Can you just pump these fucking puppets
I'm trying to get out of that position
So I need these things to pump more than like
1% before they dump 10% every day.
We're just getting started.
Kick it, baby. Thank you. Yo, yo, yo, yo, yo, what up, what up, good morning, Good morning, GM. GM.
Look at that. Another beautiful day to have a beautiful day.
I got my co-host in the house, Tyler.
Mando, good morning, lads.
Good morning. Good morning. How's he doing today?
I'm doing great. I had a big 24 hours.
Right around the FOMT world yesterday.
Fuck. That's good. That is really good.
I had an okay 24 hours. I didn't make money.
What were you doing? If you don't mind me asking.
Mog and I bought a lot of far coin at opportune times.
Then they had a very big move overnight.
yeah it's the coins are looking good mando the coins are looking good and if you bought mog when
we talked about this whole mog act thing on the show like 48 hours ago you're up a lot like
we're talking about i have so the majority of the mog just now or i mean it's a good trade right
because but you're trading perps, right?
So obviously you take that off because you're not trading spots,
I mean, I still have some.
I had a wallet that was like
kind of like my whatever wallet,
with like Rekt and Mog in it
I was like, wow, it's so fucking low.
I'll just whatever. And it's back to being like a significant wallet. And i was like wow it's so fucking low i'll just whatever and it's back
to being like a significant wallet and i was like fuck yes you know you know those walls like ah
like when rec went to what 15 mil and mug went to like 150 mil so that wallet was like i was like
whatever like fuck it and now it's back to being a multiple six-figure wallet i'm like fuck yes
so it feels listen I am still
fucking dumping wrecked on your head and he's building like a dog you know i mean so it's like
it's just like it's just one of those things where it feels nice and you can trust the process
you know so anyways i'm sure we'll talk about all this uh we'll talk markets guys obviously
we kind of came in hot though we'll talk markets for sure because you know bitcoin nearly kissed
a hundred thousand dollars today or I could say kissed it.
And I don't know, maybe on some exchanges.
So I'd love to see that post FOMC.
We got a trade deal being announced at the moment with the highly respected country of the United Kingdom.
I did not know that highly respected UK could end up in the same sentence in 2025.
So it seems like that's what it is.
But Donald Trump or number one KOL is speaking as we speak.
So we'll be covering that as, as the news come out.
I don't think he's speaking yet or else my phone will be blowing up with Walter
Bloomberg notifications, but I'm assuming that, uh, uh, that it's, uh, it's going
to happen while we're on the show.
So we will keep you guys posted.
If you're tuning in, we have Tyler's top 100.
I'm sure Tyler has a lot to talk about.
Yeet giveaway as well at the end of the show.
Yesterday, the winner made $1,325, $1,375.
Made some good money on Risky Click.
We'll do Lamb Chop later today, maybe,
or something like that, depending on the time.
And then last but not least,
we have a guest coming on today, Jess.
Jess from Wallet Connect is coming on.
As you all know, this show is powered by Wallet Connect.
And Jess is going to come talk to us about some fun shit today on the show.
She's a – I saw a Portuguese flag in her bio.
So, you know, it makes it even one step closer.
As you can see, there's boxes behind me.
Mando, this is happening for real.
Yeah, this – my office is – I mean, I zoom out for y'all later but the office is gone like yeah what once was uh is uh is no longer check this out i'm
so you haven't you still haven't seen the place you're moving into right nope i have not seen it
but vanessa has vanessa has that's all that matters right i saw the place you moved into
but my wife didn't't when we moved oh usually
I had a big night the night
and the visit was at like
you know I had a big night
I had to fly fight Dubai and everything.
I was like, ah, maybe you go.
I'm going to send you like the things to do in your first 90 days in Lisbon.
And you can just hit off each one.
I'm going to hit up the Sardine Festival.
You're there for the beginning of it.
we did it last time together
more and more people coming
we're going to have a guest
is a connectivity network
if you've connected to Web3 app you've seen Wallet Connect that blue logo it's everywhere a wallet of and I should also come in to talk more about this, but WellConnect is a connectivity network shaping the future of on-chain UX.
If you've connected to Web3 app,
you've seen WalletConnect.
That blue logo, it's everywhere.
They're in Lisbon as well.
An icon of trust in crypto is recognizable visas.
Follow WalletConnect on X
and Telegram to see our next.
the head of partnerships, who made the deal happen with us. It's based out there. So I absolutely love to learn more. Follow Wallet Connect on X and Telegram to see if we're next. It's true. Steven Dolce Maschio, the head of partnerships who made the deal happen with us,
is based out there. So I absolutely love to see that.
Dude, even Tyler's going to be based in Lisbon soon. I'm telling you, bro. It's happening.
Anyways, Mando, what's happening in this market?
Who is the man, macro daddy of the land?
It has been a pretty good weekend.
If you are a cryptocurrency enjoyer slash investor,
It did kind of actually hit it.
And then, no, it went just shy. It looks like it got to 99 99.9k and then decided
but it's not just that we've actually seen
Bitcoin dominance go down
is rallying traditionally oh no that is that is that is not
the greatest sign um often does lead to a little bit of a a retracement but um yeah bitcoin
dominance kind of was it 65 and a half yesterday and is he's now down to six, just shy of 65, 65.
let's hope the rally is sustained.
That's actually honestly the reason why I took off all my positions.
