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FOMO HOUR: BIG WEEK OR SMALL WEEK?
Recorded: Sept. 8, 2025 Duration: 0:59:18Space Recording
Full Transcription
Thank you. Hold on.
Check. check check
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check There was like, there was something funky going on. Alright, we're good. What up Bongo? What up Mike? What up Emlo? What up Ryan?
What up Cookie?
What up Griffin?
Ari?
What up Alex?
What's up?
What's up crap?
What up Sarah Pink?
Ivana C.
Willie?
Who's gonna win some money today?
I'd love to know that.
Make sure you join us on kick.com.
DJ is live.
Let's get ready to rumble.
Alright Charlie, kick it, baby. Thank you. Yo, yo, yo, yo, yo, what up, what up, good morning, good morning, GM, GM, Monday, ooh, baby, Monday, September 8, 2025, look at that, another beautiful day to have a beautiful day, I got my co-host in the house, Tyler, good morning. How are you doing today? I'm good. What a fast start.
This morning has already been off to a flurry of news has come in since I've been awake. And it's
just clear. Everyone's back to the desk. Summer's over. Get back to your desk, lock in. It's time
to move. Chop, chop, motherfuckers. You know what I mean? Like, i mean you you're not the only dad that was euphoric
last week about having their kids you know like if that's how you felt i mean the rest of america
is feeling the same you know i mean and uh and i like that this year labor day usually sometimes
this past weekend like it depends the first monday right i think this time is like september
1st was like we gotta wait with it right away it's like september 1st labor day get out of the
way on day one of the month. Everybody get the fuck
back to work. I mean, even here, you know,
people don't work in August.
You know, you can't get shit done in August.
This time I had a little leak
this morning in one of the pipes.
Got the call down. I got an answer in five minutes.
This is like so not normal.
It's shocking.
So people are back, Tyler.
Finally.
It's looking like it's going to be good.
And, you know, I told you about this person we met for the Dats,
which, by the way, wants to come on the show.
And he actually messaged me last week.
He's like, yo, I think September's going to be good.
And I was like, okay.
Yeah.
He wasn't sure either.
But he was like, we'll see once September starts, the appetite for Dats.
And he messaged us like, I think we'll have a good month.
So we're looking good.
We're looking good.
I mean, corn moon.
Did you see the blood moon yesterday?
Did you check it out?
I didn't actually see it, but I did see that we were higher.
We definitely saw the effect.
Higher after the corn moon, like we predicted.
I mean, I didn't get to see it either.
I should have.
I was like on my couch, just like lazy.
But look how nice it is.
Like this thing is pretty cool.
I saw some crazy pictures.
Yeah, check this out.
Total lunar eclipse.
I mean, imagine fading this.
Looks good.
Imagine fading this.
It's literally like Bitcoin colored.
You know what I mean?
The blood of the
bears well listen like we said what like we said before coming on we're not gonna do a
uh we're not gonna do a dunking today because it's day one we're not gonna jinx it but
let's keep the energies high it's corn moon i told you my birthday bottom we know we got we're
gonna keep that energy going because that's what we need.
Anyways, today on the show, we'll do some markets.
I think Mando should be here today.
But anyways, we'll do some topics.
Like Tyler said, there's a lot of headlines again.
So we'll break it all down for you all so you guys don't have to get lost on the timeline.
So we'll tell you guys exactly what went down over the weekend and what's going on today.
We'll have a little chit chat about them.
Heat giveaway, yeet.com forward slash djens live.
You'll be able to, to whale.
The code isn't really the soul 10k.
Okay, Charlie.
It was 500 last week.
He went from like 250 to 500 to 10k soul.
Listen, this is the kind of mood boy math that we need.
So 10,000 souls. So soul, this is the kind of mood boy math that we need. So 10,000 soul.
So soul10k is the code today.
If you want to be able to participate, you know what to do.
You got to get on the kick.
Yeah, buy bullish or go home.
I like that.
And then 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're connected to Web3 app, you've seen Wallet Connect. That blue logo, it's everywhere.
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Tyler, let's break those headlines down.
For daily NFT and crypto analysis.
Tyler D on FOMO.
Our cause to kick it.
Great ambassadors.
Yeah, folks. Crypto majors are green here this morning. We've got a lot of money. We've got a lot of money. We've got a lot of money. We've got a lot of money. We've got a lot of money. We've got a lot of money.
We've got a lot of money.
We've got a lot of money. We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money.
We've got a lot of money. We've got a lot of money. We've got a lot of money. We've got a lot of money. We've got a lot of money. We've got a lot of money. We've got a lot of money. We've got a lot of money. We've got a lot of money. The dollar is down basically at yearly lows now. Gold also at new all-time highs.
Stocks grinding up as well.
So it seems like the dollar going down is perhaps driving this move.
In other headlines, ETS actually had a very bad Friday.
$444 million net outflows on Friday.
One of the biggest outflow days they've ever had in their existence.
In more positive news, Robinhood joined the S&P 500 on Friday.
That stock's up over 10% here this morning.
Strategy, though, was left out of that index.
The Senate Banking Committee finalized an updated market structure bill draft.
That's targeting late September for consideration.
Then the SEC and CFTC are now weighing 24-7 financial markets to align with crypto's round-the-clock trading.
We also saw breaking news this morning.
The NASDAQ is officially proposing to have tokenized stock trading alongside traditional stock trading.
So that was a big one out of the NASDAQ.
In corporate treasury news, there was so much corporate treasury news.
Ford Industries announced $1.65 billion for a salon and treasury co.
This is the one that we knew about from Galaxy Jump and Multicoin.
Now we know the company tied to it.
$1.65 billion.
That's going to be a big one.
Tom Lee's BitMine now holds $2.069 million ETH along with $266 million in cash.
They have $9.2 billion in assets.
And the biggest announcement, a $20 million strategic investment in a WLD,
Treasury Co. That Treasury Co. Octo is up 20x on the stock today. Turning like a meme coin,
it is up 2,000%, folks. So the market likes that strategic investment. We had Sailor Strategy buy
another 1,955 Bitcoin, about $217 million worth.
