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FOMO HOUR: Crypto Weekend Rally and Robinhood Predictions
Recorded: June 30, 2025 Duration: 0:51:18Space Recording
Short Summary
In today's FOMO Hour, the crypto community buzzes with excitement over the launch of GrindCoin, a new token backed by a partnership with Marriott, and Tom Lee's ambitious plans for Ethereum. Additionally, potential tax breaks for crypto transactions are on the horizon, signaling a bullish trend for the industry.
Full Transcription
Thank you. GM GM everyone.
Thank you for joining us here this morning.
We're going to start the show in just a minute.
We're getting our speakers up on stage.
While we wait, a couple shout outs.
Who we got?
Mark, Joe B, CJ, Harry Krishna, GM, GM, Buccio, McNutt,
the homies, GM, Crypto Queen, Satz Moon, Goku.
All right.
Thanks for joining us here.
Who else?
We got Mary Askin.
Mary up on stage.
DGEN's live.
All right.
All right.
I think we've got a full house.
Sims whenever you're ready.
Let's kick it. Thank you. Good morning, everyone, and welcome to another episode of FOMO Hour.
Today is Monday, June 30th, 2025.
Folks, joyful June is coming to an end.
Well, it's a bit of a rocky month there, at least in the middle, but ending on a somewhat joyful note.
Trump saying he's going to print baby print.
Stocks are finding new all-time highs.
Crypto is grinding up.
Now we're wondering, are we set up for a jubilant July?
We're going to break it all down on today's show. We got Farouk back in the house.
Mando's in the house. Boys, GM, how you doing?
GM, man.
GM, miss you guys.
Yeah, good to have you back.
Good to have you back.
Where are you now?
My body's back.
My soul stay in Ibiza.
But it'll be back together, I promise you, in a few days.
I'm in Cannes right now.
I had to stop by for ECC.
I had a couple meetings this morning,
this afternoon, tomorrow morning,
and then we go back home.
But I have to tell you,
going from a week in Ibiza
straight into a conference
is something else.
A week in Ibiza is a long time.
Yeah.
I'm impressed by my. Yeah. I'm impressed
by my skills here.
I'm not going to lie.
I am curious
for the vibes.
Going from my beat
to Cannes
doesn't sound like
the worst thing.
No, exactly.
I have to say
I was slightly lost
this morning.
I was like,
you know what?
There's worse things.
There's definitely worse things.
But going back
into the whole
shooting videos,
doing interviews,
meeting people, having to entertain, it's always a little tough but we're here and we're back a foam hour baby let's go maybe the vibes and can will help carry you a bit there's a
a lot of uh big news expected we've also got some big news out of ethereum this week this morning
we'll get into it on today's show so folks what, what are we talking about? We're going to start with Mando's market report.
We've got stocks again at all-time highs. Some talk about these
big, beautiful bill amendments. U.S.-Canada trade talks back on the table.
We've got a new micro-strategy of ETH from Tom Lee. Robinhood.
Big event right after the show in 15 minutes to
catch a token. What is that going to be?
We've got PumpFun 2.0.
No one even talking about it.
What's going on with PumpFun?
The latest in corporate treasuries.
Yeet hitting 200 million.
Quick shout out to Yeet.
Huge milestone there.
We've got an announcement at CrossFit.
They're partnering with Jason.
Oh, wow.
I didn't even see that.
What was the total?
9.97 million.
Damn.
That's a day.
That is a good – especially during summer.
We thought it would take a much longer.
We normally average like two to three a day.
And Sunday was a big day.
Yeah, big summer too. That's crazy because i'm a gambler and i don't think
about gambling on a sunday in july or two or whatever that's impressive yeah yeah big big
sunday for everyone people are going for it well you love to see it um and then folks also second
half of the show we've got ponds coming on, talking about his GrindCoin launch and a little partnership with Marriott
that we'll get into the details about.
So we're excited for that back half of the show.
Before we dive in, shout out to our partners starting with Wallet Connect.
Wallet Connect is the connectivity network shaping the future of on-chain UX.
If you've connected to a Web3 app, you've seen Wallet Connect.
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And I kind of trust in crypto as recognizable as Visa at the checkout.
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And folks,
also big news out of our partner Kraken.
X stocks,
their tokenized stocks are live today.
They're going to have 60 U.S.
equities going live for trading 24 hours a day,
five days a week,
starting with majors like Coinbase and the videos are cracking that they've
been pushing forward these last few weeks.
Happy to be partnering with them as always.
All right, Mando, if you're ready, let's get into it.
GM, everyone. Can you dig it?
GM, everyone.
So I would say it was just like a mixed weekend.
Yesterday evening, it felt like we were about to fully send.
And then kind of just stopped in its tracks, really. I think ETH has got this pull back at 2,450 or 2,500.