Either's rally to me. Yeah. is rallying and the Bankless guys
Tyler you know the dance no
come on dude do the dance
I don't have enough on the line
you don't want to be number one
to that number one spot you got to do stuff like this that's it you want to be number one on Ka don't want to go to that number one spot?
You've got to do stuff like this.
You want to be number one on Kaido?
You want to win a Grand Slam, Tyler?
Have you seen the dance, Mando?
I did briefly, but Heath's been doing stuff like that for a while, right?
I preferred the Gainsey crash out video.
No, I have not seen that, but I saw someone talking about it right before the show.
Like it's a crash out, but it's a good point.
I mean, Gainsey's been an ETH supporter for a long time.
So I don't think he's saying it for a point of like donkey on ETH.
I think he's just saying it from a point of as a holder.
He does a live stream at the moment.
So he crushed it on that live stream.
it's just been a good market really
I think across the board.
So Eve memes actually have been the strongest.
you've seen a decent move in Pepe.
You've seen a decent move in SBX, Bitcoin.
They all had a decent move.
And then Solana memes less strong, I would say,
but a decent move in Pengu has been the stronger one.
In terms of L1s, like I said, ETH has probably been the biggest gainer
out of the major L1s, like I said, ETH has probably been the biggest gainer out of the major L1s, the ones you would talk about.
SUI has also had a decent jump up.
A lot of talk about this, like SUI versus Soul Trade
and which one you should be in.
But yeah, SUI and ETH are probably the winners in terms of um
l1s this morning and then eth memes feels strong feels good in terms of macro yesterday
it was quite a big day so we had the fed the fed came on and if i'm honest said kind of what i
thought they would be like slightly more hawkish um wait and see mode and markets did kind of reprice for that
but um regardless we saw some strength towards the end of the day because of this talk about
trade deal if you've been listening to this show at all for the last three months um you would know
that the uk is probably the most obvious one to get a trade
deal with the US. Like UK actually has a trade surplus versus the US. Interestingly, it looks
as though CNN were reporting that the 10% tariff would stay in place. So I was very, very confused
by that. But maybe there'll be some sort of move to that being reduced after a while. But it looks like UK and US are going to do some form of a trade deal today.
I thought it was at 10am actually.
It was meant to be speaking at 10am Eastern Standard Time,
but I don't believe it happened yet.
This is a bigger deal for the UK than I think it is for the US.
And just to give some perspective on that,
the UK, there's been a lot of talk within the UK
that it needs to shift away from Europe
Because dealing with Europe,
they're just often in different planes with the UK
with respect to the general deregulation
and free markets, let's say and then much
close to the u.s the u.s when the uk was part of the eu that it was impossible for them to do a
bilateral trade deal um and the uk has been asking for a trade deal with the u.s since brexit so
since 2016 so this is a very big deal for the for the big win for the uk to suddenly have got a trade
deal um with the u US. I don't know
how sweeping it's going to be other than like, I guess we'll get to find that out right now. But
yeah, this is good for the UK in general. And you're starting to see maybe that shift in like
global power. The UK has kind of decided, right, we're going to align ourselves more with North
America. The UK also did a trade deal with India, actually, this week as well.
They haven't really done great trade deals with Europe
apart from their exit agreement.
So the UK is definitely trying to forge out its own path here a little bit.
So if you are in Britain, it is interesting.
For the US, it's not a big deal.
I don't think the UK is a major trading partner,
but it's not China, but it's not China.
And it's not one of the other.
It's not a big net importer to the US.
So it's not really going to affect the trade balance that much.
So this was an easy one to do.
The other easy one, in my opinion, to do is Australia.
They could do a deal with Australia relatively quickly.
And obviously, Australia just got new primaries to come in. Feels like they could do a deal with australia relatively quickly um and obviously australia just got a new new prime minister come in feels like they could do a deal there um i think or at least they got
the same time i have a question on that um the eu are they able to trade individually as countries
or are they going to trade as a block like could he trade with italy with whom he has a better
relationship let's say than france or does the EU come in as like a
Trade deals. It's it's it's generally a block for foreign investment deals
You can sometimes see individual deals from a country basis. So France may have a deal with got it
Some of the Gulf nations about direct investment. I know in the past
But yeah for trade deals,
they negotiate as a block.
the Trump talk with the late,
which is why deals with the EU take years.
everything that you take here,
This actually makes the Brexit look even better at this stage.
Cause now you have England able to like the UK able to like make a deal on their own.
Kind of go rogue in a way and just say whatever, we'll do.
We'll make our own deal happen.
Like you said, it's a way bigger win for the UK than it is for the US at this stage.
Yeah, I think there's been some criticism of the UK post-Brexit
that they hadn't managed to get any of these deals done.
But now they're doing it, yeah.
They look like geniuses now.
This is not good for the EU, right?
Like, it's not good for the EU,
because then you have, like,
I wonder if other countries are like,
Like, you know, we're stuck in this.
No, this doesn't look so good for the EU right now,
because if the UK is able to leave the EU
the third biggest economy in the world now
and done a bilateral trade deal
now with the biggest economy in the world and
the third biggest economy in the world
Germany with another one.
Got it. Tyler, do you want to say something?
It's a big deal for the UK. I get that.
Is this really what's pumping markets?
negative, I think, out of
I think it was fairly neutral, like the odds of a rate cut
in June are now down from 30% to 20%.
So it wouldn't have been a surprise to see markets open lower
positive news right now is pumping markets.
That's exactly what it is.
Narrative is following price here.
