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FOMO HOUR: MARKETS BLEED, NEWS AND ACE TRADER COMP
Recorded: Feb. 4, 2026 Duration: 0:56:10Space Recording
Short Summary
In a recent discussion, crypto enthusiasts explored significant market movements, including Cathie Wood's $72 million investment in crypto stocks, Y Combinator's new funding initiative for startups, and Vitalik Buterin's critical stance on Ethereum Layer 2s. The conversation also touched on the bearish sentiment surrounding Bitcoin and Ethereum, with predictions of further declines in their prices.
Full Transcription
Music Check, check.
All right.
This is perfect.
And okay.
Everything's rolling.
Let me put the video on the left side of my monitor.
Let's ping. Oh, oh, oh. oh oh I did something wrong okay perfect boom let's ping Mendo with the band oh and I let's kick it let's kick it Charlie Thank you. it oh oh
What up, what up?
Good morning, good morning, GM, February 4th, 4, 4, 4, 4, 4, 6, good afternoon.
Another beautiful day to have a beautiful day.
I got my co-host in the house, Tyler Mando with the bandos.
Good morning.
How are you guys doing today?
What a wonderful day to be involved in cryptocurrency markets.
What a wonderful day.
This market is dumping, but my hyperliquid bids are refusing to hit.
I have bids. I have an immense amount of bids.
And this shit just won't break below 33.
It's impressive.
It's impressive. Well, I'm sure we'll talk about that
and yeah another beautiful day to be involved in the cryptocurrency economy indeed as metals
go higher and our bitcoins and our solanas and our ethereums um grind lower tyler come on i didn't
say i'm good as good as possible you know i feel like i'm just immune to the number on the screen
at this point.
It used to be like the first thing I'd roll out of bed, check the phone, check prices.
That's no longer the first thing I do every morning.
So perhaps a sign of the times there.
It does feel like that.
It just wants to rip again lower.
Like, it just gets that feeling.
It's like, we've accepted our faith though, right? Like, if you listen to the show, I think this show has become like almost like therapy hour.
Although this is non-medical advice by the way um it's just like if you hang out with us every day
for one hour of the day we're in the first half hour which is the market part i feel like you're
less stressed out i mean you guys let me know there's a lot of like usual suspects like we
have at least 100 200 people that come out every single day since five years is that how do you
feel as much stress as if you did?
Because we've kind of been numb to this, all three of us.
I'm still getting ranked, don't worry.
But I'm numb.
I don't feel it.
And your boy is number 10 in the eighth grade of competition right now.
Oh, God, yeah.
I forgot.
I did one trade yesterday where I tried to long Solana
and I just immediately cut it.
I'm cooking this.
This is not the time.
You could stop trading here
and you already beat KBM.
Oh, really?
KBM lost by self-immolation.
I told you not to do much.
Just wait him out.
Yeah, just wait him out Just wait him out
But it would be fun if you play
I'm trying to get top 8
So it would be fun if you try and get top 8
Because then we go to the next level
But then at the end it would be nice if you don't actually
Because I kind of want to win the million thing
Actually Mando you don't have to trade anymore
I have to say
It sounded increasingly like a job
As it went through the rounds
I have multiple jobs
You do
I did say this to
Stats
If it was a million dollars
Yeah, I'll go for it
If it's a million dollar job You get a million dollars yeah yeah i'll go for it but if it's a million dollar job
you get a million dollar trade fund and you keep 90 of the money you make
yeah but what what what if you lose money i think it's like well then you you lost i think it's like
the maximum you're allowed to lose is like 25k am i I wrong you saying that? Yeah. You know, I don't know.
Not a lot of a million dollars, but I guess...
We don't lose, Mando.
This is great to do this smart.
You probably could hedge going to Hyperloop
and put on like a million dollars the other way
and then just...
That's true.
But I think you would get potentially stopped out
at that time.
Well, when I win the
competition, I'll be calling you to
help me turn that million dollars into more.
Solana is literally going to
zero.
I do think
we've hopefully
saved this show
some money.
I did say that I did think that Bitcoin bounced to 80k.
It did not.
It just put in a lower high and then a lower low.
Well, let's get right into that then.
I did say that everything was going a lot lower.
You shouldn't buy this market.
I know.
There's a little voice about
so in part of the competition earlier when solano went to 93 i was like let me long this and then
the voice of mine went do not catch a fallen knife and i was like do not catch a fallen knife
so i did not so anyways today on the show markets so we already are in there so we'll go straight
into the markets guys um then tyler's topics we couldn't yesterday but god yesterday was a good
show man so it's kind of worth it um so great conversation so we'll go through tyler's topics. We couldn't yesterday, but God, yesterday was a good show, man. So it's kind of worth it.
So great conversation.
So we'll go through Tyler's topics.
Cause a lot of stuff was Vitalik,
Vitalik.
We got to talk about that.
Going on.
Then we'll go by Kalio.
Kalio yesterday was first.
Today.
He's a hundred and second.
so he's still coming on.
We're not rescinding his,
his offer to come on the show.
Cause we really like it.
It's rescinded, Cal.
Yeah.
Thanks.
So he'll be coming.
He'll be coming in 20 minutes.
Look, he's a good guy.
Okay.
He spends his morning doing Bible study with a group of kids that need it.
Like he's as good as they come.
Right.
So I was like, dude, we love you.
You can still come.
All right.
And then we'll go to a giveaway.
And then I have to, I have to cut the show at the top of the hour of a meeting.
So that's about it.
So with that being said,
Mando with the Bando.
Who is the man,
black old daddy of the land?
Can you dig it?
Really?
You know,
we're still in crypto, guys.
It goes lower every day. What are we doing?
