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FOMO HOUR: MARKETS, NEWS, SANTA RALLY WAITING ROOM!
Recorded: Dec. 18, 2025 Duration: 1:01:18Space Recording
Short Summary
Coinbase's recent event signals a major shift towards integrating stock trading and prediction markets, reflecting a broader trend in the crypto industry. As platforms pivot to traditional financial products, altcoins face declining interest amid ongoing selling pressure from long-term holders.
Full Transcription
I'm sorry. you so
yo yo yo yo yo what up what up good morning good morning gm gm thursday uh december 18th, 2025. Look at that. Another beautiful day to have a beautiful day.
I got my co-host in the house, Tyler.
Good morning.
How are you doing today?
I'm good.
We're one week out from Christmas.
The Santa Rally waiting room is open, but plot twist, we're all just going to die inside
the waiting room.
That is grim as fuck for Christmas.
So maybe
we're going to
have to find some new rooms to wait.
Oh my god, yeah.
Yeah, we're going to be waiting for a minute
there.
But I just, yeah,
we're going to be waiting for a little minute. Anyways,
not only that, there's just nothing going on.
Other than that, it's a little bit more quiet out there.
Yeah, it's definitely very quiet.
I guess we'll talk about that in a minute.
Markets, news, all that good stuff.
We're flying, ripping, soaring this morning.
I think it's already stopped there.
Where's the quote burn?
We need to know how burn's trading this W pattern.
I don't understand where Burn is. I want Burnie to send me immediately a
screenshot of his little
green dot and red dots.
You know?
How do you think he's trading? He's for sure trading W pattern
on the one minute candles.
I'm sure he's not posting because he's just busy
trading.
He's locked in, right?
Yeah, you could argue. Burn is locked in right now. He's locked in, right? Yeah, you could argue.
Like, Burn is, like, locked in right now.
Like, Burn's busy.
I mean, he's locked in.
He's the best quant on CT, and he's focused on – he's mentoring, right?
Like, he was mentoring Mando, right, for the competition.
Like, a good coach took him to the finals. Took him to win.
And now I think he's been busy.
Maybe he's taking other people under his wing, right?
I don't know. Mando would know.
Who just joined us in this too.
Let me bring him up. Mando, good morning.
Oh, we can't hear you.
We can't hear you.
What about now?
Yes, sir. How you now? Yes, sir.
How you doing?
I'm good.
Chilling.
We were just wondering what Burn's been up to the last CHOP days.
We kind of want to see an update on his chart.
He's just been making money.
That's all you need to know.
He's making that bag.
He's locked in making money. That's all you need to know. He's making that bag, you know? He's making that bag.
He's locked in.
W chat, you know?
Burns going to pull up with the frosted tip soon on the stream, you know?
Screaming W chat.
I think after mentoring you into winning your competition,
I think he maybe has taken on, like, more students or something.
Yeah.
I think so.
I think we have a course coming, right? i think we have a course coming right yeah and of course coming yeah so everyone else is hating to trade burns is in there
in out lambo
one lambo per kid everything anyways today on the look, there's probably not much to cover,
but we'll try and do our best, and then we'll give some money away.
That's for sure. So we'll do some markets.
We'll do some news. There was a Coinbase event yesterday,
which was kind of like the right, all the news.
So we'll talk about that. Then we'll get on to
Yeet, and we'll
pick a lucky winner. We'll play probably some more
Lamb Chop or something. We'll give someone some money away
because that never dries up.
Use the code FOMOHOUR to sign up.
Two, have a chance to win five days a week.
And then last one, this show is powered by EigenCloud.
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to stay ahead of what's next and this week only so you only have until tomorrow we've partnered
with maxi so you get 50 for the first 40 new users.
You have to deposit $100 and do $2,000 in notional volume.
So it's really not that much.
If you know how to slide the lever a little bit, just don't lose your $100, right?
So there's a QR code at the top.
You can get it there.
You can just go to the FOMAR page and figure it out.
It's tweeted out there.
Anyways, look, I mean, this market record is probably going to be flat, but let's just try and give it out. It's tweeted out there. Anyways, look, I mean, this market record is probably going to be flat,
but let's just try and give it something.
Who is the man, macro daddy of the man?
Can you dig it?
GM, everyone.
It has been kind of just a bit of a volatile day
I would say
we had some slightly
dovish
inflating data came out
which is like a miss
the downside
which probably opens up the room
for slightly
looser monetary policy
but we've been kind of on that
path for a while here.
But maybe we'll get another cut next time.
It still feels like we're not crashing down lower
in terms of inflation,
but maybe that will create a slightly more dovish Fed.
It definitely will make them feel
they made the right call in cutting recently.
There was like a dissent on the board,
if you remember the last time they cut.
Before that, we've been weak.
The overall AI space has been pretty weak.
Kind of the stuff that I was mentioning yesterday, really.
But anything kind of open AI related has really been spiraling over the last few days, last week, basically.
This is Oracle.
This is a few of Orweave, a couple of the other AI related stocks, just, just general like AI worries, I would say.
And it's all really down to open AI when you kind of go under the hood.
So this, I don't think it's becoming a bit more popular as a thesis now that OpenAI might be in trouble.
They did come out yesterday and say,
hey, we're looking to raise it $750 million market cap.
And there's a lot of like, is that actually happening?
It kind of reminds me of WeWork a little bit here
where SoftBank was driving it right away.
