Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
FOMO HOUR: PPI + MARKET COOL DOWN
Recorded: Aug. 14, 2025 Duration: 0:58:19Space Recording
Short Summary
In a dynamic crypto landscape, Metamask's imminent launch of the MMUSD stablecoin in partnership with Strike and Blackstone marks a significant project launch. Meanwhile, Coinbase's strategic partnerships aim to enhance USDC adoption, while Ethereum ETFs see record inflows, indicating a shift in market interest. Amidst these developments, hiring moves and economic indicators suggest a volatile yet promising future for the crypto sector.
Full Transcription
Thank you. you
Check okay
It's working what's up what's up what's up
All right, I'm plugged in Oh
Do you see rugby on stage
You do right check
Check okay, it is on stage so weird these phones sometimes and one has it one doesn't all right. We're good. Yeah
Yeah, let me get some thumbs up if you guys hear me real quick
What up bongo what up midi what up phone what up Hector what's up what's up some retweets we are so back
Or it's so over
Alright sims kick it so
Bye. yo yo yo yo yo what up what up good. Good morning, GM. GM.
What is it?
Thursday, August 14th, 2025.
Look at that. Another beautiful day to have a beautiful
day. I got my co-host in the house,
Tyler. Tyler, good morning.
How are you doing today?
I'm good. Good to have you back.
Welcome back home and
to the show. I will say I was a little
better last night when we were ripping the new all-time highs and I thought we'd have a little
bit of euphoria this morning and in fact we are going the opposite way. Still all good.
Another full retrace. Classic. Classic. I mean, it's over, dude.
118K, 4,600, 193.
I don't know what to tell you, dude.
This is like a triple top quintuple formation in PPI.
The treasury company is going to stop buying Ethereum.
I don't know what to tell you.
Everybody knew it was the top.
I was calling for it,
you know,
timeline undefeated.
Oh man.
Yeah.
We'll talk about that today,
but let's,
we got markets.
We got some news and we got some,
you do wait,
you two giveaways today.
I heard,
I heard it's two today and two tomorrow.
I think two giveaways tomorrow. And, and two tomorrow, I think. Two giveaways today.
Two giveaways tomorrow.
And as usual, we are live on Kik.
Coconut Kik.
So make sure you go.
Make sure to subscribe.
A lot of cool stuff coming for the live viewers on Kik.
We're giving away... How much?
Ooh, okay.
We're giving away a lot of money today.
Love to see that.
We actually give away like 75.
We're going to hit 75k, I think, today.
So love to see that.
So kick.com forward slash DJ's live to finalize there.
And the last but not least,
this show is powered by Wallet Connect.
Wallet Connect is a connectivity network
shaping the future of all chain UX.
If you've connected to Web3 app,
you've seen Wallet Connect.
That blue logo, it's everywhere.
An icon of trust in crypto is recognizable as Visa at checkout.
Once more or more,
follow at Wallet Connect on X and Telegram to stay a better.
What's next?
Actually, they got a list on Coinbase yesterday, right?
Saw them.
Damn.
Dude, cooking.
WCT tokens.
Cooking.
Shout out to our sponsors.
And Kraken Pro.
With Kraken Pro, you get full control over your layout.
Drag and drop any module.
Customize it all.
It's clean.
It's smooth. and built for real traders
if you trade crypto check out pro.kraken.com trade without trade-offs tyler i've been out
of tune you need to catch me up on those news ah where's my thing i didn't prep it NFT and crypto analysis. Totality on FOMO.
Our calls to KitKate.
Ready to bash the bears.
Yeah, folks.
Crypto majors rallied hard into yesterday evening.
They sold off this morning ahead of PPI.
And then a hot PPI print, the hottest in over a year, I believe,
has led to our coins going lower.
We've got Bitcoin down 3%, 118.200 right now. We've got ETH down
2%, 45.80. Soul down 3.5%,
194 after briefly hitting 205. This comes after again last
night. Bitcoin hit a smashing new all-time high, 124.500
I think I saw. Wow. Perhaps briefly over that.
Again, before now, a full 5% retrace from that.
Over half a billion liquidated.
I think now the count is probably higher than that as DGINs went up.
Max long at local highs.
Never changed.
In other headlines, we had the ETH ETFs.
$729 million in net inflows yesterday.
That's their second biggest day on record. For perspective, those Bitcoin ETFs only had729 million in net inflows yesterday. That's their second biggest day on record.
For perspective, those Bitcoin ETFs only had $87 million yesterday.
So 8 to 9x in size over on ETH right now.
It's a big deal.
Metamask is partnering with Strike to launch their stablecoin MMUSD,
and reports are it might debut as soon as today,
according to a source talking with Decrypt.
So be on the lookout for that.
We had Bullish.
It's a crypto exchange, more for institutions.
They had a rollercoaster IPO debut yesterday.
Their IPO priced 37.
It opened above 90.
I think it went as high as like 110, 120.
Settled around $67.
So still a nice win for anyone who got in on the IPO.
We had Paradigm's Matt Huang will become CEO of Stripe's Tempo L1 blockchain
project.
So that was a notable hire there.
Anchor Digital announced it will start custodian hype,
bringing institutional-grade security to hyper EVM.
And then another rollercoaster day from the Google Play story yesterday,
they briefly introduced a policy to require
a license to crypto wallets.
They revised the policy just hours later,
saying it would only impact custodial
wallet apps, those from exchanges.
So we'll perhaps get into that later on in the show.
In corporate treasury news, it was actually
a lighter day of headlines.
GameSquare Holdings, they announced their $2.5
million deal with Izuki to market
their anime coin and the Izuki brand.
And that was basically it on the treasury front.
We have those short-blank earnings coming tomorrow.
That's going to be a big one to watch with Daddy Joe Lubin on the mic.
In token, airdrop and protocol news, Coinbase announced a partnership with Mercurio to lower on-ramping fees for USDC on base.
And then Coinbase also partnering with squads to accelerate
USDC adoption on Solana.
