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FOMO HOUR: JACKSONS HOLE!
Recorded: Aug. 22, 2025 Duration: 0:55:30Space Recording
Full Transcription
Thank you. All right.
Well, Powell is live right now, so we gotta
get the show going! Charlie!
Kick it, motherfucker! Thank you. Yo, yo, yo, yo, yo, what up, what up, good morning, good morning, GM, GM, Friday, August
22nd, 2025, look at that, another beautiful day to have a beautiful day. I got my co-host in the house, Tyler.
Good morning. How you doing today?
I'm doing fantastic. It looks like we had several days of bleeding for a triumphant Friday return.
Boys, we are printing some big green candles out there.
Are we? Are we? Are we?
Damn. Okay. Okay. I guess we are.
I guess we are.
So Jackson's hole.
Do you guys see
a little typo I made on this face on purpose?
There was a clarity. It was a good one, no?
Come on. So Fetcher
speaking now. Let's see
what he's saying. I don't
know if you get to hear. I hate
this browser thing, by the way.
Did you hear?
There is significant uncertainty.
I have an idea.
If I put it, well, anyways,
or we can just let him speak and then read the conversation.
It looks like
traders are adding bets on Fed
interest rate card in September right now.
Okay, so
it looks like it's going the way we want it to go.
I mean, at least the charts is the best way to say it, right?
Like, look, here.
This guy here, this guy's always, you know,
traders add to bets on prediction market, tariff facts on prediction.
We can also just track polymarket rate cuts here.
Which one?
Is it this one?
This is the main market, right?
$14 million volume?
No, go to the September. September rate cut. Just type September. This one? No, just type
in September. Do you remember? So the 25 bips was at like 50%.
Yeah, we're ripping.
Yeah.
Okay, good.
People are buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, buying, You're going to give me 50x on 50 bips? I still kind of like it. Is this... Yo.
45x?
I should put like 100 bucks
on this shit right now. I just logged in
again. I was like, wait, 100 bucks
returns 4,100?
I said 41x.
Wait, let me see. I haven't placed a prediction on there in like...
Oh, there.
How's this work?
You'll move the line a little bit yeah
so if I put a hundred bucks
I forgot how
polymarket works
oh done okay
fuck it we ball
I don't know I guess I have a hundred dollars
I got some cash in this account I don't even know
look at this look at how
terrible I am.
I'm negative 1,000.
I'm a little scared to check them out.
I'll have to try to figure out what mine is.
All right.
We bought the 50 bips.
I mean, if I make money on that, Tyler, I'll just give you 10% of that.
How's that?
There you go.
Deal.
That's a good deal.
That's a good deal.
There you go.
That's a nice little steak dinner for the family, for Tyler Did It household.
I mean, I saw the price of beer you're paying for. I'm not sure you can get much.
Man, yeah. Hopefully Powell is not paying attention to Wrigley beer prices when he's figuring out how to cut the race.
Because inflation has hit the Windy City, at least in terms of baseball stadiums. I can say that.
You're paying 17 bucks
for a beer actually it's funny my mom was the boston airport the other day and she paid like
20 for a beer what the fuck uh it is pretty fucking okay fed watch is at 75
five five it's like the odds of a rate cutter going up as he's talking.
What is he saying right now?
Powell's saying, he's saying,
Powell's citing job risk, open door to cuts, but doesn't commit.
Did he just open a door to cuts?
Is that what we're saying?
Hold on.
Yeah, he's coming to us.
He's saying current conditions may warrant interest rate cuts.
Oh, he said that word for word.
Yeah.
So what,
what do you want to look for in Jackson hole?
Typically is he is going to signal what they're going to do.
So it's a little bit less of kind of like dancing around and,
you know,
just kind of high level talk.
The idea is he's going to start giving more of a picture of what to expect
for the rest of the year.
Okay.
What?
And it looks like, yeah, it looks like he's signaling
that rates of cuts are coming.
Cut the rates.
Too late, pal.
Too late, pal.
Oh, man.
ETH is close to $4,500.
Bitcoin's close to back to $1,148. And we're going into a low-volatility, low. Oh, man. ETH is close to $4,500. Bitcoin's close to back to $114.
And we're going into a low-volume weekend.
We're walking into an abundant weekend.
Shabbat shalom, motherfuckers.
On today's show, markets.
Tyler's top 100.
Mando's going to pull up at some point.
And then last but not least, we have two winners today.
So we already picked because we have the little spinner thingy
in the back end for a subscriber.
So a lucky sub is going to win again.
And then just a regular spin,
like one of you guys listeners listening live
on the show will win.
So two winners for Farquhar Friday
for the corn race.
We came close last week
on that Farquhar hit.
So that was a lot of fun.
Last but not least,
this show is powered by Wallet Connect.
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If you've connected to Web3 app, you've seen Wallet Connect.
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Tyler we're going straight to you again
love that
see I need to pre-prep my button dude
what are I doing
I pressed the wrong button on my weird settings now.
Hold on.
Where do I go?
Oh, there it is.
Hold on.
There you go.
For daily NFT and crypto analysis.
Tolerate on FOMO.
Our cause to kick it.
Ready to bash the bears.
Folks, live breaking news this morning.
Crypto majors are ripping as Powell comes out dovish at Jackson Hole.
We've got ETH up 4.5%, 44.90.
Bitcoin up 1%, 114.8.
Bitcoin was at 112 just an hour ago.
