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FOMO HOUR: FRIDAY! Markets, News, NFTs, and More!
Recorded: March 28, 2025 Duration: 1:06:01Space Recording
Short Summary
The crypto market is currently facing a downturn, with significant volatility and declining prices across major assets. Despite this, new projects like Galaxys and Doodles' DreamNet are launching, indicating ongoing innovation and potential growth opportunities in the space.
Full Transcription
Thank you. All right.
All right.
All right.
Here we go.
All right.
What's up, y'all? Okay. We're there. We have a lot going on the show today. All right. Here we go. All right. What's up? Yeah. Okay. We're there.
We have a lot going on the show today. Market's going back to zero. That's great. That's great.
I guess. Yeah. Damn. I just published an article. Everyone make sure you tweet that shit.
I'll pin it. I just, just quickly, quickly retweet it. Boomed posted an article about Myriad
there you go I pinned it to the top
I'm gonna send it to you guys
alright Tim's kick it baby
kick it baby
yeah
yeah
yeah Thank you. Yo, yo, yo, yo, yo, what up, what up, good morning, good morning, GM, GM, Friday, Friday, Friday, March 28, 2025.
Look at that.
Another beautiful day to have a beautiful day.
I got my coast in the house.
Tyler, man, good morning.
Good morning, good morning, good morning.
How are you doing today?
Good morning, guys.
Yeah, not a great market.
Obviously, like I said yesterday, it can be very volatile on these days.
But it's more just down today.
Yeah, indeed.
Indeed, it is.
What have your people done?
What have your people done?
My people.
I mean, your people, Europores, wake up have your people? Euro guys. Europores.
Wake up.
Hit the cell button the second we're about to squeeze the fucking bears.
You know?
I can't believe I'm moving to a third world continent.
Sometimes, you know, it's not even third world country.
It's like a third world, a whole ass third world continent.
You know?
I know.
Really tough living here. It's a, as he said, eating his salad or something like that in the sunshine.
22 degrees today, so.
Yeah, it's negative eight today.
Anyways, Tyler, good morning.
How are you doing today?
Nice background.
Yeah, I'm good.
My son's school.
They just randomly take days off.
So they're just off today.
So we just decided to go up to the new house.
I love it.
Feeling good.
It's Friday.
Bulls.
I don't talk about Bulls games very much.
Did you see the ending to that game was wild last night?
One of the wilder NBA finishes.
I don't follow the NBA.
What happened?
And the Bulls were down five with like 15 seconds to go.
They hit two threes within like four seconds.
The Lakers went down, scored again,
and then the Bulls player hit a half-court three.
I'm looking at it right now.
It was all over X.
I didn't know.
I'm looking at it right now.
It was a meaningful game.
It's just a regular season game, but it was just a really fun game.
Yeah, but the L Lakers on fire. Oh
Nice
Nice the Lakers like since that don't just trade are fucking sending it, huh? That's all I know
That's all I know. That's all I know about basketball the Los Angeles Lakers, but let's go Bulls
We like the Bulls, you know because we are Bulls and because Scottie Pippen.
Scottie Pippen,
that's our boy right there.
But we're going to have to get Scottie Pippen on the show at some point.
I know he's launched a lot of projects, but
we just got to get Scottie Pippen on the show.
Just to say we got
Scottie Pippen. Anyway, so they're on the show.
Market Report, it's grim.
Tyler's Top 100, it's
grim. I'm getting happy. Tyler's Top 100 it's grim I'm getting happy
Tyler's top 100 there's some news we couldn't cover
yesterday we covered today we got
the homie from infinite objects coming quickly
hit me up he's like yo I got like a two minute
news to share free mint shape
I was like fuck it just come on he's a good partner of ours
whenever we do events always giving us a bunch of dope
screens so he's coming on
and then we have an actual show partner
coming on as well.
After that, so packed show today.
Oh, it's Gate.
Okay, we got Gate coming.
Okay, cool.
And then RollBit Loot Box Bins.
And then, last but not least, this show is powered by Galaxys.
Galaxys is a web3 platform empowering creators and brands to build unstoppable communities with full ownership and independence.
This is Web3 platform, empowering creators and brands to build unstoppable communities with full ownership and independence, trusted by icons like Donald Trump, Steve Aoki, Mike Tyson, and the NBA, shaping together the future of engagement.
But also, also, Wallet Connect.
Wallet Connect is a connectivity network shaping the future of on-chain UX.
If you've connected to Web3 app, you've seen Wallet Connect.
That blue logo, it's everywhere.
An icon of trust in crypto as recognizable as Visa at checkout.
Want to learn more follow or connect on X and telegram to stay ahead of what's next metal
I really need to know what's next need a crystal ball
And you know if this is just a Friday dump into a Saturday pump, I gotta know it all Who is the man, macro daddy of the land?
Can you dig it?
GM everyone.
So yeah, not a great day today.
We had some PCE inflation data, which came in slightly hotter than expected.
And this is the Fed's main inflation metric that they look at.
So it kind of probably delays any potential dovishness, let's say.
Or it may not, but it's definitely gotten people a little bit more scared about that.
In general, you see macro sell-off here.
You kind of have stocks down about, looks like down about 1% or half a percent to a percent.
Some of the major tax stocks are not doing well again.
But yeah, it's caused a bit of a dump across the board in crypto.
Obviously, as I said yesterday, today is a very volatile day.
It's very difficult to kind of work out what is real
and what is just people playing with option expiries.
And what that basically means, just so you're aware,
is an option is a price with which you can buy and sell something
at a future date.
And this is the final day for some of those options.
So people like to game the price so that they actually have made money
on the final day that they can do something, essentially.
So you get often, let's say a lot of these were set at,
I said 90K, there would have been a lot,
but maybe a lot of these are set at 85.
People might be driving it below 85 just until the option expiry ends
and then it will snap back.
And this is important in markets where option size often is much bigger than
the actual spot flows. So on quiet periods, that can sometimes be the case and people can smash
it around a little bit more than kind of expected. But there is obviously some macro weakness there it looks like we are underperforming macro i would say this morning so far um bitcoin being down three percent on the
back of that seems like a bit of an overreaction tax stocks have not really not really been
affected that much by it if i'm honest um like down one to two percent but%, but not like getting hammered.
And it looks like Bitcoin dominance is going back up to 62% again.
Whoa.
Whoa.
Yeah.
Damn.
Because ETH is getting smashed in this process again.
ETH has gone comfortably below 1,900. God damn.
Every time, eh?
And that's affected.
It's affected across the board, really.
Like, Solana's back below 130.
Yeah, hype, 13.5.
I'm trying to think of which other ones.
Sonic's down about 7%.
All the L1s are really down about 5% to 10% here.
It's definitely not a great day.
Yeah. It's definitely not a great day. Yeah, it's definitely not a great day indeed.
Man, ETH's read just keeps on getting smashed down.
It's actually pretty wild.
We have...
