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FOMO HOUR: FOMC DAY!
Recorded: Dec. 10, 2025 Duration: 1:02:31Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the latest trends in token launches, including significant ICOs from Rainbow Wallet and Octra, while also addressing the evolving regulatory landscape with insights from SEC Chair Paul Atkins. The conversation highlighted the challenges faced by NFT projects like Doodles and the implications of political dynamics on crypto legislation.
Full Transcription
Thank you. um
um yo yo yo yo yo what up what up good morning good morning, GMG, yeah, Wednesday, right?
I think I got it right, Wednesday, December 10th, 2025.
Look at that, it's another beautiful day to have a beautiful day.
I got my co-host in the house, Tyler, good morning.
Good morning, good morning, how are you doing today?
I'm good, Just counting down the hours
until our most important FOMC of our lives.
Once again, coming up, we're here.
Almost game time, what, four hours?
Four hours away.
Our fate once again lies in Jerome Powell's hands
and in his rhetoric and tone.
Tone especially, right?
Yeah.
The words he says.
Well, if he doesn't say good afternoon, we're cooked.
If he works the wrong side, it's over.
Oh, man.
Yeah.
Well, definitely.
It's funny, right?
He is so powerful.
Like that man holds so much power.
So it's pretty crazy.
So anyways, today on the show, we'll talk Powell.
We'll talk FOMC.
We got some trades on for that on the synthetics comp.
So we'll talk about all that good stuff.
Markets.
We got markets. We got news. A few things going on as usual. A little chit-chat. Markets. We got markets. We got news.
A few things going on as usual. A little
chit-chat. Yee giveaway. I don't know
if you guys saw that, but Lamb Chop went
festive mode today.
Oh, all right. Yeah, we got
the Christmas Lamb Chop going, Tyler.
So we're going to be playing Lamb Chop for the rest of the month
here on the show.
I love those.
We got to mix in some Omaha.
I have to say, the show because we know we love i love those i love when they we gotta mix in some omaha that clip was that was fun right that was good i watched the clip oh and that could have me hyped up like it's crazy like the clip makes me want to go and like but like we're actually like it's
great we use the products we promote man a lot. This one made me just rip it like crazy this weekend.
Our first ever bet.
We bet on flush.
We have no idea what's happening.
We celebrate the dealer getting flush.
And then we hit a higher flush.
Incredible.
That was so good.
We're on a streak this year.
I mean, this week.
The two people won.
Both people won their game.
So that was – Nathan's already in here. All hyped up up so that was already really good uh so we'll do this make
sure you sign up to ye.com using the code fomo i work um and then uh and then that's about it i
mean this show is powered by eigencloud eigencloud is i'm to tell you in a second, built on eigenlayer security,
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Tyler, while we wait for our quant, we'll go to you.
For daily NFT and crypto analysis.
Tyler D on FOMO, our cause to get paid.
On FOMO, our cause to get came.
Ready to bash the bears.
Ready to bash the bears.
Yeah, folks, crypto majors spiked yesterday ahead of FOMC.
They have since pulled back a bit.
ETH leading the way.
Up 6%, 33.30.
Bitcoin still up a percent on the day at 92K.
It did touch 94.
I think it perhaps went past 94.5.
Yeah.
Or so.
So it's down from there but still green
on the day solana up two percent 137 uh fed share drone pal is widely expected to cut the rate 25
bips today i think that's 97 chance on prediction markets here this morning so it would be a huge
surprise if he does not do that
um in crypto headlines pnc bank enabled bitcoin spot trading for its customers
sec chair paul atkins said many ico style tokens especially meme utility defy tokens
are outside his purview and jurisdiction and they're going to go over to the cftc
and there was a lot of ico news we'll cover here in a bit. Stripe and Paradigm's Tempo blockchain opened their public test net.
Circle and Aleo announced USDCX, a new privacy-centric
USDC variant. In political news, there's kind of a bit here.
So Senator Cory Booker warned that this crypto market structure bill is not
going to pass unless more Democrats are appointed to positions of power
in the SEC and CFTC.
An American teachers union is now urging the Senate to scrap the crypto market bill altogether,
saying it takes away some core investor protections. And then Representative Keith
self filed an amendment to fix the crypto bill ahead of a major hearing to ban any CBDCs. So a lot of action still in Washington regarding some of these open bills here.
In ETFs and treasuries,
this new proposed Bitcoin After Dark ETF,
all right, catchy title.
It's going to let you have Bitcoin exposure
outside of US trading hours.
So they'll effectively buy Bitcoin after close
and then sell before the U.S. market opens.
So an interesting product.
Zcash founder Zucco has joined Cypher Funk Technologies,
which is a ZDAT company.
And that stock went up 40% yesterday on the news.
VidVex, Strive, announced a new $500 million ATM
to buy more Bitcoin.
So they're going to be selling shares and buying more Bitcoin.
And then Jack Mahler's 21 stock opened yesterday.
It went down and fell about 20% in its debut.
In token airdrop and protocol news, there was a lot.
So Humidify's wet token soared 200% in its debut.
I saw it at $325 million.
Crazy.
Five or six X for those who got into the pre-sale.
So that was a really nice return in just a few days.
Meteora shared updates to his DLNM, new limit orders, automated vaults, teasing a new Meteora coming Q1 2026.
And then right before the show, they clarified buybacks.
They've already done 10 million.
they're going to keep doing them.
They're going to keep doing them.
So a lot of updates coming out of Meteora.
Rainbow Wallet announced an ICO on CoinList,
selling 3% of their supply at 100 million FDV.
That's on December 11th, so tomorrow.
We have Fogo, the Fogo chain,
announcing a Fogo pre-sell for 2% of its supply December 17th.
Then Octra, a privacy blockchain project,
announced an ICO at 200 million on Sonar,
Kobe's Sonar,
selling 10% of tokens starting December 18th.
So a lot of ICO action here
in the next 10 days or so.
Rounding this out,
NFTs,
Beeple's regular animals rebound 40%.
They're back to 7.8.
Nice little bounce back.
Doodles Doopies.
The minute is live, but it is not sold out, unfortunately.