So basically a 3% move off the bottom for Bitcoin.
Soles up a percent, 187.
Several alts are starting to move here as well.
OKB, the OKX token just continues to grind up.
It was up another 7% today coming out of its burn event.
The ETTF posted the first day of net inflows yesterday, 287 million.
Wow.
A decent day after four red sessions.
And I think you can expect that trend to continue today.
MetaMask, we talked about yesterday,
announced their stablecoin MUSD.
This was an interesting one.
This got the timeline talking a bit.
You may have seen this.
A long dormant Bitcoin rail moved about 600 Bitcoin
around $60 million and then opened leverage long positions on ETH.
They sold a chunk of Bitcoin and went long ETH. Interesting.
So some folks were trying to have some takeaways from that. We had the OCC rescind their consent
order against Anchor Digital after the bank is meeting AML compliance. The EU considering dropping
its CBDC plans for a stablecoin instead. So I think you love to see that. In corporate treasuries,
we had Vivo Power. They're pivoting into an XRP and Ripple treasury. They acquired $100 million
in Ripple shares yesterday alongside the XRP token. And then Sharplink this morning,
they opened up a $1.5 billion share buyback program. So that was a big announcement from
Joe Lubin and crew.
In token airdrop and protocol news, it was a lighter day. Plasma's XBL token went live for pre-market perps trading on hyperliquid. It opened around a $4.5 billion FDB. That is
a 8 to 9x from those who got in on the presale. So the presalers are loving life this morning.
And then Coinbase is adding Trump back to USD1 stablecoin to its listing roadmap.
And memes, rounding this out, meme coin leaders were green this morning.
I'm expecting them to be even more green now.
Yeezy, YZY, fell another 37% to 69 cents in $89 million market cap.
So not a whole lot of demand for that thing.
Spark, Troll, and Biddy
were some of the on-chain movers on Solana.
And NFTs, a couple headlines
that hyped Mint Cerebro.
It was trading below Mint price.
I think that surprised a lot of folks.
Right around .08 E.
And then Xcopy, this edition of 10,
which I guess is more like an edition of 4
because 6 were lost.
Death Wannabe sold for $475,000.
So X copy remains very hot.
That's horrendous.
Let's,
I just quickly,
I want to start with that last point.
I didn't know about this.
So obviously like I've done a ton of research on this copy because I was
like obsessed with it at some point when I was buying,
I had the one piece of mine I sold during the bear market,
but,
and I didn't know this. This is crazy. So where were they lost? The six of the 10. I had that one piece of mine I sold during the bear market.
And I didn't know this.
This is crazy.
Where were they lost?
The six of the 10?
Yeah, I don't know if I know the... Do you have a story?
Is there a thread on it?
I don't know if someone has one maybe.
I just sent you.
So the buyer posted a little bit about it.
So Benji, they've added, wow, their 60th X copy piece to the Pella collection.
So they're serious collectors.
He was saying this was minted back on May 9th,
2018, as a
part of the Rare Art Labs.
It was an edition of 10. He's saying only four copies
were able to be rescued.
I mean, it's...
Let's see. So today, a collection of cards...
I don't know.
That's going to be interesting.
I don't know exactly how they were lost.
I guess maybe if the platform
shut down and they didn't...
I'm really curious.
I thought it was super cool.
I like this piece. It's nice.
It's a proper X copy.
It is.
Eli's everywhere.
We got to get him on to talk about.
Where's Eli?
He's probably on right now.
He's broken every deal.
I said this on Underexposed.
I think there's a world where ex-copy pieces go just to the stratosphere.
They will.
And by the way, you can't even time it like 10 years 20 years
like it doesn't matter like this this is gonna be like the you know i mean this is like i mean like
it's like copy right and it's tough so like i mean 400 so i think where it gets more interesting
is the additions right so there are additions that you can pick up for a few hundred thousand
the best edition is the one I sold sadly
but I think it's still pick up
pick upable it was this Genesis
known origin piece
the doomed which is like
and it took it minted in 20
I forgot 18
and then it took a year and a half to 437 days
to mint they were $5
I think I sold it for like 50 grand,
60 grand, 70 grand, I forgot.
I want to see them liquidity to trade.
I like that one a lot.
Trying to find it.
It's so hard to find XCopy pieces on OpenSea.
If you go,
the way you got to go about it is,
let me show you.
You got to go,
it's like known origin.
X copy.
It's known origin.
Also, the search on OpenSea should be more like a Google search, I feel.
Just give me all the options, you know?
Yes, please.
I can probably go find it through my...
I have to go through my wallet that I sold it from,
go to my activity,
find the sale,
and then...
Where is it?
That was when I was sad to sell, I'm not going to lie.
But it made sense.
I don't know where it is, dude.
We can come back to it.
I'm laughing because the coins are just absolutely going.
Are they? Let's go there.
Let's go to the coins.
Let's pull up some coins.
Yeah, let's put them up.
Let's start Bitcoin.
Let's go straight to the coins.
It appears that we are ripping.
The timeline is bullish again.
Everybody bought the bottom, by the way.
Here's the thing.
Before we get into the specifics,
there were so many bottom signals oh my god
yo that myriad market the one with 116 for tonight oh there was a 116 market it's tonight
we talked about with men remember it's like a two percent move oh man hold on hold on Oh, man. Hold on. Hold on. Solis 192?
Hold on.
Hold on.
Where is it?
Where's that market?
The 116 one.
