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FOMO HOUR: ETH SZN IN FULL EFFECT
Recorded: July 17, 2025 Duration: 0:59:48Space Recording
Short Summary
In a dynamic crypto market, Coinbase's new Base app launch and record ETF inflows signal significant growth, while the U.S. House's crypto bill votes highlight ongoing regulatory challenges. As ETH approaches potential all-time highs, the landscape remains vibrant with new token launches and strategic partnerships shaping the future.
Full Transcription
Thank you. Thank you. Yo, yo, yo, yo, yo, what up, what up?
Good morning, good morning, GM, GM.
Thursday.
Oh, baby, I like your wife. Thursday. July 17 baby, I like it. Wednesday. July 17, 2025. Look at that. Another beautiful day to have a beautiful day. I got my co-host in the house, Tyler.
Good morning. Every day is a great day. How are you doing today?
Every day is a great day, huh?
How are you doing today?
I'm doing fantastic.
I woke up and I saw that the most important ascending wedge in crypto may have finally resolved to the upside.
So we're feeling good here on Thursday, July 17th.
We're feeling good.
Pump bags are down, but Farcoin's bags are up so much that it's kind of like offsetting.
It's offsetting the rest.
Mando seemingly decided to retire pre-4K.
He lied to us.
Ethereum's not a 4K yet, Mando.
Ethereum's not a 4K yet, Mando.
You don't get to retire.
I'll put it out there, though.
Farcon goes to $10, and Tyler's going to be hosting monologues on the show.
Maybe you can host with Sims.
Uh, I'm just playing y'all.
I'm just playing y'all.
Never happening.
Uh, Mendo's, uh, chat and Mendo's on his way.
Uh, we're so stupid.
Um, wow.
Everything's running.
Do you see Coinbase talk?
That's nuts, man.
Wow.
I love it.
It's like different things running every day.
Wow.
Coin stock.
Yeah.
Oof.
Yeah.
What?
409.
Oh, my God.
I had a friend of mine.
George, are you listening to the show still?
Now that I'm – I had him load up at $99.
We were – yeah, we were smoking weed at home.
Back in the days, I used to smoke weed.
It's been four months now. Not bad. So we were smoking weed at home. Back in the days, I used to smoke weed.
It's been four months now.
Not bad.
And one night, I was just looking at stocks.
And I was like, I think this Coinbase thing at $99 feels like mispriced AF.
Back then, it was like only one crypto stock.
It was a master, master, smacker, coinbase.
It looks small.
It was $99.
And then I sent my mom to the bank to put some of her savings into, like you have equivalent for one cane in Quebec into Coinbase.
And all that for her guy,
whatever tell her to say that it was too dangerous of a trade given her age
and her risk,
you know,
like your different ages have different risk thingies they can take.
I told her to put the guy speaker and tell her as an idiot.
And so,
yeah,
I mean,
down bad,
you know,
what's much money,
but it's like a four X from there.
you know what I mean?
Brutal.
Like anyways,
but it's okay.
I'll take care of her.
But that,
today's show,
we got the market.
We got to talk Tyler's top 100,
which we didn't go through yesterday because God, we had a big convoy.
Yes, it was great, though.
Good content.
But let's go through it.
Maybe actually we'll start with you today.
And then, giveaway.
So make sure you come and make that money.
Make some coin with us.
$1,000 a day.
Kick.com forward slash DJs live.
The instructions are there.
Come listen to us on Kick, by the way, y'all.
Come listen to us on Kick for sure, actually, because that way you can help us grow on there we're the second largest america english
native uh crypto stream on kick yesterday which is awesome and honestly if you want to win money
it's on kick so make sure you retweet that i i pinned it to the top of the spaces even if you
listen on twitter spaces uh we're pretty sure retweet to our kick stream and if you listen on
kick go to my twitter and also retweet the kick stream because that helps us grow every day on top of the subs.
We're already trying to find some more ways to even give you guys even more on kick.
So we're working on that.
And so as usual, the show is powered by Wallet Connect.
Wallet Connect is a connectivity network shaping the future of launching UX.
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Tyler, I'm going to go to you.
Mando, I see you in the...
What's up?
I'm going to go to you in a second right after that.
But Tyler, let's run it through you.
And then we'll chat with Mando.
For daily NFT and crypto analysis. Oh, he's got a collar on. second right after that but Tyler Tyler let's run it through you and then we'll chat with Mando was what a day it was yesterday crypto majors very green ETH and XRP leading the way. We've got Bitcoin, 118.5. ETH up 7% at 34.15.
XRP up 9% at 3.24.
Actually leading the way on the day and the week.
Even Solana catching a bid, folks, up 4% at 174.
Top movers and alts.
Floki, Curve up 25%.
Fartcoins up 20%.
Bonk up another 10% as well.
Coinbase and MicroStrategy stock both hit new all-time highs yesterday amidst this market pump.
On the ETF side, ETH ETF inflows $727 million yesterday, smashing the prior record by almost 2x.
So just a massive day of inflows.
For perspective, that's the equivalent of about $3.5 billion of inflows into Bitcoin.
So a huge number there.
The other headlines, Bank of America and Citigroup sharing plans to enter the stablecoin arena.
We've heard whispers of that, but they are kind of doubling down there.
Coinbase unveiled their base app, a new all-in-one platform merging wallet functions, social networking, and AI tools, a major rebrand of their Coinbase wallet.
The U.S. House of Representatives has cleared the three key crypto bills for a vote
after a huge standoff last night.
So those are going to be voted on today.
And then that Trump WLFI token is going to be tradable soon,
though we don't know the exact timing.
In corporate treasury news, Sharplink stock, SBET was up 30% yesterday
as they completed their ATM program.
Bitminer stock up 12%.
They announced today
they already have a billion.
Tom Lee has been busy.
Our favorite shitcoin stock
or meme stock,
Liquor House.
Let's go!
150% yesterday.
$10. I think it's down this morning.
Tyler's fucking CTOing
a NASDAQ company, man.
I love this guy.
We're going to hostile takeover at Liquor House.
BTCS is being added to the NASDAQ.
They have $100 million plan to buy more.
London's a smarter web company
added 325 Bitcoin.
There's just too many to even less.
