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FOMO HOUR: Markets, Daily News, Memes, and More.
Recorded: May 6, 2025 Duration: 0:59:30Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored significant developments including the launch of Bongo for Pups, predictions of Bitcoin's market cap soaring to $5 trillion, and the implications of Trump's crypto ventures on regulatory progress. The conversation also touched on the introduction of a new BNB spot ETF and the potential for substantial corporate Bitcoin inflows, indicating a bullish sentiment in the market.
Full Transcription
Thank you. Thank you. What
What the fuck was that?
Dude, Twitter's...
I fucking hate this app.
Can you guys see Rock Radio on stage?
One second, y'all.
Can you see Rock Radio on stage?
I see it as a listener.
It's on stage, though.
No, it's not working check check
check check check
alright there you go
man twitter is so fucking shit
alright now it's working
got it
sorry y'all
do you guys think at some point
Elon's gonna start working on twitter again
I saw talks that the bots they got rid of bots Do you guys think at some point Elon's going to start working on Twitter again?
I saw talks that the bots
they got rid of bots
somehow today.
There's less. It's true.
But maybe for the next hour.
Hmm.
Anyways.
What up, Mando?
Now I'm adding everyone.
We should have Bongo on stage, right?
It's a big day for Pups.
Let's have Bongo on stage today.
Just if you can hang out with us.
Are you ready, Mando?
We're going to talk about Pups for an hour.
This is a Pups special show.
There you go.
Oh, you're muted, by the way.
All right, Sims.
Kick it, baby! 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! 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! Holy God. yo yo yo yo yo what up what what up, good morning, good morning, GM, GM, Tuesday, Tuesday, Tuesday, May 6, 2025, look at that, another beautiful day to have a beautiful day, I got my co-host in the house, Tyler, Mando, good morning lads, how you doing today?
I'm doing amazing man, how are you?
I am absolutely fantastic
You know, before you
Before I ask you how you doing Tyler
I just want to make sure you guys know
Do you guys know who you're talking to right now?
Do you guys know who you're talking to?
Mando, do you know who you're talking to?
Who?
The number two top yapper
And number one fantasy top hero this is who you're
talking to okay please address me as such um on the show please i would appreciate that i was
lost last week well you know so listen i was i had that random um oh the viral meme
you get i had some viral posts that I was top of the leadable.
There you go.
It feels nice, right?
It feels nice being on top.
I just want to make sure you all address me as such.
Top yapper, top fantasy.
I didn't see it once last week, so that's the difference.
That's the difference.
But you know what?
I'm definitely going to make the most out of my 24 hours of fame.
You know what I mean?
I got Jim Cramer saying that Bitcoin is never going to hit half a million dollars.
I don't own a million dollars.
I'm pretty sure that's on the back of the interview too.
So y'all welcome.
Y'all welcome.
Tyler.
How you doing?
Good morning.
I'm good.
I'm in the presence of interview royalty here.
I'm just happy to be on the stage.
Have you ever been number one, Tyler?
You would know.
It's a feeling.
It's a feeling. Everyone remembers.
I've been top three on Kyto.
It's our first.
Top three on the Kyto pre-tg board was it ah okay okay yeah yeah i don't know man i don't know we're gonna have to
amanda we're gonna have to think about this you know we're gonna
tyler destroys us every week i know to be fair tyler is like all time he's like all time top
10 on kaito Like literally like last 12 months
You and I, we have like 24 hours of fame
Every other like month and a half
Here's a good question though
Would you rather be a top 10 player
Or be that one guy who went to Grand Slam
You know
I'll take the Grand Slam
I would too
I'm the endurance guy
I don't remember top 10 tennis players
For the last 20 years
I just remember the old guy who won a major
They don't make movies
About the guy that was 9th his whole career
But they made a tennis movie about the guy that won
This one fucking Roland Garros that one time
Whatever it's called
I saw the movie on the plane
You know what they do do though Is they give him fat air drops fucking Roland Garros that one time. Whatever it's called. I saw the movie on the plane.
You know what they do do, though?
They give him fat air drops.
Oh, yeah. That is true.
I'm actually on cattle right now.
In the last 12 months, Tyler is literally in the top 20.
He's above...
Man, Tyler, what?
You have the same mindshare as Michael
Saylor the last 12 months
that's crazy
damn
but no titles
but no titles listen
now I've got my goals
you're a TGA Tour player but with no majors
exactly
you're on the tour
you're on majors, you know, exactly. You're on the tour. You're on the tour,
you know,
yeah,
like Harry Kane,
right?
If Harry Kane finally won a championship,
a championship,
I mean,
Bundesliga with Bayern,
that's like losing your virginity to,
to hook her.
But anyways,
you know,
you're in a documentary,
but you just,
you didn't,
you don't actually get the,
the title.
Me, me and Faroga, the stars who refuse to be part of the Netflix documentary, but you don't actually get the title. Me and Faroga, the stars who refuse to be part of the Netflix documentary,
and you're like the emerging story that they profile throughout the season.
Oh, my God.
Wait, when did we decide to just bully Tyler this morning?
That's not nice.
All right, let's just stop this.
I can see the pain in his eyes when he realized that he hadn't got the top spot.
Oh my God, dude.
That's funny.
I think about these types of things.
No, I want it.
Oh my God.
It's okay, Tyler.
You're going to...
Oh, fuck.
It's actually wild though.
This made me look at Tyler's Kaido thing.
It's actually insane.
I think you have the same mind share as fucking fucking what's his face michael saylor which actually i should probably get him
guys that tired that not tired this interview was a cook that was crazy right yeah it was a good one
i'm curious for your takeaways the guy i definitely had some takeaways i think what struck me was just
like how personable he was. Yeah.
And like,
he gives me like really good life advice too.
Just saying like,
I live a good life.
Like I,
you know,
it's comfortable.
I get,
I get to spend time with my family and do things that I care about.
and like,
I kind of believe in that he,
that he lives the simple life.