Fuck.
Hold on.
Is it on Linea?
It closed.
Oh, it may have closed.
Yeah.
I'll try to find it.
Oh, here.
Bitcoin price above 115 by end of week. Yo, get it. Oh, here. Bitcoin price above $1.15 by end of week.
Yo, get the fucking yes, guys.
Guys, get into this market.
Slam yes.
Slam yes, ASAP.
Yo, this is crazy.
This is insane.
Hold on.
That's insane.
Y'all should be ripping that right now, bro.
Let me send it to the power users chat.
I love these lines.
They're funny, guys. Send it to the chats and then I love these lines They're funny, guys
Send it to the chats
And then let's get back to these tokens
Oh my god
This is so funny
$36.50, folks
Tom Lee, his plot
He told you to buy at $4,075
Did you listen?
Did you listen?
This is craziness
He literally gave the bottom
and then painted it on the chart.
Let's pull up the Ethereum chart, dude.
You could have gone 100x long.
You could have gone 100x long
off 4075.
Dude,
but they didn't go along, Tyler.
They don't believe.
They're not like you and I, Amanda.
They don't believe.
Bunch of fucking wimps on the timeline. They don't Tyler. They don't believe. They're not like you and I, Amanda. They don't believe. Bunch of fucking wimps on the timeline.
They don't believe.
They don't believe.
Bulls are back in control, as they should be.
But when were we not in control?
We bounced off of, oh, right, off of the last high?
Yo, intern, we got to get a clip
of just the magical lines we drew
the other day of just the one
line that we drew.
Come on, dude.
I don't want to get too bullish
because Fridays usually we dump like crazy after,
but I have to
say this is comedy.
Yeah.
So big rebounds.
ETH is back at 4,600.
I mean, this is just showing.
Everyone was just waiting for the green light today.
And I think it's somewhat understandable.
We're styling off a bit off of that short squeeze.
That was beautiful.
Yeah.
I mean, we're going to – that was kind of a crazy run there. So, I'm not surprised that we – That was beautiful. Yeah, I mean, we're going to... That was kind of a crazy run there.
So I'm not surprised that we...
That was funny.
It's so good.
Anyone who went long
into J-Hole,
I mean, look, I never deleted the line.
Yeah, the line held.
So 112 held on Bitcoin,
which I think you wanted to see that.
What is he doing, man?
Clear reversal patterns here from a TA perspective.
Man, some of you guys
are pathetic on the timeline.
Pathetic.
Look at that. What was it? It was 48.
It was this. It was literally we bounced over that.
We even drew it the other day. I could go back
on the show, but it was here.
There we go.
Now these ETHs treasuries are going to have to buy the ETH a little bit more expensive next week.
It looks like SBET's up 10%.
Pathetic.
Pathetic bears.
Look at that.
SBET's up 10 points.
What's BMNR stock?
Wow.
8%. Strategy. Because Strategy got
a beating after the Sailor stuff.
What is it at? Sup also a bit.
Pathetic.
Where's my Farcoin at? I know I was
doing really bad today.
People are starting to call for the death
of Farcoin, which maybe is what we need.
This is good. Don't worry, dude. I was there
for the death of Pepe. I was there for the death of Mog.
I was there for the death of Rekt when it went to 12 mil.
I was there for the death of Ethereum.
I was there for the death of Bitcoin.
I mean, Bitcoin died at $15K, right?
Wasn't it now today?
What's Bitcoin at?
That's $115K.
Just checking.
Tyler, it's a beautiful day to be a bull.
Also, being a bear just sucks,
right?
Cause you're a bull price is bad.
You just log off,
go take care of your family or some shit.
You know,
the amount of money you can make as a bear is just so much more capped.
It is to,
to being a bull.
It's the money you can make being in short positions versus long.
It's just,
I mean,
it's just math.
Just doesn't make sense.
Oh my God.
That is funny.
What a day.
I'm trying to see if we can get any more updates out of PAL.
Yeah, let's see.
Let's see the timeline.
So let's take our talents to Twitter right now.
Let me share my screen so people can read what I'm reading here.
Let's go here. Let's go to my
post notifications.
All right. So
eat tops 24
Trump will talk to G
about TikTok. Okay, I don't care.
We'll watch security concerns. Okay, we don't care about TikTok
right now.
A short squeeze. Yes. Yes.
All right.
Look at the morning minute.
Look at that.
There it is.
There it is.
Tyler's morning minute
on Decrypt Media.
I'd love to see that.
I think Powell's done talking, right?
Because there's not been
any notifications in a while.
I guess I don't know
how long he was talking.
Yeah, it must be done
because all the people
that were hosting right now,
Kobe posted his laughing face.
I got to quote tweet that.
Kobe needed this more than anyone,
right?
Kobe,
no rep on the line.
He promised us up online.
It was down online.
I fucking love this timeline.
I fucking love this timeline,
dude.
What's easy saying?
Cause he's been following it closely.
Hold on.
DXY sold off. Okay.
Not hawkish. We didn't want
him hawkish, right?
Correct. There you go.
Who knows what. Oh, I like this
tweet.
I hit this tweet.
He was talking about him on the show this morning.
I like that. I like EZ. I really fuck with him.
Okay. Looks like it was a positive.
I mean, dude.
Good start.
I love how all week long
every motherfucker was like,
oh, pal, I was going to destroy the coins
the weekend, bro. 106K, bro.
3,400, bro.