And then in memes, 6-7 jumped 80% to 20 million,
leading on-chain meme movers.
That's our roundup.
Yeah, there's a lot going on there.
It really was a lot.
This ICO news kind of – it wasn't all on my radar until I kind of put it all together
so let's go there first because Mando's on the way
he just pinged so we can do markets in a little bit
when he comes with him
so let's go to the ICOs because I saw the wet thing this morning
because obviously this was like pure
US time zone shenanigans
and I woke up to it and I was like oh no
I missed a good opportunity because I'm trying to
catch some trades outside the box right now
because the market's so choppy.
I feel like this is where you catch these things.
And I looked at the time with plenty of time.
I was asleep with plenty of time to catch that.
Apparently you covered it last week.
It wasn't around.
So tell me more about this.
Yeah, so Jupiter was hyping up Humidify a bit.
Humidify is DeFi on Solana.
I've seen them be referred to as like a
dark pool dex so a little bit more of that that private internal liquidity uh you know similar
to some of the features that aster was to a degree um so not just your typical dex or defy product
that they claim to have 35 to 40 percent of all spot dextrating activity on Solana
run through Humidify. So some fairly big numbers. They ran an ICO last week, three phases. Those on
the wet list got in at $0.05. And then Jupiter Stakers, Jupiter Token Stakers got in at $0.05
as well, two rounds. And then they had a public sale at 6.9 cents.
It was heavily botted.
I think they just botched it last week.
And then they ran it again.
I want to say yesterday or perhaps Monday morning.
And then the token went live yesterday.
And it opened up around, what, 18 cents?
And then 15 cents and then just doubled in the past day.
So now anyone in those first rounds is up 6x.
The public sellers are up 5x.
So a really successful launch.
It's also launched on Jupyter's new DTF, Decentralized Token Formation Launchpad.
So new product out of Jupyter, new token in Solana DeFi ahead of Breakpoint,
and really strong performance
wow yeah very strong performance you can see the see the chart i woke up to i think it was 245 250
i was like that's looking good maybe maybe a dabble if it goes lower and then next thing
you know it was a 350 i mean for a little bit But, Brent, I mean, what's the play here?
Is there even a play?
It's too late?
What are we thinking?
We let ICO participants get out?
They're about to wake up.
I mean, still sometimes early ET, but.
I mean, now it's trading at Meteor levels.
Ah, okay.
Yeah, so Meteor is 315 million FDB.
It feels like a lot of the upside has been captured, at least for the early action.
I think I personally want to see a little bit more out of, humidify out of the team.
To want to put a trade on here, you know, after a pre-sale is about 5 to 6x in this market.
Even if the product's good, right?
Folks are going to be tempted to take some profits on that.
So maybe look for entry.
Yeah.
So there's opportunity everywhere.
It looks like this is something anyone could have gotten into, no?
Correct.
Yeah, the public sale.
Anyone could have gotten in.
It looks like this public sale wasn't.
I mean, there was kind of a mishap originally,
and then they ran it back.
Is that what happened?
Yeah, it was heavily botted.
Got it.
So they stopped it and re-ran it.
Okay.
Well, they re-ran it.
I think it was something like 60,000 wallets participated or something.
This is nice.
Shout out to the Jupyter team for that.
Looks like this did really well.
In other ICO news, you said there was something else?
There's three.
What?
Three other ICOs.
So Rainbow Wallet is ICOing at $100 million for their RNBW token.
That is happening December 11th.
I want to say that one is on CoinList.
Yeah.
I was looking a bit into their metrics.
They're doing about $2 million a year in revenue right now
via their swap product.
So they're ICOing at 50x revenue.
A little steep for me.
So I think I might just be watching this one.
But I think anyone... This is interesting for folks who have installed Rainbow Wallet
and effectively have been grinding for the eardrop.
So there's also a component of this as well.
So I think those folks will be closely watching to see how this performs.
I just took my emails.
Yeah, I did.
So back in October 2021, Alexis Ohanian DMed me to participate in his SPV.
And I think I invested in Rainbow in 2021.
It's possible.
Yeah, it was popular.
What's up, Mando?
Right?
We got shown it at that time as well.
October, right?
And it was Alexis doing an SPV.
I just remember.
It's tiny.
It's like 10K or something.
And I did it because it was Alexis of Honey,
like 776.
I don't think the valuation is higher,
if I'm honest.
Yeah, but there's an ICO coming.
Do we get tokens?
Sounds like you're going to get tokens. Dude, I just saw that. I love emails. Yeah, but there's a nice CO coming. Do we get tokens?
Sounds like you're going to get tokens.
Dude, I just saw that.
I love emails.
Can you search?
So October 14th, 2021,
I think I participated in this.
Or was it later?
Anyways.
Did you just say I love emails?
I can search.
We've moved on from tech.
There's this thing called AI going about at the moment.
Wait, you guys use AI for your emails?
It's going to blow your mind.
Use AI for your emails?
No, I just mean in general.
It seems like you're shocked by the search. Oh, no, no.
I am so late.
I started using chat GPT like two months ago, bro.
I'm way behind on that
i'm early like blockchain technology i can tell you everything you want about l1s l2s fucking l3s
all that good shit like dexes and the crypto shit i got you but the people are hearing about the uh
the agents now with claude i don't know if you've seen this, but like, um, that like, we're just at this sort of moment where you can have an agent basically do all
the stuff that you log on and do on your browser each day.
It's like the market, do this.
Like agents can just kind of do it now.
I like doing it.
I like being, I like being in control.
I like being empowered.
Like I like waking up, waking up, opening my computer,
Slack, email,
WhatsApp, Telegram.
I do my thing.
I like my routine.
Checking out the search and all of them.
Today I use the search function in my email
to find my 2019
Marriott Bonvoy account.
Apparently I had a
Bonvoy from 2019 because I'm doing
a mega room block
for my up and coming wedding next year.
So I want to get the fucking Bonvoy.
I'm new also into points game, boys.
I just figured out the points stuff
for credit cards, for
Marriott, for traveling.
Yeah.
Wait till Farouk discovers Pornhub
as a search function.
