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FOMO HOUR: MARKETS, GREENLAND, DAVOS, DAILY NEWS!
Recorded: Jan. 20, 2026 Duration: 0:53:39Space Recording
Short Summary
In a dynamic discussion, key trends in the crypto space emerged, including the NYSE's shift towards 24-7 trading and tokenization, Bermuda's on-chain transition with Coinbase, and significant investments from major players like Saylor and Lee, indicating a bullish outlook for the market.
Full Transcription
Check.
Yep.
Perfect.
What's up, y'all?
What's up, y'all?
What's up, everybody?
Bam, bam, bam, bam, bam, bam, bam.
All right.
We're all in? We're all in? We're all in? All right. It're all in?
We're all in?
We're all in?
It's Kuka Charlie. Thank you. I'm out. Yo, yo, yo, yo, yo, what up?
What up?
Good morning, good morning, GMG.
Is it my favorite day of the week yet?
No, it's not.
Tuesday, January 20th. God damn, dude, these weeks are getting longer.
2026. Look at that. Another beautiful day to have a beautiful day. I got my co-host in the house.
Tyler, good morning. How are you doing today?
I'm all right. Can January just end?
Dude.
It's been a rough one.
I spent 16 first days of January not feeling well or coughing or being somewhat ill.
And on top of this, this market is fully barred it on the way up and down and up and down twice already.
I'm ready for this month to finish.
And now in Chicagoland, we're getting an insane winter storm.
I'm assuming negative 35 this weekend.
So this month.
You're talking Fahrenheit?
That's Fahrenheit.
So yeah.
That's 37 Celsius because they meet at 40.
So that's close.
Wow.
Wow.
You don't leave your house during those times.
Having done 21 winters in Canada, or maybe more,
it's the same out here this weekend.
So, well, out here, you know.
But it says definitely cold in the East Coast right now.
But it's always like that, right?
Mid-Jan, Feb, those months kind of suck.
At least their days are getting longer. Did you notice?
I was chilling this weekend
and it was like 5 p.m.
and it was sunny out.
And I was like, ooh, we're almost there.
There's the optimism that we needed.
We've also got our friend Tom Lee
sharing some optimism.
We'll get into that.
I love that.
I love that.
Shout out to Tom.
Well, let's get into that.
Markets news.
It's still Tyler and I only this week.
Our boy Mando is busy at a casino conference.
So he's cooking up for our bags.
So we'll do markets.
We'll do news.
And then we'll just get some money away.
No guests tomorrow, but big guests tomorrow.
So it will be fun.
And with that being said, I mean, Ty, let's just, you know, let's dive right into it.
For daily NFT and crypto analysis.
Tyler D on FOMO, our cause to kick it.
We're ready to bash the bears.
Yeah, folks, it's not great out there for crypto majors.
Bitcoin down 3% now today, 90,200.
Looks like we may lose 90K live here if the 10 a.m. slam keeps going.
ETH down 6%, 3022.
3K now in question.
So I'm down 4%, 12850.
So just totally rejected out of that 145 range.
Stocks opened today after the long holiday weekend.
Looks like the NASDAQ's down about 1.5%.
The dollar is also down.
I think Wiz called this the sell America trades.
The dollar's down.
US stocks are down.
Crypto is down as well.
You know what's not down is metals.
Gold's up another 3%, 47.50.
Silver's up 7%, 95.
Platinum's up quite a bit as well.
And the natural gas, perhaps tied to this massive cold storm
hitting the entire eastern half of the United States,
natural gas is up 25% on the day.
So there's some big moves
in certain sectors here. Dalio's been on the timeline. I feel like he pops in once a quarter
whenever the geopolitics start to come to a head and kind of shares his views about the global
world order changing into this new polarized
version of the future.
He shared these concerns last year
amidst the tariff concerns
and it feels like he's kind of back
beating that drum again while
financial leads are all at Davos.
I think Trump is at Davos
but he's escalating rhetoric
with the European leaders right now.
They're having what kind of feels like a little bit of a dick measuring contest.
If I'm being honest. And then the Japanese bond market is,
is above my pay grade. I think we need our quant man to comment on that,
but it seems like Japanese bonds have made some significant moves overnight, which is also perhaps somewhat tied to this market action.
So that's something to watch.
Sailor, we got the big news out of Sailor and Tom Lee.
Each week we get their buy updates.
Sailor bought $2.13 billion.
Yeah, like $150K.
And it's $5.280 average.
So if you were watching live last week when we candled up to $97K,
that was basically an hour down 5% under his buys, unfortunately.
And then Tom Lee came in with another $110 million.