He doesn't seem like a guy who's just like out,
like spending all of his wealth
like crazy. And I think
the other thing that stuck out to me is like there's this
growing bearish consensus
take on broader crypto that all
the builders are leaving.
And it's just regulators and institutions
who are left. And then you've got this guy who's
top 25 wealthiest man in the world
gets out of jail and he goes right back to
work. And he's working six and a half days a week crazy so don't don't you can miss me with that people are still building
yeah i agree i actually i found out last night he's the 25th richest man in the world i had i
never because i didn't my i know i didn't do any research on cz when i went into that because i've
been following cz for like four and a half years now and i'm a huge fan so like i know the guy so i didn't like google like cc life or net worth or whatever the fuck
i just prep with my team like i always do before an interview so that's that i was like yo let me
check out his net worth it's 60 plus billion dollars it's very unknown his net worth it could
be i mean on forbes at least it's like the official forbes list man though they have him as 25th
richest man in the world in the live list that they have.
So that's where I'm going per, but, you know, I mean, if Bitcoin goes, like, let's say 150k tomorrow,
his probably jumps, like, 5, 10 spots, right?
Or BNB or whatever.
So I'm sure it's tied to that.
Well, one-day small-day cap is $50 billion.
It's $50.
And that's just an unknown how much Binance is worth.
As far as I'm aware, CZ owns like 70% plus of Binance.
So if you think it's worth $100 billion, it probably easily is.
Maybe even more.
He's got a decent net wealth.
And then it's unclear how much of BNB he owns,
which is the main coin.
And how much is BNB?
Like $80 billion?
I'll tell you.
$84.
Fuck.
That's crazy.
So let's say $100 billion company
plus an $84 billion token
and he's got the most amount of both.
He's also probably taken out quite a lot. So let's say $100 billion company plus an $84 billion token. And he's got the most amount of both. So it's probably...
He's also probably taken out quite a lot.
Like I can't imagine CZ's not worth a few bill on the side here already.
It's probably worth $100 billion, honestly.
Like it's actually insane.
But I like your...
That was your saying, Tyler.
You think like...
You know, you have this like preconceived notion of the crypto bro.
That's like luxury, crazy lifestyle, private jets everywhere.
Look, he probably flies private everywhere.
But like at this stage, of course you do.
But he flies private to go to see the government of Kyrgyzstan to make them buy BNB and Bitcoin, which I'm sure we'll get into later because that news came in yesterday.
But like he was wearing like a regular like just a regular, like a health watch.
Like it was digital watch,
like little things like that was going to be an BNB,
buy an ass t-shirt.
I mean,
like he didn't come in,
like he can't,
he did come in with like a one,
like big ass security guy.
Right.
And some random little like,
shop in Abu Dhabi.
I found like,
I found this like random.
Like studio where they do like wedding pics and shit.
And they had a studio in there.
So actually the producer is saying that he is 20% is,
sorry,
it's 90% of finance at the end.
So GPT says he owns 90% of finance.
Wow.
So it's 90%.
Like,
so I don't know what coin,
like finance.
Finance surely is worth way more than Coinbase.
Way more.
That's the thing.
Like if I go to, if you go to CoinMarketCap, right, and you go to exchanges, maybe.
What is it worth as a company?
I don't even know.
Well, I wouldn't even judge it by that.
So Coinbase spot volume is $1.5 billion a day.
Binance's is $12.
Whoa! billion a day Binance's is 12 whoa like 8x
Coinbase's volume
Binance is 160 bill
cumulative trading volume is 100 trillion
and they just raised
2 billion dollars
so futures
Binance is 48 billion a day.
And Coinbase, if you really go down the list for Coinbase,
Coinbase isn't even in the top.
Wow, where's Coinbase?
Coinbase does eight.
So it's at least, in terms of size here,
5 to 10x the size of coinbase.
Yeah.
So that's 250 billion to 500 billion.
I mean,
it is the biggest crypto company and CC is the biggest founder in crypto.
Yeah.
Period.
So it's 90%.
Like you're talking about the height of the,
of the last cycle. I remember people saying that finance was worth $300 billion.
Yeah, that makes sense.
That's where the expectation was.
And I wouldn't put it past, because there's been some rumors so far this year that CZ's open to selling MNRX.
I mean, he sold $2 billion to the sovereign wealth fund of Abu Dhabi.
Yeah, but we don't know what the valuation was.
So, you know, there's a chance that this thing is worth 300 billion and then he's worth 90% of that plus BNB.
He's probably in the top.
I mean, richest man alive is worth 400.
How much is richest?
Well, 300 billion is Elon.
300 billion?
It's Elon. 300 billion. 384 right now
is 384. So he's in the
conversation. He's in the conversation.
Wow.
He's definitely worth more than $60 billion
then. That's fucking crazy.
I would think he is.
Anyways, all that to say, this makes
Tyler's points even more
stronger. Because I asked him, like, minute three, I was say, this makes Tyler's points even more like stronger.
Because I asked him like minute three, I was like, what's your definition of a good life?
And it's literally just like being in a happy place, you know?
Like it's not a destination.
It's where you are now. And then, you know, he even said like in prison, it was not about, he didn't miss like the good food or a good bed.
Though he missed his bed.
He missed his family and his you know being healthy
like that was like i like this because you know guys know i'm on a big like health kick and
everything he was just talking about how and he got buffed by the way i don't know if you guys
noticed compared to his old photos he's like he's not cut but he's like he was up but you know
he's kind of tall i was expecting to be smarter shorter i looked small like them wasn't the fuck
uh and uh it was good i'm Honestly, guys, I have to say like
his tweet yesterday caught me off guard as fuck.
Like when he was saying that that's like one of the best interviews ever done.
That was a big one.
Yeah, that was that was the biggest honor for me.
And in this morning, he doubled down.
I don't know if you guys saw. So he retweeted a bunch of stuff.
