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FOMO HOUR: MARKETS ARE RIPPING, DAILY NEWS AND CLARITY ACT CHAT
Recorded: March 4, 2026 Duration: 1:05:58Space Recording
Full Transcription
Thank you. Check, check.
There you go.
Perfect.
And let's kick it, Charlie. I'm going to go to the next one. What up, what up?
Good morning, good morning, GM, GM, Wednesday, Wednesday, March, I still
can't believe we're in March, man, 4th, 2026, look at that, another beautiful day to have
a beautiful day, I got my co-host in the house, Tyler, good morning. How are you doing today? Absolutely fantastic. Just an electric
morning for crypto Twitter for all of crypto. 8% candles out there. I'm pretty close to God candle
territory. The blood moon is behind us and we are pumping out of it. It's almost like we said it on
the show. We probably gave the most
in-depth analysis of
the Blood Moon, which was actually reposted by
Jack. I don't know if you saw that. The Jack
clipped it.
we analyzed it.
Blood Moon, last Blood
Moon was FTX, I mean, one of them.
And then Terra Luna,
sorry, and then the Lunar Eclipse was FTX, and then the mix of a Blood And then Terra Luna, sorry. And then the lunar eclipse was FTX.
And then the mix of a blood moon and lunar eclipse makes a positive
because their two negatives make a positive.
If you went to school at least or for the first 15 years of your life,
you'd know that, which I assume everybody did.
And there we are.
That's real analysis, right?
No one has a lock on crypto astrology more than we do on Pomo Haram.
That's a fact.
That's a fact.
That's an actual fact.
And after this take, Tyler, I'm going to knock on wood here.
Not jinx myself.
Jinx myself.
But I felt quite a shift since the Chinese New Year.
And we talked about this as well.
We talked about the year of the fire horse and leaving
whatever year it was last year.
Was it Dragon? Was it something else?
Or was it Rat?
I forget.
It was the Snake or the Rat, I think.
I'll have to look it up.
Yeah.
And it was Snake.
You're right.
So it was Snake.
I remember it was one of those bad ones.
And I have to say,
I've felt somewhat of a vibe shift since.
I'm not saying we're back,
but we are definitely at the beginning of the back.
Does that make sense?
The vibes are definitely shifted.
I think the bears are starting to lose steam.
They're tired.
And more bulls are starting to emerge.
And interestingly,
a lot of the triadify folks have been perfectly bullish
slash neutral throughout this
it's been more of a pure
native issue
but even
the folks who are objective running the TA
they're starting to turn around too
so there is definitely a vibe shift this March
I feel it
I love that
I believe it and I see that. I believe it.
And I see it as well.
Anyway, so now on the show,
aside from this analysis that we just gave you,
which I thought was really good,
we're going to talk about the markets, of course,
because that is definitely the most
exciting part
of what is going on today.
We're also going to talk about
whatever Tyler's got in store for us.
Just a lot of other things, Clarity Act,
Kraken, et cetera.
So some, a lot of news left and right.
Then speaking of Clarity Act,
we are going to be joined
with our White House correspondent.
Yes, we are.
The only media company in the space
with a full-blown White House correspondent,
Sander Lutz of Decrypt Media
will be joining us in about 32 minutes
to talk about, from his perspective,
as he's pretty deep in there,
the White House, he's talking to lobbyists, etc.,
what he thinks of the Clarity Act
regarding the last updates.
We saw President Trump talk about it yesterday again
in the middle of a war.
So he's locked in, Tyler.
And then, of course,
we'll be giving some money away
on Yeet.
It is weighted Wednesdays.
So there is
that. It's called FOMO Hour 2. Sign
up. And with all that
being said, well, Tyler, we will
just go directly to you, sir.
For daily
NFT and crypto
analysis.
Tyler, T on FOMO our cause the kid can't miss.
Great bachelor's.
Folks, it is an absolutely electric morning in the crypto markets.
Bitcoin up 8%, 72,075.
Oh my.
Outpacing Ethereum, which is up 7.9%, 2095, right below that $2,100 level.
Solana up 9% as well, just eclipsing 90 at $90.70.
This comes as other markets are green, but not nearly this green.
This is a crypto pump.
Stocks are up a percent.
The Nasdaq's up about a percent or so.
Gold's up a percent.
Silver's up 0.2%. So gold's up a percent.
Stock's up 1%.
Crypto's up 8%.
So we're showing them who is daddy here today.
Some of the headlines on the board.
The CFTC chair, Saleh, came out and said yesterday that basically herps are coming to the U.S.
They want to put a framework in place in the next month or so.
Pretty big news there.
We had Trump posting on Truth Social and waging a little war against the banks,
saying they're threatening and undermining the Genius Act
and holding the Clarity Act hostage.
So pretty strong comments from him.
Sailor's Stretch closed above $100 yesterday with 1.82 million shares sold.
That's important because he raised enough capital to buy about 1,000 Bitcoin, a new daily record, smashing the old record of 787.
And guess what?
Stretch has been above 100 so far this morning as well.
So that ATM is continuing to go burr.
We had Vitalik share some thoughts on Ethereum's place in the world and what good it has caused.
Had Vitalik share some thoughts on Ethereum's place in the world and what good it has caused.
A deep introspective post and then promise to focus future efforts into building a sanctuary tech ecosystem.
So interesting comments from Vitalik.
Tether committed $6 million to the Swiss city Lugano, which is becoming a test case for a city-level Bitcoin integration.
So an interesting story to watch.
And then some breaking news this morning.
Kraken becomes the first digital asset company to get direct access to the banking system.
That was a big one.
In Treasuries and ETFs, Bitcoin ETFs, $225 million in net inflows on Monday.
So the big inflow streak continues.
Saul Balkunas talking about it this morning.
Year-to-date flows are now starting to turn green.
So despite the huge sell-off, the ETFs are green.
Do with that info what you will.
Mara Holdings is weighing additional Bitcoin sales
as they pivot deeper into AI infrastructure
following Core Scientific.
But at the same time, Trump family American Bitcoin
is going deeper into Bitcoin mining.
They ordered 11,000 new ASIC miners
as they lean deeper into that sector.
So established players are leaving.
Trump family's going in.
Interesting set of headlines there.
In token airdrop and protocol news, it was a little bit quieter.