So he's clipping in $ million a week basically. And yet
we're still down. So we'll touch on that
more as we get into some of this. The biggest headline, we talked about this yesterday,
New York Stock Exchange announced they're going to be getting preparations for 24-7
around the clock stock trading and tokenizing.
So they're leaning into blockchain,
folding into tokenization.
So this is one of the biggest,
again,
one of the biggest financial players in the world.
And then we got news about Bermuda is moving fully on chain.
They're,
they're retiring national economy.
So Bermuda is going on chain and you're fading.
They're,
they're working with Coinbase and Circle to do that. It was a lighter
macro crypto headlines. That was really it downstream a little bit. We had Pump Fund come
out and announce their Pump Fund as they look for ways to invest in their ecosystem and more
infrastructure. This is actually a fairly significant shift. So we'll talk about this more.
Magic Eden announced 15% of its revenue going to buybacks
and distributions to stakers.
And then MegaEth is doing their global stress testing
ahead of what looks to be a mainnet launch next week.
So Mega is coming here very soon.
So excited for that.
And yeah, that's really the roundup here.
Wow.
Look at that.
All right.
Let's start with the baby blood drinking conference here.
Davos, the WEF.
Two years ago today, I actually went there with...
Oh, did you? two years ago today, I actually went there with, with, with, with, with, with locks and,
and what's his name?
Mando.
We did,
we were not invited to any sacrificial rituals.
As a matter of fact,
we were not invited to any of the cool shit.
We just went thinking it would be good for crypto.
Cause it was like crypto forum on the side.
It was actually not bad.
I met some people from,
from a large exchanges at the time, et cetera. But it was interesting. It met some people from from a large um exchanges at the time etc
uh but it was interesting it's interesting the davos thing so the wef happens in davos and davos
is one street and that one street well it's bigger but it's like everything happened on one street
and that one street on the mountain is like there's a bunch of this and all the stores
turn into houses and it's like the coinbase house the this house at that house
at this house at bloomberg wall street journal that's one street then you'll have like bill
clinton randomly just walk in the streets and walk like it's like that um snipers armist trucks
military everywhere it's kind of gangsters i'm not gonna lie um but uh it's different energy
so the wife is going on this week it looks looks like it's going to impact our markets.
That's what I was thinking, at least, Tyler.
It looks like it's working, right?
We just broke down.
Below $90,000 on Bitcoin, you know, following all the Greenland news and et cetera that
we don't need to review.
You know, Davos is where all the big, all the world leaders give speeches.
And the speeches don't seem like they're going to be the most
positive foreign markets this week.
Right?
Yeah, I haven't
really plugged into many of the speeches
yet, other than
what Dalio has been
mentioning.
I think the big one, and this is
somewhat, we don't need to rehash all Greenland,
but a Denmark fund manager came out and said they're going to start selling u.s treasures that
was one of the latest in this kind of escalating conflict and again this feels like one of those
things that can be reversed right like one phone call trump posts on true social had a great call
Like one phone call, Trump posts on True Social,
had a great call with Denmark,
and we're going to get the deal done, right?
And everything just rebounds.
The question is, if and when we're going to get that phone call, right?
Is he going to let this play out for weeks and months,
kind of like we had it play out last year,
or is this going to come quicker?
Yeah.
Quicker.
So, kind of hard to predict right now.
Yeah, it's what you just said, right?
So, you know, I think Macron was saying,
we're not going to,
whenever it's the French president,
he was saying, yo, we're not going to give in,
and this and that.
Trump said, like, his speech at Davos
is going to be fireworks or something,
so we'll see what happens then.
Besant was just on, I think,
right before you and I got on.
They're keeping a strong stance
on the need for Greenland,
so they're not going to give it
back out on that.
So if you follow the Kobesi letter thing
that we went over yesterday, you and I,
Trump talked this morning
about how they're in conversation.
So that technically would be step eight, stage eight,
which is like they start getting combos.
Then the next thing you know is they're kind of backing
and they're becoming friends again.
So we would be here in the playbook, technically speaking.
So it was here.
The following weekend, roughly a week later, President Trump posts that discussions are on the way.
I guess he did it now already.
But these discussions don't seem to be very productive yet.
So we'll see.
We will see.
Not a whole lot else to say about it.
That's kind of what's driving the market at the moment.
It looks like we just got news. The
Supreme Court's not going to rule on the Trump Terrace
again. It's like, why are they even
setting these dates? They've kicked
the can down the road three times. Yeah, we just
bounced off of that.
We just set a real date.
Oh, wow. So we're back over 90.
Look at that. Should we pull up the charts
for a second? I am about to. Soaring.
Oh, no. Look at this.
Oh, no.
This is a line we've had for three months now.
I mean, we're still good.
We're still...
If we're back above it, do we count that as surviving?
I mean, do we change the line?
