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FOMO HOUR: SOL ETFs, M2 📈and Crypto Rally Continues
Recorded: June 11, 2025 Duration: 0:15:28Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the impact of a recent China trade deal on altcoin movements, the anticipated approval of Solana and Ethereum staking ETFs, and the significant uptick in trading volumes, signaling a potential growth phase in the market.
Full Transcription
Thank you. GM, GM, everyone.
Thank you for joining us here this morning.
We're going to start the show here in just a minute.
We're still getting our speakers up on stage while we wait.
A couple shout-outs.
Metapunk, Medex, GM, CJ here at Krishna, the homie always here.
GM, GM, Musky, Easy, Polywave, Bass Gus.
All right.
GM, GM.
Who else we got?
NFC Doodoo, Rack, Inoa, Tashish, Kazi, Kaze, GM, Cookie.
A lot of Rack guys out there today.
Love the Rack guys.
How about that Rack all-time high?
It seems like every day we're getting one of those.
All right, Sims, whenever you're ready, let's kick it. Thank you. Good morning.
Good morning.
Good morning.
Good morning.
Good morning.
Good morning.
Good morning. Good morning. Good morning. Good morning. Good morning.
Good morning.
Good morning.
And welcome to another episode of FOMO Hour.
Today.
Today is Wednesday.
June 11th, 2025.
Another electric morning, June, or the lovely summer of risk, as our good friend OSF has coined it.
China trade deal came in under a lot of our coins are moving this morning.
And the question, is it finally time for alts like soul and e to shine
we're gonna break it all down on today's show no faro he's traveling back from
paris we got mando in the house we got stats in the house
logan as well boys gm mando how you doing
man how are you i'm good exciting and fast-paced morning the news has been
coming in fast here today you love to see it we got stats back and so mark has to come back
how you doing what's up boys how you doing doing very good girls in the audience not
just boys around here we We have a handful.
So shout out to the ladies every morning.
Thank you for joining us.
And we've got Logan on as well.
Logan, Jim, how you doing?
Morning.
Doing well.
Sunshine.
Beautiful markets.
Looking good.
Feeling good.
All right.
Well, let's get into it.
No one's making too much small talk here this morning.
There's too much to dive into.
I'm on CPI.
Recession odds down to 20.
The calls for that recession seem to have been greatly overblown.
We're going to talk about the ETH trade.
We talked about the ETH trade for like 30 minutes yesterday, but I also want to get stats depending on this as a longer term ETH holder and bull.
So we'll talk about that.
The sole stake in ETFs, arguably the biggest
news of the day. The sole ETFs
likely come in the next three to five weeks.
Hype, actively hitting another
all-time high. We got the first tau
corporate treasury
back.
Maraude fully back as his
downstream coins are even catching a bit.
We got another big Kaido airdrop and a little bit of a major
up from virtuals on ETH, a hiccup in there.
So we'll talk about that plus a lot more.
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We love our partners as always.
And if you're ready, let's get into it.
Who is the man, macro daddy of the land? Hey guys, so yeah, we did have a little bit of a volatile morning, let's say.
With CPI, CPIX, it's probably one of the more followed inflation indices,
and it came in slightly below expectations,
kind of what I said yesterday,
or at least it wouldn't be as bad as people thought it would be.
We've seen a bit of a rally on the back of it yesterday.
Yesterday, it was wrong for macro,
and particularly some of the L1s. But today we've seen most of those hold on
to their gains. ETH is a multi-week trend there for ETH, so it's a relatively good sign we were kind of in that trends say merely may salama is also creeping
back up we can get into like specific news on that that's that's kind of been the biggest out
of our 166 and then hype obviously at 43 so good movement in a number of the different
a i don't think cpi like't think it's like some crazy change.
It has been a few more...
You know, the Fed chair.
It's pretty difficult for the president to do that.
I'd be very surprised if Jerome Powell did leave,
but there was a...
Yesterday, which was...
I think is, yeah, relatively surprising still,
but let's see where that heads.
We saw some retraction of the comments from Trump and Elon,
but they're making up, it feels like, in the comments at least.
So it feels like whatever worry people had around that is seemingly coming away.
Specific stuff, I would say the main thing is what we've been flagging for a bit here,
that staking ETFs could be around the corner.
