo, what up?
What up?
Good morning.
Good morning.
It's GMCN.
Thursday.
June 12th.
Ooh, June 12th.
I know it's going out today.
25, look at that.
I got my co-host in the house. Tyler. I'm going to have a beautiful day.
I got my coach in the house.
Tyler.
Tyler, Tyler, Tyler.
Good morning.
How you doing today?
Doing fantastic.
Today is a big, big day.
Parkourn enters the big leagues.
And I've been distracted the last 20 minutes.
Maybe the last hour just watching a wrecked shirt.
I had to clock out.
I'm not watching.
Because every time I refresh it, my bag's higher.
And I got to like, I can't.
You know?
I don't want to.
I can't.
Because I don't want to sense euphoria.
You know?
Yeah.
I don't want to fuck it up for everyone.
Wise.
You know?
Wise choice.
Because like, it was 150 mil this morning here in europe
140 something and then you guys in the chat like oh my god 175 i'm like okay chill okay i gotta
like talk out i gotta someone's someone's clipping someone's clipping i'm sure we're gonna talk about
that so that was show today today we're gonna talk markets i was at last two days so i'm not
sure exactly what you covered you didn't cover but i'm assuming you talk about a whole lot of things.
We'll talk more.
Actually, last two days were crazy.
Just today, it's kind of shit.
Because another World War III is erupting for the 50th time.
I've never seen headlines of escalation in the Middle East before.
It's the first time.
First time.
So we'll talk markets.
We'll talk macro crypto.
We'll talk Tyler's top 100s.
We'll talk memes. We'll talk the news. We'll talk, you know, Tyler's Top 100s. We'll talk memes.
We'll talk the news.
We'll talk all sorts of stuff going on in the space.
We're giving away some money on Yeet.
We'll give away one winner today and keep three for tomorrow, Farquhar Friday.
I wish the listing was tomorrow.
You know what I mean?
Like, they could have left it, but Farquhar Friday, come on, Coinbase.
I'm just kidding.
Love you guys.
Thank you for doing that.
But, you know, Farquhar Friday, we'll have three winners tomorrow.
I'll give the code early today, actually.
The code, raffleball.xyz is Ether.
You know, is it consensus trade, by the way?
I'm kidding.
Ether, E-T-H-E-R.
Ether is the code, raffleball.xyz.
Go to yeet.com.
Sign up using FOMO Hour code.
You have to be on FOMO Hour code.
You have to have a public account, and you have to have placed a bet
if you want to have a chance to win.
We give money away every day, five days a week.
We've given away like 35 Gs already, lads.
So if you want to win some money, come do that.
And last but not least, last but not least, this show is powered by Wallet Connect.
Wallet Connect is a connectivity network shaping the future of on-chain UX. If you've connected to Web3 app, you've seen Wallet Connect. Wallet Connect is a connectivity network shaping the future of on-chain UX.
If you've connected to Web3 app, you've seen Wallet Connect.
That blue logo, it's everywhere.
And I'm going to trust in crypto as recognizable as Visa at checkout.
Want to learn more?
Follow Wallet Connect on X and Telegram to stay ahead of what's next.
But also, I like this one a lot.
Kraken Pro.
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Trade without trade-offs.
And with that, Tyler.
Actually, Timothy, I don't have my little roadie road.
So where's the button?
What's the button?
Yeah, folks, it looks like crypto majors read this morning amidst growing concerns out of the Middle East.
There might be rising escalations between Israel and Iran.
We started selling off last night because of that.
Bitcoin down 2%, 107.3.
ETH down 1.5%, 27.55.
So at 159.
We had PPI print come in this morning.
Yesterday, CPI came in under.
PPI, not surprisingly, also came in slightly under, but not enough to remove markets so far today. So we'll see how that continues to
trend. We had SPX leading all alts on the day, up 8% to $1.66 in a new all-time high. Meanwhile,
Murad is raising his targets to $1 trillion for his target market. So we'll see. He's believing
big, at least.
Hype briefly set an all-time high at $44 before retracing yesterday as well.
Getting into some of the news, the ETH ETFs, folks,
they are absolutely on fire.
$240 million in inflows yesterday.
Highest since February 4th.
Wow.
Four-month high there.
Arguably, the blockbuster news of the day was Stripe acquiring crypto wallet
provider Privy, which will continue operating independently under its new ownership, but of course with a whole lot more firepower and resources.
So that was a major M&A move.
We had CircleSock up 10% yesterday after news that the USDC token would expand to Sam Altman's World Chain.
So the market liked that expansion.
GameStop, GME, they're planning to raise another
$1.75 billion. They haven't come out and directly said it's to buy Bitcoin, but we're starting to
think that might be a part of the use of the funds, though the stock did not like that announcement.
It dropped on the news. The US Senate is moving forward on that stablecoin bill. Meanwhile,
the House is making progress on the market structure bill so we're seeing progress on both of those fronts uh and then we had moody's they
announced they're doing this experiment to bring credit ratings on the solana in a new rwa tokenization
experiment so i thought that was an interesting headline in token airdrop protocol news sonic
announced that season two airdrop is going to arrive on June 18th. I need that. For those Sonic boys.
They also announced some changes to their rewards program.
Plasma, this was some stealth surprise news last night.
They opened up another round of $500 million in deposits
with just one hour notice last night.
Nice.
They filled that in about 30 minutes.
So strong demand for plasma.
Infinex,
era dropped 100 million new patrons to Kaido stakers.
And then Mira announced a Kaido rewards campaign.
So those continue to cook.
And then we saw OneBalance announce a $20 million race
as they continue to build out their OneBalance toolkit
to eliminate chains, bridges, and gas for users.
In AI news, market cap down about 4%.
Not a surprise.
Two pieces of news.
Virtuals launched their latest hot token, Iris.