It's been around that area for ages.
Bitcoin has also kind of been hanging out.
Apart from this one dip, we're kind of just hanging out at this level.
We've been hanging out for a while.
Solana have been outperforming slightly, but that kind of reversed today.
And actually, Solana kind of unchanged as well, man. It is, that is a, that is a boring weekend.
Um, really there, isn't it?
Hyperliquid, I would say, is the only one that's been out before.
And that went back up to 40.
Um, yeah, so it's, it's a decent, it's a decent, uh, day as, as in it's not horrific.
We've just kind of been going sideways, it feels like.
In terms of macro, I think we have a quiet week.
Is the US holiday again this week?
Is that right?
On Friday.
On Friday, yeah.
So thank you for understanding.
So I think a lot of people take this week off as well.
So I don't know.
Sometimes that means more volatility.
Sometimes that means less.
It's 4th of July, right?
So I think that's going to be, yeah, I don't know.
Crypto, in terms of the headlines that you mentioned,
are the big ones, right?
I don't really feel like there's much going on in altcoins or majors.
It's just like what's going on in the stocks
of those coins or stocks
related to that coin. So this
new vehicle for Tom Lee
has been
launching for ETH. There's a lot of
chatter about this Robinhood. Obviously,
Robinhood announcement is happening at
ETHCC with Vitalik
and I believe the
Offchain Labs CEO founder.
So it's highly likely that it's going to be some form of arbitral ML3,
very similar to kind of how Hyperliquid first came to being.
And it feels as though it may be to do with tokenized equities,
of which we have seen several different forays into in just the last few days right like
this is now the thing it seems it seems as though people feel comfortable about doing this particularly
outside of the US this looks like it's going to be launched in Europe and then that that creates
like a sandbox to see if it will be allowed from a regulatory standpoint in the US. So this is now forming a bit of the bull case now for some of these L1s
that you'll start to see major trading venues move some of their operations on chain.
This is just the beginning of that, I think.
And hopefully that extends from here.
Obviously, BlackRock have been talking about this for a long time.
But now to see big exchanges like Robinhood do this,
you're starting to see the crypto exchanges feel more like stock exchanges and the stock exchanges stock apps feel more like crypto exchanges so I expect this to be a medium
term trend the big one that we haven't anything from yet is Binance but they will have something
there is no doubt in my mind that Binance
are going to make a very big announcement
in the coming
weeks, months about
what they think they can do here
in all the different
geographies, it'll be interesting to see if they do
it on BNB or not but
maybe they do, maybe they don't
it feels like they probably should if they're
going to support it but maybe they'll support various different chains for people buying.
But yeah, this has now become the trend.
Treasuries plus stuff moving on chain.
We haven't seen that much of a move.
Despite crypto stocks feeling hot kind of throughout the board,
I haven't really seen much, to be honest.
It's been maybe a little bit surprising I haven't really seen much to be honest. Uh,
it's been maybe a little bit surprising.
We haven't,
we haven't kicked on from here.
We had a bit of a rally in alt coins over the weekend.
It felt like more squeezy.
I would say again than anything.
maybe there was some calls for like,
again,
like the Solana and hype to,
to move on higher.
But other than that,
it wasn't like,
I don't think people are rushing in to buy
some of the big gainers over the weekend.
It just felt like they'd been beaten down a lot
and now they're rallying.
Part of it was like this arbitrary move,
potentially by Robinhood,
is being viewed as like a move
that could unlock L2s a bit.
So there's a bit of that being spoken about, right?
Like, oh, maybe modular's back.
Maybe these apps will prefer to have L2s,
which they can have some control over and control the fees of.
So maybe we see a bit of a return to that as like a theme.
But other than that solano had actually
been outperforming on kind of the l1s and hyperliquid had too so i i don't completely buy
into into that narrative uh just yet rekt got a binance alpha listing um that was a huge bit of
news that i saw uh got dumped and then completely V-shaped the
move, which is nice to see.
You love to see that.
Classic.
CZ in shambles.
CZ in absolute shambles.
There's a new trillionaire, right?
This guy just bought up a trillion coins, right?
Didn't get us this time, CZ.
That's nice to see.
That's a nice looking chart dude that's a great recovery
I actually feel scared about that chart
went straight down and then straight back up
can I just quickly jump in I had a few people chirping me
in my replies because I posted the
on Binance Alpha
and the chart is Rekt too.
And they had a solid two hours to celebrate their Rekt sell-off
before it came marching right back to where it was.
I saw the new joiner announcement.
If people aren't following, I know it's hard with the unit bias on this.
To be a joiner is like $200,000, $250,000.
So that's a sizable buy-in from this fellow.
So he's drinking the direct Kool-Aid for sure.
There's a lot of directions we can go.
A lot happening.