Technically speaking, is it...
Change the line. Draw speaking, is it...
Change the line.
Draw a new line.
Is it this one?
Well, seriously, is it technically this meme line?
But see, this is not good, right?
You don't want to break below 90, so I'm not even going to do it.
89.4, I think, was the number I had. 89.4 you have.
89.4. Do you the number I had 89.4 you have 89.4
do you okay
I would say
to keep the lower
I mean here like oh you're having this one
so you're going based on here
you're going here not here
because here we're already lower low
technically so 89.4
yeah
from your mouth to god's ears dude she'll see it chicken oh he
did share that he's been public with Z3 he cut the ether was it broke down below
32 we got signs of it last night right it was like 31 it was in that 31 60 31 80
range and I was kind of wondering like does this count as a breakdown We got signs of it last night. It was in that 3160, 3180 range.
I was kind of wondering, does this count as a breakdown?
But then I fully lost that all the way to 3020.
What is it now?
Okay, so it helped.
For me, my one line I drew a bunch of time ago with you guys is here.
You break down below 2975, and it's really bad.
So you want buyers to step in, which is a good segue to –
you were talking about Thomas J. Lee.
So what's our Tom Lee saying here?
Yeah, two updates.
One, there's weekly buys.
So they bought another $35,000 for $110 million last week.
He's continuing to drive down his average.
His average has to be below 38.
His average is nice now.
What do we see?
Do they have a website with the average and everything?
I don't know if they
publish that
every week.
It wouldn't be a huge
lift to probably calculate that. I think it would be it wouldn't be a huge lift to probably calculate
that. I'm going to see
if they've got it in their weekly update
here. So now up to 4.2
million tokens.
Wow. What I don't
know is if they've... You probably
have to go back through each of the announcements
to see
at what
price they bought that 4.2 million
ETH. That's a lot of bias.
Looking through the announcement right now.
They're up to 3.5% of the ETH spot.
5% is within...
Joseph Shalom was saying
they're going to get there by mid-year, right?
About Tom?
Yeah, by mid-year.
That sounds right.
So BitMind is 74% of the way there.
Of the alchemy of 5%.
What happens at 5%, Tom?
What happens at 5%?
Well, you're going to have to find out.
Is he going to stop?
Because as he gets closer to that, if there's inkling that he he going to stop? Because as he gets closer to that,
if there's inkling that he's going to stop,
that becomes bearish, right?
Wait, hold on.
Their average is just $3,200.
I think that was...
They're saying...
I think that was the price when they pushed.
Wait, no, listen.
No, no, no, no.
Bitmine provides latest holdings.
$14.5 billion in crypto
in total plus moonshots.
That's 4 million ETH at $3,200.
I don't think that's their average.
I think that's where they drew a line in the sand
for their weekly update.
But why are they putting
4,200 ETH at $3,200?
I think that's their $14.5 billion.
Do you think?
I don't think his average is down $3,200.
Does anybody have the right source for that
that's listening to the show?
I don't know where to find it anymore.
Yeah, let's see if I can track it down.
No, no, no.
See, the total they have, right?
They have $4.2 million billion.
They have $4.2 million ETH.
That's their total amount of ETH per this.
Right?
Right.
They have 4.2 million ETH. So when they tweet something like 4.2 million,
that leads me to believe it's a 3,200 average note.
I don't think it's going to be that low.
He bought too much.
Much higher.
Hmm.
My read is every week they do these announcements
and they say, here's how many eats we have
at this current price.
Ah, okay.
That could read like that.
And they wrote the update a couple.
I mean, ETH hasn't been $32.11.
When was ETH at $32.11?
Oh, it was $32.11 last night.
So if they wrote this up last night.
I mean, last night, yeah.
Last night was $32.11.
I see.
Wow, we're going to go below $3,000 now on the show.
So the market's a little shaky, ladies and gents,
but just
this month has showed us something.
Next Monday,
you could be $97,000.
Just take time.
Be careful.
He's still saying the optimism.
He says we're closing the day green.
We will see if he's right.
I think we all knew that Tuesday morning was going to be a scary morning.
All signs were like stocks were already going to roll over a bit.
And then we had all the tariffs and whatnot.
So we'll see where this settles.
It's still fairly early in the day.
I'm more interested in Saylor buying $2.1 billion in Bitcoin.
So it looks like we got somewhat of a breakdown.
$300 million of that came from stretch.
So the biggest amount that he's been able to pull from stretch ever,
which is a fairly significant update.
I think I saw stretch stocks still hanging out.
It looks like it's 99,
So it's,
it's keeping the peg at a hundred.
