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FOMO HOUR: DOGECOIN, MARKETS, DAILY NEWS.
Recorded: July 22, 2025 Duration: 0:59:31Space Recording
Short Summary
In a lively discussion, key topics included the surge in ETH ETF inflows, Coinbase's new futures product launch, and significant corporate investments in Bitcoin. The conversation also highlighted emerging trends in the NFT market and the anticipation of upcoming token launches, showcasing a dynamic landscape in the crypto space.
Full Transcription
Thank you. You
Yo yo yo yo yo I get this price try let's go let's go, let's go, let's go. Thank you. Yo, yo, yo, yo, yo, what up, What up? Good morning. Good morning, GMG When Tuesday, it's just Tuesday. God damn it. Tuesday, July 22nd, 2025. Look at that. Another beautiful day to have a beautiful day. I got my co-host in the house.
I got my co-host in the house.
Tyler, good morning. How are you doing today?
Tyler, good morning.
How are you doing today?
I'm doing well.
They're trying to shake us out.
You know, a little bit of a soft this morning.
I just have a nice price.
Actually, we'll come to some nice numbers from Seoul from Park this morning,
and now we're going the other way.
But the bulls will prevail.
The bulls always prevail.
Rest assured.
The bulls always prevail.
We're looking good.
We're looking good, man.
This is consolidation at these levels.
I think we're good.
Far coin consolidating above the range.
Not bad.
It's looking pretty solid, Tyler.
I absolutely love to see that.
Anyway, we'll talk about all this stuff.
Mando's off today.
I think Mando's off the rest of the week, though.
He didn't earn his vacation because we didn't hit 4K.
I sent him a a screenshot yesterday i was like yeah i made some calls and i stopped the
rally because we hit what nearly 3900 3850 tyler but uh you know but uh but he he you know he he
almost got it so i think he deserves a few days off uh over here for the summer anyways markets
tyler's we'll just go straight because it's, markets, Tyler, we'll just go straight,
because it's Tyler and I today,
so we'll just go straight to topics,
talk about the markets, talk about this,
a little bit of that,
maybe some topics that we couldn't talk about yesterday.
I know there was a couple that we wanted to touch on
that we couldn't get to.
So let's talk about all of that.
And then, you know, we'll just get into a giveaway.
I'll give some money away, you know.
Shout out to Yeet, yeet.com.
Make sure you make an account using the FOMO hour code and only our code only,
but also make sure you've placed the bet this week.
You have to have placed the bet every single week, the week of,
in order to be eligible to win a thousand and up.
So yesterday we gave away 1100.
Let's see, this week already started strong.
We're giving like 5, 10k a week now. So it's starting to accelerate. Let's see. This week already started strong. We're giving like $5,000 a week now.
So it's starting to accelerate.
Let's do all of 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've connected to Web3 app, you've seen Wallet Connect.
That blue logo, it's everywhere.
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Want to learn more?
Follow Wallet Connect on X and
Telegram to stay ahead of what's next. But also, Kraken Pro. Kraken Pro was on the show yesterday.
Good show, actually. The guy had some good insight. Thomas, that's some good show. With Kraken Pro,
you get full control over your layout, drag and drop any module, customize it all. It's clean,
it's smooth, and built for real traders. If you you trade crypto check out pro.kraken.com
trade without trade off style let's just go straight to your topics there's so many
we never we haven't had time to cover everything looks like we'll have plenty of time today Yeah, folks, crypto majors mixed here on the morning.
Soul is leading the way.
We got Bitcoin down a touch, 118.300.
We've got ETH down 4%, 36.60.
Really the first red day that we can remember in a while.
For ETH, Solana up 3.5%, 199.
I think I saw the 203.
So it has gotten over that 200 level.
In broader markets, stocks are a bit red.
It looks like a bit of a sell-off,
perhaps ahead of some big max seven earnings.
Starting tomorrow, we've got Google and Tesla reporting tomorrow,
Amazon on Thursday.
So those will be big for the stock market.
Back to crypto.
ETH ETFs have outperformed the Bitcoin ETFs over the past six sessions by $200 million in net inflows.
First time I think I can ever recall seeing that.
So pretty substantial trend there.
We've got JP Morgan reportedly looking at crypto lending against Bitcoin and ETH holdings. According to Financial Times, that would be a big change.
Coinbase has officially opened their Perp's Futures product to U.S. customers.
So go check your Coinbase accounts to be reactive on there.
Figma included disclosures on tokenizing their stock in their IPO filing.
So Figma is going to be one of the bigger IPOs of the year.
Looks like they're going to be tokenizing perhaps as well.
So follow that.
BitGo rather filed for IPO with the SEC following bullish. looks like they're going to be tokenizing perhaps as well so follow that bitcoin bit go rather
filed for ipo with the sec following bullish the latest and now kind of a laundry list of crypto
ipos yeah look and paul market we said yesterday but they announced plans for a u.s return
via 112 million dollar acquisition and uh q6 so we'll talk about that on today's show in corporate
treasury news kind of a bit so strategy announced a new perpetual stretch preferred stock, STRC. It's going to have a
$500 million IPO and pay monthly dividend. So I think this is the first monthly dividend stock
in the strategy ecosystem. We had Trump media disclose it now holds $2 billion of Bitcoin.
Notably that puts it in fifth on the list. Biggest corporate Bitcoin treasuries in the world.
So that was notable. GameSquare
announced plans to increase their
ETH corporate treasury from $100 million to $250
million and include a $10
million allocation to NFTs.
So we're going to have our first
NFT treasury co on the books
with GameSquare. We
had this TLGY announced plans
to secure 360 million dollars
for to form stablecoin x and by ina for its corporate treasury ina was up a lot yesterday
and then uh balkan announced plans for a 500 million dollar bitcoin treasury so these i'm
seeing these headlines on a day-to-day basis there are so many corporate treasuries piling
in right now in token airdrop and protocol news, Gito introduced the block assembly marketplace
that's changing how Solana is going to process transactions.
A more private encrypted
Nimble app-specific sequencing
and more. Kaido announced this new
capital launchpad, enabling
users to invest in private token sales.
They also said their first product, their first
offering is going to be this espresso project.
So it's raising $4 million at a
$400 million valuation.