Thrive Capital A16Z leading a $4 billion investment into Andurl
at a $60 billion valuation.
Pull my lucky there.
CZ's YZ Labs investing $100 million into HashGlobal BNB.
And then MetaDAO announced this new Futardio model,
which enables founders to raise directly from their community
with participants also getting rug protection.
So an interesting new model there.
Memes were pretty quiet on the day.
Majors kind of up in line alongside majors.
Nothing really to talk about there.
And then in NFTs, the CryptoPunks app,
nice little update, allowing USDC purchases
for the first time.
So perhaps we'll see new buyers.
I'm not holding my breath for that one.
But overall, huge day of news.
I like that.
I like it when you say good huge day of news
and that your roundup takes like four minutes
from top
to bottom. Mando, good
morning. How are you doing today?
I'm doing great, man.
I'm long.
I'm long.
We know.
We know.
You know me. I'll wait for a breakout. This looks like a breakout.
We like it. We're waiting on the XMR breakout.
It's looking good.
When that shit breaks out.
Yeah, I bought Bitcoin this morning rather than XMR just because that looked the strongest.
Well, back to $72,000. I mean, let's start there.
And then Tyler, obviously you got a lot to go over.
So a lot of topics to cover today.
But let's start with Bitcoin, boys, because this is really the story of the day.
They said at some point it was up on, basically that it was saying Bitcoin's up on rumors
that there could be somewhat of a deal.
But then Hexeth came out and said, this is not what's going on.
And then Bitcoin is still up to $32K.
So what do we make of this, boys?
What are we thinking?
I wouldn't necessarily read into this as a pump for market structure bill.
That would have paused the pump in all the L1s.
And this is a Bitcoin-led rally.
Bitcoin dominance is going higher here, as I said in the group chat today.
So I would have said market structure would be better more for the L1s than it would be for Bitcoin.
I think it's probably
what Tyler said
more than anything.
Like,
what you've actually seen here
is gold and silver
have slowed.
This is
gold down again
on the day today.
Well,
it's holding up,
but like,
definitely not
leading
as it has been for a while. And
I think probably a little bit of rotation. The dollar isn't rallying today, but it's
obviously been on a bit of a rally. But yeah, just in general, this looks like a safe haven
play more to me than it does a market structure bill play. That's what I would say.
more to me than it does a market structure bill play.
That's what I would say.
Okay.
I agree.
I mean, market structure bill is extremely bullish for Ethereum.
Yeah, like if that was a market structure bill,
I'd be like, okay, well, which, yeah, where's ETH?
Yeah, exactly.
But right now, that's not really what's happened.
We've seen a rally in Bitcoin.
Now, remember, this is...
I have bought today just because...
Look at this.
...that's the tweet I posted this morning.
Like, you've got to go for it when it's like this.
But we've hit this level about 12 times in 2024,
and this would be the third or fourth time now in 2026.
So it's one of these ones where like prepare to get hurt, you know?
So where are you preparing to get hurt, Mando? Is it at this level as we're pushing to resistance?
Is it a 75K?
Where are you preparing to get hurt?
We're kind of within the wick sort of level that this is not yet a breakout.
It's here, it's Sims here, right?
No, no, I would look back at 2024 here.
2024, oh, I still have my little... So we're still kind of in that sort of like, we haven't broken out yet,
but like, could we go to 74, 75?
Yeah, I think.
And I, yeah, like, I think we've got,
we've got probably got a little bit more of a leg in this.
We're definitely at the highs of this,
of the last month, right?
So now it's just whether like,
we really are in this 2024 structure or not.
Getting above 75k, there's definitely some air, let me put it that way. So if you get
above 75, you're really talking about low 80s then as the next level.
Whoa.
Yeah. There's a very defined structure here from 2024, which tops out at like 74.
I see.
And then you see if you break through that, like, and there's no real structure there,
like you actually got quite a lot there.
Okay.
I didn't like that.
The boys came over.
Bullish this morning.
There's only one reason for which we're pumping, Mando.
Actually, I think you're quite wrong.
You're not wrong about the pump.
You're just wrong about the reason for it.
After you left yesterday, we had Benny on the show.
Benny.
No, not Bernie.
Benny.
The other retard with the B name.
Of course.
And Benny showed up with a rocket to the show, by the way.
But yeah, he did.
We should check the clips.
Point being, Benny showed up at 67K
and I kid you not, after his speech,
we went on the one-minute chart with Tyler.
The market rallied
and we're now at $72,000.
Nice. Poor in mode $72,000. Nice.
Poor in mode.
Yeah, exactly.
I told him his cabal, they're never beating the allegations.
They're never beating the allegations.
After Benny came on and he started talking about the Jewish holiday and everything, they're
never beating the allegations after that.
Me getting to see the comments right now.
It's just funny.
But yeah, Benny went poor in mode per mode but anyways back to this on a more serious note 72.2 we're bullish tyler how are you feeling flying scoring ripping
oh i feel great one of the reasons why i think this still has legs is there are some real
drivers behind this so like the the biggest macro reason in the world is is it tied to the iran is it
is are there more factors at play perhaps above my pay grade but zoomed in a little bit etfs
massively green again and then stretch i think is arguably the the bigger change in the past few
weeks uh they set the record yesterday did 1.82 million shares volume over that $100 level, which is enough for Sailor to buy about 1,000 Bitcoin.
And it's been above that level again today.
I think it opened with pretty significant volume.
It's just right above the threshold right now.
It's at $104.
Can you explain that a little bit?
Yeah, that would be great.
So Stretch is the Sailor digital credit product is what he effectively calls it now.
And it's designed to trade at $100 par value with monthly rate adjustments that will act as a mechanism to keep it anchored to that price.
That will act as a mechanism to keep it anchored to that price.
So he's been raising his dividend rate by effectively 25 basis points per month to attract more buyers at that level.
Right now, it is 11.5% interest.
So you buy $100, one share, you'll get 11.5% return on that money.
Man, this is the most Ponzi-est Ponzi I've ever fucking heard of, man.
He raises the interest rate until he can buy more bitcoin just keep raising it so good because i think it started
at like nine and then it got to ten that is just so good and now the pitch is it so take this with
grain of salt this is still coming from crypto twitter but it feels like the pitch is getting
out there a little bit um perhaps a little more into tradify i mean 11 perhaps 11.5 yield is good if you trust
that that yield is going to continue he's working this is not me coaching i'm neutral
he is a master of this like he is definitely mastering the ponzi 11.23 25 okay so i know
okay well then what's the other number?