We don't have the news on Solana yet,
but perhaps some of the speculation,
maybe driving some of the price action is chatter about staking ETF this
week.
This week.
And it's Jason safe too.
And he doesn't just talk to talk when he gets says that his confidence level
is high.
So that's a big one.
Cause when the Ethereum ETFs came out, staking was illegal.
And well, by the way, which this is bullies for Ethereum, because it means Ethereum is
going to get it too, right?
But Solana's staking ETF is no joke, guys.
And we know it's had a lot of fun and self-pressure from the onlocks in the last recent months.
And then the whole blow off the top of Libra and the death of the trenches.
So I don't
know man i tweeted about this last week i think at least solana sees an all-time high again this
year and i wouldn't be surprised guys there's a lot of positive momentum around it again right now
i don't know what you guys think but it's looking good i think staking etf is we've spoken about a
few times in the show this is the exact company I thought would be,
would get it.
So this wreck shares,
this is the one that they've been speaking about for a month.
So there was some talk that come in June.
It looks like it's now going to come in July.
Remember we've been talking about it for a while,
right?
It was 50,
50 and then it may come.
It may not come.
I'm just looking at it now.
So it's now 75 75 chance this will happen by the end of july so it looks it looks likely that it will come and obviously yeah
this will now unlock um any staking as well but by a similar vein it seems like these guys did it
in a slightly different way to some of the others but but it seems like we're going to get all of them now. So I think what you'll see is
all the current ETFs for ETH will apply for an S1 to convert to being staking now.
And you may see BlackRock. The main thing here would be if BlackRock decide to do a Solana ETF
on the back of this sort of headline.
If they do, it's bullish.
If they don't, I would say it's maybe slightly –
it's not bearish.
It means that they think it's going to take a little bit more time
to get like sold demand.
Do we think this is
sell the news for Solana
if it happens this week?
I mean, you're not going to see, who is
Rex Shares? Like, this
is not a big, Rex Osprey is not
some big fund manager,
right? So like, don't expect to see
billions go into Rex Osprey's
ETF. It's like when Canary files
for these altcoin ETFs.
I keep on telling Ovi not to
file for these altcoin ETFs and he keeps on
coming back and doing it.
But these are not
big ETF providers.
You want the big guys.
You want the Fidelity, BlackRock,
Franklin, Templeton,
Bitwise, yeah, VanEck.
These are the guys that you want to really
take this over the line.
Yeah.
It'll be big for Solana.
It feels bigger for ETH,
especially if the existing ETFs,
if they're able to unlock that.
Feels like something that could unleash the next level of inflows.
So that's a big one to watch.
There's a lot of ETH announcements.
So Robinhood, you talked about it, but just quickly,
people think it's going to be tokenized stocks on an Arbitrum L3,
so EVM chain.
They are bringing vlad uh
vlad 10 ceo robin is bringing in the talik for the conversation today um so it feels like it's
a pretty big deal um yeah curious for your reactions takeaways to the tokenized stocks
clearly a huge trend um as you mentioned, is this going to be,
I mean,
is this a major new use case for crypto?
Do you think this is going to be widely used?
Curious if you have any reactions
to just this broader trend here.
I think it's just super interesting
that Vitalik's on stage with Robinhood.
This is a guy who's not really
that commercially focused
or hasn't been for a long time.
When are you getting,
when you're getting Vitalik on stage with anyone,
corporate or trading,
the guy cares about nation states and better governance and social,
social goods, right?
This, I think this,
this is a shift in perception, I think is the main thing that's what i would call
that what do we think it is like i i genuinely believe so we for sure know there's someone so
oh it's aj sick i love aj he's a good friend uh we talk to you a lot uh i it's got to be an
arbitrary morbid chain like like an L3.
And then what would you do on there is probably trade, tokenize stocks.
Do we think it's – we know arbitrary is big on the rewarding
and rewards program stuff.
I think they've talked about this a few times.
I'm going to be suppressed in arbitrary morbid chain, so an L3,
technically speaking, with like a HUD token that is as a reward token
for what it's worth which powers that and goes back to the user so like by trading on chain
socks you get rewarded hood uh so i think something like that like i wouldn't be surprised at all
i mean because what else what would often allows you on that stage
yeah i think it has to be something with Arbitrum, right?
I am curious if there's another twist with Vitalik being on stage,
just because that does feel like a big deal or perhaps another announcement coming.
So I think there's going to be a lot of eyes on that, certainly, after the show here today.
So tune into that right after FOMO Hour if you are interested in learning more.
And the other big headline from Ethereum, Mando went there, but I think we got to spend another minute or two.
Tom Lee, infamous crypto bull, perhaps more bullish than Faroq even,
is now the chairman of the board of directors
of this Bitcoin miner, Bitmine Emerging Technologies.
They announced a $250 million raise
to build a corporate treasury around ETH.
