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FOMO HOUR: Markets are green, news are piling in, are we back? Or nah?
Recorded: March 20, 2025 Duration: 1:11:31Space Recording
Short Summary
In a recent address, Trump reaffirmed the U.S.'s commitment to leading the crypto space, announcing the establishment of a Strategic Bitcoin Reserve and calling for regulatory clarity on stablecoins. His remarks signal a bullish trend for institutional investment and growth in the crypto market.
Full Transcription
Yn ystod y cyfle, mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle.
Mae'r cyfle wedi'i ddod yn ystod y cyfle. Mae'r cyfle wedi'i ddod yn ystod y cyfle, mae'r cyfle yn ystod y cyfle. Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle.
Mae'r cyfle yn ystod y cyfle. Mae'r cyfle yn ystod y cyfle. You
Oh, yo wasabi Yo, wassup ya? Check, check, check, check, one, two. Okay, we're good, we're good, we're good.
Boom, everything is working perfectly fine.
Let me close a couple of apps just in case my internet decides to fuck up.
We're good again.
This is perfect.
Everything is perfect.
Look at that.
Everything is perfect over here.
Boom boom bang. Roll bit because we're going to do some fucking giveaways today.
What's up? Let me see some retweets.
The winter is over.
The winter is now behind us, Tyler.
Winter is behind us.
Winter is so over.
We're not quite there.
We're not quite there.
There you go.
There you go.
Alright, tips. Kick it baby! I'm gonna be right back. So
so Yo, yo, yo, yo, yo, what up?
What up?
Good morning.
Good morning.
G F G Thursday.
Oh yeah.
Thursday, March 20th, 2025.
Look at that. Another beautiful day to have a beautiful day.
A big GF to my fellow Persian people.
Happy Noroo's. Happy New Year this morning.
5.01am Eastern Standard Time.
The spring equinox hit. The birds were chirping.
The sun was,
well not shining, but you know, it was rising.
Or it was shining in other parts of the world where it was daytime.
So I definitely, definitely want to wish y'all, those who celebrate, even those who don't,
you know, Tyler, even to you, your family, everybody else, you know, so it's a moment
of renewal, affluence, love, and all that good stuff. So you love to see that Tyler, Tyler, Tyler, Tyler.
How you doing today?
Good morning.
I'm good.
I love spring.
I love one of my favorite seasons.
So we're not quite there yet.
We had a snow snow on the ground, but ready to turn things around and
markets looking pretty good.
This morning. So I'm feeling good.
The market's looking to just bring us around the corner.
You know what I mean?
Like the market is trying to give us a little bit of something.
I think that's no, so I'm talking about making this way to me.
We're good today, but I think I'm pretty sure it's on its way.
Um, so it's like, we're, we're never going to not have snow.
It's crazy.
Um, classic. Um, it's a classic little never going to not have snow. It's crazy. Classic.
It's a classic little, it shakes the paper hands here in Montreal every time, end of
March, you know?
You got other snowbirds that slide back to Canada and then you slap them with another
fucking snowstorm.
Classic, classic.
Anyways, everybody tag Mando. Where the fuck is Mando?
I have no idea. I'm going to tag him. I'm going to tag him. Today on the show we have,
are you coming? On the show today? So, the other show we got, we got so much to talk
about. We got the market, FOMC yesterday, all the good stuff. The most powerful man
on earth. That's not a president, it's Jerome Powell. Took the stand. That guy is so powerful when you think about it.
He is.
He's like sometimes a tie-caller away from destroying the global economy.
Simply how he chooses to answer the questions that are asked.
That, if you want to talk to you about that and how good he is at that at some point today,
but also, guy shows up in the red tie, global economy is finished.
Guy shows up in the purple tie, doesn't mean we're great, but it doesn't mean we're bad.
You know what I mean?
He's in on it, right?
He has to know that at this point.
He's got to know that there's like a ton of money.
Like I think there's millions on the line every time he's going to tie.
For the next F1 himself, make sure that we have a Myriad Market up for you guys.
Because someone asked, Wiz, yesterday was on stream on Abstract.
And I was like, yo bro, where you at?
Like we need a Myriad Market for the color of this fucking tie.
I was like, okay, okay, okay.
We'll try and get one up next time.
I think it's always skewed towards purple.
So one day though, let me tell you,
the day he pulls up in an orange tie,
that's when, that's when tides will shift.
We run the table.
Yeah, we run, the day he does that, you see,
I mean, I don't know, all the stuff you got in your house,
this is where it's going to go.
Even the new Tyler D household, it's going to go. And you get, you got the new, you don't know, all the stuff you got in your house, this is where it's going to go. Even the new Tyler D household, it's going to go.
And you got that new, you got that new,
everything on Bigwood.
Anyways, so we'll go through all this stuff.
And then we have guests coming on today.
Special guest, Luke Annette is coming on as well as,
as the founder, right?
Founder of Enchineros, is that what I got?
Yes, Skyler, right? Skyler of Onchineiros? Is that what I got? Yes. Skyler, right?
Skyler's coming on.
What is it?
Scarlett?
Scarlett.
Sorry.
I saw Skyler.
My bad.
Scarlett.
I read that wrong.
My bad.
But Scarlett is coming on.
Hell yeah.
Founder of Onchineiros.
They're cooking over there.
I love that.
Another great Web3 gaming.
Web3 gaming has been a big topic conversation this past week. Again, a lot of people dunking on it, etc., as usual.
But it looks like there's some people that are making moves,
they're on abstract.
And Scarlett and her team are definitely some of those people.
So they'll be coming on later.
Then we have a real bit of a loot box as usual.
So if you want to win a punk...
Actually, I removed the punk, but I put a 10% chance to win a penguin.
And I'm adding another penguin because that's still not enough.
So so there's literally going to be over 10% chances that someone's going to win a Pudgy
penguin today.
If you ask me, that's not bad.
Okay.
That's good odds, right?
That's better odds than hitting on a pump fun.
That's for sure.
And anyways, this show is powered by Galaxys.
Galaxys is a 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,
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Follow Wallet Connect on X and Telegram to stay ahead of what's next.
Tyler, you tell me what's next.
For Jelly NFT and crypto analysis.