So like, oh, it's pumping
because of the UK trade. The UK trade deal
is not a big deal. It's not.
one for them to have done.
So I don't think markets should be
pumping on the back of this.
Because of that, I think they're pumping because global liquidity is going higher
and positioning is very bearish.
And then you make up the reason afterwards.
Can we just pull up the M2 chart?
We literally just kind of follow this.
So where do you find the chart?
I don't see screenshots of it.
You can build it up from the balance sheets of the major central banks so you but you have to have your own
script for it because like i see m2 money stock here um but yeah it's easy to copy paste that
you see on um on x if i'm honest i'm sure if I put M2. There it is. An hour ago. That was quick. Yeah, exactly.
This dude was supposed to.
the trade was kind of obvious,
I'll continue to say that.
people left and called it quits 76, I think none of you guys said that either. It's just people.
People left and called it quits 76,
And then 170K this summer.
We're going to go. If that happens,
I'm unfollowing everything
except Colin talks crypto.
I'm just going to stare at his into chart every day.
Well, this has been the Real Vision story for many years.
Speaking of that, Mando, I do want your thoughts on this.
Papi Raul is saying, I think BTC Dominus topped today.
And that was this morning at 7.53 a.m. Eastern Standard Time.
There are daily, weekly, and monthly D-Mark tops in place.
And the top is well below 2021 top.
And that was below the 2017 top.
If that plays out, it is the hallmark of the next phase of the banana zone.
Furthermore, Tyler yesterday shared a stat on the show that BTCD was at a high not seen since January 2021.
And we all know what happened after January 2021,
the NFT run, Ethereum, et cetera.
Amanda, what do you think here?
Did Bitcoin dominance stop?
Because you have been talking about Bitcoin dominance a lot.
So just to isolate the things that Raoul's been really right on,
it is that Bitcoin would follow GlobalM2.
What has generally been wrong on is that alts would follow it too, and they haven't. The idea that ETH would follow GlobalM2 has not
happened this cycle, similarly to Solana to a large extent too. And I think alts are just
a more difficult thing to call. My general view is that Bitcoin dominance is going to keep on going higher.
And that has become a view that stablecoins are now going to start replacing
some of the major L1 tokens as a major form of currency within crypto.
I think, and I've said this before,
I feel better about memes than I do about L1 tokens right now.
I feel better about owning memes than I do about owning.
I much prefer owning Pepe to ETH or Fartcoin to Sol.
I mean, even PopCat, even like Mog and Pepe to ETH
and like PopCat, Fartcoin to Sol are much better holds.
I'm not saying you have to own them in the same amounts.
Like I'm not saying you should have 60 them in the same amounts like i'm not saying
you should have 60 bitcoin 40 far coin well i shouldn't but because like i'm 50 an alt and 50
far coin right now um i like far coin i think far coins underperform a little bit here so
and i think uh the reason why i was buying it so much yesterday is because I just felt as though everyone counted it out, right?
Look, you know when we're back?
I feel like, you know at some point last year, Mando, where I was like 100% meme points?
Remember that period where you're like, wow, you're like really risk on?
I'm feeling like that again right now.
Like I feel like this is a period where I want to be all in like major memes.
Tyler, what do you think?
I mean, you're the – you're our resident, you know, generate now.
It used to be me until you came on.
Yeah, so I actually cut all of my memes that I bought in the last three weeks yesterday.
Yeah, those narratives, I don't know if they hold, right?
I didn't like that chart on House.
I didn't like it on some of the others.
It felt like maybe this little recent meta is over.
I mean, they're back today.
It looks like it was a mistake.
This is not a knock against any of these communities.
I mean, they really went off.
And some of them, it's hard to trust.
Like Mudang was up like 30%.
What's that dog we've had at right now?
Yeah, I think it just felt as though everyone was like,
oh my God, FastCoin is going to go down to like 600 million,
And I just was like, million, 700 million yesterday and I just
was like, oh, that looks like
suddenly a good risk reward to
I saw a lot of Foxcoins out there.
You know how we've just said this,
which is now my number one investment style.
It's like, you want to buy
when you know if it starts pumping, people
will be like, oh, I should have owned it.
Mog was a prime example of a coin like that, right?
Yeah, yeah, yeah, it's true.
As soon as it started pumping,
a bunch of people who own Mog throughout the whole of the bull
will be like, fuck, I've got to own this.
I've got to own this because when Mog goes, it just triples.
I've seen this since day one.
And there are times when Fart feels like oh it's dead and
there's times where it feels like um suddenly everyone doesn't believe in it and yesterday
it felt like one of those moments yeah it hit 890 i think briefly uh i saw 930 but you saw it okay
maybe on your maybe on chain yeah yeah 950 on chain i saw 930 i personally saw 938 it was definitely learned
that 930 is the lowest i saw it at but yeah no 931 on chain oh yeah yeah no no it was yeah
i had that so i was talking to ov the night before about our position and i was like we're
950 is the next level down and that was it it was It was like 930, 950.
My target here is breaking 130. And if we
can't, I'll probably take a little, I'll de-risk
a tiny bit before we can get lower.
would be a nice level to hit here, honestly.
I've got an interesting...
So actually, I bought some MOG.
Hold on. Hold on. Hold on.
I luckily bought some Mog.
It's the exact type of chart setup that I like for a longer-term meme hold.
So I missed the first move off the bottom,
but it's still significantly off all-time highs.
The narrative has shifted.
