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FOMO HOUR: Markets, News, Daily Topics
Recorded: March 27, 2025 Duration: 1:05:40Space Recording
Short Summary
In a dynamic crypto landscape, GameStop's bold move to raise $1.3 billion for Bitcoin acquisition, alongside Walrus's successful mainnet launch, signals a growing trend of traditional companies embracing digital assets. Meanwhile, regulatory advancements in Stablecoin legislation and Ferrari's price adjustments reflect the evolving intersection of crypto and traditional finance.
Full Transcription
Thank you. Thank you. Okay, all right, yo, yo, yo, yo, yo, what's up, what's up, what's up, let me start co-hosting
to invite to Myriad, oh, Myriad, Myriad, triple O-T, what up, Poonacek,? It's been a while I haven't seen this MF
Maybe I haven't been looking as much in the audience
But I really want Puneashek to win the spin today
I will be praying for him and Arjun
The two goats of the show
Maybe one day, can we just
Since it's our show and we kind of decide to make the rules
Can we just one day just decide to give him a spin each or something?
Anyways, alright Mendo's in the
stew. And Bongo's like, no,
fuck you, Bongo. Don't hate. Okay, maybe Bongo
as well then. Wait, Bongo won recently. What am I
saying? Twice.
He just wasn't there the first time. Hey,
Bongo, chill out, buddy. Chill out.
Okay, all right, Sims. KK,
baby.
All right, come hang out on the show, Bumbo. Thank you. Yo, yo, yo, yo, yo.
What up?
What up?
Good morning.
Good morning. Good morning.
GM. Thursday, ooh, baby, Thursday, Thursday, Thursday, March 26th, 7th, March 27th, 2025, look at that, another beautiful day to have a beautiful day, I got my coach in the tyler man though good morning good morning good morning good morning how you guys doing
i'm doing fantastic how are you i um i'm doing fantastic as well actually i'm doing fantastic
as well i woke up for the first time in four days where it's sunshine so it's always
lightens up my mood when i wake up to the sunlight. It's nice. Do you wake up to
sunlight every day in Portugal? Is it like 300 days
of sun? It is 300 days
of sun, but today it's like
mixed. There's some sun this morning.
Got you beat today.
Tyler,
what's up, Tyler? How you doing?
I'm good.
Broke, I feel like you hate Wednesdays.
You love Thursdays.
We have the hot energy coming in here today.
I wish I could have appeared as the Ghiblified version.
Yeah.
That would be fire, right?
Ghibli, like just everyone Ghibli, like host a show as like Studio Ghibli.
That could be really fun.
Is Ghibli or is it Ghibli, by the way?
I don't know.
I've only seen it written. I've never heard someone say it.
I said Ghibli because
G-H.
it's kind of like, it reminds me of the GIF
versus JIF argument.
You know what I mean? You can say GIF or you say JIF.
GIF.
Tyler, what did you say?
I said JIF, but I mispronounce
a lot of things.
I knew you were a Jif guy.
I don't know why.
I just had a feeling you were a Jif guy.
It's very American of you.
I think it's very American to say Jif.
It's very non-American to say Gif.
Wait, you guys say Gif or Jif?
Chat.
Let us know.
I see.
Bongo, you say Jif or you say Gif?
Gif.
Did you say Ghibli or say Ghibli?
Ghibli.
There you go.
I kind of like having Bongo hanging out on stage.
Pull up Bongo's Twitter.
I got to see if this is real.
He posted this food picture of all the stuff he bought for $40.
In Europe.
Let's ask Mando if this is real.
Mando, Bongo says that he bought all this for $40 in Europe.
Do you think this is real or fake?
That's very real.
Yeah, I think so as well. 100% real. Bongo is real or fake? That's very real. Yeah, I think so as well.
100% real.
Bongo, real or fake?
It's real.
Yeah.
Why would I lie?
Euros or dollars?
Because that's different because the euro is quite stronger.
No, it's like $2 different.
But yeah, this was $40.
Wow.
This is true, man.
Tyler, this is the truth.
This is the truth. It's 2X in the US.
Let me take you a picture here.
When I go to New York,
I take an Uber
into town. It takes me about 45 minutes.
It costs me
maybe about $100.
Okay, fine.
I get in the Uber when I get from lisbon or we have bolt over here
which is a bit more popular cost me six euros and it's a 35 minute journey this is true i i know
that for a fact i can i can uh i can check this is real because that last time i was in lisbon
remember when we went to check out the poker the myriad team and then we're there doing ape fest
i was stuck in traffic for 45 minutes
and it cost me about 12 euros
because it was like premium.
So you got a comfort or regular would have been six euros.
Right.
I paid 12 euros for 45 minutes.
I actually felt so bad that I tipped like 50%.
Yeah, like a standard Uber ride.
Like from just one place and listen to another,
that would be like three euros.
Yeah, I actually felt bad.
So I like doubled the guy's journey because i was like this surely these people
can't be making enough money uh and and that's what it is it is what it's in montreal is the
same um i know talia you were shocked by the price i think but i'm in your account but in
montreal like whatever bongo just posted if i go to my local little organic food shop that i
shop at downstairs um you know what's the super expensive one again in like California?
Oh, Ere one?
Yeah, we don't have...
Okay, that's insane.
Danny told me one day he paid like $75 for a bottle of water.
Bottle of water.
It's like this like crazy water bottle.
That's the only Danny would do that, right?
But anyways, today on the show, we're not going to talk about the price do that, right? But anyways,
today on the show, we're not going to talk about the price of things, but yeah, Tyler, it is like that.
But rent is more expensive.
Maybe another versus USA versus me.
I'm shopping in Lisbon. I thought I would
live like a king, everyone. Looks like I may live
in the shack with my budget.
I got Mando sending me stuff.
That's one thing that is expensive here
because you have a lot of people who are digital nomads.
But you do spend less on everything else and the tax. It's one thing that is expensive here because you have a lot of people who are digital nomads. But you do spend less on everything else and a taxer.
It's a comp.
But like I'm going, my rent is going to be up a hundred percent versus Montreal.
But Montreal rent is ridiculous.
This is true.
Well, also because I earned US dollars in Canada.
So that's also the other part, right, Mando?
Like the Canadian dollar.
But you're right.
Like Montreal rent is insanely cheap and you live good if you earn dollars in USD.
Anyways, I should be hiring in Canada instead of hiring people in fucking America, dude.
Americans are expensive.
Anyways, side note.
Americans are expensive.
By the way, even salaries in Europe are much lower.
But I guess they have more things.
But it's actually pretty crazy when you think about it from a business owner perspective.
USA is really hella expensive.
Anyways, USA is great though.
USA is great.
Ferrari is going to increase their crisis by 10% to offset President Trump's tariffs.