So the interview fell down.
And then he tweeted again to like a few hours ago saying the recording of the 58 minute interview only took one hour exactly from entering the door
to leaving super efficient which is pretty wild um i totally used the last two minutes to shill
him by the way for sure i just i i had him for two minutes like hey i'm building a prediction
market platform so so I shot my shot.
You know what I mean?
But yeah,
aftermath,
super happy.
I'm glad you guys liked it.
Got a lot of positive sentiment.
Guys,
what do I back this with?
Like,
we just talked about his net worth.
Like,
what am I,
who am I supposed to get next?
Like,
getting harder.
Like,
how do I back this?
Like,
my thoughts is Musk
and Saylor.
That was part of my short list.
That was my talk too.
Saylor's doable.
He gave me his assistant's number because I met him.
And he gave me his personal phone number in DC.
Musk, I don't know how.
I seem to be like a Michael Dell type.
What do you guys think?
Someone like that?
Armstrong would be a big one.
But Armstrong after CZ,
like CZ is like the king of sex.
Right, right.
I know, I mean,
but there's not that many more above.
Paolo?
Paolo would be good.
Tether, right?
Tether Paolo.
Probably doable.
We met someone from Tether in Dubai.
Did you onboard him to Myriad?
I tried.
Did you guys see
the whole prediction market game? I definitely tried onboard him to Myriad. Trust me. Did you guys see the whole prediction market game?
I definitely tried onboard him to Myriad. Trust me.
Oh, Larry Fink.
Larry Fink.
Larry Fink.
Larry Fink, Paolo,
Saylor, and Musk.
Put it on the record. That's the hit list.
Was there like a boss
woman? Like a, oh,
Kathy Wood.
Could be nice yeah he would be nice jim kramer and i fuck jim kramer by the way yesterday jim kramer you know like in the interview it said like um 500k then the million
for bitcoin that's what he said but then jim kramer at the same time said bitcoin will never
reach half a million dollars, let alone a million.
I'm trying to get the replay of that CNBC.
I'm wondering if it's because of the interview or not.
Because it could very well not be.
But the coincidence is too, it's crazy.
So if someone knows how to review a CNBC,
do you know how to review the Jim Cramer shows, Tyler?
How does it work?
Can someone get me yesterday's episode?
Yesterday morning?
I don't know where he spouts these
things off. It was on CNBC. It was on
his show. It was a morning show.
Yeah. I'll try to look into it
offhand. I would
love to see if I can
get that. And of course, honestly,
like
wait.
If I could get if I could get
if I could get Trump round 2
that would be nice
which would be insane
so yeah anyways yeah
who are the 5 biggest characters in crypto
Satoshi
wow CZ 2nd, Vitalik 3rd, that's crazy dude
I don't know.
It's going to be hard to beat that.
So yes,
let me know.
Anyways,
yeah,
I would love Kobe too.
I like Kobe a lot.
Anyways,
so that's that.
That's the aftermath.
It was fun.
And,
and,
and I love doing that shit.
So that was a lot of fun.
Anyways,
who do we got next?
Who do we got next?
What do we got?
What do we got? Today on the show,
we'll talk markets.
We got a lot to talk about here.
This is the biggest FOMC in history tomorrow, Mando.
So yeah, FOMC tomorrow.
Markets, we're kind of selling off this morning.
Typical 30-minute, you know, fake out Tyler.
So we started pumping with the show here.
Classic.
We'll do Tyler's top 100.
I think there's a few things definitely that we want to cover here.
And then Yeet Giveaway.
So someone's going to come in and win some money and last but not least this show is power
What a step winner made about 11 25
Nice, so they hit on Bitcoin corn race
Almost said I almost said $11,000 hit on fart coin
Yeah, almost at for a Kim second for on fart coin. Yeah. Almost hit fart coin. Came second,
fart coin thing.
So that was crazy.
So we'll do a giveaway.
We should do current race again
because it's fun.
And last but not least,
the show is powered by Wallet Connect.
Wallet Connect is the connectivity network
shaping the future of on-chain UX.
If you've connected to Web3 app,
you've seen Wallet Connect.
That blue logo,
it's everywhere.
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Want to learn more?
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and Telegram to stay ahead of what's next
Mendo tell me what's next
GM everyone so we have had a little bit of a weaker start over the last two days.
We just had Bitcoin hit kind of 93.5K,
and then there's a slightly rebound as we've gone live to like 94.5.
Stocks were weak yesterday, not down crazy amounts,
but they were a little bit weak,
breaking that really long winning streak that we had for a while.
There has been some light fud overnight just around crypto in general.
So there was a couple of pieces out basically pointing to the idea
that the potential crypto regulation coming in in the summer
with respect to stablecoins and potentially RWAs,
it was becoming more divisive, mainly because of Trump being viewed as ingratiating himself with the space and it being more political, essentially.
Like it was more difficult for some of these Democrats who were previously pro-crypto to kind of continue with that stance with what's been going on.
There was news yesterday that Trump's going to do another couple of dinners with crypto,
I think, founders or leaders, and I think it's been taking the list a little bit wrong.
So basically, Washington is starting to catch up with basically what we have been saying,
is starting to catch up with basically what we have been saying that it's starting to not look
as good for Trump with all of these Trump family sort of deals and ways where he's made money from
it. So this is now starting to become a bit of a problem for crypto. I think we were all kind of
okay with it as long as all the regulation goes through. But now if this becomes the impediment to the regulation,
I think that's a real issue.
So I think we kind of have to call out a lot of this stuff,
if I'm honest, a bit louder or it could backfire.
So hopefully we see maybe less activity from things like world liberty
financial and some of the more Trump family vehicles on this.
But there's a lot of ways.
Remember, we had coins potentially coming from Truth Social.
We had ETFs coming from Trump Media.
There's a lot of ways the Trump family is going to benefit from this.