Sharpling Gaming SBET is exploring staking on Linnea.
And then Trump Media bought $105 million in CRO tokens from crypto.com.
And token and protocol news, PumpFun gave out $12 million in creator fees over the past weeks.
The creator fee spigot is fully on, folks.
Hyperliquid, new all-time highs this morning after talk of their USDH stablecoin
and some debate between Paxos, Frag, and Magora on who is going to win that auction.
And then Athena announced a $530 million stablecoin X investment.
Rounding this out, Moon coin leaders are green on the day
most are up five to ten fifteen percent i think pingu and sbx leading the way um that cards token
up another 30 percent it hit new all-time highs this weekend as the pokemon meta continues in
nfts e-tmt leaders were mixed punks are holding up 48.9. Pudges at 10.25. Bored Apes at 9 ETH.
A new Punk strategy token from Renotic came out this weekend.
They've already accumulated around 40 ETH in fees
after reaching just a $2.5 million market cap.
This is interesting because once they get enough to buy a 4 Punk,
they're going to do it.
And then they're going to list that Punk for 1.2x the floor.
If it sells, they're going to take the proceeds,
buy and burn the Punk strategy token, so on and so forth.
So we'll see if they're able to do that.
And that's our roundup.
Oh, my God.
That's the roundup alone.
Like, there was a lot made my head spin.
Let's start with our majors because it's the beginning of the week.
And so let's go there. So because it's the beginning of the week and so let's go there so I'm on the timeline
alright so looks like our lines
same lines we drew those little lines
oh wait what that's the wrong
that's definitely not the right screen
what did I do wrong
hold on
okay good
same lines we haven't moved Tyler
we've been chopping in between that 108 to 112 Ah, there you go. Is that? Okay, good. So same lines. We haven't moved, Tyler.
We're just, you know, we've been chopping in between that 108 to 112 for a minute.
Let's hope this is our 30-minute fakeout, but we are past the 30-minute mark now.
So if we were to save a Bitcoin at 112, I like the coin.
I like it as well.
It's looking like 10 to 10. We want to see a little bit higher.
The more technical traders I know are looking for
113, breaking past
113 with more volume and more
sustainability. We keep getting rejected
off that.
If you pull up the dollar chart, the DXY,
it's pretty
clear what's happening.
DXY, there you go.
It's nasty. It's basically down what's happening. DXY. There you go. Oh, it's nasty.
Yeah, it's basically down only this year, right?
Like there's been some peaks in tross, but the trend is pretty clear.
It is effectively at yearly lows.
It's down over 10% on the year.
This is a nasty chart, dude.
If your asset isn't up more than 10% year to date, you've lost.
Your dollar is worth 10% less.
So 10% is just the breakthrough.
And it's like Bitcoin's only up 19% this year.
And of course, we had the huge run on the Trump election win, right?
But we're now eight full months into the year.
Bitcoin's up 20%.
It's barely outpacing the dollar losses.
So my interpretation of that is there's room to run.
I mean, look at the weekly on Bitcoin.
Why are people bearish?
We closed the last week green,
which broke a three-week red stretch.
So folks are happy to see that.
I mean, weekly looks fine.
We dumped exactly 14% from top.
So many people are just so locked
into the traditional four-year cycles.
The history of September being a bad month, all this.
Yeah, because if you're locked into a four-year cycle,
then you shouldn't be bearish here.
But yeah, I know about September seasonality.
The story of the week, though.
And look at these lines. I have not moved them.
I have not
moved our wedge, Tyler.
And it just tested it right there, top of the range.
Dare I say the most
important ascending wedge in crypto
right here.
Yeah, I'll abide to that i like that i like that
narrative so this is filana it looks like it's it wants to break out right and i think 220 is the
key level it matches just up with your lines right so if you break 220 it's yeah it's clear skies
and if a new 1.65 billion dollar dat backed by multi-coin and jump trading
and galaxy digital can't push it through that then i think it's probably
going to be a tough rush to be here and it looks like this dat fud was
overblown though that's the other takeaway um so i follow
shardy b i saw that they're a good quant um they
invested and i'm saying. I actually don't know if this is a girl or a guy or a girl.
But Shardy is...
They have the docks.
They're invested in this company.
And they're saying that they may purchase some of the sold via locked tokens at a discount,
discount, but not from multi-coin
but not from multi-coin, Galaxy, or Digital, if they get the right price.
Galaxy or Digital, if they get the right price.
This is very different from accepting
in-kind locked tokens for equity
like Sharp Technology did.
So there may be a bit
of that, but that's not the core model.
I think some of the thud was probably overgeneralized
for how these Solana Dats were going to come
in and just buy locked Sol.
There's more to this.
This is crazy right let's do
the market cap math so soul is at 116 billion bitcoins at 2.2 trillion souls one fdv 130
okay so soul so eth is four times bigger so here this is the equivalent of 5 billion dollars in ETH buying
which is basically what SBET
that mine came in and did
and we saw what that did for ETH
2500 to 4800
I mean I don't think targeting
an all time high for soul is stupid
I like that line that we have even more
we talked about it a lot
you and I actually
right see it caught up We have even more. We talked about it a lot, you and I, actually.
Right?
It's a low-time high.
See, it caught up.
It's a 50%. Feels right.
There's still speculation there's another debt coming.
Another billion-dollar debt.
Wow.
If folks are listening to the show and don't know debt,
it's Digital Asset Treasury.
So the Treasury Co., a company that holds crypto assets,
is one of his primary business models.
So we think another billion-dollar one is coming.
If that happens,
if a second one is confirmed,
I think an all-time high is all about locked in.
We're talking a 40% move.
It's a much cleaner all-time high
than the present launching a meme coin
and then a whole PVP season.
It's an all-time high made with actual fundamentals like Ethereum.
And I feel like the market's matured a bit.
Now I say that, but that could change in a week.
Meme coin season, come back.
It's full craziness.
But you have the revenue meta in full place.