So he's going to be able to keep doing this, it seems like,
unless stretch really breaks down.
question is, A, is he going to keep the foot
on the gas like this? And then B,
just, my God, where's all the sell pressure
coming from? Because I put this in the group chat.
The Bitcoin ETFs added
1.3 billion last week.
Saylor bought 2.1.
That's 3.4 billion in
buy pressure from Saylor and the ETFs.
But then Wist told me something along the lines of
6 billion sold. I don't know if he was joking
with me, but
maybe he was, but there's still some
people selling.
Clearly. Yeah, clearly there's more sellers
than buyers because those 3.4 billion
and we're down 5%.
Yeah.
We need them to stop
selling at some point.
It's fucking it up for everybody else.
I mean, Bitcoin sellers.
You just don't want to see Ethereum win.
I get it.
We were looking good.
And then
and then that
yeah I mean he's down 6%
he's down 2x bitcoin
dude
just leave it up to him to buy it at $96,000
you know what I mean like fuck
god damn it come on Michael we like you
we like you
man this is ball looks like we bounced off 90
and 3K again.
So a lot of volatility live.
Look at the rest of the board.
I mean, Zeke's at 356.
It really, oh, it's been narrowed up 540.
So it's really sold off now from where it was.
Probably some folks wondering, so is that trade over?
Is it just going to go the same Zeke path?
Where you have the
blow off top,
you have a couple other big runs up,
and then it slowly grinds down over time.
Yeah.
It's tricky.
Privacy
as a key
theme of the next three to four years makes sense.
These tokens are tough to trade, though.
Yeah, very tough.
Dogecoin is off-sense.
The next support is at 480, 460.
So, yeah, we'll see where it bounces.
I mean, the rest of the board, I mean, Farcoin gave a ton of it back, right?
Kind of the whole meme sector.
I just picked that one.
The whole meme sector gave most of the gains back.
Pump is green on the day.
We'll talk about Pump here a bit later, but it's still down.
Aster is at 59 cents.
Whoa. Watch about that one in 59 cents. Whoa.
Talked about that one in a while.
Wow.
We haven't gone there.
Yeah, I mean, with Hyperliquid's performance doesn't help Aster,
but yeah, that's terrible.
Whoa.
Whoa.
What a trade that was at first.
Yeah, even Hyperliquid, right, has been kind of getting smashed.
Let me bring it up.
Let me bring it up.
There you go.
Yeah.
Wow.
Man.
I mean,
if the Bitcoin,
if the bears are right,
if we're a Bitcoin revisit,
say there's average,
say there's average average of 76k.
Stop.
If the Trump tariff turmoil part three
goes on, if we get there,
I mean, I think I might get my hyper re-entry at 13.
Yeah, Wiz was talking about 18 on the stream last week together.
That's his levels.
Wiz had a good post about the market this morning.
Not this one.
Not this one.
Jesus Christ, Wiz.
This one.
He goes, what we have here could be seen as a mini black swan,
but then again, having through a previous Trump presidency, this is very normal.
The sell America trade from last year is back.
We're seeing selling off of American stocks aggressively as well as selling of American bonds.
Yields are flying high.
We are seeing all the cash from these assets go into gold and silver as they make new highs.
So he's saying this is the same trade we saw in March last year during the height of the trade war.
And, you know, he's saying, will it go to 88, 77, or to that 91?
We had a strong bull trend building in the market.
The rally was crushed by this mini black swan event of the new trade war with Europe.
The longer it takes to get a deal down, the more American-based risk assets will dump and crypto along with it.
So TLDR is kind of what you're saying also.
It's like just don't catch a falling knife without –
like some people sometimes say, oh, you're talking politics.
Like you kind of have to.
Like we kind of – you know, the market here depends on politics 100%.
So someone's saying ETH BTC breaking down.
Yeah, that sucks.
We were looking really good.
Yeah, fuck, dude.
This sucks. Like we were looking really good. Yeah. Fuck, dude. This sucks.
Like, we were looking really good, Ty.
Fuck.
Yeah.
It's going to be easy.
You know, we're not going to just...
We're not just going to go parable up to...
Back to local highs.
Or all-time highs.
It doesn't seem like...
I think there is...
The silver move specifically
has gotten me more optimistic.
Why?
Just how fast
this can happen. Silver is a
$5.4 trillion asset.
Is that Kaleo's post you
going on about?
I've seen a few. I'm not sure of Kaleo's post you're going on about? I've seen a few.
I'm not sorry from Kaleo,
but just seeing an asset that big,
around 150%, I know silver is a different asset than Bitcoin,
and there's other aspects of that trade.
It's actually needed for some of the AI boom and whatnot.
needed for some of the AI boom and whatnot.
Yeah.
Maybe we retest all these lows again.
I mean, at the beginning of the year,
we were talking about retests of like 80, 77, 80, 27,
all those levels.
