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FOMO HOUR: Daily News, Markets (Macro + Crypto) and More
Recorded: April 22, 2025 Duration: 0:57:09Space Recording
Short Summary
Bitcoin surges past $90,000 as institutional interest grows, with significant developments in partnerships and fundraising efforts across the crypto landscape. Major players like Circle and Coinbase are pursuing banking charters, while innovative projects like Tau are making waves in the AI crypto sector.
Full Transcription
Thank you. You
Unmute
And then we just need to add FOMO and what's up y'all can you hear me? Yeah, you can perfect perfect hopefully today the
Spaces once I think yesterday I was in on the Wi-Fi and kind of cut
So today should be better
What's up, what's up, what's up, I don't see. I don't see the pages yet sims if you're trying to join
but I or you I'm not seeing the
accounts
Join the state. Okay. There it is. Took a second. Oh
What's up? Yo, what up Foxy? What up sassmone? What's up elder? What's up? 3113 you how what up?
What up Zanzibar 884 pour you what up flow or the flow blockchain
is listening to this show what up flow blockchain you should sponsor us
i i saw the head today they should sponsor us what's up mc what's up mcnut what up alex bush
what up dc dc won eight hundred dollars yesterday mando playing plinko that's right what up louds
well because we didn't have the person on spaces and he was on video so we just did a was yesterday, Mando, playing Plinko. That's right. What up, Louds? Plinko? Did you play some Plinko DJ?
Well, because we didn't have the person on Spaces,
and he was on video, so we just did a Plinko
for him, like $500. It was fun.
What up, Merge?
What up, D-Bar? What up, everyone? Alright, Sims,
kick it, baby! Thank you. Oh, yo, what up, what up?
Good morning, good morning.
It's the MGM.
Tuesday.
Tuesday, Tuesday, April 22nd 22nd 2025 look at that another beautiful day to have a beautiful day
i got my clothes in the house oh baby
tyler with the green bull hat
mando good morning lads how you guys doing today
i'm doing great man i'm doing fantastic market is pumping or at least bitcoin
is back above 90k we're looking good yeah and far coin far coin bitcoin far coin we've been
talking about that that barbell you know bitcoin far coin i mean so i was catching a nice bid
no but you know it's at levels unseen since three days but i'm sure we'll talk about all that
bitcoin is definitely up and we'd love to see that i can't wait to see a dominance actually i don't know what
it's at but it's probably really high uh tyler tyler tyler how you doing today i'm great as well
sun's shining our coins are pumping and you know i had to bring out the shirt for today we've
reclaimed one dollar so it was uh it was time to pull it back out.
Big day.
Let's go.
I forgot that you bought their merch.
It's not their official merch.
Someone made it, right?
Right.
My buddy has a store.
I bought a hat today as well to commemorate reclaiming $1.
So you might see that on the show.
The mug is great.
Some candles.
I need the mug.
Do they make candles?
Fart coin scented candles.
Yes. So does it smell like fart?
Yes.
So hold on.
Incredible gag gifts.
So like the
candle smells like shit.
I believe so. I do not own one.
But from what I understand.
It smells like success.
That's the tagline.
Ah, it smells like success. That's the tagline. Ah, it smells like success.
It doesn't smell like farts.
It smells like success.
I like that.
Anyways, I'm sure we'll talk more about Farcoin in a minute.
Today on the show, market report.
Look, the market's looking amazing.
So we'll talk about that.
Don't get too excited yet, but you know, it's definitely a nice one.
So it's good to see Bitcoin above $90,000 and nice to see, uh, Ethereum managed to go to 1626.
Uh, anyways, market report, uh, we got, um, Tyler's top 100.
I mean, I'm sure Tyler has a lot to talk about because these days topics have been coming in hot.
And then, uh, yeet, uh, giveaway, we gave away 800 and some change yesterday on day one, we've crossed $5,000 and just like six shows or some shit
And so today someone else is gonna come on the show and you're gonna win
You're gonna win you win some money so make sure you go to eat calm and you apply
to join their platform, but you gotta use our
Our code which is formal our and then as usual this show is powered by wallet connect wallet connect is the network shaping the future of all chain
UX if you've connected to web 3 app you see wallet connect that blue logo
It's everywhere and I could have trust in crypto as recognizable as visa check out hell
Yeah, what's a little more follow what connect on X and telegram to stay ahead of what's next metal
You tell me what's next I tell me what's now, actually, because this market is beautiful.
Yeah, it is a bit of a beautiful market.
We've had a big, big rally in Bitcoin above 9K, which I think is an important level
in people's minds. We obviously had gold continue its crazy charge here, hit 3,500, I think,
briefly this morning, though it's only up a little bit on the day now, 3, 4.30. So just
a good sign here for crypto that Bitcoin is having these gold-like tendencies,
and that's dragging the rest of the market up with it.
Bitcoin dominance, even on a day like today, is up higher again,
which I think is very important to note.
It's outperforming ETH, it's outperforming all the other major L1s.
Obviously, there are certain alts moving,
but that is...
Normally, you start to see, at least around now,
a bit of an outperformance.
And that's impressive.
So, tough to beat Bitcoin in this market.
It does feel like...
This was at 55 in december
and it was at 61 a month ago i think it can hit 70 in the next month i really do
i don't think that's that crazy but let's see the only thing that i think would get in the way
there would be stable coins but uh i think it could just keep going here. It really can.