That's their first AI agent to launch on Ethereum mainnet.
It opened up around 100 million.
I think it dipped since the open.
And then the corporate treasuries are hitting the crypto AI world this week.
So yesterday we announced Synapogenics is doing a $500 million Tau treasury.
And then yesterday, this NASDAQ stock, Interactive Strength, it's a fitness company.
They're going to invest up to $500 million in the FET token to bring AI integration to their fitness products.
So now two major corporate crypto AI treasuries on the books.
So that's a new trend in development from this week.
Rounding this out, in memes and NFTs, meme leaders mostly red.
SPX leading all up 9%.
Fartcoin even ahead of today.
The news, perhaps we buried the lead.
Fartcoin goes live for spot trading on Coinbase today at 12 p.m. Eastern.
So all eyes on that.
Meanwhile, this morning, Rekt hitting a new all-time high, $175 million FTV after OSF said he's going rod mode.
Market liked that news.
Some huge clips into that token.
This Aura meme has effectively been taken over by some kind of cabal.
It went from $1 million to $150 million in two days.
One of the biggest runs we've ever seen.
And then in NFTs, a couple of headlines.
Gandhi has reached 55% market share for all NFT lending.
And then Pudgy Penguins, big partnership.
Now it's a new partner with NASCAR.
So Pudgy's and NASCAR as they continue to proliferate the brand.
Wow.
That is a lot, Tyler, happening at this, at this time. Where do we even
start? I mean, we could start, I guess, with the, with macro and, and price. I mean, we,
I mean, the market was hot and it's as if like every time we're all time high near all time high,
we're all-time high near all-time high someone's got to do something to slow us down they
don't want us to break out of the all-time high range they want to see ethereum higher than 2800
they don't want it all season you know it's it's almost as if iran and israel actually it's kind of
both with each other um saw ethereum have a huge run and almost become consensus trade.
And then say, yo, we're going to drop the bomb.
You know, it's every time the same thing.
Where are we at right now?
What do we think?
I think, again, even if there's escalation, I don't see why the market should be insane.
But I get what is shaky, right?
Yeah, this is a trickier one.
It does feel a little bit more real right now than perhaps it did in prior months.
I think Polymark has got it up at 54% chance of an Israel attack on Iran before July.
54% chance of an Israel attack
on Iran before
July.
At the same time, I mean, there
were some skirmishes between these two
several months
back, right? And I don't think it had
significant
impacts on markets. So
perhaps we'll just shake this one off
after the dust settles the next few days.
I mean, certainly people are watching it pretty
closely. I think what's people are watching it pretty closely.
I think what's jumping out to me about Bitcoin is like,
is this the hard road to get past 110K?
Like 110K has been a very tough level to break.
I keep thinking about this Kobe tweet.
Yeah.
It's literally rent-free in my head.
The hard road, 80 to, what is it?
80 to 100 and the hard road, the easy road, 250.
But maybe it was 110.
I don't know.
Yeah, he came back and revised it too.
So the original tweet from John Brown said 110.
Ah, okay.
So we have to get past 110.
And it's looking like a formidable barrier.
At the same time, I felt like we were making so much progress.
It felt like we were starting to feel some euphoria like the weekly numbers bitcoin's
up three percent it is up seven percent like that's not even like for how much joy i felt like
we felt on the timeline this week these aren't that big of moves and mean, we've seen daily candles in the 20% range,
right?
So that's why I'm so bullish.
Yeah.
Like we haven't seen shit yet.
You feel me?
Like,
you'll know,
remember the Bitcoin candles,
like the biggest daily candle history of Bitcoin,
like not long ago,
like late last year or some shit.
Like when we jumped like eight,
10 K in a day,
like we haven't seen any of this.
Actually, we've seen it on Bitcoin only.
We saw it on Solana when Trump dropped.
We haven't seen shit yet.
The lovely summer of risk.
It's the summer
of risk.
Anyways,
we haven't seen any big candles
really.
I still think they're coming.
I just have this lingering feeling that they're coming.
Maybe this is the last shakeout.
The last shakeout.
It's a fakeout, you know?
Let's look at hyperliquid, though.
Man, oh, man.
It's just up only.
And it looks like it's clear skies.
Man, oh, man man what a chart from from that bottom here what a fuck it's like hyper liquid give everyone the chance
to enter it again at the price it kind of opened that after the points thing it's up 351% since or more yeah about that
very easy to get 3x
let's say you didn't catch
the wick under 10 because that was not the easiest
it was very viable
in the 13 range
even more in like the 20
so everyone's had a chance
to enter this
oh yeah
it said 20 for a while too definitely had a chance and with size hyper
liquids are all those coins they can trade with uh with pretty big size in general all right what
else you got i mean the top mover on the day was i think it's coming back down now well spx
we talked about a bit yesterday we don't need to go super deep into it, but it's at $1.70.
And it's green on the day where Bitcoin is down 2%.
There's all these concerns about
Middle East crises.
Typically, that type of volatility
crushes memes, right?
And we're seeing it in the rest of the meme board.
Doge is down 6%,
which is having a terrible cycle. You said
that a few other days.
Doge is just not it right now.
It's doing nothing. Pepe is down
6%. All the meme leaders are broadly
down 5%, and SPX is back
up to all-time high.
It's continuing
this parabolic move. I don't know where it's going to go
from here, but it's caught people's attention. You know where it's continuing this pair of move. I don't know where it's going to go from here, but it's,
it's caught people's attention.
You know,
where it's going.
One trillion dollars.
That's right.
Yeah.
Trillion dollar coin.
Next,
next,
next key level is six 90.
I said,
I said that on this show.
So we'll,
we'll be looking at it like that.
You know, Tyler's looking at it like, meow, meow, whoop.
