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FOMO HOUR: FOMC, ETH TURNS 10, MARKETS AND NEWS.
Recorded: July 30, 2025 Duration: 1:13:01Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored significant trends and developments in the market, including Kraken's IPO plans, JP Morgan's partnership with Coinbase, and the bullish sentiment surrounding Bitcoin and Ethereum as they approach pivotal moments in their respective ecosystems.
Full Transcription
Thank you. Yo, yo, there we go, there we go, there we go, there we go, there we go, there we go, there we go, there we go, there we go, baby.
I'm trying to figure this thing out, but I can't.
Why can't I go lower?
My head's cut.
The fuck? I have to sit up down here.
Oh, I need to put this higher. That's why.
Let's go.
All right, Sims, kick it, baby. Thank you. Oh, my God. Yo, yo, yo, yo, yo, yo.
What up, what up?
Good morning, good morning, GMG.
Wednesday.
Wednesday, July 30th, 2025.
Look at this.
Another beautiful day to have a beautiful day.
I got my clothes in the house.
Tyler, good morning.
How are you doing today?
I'm good.
Rocking the double green, trying to manifest green candles.
God, it feels like we need them. After a little rough start to the week, Bitcoin's down half percent. We're all losing our minds, waiting for more pump. And then today, today's FOMC, arguably the most important FOMC. That's it. We're totally going to see a different stance from last time.
There's totally going to be changes.
Totally.
Totally going to be a bunch of different stuff happening today in FOMC.
Totally.
All you got to do is go on FedWatch and then you just know exactly what's going to happen
at FOMC.
You know what I mean?
What's going to happen to the FOMC?
No, you just got to go on FedWatch
and you'll know that there's going to be absolutely nothing
changed.
It's all about the stuff he talks about after.
But anyways, we'll talk about that today because
we will be joined by another legendary guest.
CT Icon.
Wizard of Soho.
So Wiz is going to join us
like 10.30 a.m.
Some of that. So we can talk about fomc maybe some macro because it was a big macro day so we definitely want to get him on talk
macros uh talk fomc talk markets etc um then we're obviously going to start with tyler's market and
you know like all the topics and stuff that we got to cover uh. Then Wiz will come. We'll talk about this and that.
And then last but not least,
Yeet.
Actually,
Wiz got a lot.
Like though,
when I'm following the phone,
maybe get lucky.
I know he likes to play land chop a lot.
Yeet.
Giveaway.
So go to Yeeter boards.
It's live on DGENs.
You go to kick.com for such DGENs live.
You have all the links,
everything.
So make sure you watch us on video if you want to have a bit higher chance
of winning.
It's all on there.
Where's my thing?
And as usual, the show is powered by Wallet Connect.
Wallet Connect is a connectivity network shaping the future of all-chain UX.
If you've connected to Web3 app, you've seen Wallet Connect.
That blue logo, it's everywhere.
Not going to trust in crypto is recognizable as Visa at checkout.
Want to learn more, follow Wallet Connect on X and Telegram to stay ahead of what's next.
But also, also, also, also, also Kraken actually made the new yesterday.
With Kraken Pro.
Kraken Pro, with Kraken Pro, you get full control over your layout.
Drag and drop any module.
Customize it all.
It's clean.
It's smooth and built for real traders.
If you trade crypto, check out pro.kraken.com.
Trade without tradeoffs.
Tyler, to you.
For daily NFT and crypto analysis. check out pro.kraken.com. Trade without trade-offs. Tyler to you.
Yeah, folks, crypto major slightly red here ahead of
today's FOMC. We've got Bitcoin down
0.3%, 117.7.
ETH down about a percent,
37.70. Salon down 2%
at 178.
Running through some
of the headlines here, the ETH ETFs
outpacing the Bitcoin ETFs
this week, 284 million to 237
million. I actually looked at the last 15 sessions.
They are dead even
with respect to net inflows, even
though Bitcoin is a 5X larger asset by market cap.
So those ETH ETFs on a market cap basis are greatly outperforming.
Big news on the ETFs out of the SEC yesterday.
They approved in-kind redemptions for Bitcoin ETFs, meaning shares of ETFs will eventually be redeemable for spot Bitcoin and ETH and vice versa.
So big unlock there.
We had Senator Loomis, Cynthia, introduce a bill requiring Fannie Mae and Freddie Mac
to consider crypto assets when reviewing mortgage applications.
That's a big one.
Kraken, our partner, reportedly planed IPO at a $15 billion valuation.
So a huge crypto IPO to look out for.
And eToro set to launch tokenized stocks on Ethereum.
Breaking news this morning,
JP Morgan has partnered with Coinbase to make funding accounts easier than
ever to unlock Bitcoin buying via credit cards and using chase reward points
to buy crypto.
So big surprise there.
Big day for corporate treasury.
Sailor's strategy bought 21,000 Bitcoin,
$2.5 billion.
They used all their fundraisers already.
He spent it. Jack Mahler's
21, now the third largest
Bitcoin holder, $43,500.
Bitminer revealed it has
$625,000.
BTCS, Final Perspective Stories, another
$2 billion to buy more ETH.
So the ETH Treasury Co-Race,
heating up, and then there's a new player, ETH Zilla.
ETH Zilla.
ATNF.
Damn.
Raising $425 million.
ETH Zilla.
That's the name?
Oh, ETH.
Damn.
That's the name.
ETH Zilla.
Sadly, the ticker is not ETH Z, which would have been much cooler than ATNF.
Yeah, ETH Zilla.
We're going to need ETH Kong next.
Yes.
Get it?
For sure. We'll get into that
in a minute. Rounding
out, token airdrop protocol news. We talked about
Linea yesterday, but again, they introduced their
tokenomics, native yield, ETH Burns.
Hyperliquid faced downtime
issues yesterday. It looks like news out in this
morning, they're going to reimburse
users who were impacted by that.
So look out for that. Infinex
integrated the Hyperliquid EVM.
And then Yeet passing $300 million lifetime volume.
Their latest $100 million came in just 30 months.
So they are accelerating.
In AI crypto news, Coinbase announced it's going to list that banker token.
A lot of folks in the Coinbase, in the base, virtual streets, knew that token.
So that was a big one.
And then Fubar, teasing his new product called Circuit,
allowing agents to run on existing wallets and aiming to overhaul crypto UX.
Meme coins were largely red on the day, mostly on 5% to 10%,
pretty bloody day for the memes.
This came amidst pump fun hitting a 10-month revenue low, sub $300,000.
Though the team has seemingly upped their daily buybacks from 25% to 100%.
So that is perhaps driving
the positive price action
for them. In NFTs,
leaders are chopping
a bit. Punks are seeing a lot of above
floor aesthetic sales.
Then it was a big day for Art. Mine, the gap up
270%. Gazer's up 37%.
Verdias up 36%.
And that's our report
Alright
Well that's a lot
I don't want to talk about
Over here I'm just getting
Whizzy Whiz our links
Over here let's do
The markets and all that stuff
Last
So that we can
Cover it with Wiz
when he comes.
for now, why don't we just start with
what you just sent us.
I think the crypto report is a good place to start.
It looks like we're expecting a press conference at
2.30 p.m. Eastern where the White House
is going to reveal this report.
Interestingly, I believe that's up against FOMC.
That's at the exact same time.
Yeah, so
perhaps on purpose.
Trump trying to steal some attention from Powell.
But folks,
it looks like it might be perhaps
a bit of a letdown depending how high
you had your hopes up.
So we have Elmore
reporting this morning that Galaxy Digital, who was a contributor to the report, said that while the document expected to be the most comprehensive and positive U.S. government statement on crypto to date, it likely won't include any material announcements that would significantly impact markets.