We've talked about the bull case this week, right?
It's these San Francisco tech bro culture
now mogging without even talking about the coin.
You got the mog glasses up there.
With that being said, my dilemma,
is mog going to outperform a wrecked?
In a nice little meme? Well, I do, my dilemma, is Mog going to outperform Rekt? In a nice little meme.
Well, I do, but it's still
likely to 5x than Mog here?
I feel like the answer is yes.
I wouldn't compare. And I'm a fan
of, you know, I'm obviously very close to
Ovi and close to the Mog lads. I think it's
similar. Like, I don't, I wouldn't
like, thing is, Mock has Coinbase, Rekt doesn't.
Right? Whereas Rekt could have it.
I'm not saying it's not going to, right?
Like, Mock could really well run
back to heights very fast.
But Rekt also after the sellout yesterday, which, by the
way, congratulations, they sold on 40
fucking minutes, by the way.
Who called? I won! Hey, you, run it back, run the clip back, but under an hour, 40 minutes sellout, but the way congratulations they sold on 40 fucking minutes by the way who you won who i won they go
hey you run it back run the clip back but under an hour 40 minutes sellout but things and then
with pengu by the way again top gainer pengu is a beast that's good for rect right uh so i don't
know but that's a good point tyler you know i think that's why i have both. Though I would make a lot more money if it goes 5x.
What I like about, purely as a trader,
what we were just talking about,
you just know if it starts around.
It might go sideways here for a bit, right?
And just naturally, even though you might think it looks cheap,
it takes a while sometimes to think of range.
But then you know if it goes, people are like,
Oh! even though you might think it looks cheap, it takes a while sometimes to think of range, but then you know if it goes, people are like, oh!
I think that's a good point to be in for a coin, right?
I think all coins will look...
I mean, I think you still are early to buying coins
even if you get a little pullback across the board.
I think people are mistaking that a lot.
You see coins are up a lot right now,
and you're like, oh, I missed a run on Rekt, for example,
or Mog, or Pepe, or even Farcoin,
but they're still so much lower than their highs.
Farcoin is still like 50% down from highs.
Rekt is still as well 50% down from highs.
Mog, it requires almost a 5x to hit its highs at $1.5 billion.
So it's like, are we still early?
Like, say, like, we're still early.
Are we still running back all the old coins?
Like, you know why I think that, by the way?
Because of what Mando and you have been saying, how there's no new buyers in the new coins that you saw.
That's what you're saying.
So no new buyers means that there are old holders.
And that means the old coins running back.
Like the cycle didn't end, right?
So if the cycle had ended, then you see new coins running and new coins making new narratives.
Like when Whiff came about and made a new narrative, created Pepe, Whiff, Mark made new narratives.
But it's still the same cycle.
It's like we're starting a new cycle, right?
I just think there's no new wallet.
So people are just kind of like, oh, I remember that coin.
Like people might buy Chill Guy here, which is why at Rally 2,
it's like people might remember the coin that they own and be like,
Oh, DCA, or Double Down, or, oh, I'm down 50%,
but if I buy it here, I'll even out at X amount.
So I think people think like that.
But then again, you've got to be worried
of profit taking on the way up.
That's the only thing, right?
The trenches are hard to play here.
I mean, we've had a huge run in-house coin,
but then it sold off massively.
I think there's a lot of questions if it's going to come back.
And there really hasn't been a whole lot
I think that's a coin. If it starts going
and it looks like it might start going to me.
It's a little bit. Pepe one it looks like it might start going to me
A one day job. I know I saw it just now like it's it's it's looking fucking good
It's bottoms It's formed such a strong bottom here. Well, how did it go?
It's four four four four four I four, four. I'm running out.
I don't want to leverage trade.
like if I want more exposure,
can someone just like give me like,
There are times leverage trading. there are times to leverage trade
and there are times they're not
and I've been levering trading for the last
because I felt as though like the risk of
trade is like December and January
it's up 50% it's down 50%
You can sleep right now with some pretty tasty levered positions
that they're not going to drop 40% overnight.
I feel like if I was home last week when I was in Dubai,
Last time I lever traded, I cooked and I stopped for like six months.
I did what you did recently, but always a smaller size.
I had a salon long and a few other logs.
I cashed it all out and never put it back in.
Let's just put it into perspective.
Just for the listeners, we're not talking
20x cross margin fucking crazy positions, right?
You can put it on 5x leveled, right?
And it would have to drop 20%.
So it'd have to go down right now.
I've been there, brother.
Iran decided to nuke Israel.
And that 20% happened to me
And I lost like 100 grand in like five minutes.
Yeah, I'm just saying it's
not a pepe problem it's me problem but yeah and it's my people you got some bad luck you got bad
luck you got bad luck you know yeah uh that's my people but i wouldn't say go lever trade in
other times like you know like in november december you just own spot yeah but right now
it's like yeah like maybe out animal spirits if it goes to all-time high like it's not the
worst time to consider don't tempt me with a good time i'm about to sell my Sonic position and rebuy it on 2X. You know what I mean?
I mean, it's not a bad idea.
You do too much stuff IRL to have leverage trade on for work.
This is why I don't leverage trade because I'm always, you know,
I got to go to fucking consensus next week.
I mean, I can't be looking at my charts.
Go back to the majors board real quick.
Oh, God. This looks so good.
I was telling this this morning, right, Ty?
This whole period, out of the range...
This is the range, right?
Can you believe there was people in this period that gave up?