11.5.
It's SATA.
S-A-T-A.
I don't know what that is.
There's stretch.
There's S-T-R-C.
And there's S-A-T-A.
Yeah.
There's strategy and strive.
SATA is strive.
I don't know what strive is.
But it still says 11.49 is the primary yield.
So it looks like there's a couple numbers.
Sad.
But they're churning through the volume.
And then it's basically, it's kind of like the debt ATMs, right?
So the more shares you sell, it gives you the cash to buy.
And yesterday was a huge day.
Looks like today's going to be a big day as well.
Folks have been wondering where to say they're going to continue getting capital.
Like this is the answer.
Good or bad, but it looks like it will continue.
So he's probably putting in some of these candles.
I would imagine.
Wow.
72, five.
So the, I have 72, three is a key level.
That's basically the high since that February sell-off.
I'll see everybody.
Saul Stowe say we need to hold 68K to continue grinding higher.
Wow.
So a couple lines out there to monitor.
Bitcoin, ETH is not looking bad either.
2,100.
They're all moving kind of in lockstep, right?
They're all ETH.
Sol is outperforming again i mean
no you're surprised i said it's sold off the hardest souls up 10 wow again soul tends to
outperform i mean it does get slammed the hardest always but it's it really does outperform quite a
lot and then once again hype underperforming on the big days like hype outperforms when it's a
little more quiet and then underperforms on
the big, it's still at 33. So a huge move.
Notable news for hype was out of the CFTC yesterday.
Debatable if this is bullish or bearish, maybe we can get into that.
So he's a CFTC chair.
He said at the Milken Institute conference yesterday that the CFTC is
working to bring crypto futures to U.S. regulated venues,
expects to announce a framework within the next month.
The guidance is imminent.
That would be bearish, no?
Because that would bring it for the exchanges rather than for...
Bearish for?
Bearish for?
I wouldn't say that's for...
I mean, if I was to read that,
that's for exchanges.
That's not for hype.
Correct.
Right?
Yeah.
So why has someone said,
how is hype not trading at 100 yet?
I would assume that that's bearish for hype.
But that maybe makes sense with the price action.
Yeah, I think there's a debate to be had.
Right.
So the first order effect is certainly it's
more bullish the sexist coinbase kraken um but so far i mean i feel like most of what we've seen is
folks don't really want to trade that's the thing like the hype in theory i would agree but
where i would disagree is the hype numbers of number users is up only yeah i think
that's slightly separate i agree that people like hype and hype is a really good venue i just think
of this specific piece of news is most probably talking about get having that bringing that to
to coinbase and kraken and really buying us so i don't know if that would be bullish. And if that headline was Coinbase to get
SEC regulated perps,
would that be seen as
bullish or bearish for hype?
I think if it was just
said in a different way,
people might be like,
oh my God, that's so bad.
So I...
The counter is if more people
get into the perps game,
more discover...
Yeah, that was the second order effect.
I remember people talking about that last time, yeah.
Interesting.
We also got some Kraken news.
I mean, you just mentioned Kraken.
Kraken today becoming the first crypto exchange
to gain access to Federal Reserve's core payment system.
It's a pretty big deal, though.
These guys are cooking before their IPO.
I saw the headline.
I have not had a chance to dig in on this one.
I guess I don't really know
exactly what this means
and the impacts of this one.
So I'll have to
perhaps dig in a bit.
Kraken's banking unit
has won access
to the Federal Reserve's
core payment systems,
making it the first crypto firm
to be able to move money
on the same rails
used by thousands of banks
and credit unions.
So effectively,
it kind of
become a bank as well.
Is that what it is? If I'm not mistaken?
Direct access to Fedwire.
You can fund your account faster.
Yeah.
Is the primary impact.
That's crazy.
That's actually pretty impressive, man.
Kraken is like...
Kraken's really on it.
They've been on the ball
for like the last couple of years. Like it feels
like they've just been really, really
putting the foot, you know,
pedal to the metal
like they say. Shout out to Kraken.
We need to get this Kraken CEO
on the show, man.
I got a homie that can
facilitate that.
Give me...
There's this...
It feels like there's this broader trend of
some of these sexes are kind of moving
into more like the banking space.
And this kind of leads into our discussion
with Clarity Act and Sander later on.
But the banks
are also leaning into crypto custody.
So you're going to kind of have your choice.
Do you want to trade custody with your bank or do you want to trade crypto with your bank or do you want to trade via your sex and you'll have easier access to your money?
This has kind of got overlooked in the last week.
I wrote about it yesterday, but three major banks made crypto custody news last week.
Morgan Stanley filed an application for National Trust Charter.
They're going to offer custody trading, swap, staking, and stablecoin issuance. Citigroup announced
institutional Bitcoin custody, and then Barclays also sent out an RFI for some blockchain platform
support. So they're putting their foot on the gas as well on that side, even though Trump came out and said, Banks, you're not being very faithful.
You're stopping all this.
And I need to pull up his exact comments here.
We know how Trump likes to talk, but pretty severe. I think one of the first times, I think that's why people are taking notice of this one
specifically is that he came out pretty severely.
Genius Act being threatened and undermined by the banks,
and that is unacceptable.
Americans should earn money on their money.
Banks hating record profits.
It's going to go to China if we don't act.
The bank should not be trying to undercut the genius act or hold the clarity act hostage they need to make a good deal of the
crypto industry because that's what's in best interest of the american people um so that
i mean they're starting to i think you know, we said it yesterday, right? We said crypto has made some concessions.
We know that for a fact.
A lot of founders made those concessions.
And now it's in the hands of the bank.
And then the banks are starting to fuck with the vibes.
And I don't know if you saw today.
I mean, you probably did because I sent it into,
I sent this into our chat earlier today,
but we'll talk about it with Sander a little more length in 10 minutes.
But Patrick Witt, who is the White House lead on crypto,
literally used the term deceit talking about Jamie Dimon.
And this is not a really good look on the end.
We already know there's some beef between Trump and JP Morgan.
But he said the deceit here is that it is not paying a yield on balance,
balance per se, that necessitates bank-like regulations,
but rather the lending out or re-hypothecation of the dollars
that make up the underlying balance.