So not too cheap there
in the pump token.
Felt a .0037
in percent below the
IC. Terrible.
Rounding this out,
the AI board is basically even.
Memecoin leaders were mostly red.
Fartcoin is outperforming on memes.
Now Pingu this morning.
Pingu is kind of coming up on all-time high here.
So it's on a massive run.
We had this AMI token up 50% leading on-chain movers.
And this memecoin, just a memecoin, was up 2,300% yesterday.
So that was a big one.
ETHNFTs did cool off after yesterday, after the weekend rally.
Most of them were slightly red.
Fadenza's were a huge winner.
19 of them were bought.
Four was up 40% to 34.
Actually, a lot of those art blocks were up as well.
Archetypes, Wednesday, I would now have Meridians all up quite a bit as well.
So that's the roundup.
A lot to get into.
Wow.
I mean, where do we even start?
Look, Bitcoin's chilling. Still consolidating. I think it almost hit on 20K this morning. So A lot to get into. Wow. I mean, where do we even start? Look, Bitcoin's chilling.
Still consolidating.
I think it almost hit 120K this morning.
So absolutely love to see that.
Nothing really to report here on that front.
It's just doing...
I mean, it looks like we're just going to consolidate
and then just rip again.
That's kind of what it feels like on that front.
What did we hit this morning?
I think it was...
Yeah, 119.6.
So again, knocking at the door of 120 K,
not that bad.
I mean,
3760.
I know it was the first green day,
right?
But it's back green,
about red day,
but it's back green.
It seems.
That's gotta be,
yeah.
Wait,
I'm seeing 3670.
Hold on.
Let me refresh.
I think it did.
Okay.
Sorry.
It had not refreshed,
uh, on my trading view but
here so 3670 i mean still not bad
i mean like oh why are we selling and it's like straight arrow than like a little dip at the top
so 3670 solana dude talk about a runner it seems like we kind of talked about this, how like ETH had no narrative.
Solana loses the consensus amongst, you know, traders.
Solana starts to run.
Let's look at Sol ETH.
I mean, the Sol ETH chart looked pretty bottomy at some point and was getting kind of, there's a lot of grave dancing, I feel.
Now, look, this is still not the greatest looking chart, but it was some grave dancing happening on that front.
To me, it's like normal Salon's running, right?
It looks like he even reclaimed third spot or fourth spot flipping BNB
back to $100 billion FDV, if I'm not mistaken.
Yeah, there it is.
Over $107 billion, $120, sorry, billion FDV.
So that's that.
And Dogecoin had a good run yesterday,
Tyler, and seems to
have retraced a tiny little bit
to 26 cents. So Mark is looking
healthy.
Yeah,
maybe it was looking good. A bit of a
pullback. I mean, Bitcoin's basically
about to be even on the day. It is
even on the week. I think that
the headline from the past seven days for Bitcoin is we had the large whale sell.
I think that either $40,000 or $80,000 Bitcoin OTC.
I think it was $80,000.
So it's going to take a little while to turn through that.
I think the fact that Bitcoin didn't even go below $116K with that level of sale from a
2011 holder is
pretty significant.
So, shopping,
consulting, and this range before the next leg
up is still my current view
on Bitcoin.
ETH was kind of due for a cool
off. It was definitely overbought.
I mean, we just have to try it from $2500
to $30. I mean, we just have to try it from $2,500 to $3,800. I mean, without a
single layout, like
dip, right? Between $200,
actually. Crazy.
What a run.
Yeah.
This is probably Mando here.
That's the Mando candle. Maybe he did retire.
This is Mando. Yeah, maybe he did retire.
You're right. So you're telling me that the day he
goes on vacation, there's a red candle.
My tinfoil hat is tingling.
I didn't expect to come in here with the tinfoil hat on, but I just hit looking at the chart
because my chart didn't refresh until now.
I didn't really pay attention.
So interesting.
Interesting things happening here.
Speaking of Ethereum, dude, I know you're sharing a website this time,
but SBED, Sharpling Gaming, announcing 79,000 more ETH added to the treasury,
now reaching 360,000 ETH.
Even though they had a slight little dip yesterday,
which obviously that's normal as well.
They're back up today, four points.
But, dude, it's pretty wild.
Is this up to date?
Yeah, it's up to date.
It is up to date now.
Yeah, look at that.
Look at those numbers.
So Sharpling Gaming has been held 360,000 ETH.
It's worth about 1.3 billion.
They're up 334 million.
They're up quite a bit on their buy. So last week's buys,
they bought 80,000 ETH last week at a
32,30 average.
So they're already up almost
20% on those buys
already. And that's not
even counting some of the staking yield. They're
already starting to pull in.
The news for us,
but they've got about $100 million left in their original ATM program.
So they can buy a bit more ETH still this week.
And then Thursday,
they've got the shareholder meeting to approve the $5 billion ATM.
So that's going to be the big one.
So they've got what?
Two,
how much are they holding right now?
They hold 1.3 billion, so they would 5X,
4 or 5X in size
if this goes through. Wow.
And we've seen how
they've been moving. They've been moving at a pretty breakneck pace.
I think they're going to be in a bit of a race
to accumulate. I mean, it's going to be somewhat
dependent on how they're able to sell their shares
on the open market, right? But
the appetite has been there. So I don't think they're able to sell their shares on the open market, right? But the appetite has been there.
So I don't think they're going to have a huge problem.
Yeah.
At the same time, Bitminer, Kathy Wood announced
she has
good plays and bad plays.
$180 million investment in Tom Lee's
Bitminer. So she's hard
on Bitminer. I haven't been following their
ATM as closely. I think they still have a substantial amount that they can
churn through. So the ETH buys from Sharpling will likely
be a bit slower up until perhaps Friday
at the earliest than that funnel might turn back on. So I'll be curious
maybe ETH kind of chops in this range for a bit. Maybe it dips a bit
after this run. But there's gonna be plenty of
buy pressure coming i shared the etf stats it was pretty wild to see i just did the quick math on
the last six days 2.48 billion in ethnet inflows 2.25 billion in bitcoin inflows so they are
outpacing so that's a pretty substantial trend to watch. Now the question is, when sole ETFs, right?
