Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
FOMO HOUR: Stocks 📈 Crypto 📉
Recorded: Dec. 5, 2025 Duration: 0:26:07Space Recording
Short Summary
In a lively discussion, crypto enthusiasts explored the latest trends in Bitcoin adoption, including Larry Fink's insights on institutional investments, the launch of new DeFi projects, and the implications of upcoming stock listings in the crypto space. Despite recent price declines, the overall sentiment points towards a growing institutional interest in Bitcoin and innovative projects.
Full Transcription
Thank you. 으 아 으
으 으 so gm everyone and welcome to another episode of FOMO Hour.
Today is Friday, December 5th, 2025.
Folks, Larry Fink, he says the sovereign wealth funds are buying Bitcoin.
I guess they're not buying enough, at least today, because Bitcoin keeps dipping.
We lost 90K briefly just before the show.
Are we going to have another Black Friday?
We're going to talk about it on today's stream. I'm your host, Tyler D. Farouk may be joining us.
He's in the back of an Uber right now. We'll see if he's able to make it. What are we talking about
on today's show? It might be a little bit of a freaky Friday so far. Okay, we're rebounding.
Bitcoin back up 90,600.
So, all right.
Maybe that was, in fact, the bottom.
We've had a little 10 a.m. reversal going on here.
So, we're going to talk markets.
We're going to talk price action.
We're going to check in on this synthetics competition, which I am not doing that well in.
So, we're going to go through some of my trades.
I'm thinking about the weekend and some big updates from that well. So we're going to go through some of my trades. I'm thinking about the weekend and some big updates from that team. We're going to talk January rate cuts already being priced in.
So Bank of America is talking about the latest in stocks, Netflix, sovereign wealth funds buying
this new ETF report, talking about the basis trade unwinding some news at of pump fund some retention data that actually looks pretty positive
the latest in prediction market news and more um it looks like froke may be joining us here shortly
he's stood in the back of the studio so we may have a guest come on so stay tuned for that uh
before we jump in i do want to give a shout out to our partners. First up,
EigenCloud. Built on Eigenlayer security, extends crypto grade verifiability to any
application from AI agents to prediction markets to on-chain games. Build anything, verify
everything. And Wallet Connect powers billions of monthly volume across wallets, apps, users,
and institutions. That blue logo, it's everywhere. And I kind of trust in crypto as recognizable as Visa at the checkout.
If you want to learn more, follow at Wallet Connect on X and Telegram
to stay ahead of what's next.
All right.
Looks like we got him live from the back of an Uber.
Faroaks in the house.
GM, how you doing?
Can you hear me well?
We can hear you okay
okay yeah i'm in the back of a car right now um i was in uh i had to drive so i interviewed tom
lee this morning at like 9 a.m and then from there directly drove to abu dhabi for an hour and a half
for the bnb hackathon i was a mentor for. Also met the co-CEO of Binance,
Yi, which is super cool.
And then from there,
Gate hit me up and they're like,
come to the Red Bull paddock.
We got you a ticket for the F1.
So head to the F1.
And from there,
I'm on the back of a car headed back to Dubai
for an hour and a half so I can have drinks
with Tom Lee.
We're doing the most today.
What a run.
What a run indeed.
How is the Tom Lee come by?
We don't need to give any spoilers because I know it's going to be posted here maybe in a few days.
But how are the vibes from Tom?
It was great.
I mean, Tom, he's one of us he's like you and i right
you'll see him he's also going to come on the show at some point uh we talked about that today
but he's a pervable you know and he's been one for like 30 years right so he's uh it was a great
conversation because we started off on like his history at wharton jp morgan stuff that he doesn't talk about usually
it's always about the same shit right um we kept that conversation to a minimum the end and then
ethereum the market listen tomley's very bullish into 2021 uh into 2026 sorry very bullish so
excited to publish this it's a really really good conversation Well we pray he is
He's right and he is our
A true permable
That can't be denied
How's Dubai been?