There are a lot of corporate treasury code announcements happening in real time.
In more crypto native news, Pump was down 15% a day.
No additional buybacks came through.
We had Radium come out and say their buybacks have surpassed 190 million.
Radium, 190 million buybacks.
That's a big number.
Listen to that, Adon.
You got to match that.
Yes, please. Like maybe today.backs. That's a big number. Listen to that, Adon. You got to match that. Yes, please.
Like maybe today.
Yeah.
That would be great.
I agree.
Plasma, their XPL public sale went live this morning, 9 a.m. Eastern.
And Kaido introduced their initial community offerings,
their own versions of ICOs coming soon,
teased as a launch pad owned by the community.
So look for more on that to come. Rounding this out,
AI crypto, AI market cap is up about
6%, 11.3 billion.
Fartcoin virtual is up 10%,
AIXBT up 10% as well.
And memes,
meme coin leaders are very green. Again, it shouldn't be
a huge surprise.
Most up 4% to 7% or so.
Ani was the big on-chain runner. It's up
25% to 66 million. Rekt, 210 was the big on-chain runner. It's up 25% to $66 million.
Rekt, $210 million.
A new all-time high.
Shout out to the Rekt homies.
NFTs, CryptoPunks briefly hit $148,000.
I think they're $143,000 now.
Goddamn.
Smashing Bitcoin.
A couple of Grail moves.
An Autoglyph sold for $380,000 yesterday.
And a nice skin pudgy, $65,000.ph sold for $380,000 yesterday and a nice skin pudgy, 65 ETH.
So that's $202,000.
So some big Grail NT sales as well.
Wow.
Well, there's a lot to cover here.
We're going to start with Ethereum and BitMiner and all that good stuff.
That's for sure.
But first, man, though, the fresh prince of Ethereum.
You can't be king.
You know, there's Joe Lubin and Tom Lee.
You can be the Fresh Prince of Ethereum because you get to retire off Ethereum.
So you don't have to work for Ethereum.
Right?
That's what Prince is do.
Man, how you doing?
I mean, look at the hair.
He's got the stats.
He's got the goatee.
Retirement season, man.
It's retirement season.
It's retirement season.
I texted him at 310.
I'm like, man, the last I checked, Ether's not 4K yet. You got at 310. I'm like, Mando, last I checked, ETH is not 4K yet.
You got to show up.
I'm raising my targets.
I saw that.
So let's start there.
And then we'll go to this conversation with Tyler because this is really big,
like BitMiner stuff.
Mando tweeted this morning.
I don't know if you saw that, Tyler.
Mando put a tweet out right before the show.
I wanted to bring it up.
Suddenly thinks there's a good chance ETH goes to all-time high. Mando put a tweet out right before the show. I wanted to bring it up.
Suddenly thinks there's a good chance ETH goes to all-time high.
Other than ETH, what would you want to know?
And so Mando's not calling for ETH here, Tyler.
It looks like you've got to raise your targets.
I mean, I think that's not actually that much
of a big of an increase.
I think it's going to go through all-time high, basically. I think it's going to go through all-time high, basically.
I think it's going to go through all-time high.
I think that's what you should prepare for now.
Just the way that this has moved,
it doesn't feel like it's topping out at 4K.
I do think we'll probably chop around here
for maybe a week.
Just because, as you showed on the chart,
there's a little bit of resistance around this level,
There's a little bit of resistance around this level, this 3,400 level.
this 3,400 level.
And I would be unsurprised if that chops for a little bit.
But then I think, yeah, we're heading to 4K.
Love that.
One of the reasons we're headed to 4K, Tyler, it's looking like Tom Lee.
Tom Lee. Thomas Lee.
Thomas Lee.
I mean, take us through this news.
That was some big shit this morning.
shit this morning.
We knew that Tom Lee and BitMiner
were going to start buying
ETH, and they had been cleared
to do up to a $2 billion at the
money program. It wasn't
obvious. So I think last
week they shared, they already had $500 million.
They came out swinging pretty
hard, but
they've been going at it.
They've been continuing.
So now it looks like they have just over 300,000 ETH.
They're holding over a billion dollars now.
For perspective, that puts them effectively neck and neck with Sharplink's holdings.
I don't think we know exactly what Sharplink has.
I think they have somewhere around 300 000 maybe 305 310
or so but those two are now neck and neck as the number one and number two holders of eth well above
the ethereum foundation which only has 240 000 and this all happened in the last month so like
these two companies did not hold this updated by the Oh, this updated, by the way. Oh, it did update.
They're number one now.
They only, but Sharplink has been buying since their last update.
So they're only updating them on official filings.
So you do have to be aware of that.
But regardless, massive amounts of ETH are flowing through these two treasury companies.
They're not alone.
Other companies like
BitDigital have announced it.
BTCS, lower on the list
there. They have new filings to buy
more. So more is coming.
And then when you couple this
with the massive ETF
inflows, go to the DGENs board.
Look at this number. I saw this morning
I was making some markets for Myriad, which is something
we got coming up later today.
And I was like, god damn, dude.
I don't even know where to put the line for next week.
You know what I mean?
Like, this is insane.
727 million.
Folks don't remember.
There was times where the ETH ETFs were crickets.
Like, they were running.
Yeah, months.
Yeah. A long, long time... Yeah, months. Yeah.
A long, long time.
Yeah, I don't know.
I can't see the history here,
but it was really bad.
Like, it was really, really bad.
The...
The first few months,
it barely got...
I think it had outflows.
It was just like a...
I think Coinglass has the history.
I'll find it,
but it was...
What's the other website, man?
I forgot.
It was Coinglass,
and there's another website you use.
There's a few different ones. No, it was what's the other website man I forgot it was Coin Glass and there's another website you use there's a few different ones no it was one more
that we've been using
for three years
on here together
Artemis
no no no
I coined something
I forgot
the block actually
has a decent one
oh maybe the block
has that
but anyways
the block has some stuff
yeah
block works
yeah
block works yeah
this is wild though, guys
This was crickets
What do we think it is next week, though, at this time?
Is this going to keep gobbling
300, 400, 500 mil a day?
Is that going to keep going?