Just saw that just in.
So Tyler, looks like you're going to have to pay 10% more for your incoming Ferrari.
Yeah.
It's fine.
Yeah.
It's a good time to sell your exotic cars if you're in America because you could probably bank on that.
Yeah.
Mr. G Farouk's getting some biceps.
I'm working out a lot.
I worked out a lot.
A lot.
We're hitting.
If I go today, it's supposed to be my day off, but probably tomorrow it's going to be 50.
50 for the year.
So I'm at 49.
Not bad. We're there. We're getting ripped. You know, it's got to be ready for Lisbo but probably tomorrow it's going to be 50. 50 for the year. So I'm at 49. Not bad.
We're there.
We're getting ripped.
It's got to be ready for Lisboa.
We're wearing a lot of t-shirts there.
Shorts.
Got to hit it.
Anyways, today on the show, I'd also have to be paid more to live in the US, says Rug Radio account.
Jesus Christ, intern.
Anyway, market report.
We'll talk about the market.
The market is a bit lower today but also like
not insane like 86.2 i like it so we'll talk about that um then we have then we have uh taylor's top
100 or a thousand i mean fuck taylor probably has a lot of stuff to cover there's a lot of things
happening right now it's a war so been like two billion holy shit we'll talk about all that's good
stuff um and then we have a guest coming on today.
We have today's show partner
coming on.
Facet, which is an L2
focused on RWA. So I'm actually curious about
what they're doing. So they're going to come on. And then last but
not least, Roebitt Loot Box Pins. Let's
see what y'all get. I yet have to set
the loot box. I'll do it during the show. But as usual,
I'm going to probably put a high chance of
winning a penguin. I kind of want to get a penguin
win, so I'm going to push for that.
And then there is, wow, red guys got swept.
Nice. Fuck, red guy, man,
keeps getting swept these days.
I keep having to add new red guys. That's a good sign, I guess.
Anyways,
last but not least, this show is powered by
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Participate.
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The points program on Myriad Markets is free to join.
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And there's a leaderboard right now.
Let me see where I am.
Was I booted from the leaderboard?
I know usually my team likes to kick me out,
so I can't participate.
I mean, I clearly can't win,
but I'm curious.
Oh, no, I was locked out.
Okay, I'll check.
But there's over 20,000 people
participating, guys, in this thing.
I'm 250th right now.
Top predictor in the Wallet Connect competition.
That's not too bad.
That's not too bad.
Out of 26,000.
Not bad.
Not bad.
It's like top 1%, right?
Something like that.
So anyways, with that, Mando, how is this market doing?
Where is this market going?
Where is this market going?
Tell us, Senpai.
Tell us, Senpai.
Hello, everyone.
So it doesn't feel that great the last 24 hours.
The main thing there has just been the return of tariff worries
and stocks kind of continuing to kind of sell off.
We went below the 200-day moving average again in the S&P,
which is quite an important level.
Kind of may indicate that we're going to continue this downtrend
for a little bit longer than was initially expected.
A lot of those oversold metrics are now not as oversold.
So that's not really going to save you anymore.
Interestingly, gold just continues to push higher.
And for that reason, again, Bitcoin is slightly outperforming here.
Whoa. What a chart.
Yeah, exactly.
Gold is doing well again.
And Bitcoin's kind of holding on to that a little
bit, I think. So we're not
getting... Yesterday was
not great for crypto, but it wasn't
horrific, again, even though
the Nasdaq was down 2% again.
NVIDIA was down a lot, right?
Yeah, a lot of big tech, again, getting hammered.
I mean, a lot of this AI weakness may continue, right?
We've spoken about how the China stuff may be important there
and can be a persistent worry for a lot of these major AI firms.
So Microsoft flipped NVIDIA yesterday.
Oh, wow.
Yeah.
And a lot of them kind of,
NVIDIA's again down today.
A lot of them are like,
just looking a little bit bearish.
It feels like,
I don't know if they're going to turn it around
or whatever.
But that is definitely keeping crypto slightly range-bound.
People are bullish, I think, on crypto.
There's some individual stories which are doing relatively well.
You can kind of see the coins that the market likes at the moment.
In memes, it's probably kind of just Fartcoin and Pepe, I would say,
are probably being the strongest too.
It's just held up okay. it's probably kind of just Fartcoin and Pepe, I would say, have probably been the strongest too. I haven't looked at Pepe in a while.
It's just held up okay, is what I would say.
And then in L1s, it feels as though Bitcoin,
AVAX has held up pretty well, interestingly, over the last few days,
and Sonic,
I would say as well,
probably.
Yeah.
those have been like the best bounces I would say,
or like held onto their gains.
Solano has kind of drifted back lower again.
I don't think that's maybe not a great sign.
It's 137 ish.
138.
Yeah.
137.
Yeah.
ETH is,
yeah, didn't, didn't on to the gains already either.
Hanging out around 2K again.
So I don't know.
It is becoming obvious, I think.
Like if I go to the most, the gainers over the last week,
it's kind of been the same coins for a bit there.
Oh, Tanya.
Barra again, another 7% day.
Barra.
Sweet.
Wow.
Barra chain, guys, is really like,
I mean, that has been a great coin to hold during this downturn.
Barra has been a great coin.
Like we had him on yesterday.
Loved the interview yesterday, actually.
Has caught a lot of the AI move,
and obviously there's proof of liquidity.
People are doing more DeFi stuff.
So DeFi coins in general have been fairly liked.
Yeah, so I think DeFi and L1s are continuing to be the strongest
apart from the odd meme.
The daily runner isn't really holding on for that long, it feels like.
there are attempts to kind of get it going
again, but it does still feel like
memes are in a tougher
market
for a while. And NFTs are doing okay, too.
Punks are doing great.
It's true.
What are you laughing at? I didn't say Pups. I said Punks are doing great. But shoot. What are you laughing at?
I didn't say Pups. I said Punks.
Pups is always doing good, man.
We don't have to worry about Pups.
Pups goes ups.
Pups goes ups, he said.
Hey, NFTs are doing great.
Fucking Udi just fucking banked like $20 million, brother.
How about that Punk Bitcoin spread, baby?
How about that Punk Bitcoin spread, baby?
Let's pull up Tyler's spread.
I mean are we up?
86.5
versus versus versus
drumroll
85.8 not bad not bad
it's honestly one to one it's been one to one
forever
Yeah it's about the same
clearly somebody else was in this trade like I didn't
really know
but yeah all I'm basically saying is the macro fear is back so macro fear is back uh mando and i
want to ask you so yesterday what i liked seeing i think tyler you mentioned that as well in the chat
is we got a lot of like technically negative tariff headlines again and you're seeing them
again this morning tariff tariff tariff, tariff. That's our list again. We're waiting for Liberation Day next Wednesday on April 2nd.