The Genius Act explicitly forbids stablecoin insurers from doing the latter.
Stablecorns do not equal deposits.
So, you know, it looks like jamie damon demon diamond
anyways i don't really want this back to pass yeah it seems that way and it seems like his
arguments have been fairly weak and that anyone who knows the rules has been kind of coming out
saying that's not how it works. So the stable coin issues are already
effectively being regulated under the
Genius Act.
I'm putting his thumb
on the scale a little bit.
Yeah.
The odds are still
No, don't worry.
Man is like dancing.
When Bitcoin's up 9%
on...
Just taking the piss out of tabs.
Here comes XMR.
Here comes XMR, boys.
We should go back to the board again.
We've been talking news today.
Here it comes.
Bernie's in the chat.
Let's see the ball.
Bernie is probably rich right now, dude.
Bernie's been trading XMR quite well.
I do have a screenshot of the Bernie XMR trades.
I have a screenshot of our quants.
Here we go.
What's the level?
I need to bring up my trading video.
It's like 358 right now.
358.
We've been waiting for this.
This is the level we've been waiting
on. Please, God.
If you hear me.
I see what you've been doing for other tickets.
I need you to do that.
This is literally the level,
Mando. This is the level that we got
wrecked at last time.
This is the one. Let's go.
Let's go.
Everybody manifest.
I mean, a lot of the show, I think, like the listeners are long XMR2 with us.
Yeah.
So this is the level.
You have Ray Dalio going on All-In Podcast and bashing Bitcoin because it's not private.
So that should have been a bit of a...
Bullish XMR.
There's a fundamental bullish XMR.
There's a fundamental bullish tailwind.
That's funny.
For privacy coins.
I think Zeke moved a lot too, right?
Zeke is... I have to say, Zeke moves a lot.
It's up 13% today.
But I see Mando's like a breakout trader.
So that's his shit.
But look at this.'s like a breakout trader. So that's his shit. But look at this.
Zeke always moves more.
It's up 13% today alone.
It just doesn't look as good.
I wouldn't want to own Zeke over this period.
No, absolutely not.
I mean, it's fucking horrific.
I mean, there's nothing else to say.
Looks bottom to me.
Look, it could have double bottomed here.
Mando, I see.
You know what that looks like to me?
That looks like a cup and a handle.
It's just the handle handled a little too low, right?
Looks like a handle trying to find a cup.
That's funny.
Incredible.
So some nice breakouts out there. It looks like a lot of coins are wanting it
oh wow we're gonna hit 73 72 hold on i don't have the bitcoin chart open in front of me oh
i've won a lot of bitcoin today oh 73 there it is wow it looks sweet
this is a nine percent candle now like ten percent candles candles god candles like what's
our threshold for for a god candle this is the god candle no i think it is yeah i mean it right
almost 24 hours since uh we had benny on gave the pep talk. Dude, Benny is Lydia the goat. Like, there's no other way to put it.
That's good.
We are up.
I'm sorry. This is the hourly. Hold on.
Let me calculate.
Wow.
Fuck, dude.
What I have to say is breakouts like this.
This is slightly different than the breakout.
So if I'm...
Let me share my screen.
Yes, please. 15% since the strikes. That's insane. slightly different than the breakout so if you if i'm let me share my screen yes please 15
since the strikes that's insane so as we all remember this was the breakout that i last bought
around there one second one second okay yeah you're on screen i remember it was about 93 and a half
and it when we broke out of this range and it was like right this is going to go up and
my expectation this was going to go up to around 100.
It stopped out at 97.
It was 97.5, I think.
Yeah, 97.5, it stopped out and we didn't quite get there.
I have to say that if you'd sold Bitcoin there, this got a bit early.
If you've sold Bitcoin up here and you see this right now,
you have to think that the level of FOMO is high, right?
Like that there doesn't feel like you really missed much, right? Like you could have waited until it broke back above,
let's say a moving average.
But here, there is a good chance that the FOMO of this
takes you to a high level.
Because a lot has cleared, right, in terms of volume all the way down here.
And you're sitting there saying, oh, I saw Bitcoin above 100K.
And now it's at 73 and it's breaking out of a range that it was in for the last month
after hitting a higher low and then it's just broken
out of this range where it topped out at 71 um and the previous one kind of takes you at least
to be fair like we've actually semi broken above that now so like
it feels to me like i'm just saying i think the fomo of this could be pretty high like um
where's that line there the purple line you got 80 no 76
the next level this would really go to is like this, where we saw quite a lot of fun. It's 76.
Which is where it was in that April.
And we touched it around here.
Remember, like, on the way down here,
we kind of went back up to 80 and then just fully rugged.
But I would say the next level really would be 70.
Yeah, this level.
I should have longed that eth this
morning i saw bitcoin go i figured they're gonna go next um eth is at 21 25 wow what's the clarity
that's odds bitcoin is outperforming the vast majority of the market here pull up ethereum
please? If it's there. Yeah, exactly. That looks strong. It looks okay. It's not the strongest
one I've ever seen. And the reason why is the other way of looking at this is Bitcoin dominance,
which is what I showed you this morning. Bitcoin dominance also bounced from a higher low and then it's going higher here so if this was continuing this
breakout down i'd be like okay maybe not but this also flashed a buy signal two days ago um
so i still think bitcoin's probably your best bet here but that's on a broad basis. One wick
in XMR,
XMR looks
decent.
It's been above this.
It had a retest, a nice little retest, and now it's
breaking back up.
The strongest ones,
not BNB,
Bitcoin for sure
kind of uh
bike still looks strong to me still looks still looks okay there though i agree it's not like the
best performer no happens it's own life like it was running
over the Bloomberg article
the oil trading
over the weekend
Solana looks okay
I picked Solana
over ETH
looking at those two
interesting
yeah
mando
mando
still looks like
it's an upward trend
given the change in news there,
I'm just going to wait to see how that one goes.
And the next one looks strong.
Gash doesn't look strong to me.
Still doesn't look strong.
Sad.
This is not a bad shout.
I've been looking at this one for a while.
Which one?
Zero.
Yeah.
Yeah, dude.
Broken out.