Tyler D on FOMO, our calls to KitKat
Yeah folks good news crypto majors and stocks rallying on the back of yesterday's FOMC meeting
and uh pal's commentary which I think interpreted interpreted dovish will get into that here in a bit Bitcoin
86k eat did give back some of the skates. So we had a nice route yesterday. It's back under
2k can't have nice things in the East street. So hanging out at one 31. It's actually flipped
right on the day as well. So this is now a Bitcoin rally. There is a lot of anticipation folks
expected in 30 minutes. President Trump expected to make
a major crypto announcement virtually live at the digital asset summit conference. So
that may break during the show here. So we're going to have to keep an eye on that. Same
time Trump media executives are launching a crypto SPAC looking to raise 179 million
to invest in American crypto and blockchain
companies. So that was a big headline from yesterday. We have the Solana futures ETFs. They
start trading today with vol shares, potentially paving the way for those spot ETFs to come down
the line. In other Solana news, totally co-founder Solana he slammed yeah there was a controversial ad saying it was punching
down and vowed to ensure he'll do his part to make sure this Solana foundation is on mission
now culture wars so we like that from yeah we do crack it nearing a 1.5 billion dollar acquisition
a futures trading platform ninja trader that's a big deal folks. So we'll see if that does indeed go through it looks like it will
Blackrock folks. They debuted a new crypto pitch video. No way
They're good at these taglines. They describe Bitcoin as a global emerging monetary alternative in the theory
I haven't heard this exact a theory of pitch before but a theory as a technology platform built to enable the next generation of financial
applications and To think of it like a revenue generating app store as a technology platform built to enable the next generation of financial applications
and to think of it like a revenue generating app store.
So I thought that was interesting there from a BlackRock spokesman.
And then this Turkish crypto exchange, they saw a major surge in volume.
After the lira, the Turkish lira dropped 13% following an arrest of their president's rivals. So that's highlighting a major use case of crypto right there kind of a flight to safety
and currency debasement hedge in token airdrop in protocol news
You swap token holders voted to approve two governance proposals for a hundred and sixty five million dollars
One of which to lay the foundation for activating their fee switch and another to grow the broader ecosystem
Blast their app store went live for white listed wallets expected to open up more soon
New airdrop alert for this definitive protocol. It's an on-chain trading platform
I don't know a whole lot about it, but those who have a hundred K plus volume on protocols like hype juke photon
Bullets and more should be eligible. So maybe go check that out
Of course do I or and then privy raised 15 million dollars in funding led by Rubik capital as they aim to simplify security
Via crypto rails that was most of the news kind of rounding out rounding out AI
Memes and entities the AI market cap did jump about 7% on the day fart coin led mind share with a huge 20%
Mind share percentage there after it hit $400 million in a huge rally on Wednesday.
A nearest co-founder, I thought this was interesting, Ilya Polosukin, he gave a speech at Nvidia's GTC AI conference.
I think he's the first Web3 founder to speak at that Nvidia conference.
And he talked about using the cloud-based approaches to miles and ages to solve current state issues let's see and memes and issues B&B is leading
the way in meme coins folks tut broccoli and banana were the top meme movers
across chains those are all on B&B all up 40 to 60 percent PBS was no big one
on salon it was up another 50 percent on the day to 14 million and then in NFTs
doodles announced they're gonna release a white paper with their upcoming doodle token launch
Taproot wizards shared their whitelist details
Confirmed 1750 wizards are gonna be on sale March 25th 1 p.m. Eastern
0.2 Bitcoin and then a blockbuster mega mutant deal
Adam Weitzman
Acquired four mega mutants on this close price. What do you think? In
a two million plus you're thinking two million. I don't know that those things are so illiquid
and that's such a huge chunk. It's like the value of those is basically what he's going
to pay for it. It's kind of my read. You got four of them, right? Can you believe they
were like two million pop three maleipop? What was it?
Oh, we'll have to go, that would be interesting
to go through the history on those.
I mean, the serums were going for like 2000 ETH, right?
1000 plus ETH.
Yeah, those were huge.
I'll try to pull it up.
I can probably find it, but those serums were going
for an absurd amount of money back then if you recall.
So that's pretty wild.
I'm exposing myself.
I don't know how to navigate this new open sea the same way I used to.
We need to get used to it.
I'm actually starting to learn how to navigate it properly.
I'm getting the hang of it.
They tagged me.
Everyone's like, no, you can actually switch to usd and crypto. I didn't realize it was at the bottom right
and small. Also, you can switch back from pro to collector and I like the collector over the pro
shit. Like here, like right now I was doing the box. So I'm on it. So like here, like you have pro
that's like, I'm not in for like a Bloomberg terminal type open C, so I just go to collector.
And then depending on my bias and the price of ETH, I switch USD and ETH depending on
my mood.
So, serum, so what?
It's like mutant seer, I mean, this shouldn't be a collection anymore because the serum
are done. Um, mega sw- like see last- say if I go here and I pick all of them.
We're like boomers, man.
I know. I honestly don't know.
I remember the good old days of sweeping NFTs on OpenSea while hosting Tortoise Bases
and everybody was like front-running me and you had to go scroll all the way down
because there was no such thing as Jeannie.
Remember Jeannie?
Remember fucking what's the other one?
The other one that then was bought.
Anyways, I forget the history on those, but it was some crazy sales back then, man.
So last sale here for this one was 500 ETH, but I don't know what ETH was at.
It was much higher than this for sure.
See 500 ETH from Asherah and it sold when ETH was, let me tell you right now, more detail
here.
Transaction fee, da da da, machi, 500 ETH, it was the current price I guess.
Yeah.
Maybe ETH was 2K. Honestly ETH has been 2K for as long as I remember that.
No it was 1628.
ETH price here.
Yeah.
So I don't know I forget like chat
do you guys know how much is Mega Mutant is Gourafar?
I feel like I used to post about them all the time
Like for rogue mega mutant. I used to post all the mega mutants
I used to like that I used to do this before stats before Tyler did it for all these guys came in
It's the post price action. I'm kidding
Mutants were splashy. I'm looking for it man. Like, I'm...
I can't figure it out.
I can just remember...
Oh wow, that's one of my best works.
Remember this tweet?
Dude, that was crazy.
The Mikaverse, the Dyson tweet.
That was dirty work.
I can't find it.
Honestly, I'm looking through some old tweets.
I really can't find it. I just remember it was at least 1420.
You know, it was like some of those meme numbers, you know?
They were big. Yeah.
I would have thought at least one of them went for 3 million bucks.
Yeah. Maybe.
But definitely at least a million.
I don't think you're misremembering here.
Like I genuinely think... Let me see if people are like tagging me with answers here.
I genuinely think that that's how much they were going for.
But anyways, point being, your estimated $2 million sale, that could add up.
I mean, Adam loves UGA Labs and Borne Piaz Club.
He just bought a, he actually just bought a, he just bought a Top Hat Punk.
He picked one up for the low actually.
That was a good deal.
He's the one who picked up my 101 bodago OTC not too long ago for about $10,000.
And he just likes to support, man.
That guy's awesome.
He's like this super rich guy in LA or Miami and or at Pritches Bicostal and successful man.
Very successful man.
And, uh, and he just, he just really has a lot of belief in, in you will
have as in my board, if your club is building, what do you think?
Do you think that age is well, let's say it was 2 million.
Let's say it's like two to 3 million.
I think that board API club will stand the test of time. I think it's a top 10 digital
collectible. I don't see a path to those specific mega mutant entities selling for hire.
But it would take long. Like it will take a handful of collectors. I mean, it only takes
one. Right. I mean, we're seeing that with the art space right now with Canvas and others.