But Mando, it appears that we stopped aggressively dumping on these headlines.
There was a moment in the past month or so where every single tariff headline,
we just lost $1,000 a headline on Bitcoin.
We just kept hammering down.
Do you think we just went to oversold territory
and now we're just cruising for the time being versus the rest of the market?
I think macro...
There was a report out yesterday
which says 51% of the US
think there's going to be some form of a stock market crash.
There's a lot of worry
that the valuations in AI
are not going to be sustained here. And a lot of worry that the valuations in AI are not going to be sustained here.
And a lot of people are being like,
oh, this is going to be exactly the same as .com.
It doesn't look as aggressive, potentially, in my eyes, as .com.
But I don't think people are FOMO buying back in.
Tesla bounced, for example, and NVIDIA bounced a little bit,
but it doesn't feel like... Tesla bounced, for example, and NVIDIA bounced a little bit,
but it doesn't feel like... I think you have a lot of people who are a bit scared.
They're waiting to see how the next few months evolve.
It's very clear with AI
that you can catch up with each other
just unbelievably quickly.
And it's still difficult
how to actually create value with these
or if you can even hold on to value in that world.
So I think that's an ongoing worry of the stock market right now.
Okay.
Liberation day.
Liberation day.
What do we think happens?
We're definitely not going to see any big moves before then.
What do you think happens, Tyler?
You love your liberation day.
What is your outlook on next one? You love your liberation day. What is your
outlook on next one? A few things have
happened. So like in the auto tariffs,
I think part of the language
that Trump uses, these are permanent
and non-negotiable.
I think that was one of the first times
we've seen these hardline
tariffs that aren't going to change.
So that is telling us that at least a portion of these tariffs are real,
and they're going to be here for a while.
So the whole camp that thought maybe these are just negotiation tactics,
at least for some of these, that's out the window.
So I think that's a bearish indicator, I would say.
That's my read on it. On the flip side, we have seen some of the countries who are facing reciprocal tariffs start to unwind their tariffs.
Like Vietnam was one.
I've seen a few other countries as well.
I think India rescinded some tariffs that they had.
So we'll see if we get like a mixed bag of results here.
That could be a little bit on the bullish side.
I think we'll have more information on all this next week.
I'm no macro tariff expert, but that's what I've seen.
And it just feels like no one's really going to – we're not going to see any major moves until a little bit more concrete info is out.
Okay.
With how the countries are going to handle these.
Okay.
Okay, okay, okay, okay.
So I guess we'll see where this takes us in the market
and the near future.
So I'm trying to post this broadcast link.
Just for the reason I know,
we are live every day on audio and video.
You can check us out on the Rogue Video YouTube,
but also we broadcast here though.
The ex-broadcast thing has never gone better, to be honest.
And you can always comment live on the show anyways so with that tyler let's get into let's get into today's topics let's get into what you got for us Dialysis. Tolerate on FOMO. Our cause to kick can't.
Great ambassadors.
Crypto major slightly red amidst more tariff news.
25% on all automobiles outside the U.S.
Bitcoin down.
A6,004.
Ethan sold down about a percent or so here as well.
Hyperliquid fell 10% on the day after the
protocol was left with short exposure to the Jelly Jelly Bean coin, which soared to $50 million
testing the network's integrity. Hyperliquid validators ultimately voted to perform an
automated liquidation of the position at a lower price point than their Oracle showed. So that
situation is resolved, though still some fallout coming from that. GameStop announced plans for a debt offering to raise $1.3 billion to buy Bitcoin.
So two days ago, they approved Bitcoin as a treasury asset.
One day ago, okay, they're going to buy $1.3 billion.
So that was huge news.
The blockchain group out of France also bought 580 Bitcoin for its balance sheet.
That was 47 million euros worth.
In Stablecoin news, several U.S. legislators
have shared plans to advance Stablecoin and crypto market legislation over the next few days. I think
we got a first glimpse of that stable act yesterday. Wyoming announced plans for their own Stablecoin,
YST, launching as soon as July, just what everyone in Wyoming wants, their own stablecoin. And then USDC hit a new record market cap crossing $60 billion.
They now command 25% of the overall stablecoin market.
And then Fidelity, they're throwing their hat in the ring.
They announced they're testing their own stablecoin as well as they dive deeper into tokenization.
Not necessarily crypto related, but Robinhood, folks.
They are going full onon financial services mode.
They announced a new banking product.
They announced a new AI-powered wealth management product and more.
In token airdrop and protocol news, Walrus.
They officially launched their mainnet and that wall token dropped, folks.
It opened at $500 million and a $2 billion FTV.
Huge launch over on Sweden this morning.
Radium is preparing to launch their pump fund competitor
Launch Lab. That's coming within the next
week. Polymarket admitted
some market manipulation took place by
UMA Wales with a recent Ukraine
minerals market bet, stating
though that it couldn't offer compensation,
but will work with UMA to prevent this from
happening in the future.
Rido announced $5,000 in weekly rewards for the top 50 yappers
and top 50 emerging yappers, so keep yapping.
Then shout out to Wasabi.
They opened pre-deposits for the Baritoken,
offering up to 300% APY plus points for those deposits.
Rounding this out, in AI and memes and NFTs,
AI down about 7% on a day.
Leaders are down about 3% to 10% across the board. Memes, similar, down about 7% on the day. Leaders are down about 3% to 10% across the board.
Memes, similar, down about 3% to 10%.
Ghibli was the meme runner of the day.
$23 million right now.
$75 million in 24-hour volume.
So one of the biggest runners we've had in quite some time.
In NFTs, Taproot, Wizards, they shared new details.
That Dutch auction is happening today.
I think 11 a.m. Eastern.
It's happening in half an hour, yeah, and you can bid in Seoul.
0.42 Bitcoin decreases by 0.01 Bitcoin every three minutes.
And that's also viable in Solana, like you mentioned.
Forgotten Universe flashback.
They launched their game on Rona.
They access mode.
Ripcash artists sold 64 editions of pattern recognition for 2.22 each.
Pretty hefty sale there.
NBA Top Shot, they're still cooking.
They debuted a fresh marketplace upgrade.
Okay.
With a new tab and a new way to filter their moments.
So Top Shot, still moving over there.
Wow.
This is a lot.
I mean, what do we even, I think GameStop, right? I feel like this is the
most fun, relevant to majors news that was out there. Those guys, man, I fuck with them.
They're like nonstop doing the thing and buying Bitcoin. I mean, who's going to be next? What
is it? $1.3 billion Bitcoin by the announcing? Yeah, that's the thing.
So GameStop has $3 to $4 billion in cash on hand,
and they're not using it.
They are going to raise $1.3 billion through a private offering of convertible senior notes.
