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FOMO HOUR: MARKETS + NEWS.
Recorded: Sept. 11, 2025 Duration: 1:04:18Space Recording
Short Summary
In a lively discussion, the hosts announced the launch of a new show focused on prediction markets, highlighting the growing trend in this area. They also discussed significant partnerships, market growth indicators, and the implications of regulatory developments, painting a picture of an evolving crypto landscape.
Full Transcription
Thank you. Check. Check okay works. Oh, what's up? What's up? What's up? What's up? What's up? What's up? What's up? What's up?
What's up? What's up? Oh, is everybody what up opportunities with a bongo? What up? Hi, we question. What up?
Cookie. What up? Everybody. What up Charlie? Poor. Yeah. Oh, see what up? Crypto Queen. What up?
May hair. What's up? CJ. What up? Filter. What up crypto queen what up may hair what's up cj guat what up filter what up tyler all right charlie kick it baby Thank you. Yo, yo, yo, yo, yo, what up?
What up?
Good morning.
Good morning.
GMG.
Thursday, September 11th, 2025.
Look at that.
Another beautiful day to have a beautiful day.
I got my co-host in the house, Tyler Mando.
Woo.
It's been a while since it's been us to be. Look at that.
Good morning. How are you guys doing today?
GM. I'm doing great, man. How are you?
I'm doing good. I'm doing good. Just, you know, chilling, vibing over here.
Doing my thing, minding my business, doing my work.
You know, it's another beautiful day to have a beautiful day.
Tyler, how are you doing?
Doing well as well. It is a beautiful day to have a beautiful day. Tyler, how are you doing? Doing well as well.
It is a big day.
Launching the new show.
After FOMO.
There you go.
Yeah, I didn't even know this was happening until this morning.
It was very quick.
Self-launched.
Self-launched.
And then we had not the best day to drop a new announcement.
Oh, God, yeah.
We were meant to announce this.
And then actually have
Tarek Mansour as the first guest,
founder of CalSheets.
It was like banger right away.
And then the whole
Charlie Kirk thing happened.
And then we're like, fuck.
Like, you know,
how are we going to announce this?
Then we slid the announcement
and then Tarek asked to respectfully
just move that to next week.
So he'll come on next week.
But yeah, make sure you,
we don't have a page for it yet,
but against the odds,
Tyler,
I don't know if you want to quickly,
we're there.
So you may as well,
you know,
show the show right now.
Yeah.
I mean,
prediction markets booming.
They're all over the timeline.
I've been personally interested in them for a long time.
So has Jeeps been trying to think of a way to bring a show to the market.
Didn't have the exact idea to make it work. And then
the light bulb went off. It's going to be more of a stream than a show. The idea is to source
founders, experts, and traders. So I'm not going to be the expert. Jeeves isn't going to be the
expert. It's going to be us talking to other experts to surface other prediction markets,
to surface interesting markets, to surface interesting markets to surface interesting traits.
So it's going to be a little bit of a different vibe,
but I'm excited for it.
Yeah.
I mean,
I'm really excited.
I think it's gonna be awesome.
And so it's going to be every Thursday at 12 PM Eastern standard time on
DGEN's live.
So another really,
really cool programming that we're adding to our little,
to our little network we got going on there.
And, and so make sure.
How about that DGN's live stack now?
So it's got FOMO hour every day.
And then you've got the Tuesday, Wednesday, Thursday, 12 p.m. slot.
Dude, it's nice.
I mean, it's good stuff too, right?
Like the Underexpose is awesome.
This is like the most under the radar show, but it's so good.
Like so packed with value.
And then Rec Radio is obviously rec radio. It's great.
And then this against the odds one that's going to take place every Thursday,
which is purely prediction market focus. We good.
And we're going to get some bang. I mean,
just the fact that we're about to have Cal, she has a number one guest.
Like the first guest says a lot about the level,
the caliber that of guests that we're going to have.
So it's okay because tyler's gonna have the
honor to be joined by myself today um so you know i mean uh and uh and also bunch you also just to
chat more sports uh after that so we'll post about it more but pay attention to that show if you're
interested in production markets it's gonna be a good one anyways uh it's another show we're gonna do
markets oh we're gonna do a lot of markets mando today you're gonna be on screen sharing duty
tyler and i talked about it yesterday we want to see the indicators the mando if you don't mind
of course i don't want to put one indicator dude but we want to see them you we want you to bull post our bags so we're going to throw tickers at you that we own and and we want you to bull post our bags uh you know but no but
seriously um would love would love to see if you don't mind like you know take us to some some of
your some of your astrology um and then um then of course tyler's top 100 see what tyler's got in
store for us i'm sure there's a lot to talk about again.
Uh, definitely a lot of headlines.
Uh, some not so great.
Of course, as you all have seen what's happened overnight, it's not really nothing to do with
crypto and markets in general, but obviously not the best headline.
It's all over a timeline and we are, you know, Twitter native show at the end of the day.
So, uh, we kind of have to, to, to go through that.
And then, um, last but nice yeet yesterday big winner
uh mando actually the winner was a king veron made two thousand dollars playing lamb chop
lamb chop with us you absolutely love to see that so like a slight little 2k uh made hopefully uh
today we get another big winner and then last but not least this show is powered by wallet connect
wallet connect is a connectivity network shaping the future of on-chain UX.
If you've connected to a Web3 app, you've seen Wallet Connect.
That blue logo, it's everywhere.
And I couldn't trust in crypto is recognizable as Visa at checkout.
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Follow Wallet Connect on X and Telegram to stay ahead of what's next.
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can you dig it? and then we went down slightly. The CPI figure that came out today was broadly in line,
maybe very slightly higher
on the monthly for August,
but the bond market is now pricing
in three rate cuts
by the end of this year.
So they still think
this is going to be a pretty dovish
inflation figure.
I think this is a good sign.
I mean, these are the only things that would would
have thrown off potentially a a rate cut but i think we're definitely going to get one and maybe
even get uh successive ones now if things stay where they are the market i mean the broader
the broader market is doing fine. We have, you know,
still basically at all-time highs
and pretty much everything.
Interestingly, Larry Ellison's become
the richest man alive.
I don't know if you guys have been following this,
but Oracle stock has literally gone insane.
It's gone vertical.
So he's overtaken Elon.