And then some breaking news this morning.
It looks like a preview of the report has been released.
There is no mention of the strategic Bitcoin reserve.
So I thought we were going to get that.
I have to go back through what the executive letter laid out,
executive order.
I thought it tasked them with creating a plan to build out the strategic
reserve within the 180 days. Maybe that wasn't there. I thought it tasked them with creating a plan to build out the strategic reserve
within the 180 days. Maybe that wasn't there. I thought it was in there, but apparently that's
not going to be in today's report. It looks like it's more high-level framework, creating a
regulatory environment for crypto, which is, of course, very positive. But I think we all knew
that that aspect was coming. It's been kind of laid out with the Genius Act and the market structure bill.
So it doesn't look like we're going to see a whole lot of new information, more than just a confirmation of the U.S. wants to lean more into crypto than it has before and open the doors to companies building in the United States and operating within
a framework where they know that the rules and regulations,
which again is very positive.
But it doesn't look like we're going to get a report that says we're going to
buy 5 million Bitcoin in the next five years,
unfortunately.
Yeah.
Yeah.
It still looks very bullish though.
Excited to see what happens.
So 2 PM today.
Okay. Something to pay attention to. I have
nothing to expect here.
At all. I have no clue. Just going to sit and wait, I guess.
I'm assuming we're here, but we'll go out
immediately after, right? So I wouldn't be surprised if
Sander... I was going to say, I wouldn't be surprised if Sander... I was going to say, I wouldn't be surprised if Sander is
boots on the ground there at 2pm. I'll check on this,
but yeah, interesting. Okay, I'm really excited, actually.
Let's see what happens there. It's always, I mean, we're just going to get more
positive headlines, right? Especially after the JPMorgan Coinbase one, which that was pretty
big. Yeah, let that was pretty big.
Yeah. Let's go there next. That one caught me off guard and I haven't had a chance to dig in super deep into this, but the headline here, three components of this new partnership,
JP Morgan and Coinbase. They're going to enable this bank to wallet connection,
which will make it easier to fund your crypto account on Coinbase.
Also vice versa, it will make it easier for you
to take funds from Coinbase back to
your Chase Bank account.
It's going to allow you in 2026
to transfer Chase Rewards to your
Coinbase account to purchase crypto.
And then
it's going to let you use Chase
credit cards to fund
your Coinbase Bounce for the first time.
What?
Effectively buying crypto on leverage there via your credit cards.
So it's a big one.
Damn right it is.
It's a huge one.
The CEO, Jamie Dimon, of course, historically very bearish.
Do you have anything to say on that?
But it's like he says one thing and then the bank's actions say another thing.
And it's very clear that JP Morgan is leaning into crypto and they are accelerating.
And they are the bank that I use.
So I'm experiencing this firsthand.
So I think this is nice just to know.
I feel like for one thing,
you probably don't have to worry about your account getting flagged.
If you're moving money back and forth,
it's going to be nice.
I am curious what this means for JP Morgan,
eventually cussing assets.
I thought that they would eventually get into that game where you could hold your Bitcoin, spot Bitcoin,
spot ETH directly.
I wonder if this means
they're not going to do that and if they're going to
effectively partner with Coinbase
for that.
Which I think is a win for Coin.
Definitely a win for Coinbase.
How's the Coinstock reacting on the back of that today?
What's up? Down 380. Nice. It's the corn stalk reacting on the back of that today? What's up? Damn, 380.
Nice.
Yeah, so I mean,
it's within 8% of all-time high, basically.
Yeah, it's just chilling there, right?
It had that blow-off day.
I think it hit to like,
it went nuts that one day,
and then it sold off,
and then it hit like 440.
Whoa.
It did hit 440.
That's nuts.
Look at this.
God. It looks good, though man it does look good um wow that was crazy it went all the way to 440 that
day that's insane what a run by the way yeah that friday like all the crypto stocks all popped and
they all sold off like I haven't watched Circle.
We haven't been talking about Circle at all.
What's going on there?
Oh, it's still okay.
I haven't even been checking in on it, really.
So I guess it's settling at $200.
It's still a lot.
If you shorted the top, maybe you were correct, but I don't know.
Sure, I mean, Yeah, I guess.
Yeah, but still impressive.
It opened at $30, right?
Yeah.
Anyone who bought the first few days up nicely.
If you bought the blow off top, you're down.
I'm not necessarily long here, but I wouldn't be short either.
It's not the type of asset I'd shorten the bull market, that's for sure.
It's impressive.
I guess we can also go there.
Kraken. Good for Kraken.
I think this has been like,
I think we've even talked about it before. It's kind of been
in the works, it seems.
There's been rumblings about this for a long time.
That they're
going to be IPO-ing.
So it looks like they're filing for it.
Yeah, we knew they were going to file.
I think the news here is the numbers.
So they're looking to raise $500 million at a $15 billion valuation to IPO here.
Coinbase, for reference, is $96 billion right now.
So about six times higher.
But Coinbase is much bigger, no?
Or what's the numbers?
Yeah, it is.
That's going to be one of the natural comps, right?
Of course, of course, of course.
I mean, it's the only comp.
It's the only comp, yeah.
So cracking Q2 financial highlights.
Gross revenue, 400 mil.
Plus 18 year over year. Of course.
I mean,
this is a big year quarter over quarter trading volume.
186 bill.
Wow.
Funded accounts for perform mail a bid adjusted 76 mil assets on platform for
3.2 bill.
I don't know what the numbers are for Coinbase.
I wish I had this comparison.
Yeah.
I would have to,
I'd have to look back into this. Maybe for tomorrow's show.
Yeah, that's actually interesting.
Give me these numbers for...
Let's ask the overlord.
Give me these numbers for Coinbase.
Let's see if...
So Q1, that was Q2.
Oh, because Coinbase numbers aren't out for Q2. We are in Q2. No, Q Q1B's numbers aren't out for Q2.
We are in Q2.
No, Q2's not.
We probably don't have Q2 yet.
We don't have Q2.
But Q1, because those numbers are Q2 financials.
Your revenue is $2 billion, so 5X revenue.
So 5X rev in Q2.
Trading volume, 400 bill versus 186.
So actually, okay.
That's like 2X-ish.
Adjusted EBITDA, that's 926, 29 billion.
But this one is 79 billion?
79 million, sorry.
Okay.
Assets on platform, 43 bill versus 228 bill.
So what, you're looking at about like four, yeah?
So it's, I don't know.
I mean, if you ask me like Kraken,
like for people IPOing,
it's probably an easy 2x for them.
That's my read, actually.
I think it's a fair IPO at 15.
And I think you can see the 2x pop perhaps on IPO day.
And then it'll kind of come down
to what their growth numbers look like and what
the path forward is. Maybe tokenized stocks
be a big vertical for them, perhaps.
Yeah.
We're asking the overlord
is it a buy, a yes or a no?
Like we did for Circle.
And Circle went like a million X.
So went 10X.
we're going to see what could push.
Okay, so it's saying it could go to 40 belt.
Bullish case.
Neutral stagnant case 2025 and bearish BTC crash 10 to 15, so flat.
That's what the overlord is talking about here.
It's actually interesting.
When you ask the overlord some questions,
it actually gives you quite a case.
I like that.
Yes.
Oh, yes.
We got a yes.
All right.
If you're bullish crypto over the next two or three years,
and of course, NFA, DYOR, right?
But it's telling us bull case, 40, 50, neutral, stagnant, 20, 25, bear case, 10, 15.
So flat.
You know what's so funny about this is this is my exact read.
The robots are just like us.