Like maybe 2,800.
Your salon's going to 85. Yo, yo.
I saw 85 yesterday.
Did you really? I did. 85, yo. I saw 85 yesterday. Did you really?
I did.
Yeah.
Come on.
And I'm like, yo, like, 2800 to 3400 on ETH, bro.
Crazy.
Yeah, 36K Bitcoin.
Yeah.
By the way, the code today, if you want to win some money, is JPAL.
We can't fire the guy. He's back. He's back. You know what I mean? He's back.
Did you see how tired he looked at the airport?
See that photo?
He's tired from knowing.
See that photo I posted this morning on the American account?
He looks very tired.
Yeah. You see that? This is the face of someone who's coming to pump our bags.
He was preemptively tired from all the winning that he is projecting out into the markets.
I love that.
I feel like, okay, CME is starting to move now.
87%.
No way.
89% for September cuts now.
What?
It was just 74% on the show.
It was like 68%.
Oh, my God.
What a pump.
What a pump.
For December, 50% for two cuts, 38% for three cuts.
So 87% for two to three cuts.
Market likes it.
Stocks are up a couple percent as well.
No questions.
I just saw it.
I just got a text.
He took no questions, nothing.
Speech and got the fuck out. Perfect. We don't want questions because he's fucking feds asking questions. I just saw it. I just got a text. He took no questions. Nothing. Speech and got the fuck out.
Perfect. We don't want questions because
it's fucking feds asking questions.
Well, what do you think about
Donald Trump?
You know, they all fucking talk for nothing, dude.
We don't want any additional nuance.
No more nuance. No more ways
this could go the opposite.
No nuance. So now it's like, I wish Mando was here to tell us when the next numbers and whatever is, the macro stuff.
But when's the next Fed meeting?
It's end of September.
September 16th.
Okay.
So that's a little earlier in the month.
So we've got about three weeks till then.
Market's going to rip until we can, dude.
Like, honestly, it's going to rip. It's the weekend, dude. Like honestly, like it's
going to hit all the time high this weekend.
So here's the, here's the
thing. And maybe
this is the year we break it. I actually wrote a full
newsletter on this. So,
and you know me, Permable.
We are
coming up on
a strange month.
It's called Ghost Month.
Are you familiar with Ghost Month?
Ghost Month is essentially the unlucky month in Asia.
So in many Asian cultures, it's a time when spirits are believed to roam the earth.
What the fuck are you talking about, Tyler?
As I understand, Asians don't like to trade during
this month. But how do you determine ghost month?
Is it a September thing?
It's the seventh lunar month of the year.
So it's typically late August
to late September.
So I went back. I wrote a
newsletter. It's up on Decrypt.
Stop, dude.
You can...
Look, historically, this is a very,
very red month.
Bitcoin average is a minus
12% return in those months. Some of the
worst selloffs ever. 2017,
it went down 40%. 2021, it went
down 23%.
Even in some of the bull years, we've
had drawdowns 12% to 20%.
I hate writing stuff like this.
You know I do.
But some of my friends, some of my attorney buddies were telling me about Ghost Month.
And we've been talking, GCR's call is that the East is going to drive the crypto markets in this next cycle.
We've got Luca dedicating most of
his focus to Asia right now.
If we're going to say that, then
we have to be aware of Ghost Month.
And Ghost Month is historically...
So when does Ghost Month
start? Soon.
Starts tomorrow.
Starts tomorrow.
And how long does Ghost Month last?
I would assume a month.
You have to ruin the parade.
We're not going to ruin the parade.
There you go.
You start talking about Ghost Month and we're dumping.
Bitcoin may literally go to 12K here.
We're still good.
We're still up quite a bit.
I don't know what to do with that information, if I'm being honest.
It feels like a trend that is big enough to understand
and be conscious of.
But at the same time, maybe PAL signaling rate cuts are coming
is going to be enough for us
to beat
the Ghost Month.
The Ghost Bears. And I actually was
wondering if that's part of why we were selling off.
So we were selling off on the Korea Open
every night this week. It was
6 p.m. So Asians
are dumping.
That's what was happening. So it was easy to
draw the narrative that perhaps they were front-running
ghost months.
I mean, now we're back.
So I guess where are we at on the week?
So Bitcoin's still down 2.5% on the
week, it looks like. It is even on the
week. I think
it's up.
Yeah, seven days.
No, barely.
Okay.
Still red.
Still red. Baby red.
USDC is down 0.2% of the week.
Tron's green on the week.
Chainlink is up 17% this fucking week, dude.
Jesus.
Link Maroons. This is why Mando's not here.
He's out hanging out with the Link Marines.
Ah, Mando.
Mando's been so tight this weekend.
I see.
I see.
I see. That's why Mando's not here.
That's why Mando's not here. That's why Mando's not here.
Wow, it's looking good, too.
All right.
Well, look.
Some good news.
Some exciting news.
An exciting show.
Everyone, I want to see some retweets, by the way.
I pinned the DJ's live cake thingy at the top.
So make sure you retweet the show on video.
Make sure you subscribe to us.
We host a good show.
What else? Okay, we talked market. Look, J-PAL,
positive, X-Copy,
all that good stuff.
What else was good? I know a lot of the attention was just
this J-PAL thing. It's behind us now.
Yesterday was a very quiet day.
One of the more quiet that I can remember.
I think the
XPL token going live
is an important story for folks to be aware
It's trading on hyperliquid.