So we're still seeing some strength
in that AI tech basket, let's say.
But maybe it's getting a little bit more broad but yeah gold looking good still hanging out basically at all
time high and stocks are too crypto was a bit more mixed bitcoin still looks good to me i think it's
heading back up um to maybe the high high hundred and teens if that's how you would say that.
And Solana continues to look strong.
JLP, another all-time high again today.
So, I mean, you would have been up a lot, actually,
if you'd done the 6X.
Anyway, we're looking...
Don't do that.
Yeah, but I think we're looking good kind of across the
board here i think we're gonna go across the board there's a little like some of the trades
which have been super popular so the revenue meta trades they got they were looking a little
bit frothy and they've they've seen a little bit of profit taking i think pump got a bunch of spot
listings today and that caused a little bit of a retracement it pump got a bunch of spot listings today and that caused a
little bit of a retracement it feels like it had hit six billion went all the way back down to
wow it's six and a half in a candle went down to five and a half billion and then similarly we've
seen things like athena has moved a little bit lowerpe is just kind of like hanging out above its previous all-time
high.
The main mover this week or today,
the stronger one, has been Solana.
The memes
haven't really
followed necessarily to be as
strong, but they're looking fine still
to me.
Yeah,
that's about it.
Oh, we got a...
AVAX did a DAT.
So we got a DAT from AVAX.
So that's been a little bit stronger.
That's broken out of previous...
That's broken out of previous...
It's looking well to begin.
How much years are reading
it's true right jlp would have been the best fucking trade in the like you would be up 60
it's up 10 i think it's just we said that you should move into it i gotta hold the line
tyler just give it the it's good it's a good it's a good coin. I'm not going to argue. JLP,
6X loops.
And you could have gone like 70X on Camino.
We should talk about
why JLP is good. It's because
Sol.
Sol is good. It's been the main one.
It feels like a little bit of a mini
altcoin season,
elm season. Everything that's not ETH is rallying, it feels like.
ETH actually was pretty strong, actually,
but it still feels like Solana's been the strongest,
followed by AVAX over the last 24 hours.
Yeah.
I mean, Solana is really strong here.
226.
It's looking really good.
Wasn't there some news this morning about
another... It's not another day, it's just an approval
or something? Yeah, Forward Industries,
the big debt,
they officially raised their 1.65
billion via private placement.
So they've got their money.
And they are ones who are going to buy, I believe,
more in the open market versus
trying to buy LockSol
from the foundations.
So this is more
pure market buying. I think clearly the market is front
running that a bit. An important
clarification on that AVAX debt,
AVAX is trying to
raise two funds,
one billion in total
to buy AVAX and create these
AVAX corporate treasuries, but
they want to sell the AVAX Foundation's locked tokens at a discount to them.
And the article that I read from Coindesk, a pretty reliable source,
it seems like the intention is solely to sell the AVAX Foundation's AVAX at a discount.
So no market buying.
So I guess you're avoiding some sell pressure from the foundation,
but it's not exact.
The sole debt's got flooded pretty widely from this.
In some cases, out of turn and overgeneralized.
This specific debt seems like it's not going to be
maybe a massively bullish force. Because in general, like like 1 billion is a huge number for AVAX.
I mean, if you do the market cap adjusted basis, right?
So what is AVAX?
So that's the market cap.
20 billion FTV.
So that's equivalent to 6.5 billion per soul.
Right.
So it's big, but it's, you have to understand the nuance.
All right.
Yeah, that's a good point.
Very good point.
Yeah, I mean, they're just selling their own tokens, right?
It's great business.
I read the stories like, wow.
Of course, I understand why AVEX wants to do this.
Who doesn't?
Who doesn't want to raise a billion dollars to sell their tokens?
Good money.
But should we talk about this macro setup a little bit?
So we're basically clear skies to FOMC next week.
Is there anything else looming between now and our potential rate cut next Wednesday?
No, not that I know of.
We have some labor statistics, I think, later this week,
but nothing major.
Wow.
I think consensus was 50 bips is out of the picture.
It dropped a bit.
Polymarket, it dropped from 20% to 13%.
It went to 20?
Because CPI, it came in line.
Like CPI, it's not cooling.
It's not terrible.
But there's another jobs report that was also terrible.
Like that was very bad today.
A new jobs report in the US came in well under expectations.
So I don't know.
I think that 50 bips is still on the table.
Dude, 50 bips and 20%, that's literally 10x from the show. They ain't I think the 50 bips is still on the table. Dude, 50 bips and 20%?
That's literally a 10x from the show.
They ain't going to do 50 bips.
I'll bet on that.
That's what people thought last year.
You can literally bet on that.
I know.
But I can tell what time is that.
No, because...
Unfortunately, I loved this the whole time.
Yeah.
I loved it at 2%. I loved it at 4%. But I didn't click the time. I loved it at 2%.
I loved it at 4%.
I didn't click the buttons.
I clicked the buttons a bit higher.
I was on the 50 bips, man, though, at 2%.
And I sold at 7%.
I don't know why.
I'll hold my Farcoin down 50%,
but I'll sell a prediction market bet
up 3x
for a $200 gain. a prediction market bet up 3x for like
a $200 gain.
that's a clean
10x medal. How are your
indicators? How are we looking?
We close above $113 on Bitcoin
and we're back there right now.
$139.
$44 flat on Ethereum. I mean, we're back there right now. 139. 44, 44 flat
on Ethereum.
$226 Solana.
And like we said,
there's a bunch of stuff
looking good.
The meme started rallying again.
I mean,
Rekt is back to 380.
Farcoin,
man,
I mean,
we hit that $900 million mark
overnight,
kind of back to 860 right now.
Pengu's up.
SPS is up.
Like,
meme coins are running here.
Like,
how do you feel here
about the market? Feels good. I i said it feels good like i i you know where my bags have been like i bought
bitcoin i sold my e i bought bitcoin i bought some alts i bought some jlp those have been my trades. I, yeah, I think we may get some volatility around the FOMC in general,
but I think we'll,
we'll go higher.
And,
I don't think you necessarily need to go crazy.
I do think some of the Solana coins look okay here.
obviously,
right.
Looks good.