I was just going to say like the intangible factor here is it's a crypto stock.
Exactly.
And we don't have that many of them.
Exactly.
The treasury stocks are kind of like in their own bucket and people are kind of starting
to go a little more negative on them uh different discussion yeah for pure crypto plays you got coinbase circle gemini's
coming that's it um folks in the chat saying rumors 2026 yeah we're reading so rumor so
wrecked rugged djens love that uh is saying rumor is ipo for Kraken in 2026. It's selling at $32 on secondary pre-IPO.
Obviously, a grain of salt here, everyone listening.
We don't know, but...
Robinhood.
Yeah, Robinhood, true.
That's technically also could be considered a crypto stock.
Yes or no?
Yes and no, but yeah, I get it.
You could put it in the same basket.
Like if there was an ETF of those stocks,
I feel like it would be in that basket.
Gemini is coming, right?
That POI is and everything.
But shout out to Kraken
because there are sponsors
and we love them.
We love working with Kraken.
We did a lot of work with them.
The only exchange I've ever used
to off-ramp in my life
because it's like,
it works amazing.
Like I did off-ramps in Canada
with Kraken in 24 hours.
I was shocked.
Like I got a
colleague your money hit the bank account i was like what because canada is also known for like
tourists to be bad with crypto and in 24 hours and i was like what the fuck and then i was like
fuck yeah i want to work with these people and then we found a way to work with them uh but uh
but it's uh it's really a good one so shout out to them. Arjun, the CEO, we should get him on the show.
He's a really smart guy, man.
Very, very, very, very smart lad.
So there's that on the crypto stocks and all that, those news, White House.
What else we got, Tyler, while we wait for our friend Wiz?
Big day for the Treasury Co's.
So there's a lot to get into here.
I think we can maybe start with ETH Zilla.
Perhaps it's a sign of the times or I'll send you the tweet here.
So this is the latest ETH treasury vehicle to come out.
Incredible name and branding here with ETH Zilla,
which is kind of a sign of the times with where we're at.
We're getting the splashier titles. This is
great. This is great. I love this.
They're going to deploy a range of on-chain strategies to
accumulate ETH. So they're going to have staking, restaking,
and deployment on-chain. It looks like they've got backers, electric capital,
GSR,
and additional support from folks like Robert Leschner.
Leschner was named in this group.
I think he tweeted about them as well.
This company behind it,
180 Life Sciences.
So it's another life sciences company who's,
who's doing this pivot,
but it looks like it's not a full pivot.
Apparently they're going to continue their biotech and gaming initiatives, opening up additional avenues for value creation.
So that's perhaps one differentiator here is if they continue to generate revenue via the traditional business along with just
being a treasury co. So that's perhaps a twist, though I have not looked into that business
and how it's doing. $425 million.
So half a billion in ETH.
Buy pressure coming from ETH Zilla.
Okay.
They're going to be top 10.
The arguably bigger news, though, was BTCS.
So if you go to the Strategic ETH Reserve website,
BTCS is ninth on the overall list.
Okay.
$70,000.
Oh, yeah, 10.
I see that.
I see that.
Okay.
They filed a prospectus to raise up to $2 billion.
Whoa!
The verdict is out if they'll actually be able to do that.
That will require a lot of demand on the market
to effectively allow them to sell shares
to raise that much capital.
But if they are able to do it,
that would be enough to catapult them to top three to raise that much capital. But if they are able to do it, that would be enough to
catapult them to top three
on the list if they're able to do it.
So a lot more buy pressure
coming into the
ETH treasury coverage.
This is insane, man.
And today is Ethereum's 10th birthday.
It is.
Happy birthday
to you.
Happy birthday, Ethereum. We love you. S birthday to you. Happy birthday, Ethereum.
We love you.
Sincerely, the team at Myriad.
It's a big day.
It's a big day today for Ethereum.
I've been reading a few threads on Timeline.
So Papa Joe Lubin talk about it too, write something about it.
I have to say, though, you know, I've said this a lot on the show before,
like, over the last three, four years.
Like, Ethereum is, I do believe,
is one of the most impressive pieces of technology
man has ever created.
Yeah.
Like, Ethereum is the layer above the internet.
Like, since the internet itself,
like, I do think, like, Ethereum is, like,
I know people, some people will say AI and stuff,
but I genuinely believe, like,
blockchain technology is bigger.
And I think, like, I think, like, say AI and stuff, but I genuinely believe blockchain technology is bigger. And I think Ethereum is one of the most impressive pieces
of human technology ever made in the history of technology.
It's up there with AI, electricity, internet, all those things.
I think it's up there.
It's actually really...
Think about it.
There's a security layer for the future of money transmitting
and everything too, when you think about that. security layer the future of money transmitting and everything too
when you think about that
that's actually crazy
yeah
and they invented
programmable
decentralized finance
this is insane
programmable
decentralized finance
it's never been down
in 10 years
there has been
zero downtime
on Ethereum
in 10 years
it's incredibly reliable
which
is another of the reasons why it's the second biggest crypto asset in
the world.
It's pretty.
The future is bright.
Future is bright.
And it's actually trading really well.
Like everything kind of took a shit and ETH is just not giving dude.
It's strong.
It could chop you for a while.
I forgot who said this and i think that
was not a bad take um we had somebody on the show this week you and i talked about the theory oh
jason yesterday he was saying could see if you know kind of like um um chop this 4k region right
and and i see it you know but it's it's actually really, really, really impressive.
So shout out to Ethereum.
Was there any news, Ethereum related, on top of this?
You just talked about the...
Other than the Treasury Coast, I haven't seen anything.
I am curious if we'll get any announcements today on the 10-year birthday.
Yeah.
It would be a good day for us.
I'm actually a bit embarrassed I'm not rocking my my eat hat today. Perhaps I've made a mistake
Hopefully the e-polls don't find out I was I was supposed to be in New York
They ring the Nasdaq belt that with the consensus lads for SBET. Mm-hmm. No, I do that today. Yeah
Oh, well, I missed that locks is there
We have two people in our team that are there.
I know Lox is there because he flew from Texas.
So our CEO will be there, which is pretty cool.
Right?
And I should have just gone.
Yesterday, I was like, you know what?
I should have just fucking gone, dude.
I want to ring that bell.
Or be there next to everyone.
We're like, woo!
So it's true, yeah. Can't like, woo. So, so it's true.
Yeah.
Can't believe man, no stealth retired already front run his own retirement.
I know.
I know.
He was, he was supposed to be here today and his flight was delayed, delayed.
And he's not here.
So he's not there.
Anyways, we think we could talk about our meme coins.
I don't know.
He says he's rushing home.
He's a little late.
But unless there's other topics that you want to touch on.
Just quickly rounding this out.
On the Bitcoin side of the house, we've been talking way more about the 8th Treasury Coats.
But Jack Mahler's company, 21 Capital.
Tommy Moore.
It's just called 21, rather.
They are the third biggest Bitcoin holder now.
They hold $43,500.
And then Saylor.
We knew Saylor was doing that raise.
It looks like he completed his raise
and he already pushed it all in.
So it's unclear that Saylor has any more ammo
for this week,
which I think some folks were taking as a bear sign, perhaps, that Saylor bought $2.5 billion worth and Bitcoin price didn't budge.
But on the flip side, it's like we didn't budge when we had $9 billion of sell pressure come through last week.
$2.5 million of buy pressure from Saylor didn't budge us up.
We're just kind of hanging out in this new 118K range.
I don't mind it, but this is the range that's driving everybody absolutely crazy.
That's for sure, for sure.
Jack Muller, man, that's wild.
Then we had the other news.
