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FOMO HOUR: MARKETS + NEWS
Recorded: Dec. 9, 2025 Duration: 1:00:31Space Recording
Short Summary
In a significant week for crypto, PNC Bank has launched spot Bitcoin trading for private clients, while BlackRock's new ETH staking ETF signals growing institutional interest. The CFTC's pilot program for tokenized collateral and the UK's anti-corruption strategy for crypto further highlight the industry's evolving landscape.
Full Transcription
Thank you. check check check check check oh okay it's working perfect perfect perfect perfect perfect
all right try this let's kick it Good. Thank you. Yo, yo, yo, yo, yo.
What up?
What up?
Good morning.
Good morning.
GMG.
Yeah. Tuesday, right? Yeah, Tuesday. Tuesday, December 9th, 2025. Look at that. Another beautiful day to have a beautiful day. I got my co-host in the house, Tyler Mando. Good morning. Good morning. Good morning. We're all back. Look at that. How are you guys doing today?
Does feel good to be back. Feels very, very good to be back.
Oh, yeah. Yeah, I miss you guys. I miss you guys.
It's cute. We miss you too, Mando. How's it been without me?
Well, I wasn't around much either. I'm not going to lie. We kind of let Tyler carry the show last week.
Well, I was here twice last week, once, twice, twice, quickly,
in the back of a car.
I was here yesterday.
I have to say the market report was tough yesterday.
I feel like Tyler and I needed some help.
But it's been good.
I mean, Tyler, how you been?
I'm good.
I mean, the reality is Mando hasn't missed a whole lot,
at least price action-wise, since he's been gone.
Yeah.
We've kind of been in Chop City.
Hopefully, you'll be able to tell us when we're going to break out of that.
Yeah, hopefully.
Hopefully, you're coming in bullish today, Mendo.
I feel like the viewers kind of want it.
Really?
Yeah.
I'm still not that bullish, if I'm honest.
Cut the show.
Cut the show, everyone.
But I'm not ruling it out out let me put it that way we can show some charts maybe and show what's been going on we'll do all
of that i mean listen bitcoin's strong like it's just it's just really been strong that 89 90k range
so we'll talk about that in a minute here we'll talk uh we'll talk macro we'll talk crypto Mando no get him off the show no because we weren't the most
bullish yesterday either and we're like maybe Mando's gonna come and like
people are tired man it's not our fault guys and we're just we're just being a little more
real right now okay even Tyler had nothing from the trenches yesterday it was we actually ran out of the hot uh the hot coins
on mando minutes and that was just like nothing and the hottest the hottest nft with
yeah there's there's there's there's, there's not much.
Yeah.
There's not much in,
in probably even less.
A lot of the art guys came back from Miami being super bullish about like,
Oh yeah.
That was super cool.
I mean,
cause we talked about yesterday,
but like the people and like Jack put yourself sick.
so I saw people's,
TLDR and he put an article out.
I think Tyler,
he kept 10 back to back to give away online.
I don't know if you saw his article.
It was pretty cool.
But anyway, still the show.
Macro, crypto, news.
Of course, Yeet giveaway.
I saw there's a new game.
We were waiting for you to play it, Mando.
So you'll tell us how that Omaha, that poker game,
the new Yeet original works.
Maybe we can play that poker game uh the new yeet original works uh let's maybe we can we
can uh we can play that one uh today on the show for one lucky where omaha flip yeah exactly
um and then last but not least this show is powered by eigencloud eigencloud built on eigenlayer
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Ah, Mando.
Who is the man, macro daddy of the man?
Can you dig it?
So, guys, it feels as though we are, yeah, in this holding pattern for the last week or so.
We kind of reclaimed 90K and then didn't quite break above the yearly open,
which I think is seen as one of the key levels here,
which is like 93.5 sort of range, 94, I think.
So we've touched that 92K level a few times and then kind of been rejected from it.
I think that's what people will be looking at near term.
If we can like go above 92K,
at least on Bitcoin.
Zooming out,
and maybe I'll share some of my charts
because I'm more of a trend following sort of guy.
Let's have a bit of a sesh here,
shall we everyone?
That's cool. Oh yeah, look we, everyone? Let's go.
Oh, yeah.
Look at that.
You guys get this.
Hey, I want to see some retweets
on a stream, by the way, y'all.
We post a stream every morning
on X, on Kik.
Obviously, Kik is where
you win some money,
but let's get some retweets
on a stream.
We all posted it.
Let's get that.
And Mando, let me allow
your camera thing on right now.
All right.
There we go.
Let's look at Mando's charts.
So we'll look at total crypto market cap to start. It was obviously hit this low back on 21st of November. We've been
going like an upwards channel since then. At least in the last few days, it's kind of gone
into a bit of a chop and it looks like it may break down at least there on the
four hour we at least did break above here but looking at this sort of overall chart pattern it
looks like a trend upwards after a big dip i'd be wary until we have another proper retest of this
like bottom level um i think there is a good chance that we don't go lower than 82k this year now
um or sorry lower than 80k this year now i think what could happen here is like a proper retest to
see if this is a this is going to be a bottom and then we kind of bounce and then we probably chop around in this area for for a while i am very wary of the idea of just like oh this goes back up to 100 um
particularly ahead of the fed so my gut just because we've been rejected a few times from
that 92k level and some of these on the shorter term time horizon are breaking back now below the one hour like uh
that we could have another retest and then maybe that's a we have a stronger bottom essentially um
that's my gut that's my gut now there have been even in this market though i do think it's a good
market so like interestingly bitcoin dominance has continued to not be that strong.
Like 59%, ETH has been easily the strongest.
As you can see, like still actually holding up above the trend.
Solana and Bitcoin both don't look so great.
ETH has been the strongest, which is...
Yeah, ETH BTC, you have ETH BTC on there, right?
ETH BTC has been breaking back up and looking like it could go back up to these sort of levels.
So ETH looks like the strongest out of the majors.