Pengu,
I think looks good
mainly because I actually think
there's like a DAT trade behind that
do you know what I mean
like I think Pengu's going to announce that
or something along those lines
like almost certainly
you're just seeing this with Doge right now
I think we're going to hear something very similar
for Pengu
and then
but further down the wrist
I don't know if I'd buy
many memes
for that trade
I still like the L1s the most
which is why I like JLP
JLP is king baby
JLP is a great trade
I think it was 5-2 when you guys started talking about it again?
Not a long ago.
So 5-6 is nice.
Yeah.
In a time where a lot of stuff is down.
We're looking at 5-67 this morning, actually, which is pretty wild.
It's up, yeah, 10% on the month.
Is that outperforming most majors, 10% on the month?
Let me see.
Maybe not Solana, but.
But when I perform Solana, no.
No, not on the month, but...
Most, yeah.
I mean, Bitcoin's minus 4% a month.
ETH is flat.
Yeah.
Soles up 27% in a month.
Yeah.
So year-to-date, you should look at where it...
Type in JLP, see what it's done year-to-date.
I'm actually curious.
Have you got it there?
JLP.
Where is it year to date?
Why is it not?
It won't be in the top 100.
It's not like that.
Year to date.
I forget where to find it here.
I see it yearly.
So 84%.
That's one year, not year to date.
One year.
Maybe it doesn't show year to date. No, not year to date. One year. Yeah. Maybe it doesn't show you today.
But it's had a good year.
Yeah.
It's a good chart.
It's a good token.
It's a great token, dude.
Wow.
It's definitely outperforming my bags right now, at least in the last few months, let me tell you.
But Rekt is looking good again, so we're sold back.
Anyways, so that's that, I guess, in terms of the market.
We are looking great.
We had the closest we wanted yesterday.
Let's see how we hold up.
When's the Fed?
The Fed is on the 17th, so 17th, 18th, I think, right?
So we do have a little bit of time, but it looks like these rate cuts are coming.
You know, when you think.
Before I go to Tyler, quickly, the show, the code to win some money is against the odds.
I did the math this morning.
So with ye, we've given away $108,000, uh, on the show and we give away money every single day.
So that's already a lot of money.
Uh, plus that we just distributed the $19,000.
So we should go there.
We actually distributed the whole $19, uh19 to the top 25, I believe.
People who participated in the against Built for Big Moments contest that, by the way, we won.
Sorry, Wiz.
Sorry to – what's the name of the other person who was in finals with us?
I don't even remember.
Shen Rue.
Oh, that's what I thought.
Who?
Oh, that's what I thought.
Okay, so we won.
Okay, so we won.
And so we won that tournament.
And we just gave away the whole 19K to listeners.
And we give away money every single day, five days a week.
You have to put the court against the odds.
We started streaming on X again today just so we can capture some of that audience again.
I feel like we've been missing out a little bit on that.
So you can find us on video on X.
But if you want to win the money and enter the contest,
you actually have to have a Kik account and you have to actually follow us on Kik.
So find us there, DGN's Live Kik, in order to follow us.
And the code today is against the odds in honor of today's show.
Tyler, let's go to you.
For daily NFT and crypto analysis.
Tyler D on FOMO, our cause to Kik. We'reate on FOMO.
Our cause to kick it.
Ready to bash the bears.
Yeah, folks, it looks like crypto majors are actually flat here
after CPI came in line with expectations.
Bitcoin, 114K ETH down a percent, actually.
4,400 SOL up a percent, 226.
We did have those Bitcoin ETFs see 741 million in net inflows yesterday.
That is their highest day of inflows since July 16th.
So big, big numbers.
The trend is reversing more flows for Bitcoin.
The crypto mining stocks, Iron, CIFR, CORZ, all posted 10% plus gains yesterday after Oracle jumped 40%.
It also looks like Galaxy stock up 10% today.
So a lot of those crypto mining AI data center adjacent stocks are having very nice runs right now.
We had Solana hit a seven-month high, and Bitwise's CIO argued that the ingredients are there for an epic year-end run.
Credients are there for an epic year-end run.
So they're bullers on the soul.
The SEC did delay a decision on whether BlackRock's spot ETF can include staking.
So they kicked the can down the road on that one.
Pain Link, this was a somewhat interesting story.
They are working with additional U.S. agencies to bring more government data and processes on chain.
And they have an eye specifically towards election-related use cases.
So more transparency there, I think, would be applauded.
Binance and Franklin Templeton announced a new collab to develop new digital asset products.
Let's see, the SEC set November decision date for Grayscale Sedera Trust,
and then Baranek plans to apply for a hyperliquid staking ETF.
In corporate treasury news, we talked about this a little bit.
Ford Industries closed a $1.65 billion private placement.
They've got the money now.
They're going to use that to buy Sol.
Avalanche aims to raise $1 billion to create two crypto treasury companies,
holding AVAX, again, buying those tokens from the foundation at a discount.
And then this pop culture group bought $33 million of Bitcoin
as it expands into entertainment-related crypto holdings.
I'm not exactly sure what that means, but dig into that if you're interested.
In token airdrop and protocol news, it was a busy day.
So Linnea launched its Linnea airdrop, opened around $2.3, $1.7 billion.
FDV Meteora confirmed its MET token is going to take place in October.
Native markets looks like they are going to be the winner of that hyperliquid USDH vote.
They were 97% favorite on the polymarket this morning.
World Liberty Phi announced this new Project Wings on Solana,
pushing USD1 pairs live on Bonk and Radium.
Backpack Exchange is going to launch spot trading in many U.S. states.
And then Rekt Drinks, we talked about it yesterday.
Let's talk about it again.
Rekt Drinks introduced their newest flavor, Moon Crush.
I think it's the coolest looking branding that we have to date from the Rekt team.
It's in partnership with MoonPay.
Each case purchase comes along with Rekt Drink points
and more incentives and multipliers based on those who hold wrecked tokens.
And OpenSea also, news out then,
they landed a partnership with Coinbase One.
And they're going to give new rewards to Coinbase One
subs. And yeah,
that was a roundup. Kind of a lot.
Every day, bro.
Every day
this week has been like huge roundup.
And when do we even start? We kind of already
run over the ABAX stuff.
We run over the majors in the. And when do we even start? We kind of already wanted to over the ABAC stuff. Are you running over the majors in the markets?
Where do we start here?