What if we handle down from here and just paint the handle at all-time highs?
That's the dip you want to buy right there.
Meow.
Like, bang.
Anyways, I'm about to draw you.
I mean, SPX is really
impressive, I'm not going to lie. But we've been talking about it
a lot, and rightfully so, because
it is the top meme
gainer in general, right?
Of the leaderboard, if we want to go downstream,
the top leader is likely
wrecked.
Whoa!
Look at the seven days.
Seven day at 50% move.
Wow. Outpacing Farcoin.
How about that? And SBX. Wow.
Yeah. It really is.
I gotta take a screenshot of this. It's the top mover.
Holy shit. Hold on.
On the week.
Sorry, I gotta take a screenshot
it's worth it
year to date
most different
you got a 7 day I think is good
wait wait first
it's the number one mover across the top
1000 tokens in all crypto
huge
that's insane and the thing is like this hasn't even been like a
big news week like we had the shipwreck sell out last week any news um the news that we know about
is osf going maraud mode so he's like i can sense it in him and of course we're closer to him by the
way that is hilarious.
Yeah.
Also look at that cup and handle breakout.
It's perfect.
It's one of our favorite patterns actually resolved.
You truly love to see it.
I think a lot of our hardcore listeners know OSF well, right?
Those who may not and are more casually following him,
I've noticed a change.
I think he's more dialed in now than ever.
And I think he's being louder on the timeline.
It really feels like big, big things are coming.
And this morning, this is public.
This is all on the blockchain.
We saw a $200,000 single clip into the token
and we saw a $250,000 single clip.
So these aren't DCAs.
These are just boom, just straight market buys in huge size.
Any news?
Oh, hi.
Any news?
We were going to ask you.
Any news?
Any news?
Any news?
Someone out there, please?
So, can I say what I said in the
FOMO chat, or am I going to get destroyed by communities here?
Sorry, I don't know what you said.
What did you say?
I'm coming in late.
Tyler knows.
Sorry, I'm very busy morning for me.
Tyler knows.
You say a lot of things in the chat that could get you destroyed,
so I'm a little bit worried about where you might be going with this.
So aside from ETH being consensus trade, I think that – I'm kidding.
I think – that's a joke.
That's a joke.
But, no, generally speaking, I don't see how Rekt can't pull a move similar to SPX here for the reason.
And I laid it out.
So I'm not trying to PVP token.
So I want to, it's more PVP.
I want to put my thesis out there here.
Cause I also want to put it in on the record because you know,
I can cloud farm when it's at a billion, but it also full disclosure.
I am a top 25 holder probably a wreck.
So it's, it's a good day to have a good day.
It's become my second biggest position in crypto actually as this morning which is pretty wild knock on wood and so and scratch
my ass and there ain't anything to do but anyways it's just like it's you know there's good you know
supply control in the tokenomics now it's been built you know there's a mega marketing wallet
there's great you know there's a product being built you know there's somewhat of a cult around wrecked and ovi let's be honest ovi's built
building his brand as a personal brand for four years we hosted a thousand episodes of this show
together mandovi and i for the first what two and a half three years until tyler came in
wreck guy has always been sort of a cult it's also filled with the most redacted holders in crypto that have seen the most insane drawdowns at all times.
I mean, REC was down 95% on the last drawdown.
Forget REC guy.
REC guy also has had its own drawdowns in the NFT and people still held.
I mean, I minted like 15 REC guys.
I haven't never sold one, right?
Which technically is stupid.
You think about it, but no no it's not because i got
my rec coins and actually the equity and everything right so i don't see why talking like
rect when i look at the success of spx and why it's so successful it's like mirad supply control
it's working the whole memetics of it has been mastered it's well done right the content the
thought process believe in something, the taglines.
And Rekt is similar, but for Brent, right? Except that they have four years behind them.
And they've got this new meta of revenue generating utility token, which they have with Rekt drinks.
They've sold 630,000 cans this year alone on pace to equal or beat the Red
Bull first year of can sales, which was a million, by the way, they're going to beat it for sure.
There's only 47% left of that. And there's barely, and there's a ton of months left in the year,
right? We're halfway through the year. So I don't see why we, in the flywheel thing, I don't see
why it can't pull a similar move. It's like, look at a move like this yeah shoot sure expect to draw down okay finally does it go back to 150 maybe
but you're not going to see it like 50 million dollars now maybe in the bear market blah blah
heavy sell pressure people take profit maybe but like i don't see why reg can't become one of those
tokens and by the way and i'm curious your thoughts on it by the way, and I'm curious for your thoughts on this, by the way, my last thought is,
all this talk about ICM and internet capital markets
and stuff like that,
which 99% of it is a fucking scam
to sell your bags to us.
A lot of it is real.
Like, the launch point is great.
But this is ICM.
Like,
rec guy and the rec fly was
internet capital markets,
pure and simple.
It's an internet
Web3 born brand, a crypto native
company that literally
minted for free, gave equity
to its holders, launched a coin,
is selling drinks, and now
created flywheel around it. This is, in
my opinion, alongside
Pudgy Penguins and Pengu, the purest
form of ICM in crypto.
Curious to hear your thoughts on this thesis
um look obviously i i can't i can't shit like that but i do think that um yeah if you're looking
for maybe what i think the future of crypto is to a certain extent like i think there's certain certain things will be a um will be
forms of exchange as a coin or a store of store of um value which is things like bitcoin and maybe
some of the l1s but if you're looking for how app coins can work or how let's say this internet
capital market coins would work this is kind of kind of how I would hope that most of these go down the road.
I think, although I don't agree,
to get the incentives right for everyone
is always where it kind of falls down.
We know what we need to do,
but then people just don't act how they need to.
With NFTs, we raise the money up front often,
and then that led to kind of a bit of a downfall at the end because like people would raise on these huge ideas.