Well, at least very close to 70% in my opinion.
Looks like that last bit of resistance was like 72-ish.
So maybe that would be the main target here.
But Bitcoin looks like it could run to 100K.
And I don't even know if the rest of the market would follow it in the same way.
If Bitcoin goes to 100K here, you know there was that really funny tweet back in the day,
which was like, ETH was at this level, ETH was at this level, ETH was at this level.
That's bad, bro.
Bitcoin could hit 100K. I don't think ETH would break this level. That's bad, bro. Bitcoin could hit 100k.
I don't think ETH would break 2k.
1800.
Yeah, probably 1800.
Last time was 22, right?
Maybe 1800.
Maybe 1800.
That's like the ride over under, I think.
And I might be on the under.
This is not good, boys.
I mean, for ETH and ETH holders.
But I've got i gotta say it's
it's not even good as for like i'm building something on l2 and i'm i think about this every day like i'm like what the fuck is going on here like we had the conversation you know i mean
yeah there's a slight departure i think and this this is what I think if you are bullish on Ethereum,
you can still be bullish on between the network and the token.
But ETH as a network, even with the L2s, is growing.
TVL is growing.
You know, like a lot of that has helped.
has helped. It's just the value that's gone back to
It's just the value that's gone back to the token.
the token. It's just
It's just not happening.
not happening.
It's more
the need to fix
where the value goes.
Do we think
is the conversation of
Solana flipping Ethereum now become
more of a less of a
moonboy one? I'm not even asking it
as a dunk. I'm asking seriously
like, does that conversation become more
serious here?
Well, it may.
It may.
I think
it's still a long way for Solana
To flip ETH
Look at this
That's a Soleth chart
It's wild
Yeah
Look it's still a long way to get flipped in my opinion
Yeah
I think let's just focus on the fact that Solana's keeping track of Bitcoin here Yeah, look it's still a long way to get flipped in my opinion. Yeah
This is so I think that's just focus on the fact that Solana is keeping track of Bitcoin here, which I think is a very good song
It's most of the L1s aren't so
yeah, I think it's
Let's look at the top gainers there today you got Farcoin obviously again. I mean what's crazy to me is
I guess just Farcoin is currently top gator constantly top gator. I mean, I'm sure if I change this to like
Seven days, let's see
Okay, towel
Fuck ones right there. Wow towers. Jesus Christ boys towers have a week
Yeah
How Look at this a week. Yeah. I bought a lot of Tau.
Look at this.
That interview.
Yeah.
Good.
Good.
There's been,
obviously there's some winners,
right?
But, but large extent,
these aren't top coins,
right?
Yeah.
Like 5.79,
Tau's 41st,
like,
in Bitcoin
what a rise
what a rise
was there anything I missed
that caused this rise or I just woke up and shit was just like
nuts over here
there was no headline right
Tyler anything on the macro side
the Bitcoin ETF saw their biggest day
since January 31st
yesterday
380 million in flows
So I think that was noticed that was notable
Yeah
Dogecoin eighth I'm just looking at memes here like wow. All right. Well look Bitcoin sweat 9420 that famous range, right?
the old range was
Nine it's we're there like that was the remember
the range back then that we used to track was this one so we're literally at the we're literally
there so it's either we get smacked down here this is where it breaks out right since this was
the range i remember because it was because of this darth fader to our small candle that people used to track. So that was the range, which was $90,000 and then $104,000.
So do you guys think we're going $100,000 first or are we going back down to the 80s first?
Here's what you both think.
Looks like a breakout to me.
I've,
I've seen 92 K as a key level thrown around a bit from some of the,
the TA experts.
I feel like there's some clean,
there's some clear air up there.
Like I'm not saying we're just going to speed run to all time highs,
but by any means,
but it's got a lot of positive momentum. we're just going to speed run to all-time highs by any means but
it's got a lot of positive momentum and i think the gold breakout has been big
as well yeah gold is insane what's an ounce of gold now like 3 400.
yeah i said the first thing today yes it's it's it hit 3 500 Wow, look at this chart.
This is a gold daily chart.
So what, does this thing ever have a blow-off top?
What the hell?
I love how crypto people will look at that chart and see that the blow-off top hasn't happened yet.
There's no blow-off top hasn't happened yet. There's no blow-off top.
I love you.
Crypto charts have got us...
Gold does not move like this.
It's sideways for four years.
Look at the last 30 years of
gold. It does not move like
this. This is a blow-off
top of gold.
Wait, you told me this was sideways
for four years? Pretty much, right? So let's this was sideways for four years.
Pretty much, right?
So let's see.
That was 190 days here.
Oh, you could go further.
You could go here.
Oh, nevermind.
1,300 days.
Wow.
How many days is that?
How many years?
1,323.
So that's a lot of years.
Yeah.
Wow.
What a breakout.
One day that's going to happen to gold.
Or our other gold.
I mean, boys.
I mean, boys.
Boys.
Lads.
What do we have to say here?
I mean.
It just keeps forming higher cups handling down
what i tell you today tyler another cup and handle back to back called the boat and there's
going to be another one as soon as this leg up ends we'll we'll retrace 15 20 percent we had this
one here you know what the farccoin could just flip Solana at this stage.