It only takes one. So you're absolutely right. So I'm looking for the last sales. Yeah, I
can't find them. Yeah, four years ago it was 200 ETH, 335 ETH, 350 ETH, 250 ETH, and 500
ETH. Those are the last five sales four years ago when they last sell.
Last some of those last sold.
I just can't find the serum page anymore because I'm pretty sure since you can't consume the serum anymore,
they might be delisted or something.
You know what I mean?
Yeah.
So anyways, I definitely remember that these serums are going for $1,000 plus.
So curious to see how that goes.
But good luck to Adam Weitzman.
And congratulations here on that.
Did that move the floor price for any of the serums or, sorry, the apes or anything at
all you think?
No, it was a chop day for Ethan and Tiz.
Yeah, it's still choppy out there.
But you know what?
They're holding good though.
Like I was looking yesterday for fun.
You know, you're still looking at $25,000 for an ape.
It's like 20k000 for an ape.
It's like 20k-ish for a penguin.
It's a collection of 10,000 NFTs in a market where Ethereum is not doing great.
Pongster is still selling nearly $100,000.
So if you think about the collectibles market,
I remember I was talking about the NBA cards or whatever yesterday,
Pokemon cards, et cetera.
Like it's, I don't know.
I don't know if there's a chart that like overlays like Ethereum NFTs versus like Pokemon
and other collectibles.
But it'd be curious to see that versus NBA cards, watches.
I'm actually curious about that.
You know what I mean?
Yeah.
I'm gonna see if I can pull that out.
I mean, that's more than like the entry level Rolex, right?
25,000.
Way more.
I mean, you entry level Rolex, they're talking 5G's.
Secondary, right?
Secondary market, you're talking, but even primary market, let's say you're lucky and
your AD gets you like a Submariner, no date or like a Datejust, like you're looking at
like eight, something like that.
I'd say eight or nine.
I don't know inflation prices. I don't know anymore.
But like you're like it's more than half of an 8 for an entry level Rolex here.
So you know and there's way more 10,000 of those.
So I think I don't know.
I think it's impressive to see those things hold up.
And I remember man yeah those serums were for LJS.
Did I remember like we used to host Twitter spaces for people to, like, consume those serums.
And, like, remember at, like, APEFES, like, the gold one that, um, that, that, uh,
ones that reveal everything was to be, like, these total events.
So anyways, that's some good momentum on, uh, the NFT front, Tyler.
But we got some other big news to talk about today. So what else you got for us?
Yeah, and we can talk a little bit about FOMC. So Pal came out. It was a pretty interesting presser yesterday.
So I did listen to it. I tuned in. We were rallying into
FOMC. They held rates the same. I think that was widely expected. That was a 99% chance outcome.
But ultimately markets did surge after and it looks like it's continuing here into this
morning for the most part.
I think a couple of the highlights that stood out to me.
He did talk about tariffs quite a bit.
That's most of the questions were about tariffs.
He said that could introduce some short term volatility.
He expects it to be temporary transitory.
He also said, I think one of the more important things he said is that the Fed is pricing in full 100% retaliatory tariffs in their projections. So my interpretation
of that is if there are any scenarios here where tariffs kind of get backed off, if they're
not as extreme as we think that they are going to be right now, that will be, that will give
them room to ease because they're already projecting effectively the worst
Because of that they're lowering their projection of US economy growth forecast down from 2.1 percent to 1.7 percent
He did elude the odds of a recession are higher than they previously were but he said still very unlikely
so my interpretation of listening to him live talk through that is
He does not think a recession is coming but he did acknowledge that it It does have a higher chance of happening than it did a few months back
I would think this is really in line with what most people think but was also kind of reassuring to hear and then the other
Piece was they are slowing the pace of offloading their securities in April. So slowly down the QT
So those were the highlights and it seems like
markets generally liked it but now kind of seems like we're all we're all in a
holding pattern here yeah I mean it's kind of rallying now since you started
talking so yeah let's keep talking keep talking yeah big ones up eight back to
a 65 but now this could be people buying anticipation of whatever the hell this
announcement is gonna be in 15 minutes.
I would be careful here but yes I wouldn't long like at 86 but if you were long since
82 you also don't have to like cut it right away you know what I mean?
Like a lot of people think the trade-
If there's ever a thing that's 100x longer short it's right now.
Well that's the problem is people long like now when like literally 24 hours ago it was
80 you know what I mean?
So I bought a bunch of Solana yesterday morning before the show, like $128.6, whatever.
Obviously I missed the bottom, $125ish, but like, I'm not selling it here.
But I'm also not, like I was telling you yesterday, I was like,
I'm also going to sell it as fast as I bought it if I don't feel like it.
You know what I mean?
Like if the vibes are off, like, this Solana is leaving my wallet the second.
You know what I mean?
The only position I've actually held through this downturn,
is all the Sonic I added
on spot.
And I'm just holding because there's passive points and there's a promise of something
and they're building a bunch of stuff.
But the rest, like I've just been in and out of coins.
But this is looking good.
Like honestly, Tyler looks like we have a new range here.
Right?
It's really like the new range is a bit lower than before, but it's between that 76 ish
to that like 90, K range, right?
And we're just chopping between that. So let's see if we break out of it. But I don't know. Let's see
You know, I like to be a bull, you know, I don't like to be a bear
Arthur Hayes, I know we
Give him a little shit for some of the calls, but he has called the last Pico
top pretty well.
He's actually liking what he's seeing right now.
You know, he was very adamant of calling 73k and he got his 75k so he got pretty close.
He says J-Pow delivered QT basically over April 1st and a lot of my friends were like
TradFi were talking about this QT and QE, right? The next thing we need to get pulled up for reals is either SLR exemption or restart of QE.
Was Bitcoin 77k at the bottom? Probably.
But Stonks probably have more pain left to fully convert Jay to Team Trump.
So stay nimble and cashed up.
So I like this, right? Stay nimble and cashed up.
I feel like that's kind of where we're at.
I'm struggling a little bit because I still feel like
the retort from Bestint is that this is going to be
a multi-month correction.
Like we're in for more pay.
But stocks, right?
The tariffs haven't even started.
But on the flip side, everything,
I feel like a lot of that might already be priced in.
Like we sold off so hard, so fast.
And now like there are a lot of big bulls out there.
Like Kobe just bought a huge e-position as we think.
Or a girlfriend.
He didn't confirm that either.
But he's not the only one, right?
Like there's a lot of other folks who have been starting to make more public long calls
Yeah, so he's a little bold up. So like Mando's telling us not to check prices till July
I'm still gonna get pulled up on all the pops. Is that why he's not showing up anymore?
Everybody tag Mando and shame him at wreck Mando. I want I want to see tags on the Twitter spaces at the bottom
I want everybody to tag RektMando.
Just tag, pull up motherfucker.
Anyways, another good sign for BTC, again that's another Arthur Hayes post.
My custom US bank credit supply index is trending higher.
Doesn't mean we are done dumping but the odds are shifting more bullish.