It looks interesting to me That one
It looks so good
Like actually
It looks so good
I like the
I mean obviously
If we zoom out for just like the one
We're still in bearish trends
On pretty much every coin.
That's daily?
Okay.
This is the daily.
So like we're still here.
Yeah, I see.
Oh, wow.
There's just still really bearish trends.
So there's not, the only real one is hype, I think, which is close to being.
Everything looks different.
As soon as you turn to daily everything looks like shit
so what do we need to see on Bitcoin to break the to break that it would be it would be
wow a big fucking move $96,000 that I'm seeing yeah you mean that would be to break the trend
which is something much bigger that doesn't mean you're not going to yeah I mean let that would be to break the trend, which is something much bigger. It doesn't mean you're not going to get... Yeah, I mean, let's assume that...
And let's take this down to where we are maybe in...
Okay, 83.
Like, we're talking about a level where I think by the time we get back up there,
it would be in the mid-80s.
Let's see what you mean.
But for now, it's still quite long.
360! 360!
That's two days of 9 percent candles yeah but this is the main thing i just i would focus on bitcoin dominance
here because that that looking like it's about to break back up is quite a good one that's why
i think this is more around safe haven than it is around anything else so
and you saw it this morning bitcoin at this morning actually did it looked like it was
going to break out and then dip down to like 70 roughly and everything just got rugged
so like i'd just be cognizant of that like yeah this is true i mean the next time bitcoin breaks
back down to the 60s,
everything's going to take another leg lower.
It has been, I feel like.
Yeah.
Apart from XMR.
What's XMR like on your daily?
God, that's not nice.
There's literally nothing that looks nice on the daily.
That's crazy.
I mean, hype is the most comfiest buy.
Maybe gold on the daily. That's it. Even QQ looks is the most comfiest buy. Maybe gold on the daily.
That's it.
Even QQQ looks like
that is a horrific chart
for QQQ.
Jesus Christ.
That does not look good.
That almost certainly
is going to lead
to a stock sell-off
in my opinion.
Like a devoid one.
What does QQQ gold look like
on your daily
Horoku candles?
I mean,
do not fucking sell this thing is what go
wow you had your shot when it went down there i doubled down yesterday on the show when you
set the signal and i managed to buy it 5056 pretty sure that's like the bottom the thing is it could
it could go sideways here for a bit but just like don'd rather own that than usdc like it's been like i was thinking like that's how i would kind of
think about it that's actually how i think about it that's how i treat it now i didn't treat it
that way mando until like last this weekend i was like wait there's war there's all these things
why am i like heavy usdc in my portfolio right now when the dollar is being devalued as well. And gold is like chopping slash up. It's chopping up at least. And I'm like, I'd rather gain one, two percent here and there on
my bag than just dollar devaluing. So really been treating it as such right now. Oh, I see
Sandra in the studio. We'll get you in a second. Tyler, was there any other larger
piece of news, etc., that
we missed? For me?
From either, honestly.
No, like, it's more
headlines already about the war at the moment.
Yeah. And
you know, there's a lot of
this is definitely going to be the longest
conflict that Trump's been involved in.
Yeah.
And I think he's slightly getting caught in his rhetoric here of like,
obviously,
there's a lot of pressure for this to be a quick war.
But then,
and he's been saying,
oh, I think it's four weeks,
but then also wants to purvey
that this could go on forever
and also wants to get a deal done very quickly.
So I think it's going to be interesting
just to see like,
what happens here in terms of getting a deal done.
I mean, there's like,
Iran is doing what it can, it feels like,
but this does just feel like
it's slightly one-sided at this stage.
The main thing is just the Strait of Hormuz,
but the U.S. has sunk.
The U.S. could sink the Iranian fleet tomorrow
if they wanted to.
So they have complete aerial superiority.
So the idea that that is even a threat,
it would really just be like land attacks on ships, really.
I think that would be the main worry here.
But remember, the Strait of Hormuz,
it's quite a big thing for Iran to fully close
because it doesn't just hurt them.
It hurts any of their allies.
So like China, Russia, and anyone that is strategically important to Iran
is putting a lot of pressure on them not to do that.
Not to do that because it would be a big deal for them.
So yeah, like I don't necessarily think that that is like a long-term threat from Iran.
Let me put it that way.
I just think they should be coming.
I thought for a while, the fact that a deal wasn't made,
it's kind of wild to me.
Let's see.
Yeah, indeed.
All right, Ty, anything else?
Sander's ready? I have a lot of thoughts, but let's bring Sander up, anything else? Sander's ready.
I have a lot of thoughts, but let's bring Sander up.
Let's bring Sander up. People start for tomorrow. That's perfect. All right. Well, there he is. There he is, the man himself, Sander Lutz of our very own Decrypt Media, also a White House correspondent. Sander, GM, how you doing?
Sander, GM, how you doing?
What's up?
I know, I will say off the bat, I know very little about the Iranian Navy, so I will not get involved in that conversation.
But beyond that, yeah, about a crazy week in every possible respect, as you could ever imagine.
Yes.
You must be busy here.
You guys are out crazy and staying busy as well.
Sander, you are our very own White House correspondent on behalf of Decrypt.
You are boots on the ground pretty much for the role of crypto when it comes to Genius Act, Clarity Act, and a lot of the stuff.
You get to chat to a lot of the lobbyists, a lot of the politicians, etc. at the White House. I think you were just there,
last Friday, which is why we couldn't get you on. So what's the latest? Maybe we can take us
through the updates that we just got maybe in the last 24 hours regarding the Clarity Act. I think
we saw obviously President Trump make some comments and some other people, part of his
administration. What's the latest? Where are we at? Yeah yeah i'll take you through the last few days
because they've been insane and i will say the one thing i'm sure the four of us can probably
agree on is no matter what you think about the the clarity act and its odds of passage which i'll
get into and share my thoughts the movie version of how this all is going could pretty much not be
more dramatic than it currently is so they're really cooking up a great uh third act here for this
movie regardless of what the final uh final shot's going to be um so i'll let's go back to friday
because that's when stuff started getting really crazy so the white house as i'm sure a lot of your
listeners are are plugged into have been holding these negotiations between the banking lobby and
the crypto lobby and there's this tension between the two sides that's the main thing and the crypto lobby. And there's this tension between the two sides.
That's the main thing, not the only thing, but the main thing that's holding up the Clarity Act
right now. And it's all about stable coin rewards. Crypto really wants them, especially Coinbase.