Yeah, I mean, that's the thing, isn't it?
We always say, maybe this is the time for ETH.
And then it gets really bad.
I mean, look at this.
Bitcoin dominance just looks like it wants to rip higher.
Probably will.
Probably will, yeah.
It's actually impressive
how aggressively ETH dumps.
It kind of dumps
all the other alts now.
It feels like at least.
Yeah, or worse.
Like the ETH chart doesn't...
I'm not even trying to dunk on ETH.
I'm just saying it's pretty...
It's generally down.
It's kind of at the lows of where it was
when everything was getting smashed.
Yeah, bro.
Middle of the month.
Most other stuff has actually bounced more than that.
Solana was at 115.
It's now at 129.
Alts bounced pretty well as well, right?
ETH is kind of at that low level.
Damn.
So, yeah, it's definitely not been the strongest on the bounce either.
Yep.
Okay.
Well, we'll see where life takes us, y'all.
We'll see where life takes us.
Reminder, Liberation Day is around the corner. we'll see where life takes us y'all we'll see where life takes us reminder
liberation day
is around the corner
imagine like April 1st
like they go
psych
just kidding
the tariffs are a joke
it's actually ironic
this April 2nd
I think they purposely
didn't do April 1st
you know what I mean
we gotta do April 2nd
or else nobody's gonna take it seriously
but okay look we'll see where the market takes us but right now 84 3 129 1879 and all it's
Low far coin back to 470 mil looks like we'll have another shot at that trade
So for those of you missed it, clearly me, maybe maybe we'll get it. We'll be able to get ya
Pippa down the percent. at this stage? I'm invested.
I'm invested.
Yeah,
but I'm spot invested,
so I don't really care.
Are you fully deployed or you?
I'm not fully,
but I'm very.
But this time around,
like I took enough to like really chill
because I'm moving,
right?
Because I'm like,
I want to live good,
you know?
So like,
you know, I want to rent a really dope place you know what i mean so we've been you know
i like you know i'm deployed in a way that like i could chop for another like you know i could
chop for six nine months that could be very chilling you know what i mean yeah yeah like
smartly cautiously deployed but deployed as fuck yeah Yeah, I mean, look, I thought I genuinely was, I guess I was wrong, or short term I could be wrong.
I could be right tomorrow for what it's worth.
Like you're saying, end of quarter, end of month, like everything's closing.
I was actually under the impression that the market was recovering in a very positive way.
Solana kept holding strong above 127 mark, 130s all week long, 138 couldn't even break down for the last few days.
mark 130s all week long 138 couldn't even break down for the last few days bitcoin above uh 88 um
88.7 even at some point i was convinced personally that we would hit that 90.92k mark i was really
sure of that that i was sure of so i was obviously completely wrong so far on that um and i was i
was actually unironically i thought um ethereum was kind of like rock bottomed out at 1800 but we're back
there so clearly on the short term like weekly basis i'm wrong here um but i don't know i was
starting to feel more optimistic yeah and it looks like it's about to literally reverse it looks
really bad like it's not like we're trying to be like fuck i mean tyler i guess you're in a similar
border as me like you and i were talking and what what was it, the day Mandel was around?
We're like, yo, we're cautiously bullish.
I guess that's what it is, Mandel, cautiously bullish.
But I don't know.
I'm surprised this morning.
I'm not going to lie.
I woke up this morning.
I genuinely thought going into bed, I would wake up at higher prices.
Really.
In 2018, ETH got to around $1,500.
2018. What? Wow. around $1,500. 2018.
What?
Wow.
And we're there now.
Pretty much.
Well, we're 20% off, yeah.
Yeah.
So, anyways, that was my outlook.
Yeah, I just shared a video. So, it doesn't help that Elon is retweeting these videos of people calling
for a short, deep recession.
So I think
that's the type of things that are
spooking people in the markets.
We talked about short-term
pain. It seemed like we kind of
talked ourselves in this last two weeks that
maybe the short-term pain had
mostly been felt in the markets already.
And then you've got the guy who's
leading, you can make an argument that he's leading a lot of decision-making of the administration.
He's leading the cuts at Doge, posting videos that are calling for short-deep recessions.
This guy?
That's the person talking, but he's explaining why what Elon is doing will cause a short,
deep recession.
All I see is Elon retweet and upgrade your IRA to Bitcoin.
It's on this unchanged show and the guy's wearing an incredible shirt.
It's already been gibbified.
But there was like kind of hitting us over the head with these messages.
Right.
And like,
I thought best since commentary in the last couple of weeks had kind of
walked back from that,
but I don't know if these two were kind of butting heads to a degree about
how much pain they want here in the near term.
But it kind of feels like,
I don't think we're going to have a,
we're not going to know which way we're going to go until April 2nd and then I don't know
that we're going to get some massive resolution
and we're just going to know for sure
but I feel like at least until then we're just going to
chop up and down and then perhaps
we'll know more later next week
that's my current read but
it also looks like Mando's call
that we're going to chop for six to nine months feels
more realistic than ever
hell we're already three months for six to nine months feels more realistic than ever. Hell,
we're already three months into it.
Yeah.
Yeah. It's always,
it's always like that.
Right.
It's,
it's at this stage,
like this time around,
I've generally think I was feeling more optimistic.
We'd squeeze and we didn't.
So probably the next time around,
I'm not going to believe in it and we're going to squeeze and go higher.
But at least,
but that's the beauty of being in spot.
Right.
It's like,
yeah,
sure.
I'm down on all the soul I bought over the last week.
But I'm also not phased.
It's like, okay, what?
In two weeks, we could be back to $150.
And it's like, okay, cool.
So spot soul is good.
But yeah, I believed.
I believed, boys.
I got booed up last night too.
Ponzi Trail was like, yeah, it's long, long.
I'm going to buy a new car.
I was like, yeah, I'm going to ape into a crazy wedding.
Fucking zero this morning.
You know?
That doesn't seem like a good combo.
That's the thing.
We were grinding up.
We knew we had the options expiring today.
We were looking good, you know?
Like a coin flip.
We could maybe flip green today.
Mando got us bulled up yesterday.
He's like, yo, that Myriad Market line, 89K, that's going to hit.
All I said, I agree, I just wasn't taking into account volatility.
Maybe volatility went down the other way.
Yeah, no, no, no.
No, no, I'm not saying you said we're going to millions.
I believed it at 90K.
That was my trade.
So my whole trade.
A 3% move is nothing.
That whole trade I put on.
Yeah.
You're right.
You're right.
And you place it
right because you're like yo it's just two percent to hit that market you know what i mean it's like
it's like that's all it took so anyways it's um we'll see where that goes look it's friday tomorrow
it could be literally uh the the other way around and that will be so bad so anyways tyler let's get
to your topics see what you got first but quickly the code today we'll give it to you right now it's predict huh go figure out what a big brain code predict uh
rafflebot.xyz shit i gotta do the box actually rafflebot.xyz uh the code is predict p-r-e-d-i-c-t
predict is the code today if you want to have a chance you want to punch your penguin and or
oh no just or actually uh or crypto punk on fomo hour tyler let's see what you got for us
yeah folks crypto majors very red this morning with a near record setting 12 billion dollars
of bitcoin options set to expire later today.