And then they're going to use it to acquire Bitcoin.
And as they also announced as a part of this,
they're going to close a significant number of stores in 2025 as ongoing efforts to enhance profitability.
So it feels like they're kind of going that micro strategy route, right?
Where they had an initial company model.
Maybe it's a little bit of a zombie company.
It's a meme stock.
And now they're pivoting to a Bitcoin company.
And it doesn't feel like they're going to be the only one.
We were talking about this in our group chat yesterday.
It felt like there's maybe 50 companies or so who have significant stockpiles of Bitcoin
right now.
It feels like that number is going to be 10x in the next couple of years.
At least that's my read because it sure feels like it's accelerating. Headlines like this are accelerating right now, it feels like that number is going to be 10x in the next couple of years. At least that's my read because it sure feels like
it's accelerating. Headlines like this
are accelerating right now.
What does that mean for my alts?
I'm just kidding.
What does that mean for pups?
That's the question.
I mean, it is on Bitcoin.
It is on Bitcoin.
What does that mean for
the taproot wizards?
Probably nothing.
Anyways.
I don't love this, by the way.
So why?
Why don't you love this?
As I've said before, I don't like it when public companies are raising
convertible nodes.
Convertible is debt, right?
What we're speaking about with
Sailor is that
it's okay if it's
pref shares,
but if GameStop were to go under,
of which there's been several times in its past
where that could happen,
that's $1.3 billion coming
and it will get sold.
you are
kind of teeing yourself up for here for
precarious scenarios in the future where
it could get sold and
not in a nice way.
GameStop, I'm saying they have
roughly 4.8 billion in cash.
walk us all through.
Why would they choose not to use that
and go this debt
route instead?
Because it is a riskier...
Yeah, because debt is okay for
if you're in your map, you run
GameStop, right? Yeah.
Do you want to dilute yourself?
Or do you...
Debt is good for management
and at times it can be good for equity holders
like there's some stuff in like capital structure formation about that but in a case of a bankruptcy
or a company that is club has been or you know never i don't know what gamestop's free cash
let me just have a look at it gamestop free cash for last year But I imagine they're burning cash.
Who knows?
Yeah, so they burnt 225 million of free cash for last year.
So this company is like,
it's probably fine.
That's not crazy versus cash balance.
But in the past,
it's been through a lot of trouble.
And I would never bet that in 20 years,
GameStop doesn't go under.
And then that can lead to a messy sale, essentially.
Maybe it's okay, it's only 1.3,
but if they continue to do this and they raise like 10,
that's a risk, again.
That becomes like sailor style.
And not everybody's sailor.
So if everybody was sailor
in many ways
his free cash flow burn
is basically very low
because he actually does have a residual business
which covers quite a lot of the interest expense
GameStop is burning $150 million
of free cash flow
it's not crazy but it's like
that $3 billion
is going down lower and lower and lower each year at the moment.
And in the past, it's been far higher than that.
BLS is asking you, he's saying they have a ton of cash on hand.
What's the issue with raising debt when they have 4x while they're raising in cash?
And then does switching to a Bitcoin strategy help them avoid going under?
So does it help them avoid going under? So does it help them avoid going under?
That is a relative
question, right?
Yes, it may improve their ability to not
go under, but if they go under,
it's worse for us, right?
I don't care if GameStop goes under right now,
but does it
make it a less... You could say, yeah,
Bitcoin's better for them as
something to hold,
but that means that suddenly
your Bitcoin does have a default risk
and that's just not really the case elsewhere.
Okay.
Listen, this is above my pay grade.
I just hope none of this fucks up
because then it fucks up my bags.
Just take a step back.
Companies raising debt,
which is happening a lot, to buy Bitcoin,
if your friend did that,
your friend comes to you and says,
hey, I'm going to raise a billion dollars.
Let's say they have a lot of money
already, but they say, I'm going to raise some debt to do
that. You might think that,
I don't know, maybe my friend goes bankrupt in 10
years. And then what happens?
In a bankruptcy scenario, often the person who wants it doesn't even have control about what's going to happen.
You have to stop, right? That's what happens.
And what we're seeing here is a bunch of our friends are saying,
hey, we're going to raise some debt to buy Bitcoin.
And that's not necessarily a good thing.
Yes, it's good for pumping our bags in the short term,
but in the medium term, if you have a bunch of debt against Bitcoin,
that can mean that things can go wrong. So I'm talking
longer term. I don't think GameStop's going under
in the next year. It's got three million of cash and it's burning 250 million.
That's 12 years of free cash they burn there,
unless they want to do something else.
But,
but who knows?
GameStop's made some terrible decisions in the past.
they have,
but maybe they're on the pathway to making better decisions or not.
Maybe I would.
Out of the whole thing,
I like that. They're doing it with Michael. Then kind of like out of the whole thing I like that they're doing it with Michael
then kind of on their own
like it looks like they could be advised
better
right?
but I see your concern
very valid
I don't know if Tyler's have more thoughts on that
but that's actually a very valid point
Mando's bringing forward
how is MetaPlanet doing it versus GameStop, for example?
What's the difference here?
They do a mix.
They do a mix.
A lot of it has been equity.
They're not as big in general.
So MetaPlanet Bitcoin holdings as...
God, it's so much better asking
ChatGPT these questions.
They have 3,350 Bitcoin
as of March 25th, 2025.
So I don't know what that is in dollars,
but...
86,600.
So they have 276 million, right?
Yeah, it's about 290 million, these prices.
Oh, that is significantly smaller.
How much debt do they have? I'm just going to
ask how much do they have.
This is always the
word, like liquidate sailor.
If you do this with debt, there's always a liquidate.
There's always a liquidate point.
So they've been doing debt sales
but smaller. There was an article from 2024
how they're doing an $11 million
debt sale. So they've been doing like smaller batches versus like,
right.
That's,
that's,
okay.
So they have 75 million of debt.
So yeah,
it's not,
it's still not great,
but it's not,
it's not as good as what sailor is,
but it's,
but it's,
better than when these guys have.
Okay. Um, that's fair. That's, that's a good point. I see what you mean. But it's better than when these guys have. Okay.
That's fair.
That's a good point. I like that.
Intern, that's a good clip.
Let's ask the people what they think after that.
Tyler, there was a few other things.
I see Jose in the studio.
We'll get to you in about seven-ish minutes
to talk about what you're building.
Tyler, what else do you have for us? It feels like you had quite a few things.
A few things. I want to talk about Hyperliquid here in Tyler, what else do you have for us? It feels like you had quite a few things. A few things.
And I want to talk about Hyperliquid here in a second
because we talked about so much.
We have to.
I quickly want to talk about the Stable Act of 2025.
So we had the full text released yesterday.
Nick Cannon broke it down.