So I think like, not that I understand this, I'm not going to act like I understand what
he just said, but Balls tingling
Yeah, you know like that that that that tingling spring feeling I've been saying spring is nice spring is renewal so overall Tyler
You know, it's like we seem somewhat of a better sentiment
Cautiously optimistic caut Cautiously optimistic.
Where's our fear and greed?
Where's our fear and index at?
Let's see.
Like we're never going to get 10 again.
That's what I'm trying to say.
Instead of fear and greed.
And by never I don't mean like over 10 years.
I mean the next year.
Like in 2025, right?
Wow, back to 50?
Wow!
Nice.
But see dude, like, fine. That's what I was saying. Like people are neutral.
Cautiously optimistic is literally 49. That's accurate, right?
It feels right.
It feels right.
It feels right. It feels like what you and I talked, like the way I'm feeling and the way you're feeling right now from what I'm picking up on, like 49 feels accurate.
I don't think people are buying. I don't, like, other than like, I mean I guess guess I just said some people clearly are, like, like Kobe, like Arthur is starting to get balling.
Apparently at DAS, fucking all the institutions are buying.
Yeah.
Yeah, they are.
Yeah.
Someone said, wait, what was 31 last time I checked?
I mean, yeah, brother, yesterday was 32.
So, wow.
Okay, so that is a huge job.
Like that's got kind of hard to justify.
But if you do the average of the week,
it's in the 40s though.
Because look at that.
45, 47 last month, 45 last week, 43.
So that 32 though, like that 10, that one day on the Friday
when we came on the show and it was a 10,
that was like, that was probably your pico schmico rock,
hard, solid, bottom signal.
You know what I mean?
Like, how much, you know, if everyone's going for 70, 73k and you're at 75k, I mean, how
much more greedy can you get?
You know, like greed goes both ways, right?
Everyone gets the most bearish at the bottom.
And everybody buys Bitcoin at the price they deserve it.
Or the other coin.
I wish I had let you want to talk about that one, Tyler.
But our quiz here is, you know, if you squint really hard,
you can see the quiz holder is lining up at the Golden Gate Bridge.
Yeah, I don't know if it's still trading as Bitcoin Beta or not.
Yeah.
I think the meme is just losing some steam.
But it's that famous like $50 dollar line again on meme coins, right?
It never fails.
You either break it and then you go straight to like 1.150 or you just...
It's like a mental thing.
Anyways, Tyler, what else?
Oh, there's a...
Oh wait, we have breaking news here.
There's a rumor on the Trump stuff right now.
Is there a rumor?
I was looking for rumors.
38 seconds ago. Intel now obviously thread lightly here.
The major update is rumored to be that Trump will announce a
zero tax on crypto catapult games at the summit today.
So that would that is the that would be big. That's the
caliber of announcement I was expecting. But...
I'm gonna... I feel like the market...
I feel like Bitcoin should be higher.
Well, hold on.
30 seconds ago, this post just came out.
I just caught it.
Yeah.
I mean, it's all intel.
Just put it...
Put the one second chart.
See if it reacts if you want.
There you go.
Oh, no!
You're slowing it.
Yeah.
I don't know.
Here, let's leave the one second chart on here while Trump speaks if you want.
And…
I guess the reason maybe it's not moving more is that this is a key…
This would still have to pass through Congress.
So like it's a headline.
It would be something that would likely be three months.
I wouldn't get bowled up without being sure.
That's a big one. If that comes
through, I think it becomes big. It makes Bitcoin a very, very, most of all asset.
Brother. And it makes America even more interesting for outside investors. And then it makes the
rat race to to like, I don't know, just this race to acquiring more Bitcoin gets pretty, gets, gets pretty,
pretty wild.
Anyways, wow.
I'm curious, when are you speaking?
And supposed to be in seven minutes.
Okay, cool.
So we'll monitor live as well as we get Luca and, and Scalera on the show.
What else you got for us, Tyler?
The other Trump news from yesterday.
Oh yeah, yeah, yeah.
Trump media execs. So this is not exactly
I don't know that the inner workings of the Trump media team, the names that I saw in
this announcement are not Trump family members. So this is a little bit disparate, but still,
you know, portfolio of companies, they are reportedly launching a crypto spec. $179 million they're looking to raise to invest in American crypto and blockchain companies.
I didn't have a chance to go super deep into this one, but that's the headline.
I think it's already kind of coming out to mixed reactions or perhaps more negative reactions.
Just getting a little bit... I shared this on exposed. It feels like maybe
Like the Trump family getting too deep into personal crypto investments. It's like kind of money the waters
here I
Think we're all I think most of us I don't want to be for everyone
I think most of crypto Twitter is objectively pretty happy with the crypto policies put
forth by the American government last few months.
They're thoughtful, reasonable, logical, but it gets a little messier when personal investments
are mixed in with all this.
Right?
Like we applauded David Sacks for divesting all of his crypto.
But then Trump's sons are leading World Liberty
Fi. Now the Trump media is launching a crypto spec. So it just makes the situation a little messier.
Yeah. Well, we'll see what that takes. It's a different team, right? Trump media is a whole other.
Is that the arm that owns Truth Social? Is that tied to social the Trump media. Is that the arm that owns a, um, true social?
Is that tied to a social and Trump media?
I don't know the answer to that.
Um, so I've got a little bit more details.
So they're calling it Ronanis tactical acquisition corp and judge about what
they're buying.
It's gonna be incorporated in the Cayman Islands.
Plans complete acquisition through IPO
and private placement.
It's a beautiful day in the Cayman Islands.
Alexander Cano are the CEO, Chair and COO.
All right.
We'll see.
Did that impact their stock?
Cause I know they've got their stock too, right?
I wonder, it was down a little bit today, 0.97%.
Not much.
Not much, yeah.
It's like it spiked up and then.
Yeah. All right. It's spiked up and then. Yeah.
All right.
It is volatile.
I mean, the whole market is even Bitcoin right now is like the wicks are crazy.
So let's see.
I'm really curious about this.
This talk.
I mean, look at the end of the day, like you don't, you do have, um, you'd have a
present talking on a crypto conference.
Right.
So we'll, uh, it's a big deal.
Now, of course you can't really, you
know, make the call on this tax stuff with a Congress, but at the end of the day, um,
we'll see what that, what happens in that front. All right, Tyler,
I'm gonna hear the rationale behind it. It's an interesting headline. It was one that was
a little harder for me to, to like come up with the justification. So I'm curious if
we'll get that. Well, first I'm curious if this is the announcement and how they'll justify it.
So we may very well find out here.
I hate when the announcement or like something of it leaks before.
It's like, you'll let the guy fucking make it the announcement, you know?
Yeah, because people run wild with it without all the details.
Yeah, like it's already happening, right?
But it's just like, you know, just tell us.
Anyway, today's code.
Rafflebot.xyz.
Rafflebot.xyz.
No, let me fuck around.
I have a punk, I have a, I have a penguin for 10% and one for six.
I'm going to remove it.
I'm going to make one penguin for 15%.
Whoa, it worked.