So if you're looking for a long at the moment, all dips in ETH seem to be bought.
Dips on Sol, like if I zoom out onto, let's say, that's really good.
I think that's really good
a weekly chart up on here
Weekly chart up on here.
like Solana looks like
this is a very key level here
around this sort of level
so I'm very wary here
this is a level of support
but I
that's my least favourite of the majors right now
even had a breakpoint
I know breakpoints happen in Abu Dhabi
in the next few days
maybe I just think that this looks like Even ahead of breakpoint? I know breakpoints happened in Abu Dhabi in the next few days.
Maybe.
I just think that this looks like a goblin town to me.
Oh, wow.
Whereas Bitcoin, you could arguably say it could hold in around this 100-day weekly. 100 sorry this uh what weekly is that that's the 100 day weekly is holding at the moment um which is which is kind of nice uh at least for now solana to me just looks it's broken below
all of those and really the next stop is like down here like 100 ish in my opinion. So Solana definitely looks weaker to me.
ETH is kind of holding all around these little levels.
It looks the strongest short term.
I do still think that what we continue to see is like if particular altcoins in this market,
like they race higher.
So Zcash has had a really strong bounce here.
And I don't know if I'd buy it back again this whole level but it does
look like it's done a very strong move we had fart coin have a move like that although it seems to
have broken back down again but what i'd be looking for here is just like when you see a big move
lower in any of the majors and this is how I'm trading, look for the altcoins that look the strongest
and look like they're going to bounce
because often you see very aggressive moves higher
in some of these after a flush.
So that's kind of what I'm looking at.
The ones that kind of stand out to me at the moment
are Zcash,
ETH as a major, actually,
and probably Fartcoin as the top three,
which is not really that pretty,
but those are the three that I would be looking at.
I am not that bullish still. I still think we're going to get a retest of
before year end.
That's my go. So Mando's on
the no on that Santa Raleigh market,
ladies and gents.
I am on the no, but I also
don't think we're going to go below 80.
Yeah.
I'm not saying we're going to goblin
town yeah i think solana looks like if that does if bitcoin goes down to like 80 and you get like a
you could get down to the teens here like that's not a great great market there um but no i think
bitcoin will probably stay above 80k for the year um That's good. But I think we'll get a brief rest, and then we'll be into Chop City for a little bit, I think.
Are you talking like Chop City, like Q1, into Q1, is what you're saying?
I think that, like, overall, the Bitcoin trend at the moment is lower.
There's no doubt in my mind that this is a lower-looking trend.
Yeah.
So I think what we...
The real hope is that this 100 day,
100 week moving average becomes like a real point of support.
We need that.
The market needs to know that like this move has actually been fully stopped.
So we need at least one retest of that in my opinion.
And then I think,
then I think we'll chop and then ideally we break out to the upside in 2026.
But this is definitely a longer term bearish rollover here.
So I don't know.
I don't know in Q1.
But you have to appreciate that the trend on Bitcoin is now like, let me take this to the one day. Cause I'll tell you kind of when that trend would change.
If we got above like 101,
102 K,
that would be where that would be that,
where that turned around.
my gut is that we're not going to do that this year.
All right.
That's pretty good analysis.
I don't know if Tyler,
you have any questions on that.
but it's pretty straightforward to me.
Yeah.
I mean, I think it's kind of in line with my, where my gut is as well.
And of course, like I want to be just, you know, left curve ball.
Like we're just going to slam back to all time.
I was like, of course, I want to say that.
I feel like looking at how we've come out of these dips just previously,
I feel like looking at how like we've come out of these dips just previously.
and I've learned this from doing the show with Mando for a year and a half now.
You think you're grinding back up and then you get that retest again.
Sometimes when you don't expect it as well.
If you look back, it pretty much happens every time.
What's your...
Oh, go ahead, sorry.
That's actually something you should know about in crypto.
The biggest moves that start a trend of a reversal
always happen after a very aggressive...
Normally, it's like a chop for a period,
and then you hit the lower band,
and then you go smash back up.
So like this sort of period, right and then you hit the lower band and then you go smash back up so like this sort of period right where like you hit the lower bound smash back up um trying to think
even when we were down at like 15k we need like um we need this second test of it for it to be
kind of confirmed in my opinion.
So that may,
and to be clear,
the first level would be 88K.
Like if we hold 88K,
I think that's actually quite bullish.
But my gut is that we'll test the lower one.
Yeah.
How you,
I mean, maybe we're talking about tomorrow because FOMC is,
it's Thursday,
December 10th.
It is tomorrow.
I think it's today and tomorrow. It's today and tomorrow, but tomorrow is really the, right, it's Thursday. Thursday? December 10th. It is tomorrow. I think it's today and tomorrow, yeah.
It's today and tomorrow, but tomorrow is really the, right?
It's Powell and the biggest FOMC of the year.
I mean, I'm not going to lie.
The last FOMC was kind of important.
Like, I know we joke about the biggest FOMC ever because that's kind of the meme now,
but like, they're kind of big, okay?
What do you think happens tomorrow?
Or maybe we can cover it tomorrow, but any, a lot of talk about new Fed chairs.
Obviously I wouldn't be doing like May-ish.
A lot of talk about rate cuts.
I think he's still got enough to say stuff.
I think he will probably cut,
but he's definitely going to cut,
but he'll probably be a little bit hawkish,
I think in his commentary,
because it wasn't like a guaranteed
and they didn't have much data,
it feels like this year no data um stocks looked in towards the end of november like they were trending back lower
and then they've kind of bounced and we're close to all-time high again on stocks
this i would also say is a slightly dangerous level um just because this could be then put in
like a this was a lower low right here and this if this now becomes a lower high it's not quite
yet hit there then we could again that wouldn't be a great sign so I think the stock market looks fine, but it looks like you could be,
I would still be wary of, of the stock market here.
Um, I think macro still feels fine to me though.