Hyperliquid making new highs.
Pump fun.
Best token of the last 15 days.
Because of fundamentals.
And now Solana becoming a little more mature in that sense with the DATS.
I mean, I like that.
It's a good combo.
So ETH had the combination of DATS plus ETFs.
Yeah.
Sol doesn't really have the ETF flows yet.
We are optimistic we're going to get Q4, Sol ETF,
perhaps also staking ETFs, right?
But still,
it's not going to have black rock,
but what if it's the meme trade?
So we already saw like the, the me mania drove soul to its first all time.
Of course it immediately corrected,
but another meme season combined with a dat season,
a little more interesting.
I mean,
pump doing good helps too.
Like you talk about that meme season,
like the fact that PumpFund
does a little tweet right now.
Here, the fact that this is like,
Pump is still only trading about 25% above ICO price
and it's still going a long way to go.
Soldat's coming.
PumpFund streaming sector pie is growing.
Consistent and overwhelming buyback.
Let's kill the zero.
And then I just saw this news by PumpFund.
He may have come during the show
and I actually love it.
Check this out.
Introducing Mexi Mondays.
We're excited to partner with Mexi to list a new PumpFund ecosystem coin every Monday.
It's time to help grow and accelerate core PumpFund coins in communities.
For week one, we're proud to list Trencher Broadcasting Company.
So on top of that, PumpFund is going to list a token.
And by the way, PumpFund has partners with Bybit, Kraken.
Look at who they did the ICO with.
PumpFun has the leverage on every company on earth right now in crypto.
Is this a token you had, Tyler?
Is it one of your transactions?
What token is this?
I don't know.
I've never heard of it.
It's up 125%.
This was a $2 million coin this morning.
So I like this idea in theory.
Yeah, aside from the whole, like, I don't know what this coin is either.
I don't like that they picked a random $2 million coin to list on Nexi
because that makes it just feel like it's...
Well, unless it's one of their, like, broadcasters.
Yeah, I know what you mean.
But aside from that, right, like, you get the point I'm making? Yeah, I get the point. They're leaning morecasters. Yeah, I know what you mean. But aside from that, right? You get the point I'm making?
Yeah, I get the point.
They're leaning more into their ecosystem.
Let's put it at that.
They talked about their community fund and buying community tokens.
They're leaning heavily into this creator payments,
and we can get into that.
That's arguably one of the biggest trends happening on chain right now.
Yeah.
Is Pump Fund paying creators $12 million
in the last week.
Mando's starting to get some ideas here.
The incentives are just too big, right?
It's too big to ignore.
If you're thinking about launching a coin,
if you're a serious team thinking about launching a coin,
you're going to do it on pump right now.
Yeah, if you get help with the listing on top of that.
If you're well-connected,
there's incentives for you to become a CTO shop
and operationalize CTOing good memes
that have decent communities,
but they're not really being run well.
There's a lot of opportunities that have come from this.
Dude, this is huge.
Launchpads.
It's not even fair anymore.
It's undisputed.
Undisputed.
It's amazing how price action can flip there.
It's more than price action,
because they also gave back to the creators.
I think that was a big part of what's happening as well.
Traders aren't really necessarily benefiting directly.
The other aspect, like let's talk about this ecosystem.
I think the other primary FUD around Solana and Solana memes is that traders are going to zero.
And that chart that's been passed around is just a very misleading chart.
Well, there's also a bunch of bots, dude.
So when there's less activity on the chain, like Solano was full of like, you know.
Go to Adam's page.
Actually, I sent you a different tweet of his... He has a dashboard that filters out by...
This is not bad at all.
Yeah, this basically removes from bots.
It has wallets that are active for more than a one-day period.
So basically, you see the huge run-up for Trump.
We went from 300,000 wallets briefly past 600,000.
Now it's back to 300,000. There's still past 600,000. Now it's back to 300,000, but there's still 290,000 active wallets.
And it's leveled out all summer.
There's nothing bad about this.
Everyone's going back to school.
What do you think the kids are talking about at school, dude?
Like, dead ass.
You know how we always say, oh, this thing came out Retail got wrecked
Retail always finds a way to come back
Are casinos ever empty dude?
Come on
People always
All you need is a narrative
That's it
The Solana pump
Mixed with pump fund
Really going crazy right now
That's all you need Solana goes to $300 mixed with PompFund really going crazy right now.
That's all you need.
You know?
If Solana goes to $300, you don't think that a bunch of tokens are going to run like crazy, all the meme coins?
Let's actually go revisit the more...
I don't want to say historical. It's not historical. Sorry.
The bigger coins, right, on Sol.
How are they doing with bigger memes?
From this.
Pingu was leading memes today.
It's up 13%. God damn, that's crazy memes today. He's up 13%.
God damn, that's crazy.
Parkour is up 10%.
Yeah, I saw that.
Let's see Solana.
So he said Pudgy,
Bonk.
They're all doing good on the back of that.
I do think
Bonk is a little bit of a messier trade now.
Yeah.
Being somewhat tied to the Let's Bonk ecosystem and the Pump competitor.
So let's look at memes, right?
Yeah, pure memes.
I mean, it's a very green day.
Doge.
We kind of buried one of the leads.
This is very good for what we're talking about.
Like the whole meme coin season.
This is like the leading indicator here.
You know what I mean?
So Doge is up.
10%.
10% today.
We're talking about a $20 billion coin.
Like it's up the market cap of like
Farcoin, Bonk, and something else.
You know what I mean?
Yeah, that's a huge move.
So the overall meme market cap has to be up
basically 10% today as well. Yeah, let's check it out. I the overall meme market cap has to be up basically 10% today as well.
Probably, yeah.
Let's check it out.
I'm going to go back here for you.
We saw one of our favorite clients, Bluntz, was saying it's time to bid memes.
If you are one who dabbles out on the risk curve,
it does seem like it's an interesting meme setup here.
Boom, there you go.
Let me pull it up again. Let's do it a one year. Boom, there you go. Let me pull it up again.
Let's do it a one year.
Oh, that looks good.