And they've kind of come out and said their stated goal
to create the micro strategy of Ethereum.
I was looking at the stock.
I think unsurprisingly, that stock,
oh, it's up 300% today.
So once again, if you're able to catch wind
of these corporate treasury announcements,
the move is to buy that stock early.
Granted, the market cap's still only 83 million.
So kind of a micro cap in the grand scheme of things.
Curious if you guys
have a reaction to this and also what it might mean
for our SBET stock.
So are we
a little competition for
Joe Lubin here and perhaps the company
is trying to be micro strategy
of Ethereum. Are we going to have two?
SBET actually is selling off a bit today.
Oh, that's
the worry, right?
That they somehow
dropped the ball with how the financing
was done.
I don't know.
I said this already last week,
but if you're listening, you need
to get a long-term line
of credit now
to buy ETH. Because I think no one trusts the long-term line of credit now to buy ETH.
Because I think no one trusts the short-term capital raises
that they're potentially going to do
because they think that everyone's about to dump all their shares.
So let's take a look at this.
So Sharplank is trading at $580 million.
They've already bought, I think,
somewhere between $420 million and $500 million worth of Ethereum.
That is crazy. They're trading at like 30% premium, roughly. I think $420 and $500 million worth of Ethereum. That is crazy.
They're trading at like 30% premium roughly.
I think $420 million.
Bitminer?
They haven't made any purchases,
but they've announced their plans to raise $250 million.
They're trading at $83.
Is this not a slam dunk to three X from here?
am I thinking about this wrong?
They just announced plans to,
to build a $250 million ether treasury.
Something to take a look at.
It's up for grabs really,
right?
Like it depends who's going to do it.
See if we can learn a little more.
The best.
Well, I guess the only question is if,
well, if they execute the 250 million,
the company should be worth at least that,
unless you think they're going to trade at a discount.
And so far we haven't seen too many traded discounts,
at least early on.
So I guess it's a matter of how quickly you think they were going to be able to pull that off.
I'm not sure if we've got more details on their plans in this announcement,
but that is certainly one to watch.
And now just another crypto stock to add to that stock watch list as folks have more alternatives to investing
beyond our beloved alternative cryptocurrencies. So we will continue to track this one as well.
I wrote about this on the newsletter. I don't know if I've got the link pulled up,
but this other financial advisor, Rick Edelman, I don't know if if you guys saw this i read a lot about this apparently being like a really
big deal mando like all these guys are tripping like nature rossi jc bro kunas saying that this
is arguably one of the biggest signals there's been but i don't know really that guy is personally he's just like a edelman is is like a um is a
there's a brokerage firm right um
i think he's just like a very i mean he was never in the world of that i used to follow but
as we spoke about before with like these ets slash wealth manager investors, there's like a few very
key people that can, that they give you
your
fund or your
stock a good rating, like
it's massive. So
he's just like a
this is quite a big
shift.
It will basically just mean that a decent
amount of wealth advisors
slash ETF, traditional ETF buyers
now come in to buy it. Yeah, I think that's the
takeaway, right? So this guy, Rick Edelman,
he's been doing this for 40 years.
He's got $300 billion assets under management,
$1.3 million client,
$1.3 million clients, and
also just a very well-respected
opinion. And I think one thing
I've learned about money managers is they like to,
they don't like to take big risks.
They like to be able to point to something in their decision-making.
And now, these are the biggest numbers I've seen.
So he's recommending 10% to 40%, 10% crypto for conservative, 25% moderate, 40% for aggressive.
He's saying the 60-40 stock bond model is just dead forever.
Basically saying crypto has outperformed for so long that it is irresponsible to ignore it at this point in time.
I think he also goes on to talk about what he's interested in.
Basically, it's Bitcoin, Ethereum, and then the Bitwise top 10 ETF,
which is also notably 70% Bitcoin and ETH.
So overall, his exposure beyond Bitcoin,
ETH are probably 90% or more.
I don't think that would come as a huge surprise.
I don't think we really know the split there.
I would imagine it's still fairly heavy Bitcoin in that mix.
Perhaps it's market cap weighted.
But huge signal here. Bitcoin in that mix, perhaps it's market cap weighted.
But huge signal here.
And I think we're just starting to see this wave,
the wave of financial investors putting their clients' portfolios into crypto.
So this is a big one to see as well.
Maybe we'll quickly go down the risk curve because I think we've got pawns on with us.
In meme coins, this useless token,
Bunk Guy was right.
Bunk Guy was right once again. This was the easiest 10 to 20x on the board
in the meme space. It was
just kind of there for the taking.
And it feels like a lot of folks are sidelined
on this one, myself included.
So this was trading
10 million back on June 8th.
So three weeks.
This is crazy.
Three weeks, 20X.
And it looks like it's just grinding up.