And some people gave up right there.
I mean, even right now, the fear and greed technically is at 53 neutral.
It feels much worse than that to me.
sentiment on the timeline portion still feels very bad.
Like I'm looking at the board this morning,
And it doesn't necessarily match the vibes.
So it feels like people are off sides again.
People are definitely silent.
I saw a message, a tweet from Loma, who's actually a good trader.
And this morning he wrote, he said,
last time I can remember the price being disproportionate
from the sentiment was during the start of the move up
after the initial COVID pandemic.
Price reclaiming $95K was big,
Trump making it his God-given right to blatantly manipulate markets higher,
common sense traders like me mostly sidelining in shambles.
I mean, it was very common sense to just be like,
times are very uncertain.
And then if you did, like, sorry.
I ain't sidelined. That for me, baby. I ain't signed line.
Anyways, Tyler, let's go to your topics real quick.
I see Jess of Rio and Wallet Connect in the studio.
We'll go to you in a little bit.
Tyler, let's see what you got for us today.
For daily NFT and crypto analysis.
Tyler D on FOMO, our cause to get clean.
Folks, crypto majors very green this morning after news of a major U.S.-U.K. trade deal to be revealed today.
ETH, 1990, up 9% on the day.
In macro news, Besset and Lutnick submitted draft plans for that U.S. sovereign wealth fund.
It was partially rejected, but progress being made there.
Stripe introduced stablecoin financial accounts, allowing users to hold funds in stables and send and receive funds via fiat or crypto.
Visa, they're expanding their stablecoin infrastructure and investing in BBNK, aiming to enhance their global digital payment capabilities.
Companies are spinning up to acquire Bitcoin, and they are accelerating.
So Vivex, Strive Asset Management, announced plans to merge with asset entities
and launch a Bitcoin treasury company.
That AST stock went up 450% yesterday on the back of that news.
David Bailey is set to launch a $300 million Bitcoin investment company called Nakamoto, using $200 million in equity financing and $100 million in debt.
So two new companies on the board set to pile into Bitcoin in size.
Metaplanet also acquired 555 Bitcoin, bringing its holdings over $1,000.
And Robinhood, reportedly developing a blockchain-based platform
for stock trading in Europe,
looking at either Arbitrum or Solana for partnership.
We saw Arizona pass a different Bitcoin bill.
This one allows the state to build a reserve
via unclaimed assets, airdrops, and staking rewards.
But Bitcoin officially has passed in Arizona now.
And then breaking news before the show,
Coinbase acquired crypto options platform Darabit
I believe that is officially the largest crypto M&A deal in history.
So big news today with Coinbase.
I think Coinbase earnings after hours today as well.
So that's going to be a big call this afternoon.
In token airdrop and protocol news, Jupiter introduced Universal Send,
allowing users to send sole USD or meme coins to anyone, anywhere.
They can claim via link or QR code.
They do not need a wallet.
And Rekt Drinks, Abstract Apple, sold out globally in 40 minutes.
Yesterday, massive sellout.
Shout out to Ovi and that team.
Kind of rounding things out, the AI board was up about 9% to 9.3 billion today.
Meme coin leaders were also very green, up about 5% to 10% across the board.
Pingu was leading the top 100 board up 25%, Mog up 40%.
And then NFTs, a couple of stories here.
Those Kaido Genesis NFTs were up 40%.
And then two historic Grail NFTs changed hands yesterday.
And 8 CryptoPunk, undisclosed amount.
But Punk's OTC is saying at least $2.1 million for that one.
And Xcopy's last selfie, it's an addition to 10.
It's sold for $1.15 million.
Shout out Gandhi on that.
Natively on Gandhi too, right?
It wasn't like a loan or some shit.
Yeah, Gandhi's been crushing it on the art side.
Yeah. Yeah, Gami's been crushing it on the art side.
Can I ask a question just as a business owner now as well?
This thing is just going wild.
We're thinking about doing something for Yeet with them.
Oh, it's bigger than it was.
Because I know they had a pre-TGE where it all made sense,
It seems as though you still get Yaps,
but Yaps now are even more valuable.
Because we wanted to talk about it yesterday.
Say I'm once saying there was $70 million given, but how does that work?
The pitch right now is users are more incentivized than ever to use, to run up their yaps on the Kaido board because the airdrops have been plentiful.
I think Wally shared a tweet, like over $70 million in airdrops have been given out to Kaido yappers over the last few months.
And that's from protocols.
That's not from Kaido directly.
Boop actually gave a healthy chunk of tokens to top yappers.
And then each of those protocols on that pre-TGE board, when they do their TGE, they are giving some allocation of tokens to yappers. And I think there's been
attention you're going to get, what type of people you're going to get
talking about your protocol. So I think
you do have to do it smartly. You don't
in their Kaido yap circles
to be the only ones talking about
your product. So I think it has to be
matched to a degree. But I don it has to be managed to a degree.
This isn't a tension game.
It really feels like attention is still one of the most valuable assets
And using Kaido to grab Mindshare feels like one of the easiest paths
And that Kaido token just soared.
But do you get any of the Kaido token? That's what I didn't
understand. There's going to be another airdrop.
We're all still incentivized
so you'll be able to earn airdrops. That way you can hold
the NFTs. The NFT holders are getting all those airdrops as well.
There's multiple ways to participate.
And then Yu is teasing new products.
Like they're clearly going to continue to grow.
He teased an exchange product.
They just rolled out their own.