My message to everyone who's been bullposting Farcoin
is we got to start raising the targets
because 10 is too close here.
I mean, boys.
Boys.
Boys.
The problem with the $10 target
is people are going to start front-running that.
So, like, you've got people are going to sell at $5.
I think the target is
as Dip Wheeler says,
top two meme coin.
It doesn't want to be number two.
This train goes one direction.
If you look at the
meme coin list.
Let me pull it up for you.
That bonk guy is up
$6 million On that shit
Yeah
He's now becoming one of the top fart traders
So shout out to him
Doge is 25 million
Shiba is
Fartcoin is 62nd now
It was 79th just like
A few hours ago
It's definitely going to flip Trump
It's flip bonk?
Oh, that must have happened this morning.
That just happened.
Yeah.
Trump train.
Flipping Pepe would be big, right?
So what's Pepe right now?
$4 billion?
I'm checking for you right now.
$3.4.
But Ethereum is really weighing it down.
Like insane.
Yeah. It sucks because it's a great coin. But Ethereum is really weighing it down. Like insane. Yeah.
It sucks.
Because it's a great coin.
I fucking love Pepe, man.
I mean, it looks...
If you're looking at trade,
that's...
It's not bad.
Yeah.
It feels like it's lost a bit of its
momentum,
luster,
tension.
Yeah.
It's still up there.
I personally think Farcoin's a better meme than Pepe.
It's got more universal appeal.
Shiba,
we don't even really know who's actively buying Shiba.
It just feels like no one stays up there.
So I think that's the,
that's the big target.
That's 7.4.
Yeah. Yeah. I mean,'s the big target. That's 7.4. Yeah.
Yeah, I mean, my target's never changed.
It was five bear case, 10 base case, and like 50 bull case.
Yeah.
So hopefully we see that happening.
It'd be great.
I mean, AXBT is calling Farcoin, you know,
shit the whole time.
So I think,
I think,
I think we're in for a surprise.
Anyways.
All right,
let's go to today's topics because I think we have some fun stuff to discuss
here.
And,
and we don't have a code yet.
We'll have a quarter of the second for y'all.
Just a reminder,
eat.com,
go sign up,
use FOMO,
our code.
And,
and you'll go.
Yeah.
What would be the price if it goes to $7 billion?
Come on.
Come on.
Come on, man.
Guys, we made the math very easy for you.
Come on.
We're still early.
Or is he testing us?
He must be testing us.
Seven.
Bingo.
The comments today are great.
The comments are hilarious.
All right.
Let's go to Tyler's Top 100.
Folks, crypto majors, Barry Green here this morning.
Bitcoin was leading the way.
Actually, Solana now leading up 4% here at morning. Bitcoin was leading the way. Actually, Solana now leading up
4% here at 144 Bitcoin, breaking 90K, 90,300. Some of the top moving alts on the day were
Cass, Paul, previously Matic, and STX leading alts, of course, along with Fartcoin. We'll get
to that in a minute. Those Bitcoin ETFs, like I just mentioned, they saw $381 million in net inflows on the day.
That is their highest daily total since January 31st.
UPEXI, their stock jumped 335% yesterday
after they announced plans to use $90 million
to build a Solana corporate treasury.
So maybe they've been buying here this morning.
The SEC new chair, Paul Atkins,
was officially confirmed yesterday.
Also, he faces 72 crypto-related ETFs awaiting approval decisions. So he's got his work cut out
for him. In other news, Deutsche Bank and Standard Chartered are looking to grow their crypto
operations in the US. And the Wall Street Journal reporting Circle, Coinbase, BitGo,
and a few other firms are looking to apply for bank charters.
So we're seeing more crossover here between native crypto platforms and banks.
Breaking news before the show, Trump Media has finalized their partnership with Crypto.com to launch those ETFs.
So a lot of ETF news.
In token airdrop and protocol news, OpenSea, they launched one-click wallet swapping for users switching between chains.
They're continuing to ship over there.
Kaido announced incoming changes to protect integrity on their project leaderboards.
The multiplier founder said, hey, we're returning those pre-sale funds.
No longer needed. We're making enough money.
We don't need your pre-sale funds.
Still plan to execute the airdrop.
Myriad, teasing V3, coming soon,
allowing deposits in dozens of cryptocurrencies,
a social fight aspect,
and no more 3% fees on those sales.
So that was a big one.
MeBits announced their on-chain AI agents.
Think agents will go live today,
powered by this Think token.
And memes, somewhat of a quiet day.
Meme corn leaders are green.
Of course, Fartcoin
soaring into the top 60s
leading the way. Troll
was a big winner on Solana.
Jumping 60% to 9 million.
FMK, Poseidon were big winners
in the low caps. It does feel like
more signs of life there
in those Solana trenches.
That was the roundup for today.
Speaking of Solana trenches, Tyler, we'll just start there.
I have a question for you guys. I mean, I asked a couple
of friends, but, you know,
CryptoUB, the haven,
he called Farcourt and trade pretty well. He's actually
nailed the shit out of it a few times.
He's calling for Popcat to come
back.
I know Popcat did something pretty creative,
where it was a Popcat Farcourt
liquidity pool, which I thought that was pretty cool.
This is smart.
I wonder how nobody came up with that before.
That's interesting.