Did you see Wiz's tweet today?
Do we want to read it here?
Dude.
So I had this tweet out.
I was like, I want to stop following whoever.
Because, you know, I have a whole thing, which is like crypto traders, like a list that I follow.
I just realized that most of these accounts are so stale and they're not even, not even like there anymore.
What did Wes say?
What did Wes say?
Top five traders.
Hold on, hold on, hold on.
Let's go check that.
Where is it?
It's one of my most recent tweets,
but then he goes,
one is actively trading crypto,
like proper traders across multiple assets.
Keyboard Monkey, TraderMain, Rekmando.
And then he follows up with, in addition, I would add some of the best traders,
Daniel Forrestal, PigeonTrades, BCJ705, and AtabellaDanger.
Wait, where's the debt?
Yeah. No, no, no. that? Yeah.
No, no, no.
Check his replies.
There we go.
Oh, I see.
No, no, no.
Got it.
Got it.
He meant Abel Trades.
Who is a trader.
And he put a porn star.
This is something Wiz would do.
Oh, my God.
This is something he would do.
Yeah.
Oh, fuck it, Wiz.
Anyways.
So, Rainbow.
Okay, cool.
Shout out to email search bar function. got an email lexus's people uh
there's another icos there's three icos you said tyler yeah so there's a price of privacy is hot
and octra is going to capitalize on that they're a privacy blockchain project they announced ico
200 million dollar valuation on sonar so So Kobe's Sonar now Coinbase.
They're selling 10% of their supply.
Starts December 18th.
They've got their own fully homomorphic encryptions.
So they've been going at this for a while.
I think it started back in 2021.
So that's going to be a big one in the privacy sector. Sonar, I mean, it's a higher
valuation. It's the highest, I think, of... We don't know FOGO yet, but I think that's going to be
the highest valuation of the crew. Going on Sonar, US investors are going to have their one-year
lockup. So you don't need to know a fine a fine print for that um and then fogo this wasn't
even on my radar until like really the last few days i've been seeing more chatter about fogo so
it's a it's a high-speed blockchain built by experienced traders i guess this group has got
some pretty serious pedigrees in trading and they're, they're launching their own chain. Let's go another chain,
baby.
I've seen like they've been,
if you've seen this fishing game going around,
I think they've got this fishing game that's tied to their chain as well.
All about speed.
I think they've raised about 13 million so far to date.
That's the,
the info I have.
We don't know at what valuation this is going to come out at yet.
But nice little
comp, Monad just
ICO'd at $2.5 billion.
So if it's a high-speed blockchain
ICOing less than $2.5
billion, I think there's going to be some folks
perhaps taking a swing at this.
So that'll be an interesting one.
Dude.
I'm just waiting for two ICOs
personally speaking.
I'd love for the
ICO to come together
at some point. It'll be great.
That's a dream of mine.
I'm not speaking
on information. I'm just saying I would
like that and I would like
as the co-host of this show,
that is the founder of Myriad,
I would love to see Myriad ICO one day.
ICO or just an adron?
No, fuck this, dude.
Motherfuckers are doing like my bajillion dollar ICOs.
Are you kidding me?
ICO for sure.
What was the last ICO you did?
You know, they did well.
What do you mean?
Yesterday, we just talked about this wet ICO on Jupiter is just a 5X from ICO for sure. What was the last ICO you did? You know, they did well. What do you mean? Yesterday, we just talked about this wet ICO on Jupiter
is just a 5X from ICO.
They're a 5X and then everyone forgets about them.
Yeah, people forget about them
because a lot of these projects,
like some of the ones Tyler just mentioned,
maybe a few of them will make it,
maybe some of them don't make it,
but we're the type of projects that just stick around, right?
It's like, we would do well.
Is NUNA above its ICO price now?
Barely, yeah.
I think it's just there.
Yeah, like 10% above.
What have been the big ICOs so far?
Pump.
Pump.
Which is at ICO?
Oh, Monad is 10% above.
What's up, Tyler?
I'm Pump.
What is it?
Sorry?
Pump's at 029.
So it's 30% below.
So pumped below.
What other big ones are on Sona?
Mega ETH, but it hasn't come out yet.
We need that shit to come out.
XPL was the biggest one of the year.
Yeah, and that we know.
Oh my God.
I'm so happy I missed that trade.
I was in Singapore, and I remember having so much FOMO.
After catching the Aster trade, everybody moved to XPL.
I remember being in Singapore, like FOMO, but XPL.
And now I'm just like, thank God I missed it.
I still managed to lose money, but not like that.
Don't worry about it.
Don't worry about it.
I still lost money. It's not that way.
What else? I'm trying to think of what
else. Honestly, the best ICO,
sorry to pump my bags, but like, Rekt has
been an incredible ICO example
in this economy.
Rekt, what did you say?
Rekt did an ICO at 20 mil with
Gate, no?
No, dude. Rekt, what did you say? Rekt did an ICO at 20 mil with Gate, no? No, dude.
Rekt hasn't done an ICO.
Yeah?
You were able to buy the tokens on Gate?
It was an airdrop campaign for trading on Gate.
Oh, I thought it was an ICO.
That Gate thing that you could subscribe to get tokens.
Oh, it wasn't?
Oh, no.
My bad.
I'm getting called up to pump in liquidity, brother. We've got no cash. Oh, he wasn't? Oh, my bad.
It's getting called up to pump in liquidity, brother.
We've got no cash.
Dude, I don't know, man.
I just know Ovi's cooking.
I guess it's actually impressive.
We should probably go over that later.
Yeah, it'll work.
Okay.
Well, I guess no ICOs. ICOs are bad.
I don't think they're bad.
What I'm basically trying to say is I also think that even the people that are doing these ICOs,
they're often in it for just a trade too.
They're in it for, as Tyler's talking about, and there's nothing wrong with what he's saying,
that it's like you're in it for the 2x.
You're in it for the 5x, the 3x.
This goes all the way back to traditional financial markets.
When you build a book around a new bond or a new stock or an IPO,
a lot of people are just in it for the trade.
And I think that I don't see a lot of value coming from ICOs right now.