And it's like like it's not
that I don't think that OpenAI
has a much better business than we were
but there is a little bit of just like they need
these valuations to keep it going higher
before the IPO or else
it can get a bit messy because
they burn like
20 billion a quarter it looks like
so they need to keep on raising
money to do that and at the
same time you've had this move by like google and everyone's like google's products that is way
better than open ai suddenly um so it's just like fought in this slightly difficult scenario where
everyone's hoping the hail mary will be an ip IPO where you get to sell it to retail at like a trillion dollars.
But a lot of people are being like, well, maybe that can't even happen.
And that's what's causing a bit of the worry because they're also just behind someone's spend.
Yeah.
You've just seen, I mean, I'm sure anyone who typed in OpenAI into Twitter yesterday, you'll start to see more posts about it,
but this is like a growing trend, I would say, of beer around them.
At the moment, it is extending a little bit to some of the other
really strong names, like Tesla was down yesterday, so was Google.
But I would say there are still going to be some winners
in this scenario, in my opinion.
So I don't think it's like everything goes to zero sort of thing.
But yeah, OpenAI definitely not,
definitely causes some jitters.
And the NASDAQ still is 5% from all time high.
So it's not like, like this isn't necessarily like,
oh, baked in as an overall trend.
So if people start to think that, you know,
there's a bit of a bubble here in AI,
open AI going down or having issues,
then I think that would lead to some more widespread fear.
So that's the current macro backdrop, just like another wobble around AI.
We're up a lot this year, I think, in stocks.
And so the idea that you might wobble in the final two weeks
and no one wants to step in front of it, sometimes that can happen.
So I don't know for the final two weeks and no one wants to step in front of it sometimes that can happen so i don't know for the next two weeks i'd just be yeah just just a bit more just
fuck off and enjoy the time with your family guys just put it that way right let's just you know
why don't you just go buy a bunch of chocolates and just like eat and just get as fat as you can for two weeks and have fun.
How's that?
It does feel like that right now.
Right?
Like I just, I, you know me, I'm the king of FOMO and the king of wanting to overtrade.
For fun yesterday, I think today's, I told you guys, I bought some fork when like 330 and I sold at like 350.
Thank God.
Because it went like 260 this morning.
But I held it for two hours because I just couldn't stop at opening the hyperliquid up because I was scared.
The market is scary, right?
I mean, Tyler's not even trenching right now.
Nothing.
There's a whole lot of action right now, if I'm being objective.
That's the biggest signal.
There's nothing coming out of Tyler at the moment
you know
so when Tyler's
fucking posting everyday
whoa Jack this is 20
mil overnight or this is 17 mil
or it's 15 mil then talk to me about trading
I guess there's like
random trades happening like it's actually
like a little the vibes this morning were like scammy happening. It's actually like a little...
The vibes this morning were like scammy.
So like it's the 2024 AI tokens, the crypto AI tokens.
Yeah, this is where you get scammed.
Exactly, you're right.
ARK is up 25%.
Alchemy is up 20%.
Okay, I see what's going on here.
On the back of the Pippin stuff probably, right?
Yeah, with Pippin still hanging out, there's mixed reports.
There was this one Twitter
account that said it got listed on Robinhood.
I think that is fake news.
I mean, we would have known. I have the notifications on for that
page that tells you
the listings and that didn't come through.
I've checked Robinhood multiple
times to see that because that would
be pretty big.
It's still at 420.
I mean, yeah, it's
way up. It's still at 420. I mean, yeah, it's... It's still up.
It's still at 420.
So the 80% cabal, really,
they're holding that one.
I love it.
Should we talk about some of the majors?
Not majors, but the next down the tier.
Hyperlink was down 10%.
Yeah.
I think ahead of Likes at TG, like we said,
which is expected to be this month.
Well, actually, the odds of it not happening
in 2025 this morning stored
on prediction markets.
But you're right.
We're talking near term.
Yeah, of course.
And then I think the team has been
selling. It looks like at least all contributors have been selling
as they should
honestly I saw a tweet saying like maybe don't sell
when their token is down so much what do you mean
like sell
like everybody ate on your shit
for a year you know what I mean
I don't know could this be a bottom five hype?
What do you guys think?
Like, where do we buy hype?
Are we going to get $8 Solana again with hype?
I see what you're saying.
I don't know about $8.
$10?
Where are you buying hype, Mando?
Where does Mando trade hype?
Where does Mando go, okay, fuck it, I'm longing hype?
Oh, good question.
I thought around $25, But I didn't step in there
Because I got more bearish
Like the overall market
So it is around here
I saw Ponzi saying 1824
That's where he's
Everyone will always say a lower level
Than where it is right now
You know what I mean
I hate catching falling
knives yeah this is something i just never like to do um because i just feel as though there was
been the trade where i've in the history of my time in crypto that i've lost the most amount
it's been like that's my level that i go all in. And then just like straight down the other 50%.
So never buy, I'll never buy.
And that happened to me with ETH.
I remember the first cycle.
I was like, it went down to like 2,500, I remember, from 4,900.
And I remember being like, it's not going lower.
Like, that's my land.
That's where I was.
That was kind of the level.
When I first came into crypto trading, I was like, this is so bullish right now.
And then Luna happened, FDX happened, and we went to 900.
And I'm just being like, why did I think that that was the level?
Yeah.
So I'm not in the business of buying.
You've got to be patient with those.
I'd wait to see it bounce.
I'd wait to see it bounce and see if it actually forms a strong
what I'd want to see is it like
tests
I don't mind missing the first bounce
if it's really going to be that
it will have a second retest and then you go like
I'll buy that if it breaks out
so this is not
a chart I'm looking at
it's not nice
Bitcoin was another example big wave, the bounce So this is not a chart I like looking at. It's not nice.