And I think that's potentially going to make it a lot harder for us to get meaningful regulation in the U.S. now.
And that's suddenly become the new narrative. I don't know if it's 100% on that that's going to be a thing, but I can imagine Democrats who were previously pro-crypto now finding it very difficult to do that. Well, just now, actually, like really breaking right now,
it's happening, right?
So, Sandra, who's our White House correspondent
on the Crip side,
he tweeted out,
I'm at the House Financial Services Committee
plan here on crypto, which Democrats
plan to protest with a walkout.
Crypto-related hearing witnesses have been
informed that once Dems move to prevent
the joint hearing with AG from convening,
Republicans will pivot to a roundtable with the witnesses still testifying but not as part of an official hearing.
And it appears that right now, literally 20 minutes ago, House ranking member Maxine Waters objects to the hearing as planned when asked to explain her actions by RepStyle.
After some moment moment she says
I object because
of the corruption
of the president
of the United States
she says
specifically
she's referring
to Trump's
crypto ventures
so this is happening
as we talk
so now
they're going back
and forth
well it must be insane
being in there
so it looks like
it's happening now
like I'm getting live
tweets from Sandra Lutz
S under quote Lutz 95
if you want to follow on X
but saying
essential counterproductive walkout.
They should work this out during the hearing.
It's true to this last minute.
Blah, blah, blah, blah, blah, blah.
Waters analysis Dems are holding a simultaneous hearing down the hall.
The focus of which will be, and that's her words,
Trump's crypto corruption.
And the Dems just walked out.
And they're yelling over each other. See the tweet right before that one. Now Dem. And they're yelling over each other?
See the tweet right before that one?
Now Dems and Republicans are yelling over each other
as Dems read out statements
about the amount of money Trump has made from crypto.
Republicans yell at them to stop talking.
Wow.
Dude, he should be filming this shit.
What do you guys...
I mean, Trent Tyler,
you kind of brought this up.
Yeah.
Right.
you guys,
Tyler,
you were talking about this quite a while ago.
First off,
these people are just children,
right?
Which is,
which is what's so unfortunate about all this.
Like we're,
they're,
they're fighting over the deep political divides versus what is actually in the policy itself,
which is just the state of politics in the United States in 2025.
It sucks.
But that aside, we've been talking about this for a long time.
I think this was the risk of Trump going so deep into crypto.
I didn't think it would come to light this fast.
And now this is a real problem.
Last week on the show when you were gone like
i was we were kind of going around grading trump's first 100 days in office from a crypto perspective
and i gave him an a like putting his personal like meme coin launches aside for that rating
based purely on policy but now they are so intertwined that you can't separate the rating. And if this bill fails,
I think his grade immediately gets docked to a C.
And now it's like, all right,
are we even going to be able to get anything through?
But maybe this is all overblown.
Maybe we're going to get past this.
But this is real messy.
I mean, of course, tread lightly here,
but here there's another post by Standard five minutes ago.
New, just before staging a walkout of a house crypto hearing,
Rep Maxine Waters told me she was poised to support the Stable Act,
but then Trump's crypto ventures derailed the process.
She says, we came close to getting a stablecoin bill,
but Trump has been so outrageously brazen with his ownership
of a crypto company in StableCoin,
enriching himself and his family, coaxing investors
by bringing them to the White House is just too much.
To be honest, like, Maxine Waters is not great either.
I'm really not a fan of her.
She didn't ask me a question about the current mood
in the crypto industry.
Didn't know how much what he's doing can hurt them.
So, I mean, she's been openly against crypto forever though, right?
So I feel like that's just another
excuse to go against it, but you guys also make
a good point saying, like, hey, is this whole
thing getting in the
way of that, right?
Because we can't have it. So,
I think there's definitely a
middle ground here.
It's pretty damning, right? That statement
that we came close.
We don't know that for sure. We don't know, right? We don't know. It could be anning, right, that statement that we came close. And maybe they – we don't know that for sure.
We don't know.
Right, we don't know.
It could be an excuse, right?
The final hour, but it does kind of feel like that.
They pointed to a specific deal that World Liberty 5 took like $2 billion from Abu Dhabi.
I think that's one of the examples that they're pointing to of foreign investment in Trump crypto company.
And now you've got these dinners, which are just like the outrageous headlines.
Like last night's dinner for crypto innovators
was $1.5 million a plate.
And then you've got the pay-for-play
top Trump holders dinner in a couple of weeks.
So it's like,
it's easy to poke holes in this stuff, right?
It's easy to see why this would make people upset.
Like, literal, like, pay-for-play.
Yeah.
Dinners and all these deals.
And where's the money coming from?
Are they buying influence?
There's just a lot.
Yeah.
Yeah.
I mean, look, I guess we'll see where this takes us.
I could see the pushback, right?
Because Talia, you brought it up on the show months ago.
You were one of the first people I said, hey, you were saying, hey,
getting very, very deep into the whole crypto thing with multiple companies.
But I also, it's funny, it's a little hypocritical from the Dem side
because they've also literally attacked our industry like crazy.
So it's like, I don't know who to trust type situation, you know?
We can only wait and see.
But Mendo also makes a good point here saying, hey,
like in some way we have to ask each other,
does it get in the way of what we're trying to achieve or not?
Well, it is, clearly.
Yeah, clearly there's beef right now.
Everyone's been calling it out
like it's just now if it becomes a problem
I think people will probably be able to get through
I mean this is a stable coin bill
this shouldn't be the controversial bill
if I'm honest
like
I think getting a stable coin bill is the
first of many
different bills that hopefully get through
the next one the big one around tokenization.
And that one was maybe going to be later in the year.
So it would just suck if this now became an issue,
which just gets canned, you know, for the next four years.
But the wildcard, there's enough money,
there's enough money in crypto
and enough lobbying, I think,
that hopefully it doesn't.
But this is a problem.
There's also a chance here that Coinbase is behind this.
So, cover that.