The banking side really doesn't want crypto to have that. So the White House said,
and has been saying for weeks, we need a deal done by March 1st.
The reason they're saying that is because Congress is going to grind to a halt pretty
soon.
There's a little disagreement about when that is, but by April or May, definitely by the
end of May, nothing's happening in Congress because of the midterms coming up and everyone
getting distracted about raising money for their own races and defending their own seats.
So if something's going to happen this year, it's got to happen this spring.
That's the situation. So the White House said, we need a deal on this by March 1st.
So on Friday, March 1st was coming up pretty soon, and there was crickets about a deal.
So on Friday afternoon, I spoke with one of the main banking side negotiators
in this conversation, I mean, in these White House meetings.
And I asked them, like, hey, I haven't heard anything. Is there going to be a deal?
And the banking side person kind of went off and was like, nope, there's no deal at all.
They keep saying we're close to a deal. We're not close to a deal.
It's obviously the banking side. So they're saying their side and they're saying Coinbase isn't negotiating. Coinbase isn't even starting to give up what they want.
And until they do, honestly, this is what the banking person told me. It's like, we want a deal
here. We want to reach a negotiation, but we're not close to one. And in our view, the banking
side's view, if this isn't fixed and done and passed by April, it's not going to happen.
So I get off the phone and I'm like, wow, OK, that's saucy. And I post this on Twitter on Friday
afternoon. And what I had heard from this banking side person, I don't know if you saw, but
everyone in crypto went off. The White House, Patrick Witt, who's in charge of the President's
Council on Digital Assets, David Sachs got involved, every major crypto lobbyist, Andreessen Horowitz,
Coinbase, all getting kind of pissed and saying like, this is totally an unfair characterization.
Coinbase has been at the negotiating table. The White House has been great.
It's really the banks that are holding this up. But it's funny, there was so much pushback and
so many people were like, quoting what I what I posted. But the one thing no one pushed back on
was the fact that they weren't close to a deal. No one seemed to dispute that, which was kind of
the interesting signal in all the noise.
Then you saw it continue to get more dramatic after the March 1st deadline passed over the weekend, because now it's getting hot in the room.
Now it's like crunch time, right, because there's supposed to already be a deal.
On Monday afternoon, you had Jamie Dimon, the most powerful banker in the world, the CEO of JPMorgan Chase.
He was asked about this by CNBC. And he did not
sound like a guy who was close to a deal. He was saying, hey, Coinbase, if you want to become a
bank, become a bank. Otherwise, F off, basically. And said, we have to deal with all these regulations
on our bank accounts that offer yield. It would be totally unfair if crypto companies get stablecoin rewards.
And he used pretty stark terms. He was like, if this happens, if this status quo is allowed to
continue, the public will pay. Things will get bad. Like kind of like Jamie Dimon foreshadowing,
like this could like mess up the whole economy. So like that is not the sound of a guy who's like
close to signing a deal because the banking trades are not going to do something that Jamie Dimon, the most powerful banker in America, is not cool with.
I mean, I'm just saying that myself, but I think that's a fair assumption to make.
So you have that on Monday.
Jamie Dimon going off.
What do you have yesterday?
Things go even crazier.
One, some crypto people go to the White House.
Brian Armstrong, Coinbase CEO, is at the White House. He meets with Trump yesterday afternoon.
Politico first reported that meeting. And then, as we all saw early evening yesterday, you have Trump himself on Truth Social posting,
getting into the nitty gritty, into the trenches,
talking about the Clarity Act, talking about stablecoin rewards, saying that the banking lobby is holding the Clarity Act hostage. I mean, really, really about as stark as terms you could
get from Trump himself wading into this and fully taking crypto's side and fully dunking on the banks so that was last night so the question is where are we at
um now i know faroq you want some good news here but it is my solemn obligation to give you the
truth wherever that may lead um whatever whatever the truth is sander yes whatever the truth is wherever it shall lead us
so like okay you see trump posting you see trump posting about the clarity act and you're like okay
could there be a more bullish signal than that i wouldn't be so quick to come to that conclusion
like i was just speaking right before this with someone on the crypto side whose opinion i really
trust about this stuff like a top policy leader and them, like, what do you make of this? And I imagined what they were going to
say. And they said, the most important thing to take away from Trump's post is that it is even
further proof that we are nowhere close to a deal. We would not be doing this if we were not really
far from a deal. And I think that that's true. I think since Friday, since I heard
that from the banking side, nothing has changed. And Jamie Dimon's comment only reiterated that.
The question is, does Trump applying pressure like this move the banks? Does it get the bank
sweating? And I would say you've seen past situations where Trump does something like
this, goes hard on Truth Social, and it gets, you know, Republicans in the line, gets them to vote for
something. But the thing is, you're dealing not with legislators right now, you're dealing with
the banking lobby. And the question is, like, does this move them? And a couple of people I've
spoken to think this doesn't really change the underlying dynamics. I mean, the whole thing
about this negotiation is that it's kind of a zero sum game. The whole idea of a compromise here is kind of a funny thing to wrap your head around because the banks don't want you making money on your stablecoin rewards only for like very small things like transactions.
But like they do not want you making money on just your holdings of stablecoins.
And Coinbase and crypto can come up with some clever language. But at the end of the
day, those companies need, feel they need you to make rewards on just the stable coins you have
and that you're holding. So like the idea that there's something halfway between we need this
and we can't have this is like, I haven't heard from anyone what that language would be.
And Trump and the White House have said crypto is giving up on things.
But then the banks say, well, those are still loopholes.
So basically, that's the state of affairs.
And I'm not saying this is not going to happen.
I'm not saying there's a path now with Trump, the president,
applying a ton of pressure to the banking industry.
Maybe something happens.
The thing I will say, though, because it's been driving me crazy, is the polymarket market
about the odds of the Clarity Act, which has been having this at like 76% odds.
I'm glad you did.
This is all just to make my peace on it.
And I'm not betting in this market.
I'm not participating in it.
But it's just been driving me crazy because anyone who actually understands what's going
on here, I've never seen a market more off from reality.
After Brian Armstrong pulled away from the bill, serious people knew that the odds of
this passing were at like 10%, maybe 12%.
Since then, they have gone up.