Park coin was another example, right?
Big wave, it bounced, broke out, and then it's decimated back down today.
270.
Dude, what happened this morning?
I missed it completely, but yeah, look at that.
Jesus.
I mean, what else is there, Tyler?
We can sit down the risk of it.
It's like hype and fart.
That stood out to me with most ball tilt in the last day.
It's really hype and fart, right?
I mean, Aster.
Oh, my God.
Have you guys looked at Aster?
You're right. I was going to bring it up, too, Tyler.
I'll bring up Pump Fun in a second.
Let's go to Aster. Aster was going to bring it up too, Tyler. I'll bring up Pump Fun in a second. Let's go to Astor.
Astor's going to round trip.
Jesus.
I mean, Light and TGE again.
That too. It's not helping, right?
Because now Lighter, if it's taken away from hype,
it's definitely taken away from Haster.
And then you said
Pump Fun. Do we even want to see that?
It's below two. Which one do you check? This one? and then you said pump fun, do we even want to see that? it's
below two
which one do you check?
this one
oh wow
there is none
Q4 is going to be the biggest quarter
of the year
and then Q4 is ending in two weeks
and Alan is completely missing
unless there's some surprise Christmas
I don't know
people are getting very bearish about this is like completely missing. Unless there's like some surprise Christmas fucking, I don't know, like.
Oh, let's.
People are getting very bearish about this, about this court case, right?
Hold on.
Let me do some research here.
So maybe the last day of Hanukkah,
there's going to be a pump on airdrop.
I mean, the revenue is fine.
They're still doing, they're doing.
December 14th.
Revenue is down. They're doing doing. They're doing. December 15th. Revenue is down.
They're doing 600K a day now versus a million.
So I guess revenue is down a bit.
I don't know what's going on.
See that Deez tweet overnight?
Which tweet?
Deez had one about the fact that no one's in the trenches.
Oh, Deez just had a couple.
Deez on fire. What do you say?
Deez never wakes up on time
to be on this show. I want to get him on.
Is it...
I know which one I'm talking about.
It's this one.
That's a good tweet.
You know?
That's a good tweet.
For sure.
Yeah, I saw you. you know, that's a good tweet for sure. Yeah.
I saw your,
I saw your,
I voted like that one.
I mean,
he's not wrong,
right?
I don't know boys where the bottom is on something like this.
Like this is reminding me more instead of being in like a hype trade,
like it's looking like casino tokens instead,
you know?
Now they're, they're creator capital markets pivot
right like how many people are showing up to gainsy stream right not a lot
how are they what do you see a list of the streamer coins in order.
Do you know?
I mean...
They're probably not.
Like...
It's really...
Yeah, so, well,
Gainsey's at 400k.
Weren't you, like,
a top holder of that one, say?
Yeah.
I was, I bought like 2.5% at some point at like 500K before his dual partnership.
And then rented 2 mil.
And I sold it at like 800, 900K because I round tripped it.
I was like, fuck this.
And then Rasmur, obviously, is like one of the most prominent ones
okay at least that's a million
I think Blondish was doing really good
she was like the top one I think
yeah she's at
no that's not it
it's energy but I don't know what's the
energy
it was like 3-4 mil during the
direct invitational
oh really? yeah And it was like three, four mil during direct invitational.
Oh, really?
Yeah.
That's pretty good.
Yeah.
She's one of those examples of someone from like Web2 that's fully become Web3D gen.
And that is actually embracing and doing a lot of stuff. I mean, she's an actual celebrity.
So people like to buy tokens and burn them to like backstage stuff.
So that actually makes perfect sense, right?
But I don't know, guys.
Yeah, now Monad is down.
Oh, wait.
Blondish's tokens at 4.5 million.
Oh, wow.
Good for her.
She's actually cooking.
Wow.
A lot more on crypto Twitter lately.
Dude.
She replied to me sometimes.
No, no. She's, I mean, obviously, she'sly to me sometimes. No, no.
She's.
I mean, obviously, she's a really good friend.
I love her.
So I like this.
See, she's actually cooking.
Wow.
Jesus.
Let's get her on.
Let's talk about this token.
Yeah, what the hell?
Well, she does DJ in a different country like every other fucking day.
But I'll try to get her on.
You know, right.
Let's get her on and talk about this.
Let's just have a DJ stream. We'll play music. Yeah
Man I was on her stream when she launched it in Singapore at the restaurant Remember she she was streaming and we were on with logs having dinner with her. She's like, yeah, I'm gonna do this thing
I'm gonna like I'll get people by the off i was i was not told oh you were not told guess
what i didn't do anything if you're in the room i guess i partied with her after that anyways let's
get it on let's do some beats and let's talk about it but um well i'm gonna buy the next tip on that
for fun um what else What saves pump fun here
in terms of the trade?
Where does it become
an interesting trade?
It feels like one you don't want
to catch the knife on.
I think you probably want to see
some kind of signs of life
in the meme market, right?
There's no signs of life in the meme market, right? There's no signs of life in the meme market, bro.
The meme corners are like, it's like in shambles, right?
They're devving.
They're devving, dude.
They're launching tokens all day long trying to scam.
Like, we're at the scam part of the cycle.
You're right, Tyler.
You're right, Tyler.
Like you said, like all these, like, there's weird stuff happening with the iCoins.
Like you said,
like all these,
like there's weird stuff happening with the iCoins.
Like this is a part of cycle.
Well,
like,
you know,
the Pippin stuff was like,
like a lot of people lost money.
So they're going to try and like make it back.