It looks like those might expire in the max pain zone per QCP capital below the 85K mark.
We have Ross Ulbricht. He's back on the timeline teasing Silk Road 2 in a cheeky post yesterday on X.
Elizabeth Warren calling the stablecoin bill a grift and accusing Trump and Elon of using
stablecoins to enrich themselves.
So a political divide there
still in politics.
We also had House Majority Whip Tom Emmer
slam that Wyoming stablecoin
effectively calling it a CBDC.
So we'll see where
it goes.
Tether is investing outside of crypto.
They had major investments in media and agriculture companies
as they're looking to diversify.
And then the SAI Foundation, going deeper into D-Sci,
they're exploring the acquisition of 23andMe
after 23andMe's recent bankruptcy
and perhaps putting users' DNA data on chain.
Oh, God.
So we'll see where that one goes.
Token airdrop and protocol news.
We talked about Walrus yesterday.
They had a huge day.
That token went to $0.60 in the $3 billion MTV AP.
It was closer to $0.50 in two and a half minutes this morning.
Jupiter airdropped to their Ape Pro users five million Juke tokens.
That's $2.5 million for those who've been using that app.
Vertex officially launched on Avalanche as a new DEX for Spot and Perps
with AVAX rewards for DeFi traders.
Gunzilla Games, also on AVAX, is going to launch on AVAX L1,
the Guns Network, and their gun token on March 31st,
going live on Binance right away.
Also a 4% token allocation to that Binance launch pool.
Then Myriot launched a new market tied to that Radium launch lab.
We heard from the Radium launch, one of the Radium founders,
that this launch lab was going to come in the next week.
Betters are calling in a bluff.
Betters were no on this one.
I thought that was interesting.
Also, congrats $1 million in lifetime actions.
That was a nice milestone to see.
In AI memes and NFTs,
AI market down about 7%.
Not a huge surprise there.
Meme coin leaders down,
again, in line with that.
Ghibli was the story again of the day.
It reached $40 million a peak.
New all-time high after Kraken listed it
and then also a controversial White House.
Dude.
Ghibli style.
We may have to talk about that. We have to.
Bonk's getting into the
art game, folks. Bonk acquired Exchange
Art with the goal of preserving
and elevating on-chain art
collection, so I didn't have that one on my
card for the day. Taproot
Wizards, they finally minted out their collection.
0.31 Bitcoin
was the final listing price. That actually went
under my over-under prediction, but still a very strong result.
Doodles unveiled their DreamNet as a decentralized protocol for building shared story universes powered by Dood.
It's kind of like a virtual AI platform, but in the Doodles-verse.
And yeah, that rounds out the headlines.
Okay. Okay, okay rounds out the headlines. Okay.
Okay, okay.
I love that.
There's a lot.
Should we start with this White House thing?
We can if you want, yeah.
I mean, we don't have to go too deep
and get all political about, holy shit.
I had to get a second take
to see if that was a real White House.
I tweeted that.
The Ghibli fight.
The Ghibli.
God damn it, Tyler.
Ghibli, Ghibli.
He's got in my head.
I mean, that was wild.
That was.
Is it gone now?
Oh, they just tweet a lot.
I'm trying to find it.
I can't find it.
Yeah, I caught a lot of postcard.
Is it gone? I don't find it. Yeah, I caught a lot of the lost guard. Is it gone?
No, 15 hours ago.
So they, so take me through this.
So they, yeah, there it is.
Oh my God.
That's crazy.
So clearly someone at the White House
is at least plugged in to what's happening
with OpenAI and the O4 model
and the Studio Ghibli viral
trend that took place.
And they,
they opted to make a gibbified image of this woman who the,
the backstory here is she was arrested.
She's an,
it was an illegal alien arrested for fentanyl trafficking,
was deported from the U S illegally got back in the U S and was arrested at
the Philadelphia airport.
And they gibbified an image of her being arrested.
And I think a part of the negative reaction to this, there's multiple reasons to be upset.
I think one is this is not a very esteemed way for one of the leading countries in the world,
if not the leader, to be acting or posting on social media.
It has the racial component as well.
On the flip side, I do understand what they're doing.
One of Trump's foundational items he's going after right now
is fentanyl trafficking.
Right.
And this is a foundational example of what he's trying to stop.
This is someone who got into the country illegally, trafficking fentanyl,
and is back trying to do it again.
And they're sending a message.
And I think at this point, we know Trump's style.
He's not trying to be the most diplomatic person.
He's trying to send messages.
And they sent a message here.
I feel like he
probably signed off on that one. I don't know that that was the intern going rogue.
Yeah, I don't know. I mean, there's probably layers to signing up on all these things, right?
That was crazy. I think nobody had a problem with the fact that they're sending a fentanyl
trafficker back home after they re-entered illegally. I think people had a problem with,
because I read a ton of comments about it.
Because even me, at first I was on the edge.
I was like,
which way should I stand on that one?
Because we're probably going to fucking cover it on the show.
And I was like, well, yeah,
maybe let's not post cartoons.
Because the thing about cartoonifying the drug dealer,
you kind of made them look like a victim.
When they're not really a victim.
They're literally dealing fentanyl to Americans.
Like they don't deserve to be in America.
Right.
so it,
which 90% of people probably aren't going to do any research.
Yeah.
They're just,
yeah,
that person of fentanyl trader that was kicked out of America,
they came back illegally again and start fentanyl trading again,
dealing again.
So that person by all means should not be in that country.
But like,
I guess the problem is like you've cartoonified something very serious.
And they kind of played themselves by doing that because they kind of made that person look like a victim.
Because the cartoon looks like she's the victim.
When she's not a victim, she's a criminal.
Right?
And it looks like, on the surface, it looks like here's Trump celebrating, kicking out.
Right.
Latino.
Exactly.
Exactly.
And then you look at the picture alone,
it's like, oh, it looks like a person of color getting kicked out of the country.
But that person is actually not.
Probably should have been there in the first place.
So that was crazy.
The ghiblification of things.
I have to say, though, I'm having fun with it, man.
My family pics and stuff.
We've been playing around in team chat yesterday.
We ghiblified Sims with like rainbows coming out of his head and everything.
I mean, Mando,
you're quite the meme guy yourself.
What did you make of all this?
Yeah, I haven't done a
Ghibli yet. No, not at all.
You're a big chat GPT guy.
I know.
I don't know why.
OSF put one in our group chat today.
But yeah, I need to start.
I think they're going to start slowing it down
because they said that it's like melting the GPU and stuff.
Everyone's doing it.
I mean, here's my take.