I think one thing that I picked up on
Which you mentioned
Or you maybe weren't aware of
And I think actually
The broader crypto market is perhaps not aware of is
that everyone's been thinking that like if if it's like inflationary and everything's going wrong
but actually it has been inflating way less than than bitcoin for many many years here now um
and i think that's not something that maybe was in the the general, let's say. I think people just thought, you know,
ETH had somehow got that wrong.
And I think that as a narrative,
like I've seen it a few times on my timeline now,
which is like they're buying more than the amount of ETH
being produced every single day,
which was a really strong narrative for Bitcoin during that period.
But it feels like ETH people are picking up on it too now.
And it can spiral a lot more on ETH
in terms of net inflows versus issuance,
if you just look at those two things.
I think that's kind of a basic way to analyze everything
because obviously there's obviously huge holders which can sell as well.
But at the same time, I do think it's a narrative
that can pick up.
It's a narrative that Travfly can pick up as well.
Look at that.
It's not small since the merge.
Yeah, you're right.
Here, since merge, here it is.
Well, I think it wasn't as strong of a narrative
when the price was going down every day.
Correct.
Who cares, right?
But now it is.
And I think there's been a few,
like Sasol has been big every day.
He's posting,
here's the relative comparison
of the buy pressure from the ETFs
and the treasury codes
compared to the daily issuance.
And it's like 30 to 40x.
It's an absurd ratio right now.
This is so crazy. I mean,
look, I don't think we need to go over
how bullish this all is on the
east side too much because we
know about it. What else?
So Bitminer and Tom Lee, they have another
billion left in their initial
ATM approval. So they were
approved to do up to two billion
they bought one billion so far um joe lubin and sharplink are out they've they've maxed out their
initial oh no i think they still have cash on hand but they can't sell any more shares i think they
still have like three or four hundred million um as i understand, there is a shareholder meeting on the 24th a week from today.
And they will be likely
to introduce another
ATM prospectus
to buy more. So I think that's going to be a big
meeting to watch
next Thursday. And then we'll
have a gauge of
the next big, perhaps
appetite
demand for ETH coming from Joe and crew.
I mean, guys, these treasury companies are not stopping.
Like there is so much money on Wall Street.
Is there a way to see how much money there is on Wall Street, man?
Like is there something, is there like a thing,
like you know how like market cap of crypto is like something trillion.
So you can tell it's like Twitter.
There is, yeah.
Like what is the equivalent in Wall Street?
It's a little bit difficult to judge because a lot of things is on Wall Street.
Do you know what I mean?
Like they are big asset classes.
The biggest asset class globally is generally considered to be the Chinese real estate market,
of which there isn't, you know, houses aren't on the stock market.
But you're probably talking about $300 to $500 trillion of assets.
And we're talking about almost $4 trillion worth that's crypto total so just to compare the size right yeah exactly um so total three yeah global equities
is is something like 50 to 100 global fixed income is something like 100 and then you have the housing
market um so so crypto is tiny compared to some of this stuff to put it very simply, Nvidia is worth more
than all of the crypto market
by the way, speaking of which
that's another thing
look at this chart guys
total crypto is just starting to break out
this is not a breakout
this is nothing
it just hit all time high
oh it just hit all time high today
yesterday and look at total 3 by the way it just hit all-time high oh i just hit all-time high today uh a couple yesterday yeah
and look at total three by the way i think it was with you we kind of looked at total three
chart we're like yo this looks bottomed out i forgot when it was this looks good too god damn
oh my god so all that to say these are going to keep spitting out treasury companies.
If you think mania is hit yet, I mean, think again.
And if you think crypto people, you know how crypto people love it when it's a bull market, they launch things, they try to get, extract, extract, do this and this.
Just wait until Wall Street enters the chat.
Like there's so much money in this shit.
And they'll try to pump everything.
Sorry.
No, go ahead.
What was CZ Binance?
What was his call for the crypto market cap in the year?
On my podcast, it was 10.
Yeah.
Estimates, really, of people's near term.
I think it was 10 with Bitcoin at 5.
Something like that.
Bitcoin at 5 is a double from here.
I mean, that seems in the realm.
I mean, you would need a lot to go right.
I think that's on the, again,
that would be on the upper.
But that's still,
you need a lot from the rest of the market
to get the other five.
Yeah.
I mean, with all these ETFs and everything,
I mean, if Bitcoin's a $5 trillion asset,
ETH is a $1 trillion asset for sure, right?
One to two.
That's going to be a fun Q4.
Solana's like half a trillion.
BNB.
I mean, all these things.
But now we're talking like bull, bull, bull, bull.
So we're going to...
It feels like we're venturing into...
We're going to chill.
We're going to stop.
Right, Mando? We're going to stop stop this conversation This is how we all get wrecked
We're like 100x long
I had to like
I'm not euphoric yet but I'm having trouble sleeping a little bit
I'm not euphoric
But I'm like
I have to put my phone down
I put that tweet out yesterday though
That like this is the time where I see people make the most money.
And then lose the most.
So that's the thing.
Within hours of each other.
You've done it for over.
Right?
Like,
hit a big win.
Let's say Farpoint doubles tomorrow.
You bet your ass I'm losing a million dollars next day.
Right.
And this is what I'm saying.
Been there.
My one piece of advice, as someone who's done this,
and this happened to me very early on.
I've seen you, yeah.
It's like often you'll make crazy money
and then you'll piss it away on stupid trades.
Yeah.
I would say that you should consider rotating into Bitcoin
or consider like the higher we go, the more defensive you want to be.
The more defensive you want to be.
Or cold hard cash.
Like it's okay to have USDC in your account.
The other piece of advice I would take and something that I don't know if you've noticed, but I've been tweeting slightly less is spend a little less time on CT because I tend to find that it changes your perspective during these periods.
And you end up seeing people's big wins or you see the high emotion about like, we need to chase this, this, this and the other.
And often it's best just to be like, right, I've got my own game plan about what I think is going to happen here.
Often it's best just to be like, right, I've got my own game plan about what I think is going to happen here.
And if you get caught up in I need to own a meme coin or this looks like it's about the pump from some random chart pattern,
I think that's when you can get really destroyed.
Yeah, you see a chart on CTE just come scrolling and you go down the rabbit hole.
Right, mentality changes.
It's true.