And the only way to make it big back right now,
unless you're like a founder and go to proper project is like scamming,
I guess.
I don't know.
Unless tinfoil hat,
they want the token to be as cheap as possible for the airdrop.
They're just going to do the
surprise airdrop
and run it up from there.
That's your idea, I guess. I'm trying to come up with
scenarios here.
If you squint really
hard, Bitcoin doesn't look that bad.
Let's talk about that. All I see is
a W pattern. Oh, let's talk about that. All I see is a
W pattern.
All I see is a higher low.
Hey, he's not
wrong, man, though.
We haven't made a lower low yet.
You know?
He's not wrong.
Bitcoin
actually looks the best
coin in crypto, right?
Well, thank God, because that's the only coin in crypto right now.
Well, thank God, because it's the only coin we need to look really good, honestly.
The altcoin market, it feels like it took another leg over the last 40 hours.
I was going to say that.
Bitcoin's at the same level as yesterday on the show,
but all the altcoins are down another 10-15%. Keith looks okay-ish.
No, he doesn't look good. But I would say it's
the tail, right?
These are names which people still
own, right? Hype.
People own it. Asta, people owned it.
Monad, people owned it.
Oh my god, I just brought up a Monad chart.
Monad.
Pomp. People own that. God, I just brought up a Monad chart. Monad. USD.
People own that.
Oh, God.
Damn.
You guys not buying Neon token?
That ain't
looking so good.
This is
Coinbase's first token sale.
Anyone who bought in is down 30%.
That's the best experience.
Yeah.
They said have a mindset.
So like for me, this was never a six week trade.
No, it's definitely not.
You're right.
And man, we were kind of in the group chat.
There's a lot of ICOs happening right now.
Folks are probably going to be burned on some of them.
And not even naming specific ones right now.
But there's a lot.
It's like,
you need to be,
you need to be careful.
Man.
Can someone do a pre-sale meme coin right now?
Like if you're listening,
like someone with like somewhat,
a little bit of clout,
like just make it all back.
You've all 67 million perps.
Like if someone can do like a bone type,
like something like someone just,
the thing is, like, so what's, I mean, what's happening?
Like we're still tweeting about 1010 really hurt someone.
What happened really is I feel like the most common thesis is market makers
got carried out.
There's no liquidity in the market.
And now some people are just kind of like on using centralized exchanges,
driving the prices up and down and there's nobody trading, right?
To me, that's the most thing that's probably happened the highest chance.
But what do you guys think?
I can't find another explanation to what's going on.
I think that's probably a pretty good explanation.
Right?
I think there's been,
now we've got this overlay of just slightly more weakness in macro as well.
I think that can be the strongest one.
But yeah, it feels as though the altcoin market in particular got hosed on that event.
I mean, there has just been selling.
I know the Bitcoin ETF had inflows today, but it's been selling for a while,
and you've had long-term holders selling.
So I don't know if it's just like, I agree that caused a lot of pain,
but it's also been just consistent selling from long-term holders.
I don't know.
I've been watching quite a few different shows at the moment.
Everyone just seems so like, oh, God.
It's so strange to sit and see such a doctrine,
but it kind of feels like, oh, this doesn't feel good at the same time like why are the prices all going down
is everyone it's all kind of corporate is this is this what we wanted vibe that's definitely the
vibe i still my my uh like true explanation is just the four-year cycle sellers are out in stronger
force than the buyers.
And we,
and we show up every day and we try to come up with narratives,
but that seems to be the,
the biggest one to me.
But yeah,
I just checked on the ETF since October 10th,
minus 5 billion.
Yeah,
there you go.
So it doesn't help.
We have OG selling,
you have ETF selling, you have macro not that bad but not
insane and you have you know nothing going on in the uh in the space it appears if tom lee just
bought another 30 000 needs um yeahTH Bitcoin just spiked.
I was checking on it.
He just bought it.
It was going to be down.
Right now,
right there,
$80 million
worth of ETH.
He's buying
three times this amount per week right now.
Yep.
Also, I think that scares folks even more too, right?
It's like he's going to run.
If not Tom, who?
Right?
We eat it down because it had a bad week, right?
Versus Bitcoin.
versus Bitcoin.
Yeah.
It's definitely been underperforming here.
It's definitely been underperforming here.
maybe that's a,
maybe that was a natural
thing to fade
if he's going to come in and keep buying.
I don't,
where is that fading?
I'm so,
so surprised he's got so much money.
Like,
who's giving him all this money?
He's got a lot of money.
He's got a lot of cash.
He's sitting on a lot of cash.
Bmire's up 4% today.
Yeah,
he's cooking,
dude.
Is he issuing stock?
He must be.
Because, I mean, his cash is going up
every week.
He had a billion on Monday.
How much has he got now?
Oh, Cathie Wood adds $10.5 million
worth of Bitmine.
Yeah, she keeps buying.
They're doing a good job over there You know
Yeah, the DAT trade
They seem to be the only one who
Has managed to keep
Yeah
Some semblance of
Strength
Yeah
All the Bitcoin DATs Feel like they've gone the other way That NACA strength. It seems.
All the Bitcoin dots feel like they're going the other
way.
Is David Bailey's one called NACA?
Or whatever it is, Kine the MD?
Yeah.
That one's not looking so great.
They got a notice from
NASDAQ. They have to trade over a dollar
for 10 days straight.
Oh my god. NASDAQ is going to come trade over a dollar for 10 days straight. Oh my god.
NASDAQ is going to come for so many of these fucking companies.
NASDAQ is going to start looking into
them and be like, yo, there's nothing going on here.