Then obviously the market turned.
So by default, you got to turn somewhat bullish
in the short term.
It's not like we knew this whole thing was going to tear for it.
It was going to come back.
And now you think there's a chance that we start
what's going on.
So yeah.
Anyways, let's talk about all this shit.
We can go downstream.
Let's go.
The biggest story in New York Stock Exchange,
and we talked about this a little bit yesterday,
because I think the news broke before the show,
but they're basically, they're leaning into 24-7 trading,
tokenized representations of stocks and ETFs
with the same rights as shares.
So this is going to be the real deal,
real tokenized stocks.
They're pointing to faster
on-chain settlement easier clearing less counter-party risk um and you know i think there's
already a discussion i think some of the the discussion slash debate out there i seem to take
that uh this is a death blow for perp dexas i don't know that I necessarily see it that way.
There's going to be more opportunities for spot trading
of tokenized assets, but are we assuming that
New York Stock Exchange is going to have perps on top of their
tokenized stocks, or maybe you're saying there's going to be more competition. I don't know.
But I guess I don't necessarily see it as bearish hyperliquid.
That was not my first reaction to this.
I've also seen the take that this is bearish crypto because now there's,
you'll just be able to trade whatever.
But I think you have to take a step back and, and just consider the fact that they are moving into crypto
rail like this is going on the blockchain. I still view it as
growing the overall pie so I think it's Bosch.
It's not something that's going to pump any specific token right away.
I do think specifically it's
probably the most important most Ethan Saul though right
so the more tokenized
assets you have
the more big players
leaning into tokenization
BlackRock Larry Fink
and the CEO
had the big talk
in December
but they're talking about
how tokenization
is going to be
one of the key trends
themes
2026
they're tokenizing
on Ethereum
so just because
New York Stock Exchange might be building their own platform
doesn't mean others aren't going to be tokenizing on our existing L1s.
So I still think if I had to point to an asset,
most bulls, probably ETH.
But again, this is a much longer term bull case
and nothing is going to play out on like a day to day basis.
I think overall, this is a bullish news.
And that tokenization is just proof, again, that the whole world will be tokenized.
Right. And we've been talking about this for a long time.
Now, what does that mean for Farcoin?
I'm not sure.
However, you know what I mean?
I use Farcoin as an example of meme coins in general,
but I think what it shows is just that
these crypto rails are going to continue to be used
for the financial system.
You know?
And if you have countries moving on chain, right?
So it's...
It's just a signal that blockchain and cryptos are legit.
Like, should this news send Bitcoin back to all-time high?
I don't know.
But should this news make you bullish about the tech?
Sure.
But then what does it mean for your bag?
I don't know.
Clearly nothing.
I think one, maybe this is a little bit of a stretch,
but I'll put my permable hat.
I think it's just another one of those factors that makes your neighborhood financial advisor a little bit more comfortable recommending 1% to 2% allocation into crypto.
Because you have another signal here, another huge player entering the space.
And it's a little bit less contrarian.
It's a little bit more consensus than this day.
And yeah,
you know what?
Why don't,
why don't we put one or two percent of your portfolio into their crypto
majors and we'll diversify it a bit.
and I think that's still the,
the infinite TWOP is I've called,
I think it's still just beginning.
So I think that's still part of the longer bull case to come
and what carries us through a potential super cycle,
even though the super cycle is harder on days like this.
Although we had a nice little bounce off 90.
Yeah.
I think you don't want to trade right now.
I think most importantly is you really don't want to trade.
We're in this weird mid-range, and I don't think you want to.
Yeah.
I don't think trading is smart here.
Dangerous.
Damn.
Anyways.
I mean,
I think it's fine to DCA with longer term target.
But if you're trading on perps,
I mean,
good luck.
Yeah.
It was like an impossible game.
That was really it for macro.
I think the other biggest one was the New Zealand Pump Fund.
This is a big one.
We'll come back a little bit.
So yesterday they announced that they're starting up this pump fund.
It's their new investment arm.
I think you're seeing more of the bigger players kind of start to go this
route.
We know they have tons of cash,
so they're going to start investing in projects to,
to strengthen their overall ecosystem.
And they've also come out and have one of their very first initiatives.
It is going to be this build in public
hackathon, $3 million in prizes.
They're going to fund
12 projects with $250K
and a $10 million
valuation.
I'll come back to why that's
meaningful in a second. They're going to offer
mentorship, access to their team,
all of that.
It does come with some requirements so that the teams will have to launch a token,
build a project, have at least 10% of the supply.
Building it public means they'll have to post on X,
they'll have to have a community.
They're also encouraged to stream on pump.
So they're definitely leaning in for pump functions, features.