I mean, I think you have to be pretty happy to see this sole price action
without the institutional bid, right?
I think we've got a few treasury co's who are spinning up.
There was a salon treasury co announcement.
Mercurity FinTech announced plans for a $200 million sold treasury.
I don't know if they bought yet,
but the ETH run is heavy on ETFs and treasury co's.
So is up more than ETH on the week.
And without that narrative,
I mean,
we had that soul stake in ETF,
but I think it's got like a hundred million in inflow so far.
So it's a bit on the smaller side.
So I think when the actual sole ETFs come in,
that is a fairly strong catalyst.
It's just a matter of how,
how much inflows and how quickly will they come in?
But I think you,
so you can be fairly optimistic for the future for your sole holder here.
Dude, it's a, it's definitely looking bullish.
So, you know, I think what's funny is like every time it's like there's going to be a little dip right now, whatever.
People are going to start saying, oh, that's it.
I'm already every time.
There's like 5% dip, dude.
I'm seeing top.
Are you also seeing that?
I'm not even trying to be that guy.
It's like, oh, like genuinely yesterday
and this morning for fun, I was reading bearish takes
because it's important, right?
Especially like when you feel a little euphoric
and whatever, like I wasn't euphoric,
but I was a little overexcited yesterday, I gotta say.
So I was like, fuck it, let me go read bearish takes.
So I started, I literally spent like nothing,
like five, 10, 15 minutes.
I was reading bearish takes from people who I think are,
like not like the typical bears that like do impose,
like some people that are like,
tend to like have an okay kind of opinion.
But it's crazy how much these things come up
as soon as you have a little dip.
Like Bitcoin goes to 123K,
wakes it, goes down to 118K,
and then that's it.
Like we blow off.
Like, oh, this is the biggest blow off in the history of blow offs.
Every time.
Every time.
Do you notice that?
Oh, yeah.
It is wild to me.
The number of people on CT who just can't wait to call tops,
who can't wait to talk about how they're going to try to scalp another 10% move
on Bitcoin and then stable up.
None of this stuff makes sense to me.
I think there's a lot of comparisons back to the 2021 market now.
Folks think we're going to top in November.
The four-year cycle is aligned.
I think I've been pretty honest on the show about my golden bull run thesis.
I still stand to that.
I don't know when we're going to pop.
I don't know when we're going to see the 10% to 30% pullbacks,
but I don't think we're going to have an 80% correction anytime soon.
So the concept of stabling up is pretty foreign to me,
and I'd much rather be long than try to call tops
or just talk about top signals each and every day on CT.
When we don't even have crypto in 401ks yet,
we don't even have spot holdings in the ETFs.
There's a lot of...
The Genius Act just got signed into law in the US
one business day ago.
There's a stronger case to be made
that we're in the early stages
than the late stages of the
cycle for me. That's how I'm viewing it. Yeah. Uh, slowly, but it's also still summer.
Uh, important to, to, to know that. Can you believe,
do you think these guys in the Hamptons are like Max Bitt and Bittminer and shit like that right
now? Or like, do you think like they're about to come back after Labor Day?
Like we can –
I think they all trade a little bit too high of premiums.
I agree.
I agree.
The 2, 3x nav is crazy, right?
But –
And I know they have to sell shares.
They have to dilute to,
to raise money.
But I'm just looking at Sharpling.
It's 2.6 billion.
And I know they're going to buy a 5 billion more.
So it feels like a cheap entry to me still.
Maybe I'm,
maybe I'm thinking about it wrong.
I actually buy DCA didn't.
I bought more today.
I think it's smart.
So I'm betting on,
I'm betting on daddy Joe.
I mean,
speaking of daddy Joe, he's pretty vocal, dude.
I don't know if you've been watching his interviews.
He's out there.
Let's share his page.
He did an interview with our friends who were at Milk Road, I think, yesterday?
Yeah.
This morning, which was just put out some very bullish momentum on the Linea side.
He's openly talking about the TGE and shit, seeing how everything's going to come along on Linea,
which you were right, by the way.
You've been saying for a long time, you don't think Metamask is going to have a token? It's going to be a Linea token seeing how everything's going to come along on Linea, which you were right. You've been saying for a long time, you don't think
MetaMath's going to have a token? It's going to be a Linea token and everything's going to
converge to that?
He didn't confirm that, but it's kind of
heading that way, the way he's speaking.
But it's...
Click that one.
Click the Leishie for this.
Yeah. Click into the one that he
retweeted here. I thought this was very
notable.
He actually wrote about us two days ago. Yeah. Yeah. Click into the one that he retweeted here. I thought this was very notable. Let me follow him.
He actually wrote about us like two days ago.
This guy.
Let me follow him.
Yeah, go ahead.
He's basically laying out predictions for Linnea.
This one is big.
Ethereum L1 would use Linnea to become the ZK native execution layer.
That's big.
That kind of means, my read is that Linnea could become the L1 of the Ethereum foundation. That's big. That, that kind of means if my read is that linear could become DL one of the
Ethereum foundation.
two,
sorry.
Is that what it is?
Yeah.
Damn.
So you've got that aspect.
We think they've been pretty open that sharp link is likely going to have
ties to linear.
Alinea. They're going to do DeFi.
They're going to do defy.
They're saying maybe even bit mine and others are going to do it.
They're saying maybe even Bitmine and others
are going to do it.
But then he's
saying beyond that,
he's speculating that Alinea will drop
its tokenomics before the end of the month.
There's only nine days left in the month.
And perhaps
TGE next month.
Granted, that was late Shiffrey speculating on it,
but Joe retweeted it. He said it should make
for an exciting TG.
I've never heard Joe talk about laying a TG in public.
Exactly.
Oh, look at this.
This was very eye-opening to me.
Look at this.
Asbesties.
Hey, I like that.
The asbesties.
That sounds like asbestos a little bit, but I like it.
But what was the milk road thing?
Because I want to go back to Ethereum.
All that to say, by the way, Ethereum's the 10th birthday soon,
so I don't mean that's coded.
All that to say, I think you're smart. I don't buy stocks or whatever, but I think you're smart adding here to that.
It dropped quite a lot these past few days, but I don't know.
It's like 1.7 multiple of the Ethan Cash they have on hand right now.