What are we fucking doing in it?
Lower again today.
Bitcoin touched 72K yesterday.
Bounce back to 77.
We're now attempting a higher low.
That being said, Solana put in a lower low. That being said,
Solana put in a lower low
pretty aggressively.
ETH feels like it's on the precipice
of a civil war
with what the coins said yesterday.
And yeah, old coins look bad.
They look bad.
Apart from hype,
which is actually one app making money.
Pump also looks relatively
okay, I would say, at least holding
onto it to a level.
But everything else looks pretty bad.
There was some worry yesterday
in software stocks
again, just with
the move in by
Claude to allow it to plug
in for its
software.
But we did see a little bit of softness in TechSox.
There's a few people who are really bearish on the market
here, on the TechSox side.
And some of these have broken down, not great, but it continues to be ETH.
Sorry, it seems to be crypto,
which is carrying the brunt of any headline.
You know, war in Iran, crypto sells off.
Golden falls, crypto sells off.
Software sells off and gold rises, crypto sells off.
Jensen Huang says he's not talking about how Sam Maltman,
Bitcoin sells off.
Yeah.
Why not?
Of course, right?
And then Jensen Huang says that actually there are good terms,
Bitcoin sells off more.
Of course.
Money rotating AI.
You want to bring up a monthly chart on me?
I don't actually, but sure.
Yeah.
Okay.
You know what?
For the sake of the show. I do. Not. Sure, actually, but sure. You know what? For the sake of the show.
I do. Not sure.
Oh, for this.
Okay.
Look at that.
Straight months are down here, guys.
I mean, there's Tyler here.
There's still hope.
There's still hope.
What a double tip, eh?
What's the abandon all hope?
You enter here line.
I mean, it's probably $1,300 after this.
You're like, fuck this thing.
So Bitcoin's on five months down.
Solana is on.
How many months down for Solana?
Mine is also on five.
Ether's on six.
Solana, like, you just got to be sitting there and praying at this stage,
because the other thing is we're starting to hit the levels
where all the FTX sales happen, right, for the estate.
Oh, is it? I didn't know that.
Yeah, between 90 to 120 is where the majority of the sales happened.
We've now started accelerating below them.
So interestingly, Solana is selling off the most at the same time as funding being very negative.
And I view that as maybe people are like, fuck, we hate to stay out of this thing.
I'll expect.
Hype looks so good.
Stop.
I have so many bids on Hype.
This is the only thing I bid.
And nothing wants to hit.
Nothing wants to hit.
$28 all the way up to $31.
Even last night, I went all the way up to $32
and I couldn't get a bid on that.
I woke up.
I was like, what? I went to went to 30 to five it came close what i think's about to happen
i was like in this move down you can always get bounces so like i thought we'd go back to adk and then dump i still think there's that like any one day you could see bitcoin bounce
I still think there's that, like, any one day you could see Bitcoin bounce, you know, 5%.
But I think we're heading to lower.
I think we're heading to the 60s.
Sol, I think it's heading to the 80s or 70s.
And I think ETH is heading sub-2k.
What do you think, Tyler?
What do you think?
What's your read?
How you feel?
What do you think is about to happen?
I'm seeing all these posts that Bitcoin is the most oversold it's ever been.
And all the RSI quants are coming out of the woodwork.
And yet it still goes down every day.
So I was hoping the bottom was in yesterday.
I caught a late long and got punished for it in the ace trader competition.
Are you out?
but I'm down a lot,
unfortunately.
So we got a long road on the show.
It's an 80%.
So as for my personal view,
I think probably it goes lower.
It feels like into the mid sixties is kind of where my current head is.
I still will be very surprised if we go to like forties,
like some of the,
the real bears are calling for.
Gabi,
I was calling for forties in the,
in the internal chat.
That'll be painful.
I won't lie.
That would be painful going from one 26 to forties.
And then kind of like stats said yesterday, if that's the case,
then we're just full-on four-year cycle mode.
We're just going to repeat this every four years.
And regardless if the players are...
I thought we agreed with this for cycle modes on.
I mean, just like exactly.
Like if it goes all the way back to the 40s,
then it's going to be the exact same.
Like percent drop is the last time.
So then it is a little bit like what are we doing um but it'll be a good long
yeah i mean i think you know my view here but you know um sure we i tried to long the bounce
yesterday and i was like okay i'm out i'm not getting in the way of this. It's not, we can't even get past 76, 77K.
Ethereum, I actually kind of liked Ethereum yesterday.
That's how I doubled my stack on Ace Rate.
I hit 100% trade.
I went 25X long, ETH, and then cut at 2300.
Then on the personal portfolio, I was like, fuck it.
At 2300, if it breaks out, let me long.
I longed, I closed a dollar later because I didn't like it.
And thank God I didn't because I'd be down quite a bit today.
I don't like this market.
I don't like the feeling or anything.
But there's a lot of stuff going on.
So you could have caught the 70% hype trade,
which gives me a lot of hope for the market.
You could have caught gold, silver, copper up and down, by the way.
You could have caught the river fucking short.
Could have caught the few last memes.
There are still memes going on.
So it's this weird thing where I think we talked about this yesterday.
We kind of resulted to that yesterday, which I love the conversation.
It's like, sure, we're in this weird tech boom phase
where crypto is transitioning out of its old skin and into its new skin.
Perhaps.
That's my bullish outlook on the industry.
And we will see that rotation play out
and therefore go into other tokens.
So I'm not like,
you're going to find other opportunities
to make some dough here.
Just don't marry your old bags.
And I hope you're not still marrying the old altcoins
because doors are just not going to come back.
And I think Vitalik yesterday
kind of put a nail on the coffin on the whole layer 2, layer 3, layer 20 conversation.