It seems as though you can do two different things
You can create your own leaderboard
Or like Boop did something else
What did Boop do with them?
I think Boop just rewarded
I think Boop just rewarded
So they looked at the meme coin mind share board
And they said okay We're going to give you all 10,000 tokens Boop just rewarded top meme coin yappers. So they looked at the meme coin mind share board.
And they said, okay, we're going to give you all 10,000 tokens.
But you didn't have to write about Boop or anything like that?
You just had to be relevant in the meme coin sector of crypto Twitter.
Okay, so that's for something that is almost about the TGE.
That would make most sense.
So for you, if you want to talk about, I don't know how big
the crypto gambling sector is, but
instead of saying, we're going to reward
people who talk specifically about Yeet, we want
to go after people who are genuinely
Interesting. Yeah, it's interesting.
dominated it. It's very clear.
Even from the conversation with them,
it sounds as though there's tons of different people
It is probably the easiest way
for someone who shows up to crypto Twitter
create good content around it.
I think more and more people are figuring that out.
Me and you who might cook something.
Are you telling us to pay attention again?
Yeah, I mean, I think the Bitcoin company boom is getting too big to ignore.
And maybe that becomes one of our new leading risk factors
in a potential blow-up scenario at some point in this cycle.
But now two new major companies coming in to pile in,
high nine figures into Bitcoin with Vivek and David Bailey.
This comes after, what, 21 Capital just a couple weeks ago.
MetaPlanet keeps buying., this is a continued major trend.
It doesn't be slow. It's not slowing down.
And then you've got the major players also building,
building out their stable coin, uh, their stable coin platform here,
which to me is still one of like the end games of crypto where you can truly
use your stables, your crypto to buy anything,
anywhere you want in the world.
I tried to use stables via the MetaMask credit card
a month ago and it got rejected.
Really? I've never had that.
So I don't want to just fund the product.
No, I mean the product could be better.
But it just feels like we're not totally there yet,
but within a couple of years, it feels like we will be.
Maybe not for house purchases, but for most of your everyday goods,
it feels like we're on the cusp.
And that's a pretty big unlock.
I heard people buying houses and Bitcoin in Portugal.
It's moving out there. But you're right. You're absolutely right. So it's coming. It's coming. It's moving out there.
we're talking about Bitcoin boom again, right?
So I know we were talking about BTCD,
just a little bit ago on the show.
So I think something to pay attention to as well.
That's mostly stuff that's happening within the Bitcoin ecosystem.
it does not look like Donald Trump has spoken yet.
But again, like we said, it's probably just going to be
the announcement with the UK.
Tyler, before I go to Jess here,
is there anything major that stood out that we didn't talk about?
No, I think we can dive into Coinbase tomorrow.
I haven't really had a chance to digest.
The Jupiter Universal Send is cool.
to anyone just via a link
and then they'll send you to download the Jupiter mobile
app and they'll be able to log in and claim it.
If they never do that, you can actually
It's just a way to onboard.
Easy tools and easy products to use
Jupiter's doing good at that.
Well, let's go to today's guest.
Just a reminder, rafflebot.xyz.
Y'all know how to spell that.
And you can win some money on the show every single day of the week.
Literally five days a week.
We've got around like 17 grand right now.
So let's see what someone gets lucky when it will come on the stage every single day of the week, literally five days a week. We've got around like 17 grand right now. So let's see what someone gets lucky
when it will come on the stage later
after this interview and be able to win some money.
All right, let's get our show partner on, Jess.
Good morning, how you doing?
bad connection on your end or...
We can hear you, but far.
Do you have headphones or?
Let's wait for Jess to put her headphones back on.
But hey, $2.9 billion darabit acquisition.
It's the biggest ever. If they could just spare 100 million of that
in my bank account by accident. But it's like
Let's get just back on. Let me try again.
Is that anything that's it? Can you hear me now?
I can, but I don't think the headphones connected.
You know, we'll make it work.
Jess Holgrave. We're back.
So it's Jess Holgrave, right?
Jess Holgrave. I see a little Portuguese flag right? Yeah, that's right. Jess Holgrave.
I see a little Portuguese flag in your bio.
Is that where you're based?
I'm here in sunny Portugal.
I'm British originally, but I can't do the British winters.
So I came down here a couple years ago and I love it.
It's two Brits in Portugal. There you go. I love it and I love it. You and Mendo both. Look at that. It's two Brits in Portugal.
I love it. I love it. I love it.
There's three people in Portugal about to come.
Farouk's moving too to Portugal.
Not only am I coming, but I'm going to open
the first Persian restaurant in Lisbon.
Hell yeah. I decided I'm going to do gonna do it i'm gonna call it the stun
you know like our parent company so i gotta talk to you guys more about this but another time hey
maybe maybe we can use wallet connect you know to pay in crypto with the rest we can pay for stuff
100 fuck yeah let's go i even already scored a partner for my for my restaurant let's go let's
go i'm high anyway that's not what we're here to do jess
once you give us a little introduction about yourself because i dug into the you know i know
we're trying to make it happen for you to come on here shout out to wallet connect as you all know
is our show partner they partner with myriad we do a lot of fucking cool stuff with them so we love
wallet connect but you're on the reown side and i looked into you jess and you you're pretty cool
tell us more about yourself and what you do at Reown.
I'll pay you later for saying that.
So I joined what was then just Wallet Connect at the end of 2023.
I am now the CEO at Reown.