I see higher highs and higher lows.
We had the blow off top.
Can you zoom back out?
Yeah, here.
We had the end of Q1 2024 rally.
That's when WIF had its big blow off.
This one, right?
Then we chopped down through the end of summer.
Then we had the Trump election blow off where Doge ran.
It ended with the Trump coin.
Then we fully reversed all that.
And now just growing it back up without really any,
like,
what would you even point to?
I mean,
I think Pingu has had a nice run during this time.
Rekt had a nice run during this time.
Far coin was earlier,
but yeah.
I mean,
it's lower than it was.
You had useless.
Yeah.
Useless only,
I would say.
Yeah. What is useless. Yeah. Useless only, I would say. Yeah, what is useless at, actually?
It was down like
60%. Whoa!
What a comeback.
Damn. It's hanging out.
That's pretty good. Trolls, 200 million.
So you've got a handful of new memes pop up,
but... Look at this, dude.
My point is, it's done
this without any real explosive moves so man i really like troll
i don't have any but after the show last week i really like it i know me too community loved
our clips let me tell you that it's a good name it's cool like the the folks i have here are cool
um so you do have a few good memes, dude.
How's my Farcoin doing today?
Let's look at it.
We haven't been looking at it on a daily basis.
I had to stop.
You can spend a little.
Okay.
You really got to have a close.
You really got to, you know,
we got to reclaim around that level, you know?
It's going to take a little while. It's going to take a little really gotta you know we gotta reclaim around that level you know it's gonna take a little while it's gonna take a little bit you know we're not just gonna we're not just gonna
hockey stick right up to to five whatever wait didn't mando say we have to go to the log chart
and then yeah well let's let's find the the log log time frame that makes this look good we'll
find that there's a view here.
We'll make it look good. What about, well, these are some old
lines.
Some old lines here on Doge.
Yeah, they're still there.
They're actually not that bad. This was here, yeah.
Because I was
looking for this breakout back then.
But we
actually retested that level and just
bounced back up.
A lot of it depends.
I think the other aspect,
before anyone just goes crazy
and apes into memes,
I think you do want...
You want to see the Bitcoin reclaim?
You want Bitcoin above the range?
Yeah, it's right there.
If Bitcoin loses 112
and goes back into the 110,
the 110 memes aren't going to do anything.
Would be hilarious if we just do this all September.
That would not be hilarious for me.
That's not my ideal September.
I'll deal with it.
I'll still show up.
Me neither.
But I just think it's funny how everyone says it's over.
It's probably the favorite scenario,
you know,
I just think like,
obviously you had to tweet from on something gut says we're topped.
And then I immediately was like,
gut says we're bottomed as a joke.
Nothing.
It's awesome.
I think he's a sharp guy.
but I just thought it was funny.
Right.
Cause I'm also the permable of the timeline.
But,
but I really like,
I kind of had,
I had this thesis the entire cycle. And I talk, I kind of had this thesis
the entire cycle,
and I talk about this
on the show a lot,
the most sideline cycle.
And every time,
we've had so many times
where people got sidelined
and we kept going.
Remember when Bitcoin
went from 40K to 70K?
Then again,
from 70K to many, many times.
And then when we were on some,
actually effectively
properly called that top and then missed that bottom. everyone got sidelined on that bottom again at like 74k
so it's like we really are so quite actually mando's here there he is and he tweeted about
this this morning good morning gm bom dia you good i'm great we great. We're actually traveling.
Ooh, very nice.
You're back?
Well, I'll be flying tomorrow.
I think I actually missed the show tomorrow, but I'll be back from Wednesday.
There we go.
We need our quant, dude.
We need our quant.
Also, we're not getting any luck on you, so we need you because when you're here, we need more money.
So we need our quant back.
But Mando, we're talking about something that you actually tweeted about today.
And it's,
you know,
we were talking about how funny it would be if people get stuck on the
sideline again.
And you actually tweet about this as well,
like five hours ago,
either we topped or 75% of CT is not de-risk and we rally.
I mean,
how do you feel about this?
Like corn moon looking good this morning.
It doesn't mean we're going to keep looking good tomorrow.
We're,
we're known to retrace and pump and retrace and pump every three days but how do we feel today
i think just read through your timeline i was doing it over the weekend and i was going through
all of my um other traders i generally follow and the majority of them were talking about either
de-risking or having taken profits.
And like, there was a few of them coalescing around a few certain trades,
like Hyde, Ina, these three.
But in general, the tone was that like, oh, I'm not going to round trip all this stuff.
And you compare that to, for example, when Bitcoin's breaking through all-time high
and just think about the turn then.
I think that kind of tells you a lot in that when it's breaking through all-time high and everyone's bullish, that's sometimes quite a dangerous moment.
Right now, I feel like given everyone's de-risked so much, even if we dipped, I just think you'd get buyers of it.
You'd have to be some sort of very macro a sell-off which i don't
see either um and i just liked i like the setup here so it may not i'm not saying it's going to
perform amazingly well in the next like 24 hours or anything like that i still think we could chop
for september but i just see limited downside risk and i continue to like
bitcoin as i've said um i think the revenue meta is picking up on you know certain winners here
which continue to win uh the ones i said before so pump athena uh and hype and then you have like
maybe some smaller ones in that world of DeFi,
things like Arbe, Syrup.
There's a few others like smaller revenue metal ones,
maybe even the Cards coin that's ripped more recently.
And I think the market feels fine.
The market feels fine.
Oh, I hadn't seen this tweet, Tyler,
but you just mentioned it.
It just popped up on my feed.
Injecting it's in my veins.
Oh, I just saw this.
Goddamn.
Time to get max allocated to meme coins again,
in my opinion, says Blunt's capital.
I mean, Blunt's has been saying,
go long meme coins every single week,
four weeks.
Literally every single week, the A, B, C, D, we're about to rip.
He's been about 10 times on Farcoin.
And it's just a little lower.
Patience pays off.
Patience pays off, young Padawan.
Patience pays off.