This is not a real company.
I don't quite
understand
the NACA story. What he did
wrong compared to these.
Like why did this one do?
So it was like $1.50 a share.
It shot all the way up to $0.25 somehow.
And now it's at $0.41.
Now it's full.
Like it's literally down 98%.
Wow.
Thank you for understanding.
Some people made a lot of money there.
At what point do you just close up shop and say,
we screwed up, guys?
Like we're just going to move on with our lives.
Maybe that's what they want to have happen.
Yeah.
Meanwhile, crypto markets, so quiet, Coinbase is pivoting to stocks and equity.
So let's talk about that.
So that's the other big news.
So Tyler, I'll go to you now to talk about all this stuff.
But what does this mean for altcoins?
I had to take a few months ago that I was like, yo, if all stocks are coming on chain and we're able to trade stocks and stuff, this is surely going to affect the altcoin market as well. Why would I buy altcoins when I can buy a piece of a company, like an actual real stock that's a little more at least legitimate?
What do you guys think?
We're fully pivoting to stocks across the board here.
X stocks, HIP3, Coinbase.
And third guy is 5X long Tesla stock.
There you go.
Right there for state of alts and memes.
Real quick, the news. Coinbase had their big product event last night.
They announced a laundry list of new products, prediction markets, stock trading, equity, purpose, and futures, full-dex integration, unlocking millions of tokens on Solana, borrowing against your Bitcoin and ETH, new payment transfer features, AI-powered Coinbase advisor, new features for Coinbase business accounts, Coinbase token sales.
I think they also announced custom stablecoins that folks can create, along with more information on the base app.
So it was a huge event.
The immediate takeaway is they're going like the Robinhood everything app direction And moving from just crypto only to here,
you come here and trade everything.
And that is a clear trend that we're seeing across the sector.
A lot of players going that route.
And we talked to Rainbow yesterday.
They're effectively going this route as well
with how they're expanding into prediction markets.
So it's a big move.
I think it's bullish Coinbase.
It's bullish Coinstock.
Is it
bearish alts?
I see that case.
It's an easier case to be made
than bullish, probably.
Yeah.
What do you think about that? The whole space
pivoted to
stocks.
Yeah, of course. That makes sense.
It makes sense that it would be very false.
Yeah, you're right.
Do you want to invest in
a meme coin or do you want to invest in a stock?
I think people are going to choose stocks
a lot more.
We even see it, right?
It's part of the reason why the KOLs
will shift in that way as well.
Because it's just easier to trade them now
through all these major platforms.
Yeah.
There is something to be said here about
that is the tussle in crypto at the moment.
Are we just going to become an extension of TradFi?
Or is there going to be some sort of remanence of what we had before?
And it does feel to me like,
in the short term at least,
we're just going to be following TradFi now.
And there's going to be even more of a merging of those two things.
Yeah.
Maybe we'll go back to Zcash.
I know Monero is about to hit all-time high,
but there is this kind of slight element of we're not really part of society
and we have our memes and our culture
and we're this weird niche community.
There was a good article about it called Crypto is Dead. crypto is dead and if you guys saw it on the timeline recently it was
obviously that's a big headline but it was more like that niche cultural element of crypto
is dead as in if you are just if you're just going to
As in, if you are just going to hand it to that community,
that community is going to dwindle.
Whereas crypto, in its use cases, is going to become much bigger
and essentially will just be seen as behind lots of other businesses now
just for payments because it's going to be accepted as a form of payment.
So it's just, yeah, I thought it was an interesting take
that we're now wrestling with that as a group.
Yeah, I mean, do you understand?
Go ahead.
My personal counter is if you create a new financial system,
it feels like a natural direction that you were going to add products
that existed in the existing traditional system.
But you still have the advantages that anyone in the world can trade without oversight 24-7.
Some of the foundational features of crypto now is expanded to other asset classes.
So that's kind of my view, but I do understand the cultural ethos.
Yeah.
I mean, besides like prediction markets, which was the breakout sort of product,
this cycle projects, as you can say, because of hyperliquid.
It's just crypto credit cards, payment rails, and stablecoins.
Right, exactly.
So the stuff that we're all bullish about is essentially extensions of
doing it better.
Yeah, and that's why someone like MoonPay is cooking, crushing,
absolutely having their best year probably.
Which, by the way, yesterday announced that they hired the chair of the CFTC, Caroline Pham,
who's going to the private sector to Moonpay, which is insane, right?
Similar to Bohinds going to Tether, right?
So they're literally hiring from the government, which is pretty sick.
And now one of the biggest products that Coinbase launched yesterday is like stablecoin a la carte, right?
SaaS for stablecoin backed by USDC, by the way.
So it's interesting.
It's a very, very interesting place to be in.
We're flying, ripping, soaring right now, Tyler.
Stocks versus crypto walls is because crypto walls are going down.
So like you need the tokens to go up again.
Yeah.
For people to trade them.
Like it's also kind of as simple as that.
Then you go like,
well,
why would they go up?
You know,
we need better products or realistic valuations,
all those things.
Hmm.
Yeah. I kind of think that this isn't
just a they're going to go back up
because of the market thing I think
if you think take a step back
the real trends over the last year have been like
the revenue meta and like
valuations becoming a lot more real
and the ability for the user
base to trade other asset classes has gone
up materially as well.
So it's now become this...
Yeah, I don't think that's going to...
I don't think this is what we just saw with this L1 debate, right?
You see with the price action with Monad.
I don't think the idea of us just creating things
and assuming they're going to be valuable is there anymore.