So there aren't a whole lot of sellers on this thing just yet.
I was curious how high he'd be able to take this one,
especially because he'd been kind of, he'd been dabbling in the meme coin space.
He'd been recommending kind of a lot of coins.
At one point we talked about the block guy list and there was like 10 on there.
The rest of those, he's like kind of abandoned and they're not doing as well.
Um, he seems to be throwing his full force behind this one.
Um, but it's wild, dude. $200 million. Well, he seems to be throwing his full force behind this one.
It's wild, dude.
$200 million.
It's doing quite well.
It was a nice little rebound kind of across the board for some of the leading memes so far going back over $1.10.
I think it hit like $1.15 or so.
SBX back to $1.30.
So the leader's doing quite well.30. So the leaders doing quite well.
And then Pingu finally caught the bid as well here.
I'm seeing a lot of people tweet about Pingu these days.
It is very.
It's definitely out there.
It's big mind share for sure.
It's up 76, 57% on the week.
And last week was huge, right?
We had the Pudgy at the ringing the bell at NASDAQ.
And then we had the ETF announcement.
And neither of those announcements or events really moved the needle right away.
But then we saw the bid a bit delayed.
What's interesting, I think, about Pingu, is is it still 300 off all-time high
i mean 3x move they have launched right like i i don't know where we really pinpoint all-time
high for pingu because it launched in like a weird environment and it just went straight down right
so that's do you count do you count all-time high as it open like three bit like what's your all-time
high for pingu uh i wouldn't sound kind of that opening day but like here january 6th has been trading for a few weeks uh let's see what the market cap
was so it was 2.8 billion so that's yeah three and a half from here yeah yeah it's probably
gonna run it back and it feels like a lot more folks are perhaps out of position
for a potential leg up here on this one as well.
Wouldn't be surprised to see it run back, to be honest.
Guys, I think...
We're so bullish, fuck.
I'm always bullish, though.
Well, we haven't talked about it is major.
So the other big thing that happened this weekend I'm always bullish, though. Well, we haven't talked about it is major.
So the other big thing that happened this weekend was this message out of Trump.
I'm not sure if you saw this, but basically he sent this note out from True Social for cost-cutting Republicans.
Remember, you still have to get reelected.
Don't go too crazy. This is talking about how they're kind of going through and breaking down the big, beautiful bill and where they want to perhaps take things out and make changes.
And basically the last sentence, we will make up for it with growth.
So basically saying we're going to print money, but then we're going to try to grow our way out of it as we inflate our dollars. And folks think this is bullish stocks, bullish Bitcoin, crypto as well has been the takeaway from this one so far.
I think this is arguably one of the bigger macro headlines to watch this week is what happens with the bill.
I think Bessett came out and said.
Bessett today.
He said it's going to pass.
There's some rumors that they may get tax breaks for crypto in this bill.
What I saw in Dennis Porter is lobbying for this.
This is their own link.
Is they're looking for two things.
This de minimis exemption.
So basically any transaction under $600 is tax free.
And then they want to end double taxation on mining and staking. Those are the two big ones. I've seen rumors of perhaps more,
but with the less than $600, what you're enabling there is to be able to use crypto as currency,
to be able to go buy your cup of coffee with Bitcoin without getting taxed on it.
I think that seems somewhat likely to pass.
I think
a broad sweeping
no tax,
no capital gains tax on crypto, I think
feels much harder.
So I wouldn't necessarily
conflate that.
He said a lot of things today. 25 minutes
ago, Treasury Secretary best and says crypto stable
legislation could be finalized by mid july so there's that and then he also talked about how
they could be looking for replacement for jerome powell in the coming weeks too late jerome powell
yeah trump was uh trump was going off about rates all weekend.
He was saying that we should be down to 1% or 2%.
Yeah, so it looks like that's jubilant July.
It's right around the corner, baby.
That's a replacement for next year.
It's not a replacement for this year.
Right.
I know, but it's just a headline thing.
You know how it works.
You know the game.
You know the game.
I don't know, guys.
I was away all week, and all I could see was, like, banger after banger headline on my phone.
I was like, I'm going to put it away.
It's too much.
I'm confident about the second half of the year.
I don't know about you guys.
How do you feel about H2?
Today's Monday.
Tomorrow's 1st of July.
We just finished another quarter.
We know Q3, Q4 are strong ones.
You know?
No, no, no.
H2 is looking good.
H2 is looking good.
I think Q3 is looking good.
I like...
I've got the summer 2021 vibes going.
Explosive July and August.
That's what our beloved M2 chart says.
Oh, how's the M2 chart doing? I haven't looked at that
in the week. Let's pull it up.
Happy you asked.
Also, how's the
CryptoPunk Bitcoin spread?