Now, what I would say is that, yeah, like as I said before I thought Farcone was a good
levered long I didn't really see it go much lower
it's
now hanging out at
82 I thought the same
with Pengo as well like they really had
formed pretty strong bottoms
over the area
and there was a couple of those
that SPX had done something similar,
but particularly some of the Solana ones,
Pengu and Parkour and I really like,
wow,
they're very strong.
Bottom suit to both of those shots.
is that what I think it is?
Is that a double cup and handle?
Pengu looks good.
Yeah.
They've got,
well,
you mentioned something else,
Parkour and Pengu,
Solana,
and you just mentioned,
useless,
we just saw,
which ripped SPX. Yeah. Cause we didingu, Solana, and Useless, we just saw, which ripped.
SPX, yeah.
Because we did mention last week how SPX had lost some momentum.
It was weird.
And now it just seems to have bounced pretty well as well at the bottom here.
SPX actually didn't form that strong a bottom, I felt like,
compared to the other two.
The other two just felt like they weren't going much lower
than the recent bottoms they put in.
They just kind of have been consolidating of that period.
So I liked the major Solanamines more than maybe some of the ETH ones.
But yeah, I just, whenever everyone talks about the market topping,
it just feels, the arguments feel very loose.
It's like we've come so far.
It's like, I don't see what
is your thing that causes us to go lower.
That's the only aspect of the
argument that I've seen. It's like, oh,
this bull run has started since
Bitcoin 15k.
It's like, oh, you don't think that's been a great run?
But they're not talking
about the future setup at all.
And I'm seeing some of those tweets where folks think,
for your cycle, you think Bitcoin gets another 10% to 15% move.
They're happy just to sell now and miss that 10%.
Like, okay, I understand the logic there.
But then what are you going to do?
You're just going to sit in the dollar and lose another 10%?
If I recall last cycle, Bitcoin topped
and then alt
assets like NFT had an
insane season.
If I'm mistaken.
It went
up since
months after.
When you get into NFTs and stuff,
I feel like that's when you kind of
it may be not reaching,
but it just tells us, yeah, I don't anyone's defining like when the market's top based on nfts but i also just think
that people are just the tone of what we just spoke about right like bitcoin is 10 away from
all time high and everyone is talking about taking profits that feels like a market that can rally
it's not a market where everyone's doing like 10X long beam coins.
Everyone's saying it's the top.
Like I read through my time.
I was like,
this is just kind of a bit of a joke for the situation that we were in.
So I,
yeah,
I just,
I think the risk reward is,
is what I put in of what I put on that tweet,
right?
Like I think a lot of people have de-risked,
a lot of people have de-risked a lot of people
have de-risked everyone's de-risked a short period and no one wanted to hold stuff through that and
um now now i think you can get a bit of a chase there if things start to rally
yep it would be uh i think blow off is when like people risk on after a 20% move. People don't want to hold through lows. It takes a different kind of animal to just hold through your memes and all the risk assets at the lows and you're looking at the chart like, fuck. It just takes a different level of pain and patience. Look at that. But anyways, every time we seem to go lower,
just some big debt news.
So like Tyler, take us through some of that
because I think debt news were kind of like
the story of the morning today.
You talked about the Solana debts,
but also WorldCoin and a bunch of other stuff, no?
Yeah, so Tom Lee's BitMine,
they now hold 2.069 million each.
They bought another 200,000 each in the past week.
They still have 266 million in cash.
But the biggest part of their announcement is they made a $20 million strategic investment into eight co-holdings.
That's ticker Octo, O-C-T-O, as part of Octo's $270 million pipe.
Octo is going to be a first-of-its-kind WorldCoin treasury co.
WorldCoin spiked on this. Go pull up the octo chart it's up like 20 um but what is interesting about this to me is you is it really up 30x now that's possible
i haven't i haven't refreshed the price um there's all the talk about where are you going to get your yield? Why would you buy a BitLine stock over ETH?
Well, now this is like, oh my God, it's up 25X.
I'm going to chat right now on TradingView.
So it's ticker Octo, right?
It's not just going to be staking yield.
Now he's talking about actually doing strategic investments.
So it's like a bit of a fund.
So it's like a mix of a fund.
What the heck?
Dude, what?
Look at this thing.
I can't even.
Anyone who is holding an octo stock before today's Nestle.
What is this?
I've never seen a chart like this in my life.
Guys.
I didn't know traditional stocks could do this.
What is this thing? Am I supposed to even log it? I don't even know how could do this. What is this thing?
Am I supposed to even log it?
I don't even know how to view this.
It's at 140 million market caps up
27x. So that means it was at
a $4 million market cap last week.
It'll do it. Yeah, it was trading
at $1.45 on Friday.
$41 right now.
Oh, man.
I mean, you can make a case this is like a risky play for BitMine,
but this is a part of their moonshot strategy.
So Logan was telling me this has been kind of buried in their investor decks
for a while, so I actually didn't even read this.
But this is a part of their core strategy to use a bucket of their funds
to make more
of these longer shot
investments
and ultimately
to bring back
more capital
to buy more ETH.
And it looks like
their first moonshot
investment's gone quite well.
Wow.
So what do we think
of WorldCoin here?
Do we think WorldCoin just runs it back to the highs?
Isn't WorldCoin, from what I've heard through Grapevine,
it's super owned by market makers?
Isn't the token itself barely in circulation?
Well, they've got a massive in the treasury, right?
Right?
I heard it's like 80% plus, no, Mando?
Yeah. If you look at the FTB, it's the current market cap. It's I heard it's like 80% plus. No, Mando? Yeah.
If you look at the FTB,
it's the current market cap.
It's a big discrepancy.
Let me see.
Hold on.
This price has always been a tough trade.
Is that such low float?
Yes.
I've got to run.
Zero.
I mean, look at that, Tyler.
Market cap is...
It's up 65% on the week.
It's a huge move.
And you've got, what, OpenAI raising like $500 billion or something.
This is the only way to get crypto exposure, right, to Sam Altman.
So the bull case makes sense.
And now you've got some treasury codes coming after it as well.