So even the, I mean, Mando's been kind of like, he's been a little more vocal about this,
but like the super bearish on L1s, L2s in general.
But I think, you know, like at some point, yeah, it's like Polymark is going to drop a token.
Now she's going to go to $10 billion, right?
So like, it's like there's going to be ops
that's my outlook man though
like I do
I agree with you
I think that
you're quant there
I have my notifications on
for him right now
Benjamin
in the crypto verge
I would love to get him
on the show actually
I agree with him
he's like
wake me up when September ends
I've kind of accepted that
then I see you man though
you're killing it
in the trades
I'm like
I look at someone like you and I'm like,
volatility is where people can step in and make money or lose it all.
But there is money to be made.
Oh, yeah, for sure.
And my job is to show up every day.
So I'm going to try and go and get it.
You don't normally, I mean, I don't even generally go short.
But you definitely don't, it seems.
You can just wait for the long.
Every five days, there's a long. Like like yesterday there was a long at 74 to 77 the day before there was
long at 74 like you don't even have to look for the short you can just yeah or you get long gold
i think gold is gold like um it was with 3,400 i think tyler what did tyler say oh so our female
quant also so we have two quants right mando you're the male quant. But the female quant, she's good.
So how do we interpret this?
So my surface read is she's saying all of her bear market points, Avengers have been hit.
So she's been calling for lower for months now and effectively nailing it.
Yeah.
And then she had targets.
Yeah, she had targets mid-60s and then also mid-40s.
She said basically she wasn't sure they were all going to hit.
But then now her latest tweet, a little cryptic,
saying that she thinks they have all hit.
Now we'll see.
I mean, you bounce here or not.
We're having so much trouble above.
We're here, right? We find these lines forever. I did two lower lines. That's all I did, boys bounce here or not. We're having so much trouble above. We're here, right?
We found these lines forever.
I did two lower lines.
That's all I did, boys.
Two previous tops.
I don't know, lads.
Seoul is a rough one.
It really is.
Who's stepping in to buy Solana?
No one because it doesn't have the institutional bid like the other ones have.
Like the other ones actually, Tom Lee's still buying 100 mil a day, right?
No matter what people think of Tom and his buying, he's still there.
When do you think Tom Lee gets the tap on the shoulders to stop buying there?
I don't think he will, but...
How much money does he have still?
They have a lot because if you follow what they're talking about, even think he will, but... How much money does he have still? They have a lot.
Because if you follow
what they're talking about,
even on his timeline,
they're making money now.
Yeah.
There's 590 million in cash still.
Wow.
Yeah, they have 600 million cash,
but they're also...
So Flood said,
obviously this headline about Tom being down 6 billion, right?
And then he said, these tweets missed a point of an Ethereum treasury.
Bitmine is designed to track the price of ETH.
Outperform over the cycle.
Think of ETH.
Crypto is in the downturn.
Essentially, ETH is down.
Bitmine will see unrealized losses on holdings of ETH during these times.
Not a bug, a feature.
So they're still long that, right? losses on our holdings of ETH during these times. Not a bug, a feature.
They're still long that, right?
He's saying you're buying a levered ETH ETF with some cash flow and with some moonshots.
And when you're levered ETH and the down cycle,
it underperforms.
Yeah. He's not going to be a fourth seller. So, yeah,
he's not going to be a four seller.
So I,
I'm still in chats where everyday people are like,
when are the,
I just want the dads to blow up already.
They're not going to,
it doesn't work like that.
Right.
Like maybe the smaller,
the downstream ones are,
but like the big guys aren't.
Well,
that's what I asked Tom when I interviewed him. And he kind of like shrugged it off.
Like,
like they don't matter.
They're irrelevant.
Like what's $40 million blowing up?
I mean, we don't talk about Sharpling a lot, but I don't think nobody's pointing a finger at them and saying, oh, he's not that much.
I think it's just because Tom is on CNBC a lot.
We talked about this with Trump and CZ yesterday.
I think it's just like we're downturned, so we have to kind of point the finger everywhere.
Yeah, everyone's looking for it.
This is a little bit of a segue.
It's still ETH related.
I checked in on the L2 tokens. I guess I kind of expected to see a bloodbath, and they looking for it. This is a little bit of a segue. It's still ETH related. I checked in on the L2 tokens.
I guess I kind of expected to see a bloodbath,
and they didn't really move.
Because they're already down there.
I mean, they're down a lot, aren't they?
Yeah.
Where's Arbitrum now?
Arbitrum?
Is that...
I don't know.
Let me check.
But Arbitrum has that hyperliquid narrative, right?
Which is the best thing
they got going on
does it
no it doesn't
I'm sorry
just being nice dude
like
I took that from Tyler
it's still 1.3
billion
yeah it's still 1.1 billion
but like
what was that
it was almost 20x higher than this.
Wow.
Lads.
So can we go there?
Tyler, did you end up getting a read on Vitalik's essay yesterday?
What's going on with Vitalik?
What did he actually say about Layer 2s?
You know?
Yeah, basically his old pitch that L2s are the right way to scale Ethereum is no longer the right mental model.
And he basically said two things have changed.
Getting L2s to full trustlessness has been much slower and harder than he expected.
And that some L2s are never even going to want that.
Upgrade control for technical regulatory reasons.
And then second, ETHL1 is actually scaling.
Fees are low.
Gas limit is expected to rise.
So the L1 can absorb more demand directly.
And then he basically also comes out more forcefully and says, stop treating every L2 like it's a branded piece of Ethereum.
There's a broader spectrum.
Some are taking on ETH's principles and security and others are not, and you need to look at each of them individually.