That feels like it's very last cycle now.
I would agree.
And I, yeah, that's why I think that trend could kind of continue for a while.
I don't know.
I am a bit more macro bearish still now. Like I do think that this is not a,
this is not a great time to be investing in like any markets.
It's not just like a crypto thing.
I kind of look at the AI space right now.
I think it's about to go through a bit of a wobble.
It kind of already has been, but I think it could, could, could extend.
So I'm,
I'm largely sitting on my hands here
and shorting any rips, basically.
We're ripping right now.
We're flying, ripping, soaring.
We got Tom Lee talking about CPI release this AM,
massive undershoot, inflation falling like a rock.
Listen, Tom Lee, gentleman, the scholar, chairman of Bitmine, positive urine rally,
quitties, SPY, IWM, QQQ, BC, I mean, you know, bullish.
But Bitcoin is flying though right now, but hopefully it doesn't just hit a wall.
I actually think Bitcoin is one of the only things that could be, is the best thing in crypto right now but i also still think it's going
to abk and probably below so i'm just being honest this is my this is my thing mando is so
buries bro and like he actually is like it's not a joke i was with man like a whole the other night
And like,
he actually is like,
it's not a joke.
I was with man like a whole the other night.
It's like depressing.
It's not depressing.
I'm kidding.
You just have to accept the market that we're in.
There's still going to be great opportunities.
Yeah.
I've accepted that.
I've accepted that for sure.
I've definitely accepted that.
It sucks.
There's good trades to have,
but yeah,
I do think that my gut is that we're going to continue to.
It feels just like a couple of years're gonna continue to it feels just like a
couple years ago dude it feels just like that after the whole ftx thing and people saying well
we didn't have all the blobs and stuff yes sure but it doesn't matter like it's still like you
know there's no liquidity in the market you know what blow ups we did actually we had a mega blow
ups we just don't know about them.
It's just not as public.
Yeah, 1010 is going to go down in law as like the thing
that blew up.
If you're just thinking
about the amount of liquidations
of that one moment
and you compare it to FTX.
It was the biggest liquidation
in the history of crypto.
Right.
Trade up.
How much did people lose on FTX?
Like 5, 10 billion?
Something like that? I don't know know i think it was 16 billion people most people got made whole in the end right but
then crypto did rip afterwards it's difficult to work out but yeah you could argue that that was
ever that was your blow up yeah oh wow and so whatever happened to trump last night i went to
bed i thought i was gonna wake up thought you guys were going to war.
Once again,
Twitter or CT have it completely wrong.
I think it was Tucker Carlson's fault this time.
This is the Venezuela war announcement.
Not even to mention Venezuela
in his 30 minutes.
Basically, it was like a State of the Union.
It was him.
He came across very defensive.
I think it was like,
it felt like a reaction to his approval rating going down so much.
So he came out,
he attacked Biden.
Like,
this is what we inherited.
and then kind of went through his laundry list of,
of talking points.
And I'm there.
They're going to give like $1,776 to soldiers.
He talks about what they're doing for inflation.
Honestly,
there wasn't really a whole lot of takeaways.
I think the biggest takeaway was it was not a war announcement.
So those,
those markets have since
dipped a bit
the odds of a conflict occurring
in the near future
but yeah kind of a nothing
it's so funny that that's the
main takeaway they didn't mention war
he didn't mention war
he didn't even mention Venezuela
you clearly had money on that Tyler
he had the mention markets going dude
that's what everyone thought, right?
It's like the odds of conflict spiked to 40%.
They're back to like 13.
Speaking of Trump, did you guys see this morning
he merged with like a nuclear company
in like a $6 billion deal?
I thought that headline was like a joke.
No, no, it's a real headline.
Trump media shares soar mid-planned $6 billion merger with Fusion Power Firm.
President Donald Trump's media company is now planning to merge the Fusion Power Firm as part of a $6 billion stock deal.
So Logan over at Decrep covered it.
Do we know what the deal is for?
They're going to begin a utility-scale fusion power plant?
Yeah.
Wow.
I mean, so this is one where this is something we need as a country,
but at the same time, it's Trump getting his family
and his company's fingers inside the deal, right?
And this is the frustration.
Building nuclear power plants,
bullish, something we need.
But now it's going to enrich
Trump media.
Interesting.
I had a driver the other day
asked me about CRO.
What do they know?
What do they know?
Caroline
Caroline Elson got out yesterday.
Who?
Caroline.
FTX Alameda.
She's out? She gotameda. She's out?
Caroline is out?
Yes.
She's out of federal prison.
She's either going to another government facility
or home confinement for the rest of her
two-year sentence.
She's got like 13 months.
Snitching works, bro.
She out. She out.
She out.
And Ryan Salome is doing like seven and a half years.
Oh, wow.
Look at this.
Former pump phone dev sentence is six years in prison.
So this guy is going to do more prison than Caroline.
Remember this guy?
Yeah.
We just covered it an hour ago.
Because one of our guys
at the Crypt
has been in touch with him
in prison the entire time.
Ryan.
Kind of wild.
What was this for us?
Remember when he...
What did he do, man?
He hacked Pump...
He worked for Pump Fun.
Yeah, he acted from the inside
or something like that, right?
Yeah, he acted from the inside
and he took $2 million...
There you go.
He drained $2 million worth of soul
from Pump Fun and sent the funds to several. There you go. He drained $2 million worth of soul from Pump Fun
and sent the funds to several random wallets.
That was early Pump Fun.
The headline reads like he scammed the public via a meme coin or something.
Yeah.
But so he's doing six years for this.
Wow.