So if you go to hyperliquid perps,
you'll be able to find it.
Okay.
Started trading at around 4am this morning.
So XPL is the token for plasma.
Plasma is coin chain backed by tether.
So the,
the narrative is like,
this is the,
this is how you get access to tether. And there was a lot of
demand to access the pre-sale you had to deposit. Stables and basically how much you deposit gave
you access to the pre-sale. The pre-sale was around a $500 million FDV. It is now trading at 4.36 billion FTV. So anyone who got in on that presale on paper is up 8X.
I don't know when the TG is.
I don't know when they're going to be able to get their tokens and sell,
if they're going to be able to get 100% unlock.
I don't know the details of that.
But they are feeling good about their presale entries here this morning for sure.
Okay.
I haven't really followed on C, so I don't really know that much
what's going on that front.
The stablecoin narrative
is clearly one of the biggest
of this cycle. It feels like every
day I'm writing
three or four bullet points about a big stablecoin
headline from the past day.
See, I wish my answer was your answer to that too,
but I don't understand why there's so many stablecoins.
Is that a stupid question?
That is a good question.
I guess my gut is there may not be that many barriers to getting them set up.
They are clearly a very profitable business.
And there's a lot of appetite for it.
Like my mom, who just like loosely follows crypto,
was saying like, should she be investing in stable coins?
And so I think that's telling you kind of what is permeating more than mainstream.
Like what are the crypto narratives that are getting out there right now?
I think the stablecoin one is
clearly getting out there. There aren't that many ways to bet
on stablecoins on chain.
In stocks,
you can buy a circle.
On chain,
what are you going to buy?
Ina,
which has done incredibly well. Now, you know, which has done incredibly well.
And now XPL,
which is the,
the tether,
the tether chain.
So the narrative is pretty clear.
I don't know where it's going to go from here.
Four and a half billion FTV feels like a,
a fair valuation.
It's like,
it's less appetizing.
Like,
I'm not like looking to go big long at four and a half point.
I'll probably let this shake out a bit.
But it was a good trade
for anyone who got in on the pre-sale.
Yeah.
It's
yeah, you're right. I get it, I guess.
I'm not too into
the whole stablecoin game, but I don't know.
All I know is that we have a friend in common that needs circle go to zero.
that's why that was circle.
what,
yeah,
what is going on?
I mean,
look,
we don't have to go too long either.
We got to double giveaway,
but what else is there?
Like,
what's the timeline?
The timeline?
Cause I feel like everything was just J-Pow overhang,
and it's finally over.
Yeah.
Now we can move on with our lives, it seems like, which is good.
Wrecked had a nice pop.
Well, Tom Lee's thing were early cycle.
I'm with Tom.
Four minutes ago.
Top of the first.
Top of the first. Top of the first.
Top of the first of the institutional bull run.
Okay, fine.
You can have that one.
Not the other one.
Tom Lee, baby.
Tom.
What a guy.
What a gentleman.
Let's call it.
He literally gave us the exact bottom.
It's just like when Trump was saying like buy and then the market pumped all-time highs.
Same shit all over again.
You have people in suits in Wall Street now telling you when to buy this shit.
There's a lot of people talking about this.
I'm a casual perp trader.
I'm not a deep perp trader, and I'm bad at it.
But we had one of the most important people moving markets in crypto
tell us the exact number to go long.
And if you did, basically with any leverage you wanted,
you inhaled it for two and a half days,
you're up so, so much.
I love this guy.
If you did 10x long, you're up 100%.
If you did 25x long, you're up 250%. If you did 25X long, you're up 250%. Oh, man.
I want to make this my PFP.
I love this guy.
I love his glasses, too.
I need to get myself some thick frames like that.
I should have one on the way.
Wow.
You know what?
We love Joe Lubin and Sharp Blank.
So we need our call to action for that crew is they got to get their Tom
way out there.
They got to get the funny guy out there.
I had a meeting with Joe Lubin this weekend, this week.
We have a quarterly meeting with Joe.
I had a Monday.
And he was wearing this T-shirt.
I said, and his T--shirt read nobody cares, works harder
and I was like wow
that's my quant
I love that
and at the end of the call
we're talking about things Myriad and where we're at and what's coming up
because for those of you who don't know
Joe Lubin has got a
pretty important stake in our company
over at ConsenSys at the Crypt Rock Radio and Myriad Markets.
I'm just saying, read between the lines and get bullish, y'all.
But I told him at the end, I said, hey, Joe, you got to buy faster.
Your boy Tom Lee is going pretty fast.
I just had to slide that in.
And then he was just smirking.
He always has this smirk to him.
Like, okay, shit.
Here's the thing about Joe, and I see that smirk too.
I feel like he's already thought five moves ahead.
He knows what's coming and we don't.
Wait, Ed.
And I think that's part of the reason why I'm a bullshun.
I'm an SBET shareholder.
I haven't been shaken out in the dip, so we'll see.
The daily trading volumes have been lower,
but I bet today's volumes are going to be quite high,
so they're going to have some nice ammo for next week,
and then we briefly hit the headline.
With the headline here, you were showing it.
They announced a $1.5 billion stock buyback.
This is a little bit above my pay grade,
but what I understand is, so typically with these ATM programs, your stock is trading at a premium
to your ETH holdings. You take the volume and you sell a chunk of shares into it, raising cash
so that you can buy more ETH. That's how these programs work. Everyone knows that.