Does it have to be a crypto- related project? No, that's interesting.
I actually had picked up on that when I saw this yesterday and the deadline is
February 18th. So we have about a month on this.
But one of my takeaways is,
so this is getting a little bit more serious, right?
This is them investing in projects. This is not memes.
I mean, you can have the
discussion about whether, you know, if a project doesn't have a way to drive revenue back to the
token, is it ultimately just a meme token anyway? But putting that conversation aside, like this
is them investing in projects to build real products and not just saying, okay, we're going
to pile 25k into
your favorite meme coin.
Which is some of the shit they were doing last year, right?
And we saw it didn't really move
the needle at all.
So this is a more
mature thing to do. I love this.
I really like seeing
projects in the limelight
to try to
do hackathons to
go this
route. I think
it does raise questions on the meme trade.
Does this hurt the pure meme
trade for the
near interim future?
question this. It's very
specific. They're going to fund $250K
at a $10 million valuation.
I'm not a VC.
This isn't my wheelhouse.
But just giving the product an immediate $10 million valuation, I thought, was a little bit surprising versus kind of giving them maybe more of a custom valuation based on what you pick and what you select.
What that means, though, is if you can identify the tokens
that are applying for this project,
if you think they will have a chance to win
and their valuation is less than $10 million,
there's your trade.
So if you know that broke just as an example
is making a project to throw in pump fund
and you see the tokens
trading at 500k
and then you start to do diligence
and the project is like hey this actually has a shot
you have 20x
if it wins
so you're going to expect
to see some speculation on the projects
that are entering the hackathon.
We've seen iterations of this in the past as well.
When Solana hackathons are happening and these projects have tokens.
So not totally new.
But I think the trenches are looking for some direction right now.
That's a fact.
We just had a passing fad meta that's already seemingly over with Claude.
The folks who are still here clearly want to trade.
But it's looking for something maybe a little more substantive to trade.
This might be the answer to that.
Of course, we'll see how legit these projects are.
Part two is how are their tokens going to be done?
We keep having this
discussion. It feels like it's...
I know.
We're getting closer, but then the Clarity Act,
I mean, that's a part of all of it
as well. We're not going to
have the answers for the Clarity Act most likely by
the time this hackathon
is live in mid-February.
I like it.
It's interesting. I like it. It's interesting.
I like it.
Alan and team are back.
They're not just walking away.
So, yeah, I was a fan of the announcement.
We'll see where this one goes.
I'm a fan.
I like it, dude.
I don't hate it. The video looks funny.
We should probably watch this video.
It's like this went South Park route.
Yeah, they sure did.
Oh my god, it's Marken. proudly announce that we have raised 15 billion dollars.
Ahem.
We plan to invest those 15 billion dollars into young founders.
Just to fuck them over and dump on retail when we exit.
Oh, and good luck ever getting a hold of us unless you're ri- I like it.
This is nice.
We hadn't watched the video.
The $10 million valuation
is just, hey, you can get it
on the ground floor.
Yeah.
Versus having to buy
a token at $2 billion
when it's like
TGE in two years.
I like it.
I like it.
I like these initiatives.
We can tie this back to Trove because earlier
someone in the chat wanted us to talk about Trove.
I feel like it's a little bit beating a dead horse.
I feel like it's been talked about, but effectively, what happened with Trove,
they paid KOLs to run a marketing campaign for them ahead of their public ICO.
They were raising at $20 million.
They ended up completing the raise.
Completing the raise.
I think they raised $2.5 million.
I think it was oversubscribed.
And within a few days, FUD started coming out.
They weren't using the funds the right way.
They ended up announcing a pivot to Solana.
And then they TGE'd yesterday.
The token opened at $20 million and fell 90% in a few minutes.
Let me pull it up.
Where can I even see the token?
I can probably.
Yeah, I found it on Dex.
Here, I've got it.
It was down 98%.
Let me get your message one second.
And this isn't even down like 98%.
Whoa.
It's not even one of those candles where like,
it shot to like a billion,
you know,
briefly. And then I came to the actual price.
Like,
it opened at 20 million,
which is where they raised.
Whoa.
Holy shit.
fuck.
Wow. So. oh fuck wow so
I mean everyone's going on like that
the KOL route I think that that discussion's been had
I think this is a bit of a wake up call
for folks
that hey like
gotta do some due diligence
embedding on new projects
right and just because something's coming out at a lower valuation relatively,
it doesn't mean it's just going to be like an easy 2X or 3X.
And I think we had the MetaDal run in Q4 where seemingly you've got a lot of
products that get oversubscribed in this $10 million to $40 million range,
and the first three all did like a two to three X.
And so then more and more folks see that and they're like, okay, well,
I'll, I'll fire on the next one.