There's been some talk about that.
More recently, there's been like, well, should we lock things up for a long time?
I think even our sponsor, Synthetix, they've taken the view that it should be locked up for a long time? I think even our sponsor, Symphetics,
they've taken the view that it should be locked up for a year, I believe.
Infinex, yeah.
Or you can wage quit at a higher value, right?
You can wage quit at a billion.
I actually really fuck with that.
Tyler and I covered that last time.
I really like that.
So I don't think necessarily ICOs in their current form are creating that much value.
I think they're creating a trade.
Most of them
objectively have come out fairly high.
So you're not getting in
super early by any means.
Humidify maybe.
They did it at 50 million,
so we'll see.
Not dirt cheap.
I guess that's the problem.
It's the trade.
I thought so many of these people
it's just like, can I make a 2x on it?
Is anyone
thinking they're going to make a 10x on an ICO?
Well, if it's low, yeah, but bring back
the pre-sales.
Benny!
Benny!
That Ben.E shit?
Ben.E.
I think there are people who thought
they could at least get 3-5x on Pomp
back in the summer.
I was convinced this is $10 billion.
You got a 3x.
We went to $8 billion.
I was in the school of thought,
I think Tyler, you too, that we were going to hit
about $10 billion.
Because I was
comping with hype.
Which was technically a good comp, but that did not play out um should we talk about some macro for a bit because it's a bit of a macro day
let's go macro day biggest fomc in the history of fomc ladies and gentlemen it's the last fomc
of the year 2025.
Rate cuts may or may not be priced in, but Tyler kind of covered it.
We are at 89.6% expectation of a cut.
However, perhaps a hawkish cut.
So what do we think here, Mando, Ty?
What do we think?
It's interesting to see there's much of a divergence between polymarket and financial markets.
There's clearly a lot more money going through financial markets than there is on polymarket, but polymarket is 97%.
So I thought it was interesting when I started to see it drift this morning.
I think they're definitely going to cut.
I would definitely choose the polymarket over this in terms of volume.
50 million sounds like a lot, but I'm telling you there is hundreds of billions of dollars
of volume that goes through the rates market.
So the idea that they're pricing it differently
does surprise me.
And polymarket is so far away.
Seems surprising.
But there we are.
What I thought was interesting yesterday
is that the Hassett, who is now the Fed chair,
well, essentially is predicted to be the Fed chair incoming.
He's just currently an economic advisor to the White House.
He was very dovish, basically said we've got room to cut.
Maybe nullifies whatever Jerome Powell says here.
It's very important.
Why is it being interviewed the day before the Fed.
I think that was very strategic.
Trump also made comments about it yesterday.
I think they've almost got ahead of the Fed here
with what they've been saying.
In terms of the market, we said on this show,
the only trade I liked yesterday was kind of a short ETH above 92K
and then short Bitcoin above 92K and then,
and then,
sorry,
short Bitcoin above 92K.
And then I thought some of these alts,
ETH,
Fartcoin,
maybe Zcash were good,
were good buys or ETH BTC was a good,
good buy as well.
Yesterday we spoke about,
that did play out pretty aggressively yesterday.
Interestingly,
Bitcoin did put in a slightly higher high
versus its more recent rallies.
So that tells you that maybe the trend is going to continue
rather than just...
That looks more like it could continue,
maybe even hit slightly higher now,
like 95, 96k,
which is a good sign for me.
I'm less bearish that this is going to be the flush down to 88,
even though I do the best couple.
We got him.
Ladies and gentlemen, he's back.
The chat is wilding right now.
But what I do think is we're returning to a mark again
for where I was before.
I don't think there's a great trade here.
I really, really don't.
Unless you want to play 92 to 96k,
I don't think it's worth it.
If I was to go long majors,
ETH does look strong.
It's been strong since it hit that low,
actually, about 2,700, 2,800,
and has continued to lead majors
it looks strong today like barely
dipped
Solana on the other hand looks
much weaker for example
if you bring up the soul chart
here you go
sort of animal
that again looks like it put in a lower
high and
it did definitely looks like the weakest in a lower high. It did.
Definitely looks like the weakest of the majors.
So if I was to pick one of these that would be short right now,
it would be Solana.
If I was to pick one of these that would be long right now,
it would be E in terms of the majors.
And I think we could get often like a Darth Maul wick here.
So Bitcoin retesting 90K I think is a 50 probability today um and then it could hit down
go back up or go down towards 88k but it did put in a higher high it did put in a higher high just
then so you kind of want it normally if that this little channel that we've seen is going to reverse, you normally would want to see a lower high get hit.
This is such insane PA.
It's either
going to hit a lower high or it's going to hit a higher.
I don't think this is the end now of Bitcoin
that channel up, but today, I do
think Bitcoin could hit like $90,
$89, you know.
Yeah, basically that. You can
kind of see where it's kind of going to
face some support.
I see.
Yeah, I think there's a good trade here.
The ones that I would be looking to buy on a dip,
Fartcoin to me and Zcash look good.
I think Zcash looks a little...
Okay, but on Fartcoin, if you're Barry's soul,
I know Fartcoin's kind of been its own thing,
but it still has a Solana overhang.
Nah, I just don't think it's a Solana trade.
Really? Because it's still...
Yeah.
My gut here is that Zcash looks okay too,
because it has very aggressive rallies,
but Zcash does also just look like it put in a lower high on a more zoom-out metric.
Oh, wow, my old lines.
Yeah, whereas Farcoin just
keeps on hitting higher highs
almost. So I would be looking
to buy that on a dip. I know it sounds
ridiculous, that kind of bearish, but I'd buy
Farcoin on a dip, but I do think that's one of the strongest
altcoins and ETH.
Solana,
if Bitcoin dips to like
let's say here,
or 89,
that could turn into
a pretty ugly chart as well.
Hyperliquid also looks like it could turn into a pretty ugly chart.
What's Hyped at?
Let's see.
Rect is looking great. Rect is's see. Rekt is looking great.
Rekt is looking great.
Rekt is looking incredible.
Good news came out again today.
Everything looking good.
What was the next one to say?