We talked
We talked Bitcoin
We talked potential
Flippening of Bitcoin
It was a crazy conversation
It was a good one.
And he's so calm and composed.
You would love it.
Dubai's great, man.
I mean, I have to say,
you guys know I'm not the biggest fan usually,
but the Binance Boxing Week
has really been one everyone's had.
There's been a lot of chats,
a lot of big founders.
So it's been very good for Myriad, right?
We had a few announcements this week we
had the myriad pools go live yesterday well the announcement of it so it's been uh it's been a
good week very happy i made it out here but ready to go home now and when are you going home
uh this weekend all right god willing you heard it here first i was supposed to go home today
i extended to be your mentor for the hackathon.
Yeah.
Couldn't say no, right?
When I asked you to stay back for this, you kind of say yes.
And so I'm going home this weekend.
And hopefully that was the last one for the year because your boy's tired.
I understandably so after hearing your hour-by-hour breakdown of today.
But it seems like it has been a fruitful trip.
So happy you made it out there.
We'll be excited to have you back at the desk next week as well.
I'm going to take us into the market report.
Again, do my best Mando impression.
And, folks, looks like we bottomed it.
We're back 91.3 after going sub 90 briefly before the market opened here today.
So nice little bounce on the U.S. open.
Bitcoin 91.3.
ETH 31.50 down half a percent on the day.
So basically not changed.
ETH is still green on the week, actually, up 2.5%.
Solana is down the most, down four percent at 137, much to the chagrin of
my synthetics trades, which we'll get to in a bit. What was surprising to me about the crypto
sell-off this morning was that stocks are green. So for the most part, stocks have been pretty
strong. So this was a local crypto sell-off. But of course, now with the bounce back, it's not really looking that bad.
From macro news, the biggest news, I think, in TradFi or in traditional stocks was how Netflix, Netflix is going to buy Warner Brothers for $72 billion.
That's crazy.
Netflix stock did dip about 5%, I believe, on that deal. It's Netflix.
I actually don't know if they're ticker.
All right.
Oh, looks like it's rebounding.
So yeah, they're back to even after a sharp sell-off.
Wow.
So the market actually seems to be liking that news.
So big news out of Netflix there.
An interesting headline from Bank ofica is they're already looking forward
to the january fomc so december no longer the the most important fomc of our lives because it's
already 95 chance to cut the rate bank of america says we think they might cut again in january
uh so whoa wait what's the tme at right now the the odds yeah let's take a look so december
because i saw some news this morning 87 percent your your did you hold your prediction i sold at
90 okay 90 percent yeah what a trade so that was a nice little 3x um i still think it's going to
happen but again you never know so i think when you to 90%, it's just worth selling from a turn.
It'll get priced in again, you know, because we were priced out.
And now we may slowly get priced in again here.
Well, here's the thing.
Now the cut is priced in to markets.
So if it doesn't happen, we're probably going to sell off a bit.
But now Bank of America is starting to look ahead to January. So January is currently 65%, one cut, 25% at two.
So I think it's a 25% chance we're going to get cut cut.
And Bank of America is saying they actually think that's perhaps a little low.
So already starting to look at January.
It feels like a lot kind of given how Powell's commentary has been.
So we'll see what he actually says next week.
Don't want to get too far ahead of ourselves here.
But I thought that was pretty interesting.
And we've got Trump talking about tiny cars.
I've just approved tiny cars to be built in America.
We're going to have the tiniest cars.
We already have plenty of big cars.
We're going to have the tiniest cars built in the U.S.
I actually don't know anything about this.
I just thought it was a pretty hilarious timeline or headline here that we're just going to have tiny cars.
They're going to need less gas.
They can be electric.
They can be hybrid.
We're going to start building them.