Uh, and then he, he goes on to, to provide some advice, uh, for those who are in the L2 game now to, to figure out what your specific niche is.
And it needs to be more than just scaling because that's not going to be enough. I find a real differentiator,
privacy, app-specific, low latency,
or massive scaling,
which I guess is what MegaEth is going into.
So pretty harsh.
I think maybe what I feel is,
though, he's kind of missed the point.
People haven't sparked L2s, though,
to scale ETH.
They've done it for their own personal benefit.
Absolutely.
I don't know if that's wrong or not. Like a lot of the L2s are the way that they are, but it's not because they've been trying to scale ETH.
It's because they can take the fees. And he built a system like that.
So I agree with everything that he said, but then I think he's maybe got missed on the motivations of people. He set up the incentives, and people have just reacted to them.
The idea that Base is here to scale ETH is not what Base is about.
Base is here to make money for Coinbase.
I think the reason why he saw it, I think it was genuine, though,
because Vitalik is more of a founder know founder crypto freedom like more of a
of a visionary so i generally believe that his mission through l2s and supporting that was that
they he believed i actually don't think he had any like you know he believed i agree he believed it
i believe i think he believed i think he thought the reason the only reason you would set up an L2 would be to scale E.
And E scaled itself, and therefore L2 is no longer working.
Base, optimism, all these.
I actually do believe we're talking about Arbitrum.
Arbitrum's goal was actually to scale Ethereum.
I actually do believe that.
I don't know about the 20th L2 that came out, personally speaking we know guys right behind the scenes they're raising a ton of money you know they're making some cash like those
l2 was a meta right that can be the main part of the mission but but let's be honest that's not how
they were necessarily run they were run to try and to with their own tokens to try and encourage
people to build on top of them
and then to generate fees from that building.
There's a reason why base loves fucking Zora, right?
Because it makes it time.
So clearly going around, both of you and then Tyler,
do you want to get to some of your topics?
What do you think, Tyler, then?
Do you believe this is just...
Because a lot of people are saying,
oh, Ithi's already down.
I know he's telling Sum of the air and whatever he announced
it weeks ago by the way
do you think this is just a
really bad look for Eve do you think it's
good like what are your what's your like overall take on this
I think it's kind of an
ultimately neutral
like not non event
like I don't think this is super
bullish for L2s by any means.
And perhaps this ends up being a net positive for
ETH once this all blows, but I mean, it's going to be
a longer period. But I am a fan of Vitalik
coming out and speaking his mind openly, and he made a mistake
and he's owning up to it, effectively. of Vitalik coming out and speaking his mind openly. And he made a mistake.
And he's owning up to it effectively.
Better late than never.
I suppose.
What do you think, man, overall?
I know you've...
You don't have the best relationship with ETH. It's like a toxic relationship.
On and out.
I have a toxic relationship with everything.
You should always have a toxic relationship.
Not only with your friends. You're a good friend um yeah that's fine but with cryptocurrencies yeah relationship with everyone
i am of the belief that uh you know i liked the narrative around either i still had like
The narrative around ETH, I still had like this whole L1 debate of like, what is an L1?
I, and we had this debate with Stats yesterday as well.
Like, I think everything apart from ETH actually used to value itself based on its fees.
And ETH used to see itself as more of a currency.
And the reason for that is because inflation was so low.
reason for that is because inflation was so low the only way solana made sense as a currency or
avax or one of these other l1s was from the fees they were generating because if you like
if you look at their emissions it was like owning a fiat currency with like 10 inflation a year
sometimes like 20 um i still think ether's got the best shot of being a currency, actual currency. If you look at ETH's inflation, it's 0.7%
a year.
That is better than most
fiat currencies. It's better than Bitcoin
right now.
So I hold out hope
that ETH has, as we
return to what is
an L1,
that ETH has got the best
value there. But I don't got the best value there.
But I don't know what that value is,
because you could also say that that could have a carrying value
much lower or much higher.
Some people value it as all the activity in the network,
or some of them will value it as open source tech,
of which, why would we actually own this if it's all a bit
circular
it's just very difficult
Hyperliquid is very clear
very clear with Hyperliquid
because
the value of Rural is much
but I wouldn't necessarily say
Hyper is a currency, Hyper is a business
in my eyes and everything's been set up
like business.
yeah, like I
don't like L1s. I think these L1s are going
lower.
I like
hype.
With that being said, it is Michael Saylor's
birthday, by the way, that I just found out. So happy
birthday.
Happy birthday, big Mike.
Go buy some Bitcoin.
He said if you want to buy him a birthday gift this year for his birthday,
he said, buy me some Bitcoin.
So I checked in.
It is indeed his birthday on February 4th.
So happy birthday to you, Michael Saylor.
Anyways, Tyler, let's go to your topics.
I'm going to bring Kaleo up now, though,
so that maybe he can partake in your topics.
But let's go to you because we skipped.
I'm just going to run.
I got to run.
So Kaleo's going to have to switch.
Right.
You just don't want to be with the 102nd Ace Trader?
I know.
I know, man.
Yeah, Mendo, you've changed, dude.
You switched up on us.
I know.
Sorry, guys.
I got to run.
See you, bro.
Bye-bye.
Bye-bye.
Bye-bye.
Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye-bye. Bye- going to run. See you, bro. Have a good one. Bye. Bye.
For daily NFT and crypto analysis.
Totality.
Yeah.
Our cost of business.
Great bachelor's.
Yeah, folks.
Crypto majors are puking here, unfortunately.
Bitcoin down 4%, 74.8.
ETH down 5%, 21.76. ETH down 5%, 21.76.
Solana down 9%, 93.30.
Oh, no.
Oh, no, indeed.