Whoa, can I make it 16?
Let's get greedy.
Oh, there's now a 16% chance to win a top hat penguin.
16 Tyler.
I've never had, I've never made odds that high.
So one six, 16% chances that one of you listeners today is going to win a Pudgy Penguin.
That's a lot that I've never had these so high.
I'm excited already for the thing.
So we have a couple of minutes before I guess join us, Tyler.
So what's Blast up?
I'm curious because you know Blast is still building.
I mean, I know they've got a lot of slack here and there, but hey, like that's a team
that's building in the mobile scene and we know that crypto needs to go mobile more and more because that's
the one thing that we're missing the most.
So what was the news that I'm curious.
Yeah, it was like they're launching an app store.
Oh, well that's what they're calling it.
So basically I think that they got a little bit of criticism right
when they launched their app, they had like the four buttons.
Now there's more buttons and like they're leaning into it they said that
more buttons are coming so right now only select wallets are able to engage
with this app store but effectively like you're in the but you've got your blast
app up you can set your apps that you want to use kind of on your home page and
launch them from there
Which is nice UI, right? And one of the things I've praised abstract for is they're very clean UI
And I think blast doing their own thing in their own way here
I was very surprised that fancy top was not
In their initial screenshot wait, this is true. Oh, yeah
Maybe it's because I got this one thing going on.
By the way, I'm so sorry y'all.
I keep rugged in the space.
Like I didn't say the code.
The code is G myriad.
So I said that we have 16% chance of winning Penguin.
I didn't give you guys the code.
G myriad, G-M-Y-R-I-A-D, G-M-Y-R-I-A-D.
G myriad is the code today. Raffle.xyz there's 16% chance that that you're
going to win a ping.
What up man though?
Hello, how are you?
Are we bullish?
Honestly, I haven't really had the time to look at stuff.
I know you're busy.
Seems like 86k. Wow yeah.
We're not bad. We're not bad. We're not bad. We're looking okay.
What did you think of Powell? Did you have time to listen to him?
I did. I thought he was quite hawkish if I'm honest. I was surprised.
Like he said, look, we think inflation's going
back up. We don't need to cut rates quicker. Like he was objectively more hawkish than
I think markets were hoping, right? But we had a rally, so all good.
Yeah. I mean, we'll see see Trump is set to speak now.
So he's going to get on stage at DAS.
What do we think that is?
Well, there's a rumor that just came out from Intel, classic, saying that it's about to
for the 0% tax on Bitcoin.
But again, even if he were to talk about that, it has to go through Congress.
So that's all we know.
That was fresh off the press like five minutes ago.
Yeah, that's good to Congress.
Maybe they do that.
Maybe they do that.
Or maybe they do tax and sort of tax benefits to crypto, US crypto companies.
Yeah.
It was just a rumor to be that Trump will announce zero tax on crypto capital gains.
But again, we really have to, I love how all this originally, remember,
base carbon made a fake tweet that went viral, like millions and millions of views.
And all the media started picking up on the zero tax on crypto.
But that was before Trump was president.
And then the whole thing was so funny.
So anyway, so let's see that.
Yeah. Speaking of the blasting, Tyler, some people seem unhappy.
Shafted them and blast would be a ghost shame without finding stuff.
I don't know, I haven't followed much but I do think finding stuff technically should have been on there.
I don't know. Let me get Luca up on the stage. I see Skyler and...
Scarlett.
Oh, I say Scarlett. I'm so sorry. I'm so sorry. I genuinely apologize.
Scarlett. Scarlett. I like that. It's a fucking chat name.
Love it.
Uh, let me get Scarley.
I see Scarley in the studio,
but I don't see her camera on.
Is Scarley on or off camera?
Just want to make sure.
Um...
Is Scarley on?
Do I see Scarley?
I see Scarley.
What up, Luca?
Hey, how you doing?
You good?
Yeah, I'm doing good.
How are you doing? Good, good. How I'm doing good. How are you doing?
Good, good.
How you feeling, man?
How you feeling about the market and everything right now?
I'm feeling,
I'm feeling pretty good.
How are you feeling?
I'm feeling great.
I'm always feeling great.
I mean, we're building, right?
It's a builder's market.
So we're always, you know, we're always vibing
and things are popping off on Marriott.
Things seem to be popping off on abstract. So, you know, I'm liking how everything is
running through that. You know, how is that?
How are the USDC bets going?
They're going great. Right now we're what we cross 600,000 plus in volume and that's
still with like really little amount of markets up a little bit less than I wish we had but we're gonna
We're gonna push this a little harder in the coming in the coming days and weeks and then we are about to hit
10,000 USD C traders. So that's the metric that I like a lot more than the volume because volumes whatever it's good
But we're at 9400 traders and signups overall. We must have crossed half a million
So we're definitely we're definitely seeing some stuff.
And we've made about $77 in fees.
So very happy about that.
Amen.
I love that.
And I was talking to somebody about you guys, uh, I think a couple of days ago,
but I think there's like a huge opportunity to like really control like the crypto
Twitter prediction market, cause like, cause I think like a lot of your guys's markets
are like culturally relevant.
And I think a lot of these markets don't have like a finger
on the pulse in terms of culture.
So triple down there.
I think that's a, that's one of your guys's big edge cases
amongst a couple others.
But I liked that when he said that.
100%. I totally agree with
that what up Scarlett I see you on spaces you want me to bring you up on the
video can you know Scarlett what up can you hear me yeah I can hear you guys
hear me you are what's up Scarlett how you doing oh good thanks nice for having
me on dude thank you for coming listen I don't know what you're up to over there, but I know
half my friends angeled in your shit and the other half are playing on Chain Heroes. I
saw Barad and Seed Phrase and all those folks are in. And on the other side, you know, Sam's,
our producer in VP Media and Tyler just can't stop talking about you.
And the FOMO Hour group chat.
So you're obviously up to something really good here with On-Chain Heroes.
So congratulations, first and foremost.
Second of all, Scarlett, why don't we let you introduce yourself and tell us what you're building for the people that may not be familiar with On-Chain Heroes. Absolutely. So I'm Stanley, the founder of On-Chain Heroes,
which is a fully on-chain RPG on abstract. So the TLDR is that we stripped
away, we're trying to build a fully on-chain RPG, but stripping away everything that is
grindy, that is you know time- time consuming and really optimizing for a niche of people with,
that enjoy these high-risk, high-reward type games that, you know, often do not have a lot of time
to enjoy these. And we're also acutely aware that the average D-Gen doesn't like too much reading or too much, you know, whatever. Right. So we're really going for
like a simple stripping away everything else, just leaving the essential elements of an RPG.
And yeah, we partnered with Abstract to launch and, you know, we got really lucky. We found a
lot of success and yeah, that's the TLDR. I love that. How's your experience been with Abstract so far?
Because you know, the people love to hate on the stuff that's working.
My personal experience, our personal experience over at Marriott is that we love it.
But you got Luca on stage, so I want you to tell us.