So this is a new initiative. What is tiny cars? need less gas they can be electric they can be hybrid we're going to start building them so this
is a new initiative what is tiny cars i don't think any of us know what the definition of tiny
cars is i'm actually not a fan of tiny cars they seem very dangerous so he wants u.s car makers to
make a tiny car tiny cars tiny cars apparently he returned returned from Japan to talk about that. Okay, interesting.
There's a lot of those in Europe.
If it's what I think it is, it's really small.
It's like one-seaters.
Yeah, they're super small.
And if you haven't seen Americans, the average American is larger than the average European.
They're also larger than the average Japanese person as well.
Something to do with our diets over here.
So I think we have to be careful going too tiny
with our cars. But Trump leaning in himself. Some of the other macroeconomics, we talked about this
a little bit yesterday. I'm not sure if you saw this one with how busy you've been for Oak,
but Larry Fink says the sovereign wealth funds are buying on stage with brian armstrong at dealbook
summit he said he knows some sovereign wealth funds they are buying the top at 125 they're
buying at 100k they're buying to dip into the 80s and they're still buying now um so that was
an interesting first-hand account from one of the most powerful i mean tom tom's saying the same
thing like tom told me word for word he said as much as I hate to say it, you know, I'm paraphrasing.
So you'll hear it live.
And the something online is like.
I don't mind.
He's like, you're giving it to me.
He said they've accelerated the rate at which they're buying ETH on the dip
since 2700.
So he he's like licking his lips, dude. he's doing this they're thinking the same that's very interesting right and ETH
has outperformed relatively to other majors and I've been curious how much of that has been
Tom and Bitminer's buying right so I believe his average was closer to 4k so any any substantial
amount of ETH he can buy at 3k or below is huge to reduce his average so I to 4k so any any substantial amount of ethe can buy at 3k or below
is huge to reduce his average so i mean he has to shove in if he can um especially if he thinks that
the the bottom is in because now is the the time to buy so i think we're going to continue to watch
some folks have been talking about eth bitcoin breaking out i don't think we've quite had the
breakout move just yet it's kind of on the line line. Let's just take a look at Bitcoin. What does it look like? Pull up training view here
shortly. All right. Zoom out. Okay. So yeah, here's the trend line. Pretty much down only
since October 23rd, but it looks like it might be,
might be breaking out a little bit.
So that's going to be an important trend to watch.
I mean,
many are still,
you know,
fingers crossed,
holding their breath,
calling for a Hail Mary alt season to come.
And they're,
they're watching this chart pretty closely for indicators of if,
and when that might indeed start.
I think another interesting macro story
that I haven't seen a whole lot of folks talk about,
it is an interesting one.
Coinbase or CoinDesk reported on this.
The research was actually done by Amber Data,
but effectively what they're saying
is that the big dip that we saw a couple of weeks ago
was not actually large spot sellers,
but it was unwinding the basis trade.
So the data that they have basically shows,
and they analyzed the large ETF positions
and how holdings changed over the course of that time period.
They're basically saying that these funds were,
they were running the Delta neutral trade
where they were, you know, short, uh, short Bitcoin long, I bet effectively. And they were
trying to capture the spread on that trade and effectively the spread condensed and they started
exiting that Delta neutral trade and the way that they exited effectively led to the Bitcoin drawdown,
but not a large drawdown in the actual spot holdings of the ETF.
So I'm not doing the best job paraphrasing that,
but I thought that was an interesting,
anecdotes are the wrong word because there's actual data to back this up,
but interesting rationale, I guess, to, to describe this,
this latest dip that did catch a lot of us off guard.
Didn't seem to really have any real natural or fundamental driver behind it.
Other than four year cycle sell off.
And we were all kind of scratching our heads.
And this is a fairly rational reason for,
for why this indeed may have happened.
So there's more forces at play than just the ETFs.
But I did think that was an interesting data point here from Amber Data.
So I encourage folks to go take a look at that if you're interested
and dig in more.
Let's go to synthetics.