Some of the headlines from the day we just talked about, but Vitalik Buterin did rip up Ethereum L2's focused roadmap,
warning that some Layer 2s have compromised on decentralization
and should not be branded as Ethereum extension.
So there's going to be some fallout from that.
Meanwhile, we had another Epstein crypto headline.
The files have revealed that Jeff Epstein did invest 500K
in Blockstream's 2014 seed round through the Joy Edo fund.
This comes out a day later after it was revealed
that he invested in Coinbase as well that year.
So deep ties there.
We had the Y Combinator announced startups
can receive 500K seed checks in USDC
on base, Solana, or Ethereum.
So Y Combinator leading into crypto native teams.
Standard Chartered cut their 2026 sold target to 250.
That's still 150% from here.
But then they raised their long-term forecast.
Their 2030 Solana target is $2,000. It's still 150% from here. But then they raised their long-term forecast. They're 2030.
Solana target is $2,000.
They say Solana is going to dominate stablecoin micropayments as they move beyond meme coins.
And then Cathie Wood, her ARK Invest, she's buying a dip,
$72 million into crypto stocks on Monday,
$33 million into Robinhood, CoreWeave, Circle, Bitmine, Bullish, and Coinbase.
So she is active. Token, Airdrop, Bitmine, Bullish, and Coinbase. So she is active.
Token, Airdrop, and Protocol News, Circle announced a $30,000 AI agent hackathon, spanning
agendic commerce, open-claw skills, and smart contracts.
And this new rentahuman.ai, you may have seen this.
It's from a crypto-native developer.
He launched a service that lets AI agents hire humans for IRL tasks that they're
unable to accomplish and they pay out in stable coins. We also had Athena announce exchange points
as part of its new rewards program and Euphoria announced a two-week tap trading competition
that's going to be over on MegaEath starting on February 16th. The memes were pretty red. A couple
of notable movers. ARK was up 40%.
White Whale up 26%.
Butcoin continues to grind up at 14%.
I think Butcoin is the antithesis of Bitcoin right now.
Every day Bitcoin goes down, Butcoin goes up.
At least that's my read.
And then this Claustor token was a new one.
I ran 17X on base last night.
Hit 18 million.
It was 12 million this morning.
Yeah, that was our quick rundown.
I love that. We'll go through some of these topics but first and foremost kaylio good morning how you doing good morning hey if y'all have any trouble hearing me whatsoever let me know and
i'll even hop back on from my phone i okay sweet sweet sweet i just like there were a couple times
when i was sitting in the audience that it was a little bit choppy as far as what I was hearing.
So, you know, if it ends up being an issue, I'll do that.
But I'm doing well, man.
I mean, the market's not, but I'm doing fine.
Just another day in paradise, right?
Another day in paradise.
I mean, let's go through some of these.
And then, you know, definitely want to talk about the Ace Trader comp
and Trader and this and that with you, Caleb.
I mean, you were first yesterday.
We'll have to talk about what was going on after that.
But you were still first.
I'll talk about it.
Okay, so we'll get the quick rundown with this.
Like, here's my deal with the Trader competitions, I've realized.
The last four that I've
been in, I've had like a very comfortable lead at multiple points, you know, for three of them,
at least for three of them. And realistically, like at those points that I just, you know,
listen to my advice and stop, then I'd still finish in each of them top four or five,
stop, then I'd still finish in each of them top four or five.
But there's just something in me that is like, I just want to,
I don't want to just win.
I want to just like destroy anybody.
So there's something like what I need.
It's like, I, you know, if there were,
if there was a great pitcher that is just great at like starting a game,
I like, you know, I need that.
And then I need to tag somebody in that is just going to be ultra
conservative from then on out, do like the lower, whatever moves, you know,
but if you need that guy that is going to turn like a
little bit into a lot really fast like you know to get the start i'm that guy all right well you
always have i mean this is a lesson for people so maybe you know that's not bad like you know
sometimes you know you just settle for what you got but you know this is the crypto you know, this is the crypto, you know, we can always, you know, we still want more.
Can we talk?
It's like, what was your trade?
So what was your trade?
Let's get into that.
Yeah.
What was it?
Oh, it was, I was just like, as soon as I logged on the other night, I, and I saw that the account was live. I was like, oh, shoot. Like Bitcoin looks like it had just tapped the previous, shoot, when was that?
The low that it had marked up against was from April.
From April.
Yeah, so it marked up against that April low.
And I was like, man, like literally tapped up right up against it.
I'm like, if it's going to have any type of a relief bounce this is it so you know i felt like it had been a really really just violent move
down um so i was just betting you know on a pretty volatile move back up and just put you know put my
foot on the gas on the way back up toward it.
And yeah, you know, like, again,
I was kind of in the camp where I'm like, man,
this could go one of two ways from here.
We either could nuke back and we lose this support level.
And who knows where we go from here.
It was here, right?
I was like, you know what?
We're the bull market's back and we bounce and unfortunately you know oh that's how it happens for me um so so you you closed the
position because you realized like 10k and gains or something so you were you were up top oh well
no i i closed it because there's no cross margin available okay
got it there's like no cross margin did i lose to kill you hold on
but you want to extend i'm cutting out um but if you want to not only take the lead but you want
to like push your position and then yeah you've got a wait if you can to not only take the lead, but you want to like push your position, then yeah, you've got to wait.
If you can't hear me, dude, miss it.
Like I'll get off and I'll get on the phone.
I might have to do that.
You're good.
You're good.
You're good.
Okay.
Yeah.
Yeah.
But like I had to close the position to be able to use the margin of the UNPL to be able to increase the position size because I wanted to be in first.
If I was playing Bitcoin, like my theory was a lot of people were going to be playing alts,
which alts are like inherent leverage, you know?