Do you guys think that the strength of fartcoin, and honestly, Solana is holding pretty strong.
Do you guys think that this could cause a resurgence in some of the older, more established Solana memes,
or we'll just,
do they just have so many sellers that forgot to sell the last top?
It will just continue to sell through it.
I think we can see a handful of winners.
I don't think there's enough capital,
enough of a wealth effect to have like a mass raising of all the ships by
any means,
but we're seeing more and more signs of folks returning, right? Like oranges, to have like a mass raising of all the ships by any means.
But we're seeing more and more signs of folks returning, right?
Like Orangey is back.
He's tweeting the trenches are on fire.
Thread guy's back.
And he's tweeting that he's active.
They're talking about these PVP clan wars in the trenches right now.
So whether or not they're actively posting and streaming, there is more,
there are more folks back and they're buying.
And I think there are going to be more opportunities.
Like clearly like everyone needs to lower their expectations compared to what
January of 2025 was like,
right?
Just throw those numbers and market caps and daily runners out the,
out the window for now.
But we're seeing more activity.
And suddenly these legacy tokens still have some big communities behind them.
So I wouldn't be shocked to see a pop cap run up.
I wouldn't be shocked to see like Mog just out of nowhere pull a two-ups.
Well, Mog got the Binance Alpha post yesterday.
I don't know if you guys saw that.
It was during the show. Binance Alpha is going to I don't know if you guys saw that. It was during the show.
Binance Alpha is going to list
Mog, Cult, and SPX.
still lowest unit bias on Coinbase.
Wasn't delisted during that rundown.
And we saw some delistings on Coinbase
from like Giga, Turbo, and a few others.
I mean, obviously bias here.
I'm always going to love Mog.
But they have a real community.
That's a 2023 coin.
Do you guys think Mog could run it back to like one and a half billion?
That's where it was in Miami.
I love how you just like you go to all the way to the end.
You know, it's like, yeah, well, when is Solana going to flip ETH?
When is Mog going to run to 1.5 billion?
I'm just trying to, I'm just listening.
Do you know how long it will take for Mog to run to 1.5 billion? I'm just trying to, I'm just listening. Do you know how long it will take for Mog to run to 1.5 billion?
We could be here for like two years, brother.
I'm here to entertain, you know?
I'm here to entertain.
I'm trying to get the right clip out of you, Mando.
I'm not bearish.
I'm just saying what Tyler just said there is 100% it.
It's like, just go search.
Go have a look at Google search
trends on crypto right now and you'll probably
get a better sense. Are
all these coins about to
just do crypto
I reckon.
I'm just guessing here.
Crypto, go worldwide
for the last
few years.
This past day.
Five years?
Yeah, why not?
Right.
Kind of tells you the sort of environment that it's in.
And, you know, things can change, but, like,
we're not where we were.
Yeah.
How do you remove a coin?
If I go remove,
if I go remove,
and I search for meme coin.
God, it would now be even worse.
Oh, God.
That's not right.
When was that peak?
Was it just exactly Trump weekend?
Or was it after?
Yeah, it looks like it.
Let's go like 12 months.
Yeah, there you go.
Trump weekend.
So where were we?
So summer of last year when we were starting to get some runners on pump fun, let's say.
It's here.
It's November 24th, kind of.
Where are we now?
Here, same level.
Lower.
Here, 5.
September.
September.
Which is like the peak of when things were dead.
Before.
Folks don't remember.
Last August and last September.
Go look at the pump fund numbers.
Look at Bitcoin, though.
Bitcoin hit 55k or 50k during that period, right?
That was when it was over.
Look at Bitcoin.
Not bad.
Let's go to Farcoin.
Bitcoin's holding up.
Whoa.
Look at the Farcoin one.
Farcoin looks like the Farcoin chart, really, doesn't it?
Holy shit.
But that is exactly, points for tyler saying
and maybe that's the odd winner here yeah but we're just not in that environment like people
when they say the trenches are back it's because it's pvp clan wars that that just
how what what what is the most this is like the most cringe thing
orangy's clan versus somebody else's clan. Everyone's trying to like rug each other for the few remaining dollars in the trenches.
Yeah, they all need, they need more watches and cars, you know?
Like, by the way, which is the most negative EV thing in crypto is that whole PV3 thing.
It looks like we didn't learn the first time.
That's why Farco is working is PVE.
Can you guys just tell me, Tyler, what the fuck is this whole clan war thing?
What are you talking about?
I saw Rasmur talking about it.
That was my signal here. Take it all
with a grain of salt.
Let's go to Rasmur's page.
I'm personally not playing these new daily
runners. It's not my
game. I do like the least
to generally... Come on,
Nate. The last one I really played was Housecoin
I'm still holding it
I like to play the ones that I can at least have a multi-week
thesis on mostly
In peak frost, sure
I'll do more intraday flips
But in general
The market's not hot enough about that
Where's this clan war thing?
I think it was like over the weekend.
he was also talking about how the,
the second coin from the,
the whole Zora coin,
everything fallout was he,
he called it nine 11 for,
for the trenches,
which was a massively overblown statements because like like 2,000 people had even bought that basis for every one coin.
So he just wanted to exaggerate.
But anyway, that's where I got it from.
Some of the folks are back on the timeline.
Of course they are.
It's always the same thing.