I think the lowest I've seen is 1.3.
It got up well into the mid twos, and that was a bit overheated so i like that as
as a play and then i mean if you're a farmer i'm not a huge farmer myself i will dabble every once
in a while if you think there's any chance that linea is gonna tge in the next month go do some
transactions right and i have no and i have no information about this. We talked to Joe.
We don't either.
He didn't talk anything about a token.
Not at all.
So I have no insight.
But I think there are worse ways that you could spend a few hours doing some transactions on Linneat.
And one way to do that, go use the DEX,
convert some ETH into USDC and make some Myriad Market Bets.
How about that?
Dude, you can do it all
natively on Metamask too. You can bridge on Metamask
and then you can place your bets on Metamask.
By the way, we cooked. Thank you for making me
$30, Tyler, last week.
So I'm up.
I made $10 on my League of Legends call.
Oh, I'm down on my
ETH above 10K now by 7 cents.
God damn it. that was up five dollars
there's a lot here there's crypto punks above 44 floor eth floor by the end of july 2025 which
that was insane right because the sweep happened here uh and that's friday so we'll see uh there's
the mog one 750 but the note took over here because you know eth and that eth memes took a
hit right withTH dip here.
The Rekt one, which looked good too.
Like all these just flipped recently overnight.
But there's a lot of markets there. And that's one way for you guys, I'm assuming, to farm Linnea.
I can't confirm it.
But because I can't.
Like I'll ask actually genuinely and see if we can make a post about this officially.
But this is just me assuming that
this is using Linnea, therefore
farming Linnea. Okay, like don't be
I just want to say this is Farouk the
speculator saying that and the creator.
Yeah, I don't know yet, but I'll ask. I'll ask and I'll see
maybe Sims, we need to ask and see if we can make a post about this if it's official.
Because I know for example, no, okay, no. There we go.
Not yet. I don't know but on abstract what's for sure
is if you use the usdc myriad markets you get more apps xp and there we'll get you their tg
there's many tgs coming abs okay so i get it i get it can we we should check on lydia too though
i just never confirmed anything so i'm just here speculating with Tyler.
So I'm not speaking as the founder of Myriad,
not speaking as someone working with Linnea on the Myriad side, okay?
This is Linnea on that.
Okay, okay.
I don't – I should probably shut the fuck up.
With that being said, I just – I don't know what I'm saying.
Tyler, just take it on, take it on, take it on.
Yeah, we can move on from that.
You should still use Myriad though.
Yeah, it's great.
Relevant to the salon and trade, we did see some soul betas start to move, right?
Farcoin was clear of the $1.60 level all night.
It seemed now it's back under, so we're going to have to wait. Killing me, bro. Killing me clear of $1.60 level all night. It seemed now it's back under.
So we're going to have to wait.
Killing me, bro.
Farcoin is killing me.
Let's pull it up. It went to $1.70
overnight, right? Because you were probably up. I was asleep.
$1.56.
It was otherwise I was going to bed. I have an early bedtime.
It was like $1.64.
Oh yeah, it's just totally reversed.
Damn.
Hey, at least it's-
This is our life, man.
This grind up.
This is the biggest blue balls of my whole career as a man.
Where's our lines?
I deleted my lines.
There's one line.
And there's two lines.
So we're consolidating above.
I think that's good.
It was the highest daily close since January 26th.
And I think this is another line.
There you go.
Yeah, here.
Because it was a high here, rejected.
It was a high here, rejected.
It was a high here, broke it, retesting it.
So those are the far core lines.
If we had to draw some clear lines,
simple ones,
this is where we're at, Tyler.
I think part
of the pain, and that's still a great
looking chart. It's a slow grind up.
I think in a lot of ways, that's what you want.
Partially what makes
it so painful is just
looking at the Pingu chart.
Dude, I was just looking at that before the show.
Look at that thing.
Unbelievable.
I don't even want to do it from the bottom.
Here's the E chart, funnily enough, even though it's on Solana.
I want to see how much it's up since.
Not here because this is far out.
Like here.
That was like July 11th, like 10 days.
God damn it, dude.
How much is that? 167%.
Yeah, so that's the thing.
It's very understandable
to have missed the first move off the bottom.
Yeah, like this one
is okay to miss. This one is okay.
It's normal. You can't miss those. But here,
let's say here, wow.
It's a 3x
in 10 days
that was publicly available
for anyone to go out and take.
It was all over CT.
it doesn't feel like a public
trade. You've got the Pingu
cult behind it. I think Wiz, to his credit,
has been pretty loud about it.
I think a handful of others. I think maybe Kuk
has been loud about it. Kuk, Greeny trades I saw.
I know he was trading smaller size because he gave his size,
but he did call it really early.
Then what?
Kuk did it.
A lot of people seem to answer it.
The thing with Penguins is it's not a trade that was hidden.
It's one of those trades that's in your face.
And you still missed it it meaning me and you
I still did really well
my peng like I claim my pengu at like
5 billion so it's around these levels
if you think it's like let's
look at it so I was looking at this like literally
one of the reasons I was late to the show is because
I was looking at the pengu chart
not even kidding guys
and it reminds me of this Tyler was late to the show is because I was looking at the Pengu chart. I'm not even kidding, guys.
And it reminds me of this, Tyler.
SPX.
This move here?
So we're here for Pengu, right?
Do you think, because we're literally here, right?
There's a cup.
Does it retrace and go?
Or does it just keep going into price's cover and they push it up?
Like, we're literally here, in my opinion, for Penguin.
It either keeps going or not.
Yeah, selfishly, I want it to pull back so I can get more in the position.
I mean, what a cup and handle that would be if it started handling down from here. The alternative is basically that it goes on
a 2021
or 2017
Shiba-like move, and it just goes
22x in two weeks
and does something crazy.
The thing is, it could do that.
The Pudgies are up to
16.1. I think they're close to 60k.
They're coming along
for the ride.
Certainly the token is up
more.
But Pudget Eco
is strong. It's strong momentum
into a potential abstract
TGE, which now doesn't feel as
far away.
I think all of these are later after summer, right?
All the ones we're talking about.
Q4 for sure.