Um, there's nothing major that looks like it is derailing.
And I think we've spoken about this, but like the, the move from NVIDIA,
The move from NVIDIA doesn't look that great.
NVIDIA doesn't look that great.
That's one thing I would say.
That's one thing I would say.
The move from NVIDIA to Google, I think, is actually good for the market.
So I'm not that worried about the AI trade yet, really.
Okay.
I still don't see macro as the thing that's going to knock us over.
I actually think crypto has been trading independent from macro for a bit here.
Unless it's on the way down.
Unless it's on the way down, yeah.
Macro hold up, basically.
Macro's holding up, so we're much lower than before.
And if macro is all-time high, we're at the same price.
We're like 30% lower on Bitcoin.
But if macro, God forbid, falls over here,
Bitcoin is going another fucking 10, 15% lower.
Apart from Japan, which this is 10-year yields for Japan,
there's no real other thing that looks like it's going on.
Wait, I don't think your screen is showing that.
Are you showing something?
This is Japan. Wait, click on it? Maybe it's a different tab. think your screen is showing that are you showing something? this is Japan
wait click on it?
oh maybe it's a different tab
because you were showing
stocks earlier I guess
we're selling your
Bitcoin price
oh there you go
oh sorry
yeah it moved to
it moved to JPY
there you go
Jesus
that's the only thing
that looks like it's like
really not doing no well
but it's been a longer term trend
we should have longed this
credit spreads are very tight at the moment, so we're fine there.
And yeah, it's just that the NASDAQ looks like it could potentially put in a double
stock or a lower high, because this was definitely a lower low, right?
This was a low that we haven't had for a couple of months.
a low this was a low that we haven't had for a couple of months um okay so i think this is a
time to exercise patience honestly i think one of the things i would say about this this part of the
market is that a lot of people may not have done that well over the last month and a half and i often an immediate desire to make your back.
I think this
current opportunity set
does not seem like a very strong one.
If you want to
be really short, I wouldn't say this
is an amazing opportunity to be really short.
If you want to be really long, I don't think it's
going to be an amazing opportunity to be really long.
Because I think you've maybe got a 10% move here in Bitcoin,
but like who the fuck cares about 10%?
Or you've got a, I think it would stop out at like 93, 94, 95K.
So like maybe a 3% move in Bitcoin.
I don't, like this is not an opportunity to be swinging for the fences.
If we get back down to this sort of level, I think it's a really good time to consider putting on longs again in size and then
have stop losses if Bitcoin breaks below that 80k level. And if you are looking for shorts,
personally, I think any level above 92k for Bitcoin is probably a decent risk return for a short.
Because I think it continues to get sopped out at the yearly open, which is like 93.5.
And I think you're upside from that trade, but it goes down to like 80.
So you've got like a 2% move against you versus a 13% move for you.
So that's a good risk reward trade in my opinion.
Altcoins are a little bit difficult
because it's very difficult to judge in this market
because Bitcoin dominance is actually not going higher.
So you can get your face melted off
if you're looking for shorts in altcoins.
What I'd really be looking for here is longs
if Bitcoin dips.
So if Bitcoin breaks down to here, I'd be going straight to Zcash, straight to Barcoin,
potentially even to ETH, given its relative strength at the moment.
Rekt has obviously shown some strength.
There's only a few that look...
Well, it's actually looked really good, like on your charts.
Yeah, yeah, yeah.
Well, we did point...
Maybe this is before...
Maybe you weren't on those shows, but the ones that...
No, we pointed it out. It was like two or three weeks ago.
Yeah, I remember.
All the coins on here, really.
Farcore lag to Zek.
Solana would probably be my favorite.
Hyper Liquid looks kind of dead.
What's going on there like
can we talk about it can we stop here for a second because i was curious this morning i sent the chat
the chart of the chat i said at 27 rsi is quite low tyler pointed out lights light lighter tg
coming soon so i do think you're right like on that i could take away some some steam. The unlocks happened. How do we feel here about hype?
I think that hype,
I like hype.
Let's get this straight.
I think it's a very good asset to earn.
I don't think it's a good short.
I don't think it's necessarily a good long.
You know how I trade,
which is that I look for trend.
I don't want to catch a falling knife ever.
This feels like you're catching a falling knife in a market where I think
Bitcoin might go down to 90.
Sorry,
go down to like 80 ish.
That's,
that is a chart that can get fully rugged in my opinion.
I would not be,
if anything,
I would look to short hype at this level,
but not here.
Like,
cause it's,
if it went back to $32, this looks like a pretty aggressive downtrend at the moment.
And to be clear, this looks like it's across Earth Dex as well.
So I actually think Aster looks pretty horrific here too, if I'm honest.
That's been surprising to me.
Through all their buybacks,
they're announcing $4 million a day.
Yeah, it's not working, eh?
It's not working at all.
It can't break that $110,000.
$1 of $6,000 last week, all week.
I mean, Tyler, you sent a really good post in the chat.
There's a lot going on
on Perp Dexas that may start to cause
friction across token prices
across the board.
Yeah, I just think that the weakness in hyper liquid is now it's not good really for aster at this level
aster has kind of stayed where it's it was and hyper liquid has dropped about 30 40 percent
right um it was trading in the 40s and aster has kind of stayed around this 1.11 level.
I just think that ratio is probably a little bit not helping,
but also it just looks like it's sitting there at this support level.
If Asta were ever to go back at the 1, I actually think it's sure.
I think this thing looks like it could trend lower here.
Wow.
It was tough to short something
that gets, you never know what they're going to fucking
do with it.
Like I said, these aren't my favorite shorts if I'm honest.
They always, like if you really
want to short some shit like
ondo man, like what the fuck
does this thing even do?
Zero in my opinion.
But there's a few there that I think the market will punish.
There's only four L1 tokens which are up this year.
Oh, fuck.