And we saw more concrete examples of ours in that the S1 applications for the Solana
ETFs were asked to be resubmitted, all showing how they would do staking.
Now, the ETH ones, I think there's a number of them already submitted and we'll see how they go
in the next month. But we're in a way here where we could see ETH for staking and Solana ETFs
approved within the next few months. There's definitely a path here for that and we saw
Solana react positively off the back of that. We saw a number of other l1s also react positively ones with staking in particular big like let's say major
meme coins have a decent day farpoint up to 1.4 it's continued its move you've seen spx move all
the way up to about 1.5 billion dollars which is a very... And yeah, just generally feels as though risk-taking
is kind of back on in that bit of the market.
I would say that the hype move is in the context of DeFi
also having a very good period here.
We've again seen Uni, Hype, and Aave all have very good days.
These seem to be the three most loved coins.
And it's, yeah, it's been a good week for those.
So decent, decent across the board for a lot of risk stuff.
But I would say that the number one, though, is that staking ETFs are coming.
And that's enough of a narrative to push ETH and S&P on a higher.
We actually have volume to pass
Bitcoin for the first time in many,
many months
yesterday. So it is a sign
that it is picking up
in terms of activity.
Big news. A lot of
directions we can go.
Maybe we pull
back and talk some of the macro news
a bit.
Let me just jump in real quick. Maybe we pull back and talk some of the macro news a bit. So we touched on...
Let me just jump in real quick.
Is that Powell's terms over in 11 months.
So the question right now is who's he going to get replaced with?
I don't...
Discussion of Trump removing Powell.
The big question right now of who's you,
who's you going to replace him with?
Cause regardless what happens in Powell with Powell in 11 months,
we're going to get the most Trump friendly to the planet.
And I think that that's the,
I think that's what the conversation was.
And I almost think markets are like at some level,
like you start pricing stuff in advance,
but whoever's coming in wants them to do it,
which will likely mean extreme dumbishness.
Yeah.
And more percent.
So I think people,
some people are just kind of running with those headlines a bit.
Stats, I'm curious, Elon,
we were chatting about it in some of the group chats
last week now i mean elon not only has he deleted the tweets basically apologized
i mean i tweeted about this at the time like nothing was saved served him in any way
like he gets into these modes and if you Elon sometimes. Sometimes I mute him. Sometimes
because if you don't mute him, you see every tweet he posts. But I've...
I personally, some people disagree. I personally think he's drugged up on something and he's angry
about something. And he tweets 20 times an hour, which as someone who times an hour is very hard to do.
Like I tweet a lot.
I tweet a lot when I'm buzzed out on caffeine or whatever.
I mean, I don't do really drugs that are harder than that.
But like, but even just coffee, I start ranting sometimes.
And he was in the same mode earlier on when they were talking about the visas that they were giving to people from India and other places.
That became. He was the same way.
I mean, he just goes on his rants.
And he got into one against President Trump.
And I don't think he was checking himself.
And, of course, you come down and you kind of get back to your normal self.
And these people are very volatile humans.
I say, wait, that was probably pretty dumb.
And then on top of that, Trump's someone who he's aligned with on a lot of stuff.
So I'm not surprised here.
I don't like – I don't know what he was doing.
And I tweeted at the time.
What he was doing did not serve him or his companies in any way, shape, or form.
And it's still – you're not.
When you show that in a little way, I don't think you're ever back on the island.
show that way. I don't think you're ever back on the island.
Yeah.
tweet 20 times an hour,
but he's Jerry, his own social
media platform to make sure that all of his posts
are by far the most amplified
on the platform.
I mean,
whittling down his support,
like now everybody's got something to dislike
about the guy on both sides
of the spectrum, but the political
spectrum, but you can't, I mean, whatever.
Things and suddenly say, sorry, and then get back on the island.
That's not how, that's not how strong-minded people work.
Tesla stock already totally rebounded.
So they shook off the, the, the fight FUD.
Do you think Trump is going to hold a grudge here or do you think he they're going to
make peace i think that he's good i think that you like i like i don't think he's just going to be
go back to being entirely uh you know entirely subservient i think he's going to get pissed
about other stuff in the future. He's a very Thank you. Thank you. .