It's true. And you follow the rabbit and then the get, you go down the rabbit hole. Right. You just mentality changes. It's true. It's true.
And you follow the rabbit and then the rabbit, whatever.
That's, I was going to say smart.
Like Farccoin, you were talking about it yesterday, right?
Like it was like, oh, it's annoying.
It hasn't really broken out.
Boom.
Then this goes 150.
And if you were on Twitter and you were just like in that, oh, it's so annoying that it hasn't broken out sort of thing.
And seeing all these other gains
you can actually make really bad decisions well some people would have rotated did by the way
frequent lost three thousand four thousand holders this past couple weeks yeah and those coins are
probably down on the last two weeks right to pump yeah and then pumps down so i guess what i'm trying
to say is that like um sometimes the impatience of it all can really
can really get to you particularly if you've got like good trades on that you think are like
trades which are gonna perform um i think it's best to actually reduce i'm not saying don't
spend time like what's this show i think we try and give good advice about me so yesterday we
were saying far coins do a candle right but that exact line and the pump may be
not think to own i think we said but i think try and limit the amount of um sensory activations
that you're getting from ct because i don't think it's going to be good for you you're only going
to get people posting good pnl screenshots about pumps that have probably already happened.
And if you're sitting there on your trades, which haven't moved for like six hours,
sometimes you can be like, I need to move, I need to rotate, or I need to do this.
And it's like, oh, you're going to get wrecked. Yeah, 100 million percent.
Speaking of pump, Tyler, it would be nice if they injected another $150 million into the chart,
right? It would be nice if
the token would do what its name says
it would do.
So Cyrus sent me something
because I was talking to him about the trade
and he sent me
this tweet.
Apparently there's a couple of funds that are
offloading the fuck out of the trade.
The two funds who invest $100 million 15 months to pump have sold a couple of funds that are offloading the fuck out of the trade. The two funds who invest $100 million in 15 months to pump
have sold a total of $16 billion pump to $86 million over the last two days
with equals 1.6% total supply and 4.6% of the current circulating supply.
So apparently they own 10% of the CERC.
Yeah, that's...
I mean, you can't blame them for such a massive win in such a short period of time,
but that explains where a lot of the sell pressure.
Yeah. So here's what it is. Tyler and Farouk are community members once again,
and they're going to hold the line. It used to be Farouk and Ovi, and then now it's Tyler and Farouk.
And then they're just laughing all his way to the bank with the sun hitting his face there's just too many people who wanted the quick 2x who put the
levered perps yeah they were looking for like we want that quick spike so we can exit this
and just like wave goodbye and i just don't think we're gonna get it unfortunately and i'm in a
painful spot here with like the funding rates are it it is costly to be long on this token
oh yeah because you're on perps yeah i don't sweat spot yeah i don't sweat spot like even then like if you're
in the same trade as me because you put on with me you should first of all we called it around
this level early on and maybe a little higher so we were there a tiny bit um about break even
actually back here though i was up quite a lot yesterday morning, but on spot, I'm not sweating it.
I'm still thinking once these people sell,
it needs this initial sell-off from people.
I think it's a patient trade.
So I'm not going to over-rotate.
Yeah, I agree with that.
And I'm not trying to over-rotate either.
I was looking at Jupiter.
So I was looking at the daily fees.
And now if we're looking at these coins from a more fundamental perspective,
Hyperliquid did $5 million in fees in the last day.
$25 million in the last week.
Big numbers.
Jupiter did $2.5 million yesterday.
Pump did $1.5.
That's not bad, dude.
Pump's doing good numbers. Yeah, for sure. Radium's doing $2.5. That's not bad, dude. Pump's doing good numbers.
Yeah, for sure.
Radium's doing 2.5 as well.
But then I was like, is Jupiter
too cheap? Jupiter's sitting at 3.8
billion FDV, 1.6 billion
market cap, so it's significantly
below Pump.
Interesting. In a vacuum, what do you
think is a better product?
I mean, I use Jupiter when I use Pump, that's for sure i'm not even gonna lie about that one you know so what do you think mando with these valuations
i think i prefer radium to jupiter but i Jupiter. But I...
Look, it's difficult versus hyperliquid
is what I think. It really
depends on if you think Pump is going to go down this route
of being more than just a DeFi app.
I think
that's honestly what will cause it
to have a higher valuation. I actually
think that if you're just expecting
buybacks from them,
it will probably stick around this level.
But my honest opinion is I just don't think,
I think Pump was a trade at launch.
I just, I think, where is it now?
Here.
It's still five.
I just think that if it goes back to six i just don't think you're
like i don't think it's the best trade out there i get it that's just what i'm saying because i
just think it's and it's purely looking at the timeline it feels like exactly what you said
tyler which is a bunch of people are actually like long this and they're in it for like a
level long or a quick get money um scheme i know i said
don't rotate if you go into that trade because of the timeline you know because everyone was like
this is a trade like i actually think that that is the dangerous bit about it it's just over owned
it's what i did so i think your advice is strong right like part of me entered this trade because
like it was the hot thing it was
what everyone's talking about i don't typically make i don't typically even trade on perps it's
not really my style i hate getting liquidated which says everything right which says everything
yeah um so i entered this just to kind of be a part of it and i was and also like the the tweet
that i put out is also from personal experience because
i wanted that quick 2x to get out the door right because i don't like to trade at eight or ten
billion at all uh which means we're probably not going to get there but broke of those charts you
were you were just kind of yeah combing through there i think the radio chart looked the most
yeah sorry sorry i'm gonna have to deal with Vanessa's addiction to Amazon. Mando. You told me
there was no fucking Amazon here, dude. It comes in less than
24 hours now. It comes.
I'm just telling you that delivery is...
No, no, I have a problem with this.
It's too good. Oh, really?
It changed, okay? Every
fucking two hours, there's
someone ringing my doorbell
all the time at the moment
where she's either at the fucking gym or something.
I'm going to lose my shit.
We had a rule that we made it like once a week.
Brother, I am going to remove my credit card from this woman's account.
Yeah.
Like, tonight.
And it's not a normal delivery service.
Like I told you before, it's just a bloke turns up in this car.
Bro, they don't come in one time.