Farouk, you're probably doing all right i don't know
if you made a trade yet if you haven't then you're still you know me i'm gonna come in hot dude i'm
gonna fly this weekend i'm gonna put some trade next week on the show every single day i'm putting
on a trade live and it's gonna be fun and i going to open my crates with infinite X, but how are you doing?
Well, I'm not doing so hot. So I was, I was doing well.
I had a nice little 50 X so long on, but I didn't close it. I was up 25 K.
I was like top 20 in the comp. I left it open too long.
It ended up turning into a net loss. So I'm, I'm down now. Let's see.
Where am I? Oh God, I'm in two 34th. I've got 10 K left.
Now, part of the reason I did go more aggressive because they put it in the trading comp group
chat. We're going to get topped up again. I think we're going to get another 50 K
margin. So they're, they're refilling everyone. So because of that, I took a few extra shots that I necessarily may not have taken.
And those shots did not go well, as you can see.
And I hate to admit, I've been back and forth on Bitcoin.
I'm actually short right now from 90K, so I'm about to get blown out.
So I've been struggling. I was in the Zeke trade briefly.
I just haven't held on to it.
That seems like it was actually one of the better trades.
Fartcoin has been honestly one of the better trades
if you caught it off the bottom.
It was around $0.32,
wicked all the way up into the $0.37.
So maybe you would have cooked on that
if you were at the desk.
It's going to be a tougher one to win.
No one's out to a massively, but Loopify is in first.
He's got 230K.
So he's 4.5X the account.
Cosmix in second, 215KBM.
167, he's in third.
The top-up is going to be kind of a game-changer.
So when that happens, I'm expecting more jostling on the leaderboard.
But it's really been these three kind of holding up top for the last few days.
We did get a couple big announcements out of Synthex.
I want to go through these.
So one, they announced teams.
So you can effectively join the team of your favorite trader. So if you think KBM is going to win, you can join his team and capture a part of his winnings.
So the way you do it, you need to deposit USDT.
And there's like a time-weighted system on it that the longer you have capital locked up, the more weight you have for that person's team.
a little locked up, the more weight you have for that person's team. And then there's this bonus
draw where you can get entries into the trading competition yourself. And then if your person
wins, you get a stake of their 500K Essex prize pool. So kind of a fun little twist for those who,
if you're actively watching this S&X, this Synth this synthetics comp for you to have a little
bit of skin in the game without putting up a ton of money so i thought that was a fun one and uh
they introduced wick insurance which this is bigger than just the trading comp i think this
is for synthetics overall but the idea is to help your positions survive those like scam wicks,
which has, I've actually had that.
I've been able to survive.
I got a position on Camino that survived some of those crazy scams because of
the way Camino is structured. So these things are meaningful, right?
And we saw 1010, everyone who got wiped out on those crazy wicks,
things like wick insurance can help protect those positions.
And we are partnering with Synthex.
I have to be clear about that.
But I will say I have enjoyed the trading experience on Synthex.
It's a lot of fun.
It is fun.
It's fast.
They got some work to do.
I may be sorry. I may have a little lag.
My bad.
I'm on a spot here.
It's a good platform.
They always have a little work to do
because it's beta.
It's kind of like people are using it.
They can lay more people on here and there.
But it's a great platform.
And I've had so much fun last one.
And I can't wait to get back to training on it. But they're doing good. And I'm glad we're doing this with them because it's a great platform. And I've had so much fun last one, and I can't wait to get back to training on it.
But they're doing good,
and I'm glad we're doing this with them
because it's a lot of fun.
I'm curious what trades Tom Lee put in your ear
and you're going to put on
when you're back at the desk next week.
And for one, because I need tips
because I'm clearly not doing that well.
Sad.
Sad to see it,
especially because I was... Man, I hate crying over spilled milk, but I was in top 20 right there.
Could have just gone flat, but decided to press the lock.
And I let my boys always come back.
You can always come back.
I let my bullish vibes take over.
And I guess it's kind of zoomed out.