Some highlights here.
No yield bearing stables are going to be included.
So those are prohibited.
Banks, credit unions, non-banks are approved to be included. So those are prohibited. Banks, credit unions, non-banks are
approved to issue them. They have to be one-to-one reserves of cash, treasury bills, less than 93
days, or other highly liquid safe assets. Let's see, states can certify their own stablecoin
regimes as well, but they have to meet or exceed the federal standards
and the no-algo stables for at least the next two years.
So those are the quick highlights.
We'll see how these progress.
It does seem like, at least from what the congressmen are telling us,
this is a priority right now.
They're trying to push these through Congress.
So expect more news on that front.
I think that's the story.
I do want to talk about Hyperliquid now.
So we went through what was happening yesterday on the show
and then shortly after,
I'd say probably within about 30 minutes
after we closed out our conversation,
we got the resolution.
Effectively, they implemented this rule
where if someone is exploiting their protocol,
it goes against their terms of service.
They have the option to perform this automated liquidation.
So effectively, I think, as I understood it,
Jelly Jelly was trading around $40 million,
and they liquidated the position at around a $9 million price point
after hyperliquid validators voted to do that.
So that's my situation.
I don't know if you have a better
read on how it played out.
I thought initially that Binance
and OKEx had been the good guys
and taken over their position.
Turns out they weren't.
And it seems as though
actually this was them.
Now, everyone,
it was crime season, baby.
Crime from everyone. Are they the one that did the ex who did the jelly jelly who knows but like let's say that person's an
independent third person maybe you'd call that crime or like you say that an ex-wife i don't
know if that's crime but can i ask you if this is crime if a hyperliquid platform allowed this
for this to happen i think what hyperliquid did was the most crime.
Because the Oracle thing is not...
They're calling it suspicious
market activity that goes against the terms of services, therefore
they settled for their own Oracle price. Is that what
happened, Mando?
I...
I mean, it is a gray area.
Because is that market manipulation
or not? Or is that just
that's crypto like you put they
were the people that put that on there they put the lp on there like they knew the lp of the
position they had on there um and it's a and then it's a market for other people to see that exploit
or see that that risk and go for it that's not a there must have been hundreds of people involved in
buying jelly jelly yesterday right so um for me i feel like hyper liquid were the ones that did
the most crime but they i maybe would have done the same i mean almost a hundred percent would
have done the same thing in their scenario too right like perform a little bit of crime same
save save the protocol yeah why not like i said on this show, I thought there was a 10% or more probability there
that they could lose 50% or more of their treasury.
And I think that would have happened.
They ended up in profit of $700,000.
Right, so it was max crime.
Like, they decided the price.
Sometimes you just got to shut off the fucking exchange.
I mean, you know, it's happened before. Sometimes you got to do what you got to do for the sake decided the price. Sometimes you just got to shut off the fucking exchange. I mean, it's happened
before. Sometimes you got to do what
you got to do for the sake of the people.
You know?
This is crypto, man. Like, TIC.
So that's what happened.
So this is what happened exactly, right? Shout out to Abhi here.
So validators rapidly decided to delist jelly
perps. So they delisted it.
Adjusted the oracle price significantly down to $0.0095 per jelly,
closing all open positions.
Publicly communicated quick actions transparently.
True story.
They were very quick to communicate.
Normal users, excluding flagged wallets,
automatically compensated no action needed.
So the financial outcome is that Hyperliquid turned potential
multi-million dollar loss into a $703,000 realized profit after adjustment.
HLP deposit is fully protected and even profited $687,000 daily profit despite initial care.
Now, the market perception is true.
That's another conversation, right?
Like the centralized, centralized conversation.
all the centralized centralized conversation.
Then Zach XBT came up at them saying,
well, you didn't do it when it was North Korea,
but you're doing it when this is at stake.
So I think then it's just a matter of the court of public opinion, right?
This is what's happening right now, I guess.
What are your thoughts, Tyler?
Because for me, it's like what happens to the people?
And that was a question I wasn't in the comments at all.
A lot that cashed out, scared of what was potentially about to happen
yes you make the people in the trade a hole but there's no way to make people whole if they cashed
out zero which was me so I ended up selling my high position basically at the bottom and I withdrew
my funds it was it was an amount that I wasn't comfortable losing.
I see.
So I made the risk decision.
And now I've been sleeping on it trying to decide if I want to buy the position back.
You should maybe wait for this to play out a bit.
Yeah, there's other factors playing on macro right now as well.
response of, okay, what are they going to do moving forward?
But I still haven't seen the response of, okay, what are they going to do moving forward? Take these tokens.
Take these tokens.
What are your risk procedures to take these tokens off your platform that have these tiny
liquidity pools, that have these tiny market caps relative to crypto majors?
How are you going to prevent this from happening again?
Because as I understand it, it can happen again right now with other tokens.
Well, they have a ton of like, they sound like Chill Guy, for example, on there, right?
Yeah.
There's five other coins that have similar...
Like chill guy USD, chill guys are trading at what? Like 30 mil or something?
I don't know where it's at.
Yeah, exactly. Goat is similar and they're still there. So I'm definitely not going to
be buying back until they've at least addressed that. With that said, my gut read is that most market participants here have memories of the goldfish, and they're going to move past this.
And as long as hyperliquid volumes continue to grind up, they continue to eat into market share, I think the hyperliquid bulls will continue to be loud, and that may be enough to continue to grind up. They continue to eat into market share. I think the bulls, the hyperliquid bulls
will continue to be loud and that may
be enough to continue to drop.
I saw some beef within
that as well, right?
I saw Stowe
Savage. He's a pretty big
hyperliquid guy.
I'd get kicked out of some chat.
There was a whole thing and Kobe commented.
There was also some people that were not really happy
part of the Hyperliquid
bulls. It was the first
time I saw
Hyperliquid bulls
themselves being very happy about this
honestly. Hyperliquid TVL
and TVL obviously is important
for like... That was ironic by the way.
The big head founder trying to play higher. Anyways, go ahead.
I thought that was funny.
You can tell I'm scared.
Was it 690 million on February 10th?
And it's now at 270.
So their TVL has gone down a lot,
which is the money that's gone into it.
I actually like Hyperliquid.
I had money on there yesterday.
And I didn't really care about the ETH stuff.
But like, I, all this is for me,
and this is not really their fault.
They are going to, like,
people are going to continue to try and attack them.
Well, and rightfully so,
because they're scared of them, right?
I'm not saying it's right to do it,
nor that it's not criminal,
but like, you can tell Binance and Co
are kind of like worried about that.
$275 million
or $250 million of treasury, right?
Yes.
And remember, their whole insurance fund,
the whole point of owning hype, right?
They have an insurance fund
which they make money from.
What have they been doing with that?