So if you're playing leverage on alts, it's like, you know, insane.
But leverage with BTC, I thought was a little bit safer.
Just push the foot on the gas, close it, reopen, push a little bit more.
That's what ended up happening.
That's how I ended up extending it as fast as I did.
Man, you probably
could have just went flat and
cruised to the top eight. You may not
have won the whole thing, but you probably would have
stayed above the line.
You just need top eight.
That's where I'm at right now, boys.
Yesterday, Yesterday was about
to get liquidated on the show.
Hit a Bitcoin short to
73, flipped East
long to 23, stopped.
I'm right there, boys.
I'm a 10th. Dude, let's go.
I don't need much.
You know, you guys just have to
22K-ish, 21 and a
22K-ish. I feel like you're safe here.
Hey, that's one other thing real quick that completely threw me off.
When you looked at, like, when I looked at my account page, there was something on there and it was like, reset P&L at any time for free.
for free. Like it said that and I'm like, Oh shoot, that's dangerous. I don't want to do that
Like, it said that.
And I'm like, oh, shoot, that's dangerous.
I don't want to do that when I'm up.
when I'm up. So at that point I was like, you know, here's something that like the platform
needs to work on too. It kind of allows infinite leverage at a certain point because like you get
wiped out. Like if you, if you're trying to got a regular perp decks, you know, you're, you still have some margin left whenever
they liquidate you, right? Like, you know, but at this point, you could still have, like,
I had my 15 BTC position open with, like, I think at one point $150 a margin, but right
before it ended up looking at the zero.. So like my theory at a certain point was
if it was all about realized P&L,
there was no reason to close out my position
if there was a way to be able to like reset.
So I was like, okay, I'm just going to let this like lick,
close it out, press the reset button
that was available earlier that morning
when I looked at it.
And then when I looked at it,
because I'm like,
if this is a deal, if everybody's just resetting
when they go to zero, why not ride this out,
leave the realized P&L there, let it lick,
immediately press reset, and then just nuke it short.
And then that didn't work.
So anyway.
Oh, wow.
But Ty, you're still in there?
You still got...
You still squeeze yourself in here.
Let's see where you're at.
I'm like in 80th or something now.
You're alive, though.
You're above Min. You know, Min came on here.
You're above Min here.
Above Bandit.
I think most of the...
I need Easy to... Has Easy attached to socials? Because I'm still men here. I'm above bandit. I think most of the... I need EZ to...
Has EZ attached to socials?
Because I'm still up against him in the mirror.
Yeah, EZ's up here.
So it's EZ.
It's funny.
So Orange is 55,
but then EZ, Mando, and ICOB
are like back-to-back.
Oh, there he is.
So he's barely green.
Nice.
He's like 6'9".
Is I like the number one KOL here?
Like, what's going on, man?
Well, Steph's commented.
Like, all the Anons are dominating
the comp.
The celebrities and KOLs are getting crushed.
Okay.
I mean, the market on Anons, on Myriad
must be like cooking right now.
88%,
public versus elite, will dominate this.
Wow.
Yeah, that's my bad.
I'm 4-1
Mando didn't even need to trade
to beat KPM
oh man
Tyler you're still in the race dude
yeah 4-1
I think I like my side there
I like the odds on tie here.
You know, even if you're trying to gamble,
like, trying to take the ICO over me,
though, ICO's not going to get over me.
It's not a bad side, because we're close,
and then, what do we got?
We got, I mean, who wins the 1M public versus elite?
That could be a fun one here.
What do you think, Kelly?
Do you think a public person's going to win the 1M,
or one of the elites?
Yeah, we're not looking good right now.
I'd say public.
Like, you know, here's the deal.
The irony of the elites being called the elites,
like myself included,
we did nothing to earn that spot other than, you know,
you had followers, you had whatever else. If anything, the public actually nothing to earn that spot other than you know you had followers you had
whatever else like if anything the public the public actually had to earn it and you've got
80 people that survived around one to get to round two and you've got 20 that didn't even
mess around with round one aka like me that like oh here's a rule that I think I can do. Shit, I'm gone.
So you got 80 people that hustled their way.
They care about it.
20 people.
Yeah.
We lost killed a little bit here,
but I know what you're saying.
It's right.
Well, they care about other things. I've been on the public all day.
Yeah, I agree. I think on the public all day. Yeah.
I agree. I think you're right.
Unless you're betting on me, guys,
I'm going to take it home, boys.
So what's your plan here?
You're within striking distance of the top eight.
It's a bad market right now. We've got five days
left.
The plan is simple.
All the coins are like that support.
They're either going to lose it and go to zero
or they're going to spot.
This is going to pump.
I'm going to sit flat a little bit, see if
the people above me, if two people also get greedy
because they may.
If they don't, I do have until
Sunday, right? And so I'm going
to wait. If I see we break down below,
I'm going to try and catch like a fallen
knife on the short side if i see that we're starting to grind up and break above 76 77
i'm gonna try and catch that eth again right because all you need is like i could 100 trade
between 2200 and 2300 on eth so it doesn't even take much and it was 15 minute trade yeah so i'm
gonna wait because i have until sunday night right? So things do happen on weekends.
I think I need to wait.
Like even earlier,
like I said before coming on the show,
I was like, 93 sold, I should long.
And I was like, I shouldn't.
And thank God I didn't.
So I think the move right now for me
is like, wait.
I really want to make the top eight.
I really want to make that live comp
because the live comp part is fun, right?
It's like an hour or two hour long.
What is it? Like a live
mega DJ
who can make the most money.
And I'll be in Hong Kong.
I don't know. It'd be funny though. I think they're based there.
That's the
plan, boys.
That's the plan.