So Coinbase is clearly leaning more into Solana right now.
Really?
InfoFi, we have Wallchain,
our quacks.
They use personal leaderboards, allowing
both protocols and users to create their own
InfoFi leaderboards for free.
Much less expensive
than the Kaido versions.
Then Everland debuted a new L1 for generative AI with its own Kaido campaign, encouraging
AI content creation.
So check that out if you're interested.
Rounding this out, the AI market cap basically even is probably red now.
Tibber hit a new all-time high interest rate, $250 million, before pulling back.
Memecoin leaders largely red on the day.
I imagine they're even more red now.
Yeah, Doge down 7%.
Pepe down 8%.
So a lot of red out there.
Useless was a notable mover.
Jumped 33% to $280 million after Coinbase added it to its listing roadmap.
Then a couple of new on-chain moves, Brown House and Stupid,
but nothing too big.
Yeah, that rounds it out.
This is a lot.
A lot.
Yeah, kind of the average day, I'd say.
I'm not getting a whole lot of big macro headlines.
In some ways, it feels like it's the August doldrums.
Yeah, yeah, yeah, of course.
But the Treasury Co's have been carrying us to more active August.
For August.
It's a long-ass fucking, you know, top 100 today.
Let me get Mando up.
What up, Mando?
Good morning.
You're back.
So back, dude.
So fucking back.
Wonderful.
Woke up dead.
Went to the gym.
Got a big pump in.
It's hot.
It's sunny.
You know the vibes, baby.
You know the vibes.
My mustache is back, too. I love it. Love it's sunny you know the vibes baby you know the vibes um my mustache is back too i love it kind of love it big big mustache guy you know every time i shape because the mustache market
rips i mean my mustache sent us 125k you know before uh numbers came in this morning and so
tyler uh he was just taking us through these um through days i guess maddo we can talk a little
bit of markets today what's your read what's your read what's going on timeline is in shambles
is it over
no not at all but uh it did feel like we probably needed that bit of a cleanse yeah um ppi was a big myth, to be clear. But, I mean, PPI is like,
PPI is the third most important inflation metric,
let me put it that way.
Not the biggest, but normally goes,
well, at least for the Fed, PC inflation,
then CPI, and then PPI.
And PPI tends to have the most volatility
out of all three of them as well.
So I don't know.
One of these things that you can really go crazy about
or you can just say,
well, this kind of is what we were saying yesterday
in that one bad piece of news
and the market can just really react badly and everything gets nuked
and everyone was levered to the nines,
seemingly just for a very small breakout.
And, yeah, it kind of is what it is.
Like, it's interesting to see that that
Bitcoin and ETH
I mean they're back to where they were
two days ago
I think so
I mean look at Bitcoin on a daily
yeah
two days ago
I don't know
have we looked at the Fed chances again?
They're 100% of it last night.
Still 95%, so like a small dip, but like 92.5% now.
Still 92.5%?
Yeah.
Stocks are barely down.
Stocks are down 0.1.
The MAG7 index is up.
Look at this.
This feels like a broader crypto overreaction
than what's happening in stocks.
I think so too.
I mean, it's leverage, right?
You saw the Aguila guy?
Dude, have you guys seen that?
He was the Robit whale, right?
He was the guy.
Remember Mando?
Back then, he was the guy Robit making like 500k a day
or some shit on multiple trades.
And I just saw this this morning.
Got licked again.
For 83 and a half million.
Well, that's the levered position.
His total loss is 37m though.
Yeah, he's lost 37, yeah.
I mean, still a lot.
It's pretty wild if you ask me. Yeah, I's lost 37, yeah. I mean, still a lot. It's pretty wild, if you ask me.
Yeah, I mean, the fact that you can lose that amount of money
with the market pretty much at all-time highs on pretty much every major,
it's very James Wynn-esque, right?
Yeah.
Yeah.
Big game for Nims.
Getting liquidated here.
I also saw a fellow host of Morning Show, Choose Rich Nick, yesterday,
decided to long Bitcoin at $123K and make a video about it.
And I was like, oh, shit, this ain't going to end well.
Did you see that one?
I thought it was hilarious.
That's tough.
And then they were – I'll throw some shade at them.
They were going max short ETH at 45.
Yeah, right here.
I thought that was hilarious.
Guys, we just.
Do you guys see that one?
Can you guys hear?
I'm about to buy $500,000 of it right now.
Long in the breakout.
Here we go.
I really like the move.
It's exactly the move I was looking for when I spoke about reducing some miss yesterday. Yeah. I was like, you know i really like the move it's exactly the move i was looking for
when i spoke about reducing some risk yesterday yeah like you need flushes like this i only bought
a little bit um but uh but yeah i think i think you need these you don't just go to all-time high
just keep on going like volatility increases massively as you
start breaking through all-time size just everyone be aware of that it often means that even within
the same day you'll have like incredible chances to buy and incredible chances to sell so um
in you don't need to fomo necessarily at this stage. If a coin starts moving,
just like Farpoint, for example,
you could have FOMOed into it yesterday,
dropped 11% in a week.
And I still think it's on a good upward trend.
It's basically what I'm trying to say.
I think that's a coin that I think can do okay here.
I think that's a coin that I think can do okay here.
And that is the beauty of being comfortable in how much you've made at full-time highs
because you can really pick your spots a lot better.
If you're trying to chase it and you're like, fuck, everyone's making so much money,
you can lose money very quickly around these sort of times.
Yeah. I mean, you could just go and coin it lies what's up pilot go ahead i feel that because i've just been playing with like uh
low low dollar amounts high leverage bets and like oh it's 4700 you you want to be in the long
all-time highs just like for the story less for like being a great trade so i see how people fomo into it and i feel like
more people are playing on hyper liquid than ever and probably a lot of amateur
leverage traders if i'm being blunt right and it's easy to long the breakouts and now we're seeing
how that now that on the east side though i think it is interesting, just like talking very hyper near-term price action.