And Caroline's, yeah, it's in Dan and your end, I think.
Yeah, London. Wow And Caroline's Yeah it's It's in down in your end I think Yeah London So he's doing six years
I don't know the extent
Of what Caroline did
Versus
I mean
I mean
They're one and one
Oh no
What do we think
It's like Bonnie and Clyde Over here Yeah I mean Oh, no. What do we think?
It's like Bonnie and Clyde over here.
Yeah, I mean, she was the CEO, so if she's signing off on things, I'd say that.
I feel like her and Sam were running ship here.
Damn.
She got out easy.
She got out real easy.
Anyways, I don't think there's much else to cover, guys.
Yeah, there's really not much.
There's a new ICO.
Solstice is an ICO on Legion.
I think it's $130 million in FTV.
It's a DeFi protocol in Solana, $300 million in TBL.
And football is a fun.
We had them on the show a couple days ago.
Their ICO hit $10 million.
$3 million off cap, so they 3X oversubscribed.
There you go.
On surprising, we'll see.
Yeah.
So there's that.
Oh, quick personal anecdote.
We've got a little time.
Okay.
6'7 was the top mover on my meme list.
It was up 86%. It's still not very high.
But I was at my son's Christmas show last night.
He's in kindergarten.
It was kindergarten through fourth grade.
And 30% of the boys across all those grades were just doing the 6'7.
Dude.
Have you seen the NBA games and the WNB games and the college basketball games and stuff?
Yeah.
So whenever they go 67 points?
They just all go nuts.
This was my first time.
It was like the kindergartners aren't quite into it yet.
This was my first time seeing a group of first through fourth graders.
And my God.
Dude. It's pervasive. And my God. Dude.
Pervasive.
It was the entire time.
I've never seen anything like it.
I don't remember anything that we did in my childhood.
30% of us would have been doing
throughout the entire Christmas show.
Check this out.
Check this out.
LSU crowd goes absolutely.
This is for every basketball game right now in the States.
Watch this. Watch this. out LSU crowd goes absolutely like this is for every basketball game right now in the States.
Watch this. Watch this. LSU 65, two points away from the magical number. Here it is. Yes. Yes.
Look at that. Yes.
This is so absurd. This is grown adults. Look at this.
Oh, maybe this is our part point.
So it's funny that you say that because this morning I woke up and because of those videos, I checked
the six, seven chart.
That's why I'm bringing it up.
And I saw that it was up 80%.
Like this meme is like transcending boys.
And it's the dumbest meme ever, but it's working.
You know, like even my dumbass yesterday,
my trainer was like,
oh, you know, we do six to seven reps.
And I was like,
wait, what am I doing?
Because you're not like 10 years old, bro.
You know what I mean?
Like, I felt like a fucking idiot.
This makes me want to buy this coin.
I don't know.
It's so, like, insane.
12 million. If any meme makes it. I don't know. Like it's so like insane. Um,
12 million. If any meme makes it, I don't, I don't know.
So this is not a six, seven pitch guys. I'm joking, but the anecdote is real. I mean, it's all over. You put six,
seven videos, you go anywhere, dude. Like look at these.
And then the coach goes, you better make all three free throws.
Like even the adults are like, and then she goes, makes one, makes two.
Check this out.
Check this out.
Talia Scott.
Six, seven.
It's a mess.
Insane. Look at the kids so is that how your kids were
they were going crazy over this
but the thing is
there wasn't even like a 6-7
they were just doing it the whole time
like it is
yeah see that's
America for you I don't think that's
hit Europe, though.
Maybe the kids are not okay.
And then another, yeah, definitely not.
Another anecdote.
Did you guys see the polymarket Anthony Joshua chain?
That's insane.
Very, very shiny.
Crazy, eh?
It's crazy.
I think Jake Paul is seeded.
Not seeded, but he invested in Polymarket
through his phone.
I think Jake Paul is going to win that.
He's a big dog, right?
I mean, Anthony's massive.
When's the fight?
Isn't it soon?
He's 11%.
So you're going to get, you got some nice odds.
Oh, it's this weekend.
It's tomorrow.
Oh, it's on the zone.
I have the zone.
Oh, bro.
It's at 1am.
Yeah.
Fights have to be brutal for work.
I mean, sometimes fights are like 1am here.
Yeah.
Look, I almost prefer that.
Jake looks like he's in real shape and taking it seriously, but like, I don't know.
I just really respect Jake Paul's work ethic.
I know a lot of people like to hate on Jake Paul, but I think his work ethic is insane.
So I just think it's really crazy.
And Anthony Joshua is a real, like,
nobody can say, oh, he's fighting smaller people anymore.
Like, he's going for someone way bigger than him.
And Anthony Joshua is a good fighter.
Fuck, I'm going to bet Jake Paul, dude.
Yeah, the 91 favorites.
What are the yeet?
What are the yeet?
Oh, yeah.
What are the?
I think we have him, yeah.
You for sure have it.
You guys have everything.
We were promoting it the other day.
And then let's give some money away.
Here, Jake Paul.
Wait.
It'll be in boxing.
Yeah, it might be.
Where's boxing?
Where's boxing? Where's boxing?
Let's try again.
Oh, boxing got it.
There you go.
Under table tennis.
There it is.
Seven.
Damn.
Wow, he's proof.
Seven to one.
Seven to one is pretty nice odds. How does match with Parishy Marquez, Tyler?
You were saying 11%?
But you can't put size
I'm going to
I mean, this is
The FOMO I can't, so I'm not going to do it here, but
I'm going to log off and do that
Should we do that?