Yes.
So actually one story I didn't hit is I saw it right before the show.
So on yesterday's show,
I was kind of ranting a little bit about how the Democrats are coming.
They're reaching across the aisle to work together with Republicans on the
crypto market structure bill and how it was a positive. They had a list of conditions. Well, now it looks
like some of the GOP is pumping the brakes on this crypto market structure bill. So Bismaya
reported over on Decrypt that Senator John Kennedy says they're not ready to advance the bill.
They want more time, effectively says not ready to create this regulation.
The banks aren't ready for it either.
So I think we were getting excited that we were going to start putting this bill forward here ahead of the end of this month.
And it looks like that is now in question.
So a little bit more TBD on the crypto market legislation here in the US.
So that was the headline.
I talked a little bit about the Chainlink news.
I think this is another interesting one.
This is a little bit more US focused.
We know Chainlink, it popped on the news that it's going to work with the US government to bring certain GDP, economic data on chain for more transparency. And it seems according to their CEO, they've got their foot on the U.S. government to bring certain GDP, economic data on-chain for more transparency.
And it seems, according to their CEO, they've got their foot on the gas.
They want to bring more United States data on-chain, work with more agencies to do this.
There's a nice long feature on Decrypt about everything they're looking to do and why they
want to do it.
I encourage folks who are interested in this to go check that out.
It seems like the big rock that they want to go after is elections
and helping to run election processes on chain.
And that would be a huge change.
I mean, the political environment in the United States is as volatile as it's ever been. Perhaps reaching
a fever point. That might be understating the situation.
And election integrity is a part of that.
I made a post yesterday how I feel like it boils down to trust.
And trust in elections is very important.
And this is something that blockchain solves.
Right?
So I think this is a very interesting use case.
I don't know if this is a little bit pie in the sky.
I'm not sure that I would necessarily bet on this being put in place by 2028.
Feels like a long shot.
Just because of,
I don't know what would go into this.
It feels like such a large project and overhaul and we have paper systems in
place in a lot of these cities and towns across the U S.
So it's a big overall,
but I think most folks I want to say would be in favor of this.
More transparency in voting.
So I think it's a good initiative.
We'll see where it goes.
Chainlink is pushing forward on that note.
The Binance and Franklin Templeton partnership was another interesting one. So we got the news, what, last week, a couple weeks ago, that foreign entities are going to be more allowed to operate in the U.S.
All those barriers are being removed.
It seems like Binance and Franklin Templeton are jumping on this one.
Strategic collab to develop digital asset products
and tokenization initiatives here together to launch in the U.S.
So I think
Binance has largely been blocked
from US users,
US companies.
Now we're seeing a major player
start to
collab and partner.
More change happening
with international crypto
and coming to the US.
That's like an early
headline, but
it's an example of a new trend
that is taking place.
So I think you can expect more
of that to come.
We want to go...
I think Binance is going to be pretty
much allowed in the US by this time
next year. Yeah, I wouldn't be surprised.
And I think he will probably get a
and I'll think there'll probably
be some sort of partnership between world liberty financial and and binance like they just got too
much money it also makes no sense that they're still banned right i mean still i guess the
process is long to like we you can't just snap your fingers and make them legal but like you
can't kind of like they are the biggest company in crypto.
Yeah, that's the thing.
They are, and they're working with so many different companies.
It's just better to get them on side.
So I think they will be.
Tether was similarly out there in the ether.
It was like, they're kind of outside the US control,
and then suddenly Bo Hines is leaving to join Tether. I think we're
going to go back and see a little bit of that with Binance here.
Like, they're going to have to
take the knee,
but they will,
yeah, they're going to be allowed back.
I think you'll probably see CZ
get a pardon.
Come on, get CZ's pardon.
Does that mean B&B is too cheap?
That's why I think
BNB has been rallying
to be clear.
so you think,
but there was also
treasury deals,
but yeah,
I mean,
it is tough to say
if it's too cheap
because it's like
the third largest crypto.
Yeah.
Maybe not third anymore,
but,
oh no,
it's small.
BNB has been rallying
because of this,
I think. It because of this I think
I think it will continue to go higher
It doesn't really go lower
It never goes lower
It just kind of
It reminds me of very similar
If you look at the Tron chart
It's very similar to Sideways for a long time
And then just like gapped up
Oh my goodness
It kind of feels like because Justin Sun got the got the nod that he was you
know okay BMP reminds me a lot of the Tron show whoa it's just broken out and
BMP's a lot more going for it than
Trump. They have so much
going for it. Well, actually, they've got a lot
of power and I just think
it could be worth it. But they do have a lot.
Binance as a company is Binance,
BNB, Trust Wallet,
they're very adjacent to
Bicad, to Mexi, to all these
other exchanges in Asia.
It's a mega coin market cap
actually we're on coin market cap every day it's binance yeah you want to talk about most hated
rally bnb might be well but how though because it's already at 900 right right but like no who
who in ct is a big no one no one owns bnb on ct but i I'm saying it's already a $125 billion token.
Yeah, but it's owned mainly by CZ.
What a Chad, bro.
I can't believe... Sometimes
I'm like, yo, this guy next to me is worth
a hundred billion. I would think
about that during an interview, and I was like, this is nuts.
Yeah.
Right there. You can touch him.
Probably more.
He might be the most
wealthy guy alive.
We don't know.
Surely he is.
I mean,
now that the Oracle guy
is more like
for a bajillion dollars.
He's up there.
He's up there.
Larry Alistair is back
to number two.
Look at that.
The fight is on here.
Elon's got a trillion dollar
unlock coming his way.
Where is he on the official
tread lightly here with the list?
Where's CZ?
He will not be on any of these lists.
No, no, he is.
He is.
You just missed him.
You just missed him.
No, that's racist.
That's not him.
Oh, here.
So when I did the interview, he was like 25, 26.
So they have him at 77B.
But he's worth way more than that, bro. Between his Binance
shares, his Bitcoin, his BNB. In all seriousness, how much do you think Binance is worth? Well,
how much is Coinbase worth? And then out of zero. Right. Coinbase is worth like 300.
Coinbase right now is at $81 billion market cap.
Yeah.
Coinbase stock is at $300.
No, I saw that.
I think this is a prize asset.
Do you know what I mean?