I agree we were due for a healthy correction.
It's been literally up only.
At the same time, like...
I don't know, dude.
Did we lose him?
Do you know what I mean?
No, Tyler, did we lose it? Oh, know what I mean? No, Tyler, did we lose him?
Oh, yeah, yeah.
He's frozen, right?
He's gone.
Oh, he's gone.
Dude, look at Eats, man.
It just doesn't give.
Like, this is not even a dip.
It doesn't give, dude.
It's actually insane.
It's actually fucking wild.
Fantastic little coin. It's actually insane. Let me text Tyler real quick. Tyler's actually fucking wild. Fantastic little coin.
It's actually insane.
Let me text Tyler real quick.
Tyler, you're gone.
That was,
it's actually wild.
They have Tom Lee
tweeting
like 20 minutes ago
talking
today's hot PPI
is just a graze.
Since late 2022,
every dip has been bought.
Since late 2022,
every dip has been bought. Point number three, since late 2022, every dip has been bought since late 2022 every dip has been bought point
number three since late 2022 every dip has been bought with regard to today see point number one
like you have these guys like getting set to like buy 20 billion dollars worth of fucking
ethereum and then you have people flipping out uh tyler we lost you for a second you were making a
point uh yeah just that dips are shallow yeah and like I could see it
like in theory
I could see us going lower
and having a longer correction here
but then at the same time like the treasury co-race
is still on
and like these guys can't
wait out the dips
too long like knowing that he's going to keep
accumulating most likely
Joe's got his sharp link earnings call tomorrow
he's got to have a good story to. Joe's got his sharp length earnings call tomorrow.
He's got to have a good story to tell.
Shareholders might be asking, hey, why are we 50% behind Big Tom?
I kind of am in the camp of the ditch.
They're probably going to keep being shallow.
Yeah.
He's so good.
Man, Tom Lee cracks me up.
The memes about him.
They're licking their fingers when they see those dips, right?
We're just telling Mando, like, what even kind of dip is this?
It's just not given.
So Mando, actually, one last thing on the markets.
I saw you put a tweet out yesterday that you moved some of your position to Bitcoin.
Ken, I want to ask you a talk process on that.
I mean, I've been pretty public about that. Yeah, yeah, yeah.
I thought I was going to do that.
If you've been watching the show, I shouldn't be.
No, it's not a surprise at all.
It says from $4,000 to $5,000, you know, I was going to take some profits.
To be clear, at $5,000, it's just over 2x for the trade that I put on.
So I'm basically going to keep about 50% of the original trade I had on.
Yeah.
And I'm going to move a decent amount of it into Bitcoin.
And part of that's just like a sleep at night sort of thing.
And part of that's just that I think, as I've spoken many, many times on this,
I like trades when they feel hated.
And ETH rallying to me really doesn't feel that hated now i can keep on going and maybe
it's the start of like a bit of momentum here but um and i'll still have a you know a very decent
position but it won't be um but it's but i just want to i want to be available for spots like this
a little bit better and my gut is that bitcoin will be less volatile
even as we break through all-time high and you know if we see a 25 percent wick and fart coin again
and i own 75 bitcoin in that like just that portfolio bit then that's great. Yeah. I can buy it. Ovi doesn't like that trade.
Ovi seems to be asking why you're cutting the win.
You know I'm radio debating it,
but my retort is that Bitcoin is a winner.
Yeah.
They're both winners.
Exactly.
They both done very well.
But ETH has literally doubled versus Bitcoin in the last month.
And I'm just digging some profits.
I mean, yeah, plus it's fat trades.
So it's some pretty decent profits here.
Wow, ETH is now up 20.5% a week, seven days.
40% year-to-date.
It's definitely been outperforming.
A lot of XRP. Damn, that's crazy.
Talia, I just saw you sent me this. Our quant,
our female quant.
Yeah, I didn't believe her once again.
She nailed it last night.
She has 118K
as her... She does it again.
Nailed it.
Fem quant.
Talia. I think her next play is 127, but she's got it. Sam Quant. Italian.
I think her next play is 127, but she's got it out in September.
Oof.
So she's saying maybe a little chop zone here.
Maybe a little chop zone.
But question for you guys.
Isn't chop technically like, don't we really want little chop on the majors here? Like ETH literally outperformed every single thing on its ecosystem.
Right.
Like I was looking at obviously Pepe,
Maul,
Greg,
all that kind of unchanged on this move.
The last move from like 42 to 4,700.
And all these coins were just like flat or in the same range.
And then Bitcoin also moving.
And I saw Solana.
I didn't realize Solana went to 200 something.
It was a huge move.
And Mando once again,
Solana moves and then the market kind of cools off like right after
Sighted tweet about this but the memes
haven't really like moved as much of it
Don't we really want a little bit of chop here
and then
maybe we get a little bit of a
casino run
This is not bad
Depends Timeline might not want it I think it's probably good for us this is not bad um depends
timeline might not want it
I think it's probably good for us
that we need a little bit of a chop
yeah
you could just feel it
we went from into greed
on crypto affair and greed within like a week
I think
I think we're going higher if I'm honest
I don't think we're chopping here for a while I think we're going higher but I think we're going higher, if I'm honest. I don't think we're chopping here for a while.
That's my gut.
I think we're going higher.
But I think it will be volatile.
Don't get wrecked.
Making big gains means you've got to have big nuts.
And that's kind of what happens when you break through all-time highs.
Intraday, you'll be like, this was the worst trade of my life.
And then it snaps back by the next day.
So yeah, just have some nuts at this stage.
I like that.
Have some nuts.
In the words of Benny.
Sorry.
We've seen Bitcoin bigger swings than we've seen.
It's like the Bitcoin volatility had been incredibly low.
And now it was $112, we're up to $122 in a few days.
Back to $117, then to $124, now back to $118.
It is swinging a little bit more.
That's very true.
So Bitcoin volatility had been at the lowest for like five years.