It's weird that ETH seems so strong
But it does
Tom Lee baby
It's because my interview coming out tomorrow
Maybe it is that
People are expecting
People are expecting a banger
I mean he did talk about ETH BTC ratio in your interview
And a lot of people are trying to share that
Tyler you mentioned it yesterday
The ETH BTC ratio I think
He bought 430 million last week.
Saylor had a huge week and market cap adjusted. Tom Lee bought twice as much.
Wow. Relatively. Saylor did.
And he somehow raised more capital. So he's got a billion in cash.
He's killing it, dude.
Every Bitcoin by Saylor is bearish for me from now on everyone i'm serious like
why did why is he buying more bitcoin why tyler mandle literally has been wanting to
him to stop like i love this whole mandle and sailor thing like
no benefit to anyone people need to do this i mean that. I mean, that weekend pump, I have to say,
that weekend pump was like the mega buy from Saylor that you talked about. Tyler was like, fuck,
that whole pump was one person.
And I was like, oh, shit.
The MNAV
was at danger of going sub-one,
and there was concern he was going to have to sell his Bitcoin,
and then it goes back to 1.1,
and he instantly rips a billion.
I love it.
So he can buy.
He's in Abu Dhabi right now.
He was just talking
at the finance week.
He says he's buying all the biggest banks
in the world. There you go. They're back, dude.
Tom had
a lot of good things to say about Saylor.
I would say that
this is a kind of
scary, in the top 300, this is the
seven-day movers. Terra Luna is
the top game.
Oh, no.
Zcash is there, but
this is a pretty horrific
looking list here for the
top 10.
I mean, I've obviously heard of Athena and Tao,
but like,
this is not good for the top movers here.
All right.
Yeah.
Real quick,
back on hype.
I think I'm just realizing this myself.
I haven't seen a whole lot of folks talk about this.
What's that?
Where we just passed the
one-year mark.
Yeah, that was when the... That's why there was
unlocks. Yeah.
That also means capital
gains. The taxes
were low.
who bought the open
at three, who bought
day two at six, day three at nine.
Yeah. Easier to take those profits now
that's true
I think also the fact that the team is selling
this is like has been a bit of a change in narrative
for people I think a lot of people
wishing that they would restake it and they
kind of haven't also there was this
that that looks like they've announced a 30 million
dollar buyback of their stock
now their only assets are high so that that looks like they've announced a $30 million buyback of their stock.
Now their only assets are hype.
So they haven't formally said they're going to dump some hype,
but they clearly are.
They said a bank stock, yeah.
Meanwhile, spot silvers making you all-time highs is great for crypto.
Love it.
Anyways.
Honestly,
the toughest thing about this sort of period and reason why we're talking about the fact that
nothing's happening is that you need to have a lot of
patience here.
Watch Christmas movies.
It feels like in crypto, all we're always asking for is patience.
Because we have seven green days per year.
You have to be patient through all the reps to be fair
those seven green days per year
can fucking work
but then you lose it all being impatient
fucking hell
I think the market is telling you when
there will be opportunities
to really buy this market or sell this market.
This is not one of them.
Yeah.
You saw it on the weekend.
On Sunday, Bitcoin went from like 90 down to 89,
back up to 92, back down to...
It was just like...
I'm literally just sitting there just going like,
hey, let's just fuck around
with these guys.
That's what it feels like. It really
does feel like that.
That is so true.
That whole
mental mass that I just did to you guys is
how I think you should be thinking about trades.
Be patient, wait for trades
where you know you can at least do a 3x
upside versus downside in them.
Ideally with the trend working for you.
And then put those on.
Right now, the closest one to me is if Bitcoin gets above 92k,
I think that's probably a decent short level because I think the upside there,
it will probably get to like 93 or 94.
And then that would be a stop loss,
because that would be kind of showing that it changed the trend.
And your upside is like 6X.
Here's my problem with everything you've been saying.
We have seven days left to win a high stakes perpetrating competition.
So we don't have time.
I haven't even looked at that yet.
Let's go there.
Should we go there before we go into your topics, Tyler?
Because we're talking about it and we just got re-upped.
So Tyler's back.
I got 100K untouched.
Man, I'm pretty sure you're in there.
Antithetix is our partner for the show for another week.
partner for the show for another week.
So we kind of got to go there.
So we kind of got to go there.
Are we long in the east?
Are we long in the ETH?
What do we...
I like pair trades
in these sort of competitions
because you can have them on for a while and not have to worry about them.
Look at the ETH go.
I would be
short Bitcoin here versus
long ETH. That seems like a trade that continues to print.
Ccash.
What are you thinking, Tyler, here?
What's the call on me? You're back
officially.
I got 50K after getting liquidated.
Okay.
And that scam Sunday price action,
by the way. I did get liquidated there.
First place
is 550K?
Yeah.
75K. To get to top 5
you gotta clear 200
so I gotta 4x the account
you gotta easier to move
you just have to 2.5x
2.5x yeah
yeah Mando you got your 100k
you're here
I know I haven't touched it
what are we thinking
but I can have a. What are we thinking? I can have a look.
What are we thinking, Tyler?
You're right. Let's put a trade on.
I see the Meriden waiting.
There's not that much time left to wait,
especially if you think the weekend's going to be quiet.
This last weekend was pretty tough to trade.
Really, not much happened until that
scam Sunday.
Price actionurday was pretty
quiet um so the the clock is ticking i want a big trade but i feel like i'm i'm chasing a 30
move like because there's still much ammo left in that and again like i'd love to see. So Farcoin's still up a bit, but it's still 37.
So a 10% move is nice on leverage.
It's a tricky board.
God, it seeks 432.
It just keeps going up.
It's the harder.
I like, I mean, we could do it.
Mando kind of went.
You know, you could short hype, long ease as a pair trade.
It's not bad. Personally personally if I was on this competition
I'd be waiting until after the Fed anyway
I'd wait to see
what I just say
play out
if you're wrong and Bitcoin breaks above
94k before then
and I see that
as the level where
that would be on course
for maybe attempting 100K.