Go deeper, because you sent an article
I'm sharing my screen here.
It's the crypto article by Sander as well,
who's been boots on the ground ever since he got to pass.
Why America's biggest crypto company is trying
to stop a pro-crypto bill from passing.
Coinbase is asking lawmakers to pause on
passing a standalone stablecoin bill that could
see a vote in weeks causing tensions within
the crypto industry, sources say.
Why don't you take us through that?
Yeah, I think the rationale here from these
sources was that
Coinbase thought
they only have one shot to get a crypto bill through and they
want a more comprehensive bill than just a solely stable
coin focused bill. So I don't know if they have necessarily problems with what's in this
particular one other than the lack of additional things that are
in it. So what these sources are saying is that Coinbase
is kind of coming out and starting to
lobby against this.
Here in the article, we had the other side.
I think Coinbase came out and said
that's not the case.
So it's kind of like,
what do you want to believe here?
I mean, Sander, I don't think
is one to just go out and just make up
sources. No, no. We had this conversation behind
the scenes. These definitely have hard sources.
We don't cover, you know.
Coinbase wasn't not too happy about this article,
but sources are sources,
and we do have real sources.
I will die in the cell defending my journalists.
You know what I mean?
Because Sanders does a great job,
and he puts on the ground.
I mean, he's literally in the room right now.
So it's not great.
I don't like the whole vibe of like
how everybody at first was like united
to like elect Donald Trump
and like help crypto.
And then the vibe in DC,
even when I was there last time,
was very much like now that we're in,
let's, it's like each,
like chacun pour sa gueule in French.
It's like, how do you say it in English?
It's like everyone for their own, you know?
That's the vibe I got from my last trip to DC.
I'm not going to lie.
And this is what I'm starting to see here.
It's like, we got in.
We all got our foot through the door.
You saw Digital Summit.
You have everybody.
But at the end of the day, they're all competitors at the table.
Right?
Like Kraken and Coinbase and Binance and then circle and USDT.
These are competitors.
There's a lot of stake and a short potential time window to try to get all this
through. Yeah. There's a lot up in the air. Maybe we'll, we should know by
Thursday. Wow.
This is through or not. So it's coming to a head here.
I hope these companies, you know, and I'm sure some,
maybe this, our video or show will make it to them or whatever.
Maybe not, but definitely that article did make it to them.
Let me tell you that.
So I really hope they realize that like they could get in the way of the
broader crypto space if we don't unite all the way.
So hopefully this does not happen.
Anyways, Mando, tomorrow's FOMC.
So we'll talk about all that stuff, I guess, tomorrow morning on the show.
We'll see.
But Bitcoin strong, 94.3.
It bounced from this morning's 93-ish.
So long as at 143.
ETH, 1775.
And our FAR coin is still at 110.
So I'll take that.
I'll take that and we'll see where that goes.
Tyler, let's go into your topics and see what you got for us today.
For daily NFT and crypto analysis.
Tyler D on FOMO, our cause to kick it.
Ready to bash the bears.
Yeah, crypto majors have been lagging this morning while gold jumped 2% back to $3,400 to retest its local highs.
We've got Bitcoin at $9,400 here live this morning.
Those Bitcoin ETFs, they saw another massive day of inflows led by IBIT.
So we are seeing a continued streak of a huge amount of capital coming into those ETFs.
of a huge amount of capital coming into those ETFs.
We just talked about Senate Democrats trying to delay the Genius Act stablecoin legislation
due to concerns about President Trump's financial interests.
There is a new draft crypto market structure bill floating around the House
that would end the SEC's oversight over most crypto assets.
And there's more to it than that.
Similar Scientific, another company, they purchased 167 Bitcoin yesterday.
They're now up to $340 million.
Bernstein analysts are predicting $330 billion in corporate Bitcoin inflows by 2029.
Pretty big number there.
Florida, unfortunately, became the latest take to withdraw its Bitcoin strategic reserve bill.
CZ Binance, in his interview with Rope, said Bitcoin could go to $500K or $1 million in the cycle. Also called for the crypto market cap
to go to $5 trillion in 2025. So that's a
lofty target. Vitalik proposed reducing the Ethereum network's
complexity to make it more accessible and maintainable and more like
Bitcoin. So perhaps a reversal there. I think that Pectra upgrade
is set for tomorrow. Ripple
announced a $25 million investment in U.S. classrooms. VanEck filed for the first ever BNB
spot ETF, while CZ, again, is out pitching the sovereign wealth funds. I think BNB is a part of
that pitch. So that's actually a pretty interesting ETF. A Kenyan high court ordered WorldCoin to delete its citizens' biometric data within seven days.
So some global pushback against the iris scanning.
eToro filed for an IPO seeking to raise $500 million at a $4 billion valuation.
And then DeFi Development, previously Janover, they acquired another $72 million in Solana.
The acquisition, I think they've got $400,000 Solana now.
So they're building quite the corporate treasury.
Wow.
Into an airdrop in protocol news.
Bybit announced stocks, indices, oil and gold will be tradable on its exchange soon.
BearChain's Boyko rewards unlocked today.
Athena is bringing its USD, stablecoin, to hyperliquid.
And then AIMI.
What is AIMI, Amy?
He's the first ever agentic AI prediction market integration with Myriad.
I'm more into coming today, so look out for that one.
Memes, the meme leaders, they're kind of just red every day I check for the most part.
So they're red, chopping.
This company, Freight Technologies, announced plans to raise $20 million
to acquire the Trump meme coin, which I thought was interesting.
And then it dumped, right, the stock?
Yeah, it bumps, but then it dumped.
There's chatter of MOG penetrating San Francisco tech world culture.
So look out for that.
I want to talk about that after. for the show, MoonPay and Sacko, Safflo,
have partnered to add
ordinals and runes,
trading via Apple Pay, PayPal,
your financial
onboarding of choice.
So MoonPay, helping to try to save
our ordinals backs. Pups.