So people are associating this new 04 model update,
which is just an image generator with Studio Ghibli.
You can create
any style of art image but the the major unlock here is that it it was very difficult before to
create an image off of uh like a source a source piece and now it's much easier to do that very
quickly in any style that you want i actually feel as I've been digging into this,
it feels like the biggest zero to one AI moment we've had since the launch of
chat GPT with respect to the impact it's going to have.
Like basically anything in the creative world, the advertising world,
like I think there was, there's a large impact here.
Like just like, for example, like I mocked up a wrecked ad,
it took me 15 seconds
and like now someone like ov who knows like has a vision for what he wants his ad campaign to do
maybe previously had to go to a designer he could probably and he's an artist so maybe that's a bad
example but he can do it easily himself now and like the ability to be be a one-stop shop founder, designer,
you can run a business yourself, basically,
and it's getting easier and easier to do
that. This one felt like a big
really big unlock for me.
Yeah.
That does make sense.
All right. What else, Tyler? What else
is new in our world? I feel like there's a lot.
Ghibli, the token,
went to $40 million.
So it's
now coming back down.
But I do have to...
Quick meme coin discussion.
I know we've got to keep moving forward here.
I'm sending you a tweet.
Are we on the upward rollercoaster loops?
So we had
Routine come out.
It got to $15-$20 million. ghibli just came out it got to 40
this is missing please by the way yeah so please actually they selectively took please off because
please got to 50 um but the hopium here for those in the meme streets back to back starting to go a
little higher i think there is some signs of capital starting
to return. People are paying attention again.
So we'll see. By no means
do I think we're seeing any major runners anytime
soon, especially if backers are going to
keep going like this. But
there's going to be some opportunities
in the trenches.
I don't know. I mean, you're the one tweeting
all cryptic shit.
What do you think? You're the one tweeting all cryptic shit. You know?
What do you think?
You're the one being cryptic.
You know, you get out.
You know, Mando, Tyler gets all the CAs.
You know?
All of them.
All of them.
He had this last one at $1 million.
You know?
It's painful.
Tyler, what do you think?
I mean, it's you tweeting cryptic stuff here.
What do you think?
What are you, Tyler did his thoughts?
I think we're going to have bigger opportunities.
Yeah, like that.
I mean, do you think downtrends?
Like if you studied last cycle, like last year, like 2023,
it was like you only had small cokes.
It was just Mog and Pepe, right?
Small, small, small, small.
Then it kept kind of growing.
Right.
So the question this time around is, is it those Mons that are going to pump when we start rallying again?
So the 23 ones, so Mark Pepe, Farcorn, the whiffs, all those.
Or is it going to be this one new meme that's going to come out during this period right now and go to like $2 billion?
I don't know.
I don't have an answer.
No, we'll see.
Okay, that's great.
What else?
I mean, should we talk about this Polymarket thing from yesterday?
Yeah, let's talk about the Polymarket story.
So the headline that came out yesterday was effectively the Polymarket team came out and acknowledged there's a situation where UMA whales manipulated a market.
They said basically we can't compensate users, but we're going to try to fix this in the future.
We can't compensate users, but we're going to try to fix this in the future.
So the market in question here was Ukraine agrees to a Trump mineral deal before April.
So this market should be closing this upcoming Monday evening at midnight.
And it had been trending down below 20% because this deal was being talked about,
but it was not being formally executed.
And then last week or just a few days ago,
it resolved to yes.
And a lot of betters disputed this ineffectively that the UMA whales in
control were able to overweigh the vote as I understand it and get it to
resolve to yes, despite
basically any objective opinion or any of the objective facts in the situation or this
deal has not been done.
And Polymarket themselves said that, no, this market should not be resolved.
If it was up to us, effectively, it would still be live until the end of the month.
Interesting. But then there's nothing they can do.
No, you can't.
they did say this is not, you know,
in their defense, they said nice
things. They said this is not a part
of the future they want to build.
They also said it wasn't a market failure.
I guess this is in line with
the procedures they have in place.
They said they're going to work with the UMA team to try to avoid this.
I think the issue here, this is not the first time that something like this has happened.
It happened during the PopCat thing, right?
When someone whipped PopCat to a billion quick and there was a whole voters process and everything.
I think I remember that.
Like first cat to a billion.
Yeah, there's. I remember that. Like, first cat to a billion. Yeah, there's
a handful of these. I think
there's been a few folks who've been deep in this on Twitter.
This Hermansen
person has flagged several markets
where he's launched.
Manipulation. I have not gone through
all of them to really have
a position, but this one seems
pretty cut and dry, especially with
Polymarket coming out and saying this was not the correct resolution on this.
They did the right thing coming out saying that, by the way.
Yeah, they did.
There's some pros and cons here.
It does.
Again, and these are outliers.
These are exceptions.
This is not happening for 95, 99% of the markets out there, but it does kind of put in question.
If these UMA whales can do this,
it's hard to put a whole lot of capital
and potentially be manipulated.
So I'm curious.
I'm curious for your thoughts on this as someone who is launching
your own prediction market, and how do you avoid this?
It's tough, right?
You know what? It's a case of? Like the whole, because you know what?
It's a case of we're early.
Like genuinely,
I'm not even trying to meme.
Like we are really early
in this prediction market boom.
I know prediction markets
have been in existence.
By the way,
prediction markets
have been in existence forever.
But this neo form
of prediction market
is like brandy new.
And then the explosion
of polymarket
over the last presidential election
in the USA
accelerated things in a really crazy way
then came in karşı, et cetera.
So I don't think we have hit the spot
where we have the perfect Oracle yet.
We speak about this a lot.
Ironically, I have a call with Uma
in like less than an hour.
But I know that Polymarket and Uma
have been working with Celestia,
if I'm not mistaken,
to try and build the Uma Oracle V2. So I think it's just a situation where the tech is just not caught up to
how big this industry is and is becoming. I don't even think it's like, oh, blame Polymarket and
throw them under the bus. They fucked it. It's like it was gamed. And clearly it means that
we're not there yet in terms of technology for cryptocurrency markets.
So hopefully it'll be fixed,
man.
But yeah, even us internally,
man,
like for us at the moment,
like we're open about,
it's a centralized Oracle,
right?
Like everything's centralized over at,
over at Myriad markets,
right?
It's everything.
That's why I'm not predicting,
right?
It's because it's,
it's fully centralized.
The moment we can make the markets,
we create the lines,
we resolve it internally.
We create,
like we,
we do all the research ourselves until we can like slowly decentralize the decision making and the creation like there's a world where
like mirad one day the markets you guys are going to vote for creating the markets and you guys are
going to vote for where it how it resolves and whatnot but we're just not there yet i think
just we're a little too early um but i'm expecting this to go really fast because the more blows there
is like this one you know the more it's going to hurt the game as a whole.
So I'm hoping they fix it, right?
It's good for my business.
And I wouldn't be surprised to see more and more Oracles come out.