That's one I haven't looked at. I haven't looked at shit
for a week. Hold on. I'll look at that
while you pulled the M2. See you, Mando.
We'll have one pawns on here in a second.
We're lagging. We're lagging, Froak.
The M2 says we should be at 125
by now.
Oh, it's not bad.
We're well below.
It's not bad.
It's not bad.
It's not bad.
It's not that bad.
If we continue to lag through July and August,
I think we'll stop.
People may stop referencing the chart quite,
quite as much.
Delica max.
Isn't Q3 when we would get to 18 months post last having should start to
pump.
Yeah.
That is correct.
what's the having chart too.
That's it.
I like that chart.
Cause I'm a big cycle guy.
I'm a big, big cycle guy.
Yeah, I don't have that one handy.
Actually, Shamath was talking about that.
I think on All In on Friday,
he actually was talking about the bull case
for Bitcoin to 500K this cycle.
Interesting.
Basically, all he did was take a look
at the average returns from the halving uh, basically all he did was take a look at,
the average returns from the having from the past two cycles and he applied it.
And that's how it got to 500k.
So not,
not the most exact math by any means.
And I think you can make an argument for diminishing returns.
but,
but still,
more folks giving up their,
their bull targets.
So we'll certainly see see i know we've got
uh ponds ponds on with us uh so maybe we can get them up on stage i know let me get him up things
are it's it's a time sensitive day we've got a launch coming up uh very shortly ponds GM, how you doing? Yeah, good. Yeah, just launching 20-something minutes.
I'm a glutton for punishment, so peak chaos here.
Yeah, first, we appreciate you coming on.
So close to launch, so thank you for that.
Well, I'm not a dev, so I can't do anything anyway.
So whatever happens, happens now at this point.
So tell us about it.
So what is launching today?
GrindCoin?
Maybe give our listeners a little bit more info.
Yeah, GrindCoin's launching today,
and it's something we've been working on for a long time.
In fact, when I first started talking about it,
I talked to Farouk about it shortly after the 2024 NFT Paris.
That's how long we've been working on it.
Yeah.
Finally coming to fruition.
We've done a lot of...
We chose Abstract for a lot of reasons.
The way that we've distributed the token to 24,
25 plus communities, including very ads communities that get some.
We're excited.
You never know. As you guys well know, you never know what's going to happen on launch day, but it's, um, yeah, we're excited. You know, you never know, as you guys, uh, well know, you never know what's going to
happen on launch day, but either way we're going to have fun and it's just a point in
time.
We're here for the long run and, and, uh, very excited about Brian as an attention token
in the abstract ecosystem.
All right.
So I was going to ask next, like what, what is it?
So it's an attention token.
Could you maybe give us a little bit more info?
Yeah. I'm going to ask next, what is it? So it's an attention token. Could you maybe give us a little bit more info? Yeah, I mean, obviously it's a meme coin.
You can label them different things.
But for me, what Grind will do for the holders in the abstract ecosystem is give them leverage.
So you've got, well, we'll start out with anywhere from 8,000 to 10,000 holders,
depending how many claim and how many buy at the beginning.
All on abstract.
I've already got platforms and games lined up that want these guys to participate.
And so it's just like the strengths you see within NFT communities.
When somebody wants their attention, they give them stuff.
And I believe that Grind can be utilized for that.
And actually, I'm working on things that we'll use grind for as well.
For that purpose.
Because the grind community is going to be,
it's going to dominate abstract.
That's our goal.
I'm curious.
Why did you decide to go with abstract on that?
I, you know,
I'm a big fan of the abstract team and Luca, of course.
And, you know, there's going to be a million chains.
There already are a million chains.
I think that abstract has a great shot at being the consumer chain because of just the
Luca and his team's ability to execute the connections he has, the devs that are part
of the team.
So for me, of course, everybody told me to do it on soul.
That's that's the common, you know, that's the common advice that you get.
But we've all seen those charts. They all have the same story for the most part.
And so to go somewhere just because that's where, quote unquote, the liquidity is didn't make a lot of sense to me.
I wanted to go where the users are and the people are participating and liquidity will come
over time. There'll be liquidity comes today for this launch.
Well, I can't argue with that. I'm bullish on abstract for similar reasons and decision. I mean,
Solana is crowded. It's also kind of going the wrong direction right now from a momentum perspective.
So I think the choice for Abstract, certainly a nice little differentiator.
Yeah, and we chose Abstract before it launched.
So I talked to Luca about it in fourth quarter last year.
So we already made that decision.
And we've been waiting for it to build itself out like they've done.
And, and I think it's actually very, very great timing today.
Usually when I launch something, it's not great timing.
That's what I was going to ask next is you've been working on this for so long.
Like, was it always,
how long has it been the plan to try to launch in June, 2025?
It's been the plan I was going to launch in June since May.
That's how these things go.
Yeah.