I think I may have missed it.
I'll get it for you.
It's actually on the institutional side.
There you go.
Where is it? Dear Jerome Powell. It's actually on the institutional side. There you go. Uh,
where is it?
dear Jerome Powell,
correct,
correct partners with EVG HQ.
We love EVG and Aspen digital AMP to open a regulated pathway for global
institutional access.
We're pleased to announce the next phase of the journey for wrecked.
What started as a community led brand, blah, blah, blah. Institutions are coming. Don't-
Basically, yeah, it's a partnership to try and get more institutional people into this
sort of ICA stuff. Oh, internet capital markets.
Oh, fuck. A key component of this collaboration is the FSRA approval of Aspen has received
within the Abu Dhabi global
market, ADGM. This approval
enables Aspen to list, custody, and
facilitate compliant transactions for the REC token.
For the first time, family offices,
high net worth individuals, and
institutional investors can access
REC to regulate transport.
Dude, like REC is transcending, you know?
And backed
by the Rothschilds.
Backed by the,
well,
backed by,
by Sheikh Zayed,
been,
you know,
all that's good stuff,
you know,
hover over Aspen digital.
Hold on.
Whoa.
Backed by the Rothschilds.
Whoa,
whoa,
whoa,
whoa,
whoa,
whoa,
whoa,
whoa,
whoa,
whoa,
whoa,
whoa,
Wrecked is now backed by the Rothschilds?
I think it's Edmond de Rothschilds, who's like the other brother.
Dude, I don't know about you guys.
I think that the next higher high on Rekt is going to be ridiculous.
Like we high to what, nearly 600 last time.
Next time we go, I'm not saying it's going to happen in the next two weeks.
It's probably not.
Though Rekt tends to pump very fast because not a lot of tokens to buy.
But, you know, we're looking good, boys.
We're looking good, you know, we're looking good boys. I'm looking good.
You know,
it's a good thing about having a token where the founders are actually
working.
Yeah.
Like,
I think I wrote about this yesterday.
I was like,
I think along the lines of what you just said,
it's nice to be in a token where,
you know,
the guy running it and the people behind it.
It feels nice to know when you're dumping that Mando's just going to dump a million dollars of his money in the liquidity pool.
It's a good thing.
It was this one.
I said, drawdowns don't matter when the founders are this locked in.
X Games sponsorship.
Giant Eagle 200 store rollout.
Faze Esports Energy collab product.
Superior Beverage Group Distribution Partnership. Eagle 200 store rollout phase e-sports energy collab product. So pair beverage group distribution partnership,
10% of Rex brands revenue purchase back to rec.
And now today's Aspen digital and news.
So it's nice,
you know,
it's,
it's not often that if one tripped a multimillion dollar position and didn't
feel anything,
you know?
Yeah. Yeah.
It's nice.
How are we all doing in the Synthesix tournament?
I'm having a heater here, lads.
I'm up to 19th.
I'm right behind you.
Not that close, but I'm behind you.
So let's talk about this.
We all shorted yesterday.
You shorted better than us.
Tyler and I got kind of nearly liquidated on that
move. I shorted
Solana
in max size.
Are you still short?
I'm keeping it on you.
I think we're going to dump at least once.
Oh, there you go. There's your short.
Oh, wow. So it's a 20x short on Sol here.
Oh, you entered at 142.
Beauty.
What about Tyler? Do you still have some positions on?
I'm flat. I was short.
I went short like 30 minutes too early.
Yeah, you and I both.
And I got liquidated for like 80% of the move.
And then when I closed it today, it ended up being
a plus 60% trade.
I know.
That's a lot of trading, my friend. Yes. trade. No. 80% got liquidated. That's live at trading, my friend.
Yes.
Yeah.
Indeed.
And then...
I'm still alive, but I'm at the bottom.
I'm not bad here.
I still have my...
I have 30 Bitcoin short here.
I'm with you, Amanda.
I'm coming.
I'm coming.
Do you think I should really focus on this?
I've got a fucking job you know i'm a founder
you don't have to focus but when you put a trade on personally you just put it on synthetics
it's not it'd be nice to like
be nice to make top three listen as a top three um as a top three know, you guys in your little KOL list, you don't get to claim this, you know?
As a top three CT trader, I would say it felt really nice.
So just do it.
Make another quick little 200 bands, you know?
You can give it back to Tyler and I in the chat.
Real quick, DJ and Ty had a question. Wait, can we just it back to Tyler and I and the chat. Yeah.
Real quick.
DJ and Ty had a question.
Wait, can we just add money to Mando and win?
Yes, you can.
You can stake money with Mando and then you'll get a share of the SNX pool.
It's half a million SNX.
So you can literally like, I think it's part of teams, right?
You can deposit in SNX and I'm pretty sure team code for him is probably Rekt Mando. You should
go check Mando to confirm for people, please.
They can join your team.
I'm not going to
focus on this too much though, guys. Don't waste your
money on me. I will
swing trade and I don't
know if that's what wins.
I don't have enough time to focus on it 24-7.
Why am I 7th?
Yeah, and I'm 12.
How did they calculate this?
You must have changed.
You're 16th right now, Mendo.
Okay, that's what I thought.
It's the team rank for some reason.
We're higher.
Okay, maybe there's not as many teams.
I see.
So it's ranked, Mendo.
You can't form a team, maybe. So you know how there's an open comp teams. I see. So it's recommend though. You can't form a team,
maybe.
So like,
you know,
there's an open comp,
anyone could get it.
You're right.
It's mostly like the influencers
and you can join like
the influencers teams,
not like the users.
That's why.
So why there's so many people
on this?
Yeah.
Anyone could have participated.
okay.
That's cool.
So you had to deposit 10 grand in the platform.
And the good thing is if you deposit 10 grand in the platform,
which you can,
you can still participate.
You get to be first dibs on using synthetics after.
So for the people who want to do it,
obviously we've partnered with them,
but we're participating in this and we've been using the platform a lot
because of this competitions back to back.
You know,
it's been,
it's been fun.
Where are you at,
man though?
There you are.
Wow.