I think you needed that flush for it to then hit a new all-time high every single time that happens and now you've just had another
little flush so maybe we can bounce back um but i expect crypto volatility in general to increase
by factors as bitcoin breaks through an all-time high. That's just generally what happens.
Think about all the previous times where that's happened.
Think about what happened in November.
You had wild weeks up, wild weeks down.
Within a day, you're like, oh my God, I've made so much money.
And then you're like, oh my God, I've lost so much money.
Just be prepared for that.
That's ETHPTC chart is crazy.
Probably going to keep going.
Yeah, no, totally.
Totally get that.
That's so long.
It's looking good, though.
Tyler, I just saw you sent me this.
Rumors, rumors, rumors.
We're hearing things.
We're hearing things, guys.
I'm not in the insider circles.
I'm not hearing rumors. no one's passing them on
to me but i saw this from from andy who perhaps is a little more connected than me and he's saying
rumor mill several massive sold treasury companies will be announced in september
which is interesting because like mando's part of his pov lately has been when soul runs it's
the last runner and
it means this current move might be topping and that is absolutely played out it played out again
yeah yesterday i think what might potentially change that is if we do get the sole treasury co
announcement i mean we've had a couple but they've been on the smaller side like dftv i think they're
out of ammo right like They're not buying anymore.
Upexi's been buying a little bit, not a ton.
But if a couple big dogs come in with some billion-dollar bags and start to move quickly, it's interesting.
I think that maybe changes the calculus on the sole trade a bit.
I'm wondering, so i was actually
wondering so was part of the move that we saw in the last couple days perhaps front running back
because it was a big move i mean soul went what 170 to 205
yeah so it's been performing well i mean a lot of things have been but but yeah so
kept up with eith i think people it's very natural for that to happen.
If I'm honest,
I don't know if it will get the same amount of demand for treasury companies as ETH.
You need that institutional...
I think you need the ETF.
You need it to be sold.
Tom Lee's background is more real money, right?
He would speak to wealth managers, pension managers, investment managers.
He's the sort of person you kind of want for this.
And you want them to be able to buy it too as well.
So I still think, and this is not like I am bullish on Seoul doing this.
I still think it's going to wait
you need
the ETFs
to really
drive home
that and
then and
then these
these companies
at the same
time what's
the latest on
ETFs by the
way I feel
like we
haven't been
following ETFs
at all anymore
like new
ones or
yeah but
what's the
latest on
like all the
applications for
all the
different ETFs
the Solana ETFs?
The Solana ETFs haven't really taken, as in the ones that I believe are currently trading?
No, no, no. Like the ones that are like supposed, like remember there was like Solana, like all these applications, right?
Like for so many ETFs.
Um, the ones that are already trading, right?
But I don't know if they're the big ones yet.
Like that, what was it? Rex or what was the name of that company they got rex shares yeah they got one
but like blackrock is is not doing one i know so what you're really waiting for now is fidelity
and invest goes to be approved and i don't think either of those have been approved just yet
Those have been approved just yet.
So maybe we're waiting.
Yeah.
We will see where that takes us.
But the market does seem to be bouncing as we're talking.
It was a typical 30-minute flush into the market.
We're back at $119, $46, $75, and $197-ish.
I think ETH might hit all-time high today now.
Just to gut here, guys. and 197-ish. I think ETH might hit all-time high today now. Woo!
Just a gut here, guys.
Oh, man.
I got to hurry up.
BRB, I got my 20x.
Get the Hyperliquid open.
Get the Hyperliquid account running, Tyler.
I would really say that we're back in
this is
all-time high territory.
I don't even know
what he's doing. If something gets nuked
and everyone thinks it's over, and KBM's
calling for a 20% lower move
again. There's no way
he's doing that. I am the same day.
There's no way.
Hold on. There's no way KBM
is asking his fucking 20%
move, dude. He said 10% lower
across all majors, I think.
Let's go have a look.
I honestly, I think it's already down 10, you know.
Look at this.
Look at this banner.
Beautiful.
Oh, God.
That was the signal to go long as soon as KBM.
Where'd you go?
No, he's already out.
Yeah, he's got a new labored product that he's trading.
So, look at that.
Oh, man. I had a nice I got an entry at 4580
but then I got shaken out of it
don't you just think this is the sort of day where
ETH breaks an all time high or hits an all time high
gets very close to it
I mean look at this
like this is
there's no dips
there's no fucking dips
the people who didn't deserve it.
You have to shake them out.
You have to.
You have to.
NASDAQ's green.
The markets are all green, bro.
Like, it's all green.
It's all green.
NASDAQ, I'm sorry, SPX, NASDAQ.
Like, everything's green.
Everything is good.
Anyways, Mr. Tyler, what else you got for us today?
Yeah, let's see a couple headlines
the MetaMask story is an
interesting one
so our friends at ConsenSys
they're playing this stable coin called
MMUSD
their intentions are they're going to
unveil it imminently as soon
potentially as today
so literally be on the lookout, no Dizon are they're going to unveil it imminently as soon, potentially, as today.
So literally be on the lookout.
No Dizon.
They've got some institutional partners lined up.
So Stripe will provide the payment rails.
Blackstone is going to handle custody and treasury.
So some big names there.
It's going to be a big expansion for MetaMask.
The project already has 30 million monthly active users.
I think where this gets interesting is how it potentially will be incorporated in DeFi,
what kind of yield they'll be able to offer, and what that means for just consensus and that team getting deeper into DeFi.
So we know there's still the whole wild card of what's going to happen with that sharp-like ETH.
Now we've got MMUSD in the mix and it feels like there really is going to
be a big DeFi push now from,
from this overall company and with the Metamask team and wallet behind it.
I mean,
I feel like they could be a player in the,
in the stable coin race for sure.
So it's going to be a big in the stable coin race for sure. All right.
So it's going to be a big one to watch.
We'll have more details, I imagine, if and when it launches.