You can't even value it versus Coinbase because Binance is just so much bigger.
And it just has such an unassailable lead in so many different markets.
I would say it could easily be worth close to a trillion dollars.
In 2024, there was some reports saying that the market valuation is 62 bill, but I don't believe that.
But that's 2024.
You are smoking crack if you think that Binance So ChadGPT is estimated 50 to 80 but it can't be like
No way
What is
How much volume is Binance doing
There's probably no source data for it to pull from
You're talking all intangibles
Binance probably makes
So let's see the volume right
I would say that Binance probably makes... I would say that
Binance probably makes
tens of billions of dollars a year.
So right now, versus
Coinbase, right?
Holy shit. Spot trading
in Q2
was $1.47 trillion
and Binance was 38% of that share.
Look at that
versus Coinbase. Dude, $93 billion a day versus $5 billion a day in spot trading. and Binance was 38% of that share. Look at that.
Dude, 93 billion a day versus 5 billion a day in spot trading.
Yeah, dude.
20X the size.
275 million users.
I think Binance realistically
is worth like 4 to 5 Coinbase's
at 80 bill.
The thing is, you want to own that, right?
Because also,
this is the biggest company
in crypto, which is a growth
asset. If the UAE wants
to own, who will likely be
a buyer of a stake of
Binance? Well, they bought $2 billion.
They invested $2 billion.
They already bought some. I don't know what the valuation
for that would be, but
it could be wildly high.
Do we think Binance is worth probably like what?
$200 billion, $250 billion?
I think it's worth more.
I personally think it's worth a lot more.
So CC is worth like $100 billion.
Coinbase is $82.
So you're saying it's $3X?
$3 plus, yeah.
I would say higher.
But my other takeaway from this is like,
Coinbase has a lot of competition.
Hyperlux is coming to their launch.
Finance is coming to the US.
Hyperlux is coming after,
is dominating it in perps.
The banks are going to start
rolling out custody programs.
Some already have.
Their own chains as well.
You know what's just gotten like crazy
is the amount of wealth in the world recently.
Don't you just think this?
Like when you just start throwing around some of these numbers,
like, when the OpenAI guys,
sorry, the Mets is hiring that team for, like,
billions of dollars.
A hundred mil comp packages per person.
Yeah.
You just think, like,
sometimes you think, oh, stuff's really expensive
and, like, we're going to see a correction.
And sometimes you just think, like, people have just gone all in right they've just gone all in on
on like certain technologies and the people who have the maximum exposure to those technologies
are just printing godly amounts of money like cc's like net worth could just, like, double in a year.
Elon is going to hit a trillion dollars in the next 12 months.
I mean, you saw the Oracle light overnight.
Yeah, like, it is insane how much money there is suddenly
for the people at the top who are basically in control
or have large ownership of of these
technologies um i think we all said it like when ai came in and like maybe when crypto came in that
these were going to be these are going to be like really revolutionary technologies and then we
started to see like the big capex spend by the big companies around them.
But now it's just crazy.
The average NVIDIA employee is worth $25 million.
The average NVIDIA employee.
We're starting to see the numbers on paper now.
And it hits a little harder.
Elon's $1 trillion comp package.
That's not a joke.
That's a realistic proposal.
I think it also,
A, I think it makes sense because the prize is so big.
This is a true sprint and paradigm shift,
everything will be different on the other side of this.
So the incentives are absolutely there.
I think it also is driving one of the other biggest underlying problems in the U S and across the world is wealth inequality and the top 0.1% getting all
the benefit and the middle becoming much,
much larger.
Yeah,
that's it.
And they're going to print money.
So it's just going to increase.
Right? Like we're now about the
end of a period of money, lose
the monetary policy, interest rates come down,
house prices, asset prices go up
again, guys. And
it kind of just makes you think
you should just be all in.
So are you
talking about a super cycle?
No, I
think it's just more like people get too defensive. This is kind of what my point was Are you talking about a super cycle? No, I absolutely agree.
I think it's just more like people get too different.
This is kind of what my point was about Bitcoin.
It's like we've come so far, but we've also come so far in a world
where Elon's about to give himself a pay package of a trillion dollars
and Larry Ellison just like 5X his net worth in about two months.
There is this sort of sense that these technologies
is where you need to be exposed
and you need to just hold on
because people who hold on or own them
are going to be ungodly amounts of wealthy, it feels like.
And then you're going to get priced out
of a lot of this sort of stuff, I feel.
You've got to be invested.
can't like,
for example,
the guy that gets paid or the guy I'll go gets paid 500 million for working at
open AI.
Like what are they going to spend their money on?
They're probably going to buy some Bitcoin.
They'll be like,
yeah,
you know what?
Like Bitcoin is probably good.
I'm sensing that move from AI to,
to, to, to blockchain tech. Been talking about this for a long time, but it's finally happening
I'm seriously seeing it. I don't know about you guys, but I'm really seeing it at the same time
Yeah, it's happening at the same time, but
It's just you have to have the balls to buy the dips
You can't have
Being particularly now we're going into a world like tyler i heard
was mentioning on the show yesterday interest rates are coming down 10 years dipping below
four percent highest amount of mortgage demand we've seen in three years suddenly and you
suddenly feel like god was that your dip like was that your dip to buy housing was that your dip to
buy like we're going higher like it might be painful
but like assets are going to go higher again in my opinion barring some black swan or something
horrific happens in the u.s like that's something that continues to i think is like a worry uh
we are setting ourselves up for bleeding edge tech to continue to go higher.
So make sure you have exposure.
And you're at the cusp of it.
If you're listening to the show,
because you're involved in blockchain technology in a way or another.
So it's like,
we're literally,
we are there.
We're there.
Full-ported Farcoin,
you know,
Farcoin is the future of France.
Come on, show me your indicators on Farcoin. Makecoin is the future of France. Come on.
Show me your indicators on Farcoin.
Make me happy here.
We're joking about it.
This is such a serious and important conversation.
I think people need to – you need to make a decision that you believe in this.
This is the world that we're living in where the top assets are going to continue to inflate in price as your dollar gets inflated away.
Yeah. assets are going to continue to inflate in price as your dollar gets inflated away.
And the top 0.1% are going
to accumulate the huge rewards and
persist in yourself accordingly.
Or you don't.