I'm curious about Polymarket and Uma V2.
It's something to pay attention to
because I have a feeling that there's going to be a model
where Uma becomes just an Oracle product for prediction markets.
And then you can, you know,
each prediction market can have its own token where it's resolved with that
one rather than the UMA token.
So maybe that's fixed a little bit, but we're definitely not there yet.
You guys been watching what's going on GME stock?
What's going on?
Down 25%.
Oh, wow.
Yes.
No, 20. No. 25%. and 25% oh wow yes no 20 no
yesterday it was down 25%
and GameStop faces
New York Stock Exchange's trading restriction
after short volume surges
234% in 24 hours
oh my god
yeah
they don't like the bitcoin news yeah exactly they don't like the bitcoin news. Yeah, exactly. They don't like the bitcoin news. Look at that
Look at that's for red candle
God damn it mando tried to tell us that was the top yesterday
I didn't I just said it is
It is no you made a great point yesterday on the on the risks of this
on the wrist of this.
Wow, where is roaring katie when we need him?
Wow.
Where is Roaring Kitty when we need him?
Where is Roaring Kitty when we need him?
Anyways, let's keep moving through these topics.
I see Joe in the stool.
I'll bring you up in a minute.
I see Kevin.
Can't wait to talk to my boy Kevin over at Gate here.
I got a few questions for you.
I see you.
I see you.
But quickly, Tyler, what else was there?
There was a couple other nice headlines
that you had for us today.
Yeah, I'd say the Doodles news
was probably
one of the other bigger headlines
of the day here.
So they unveiled DreamNet. This is
the new decentralized protocol for building
what they're calling shared story universes
powered by the
token. So here anyone can
come in, they can create characters, create
worlds, create lore, and then they will all
become tokenized.
In some ways, it's kind of like a virtual launchpad
where you can create your own AI agents with their own personalities.
You can create swarms of agents.
Here, you can do that within a story world, effectively.
So that's the protocol that they're building here with DreamNet.
They announced their dude tokenomics, $10 billion in supply.
It's going to start on Solana, 68% to the community, 30% going to Doodles and T-holders, so a pretty healthy chunk there.
13% for new blood and growth, and then 25% into the token use cases, but basically the token will be a medium of exchange across this Doodles universe required to create, contribute, and then interact within this tree.
So it was a lengthy white paper.
It is.
I skimmed it yesterday.
I will admit I have not wrapped my head around this entire thing.
I think I have a handle on it at least at the 2,000-foot view or 20,000-foot view.
There's a lot.
But there's a lot coming.
I appreciate the work that was put into this at first glance.
I haven't read it.
But I appreciate that.
clearly they're really going deep into this.
Clearly, they're really going deep into this.
If you're a Doodles Maxie and you're deep in the lore
and you want to contribute to building out the Doodles verse,
I think you love this.
Right.
I agree.
It's not just, hey, we're launching a shitcoin.
Here you go.
It's like, hey, we're kind of thinking this through.
It was really wrongly timed, right?
They announced that they're launching a token.
Then they announced the Solana thing.
Then fucking Libra happened.
I was with Austin Hurwitz.
We were on the same flight from Paris to Hong Kong. Then they announced the Solana thing. Then fucking Libra happened. I was with Austin Hurwitz.
We were on the same flight from Paris to Hong Kong.
And we were on the line.
I was like, dude, what a timing.
We landed in Hong Kong.
The Libra thing happened.
And he was like, damn, bro.
It's just so crazy.
Talk about timing.
They announced their token on Solana.
Then bang, Black Swan.
So shout out to them for going back going back to drawing board or not.
Maybe this is what they had planned all along.
I don't want to assume, but
in figuring something out.
Okay, well, Tyler, looks like you went around
pretty well, unless there's something I missed.
Those are the big ones.
If you use the Jupiter's Ape Pro
trading app, just
go check out and see if you got an airdrop.
Airdrop? That's just a call to action.
Yeah, you can, an airdrop claim
for Jupe tokens. Okay.
They have 5 million tokens up for grabs.
And then the Elizabeth Warren stuff, that's a longer conversation.
We can get into the risks of the
politicization of crypto maybe next week.
Yeah, it's a longer convo. Let's talk about it on
Monday or something.
It's ironic when it comes from Elizabeth Warren,
but, you know, the one person that didn't do their job right.
Anyways, also for those of you who want to win this raffle,
predict is the code rafflebot.xyzpredict.
And also make sure you check out my pinned tweet,
especially if you're participating in Myriad.
If you know what Myriad's all about, I publish the report.
So I do it every month.
I publish a report on Myriad Markets.
I transparently show all of our statistics.
Open the curtain.
I want everybody to see where we're at, how we're doing.
So we hit a million dollars last night.
We're about to hit 1.1.
You know what helped?
We opened two eSports markets last night.
And they're booming.
Yeah, people really like them.
So we're testing with different markets.
Because, you know, it's like boring at the end if you just do it for your ingredient stuff.
So the Radium one, will Radium launch a pump fund competitor before April 2 is a pretty interesting one.
It's like a coin toss because they did announce it, but they didn't say like what, when.
And then we have two gaming markets, which I don't understand anything about them.
But Sims was seemingly very happy about them.
So they must be good.
Anyways, Joe, let's get John real quick.
And I'll go to Kevin.
Joe, what up, man?
How you doing?
Good morning.
Oh, broke. Not doing great man but it is great to see you guys why are you not doing great my team had a crazy idea and i was like all right let's go with your crazy idea
we we had just a little background story so in case you guys don't know infinite objects
we've been in the space for, oh man, since 2020.
Hey, we love Infinite.
I have three of them right there.
Yeah, no, we've done so much with the Rug Radio.
We love you guys.
And you guys are actually a part of this drop
that I'm going to talk about in a second here.
But yeah, we, you know, very straight up,
we need to raise a little capital
to do our next production run, right?
We're a physical
company, physical goods company. And so we're like, let's do a drop. But for this drop, let's
do something special where we're giving back to the community, to our customers, to our supporters,
the artists and partners that we work with. And so let's do a giveaway. Let's do a raffle.
The space is picking back up last few months. are excited about art again and uh and so we're like all right what should we raffle off and my team was like
obviously we should raffle off a pump oh shit and i was like all right we're gonna do this right
so it's a four-day mint every mint of uh they're called moments We'll talk about the moments in a second
But every mint's an entry into the raffle
And on Monday the raffle will end
And we will raffle off a punk
We're doing on-chain verified
You know random selection
All super legit in terms of the tech
On the back set on the drop
But yeah only about
I don't know man 250 mints so far
We launched yesterday
It's been less than 24 hours.
I think a lot of people are waiting until the last day to see how much they should drop in.
But right now, you've got a 1 in 2 chance of winning any prize.
And right now, a 1 in 200 chance of winning a punk for a 0.02 ETH mint.
So I'm freaking out.
I'm not lying.