And they're going to come out and say that they've been trading the whole time.
You know what I mean?
I'm sure some of them were, right?
It's like you get addicted to the game.
Yeah.
I mean, Trump
coined it nice. It's such a good way to judge
where you're on the cycle by who comes
back. It's so...
Mando, it's like...
How many times are we
going to do this or see this?
You know what I mean?
You've said that so many times.
Just like,
that guy's back.
I see everything.
And we're like,
okay,
that's where we are in the cycle,
you know?
This is why I get so bored sometimes.
Thankfully,
I'm building something.
Like,
I haven't paid attention
to like i'm not paying attention i i go on twitter i post my shit i got my notifications on for ov
tyler mando rug radio myriad like i do my myriad thing i do my work i do my shit i follow my
homies i look at some traders i like and i just don't pay attention i guess it's one of the good
things about being in europe because i just find the whole thing so boring of people leaving and coming back and leaving and coming back.
Like, Wiz said that yesterday.
He's like, look at who's back now, bullposting.
But they weren't bullposting.
Like, I switched my name to Permable at 76K Bitcoin, okay?
It is interesting to think about where we are in the cycle right we've talked about how the
four-year cycle is kind of broken bottom of the second inning it does feel like that right like
we're not we're not going to experience like uh like i i don't feel like we're in the early stages
of the bear market of a two three two-year downturn ahead of the 2027 crypto bull cycle by any means.
Yeah.
It feels like we kind of speed,
it does feel like we kind of speed run these, right?
Like, are we on like more of a yearly cycle?
And I was like, how did last year play out?
Memes had their big run.
Bitcoin had the ETF run in Q1.
Memes lagged. Memes pe had the ETF run in Q1. Memes lagged.
Memes peaked in March, April 2024.
We cooled off all summer.
Everyone sold in May, went away.
Heated up in November during the AI meta.
Trump pump.
Bitcoin runs, peaks in January.
Bull off top.
Trump coin, January 20th, down only for three months.
A little less than three months.
Bitcoin was 75k two weeks ago.
I've said that for a long time.
I don't believe in the four-year cycle.
I don't know.
I believe in it, though like we're back
four years later summer 21 summer 25
is it that like a eerie feeling
of four year cycle
well we're not
summer 25 are we we kind of
started rallying last year
and then we've everything got absolutely
decimated in 2025 well apart from
Bitcoin like
ETH is at 1,650.
Solana...
Yeah, but ETH is not relevant anymore, right?
There's always an L1 or L...
Like, there's always a coin that gets stuck behind.
The second biggest asset.
What I would say is that, like, this felt...
This did feel more like a...
Rather than this is a four-year cycle,
it felt like what Tyler just said, a shortened cycle.
And then we might see a shortened run-up again.
Like, that... If you just forget the four-year cycle, what we just saw looked shortened run-up again like that if you just forget the
four-year cycle what we just saw looked a lot like a short cycle right bitcoin goes uh all
coins go meme coins go and then everything just collapses i have a question i got a lot of
questions today i'm in a good mood man it. It's fucking beautiful out here. Me too.
You know, my Oura Ring, highly recommend a Wupor Oura Ring.
I've hit record low daytime stress in 13 months and record high daytime recovery in 13 months since I'm here.
months since i'm here just i would say you know the europe poor life is not so poor anyways my
Just, I would say, you know, the Europe poor life is not so poor.
question was um kobe back then said that 2024 was most likely to be similar to 2019
because you know there was a big spike or 28 i forgot what he compared it to
it was like a one-year run and then that the real cycle kind of starts in 26 i think a lot of people
have that as a thesis as well what do you guys think of that what if 24 was just the test one
year run and we had like the markets figuring itself out there's adoption in institutions
for bitcoin there's etfs blah blah blah bitcoin at the forefront of everything we have the sbr all
this shit like trump executive, executive orders, and a
20-year-old for the cycle to actually start
towards the end of this year and
next year.
It feels like there's a foundation being
laid for a potential
big run for Bitcoin.
Global adoption, infrastructure,
huge institutional players all coming in
kind of at the same time.
It's hard for me to think that we will
have a solo Bitcoin
run. I'm not
saying it means ETH's going to pump. I'm not saying it means
sold, but I think there will be other
metas along with that.
And we probably just don't know what they are yet.
But I don't see
a world where Bitcoin runs to $150K,
$200K, and
nothing else does.
As for when that's going to happen,
I don't know.
I was personally kind of hoping
it would be in 2025.
I don't know.
I'm trying to go to Ibiza this summer.
You can still go to Ibiza, man.
It's an hour flight for me now.
You act like you're
trading at the desk eight hours a day.
You make a handful of trades
a month for the most part.
And it works.
And you've done very well.
You can still enjoy Ibiza and do a good service.
That's good advice for us,
actually.
Like you've traded best when you have not traded.
Like I just did.
Right.
I mean,
I'm not going to talk about it right now.
I'm going to wait for it to play out,
but I did some crazy shit this weekend.
So we'll wait for that.
This could be another one of those trades. So we see we'll see we'll see but i agree it's it's it's when you trade a
handful of times you tend to perform better because you just act more rationally i feel
like my biggest losses was just like following up a trade and just losing like a million dollars
buying far corner like 2.5 you know stuff like that when
i already made a fucked out of money on the way up it's a classic though you weren't alone
harallabob was in there right there you me i mean there's a bunch of people like us i mean
in my like whiz harold another one of our friends like a few of us got really got really sniped on
that one uh so but hey we managed to buy the lows again,
so it's not bad.