I see you, Wiz, and Stu will bring you up in like 10 seconds.
There was another news about MicroStrategy. 21,000 Bitcoin.
Yeah.
Damn.
That's a lot of money.
They already bought it, right?
Yeah, they bought it.
So they completed the raise
and then bought in already.
Do we know what price they bought in?
Yeah, I say they announced it.
I think it was
around like 17 and a half.
117 and a half.
Oh, here. 117 and a half oh here 117 256
got it
117 256 is the price
they got it in that
I think a lot of people were bearish after that because
they didn't move the price
and then
last thing is Novogratz switches PFPs
with Nakamigos
I don't know which one of you did that but I have to give credit
I'm finding out so apparently it's just a random one from the community.
I have to give credit to Nakamigos. They've been in my mentions all fucking bear market
every day. I still have my honorary Nakamigos. So I have to say that Mike Novogratz with the
Nakamigos PFP is like the funniest thing I've seen in a long time.
It's just posted it, dude.
So it's not even his?
Identify as a wrestler?
Yeah, I tweeted this morning and someone replies and says it's not even his.
That is fucking funny, man.
It's incredible.
I like Nakamigos.
I always have.
And if you had to pick like a long shot underdog in a tea collection
from the 2021-2022 era to make a run, like an unexpected one,
not like a major.
Yeah.
I think Nakamigos is up on the list
is it up there dude it's stuff like this that is so redacted that uh that uh that anyways let me
bring my nakamigo on stage the wizard of soho what up wiz how you doing good man what's up
boys dude good to see you man good to have you nice you too you too yeah i rushed back i was uh
Good to have you.
You too.
I rushed back.
I had to pick out tile colors from my pool.
This guy is too rich, bro.
No, no, no.
Trying.
You guys are the real.
I'm trying to be like you guys.
I'm just playing for seconds, guys.
Brother, Tyler and I are still hosting.
Mando retired.
Yeah, that's when I was going to trip.
I was going to be like oh mando's
gone eh mando's been gone for eight days we haven't seen it we haven't had him on the show
since last monday yeah dude we haven't had him on the show since last monday yeah that's it i love
it ossef left a while back now mando left we lost ossef a while back you know it's okay we picked
up tyler he's been cooking with us. And then we lost Mando.
So now Tyler and I are just inviting people left and right.
That's nice, though.
People like that, having guests and stuff.
Yeah.
I think it's the first time Tyler and I have you on.
You came once with me, Ovi, and Mando way back.
Yeah, yeah, yeah.
With Ovi and Mando, I've been on.
I think with you two, no.
Hell yeah, dude.
I don't think so, at least.
Well, for everybody that's listening
to us live on Twitter Spaces, we
are on kick.com forward slash
dgens live. We're the one and only
Wizard and Soho
here. We definitely want to talk to you about what's
going on on the macro side, markets, etc.
Maybe talk a little bit about Farcoin.
You're not allowed to fud Farcoin today
on the show. I can't.
First of all, you can't fud something that's down like 40%.
Like, what am I going to fud?
Like, oh, it's going to go down 45?
I mean, you could, but it's pretty oversold.
You got it.
I mean, I longed like at 105.
Where is it now?
I haven't even seen.
It's probably still there.
Yeah, nothing's going to move until post-FOMC.
So let's go there.
Let's go there, Wiz.
Let's start with that.
So FOMC today in a few hours, 2 p.m.
Eastern Standard Time.
But we all know what's most important is the conference after.
What are you expecting from Powell today?
Obviously, like Newswatch, whatever it is, FedWatch is giving no rate cuts,
which is obvious.
What's your stance?
What do you think happens to the FOMC and what do you expect from a trading standpoint?
I mean, you're definitely going to see.
Yeah, I mean, it's going to be a no rate cut.
I mean, anything outside, like if they shock the market and cut as well, you know, you got to think about it.
Why would they cut?
The stock's all time high. Bitcoin is basically an all time high. they shock the market and cut as well you know you gotta think about it why would they cut the
stock's all-time high bitcoin is basically at all-time high um you know uh unemployment's at
record lows still it went down last month it's still record lows um economy is you know uh going
ahead uh trade war looks like it's basically done we're like i think there's like two deals to be
finalized that's left.
There's some volatility around the Europe deal and a little bit around the potential China deal, which got pushed around. But like the core of vol's done, right?
So that part, which Powell already said was transitory.
transitory. He wasn't too concerned about any inflation from it. And the fact that at the same
He wasn't too concerned about any inflation from it.
time, we had a spike up in inflation in the last reading. So there's no reason for him to cut. It
makes no sense. Now, yeah, if you had 5% plus unemployment, if you had stock market down like 20 percent uh then and like you had inflation but if you had
those scenarios and inflation would be like 2.1 percent or 2 percent right like if you're in a
recession or something like that so world's everything's doing well like i mean i don't
see a reason nor should anybody want a cut like they like bitcoin hit like 123k with no cuts like what what more do you want um
you know memes are pumping i mean yeah the last two days we have gone down which you know is just
a de-risk into a very interesting fomc and i think the bigger thing to work is i think this is going
to be the pivot point of fomc where they've been on the wait and see, wait and see, wait and see.
I think in the, so we're going to get no cuts. I think we're going to start seeing a potential guidance on no more wait and see. I think we also might get some dissent in the ranks where some
are going to say we should cut, we should have cut in this meeting. Um, and so I think that's, what's going to start the whole not wait and see.
And they're like, okay, we're going to start cutting again.
So, um, I think there are dot plots showed that we need, we're going to see two cuts
this year.
So we got September, um, and then maybe like December, um, which would make sense.
So, and, and especially if we see a descent um is this what polymarket yeah
this should be interesting polymarket versus cme i mean it should be pretty on point i would think
yeah that's zero rate cut fed rate cut in i mean the fed rate cut in 2025 should be like almost 100%. They have one rate cut.
They have one rate cut at 23%.
But you have to pick
the exact one here.
It's not like cumulative.
I see. It's not cumulative.
It's like either one or two or five
or ten.
Oh, interesting.
It should be
two rate cuts.
Like, especially today, we'll kind of give that guidance.
But like the last dot plot said two rate cuts, but they have gone back on the dot plots before.
So I wouldn't be surprised if that changes.
I think CME is showing probably, yeah, it should be showing two rate cuts.
So right now we're at the 4.5%, right?
I don't know what to look on this.
I'm not going to lie.
Yeah, it just shows the band.
You're moving from the neutral rate to higher.
So September is at...
Yeah.
We should be moving to the higher bands.
I mean, I think one rate cuts are guaranteed, especially if we see a descent today.
And I think that's where you'll see a lot of potential volatility.
And, but you want to see gradually move to a rate cut.
You never want to see a shock.
Like, because then you're like, whoa, what does the Fed know that we don't know?
That's what every investor is going to say.
They're not going to be like, whoa, what does the Fed know that we don't know? That's what every investor is going to say. They're not going to be like, oh, rate cuts.
I'm going to long like crazy, which is all I keep reading on the timeline, which makes no sense.
If you are somebody who has a big money manager, you're managing $100 billion portfolio, and you just care about providing 6% or 7% returns 7% interest returns to your, you know, LPs or
to your investors, you just want to go, you want to see smooth sailing, right?
You don't want to see too much of that.
You're like, I don't want uncertainty.
I just want to cruise up.
You're like, oh shit, Fed just cut this much.