They deliver seven packages in seven times across the same day. And they come they don't come in one time they deliver seven packages in seven times
across the same day and they come beat up like i took photos of my boxes they come like open um
anyway sorry i just had to rant and i'm i'm i'm gonna have to remove my credit card from this
account this is absurd like this is insane this is wow wow i. I was euphoric when you tell me Amazon doesn't exist here.
Okay, anyways, back to the conversation.
Radium does look amazing, Tyler.
It looks good.
I said their buybacks were huge, like $160 million or something, which is massive.
The challenge is, I think, if you're looking at it from, like, the Let's Bonk pump competitor narrative,
Bonk is also kind of cannibalizing that
from a trade perspective, right?
I think people are partially buying the Bonk coin now.
Less is a meme coin, more is a play on their launchpad.
And it's increasing market share,
which is also powered by Radium.
But perhaps that's kind of stealing a bit of the shine,
but just from a pure, just like looking at the chart perspective,
man, that thing looks good.
Yeah.
It has the point in the Tuls too.
No, you're right.
I mean, Radium's always going to be kind of like that one.
I don't know.
Do you guys like Solano over Radium or Radium over Sol?
Like that sounds like that.
I was like, Solano looks fucking incredible, right?
Plus Solano GCR is back. I don't know if you guys saw that on some back dude pull that up pull that
up i mean here's a soul chart first and foremost clean breakout here and while i do that i mean
you know i don't know if you saw that man though but solana gcr has come back. Our father came back home. He's bullish on Sol.
He's long Sol.
Fuck, he tweets a lot, man.
Jesus.
Goddammit, how much retweets is on some go for a day, man?
I'm still...
I don't think Sol outperforms ETH.
I saw his trade.
He seemed to be bullish on it versus ETH.
I don't think so, is he? i think is is that i like parkour i've said i like some of these solana beats i don't think
i think some of the beta trades yeah i'm much prefer on that over that but anyways listen
daddy's home so on gcr is back you know uh he was he was just full posting hyper liquid for a while
i get it i get it get it. But it's time
to come home, Antem. It's time to come home.
I saw Kook also, Tyler. Kook,
fellow co-host of Rekt Radio
on DJN's Live.
Bullposting
Pump versus Bonk as well. And he made
quite a good case on that front.
But again, we'll see. I see there's
a lot of things. I thought he tried to get
Al on you guys' show. That would be great. That would be great. Make sure you guys subscribe by the way
I don't know the code is today yet, but we'll get your code
On that in a minute anyways Tyler, what else is there you had a long list?
Yeah, we've been talking about the tokens we talked about the stocks
I think let's talk about a few more of the other headlines
So the coinbase new app are arguably one of the biggest stories of the day.
So yesterday, Coinbase launched a new app called Base at their event in Los Angeles.
They are rebranding their Coinbase wallet now into an everything app.
It's going to combine social features, AI tools, and monetization,
and monetization, which is going to allow users to earn from posting,
which is going to allow users to earn from posting, from messaging,
from messaging, as well as from trading and playing games all in one place.
So they really are tying in the social and financial aspects
into this everything app.
It looks like they're going to combine the feature sets of those apps
like Farcaster and Zora, which have been base native
and have been growing their,
their base audiences.
So the social aspect from Farcaster,
the tokenizing and trading aspect from Zora into this larger app.
So an interesting play.
I don't know that I saw this coming necessarily as their,
their next big step.
A bit of a pump competitor in some ways.
You could paint that case,
pumps leaning into social via streaming,
along with their trading aspect.
Now Coinbase doing the same thing.
I get it.
I get the push into social media
and clearly that is a huge space.
And I've seen the bull case
that we're kind of ready
for this next generation of social apps.
On the flip side,
when I think about
trading crypto
and earning,
I take it very seriously. I don't know that I'd
want to combine that with a social app
that I'm just kind of messing and playing around
with. So I need to think about that.
Bro, Coinbase is up
1100% from the lows, guys.
Like, why are we even buying crypto?
Like, from December, December 2022.
Okay, fine, fine.
Let's see the lows like this year or some shit.
You know, like here.
Okay, from, what is this?
April 25.
Hey, that's 200%.
It's not bad.
That's crazy.
Liberation day lows, 200%.
Wow.
That's nice.
What a trade, man.
They're crushing.
I mean, what are you guys saying?
I think this is a great...
I think this is great.
I think the whole rumors of Coinbase Wallet
becoming their own app
with a bunch of different things
has been floating around for a while.
I know a lot of people
are talking about Basecoin.
I don't think there's going to...
I actually don't think there's going to be a token.
My thesis on Coin coinbase that one day they actually make their own l1 which is that was that's what i thought like base one day would be not one but
we'll see that's like really high up in the conspiracy theories um but yeah man i think
it's good for the future of uh of crypto in general i know fantasy tops gonna be one of the
main apps on there etc we'll see everyone's trying to build future of crypto in general. I know Fantasy Top is going to be one of the main apps on there, etc.
We'll see.
Everyone's trying to build a WeChat in the West, Tyler.
Nobody's actually nailed it yet.
Yeah.
Is it because it's an Eastern thing?
Like in East, they kind of like...
Do we like everything apps in the West, guys?
Because I feel like it's been something a lot of people have been after for a long time.
I don't.
Right? I'm talking like X is trying to be an everything app. Coinbase is trying to be like... A lot of people have been after for a long time. I don't.
Right?
I'm talking like X is trying to be an everything app.
Coinbase is trying to be like... Do you think people in the West like everything apps?
I'm actually curious about that one.
I'm not sure.
I think part of the reason for everything apps is in the East is a bit more regulation over that sort of stuff traditionally.
Like what people can actually do
um so like you have one almost conglomerate who's like get the kids gets the license to
kind of do all this sort of stuff and it's seen as like oh that's allowed um but in
i i don't really think i thought this was like a bit of a disappointment, if I'm honest. Really? I wasn't.
Well, from somebody who like is in crypto, I didn't see them leaning into Farcaster.
Let me put it that way.
Like, I feel as though Farcaster is like the threads of crypto.
Do you know what I mean?
But it's pretty active.
Product market fit.