Maybe they read two sentences about what the project is and then they fire the
funds in.
And I can be guilty of this at times as well.
Just, just chasing the quick buck.
And like on the two line description for Trove was fine.
It was an RWA perpdex.
It was a perpdex for RWAs.
It had all the buzzwords.
It was going to be on Hyperliquid.
But the Emperor
had no clothes,
so to speak.
The Emperor had no clothes.
We've seen that a lot.
So we can call for the space.
Like, all right, this can't happen.
You can have minus 99% of ICOs.
So take care of your capital.
Know what you're investing in.
And guess what?
You don't have to fire at ICOs for projects that you don't really know much about.
Just because you saw Joe Schmo down the street.
Joe Schmo from Crypto Twitter is investing.
Yeah.
That is, um, yeah, that is interesting.
We don't need more wake up calls.
It's hard out here.
That's a fair reaction.
Yeah.
Is this fully a scam?
Should we buy
no I would not tell anyone to buy
I think they're like going like
lawsuits are being talked about
because they like full on change the terms
of what the
project investment yeah
ICO so like there's real problems here
I think the founders trying to find ways
to keep the money back. I don't know the details
of all that, but this is a stay away.
Yeah.
Yeah.
So that's true. On a lighter note,
a real player entered the
space and it's overcoming soon, Nagy.
Nagy's been building.
Dude, let's go.
A long time. The announcement from them yesterday is they've got their test.
It's not test net.
It's their, what are they calling it?
Global stress test.
So they are targeting 11 billion transactions.
11 billion transactions that they want to see 15,000 to 35,000 TPS to prove that their block
times and ultra low fees are actually legit. They've got some apps teed up for this, Stomp,
Crossy Fluffle are two that are named here in this announcement. So they're going to try to,
this is the final test to verify the speed and the low fees for the chain before
what looks like it will be a public main net.
In their words, in the days that follow.
So stress test is going to run January 22nd to January
29th. I guess
TGE in January is somewhat up
in question.
They say in the days that follow.
So you basically have a two-day window
to hit in January. So I'm not sure this is a
lock for January. It feels like a lock
by mid-February though.
So I think we are going to get the Mega
tokens
in the Mega ETH mainnet launch here soon.
So we'll have to get Brad back on to catch up on all the latest.
See, where is mega trading at these days?
So it's at 1.9 billion FDB.
So it's down.
You know what?
It is. Is it exactly in line with monad it is wow it's lockstep mega and monad are triggered the same price they're both at 1.9
um one of the more uh heavily expected tgs and airdrops of Q1.
I mean, who knows where you're going to get in Q1 at this point?
I feel like January has just been so long.
But OpenSea doesn't seem like it's coming anytime soon.
Yeah.
Oh, it's not even announced.
Mask is kind of all over the place.
It looks like they just announced another points program mega might be it
for like marquee token launches
for Q1
I'm excited
I'm excited
you're talking about
I know you're talking about all these
like we need this, we need that.
That's one of them, right?
I'd like to think it's going to be better than Monad.
We'll see.
So, you know, it'll be an interesting one.
This is not fun.
I guess my feedback on Monad,
I know we talked to the team and he basically told us like expect a slow grind.
Yeah.
They're not,
they're longterm.
Of course.
What is there to do on Monad right now?
There's a beer pong game.
And they get you things to answer that question.
They need to tell that you need to have to you need to be able to answer that question
we'll get Brett on closer to the show and we'll ask him face to face
Brett
can you answer that
he listens to the show usually in the morning too
he was on yesterday
get his ass on the show
right before it so we can get a lot of viewers
I'm going to tell you
what does my guy do for me?
You're right, though.
You're right.
Same question applies to any blockchain launching.
Absolutely.
Same for the MegaEath,
same for this, same for that.
What are people going to use your blockchain for?
You can have the fastest tech,
the best this, the best that.
What does it do? And what are people going to do on it after your TG? blockchain for. You can have the fastest tech, the best this, the best that.
What does it do?
And what are people going to do on it after your TG?
That's it.
They're a good team.
I'm sure they've got the answers.
Yep.
All right.
You know what's crazy?
They cannot... No, nothing.
Anyways, next.
Yeah. Other than that, the meme streets are quiet i was looking at on-chain movers there's not really nothing big i mean so many of the main
ones have sold off so much it feels like we're kind of in a we're gonna have a recovery period
the runners the other day are mostly kind to $2 million, $3 million.
I guess this USOR, this US oil token, I don't know what this is.
It looks like it might be a little strange.
So I don't know if we need to pull that one up. And then this BFS token, I'm being told it's a rug, it's a scam.
Some speculation is tied to Mr. Financial Services.