And then like the delivery was never really quite there and it would fail.
ICM is kind of a similar sort of route where like often it's bundled supply at the start.
And then they get their bags straight up and then they can just exit.
How RecGuy formed, remember,
RecGuy was like a thank
you slash apology for DJs back in
the day, right? And part of Obi's
artwork. But we did it
for free.
And everything since it has been free, and everything
that we've made from it has been tied
to either royalties
some form of shared flywheel.
And I think they can be creative.
It takes sometimes a while to create with the people
with the right sort of incentives to make it happen.
I think with the new regulations going in,
you're going to see better versions of this.
But yeah, I do think that that rep is one of the few
who kind of have it going on.
And for that reason,
like I think it can trade probably at a pretty high premium versus a lot of
things because it's one of the few where you can actually be like, right,
well this flywheel actually works. Hyperliquid's another one, right?
Hyperliquid's done very well with that sort of flywheel model.
And they, you know,
they're spending a hundred percent of their fees on buybacks.
And they are a Web3 native team,
which seems to have gotten it.
I'm trying to, like,
some of the DeFi protocols are kind of going down that route.
And you can see that some of those coins
are actually reacting pretty well,
more recently at least,
or at least going down that flywheel route.
It's a bit more PVP in that world.
Like, everyone's going after each other,
which has meant that it's masked the big change in defy coins that has happened over the last 12 months
which is a lot of those coins gone from governance coins they're actually being good coins but they're
just fighting each other as hard as in a race to the bottom really of like lowest fees and the
biggest buyback but there will be a point in time where people think about that for defy i think
yeah and then for these sort of other app style coins like let's say web 3 native brands the biggest buyback, but there will be a point in time where people think about that for DeFi, I think. Yeah.
And then for these sort of other app style coins,
like let's say Web3 and native brands,
I think it's possible.
I really do think it's possible.
We haven't seen it from any of the other major NFT projects.
Pengu,
I don't know.
Do they have a buyback?
Not yet.
I think that's essentially big.
I think that's one of the big things he's got maybe in his pocket for Q4.
Right.
So I think what Pengu has really gone on is like memetics, right?
They've spent a lot of money marketing memetics and really driven that.
They've gone mainstream with that.
I think Rekt is still more of a web-related mean. Yeah, of course.
It's very niche.
We've done the flywheel slightly earlier, but I think it's actually a new business model
in what I say
You saw how we bought the RECs back at a low level
And we have all this RECs in the treasury
That then becomes a marketing budget
It's like a $70 million wallet now, bro
Right
And it's not just like, oh, that's bad for the token
The vast majority of the token holders also have an equity in the company.
So then you have this, like,
there's a flywheel on two ways there.
Like, if you're not winning on the token,
let's say, like, oh, yeah, we need to,
some of it's used for marketing
and gets a little bit of supply distribution.
That's because we're selling more drinks.
And, like, we saw an unlock happened last week, right?
And, you know, there was this,
we're reacting to that being closed.
But that's like a double winner, I think.
So companies that also managed to give equity to their token holders
mean that they'll benefit even if there's like added supply almost.
This is kind of the issue with NFTs, right?
Like, oh, if all the yugo labs holders have owned more
an equity in yugo labs supply increases of the nfts or tokens wouldn't have necessarily mattered
as much if they then shared in the upside of the revenue of the business so i actually think them
both going um hand in hand is quite important for like long-term value that if it's just token
then you can argue it can also break down over a really long term but like
with his token and equity it's really tough for it to like break down basically yeah
i agree i just want to answer to one of the pushback which is very fair it's like
can't compare to red bull you know, people bought Red Bull's energy drink.
I just want to say,
I'm not comparing Red Bull to Red Bull.
The only comparison I'm saying
is because Ovi talks about this often,
is that Red Bull in the first year
sold a million cans.
And Ovi's goal,
because he talks about this,
is to sell one million cans.
You see that he even draws it a lot.
And he's 63% of the way there.
So I agree.
The Red Bull-Rect comparison, I don't compare Rekt as a drink to Red Bull.
It's also different audiences, different way.
People do buy the Rekt cans as a way to farm tokens and airdrops and get points, etc.
This is true.
It's all valid.
But it's just the way he's marketing it is smart, right?
Just like when Murat says, believe in something, we're going to a trillion dollars.
It's very similar.
Like marketing strategies works out.
The difference is with these cans, like cans like yeah you get all these photos
which sometimes it is silly and funny but it's like it's a meme like someone received like 17,000
cans of rec at home but people have been giving them out they don't keep them they give them out
in a way like it's actually marketing and and i think and i think this is um it's uh it's it's
very smart and so for a company that starts extremely niche in a very
hard environment look back at the interview i did with ovi friday last week when the boys were off
it was just ovi and i we talked about this i was like this industry like the drink industry you
can't just tap into it and just win like it's tough dude right you're not we're not the nelf
boys with the happy dad where we can just go and fucking make 200 million dollars like we're not
prime we're not logan paul here we're just fucking djans here talking to you in the audience of like a thousand
people a day you know i mean like and it's still making it work at that level but yeah
concisely i think what makes it unique and it is a unicorn it's a pioneer in this new brand coin
sector is it's got the business and in the share, which is a huge hot button topic in
crypto Twitter right now. And it's a successful business. He's selling these cans and it's great,
but it also has the cult and Marad's out pushing as a cult coins is the next big thing, right?
It's the whole thesis behind SBX to a trillion. And I've met these rec holders. It's primarily who I hung out with down in Miami.
Yeah, you did.
And these guys love Ovi.
They love the brand.
They're along for the ride.
They're not clipping out.
They're not clipping out into every 10% pump.
I can tell you that.
I'm not looking at 10% pump, bro.
That was saying yesterday, man.