The bear side is just,
you're just going to keep having tokens unlocked and dumped on your head.
Oh yeah.
Because the market cap is 20% of the FTV.
I definitely am not buying that stock.
I mean, if you zoom out, I mean, go to the one year.
On the stock?
I'm still looking at WorldCoin.
Okay.
Let me zoom out.
It's four in the Trump run.
It went to $12
when it launched.
Yeah. Super zoomed out doesn't look great. It could go to $5, right? when it launched. Yeah, I mean, that
super zoomed out doesn't look great.
I mean, it could go to $5, right?
There could be some room to run, so I
would not be sure. Let's just say that.
But there's probably things
you could have a little bit more confidence in.
Like Hyperliquid, we should
get there in a minute, but round this out,
the debt trade has been
I think more funded, more
in doubt than it ever has.
I'm trying
to find the
strategic ETH reserve site
here to see if we can get some
updated MNAVs. I think these, a lot of them
are trading below.
Sharpling says 0.87.
I think those numbers are probably a little outdated.
Just because they only report once a week on Tuesdays.
So we'll get a better number tomorrow.
But BitMine, the leader's at 1.03.
Sharplink's at 0.87.
Nuts.
It's not great.
And then microstrategy stock has been terrible.
It pumped a bit on Friday, I think,
because folks had the hope in that it was going to get included in the S&P.
It wasn't. Hood was. AppLovin was. I think, because folks had the hope in that it was going to get included in the S&P. It wasn't.
Hood was.
Apple 11 was.
I think it won a company.
And now strategy is down 2% today on a day where Bitcoin is up a percent and very green.
So you would expect a levered Bitcoin bet to be green on a day like today.
It's not.
And I think that's kind of symptomatic of what's been happening
for a good chunk
of the year.
It's just upset.
Bitcoin is up 20%
this year. Strategy is up 10%.
It's underperforming.
It's not great.
Hype USDT.
It's been rough. Wow, look at Hype, dude yeah so hype hit a new all-time high so we should talk about this um only have a few minutes left in the show the big announcement from them
kind of came out of nowhere on friday they said that we're gonna launch their own stablecoin
usdh um they're gonna allow validators to vote on this through this on-chain governance process
i think teams are going to be able to submit proposals and bid on this ticker i don't know
exactly what winning the ticker means for the players who are bidding on it um so i still need
to dig into this a little bit more but the overall, they're going to get a stablecoin.
Nice.
I think Circle does a good amount of its volume on Hyperliquid, so USDC, which they are now at risk of losing a big share of that to Hyperliquid's own stablecoin.
hyperliquid's own stablecoin.
If they put any incentives around that
or even just speculation
that those who use USDH
will be perhaps included in the next airdrop
versus USDC.
There's going to be enough
even speculation around that
to probably move most people over
if you're trading in USDC
on hyperliquid.
They will be able to get traction
on that.
That just continued volumes. I'll take a STC on hyperliquid. So they will be able to get traction on that.
That and just continued volumes. I'll take a
look at the weekly fees here
on DeFi Llama.
It might take me a second.
The hyperliquid chart is insane.
It's good.
If you just want to make the more
pure play revenue trades in crypto
there's only a handful
it's basically hype, Ina, and Pomp
and they're all doing very well right now
insane
if you want to take the opposite view
we talked about the meme bull case
that majors run
people are going to want to speculate
good for memes
the counter to that is
maybe folks will be more interested in the true
revenue place. Maybe the revenue coins
will take more of that action
in the near future.
And I see that side.
I think there's probably enough capital for both
sectors to run, I think would be
my view.
Wow. Just wow.
It's a beautiful
ascending wedge. It's gorgeous. It's a beautiful ascending wedge.
It's gorgeous.
It's going to keep going.
Got to hang it in the Louvre.
The overhang now is just airdrop too.
And when is that coming? Is that coming in November?
But they're buying back their token in such size.
Universally positive sentiment.
Still the perps leader i think that the other flag
the other um potential bear case for hyperliquid is finance being legalized in the u.s you know
more widespread legalization of global protocols in the u.s will that cut into hyperliquid's
market share i don't know if it will or not.
But that is something to be aware of.
Yeah.
This is really impressive.
Huh.
I love that.
This is wild.
What else?
Is there anything?
We still have some time.
Yeah, let's see.
We have so much going on.
This is for sure more. It's nice to see some green on the board. So, yeah, Sol's back over $2.15. Bitcoin's back over $2.15. This is for sure more.
It's nice to see some green on the board.
So, yeah, Sol's back over $2.15.
Bitcoin's back. We're fine.
So, we are moving up a bit.
I know three companies that are making revenues.
Two of them haven't TG'd yet.
Yeah.
It's called the MYR trifecta.
The Myriad Yit Rekt.
Yeah, how was NFL opening weekend?
I think I saw some big numbers.
Yeah, it was not bad.
I mean, obviously, no, we're not cashy, right?
We're not here doing $150 million in a day of volume,
but weekend one for us was 15 football markets,
$110,000 volume, 3,207 trades, 853 unique traders. So it's not bad, you know,
like for, for first weekend NFL, it's not our forte. It's not the same. Like a lot of these
prediction markets, sports predictors are mostly already on couch and polymene. So it's not like
we're like, you know, it's not where we like excel, but I think those are good numbers, right?
Yeah, definitely.
I like it.
You just want people getting into the muscle memory of checking myriad for sports bets.
Yeah.
Well, like Bunchu said, where we're going to do better than everybody else is like those fun markets.
Like this TD, this quarterback versus that quarterback who has the most yards,
right?
This passing,
this wide receiver versus that wide receiver.
Like who?
So I think we're,
we're going to continue to do that,
but you know what we did this weekend,
Tyler,
we launched a really cool market.
Yeah.
Let's talk about that one.
Cause I think you guys will love it.
So just so y'all know,
usually myriad markets is a 3% buy fee.
We have removed our fee from this.
So it's 0%.
It's all yours, right?
It's all for you all to win.