I'm freaking out over here. But it's, I'm like, I'm freaking out. I'm not lying. I'm freaking out over here.
But it is a, it's an exciting moment. It's going to be an exciting weekend to see what goes down.
I feel like, you know, there's, there's a lot of things. We've got a lot of different prizes
on chain and off chain prizes. And so, yeah. Okay. You have three days. You have three days.
Okay. And this is all happening on Shape?
Shape.
So the drop, there's a link in our bio.
I think that if you're on Spaces, you'll see our link.
Yeah, that's exactly it.
When you meant it is a Shape NFT.
Okay.
We love Shape. That's the other great piece of alpha here.
Shape announced that metals,
I don't know if you're familiar with the Shape Metals system, you can
win, I think you can claim up to
50 metals with the infinite objects
drop, turning into Shape
Token. They already announced Shape
Token. There's a link to Shape Token if you
scroll down a little bit, but that's going to launch
into the metals will turn into that. You might even get
let's say you spend an ETH, you might
get that ETH back in Shape Tokens real soon.
I see. Yeah, because they announced it to you, right? Exactly. spend an ETH you might get that ETH back in shape tokens real soon uh I see yeah because they do announce the TG right exactly so so the TG is coming up but uh
so yeah you're gonna get shape tokens you could win a punk we've got like over a hundred uh other
physical prizes yeah so the moments let's talk about that for a second I'm glad you you clicked
on that.
For the drop, we didn't just want to do tickets, right?
We wanted these to be a little unique.
And so we're celebrating the last six years of being a company,
highlighting a lot of the different collaborations, drops,
artist releases that we've done,
and then a lot of social media stuff, right?
So the Kim Kardashian post we loved, that was like two years ago.
She received an infinite object through Giphy.
Giphy is one of our partners. And so there's a lot of cute unboxings.
There's like a magic Johnson moment. No way.
Yeah. A lot of really cute ones in there. And yeah, it's, it's, it's,
I mean, it's really beautiful what our team has done.
We've been working two months on this, on this thing.
Finally goes live yesterday, but we're giving away a punk.
And I think that's an intense thing.
What we do want to do for the FOMO hour community though,
we've got an allow list.
Okay.
For the FOMO hour,
meaning for the next,
I think we're going to leave it open for 30 minutes.
If you go to our account
at Infinite Objects on X,
throw a retweet.
We're going to give away 10 allowless spots
with a comment. So do a retweet
and a comment. Comment your ETH
address. And we're going to give away
10 allowless spots to the FOMO hour folks.
Okay. Right now.
So that you can get a free punk. Literally,
you could get a free punk right now, which is just
fucking insane.
But here we are.
Two ways to win a punk today on the show through these guys
and through our our giveaway at the end that's right you guys right and didn't you give away
a couple weeks ago right yeah i saw that so yeah i mean thankfully for us real bit pays for it so
it's not like it comes out of rug video's pocket uh but for you i mean you, you know, I know you tripped a little bit.
You're so funny.
How do we get Robin in on this?
Can I get Robin's phone number, please?
Have you heard of Yeet?
You know, I don't know, Mando. But listen, dude, that's hilarious.
I love how you come in here like freaking out.
So just remind the people one second.
So they have to comment on where?
Where exactly?
Yeah, on our X.
Go to the Infinite Object.
We got a pinned tweet.
That's in the announcement tweets.
Pinned on Infinite Objects X account.
And then comment your ETH address and retweet that post.
And then we'll give away 10 allows.
When you comment, comment with your ETH address.
And we'll just use that.
Right there.
Yeah.
Right there. Exactly. Right there.
Exactly.
Okay.
Perfect.
So I like these moments.
I mean, Tyler, you've been talking about Topshop moments a lot lately because they're making
this resurgence lately.
So I kind of like that you guys are doing these moments.
I love this.
I'm definitely entering.
I'm for sure entering this.
Why not?
Why not?
Why not?
It's for sure.
I'm going to enter this for sure.
I'm going to just go mint some.
I mean, especially if I can win a punk on top of that.
I think people need to know about this.
This is a fun one.
That's why.
Please let people know.
This is why when Joe hit me up,
he was like, yo, can I come on the show and talk about it?
He's like, fuck yeah, why not?
We got a guest coming on today,
but quickly just squeeze Joe in between everything.
Because I'm a big fan of Infinite Object.
They're really good friends of ours.
Every single event we do, I'm like, Joe. I don't big fan of infinite object. They're really good friends of ours. Every single event we do,
I'm like,
Joe,
I go,
I don't have ghost,
Joe.
I need like 12 fucking screens.
I'm sorry.
I need 20 screens next week in Miami.
Can you make it happen?
He's like,
let's go.
I got you.
And you're the best.
I got my people.
I got my rugby award.
I got a bunch of infinite objects.
It's just not plugged in,
but love infinite objects.
Love it.
Love it.
Love it.
Well,
we need to talk about office.
Yeah. Thank you for, for, uh, let me come on for a couple of minutes here. Love it. Love it. Love it. We'll need to talk about it in the office. Yeah.
Thank you for letting me come on for a couple minutes here. We got you.
Let's see who gets this
punk. Hopefully we don't lose too much fucking money.
Infiniteobjects.com. It's on their main
page. Go out there, mint something if
you'd like, of course, and support
infinite objects. They're good people, good founders, good
builders, and big supporters of the arts. So it it's important uh to support joe thank you so much
for coming brother have a good one see you have a good all right now on to today's show partner my
boy kevin lee hey jim dude man dude how you doing how doing? It's been a minute. I saw you last in Hong Kong.
I moderated a panel you were on.
How's everything this is?
Yeah, by the way, you did a good job,
like moderating, like what,
like 15 different panels back to back.
Brother, I went out the night before.
You know Hong Kong, okay?
Yeah.
So I went out.
I went out big.
Like I had a banger of a night.
I think Tyler Mandu know
because I was like texting the FOMOAR chat.
Like, I love you guys. Like it was one of those nights. Yeah. The day after, I had to banger of a night. I think Tyler Mando, no, because I was texting the FOMAR chat. I love you guys.
It was one of those nights.
The day after, I had to moderate five panels.
And one of them was Gate.
On top of that, y'all...
You did great.
You did great.
By the way, I like Joe,
but he made me look bad now.
I keep empty-handed.
If the marketing team are actually listening to this now, we have to throw away something next time.
Let's go!
Do a punk or do something.
Oh, am I hearing this? Is Gate giving away a punk today?
Is it?
Dude!
Yeah, do something marketing team. No, but happy to see you in Hong Kong. It was great consensus
We were planning ahead for Dubai token already obviously, so yeah, we see you guys gonna be there
We are gonna be there in a really big way. We're actually throwing a banger of an event
My team probably sent it to your team already, but I'll make sure they think
Dude, you're a VIP on everything I do.
Dude you're VIP on everything
That's just a pun in the nose, right?
You're always a VIP.
You know that.
We love Geet.