This is not an endorsement
it's at 70 million so every time i look at this thing it's higher but you know these these rug
tokens often do go higher until they until they go to zero um that was really the the biggest mover
in the trenches nfts are back down some weird action in punks some larger holders
are unloading
so someone sold
like six or eight aesthetic punks
to OTC yesterday
at the floor price
and granted like I get it if you're trying to unload
eight punks at once
you can offer package pricing
but man there are some good ones
so it doesn't look like You can offer package pricing, but man, there were some good ones.
So the,
it doesn't look like,
like we're just going to be sure.
Yeah.
Not these market conditions anyway.
So we'll,
we need the V shape recovery on, on Bitcoin first.
So it's okay.
But we have the note foundation event coming up.
I think that's still this week.
Maybe that's why there's some movement.
I'm excited for Node Foundation, man.
Obviously can't make it.
San Francisco is like the other side of the fucking world
no matter where you live.
Even if you're in the USA,
San Francisco is the other side of the world.
But excited for them.
There's some nice punk selling for cheap prices.
I think at this stage your punk vision
has to be like the rest of it.
It'll go up with end of cycle, and the ETH's much higher.
And that's that.
All right.
Should we get some money away?
Yeah, that's the list.
It was a holiday Monday, right?
So it was a little bit quieter.
Hopefully we get a little more.
I'm not seeing some very bullish posts on my timeline
from two people that are usually pretty good.
86K lower seems likely if we don't close this week above 94K.
And given the context, it's going to be hard to do so.
I can hallucinate all the bull cases where reality is not complying.
Okay.
I see that.
Oh, well, we'll have another opportunity. When I hear this, I just hear another opportunity
to launch along later.
I'm not mad at it.
When I see that,
that's just a total
TA thing. You're saying,
if we don't close above 94K, we're going to do it.
I was like, why?
Why can't we range
in 90K? Because this is what the chart says.
Yeah.
I take all that with a grain of salt.
Also, all the TA folks said it was clear to 100K.
So I think the reality is no one can predict the near-term price movements on these things.
Yeah.
Let's go to Yeet. Yeah. Let's go to Yi.
Let's do it.
Alright, let's get some money away.
Yeah, I'm not shorting this.
I'm just flat again
because I got destroyed on the E thing.
So thankfully I cut it in like 32, 32.
But.
All right.
Let's rip it.
And tomorrow is Weighted Wednesdays.
All right.
P.W. P.W.
There they are.
I don't think this person's won.
I don't think this person's won, at least the last 30 days.
Alright.
Let's
Yeet.com
Yeet.com
Alright, tomorrow is
Weighted Wednesdays, by the way.
No, not all the wheels are weighted Tomorrow is weighted Wednesdays, by the way. No,
not all the wheels are weighted.
Weighted Wednesdays is weighted though.
All right.
What,
what do we do?
do you want to play?
You want to play Omaha?
You want to play Lamb Chop?
Where are you feeling?
You can also do cornering.
You can pick.
We haven't played Risky Click in a while.
Oh, yeah.
Risky Click is a fun one.
Risky Click is a really fun game, too.
Yeah, he says Omaha.
Let's play it.
Okay.
You know why?
Because it's such a...
People are getting used to the wins, but that doesn't mean you always win, you know?
All right. Let's try it. Pretty's run it do I do this the usual
alright let's run it
oh man
if we don't beat a pair of fours dude
oh god
we're done we won
boom
you scared me for a second.
Yeah.
All right.
So one card win, does that mean you have to be the first card?
Oh, interesting.
I thought this was a one card.
Is this not a one card win?
We won pair Q versus pair four?
I've got to view this rule again.
One card win.
What do you see one card?
There you go.
First card or second card? Two to one. First card is seven and a half to one.
Wow.
First or second?
So you got the third card.
Well, you still made 392 here. Let's re-bet.
Oh, fuck. No shot got the third card. All right. Well, you still made $3.92 here. Let's re-bet. Oh, fuck. Yeah.
No shot. I'm sorry, dude.
There's no chance.
You can't even get a full stop.
All right. Well,
$8.92.
You know.
Still on $8.92.
PW and FT Tyler.
See you tomorrow morning. Oh oh you have a show today
after this
yeah we're gonna go live here
in an hour or so
12 p.m. Eastern
Peter will be on
Deez will be on
love that
love that
detail
what we're doing in the trenches
Deez has some thoughts
to get off his chest
about Claude Meta
about Trove
oh I'm gonna listen to that dude
Deez
also Deez has been baby mode,
so he needs to let it out.
Well, that's going to be a really good show.
It's in exactly an hour from now.
Same platform.
See you all tomorrow morning, 10 a.m.
Peace out. Thank you. All right.