What's your experience been so far building Abstract?
I see there's a lot of stuff going on there on the gaming side.
Yes, sir.
Our experience has been amazing.
So I joined Abstract's Builder in Residence program.
And what that means is we get a lot of support.
We get technical support and marketing support.
One of the big reasons that we chose Abstract was we were aware that we, like our weak point was distribution and we knew that
Luke and abstract they would be you know, you know, they were the kings at this
right? Yeah. So we knew that we could build a good game. We just needed to get
it out into the hands of people. So overall like a really great experience.
It's great to hear. I'm curious. So you had a lot of success.
Frog mentioned that I covered it fairly extensively.
What went right?
Like,
right.
Reflexing on my last couple months.
Absolutely.
So I think the biggest thing is that so my background is in Wolf game.
So I was studying dead at Wolf game for like two and a half years,
which was like a big 2021.
Yeah, huge.
Which was big at the time, you know, they're still cooking stuff.
But the TLDR is that I've been with the community.
Like I'm literally just building a game that I would want to play.
And it really resonated with our little niche of crypto Twitter, right?
So they want we had massive support from people that have known me for the last three years
You know, I'm not a tourist I've been in the trenches. I've been losing money on the same things as these guys
So that I think they're a really big part of our success
Nice you love to hear that I'm curious. I was chatting with Sims.
He said that you were a Warcraft fan. I'm curious if you drew any
inspiration from Warcraft or any other areas.
Absolutely. So yeah. Yeah. So, you know, I was a big wild player.
I unfortunately don't have time to play these days just because of work, right?
I hope you don't have time to play these days.
Yeah, exactly.
That's probably what my folders want to hear.
But yeah, we're drawing, like, to me, right?
RPGs and, like, idle games are largely a solved problem.
I don't think that we need to try and reinvent the wheel too much,
but rather buy things in the context of crypto where they make sense.
For example, we're dealing with real value,
so everything needs to be on-chain, it needs to be trustless,
it needs to be verifiable.
Interoperability, not something that we're super focused on, but
rather the entire ownership and really leaning into the speculative nature of crypto.
So basically the TLDR is that we take a lot of inspiration and concepts from proven successful
models and just apply them in the context of crypto. And I think that's why we were
able to find some success.
Yeah, clearly the market has responded.
I'm curious, we've talked about your success.
Any lessons learned from the last month from season one
that you're thinking about applying
to season two in the future?
Yeah, yeah, absolutely.
So I think out of learning,
the biggest learning that I had was that people really, really want to have...
When we think about idle RPGs, a lot of people think about just like most games.
For example, V1, where it was just staking or unstaking, that was the only decisions that you had. But our game is built on top of that and we have various trainers that you can
train with that affect your outcome in a meaningful manner. People really love this, so it's a
combination of decision making, risk and RNG. So we're going to lean heavily into this and continue giving players a way to
like meaningfully affect their progress in the game. So not just, you know, staking,
unstaking and like typical like, quote unquote, Ponzi games, but have more depth, have more
decision making and have more interesting on-chain game mechanics.
Yeah, I think that makes a ton of sense.
And I think one of the things I don't know if it should have surprised me, but it did.
Basically like every group chat I was in that men had people playing on-chain heroes.
And this is kind of across a lot of different cohorts of people, builders, folks who are
deep in the meme coin trenches.
It's like a NFT traders, like a huge variety of people were playing this one.
I am curious, I'm sure folks are listening right now.
What's coming next?
Is there anything you can share
about like what the future looks like?
It feels like we're kind of a holding period right now,
kind of waiting for some of the next news to come out.
Absolutely, yeah. So right now we're in an off season,
but we have some really interesting activations coming up.
Like we know we mentioned World of Warcraft in the beginning, right?
So the lore of launch in Heroes right now is that,
you know, our world is going to be under attack by a world boss soon,
and all of the heroes will need to come together and fight this.
Right now, the game started off very PvE,
in the sense that rewards were just distributed from the game protocol.
I'm super aware that this is not sustainable forever,
so we're transitioning into a faction-based PVP type game where you guys are
going to have to, where players are going to have to fight against each other in like a bloodthirsty
on-chain warfare game. Season one was just the introduction of, you know, it was just to launch,
right? Just to launch, get our tokens out there and make a big splash, which we've successfully
done. And now we have the foundation to build
out the next phases of the game, which is coming soon.
Well, I'm sure a lot of folks are excited for that. I've been very impressed with how
the tokens have been holding up on the secondary markets during this kind of low. Yeah. Quickly
folks to move on and opportunity costs. So clearly a lot of folks are ready and willingly
waiting for season two. Well, congrats on a lot of success for season one. We're going
to be excited to see it. You know, I'd love to kind of bring it back to you and kind of
a similar line of questions, but I think we just closed abstract month one. What was it
last week? I'm curious for your thoughts and perspective on how it went and how you're maybe thinking about month two
Yeah, so I think from our side. I think we're really gonna try to lean into a
Couple really awesome social elements
And I think we're kind of on the brink of really doing what I think is probably the most exciting part for us
Which is how do we really bring new people in I think right now?
Portal ABS at XYZ. I think is now, portal.abs.xyz, I think, is the
best zero to one onboarding in crypto. I think it is the best verticalized experience in crypto,
and I think it has one of the best ecosystems. And I think one of the reasons why we decided to
consolidate it into this one singular platform was in part for a lot of reasons.
But I think one of the main reasons why we built abstract the way that we did
was that I always wanted one central destination to kind of push marketing to
meaning it's really easy for me to get millions of people to go to one singular
site, but it's really hard for me to like market nine different apps at the same
time. And in this situation, you situation, now that I think the platform
is kind of at a place where I think it's almost ready,
once we tie in these social features,
which I think will be out in the next two weeks,
I think we'll be at a place where I can sell
to the outside world this new iteration of fun
and social on the internet
and then bringing them into this kind of top of funnel and then them kind of meandering and maneuvering around
to all the different apps,
whether it's OnChain Heroes or Myriad or Gotcha,
or whatever the app is,
I think the beauty of our platform is
I don't need to market 10 different things,
I need to market one central destination, which ultimately then lifts everybody else
So I'm excited for that.
And I think we're finally on the verge of actually doing that.
And I'm really excited for what I think the next couple of months look like.
But first month, there were some bumps in the road.
Today I really believe that I think our ecosystem and what
we've built I think is just completely different than what I think we've seen from previous
blockchains and where they've been going and what they've been building in terms of how they've been
building it. And I'm really excited to kind of scale it up here in the next couple of months.
And I will also say I was hoping it would be announced on this space because
I thought it was pretty cool. Because Farrokh and I had done kind of alluded to this at
NFT Paris. I can't I can't say exactly what it is. Yeah, it should be live in the next
1520 minutes. There's a there's a really big moment I think for for Pudgey Penguins in
the in our ecosystem here
coming in the next 20-25 minutes from an institutional perspective.
Wow.
Oh, are you waiting for DAS?
Is that where it's being announced?