And you're going to ride crypto cycles
and you're going to invest in the S&P 500.
I don't know. I was talking about this
on Underexposed and
how to invest in this world if you
believe this.
And for me, I don't want the S&P.
I want the Mach 7.
I want to be more concentrated in the Pico top.
And I think Tesla is a huge five to 10-year play.
I mean, NVIDIA, they're all in there.
There are going to be handfuls of other winners.
There's going to be winners in other sectors like robotics.
I'm not an expert. I don't know which companies to pick in robotics but it feels like a combination of bitcoin mag seven and i understand the gold
pitch as well there you go um seems like the way to position for that at least from my view and it's
just illusion of wealth as well it's like everyone will get feel more wealthies in them but actually
everything's going to get more expensive as well. And yeah, like just hold on.
Make sure you're invested.
I can share some charts if you like.
Yo, let's go.
Let's go.
Go for it.
It's not every day we get that.
We get this like every six months.
Go for it, Tyler.
Producer Charlie's chirping me that we're going to go up only, barring any more ghost months.
This is total crypto market cap, right?
Wait, I can't see.
Hold on.
Let me show you.
I use very, very few indicators.
And I do not prescribe to knowing where, where like this is going to tell me where things
are going it kind of just tells me what's already happened okay so this is why like it's almost
useful to be describing what happened over the last week um so that's total what's total so that's
awesome like it's just something that i've always used for trend following and I use Renko Renko bars because they're cleaner
I just like to spot trends
I don't really get involved in the day trading shit
and this is a shot we've just had
and we've just suddenly got this buy signal again
on crypto total market cap
and the last time we got one there was like
7th of August and we went up
you know went up
what's that 15% from there?
And this is for pretty much every major asset.
So, like, Bitcoin just did it.
It just broke out from that period
and now looks like, you know,
last time it did that, it went from
$117 up to finishing
off at $123. So, I don't know
if this is, like, a full reversal.
I use four-hour charts, but
you can do it on the daily as well
to kind of show it a little bit better.
But the market looks good to me.
We're now seeing a trend reversal here, which is pretty strong,
and it's being led by Bitcoin.
ETH, on the other hand, broke down.
This is when I started getting more bearish on ETH
because it kind of got that sell signal there,
and it's kind of just hovered down below.
It may end up going back up, but the trend is now bearish on ETH because it kind of got that sell signal there and it's kind of discovered now below. It may end up going back up, but like the trend is now
slightly broken on ETH. Solana similarly just got the buy signal. When was it? That month,
185, kept on hitting a lower heart and just kept on going higher. And then you can look at like
the stuff that you you like for oak so
yeah my back point has hasn't quite yet got a buy signal but like it looks like if it breaks now
above here and goes like uh 0.9 that would be a good part so i i set up my trading view as longs
which i like and shorts which i like um but bmb like this thing is just going to the moon wow
you you put that on a one day like it doesn't even look overboard yet like this thing can go
this thing can go really really high um and then the ones that recently got buys by the way
tengu tengu having had had this long period of downward,
got a buy when it broke out recently.
And now, you know,
that looks like a nice little...
Could go back up there.
Wrecked.
I forgot the wrecked chart.
Got a buy two days ago, I think.
Gorgeous.
Yeah, when it broke back up.
So what's this under?
What's this stuff in purple under there?
This is just RSI.
I look at it as an overbought metric.
So for example, I was long pump.
And then on pump looks slightly overbought. on uh pump
looks slightly
overbought
so I
I had sold
some actually
around this
sort of price
so I missed
out some of
yeah
the gain
there but
like what I
just found
about this
is it just
cuts all the
noise
like all I
have is alerts
when these
things trigger
buys when
they and
then you can
kind of see
if you're just a trend follower like me,
like I don't trade that often, but I'll follow a trend.
It's good to see.
Like you would have been able to pick up on like, for example,
hype, for example, now looks slightly overbought.
It's gone above 70 on this to measure looks slightly overbought.
But you'd have picked up on it all the way back here, right it did that um you just don't miss a trend happening so and this isn't again
to prove what's going to happen but you can kind of tell it makes you cut out the noise of i can
tell what's happening right now like i can tell there may be a trend about the form in in pengu
right now i don't know if it will it could
go back down but the last time it's done this has been there where it went from 0.36 to 0. so that's
a 20 move um it reversed here and then you obviously get a signal to cut it but then similarly
it did that there and it's the same with rect like you could do it with a lot of these so
um i am just a trend respecter allows you to work out what's going on in the market rather than
um necessarily that it's going to be correct love that our listeners like our know about our
our favorite uh of our chart patterns we, don't take my guji saying,
Tyler, Pengu is a double cup and handle.
I can't unsee it.
I just, I saw that comment
and I had to go straight to the Pengu chart.
I love how our listeners just know,
well, you've got a lot of those shorts.
So, whoa.
Yeah, so these are like the general,
they're not all shorts,
but they're generally like points
of bad tokenomics often.
So, like if the market looks slightly overbought,
I might put on like,
like I've got a small short on
World Liberty Financial right now.
What else have I looked at to short in the past?
Sui, I always looked at the short,
but actually Sui got a buy signal so it looks
you don't want to get into where that um cro like this is the chronos coin yeah like that had a
massive run up and then from here i was shooting it because it broke down and then that's been a
good trade those are four hour candles so how Renko works is by a price movement rather than really by,
by hour.
Cause it's a lot of green here.
Each cat,
each candle here is the same amount of price movement.
So it's not done like that.
So like sometimes the gaps between here isn't four hours.
I don't know how to describe that.
It won't print another candle until you've seen a certain percentage move so it's not
like a classic price chart got it got it like this isn't a new candle doesn't form every four hours
it only forms if there's been a price move over a certain amount that's why you say it's a trend
because there's like on the left side all the, that doesn't mean this was 80 hours straight of green. Right.
It's just a trend following.
It's really useful for trend.
Very interesting.
It's called Renko.
Renko candle.
Interesting.
I like that.
Actually,
this is a great way to,
this is really smart.
Cause that way you stop following chart patterns.
I mean,
if I go to candles right now
yeah that's the four hour with the same indicator right like that can look really
noisy yeah it is whereas if i go like that i get a much deeper picture about you what's going on
Wow.
Yeah.
Sick.