Yeah, but it's active in a very small core user base like i i was surprised that this was their big unveiling maybe social is what you go down but like leaning
into the to the tokenize everything plus file caster felt like throwing good money off the bat
to me like i didn't think they really hit it with that um i much prefer the direction of
robin hood's going in let me put it that that way like if i was going to look at where people are
allocating capital robin hood i thought did a really good job and coinbase feels like
they're trying something a bit risky here and we're in crypto enough to know that
it hasn't really got product market fit what if it's product market fit but not for us three?
What if it's for...
If it's not for us three, then I don't know who the hell
it's for.
Listen, the stock likes it.
You could tell me that Zoomers all want to tokenize
everything, but I don't think they do either.
No, nobody gives a fuck about coining shit.
Nobody cares about that.
I don't know.
Yeah, I feel like if they're going to throw a lot of CapEx at this thing,
I mean, again, I just much prefer the direction of tokenizing real-world assets
that I felt like Robinhood was going down and putting actual assets on chain
rather than just stuff that you would have essentially in your junk folder
of the internet.
Like I,
I don't think this is,
this is the,
like the move.
I've been a coin stock bear.
I think I've voiced that on this show and clearly I've been wrong.
The stock is outperforming.
I think what you can see here with the stock performance,
to me,
it's just an insatiable appetite from Wall Street for crypto stocks.
And Coinbase is first on that list, right?
If not, at least in the top three.
But to me, the competition that they're going to be facing
from the major banks here soon,
JP Morgan, Bank of America,
they're going to have stable coins.
They're going to have crypto custody.
I think they're going to take a big part of Coinbase's core business.
Coinbase perps, they're getting smoked by hyperliquid.
So I think they're still – they have business lines that are profitable,
but I feel like other ones are going to start going the wrong way.
And if they're focusing on the social app, if it doesn't work, what does that mean?
So I'm not a coin stock buyer here, but I'm not going to go short by any means either.
Respecting the pump.
You got to respect the pump.
What's circle trading at?
I haven't seen a lot.
I had a good day yesterday because people think this genius act is going to pass, which.
So speaking of which, let's go there.
What's the latest out of Washington, D.C.?
Yep.
So the three crypto votes got rejected.
They didn't get enough votes to pass on their first round of voting.
There was a lot of pushback from congressmen who thought that the language of the bills would allow for a CBDC to be created.
As I understand it, I think they interpreted that incorrectly.
But anyways, that was enough to push the no votes.
They had this long meeting last night.
It was a nine-hour standoff to get ready for this next vote.
But apparently they did push through it.
Trump called in.
So Trump has been pushing this very hard.
They reached a deal.
It looks like this is going to be up for vote today, the final vote. And I guess the anti-CBDC
surveillance state act ended up being attached to one of these bills, which is going to meet
to satisfy those, those concerns. So they're going to be up for vote. I think what's interesting,
we didn't have a chance to talk about this yesterday, is regarding the Clarity Act, which is the market structure bill.
So there's three bills.
There's the Genius Act, which is the stablecoin bill.
I think most are generally in favor of that.
There's the anti-CBDC bill, which I think in general, most folks are in favor of that as well.
Then the crypto market structure bill, which is the Clarity Act.
And I think everyone from crypto is not following this super closely.
It's just kind of broadly like these are pro crypto.
Let's push them forward.
Let's all cheer on the vote.
And then I was saying that a lot of DeFi experts are actually very against the
market structure bill in its current state and that it would effectively force
a lot of these DeFi products like Uniswap, like Jupiter,
to operate much more like central exchanges like Coinbase,
like specifically in how they put tokens on their platform,
allowing users to trade them.
They would basically have to have like a listing process
because there are different categorizations of like meme coins versus product coins like jupiter versus far coin would have like different labels
so to speak under this bill which would require an app like uniswap to effectively like pick and
choose which tokens are going to be tradable on their app. They would have to go through more of a process to do that,
which would be big overhead for them.
So that's why we've been seeing some pushback on that.
My read is that these are kind of being voted on as a lump.
And they're either all going to pass, they're all going to fail.
And it seems like they're all going to pass probably today.
So we'll see.
I think for crypto natives, if you are a DeFi user, I think perhaps,
and I need to dig into this more as well.
I was just picking this up from Sanders' article on Decrypt from two days ago,
which is a good read.
I encourage folks to go check that out.
If you're pro-DeFi,
I think you are against the Clarity Act
in this current state.
Yeah, I saw that.
We'll see how it plays out.
Yeah, kudos to Sander, by the way.
Honestly, not to show our own stuff,
but Sander, who the pass I was talking about
for the White House was given to Sander.
He's boots on the ground.
He's our White House correspondent,
the only White House correspondent who's crypto native
out of all the press, out of all the media pool,
press pool there, and he's been covering everything.
So check out Sander, Sander Lutz.
Check out what he's writing on Decrypt
because he's actually like, like we all thought,
oh, no, this didn't pass.
And then Tyler was the one who was like, dude, wait,
this article says we kind of don't want this to pass.
So on the DeFi side.
So it's very interesting.
So if you guys are checking this out, make sure you follow Sander because there's a lot of good stuff going on.
I'm seeing the time here.
Wow, we have over 210 people live on kick.
Dude, let's fucking.
There's this one like Brazilian dude or some shit who's like always is on and
always like six, seven hundred people live.
But we're coming for you. We're coming
for you, carajo. We're coming
for you.
You know, we got the
you know, we're gonna get Neymar in our stream and he's gonna come
and fuck you up. There's 600 followers
almost. Let's get some follows. Let's get some streams
at 212. Another all-time high, guys.
Right on time for Mando's retirement speaking of which the code is retirement today so if you want to win a thousand dollars yeah the code is retirement i'll let you guys know figure out
how to spell that one but if you want to make some money that's the code tyler jeff something
else if not let's go play some Lamp Chopper.
Let's do a couple of quick ones.
You may have seen this headline going around.
Senator Loomis retweeted this, but there were reports the U.S. government sold off most of their Bitcoin under the Biden administration.
We don't have official confirmation of this.
But their wallet hasn't moved, shown any transfers.
So what's the story of that?
I saw that on your thing yesterday, and I was going to ask you today.
So this independent journalist, Lola Leitz.
Yes.
She filed this request.
She said she got a response from the U.S. Marshals.