My bag was down 92% like a couple months ago.
You think I'm going to sell like 10% above all time high like you know i mean like and i have
like trillions of that token like it's just like it's nothing you don't like you know i mean it's
just and and and it's it's it is like actually sometimes i feel like they love will be a little
too much i'm gonna lie like they would probably like sleep with him if he let them i think ovi
would let don't worry guys ovi would let you guys sleep with him at a billion.
I've realized this from the rec shows over the years. What?
Have you not noticed this from the rec shows
over the years? He's like good for the first half an hour
and then you'll find him like crying
in a corner about an hour in.
I think he gets like
it's been a lot the last few years
he prefers the smaller events.
Yeah.
He hides.
He comes to the R house and he hides.
Oh, for sure.
He definitely hides in a corner.
Anyways, in other news,
Farcourt is getting listed on Coinbase today.
Tyler, we got, I mean,
we got to talk about it. I'm sorry, y'all. We're got to talk about I'm sorry y'all
I'm gonna we're gonna talk about Farcoin today again
Don't worry we went around the hall
And gave our price predictions
For SPX yesterday for Tyler
Oh that's perfect
Okay perfect so we're talking about SPX
Again today man though so we're not gonna go over it
Again but
Tyler let's talk about
Are we gonna talk about ETH performing
Are we gonna talk about my call outperforming. Are we going to talk about
my call being 100% right
or not yet?
What are we talking about here?
I didn't watch yesterday. I should have.
I didn't watch. I said I'd be talking about ETH outperforming.
Is it outperforming?
It looks like it's underperforming
on the day. Don't give me that.
It's underperforming Bitcoin in the 24-hour.
Everybody has ETH. Tyler'shour. Everybody has ETH.
Tyler's pool.
Everybody owns ETH.
A super majority of our timeline owns ETH.
Everybody's an ETH holder.
Let's see.
It's a much-hated rally.
You can feel it.
Honestly, you know what it is, though?
I was talking about this when I opened the show earlier.
It was so funny.
ETH was about to break that 2800 and Iran was like nope fuck you you know sorry I'm trying to make it work okay it's hard it's not like Israel's
listening either so I'm on the phone all day that's why I missed the show yesterday I'm
I got Donnie I got you know Benjamin like on every one of y'all call left to right I'm trying to
you know trying to make it work.
Anyways, all jokes aside, Fartcoin is looking for your thing.
But anyways, Fartcoin, it's looking good.
Back at 1.37, just bounced on this show.
Love to see that from 1.32.
What's our prediction here?
And I'm curious to ask you both a question.
We're seeing a slight baby pullback on the market on the back of like macro news.
Right.
I kind of like fart coin being listed in this environment right now where
it's not just up only.
Cause usually listings like that can be toppy.
I don't think this is the case here.
This time is different.
What do you think?
I feel like we're going to see a bit of a pop on the listing.
And then I feel like we're probably going to see a bit of a pop on the listing. And then I feel like we're probably
going to do some kind of a sideways consolidation chop for a bit. I don't think we're going to go
straight to five by any means in like a 10 day period right now on this listing. But I do think
the Coinbase listing gives us the foundation for a Parababolic move like that sometime in the future.
And I don't know what the catalyst will be.
I think we probably need, probably going to want to see Bitcoin go over to break 110 for
that to happen.
But we've opened the door to a whole lot of new holders.
And I think it's going to take time for them to really pile it and accumulate.
His name is Dip Wheeler.
What do you think, Mando?
I think this is very bullish.
I mean, it depends.
We saw mixed bag of Coinbase listings before.
This will do very well.
Other than do so well well I imagine this does well
I think it will do well
This is good
This is nice
I'll repeat what I've said before in the past
I like buying coins
When
Not fewer people will buy them
But like
Before listings rather than afterwards
so I would say this is bullish
but I wouldn't say this is like
the most bullish thing that's happened to Farcon
do you know what I mean
I feel like this is just this means that it won't go that much
lower but I wouldn't say this is like the thing that makes it go
to like a 3 or 4x
you know we just saw with
Aura for example like that's something that really
when it comes out of nowhere and nobody
owns it and then it goes, it feels like
Farcoin is kind of owned,
but this will mean that it will
do well. I think it could pump
maybe like 20-30%, kind of go back
up to the highs it was yesterday.
But this is just, I mean,
it should have been a while ago, in my opinion.
This is just, it's been a bit ridiculous but it hasn't been this again
it'll be if
we see like the trad five folks
start to chat
I feel like that's kind of slowed down a little bit
trad five
I mean fart coin is like the coin everyone talks about
no I remember like they'd always joke like oh fart coin
oh yeah oh I see what you mean I think it meant they were going to go up and buy it I remember when we had like the coin everyone talks about. No, I remember like they'd always like joke, Oh, Farcoin. Oh yeah.
I see what you mean.
All right.
I think it meant they were going to go and buy it.
Maybe they would.
Yeah,
maybe.
I think,
I think this is the big test.
It's like,
for me,
Farcoin is a great product for Western buyers of crypto.
Right.
That's why I think Robinhood and Coinbase McMorris and Farcoin than like
Binance,
for example.
Right.
Because in the West,
it's a joke, right? Like you see
Kitty Beer tweeting about it in a funny way.
It's like, actually, Whiff
was that when it ran up.
My Bloomberg, my friends working on
Trading Desk were laughing because on Bloomberg Terminal
it would talk about dog Whiff had going
like 3 billion. So they used to joke about that.
And so Farquhar's kind of like
replaced it in that sense.
You'll see it on Bloomberg.
It's called FARC. It's so stupid.
Everybody smiles at it. But we'll see.
Obviously, I've already laid out why I'm bullish on it like a million
times. I'm going to dip over it again.
But yeah.
Big day. What time?