Everybody's about to trade fucking Renko candles on the show.
Tyler's already on his hyperliquid.
Tyler's already looking at how to add those changes set up to Renko candles.
If you find yourself over trading or not knowing whatever to do,
I find Renko with a very simple indicator like this,
which is just a trend following indicator.
Like when it crosses through the middle of the bar in Japan,
it will normally give a buy signal, not all the time, but often.
All right.
This is incredible lines.
Thank you, Mando.
Dude, I love these lines, dude.
If I'm pulling my personal curtain back,
my primary hyperliquid position is a 15x long Bitcoin
that I was up big on and then I held
and it was underwater on for a very long time
and worried about protecting.
And now I'm getting close to even.
And I'm trying to think through how to manage it.
Do I just let this thing ride?
And the daily fees have been brutal.
But I feel like
it's still got a lot of
near-term
What's the trend saying, Tyler?
and 114 was the key level. We're above it.
We're holding above it.
So CPI.
I owned a lot of the revenue meta coins
and I've sold them all in the last 48 hours.
Generally.
They became consensus, right?
You also tend to trend.
Not that I don't think they're really good coins,
but you will get a day to buy them.
Like three weeks ago, yeah.
Athena feels like it is.
I feel like Pump reached that level of euphoria
in the last 24 hours, which is why I sold it.
Yeah, that makes sense.
It just suddenly felt like everyone
is in this trade.
And no matter if they do too many
of buybacks, this is a pretty
loose coin.
There'll be a day where it comes back down.
I may have sold it too early. I sold it at
0.544, I think. a day where it comes back down. I may have sold it too early. I sold it, like, 0.544, I think.
That's where it is right now.
I mean, it's literally where it is right now.
And this morning, I was like, ah, I should have kept it.
But then now it's kind of proving my point.
And I don't know if you buy this or you just wait for it to, like,
show a little bit more blood, and then you buy the blood.
Okay.
That's super interesting.
I love that. So there you go guys you got mando's lines see you
guys in six months for another episode of that uh but now you understand you know what goes behind
the mind of rain man you guys should check out the movie rain man and let me know if you think
that's mando because that's him um you know they actually made the movie after him i kind of
well it's funny because I used to call you that
Then Ovi was like what the hell
He's like we used to call him that at Barclays
I was like no way
So our quant has spoken
We're coming up on time
I guess Tyler whatever topics you had left
We can cover tomorrow
We should talk about Linnea
But maybe we'll give a little more time to it
I'm actually really curious about that one
Because it kind of went on the radar,
and you and I were talking about it,
and it didn't mean trade.
It's like, what, $1.7 billion FDV?
It's one that I don't know.
I think you've got time to think about that trade and entry,
I think, is the takeaway.
Perfect.
So there's that.
We'll talk about it a bit more tomorrow as the T's just happened.
Well, shall we give some money away?
Let's give some money away.
Just a reminder, because now we have a lot of new listeners, I'm sure.
Now we're back on X.
Monday to Friday, shout out to Yeet.com, our sponsors.
If you use the code FOMOHOUR on Yeet.com, so you have to use the code FOMOHOUR and follow us on Kik, of course.
You get a chance to win.
And we give money every single day, five days a week.
And it's a lot of fun.
We play live on air.
I was saying we should – I mean this is before I knew you bring out another show already, Tyler.
But I was saying this before yesterday.
We should do like a FOMO hour, night hours.
A night one?
We should do a night one.
Across prediction.
No interviews with us either on the –
This is not going to fly on against the odds.
Or a myriad, right?
I'm still down for that, by the way.
Let me do cocktails. Unfortunately,
my late hours are literally a little different
than your guys'. But we can still...
It's nice for you. It's like happy hour for you.
Yeah, true.
The most fun thing I ever did, I did a Frientech
happy hour, and I'd have a few drinks.
This was also during the Frientech heyday, but it was a very fun show.
They're more fun because it's laid back.
Load up the Marriott account.
Load up the E account.
Let's go.
I'll load up the Faroq account with my own money.
Fuck this.
I want to gamble on air too.
Let's go.
I'm in.
Let's pick a date, Mando, and let's get it going.
Maybe we do one before Asia and then after when we're back from Asia,
we can read it in October.
It's also fun in the winter.
People love night streams in the winter.
Of course.
Yeah.
Yeah, everyone's stuck inside.
I'll be stuck inside.
I mean, there is no winter.
I love you.
Boa noite.
Boa noite.
How do you say thank you for understanding in Portuguese?
Anyways, go for it, Charlie.
Obrigado.
Come on, man.
You should know that.
Obrigado por entender.
Stasico.
Stasico.
Congratulations.
Stasico.
Congratulations.
Yeah, Friday nights could work because I work out Saturdays at 10 a.m.,
so I usually don't go out Fridays.
What is it?
What is it in Portuguese?
Obrigado por entender.
It's just like Spanish.
Yeah, entender.
Every other word in Portuguese is like impossible to understand in this one.
Obrigado por entender.
Stasico.
Wait.
I went to San Sebastian
over the weekend,
right?
Their language. Do you know the Basque language
at all? It's different.
It's like a dialect, right?
It's the only language
out of all languages
the Middle East, India, Europe
that is not like any of the others.
It has a lot of X's.
It's like X's and K's.
It's from prehistoric times.
So they think it's from like 5,000 to 10,000 years ago.
And it's not an Indo-European language at all.
Interesting.
It's so different.
I've never been.
Yeah.
How is the food?
I hear it's like the place in the world with the most Michelin stars.
The food was good.
I honestly prefer the food of Southern France.
I mean, you can't beat that.
All right.
So Stasico, the unison is Boston ZO and he's here.
Boston ZO, right?
Is that what?
Am I getting here?
Boston ZO. How is this even possible? I don't know if it's possible. You tell me how it's possible, motherfucker he's here. Boston Zoe, right? Is that what, am I getting here? Boston Zoe, how is this even possible?
I don't know if it's possible.
You tell me how it's possible, motherfucker.
You won.
Congratulations.
Boston Zoe, do we give Lamp Shop another try, Tyler?
What do we do here?
It was fun.
I was actually thinking Risky Click.
All right, let's go.
This is Risky Click because we did Lamp Shop yesterday.