Wow. I guess that's three. I think all of these are later after summer, right? All the ones we're talking about. Q4 for sure. Q4.
Wow.
I guess that's three months away, three, four months away.
I mean, yeah, Q4 starts soon, man.
Like, you know, as soon as I think August comes in quick,
I think it's September in Q4, I would say.
Like from September on.
I would say Q4 plus September is when I would expect
like most of the TGs to come in.
I don't think anybody's TGing
in summer. Or are they?
A lot of calls from the
OpenSea TG.
So let's talk about this. Let's discuss
this for one second. Because we're here and I actually had some
thoughts yesterday. I saw Moon tweeted.
If I'm OpenSea here,
I'm not TGing today.
And I'm someone who
really wants to TG. You see me tweet about it
all the time. I'm like, I got a thousand likes now that they're saying
OpenSea, let's go. But like, think about it.
You're the OpenSea founder, right?
Or foundation, what the fuck.
And if these are just catching a bid now,
you TG, let's be honest,
no one's holding that TG.
Dumpfest.
Right? Everybody's selling
it. I'm getting TG, I'm selling it. Everybody's selling it. I'm getting TGM selling it.
Everybody's selling it.
what do you do then?
How do you incentivize?
What do you,
what do you do?
Whereas volumes are picking up on NFTs.
If you're open to founder,
you're like,
let's let this NFT narrative play out.
Give it a few weeks.
And then TG,
you know,
I can't see both sides.
So I've been in the camp that they need
to wait until they've got
market share back and a real user
base and revenue numbers.
More of a strong, you know, fundamental
foundation before they can
really even think about this.
They had
that.
So like,
I feel like there's a total paradigm shift in the NFT marketplace space.
I was an avid Blur user.
That's where I checked every morning to update my minutes.
And I haven't, I haven't opened the Blur website in a quarter,
maybe longer.
Magic Eden,
it seems to be having some struggles.
I don't know.
I know they have much market share outside of the Bitcoin ecosystem right now.
OpenSea is again in the driver's seat for NFTs,
NFTs, which we're starting to think maybe we're on the cusp of an NFT season.
which we're starting to think maybe we're on the cusp of an NFT season.
Compare and contrast that with Pump, which some think perhaps is TGE-ing after they – like on the other side of the hill where they were the leader for so, so long, and now it's been flipped, and Bonk Fun is the leader.
And I've said that I don't necessarily buy that.
The sample size is still pretty short to say that Pump is dead.
But they TGE-ed when their market share is down to 30%.
So there's a situation here for OpenSea to TGE
where their market share, their sentiment is all up
and NFT sentiment is up, right?
So perhaps you get to ride that wave up versus trying to time a top or doing it on the other side on the way down.
What was that website?
TVXO?
TV, remember that?
Oh, TXO?
TXO.
Very terrible.
Whoever invented that, it's a horrible name for a website.
There you go.
Yeah, I haven't even looked at this in a while.
Horrible name.
OpenSea is way above now.
So the numbers are 24 hours, $21 million.
OpenSea is 43%.
Blur is 34%.
MagicEase is 12%.
I can't believe Blur is still that much. Oh, my gosh. People still use Blur's 34. Magic Isn't 12. I can't believe Blur is still that much.
Oh my gosh.
People still use Blur, dude.
It's just muscle memory, right?
Yeah.
I mean, and I had that muscle memory for a long, long time.
Like, my muscle memory has always been open to you,
even when Blur was out.
Like, I just don't like changing something that works for me,
but that's me.
Let's go on third.
I wish this could be more than 24 hours.
Maybe seven days.
Okay, here you go.
Oh, crypto slam maybe, no?
Go to marketplaces.
You're on the dashboard.
Go to the left panel.
Oh, you're right.
You're right.
You're right.
You're right.
No, 24. Oh, seven days.
Wow. OpenC 45%.
OpenC 48%
in the last month. So half of them.
They're destroying everyone.
I think... Yeah, so they've
got 50% market share.
You know who has a token?
And has lower market share to OpenSea?
Everybody else?
Blur and Magic Eden.
Pretty much all do.
Magic Eden has a token.
What happened to that?
I was looking at it the other day.
By the way, by no means is this a knock on anyone.
I'm just comparing things, right?
They have tokens.
You're the founder of OpenSea.
You look at this.
Do you launch your token out?
I don't think so.
I think you wait.
By the way,
by waiting,
that could mean two weeks, dude.
That could mean
treasuries come out,
treasury one,
treasury two,
treasury three,
bids, bids, bids, bids, token.
Shit could change
like overnight.
Yeah.
I wouldn't TGE like today
because then it feels like you literally just waited for this
First big weekend that too by the way it kind of looks like a bolo
I'm curious what people think in the audience by the way kick.com forward slash dj is live comment
What you guys think like i'm genuinely curious like there's a lot of people in the audience been here for a long time
Like what do you think like but don't put your dj and house saying tGE now when when when actually think about this for two minutes
you know
because I've been thinking about it a lot
and I wouldn't TGE today
yeah I think that's fair
I think there's just something to be said
of trying to get to TGE ahead of a big wave
ahead of trying to like TGE at the top of that
that's true
you're also right about that.
Where it also gets interesting
is if you think funds are going
to pile into
the NFT trade,
are they more likely to pile into
an OpenSea token first?
Or is that more
likely than individual
NFTs?
Right.
So I think that's something else to consider.
And we had that news.
So perhaps quick segue.
So GameSquare,
which has been building an ETH treasury,
two-part announcement.
They're going to up that treasury from $100 million to $259 million.
It's a pretty good size. They'll be a top 10 player in ETH for sure.
And $10 million earmarks for NFTs.
So I think that was very popular
with the NFT portion of crypto Twitter yesterday
when folks saw this.
I think there's some conflation
of the two aspects of this headline.
Like the 60-10% annualized yield
is what they're trying to do overall.
I don't think that is tied to their NFT portfolio specifically.
I don't think they're going to try to get 60-10% yield on NFTs.
That's just their broader book.
Then I got my head spin.
Was GameSquare the company that swept the punks?
As I understand it, no, they're not.
They've still got $10 million to spend. company that swept the punks and as I understand it, no, they're not. So they've
still got $10 million to spend.