Pups, coded.
What's our Pups at?
You don't even want to know. Fuck it.
I'm checking.
Bitcoin puppets.
Pornos.
Oh my God.
It's 17 million.
Dude,
that shit is so busted.
Honestly.
Like I should just like sell it all and like buy a watch or something.
You know what I mean?
I thought about it last night.
I was like,
I can literally just get like a really nice watch and just call it a day.
And then I can look at my wrist to remind myself how stupid I am.
Every time I look at the time,
you know,
like I have enough to buy another Patek Philippe and I can just be like,
you are fucking dumb,
you know,
by looking at it,
for being up like a million dollars on that stuff at some point.
Anyways,
a lot of fun stuff to talk about Tyler today.
I like bias. I'm'm gonna go to the mog news
first because I thought it was fun and it does make for a great segment uh you know I know we
got intern listening so I was talking to the mog guys yesterday because they brought this to my
attention as well and I'm seeing so Nate Esparza so Esparza right he's the product at X. And he's just been tweeting about Mog all the time.
It's just like e-acting, but they're going with the Mog Act.
So like ever since this Gork stuff that we covered yesterday with Elon putting the moguls on,
and we talked about this yesterday, there's this like really funny movement of these like San Francisco guys,
you know, entrepreneurs and, you know, and employees of big tech companies
switching their PFPs to this,
and then talking about being MOG acts.
Look at this.
He goes, I don't know which community is stronger,
the Vine community or the MOG.
Tyler, what's going on here?
No matter what happens, these MOG guys,
they constantly manage to make the timeline about themselves.
I really didn't see the next chapter of Mog lore being San Francisco Tech Bros and coming from Gork, the latest AI agent on Twitter.
But here we are.
And I got to be honest, this makes me much more interested in Mog.
This could be something that drives the next leg up.
We're not seeing it yet.
MOG up 3% on the day.
Or 7%.
All right.
So it's up a little bit more.
But still, far off highs.
But this is the type of movement that could kind of recatalyze the bass,
get some new blood in the mix.
Yeah.
That PFP looks good.
I like those montages.
Long accelerate.
That is a good tagline.
And they all changed their PFPs.
Honestly, they made me one.
I may change my PFP.
I like my Penguin, but I think they made one of my Penguin too.
So it's cool.
I have to say it's,
I don't know,
man.
What are there? Like big San Francisco,
like there was a list of them that switched their names.
Nate,
the net guy is a procleter and the co-founder of replet.
It's a bunch of other people that changed their username.
So I don't know.
They're definitely good at mindshare stuff.
Tyler,
what else is going on here?
Yeah, let's see.
We kind of talked about the Moon Pay news.
I don't know if there's a whole lot to unpack.
It's an easier way to buy runes and ordinals.
Tempered Wizards are hanging out okay.
They're at like 0.18 Bitcoin.
Everything else is down pretty substantially.
Dog, the rune, is still at $250 million,
which is enough to put it in the top 10,
but also not catching a whole lot of love.
Everything else has been pretty rough out there.
I think Vitalik news with ETH has been pretty interesting,
and I think one to kind of start paying attention to
as we think about what are the things
that could kind of galvanize the Ethereum base.
So basically, he's kind of come out and written a new blog post saying that he thinks the Ethereum protocol is getting too complicated.
He wants to fix it.
He's calling for a radical simplification of Ethereum's core protocol.
His long-term roadmap proposes reducing the complexity of the base layer and its consensus mechanism, its execution engine, and developer tooling to make it more Bitcoin in simplicity while still preserving some features like flexibility and scalability.
He pointed to some features of the current design like epic slot shuffling and sync committees as being too intricate.
And that makes it harder to maintain, harder to onboard new devs. I think he made kind of an analogy that
a high school level programmer could come in and understand
the Bitcoin code base and how to program, but it's much harder to onboard
into Ethereum. So it's a pretty
interesting pivot here, right? And I think
it's one that users could
empathize with. I think part of the problem
that we push back on against Ethereum and why
Exelana has the lead with retail is this ease of
use. And it feels
like if there's a way to simplify, abstract away
a lot of this, I think it would be very well received.
So I don't know if there's immediate impacts
or takeaways from this,
but it's something to watch, right?
As we look at,
there's growing chatter that Ethereum
is kind of moving the ship
and it's a big ship
and it's going to take time
to really put it on a new course.
But it does seem like they are
actively thinking about it and trying to chart out what on a new course. But it does seem like they are actually thinking about it
and trying to chart out what that course could be.
Huh.
Okay.
I mean, I guess it's moving in the right direction, right?
Yeah.
I think you got to be rooting for it.
Hopefully.
I'm seeing a lot of people talking about Longinith on my timeline.
And I'm really scared.
I saw Trading Lord.
Saw a few other people
talking about this. I don't know.
Are we LonginEth, boys?
What's going on?
The problem with it is no one's had any rationale for doing it
other than it's oversold.
The Bitcoin ratio
is too low.
But now, if you can start to point to things like,
oh, okay, well, we're going to simplify ETH.
We're going to change the protocol.
You can have a little bit more meat behind your thesis there.
So where is this? Let me see.
Is this here?
Maybe.
Yeah, the simplified mathematical model that shows when to move to stage two.
Interesting. Interesting.
Okay.
He always gets fairly technical.
I know.
I need someone to explain this to me, like, in NBA terms or something, you know?
So, we'll see.
The code today is Myriad, but am I seeing that it's expired, Sims?
Maybe double check in case, because I think Rekt used it, but it's someone said, but it's Myriad, R-I-A-D.
Myriad, M-Y-R-I-A-D.
M-Y-R-I-A-D is the code today.
Reminder, yeet.com, you have to sign up using the FOMO Hour RefLink and you have to place a bet.
We noticed that over 50% of people hadn't placed the first bet on FOMA on YEEZ.
So you have to make sure that you place that bet in order to be eligible to make some money.