You guys are honestly having a year, man.
I saw you guys took over the sponsorship of the Red Bull Racing team as well.
Yes, yes.
Yeah, it's good.
Well, if you guys follow Formula 1 pretty closely, I suppose, right?
It's a lot of dramas already.
It's just after two races.
Dude, they... But dope, you guys
are getting the best advertisement because you just took
over this team, right? And they just kicked out
Lawson to put Yuki Tsunoda
to race the next race, but it's in
Japan. It's going to be... And it's Japan.
Dude. Yep, it's huge.
Yeah. Dude.
I have to tell you,
all the tickets are given out to Guesses guesses and I didn't even have a ticket
Where's my tickets? I was like where it was my ticket. Yeah, I didn't like I'll say you whatever like not just Japan stop
But like any other stuff. Okay, fine. I'm gonna take you up on that. No KOL tickets. Come on, man. I'm just kidding
Mendo you guys in
Mendo's almost Mendo's about to buy a team soon, You know, we're going to get the Canary Jet, the Canary team.
You know, it's going to be nice.
But yeah, we would love to attend a break.
I'm not going to show you.
What about, here we are.
A FOMO hour with Tyler Mendo and I live from the F1.
Yeah.
Now we're talking.
We could do one of those in Europe or something.
That could be nice.
Okay, I'll hit you up after this.
Anyways, we didn't come and talk about this,
but hey, it is a big deal.
So I did want to congratulate you on the F1 thing
because Red Bull Racing is definitely no joke here.
And I know you guys are the main sponsor for them now.
Ferrari is the joke.
We are not.
Yeah.
Hey, we're still.
We're the second one up there. we're not winning that one this year
oh man you're funny dude i i it's always fun to have you on anyways kevin you know we uh it looks
like we finally had a uh somewhat of a boring month in for the first time in years or maybe not
but let's just call this period of chop um so this period of
chop you know probably means that crypto's growing up all that good stuff what do you guys think over
at gate is this like the what do you guys think because you guys see stats right i talked to
keith over at moon pay a lot he's like behind the scenes it's moving so you guys at skate you've
become one of the top exchanges what are you seeing like are we gonna get out of this like
how what's the momentum happening behind the scenes?
Well, I mean, like, well, you tell me as well, right?
So, like, after ConsenSys, which is, like, which was big for us, we want to unwind a
little bit, follow up to messengers to everyone.
And then this month is, like, a lot of, like, nothing.
So, obviously, like, every day you guys got, like, good things and bad things to talk about,
right?
But, like, if we zoom out a little bit like what else other than like another meme con that's is it another meme con still gonna make you excited maybe maybe not uh ai's just like i've done like like tons of panels and space on ai already i just like feeling like a little bit boring like they did did ghibli thing it's like yeah uh givoli things like oh yeah
it's great it's it's great propensity but like that technology has been around for like whatever
year and a half already right if you know how to use stable diffusions um so where are we now right
where where we now i mean like we're still growing the The market seems to be a little bit slower, less cons are being listed.
Yeah.
Sorry.
Yeah.
So I would say it's a good time to focus on a little bit of boring things,
like cybersecurity.
No one talk about it.
That's until it's become a problem.
Then we're like, wait, what about ours?
Should we have an annual check on our cybersecurity?
Should we upgrade it?
User growth, no one talks about user growth anymore.
We just passed 22 million users on the platform.
Yeah, 22 million.
It's good, right?
No one talks about it anymore.
It's boring.
It's like another number, right?
But I guess it's a lot of behind the scenes
while on Twitter, it's just like, it's a lot of behind the scenes while like on Twitter,
everyone's still like,
oh, like, yeah, Ghibli
or like another meme con, etc.
So a lot of things going behind the scenes
that not as sexy,
but I think it's a good period of time
to get it done now.
This is impressive.
22 million.
That's good.
Yeah.
Yeah.
I can't wait till we have 22 million users
Then I'll be I have my own F1 team then let me tell you that
Damn 22 million users over a gate you guys are probably seeing record volumes right or not yet
Volume has been really good like spot volumes has been good, especially in the, again, thankfully,
with the markets, like a meme con space.
If you look at the overall volume,
of course, you're talking about Binance is the best
and then you got the other guys.
But if you're looking at all the new cons and meme cons,
we're almost always the top,
if not top three or top, right?
So it's good because users like it.
It's like the liquidity, not with big cons,
which you can get liquidity anywhere.
But what about all these little cons that just created?
So it's good.
Yeah, overall, we're really happy.
We're not complaining about the cycles being a little bit boring right now.
Just volume is still coming through.
I love that.
I love that.
So besides that,
I mean,
you know,
it seems like,
you know,
we've,
we get through these phases of chop in the space,
but they're never like,
they never last too,
too long,
right?
A few months.
And then,
and then you,
you're,
you're back up.
We were talking at the beginning of the show.
I was telling the boys that I generally expected us to have a move up after this last few weeks.
And I was surprised this morning, but maybe things will bounce here, hopefully.
Do you think we should be bracing for a big move?
Or is this our new reality?
It's just like chop forever, Bitcoin market, and all it's just down only.
Well, yeah, with your precedence and
anything could happen right but like a week like I've been in crypto for five
years it's I don't know you guys may be longer but like I would I would generally
say like I never actually have a boring month right I mean we have like bear
markets and we have like every month that there's a platform going down, which is anything but boring, right? It's painful, but not boring. But this month onward,
it's just like, where are we going? Where are we going? We're not going anywhere, right? I mean,
even if we're going down with like a little bit of like volatility, that's not great, but like
at least something that we can work on, you know, just shut the market or do something.
I'm not doing anything in the last two weeks.
I'm not buying, selling, I'm holding.
I guess that's my fault, right?
It's like that meme, when you're holding, the market's not moving.
When you're selling, like the market's just moved up.
I guess maybe, maybe just like waiting for something to happen.
What's happening in your side of the world?
Do you feel like, you know,
anything that would change on the policy side?
I mean, we're bullish, man.
I mean, shit's moving for us.
We're happy, right?
Yeah, yeah.
Yeah, I mean, on the Myriad side, things are good.
And, you know, Mando's business is doing good.
Tyler's still trading meme coins.
So that's usually a good signal.
I mean, Tyler, how are things on your end?
The theme here is that there's just a disconnect
between the institutional players who are just starting to come in,
retail traders who seem tired and have lost some hope.
And the big open question right now is,
what's going to bring the retail trader back in?
And I don't know that we have that catalyst just yet.
So it's the most divided I've seen between those two groups,
especially when you see how bold all the builders are,
all the suits are, who are piling into the space on a daily basis.
Yet folks who have been here for years are now starting to get bored or walk
away.
So I'm interested to see how this is going to resolve.
Yeah, 100%.
That's our struggle as well.
Our users come to us to buy meme cons, and the cycle is like,
okay, you got like 1x, and then you got 20x, and then you lost like 50%.