You're up to 16. So broke. What Where you at Mando? There you are 16. Wow, you're up to 16
So broke what are you gonna do? Let's talk let's talk some training strat
So up to 43 now
I'm gonna slowly grind up. I'm gonna play the same game. I played last
I mean this this I'm gonna wait here on Bitcoin. I do agree with Mando. I do think Bitcoin's heavy and
I'm going to wait here on Bitcoin.
I do agree with Mando.
I do think Bitcoin's heavy.
And I'm going to try and take profit in the 90K range.
So I have half the trade leaving at 91.
I was thinking of taking another half at 90, staying flat into FOMC.
And then deciding what to do here.
I don't know.
I'm going to have to trade different assets in Bitcoin though.
Maybe a Farcoin long.
Mendo's right.
I like it.
I always like to trade Farcoin.
You guys know that historically.
So maybe at this level, like 340s long Farcoin.
What do you guys think?
What do you guys think?
I mean, Tyler, you're going to have to trade alts for sure.
What do you think?
I have to go out on a limb.
I've got like 16k in the account.
So I'm going to be max levered on the riskiest alts.
I think Falkland could be good for you.
I was looking at that.
Pengu's on there too.
Mostly watching FOMC,
wait for the Darth Maul candle to happen
and then kind of see where things land
at the end of his
presser and then probably put a position on them.
Then we've been strong too.
Yeah, probably
your best bet is probably those two.
Mando, we kind of know, right? You said your short
soul, long ETH.
Yeah, so I'm waiting for this
dump and then I would
cover the soul and buy Fartcoin.
I'm wary of...
I know you're short soul since 140 for trade.
I would be wary of being short into breakpoint,
because that's where they always unleash the beast.
But...
Yeah, I'm just saying.
I mean, I'm not long either. So I'm not too bullish either.
But, um, and of course, long ETH, you know, my interview with Tom Lee's out, wait for
people to manage to listen to the whole hour and, you know, they're going to be piling
Two break points ago, FTX happened.
What?
Do you remember?
Breakpoint in that.
Oh yeah.
People were on the plane back.
I think.
I think Raj is telling the story. remember breakpoint in that oh yeah people were on the plane back i think i think raj
just on the story he was on the way back from breakpoint and then the ftx thing blew up
anyway so there's that um what else uh what else ty what were you thinking
yeah let's see uh we went through all the icCO news for the most part.
Some of the political news.
So part of the reason I think we're seeing more of these ICOs is SEC Chair Paul Atkins came out and said that most of these ICOs shouldn't be treated as securities, and thus they're not going to be under his jurisdiction.
So any ICOs tied to network token, digital collectibles,ibles digital tools he doesn't want any part of that he wants hands off completely and under his view only true tokenized securities
should fall under sec oversight which basically means most of what we're seeing in the native
crypto space is just going to go into the CFTC,
which is lighter touch.
So I think that's a part of the driver of why we're seeing kind of this mini ICO boom start to really play out here in Q4 and probably expect that trend to continue.
So I thought that was notable.
And then Cory Booker, the Senate Democrat,
is I think one of the loudest people speaking out about this,
the market structure bill in the U.S. Senate.
I think a lot of folks have been talking about this.
It's like another bullish catalyst, more regulatory clarity.
And it seems like him and a cohort of Dems are really putting their foot down.
They're not going to pass this thing unless more Dems get in seats of power.
And it's almost like that's not even going to be enough because he's also pointing to the fact that Trump can effectively fire commissioners from these agencies.
So even if Dems get appointed, they want more promises that they're not just going to be you know removed from power
after a few months so and i read the the article from sander lots and encourage folks who are
interested to check it out over on decrypt but maybe uh this crypto market structure bill not
slam dunk to get past here in the near future then I think they already came out and said, don't expect it in 2025. So I think we're going to be looking deeper into Q1 for this.
Maybe pulling back to Michael,
while we were talking about the FOMC,
I was looking up,
so Powell is in power until May 15th, 2020.
So there's three more FOMCs under his leadership.
And I was looking at the,
let's see.
So the April 29th,
his final FOMC is just basically a coin flip to have any more cuts after
today.
So if you assume today's cut goes through,
there's only about a 50% chance of any more 39% chance that we'll get one more after that.
I think that's a very interesting point.
Is that this is one of the first times that the new Fed chair has not been picked in the current Fed governance.
so like normally you would see
them being able to impact policy in some way
towards the end of their term
or like start to see them dissent
or this sort of stuff
Hassett is just an economic advisor to the White House
different
what are the odds Besant becomes Fed Chair?
chair.
let's
verify that's at 71%.
Even worse, 13%.
Best one's 4%. So, 25
to 1.
Let's see.
Let's see the odds here.
Yeah.
And that change would be in like
said
so I think there's a bit of thought
that like it's a propel
but it's not
not at all
isn't it going to be cut in January
it's interesting that they put
that they juxtapose
giving this presser
like a day before FOMC.
So they clearly are starting to do this on purpose.
And general thoughts is Hassett's going to be more likely to be heavier.
though we'll see if he does do that
Though we'll see if he does do that.
but it'll still be interesting
at the end
where he leads us
projects out future thoughts
other than that
the Meteora team has been
very busy
this is somewhat in line
there's a bit of a DeFi boom
happening
just IPO now Meteora is somewhat in line with this. There's a bit of a DeFi boom happening with a humidifier.
Just IPO.
Now Meteora, yesterday they said
a new Meteora
is coming in 2026.
They should talk to some updates for the
DLMM. Today
they announced, hey,
we've already bought back 2.3
of our token supply. We're going to keep doing
this in a discretionary fashion.
And we want to focus on the long run on what works,
growing revenue,
optimizing expenses,
returning value to token holders.
So I think a bit of updated rhetoric out of this team,
right?
Supposedly talk token,
the decisions they're going to make
to drive value to that.
So I think that is notable.
You know, if you trade in the Solana ecosystem,
Meteor token at 300 million FTV
basically is in line with what that humanifies
what token is, a brand new launch.
So that's going to be one to watch
with these continued buybacks as well.
And then maybe getting into NFT, I think maybe not a huge surprise, but Doodles, I don't think they sold out.