All of a sudden that they were not going to i'm gonna de-risk and
try to figure out what happened and that's where the the the which i've seen on timeline a lot like
oh we're gonna shoot off to you know 200k bitcoin by end of the week if they cut i'm like the
surprise cut no surprise cuts bad like surprise cuts mean like something bad's about to happen
and we need to like help everybody
out asap right gradual cuts is like okay we're approaching comfortably our inflation level uh
we've held it high long enough everything's been like we're seeing no big stretches or elasticity
in the market uh so okay we'll cut 25 points we We'll cut another 25 points. I mean, that's what you want to see.
Slow, gradual guidance provided rate cut, which is what we'll see today.
So I think the key thing to watch is, obviously, it's going to be the conference.
But at 2 p.m., if you see if there was dissent on a rate cut, that's good.
Because that means that the committee is starting to see people who are like, let's push for a rate cut, that's good. Because that means that the committee is starting to see people
who are like, let's push for a rate cut gradually.
So we'll probably see then a September rate cut for sure.
You'll see those odds fly up.
And that's good.
You won't see a shock in the market.
You'll see a gradual move up.
Powell's not going to come out.
Powell's still pretty, last he spoke,
he was pretty bullish on the market.
You said everything's going really well.
So I don't see him saying that he's seeing a lot pretty bullish on the market uh you said everything's going really well so i
don't see him saying that um he's seeing a lot of worry in the market i don't think trade war is
going to be an issue i know they're going to ask him about ask him about the trump him hanging out
with trump and all that i guarantee you he's going to talk nothing in depth about that he's never
ever talked about um him being off like anything political in like his 10 15 years now i mean
trump had him as a uh he hired him as a fed governor biden had him obama had him i mean he's
probably the best fed governor you can have like you don't want again that's uncertainty every
money manager around trump is going to tell him do not fire him all
you're going to do is create uncertainty and that's not what we want especially you're going
to be doing that in the second year of trump presidency like front load all the uncertainties
which is what they've been doing right they're front loading with the trade war front loading
everything so that the last few years of the presidency is just going to be comfy, right?
And then you go into the next election and it's like, fuck, we're going to hire, you
know, we're going to take another Republican again.
I mean, that's the game plan you want to have.
So there's no reason, especially next year around midterm elections.
Why would you want to have more uncertainty around the markets?
Like, especially because he loves talking about the market.
So I think this is just all classic Trump posturing,
classic Trump rhetoric,
like, oh, I told him that I'm going to do this.
I'm going to sue him.
Bro, you can't do any of that.
You know what I mean?
And Powell knows that,
and Powell's been through his presidency before.
He's just going to ignore those questions.
There's going to be a lot of bullshit questions,
as usual, and that's going to swing the market.
But I'm bullish. I like this de-risk we happen um i see nothing um no catalyst that should bring us lower i'm not seeing we did see a little move up in inflation
but you know that's also like seasonality is there summer Summer months, there's more people driving, road trips.
More people are spending money for summer vacations.
So that all builds into inflation.
Summer rental houses, stuff like that.
So that all is part of rental inflation, plane flight inflation, hotel inflation.
So that all comes into the CPI number.
So there's seasonality there.
So I'm not too, too worried about that.
It's not as bad as it was like in 2022 at all.
Because remember, in 2022, we peaked that inflation in June, like 9.2%.
So we should have seen that peak in June again.
And we should kind of grow
gradually down so i'm bullish i like bitcoin i like memes i like um uh pengu i like fartcoin
especially because it's fucking down so much it has to go up a little bit at least please
what are we what are we what are we wait let me remove all my schizo lines from my far coin chart so people yeah you are you're you're far if anything like that's mental illness like you're
like a dip wheeler part two like dip wheeler will just keep posting like pictures of ass
till it goes up or like if it's red he'll post like chicks in red bikinis and be like it's okay
bro red is great too right Like your chart was like that.
Like I couldn't, like, like that was just a cope chart.
Like, no, no, it's okay.
We're at this next support.
We have the real support.
No, no.
We have the real, real, real support.
No, no, no.
We have the ultimate support.
The dippity dip, dip, dip.
I'm like, no, what?
But I mean, it's been a big move.
Like if I was, you know, those peaks on the left side, that's fair.
Most people would have been there.
Like the ultimate, ultimate, ultimate would be basically the double bottom that we had before, right?
Like, yeah, those two.
Like, so today ends up going really bad somehow.
And we get a bad CPI down the line.
Then that's probably where
you got a bid at like what is that like 0.9 yeah it's like 0.9 ish yeah which which would make
sense i mean that would be that would be a triple that'd be a quadruple volume i mean you'll see a
lot of buy power there yeah you're seeing a lot of buy here too which is also a pretty good support yeah because like we did we saw a lot of green candles around this level before um so but you're not
going to see it till after fomc like yeah if anything this is where you load up and hope that
fomc is good and you know um that's your angle or if you think it's bad then you just wait for
that next level but yeah you know I'm just sticking to the strength,
man.
Who's been good.
Wrecked,
obviously a lot of strength there.
The wreck is actually up.
Everything else is down.
Wrecked is up like 10% today.
So stick to strength,
whether it's altcoins too,
if you like altcoins.
Yeah.
Look at that.
That chart is actually better than any of me.
Come on.
You just showed me far coin chart and look at this chart.
I know.
I know.
Look at the high market cap. It's not like we're looking at a fucking 10 million market cap coin yeah that's a 400 million market it's actually weird to realize it's actually weird
when you say that it's like we're looking like before like we used to talk about rectal on the
show and then you use the same on your stream yeah 12 mil 50 mil like not a lot of liquidity
now we're talking about like a $400 million.
Before you're comparing like apples to oranges, right?
People do this on my comments.
I'm sure you too.
Yeah, of course. It's like, oh, this is a great performer.
And they'll just post like a 200K market cap and be like,
this has been doing 200% in the last 24 hours.
I'll be like, bro, like my mom could have, you know,
gone and bought like $10 with a pump.
Like it's not, it's apples and oranges.
Like, but here now rectus and like a real, you know, it was meant to, it was meant to dump here.
Not gonna lie.
Like it's, it hit all time.
It was 500 million.
That's a psychological number.
Um, you know, um, Oh, sorry.
We're talking about penguins no no i'm
just you're right about wrecked but then penguins well i feel like this was like normal like yeah
yeah yeah i think that's fine that's a nice little short-term double top um we're gonna see that yeah
we're basically testing that first like where we saw the green candles come in um i think we'll you
know same thing it'll be the top of that first line. We'll start seeing some buy.
Listen, all charts right now look like this
other than Ethereum and Bitcoin probably.
Ethereum, bro, I'm loaded up.
I loaded up like yesterday.
Yeah, those Wix, pull up Ethereum.
Like a 15-minute chart.
15 minutes, yeah, hold on.
Are those your candles we're going to see?
Hold on.
No, just so you can see the wicks. Yeah, just refresh that
Refresh it so we can see it. Yeah. Yeah, so you see those wicks like that's where I've been loading up like even weekly
We're all been loading up. Yeah, like it's been holding that 37
30, I mean look at this chart even if it's a little four hour compared to every altcoin like even
compared to every altcoin.
Even Solana,
Solana like it's ethereum is
Ethereum is...
Oh my God, it's beautiful.
Look at that.
Look at even the comeback.
It's going to engulf that post-FOMC.
But that's breaking forward
probably today.
And then you have Solana.
Honestly,
but not great,
but also not bad.
But not great either.
Yeah, but there's not that much liquidity in the market, right?
See, Ethereum's seeing external liquidity now.
It's true.
But on-chain, Solana has only seen crypto people buying
because there's no real evil eventually.
But then also, there's a lot of fun around.
You got this Solana founder talking mad shit
about his best life performance.
That was crazy.