Anyways, the code today,
yeet.com,
but for rafflebot.xyz.
So rafflebot.xyz,
we're going to bring a lucky winner on the show today.
You're going to win minimum 500 bucks.
There's not really a maximum.
So the code is FART,
F-A-R-T.
I think you can all spell that.
What?
Bitcoin's at 90.7.
Wow.
The code today,
yeah, it's insane. Wow, Bitcoin's at 90.7. Wow. The code today is, yeah, it's insane.
Wow, PopCat is fucking running.
Damn.
The code today is F-A-R-T.
Anyways, Tyler, what else did you have for us?
There's quite a few other things.
A couple here.
So we're seeing more of these companies build these Solana reserves.
So the latest was this company, Upexi.
And for background, I think I looked at their market.
They are on the NASDAQ.
I want to say their market cap was like $14 million.
So they are a smaller company.
They somehow did a $100 million funding round.
around and they're going to use the funds just to establish the salon of treasury reserve
And they're going to use the funds
just to establish the Solana treasury reserve.
and then their stock ripped up about three and a half x yesterday let's see how it is today
it's down 10 today um like if you zoom out on this company like the five year chart like five
years ago they were trading a hundred dollars now they're trading at eight dollars so it's like
kind of a zombie company move.
I think GameStop kind of opened up this playbook to a degree.
So we're seeing more of this.
I don't know if it's the last ditch, Hail Mary,
or just a pivot for the company.
But this is the latest.
We saw the other company.
The other company I'm blanking on. It was a real estate firm.
They launched their salon treasury just a couple of weeks ago.
I think since their stock pumped and then it sold off as well.
So we'll see how long the market will value these.
But a growing trend, something to pay attention.
And again,
more just institutional capital piling in to some of the crypto majors.
So that was a story from yesterday.
The other big one was probably the story from the Wall Street Journal.
I didn't see it get talked about a ton.
What's that?
So Circle, we talked about it yesterday.
They launched that new product to get into the remittances game,
Rival Visa and MasterCard.
But the Wall Street Journal also reported yesterday
that Circle and Coinbase are both pursuing U.S. national banking charters,
according to multiple reports.
These banking charters or licenses would allow them to hold customer funds
directly without any intermediaries.
They could access the Fed payment rails,
issue stable coins with more legitimacy,
reduce counterparty risk,
offer insured dollar accounts,
and potentially yield products.
So some big unlocks, I'd say more so for Coinbase than Circle,
certainly in line with Circle's business model,
pointing to just the crypto
friendly Trump administration as what is kind of enabling this move here.
So it's still early stages. It's pursuit.
They haven't been able to lock these down or get the approvals,
but this kind of gives you a sense of where they might be looking to go next.
And it just seems like we're going to continue to
muddy the lines between traditional banking and crypto.
It feels like they're becoming more and more integrated.
We've already got the writing on the wall that the banks are getting into crypto.
We just had Deutsche Bank and Standard Charter say they're going to grow their crypto operations.
And now on the flip side of that, you've got your more crypto natives like Coinbase who
want to start acting like banks.
So that's going to be another big, big trend.
I think it's one that will, at a macro level, increase legitimacy of crypto and open up
the buyer pool.
And probably that's going to be more impactful
for Bitcoin, right?
But you can make the argument
that it grows the pond
and gets more folks in the door.
And a small percent
goes down the rabbit hole
and perhaps gets deeper into crypto.
So those are two
of the big stories that I was looking at.
Okay. There's a lot of institution is i mean we've been seeing it forever but it's really the name of the game right now you know
you just mentioned this company that's putting bitcoin on their books i mean remember in paris
i told you guys i was on stage with like the french micro strategy it's called the blockchain
group literally so you've covered it both of you in your minutes. I was on stage with the guy, and he was just saying so many other companies are going to follow suit.
You look at the CAC 40, which is the French SPX, right?
I think, Mando, the French S&P, CAC 40 or something, I forget.
But you'd argue that if they're doing well, a bunch of other companies are just going to follow suit.
I guess that's the thesis, and it's happening in London.
It's going to happen in Canada.
It's going to happen in the New York Stock Exchange.
It's going to happen across the border.
All right, what else you got for us?
I think a lighter story is the 72 crypto ETFs
that are on Paul Atkins' desk.
What?
Eric Balkunas, he tweeted about this yesterday.
So if you go to his Twitter page,
you'll be able to find the full list.
It should be only a handful of tweets down.
But yeah, Paul Atkins officially confirmed to be the SEC chair.
He's crypto friendly and they've got a backlog of these ETFs that are awaiting approval decisions.
So there's XRP, there's Litecoin, Solana, Doge.
There's a 2X Melania ETF in the mix.
Sweet.
2X Melania?
That's 2X Melania.
Come on, man.
Massive demand for that one.
Pingu in that pile as well.
So it does raise the question of like,
what is the impact of ETF approval in a more diluted crypto ETF world?
And we're seeing it yesterday.
The Bitcoin ETFs saw three month high ETFs were still negative outflows on the day.
Do you guys think realistically,
which ones do we think happened?