But my gut is, like I said, the easiest trade on mages,
I think, is to short pick on above 92K
because I just think the upside down, so there is a right.
The easiest trade to go long, in my opinion, is to wait.
This is not a trade I'd chase anything on right now.
There are some updates, just quickly, while we're on the synthetic stuff.
For the teams, right?
I think, Tyler, you and I talked about it yesterday.
But if you deposit USDT and bet on the winning trader to win,
you can win a share of the
500,000 SNX, which is
kind of nice. So they kind of
made it so everybody can participate today,
which is cool. And the deposits are pretty low.
And so you can
win.
I mean, last time went to the last second,
but that Cosmic guy is way ahead, bro.
But I mean,
Loopify was in first for the whole. Well, I mean, Loopify.
Loopify was in first for the whole first week.
He's almost boss now.
Yeah, classic.
Where's KBM?
He was first.
There he is.
Come on.
I think maybe he paused.
He's done 107.
How many trades has he done?
He's done 138.
No, okay.
Last time he did like 5,000 trades or some shit.
So there's that.
What else is there?
Hold on.
I got a little note here.
Anyone who deposits USDT and joins a team gets early
access to synthetics plus
elite trading perks on
the exchange. So all USDT deposited
to teams becomes margin on the exchange.
Which, by the way, like, obviously
there's little things here and there that they're
tweaking and they're pretty responsive.
Like, a lot of the traders in the competition season one and two have been, like, giving them notes and they're fixing.
But I've used it quite a lot in season one, especially the day I was trading, like, 20 times a day.
It's really good.
If I like it.
And then, and then lastly, 50K top-up has landed.
We just talked about it.
So, Tyler's back.
I'm back, baby.
I'm here for the Tyler arc.
I really want you to take a go for it.
Me too.
Trust me.
I could use some of the prize funds.
I had to sell on.
It was briefly a nice trade last week.
Now it's a little bit too long.
I'm kind of leaning ETH right now.
I just got to figure out,
I got to talk to Tommy,
see when he's going to deploy,
you know,
half a billion and I got to try to front run that.
It's my current plan.
He was pretty confident on the podcast.
I'll let you listen for yourself tomorrow,
but he's a...
The other cool thing is quickly,
and I don't know if you
knew this being out last
week the difference between the tournament
this time around and last time is
anyone could deposit 10k
and join so I think there's
200 KOLs
who got in but if you see
there's 283 people in the comp so
80 people have put up
their own capital in trade.
So I do think it's cool, right?
Like you think you can beat everyone and put your money where your mouth is
and determine it.
And the price is split.
So it's based on P&L rather than account value?
No, it's the same, right?
The same as before.
Right?
Top account balance wins, yeah.
Yeah, top account.
No, it's the same, but in this time, it, it's one, two, three, make money this time.
That sucks, by the way.
Because now one, two, three, make money.
I'm the third best trader on CT, by the way.
Do you guys know that?
I know.
But to be fair, that's how I traded, for example, as well.
How much did you make?
Dude, actually, I ended up making like 50 grand.
So they gave me 25,000 SNX, 20,000 SNX for participating,
and five patrons, and their NFTs went to two ETH.
So I sold three out of five, held two back,
because those are the type of NFTs you never know.
They're pretty volatile.
Sold three, took the cash.
So I cashed like 45K right now so far out of the competition,
and I got two patrons left.
So not bad, right?
That's kind of what I thought it was going to be around.
Which is good, but like versus $1 million.
Well, this time first place is...
Well, actually, wait, hold on. This time first
is $200,000, second and
third are $100,000.
Fourth and fifth
are $50,000.
And then sixth to 50th get a
split of $ 608,000
like this actually
like
there's actually
top 5
top 5 actually
make quite some cash here
yeah
yeah
interesting
so less of the first
but quite a lot
to like the rest
that's pretty cool
I like it
Monday
alright we'll have
a Monday
okay we got time
we're gonna have to dial in these next few days.
I'm going to go on wreck radio.
Tomorrow's fucking live trading FOMC or some shit.
Live trading FOMC.
I couldn't actually be fun.
You just slam negative comment and then you close it.
I tried to do that last time and I froze in front of FOMC Tyler and didn't make a single trade.
I just was like, okay. I was like, I'm not good at this.
Like, this is definitely, like, season one made me realize I'm not a trader.
Like, I was like, this is really hard.
At least day trader.
I'm more of a longer term, I guess, but day trading in crypto is fucking crazy.
Anyways, Tyler, let's take it to you and see what you got for us today. For daily NFT and crypto analysis.
Tality on FOMO.
Our cause to KitKate.
Great ambassadors.
Yeah, folks.
Crypto majors have flipped nice and green here.
We've got Bitcoin at 2%, 91.5.
ETH up 2%, 3,164.
Soil is lagging down a percent at 1,35.
Zeke, another top mover on the day up about 12%.
In headlines here, the CFTC, big news.
They're going to pilot tokenized collateral with Bitcoin, ETH, and USDC,
allowing tokenized versions of crypto and staples to be used in derivatives markets.
We also had BlackRock file an S1 for their new ETH staking ETF, ETHB,
which is going to retract the return to spot ETH
and add rewards from a portion of their staked ETH holdings.
We had Tether invest in Italian humanoid robotics startup,
generative bionics.
So Tether continues to branch out.
The SEC concluded...
Yeah, Italian humanoids!
Hey!
I'm going to make a lot of pasta.
You do not want the Italian humanoids?
That feels like Paolo
just helping out a friend.
I fucking love Paolo, dude.
Anyways.
The SEC concluded its investigation into Ando Finance. So, anyways. The SEC concluded
its investigation into Ando Finance, no charges
filed. I think that was a pretty positive one.