And we pick a winner every single day.
Anyways, Tyler, what else do you got for us today?
I feel like there was a lot to talk about.
Yeah, I think the BNB ETF is an interesting one.
Yeah, I saw the VanEck stuff, right?
In combination with your
recent interview with CZ.
I think
VanEck is the first company to
have filed for a spot BNB ETFs.
This is the first one. I think they got
some pushback for this.
But what's interesting is
we know that CZ is actively
having conversations with sovereign wealth funds and countries across the globe and talking to them about how to invest in crypto.
I think he's pitching Bitcoin.
I think he's also pitching BNB in some of these conversations.
these conversations, right?
And if he's going to be in the ear of these fund leaders and leaders around
the world, leaders around the globe, he's going to be pitching B&B.
That's an interesting, that's an interesting for me.
So I think that's going to be one to watch.
We won't be getting approval, I'd say like anytime soon, right?
Just add to the laundry list, and there's been
so many ETFs
pitched this year. I think
a few of the latest wave just got delayed
just because Paul Atkins, the new
SEC chair, he's got a lot on his plate.
He's like two weeks in.
So not expecting any of these approvals to come
super soon. But
B&B's in the mix now,
and I think it's got about as strong
of a case for
inflows as any of them do.
So I think
that's going to be one to pay attention to.
Yeah.
So can I ask why this one
was controversial, but like every other
ETF and their moms is not
controversial?
Can I just ask why? I'm genuinely curious.
Why is this one specifically controversial?
Because I did see stuff in my timeline.
I was like, I don't know.
I was kind of curious.
I guess just tied to this finance.
I mean, CZ was in prison for AML violations, right?
People just think maybe they align it more with scams rightfully or wrongfully.
But that's perhaps part of the stigma that's out there.
Yeah.
I don't know.
I saw Eric Bakunas tweet this morning saying,
a lot of people slammed VanEck BNBs filed yesterday.
Crypto and crypto crime is no joke.
But again, if you heard CZ speak last week, he said he's advising multiple governments on establishing crypto reserves and look like he's advising BNB to be part of the reserves.
In my opinion, maybe that's what caught Jan Van X attention and acted on it.
Again, just a theory, but it's pretty damn logical one because I don't know if you guys saw that, but he just went and met with the leader of Kyrgyzstan
to talk about Bitcoin and
BNB Reserve.
We will see.
Other than that, there wasn't a
whole lot of protocol
news. There wasn't really a whole lot of stuff out
the risk curve
yesterday in the AI space.
Virtuals keeps messing around with this points program.
You see some chatter about that, this Virgin Points system.
I think what's striking to me about their points program, and I'm going to FUD it, and I think our commenters.
I'm one.
I don't hold back on my virtuals FUD.
Everyone's talking about this point system and the returns they're getting
on these new agent trades,
and I haven't seen anyone talk about
what these agents are doing.
So to me, it feels just like
an AI meme coin launchpad
versus an AI agent launchpad,
which is fine.
That's what it is.
Just acknowledge that.
That's what you're trading on a daily basis
because I haven't seen anyone really talking about the tech
coming out of any of this.
And it does feel like kind of our crypto AI space
has still kind of been like a transition period.
What's going to come out on the other side of this?
And we've got more big players throwing their hats in the ring.
Visa and MasterCard are building rails for AI agents.
You've got Tether announcing Tether AI.
So the biggest players in the world are going to be building.
I think it's still very unclear what our near-term future,
for those who've been in the crypto AI weeds for the last year,
what that's going to look like.
I have no idea. Yeah. I have no idea.
Yeah. I don't know.
Amanda, are you still buying Tau?
Yeah.
Yeah, I am.
Oh, it likes to still own it.
Still own it, yeah.
Maybe that.
I don't know.
I don't know.
I have nothing in the AI, personally speaking.
Yeah, Fartcoin.
Yeah, but I kind of...
I don't see AI anymore.
So it's like...
For me, it's like the biggest meme now.
But I do still have my Fartcoin position.
I guess Rekt.
Rekt.
Yeah, we're going to throw Rekt.
The Rekt gay. I mean, look at this.
Ovi sent us this screenshot
in the chat just now. Tagged you
your favorite pattern.
What a comeback, boys.
I'm hype. I have a lot of this shit, dude.
I'm a big
older Rekt.
This comeback feels good to me.
It's gorgeous. I've been
saving this one because the launch is tomorrow.
Public sale.
I think we got more insight. They announced
the sales price,
the time. So you will be
able to order your erect cases
tomorrow. I think you're going to get
drink points. You're going to get abstract
XP for that as well. I think you're going to get drink points. You're going to get abstract XP for that as well.
I think
they're going to... The last round of cases
they sold were incredibly plus-eve.
I forget the exact multiple,
but depending where
you sold, anywhere from 3 to 5x.
Right out of the gate, it was at least a 2 to
3x for whatever you
invested in the cases.
And that rec chart looks good.
Just closure.
I've been buying.
I've been buying debt.
So I've been building up the rec position,
but I like it.
Yeah.
We'll see.
He's cooking.
I saw Mando's rec rant that someone clipped the other day was good.
So everybody's fine.
Got to give it a pitch.
Don't we?
Dude,
the apple flavor is good they were dude every single fucking event in dubai was serving wrecked drinks i'm not kidding i went
to the supercar rally drove into the desert in iraq like northern part of dubai they had like
part of the gift bag you got was like hats all this stuff and then two wrecked drinks
then uh the event that we partnered with, like the whole Bing
Bong event, Nova, there was red drinks.
The magic eating thing, there was red drinks.
Our vendor was like, there was red drinks everywhere.
And then Ovi came, I saw him for 36 hours, came to our party.
He came to deliver red drinks.
Like there was, they were everywhere.
Right.
Cause they, there's this opportunity to like dominate.
Like nobody went and made drinks in this industry,
like in crypto, right?