I am curious. If you're going to buy $10 million
in NFTs
for a treasury co, what are you going to buy?
I mean, there aren't that many options.
Not only punks
and Pudgy at this stage, but Pudgy's being bought
by that vehicle probably.
What are you buying?
Really?
Squiggles and ponks, dude.
To me, it's just squiggles and ponks, really.
If I was a treasury, so I have my fiduciary duty.
At this stage, Pudgy is going institutional, so you could maybe include them because of the ETF.
But you have to get it accepted.
So maybe we're assuming that the ETF, but you have to get accepted.
So maybe we're assuming that the ETF is getting accepted because the ETF is Pengu eat and pudgy penguins.
I'm just talking pudgies though.
No little pudgies and all that.
Um, I don't see anything else, man.
Punks and squiggles maybe like art or like store value type thing.
Art's tough, right? It's just like, that's why I'm just saying squiggles. That's what Jenny just and squiggles maybe like art like store value type thing art's tough right it's just
like that's what i'm just saying squiggles that's what jenny just thinks squiggles squiggles have
that like art blocks historical i'm not even talking for dancers i'm sorry autoglyphs
those are like the most illiquid and i think they're also they're one of the higher value
assets for sure i think that's a good bet on a five to ten year time horizon
it's a trickier asset if you think you're going to have to
be liquid on it in the next 12 to 18 months yeah. Yeah, I don't know.
Let me see the squiggles chart.
Let me see the squiggles chart.
Yeah, let's go read the squiggles.
Squiggles I like a lot.
By the way, that vehicle is about 35 punks,
but 11 squiggles, right?
Which is a pretty, that's an interesting
split.
So punks are 180,000.
Squiggle chart.
How do I do this?
So they're like 90% punks, 10% squiggles or something.
Yeah.
Squiggle chart.
I can't get to load them on it.
Is here a floor?
Well, that was in 2024, yeah.
They were much higher, though.
I think they hit 20 at peak in 2021.
Very, very brief.
That was brief, though.
That was mega brief, yeah.
I don't know.
It'll be fun to watch.
We'll all be getting excited when we see a fun piling in.
I think a lot of folks are also racing to call that a top sign.
Yeah.
I don't know, man.
Instagram motherfuckers are not dropping nft collections yet so like there's not like offset there's like no new nfts at all like all these celebrities
like soldier boy hasn't dropped a 10k pfb collection yet and you guys are calling tops
i mean like that shit was crazy in 2021 like i lived it it was the middle of it
literally in the middle of it every day was like golden state warriors president calling me
gronk's team calvin harris's management paris silton facetiming me with her husband
Paris Hilton FaceTiming me with her husband.
True story.
Mike Tyson on the line with some manager.
Fucking artist selling out a Nifty Gateway every five seconds.
This is not it.
All this is happening with coins, but I don't think so.
I think NFTs will always come back.
NFTs get more engagement than anything on the timeline right now.
I know you noticed that.
Sure do.
I know you noticed that. I posted do. I know you noticed that.
So I posted, what's your favorite NFT from 21?
Show me the comments, like 400 comments.
You know what I mean?
You got a thousand likes for asking something about NFTs.
We didn't say order knows, Bongo.
That's a bad word.
We don't talk about that.
That's not nice.
Maybe if Magic Eden switches the term, let's just call them NFfts and they'll probably catch a bit by the way um i don't know this is insane
someone said food up for up i bought an elevated deconstruction which is an art blocks created
piece last cycle for 49 eth and sold it for 200 eth four weeks later i come months ago i rescoped
another one for four and a half ETH.
And I think this will go on a run.
200 pieces only in Arbox.
Yeah, you're right.
Elevate this guy.
He's right, though.
Like, whoever that person is.
I love it.
Whoever that person is, like, is right.
DJ and Life.
These Arbox, I mean, you were saying, like, these Arbox catch in a bit, right?
Yeah.
I'll just dive into that for a second so when i saw the squiggles pump the first place
my head went yesterday i was actually consciously thinking about this i was yeah i was like should
i buy construction tokens in genesis those other two day one art blocks collections so usually
so there's three day ones of squiggles Squiggles, Construction Token from Jeff Davis,
and then Genesis. And typically
Squiggles always moves first. And then you've got
the Fidenzas and the higher end stuff.
And then usually Genesis and Construction
Token would reliably catch a bid.
And I haven't checked in
on those floor prices in a while.
What is it?
Construction Token is 0.888.
Oh my god, that's a buy.
Matt is going to see this clip and die.
0.88, 0.94, 0.94, 0.94, 1, 1.6, 2.84, 4.2.
10 buys and you're up to a 64.
So I'm going to spend some time looking at this.
What are elevated deconstructions?
I have to say.
These are sick, dude.
They're actually fucking sick.
There's a lot of those art pieces that are called a big bit elevated.
They're expensive.
There's only five listed.
Yeah.
What's the website?
There was an archipelago.
Archipelago Art Logipelago art logs.
Does that still exist?
Man, there's a...
We got to tap into our...
There it is.
There it is.
So, remember QQL?
Oh, my God.
That was great.
That was a huge curse.
An autoglyph store today
for like 300 grand, no?
Mm-hmm.
Archetypes were...
Those are kind of like
an unobtainable. I think most people are probably not buying an autoglyph. Arch today for like 300 grand, no? Mm-hmm. Archetypes were not. Those are kind of like an unobtainable.
I think most people are probably not buying an autoglyph.
Archetypes were crazy,
bro.
These motherfuckers were going for so much.
I just want to see the floor prices and everything.
So curious.
Anti-cycle.
This is taking me way back,
dude.
This is where I focused most of my time for summer 2021.
I was like too for P&Ps.
I was just trading.
What about these bad boys?
What about these?
What are these cryptos?
What about these?
They went to like a 15th floor on my very first show.
I did a segment where I said that Cryptoads would flip
Bored Apes and CryptoPunks and be the number one
on the back of their
background I was fully drinking
the Toads Kool-Aid
I sold Hoodie Toads for
30 ETH
those things were really
I know you were a big Cool Cats guy
yeah huge
hey that was a crazy call though we ran it from .1 ETH to like 50 ETH so I know you were a big Cool Cats guy. Yeah, huge.