Their companion mint, the Doopies.
So they were selling, I want to say 25,000 of these.
Some were free giveaways. Alright, so
their public sale at one
is 36%
minted right now.
I mean, read
the room.
25,000
NFT mint at three
sold?
What? I was just like... I was surprised myself. mint at three soul what
I was just like
I was surprised myself
how is this getting done
like
I don't know I'm not this is not against
if any NFT team decided to do this I'd be like
this is probably not going to
go that well
the thing is
some people were saying,
they've never done a companion.
They've never done a companion?
You mean on
Solana, maybe?
The problem is
duplicating is operating at $86.
They're .02.
They're not a companion.
Fucking Doodles have sold like $100
worth of fucking NFTs.
I think Doodles have sold like $100 million worth of fucking NFTs. I think
Doodles have definitely done a few mints.
They've raised a $600 million
valuation in fucking 21.
They did
like 17 different mints.
It's Obi's favorite project,
right?
Yeah, they did like, I don't know.
They did a Doodles token on Seoul.
If this was a Zuki
or if this was Port Apes or this was...
Dude, if that was Zagabond right now, man.
I'd be like, bro, like
$25,000 mint at three Seoul.
Dude, I'm...
I'm surprised they sold any.
We should fucking mint more NFTs than Rock Radio.
It's the fuck I've been at this station.
Sell stakers on it.
And they sold stakers.
Man, Mendo knows because he's really involved with us.
We're working our fucking asses off to do everything
when we think is the right way.
I should do an ICO.
Sell fucking Telegram stakers with Snoop Dogg.
Fucking five collections on different chains
man i haven't seen a an ordinal stuples actually god knows we should use some cash yeah i'm gonna
drop you know i'll drop an ordinal i was like yeah you know what i'll fucking do an ordinal
collection dude can we do can we just do a pharaoh can we do the baby for ropes on ordnance yeah dude yeah I was about to say that you read my mind we should just
mint sorry sorry inscribe inscribe sorry inscribe you could describe eat as well
couldn't you we should do an ETH or inscriptions remember those they exist
yeah should we check in on our ordnance I haven't looked at magic eatins board in a while or price of one Bitcoin
Wow point zero one two three Bitcoin
It's still higher than when I paid which is wild
That's how low I got why there was point 24 Bitcoin I'm sort
Not great. What about ruins can we check in on pups? Let's do it. Let's do it. It's been a while five
And a half million I saw cracking they did me to post the pups in it
Maybe this thing is still so I got some legs, you know
Because you can buy pups on crack
In the dog token Scott
Remember when I was told that I was the bottom signal for no
Abandoned completely
Just sold my bag. It was still worth like 100k then
I was like you know what I remember the chat
just another 2x and I got myself the car I want
such
what the fuck
is there a book called like
the dumbass investor
that you read about me
anyways
watch my Tommy interview y'all you guys should watch it. You guys should actually watch it really good
What's can you give us any highlights like what should we look out for?
Some myriad shout outs in there
What I would look out for is the part where he says that he's never gonna sell his ETH because they're building proprietary technology
technology at bitmine in order to stake the eth so they're going to look into staking their entire
I'd bit mine in order to stake the ETH
stack of eth which will take about 70 days to fully stake and that then they will be making
about a million dollars a day so they're going to turn eth into a cash machine uh and they're
never looking to sell it like he said this on on the pod so i thought that was interesting that's
the second half like We really got into Ethereum
about the 31-minute mark.
I timestamped it.
I love this line on being a permable.
He was like,
I've never seen a bear buy a private jet.
And I was like, dude, my man.
I saw a really good...
What was it?
Interview with Druckenmiller.
Do you know this guy Druckenmiller?
I've heard of him.
But who is he?
Do you want to... Druckenmiller. Do you know this guy Druckenmiller? I've heard of him. But who is he? Do you want to...
Druckenmiller...
Stan, right?
Is like the guy.
If Warren Buffett is the value investor,
Druckenmiller is like the trader.
Let me put it that way.
The guy has had insane returns
for like 20, 30,
maybe even longer now, 40 years.
He's the guy who always says diversification is trash.
I have one egg in one basket.
I look at it really, really closely.
That's like his famous quote.
And I think I saw an interview with him,
maybe it was this week or a couple of weeks ago,
where he said,
the only short investor I've ever known to make money is from reminiscence of
a stock operator,
which is that famous book about Jesse Livermore.
And he made a hundred million dollars in 1929 and then he killed himself in
1936.
yeah,
you don't make money being a bear.
Amazing years as a short trader.
And then they almost become the monkey on your back in that you can't,
you think that's your one,
your,
you have to make money that way.
And it can,
it can hurt.
Like,
look at what has just happened with,
with,
the big shortcut.
Right.
Now he's looking into tokenization.
Like genius trader.
Yeah.
clearly got it right,
but then almost had to become that guy
because of the public pressure around it and clearly played into it.
And then, you know, Scott Martin is at all-time high.
There's no rationality often to the price, and he's getting caught out.
There's no point trying to short. I don't like it.
Even if you have a great year, I think it can then ruin your next five.
You know?
Yeah.
So that was interesting.
What he was saying right now, just to be clear, Stanley Druckmann said there's no value in the market right now.
I don't like any trades.
Wow.
So that kind of tells you he doesn't want to be short, but he said no value.
But that's why I like crypto in a way, because even though majors could be like flat and suck for six months with crypto, you get like meme coins here and there.
You kind of have the casino aspect to it, which is a little different.
You know, like you could be flat for four months on Bitcoin and there'll be opportunities here and there if you catch them.
Right. I see.
Oh, it's this, that.
So but besides that, I see it.
I think what's a really good way of thinking about it,
and this is kind of what I was saying earlier in the show,
which is like, think about not only is this a good trade,
but is this a good time to do a trade?
That, like, almost rate the market right now on,
is this a good time to do a trade?
And if that score is not like above three then you shouldn't
be doing big trades in general because they will often just mean revert or like if the market is
not volatile and like things aren't 5 10 xing it's probably not going to be the coin that you buy. Yeah, it's super boring right now.