But where are they now?
I'd say 30% on the best possible day,
35%. The idea that this is a slam dunk that's overwhelmingly likely, I think is just like,
I don't know who's betting in this market. But if you talk to anyone serious in DC on either side,
it's not 76%. Are you telling us to take the no side here,
Sandra? I am not giving any financial advice.
Are you telling us? Am I putting my life savings on the no side here, Sander? I am not giving any financial advice.
Am I putting my life savings on the no here?
Mando, you caught that, right?
Not financial advice.
Feels that way. Feels that way.
But deals
like this always feel like they're never going to happen, and then they haven't.
Like,
he's got a lot of things that
he could threaten both sides of it, I feel like.
My concern with this market, first off, Sander, you're an incredible storyteller.
You've done a fantastic job walking us through that.
I'm ready to go see the movie.
I'll buy my tickets right now.
On that market specifically, if the market was by the end of spring, I'm probably heavier on the no side.
But it just feels like there's still so much time into the year.
I don't know.
But I appreciate what you're saying, that it has to get done in the spring or it's not going to get done.
But I've been surprised by the odds as well.
I just figured someone knew something that I didn't know.
But also, the market's not super liquid.
I mean, 300,000 volume is decent.
It's not super liquid. I mean, 300,000 volume is decent. It's not crazy.
Yeah, but like every day I'm on Twitter and I see like some random crypto news account being like,
I have heard a rumor that this will be done by dinnertime today.
And it's like, no.
Well, that's fair.
Maybe not that.
Yeah.
You don't seem convinced convinced about a spring approval,
let's say pre-mid terms approval.
I'm correct.
I don't think I'm...
I would not say I'm convinced.
I'm not saying it's impossible.
This could very well happen.
You have some very powerful people,
including the president of the United States,
weighing in fully on crypto side.
That was a big shift, I think, right?
Yeah, but the banking industry, like you have now the intent, these are powerful people.
Like this isn't like, here's what I'll say.
Like, you know how I said there's multiple hurdles to the bill?
Like there's this yield thing.
There's the ethics stuff.
Like do the Trumpumps have to divest
from their own crypto companies democrats want that there's a few other things like d5
if it came down to any of those other things i'd be pretty convinced this bill was going to pass
because like the ethics things it's like the democrats always talk a huge talk about trump
related stuff and at the end of the day like you saw this with the genius act um you can get
them to kind of walk it back okay but if it was just the democrats holding this up um i'd be like
way more confident it's going to pass but the banking industry is like powerful seriously
powerful and they've been powerful for a long time and i've even heard that like
not to get more into it but it's like it's interesting seeing the dynamics and you have
crypto and the banks in this room with the white house i've talked to people on both sides who are
in that room the banking side is just they've been doing this for a long time and like crypto is like
everyone's jumping right onto twitter and being like i was in the room today and it was really
awesome blah blah you're not seeing that from the banking side.
They know what they're doing.
They also have an incentive to get a bill passed here, right?
They want a deal because leaving it as it is ingenious
with this loophole that allows Coinbase, for example,
to continue to do stable current rewards. That's not ideal for them.
But then there's also this question of, I think, do they want to lose this fight again?
And then also give crypto a ton of other favors in the Clarity Act and basically be greenlighting an industry they see as a threat to themselves to kind of have this like really nice regulatory path to being very competitive very quickly and being very like mainstream.
So I don't know if there's – what? down to it this is this could be the beginning of the end of their like you know strong grip
on the system the clarity act which is probably why they're fighting with their yeah and they
they feel a lot of resentment also i mean some people in crypto will disagree with this
this characterization but they feel the bank the banking side feels that like crypto is doing a lot
of other stuff that they already do by another name and getting to deal with a lower regulatory bar.
So how many billions of dollars does Wall Street spend on compliance and on having everything buttoned up and tied up and all of that stuff?
that stuff and they feel i think pissed off at the idea as they see it that like crypto could do that
stuff in a more efficient quicker way that's also way cheaper for crypto on the regulatory side
um the one thing also i don't mean to get too too inside baseball but to get into everything
um in terms of like this it's funny that we like we're talking about a bill and like the senate
isn't even involved with it right now which is also kind of crazy because usually like Congress
does to like, at least pretend that like they're the ones writing the bills. But now you're just
having like banking and crypto slapping each other in the face and like going after each other. And
like the actual senators whose actual votes on this actual bill are what matters. They're like,
like they had Democrats at a meeting like last week to talk
about this. And they're like, yeah, I guess we'll see what banking and crypto do. Like they're just
sitting there with their hands in their lap. But the thing, the point I was going to make is
one of the key senators on the Senate banking committee who is taking the bank side and has taken the bank side isn't a Democrat. It's a
Republican, the senator from North Carolina named Tom Tillis. Yeah. But so he's like close with the
banking industry and he was getting really involved over the stablecoin stuff. The funny
thing about him, though, I don't know if you'll see him elsewhere on social media. Trump hated
this guy so much
because Tillis even though he's Republican was kind of pushing against Trump uh last year hated
this guy so much and and pledged so many times to like run a challenger to defeat him but this guy
Tillis like last year said screw it I'm retiring after after this year uh or when it turns up I'm
not even going to stay in the Senate, which
has created this weird dynamic where now he's just going off.
Like now he's just saying whatever he wants.
Like he was yelling yesterday in the Senate at Trump's head of Homeland Security, Nome,
like yelling at her, pointing at her.
It was insane.
Talking about how she killed her dog, which is, and like saying that she should she should which was a whole other thing and saying that she should resign or be impeached
but basically so this guy tillis is like going off yo is yoloing right now and so it's like who
is trump who does trump need to convince about this it's not republicans it's a handful of pro
crypto democrats who care about the banks and another rogue Republican.
So it gets back to the question of like Trump is applying a ton of pressure, but where does
that pressure actually go?
Yeah.
Just for more context.
Okay.
We're going to find out.
On the surface, it seemed like maybe we were making progress, Sander, but then after hearing
this from you... I don't need to get anyone cynical on this beautiful wednesday morning but just so you have the full context
i mean my my read had been like these two groups like i've been reading every week i read your
articles like okay they met again great they're nice to each other no progress it really seemed
like there had been no progress and listening to you you kind of paint the story like this is a
this is not a compromise bill.