And that it says that the U.S. only holds 28,988 Bitcoin, worth about $3.44 billion.
$28,988 Bitcoin worth about $3.44 billion.
This is, I forget the exact total,
but I think we thought that the ARCOM holdings
were closer to like $24 billion,
like over $100,000 Bitcoin.
David Bailey had a $10,000 bounty on this information
if anyone could prove it.
His guy said that while the Bitcoin is still showing up
as not transferred in the US government wallets and the ones that were tagged as the U.S. government, there is a chance that they did some kind of an OTC deal to sell the Bitcoin without an on-chain trail.
So, I mean, that's…
That would just never happen, though, would it?
Like, who's buying that much amount of Bitcoin and letting the U.S. Marshals still hold it?
I just get the feeling that U.S. Marshals probably just have no idea how much they are.
Do you know what I mean?
I feel like we heard those sort of rumors at the start where like no one even knows where the Bitcoin is.
And it's like...
So what does this mean for Fartcoin?
What does this mean for my bags?
Fartcoin's having a good day, right?
Yes, bro.
No, but it is actually having a great day it's 155
holy fuck uh but but tyler so it's about to break out it's broken out it's going it's going i told
you next time it goes at 155 we're not fucking silent tyler man so what does this mean like
what's going on like is there i mean i think I agree with Mando's reads. I didn't tweet this out
with any kind of confirmation.
I shared both sides of this.
I did think it was interesting that David...
He did pay it out.
Yeah, he paid out right away.
He's a wealthy guy.
I'm not
totally buying it yet.
I feel like there's a little bit of smoke here.
So apparently, an answer to your Arkham comment, Mando, is that Arkham does not account for
custodian making intraledger transactions.
Interesting.
So this is to follow.
TBC.
To be continued.
But who's the custodian?
They said Coinbase is the only player big enough to do it. Yeah, Coinbase would make sense. Who's the custodian? They said Coinbase is the only player
big enough to do it. Yeah, Coinbase would make sense.
It's American.
Maybe that's what happened.
Maybe that's what happened.
Someone knows.
Someone at Coinbase can answer the question, yes or no,
and I don't think they're going to do it.
We may not even get the answer on this.
It's gone with the Epstein list.
That's such a dumb move if they sold it, right?
Like, what a dumb move by the Democrats if they sold it
in the final few days of them being in office.
We're never going to know, bro.
It feels believable, though.
Like, with everything else they were doing,
it wouldn't shock me at all.
The German government member gets trolled,
has been trolled for a long time.
And they had to sell, apparently, some sort of court order.
If it's some sort of political
move to dump the Bitcoin,
it just
seems like
crypto people won't forget that one.
Interesting.
It doesn't mean Trump's going to buy it back.
Well,
he's going to have to shake us out first. He's gonna have to dump the markets
To buy it lower because he ain't buying 120 K
You know Trump should buy part coins that like 100% that's so much
Yeah, I have to say though the more we host this show the more I'm like why don't I just put even more
You know like pump fun budget. Everything is talk about coin stock circle
pump ray bonk Far coin is so pure like pump fun budget. Everything is talk about. Coin stock, circle, pump,
ray,
bonk.
Farcoin is so pure.
I was thinking about this when you guys were talking
about Coinbase and shit.
It's so pure.
You know,
it's the most egalitarian
token since Bitcoin.
It's just the best token.
Don't you all agree?
Everyone,
should we go around the room
and give our Farcoin targets?
No, no, no, no, no, we're not doing their sps spx targets again we're not we're not doing targets you know my targets i've given my bear bull base since months and i took the position five billion
10 billion 15 billion what are we going for guys no no it's it's i'm sorry that's not it
base case base case is five okay bear case is last all-time high and no sorry that's not it. Base case is five.
Okay.
Bear case is last all-time high.
No, sorry, that's not my case.
Bear case is five.
Yeah, bear case is five.
Bull case is ten.
I'm this close to selling everything.
Okay, you know what?
Shut up. What else?
Tyler, before we give Mando more money on Yeet,
is there something else we ought to go to?
Just our crypto punks.
I'm giving you money.
I know you are.
Crypto punks are showing Bitcoin his daddy
144k for crypto punks.
Dude, that fucking ratio.
I have to say though,
the punks have not even moved 20.
Any view on the ratio.
12 months.
Let's look at our predictions on the ratio.
But what's crazy is the price of punks in ETH
has not even moved in like months.
Months.
Doesn't matter.
ETH.
I think it goes high.
I think it actually outperforms ETH.
I do.
Particularly towards the end of that movie.
Always the end.
As in if ETH breaks all-time high,
I think punks could really get going.
Yeah.
Well, punks are going back to half a million dollars.
That was last time.
That's high.
I just wonder if they crack that.
Um, whether or not they crack that.
We'll see.
I don't think we'll crack that.
Yeah.
I don't know if they do, but I think they, they go there.
I mean, we haven't even seen a treasury for crypto, like an NFTs yet.
And that's going to happen.
Can we?
Penguin ETF.
ETF, not Treasury.
ETF. ETF.
Different. ETF and Treasury are different.
Are they?
Yeah, I guess so.
But you're right. But people are not getting the memo on that.
The penguins are up.
You know?
It feels like Matthew Big Brother. I just feel like he should do it.
You know?
I can't believe Matthew Big Brother hasn't done it
You're buying the top hat when you retire
You're going to buy the top hat yet
But he's never going to buy a punk, I gave up dude
Come on, buy the fucking top hat for this
I just retire, just remove everything from buyer
Just retweet ye for the next year
When you get your PFP to the top hat
We know you're done basically and you're out
He's not coming back
Alright, let's give away some money.
You're not fucking retiring. I know where you live.
Broke is so upset
by this. I can tell.
Whenever I mention it, you're like, no.
No. No.
I know where you live.
I'm still here. You're still here.
I know where you live.
I'm gonna come get your ass every day at 3pm.
Fucking host this show.
Oh, that's a great coconut water by the way
you're having
what what what's going on what's he laughing oh there's no fucking way what is he laughing at
I timed him out earlier on, but I banned his ass for five minutes.
i timed him out earlier on but i had banned his ass for five minutes he was fucking spamming
He was fucking spamming.
Hold on.