Hey, that was a crazy call.
We ran it from .1 East to like .15 East. So people can say anything they want.
That shit was nuts.
Zuki went to 35.
2.24.
Where's Clone X?
It's a great time for Clone X to come back right now.
Psyche.
We're back.
Oh, yeah, yeah, yeah.
Anyways, let's see the time.
Is there anything we can talk about?
We had to go over anything in depth.
We just have to do like a full.
Maybe we get Deez on and just do a full.
I asked him.
Deez does not wake up before noon, brother.
I'm trying.
I'm talking to him.
Talking to him.
But, you know, you already have him at noon today on Kick Dog Conference.
Deez is live.
Make sure you tune in. Jeebs, Peter Jennings, Deez, and him at noon today on Kik.com for DGN's Live. Make sure you tune in, Jeebs,
Peter Jennings, Deez, and Tyler
in two hours on this channel. An hour, sorry,
in 10 minutes. On this same channel,
he's going to come. Also, the code today was
Pengu, right? Sims. P-E-N-G-U.
Yeeterboard. So make sure you go to
DGN's Live on Kik.com,
DGN's Live. Make sure you drop us a subscription,
guys. If you want anything,
free down to support, make sure you sub to us. us good way for us to grow uh make sure you retweet our show every day if you guys don't mind i post it i pin it tyler posted sometimes mando posted it's
good to it's good to get more listeners get us up in the kick rankings uh if you want a better um
you know experience video is always way uh more fun and the code is no pudgy sorry not pingu pudgy i'm sorry p-u-d-g-y p-u-d-g-y
i'm sorry guys pudgy is the code tell yourself a few uh few minutes though is there anything we
missed out on yeah so big development from kaido so they've launched their capital launchpad
so what's that uh it basically is their version of Kobe's Echo,
where Yappers will get access to effectively ICOs,
coin offerings,
or basically the fundraising process of these projects at earlier stages.
It's earlier stage investing.
They have their first project live with Espresso. Espresso
is a base layer for roll-ups. They are raising $4 million at a $400 million valuation. I think
it comes with a 12-month lockup as well. So that is a higher value deal kind of out of the gate.
So that is a higher value deal kind of out of the gate.
So DYOR, I haven't had a chance to do a whole lot of diligence on this one.
I think why they went this route at a higher valuation project to launch,
I think they wanted one that had a little bit more backing, a little bit.
I mean, none of this is safe by any means if you're getting into this earlier stage investing,
but Espresso's already raised money from
A16Z, Sequoia,
and other big players.
So I think Kaido went that route on purpose.
More of a substantial
project,
so to speak, but at $400
million,
maybe a little bit less of an ROI
opportunity.
You're number one on the week?
Yeah, I think I'm going to try to do a fair amount of these.
Did you say one per week?
Are you number one on the week here?
Is that what I'm seeing?
Oh, I am, yeah.
Damn!
I'm sorry, dude.
I got to address you differently.
I got to speak.
Look at me, 270 on the week.
Sir, sir, I got to speak. Look at me. 270 on the week. I got, sir, sir, my Lord.
Damn. This motherfucker is number one of the week. Dude. I just hit number one daily and
number one weekly. Excuse me. Excuse me. My number one. That's why Mando's not here.
Yeah. Yeah, dude. Mando's, dude. I'll hit the triple crown if I get the month.
Dude, triple, damn. Okay. We've never done never done that mando and i that's something we've never achieved
like that sheesh that mr top yapper on the damn dude that's crazy bro that's fucking crazy i'm
telling you uh i'm telling you people are gonna people are gonna people are gonna study
you know uh you know tyler coming to rug radio like the lakers acquiring kareem abdul jabbar
in 1975 that's that's just crazy bro uh anyways uh so let me check this platform out so i also saw
on the other hand competitive cookie partneringivity, Cookie, partnering with Legion.
Did you see that?
Oh, I missed that.
So this is it, right?
The capital launch pad.
Okay.
Interesting.
I love the idea, right?
I mean, I think this is one of the cooler aspects
of on-chain crypto, right?
Is democratizing access to investing like this.
Historically, there's been hurdles,
even though it looks like those hurdles
are actually starting to come down.
Perhaps we can talk about it on tomorrow's show.
No US users.
So it is KYC, which I think
is par for the course
with this type of a product.
It's funny, the KYR
just got organized.
Remember KYR rounds last year?
They just got organized.
That's effectively what it is right um and she thought it's new opportunities to to invest right so i think that's
uh always a positive and once again we got five minutes left i don't know if we'll have time to
get into the polymarket news no we can talk about it quickly i mean i was a little confused
personally by like i know they acquired the exchange qCX or QXE for $112 million, which by the way, huge ticket to pay when DCM licenses, legal fees will run you like a mil, two mil.
So maybe there's a reason for that.
My other question is, they worded as we're returning to the USA.
Were they ever out?
That's what I also picked up on that. I was like, when were they in the U.S.?
Because they beat the DOJ, right?
Like they, well, yeah, first of all, when were they in?
Second of all, they beat the Department of Justice.
Like they beat the case.
And I mean, I don't mean that's a knockout, but I'm not, it's a good way.
Like I don't understand the wording of this.
I have not been like deep
studying the space. I don't understand why Calci can operate in the U S it's a DCM license.
So it's a license that allows you what's DCM mean.
We're working on it as well. It's so much work.
I mean, I'm not doing the work.
It's a designated contract markets.
So it's, it allows you like, for example,
DraftKings does not have a DCM license.
They're a gambling license, right?
So it's a special license that allows you to serve futures contracts in America.
And CalShe was the only one who had it on the most recently,
where PredictIt and also RailBirds got it.
And so I know Shane and Polymarket behind the scenes have been after that,
after that, but the DOJ thing didn't help.
but the DOJ thing didn't help.
But I didn't really understand
But I didn't really understand the wording of this either.
the wording of this either.
So Sergi Dubrovsky,
the founder of QSEX, is saying
they began the process to obtain their DCM
over four years ago.
So maybe it's just a very
time-intensive... Oh, they have a DCO as well.
this reads
to me that Polymark is basically buying these two licenses
for $112 million.
That's a lot of money.
Yeah.
It even says Polymark is coming home.