And it's called Upward Down, Tyler.
And it's one of the most fun.
I mean, there was this organic post,
saying it's the best,
one of the most fun markets they've seen in a while.
It's a pure sentiment market, Tyler.
It's literally called
up or down. There's no resolution. I believe the end date is the end of month because we're running
an experience, right? So we're stopping it like I did in the month or Tyler, we may never end it.
And it's just up or down. So this market is a social experiment to gouge social sentiment,
to ensure fair playground for all. There will be no trading fees charged for this market by Myriad.
This market is trading only and will never be resolved towards either option.
So proceed at your own risk here, of course,
but it's kind of like a to be or not to be, you know, up or down,
pure sentiment, almost like a perps market, you know?
Yeah. Okay. My first read is like,
is this the first ever like meme prediction market where the,
like the market itself is a bit of a meme, right?
It's just kind of trade on sentiment.
Yeah.
I think it is.
I haven't seen anything like this.
Look at the resolution source.
It says you,
you know,
and,
and people are loving it.
Like people already, you know, commenting on loving it people are already commenting on it
and have their opinions
we've done $60,000 worth of volume
as soon as it launched
I wouldn't be surprised seeing this make seven figures
and there's no fee y'all
you guys should definitely go and play
but I just like it
is this for new fear and greed index
there's a lot that can happen from this too
this is true
anyone who does
play in this market doesn't need to understand exactly
what they're doing
it is a sentiment gauge
there is no resolution
criteria it's not going to resolve
so you need to understand
this is a fun one
I think it's awesome we to resolve. So you need to understand. Yeah. This is a fun one.
It's just,
I think it's awesome.
We tested it on points only first and there was a ton of points traded on it.
And now we're testing it on USDC.
And so far the people really love it.
That's actually why we're here with us.
Revisit some of these markets.
This one has been nuts,
Tyler,
this Bitcoin one we keep talking about.
So we didn't hit one Oh five. So that was back, the sentiment's back to like towards 125.
Yeah, we're like, we're not square in the middle yet, but we're close.
I guess 115 is the middle.
This is great.
What else do we have?
I love 125.
It's another good market sentiment.
Market for sure.
I like this because, yeah, exactly.
You get the sentiment. I mean, people still think
105 before 125 is what it's worth.
The cards market
was kind of a...
The shorts took kind of a bad beat there.
Yeah, that was horrible.
Because it hit 30 cents for like
two minutes. Resolved, yes, and Because it hit 30 cents for like two minutes.
Yeah. Resolved, yes.
And now it's back in the range. That one was
insane.
And it happened like really quickly,
right? I think on this weekend. Yeah, super quick
setting where I pump and then like straight back down.
That was crazy.
Dude, that Solana all-time and a
year now is 50-50. It was
mostly a no for the longest time.
Look at this chart.
It's beautiful.
I like it.
I like it.
You know?
I like yes on that.
The troll one.
Oh, we launched a troll market.
Hey, for all troll friends.
Look at that one.
50-50, 10 cents or 30 cents.
What is it trading at?
I think troll's right at like 190, I think.
So it's like right in the middle.
Yeah, it is.
It's 1818.50.
That's hilarious.
That chart kind of looks like
a token that could kind of chop on this range
for a little while, for sure.
It's like probably there, and then
there, and then there, and then there. It's going to
be a fun one to follow.
There's some fun stuff in here. Look at that.
I saw this Apple. I love this
iPhone market. A lot of that. I like it. I saw this Apple. I love this iPhone market.
A lot of people are betting on it.
And then I think those are the fun, fun ones.
Oh, that's fun.
BTC above all the fun.
Yeah, big Monday night game.
Hometown Bears play tonight.
In San Francisco Vikings.
I think we're underdogs on Marriott, yeah.
Who do you got?
I like the Bears to win the home opener tonight.
Definitely.
It's really ironic for you to be a Bears fan.
Like it doesn't fit the brand.
You know.
It is a personal struggle.
But at least then you can be happy if the Bears are having a rough season.
This is the silver lining.
I love that.
No, there's a lot of fun markets on prediction markets right now.
You guys should definitely check it out.
This Easy Clemente challenge is cracking me up because Easy is just kicking his butt.
Yeah, Quinte is looking a little rough there.
Yeah.
It's a very questionable coin.
I think they have a website, right?
Well, he has Troll in there, which was essentially a good pick.
But then – Troll saved him.
Troll is saving him. Oh, wow. He's actually
up... No, 24 hours. Sorry.
Oh, no. He's down
35%.
Not great.
What is this
bottom token on here?
Dockers, XBT.
What the fuck? Dockers, XBT
and a five token? What is it? Dockers, XBT, and a five token?
Comente.
What is it?
I have no idea what that is.
Cover this market full time.
Easy one with a very standard.
Easy one, easy.
Yeah, it's kind of easy mode.
I went into 7%.
Comente just went full.
He's losing on Litecoin.
Yeah. When does this on Litecoin. Yeah.
When does this end?
End of the month.
I don't know.
No, no, no, no.
Sorry, not end of the month.
Not end of the month.
I love how they put PO here.
The Bitcoin benchmark.
Bitcoin only.
I think it was a 30-day chat.
Oh, no.
Tomorrow.
Okay. Yeah, no, tomorrow.
Okay.
Yeah, so Clemente is done.
Yeah, Clemente is going to win.
If it was going the full month of September,
I would say Clemente still has a few outs.
Just with Troll and Takabu.
Takabu.
Damn, Clemente.
Yeah, I can't believe it's only up 7%. I would have guessed Ina and Hype and Pump
were up more than that
well the thing is
when they started the challenge
then everything dumped
like hardcore
in August right
that was
like even Pump
like went super low right
just another sign
that
how much more room
there is to run
yeah
right
like we are
this is not euphoria folks
not at all
by any means
like the
a bag of all the majors that have been running.
These are the top performers in crypto, basically.
Yeah.
High up in Palm.
And they're up 7%.
Even Link, right?
Link was like the...
Whatever happened to Link Marine?
Mandu was all over that.