You know, that's tough right
i mean we went through that we've been hearing like you know with retaliate and a lot of bullshit
so it's kind of same shit so this is true what it is yeah i know i love that um great take so now
you heard what what he's long and you share your stuff uh very often you're always sharing on on
the on the timeline but for
those of you i put on the screen for a second but let me share real quick and then tyler go to you
because you you sent me a link in the in the chat if you guys want to join uh wiz he also does have
a community weekly wisdom.com it's really fucking good i it's the only time i ever paid for a group
in my life it was weekly wisdom i'm not gonna'm not going to lie. And $60 a month
was paid off.
He's a homie. Although I'm very close to him
so I ain't getting paid to say this.
I just really like Wiz as a friend.
So you guys should check it out. Get started.
The newsletter is goaded.
I think... There am I. Oh, yeah. You put me there.
There you go.
I even gave him a testimony.
A lot of guys. Keyboard.
Everybody gave a great testimony. Easy just signed up. There you go Yeah, easy came on the show last week to talk about it actually it was great
Tyler, let me go to you cuz I think you have to bring something up to Wiz
There's a couple other macro things that happened
this morning. I'm not sure if you saw it. You were out
shopping for pool tile.
We had the US Q2
GDP numbers come in at 3%.
Great.
Overexpectations. People were
calling for a recession back in April.
Recession's off the table.
Yeah, that's amazing.
Exactly. Another reason why would they cut?
What?
Yeah.
Go ahead.
And then, Froke, if you can pull that back up.
Yeah, yeah.
I saw this from – Zero Hedge was covering it from Goldman this morning.
They're expecting 50% to 100% increase in treasury buybacks announced in today's QRA and effectively calling it shadow quantitative easing i mean i
you know listen we see these buybacks a lot um they're more just micro short-term rate focus
um just like balance whether it's the treasury i mean there's so many reasons whether it's the treasury. I mean, there's so many reasons, but it's a treasury balancing stuff, whether it's something to do with like debt ceiling, short term funding.
Remember, the treasury has a mega, mega, mega portfolio.
So they're always doing stuff to like, you know, whether it's something to do with the rate curve, whether it's something to do with just small funding rates here and there,
repo rates.
So stuff like this always happens.
I've heard this shadow QE thing from Zero Hedge,
and I love Zero Hedge,
but I've heard these kind of tweets come out
probably 20 times over the last 12 months.
And it always is like, oh, this QE happening, you don't even know.
And it's just like a very natural thing.
Now, if the Fed, what really matters is
if the Fed starts buying on their balance sheet,
then they're like, oh, okay.
So then they're expanding the balance sheet again,
stopping the roll-off.
That's, you could say shadow kiwi of some
form right uh treasury treasury is always doing shit like this um especially because like you
know if they're like oh we want to switch from issuing more three-month bills to nine-month bills
or more two-year notes to three-year notes because we want to just kind of manage a duration a little bit on the curve because our $30 trillion portfolio of debt is like, you know, like it's nothing. Like, you know,
I mean, like, but if the Fed starts moving stuff, then it's like, okay, which they wouldn't. The
first thing they, because they have so much bandwidth right now now if they really want to do any form of qe which again there's no
reason to do any qe right now but the first thing they'll do is rates right like they have so much
movement on rates possible um like they'll be like okay if you really shit hits the fan you're
like okay we'll cut 50 basis points we'll cut one percent before qe when they start buying bonds to
create more liquidity is when you're at 0%, right?
They're maxed out their full interest rate capability easing.
So you're at 0% and the world is still shit.
It's like, okay, let's just put liquidity into the market by buying debt, right?
So you start buying debt.
That trickles down into easy credit to small businesses, big companies who need to meet because they're
not making revenue.
They need to meet certain liabilities.
They get easy credit.
So they'll open up 0% credit to like, here, take money, take money.
And basically, that's what they did during COVID, 2008, stuff like that.
You're not going to see that.
You're not going to see that until you're at 0% interest rate.
So all this shadow QE stuff, you'll see this all the time.
Like I'm sure if you search on zero high streets,
treasury doing QE behind the scenes or soft QE or, you know,
I'll bet you you'll see like this 20 times over the last two years.
Yeah.
Very fair.
Well, your explanation makes sense.
I appreciate you sharing your thoughts.
It looks like people saw your ETH call.
Dude, this guy need to keep talking you need to keep
This guy Every chart. Every chart. He's talking about. He's bombing. Every time he said,
it's just kind of God.
The wizard of soul,
ladies and gentlemen.
The wizard of soul.
That's why you got to watch FOMO R.
That's why you got to watch FOMO R, baby.
Dude, if you're on Twitter spaces right now,
I want to see y'all retweeting
our fucking,
our fucking kick stream, man.
We just hit our record
all-time high also on kick.
330 live viewers,
so it's good.
Oh, fuck yeah.
I put it in all my chats, too.
I see you.
I know you did.
I love that.
I love that, dude.
You have to, man.
You're going to show the love.
You guys do a great job here.
Thank you, man.
This guy's going to keep talking.
One of the best things you guys did
is that even when the markets were shit,
even with like 50 listeners,
you guys were still out there.
Oh, yeah, dude.
So you guys deserve it all.
Thanks, dude.
There were some days like Bear Market where Mando and I came up for like 23 listeners per day guys are still out there. So you guys deserve it all. There were some days like Bear Market
when Mando Ovi and I came up for like 23 listeners
per day. It fucking
sucked, dude. It fucking sucked.
That's why you guys are winning,
man. That's why you guys are going to be the big winners.
Yeah, hell yeah. Fucking Myriad, man.
That's going to be a winner.
I don't know if you guys saw our latest
Dune dashboard for Myriad.
I know you guys have like a new record, right?
Yeah.
So we hit weekly all-time high with $650,000 of volume in a week.
Daily all-time high with $178,000 in a day.
And then monthly all-time high, we've already passed $2 million.
There's still another couple of days left.
We've reached 400,000 traders.
It's insane.
There's been 4 million purchases, $7.5 million dollars volume. Um, and it's just like,
I think it's starting to pick up dude. Yeah. Yeah. It's starting to pick up,
man. Um, some merit of markets, some fun predictions.
If you like listening to ways on the hyper liquid off of
prediction markets,
all like these bullshit, like off chain,
like poly market call sheet, all like off chain bullshit, right?
You guys came from the community, built in the community.
Like, that's how Hyper Liquid did it.
Like, you know, you guys are really going to be, especially with the airdrop.
I mean, we're all farming this shit, but I mean, this is where it's at.
God, look at your, even your UIs.
So nice.
Actually, there's some predictions here. Let's's play some predictions with you what do you think hype
to 69 dollars and 69 cents before september what's that right now 40 43 43 that's a month
that's tough that may be too much before that's tough that's tough that's very tough
another one
will Jerome Powell leave the Fed chair
in 2025
no shot
unless he quits
he's not a bitch
you can tell
maybe in May he'll be like I'm not coming back
I don't think he's the type of guy to
quit and then one more fun one here Maybe in May, he'll be like, I'm not coming back. I don't think he's the type of guy to quit.
And then one more fun one here.
Will Pepe be a top 20 cryptocurrency before September?
Oh, man.
It's been tough for Pepe.
I know, dude.
I think Rekt has a lot to do with it.
I think Rekt is taking a lot of Pepe and Magda share.
And I love both of them.
And I love Pepe.
I love all of them, yeah.
Pepe's underperformed a lot.
A lot.
It's underperforming versus ETH a ton.
Yeah.
I mean, your three choices are basically, you know, instead of Pepe, you're like, okay, I go Mog or I go Rex.
There's SPX too now.