There's always questions of, okay, so what happens when MNAV goes below?
Programs like
this now enable them
to use cash to buy their shares back,
which can inspire
investor confidence.
It can
allow them to have more shares to
again, sell back at a higher...
If they think their shares... Effectively bet on themselves,
right? If they think their shares are going to go up,
have it traded at a premium, MNAV,
then they can sell them back there.
So I think it's a good headline.
Bitmine has the same.
They have a very similar program.
I don't know the exact dollar amount, but in line.
So SBET was actually lagging.
Bitmine in the buyback department, and now they've got it.
So I think that will help the stock a bit in the near term as well,
which we're already starting to see.
It's outperforming ETH today.
Jackson's home, baby.
ETH Bitcoin fresh yearly high.
Let's pull ETH Bitcoin fresh high.
We're still running, dude.
We're running the entire time we're talking.
We're about to hit 116.
A lot of Myriad predictors are in shambles right now.
This morning, it was 4%.
The market that would say closed today at 116K, it was at 115.
It was at 4%.
No way.
Yeah.
I saw a screenshot someone sent.
It was was 4%.
It went from 4% to...
Let me tell you.
Let's see.
We may have moved the line again.
Let's tell us here.
Where is it?
It's at 55 now.
Look at this.
It's insane.
What a move.
Guys.
I mean, so this is... That's probably the right number move. Guys. I mean,
so this is,
so that's probably the right number now.
Yeah. Cause you're assuming that we close above one 15.
So you're right there.
But dude,
like,
I think we have a lot of new markets.
What,
what's Simpson.
but,
but yeah,
I don't know,
man.
Let's check it.
What other markets look interesting now?
It's a big pump.
So this one,
like one Oh five or one 25,
still just 58%.
Yeah.
Like one 25.
I don't definitely one 25,
right?
Well,
I think one Oh five is very safe now.
But you're still getting good odds.
Like you're still getting like 63% trade on that.
Like that's a better trade than any meme coin you're going to buy. By the on that like that's a better trade than any meme
coin you're gonna buy by the way like that's what a lot of people don't realize i mean the
liquidity is not as deep and that we're solving for that extremely soon by the way like this
coming month in september we're about to deploy a fuck ton of liquidity to mirrored markets in a
lot of markets guys it's actually ridiculous what's going to happen in September. But still, like you're still getting more odds, right?
What else is looking at?
Let's go to crypto.
We have 31 crypto markets right now.
So this one's fun, though, you know, Tommy.
XRP, 4.2.
I mean, Ethereum, 5 or 3.5 is still 76.
It's still free money.
Like, it's not 99%.
Like, you're still 25% trade,
Tyler. You know what I mean?
I want to see. Okay, so Pingu
is at $2 billion, so you need
a 10%
move
to get 3x. So you get 3x
on a 10% move in the next
eight days.
That was also one of Blunts.
In the Blunts, Fartcoin video,
it was Pingu and Fartcoin.
I actually think that's an interesting market.
I need to request a Fartcoin market again.
What else?
I love this new salon all-time high.
It's 40%. I would have thought
that was lower.
A lot of people don't seem to believe it's going to hit it.
He's not leaving, Powell, because he's getting in line right now.
Like this, this is 89%, I guess.
This would be one of the best ones.
Yeah.
And then Fear, Greed, we don't really care about that anymore.
And then those are the market ones.
We're about to hit 58% here on dominance. Rec market cap. These are points now. These are points. Let's go back
to linear real quick. Market for 116, brother.
I mean, I like this, even though it's 70% already.
Dude, like we're... This is...
Yeah.
What this...
Yeah.
I don't know.
I think people are crazy.
There you go.
It's getting...
It's pumping right now, this market.
Will there be a 1B crypto liquidity by end of august how many people just
got liquidated do we know you liquidated coin glass let's see i think i heard the man doing
the studio what up what up good morning good morning guys how you doing craziness no you're
good we're just uh we're just going so we there's not much to cover so we cannot
went through a lot and then we're looking at some markets because a lot of prediction markets are
now off with this pump right and a lot of people don't realize oh yeah you can miss a move on
leverage but you can quickly get run to a prediction market to catch it right because
it's not as fast uh that they move like that.
But man, though, did you have time to listen to Powell and everything?
Did you see what's went down last 30 minutes?
No, you were busy.
I think, yeah, he's pretty, well, he's indicated he's going to cut rates.
So I think he's got a very, very high chance of a September rate cut,
probably 100% now.
Yeah, FedWatch jumped from, just so you know just enough on the show from 69% to about 85.
Okay.
sorry.
Oh my God.
We're at 93% now on Fed watch.
Yeah.
I guess it was higher than that.
Yeah.
Sorry.
It's been live.
Like it's been literally started at 60%.
Yeah.
Yeah.
Wow.
I think a good chance.
I mean,
this is his job.
He's meant to tell you what he's going to do.
So as I've said before,
like it's not like he's trying to surprise the market.
So it's a good thing that he's indicating that the number of rate cuts
will come into play.
I think what we've really just seen though is like crypto.
I put it earlier this week.
Like the reason we were selling off wasn't really macro.
It was,
it was just illiquid markets.
Yeah.
People,
people getting,
caught,
caught up in like August flow,
essentially.
And yeah,
yeah.
So it was just,
it was macro didn't even move that much.
Macro was all-time high.
Look at this candle, man, though.
Look at Ethereum.
Yeah, exactly.