I got to mute.
Wait, you banned this guy for chat?
He banned.
He was banned for putting wrecked world domination, I think, like 100 times in the chat.
Well, he still won, right?
We'll just send him the money.
Give him an easy.
It's all fun and games.
So you banned this guy from spamming?
That is amazing.
That is actually fucking amazing.
So this guy was rage posting Rekt,
which by the way is a $210 million, right?
That is quality.
Everybody buys Rekt at the price they deserve.
That is amazing.
That is actually amazing.
He's getting the whole of our ex-Tad5 friends in this trade now.
I saw that.
This is ridiculous.
I mean, this is insane.
Also, shout out to him
for shilling it at 200 mil to them.
We packed our bags.
Shout out.
There's Spacebar.
Let me add him on.
He's on the spaces.
He's on the fucking spaces.
Bring him up.
What up, Spacebar?
Yo, what up?
He got kicked out.
Oh, he's here.
I see him.
Do you guys see him in the speaker?
Can you hear me?
Yo, yo.
Chat again. Chat again. Oh, he's here. I see him. Do you guys see him as a speaker? Can you hear me? Yo, chat again. Chat again.
Yo, yo, yo.
It's on the space, but it's not through video. It's okay.
Hello, hello. We can hear you.
I don't know why it's not coming through here, though.
Try again. Try again.
Hello. Hello.
Okay, it's okay. I hear him from my phone. Alright spacebar. Well, congratulations. Sorry sims banned your ass from tweeting, but I shouldn't just spam
See no worry even if it's my bags you can't spam them
Okay, all right. What what games we put them let's play some risky click with them. Oh, no
People spam in the chat
So in fact this will be second time you've won now spacebar you can fucking stop Oh, no, I can't. People are spamming the chat again. Sub.
In fact, this will be the second time you've won now, Spacebar.
You can fucking sub.
Yes, Spacebar.
Fucking sub, motherfucker.
All right, Spacebar.
Well, first of all, congratulations.
You've made $500 right off the bat.
So you already have $500 in your bank account.
Second of all, actually, I'm going to lower my volume.
You can listen to him and you tell me what he says.
Or else I can have echo.
So you're going to have to pick
anything from 1.20x
to 4.20x
being the most risky
with $250 size.
Reminder, you have two chances,
but also you already have $500.
What do you pick?
Number five.
So it's $175.
All right.
Buy a Lambo with crypto
come on mate all right you're at 437 cash out i keep going do i get one time or two
you get two goes you get two guys okay i to cash this out. You're going to cash it?
Yeah, and I'm going to go again.
Sims!
At all-time high?
Pussy.
You're literally in the Trillionaire Club.
He's a trillionaire.
Oh, is he?
Unbelievable.
What a bitch.
Don't be a pussy.
I know.
I know.
You don't see that.
I'm going to cash it out, and then I'm going to go again. Guys, so... He's going to cash it out and then I'm going to go again.
Guys, so.
He's going to cash it out and go again.
Okay, cash it out, but then he keeps the other one.
We're not letting you cash it out.
That's fine.
Let's see if he did a good job cashing it out.
Oh, that was.
Oh, you.
Oh, no.
Oh, you should knock him.
That's the best.
Have you guys,
is this the best board possible in this game?
It is.
You can get nine,
right?
Yeah.
Damn.
He would have made so much money.
Anyways,
it's okay because you got 437 plus five.
So you got the $937 already.
Let's keep going.
What do you pick?
Let's do seven.
Seven?
Is that what you said?
Use an NFT swap platform.
That's high.
Yeah.
What?
Give it to me.
Give it to me.
Yes!
Space bar!
It's in.
I turned on the RTP.
Fucking do it for me, right?
When I play tonight, Christ.
I lost so much money on Yeet last week.
Holy shit.
Is that enough?
Turn off for me, motherfucker.
Is that enough to buy it?
All right, what else?
Are we doing more?
Where am I at right now?
Oh, you had $625.
Your 2.5x worked.
Oh, nice.
Let's do...
Number four.
Four?
Borrow against your ape.
Oh, those are dangerous.
Oh, it didn't.
Going again. You got to keep it going, bro.
Wrecked his all-time high.
I can't.
Shut up, man, though.
He's already made $1,000.
He's already made $1,000.
I can't.
I'm going to buy a wreck guy with this.
He wants to buy another wreck guy.
No, fuck the wreck guy.
I love you, Eddie.
What do you pick, Spacebar?
Red guy.
What do you mean?
I'm going to cash out.
We got to change the rules on here.
Yeah, I think we got to change the rules.
Nando, what are you breeding over there?
These red guys are cashing early.
What the fuck is up with the red guys?
I don't know.
I don't know.
Bro, red guys didn't hit a single trade onto red.
Wait, wait, wait.
Red token.
This is the most bullish thing for red.
I know.
He's trying to buy more.
He's taking any profits at all.
He's trying to buy more.
I know.
I'm one of them.
I'm one of them.
All right.
Hold on.
Spacebar.
I've got to give you another.
All the money has been spent on drinks
and retcoins
Spacebar
Spacebar, you already have $1,000 in the bank
You don't need another 937
unless you make more
I'm gonna give you one more chance
Do you wanna keep going or cash it out?
I'm gonna cash it out
I'm sorry
I need another red guy
We're not going to click it but what
Would you have each picked? I would have gone 1.4
Sniper CryptoPot
Yeah I would have done
I would have
I would have done 3
You would have gone 4.20
What would you have picked?
I'm very OCD
And a bit mentally ill so I would have continued like one two three and done the corner
Yeah, okay, so and and buy a duck meme coin is what Tyler would have picked
So let's cash him out. So congratulations. You made nineteen hundred dollars today
Thank you
Your dignity was left on a table
You've got a sub now though
And let's see
Oh That was a good boy And let's see.
Oh, that was a good boy.
Oh, my God.
He couldn't.
Sorry.
All right.
Congratulations, Spacebar.
I got to go to a meeting.
Mando, you're not retiring for now.
Tyler, great show.
With that, we'll see you all tomorrow morning.
10 a.m. Eastern Standard Time for the episode for On Rock Radio. Let's go.
Woo!
Perfect timing!
Perfect! Hey! Thank you.