I think it still probably has some upside, but it's...
Wait, we're almost September 10th.
Oh, this one's getting interesting again here.
What is Link at?
Yeah, what is Link at?
I'm trying to pull up here one second.
It's at 23, so you need a 10% move.
Yeah, we're going off of Binance.
So Binance got at what?
At $23.
You need about a 10%.
Some of the hype has worn off a little bit
if I'm being honest.
Yeah.
Yeah, definitely.
I mean, man just stopped talking about itself.
The other end, we'll do that.
We got to do Yeet.
The other story was World Liberty Fi
is up like 30% from when they blacklisted Justin Sun.
So if you longed the Justin Sun blacklist, you did quite nicely for yourself.
Who would have thought that counter-trading CTA guy on here would have won?
You know what I mean?
It was at 16 cents, dude.
It was like down only.
Of course it's going to fucking.
That was a hard charge to buy, though.
I understand not one thing.
You know who bought it though and called it?
Our top subscriber.
AI Rev.
Oh, what a guy.
Publicly.
On the timeline again.
Our favorite whale.
There you go.
He got it.
All right, Charlie.
Let's give some money away.
I want to play some lamb chop.
Do I have time to play lamb chop?
Hold on. Because I did drag it. Oh, I have time. Perfect. Okay, perfect. All right, Charlie. Let's give some money away. I want to play some lamb chop. Do I have time to play lamb chop? Hold on.
Because I did drag it.
Oh, I have time.
Perfect.
Okay, perfect.
All right.
Charlie, Charlie, Charlie.
Let's play some lamb chop.
Wow.
Another 100 subs.
Dude.
Holy shit.
Same time I'm mentioning him, I go to the WhatsApp chat.
And I appreciate you, man.
Hey, I want to see some thank you, Aaron.
Y'all better be following him on the timeline because honestly, he's a sharp motherfucker, man.
I didn't realize he made all these calls in public, Tyler, but he does.
I made Taylor.
Watch the first time I tell him just lose.
You know what I mean?
Like he wins like 20 of them and the one time I tell him.
It's going to go down.
Shout out to AI Red.
So make sure y'all follow him all right chat let's give us some money
Krylox
Krylox
congratulations
K-R-Y-L-O-X Krylox, congratulations. K-R-Y-L-O-X, Krylox7, are you here?
Ooh, did the chat function break again on the side?
All right.
Let me go on the kick directly.
Krylox.
We should get AI Rev on this guest.
We may as well just come and hang out.
We should, actually.
Krylox, he's here.
He's here.
Actually, we could do like a trade focused one with the IRF because sharp trader
as well just get someone on like that
fuck yeah
I mean Rev if you're in
you have my telegram hit me up
alright Kreloks you're here
should we take him to the lamp shop
let's do it
Kreloks you know the rules congratulations you already made $500
let's play some lamp shop with you basically the rules. Congratulations, you already made $500.
Let's play some lamb chop with you.
Basically, tell us to which tile you want us to go and what difficulty.
Easy, medium, hard, very hard, death wish.
Let us know and then we'll take you straight there.
There you go, 250.
Difficulty, easy, medium, hard, very hard, death wish.
Let us know and then we shall take you uh there
do you guys see him type i'm not saying no i've seen him say he's here um comments are like not
loading or what i don't fuck come on let me go on dgens directly yeah easy and then to where go to
like 450 all right all right all right all right tyler you ready easy i respect
the call because lamb jump has been so brutal so let's say we'll stop him here if he makes it here
and then after this we'll let him decide if he wants to keep going uh let's go oh i don't have
the sound on because i'm not on i didn't switch browsers all right guys well you'll have to
listen oh this is a good run yes hold on Hold on. Okay. Dude, what a good run.
Looking good. You're looking good, Krylox. Where do you want to go?
Where do you want to go, Krylox? You're looking good. You're looking good.
Hold on. One more. He says one more. One more. One more.
Dude, this is a bond run, Krylox. This is a bond run, Krylox. bond run crylocks this is what wait he said one more
earlier so i'm not gonna go yet crylocks you let us know oh he says damn hold on that was earlier
that was earlier i don't know wait why is someone no no no don't't put on me. Don't put on me.
I'm not doing this.
I'm not doing this.
Everyone who's not him is saying what to do.
This is terrible.
What should he do?
We need an answer.
All right, go tracks. Go tracks.
Holy shit.
Come on.
Yes. Yes. Yes. We go tracks. Track tracks. Holy shit. Holy shit. Come on. Yes.
Come on.
Yes.
Yes.
Yes.
Yes.
We're back.
We're back.
We're so fucking back.
We're so back.
We're so fucking back.
Remind me that you have another run after that.
Oh, my God.
He says I'm out.
He's out.
All right.
Let's cash him out.
So 650.
Congratulations.
Oh, it's not a bad cash out. He would have. Congratulations. Oh, that's not a bad cash out.
He would have made $9.25 max.
That's actually a great cash out.
$6.50. So you're already at $11.50
for the day, Krylox. Now, do you want us to go
straight to the tracks here or what?
Dope win. Dope win. Congratulations.
You already made $1,000. $1,100 bucks.
There you go. So you get another run.
Go for it. To the tracks?
All right. All right, Krylox. Let's go.
Let's go.
Let's go.
Let's go.
Let's go.
Let's go.
Let me put the music on for the spaces.
All right.
At 250.
Boom.
Let's go.
Straight to the tracks.
To the tracks.
To the tracks.
To the.
Jesus Christ.
All right.
Fuck this.
Wow.
Well, there's that.
Well, that's all she wrote.
That's 11. 1150. Not bad. Not bad. Well, Cry's that. Well, that's all she wrote. That's 11.
11.50.
Not bad.
Not bad.
Well, Krylox then.
What a sharp better.
You know, decided to call it when it was almost time to call it.
That's that.
Well, Tyler, I'll see you tomorrow morning, 10 a.m.
Eastern, 10 at the time for the episode of FOMO Hour on ROG Radio.
Let's go. Thank you. .