I am a little surprised. I mean, even a lot of the quants and TA folks out there,
I come in kind of pulling back and talking about Bitcoin near term price action a little bit,
kind of thought we were positioned to march up to 100K or so over the next couple of weeks,
not in a straight line by any means. And a lot of the folks I saw had like the imaginary line drawn at like 91.5 and
said they needed to see 91.5 hold. And if we did below that, we could be at risk of retracing the
move. So that's actually part of the reason why I flipped short for the trading comp and on the
hyperlocal basis. So we'll see. I mean, if we do sell off here, and I think we want to try to
hold above 87,
88 or so.
I have to say,
the way I played the comp
last time is not listening to
CT. Smart.
I have to tell you this secret.
I don't
trade based on
the CT lines. Because you actually have a good gut based on the CT lines
because you actually have a good gut feeling
on the way up.
Don't short.
You're like me.
We're really bad shorters because we're too bullish,
but your gut's usually right on those longs,
like that deck long.
You had it.
Like me, right?
I would have had over a million in that trading comp
last time I had kept that deck long,
but I cut it.
It's the same thing.
Like, we got to find the right long, you know?
Just got to find it and hold it is the other problem here.
My Zeke chart is fairly schizophrenic.
I've been in and out a few different times on this one. But I still like this.
This is probably one of the.
Are you going to win the comp trading Bitcoin?
Probably not, right?
You got to take shots down the field a little bit on the assets that can move,
you know, 10 to 20% in a day and nail those candles.
So I think Zeke has got to be one of the leading candidates.
I was hoping maybe Sol was as well,
but it's not looking like it's going to be the top dog.
So an interesting one is hype, actually.
So hype's now 7% down.
It was at 34.35.
So if you catch a hype candle,
you got a 10% trade perhaps up on that.
So that would be one to maybe add to the list.
But I'm sure we'll go through it in more detail next week when you are back
at the desk,
continue to run through some of the other headlines from the day.
Let's see.
Jack Mahler's 21 capital is,
or just 21.
Yeah.
21 capital is set to have their stock trading on NYSE next week under XXI.
Their merger with the Cantor Equity Partners tied to Howard Lutnick
is, it looks like that is closing.
This is notable because I kind of forgot about this.
We hadn't been talking about 21 Cap for a while,
but they're going to be the third largest debt in the world.
And the second largest Bitcoin debt. So they're launching with 4 billion in Bitcoin.
They've got 43,500, which is 50% more than the next up, it looks like.
So they're going to be a substantial player out of the gate.
So that's going to be an interesting new stock to watch next week.
And they're launching at a very interesting time
with the debt trade somewhat largely unwinding,
a lot of concerns about micro strategy and
micro strategy stock and sailor,
maybe not doing himself any,
any favors this morning.
This was an interesting one.
I've already seen a bit of a back and forth in the timeline about this,
but Taylor basically coming out and saying he thinks Bitcoin shouldn't have privacy, at least not Zcash style.
That will allow nation states to shut it down.
So the privacy crew has kind of come up in arms against this one.
I think there's lots of weird thing to say.
Did he really say that?
Is that paraphrasing or did he literally say that?
You know, I think we'll need to go through the whole context of this.
I mean, this is in quotes.
So I do think he said it.
I can kind of see where Saylor's coming from.
So for one, you can hold Bitcoin fairly privately.
There's ways to do it, right?
You create wallets.
You figure out how to bridge capital into those wallets, and they're fairly anonymous.
Of course, you know, with sophisticated tracking, going down that route, like that you can perhaps get to someone, the top sleuths in the world.
in the world, but for the day to day person, you can operate fairly anonymously.
But for a day-to-day person, you can operate fairly anonymously.
I think I, I, what he's saying, I mean, he's basically saying he thinks Zcash
is going to get shut down for it.
It's the way it hides the, it's privacy features.
It's core privacy features effectively is why he thinks it'll get shut down.
And I don't know.
I think that is a risk as he cashed, right?
It's probably a reason why Zcash is.