But I thought that was notable.
And then the other story yesterday was out of Google.
That was funny.
180-degree reversal, right? So yesterday, this announcement came out. That was funny. 180 degree reversal.
So yesterday, this announcement came out.
They are going to be requiring these licenses for custodial crypto wallet apps.
They had these jurisdiction specific, which basically means AML KYC required to use these products.
It immediately got widespread pushback.
I think even the Google stock dropped fairly significantly. No way.
On the news.
And of course, maybe there was other factors driving
it. But then within a few
hours, they came back in.
They clarified it
and said, non-custodial wallets
are going to be explicitly exempt from
this. So like your MetaMask
is... And then this is just going to be impacting exempt from this. So like your MetaMask. Damn, good job.
And then this is just going to be impacting
like a Coinbase wallet.
Ones hosted by exchanges,
which I think are largely already subject
to these licensing reports.
That's crazy that the stock dropped.
Look at this.
Mando, look at this wig.
That is actually crazy.
That's the first time I've seen
a Magnificent Seven company That is actually crazy. That's the first time I've seen a magnificent seven company have like a
kind of bearish crypto piece of news.
And then that happens.
Goes to Talia.
I thought, I thought to myself yesterday, cause it's awesome.
One of the traders post this week down and I was like, we're at a point where
like, I think we've gotten so big as an industry that you can't, it's like,
it's bearish not to be in.
It's insane.
Look at this week. Look at this week.
Look at this week.
That's a very interesting thing to see.
Yeah.
They're going to come and buy
those crypto companies now.
They went on 3%.
I mean,
2.5% on a company that's big.
That's a big move,
right?
Yeah.
I mean,
that's probably a 10 figure move.
Yeah.
And there was like speculation that they were kind of testing the waters to see what kind of reaction would be out there, and they got it.
Google to buy OpenSea?
No, that's Luca Nets is buying Google.
Luca Nets is buying Google.
It's funny.
They said they'll ban it, and then all of a sudden, you know,
no, they're not banning it.
Do you guys think this was, like, what causes the news like that?
Was it fake news?
Was it, like, they actually planned to do it, and they're like, fuck it?
Because you don't backdrop this fast at that site, you know?
It's kind of weird.
Yeah.
I don't really have a huge read on it.
I thought the whole announcement kind of came out left field.
If I'm being honest,
especially with all the more of the clear regulatory guidance we've been
given.
So yeah,
I don't know what drove the move.
If they got maybe bad Intel or they were just kind of shopping it out to see
how folks would react,
but they got it. And then they, they, they fix that's of kind of shopping it out to see how folks would react, but they got it.
They fixed the course,
which you love to see.
I think
maybe warning signs are up. Does this mean
that it's more likely to come in the future
though? I don't know.
Interesting. Market's ripping.
So it goes on.
Speaking of all-time high. What's Speaking of all-time high.
What's the actual all-time high?
What's the top, top, top take?
I think 48.70.
We didn't hit it yet?
We didn't hit all-time high the other day?
No. I don't think we've been over 48 yet.
I think we got close last night.
We're about 4% away here, Randy.
Wow.
Okay.
Feels like it could happen.
Would be great if it happened now.
I would love to see that.
Anyways, what else is it going to tell you?
There was a crypto IPO yesterday.
Big one.
Institutional crypto
exchange.
I thought that Peter Thiel was tied into this one,
but he's been tied into so many things that I might be.
Okay, so Thiel is tied into this one, but he's been tied into so many things that I might be. He is. Okay, so Thiel is tied into.
Wait, Thiel is into bullish too?
Holy shit.
Thiel has got a very big position, I think, in bullish.
Big IPO.
Pull up the stock.
B-L-S-H stock.
Yeah, I'll pull it up right now.
I feel crazy.
He has the own Coinbase, right?
Coindesk.
Coindesk.
That is right.
Yeah, it's the other one. Own Cok. That is right. Yeah, it's the
CoinDesk.
When decrypt IPO?
Decrypt IPO.
When Myriad IPO?
It's the first thing I tweeted after.
I was like, yo,
I'm the IPO this shit.
Fuck the,
fuck a token.
I'm kidding.
I'm the IPO that shit.
Just imagine you could IPO
and legally give everybody
shares.
That'd be pretty nice.
I know.
IPOs are insane.
When you do that?
I was talking to them
when they were
filing the IPO
of the bullish slides.
The good friends,
the CFO, David Bonanno,
he tweeted about it.
We talked to them
like months ago.
That's how we got
into with Coindesk
and did some
myriad markets with them. They're good friends's how we got like into with CoinDesk and did some mirrored markets with
them.
They're good friends.
We're very good friends with them,
with the Bush lads,
on the,
on the media side,
cause they're on CoinDesk obviously,
but it's,
what is bullish?
Bullish is an exchange.
it's an exchange based out of Asia.
Yeah.
And they actually do a fuck ton of volume in Asia.
That's what people don't realize.
Like there was a point where they're building like billions of dollars a day
of, um, volume and, but it's really not like
known on this side of the way. Like I saw a lot of people like, Oh, what's this bullish thing?
Um, they're like really, really big out there. I was presented to them in Hong Kong actually,
but the New York based company, if I'm not mistaken. Uh, but yeah, Tyler, maybe you,
you dug in. I don't know. I didn't dig in super deep into bullish the company.
I'm just watching the price action.
So IPO 37 went over to 110, then fell 50%.
Now back up 20% today.
So a nice little day.
So another crypto IPO doing well out of the gate.
They're going to continue.
You raised an interesting point.
With the whole project crypto, tokenized stocks, regulated ICOs,
there might be a world in a couple of years where you could do that,
where you could actually give equity to community members in a way.
There's probably a path to that.
There's one team that's already done it.
Rack has done it. One team that's already done it. Rekt has done it. One team's already done it.
To be fair, I've said this before.
There's a world happening here.
Yeah. I'm sure. Mando doesn't want to marry
a token, boys.