I mean,
the Solana one feels like inevitable.
I think my hot take is I think they're all going to happen.
Really?
I feel like that's more likely to me.
Maybe if maybe a few of this,
like the wilder ones, just don't make it over the line.
I don't really know that we need a 2X Melania ETF.
So maybe some common sense, some baseline thresholds for market cap.
But I feel like it gets, it's a harder,
it's more work to try to justify individual tokens for ETF approval than just making more blanket approvals, right?
And if you're going more free markets,
I guess once they've determined they're not securities,
like what would be a reason not to,
why would you not approve some of these tokens?
I mean,
I guess from protecting investors,
but I mean,
ETH investors probably needed some protecting,
right?
Yeah.
yeah,
I think there's still some questions
about what security and what isn't
I think the SEC hasn't quite
said everything
is a commodity
yet and not at that point
even their recent commentary sounds like
they're not even at that point yet
not yet
yeah
yeah
like yet yeah yeah like
I think it's I think
it's going to be some of these
might take a little bit longer I think XRP
and some of the meme coin ones
and Solana are probably
the other ones they might just be
might just take a while
XRP and Sol seem to be pretty much shoe-ins,
I'd say, by the end of 2025.
It's so crazy how XRP scammed itself
into the entire ecosystem
and just bought a fucking, a huge company.
It's so insane.
Like, the whole thing's a fucking scam.
You know, like, Brad Garlinghouse
has never bought a single dollar of crypto
in his career, I think.
You know? And he's like, it's so crazy.
He's only probably bought crypto so he could afford gas fees to dump his XRP on people who think it's going to $500.
That'll always.
You know, we got an email this morning to get Charles Hodgkinson on the show, by the way.
Really?
Yeah.
It's going to be a fun one.
Fuck yeah. I said yeah.
I said hell yeah. I got a message
from Ev saying,
should we get this person on? We got an email on the show.
I'm like, fuck yeah, we're going to get Charles Hodgkinson on the show.
What do you mean?
Shout out to Jeeps. He's listening for sure.
I can't see my phone, but make it happen.
I'll be a fun one.
I can't see my phone but make it happen i'll be a fun one i can't wait um yeah i mean is this towel thing i mean you can see him like i know everyone talks about thought coin and ai coins but how's up 45 this week all right talk to us about your bags
let's go let's go look at the let me share the screen i it's already up, so it's kind of already happened. It's the biggest runner of the week, right?
Yeah.
Basically, Barry Silver went on a program, I think it was Raul Powell,
Raul Powell, sorry, and said, yeah, this is a really interesting one.
So I can always like Bitcoin, right?
It's meant to be this thing that's like a reward mechanism for AI training essentially
This is now easily the biggest a I coin easily
This thing has got fully diluted market cap of 7 billion now
Someone mentioned something in the comments
I want to ask you
someone's saying that Tao has like no revenue
here
Zama in the comments says Tao has like no revenue
to compare it to O
I mean very very different
I mean and let me explain why.
Tau is a fair launch, right?
Fair launch, Bitcoin tokenomics
is not meant to be about revenue.
Like, this is why people call it the Bitcoin of AI.
Like, it's not trying to make fee revenue.
Got it.
It's meant to be a reward mechanism
for training better AI, essentially.
So if you're able to, like, different questions
or different resources are posed at the different subnets,
and the ones that do it the best are then rewarded with the token.
So it's just like a reward mechanism almost.
It's less of a, this is how much fee generation there is.
Some of these subnets are now able to make their own coins.
And to trade those, you do need Tau.
So the value goes back to Tau a little bit better.
But it's kind of got a different proposition.
Like it's not meant to be a dow token for any means like um
but i don't know like it's just something to pay attention to like that is yeah for a seven
billion dollar ftv coin now that puts it in the top 40 now wow um but like fully diluted it's probably higher than that let's check it out
did not take part in any of the AI
the rest of the AI stuff
32, 32nd
Mando, fully diluted
yeah
yeah
just pay attention
to it I think
this is definitely now leading
pay attention
pay attention to it, I think. This is definitely now leading... Pay attention.
Pay attention.
I don't even know what that means.
Yeah, that means.
Yeah.
I mean, how often do we talk about that as a coin? And we talk about AI coins all the fucking time.
It feels like it's in its own
there's like there's this other branch of crypto ai that's kind of in its own world and we don't
talk about as much i guess what i don't understand i feel like these are competing more with like
real world ai companies like maybe web 2 um and I just don't know what that competitive landscape
looks like. Like what other
AI companies are
focused on building training data
what are their market caps
or is Tal doing
something unique?
I just need to spend more time researching it. I'll have the answers.
It's less
like that. It's more like instead of,
this is how you could like link this to an open source model and be like,
this is how we're going to improve a ton of different open source model,
AI models,
rather than having a closed source model,
which has trained itself in-house.
So it's,
it's, it's like a different
proposition even for like a blockchain.
I don't know how, it's more like Deepin.
Way more like Deepin
as a coin
rather than
whereas I think like a lot of the AI coins that we
have with like agent marketplace style coins
or you know you have to use a coin to like
spin up an agent, this sort of stuff. This is not,
this is completely different. It's more like we're going to reward up an agent, this sort of stuff. This is completely different.
It's more like we're going to reward you for doing certain things for the network.