They've been buying hype.
So it's not like they have, like if something goes wrong, we've got USD.
If something goes wrong, they're going to have to dump hype, right?
Right.
So I don't know, but I'm sitting there going, like, 275 million.
It needs to be took down by jelly jelly.
Like, that's not that much.
If someone was to go and do something and they you know you can do
200 million plus trades on there
a lot of whales can do
unbelievable size of trades on there
so it's more
like if you were I don't know how to describe
it if any of you have traded futures
you're always aware of your liquidation
price and think
about the size that's coming through hyperliquid
and the size of collateral
that you can deal with that. And I would say that it started to get a little bit like,
I like Hyperliquid, I had money on there yesterday, but the fact that it can get taken down by
Jelly Jelly or could have been points to the idea that one thing could wipe out 50% of their treasury here.
And the only way to save that would be then to dump hype, which they've been buying.
And that's been the pitch.
Okay.
Okay.
We'll see.
I mean, yesterday CZ like retweeting shit like do you guys see like also
like is it his girlfriend his wife that runs it like it's like commenting like okay got it like
someone's like hey binance you could do the funniest thing to jelly jelly whatever and she's
like okay got it but like cz was because me too at first i was like wait are okx and binance coming
to help out bail him out no turns out they I think they were trying to like, you know,
do the opposite.
But, and then a lot of other founders came out again.
So you can tell they're genuinely like kind of scared of that hyperliquid
mindshare in a way.
I guess that's bullish for hyperliquid.
I don't know.
That's one interpretation.
So this episode is not closed. No. I think it's one interpretation. So this is,
this episode is not closed.
I think that's the tip.
We need to see their response and then let this have some time to settle a
little bit.
I know we're going to go to our program.
Quickly want to talk about this Walrus news.
We've been talking about Walrus on the show for the last few months.
Now you all know why.
Their main,
their Walrus token
opened at $650 million market cap,
$2.6 billion FDB this morning.
Wow.
So again, that token,
it's included in their decentralized storage ecosystem,
payments for storage,
staking for security governance.
They're also going to have a deflationary burning mechanism.
They announced a launch partner.
The claimants are coming over to help them launch
a notable NFT project from Solana.
Oh man, huge day for Swate, huge day for Walrus.
Wait, Klanos is moving?
My expectations were high.
This beat my expectations for where this was going to come out.
No, me too.
I mean, I have said it before.
I mean, they've come on our show as show partners
and they're partners on the decrypt side. So not on, less on the rock side, but more decrypt because we're storing our data and like article stuff, as I've explained there. And they're a good partner. And they have a lot of big, I mean, it's Missed in Labs, right? So it's not like nobody's launching this thing. It's like actually like really big team and very respected in the industry. I say Sui looks good. I mean, Sui also caught a good bit on the back of that, right?
very respected in the industry.
I say Sui looks good.
I mean, Sui also caught a good bit on the back of that, right?
So it's good to see.
By the way, the market's bouncing nicely, guys.
I like it.
187, 139.
Turn around Thursday, baby.
By the way, the code for Robit today, GameStop.
GameStop is the code.
So if you go to rafflebot.xyz, rafflebot.xyz, all the details are on screen.
The code is GameStop
you can have, today I put 10% chance to win a penguin
still put the punk too, so we're being generous
so come and try and win
and then there was one more last thing, do we want to push
the polymarket combo tomorrow Tyler, just because
it's kind of a big topic
yeah, we need more time, we need more time for that
we need more time for Ghibli
yeah, let's do that
I actually have a call with Uma tomorrow after the show.
Let's talk about the Polymarket News tomorrow because actually it's relevant.
I'm sure a lot of people want to know also how we would react to that.
So it's important.
And then also the Ghibli stuff is fun.
I have to say, though, I really like it.
I want to go deeper into that.
I think it's fun.
I was called out yesterday by the time I was called poor for not paying for open AI chat GPT.
You guys pay $25 a month, right?
Yes, we do. It's a Starbucks bill.
I spend more than that on coffee.
It's not a Starbucks bill. Have you seen Bongo's meal for $40?
I think 04 Image Generation is the biggest zero to one moment since
since chat GPT launched.
Man,
there was like a chat GPT maximalist.
Like that motherfucker,
like he uses it like nonstop.
Of course.
It's amazing.
Yeah.
So that's Vanessa.
Vanessa uses it for like recipes,
calorie counting,
all sorts of shit,
health,
wellness.
Like she's like always talking to chat ChatGPT a year all day,
asking questions to the thing.
She's fully replaced Google.
I need to get to that.
I just started the last two weeks ago.
I wanted to do my average Sonic buys
because I bought so many different levels.
So I threw it all into ChatGPT and I got my average.
I was like, fuck yeah.
So that was good.
I was like, if I bought X amount at that price,
X amount at this price, and Y amount at this price, how much is my average? And I was like like fuck yeah so that was good it's like if i bought x amount at that price x amount at this price and y amount at this price how much is my average and i was like fuck yeah
but um but yeah okay well i like the ghibli stuff ghibli ghibli tyler messed me up so anyways yeah
i i post on my little instagram uh like a picture of me and my family from from persian new year in
ghibli style i thought it was super cute i love love the colors. It's a good vibe. I also got my office Ghibli-fied. I'll show you guys. I'll post it
after. Anyways, shall we get to our today's show partner, Jose Pereira? Jose, are you ready? I see
your cameras. There he is. There he is. There he is. Jose, Jose, what up? What up? Good morning.
How are you doing today? Thank you much. Good morning to all. How are you? We're good.
We're great.
Thank you for being here.
Thank you for being a show partner.
Jose, where are you calling in from?
Dubai.
Dubai.
We'll be there.
Dubai.
Habibi.
Habibi.
We'll be there in exactly, actually exactly a month from now.
I land in Dubai for token 2049.
It's going to be fun.
That's amazing. Yeah. We're throwing a banger of an event. I hope you'reoken 2049. It's going to be fun. That's amazing.
We're throwing a banger of an event. I hope you're going to come.
We'll send you an invite.
You've got to be there. It's going to be fun.
I think Ovi's going to be there too, man, though, for the
rec side. That'll be good.
Anyways, Jose, we're not here to talk about Dubai.
In order to talk about us, we're here to talk about you and
OWN and what you guys are doing. RWAs are
hot, hot, hot, hot. It's the
number one thing TradFi is interested in,, hot. It's the number one thing.
Tradify is interested in prison.
Last report.
The number one thing tried to find interest in real world assets, which is really cool.
So always, I want you to give us a little introduction of yourself and what you guys
do over at own.
Yeah, no, thank you very much.
My name is Jose Pera director at own and what we're doing is basically solving a, an access
problem that a lot of markets have to high quality assets. Director at OWN. And what we're doing is basically solving an axis problem
that a lot of markets have to high quality assets.