I'm just kidding.
There's a world
where you can do many things.
I just got a ping.
FYI, it's bullish is led by the former head of the NYSE.
And I'm pretty sure Bullish was also founded by the XEOs guys as well,
if I'm not mistaken.
So it was a big open.
They've been planning this IPO for a fucking long time.
And I think they do a lot of volume. I mean, I'm
Chad GPT-ing this here.
But again, it just shows you these
crypto IPOs are fucking insane, right?
Yeah.
What is bullish? Exchange Fund November
2021. Peter
Thiel, Founders Fund, yeah.
Also
owns Crypto Media Company.
They acquired CoinDash for like fucking huge eight figures to I know that but what's the website the big change? Well, this is a common
Here boys are come
They do about three four billion dollars a day in volume
Yeah in volume.
They're big in Asia.
Big, big. I presented them by a few market makers.
They're pushing.
Oh yeah, founded.
That's actually pretty wild, honestly.
IPO raised $1.1 billion.
IPO valuation $10 to $13 billion.
It's probably really bullish for Gemini and Kraken, right?
Oh yeah. Damn. Damn. it's probably really bullish for Gemini and Kraken, right?
Oh, yeah.
Damn.
IPOing must be insane, though.
Can you imagine how much work and due diligence goes into an IPO?
For $1.1 billion?
I think that's the payout right lox hello at the end of the cycle you know hey lox
lox listening
that's uh that's uh that's just anyway so that was notable I saw the wrecked IPO
wrecked
you guys
lost your
token already
new IPO
should IPO
and swap the
token for
equity
how's that
everyone
already got
equity
no one
more
we could
IPO no one more we could IPO that's
that's fucking
actually so funny
anyways Tyler Gaw
what else you got
that's a lot of it
we've got Standard Chartered
coming out
and giving their bull targets
now for ETH
and they've got some I popping one 7500 ETH into the year, 12K, 2026, 25K, 2028.
So 5X plus from here.
So it's funny the impact that it feels like Tom Lee
and some of the ETH talking heads have had now
that we're starting to see these,
these huge targets aired out a bit more widely now.
And I mean,
standard chartered is a pretty large trad.
What does standard charter go with?
7,500 into 2025,
12 K into 2026.
So 25.
Why so bearish?
So just a casual grind up.
Tom Lee called him out.
Tom Lee said that their predictions for the year are too low.
He's like 16K.
Yeah, 12, I think, for the year, no?
16 for the year?
It's hard to keep track because he gives a lot of...
I mean mean they predicted
4,000 so
it looks like their previous prediction
was 4,000
oh no yeah
so it kind of just feels like they're just increasing
their predictions
it's interesting
because standard chart are a big bank
but they're not like that big a bank
sure and they seem to like that big a bank sure
and they seem to have wild
predictions a lot
them and bitwise just
it's like go head
to head 150k
no a million dollar
each
oh man
it's large like 5000
in a year.
Kathy was going to come in soon calling for $100,000 ETH.
You just know it's coming.
I'm surprised this market's 84% yes only.
Yeah, I put that in the newsletter this morning.
So I've been publishing a Myriad market every day in the newsletter now.
I love that.
And I thought it would be like 95%.
People hate money on Myriad. I swear to God.
I can't believe it. It was within
of 5K last night.
People hate money on Myriad markets.
They just like...
People rather get liquidated than just take
a free money prediction
on there.
To be clear, there is no REC IPO happening.
Don't go around.
Am I hearing REC IPO?
People quoted me this morning and said I announced a new product launch.
And I was like, I didn't say anything on a different interview.
I'm going to get in trouble if people keep taking my things.
Tabs and Ovi are going to be like, what the fuck is Mando doing?
I was like, guys, I didn't say anything.
He's unhinged.
All I said was, oh, we're exploring different products.
And suddenly we've got like, oh, we've got this coming out.
I was like, oh, God.
That is hilarious.
That is hilarious.
Bitcoin is still going.
Absolutely.
If I can check to 120.
That would be nice to see.
I mean,
I think he's back green on the daily.
It's close.
I think,
yeah,
it's going to though.
What's not green on the daily.
So the entities have been sold off.
I am curious.
So if you're,
if folks remember the 2021 NFT rally,
it was almost always like this.
NFTs would run Thursday to Sunday.
And they would typically sell off, normalize a little bit Monday.
The bottom would typically be Wednesday night, Thursday morning.
And then the weekend would start to come around and folks would start to have fun with their JPEGs again.
And we've seen some signs of that this summer.
I think a lot of the action has come on the weekends.
The Punk action this past weekend, of course, maybe that was tied to the Beeple event on Saturday.
So we'll see if it happens again this week.
But Punks were at 55.
Now they're back to 50, below 50.
And granted, E eth has run up
substantially so in usd terms still fairly flat um but i'm curious if we'll uh if we'll see much
pickup or if we need to see eth cool off a little bit before it hasn't been a whole lot of action
on the barboard we talked about this yesterday for but Snowfro has a mint here coming up in about,
I think it's actually in 10 minutes.
10 minutes or 10 minutes
with Glitch.
So we'll see if that
new mint takes off.
Other than that, not a whole
lot of new stuff to play
with. So the
action has been somewhat
consolidated in the existing players.
So like we had Moonbirds run over
three last weekend.
Hudgee's got back into 15s.
Bore Apes have been catching a bit.
And of course the Punks run.
So the Rekt guy has been running
along with the Rekt token pretty well.
We'll see if the Dijons come back to JPEGs
this weekend.
I'm not surprised at the...
Not too surprised, but
this punk pulled back a full 10%.
Yeah.
Yeah, yeah, yeah, yeah.
We'll
see where that leads.
All right.
Can we check in on the Yeet brackets?
What's the long ass website again?
How is our FOMO our team doing?
Oh, you're muted.
You're muted.
I don't know why I muted him.
Built for big moments.
Built for big moments.
I keep...
Dot com.