So almost temper your overall overarching,
like how much I should be in a trade,
and then pick the trades within that.
So at certain points in the market,
let's say Q1 this year,
maybe when we were over the summer, we had nice little runs
at certain times. There were times where it felt
like coins were going for it.
it's like you want to buy Zcash because it's
dropped 50 or 60%
and it's on a rebound. Or you want to buy
Fartcoin because it's also dropped 90%
and it's on a rebound. Those are
very different sorts of trades.
Blue Sky, this is going to go 5, 10x.
East going to 50k.
In those sort of times, things can hit many, many multiples pretty quickly.
Now I'd be super fucking worried.
Yeah, it's kind of boring.
There's definitely no coax at the worried. Yeah, it's kind of boring. There's definitely no cooks at
the moment. No, you're right. So anyways,
there's that. Let's give some money away.
I saw there's a festive lamb chop,
so I want to play that.
I saw that Christmas lamb chop is out.
Omaha, yes, it was fun,
but that was good. Oh, and
I had to ask him about the glitch of 1010.
That was really funny
with a straight face that was great so he explained that as well
i'm sure but when he explains it to you face to face you actually like you understand it
there was a software but there was a glitch in the matrix
oh we talked sailor i asked him what he thought about sailor's recent
macro strategy plunge and he pretty much called most of that's dead, but that's
kind of obvious. The thing with Bitmain is actually
solid, man. He's got...
He's really got it together.
I really
fuck with him as a person, I have to say.
He's very calm, composed.
He explained his past, how he
got it from his dad being a psychiatrist, and
he's always been very...
He's a really good... I mean, you've met him,
but he's,
he's a really good man.
So I appreciate that a lot.
I found this,
this quote,
if you want to listen to it.
you're sharing.
Okay.
Here.
And then he went,
pretty short seller ever.
Jesse Livermore made a hundred million dollars in 29.
And then he went bankrupt in 36 and killed himself.
Did he jump or shoot?
It wasn't good.
But I don't think you need to short.
Just sidestep it. But to me,
the risk order is difficult right now.
We've got not much
to do.
He's been pretty bearish for a minute
though. He actually is bullish on things like gold
and Bitcoin. He's been
pretty publicly bullish on those things in the past
because he thinks that we're heading to some form of a big debt blow up.
But if you're going to follow anyone, I know he looks very much TradFi.
He's a fucking G.
This guy swings
like no one else in
Tradify.
I like that. That's some good advice.
I mean, this is a time where you want to consume all that sort of content
because the market's so boring, you kind of want to do it.
All right. Let's get some money away.
Let's play some
lamb chop.
And let's get this party
going. All right. Who's going to win
today? and let's get this party going alright who's going to win today
alright give me a max win
what a name
give me a
it's Coco Jambo
I know that username
that's someone
I'm sure but. That's someone.
I'm sure.
But isn't that someone who's been listening forever?
I've seen Jimmy and Max went on our site before.
Yeah.
Big win.
I think,
I think Coco Jambo,
someone has been listening to the show.
Correct me if I'm wrong,
Coco.
Yeah.
You're,
you've been listening,
but since like the Ovi days as well,
way back, like three, four years, right?
Let's go.
I think so, if I'm not mistaken.
Anyways, congratulations.
You already made 500 bucks.
You know the drill if you listen daily.
Let's get into some lamb chop action.
Oh, the sound.
Listen to the sound.
This is good.
You guys are going to be obsessed with this.
Tyler!
I'm going to go broke.
Tyler, this is not for you.
God damn it, Tyler.
Okay.
Little note from our sponsor, Yeet Hot here.
Gambling is for 18 and up only, and I believe 21 and up in the United States.
Please do not gamble if you're not of age.
There you go.
Woo! Bitmine just retweeted my fucking thing. Let's go!
Alright.
Coco Jambo.
I love it. Man, you guys
are so good at this.
A lot of casinos are like
originals, but they're so fucking low effort, you know
Coco tell us what you want. What mode how far you go? Yeah, this is so high effort. So the fourth tile
In easy i'm assuming all right, yeah, and they want money for christmas presents. Let's go
Let's go
Yeah, by the way from now on if, if you're playing on Christmas Lamb Chop,
it's for Christmas presents.
Here we go.
There's this fourth.
That was easy, my friend.
That's an easy one. You have 375
in the bank if you want.
You have two runs and you're looking good.
This is so nice.
I'm going to play this with my mom during Christmas.
This is a tracks round for sure.
Yeah.
We'll respect your wishes.
I'd cash this one.
All right.
You'll cash this one.
You'll cash, cash.
This one's gonna go.
Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh! Oh I have to say though, I'm noticing a pattern. Did you notice it's not the first time someone says four tiles and then the next one was a loss?
Just saying.
Here's the thing.
Producer Charlie, we got a list.
Every one of these guys who exits one square before the death.
Yeah.
I think All-Stars.
We should actually have a bonus for that.
I feel like.
Yeah.
You get an extra hundred bucks if you like.
Listen, you're the boss, so I'm in.
Extra hundred bucks for that.
All right, Coco Jambo, congratulations.
You got top top.
Another hundred.
So let's note that.
Top up plus 100 to Coco.
Okay, what does he want for the next one? Oh, yeah. What do you want here? You have another run, Coco. Okay. What does he want for the next one?
Oh, yeah.
What do you want here?
You have another run, Coco.
Go for it.
For the tracks, I think.
Let's go.
Let's go.
Come on.
Come on.
It's Christmas.
Oh, that's too bad.
Listen, at least you got the top up.
So you got 1,000 almost?
Got to go at 375 plus 500 plus 9. So you got 1 thousand almost? Gotta go at $375 plus $500 plus $9.
So you got a thousand bucks.
Get some good presents for that.
$500 plus $375 plus $100.
Love that.
Well, Coco Jambo, congrats.
You made $975 today.
So go and get yourself some fun Christmas gifts.
Boys, I will see you all tomorrow morning,
10 a.m. Eastern Standard Time for the episode of Film Hour on Rock Radio.
Let's go. Thank you. . Let me end this here.