UK unveiled
a new anti-corruption strategy aimed at crypto
crime. Stripe rolled out stablecoin payments,
settled in USD
across ETH base and Polygon. And in some breaking
news this morning, PNC Bank
became the first to offer spot
Bitcoin trading for its private bank clients
powered by Coinbase Crypto as a
service. We talked a bit about
this. Saylor bought
$962 million in Bitcoin last week at
$90,600 average. Tom Lee
$429 million in ETH.
They have a billion in cash.
In token,
protocol news, X Games. How about this?
They are rocking the red guy.
PFP.
Super cool.
That,
that barcaster.
This was a notable one.
Forecaster is shifting from a social platform to wallets.
After co-founder Dan Romero said the social network never really found PMF
product market fit.
that was an interesting one.
Stable is a stable coin chain backed by Bitfinex,
powered by Tether.
Launched its mainnet stable token yesterday.
1.6 billion FDV.
MegaEth announced Frontier
going live next week and Myriad CEO
LockSight posted a big Myriad token update.
Clarifying the rug snapshot handling
of DCM license pursuit.
Myriad use cases, timing
decisions, and more.
In NFTs, yeah, it was a little bit weak.
Beeple's regular animals did fall 30% to 7.5 before.
So those that have cooled off a bit.
And the strategies, they launched a FWOG strategy token yesterday.
Not doing so hot.
The FWOG NFTs fell 40% as well.
And in memes, it's been quiet out there.
Franklin was the big mover yesterday.
Hit like $18 million,
which is high now for where we're at
in late 2025.
$18 million is a billion
now.
And yeah,
Avicii fell 25% after sharing its revenue numbers uh in what was a bit of a
i think some were perhaps surprised by the broader metadal sell-off yeah that was the headlines
we're ripping right like you just had a fucking candle and a half dude oh 31 85
he's doing really well um Bitcoin just touched 92 again, Mando, actually.
Almost.
You were just talking about it.
I know.
I'm looking at it right now.
He's ready to short.
Mando's just ready to... What do you think?
Mando's ready to hit the fucking short button right now on everything.
Oh, my God.
Sorry, I got
distracted by Matt was starting to laugh.
You mentioned fog NFTs.
What was the thing you showed today?
Collector Crypts.
I remember doing this last bear market, like going
through the things that we thought were going to be a thing.
Remember that thing? I mean, it's still
active. The Pokemons are not dead at all.
They are down
quite a bit though, right? From that period
where everyone was talking about that. Well, Pokemon and
these collectibles are directly attached to the
crypto market. I'm convinced of that.
Yeah. They're definitely not
tied to S&P 500.
Interesting.
Wine and whiskey markets have been trending up for the last two months. Interesting. Wine and whiskey market's been trending up
for the last two months.
Interesting.
Boomers are back.
Wine's trending up.
Interesting, yeah.
Watches are higher, but flat.
Like, you know,
actually, no, nevermind.
FP Jordan Elegante yesterday
sold for 150K Christie's.
That was a 60K watch like a year ago.
So, like,
let's do brand.
I was telling you about Tyler,
like FP Jordan.
That's true.
The niche watch market is also pumping.
Art market's pumping.
Watch market's pumping.
Wine and whiskey is pumping.
Fucking like boomer stocks are pumping.
Let's have a look at crypto.
The boomers are back.
Like,
what are we doing?
I only know.
It's like,
I tracked the wine and whiskey
because I have a decent amount in there
at the moment.
And it bottomed in August and has been bouncing ever since.
Jesus.
92K.
There you go.
Interesting.
That's where crypto kind of topped out.
Are we top blasting ETH, Tyler, for the comp?
3218?
We're sitting on our hands and missing a huge move.
Dude, what are we doing?
I know what I'm doing.
I actually do have an ETH long on outside the competition.
I'm just saying, last time when I interviewed Trump,
Bitcoin went from like 70K to 120K.
I'm interviewing Tom Lee.
Posted about it.
The air may put some crazy shit in.
I'm just saying.
I'm just, you saying. What are we
doing for the car?
So where would the loss be?
So you expressed your short
view. Totally logical.
I get the...
Do you stop it at 96?
94.5 is
kind of where I'd look to get out of that one.
again, this is how I look at trades.
So that is a two, roughly just another 3% move.
My gut is that we will at least retest 88,
which would be a, let's have a look, 88 developed by 92,
which would be a 5% move.
which would be a 5% move.
And then I think we could touch 80,
which is a 13% move.
So, you know, like upside downside of a trade like that
is good, in my opinion.
That's why I look at it.
Man, ETH is doing crazy volume.
I give you an on synth, like it's mostly ETH.
Oh, man, it's really moving now. ETH is crazy volume. I give you an synth. It's mostly ETH. It's really moving now.
ETH is top volume.
It was never top volume
on Synthetix last season.
I don't have
Hyperliquid open,
but it's pretty impressive.
Anyways,
it would be nice
to have a little bit of pump.
That's for sure.
Tyler,
take us through.
There was some good
headlines in there.
Yeah, it was a lot of headlines. I think not a whole lot to unpack. I think the headlines
were the story in a lot of these. So once CFTC continues to lean in, there's more credit
to crypto that it's here going to be a part of the traditional finance system, right?
With this new pilot, tokenized collateral, it's going to be able part of the traditional finance system, right? With this new pilot tokenized collateral,
it's going to be able to be used for derivatives markets, options, futures, all of those things. So that's big. I mean, a part of the ETH pump,
I mean, we're not there yet, but right with BlackRock staking ETF,
they didn't launch a sole ETF,
but they are going to launch another ETF for staked ETH.
So I think that is notable that BlackRock is leaning in there.
I don't know that we have a date
on when that's going to launch,
but that's going to be a big one to come.
The breaking news at a private bank
or PNC bank rather
with their private bank clients this morning,
spot crypto trading now available.
Coinbase is leaning in. They're powering it with their crypto trading now available. Coinbase
is leaning in. They're powering it with their crypto
as a service.