No, no, no.
That was a good idea in hindsight, but it just turned out that today was the day that
I think some of this stuff got filed.
So you'll see it.
Filed?
See, Tyler! I told you. Wait, go ahead, sorry. No, you'll see it. Filed? See Tyler? I told you. Wait, sorry.
No, you'll see it here in a couple of minutes. I don't even want to talk about it until like it's published.
Yeah, yeah, yeah.
So in Paris, there's a viral clip of me and Luca on stage where I asked Luca a question, whatever Pudge, like what's going on?
And he was like something like institution, something, something, Pudgey, Penguin, NFTs.
And then we talked about this guys,
the three of us three,
and then we almost opened a market for it on Myriad.
My call remains, I mean, look, you don't have to unmute.
I don't want to fuck your shit up.
But my call was like,
this is going to be a filing for an NFT ETF.
So that's just Pudgey related, but you're seeing Penguin. I'm like, I know you're be a filing for an NFT ETF. So not just pudgy related, but you're singing Penguin.
I'm like, I know you're close with Ben Akin bitwise.
I'm just saying, I'm just saying bro.
15 minutes.
ETFs.
ETFs, NFTs.
Fuck, we have to wait 15, 20 minutes bro.
It's brutal.
He's going to make us wait.
But that was one of my questions, Luke.
I am curious, how has it been kind of balancing like the pudgy eco
with the abstract eco and like there's this a lot I'm sure
you're juggling a lot of balls. How's that aspect?
Yeah, I think it it hasn't been as hard as I thought it would be.
Because like they're almost like autonomous trains to a certain,
at least Pudgy Penguins is supposed to know,
at least from that perspective,
or sorry, I just got a text message.
But yeah, sorry.
No, but I think it's not that difficult.
I thought maybe it would be difficult, but it's not that difficult.
I think from our perspective, or from my perspective, the Pudgy Penguin stuff is really autonomous.
I mean, there's like 65 full-time people there just marching in one direction.
I think from the other side, there's a...
The abstract stuff, I think, probably takes a little bit more of my time just
because it's a little bit more in its infancy. But I also think from an engineering and from a team
perspective, abstract has like, I think one of the best teams I've ever worked with or gotten to know.
So I think we're on a pretty good free flowing, you know, kind of cadence right now that I think
we're all kind of comfortable
with maybe in the beginning, it was a little bit tough when you were kind of like critically
thinking on everything. But now that you know where both products are going, it's really
just about hard work and marching in one direction.
Yeah, that's good to hear. I'm curious. A lot of balls in the air. What are you most
focused on? Like, what's the number one thing
that's on your mind when you're waking up on Thursday, March 20th?
I think right now everything to me is really straightforward. I think there's one critical
problem that I'm looking to solve on the abstract side that I think has taken a lot of my time,
which is how do you really get the on-chain activity going? And then the problem
there is a little bit harder than I think people think on its face. So I'm
spending a lot of my time I think really kind of addressing what I think the
biggest problems in our ecosystem are and that's probably the first one. So Um, so most of my day, at least in the short term has consist of, um, most of my day in
the short term consists of solving for that problem.
Um, and then as kind of problems arise, I kind of pivot into different ones.
I love that.
I love that.
Well, good luck with everything, Luca.
I can't wait for this announcement.
Uh, look, well, Trump is set to speak in two minutes. I think he's a little behind,
but it's two minutes. So we're actually going to stay on a little bit and see what Trump's
up to. And hopefully Luca's announcement also comes in, you know, at the same time.
We may get that. And we have a loot box spin. Luca today, a lucky winner is gonna have 16% chances to win a
Pudgy Penguin on the show. How's that for odds? It's not bad. Oh, we're now in the roulette now?
We're playing, we play, we do these loot box bins four days a week and we pick a winner,
you know, Tuesday, Wednesday, Thursday, and Friday for someone to win.
So, so we always, we can, you know what?
We should run the, the giveaway right now where we have Luca Sims,
and then stay on a little bit to see what, what Trump is going to talk about.
How's that?
Let's pick a winner.
So every Tuesday, Wednesday, Thursday, Friday, rafflebot.xyz,
we give a quote on the show.
The show code today was G-Mariad.
So let's see. While we have Luca, Let's see if we can been trying for a minute!
Alright, let's see!
Alright, Kolak!
Gotta get your ass on stage this time!
Gotta get your ass on stage this time!
I saw him the last few days!
There he is!
There he is!
Wow!
Talk about... Talk about second chances.
When I was away, this guy won and he wasn't live with us or something happened.
And he's been requesting to speak every day since, Tyler.
Every day. And here you go, Kolaak. What's up, man?
Oh my god, I'm so...
He decided. We love to hear all right crypto survivor, I love your bio. All right, Colac. Are you ready?
I'm ready. Oh my god
He got we you know last time he couldn't make it on stage
So he didn't win this time you hear so look you're either gonna win a Pudgy or a red guy but there's 16% chances that you win a Pudgy penguin
that's right it's a top hat penguin all right are we ready to spin let's go
let's go well you win a red guy congratulations Kolaak you win wow that's a nice red guy
worth a thousand dollars on the show today congratulations Kolaak Wow that's a nice reggae. It was $1000 on the show today. Congratulations Kola.
Thank you so much. Thank you for more. I did it. Yes!
Damn fucking right. You did it man. Congratulations man. Congratulations.
I love to see that. There you go. So we'll get you your Penguin sent to you today.
That's for sure.
Alright, well I guess I'll keep the Penguin in there for the next one.
Markets is selling off.
What is Donald Trump saying?
Is he live?
Let's see.
When's that announcement coming out?
I don't know but well, Farouk, I'll hand it off back to you.
We got to change topics.
I love that.
I love that. Is it? Not right You got to change topics. I love that.
I love that. Is it not right now?
Not right now.
Not right now.
Let's see.
Let's see if Donald Trump live yet.
No, he's not.
I'm waiting for this.
He is.
He said something about landmark stable coin and market structure bills.
They shouldn't include simple common sense rules.
So it seems like he's talking about stable coins.
But where?
Where is it? At BlockWorks.
I know.
That's...
But I don't know.
I'm not in a stream.
But people are tweeting live like they are listening to him.
Who?
Oh, okay.
The Intel page?
Okay.
Trump calls upon Congress to pass stable call legislation.
Intel. Trump says the US will dominate crypto in the next generation of financial technologies.
You know, a few years ago, this would send the market flying.
It's like, I mean, he just started to, I wonder where I can find it because I'm on the block works stream. Let's see.
And that's not somebody else speaking on the main stage.
This is live.
Is it over?
I'm trying to get, I can't get some answers here.
That was the whole announcement. That was a little lame. Hmm. It can be. Uh, some see, that's why I hate those rumor males thingies because
then they come up with the rumor and they fuck it up for everyone. Uh, let me see. Hold
on. Hold on. Hold on. Do we blame Eleanor for this?? She's the one who started this. That was the Intel.
That was not even Eleanor this time.