That's fine.
But the circle is like, there's a cycle.
So it's a daily cycle, right?
So the current exit liquidity is like Bitcoin,
right?
Everyone's just like,
okay,
if I make money,
I move to Bitcoin and Bitcoin is actually not moving.
So like we need to find like actual long-term projects to be on our
platforms,
quality projects that will work for like a year,
two years from now.
But I don't,
I don't see anyone's talking it because, again,
this is like the boring kind of thing. So none of you are actually smiling or laughing at this one.
This is like serious shit.
Yeah, no one's talking about this because it's too serious.
It's not like Ghibli or like it's another meme that's make you feel the market.
But yeah, that's a struggle definitely.
Yeah.
Do you have some hope with Kaido?
Had a nice open over a billion
FTB, like Walrus yesterday.
Even BMT, like the bubble maps thing,
it's like 300 mil or some shit.
So there's some signs of hope at least.
There's some new protocols.
There is. There's definitely some signs of hope. Let least. There's some new protocols. There is.
There's definitely some signs of hope.
Let me ask you something.
Last question for you, Kevin.
But if things stay this way, right?
Do you think it's going to help?
Or is it going to hurt innovation?
And then also, do you think that we're in an industry that just needs chaos to thrive?
Or is the stability just better for builders in general?
Yeah. or is the stability just better for like builders in general? Yeah, I mean, we've all been saying like a year in crypto is like dot year, right?
If you're like seven years already, five, seven years.
So like, can you, how many years of like this chaos that you can live with, right?
I mean, like we probably look already older than like a month ago when we met each other.
we probably look already older than like a month ago when we met each other.
But yeah, well, I think generally speaking,
it would have to mature in some way or form.
But the other way it is, I mean, crypto is still so early.
I couldn't believe some of the things just happened.
Whatever corn was just like rem remain some like burnt corns.
That's like unheard of.
Right.
So it's, it's still chaos around that's big enough to, to make us excited.
But yeah, day to day that we just want to build things one grind after another
and, and just like see what happens in, in, in a year or two years time.
Damn right.
Damn right. I love that, Kevin.
I'm excited for the future, that's for sure.
I like that you're seemingly
bullish. That's good.
Yeah, I'm still bullish, but like if
the market's so mature and then
no one's like
making a stupid decision or get hacked
or, you know, minting like burnt corns.
Then we have nothing to talk about, right?
Like you guys are going to run off.
You lose your job.
Like nothing to talk about it every day.
So that's not the way it should be in the next two years as well.
So I'm still hopeful that we'll have fun times, done times, but never boring.
I love that.
I love it.
Fun times, but never boring.
That's kind of the name of the game here in this space.
So, Kevin, thank you so much for coming today.
I appreciate you guys.
Oh, what happened there?
Thank you so much for coming today.
I appreciate you for being one of our show partners,
and I can't wait to see you at Token 2049.
Token, yeah.
And then work out something on Formula One.
Yeah.
Put it on record.
Yeah.
He said put it on the record.
I hope this thing's on record.
Yeah.
No, it is on the record.
Trust me.
We got you.
We'll give you the clip as well.
We should post.
Put it in a YouTube short.
Well, we should.
The interns listening,
we should post this entire conversation with Kevin
because that's some good insight.
And I think it's important for people to hear, not just from us, but you work at one of the major exchanges.
So it's important to hear that.
But also the fact that we're going to host a FOMO hour at the F1 this year.
All right.
Let's go.
Okay.
Thank you, Kevin.
Appreciate you.
All right.
Have a good one.
All right.
Have a good one.
All right.
All right.
All right.
All right.
It is time for the last spin of the week here.
I like Kevin.
He's awesome.
He's always such a fun guy to have on.
He actually runs his own podcast, too.
It's good.
He has his own podcast.
Good one.
Yeah, it's a fun guy.
The code was predicted.
We have two separate wizards below Matt here.
Fuck.
Below Matt.
Yeah, this market fucking sucks, dude.
We're back at monthly open on bitcoin
where are punks versus bitcoin oh actually actually cheap now i actually don't know i
literally have no no idea punks are 80.98 oh no oh no it's swung back the other way
it's going back the other way this basis, no. It's going back the other way.
The basis trade is getting wrecked.
The spread.
The spread.
There's like 10 punks now under the Bitcoin floor.
It used to be one.
Oh, my God.
Oh, shit.
They keep going up, but ETH keeps going down.
What about ETH versus Tesla?
How's that doing?
The other trade on everyone's lips.
How down is Tesla?
And Pops?
We should have those three trades.
Shut up.
Oh my God.
ETH is lagging Tesla here, Pops.
ETH is lagging Tesla.
Punks are lagging fucking Bitcoin.
Pops is lagging life.
Pops is never going up again. Pops is never going up again.
Pops is never going up again.
I don't know who else is to hear this.
We're allowed to say this. We've bag-held the shit
out of this thing, so I'm allowed to say whatever the fuck I want
about Pops. Sorry, Bongo.
I know you're requesting. Let me just bring you up for good luck.
But, um...
He's supposed to flex his $40 gourmet dinner again.
Bongo!
What the fuck is going on, man?
I don't know, dude.
Fuck your bags.
He's sober.
Great hope in Bongo.
Thank you, Bongo.
All right, I got to get to work, man.
I got an important call in 10 minutes.
Let's get away.
Let's go out with our weekends. All right, send got to get to work, man. I got an important call in 10 minutes. This is the smoothest giveaway. Let's go out with our weekends.
All right, send it, Sims.
Let's go.
Let's drop.
Oh, having fun, baby.
Let's go.
Oh, yeah, buddy.
Having fun.
Congratulations. Yeah, buddy! Having fun! Congratulations!
Wow.
Proper red guy, huh?
Proper red guy.
Look at that.
Red guy's weight remains like 25%. Having fun. I mean, this is
OG, baby.
I know, I know.
This guy used to do the
red guy daily update.
Oh, I remember
those.
I remember those.
He was an epic mod for a while.
He's got a nice red guy, too.
Oops, that's us.
Nice.
What's up?
Having fun?
You good?
Good morning.
Oh my God.
I cannot believe this.
Well, you better believe it.
I think you already have a red guy,
so I think we should give you a punk or a penguin today.
What do you think?
That would be awesome.
All right.
Let's go.
Let's go.
Let's go.
Let's go.
Let's go. Let's go. Let's go. Let's be. Well, you're adding a red guy to your collection.
Congratulations.
I love that one.
Wrecked world domination.
I absolutely love that.
All right, yo.
With that, have a good weekend.
Hopefully, we pop over this weekend. We'll see you on Monday morning, have a good weekend. Hopefully we pop over this weekend.
We'll see you on Monday morning, 10 a.m. Eastern Standard Time
for the episode of FOMO Hour on Rug Radio.
Let's go.
Bow, bow, bow, bow, bow, bow, bow.
Bow, bow, bow. Thank you.