Can you think of another company doing drinks?
I don't think so, right?
So like, you know how like Luca dominated the plushie game
and everybody tried to do plushies,
but like Pudgy's still on top.
He's just dominating the drink space.
It's like a smart.
It was sharp.
He's great at permeating these events.
I mean, that was one of my bigger takeaways from Miami. His wreck was everywhere. Well, it was sharp he's great at permeating these events I mean that was one of my bigger takeaways
from Miami was rec was everywhere
well it was even more everywhere in token
which is crazy yeah yeah even more
and that's on the other side of the world like it was
every single I was shocked I went to this car rally
we're this sick ass hotel
I look into my bag there's two rec drinks
you know what I mean I was like what the hell
you know what I mean and those people
are not web3 like more than half the people? You know what I mean? And those people are not Web3.
Like more than half the people that were at that event were not Web3 people.
So that's that.
No, the guest.
It's going to be another day, by the way, Tyler.
So we should probably go into – we could probably get into our giveaway
unless you have anything else to cover, Tyler.
No, quite a day.
Hopefully we get a little bit more action
today. Get a pump.
I would love to see the next leg of this
pump here.
Me too. I'd love to see bigger like
1, 1, 0, 2,
1, 0, 5, something like that.
What are we pumping, Mando? Can you do something?
Yeah, what are we pumping?
What are we pumping, Mads?
Fartcoin? Fartcoin, it feels over-owned. I just feel it right now.
I don't know. It's still 1.10.
I still have the position, but like it's the same.
Pops? I mean, Pops is history, low market cap, you know? Now with Moonpay, you can buy Pops has history, low market cap, you know.
Now with Moonpay, you can buy Pops.
Pum Marriott.
Yeah, Pops.
Pops is the thing, then.
Let's go with that.
Marriott doesn't have a token yet.
Yeah, when?
When token?
Not for now.
Surely CZ can give you a little taste.
Let me cook.
Let me cook.
Let me get...
Pick a winner.
Admiral DMT.
Admiral DMT. Congratulations congratulations come on stage you win come make some money baby admiral dmt congratulations you win uh you just gotta come on stage. You gotta come on stage. There he is. Let's see him.
Let's do some coin race again. I really liked it yesterday. Can I just do more coin race? You guys down for that?
Yeah, I'm down for it. It's a fun one to get him to choose straight away.
Yeah.
With two coins.
What's up, Amiral?
Thank you, guys. Finally.
Hell yeah. How you doingiral? Thank you, guys. Finally. Hell, yeah.
How you doing?
I'm okay, man.
All right.
Well, look.
Congratulations.
You already made 500 bucks.
That's for sure.
That's bad.
You already made that.
So, congrats.
Let's go.
Hell, yeah.
Now, we're going to play some corn race.
Are you watching us on video or are you just on audio?
I'm on audio, man.
Perfect. So, look. It's very simple. Corn race, you watching us on video or are you just on audio i'm on audio man perfect so look it's very simple coin race you have 500 to bet we're gonna let you pick three coins out of
five so you have an order of multipliers it's bitcoin is a 2x uh ethereum is a 4x solana is a
5x doge is a 10x and farcoin is about about a 50X. You have $500 to spend.
How much do you want to put?
Pick three coins and how much do you want to put per coin?
Ethereum, Solana, and FARCoin.
Perfect.
How do you want me to split that $500?
You decide, man.
Okay.
So we'll do...
What should we do, lads?
He's letting me pick. Should we do like $150 on ETH, $150 on
Sol, $100 on Farcoin, or how would you split it?
Nah, we're already
banking too much. We should just
go for it with one or two of these, right?
So the thing is, Farcoin yesterday
had a limit of $200, Mando.
That's why I went for three.
I mean, that's what I mean.
But I think Bitcoin
and Farcoin, the perfect barbell.
No, so he wants ETH and Sol.
Oh, okay.
Let him do that.
He wants ETH, Sol, and Farcoin.
He does?
I thought you said you're cheating.
No, he does.
He picked.
He picked.
Do it.
Do it.
ETH, Coin, and Sol.
Just do those two then.
2-1, maybe?
2-2-1.
Let's do 2-2-1.
So it's a 200 on ETH, 200 on Sol, and 100 on Fart.-1. Let's do 2-2-1. So it's a 20th, 20th on Sol, and 100 on Fart.
All right, let's do that.
Place your bets.
All right.
1, 2, 1, 2, and 1.
All right.
Are you ready?
Let's go.
Let's go, baby.
62X on Fartcoin, if that hits.
Let's go, Papa.
Come on.
Run it.
Run it.
I love the music. We can't hear it. Let's go Papa come on Come on, Ethan soul baby, so come on get that
Get that Solana.
Go Sol, go Sol.
Sol, Sol, Sol.
No, no, no, no, no.
That's too bad.
That's too bad.
Well, that didn't work out.
Bitcoin won.
Bitcoin won.
But guess what?
It's okay because you still made $500, Admiral.
So congratulations and thank you for listening to the show.
Thank you, guys.
That was so much fun. That was so much fun.
That was so much.
Hey, so a lot of that $200 still would have been an $1,100 return.
That's not bad, lads.
That's not bad.
All right.
Well, that was a fun show.
That was great.
Perfectly on time.
So reminder to sign up.
Yeet.com.
Use referral code FOMOHOUR and place a bet on a game in order to be able to win.
We give away money every single day.
I think we're, I think Sims shared something
with me. We passed like
$15,000 already.
16 grand almost on the nose.
Wow.
Okay. Wow, we've already given
16K and we gave away one and a half
million dollars last year with RollBit.
So you listen to the show,
not only do you get to like literally entertain yourself,
learn about crypto, get all the news,
but also you have a chance to make some money.
So with that, with that, with that,
I will see y'all tomorrow morning,
10 a.m. Eastern time for another episode
of Film Hour on RUG Radio.
Let's go. Thank you. Thank you.