Let me check again.
80 minutes.
No way. What are your predictions?
You're a bag holder.
I can't make a prediction.
I said 160.
We hit that.
Then two.
Then price discovery.
So I will remain.
I stand by my first call that I made a few weeks ago.
I think I made that one to Toronto.
It was telegraphed like so far all my
Levels on Farcone hit I didn't expect that pullback from 160 to 800 mil like that 50% drawback
Definitely. I was expecting to be smelling pullbacks like 120s
Maybe one definitely not 800 mil. I was insane
Um, so I but it was I hold right but um But I still have all my bag.
I've had the same bag for a while.
So I'm nowhere near my keys.
Anyways, I think that sell-off was really important.
I think it shook a lot of folks out.
Totally had to reset leverage.
Holders went up though during that shake-off.
Yeah, every day.
So you got to be careful with these
because there's people with big bags
that play games sometimes um and there's coinbase has to have enough four coin to list as well
so i wouldn't be surprised if it had a t-wop around that 800 one dollar level uh i do think
that if we blast anyways what you want to look at my call is like if you want to look at that 160
region you blast through that then you're gonna hit, right? You, so that's all I want.
And at the end of the day, we're going to $10.
So it'll be nice.
It'll be nice.
I noticed Tyler, are you, how many office rooms do you have in your house?
This is my other office.
Unfortunately, the wifi has not been consistent.
The main office.
This is like office number five for Tyler. So i had to do a little last minute move today this one's a little more
feminine if i'm going to be down here full time i'm going to have to do a little bit of a
of a change you gotta get those like extending whatever yeah 10 bed meme coin mansion yeah
exactly it's got that but who wants to live in tyler's mansion guys we're giving away one spot by the end of the year uh to a lucky listener anyways what else do we have to
talk about we talked a lot about we went out the risk curve let's let's real let's real let's go
back um the the biggest headline of the day was stripe they announced their acquisition of privy
uh so privy if you don't know like they power embedded crypto wallets for apps like OpenSea, Zora, Hyperliquid.
They've got, they support 75 million wallets across a thousand developer teams, billions of transactions.
So they're huge. We don't know the details financially of the acquisition, though Privy was last valued at 230 million in March of 2025.
So probably around that ballpark at least.
Again, for those unfamiliar, Privy allows developers to spin up secure user-friendly wallets directly in app.
They're enabling now Stripe to really go deeper into crypto infra.
And it looks like that Stripe is kind of building out this full stack
end-to-end crypto onboarding
service. They've already got the fiat to crypto
ramps. They've got stable
coin support and now they've got the wallet
creation here with Privy.
So like Stripe is betting
big on crypto
here and it looks like they're going to be
a big player in the space to come
and now potential impact is it puts pressure on some of the other big payments players.
PayPal, Visa, what are they going to do?
I think this opens up.
We talked about the door being open for crypto IPOs after Circle.
Clearly the M&A Circle is wide open now as well.
circle.
Biz is wide open now
as well.
So we'll see who else perhaps gets
acquired in the days and months
to come. But huge announcement.
Big day for all the
Privy workers who've been grinding
over the last few years.
I mean, Privy is
arguably top five
most important companies that have come out of crypto
in my opinion.
And I don't even know if that's a hot take.
They've enabled so much for us as an industry.
I mean,
abstract is all of it is Privy.
We use Privy too.
Everyone I talked to was like,
we use Privy on our platform as well.
Privy guys are great.
We use them for a number of different things.
Yeah, exactly. Very personable. Yeah. on our platform as well. Privy guy's a great reason for a number of different things.
Very personable.
Yeah,
I'm very unsurprised they go bull.
Let me put it that way.
I'm by Stripe too?
Does that mean that every Shopify client cannot use Privy?
There's so much going on.
You're talking about adoption.
Man, I'm so bullish.
Oh my God.
We're so early.
So early.
Oh my God.
It's such a funny tale of two cities where crypto Twitter,
you've got the people who say we're in the cycle,
the end game for crypto.
But whereas at the same time,
you can make a very strong argument that we're at the very beginning stages of the the big player adoption we haven't even had like
that visa buying a punk moment yet like i i don't know dude i'm so bullish guys fuck it's hurting
oh my gut hurts from how bullish I am. I, um,
we're so early. Wow.
I'm getting flashbacks of 2021 in a good and a bad, like meaning
early June 21,
like we were fucking rolling
around balling, but it kept
going for like three months. Like, yeah,
we got a dip midsummer and then we ran back
September, October, November, and then we double top.
But like, we have time. Genuinely think.
Genuinely think that. Anyways anyways any other big news any news any news yeah so i think this crypto ai treasury trend is an interesting one so yesterday synaptogenics did 500 million
tau but i think today's is actually more interesting so interactive strength is committing up to 500
million dollars to build a crypto treasury around Fetch AI's FET tokens.
If you aren't familiar with FET, it's not like the AI agent downstream, like virtuals.
It's a bigger player in crypto AI.
It's valued at $1.8 billion market cap.
So it is certainly a larger token.
They're a decentralized network.
They enable autonomous AI agents that can make
decisions on behalf of users and businesses. What Interactive Strength is doing, so they've got the
corporate treasury component, but I think what makes this more interesting here is they're
planning to use Fetch AI's autonomous agents to power their new fitness app features. So
personalized networks, real-time coaching, smart equipment,
and then also tie in the token to some of these use cases.
So I don't think we've quite seen that yet specifically from these corporate treasures.
I think so far we've seen the companies who just want to buy, stockpile.
It's just assets on the balance sheet.
Here's a company that's looking to do that, but also
incorporate it into their business model. So I thought that was an interesting
one. And I'm curious if we'll see more. I mean, that's now a billion in the
crypto AI in just the last two days. So
example that we've seen the last of it.