We'll see if...
Can I say something that might save the bull market?
Please.
It might just save it.
By all means.
If I were y'all right now, I would nuke this short
because I'm finally convinced that we're just going to have
like a massive move lower.
Let's go.
Why do you say that?
What's up, Tyler?
Go ahead.
I don't know.
I'm looking at it, man.
Every chart's hanging on my thread.
You know the door with the Cheeto pounding by the Cheeto?
I think I'm finally waking up to it.
And I really hope that this is turned into a meme
where it's like oh kaleo decided to
like say something bearish at the pico bottom then good god i i would love that that is my
the thing that i would be more happy than anything else please make me into a meme for saying this
right now i don't care i i having a hard time seeing it
unfortunately I actually
believe Bitcoin's about to rip one more leg lower
we actually need it
just rip us into the high 60s
let Solana
go to 7580 let it happen
let it happen
let ETH go to 900
is KBM inside of this
body? That would be
painful, my friend.
That would be painful. Sorry, Waze of
Wanging. Thanks, Farouk. No, don't let me down.
I'm not trying to let you do this. If you listen
to the show, you're good. You should be comfortable.
Anyways,
Tyler, do you want to go over some of these topics
that you thought, you know, we still
have some time with Kaylee on?
Is there a few topics you think we can jam on?
I mean, speaking of elites, there's Epstein files.
Well, we can talk about that.
So some news from yesterday we didn't have a chance to really dig into.
But Epstein was an early Coinbase investor. So newly released emails from the last batch of files from the Department of Justice
say that Jeffrey Epstein made a $3 million investment into Coinbase in December 2014.
The deal was arranged by Tether co-founder Brock Pierce and his firm Blockchain Capital
at a $400 million valuation. Coinbase is worth $50 billion now. So it was a strong investment
there from Jeffrey. And it seems like Coinbase co-founder
Fred Ursham was aware of Epstein's involvement in the investment and has an email and filed to
meet up with Epstein in New York back in December of 2014. This investment did come six years after
Epstein's 2008 conviction for procuring a child for prostitution.
So he was a known sex offender at this time and convicted.
Epstein did cash out half his stake in 2018 for $15 million, it looks like, and then held the rest until his death in 2019.
so not the best look there for coinbase i mean on the you know looking at this like there's
So not the best look there for Coinbase.
nothing illegal in taking money from a convicted felon that's not a crime but of course the
the optics of it certainly aren't great um by by any means this was a long time ago but of course
it's all being kind of re-raised and going through now um and it seems
like that's not his only ties so then yesterday the news came out he also invested in blockstream
back in 2014 in their seed round there's there's other emails with adam back went to the epstein
island so his he had his fingers in everywhere, clearly,
and crypto was a part of that.
That one seems quite dramatic.
So you saw Luke Dash Jr. come out saying,
I was an initial contributor to Blockstream,
and Adam promised me I'd be listed as a co-founder
and be treated the same as the other co-founders.
Adam broke that promise, betrayed my trust, and cut me out.
I was never involved in Blockstream's fundraising and had no knowledge or contract with most of its investors.
I chose not to sue Adam or Blockstream.
At that time, because I was focused on building knots and other decentralization tools,
I also thought it would have been bad for Bitcoin.
Man, you saw that fake email also saying he he loves the nickname that satoshi saying that
i've seen satoshi i have a normie friend of mine that sent it to me saying this does not look good
for bitcoin i was like brother it's not true so these all the bitcoin because he did also fund
some core like there's all these things between real and fake and the headlines of coinbase in
this blockchain those are great it's not great to have Epstein tied on top of the quantum,
on top of the four-year cycle, on top of everything.
I mean, Kalio, you are not in those files.
Any thoughts on this?
This is crazy.
Man, I think the sad thing about it is that a lot of it's just gonna try it over like
i i think there should be people held accountable for some of the stuff that's in it but it's just
yeah you know and as far as the investment side of it like especially in the early 2010s is, I'm sure a lot of those guys, like, that doesn't mean they went to the is further. But on a deeper level, everything else with Epstein, the sad thing about
it, it's like, how many founders have you seen in the past couple of years in crypto that they rug?
And then a few weeks later, all of a sudden they're back and everybody just forgets.
But he just forgets.
You know, I think on a larger scale,
I think on a larger scale, that's almost going to be what happens with Epstein.
that's almost going to be what happens with Epstein.
Yeah, wow.
No, Cornby's saying that.
I mean, that Brock Pierce line is...
Doesn't have the best past.
It's actually pretty crazy.
It's cool from Tether.
But that guy's...
We don't have to get into detail,
but that's pretty bad.
A lot of pretty bad stuff tied to that man.
I do have a hard stop soon,
but Tyler, if there's anything else that's like-
Yeah, on a lighter note,
so we went down to the darker stories,
but on a lighter note,
the robots are taking over.
So two stories from yesterday.
First, a crypto dev from the Yuma protocol
spun up this rentahuman.ai.
It is a job board for AI agents
to find humans to do tasks for them and get paid in stable coins.
So humans go up, sign up for the site. They describe their skill set. They set their own
rates, typically in the $50 to $200 per hour range. And then AI agents can choose to hire them.
So far, 28,000 users have already signed up for this site. So it was just 100 in the first few hours,
and the users are signing up in waves.
And I think this might be a glimpse to our only future income streams
once the robots have taken over all the existing jobs
as we're going to start having to work for them.
So we thought AI was going to take our jobs,
but AI is actually taking the jobs while creating more.
It's both.
They're going to take our jobs, and then they actually taking the jobs while creating more. It's both. They're going to take our jobs and then they're going to get us
new jobs to do.