Dot com.
Where are we here?
I think we're doing okay.
Oh, wait.
We passed the first... Oh, let's go. You're $330, okay. Oh, wait, we passed the first...
Oh, let's go!
You're $330,000?
Oh, sorry, J. Colby.
Woo!
And now we're in the quarterfinal.
So wait, we already made a grand.
He says three...
What the fuck?
He's got some fucking DJs in his community.
What the actual fuck all right um yo looks like the
semi we may lose to wizard of soho unless unless somebody wants to dude mando if you and kbm lose
that's you you you guys about to lose you guys are founders you can't lose yeah we got some time
mando's about to deposit like half a million founders. You can't lose. Eh, we got some time. We got some time.
Mandel's about to deposit like half a million dollars
to fucking eat and just like farm.
I'm happy. Some of our police have done really
well.
Modern market, man. That's weak.
That's weak.
Who the fuck is Racky? Come on, man.
Vin don't.
Fired.
Fired. Fired.
Fired. Fired. Fired Fired Fired Fired Fired
Fired
I see what you did there, man
There's just a competition to see you keeping on
Well, we can't really have a competition with Wizard
How are we going to win this, boys?
We're having a fight with the Izuki community.
Izuki, by the way, right now, if you want to get back with us, go gamble.
No, wait for Wiz to beat him, and then we're going to go Team Izuki here.
Oh, that's what we should do.
Yeah, Team Izuki.
And then we're going to fuck the shit out of Wiz.
Special Izuki bonus under some of're going to fuck the shit out of Wiz. Special Izuki bonus
under FOMO.
Oh my.
Hey, honestly,
finishing at 330,
I'm pretty proud of that.
That's pretty good.
Because Jersey,
I know,
is a big one for you guys.
We pretty much did
the same volume as him.
Oh, we cooked you guys.
Dude, Jesus.
We came third.
That's not bad.
So what?
We made $1000 already
$1000
Apparently Wiz is one person
Called South P
Who bets millions
He does have one person who's very big
But he's consistently had different people
Alright farmers
We're going to give you a lot of money if you guys make us win this
We already made $1000 Which we're getting back Speaking of yeet All right, farmers. We're going to give you a lot of money if you guys make us win this. Okay?
We already made $1,000, I think, which we're going back.
So let's wait.
Speaking of... Whoops.
Speaking of yeet.
Let's do it, Sims.
We have two winners coming.
Two winners today, two winners tomorrow.
Let's get some money away, lads.
The code was the code Bitcoin today?
Yeah, the code was Bitcoin.
Yes, it was.
Give me one second. Yeah, I thought I just shouted out. But if you pay attention to? Yeah, the code was Bitcoin. Yes, it was. Give me one second.
Yeah, it's funny to shout it out.
But if you pay attention to the video, then you saw it.
Let's give some money away.
I'm excited.
Two tomorrow.
Two today.
What are we playing today?
I don't know.
I think we got lamb chopped today.
It's been too long. Oh, yeah. I don't know. I think we did a lamb chop today. It's been too long.
Oh, yeah.
I don't know what you guys played this week.
We only played one day. It was Plinko.
Right.
Let me share the screen.
Maybe some Risky Click.
We can do both.
Just two winners.
Why does everyone seem to win on that?
Dude, I cook on risky play.
Go on.
What's it called?
The one that Legendary always wins on.
Yo, Limbo.
I can't win shit on that.
He's dropping like 25 grand a time on it.
I'm just like, how is he doing this?
Legendary is on an all-time run.
How much has he made on that shit?
Like, 100 Gs?
I'm going to reveal that. But Limbo, he's done well on., honey, I can't, I can't, I can't, I can't, I can't, I can't reveal that,
but Limbo,
he's done well on,
let me put it that way.
I'm sure someone tweeted out the other day,
he's done like half a million on it.
What?
Or something stupid.
I'm sure it was tweeted out,
and then he was tagged,
tagged in the comments.
I'm not,
I'm not saying anything,
but the guy's,
Yeah,
there we go.
Long run on Limbo.
But how does it work?
You've got to guess the multiplier,
what it's going to be above.
Yeah, you just pick a number, and if it's above that number, you win.
Some broken-ass RTP on that, and I cannot win for shit on it.
It's killing me.
It's killing me.
Very selective RTP.
To be clear, he's playing at the highest max variance.
Oh, yeah, he is.
So you tend to get that sort of stuff.
Please turn on Return to Play, Amanda.
Yeah.
All right, let's spin two.
Let's go.
Go, go, go, go, go.
All right, NFT4Live.
There you go.
What a username.
Let's go nft4life so we have a little issue with this don't worry yeah i'll get we did it yesterday
but you can figure out who it is behind the scenes right bts we can we can can I think he's here people are tagging him already quick
he's here he's here let's go
yep and then second
person will be
let's go
I love that he's here
Dog Trader
let's go
woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo woo Bob Trader! Let's go! Woo!
Let me speak to Ty who the kick is for the second one.
Oh, Bob Trader 24.
So we'll go with them for now.
They're both here.
Alright, so let's do one risky click
and one lamb chop.
Let's start one risky click and one lamb chop. Let's start with risky click.
Is NFT for life in the chat?
Do you guys see him?
I saw somebody with that username.
So I'm going to say so.
Yes, NFT for life.
There we go.
All right, NFT for life.
Congratulations.
First of all, you made $500 already.
So you're already up 500 bucks second of all i can't see the chat guys because i'm on full screen here but entity for life pick a multiplier you have two chances just let me know when you
guys see him is he giving us a multiplier? He's looking now.
I like the noise.
Can you hear it?
I can.
It might be coming through the phone, though,
and not on.
Because of this new browser.
What did he pick?
Or should we pick for him?
He hasn't.
Oh, three.
All right.
And come on.