I'm coming home, coming home.
It's a big deal.
I know we joke like, oh, US users can take flights, all that.
But it's annoying, dude.
And how do they cash it out?
How do they cash it out?
Some people also just don't want to take the risk.
I know us DJs,
we take the risk.
VPN this, VPN that.
But the average American
doesn't know how a VPN works, dude.
Also, the average American... I also ingest people who just don't want to do it. They don't want to to VPN works, dude. Right. Also, the average American.
I also have people who just don't want to do it, right?
They don't want to take that risk on it.
It's totally understandable.
And what a ticket to $100 million.
Fuck.
Interesting.
Good for them.
Good for us.
Good for the space.
You know?
I'm all in.
You know? I think what's also very interesting
we didn't talk about this
is that they launched
their presidential election market
along with that 4% yield
let's go check it out
I think that's super interesting
it's extremely interesting
oh no
I closed the back accident
my bad
let's check it out
it's okay we go over
five minutes
let's check out the present It's okay. We go over five minutes.
Let's check out the present election. I was curious about it.
Are you seeing the screen?
Yeah. So Vance is at 28%.
Newsom is 14%.
I think it's going to be Rubio, dude.
Rubio?
Yeah. I think Rubio
is the one in line, not Vance.
I would be betting Vance on this ticket.
And that's the only one I would be betting on.
Can I ask you how come Newsom's at 14%?
Like, is he not, like, really hated?
I think he's still looked at as the leading Dem Canada.
He's the most center.
Not OAC?
AOC's out there.
Oh, AOC.
If you're betting on AOC, you betting on AOC you're looking at the
Mom Donnie election in New York City
and thinking the pendulum is out there
Trump at 3% is wild
it was at 6% on Saturday
Don Jr. 2%
you can putt that
no family biz
Elon Musk 1% I mean he can't be president he's not American right On junior, 2%. You can putt that. No family biz?
Elon Musk, 1%. I mean, he can't be president.
He's not American, right?
Yeah, Tim Walton won.
Stephen Smith.
Oh, God.
That's pretty funny.
I would go...
So you can say that, like,
Stephen Smith has the same odds as Tim Walton.
I mean, he's a great social post.
I would go Rubio here, honestly.
He seems like the fittest person
to be president at the moment.
Post-job.
Is he doing a good job?
I haven't been following Rubio
specifically that much.
It's like Vance as VP.
I think he's going to be next in line.
He did such a good job in the debates.
Also, this changes if the
America Party comes out of nowhere and then
they have a leader.
If you're betting this to market, just understand a lot of things
can and will change
in the next three years.
It's still a long, long way away.
That's where the 4% yield gets interesting.
It wouldn't make sense to bet on these no sides of these to get 1% on your money.
And that's where you can get lines that are skewed a little bit.
But now you're going to get 1% plus 4%.
So it's actually a decent yield to have the no side on some of these markets.
And then if you think there's going to be a token,
you can farm a token and all that.
Big update for them.
They have not put that in place yet.
So don't go make a bet today
and expect to get 4% yield
because it's not in place yet.
Okay.
Yeah, I think that's it.
That's our topic.
All right.
Let's give some money away.
That was a good show. I have a lot to talk about man
even two people we go an hour
alright let's give some money away
let's give some money
I hope you guys all put the code Pudgy
up y'all
what up Christos
I need that KO guy to win, dude.
I just saw.
Is Simms here?
Simmothé.
Simmothé.
Simmothé.
All right, here we go.
Yeah, let's go.
Let's go. Yeah, let's go! Let's go! Knowledge!
Knowledge!
Who's knowledge?
I don't know who knowledge is.
What's his username?
I haven't even seen this guy.
Knowledge on kick.
I love how Kay Oak is always congratulating people.
I love how Kay Oak is always congratulating people.
Kay Oak, you got to win.
I promise you, dude.
Knowledge 11.
Knowledge 11.
If you're, are you in the, oh, he's here.
He's here.
He's here.
He's here.
He's here.
Let's play something fun with him.
Play something fun with him.
I have the heat open. All right. Knowledge 11 is something fun with him. Play something fun with him. I have the yeet open.
All right, Knowledge11 is here.
Knowledge11, you're in the comments.
You're here.
Where's my thing?
Let's share.
What should we do with him?
Do you see his comments?
Where is he?
Whoa! Oh, fuck, my arm just fell Jesus hold on
We could do
My whole arms fell
Mike
This fucking desk, man.
It's killing me.
Okay.
Yeah, it's literally a Timo mic stand at this stage.
I'm so pissed.
What's up, Sims?
He's actually asking for Blinko.
Oh, he wants Blinko?
Fuck it, it's a Blinko then.
Yeah, let's give it to him.
Oh, she.
It's a she.
She?
Oh, it's a she.
It's a she.
Let's go.
It's a she.
Oh, okay. You want Blinko? All right. I acknowledge. It's better for us Let's go. It's a sheet. Oh, okay.
You want to play?
All right.
I acknowledge it.
It's better for us because I have,
I'm fucked here.
This desk is fucking driving me nuts.
Let's do a hundred balls.
Turbo ball.
All right.
A hundred fives.
A hundred fives.
All right.
And though,
If you can take a screenshot, Simothé.
39, 26, 24.
Hang on, hang on, hang on.
Yeah, I'll let you do it.
500 bucks already pocketed.
Already 500 bucks pocketed.
All right, we're good?
Rip it.
All right.
105 turbo mode on and go.
Come on.
Let's get a thousand X. Let's get a thousand X. Come on, come come on come on come on come on come on come on we don't like this dark a couple of four x's a couple of four x's okay okay okay okay okay come on give it the
satie.com. Oh, that's four. Oh! Oh, 9X, 9X, 9X.
Oh, 9X again.
9, all right.
They lost 120, so that's like 380.
All right, it's not bad.
Is it about like 800 bucks?
Is it about 800 bucks?
Something like that.
Well, with that, with that, congratulations.
You made 800 bucks.
We've already given away $2,000.
We'll see you all tomorrow morning at 10 a.m.
Easter, it's 10 at the time for the episode of FOMO Hour on Rug Radio.
Let's go.
Oh, man.
Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. So nice. Thank you.