He has a lot going on in the AI board.
How's the AI board doing?
Virtuals continues to do very well.
They had their new launch today, Iris.
They're killing it.
The Ethereum Foundation shared it.
Hallelujah.
Interestingly, once again,
I think there's more folks talking about the price action
and the multiple for the Virgin presale than they are talking about the capabilities of the iris ai
agent so i think that is a concern so anyone who's buying in here just understand like why
are you buying the iris agent at 63 million um as i understand it i think it does like uh
security like audit type work.
Let me see if I can find it.
Twitter doesn't even have a description of what it is.
I'll try to get to the website.
It has been officially adopted by
Virtuals, which I think is important.
It was also the first agent they launched on
Ethereum mainnet, which is big.
Yeah, I'm
looking at their...
It's very unclear to me what this product is.
Their website says it's the number one AI agent directory.
And I'm seeing AI agents for sales dev, content marketing.
So perhaps they're trying to sell AI agent workers.
It's an interesting concept.
I know there's some big players in Web2
who are going after this.
I don't know if Iris is going to be able to pull this off.
It looks like they're trying to sell,
like for $2,000 a month,
you can buy this sales development representative AI.
And I guess he'll do your biz dev for you.
I don't know
how much demand there is for that
in June of 2025. I think there will be
strong demand for that when the tech is better
6, 12, 24 months.
So I don't know what that means for
Iris and if they're actually going to be the leader in that field.
That field is interesting.
Other than that, it was a red day
on the AI board overall.
Just kind of in line with the broader market, except Tibber.
Tibber continues to grind up.
No, bro.
Fucking Tibber, man.
I don't want to get into Tibber today.
I've been spitching my bags too much on this shit.
I've seen it since so early and I just keep waiting because I have so many bags, you know
Fuck just pull up the chart to make yourself feel a little worse shut up. I just did
Fuck
Here let me show the chat
So I was just this from where I saw it
let me just delete that
so I just grinded up and then it
consolidated 100 million for 18 days
and now it's breaking out
alright that's it Tyler enough for you guys
we've talked too much token talk
the other one I quickly want to talk about was Moody's
this is a fun story.
It's not a huge deal just yet.
It's just an experiment.
But they're pilot testing embedding municipal bond ratings directly on Solana.
They're partnering with Alpha Ledger to do this.
They're running this simulated experiment where they're attaching credit ratings on-chain to this API integration.
The idea here, the proof of concept,
is that it would show how credit ratings data,
which has traditionally been locked behind terminals,
become more transparent, more immutable,
and instantly available,
and how it can be more real-time
based on the Solana capabilities.
So an interesting experiment.
Again, notable that they chose to do it on Solana,
likely tied to speed. Solana, likely tied to Speed.
Solana, baby, I'm telling you, we're going to get this mega pump on both Solana and ETH.
I'm convinced, this is my, I'm just convinced because both of them are just going to do great.
There's so much momentum.
The DeFi news last week on 6ix9ine were great.
Both of them have their own things going on for themselves.
It's just going good.
And we need Sol and ETH to do good, actually, I think, for broader altcoin run in general. Because there's a lot of money tied to both ecosystems.
Obviously, ETH has way more TVL in that sense.
But I think we need that.
Another coin, quickly, like I've seen a lot in Taiwan, I keep seeing AI, is VVV.
I've seen a lot of people start shilling Venice token again.
Did you guys notice that? No? A bit of it, not aV. I see a lot of people start shilling Venice token again. Did you guys notice that?
No? A bit of it.
Not a ton. I don't know.
I've seen quite a bit.
Apparently, a lot of people are shaking out.
Typical chart.
I have nothing. I'm not buying anything. I have my four coins.
Pretty much done.
Happy to miss everything else.
But it's looking good.
I'm not going to lie. I should have moved some Pepe to, like, SPX early on.
Oh, well.
Oh, well.
Mando, anything else before we go into Yeet?
Yeet.
Not that I've seen.
Yeah.
I think we covered.
I think we did a good job covering.
Did you see the results of my poll, Mando?
Whatever you say, you're not going to try and convince me that ETH is a consensus trade.
There's a 0% chance you're going to be able to convince me that.
Zero.
People might own it.
That's fine.
Because everyone, I think, owns a little bit of ETH.
There is no way that you're trying to tell me that's a consensus trade versus hype or Bitcoin or Farcoin.
I mean, it is more consensus than Farcoin.
I don't think so.
I think Farcoin is the most consensus Bitcoin out there.
Memecoin, I wouldn't say because SPX is up there now.
But yeah, you're right in terms of memecoins.
I don't know. TheX is up there now. But yeah, you're right. In terms of meme coins. I don't know.
The people voted.
And Bitcoin.
Actually, though, the good comment was from Doug was that the options make sense.
But anyone who voted anything other than Bitcoin is out of their minds.
And I agree with that.
Like Bitcoin is arguably the more consensus raised because you got everything going on
through it.
So I'm curious to see what...
But I guess to Mando's point Everyone is pretty much universally
Bullish on it, but it doesn't mean that they own it
Yeah, it's different, of course
Like universally everyone's saying
ETH to 4K, Farpoint to 10
And hype to
Who is like ETH to 4K?
We must have a different time
I swear to god, all my mama
Everyone I follow
Like yesterday, now Kayleeo's on board now.
I was going to send you that.
Kaleo speaks about literally every single chart and is bullish on every single fucking chart.
I don't know who, like, you're posting the people that post on literally every single chart of crypto and say, hey, I'm bullish.
No, but like, you know, me.
ETH goes to four or five k
versus solana to 300 or hype to 100 or fart coin to four
i think eeth is the one that people will be least happy about
over those four and there's like no chance you can convince me otherwise
hype at 100, timeline is
euphoric. Barcoin at 4,
timeline is euphoric.