And effectively, you can think about the two, like Reown is the company. We build a whole bunch of different products, including the Wallet Connect network. And so Wallet Connect is kind of the core, that's the
bit that most people will know, it's the QR code, it's the thing that will help us pay for that food
at your restaurant. And then on top of that, at Reown, we build a bunch of other developer tooling.
So we have AppKit, you can see online now, there's our PayWit Exchange feature
that we launched yesterday, really focusing on helping app developers to build great user
experiences. We also built something called WalletKit. This is how all of the different
wallets interact with the Wallet Connect network. So at the network level, we're some 700 different
wallets, 15,000 different applications that can all communicate with each other.
And Reown is really like the technology company behind that
We build a bunch of other stuff,
but really like what we're focused on is user experience.
Because in my experience, and I've been in crypto now since,
well, full-time since 2016,
user experience is still so far off where we need it to be.
It's still way too difficult, way too painful.
And so that was why I was really excited to join the Wallet Connect team
and I guess what we're all building for every day.
Wow. This is really cool.
I was just going through your page real quick,
and you guys can follow me.
I want to reown, R-E-O-Ww-n underscore and it looks like you have some big partners you know like you're saying
jupiter uniswap ledger binance wallet uh and alchemy just trust wallet revolute you got you
got a lot of people uh you're uh you're working in here working with here um and it's uh really
cool so what exactly does reown do Because obviously I named all these big partners
and you guys are pretty important infrastructure company
So I just want people to understand better
exactly what you guys do and who you are.
Yeah, so we're a team of about 50 people,
primarily in Europe, a few here in Portugal,
Wallet Connect was started back in 2018
as the way for apps and wallets
to communicate with each other.
So if you go onto a Web3 app, there's a button.
Usually it says connect your wallet.
When you click that wallet, click that button.
You can connect your wallet into that application.
And in a world without what we do, you would have to either only use MetaMask, probably.
either only use MetaMask, probably, that was what it was like back in the day, or the developer of
That was what it was like back in the day.
the app would have to do hundreds of different integrations in order that you can use the wallet
of your choice. So the work that we do basically means that you as an end user have complete choice
over which wallet you use. You can use everything from like a hardware wallet, like a ledger,
institutional wallets, like Fireblocks, multi-sigs like Safe,
mobile wallets like MetaMask, any wallet of your choosing that suits you, you can take that into
any app that's on the network. You can go to an NFT marketplace, you can go onto a payments
company and pay for things, you can go into a DeFi application and use the wallet of your choice. And I think
that's really like the crux of it for end users is we want people to have like self-custody,
control, choice over what they do with assets, choice over the wallets that they use. And so
everything in all of our tech stack that we build is to enable those end users to be able to self-custody
And then, you know, behind the scenes,
the way that we do that is that we build different toolkits for wallet developers and for app developers.
But really, the whole point here is that it gives you choice as an end user.
Okay, wow, that's super cool.
And so what's the relationship between the two companies here?
So Reown was kind of born out of Wallet Connect.
We decided to create this new kind of top level company.
If you think of like Google and Alphabet, similar sort of setup here.
So Wallet Connect is the network is one thing that we build at Reown.
It's not the only thing, but that's the sort of like core piece
of our technology. And we have a separate brand for that because the decentralization of the
Wallet Connect network is really, really important to us. For a long time, Wallet Connect was running
through central servers. And over the course of last year, we decentralized that. We added 16
different node operators to the network. This makes the network
resilient, censorship resistant. It means it's not just relied on us as a company. And so Wallet
Connect is that decentralized network. And then at Reown, we are the company behind it that built it,
but that builds tooling for developers to be able to build on top of it. We also have products like this pay with exchange feature,
on-ramps, swaps, chain abstraction features,
everything that a wallet or an app developer needs
to be able to create a great user experience.
It's actually really big because we had the numbers.
We had Pedro Gomez come on the show a few weeks ago.
He was obviously a director of the world connect and everything else.
he was talking about how many people are using the product.
It's like 250 million people,
which is really impressive,
When you think about like all the institutional uses that we have behind it, the institutional wallets.
A lot of custodians use us for accessing DeFi, for example.
So we really like serve a wide range of the crypto industry.
So speaking of the crypto industry, et cetera, and obviously our partnership, you guys also recently released a state of on-chain UX, which is a report that you created with Nansen. And I actually genuinely invite people to download that because first of all, it's free and it's a really good state of on-chain, even for your jobs, the people listening, trying to do reports, et cetera.
can you tell us more about this report
co-founder of Decrypt and all that good stuff
gave a quote he's in the report
he's in the report it's great
the report there you go see
if you download it you can also get some Myriad
points for downloading it
but either way you should be downloading it and checking it out. But can you run us a little more through this state of on-chain
UX report? Yeah. So we did the first one of this about a year ago. We called it the Wallet Connect
Pulse at the time. And then this is our second report. One of the things that I think is really hard to build great user experiences
is if you don't know your users. You don't know who they are and what they want. So for me,
a huge amount of building great user experience is data giving us insights into who our users are,
what they want, how they think about things. So this report is a combination of an end user survey. We partnered with YouGov,
we surveyed over 1000 different people, all of whom have crypto experience here. So we're talking
about people with real insights, valuable insights into user experience. We took our proprietary data
at Rihanna and at Wallet Connect, where we can actually observe consumer behavior when they're on different applications. And then we partnered with Nansen to give us on-chain insights as well.