Yes, yes, yes yes yes yes yes
alright go again
NFT for life
that was a tough board
terrible board
I actually thought he was picking the third square
but that would have rugged too
alright he would have lost anywhere
that dude
it's done another 100 subs again
no way just done it now in the chat He would have lost anywhere. What? That dude, that dude who, it's done another hundred subs again.
No way.
Who?
Just done it now in the chat.
AI ref,
let's go.
That's 200 subs. Let's fucking go.
That's a grand one.
Did you see his palm trade?
Yeah,
I saw his palm trade.
AI ref,
let's go.
Let's 200.
we should,
cause we're,
we decided with Sims, we talked about this yesterday, one on one, that we're Let's 200. Yo, we should. Because we're. Damn.
We decided with Sims.
We talked about this yesterday one on one that we're going to do a sub giveaway every Friday.
So, you know, 200 subs.
How many subs do we have?
That's awesome.
Holy shit.
We are at 155.
Yo, thank you.
What the fuck?
Yo, appreciate that, AI ref.
Thank you so much appreciate you man damn
he must have had a good trade on this call or something
I don't know NFC for life pick 1.5x
alright
alright
alright
also just to confirm
I have spoken to the dev in the back the names are correct okay perfect Okay, same. All right. All right. Also, just to confirm,
I have spoken to the dev in the back.
The names are correct.
Okay, perfect. I do match up for the kicks.
So NFT4Life,
you can either catch that 375 here
or pick another multiplier.
Make sure you pick a multiplier
and not a number,
just so I don't make a mistake
and you pick the wrong thing.
Pick a multiplier,
Mr. NFT4Life.
Let's run it.
He's still going with these subs.
That's another five.
He's still just buying people's subs.
Dude, appreciate you down.
Wait, the other one was Arby who won the thing he won last week.
NFT for life says cash out.
He said cash out?
All right.
That's what it said.
Cash out.
Congratulations.
You made $875 on today's show.
Let's see that board.
Oh, that was a terrible, horrible board again.
Good cash out. Good cash out.. Let's see that board. Oh, that was a terrible, horrible board again. Good cash out.
Good cash out.
That is a nasty looking board.
Jesus.
All right.
Let's take, who's the second winner again?
Dob Trader?
Dob Trader.
Wrong one.
Let's take him to the lamb shop.
Oh, yeah.
Let's do it.
Those were two horrible boards.
I think it's tracks.
Did you guys see the board I got last time?
Every single one was green.
All right.
Well, congratulations already to Dob Trader.
To the tracks.
Dob Trader, is he here?
Yeah, he's here.
We need to know what level you want to play on and then how you want to play on.
Yeah, level and just give us right away where you want to go.
The subs just updated.
It's 261 subs.
Thank you, guys.
Thank you, guys.
Really appreciate you guys.
Thank you, Parallel. I appreciate you.
Thank you, AI Bri,
everybody, for supporting us.
It means a lot. Is Dobtrider here?
If not, we play for him.
Let's go to the Trax team, he's just said.
Trax? On easy? Trax. Let's go.
Let me go full screen.
Let's go.
I'm ready to click fast.
Oh, yeah, yeah, yeah, yeah, yeah, yeah, yeah, yeah.
Yes, yes, yes.
Bang.
Come on.
Dopp Trader, this one's going to the barn.
To the barn.
To the barn.
Instantly cash out.
Bang.
Straight away.
What do you think?
I always go the first one.
Hold on.
Top trader.
Is this your final decision?
Top trader.
I'm looking to the camera.
It's a nice.
What's that?
It's 652.
That's not bad.
It's almost 2X.
Two and a half.
All right.
What do you want to do?
I can cash it out. It's fine. Here's not bad. That's almost 2x. Two and a half. Alright, what do you want to do? I can cash it out. It's fine.
He has another run.
What's this called?
Stop training. Stop training to cash out, please, and thank you.
I don't see it. Yeah, is that what he said?
I don't see anything. I'm saying to the barn,
my friend.
Let's cash him out, but the next one...
Manda needs to win again.
I think this one's going to the barn. Let's cash it out.
That's it, guys.
Oh, good.
Whoa.
How much is that selling?
$6.52.
Plus it's $500.
So it's already at $1,150.
So we're already giving out $2,000.
$1,150.
He's got to go to the bar.
All right.
This time, DubTrader, what difficulty
and where are you going?
I guess the chess is not updating.
It's okay. Can you not see it on the screen? I can't see. The chess is not updating. It's okay.
Can you not see it on the screen as well?
No, the screen one is not updating either.
But I do see it.
I like it.
I'll leave it with you so I can full screen it.
All right, Dob.
Damn.
To the gym.
Have a good day.
Cheers again for the subs.
That's wild.
Appreciate you.
All right, where is he at?
Dob Trader.
To the barn, he said.
But I didn't see. What difficulty do you want?
What difficulty? What difficulty? To the barn. I like that.
Okay, honestly, that's fair. I like that.
Made his grand.
I'd go on easy if he's saying to the barn.
That's the best shot, right? Surely.
All right. Come on.
Is that what he wants?
Is he not typing? That's what he wants?
Easy. Yeah. Yep. Easy. Go for it. Go for it. Go for it. Come on. Is that what he wants? Is he not typing? That's what he wants? Easy. Yeah.
Go for it. Go for it.
Come on.
Come on.
Yes! Yes!
Yes!
Go! Go! Chase it! Chase it!
Chase it! Chase it!
No! No! No!
You ruined it.
That was good.
That was good. Mando had to switch to the RTP. He was like, That was good.
Mando had to switch to the RTP.
He was like, fuck these guys.
We're giving...
I just gave the signal.
Thank you for the standing.
Anyway, that was a lot of fun.
Well, look, tomorrow we'll pick one sub
and then we'll pick someone else also, like usual. With that, that was a lot of fun. Well, look, tomorrow we'll pick one sub, and then we'll pick someone else also, like usual.
With that, with that, with that,
we'll talk tomorrow morning.
10am Eastern, signing time for the episode
from our OnRug Radio.
Let's go. Thank you. so