Again,
the boomers now will have more access
to buy
Bitcoin via their
traditional banking system.
More access,
more proliferation.
Arguably the most interesting story,
maybe not the most impactful to many,
is the Farcaster news.
I really think that is very interesting.
Yeah.
So Dan coming out,
he posted his State of Farcaster update on Farcaster
and said they've been working for five years.
Don't feel like they really ever have found.
They've been working for five years?
That's what he said in his note.
That surprises me.
I didn't realize there was a thing until this year.
Five years, I didn't know, but I've been on Forecaster for a minute.
It was just very nice at first.
But like through three years, I think I was on, what, two years ago?
Three years ago?
You're with the DJj and pumping right so i think it it's been like on the map for a couple years like two years ago was big it was only 23 it was the bear market thing right but it's true
some people it was more micro niche before that right there was a lot of people on farcaster
before i'm not surprised i mean what is your take on that you guys i mean the take is quite simple
for me meet the people where they are.
And people don't give a shit about another platform.
And that's just the truth.
It's not a forecaster problem.
It's Blue Sky, Clubhouse.
I don't know.
You name it.
It doesn't have to be a crypto app.
Why would I leave X?
I have 500,000 followers on here.
Well, I can tell you.
X is a shithole filled with robots.
This is true.
And there's no conversation on X anymore. You're absolutely right. X is a shithole filled with robots. This is true.
And there's no conversation on X anymore.
You're absolutely right on that.
And I'm in the X trenches.
It is my home base.
I spend a lot of time on X every day.
Well, Telegram is better signal.
I think Kobe was talking about this,
but then you got to be in the chats.
You got to know the right people.
So... And that's why I'm a little surprised, and I get it.
Maybe the numbers are easier for leaning into walls and trading, okay?
People are fed up with X right now.
This feels like almost more of an opportunity to really lean in
and say there's actual conversation happening over here.
And granted, I say this as someone who does not log into Farkaster.
So take that grain of salt.
But it feels like there is an opportunity there.
And I actually think it sounds like some of the community members are going to try to take it forward and run with it.
There's a very strong community on there.
There's a whole Bayes, Farkaster, ecosystem community.
I thought Farkaster was getting integrated within Bayesat.
And they were doing a whole
thing together.
They were originally,
right?
Didn't they raise it at like a billion dollars?
They raised
$180 million. I don't know.
It was at a billion. I'm pretty sure it was a billion.
Wow.
I'm pretty sure on that,
by the way. I'm pretty sure it was a billion. way. Like, I'm pretty sure it's a bill.
I mean, on an email, you don't raise it less than a bill.
I feel like they had their chance, but they went DGEN token route,
and that kind of fucked up, right?
Remember, there's a whole, like, thing.
Is DGEN token still live?
No chance.
I don't think so.
As in, they just don't work.
It's live, but they're just not working on it.
Yeah, they're just a thing.
I don't know.
It feels like that, all the right things going on for them and then something happened in a way
A million dollar token Jesus is just
Ripping oh
Fucking hell wow. Yeah, it is
Wow, oh DJ DJ and crossed a billion at peak
Oh, yeah, yeah, did you definitely went over aijin crossed a billion at peak. Oh, yeah, yeah, Dijin definitely went over
a billion. That was, like, crazy, dude.
There's a lot of good trades that came out of
Farcaster trenches, by the way.
92.7.
Mando
is currently licking his lips.
We interviewed a thousand
who his thesis is
a Farcaster user is worth
like 100x users
from a reach perspective
because they'll actually go try to use your product.
Not wrong.
There seems to be a lot of merit to that.
I mean, 10,000 followers on Farcaster, you know,
are 10,000 real followers.
And on Twitter is just a punch of AI slop.
I mean, I don't bother reading my comments almost anymore
because I can't even tell what's real from what's wrong.
It's insane.
What has happened there with the comments?
It's so bad.
It's just sad, isn't it?
Well, my
two cents is
we've had bot replies for a while
now, but there was at least people
in the mix, and now no real
people are replying. No real people.
Maybe three. There's just no conversation
happening. I know.
I don't know. I'm going to use stuff like Kaido,
burnout. It's like we had that arc where everyone was
just reply going so hard.
And then it was also good for the payouts.
I think they also switched the payout structure on
Yeah.
It's been a notable shift
it just sucks man
people are cooking on like TikTok and shit
still you know
YouTube, TikTok like
I don't know maybe we need to be on TikTok
boys
you know
we should get on TikTok
my wife is going to start posting videos on tiktok she said
that last week your wife's going to fucking scroll through tiktok and it's going to be
your ass say talking about like shit and piss in the can coin um
i was called chinese spy app so i don't even have it on my phone. What is the deal with TikTok now in the US?
Is it actually allowed
in the same level?
Who owns it?
You know what?
I haven't been...
That was like a big thing six months ago, wasn't it?
But then it was going to get bought by somebody
and then
everyone just shut up about it.
Yeah, I have no idea
what's going on there.
I don't really use TikTok either.
Damn, we could have had, we could have
longed this ETH candle for fucking synthetics.
We're late.
I mean, ETH is at a level
not seen since
three days.
No, we break out here.
This is a big.
Is it?
Clear skies to 36.
December 4th,
I have ETH at 3,200.
Yeah, it's 3,250 right now.
Oh, no, no.
You're right.
You're right.
Sorry.
Sorry.
Yeah, right there.
Right there.
Yeah, you're right.
You're absolutely right.
November 16, I have here.
Damn.
All right. Should we top last? Mendoz here like oh oh these guys
look at this look at this lads like it's right there it's on the line it's on the line
man we're cruising it's okay to me um it me. It's definitely one of the stronger ones.
It's on the line, boys.
Wow.
You know?
It's right there.
Heath is preparing the Farouk Tom Lee interview candle.
$3,600 tomorrow.
They're not just messing with us ahead of FOMC and they're just going to slam it down.