So this is a really broad spectrum of data that we use to try and give people insights into how
people think about user experience within Web3, which we know is a really big barrier to adoption.
within web three, which we know is a really big barrier to adoption. Um, and it, it's, it's long.
So print, you know, store it, save it for your Saturday morning with a big cup of coffee, um,
or just like plow through it, um, at different points and you can pick out different, different
pieces over time, but I highly recommend it because, um, it's just got so much insight and
I've read it a few times now.
And every time I learn more, kind of key things that it will tell you, for example, is like the different wallets that people want to use and why.
So we see differences between like NFT holders and the types of wallets they want to use versus people who are more interested in DeFi and what they want to use.
It tells us a lot about sentiment about why people don't use crypto more.
People talking about why they're concerned about security.
They're worried about being hacked.
They're worried about phishing.
But they're also worried about some other things,
like on-chain privacy, having their assets exposed.
So this gives us a lot of insights into why people are doing what they're doing today.
And I think that's what helps us as product builders
to then build better experiences going forward.
Because if we understand the challenges that people face today,
Another one, for example, some like 54% of people said
that they want to be able to pay for
things online and that they have paid for things with crypto recently but only 12 percent of people
say that that's a great user experience so we have this big gap of like half of people want to be able
to pay with crypto but they most people can't do that and find it really difficult to do that today
and that tells us that there's a lot of opportunity for us to build better experiences around payments for example well tyler and literally 15 minutes ago
you said that you literally made that comment right before jess came up that's so good i love
that you made that comment how you're trying to use your card or something and and it keeps failing
on the stable coin side or there's some issues.
So we're still early in that sense,
and this is what we own and Well Connect are here to fix for y'all.
Any last words, any last thing you'd like to push
besides the great report that you guys have written?
Yeah, I mean, please follow us.
If you have feedback, please let us know.
I think, Farrakh, as you said, we do get to work with all different apps,
all different wallets, all different chains,
which is why I love this job so much.
And we're really trying to push the boundaries.
But any feedback that you get as an end user,
if you're using Wallet Connect, as a builder,
if you're using AppKit and WalletKit,
let us know how we can be better.
The whole purpose of this is that we all build a better internet for everyone.
So get in touch if there are ways that we can do that.
Thank you so much, Jess, for coming on to that.
Shout out to WalletConnect.
You guys are awesome partners.
All right. All right. Well well this is the moment you prefer you all prefer sadly i thought you guys preferred us you know when we're chatting to you all but i know you answered giveaways
so it's time to pick a winner some notes from the producer what is uh what did teller uh sam
sign 488 users are using the FOMO hour code.
209 have placed a bet in the raffle.
Wow, that's a big number.
279 have not and are not entering the raffle.
All you have to do is place a bet.
Okay, so if you're saying it doesn't work,
Just go and plink or some shit and place a $1, $5 bet.
I don't know, just do something.
An unknown amount of people have a private profile, which means that we cannot see you
in the back end and you will not be entered in the raffle bot.
Your profile has to be public.
Or else, how are we supposed to know you won't?
So make sure your profile is public.
Make sure you place a bet.
FOMO hour is the code on yeet.com.
Shall we play some corn race today?
I'm already three minutes late too.
So should we just pick a winner?
We'll put like $250, $500 on corn race and then go on with that.
Bacon, egg, and cheese, baby.
Hey. I'm so hungry oh my god i've been whoa bacon egg for cheese congratulations you win you win come on stage baby bacon egg for cheese
god that made me i've been fasting for like 15 hours, man.
I'm so hungry, Jesus Christ.
I've been sleeping super early
because of my Dubai fucking jet lag, guys.
So I wake up at like 6...
You probably noticed I texted you guys like 5 a.m.
How's it going, guys? Congratulations. All right, Bacon, Egg for Cheese. What's up, fam? How you doing? How's it going, guys?
Are you watching us on video or are you on audio?
Yeah, choose two coins. screen. Let's go. What's up? Choose two coins. Yeah, choose two coins.
There's Bitcoin, ETH, Solana, and Bitcoin, ETH, Solana, Doge, and Fartcoin.
As you go through the coins, you have a riskier chance of losing, but the odds are bigger.
So between Bitcoin, ETH, Solana and Farcoin
pick two coins. Bitcoin and Farcoin. Okay so what I'll do here Mando because the
max on Farcoin is 200 I'll put 300 in Bitcoin and 200 on Farcoin right so let's
do that and just so you know by the way Bacon you've already made $500 so
whether you win or not here you already are leaving as a winner. You guys can hear.
We're about. Roll the dice.
Let's get a fucking 79 next win, man.
One. The music is so good. I know you guys can't hear on stream, man. Let's get a win. Two, one.
I know you guys can't hear on stream, but the people can on Spaces.
All right, let's get this guy 15 grand.
God damn it, man, though.
Ethan's doing all right. Oh, Bitcoin. Bitcoin, Bitcoin, Bitcoin, Bitcoin, Bitcoin, Bitcoin, Bitcoin, Bitcoin, Bitcoin. god damn it man though fuck bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin bitcoin
come on mate let's fucking go buddy so you won the 663 plus 500
so you made nearly 1200 on the show this morning. Congratulations.
That's awesome. I love that.
Two days in a row we gave over $1,000.
Fuck yeah. Let's go. Congrats.
All right, y'all. We'll see y'all tomorrow morning,
10 a.m. Eastern Standard Time for the episode
of FOMO Hour on Rug Radio.