Someone created a rent token
and they're trying to get the founder to
basically acknowledge
it. He is not. So just be
careful. The rent token is not
tied to this. So I want to
make sure everyone is clear. And then the other story,
a little smaller
but circle and usdc they announced a hackathon that is solely for ai agents 30 000 usdc prize
pool it spans agentic commerce open call skills smart contracts no humans are allowed so it really
feels like this is accelerating and the incentives to get your AI agents out there is growing.
At what point do we, like if an AI agent wins that,
how sentient does an AI agent have to be to be able to, you know, that's theirs.
That's not the person that like unleashed them.
Are we ever going to get to that point?
It's a great question.
I don't know,
dude.
You're going to have to have some good controls in place for your,
and then there's the taxes.
So if you created the AI agent,
but it's not giving you the money,
do you still,
are you still on the hook for the tax implications?
Damn.
There's going to be a lot to unpack from all this.
Yeah.
There will be.
I guess we'll see.
One last thing, Tyler, I noticed we could talk about it tomorrow,
but the odds of this Clarity Act passing skyrocketed to 70%.
Did they? I didn't see that.
I don't know what this means, but usually the bully market kind of got it.
Prediction markets tend to be early on that. So we'll see. I don't know what this means, but usually Polymarket kind of got it.
Prediction market markets tend to be early on that, so we'll see.
It's looking good. I think we'll get it,
but that's just my gut talking.
With that being said, Calio, you can stay.
We're going to give some money away to one lucky winner.
And we'll play some Omaha for them.
So let's see what you got here.
The Omaha winner
of the day.
Charlie?
Is Charlie in the stew with us?
Let's see if he's got...
Where's Charlie at?
Charlie.
I appreciate Charlie.
Charlie!
Quickly, while we wait,
Kaleo, you said Bitcoin's going to go lower.
Do you have a line?
What's the number where you're ready to shove?
Dude, I don't.
I haven't started considering where it's going to go.
But still bullish long-term.
I'm not going anywhere.
So it doesn't really matter too much.
We'll talk about it in a good sense.
So we'll do what it is.
It's weighted Wednesdays here.
So it's based on the volume you've done on Yeet.com.
Use FOMO hour to sign up.
On Wednesdays, Kaleo, basically,
the people have done the most volume that week.
We wait.
They're the wins.
That's why you see
some pretty big ones.
They don't always win,
though.
That's the funny part.
All right, let's go.
We'll play some Omaha.
Oh, shit.
Oh, you got to win
the two to the year.
Let's go.
Two to the second.
What do you call the shot?
I like...
I mean, I feel bad for the guy with the most weight,
but I love that it shows that it's not always the guy with the biggest fucking...
You know, size doesn't always matter.
Size doesn't always matter.
Anyway.
Tudor to the second.
Tudor to the second.
There you go.
Oh, he's got that squiggle PFP.
Nice.
Congratulations. We're going to play some Omaha for you go. Oh, he's got that squiggle PFP. Nice. Congratulations.
We're going to play some Omaha for you today, my friend,
because it is a little faster and your boy's got a call.
And also, Omaha's been hitting way more than anything else.
So here always.
Yeah, we appreciate you, dude.
All right.
So it's very simple, Kalio.
We go over there.
We play two hands of $250 Omaha.
They already made $500.
So for sure, every day we get $500 to Lucky Winner.
And then we play games for them that are Yeet Originals.
Very simple.
So yeet.com.
Make sure you sign up.
Using the code FOMOHOUR though,
or else you do not, you cannot apply.
All right, let's go.
Oh, no.
Yes.
What? Holy shit. shit straight flush is live straight flush is live oh he almost he was one card away from the straight flush oh he almost got a straight flush three four five oh yeah
dude we beat a fucking we beat a false with the
oh no i'm so excited we lost his connection Fucking... We beat her for us with the...
Oh, no.
I'm so excited.
We lost his connection.
Wait, what is he... Okay, so it's not just me, then,
as far as, like,
the hearing the connection.
Nah.
So what do you win
with the straight flush?
I didn't see...
Yo, can you guys hear me?
We can hear you,
but we can't see...
Yeah, we can hear you now.
Where are you?
I am on my spaces now.
I got kicked out of StreamYard, dude. StreamYard stopped stopped working let me get you on on firefox dude i'm telling you it's been messing up for me this whole this whole time i just got kicked out
last time i was on with you somebody won eighty thousand dollars i remember like as far as the
value of a punchy penguin like a little over you know a year and a half or something like that ago
epic yeah we've given away some big ones we're gonna get them back up here that was like a little over a year and a half or something like that ago. Epic.
We've given away some big ones.
We're going to get him back up here.
That was one of the biggest Omaha wins we've seen.
I think that was like 950.
So on top of the 500 he already got.
So he's up 14.
Nice little start for Tudor.
And Tudor, we're going to try to try to get broke back up here that one sec
okay i'm back oh shit can you guys hear me yeah it's kind of cool
okay i'm gonna try and share my window uh sorry i like they did chrome just broke um
okay so we'll try again so you won 54242, so you're already up $1,000.
Can you approve my screen, please?
I'm not admin on this account, that's why.
Okay.
Try again. There you go. Okay, cool.
Okay, we're back, guys. Okay, so you already made
$1,000.
Two pair, okay.
Twos and kings, that's not hard to lose.
You win with a jack, eight or nine, so...
Come on. Ooh. So come on.
Ooh.
that's too bad.
Well,
still made a thousand and fifty dollars.
Kelly.
thank you for coming today.
Always a pleasure to have you King.
Appreciate you.
Hope you're doing well.
Tyler.
I'll see you tomorrow morning,
10 a.m.
Eastern standard time for the episode of full mile hour on our radio.
Let's go.