ETH had a great candle.
I bought a bunch of LINK this morning,
so I'm kind of now like...
I'm even bigger in that LINK position.
I'm kind of a third, a third, a third now.
Wait, what's your third? Bitcoin?
East link.
Yeah.
Wow.
What a port.
Link Marines!
Let's look at the traditional markets.
Oh, my God.
The SPX.
Holy shit.
A candle like this on S&P.
I'm not a macro guy, but this is like billions, right?
I don't know. Am I like off here?
Look at a fat Greek candle.
Look at NASDAQ.
It's ridiculous.
Damn.
Dow Jones all-time high.
Yeah.
S&P's about to take an all-time high
I mean
ETH is going all-time high this weekend
that's great
5100
Tommy told us
5100 next
oh my god
I love it man
they don't believe man though
Tyler and I were talking about this
they don't believe
people don't believe.
People don't We've got people in the chat
asking us about the Farcoin chart.
Let's bring it up.
Fuck you guys. We'll bring it up.
Oh wow. We're green.
This is fine. See this here.
We're holding this level here.
Go to the one hour chart.
On it.
There you go. Also, fat green.
Yeah.
I'm too zoomed in.
That's okay.
We were at 80 cents this morning.
Any news?
Nice to see it back over 90 cents.
Yeah, I mean, it's not bad.
How's Rek doing?
Let's pull up the memes.
We have nothing else to do.
Let's talk about all of our positions.
Let's talk about all our backs.
So I want to pump my bags right now.
Okay, so the other day, it's our show.
Rekt is looking good.
It's a double.
Is that a two-cup, one-handle thing I'm seeing here?
Rekt's looking very nice.
Look at that.
This is actually nice.
This is a very healthy pullback.
It's like 40%, I think, on Rekt to pull back.
30, 40?
You had to know it was coming, right?
It went straight up for 40 days or something.
40% pullback.
Okay.
Unbothers, moisturized, thirsty in my lane.
And then what else are we looking at?
Light had a nice little rebound.
Okay.
Let's look at Light.
Let's do Light.
Let's go.
Not bad.
It was.
Oh, wow.
It went down into like $70 million, now back to above $90 million.
Yeah.
So another one was due for a pullback.
What else?
Which bags do you guys want us to pump?
Chat.
Chat.
Chat.
Chat.
What are we looking at? Chat. Chat. What are we looking at?
Chat.
Actually, what are punks at?
I haven't looked in a bit.
Oh, thank you for asking.
I just repressed that.
$213,000.
Hey, your Bitcoin pump ratio, you're like way in the money.
You're like way, way right.
So you're good.
What are punks at?
There was some punks selling under $200,000 yesterday, by the way.
This is nice.
That's nice.
Mando, whatever happened to you buying punks?
He bought Link instead.
Yeah, true.
Yeah, he's bought a lot of punks worth of Link, I'm sure.
Oh, Mando.
We're going to see an NFT rally this weekend.
Classic.
I think this punk floor will be back above 50.
You'll probably see Moonbirds run.
Oh, what Moonbirds are?
I think we'll just move a little bit.
Man, I sent you guys the Moonbirds dip at like 3-2,
and I was like, yeah, that's probably good.
And then next day, it's like fucking 3-8.
We've got homies bullposting big coin.
Big coin? coin big the abstract
hey by the way everybody
NFA DRUR and that doesn't mean we're in the positions
we're just looking at the stuff that our listeners
have
wow big coin oh my god
Jesus
what the fuck
Jesus chat's eating man
you're in bitcoin pivot to big Bitcoin I actually have a more serious question, Mando
We were looking at the
What were we looking at?
The next Fed meeting is September 16
Is there anything between now and then?
Well, September is a pretty volatile period in general.
I wouldn't necessarily just assume that we're not going to have a clean run
here until September.
There's a lot of data in between now and then.
I think what he has just said is that you will have a rate cut in September.
I think the whole thing now is like,
well, you get more than one rate cut.
And the data around that is a bit more mixed, I would say. thing now is like, well, you get more than one red cup. Um,
and the data around that is a bit more mixed.
Okay.
yeah,
it does.
We're going to get that.
Abstract memes are flying,
dude.
I like base memes.
I still am pretty much sidelined.
We are,
but we did still made the right call.
It was like,
if you have like,
like it was in a show,
man, I don't know if man was here. It was like, if you have like, like it was in the show, I don't know if it was here.
It was like, if you only have 10 grand to start with or less
and you're new to the space, you don't just go by Farcoin.
Or even Rekt.
It's just still, it's high.
You just probably start somewhere like an abstract eco.
Oh, we said Zora too.
Where's Zora at actually?
300 mil still.
925 FDV.
Also looking good.
Actually, also looking good.
Damn.
Let me pull it up.
That's...
It reminds me of the rec chart.
It actually looks very similar.
Wow.
What else, guys?
Where are you guys...
What's the chat into?
I'm just so curious.
Where do you guys buy?
Okay. GDP stat is 828, PCE 829, NFP 95.
I have no idea what any of this means, but I know Tyler and mine will do, though.
So we'll see where this takes us.
All right, well, look.
I think we could just go and give some money away.
This is something else to cover.
We're Friday.
We have two.
Oh, yeah, it is 350.
So let's give some money away as Bitcoin is something else to cover. We're Friday. Oh yeah, it is $350. So let's give some money away
as Bitcoin is at $116
while ETH's $42.