We've started with an exchange called FACET.
We're regulated across nine markets.
We have 220,000 users that already buy tokenized assets.
NVIDIA stocks, Apple, S&P 500, bonds.
And the reason is because in the markets
where we have started growing our user base,
they solve a fundamental problem.
Because in markets like Pakistan, Indonesia, for example, you cannot just open an account in Robinhood.
So the benefit that we have here is, like I said, it's more impactful than a convenience benefit that you have in more developed markets.
I think that in developed markets, there's a different thesis for AWS.
The B2B proposition is completely different.
But what we're doing is that we are leveraging the distribution power that we've built over the years in the portfolio of licenses to combine it with an infrastructure that's open for developers to build permissionacy.
And the vision is to become the go-to chain for global assets.
Wow. Okay, this is really cool.
And so you guys are in L2, right?
And there's obviously a lot of L2s right now, Jose.
We talk about that a lot on the show, actually.
And so why don't you tell us, like, you know, obviously there's many L2s launching every
month, a lot, a lot of L2s.
What's the reason for the RWA focus behind yours?
It's the concentration of the RWA ecosystem.
So like I said, we have an starting user base
of people that are already interested in buying,
and that is our funnel to DeFi.
So they started by the first stocks.
We send them to DeFi where they can have more advanced yields,
more advanced products,
so you have all of the benefits of composability.
Our chain is built in partnership with Arbitrum and Gelato. And what we want to do is basically unify the whole user journey from your local currency,
call it your Indonesian rupiah, all the way to your most advanced DeFi product,
having everything into one seamless user journey.
Okay.
Okay.
Interesting.
This is good.
When did you guys launch this?
We haven't launched yet.
So we're going to have our testnet up in three weeks.
And then that's when we're going to have an onboarding for developers to come and start
integrating.
But we plan to launch our mainnet after summer.
Okay. And you guys work with
arbitrum nice yes so you're like an orbit yes exactly arbitrum arbitrum arbit so right now
we're settling trades on arbitrum all of the the trading volume that we already have in facet is
going to migrate all of those assets are going to migrate to our own chain. So that's one of the reasons why we're launching our own,
because we have that starting volume,
starting user base that we can leverage from day one.
I totally get it. Shout out to Arbitrum, good people out there.
So obviously RWAs I was saying earlier,
cause I just read a report from Paradigm that the biggest sector that stratifies
most interest, the number one.
So why do you feel that OWN is in the best position to make RWA's on-chain reality?
Why you guys?
Yeah.
So that's where you see that we see incomplete solutions across the spectrum.
And that means that you have industry trade-offs.
You have some that specialize in one thing, could be the regulatory.
Others are going to be open, but you cannot have all of these in one.
What we're doing with the integration of OWN and FASCET
is trying to provide the complete solution,
which we think is actually the real solution.
So if you look on the left,
you have ones where you need to sort out
all of your licenses as a builder.
Whereas,
it's difficult to have the openness and the regulatory so you have other
players like for example fruity plume and have high specialized tech but their licenses are
more focused on certain jurisdictions what we want to do is is have the broadest access
tech the distribution with facet um yeah and the accumulation of builders.
Okay, I see.
So how can people like anyone here listening to you today get involved with OWN?
Because obviously you said you haven't launched yet.
So when something hasn't launched, usually there's an opportunity for players to come in and do something, you know?
Yeah.
No, we're looking for anyone that is aligned with their vision.
If it's a builder that wants a regulated path to distribution, we can facilitate that.
Our infrastructure is open to all the builders
and on a case by case basis,
we can leverage a portfolio of licenses
for integration with Facet.
So I think our main priority right now
is connecting with all the devs and builders
in the community, building something in RWA
and any community members that would want to be
part of our token launch eventually, that would also be the people that we would love to connect with.
Okay.
You hear it here first.
There's also points on there.
We love points.
We love points over here.
So there's definitely a place to farm and stuff.
Last question for you, I guess, is what excites you most about being in all this like what what do you what do you see the
future for you guys well sorry can you repeat that please what excites you the most about what you
guys are doing like what excites you most about what you got coming up well we're seeing our
numbers grow on a monthly base monthly base so we're just excited about seeing real adoption
real assets and i think
that you were talking before there's a change of sentiments in the markets because there was a
burnout from all the speculation like the normal market bubbles that we see in crypto and the
assets that were not backed the things that happen with main coins that i think that people are
waking up to um investing in something that is backed by assets that are actually productive.
And so what excites me the most is that we've been building this for the last five years as FACIT.
So to have the narrative actually catching up on the value proposition that we bring by connecting these assets to blockchain is what excites me the most.
Okay. I love that. Yeah. We love our WAs.
Tyler's always reporting on how much money is on there and everything.
So definitely a lot of stuff to get a lot of alpha.
So check them out.
It's iown.xyz.
Nice domain as well.
iown.xyz.
You can follow them on own underscore XYZ.
Own underscore XYZ.
I own XYZ,
and get involved, y'all.
I mean,
this is another opportunity
to farm something,
something that's about to launch.
Looks like there's a lot of launches
coming up this year,
so this is another good one.
I see you can even win a gold chain.
Love that.
So there's a lot of different opportunities
here to get involved.
Jose, thank you so much
for partnering with us today,
and thank you for coming here,
and best of luck.
Thank you so much.
All right, brother. Have a so much. All right, brother.
Have a good one.
All right.
All right.
All right.
So are we ready to win?
Are we ready?
Wow.
This market is back.
I love this.
I like this market, boys.
Like I've been, obviously I'm back in like pretty bigly.
And so I look a little more and like every time, like we've been defending certain levels
pretty well,
boys.
Like even Bitcoin stole everything.
I like that.
Give me that 89K.
Give me that 89K.
Oh shit.
The Myriad line.
I forgot.
Wait,
let's check out Myriad for a second before we get to these things.
So shout out to the poker tournament that happened yesterday.
So Mando,
by the way,
by the way, Keyword Monkey did win the market.
Just started to tell you.
But hold on, hold on before you laugh.
Onsen won the most.
So he came first.
KBM second and your boy third.
So I know you were laughing saying, oh, did you even play poker?
Motherfucker.
I came third and I make money.
Nice little $3,000 payday for your boy.
So that was not bad. It was like 25, 30 at hand at most so KBM beat me hand one this is where he won first hand we get in
first hand of the game I'm nearly all in half my stack I get a king high flush
and he still manages to beat that with a king uh sevens full house. Pretty wild, right?
That was like, that was the hand.
I thought that was crazy.
Yeah, comeback of the year.
I know, right?
I had 100K tokens left.
I left with 700,000.
That was pretty big.