All right.
The Ted Dirty Joshua bet?
Hear me out.
Seven giveaways or zero?
So should we just like rip someone's 500 bucks on Jake Paul?
I feel like we should.
And Monday we're hosting, so don't get... Are we should And Monday we're hosting
So don't get
Are we hosting on Monday?
We said Monday Tuesday though
We don't have to
I thought we were done
No I'm definitely not
I'm out
I'm out brother
Hold on
Because I called you
And you said you love those shows
So I confirmed with Ty But I'm happy not to host on Monday
Oh, no, I don't think I can okay
But Monday when I was saying so when are we hosting?
I mean we could do a special next yeah, but not not the regular okay
I can't
My wife would kill me to be clear. So yeah, okay, so let's let's not go there
I mean I finally I'm fine my mom and brother out here.
And I didn't do any Christmas shopping yet, boys.
I don't know about you guys.
I don't know where you're at.
Oh, yeah.
I have not done a single Christmas shopping yet.
It's fine.
I always make it.
Are you guys last minute Christmas?
I mean, you guys have kids.
You can't really be last minute with kids, right?
I was ahead of game this year.
Wow. I was ahead of game this year. Wow.
I was ahead of game last year.
Like, way ahead of game.
That was impressive.
This year, I have not bought a single gift yet.
That's fine.
Pretty easy.
Okay, so we're not doing Monday.
It's up to you.
We can chat.
I'll be around.
We chat.
We chat.
If we're doing any shows next week, it's got to be Monday or Tuesday.
That's it.
We definitely can't do Wednesday, Thursday, Friday.
No, we're not doing Wednesday, Thursday, Friday.
I thought we were doing Monday, Tuesday, and then Monday, Tuesday.
That's all. 29, 30.
But we'll figure it out after.
Don't worry, y'all. We'll definitely come and give some money away at some point in the show.
During the week. Or the week after.
Mandel's like...
I'm giving my kids bags of 6-7.
Oh my god.
Bags of 6-7 is so good.
Fuck, this fight's good.
Alright, let's do some anyway.
That is so funny.
Man, after yesterday's lamb chop, I'm nervous.
Yesterday was dirty, bro.
I mean, we gave the guy, like, multiple runs.
We're also due.
We're due for lamb chop.
Wiz always wins.
Somehow we can't fucking win.
Are you kidding me?
Mando's the guy that's low RTP for us.
But he's going to change it today.
I know that.
Didn't I give you...
We had a good run yesterday.
Oh, yeah.
You gave him an extra 250.
It's true.
I'm happy about yesterday.
There you go.
I call Lando's in the chat.
Let's go.
All right.
Spin the wheel.
Spin the wheel.
Big black candle.
Congratulations.
Big black candle.
Great handle.
BBC, congratulations.
Are you seeing the chat
he's here
big black candle
one time
let's go
real quick
this pops in my head
we'll talk maybe on tomorrow's show
we can talk about this
oh my god
we can't pull
put down this
oh no
no no no
oh fuck it
oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh
oh oh oh oh oh
oh oh
oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh Oh, that's incredible. Yeah. Oh.
We're getting kicked off.
I run on kick.
No, we're not going to get banned, right?
Oh, God.
Oh, boy.
You got us.
You got us good.
If we do get banned, that was the way to go.
This might be our last show.
Thank you for understanding.
Thank you for understanding.
Thank you for understanding.
Oh, boy.
We're going to have to clip that.
Oh, no.
For those of you who listen on video audio big black candle happens to have a pretty offensive
profile picture we accidentally showed it on stream what were you saying tyler
i was just gonna talk about how uh the barstool guys got picked up by Netflix. It's true. Not that anymore.
Yeah, we're... All of Barstools
want to go under Netflix?
BBC,
we were in negotiations
to land Netflix.
Tyler's put it down.
All right,
let's play some lab job.
Yeah, let's play.
Who the fuck is this big black candle person?
I certainly hope you win big.
If you know what I mean.
I think we changed the laptop music as well.
I don't know.
It did.
Oh, it did.
Oh, it did change.
From yesterday. Alright right big black candle. We're just playing forums and see. Slowly please need for Christmas.
Oh nice song. You guys definitely changed it. All right what do you want? You want 500 bucks already?
Easy. What do you want? You get two runs.
I'm definitely not sharing this guy's username on the video.
Easy one run.
But to where?
Tracks?
Yeah.
I'm assuming it's tracks, right?
Four.
Let's jump four.
There we go.
Easy one.
Maybe big black candle was meant to go to the barn.
Stop.
This guy doesn't have a big black candle for sure.
This is going to 14.
This is going like, yeah, this is a,
Oh, you called it.
Shit. He said 1400.
All right. Well, congrats. You already made 375.
So you're already up 800 bucks, 900 bucks. Where do you want to go now?
Yeah, they secured their win.
All right.
Tyler, what do we put the, I think we put the rest of it on Jake Bull.
Medium seven jumps.
Ooh.
Medium seven jumps.
They're very precise, eh?
One.
Well, no.
There you go.
That's not happening.
You can't even.
The problem with taking the cash on what appears to be a good run and saving it for the next run, the next one might suck.
You kind of have to read the run a little bit.
That's my only advice.
Yeah.
Tyler's become an expert.
You watch enough of these.
Definitely. Anyways, well, we'll see you all tomorrow morning. Tyler's become like an expert. You watch enough of this. I definitely.
Anyways, well, we'll see you all tomorrow morning.
For another episode from our OnRug Radio.
Let's go.
Let's go. Thank you. and Thank you.
Insights
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