I am not trading my real personal money before the end of FOMC and they're just going to slam it down. I am not trading my real personal money
before the end of FOMC.
Synthetics, I'm going to go, fuck.
My cash, it's not being traded
before FOMC.
I am not.
It's just a crypto rally.
No, everything's green.
Silver just hit
a huge high, $60.
Can you see that?
What did?
Silver.
It's this boomer thing I've been following a little bit lately.
Yeah, you're really in the silver trenches, it feels like.
I'm in like, I'm in any, I've been reading up on anything but crypto trenches lately.
Okay. And I own none of, I've been reading up on anything but crypto trenches lately. Okay.
And I own none of it, but everything is up.
Why can't I share my fucking screen?
Look at silver, dude.
This is, look at that.
All-time high.
See, what a chart.
What a chart, man.
It's boring, you know?
Crypto is so much more fun. Like, let me buy, buy like a dog with hat coin again you know i mean like send that shit seven billion dollars ai meta like yeah we can just throw cash
ai meta was great like axbt like far coin type shit like all this shit's great you know it's
amazing anyway well i just thought the time i have two back-to-back meetings in four minutes
anything i missed on?
If not, let's just play some Omaha.
Yeah, we covered it.
All right, perfect.
So today the rules was bronze, right?
$500?
That's right, yep.
Bronze, $500.
All right.
Charlie, let's rip it.
And then maybe, Mando, you can teach us some Omaha flip.
Do you know how to play Omaha?
No? It's like
I play Texas Hold'em.
It's a fun game. You're basically just flipping and you're going to have
a better hand than the dealer. Let's just try it for fun.
We'll learn.
Yeah, I think it'll be fun. Yeah, fuck it.
What are your Nascent
NSCNT
Congratulations
NSCNT
Where's the Kiki username at?
Why don't I see
Oh, it's a parenthesis
I see, okay, cool parenthesis I see okay cool
Nascent are they here
oh there it is
yeah this is finally alright
alright
alright
there you go
you already won 500 bucks
that's for sure
so Omaha Flip is the new Yeet original ladies and gentlemen There you go. Congratulations. You already won 500 bucks. That's for sure.
So Omaha Flip is the new Yeet original, ladies and gentlemen.
So how does this work?
So welcome to pot limit.
Let me share.
If you know how to play Texas Hold'em, it's exactly the same.
It just has four cards.
Okay.
And it's luck based.
You're just flipping it versus the deal. Ah, Royal Flush 100X.
I don't know.
I forget. 2X for the first two cards. First card only. One card. Okay. Okay. Okay. And it's luck based. You're just flipping it versus. Ah, Royal flush, 100 X. I don't know. I forget.
Two X for first two cards.
First card only.
One card.
Okay.
Okay.
Got it.
There are odds.
Like you can,
you can do regular.
Okay.
So we'll do regular.
I'm just reading quick.
Choose your deal.
So do regular,
right?
I would do regular.
Yeah.
Okay.
So what?
So we give them two hands,
right?
250 each. We play twice. Okay. So what, them two hands, right? 250 each?
We play twice?
Yeah.
Okay.
So what do we bet on?
Let's do winning hand, I think.
Just if you have a better hand than the dealer.
Okay.
And then for the second one, we can let Nason pick, right?
Maybe.
Yeah.
Yeah.
They want to go for flush or better. So basically if you get one card. Okay. to go for Flush or Better.
So basically if you get one card
okay, I see Flush or Better.
I see, okay. Someone says throw 50 bucks
on Flush or Better. Should we do that?
Let's do it, yeah. Why not?
So let's do 200 on one hand.
Oh, so you can make multiple. Okay.
Let's do this. Alright.
Oh, that's fun.
Flush!
That's the dealer. Oh, that's fun. Flush! Oh!
That's the dealer.
Oh, shit.
Flush!
Dude, whoa!
We won, guys.
It's a $600 win!
What the fuck just happened?
Wow.
We had a better flush than the dealer.
Are you kidding me? Oh, you had King Eye Flush?
Fuck you, man, no!
Fuck you.
Dude, this is such a sick game.
I know. It's great.
It's a very simple card game, basically.
Shout out to the person that told us
to bet on Flush or better.
So $592 already made five runs. It's already $1,000
and now we play again.
Should we just re-bet? Same thing?
We 2x the 50 bucks
and then we 2x the...
Okay. Alright.
Should we do the same thing?
Run it back. Yeah, or should we put
more on Flush or Better this time?
Because you've got to go $1,000 in the bank, right? That person we put more on Flush or Better this time? Because you've got to go
a thousand in the bank, right?
That person said, who said Flush or Better?
I will tip him. It was digital natives.
Digital underscore native here.
In case you want.
No need for a tip, though.
Person's saying, they're good.
They have a 3D punk. They're good.
Okay, should we run the same thing back?
What are we doing?
Let's do it. I think we'll just run it back.
I think Mando's scared of losing more money
than Tyler here.
I was putting more on there.
This is sick.
Hold on.
Straight.
Oh, fuck.
Let me go straight.
Okay, six.
I don't think we can get a flush here just to let you know. Oh, fuck. They go straight. Okay. Okay. Okay. Six. Six.
I don't think we can get a flush here just to let you know.
Okay. I see.
Okay.
Cool.
That was fun though.
I got to say the clip that we're going to get out of this one for the first ever Omaha
flip hitting a better.
They got a flush and when we do it with a better flush, that's like, that's insane.
I'm going to play some Omaha Flip this weekend, Mando.
Unless, maybe we're going to stream a little Thursday night.
I'm here.
You know?
Let's play.
Dude, should we play Thursday night?
Anyways, hit me up.
Hit me up if you're down.
Tyler, that was fun.
Mando, that was great.
With that, we'll see you all tomorrow morning, 10 a.m. Eastern Standard Time,
for another episode of FOMA Hour on Rug Radio.
Let's go. Thank you. Bye.