I think originally we thought we were going to launch in February,
and we didn't for different reasons.
We were actually going to launch last Monday.
And, you know, since bombs started flying in, you know, last Friday, we're like, yeah, we're not going to do it on Monday.
So we pushed it to this Monday.
Got it.
Well, the timing is going to be just fine.
We're heading into the end of joyful June, perhaps jubilant July.
I think a lot of people are starting to maybe pay a little more attention.
I think I see a little more bullish energy on the timeline.
So it's a nice little backdrop here today.
I think the other part of this announcement is a potential partnership with
Myriad.
Oh, yeah.
So should we learn a little bit more about that?
And for a couple of years,
if that's you or if that's ponds kind
of taking us through i can i can i can tap into that i mean as you guys know on the mirror and
obviously ponds too but uh as you guys know on the mirror outside you know a good way to grow is
to partner with communities um our first one was pudgy penguins when we launched the beta version
of of mirrored markets back in the first week of december at our basel where we had pudgy
penguins committee contents, right?
We gave away to little pudgies and a bunch of other stuff
So you guys were able to participate and pitch your penguin specific markets like well
With the floor price of low pudgies a big pudgy this that so a lot of fun
And a lot of people liked it the second to me we did that with was wrecked
So again, you guys were able to partake in that market and earned some wrecked token for being in the leaderboard.
And then we did a partner one with our favorite partners, Wallet Connect, who sponsored our show as well.
So we did that for a few months and we gave away, what, 100 grand, I think, in the end, which was super cool.
And now the next one we're doing it with is The that is the plague obviously you know great community uh that's extremely active we we obviously like to select
communities that we think are active enough and still alive and well and out of all the nft
communities that started back in 21 you know uh i think the plague is still to this date to be
honest one of the one of the more uh more active ones so you guys will see that popular soon i was
in the myriad business Review call this morning.
I wrote my call this morning and I heard all about it.
So that should be live shortly after the show.
Similar way, like I said, to Rekt, Penge Penguin, sorry, and Rekt where you'll be able to do that.
But not only that, there's also going to be a claim.
So I still have my frog.
I don't know about you guys, but if you still have the Plague NFT, your frog,
you'll be able to claim Myriad points, which, you know, power you.
I would definitely start tapping into Myriad and accumulating these points.
Same thing for Faces of Web 3, which, of course, we never leave behind,
which was our Rug Radio PFP that launched back in 2022 or 3.
I actually forget now, man.
Time is so crazy.
So, and on top of that, on top of that,
Pawns and this team are granting us an allocation of a hundred million
grind tokens to give away to prediction market participants via the events
leaderboard.
So short story long, you have a plague frog you're going to
be able to claim some points right away you have a face of web 3 you can claim points right away
and then for participating you can earn points but also up to 100 million grind tokens that we're
going to give away in the in uh in the predictions so it's going to last two weeks and we're going
to have about eight to ten markets
uh incoming so it should be a lot of fun uh if you're a myriad markets uh participants so
make sure you share make sure you partake today and it's gonna be good and good luck
to all the participants we always have about like 20 to 40 000 people that like to partake in those
it's always good but yeah pons i don't know if you want to double down here but that's kind of the
the tl dr of what's going on today.
No, yeah, we appreciate you guys,
including us.
Looking forward to seeing it all take place.
And yeah, I'm happy to give away those prizes
and I'm looking forward to seeing what the bets are, actually.
That's going to be our predictions.
I'm looking forward to seeing what people predict.
Me too.
I'm going to play myself.
I think these partner markets are always a lot of fun and it's also a nice way for folks who maybe are a little newer to prediction markets maybe don't have as much capital to put up to risk
you know you can use points uh so it's it's lower risk kind of risk free right and you can get your
feet wet use the platform and if you are part of the
plague, I know this ecosystem, you should probably have a leg up too on some of these markets,
betting against folks who may not have all the backstory and back knowledge that you have.
Well, our last section of this conversation, Pons, I know you've been, you are a very busy man
because it's not just GrindCoin that you've been working on.
And I don't know how much detail we can get into today, but the other project you've been working on has been catching a whole lot of attention on the timeline.
ZEAT. Am I saying it correctly?
Yeah, you're saying it correctly. ZEAT. Yeah.
Although I've seen some people say XEAT, which I think is funny too.
You can play it both ways, but ZEAT is how we pronounce it.
So you are stepping into the InfoFi game to a degree.
Yeah.
We almost didn't call it InfoFi because there's going to be a lot of differences between what we're used to seeing with InfoFi and today and what we're doing.
But obviously that's a big part of it.
And it's much harder to try and explain what you're doing
plus what a new quote unquote meta would be.
So we just stuck with InfoFi.
But there's one of those things where this is actually,
let me take a step back.
This is something I've been thinking about since 2022.