And tomorrow's Far Coin Friday. Of course I i'm here i love his answer all right well boston zoe you know the
vibes and if you don't know let me explain them to you first and foremost you won 500 congratulations
you're already up 500 bucks now you have two chances at playing risky click and you get two
shots at 250 per shot you have to pick one of the multipliers. Of course, the higher the multiplier,
the higher the risk. Boston's though,
pick a multiplier, and if you want to do more than
one at a time, just give them
all. If you want to do one, two, three,
you tell us which multipliers, and we'll click them all
for you. Let's see what he's got.
Yesterday's
lamb chop player was Chad.
It's an epic run. It's worth re-watching
the clip. This guy goes on medium and then plays it to perfection.
Okay, 175.
Yield farm on blast.
Okay.
Oh, I never realized Yida mask.
That's one of the most dangerous things you can do.
I know, bro.
Let's go.
Yeah!
Yeah!
Damn! Oh, then 1.4.
All right.
Then 1.4.
All right.
1.4.
I like that.
Let's hit the 1.4.
Let's hit the 1.4.
Oh, baby.
Well done.
Well played.
Okay.
So right now you have 600 bucks.
You can cash it out.
Keep going.
You're looking hot, baby.
You can buy a monkey JPEG. You can looking hot, baby. You can buy a monkey JPEG.
You can borrow against your rate.
You can buy a Trump coin.
How much do you win if you do that?
That would be nice.
What does he want to do?
Boston's out.
And you get another shot after that.
See, let's go.
I love how he's just excited.
Cash out.
Damn it.
All right.
Let's cash him out.
I hate when they cash out.
How good of a board was that?
Let's see.
We both know it's going to be nice.
That was a great board, though.
I was thinking he would have gone 1-3.
Yeah.
The 420?
All right, but it's okay.
He made 6-12 years, so he's already up $1,100.
So you're already up $1,100.
Boston, so exactly. 1K save. Well made six 12 years. So he's already up a thousand. So you're already up $1,100. Boston Zoe.
Exactly.
One case save.
Well, there you go.
You have $1,100 in the bank.
You get to play again, Boston Zoe.
Give us all the ones you want.
Give us all the clicks you want.
There you go.
Congratulations.
Already $1,100.
If you're watching this live, I mean, it's pretty fun on video.
Make sure you watch on video.
All right.
Keep.
You got another shot, Boston Zoe.
Give it up. What you got?
What you got?
Where's he at? All right. Go 2.5.
I like that.
He's going to get this one. I feel it.
Yes, I told you guys!
I told you guys.
Dude, see,
Mandel's bag, That RTP's cranking
That baby
ShowU.com
Alright, alright, alright, alright
Boston's out, dude, you're on one right now
You're on
I wish he was here
What now?
You tell us
What now? I'm not playing for you
Send an e-girl your seed phrase.
I don't know. Maybe that's a rug.
I don't know.
You've already got so many in the bank.
You got $1,100 in the bank.
What is he saying, please?
Alright, 1.5.
1.5. There you go. Accept a Bloomberg
interview. Let's go.
Let's go!
Holy shit!
Let's go! Let's go! Let's go. Holy shit. Let's go.
Let's go.
Let's go.
Let's go.
Let's go, Boston.
You're at 937.
Let's go, Boston.
I feel like he's got to keep it going.
We're coming inside.
It looks quite nice.
It's 2X.
Just the 2X finish out.
Oh, my God, dude.
Dude, that's...
He's already at $11 on a box.
What is he saying?
Bro, lads, look at him.
Can you guys see the chat on screen?
No, I can't see it.
I can't see it.
Charlie, you should see the chat.
Oh, sorry, because I'm reading it straight from K.
Charlie, you should put the chat on screen if it works.
Oh, I think it bugs sometimes.
I'm looking.
He goes, I don't know, man.
1K on the line.
It is 1K on the line, but you made 1K already.
Sorry.
It's not for me to tell.
I don't know people's situations.
I don't know what.
What do you think, chat?
Should we go for one more?
Yeah, what do you think, chat?
What do you think, chat?
1.2, last one.
1.2, last one.
All right.
They all say that.
Ready?
Come on, dude.
Come on, dude.
What'd he say?
He's at 11.25.
So that means he's already up 2.2K.
What does he say?
Dude, I think he's already up 2.2K. What does he say?
Dude, I think he should hit that 2X, bro.
As soon as Mando comes back.
As soon as Mando comes back.
You know we're going to take it too far.
We're going to rug him.
I mean, of course.
I mean, I'm also a gambler.
And Boston, listen, if this is good money for you,
like if we're talking rent money, grocery money, like take it.
That's what I would say.
If it's just play money, play it.
What is he saying?
He says cash.
What does the chat say, though?
You know?
Those people I know know skin in this game.
I'm not like. I got to ask a question though.
Boston's oh,
is this your final answer?
We know it's,
I'm the worst friend.
I mean,
I'm not like life changing,
but it's a big one.
Cash out.
It's like 1.1 K.
Like what?
Yeah,
it is.
All right. Let's, let's cash them out. It's like 1.1k. Yeah, it is. Alright, let's cash him out.
So congratulations.
You made a lot of money, actually.
You made like 2.3k?
2.2k?
Oh, oh, oh, oh!
What'd I tell you guys?
What'd I tell you guys?
What'd I tell you guys?
Dude!
Hey, guess what?
If you would've hit the 2k right now,
he would've hit a 2.2k.
He would've made like, what, $1,000 more?
$1,100 more?
So he still made 2K.
Congratulations, Boston Zoll.
We'll do the math, but you made about 2.2 and a half, $2,300.
So we're back, y'all.
We gave away 2-something K yesterday, 2K right now.
Um, it's going to be a big week. I love that. All right. Well, with that, Tyler, you have your show in an hour from now.
It's going to be a big week.
I love that.
All right.
Looks against the odds.
Against the odds. Make sure you tune in.
Aren't you? We're going to talk to show vision. We're going to talk operations of a prediction market.
Pull back that curtain. We're going to talk sports. We're going to talk markets.
It's going to be fun.
There you go. Love to see that. Congratulations to everyone.
And with that, with that, with that, we'll sell tomorrow morning,
10 a.m. Eastern time for the episode of FOMO Hour on ROG Radio.
Let's go. Thank you. Hmm.