I think Jintao lost like 1.2 million Pengu,
but we're going to run these back a lot.
You guys should play nice.
You guys play poker?
I play a little bit of poker.
Not for a while.
Whatever.
It was very popular in my track five days. Yeah, of course. Tai, you play a little bit of poker not not for a while whatever it's very popular in my um in my track five days yeah of course ty you play a little poker uh i'm uh i'm a fish i'm a
i'm a fish too though and there's a lot of sharks at the table i just play you know i just put your
balls on a table you know i mean the code is game stop so let me go through these myriad markets for
a second so give people another minute to put the code.
RaffleBot.xyz, the code is GameStop.
So, boys, this market is very interesting.
It's got $55,000 of volume.
I'm not going to lie.
The yes at 13%?
8 to 1, yeah.
I mean, 8 to 1, we hit 89.
Mando.
I don't know about that, but
only 13% of people
have Bitcoin priced above 89,000.
That's mispriced.
Oh, by tomorrow.
Where is it now?
87.2, bro.
Yeah, that's mispriced.
2% moving Bitcoin is a...
Is that 13%?
Yes.
For sure. Also, you have to to remember that a lot of options this is a really good day to do this by the way
because this is a
call to end
a call to end means that a lot of options
expire so you get
and it's a Friday right so you're going to get
like billion I don't know what the figure will be
but I reckon you're talking
is this a big deal it'll be a big deal? It'll be a big
deal tomorrow. There'll be billions
of options that expire, I think, tomorrow.
Some may have expired on the 20th,
but the majority will
expire
tomorrow.
Damn. You're going to double down.
So that's not, yeah, I don't think that
probably takes into account that level of volatility
because I imagine a lot of them are probably set around 90K.
Yeah.
I don't know, man.
All right.
If I was putting money on this market, so I can't really at the moment, like, actually do it.
If I were to do this, I mean, you guys know me, I also like to gamble a little bit.
But, but
But 89k
I am position
What Gamble a little bit. Yeah, you like that? I'm like top five on the early board. I can't post
Oh, there you go
Try boosting no fucking boosting my post on I don't need to boost my post.
Everybody go retweet my shit.
But we're nearing a million dollars of volume, a myriad.
So we could use everybody's help.
That's fine.
Yeah, I do love to gamble, man, though.
I'm cooking, though, like literally.
Like I'm just fucking cooking.
You actually have a pretty...
Yeah, you have a pretty diligent strategy.
I do.
You've gone more defensive in in your trading strategy
i've grown um and then when you get that flutter you just kind of go on and do a little flutter
i think that's probably good for you i think that's probably good for a lot of people it's
helped my edge a lot like i do play a lot of blackjack lately i'm not even gonna lie like
i put a little this morning i played last night i played i play a little bit every day but if i
lose i lose i have a daily budget and if i win i win but i cash it all the time and it's taking me away from the trenches which is amazing and i just let my spot right so
i'm all spotting i'm all i'm spot sonic you like actually you put it straight to the spending
so since in canada gambling is non-taxable every dollar is a whole dollar um so i put it directly
my crypto credit card so i can't even i don't even cash it I put it directly in my crypto credit card.
So I can't even,
I don't even cash it out.
So it goes directly in my crypto credit card.
Or I can give money to my mom type shit.
You know what I mean?
Like stuff like that.
And then you tell the Canadian tax authorities,
then you leave,
you know?
Yeah.
That's it.
And it's real.
I mean,
you know,
I get,
I get my,
you know,
Yeet and Robin or whoever can get me a little statement of my winnings.
You,
you prove it. It's, it's real gains at a casino. So, you know, yeet and robin or whoever can get me a little statement of my winnings. You prove it.
It's real gains at a casino.
So, you know, so.
Truly gambling in Portugal is also not expensive.
Incredible.
That's amazing.
I, you know, listen.
Unless you are a professional gambler.
It's the same here.
Unless you're professional.
I'm not a professional.
I'm a professional media company founder.
And I gamble on the side. You know what I'm not a professional. I'm a professional media company founder. And I gamble on the side.
You know what I'm saying?
As am I.
Anyways, check it out.
But also, Tyler, we have the Fear and Greed Index over under 45 March 29th.
Where is it at?
Right now it's at 40.
Ooh, it's going to be over today.
Look at this chart, boys.
Look at this chart on the fear and greed.
What do you got, Tyler?
I don't know.
I feel like people are afraid right now.
I think I'm on the...
I think I would be on...
Well, at 65%.
The lines are kind of correlated to a degree.
Oh, we have more time on this one?
Yeah, one more day.
So it's 89K.
We'll probably go back to 45,
but then you've got a weekend sweat.
Yeah.
It really reeks of bitch on our timeline.
We're in this weird phase where people are not scared to go risk on risk.
Just go fucking risk on and wait.
Worst case is down if you're spot.
Every major bank just revised down their price. s&p 500 price targets for the year
i feel like that kind of spooked some folks oh well oh well let's give away some money how's that
and then we'll talk tomorrow about i really want to talk about the stuff going on all right who wins
oh solana's eye solana's eye is that a ticker Oh, Solana Zai. Solana Zai.
Is that a ticker?
Tweets are protected.
Solana and Zai.
Two of my favorite things. All right. Solana Zai. Consulted. Advisor. all right solano zai
consulted advisor web3x mintify crypto skulls nft now masa lab super team
super team and solano maxi solano and zai i like that how you doing
how you doing i'm assuming you're doing well i see see you on stage. How about we give you some money right now?
How about we give you some money right now? I see some man's comment from earlier.
All right, Salonazai. I see you. I see you sending me... You don't have to speak. Don't worry.
I see you sending emojis. You're good. Oh, you're here. You're here. Don't worry. You don't have to unmute. You're good. I see you sending emojis. You're good. Oh, you're here.
You're here. Don't worry. You don't have to unmute. You're good.
You're totally fine. You're totally fine.
Oh, GM, what's up? Are you ready to make some money?
I see.
Bud.
Wow, you win a red guy.
I hit click by accident and you won a red guy.
So I love that. I love that.
Congratulations, Solana Zai. you just won a wonderful red guy,
which red guys are actually doing very good right now because Ovi's cooking.
I really want the new abstract drink, you know?
I find the new model interesting.
You can just drink things.
It's an interesting one.
Anyway, Solana Zai, congratulations.
You want a red guy.
Tyler, I will see you tomorrow morning. Same for Mando. 10 a.m. Eastern Standard Time for another episode of FOMO Hour it's an interesting one anyway Sawzai congratulations you won a you won a red guy Tyler
I will see you tomorrow morning
same for Mando
10am eastern standard time
for another episode of
FOMO Hour
on Rock Radio
let's go Thank you.
Should I mint the Tapu Wizard?
Yes.