So it's far more akin to all the other deep-in coins.
It's just like that.
Yeah, there's a network here and there's some value in the network
and you're rewarded for putting up a phone mask.
You know what I mean?
Like it's,
it's more like that.
I mean,
there's a lot of upside if what you're saying is like going to happen.
Like we look at the chart,
like I know it's up 40% on the week,
but it is a bit of a fugazi.
Like you don't know what it is.
Yeah.
I would admit that it's also $7 billion now.
It's,
and I would listen to the interview with Barry Silberton.
Okay, I'll check it out.
It's worth it.
I'll check it out.
I was like, oh, yeah, this might have a bit of a run here,
and then it has.
Okay.
I'll definitely make sure I check that out.
So let's see what happens
then. Barry Silbert is
arguing with people on the timeline right now about
Tau actually.
Oh really?
Two hours ago.
It was dunked on a lot during the AI run
because it was like, oh, Tau's about to be
overtaken by all
the different AI coins.
Yeah.
So he's at it.
So this is the interview for those of you who are curious.
So we'll see what happens on that front.
Okay, cool.
That's good.
I think we've gone around the block pretty well, right?
Should we give some money away?
It's good to eat. Let's do Lamb Chop
today.
Sure. Let's do it.
All right. Farts the code.
Farts the code. Make sure you put
it in. Make sure you sign up.
Using our thing.
Play rates should be
any day now. Yes, please!
You're coming back
any day. I'm not going to be on much next week,
so it's got to be fixed this week, brother.
I need it. You're taking another week off
for the... I have to...
Habibi, I have to go to Token 2049,
my favorite place in the world.
My favorite place
in the world. I fucking hate that
place. It actually pisses me off that I have to go.
I'm sorry to of being Lisbon.
Yeah, yo!
OX Kibu!
Red guy.
Red guy, baby.
OX Kibu Let's go
Alright
OX Kibu
OX Kibu
We got Epic and Mog in the bio
He's got a Red Guy PFP
He's got OSF's work
We gotta wait for hours for this guy to come
He's here
Do you guys remember when When the Ovi's Blast era OSF's work. We've got to wait for hours for this guy to come. He's here.
Do you guys remember when the Ovi's blast era?
That was...
Yeah.
He was launching NFTs.
They were all free men.
I'll never forget the day Ovi
sent 500 E to the blast bridge
or some shit.
Oh, yeah. He was deep. Or like to like the blast bridge or some shit like within eight months. Oh yeah, he was deep.
Or like a thousand E's or some shit.
He had to hear about blast just for a way to go.
Every fucking day.
Oh my god.
By the way.
Oh, it's a really good trade, you know.
It's kind of like our pups thing.
It's kind of like our pups thing.
You know, by the way, pups has caught zero bits.
Runes are not even catching a bit on this move up.
Anyways, what's up, Kibu?
How you doing?
Hi, guys.
Great to hear you.
Can you guys hear it?
Can you hear me?
Oh, I can hear it.
Tyler, put your phone volume up.
Maybe it's you.
Like, you're on the side of your phone.
Kibu, trying again?
Kibu? Hey, guys. Okay, I hear him On the side of your phone Kibu Hey guys I can hear him
See I can't
It's weird
But I can on my phone
But you can hear him right
Yeah I can hear him
Tyler you'll be running point here
To communicate with Kibu
So Kibu listen
So congratulations first and foremost
You've won
$500 already so that is for sure for sure for sure in your pocket congratulations
You made $500 second thing we're gonna play two games of land shop here
So let me put it right there click to start and here's how we're gonna do it
uh, mr
So we're going to actually tyler
is one of your knobs down the one with the usb on your roadcaster oh no no okay well i can't hear
kibu for some reason am I blind you can't
full screen okay you can't full screen Mando oh there it is it just appeared
boom alright so alright so we're gonna $250 bets and you're gonna get two bets
so Tyler so basically you're just gonna tell Tyler if you want to keep going or
not going is Kiba watching us in video?
Kibu, are you on the video?
Yeah, I'm watching.
Okay.
Okay, he is?
Yep.
Okay.
All right, so let's get going.
Easy.
Sorry, Lance.
All right, let's go.
First run.
All right.
Do we keep going?
Keep going?
Yeah, keep going.
Yes.
Same question. Keep going? Yeah we keep going keep going yeah keep going yes same question keep going yes yeah let's go all right 300 hold on knock him out one more run one more run don't worry and by the way you still have that 500 back so you've made
500 bucks right let's go all right all alright you got 268 you want to keep going
297 you want to keep going
keep going yeah
to the barn
oh no
come on man fucking game man to the park. Oh, no. Boo.
Come on, man.
Fuck.
Fucking game, man.
Mendo.
Bad luck, Kibu.
God damn it.
You're still walking away with 500 bucks.
Yeah, that's right.
Well, look, Kibu, congratulations.
Like Tyler just told you,
you still walked away with $500.
So that's good.
That's good.
You still made 500 bucks.
All right, boys. I'm excited
to see where we'll be tomorrow morning. I'm not
going to lie. I hope this trend
sustains
and that we keep going up. With that,
with that, we'll see you all tomorrow morning.
10 a.m. Eastern Standard Time for another episode of FOMO Hour
on ROG Radio. Let's go. Go. Thank you.