We like Eleanor.
Hey.
I do too.
I'm joking.
I think she was the one who kind of broke the news that gives address a block works
does calls upon Congress.
Like everyone's I'm getting the same.
Now he's not speaking.
I don't think is someone there boots on the ground
or maybe he's not speaking i don't know yeah well well better than what um goblin town no i'm kidding
you know what's gonna to save the markets?
Whatever Lucas cooking right now.
He's still on stage here.
He wants me to change the topic.
So coming soon folks.
Okay.
Hold on.
Blockworks is tweeting live.
Oh, the complete.
Oh, it finished.
It was a one minute address.
That's not great.
So it's already done. It was already done in the news That's not great. So we're not getting it's already done.
It was already done in the news was the stable coin.
Oh yeah.
He spoke for like five seconds.
Yeah.
Oh, that's it.
Break.
Trump calls lawless operation checkpoint 2.0 a form of lawfare through government weaponization
that went beyond regulation.
He did say they will dominate crypto, but he has been saying this for a minute.
I mean, he's been saying this, I interviewed him.
That's it.
I mean, we always build everything up here is what we do.
But I think it's still it's a positive he dials in for crypto conference.
I would have hoped for a little bit more than that. So this is kind of like a positive. He dials in for a crypto conference. I would have hoped for a little bit more than that.
So this is kind of like a nothing, nothing burger announcement then.
Yeah.
It seems like, was this a little overhyped?
He didn't even speak.
I, they say, what did he end up saying?
That's the same question, Luca.
I'm asking the same question right now.
Cause the, Das was playing it up like he's gonna address and
It seems like he'd sent it like a two-minute video, bro. I'm looking for it right now
Saying buy some on chain heroes. Yeah, he may have said buy some on chain heroes
Scarley's like fucking dancing right now in the studio
The market didn't really sell off too much,
because it's still 85.7 though.
Yeah, nothing bad happened.
It was just like if you thought he was going to come out
and maybe, I didn't buy it.
The reason I didn't buy the crypto tech.
Oh, we have it.
We have it.
We have it.
I have the address.
It was a two minute long address.
Here it is.
All right, just plug it.
Quark's Digital Assets summit. It's an honor
to speak with you about how the United States is going to dominate crypto and the next generation
of financial technologies. And it's not going to be easy, but we're way ahead. Just two
weeks ago, we hosted the first ever White House digitalset Summit, bringing together many of the world's top leaders in
crypto for a conversation led by our White House AI and crypto czar, David Sachs, who's
a fantastic and very brilliant guy.
That same week, I signed an order creating the brand new Strategic Bitcoin Reserve and
the U.S. Digital Asset Stockpile, which will allow the federal government to maximize
the value of its holdings instead of foolishly selling them for a fraction of their long-term
value, which is exactly what Biden did.
He got a fraction of their value.
We're ending the last administration's regulatory war on crypto and Bitcoin, and that includes
stopping the lawless Operation Choke Point 2.0.
Operation Choke Point went beyond regulation, and I mean far beyond.
It was a form of lawfare through government weaponization.
Frankly, it was a disgrace.
But as of January 20th, 2025, all of that is over.
I've also called on Congress to pass landmark legislation creating simple, common-sense
rules for stable coins and market structure. With the right legal framework, institutions,
large and small, will be liberated to invest, innovate, and take part in one of the most
exciting technological revolutions in modern history. It's so big, it's, I think, as big as you can get.
Pioneers like you will be able to improve our banking
and payment system and promote greater privacy,
safety, security, and wealth for American consumers
and businesses alike.
You will unleash an explosion of economic growth,
and with the dollar-backed stablecoins,
you'll help expand the dominance of the U.S. dollar
and many, many years to come.
It'll be at the top, and that's where we want to keep it.
We only want to keep it at the top, always.
I can already see that the energy and passion of the crypto community is the kind of spirit
that built our country, and it is exciting to watch as you invent the future of finance
and right here it's going to be right here in the USA, the good old USA.
Together we will make America the undisputed Bitcoin.
All right, sorry for the people who can't hear on stream but the spaces can hear so
that was the important part.
So basically this was overhyped as if he's speaking first of all. He was not speaking there. Classic. First of all, so sorry to
every participant. And then second of all, it was a 2 minute and 41 second video, which
is great. By the way, I think this is bullish because the president of America is taking
time to make a video again and again. Every chance he has to speak or crypto he speaks. So this is bullish, but
in this Intel page, I mean, what the fuck are you going on about posting this way off?
The price action didn't match that rumor. Yeah. But you know what? 85 eight dude, barely
a sell off 130. I can't just be rooting for Trump to make huge announcements
and trying to move the markets right now.
Yeah.
The other things.
So I think he basically just kind of reconfirmed everything.
You're correct.
It's just kind of just the executive order.
He's just, it's a, it's like a press tour for crypto.
I mean, DOS is a massive, he knows his audience, right?
Like he knows like it's in New York, every single massive institution that is either
in crypto or looking to be in crypto in the USA is there.
It's arguably the largest conference of the year on American soil when it comes to institutions
because consensus moves, remember Toronto and Hong Kong.
So he addresses it.
So for me, the way I read this, Tyler, I think you feel similar to me. This is bullish speaking there, by the way, we're back at 86 K.
Nice.
Yeah.
Only the people who went a hundred X long on the, on the no crypto tax rumor
are wrecked here, so everyone else is going to be just fine.
Uh, I mean, I think the, every time he says that he wants to make America
the most beautiful Bitcoin
superpower and crypto capital in the world, I like to hear that as an American. I like
that he wants people to build crypto companies in the US saying the passion of the crypto
community is the kind of spirit that builds our country. I like that. I'm a guy who likes
affirmation. So I do appreciate that and
I think people who get doom and gloom and depressed from reading crypto Twitter all day dude that you know
They need to hear things like this sometimes
As well, so no major news but continued, you know positive rhetoric
It's good
Yeah, he didn't announce the Pudgee ETF though. So we're still waiting.
We're waiting for that.
It's been 20 minutes, Luca.
I didn't say that's what it was.
For real, maybe we can run this tomorrow.
Yes, let's run it.
Okay, you know what? We'll hold you this, uh, we can run this tomorrow. Yes, let's run it. Okay.
You know what?
We'll hold you up to that.
Let's hold that tomorrow.
I think, uh, I think, uh, I think that was very positive.
Yo, Luca, thank you as well, as usual for, uh, for showing up and supporting us.
Shout out to Abstract.
Fucking love Abstract.
I'm glad we're building on there.
We love it.
Scarlett, thank you so much for today.
What you're building is awesome.
I know that because my team is hooked up on it and they like gaming and they're picky
so that means you're building something good.
Scarlett, congratulations with your success with On Training Heroes.
Tyler, I will see you tomorrow and the rest of y'all 10 a.m. Eastern Standard Time for
the episode of FOMO Hour on Rock Radio.
Let's go. Music I'm going to be back. So
Music Thanks for watching!