SPX.
Yeah, SPX, yeah.
That's the thing.
SPX, okay, that's probably the main thing.
SPX has probably taken a lot of Pepe market share.
SPX took a lot of that
You're right from Pepe specifically
Pepe would have already been like at least two X from here
Maybe two and a half X I take about it. It's not even Morgan, right? It's SPX
SPX has taken a lot of papers market. This is true
This is true. is true what's spx just on ethereum alone but in the
grand scale too like look at like all the top movers in the last month right like spx is definitely
not paper and bonk has taken a lot if you're like a semi-institutional guy and you only have access
to say coinbase what are you gonna buy it's true It's true. You're buying, you're probably buying Bonk over Pepe.
Wow, look at the last 30 days, top 300, Zora, Rekt, and Pudgy.
Fucking Zora.
Dude, were you in the Zora trade?
Yes, dude.
Were you in the Zora trade?
I'm not in the Zora trade.
I wish.
Now I wish.
Us either.
It's always like that, right?
We bought Pudgy and then there's fucking Zora trade.
What do you think?
So we asked everybody here.
I mean, I guess we should ask him too, Tyler.
I know you also call me dumb for taking the pump trade
because you were right that it's going to dump.
But like here, what do you think about the pump trade at these levels?
So I learned pump yesterday when I had that first pump.
So probably around here.
So this is the thing.
I think it'll see a technical rally as in it'll see shorts get clobbered and um
just like a kind of bottoming out because like it's kind of doing that and it'll do a little bit
of this and then it'll go back like it's not gonna have a long sustainable because there is no fly
wheel coming in yeah 25 goes what's 25 or fucking zero nothing they bought 20 million dollars of buyback
already and it's down 60 cents so the buyback thing the buyback thing is one of the biggest
fallacies in crypto anyways like it it's just a narrative it doesn't actually do anything to the
price because even like a 0.5 percent of like like say one percent of pump
sells like it's gonna dump like 20 percent you know i mean and you could buy zero like one percent
and like it's it's not gonna matter you know i mean like buying one percent is a fucking lot
yeah two and a half billion like they don't have the money they have
the money but they're not gonna spend the money right they're gonna spend the money on building
and hope that that somehow translates in but what are they gonna build they're done as the meme coin
like unless you think that it's gonna kind of cycle rotation back but like like bonk's taking
over 80 of market share right like so you want to see maybe bonk fail
that's your only way um you're not like i don't know maybe they have a runner but you have to be
like a fake runner no one's buying so you have to be them creating a demand and making a runner
to bring people back but dude people are trying to like migrate from existing coins who are like a 50
to 100 million from like the like 2024 cycle they're trying to migrate to bunk just because
people are not buying which is pump at the end and maybe that's part of fart coins problem too
where they've been having this issue yeah you told me that yeah like and it's a legitimate thing like
it's it's just bad around and it's also how they handled everything post TGE.
Like you raised 1.3 billion.
You have 700 million in profits.
You have 2 billion in basically cash.
You're supposed to.
And like,
what's happening.
It's like,
and no airdrop.
Yeah.
Do you think the airdrop is what would solve this?
of course not.
Just like the opena airdrop.
I saw your tweet about this.
Become a $50 billion company because they gave an airdrop?
The people, listen, people who make money keep your coins in an airdrop, right?
So look at Hyperliquid.
Most of the big holders, they kept it because they were great traders.
So they were like, oh, we just got all this extra money this extra money we'll keep it and ended up doing well anyways yeah look at every other coin that like quite title people who were there were all these
like big influencers big traders and they were like okay you know we'll keep it because we're
good making money anyways people who don't make money use airdrops as a liquidity event. So they sell.
So that's why like Pump
would probably be a sell event
because it's all people
who lost money, right?
Same thing with OpenSea.
All the people who want
the big airdrop
are people who lost money
in the last five years on NFTs.
Of course they want a big airdrop
because they're fucking
horrible traders and wrestlers.
So they want it.
And what's going to happen?
They're going to dump.
Why would you reward people when you know
are going to be dumping?
That's going to be a liquidity event.
It's not going to be a pump
because it's just going to be people extracting.
It's not
people are like, oh, all this liquidity is going to go
into NFTs. No. Remember Blur?
Remember Blur?
It was down only after
their airdrop.
You had the initial pump because people were like,
oh shit, and then boom,
90% down.
All right.
Well,
that's a good call.
Just quickly, there's about
360 listeners.
We are the most listened to live stream on Kik in the crypto and trading section in English, which is pretty fire.
So thank you to everyone.
Make sure you sub.
We host this show every single day, Monday to Friday, 10 a.m. to 11 a.m. Eastern Standard Time.
So that's about 3 p.m. GMT, 4 p.m. CET.
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Make sure you subscribe to our channel right there, DGEN's Live,
because we also host Rekt Radio on there,
which is actually on quite often every Wednesday with Mando, OSF,
and Keyboard Monkey, and Kuknow.
And Tyler also hosts a show every Tuesday, which was yesterday,
with also some fucking big brains, more on the macro side,
but Jeeves and Peter Jennings and D's, which you all know.
Last thing, Wiz, I want to cover with you,
then we're doing a Geet giveaway, CryptoPunks. Last thing, Wiz, I want to cover with you. Then we're doing a giveaway.
Crypto punks.
I mean, you bought punks.
You bought your wall, by the way.
Yeah, exactly.
That punk is fucking sick.
Dude, my punk was a complete race. Tell your story.
Tell your story.
Tell your story.
So I bought the punk, the one I really wanted.
Tell your story.
So, yeah.
So, I bought the punk, the one I really wanted.
And first of all, I still think the app is absolutely trash.
It is not user-friendly for a new person.
The first punk I bought from Punk's OTC, and I was like, okay, click.
Because I bought it off him or whatever.
And I just kept clicking.
And then I bought it for like, it was like, I think it was like 150K.
I think it was 50Eth, but ETH was like fucking nothing.
Yeah.
I think it was this one, right?
That first pump.
No, it was a cap.
It was this one, right?
That one, that one.
Yeah, yeah, yeah.
And then within seconds, what was it, 0.1?
Yeah, for one penny.
You're selling for one penny.
0.1 yeah for one penny you're selling for one 0.01 i bought it for under 65k and i lost it like instantly and it just became like i you know people were like oh we
fucking got him this guy he fucked up and like i everybody on me i was like oh and then i was mad
and i was like you know what i'm gonna fucking, oh, and then I was mad and I was like, you know what?
I'm gonna fucking find this guy and people were like, oh, are you poor bro?
Why are you so mad about losing 165k?
I'm like, well, it doesn't matter how you rich you 165k.
There's a lot of fucking money. And I was like, all of that just made me so angry.
And I just went on a rage buying.
I spent like probably over a million dollars within like the next two hours.
And I bought,
I bought the,
the,
the regular one.
These things.
Yeah.
and I bought $820K.
You went,
you spent $820,000 right away.
And then over the next like month and some sidewallets,
I bought three more,
but like way cheaper.
And I just,
pure anger.
I didn't even
care where punks were going i hadn't i mean i always knew punks were great but i was like
not i don't just want to buy a regular punk i need to buy something that's a fucking grail
yeah so that i can fucking shut everyone out and then i bought that what's crazy it uh because
it went down to like 1800 after and i was and I was like, bro, my anger lost me
even more money than I did.
Because you were down like $100K
on this punk as soon as you bought it.
Yeah, I was fucked.
The market just went down
after. But that's the thing
with like, first I was like, I can't just sell
it because then people are going to be like, oh, you're a bitch.
Like, you're selling your shit.