We actually launched what I called back then an earn to earn NFT, which was a terrible name at the time, but I thought it was fun and cool then. But looking back on it, it's a bad name.
Be very similar to what you see in InfoFi today.
But it failed.
We got rugged by our devs and a couple other reasons.
It would have failed anyways just because it wasn't going to be well executed based on what I know now.
But what we see with InfoFi, I think the narratives on the timeline are all pretty solid as far as people complaining about the slop and only a select few people that
are benefiting from it. We think we have a solution to those problems. We think we have a
strategy that's going to align incentives between the businesses, the KOLs, the KOLs holders,
and the consumers of the business's product,
which is ultimately what, if I'm a business,
I'm paying whatever six figures to have awareness of my brand.
Awareness is great, but if nobody's using it,
it doesn't matter in the end.
So we have a strategy that kind of brings all those share or stakeholders
together.
And we think we will be able to align incentives so that we can execute
InfoFi better than the platforms that are doing it now. folders together and we think we will be able to align incentives so that we can execute info
five better than the platforms that are doing it now well i certainly think there is a lot of
appetite for this and i think you nailed the the criticism um i feel like info five itself is
starting to have kind of a negative connotation but yeah and i think it's it is yeah it is well
you know people are lumping in like loudio and some of these others as InfoFi.
Those weren't InfoFi.
They just happened to launch using an InfoFi technique.
Those weren't InfoFi platforms.
So, yeah, it is.
So we make change.
Once we launch everything, everybody sees what we're doing.
We might change what we call it.
But it's much easier just to say it's InfoFi now and then move forward.
Yeah, everyone knows what it is um but i've always
been in the camp that like conceptually this space makes sense we all show up we're in this niche
crypto twitter we come and show up to this app every day um it makes sense that people are
talking about protocols i think we just want them guess, talking about them for the right reasons and with some months of quality, right?
And not just total AI slop, which I think is the casual criticism of it these days.
Yeah, and ultimately, if it's just the same people talking about different things and nobody's ever using them um it doesn't really
accomplish much and and again when you're when you're only focused on 100 winners um you're
gonna have a lot of dissatisfied participants pretty quickly and we're seeing that play out
on the timeline definitely yeah that's really cool i can't wait to see what you do with that
anyways we're gonna let you go because i know you have something to launch in nine minutes uh so so good luck with
that uh you know and um and i can't wait for you guys all to see the plague and myriad markets
that's going to come out too hopefully you'll participate but ponds thank you so much for
coming today and excited to see what you got going on. Thanks guys. Appreciate you having me. Have a great day. Peace out.
All right.
All right.
Last thing.
If you're in Cannes,
if you're in France,
if you're in France,
if you're in France,
we have a little event for you.
I thought it today.
I was like,
fuck yeah.
So we have an event for you guys.
Pango and Alice's Beach Fest.
Tuesday,
July 1st is tomorrow, 19 p.m.
At 19.00, it's at 7 p.m. CET.
If you're in, can.
I just retweeted it, but it's also on Rug Radio's Twitter page, R-U-G-R-A-D-I-O.
We have a beach fest happening at the Copa Beach Club.
We have a beach fest happening at the Copa Beach Club.
It's for M&A landholders, Pudgy Penguin holders, Maxi Venture VIPs, and a bunch of friends, etc.
The Crypt Media and Rug Radio will be media partners for the event.
So make sure that if you're in Cannes for EFCC, you tap in to the event.
It's going to be a banger.
It's going to be a good one.
And I'll be around.
So come say hi. Come say what up anyways that's that tyler i can't wait for robin hood news honestly i'm
excited but they kind of got front ran by all these whale watchers right saying yeah stocks
launching yeah i think it got front ran a little bit so maybe a bit of a letdown if that's just
what the announcement is um but still exciting to hear it.
Yeah, excited to hear it.
They're like,
so I saw a bunch of people in the city walking around
with the badges.
So Robinhood is fully
like the main sponsor of ECC.
Wow.
Yeah, yeah.
The badges say like Robinhood,
like on all of them.
So Robinhood is like all in, dude.
What a pivot.
Their stock's pumping today too.
Market likes it.
They're up 7%.
Dude, the hood is?
I wish I had stocks, but hood is like, I don't know, feels to me like one of the best bets.
Well, guess what?
It's going to be a lot easier for you to buy tokenized stocks here in the very near future.
I'm waiting for that.
I'm excited for that.
Anyways, Mr. T,
I'll see you guys on Wednesday.
I have a MetaMask event tomorrow.
Can't wait.
Can't wait to be back.
And we'll see y'all.
I mean,
Tyler and Amanda will see you all tomorrow morning.
Yep.
10 a.m. ET.
Another episode for my hour on Rock Radio.
Thank you all for joining us.
Have a beautiful day.
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