There is going to be a winner and there is going to be a loser.
Yeah.
And when you think about that way,
if you think about that way, it's hard to,
now you understand why this deal might very well not get done.
And the White House keeps saying,
and crypto keeps saying, there's a win-win-win here.
I mean, that was actually the question that set Jamie Dimon off on Monday.
The interviewer was like, hey, Brian Armstrong said this could be a win-win-win-win-win-win for everyone.
And then that pissed off Jamie Dimon enough that he started ranting for like three minutes.
I mean, the banks don't have anyone's best interest at heart.
And definitely don't want this crypto industry to win.
And this is what
we're going to win. Right, Sander?
It's going to pass. Your polymarket bet's
going to hit.
Listen, I'm just saying there's a big
discrepancy
between what you're saying
and what the streets are saying.
Hey, man. Hey, man. I'm no financial advisor.
You know?
But absolute cinema, right?
Absolute.
Yes.
If that's what you care about,
then that's what we definitely have,
and that's definitely what we're going to get
over the next few weeks.
I like that.
We've had a lot of stuff happen in the last 24 hours
between President Trump, Patrick Witt, and Jamie Dimon all in a day's time.
So, Sandra, I think you should come back next week and just give us the weekly update or something at this stage because it seems like you go quite often to Washington.
When's your next trip out there?
I'm going to be there in the next week or two.
I'm also going to be moderating at the – what's it called?
The Digital – oh, Digital Asset Summer to Blockchain. Whatever the – it's like a big – it's a big policy. moderating at um the what's it called the uh digital oh digital assets somewhere to blockchain
whatever the the it's like a big um it's a big policy conference um that's the third week of
march um so i'll be down there on the ground with all these players um but i will say i will say
yeah again maybe i'm wrong but i don't think I am. It's March.
If we're still having this conversation a month from now,
this thing isn't happening in 2026.
I'm pretty confident about that.
All right.
So this is the month to lock in about this narrative.
It's going to happen.
It's going to happen.
So Sander looks...
You heard it here first.
So kindly change his username before coming on the show
Yeah, that's what I was going to say
Take everything I'm saying with a grain of salt
because I didn't know until an hour ago
when Froke told me that you can change your Twitter username
We're going to miss the slump Sander
Once ever
Tyler was like, where the fuck is Sander's handles, dude?
I'm like, dude, I can't find it either
I was like, okay, we got to change that
So Sander underscore Lutz of our very own Decrypt Media.
Thank you for coming, Sander.
Thank you, guys.
Yeah.
All right.
Incredible.
We got to get Sander on more.
I love Sander.
I get to work with him a lot.
He was with me at Mar-a-Lago when we did the President Trump interview.
He's always out here with me.
He's great.
He is great.
He could be on CNBC.
This guy is incredible.
Yeah, I know.
He's really good.
There's a reason why we gave him the badge
so that he could go to the White House.
So he's been going a lot.
I forget sometimes,
forget sometimes, but he's been using
but he's been using the badge a lot for the White House.
the badge a lot for the White House. We have
We have constant access there.
constant access there. So, it
is very,
very, very
good. See, let's
give some money away. Let's
give some money away.
Weighted Wednesdays, right?
Got a little weighted wheel?
Yep.
There we are. So, that's the weighted wheel? Yep. There we are.
So that's the weighted wheel.
All right.
Oh, wow.
Oh, space bar.
Oh, wow.
All right. How about that? Space. Is that space? Space bar. Oh, Spacebar! Oh, wow! Alright, how about that?
Space...
Is that Space...
Spacebar, oh yeah.
That's Spacebar!
That's Spacebar.
I think it's a bot, right?
I think we gotta re-roll.
Is this Spacebar a bot?
You're joking, right?
He's like the red guy who's always chatting.
I know that I'm chatting.
I can't tell, but there's so much
the bot comments, they
tilt me. I don't like them.
Tired of me.
I don't like the bot jokes.
Chad, I'm talking to you. I don't like the bot jokes.
Not for the bot jokes. What do you want to play, Spacebar?
Yeah, this fucker's always making
the bot jokes about everybody else.
He's the number one
perpetrator of the bot jokes. Yeah, no, he's literally the fucking guy. I was like, bot, bot, bot, dude. He's the number one perpetrator of the bod jokes.
He's literally the fucking guy.
Bod, Bod, Bod, doing this a fucking hard time.
All right, Spacebar.
Whoa, not $200,000.
All right.
Take it to the barn.
Spacebar.
Did you see Wiz? So Wiz had a game where he
obviously cashed out, but had he gone all the way,
it was like a $7 million win.
Oh, yeah. But, you know, could all the way, it was like a $7 million win.
But, you know, could have shut up,
of course, but... What a coward.
$363.
Wow, $363. This is it.
This is the $363.
We break that and we're money.
Fuck yeah!
Feels good to hit on a couple
trades in this market.
Not big, but, you know, God knows I could use
the wins. Alright, to the tracks.
Let's go, let's go, let's go. Easy one,
easy one, easy one, easy one, easy one!
Wow! Clean board, Spaceborn!
Clean board!
Baby!
On a God Candle day, you are not going to cash out on god candle wednesday
on a clean horn now i mean we can bully him a little bit next one to the horn you gotta be
kidding me and he's a wrecked trillionaire so we can totally bully him next one to the barn
no you this is the one you take to the barn and you catch the next one.
I'm not cashing him out.
Let me get it.
That's what he wants.
Yeah, but we're changing his name.
It's no longer Space Barn.
Cash Barn.
Cash Barn.
Space Track.
Watch this.
This is going to be a barn.
Wow.
It could have gone, though.
Yeah, I think we would have stopped at $1,400.
He could have at least gone, like, here.
$1,400, $1,800.
All right.
So what do you want to do? We told you.
What?
We almost...
We could have...
All right, so now he wants to go to the barn.
All right.
Now he wants to go to the barn. Let right. Now he wants to go to the barn.
All right.
Let's go to the barn.
To the barn.
To the barn.
You're never going to get that.
You motherfucker.
All right.
It's still a nice day.
He won, what, $1,200?
$1,200?
Listen, it's still $1,152.
So money's money.
That's a lot of Rekt token.
With that being said, we will see you all tomorrow morning,
10 a.m. Easter Standard Time.
Peace out.んん
ん Thank you.