What's Solano? All three of them
are such good coins, man.
Like $192, guys.
Wow.
Jesus.
A lot of you just need to just
own majors
and do nothing, I think.
Not listening.
So ETH is up 8% in 24 hours.
Wow.
All right.
Is it Sims or is it Charlie?
Because we have the winner for the sub, and then we have a winner for the thing.
Who's doing the wheel here?
Check, check.
Let me check.
Hold on.
Where's Sam?
I see Sam's in the studio.
My WhatsApp is broken.
Fuck.
One sec.
Oh, okay.
Let's see.
Okay.
It's on the board.
All right.
Cool.
And there we go.
Paul. Who is that? Hall! Congratulations!
Congratulations, Hall! You win Fart Corn Friday, Corn Race, baby!
Corn Race Hall, their username is Hall Hall.
And the winner for the sub, I think from next week we have the spinning wheel, but we do, just so you guys know, DGENTI automates
like, not automates, like it's all randomized in the
back end. The winner,
oh, Ho-Ho is here. There you go.
Ho-Ho, you can already pick the coin aside from
Farcoin. So you're going to have to put $250 on a coin,
$250 on Farcoin, BTC, ETH,
SOL, and Doge. Pick one of those
and we'll do it for you. And the winner
for the subscribers giveaway
Pornstar Yeet.
Pornstar.
I think he made a clip last week, right?
But anyways, it was picked in the back end.
And he got the thingy going.
The agent tie is getting a spinner done just for subscribers.
It's just really hard to do like this.
So we're building in.
But Pornstar Yeet, congratulations.
Okay, so Hall's picking BTC.
If Pornstar's here, you can pick a coin.
If not, Bando Tyler and I is going to pick for him.
But that's what you get right now.
Yeet.com.
Use the code FOMOHOUR.
And we're going to go and pick a winner.
I'm going to switch my stream yard over quickly to the things we can get to sound.
The sound on CoinRace is more fun.
So be right there, guys. Be right back.
And we're so back. There you go.
Can you see me? Or am I like broken
up and shit?
Can you hear me?
Check, check. Can you hear me, Mando?
Yeah.
Perfect. I lost Tyler, though. Can you hear me, Mando? Yeah. Okay. Perfect.
I lost Tyler, though.
But anyways, it's a good way for me to have the actual sound on.
All right.
So here it is.
There you go.
So we're going to go to corn race.
All right.
So he controls Bitcoin.
So we're going to do a hell hall first.
And then we're doing a second run for porn star. So he controls Bitcoin. So we're going to do a haul first. And then we're doing a second run for Pornstar.
So he picked Bitcoin.
Oh, wow.
Canada announced that they're removing retaliatory tariffs on US goods.
Canada just capitulated to USA.
Whoa, bud.
Whoa!
Oh, 70X, boys?
Wow.
All right.
So this is for a haul haul. And then second one I don't is porn star in the studio
Can you guys see if you can't if he did it we're gonna pick for him. It's fine
Let's go
Let's go. Let's go. Let's go. Let's go. Come on fuck when baby a
$15,000!
Come on, come on, come on, come on, come on, come on, come on, come on, come on, come on,
come on, come on, come on, come on, come on, come on, come on, come on, come on, come on,
come on, come on, come on, come on, come on, come on, come on, come on, come on, come on,
come on, come on, come on, come on, come on, come on, come on, come on, come on, come on,
come on, come on, come on, come on, come on, come on, come on, come on, come on, come on, Fuck yes. What do we pick for him? ETH?
Yeah, let's do ETH.
Let's do ETH for Pornstar.
Yo, hey, we didn't get Farcone,
but Hulk, congratulations.
You just made $1,184.
Boom.
Sorry, $1,084.
Let's go. Let's go.
Let's go, Pornstar.
Come on.
Oh, yeah, he hit it four times. He's go. Let's go, poor star. Come on. Let's make it five.
Oh, yeah.
He hit it four times.
He's the guy who made that clip.
Yes, yes, yes, yes, yes. Shot Solana.
Shot Solana.
Go, go, go, go, go, go, go, go.
Oh, almost.
Oh, wow.
And even Ethereum didn't.
It's all good.
It's all good.
We got to win today.
That's all that matters.
So congratulations to Hall Hall. You made $1, it's all good. It's all good. We got to win today. That's all that matters. So congratulations to Hall Hall.
You made $1,000 and $84.
So $1,084.
And Pornstar Yeet makes $500.
Shout out to you for being a subscriber.
Just a reminder, every Friday, we do one of the giveaways to a lucky subscriber.
Tyler Mendo, higher or lower on Monday?
That's a tough one because we pumped pre-Monday already.
Yeah, we did a nice pump just now.
I mean, we are pumping, right, guys?
I think we'll be higher.
Higher for sure.
Other questions.
Ethereum all-time high by Monday
That's going to be in range
But I think
Is he still speaking or is he done speaking?
No, bro
Brother, you know what happened?
It was elite
He went, he spoke, he got the fuck out
No questions
Nothing
Walked in, walked right off He went, he spoke, he got the fuck out. No questions. Nothing.
Walked in, walked right up.
Does that cue your answer now?
Dan, I think we have a nice
old period here.
Let's go.
Alright guys, well, with that,
with that, we'll see you all
Monday morning, 10 a.m. Eastern Standard Time
for another episode of FOMO Hour on Rug Radio.
Let's go. Thank you.