Solana at 300, timeline is euphoric.
ETH at 4 or 5k, I don't think the timeline is euphoric
at all. I think they are.
Maybe I... We must have
a different algorithm.
I don't think we have a different algorithm.
I...
I think you're listening to me.
You're like, oh, everyone's bullish.
No, I swear to God, I promise you, I'll take screenshots.
My timeline is super bullish.
I'm super bullish.
I don't want any E's, but I have the betas.
So I voted no to Tyler's thing.
So anyways, how is our crypto punk Bitcoin ratio going?
It's going well.
Okay.
720K for a punk.
But punks are a little quiet now.
It's way more quiet since the acquisition, but it's just punks are just punking, right?
I feel like the whole eco is waiting on ETH to make a move because we've been kind of like stuck here, right?
At that 2800 mark.
Let's see that now.
The code is Ether. E-T-H- The code is ether ether I'm giving us one more minute
ETHER raffle bar dot xyz
ETHER is the there you go. The code today is ether
Um on the show if you want to come make some money
What's ethereum at speaking of which just quickly want to check in and then we'll pick a winner seems um
Okay, 2760.
Yeah.
I can't wait for it to be at the 4K.
That is going to get really,
really loud, yo.
Just quick on ETH.
I said in the report, but
240 million in inflows yesterday.
It must have been like right at the gun.
Before the IRS,
ETH ran to 2875
yesterday morning.
18-day inflow in streak now.
I am curious if it breaks today on the back of this.
But if that level continues.
Why was I so exposed to the Middle East?
And it's so stupid.
It's so stupid sells off for it's like middle
east and elon versus trump i agree oh my god that is the best thing you said to me i like
fuck them like i'm so tired of like the whole like stocks are green stocks are green here
stocks are green here. Stocks are green.
It's one of the most random things that I've seen.
Crypto seems to be war, like really reacts to war. Every time.
Other markets don't really.
They just shrug it off.
Every time.
Everyone's like, yo, Israel has decided they're going to strike this shit.
Oh, the Bahrainis are leaving their country.
Oh, the Bahrainis are leaving their country.
Oh, let's dump our fucking fart coin.
It is.
It's like, who is that person?
Who is that person sitting there going, like, fart coin?
I'm too exposed here for the middle of the question.
China and America are about to become friends.
China and America is becoming friends again after God knows how long.
But you know what?
My meme coin bag and my pepe is exposed to Iran potentially opening a new nuclear plant.
You know?
Oh, my God.
That won't stop the hyperliquid buybacks, though.
Exactly, though.
You're right.
All right.
Let's pick someone.
Let's pick someone.
So while we're changing things over for next week,
for a thing that we can't speak about,
the picker currently isn't doing the four-week lockout.
Muskie won on the 13th, so we need to go again because he's won within the month.
And we said we'd do it four-week lockout on each.
Run it again. Sorry, Muskie.
Oh, shit. Wow.
I'm tracking it in real life on purpose.
The tracker would normally do this,
but it's not working at the moment.
All right. The tracker would normally do this, but it's not working at the moment.
Harry's clear.
All right, the homie.
Here every day.
One of the first people in the space.
What's going on?
It's bugging. It's bugging.
It's bugging.
I can't share my screen.
Yo, yo, yo.
Cut your screen.
Sims.
Sims, cut your screen.
Okay, sorry.
My whole shape broke.
I can't share my screen.
One second.
Oh, sorry.
Don't do this to Harry.
We can't do this to Harry. We can't do this to Harry.
I'm excited for this one.
What?
What is going on here?
Sorry, guys.
Sorry, guys. Sorry.
Everything just broke at the end of the show for me.
Okay, we're good.
Okay.
I'm here.
Is Harry Krishna in the space?
Hold on.
My phone is over there.
Come on, Harry.
Tell us you're still here.
I got to roll. I'm sorry, guys. us you're still here. I got to roll him.
Sorry, guys.
Oh, I see Harry.
Let me bring him on.
All right.
Harry's on.
All right.
All right.
Oh, we got some money in the account today.
Woo!
We're cashed up, baby.
Liquid.
Liquid, bro.
What's up, Harry?
Oh, I don't think he can hear me.
Make sure he's on.
He is on.
Yeah, my mic was off.
My mic was off.
Let's go.
All right, Harry.
Are you watching the video or are you audio?
Audio.
All right, all right.
We'll play some.
What do we do for him, Tyler?
What do you want to do?
He's audio.
Harry, do you have a game you like?
Just yeah, you go ahead. I'm fine with everything we could do Planko for
We we need more balls hundred hundred five dollar balls
Okay
$50 balls or $500
balls? I kind of like the
$100 because you got more chances to get the $1,000
okay so we'll go turbo mode
we'll go $5
balls, how do I did $100
auto bet right Sims?
that's right
like this, $5, $16, $100
alright, you ready?
alright, come on, big money, big money here we go, left and right go left and right It's 560. All right, ready?
Big money, big money.
Here we go. Left and right. Go left and right.
Let's go. Let's go. Let's go. Let's go.
Come on. Left and right. Left.
It's like making a little song for me.
A couple 4X's. A couple 4X's coming in.
I have no idea how much he's up or down, but we'll figure it out.
Come on.
Some two X's.
Oh, what are we in that point?
We had 24.50,
I think, and it's 20. So he still made the $500
plus it was 24.50.
It's a 23.29. So he's
still at 300 bucks on top of that.
Something like that. So congratulations.
Let's go. Thank you.
Congratulations, Harry. You made $750.
You are most welcome. And with that, tomorrow, three winners.
Farquhar Friday. We'll be on tomorrow morning.
10 a.m. Eastern Standard Time for the episode of FOMO Hour on Rock Radio. Let's go.