You got to preserve the brand. You got to preserve the Wizard of Soho brand here. Yeah, I was like, oh, you're a bitch. Like, you're selling your shit. You got to preserve the brand.
You got to preserve the Wizard of Soho brand here.
Yeah, I was like, yo, I'm going to get fucking clown.
And so I was like, fuck it, I'm just holding it.
And now I'm up like fucking the money and the half. I mean, this is, you paid 400.
This punk is worth like, at minimum, 790.
I would say it's between here.
Yeah, I could floor it easily for $200 right now.
Dude, you could, yeah, this is an $800,000 punk that you're holding.
Yeah, at least, easily.
I bet you Punk OTC would take it for like $800,000.
That's crazy, bro.
What a story.
I mean, it's a nice punk, too.
It's sick.
I got it.
I got the painted, too.
I know.
I can see it.
It looks fucking sick.
Look at that.
But that one, I think, you know, hoodie, I hoodie, I haven't listed, but I really like it.
I've got a little attached.
But I just sold the other one for like 200K something.
I saw that.
I sold a couple of two floors as well.
So I'm comfy.
You're very comfy.
But yeah, a pure anger from the community of like haters ended up making me almost a million dollars.
There you go.
Yeah, everybody was making fun of him and he was like
Fuck. He was like fuck them. I'm buying a million dollars
I mean obviously was one of my boys who were texting when that happened
Yeah, you fuck this I remember when you were trying to list this last one you just sold you were so scared
You were like get the list cuz I was like y'all the fuck
Hey, you
You listed it for five weeks, not 15.
And I was like, what the fuck?
Yeah.
Oh, my God.
Too soon.
Too soon.
It was so bad they changed the bidding system.
Yeah.
But good.
They should.
It took me losing for them to do that.
But that's so good.
They had to.
Yeah.
You don't want to see somebody else go through that, man.
Definitely.
Like, no one's going to want to, know like buy this shit like if you're like a traditional like random trap buy guy who's
like okay i want to crypto punk like it's like impossible the story ended well wiz do you want
to hang with us five more minutes for the yeet giveaway we're gonna play some lamb chop okay
let's play some let's play quick so the code today was eve 10 so every day monday to friday
you know the great mando our daddy mando gives us uh thousands of dollars10. So every day, Monday to Friday, you know, the great Mando, our daddy Mando gives us thousands of dollars
to give away every day.
So for those of you who are coming in through Wiz,
make sure to subscribe here.
DJ is live.
Yeet.
And all the details, Sims, correct me if I'm wrong,
are in the chat on the side here.
So am I sharing the right screen?
Yes, I am.
So first of all, right there,
make sure you drop a follow and a subscription
if you like the show, of course.
And let's get to 700 right now on the show because we're at three we're at 697 and in the chat here right there
yeeterboards.com every day we give a code today the code was eth10 to be eligible you have to
sign up using our code fomo hour and place a bet and you'll be able to win yesterday we gave her
three thousand dollars bro the guy went on lamb chop with medium and he went all the way almost
so it made 2k really it was crazy uh so uh was insane. Yeah, let's let's give some money away. I know he's
Um, whiz loves that lamp chop. So it's the same thing. Let's get some subs y'all
Nikito Nikit zero Oh, thank you zero congratulations
Congratulations you win.
Come make some motherfucking money, baby.
I want someone to win big today, because we got Wiz on.
I want someone to come and make some cheese.
What's his username, Sims?
Do we have the username?
Is he here?
Oh, he's here. Let's fucking go. He's easy. All right. Well, he's active. So let's definitely play some
Step some lamb chop then cuz he's here and it's the most fun game
There you go. So I'm gonna share my screen
Tyler, you want to do me a favor of doing the comments reading the comments live
Perfect. So congratulations Nikito. So first of all of all you won 500 bucks so no matter what happens today every day some the person who wins makes
500 right off the bat so that's 2500 per week minimum guaranteed so and then we played two so
here was we're gonna play two hands of 250 for him um and he gets to pick difficulty and then where to go so nikito okay easy medium hard
very hard or death wish we need you to pick we need you to pick he's saying he's gonna follow
your call we need you to pick a level what does it whiz pick the first level uh medium all right
medium nikito said hard and very hard. Oh, okay. Go hard then.
Yeah, yeah.
We go hard.
All right.
Boom.
Let's see what happens.
Hold on.
Hold on.
Okay.
All right.
Let's go.
All right, Nikito.
You tell us when to stop unless you want to go to the tracks.
You can say to the tracks.
You go to the tracks.
You tell us go or cash.
It's just cash or go.
Either you take-
You should read it.
You should read his message.
What do you say?
Oh, he's talking in there. I'm just 19. Please do it. You should read his message. What do you say? Oh, he's talking in there
I'm just 19. Please do it
He said change
everything
Anything will be a lot to him. He said well, I don't know what to do. I'm not playing for
Should we go for it then I fucking go for it. Let's go
My god, oh my god
He almost made three grand
Boy, you should have slowed down. I've never said cuz we said to the tracks
I'm sick. Okay. If it's a lot to him they do easy mode. Yeah, no, no. Yeah. Yeah, maybe go easy then
I'm sick. I don't know. What do we think? I'm sick now
I feel bad cuz like usually like I tell people to go and this kids like
Because we were playing hard and I'm used to these. I know. I've never seen it go that far on hard.
I've never seen this.
So where is Nikito now?
What is he saying?
He said he's about to off himself.
Shut up, Wiz.
Should we play easy for him?
What are we doing?
I feel bad.
I'm like, I don't know what to do.
He said 1k.
He's in a cafeteria.
He's got 500 banks.
He's working in a cafeteria right now in 19
Try to get him another 500
and then bank it
Okay, okay, okay, we're on easy mode
Nooooo
Fuck you, fuck you Mando
You know what
Oh no
Do another one, we'll use 250 from the bank
Do another one
Alright, fuck it, fuck it Fuck it, fuck it Do another one we'll use 250 from the bank do another one
Yeah, man was not gonna win this one fuck you Mendo fuck you Mendo fuck you Mendo fuck you
We're cashing out, right?
We should, right?
Yeah, we should.
Cash it.
That's a lot of money for him. That's 1,200 that he's got to catch it.
We take it.
We take it.
We take it.
He wouldn't have gone that far.
Okay.
I love seeing fuck you.
Whatever.
He got 1K cash.
That's awesome.
I love...
That's exactly what you got.
That's a whole week's work for him.
Dude. He's saying it's a lot for him.
I'm so happy we kept going.
Congratulations, Nikita.
He made 11.
He's like 1100.
In the cafeteria, working in the cafeteria.
This is what the promo hour is all about.
I love it.
That's what we're all about.
Anyways, Wiz, are you going to be live later?
So people can follow you and stuff?
Yeah, I'm streaming later.
All right. What time? Two? Three? Two, three? Two you and stuff? Yeah, I'm streaming later. All right.
What time?
2 o'clock.
Yeah, 2 o'clock.
All right.
2 p.m. Eastern.
1.45, I'll start.
1.45.
Wiz runs an FOMC stream every time there's FOMC.
It's actually really fucking good.
So make sure you guys check it out.
Wizards of Soho, weeklywisdom.com.
Wiz, thank you for coming.
Tyler, I'll see you tomorrow.
Hopefully, our billionaire co-host will be back.
And with that, with that, but that will sell tomorrow morning, 10 a.m.
Eastern, stand-up time for another episode tomorrow morning, 10 a.m. Easter,
it's time for another episode from our On Rock Radio.
Thank you, Wiz.
Let's go. I'm I'm I'm I'm I'm
I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm I'm um
And the stream.
