FOMO HOUR: WE ARE SO BACK???

Recorded: Aug. 21, 2025 Duration: 1:03:40
Space Recording

Full Transcription

Thank you. Maybe it's bugging.
There you go.
Everyone's seeing it.
See, guys, we started on time.
Look at that.
Look at that.
What up, Chris?
9Cat, sorry.
What up, dude? What up. Creator. What up, dude?
What up, man?
What up, AI, bro?
Pinstrap, Gator, Manly.
What up, RV?
Honk Radio.
Look at that.
What is that?
Honk Radio.
Look at that.
Right up, Rhino.
Can you guys retweet the spaces so it works?
There you go.
Let's get some love.
Let's get this party started. Let's get some love. Let's get this party
Alright, Sims, kick it, baby. Thank you. Ta-na-na! Niii-na-na!
Oh no, I touched my cables.
Okay, we're good.
Yo, yo, yo, yo, yo.
What up? Good morning.
Good morning, GM.
Thursday. August! Thursday.
August 21st, 2025.
Look at that.
Another minimal day to have a beautiful day.
I'm not going to lie, Tyler.
I went out with...
I went to Mandos last night with Lox.
And I'm pretty hungover today. And it's like 3 p.m. now.
I'm still feeling it.
Is it age?
It gets worse in your 30s, and then it gets 100% worse in your 40s.
Because you were telling us you were quite hungover this weekend.
I'm like, oh, no, that's not.
Dude, fuck.
And I hadn't even gone that hard.
It's just the way it is. No, by the way, like, we're talking, like, in an Uber at 1.40 p.m.
a.m. on the way home.
Like, we're talking, like, you know, not hard, you know.
And by the way, like, Irish pub, you know, in honor of Sims.
And with, like, live band type of thing.
Not, like, nightclub 5 a.m.
Okay, we're talking. Couple of drinks with the boys type of night. Not like nightclub vibe. Yeah. Okay, we're talking. Couple of
drinks with the boys type night, you know?
tequila. It's just like beers.
And a little bit of whiskey.
You know? Not one at all.
And I'm feeling it.
I had to take my first like three calls this morning
from bed. CZ style.
You know? That's how the best do it.
That's how the best in the world take their calls.
Right. Arguably the richest man
in the world. He's up there. Arguably the richest
man in the world leading the largest
crypto company ever created
runs his company from bed
per his interview with me.
So if he does it,
I can do it, right?
Can I just ask will that be a Tyler
what I'm sorry
you just you just pull a beer out on air
at this time of the morning
oh no this is iced coffee
my man was starting earlier
I'm very impressed
our tokens are gonna have to be a whole lot
higher for me to pull out in the 9am
I have I'm on the coconut water I'm'm like, I need electrolytes, dude.
Like a fresh coconut water. I'm like, nothing's working.
I have a liter of water here. Half a liter of coconut water here.
I don't know, Tyler. Something's going to have to work, man.
Took two liquid gels.
Usually by 3 or 4 p.m. is when you start to shake out of it a little bit.
We're pulling for you.
Well, on the good side is I don't no longer have to host a show at 10 a.m.,
So that was tough.
We had a couple of mornings there.
That was a tough show to host at 10 in the morning.
You know, one day, I'm not going to tell you listeners which show that was,
but it was one show that
I hosted. I
hadn't slept.
Out of the 2,000 episodes. It was before
Tyler's era.
But there was one
show. I don't know if this was it.
I think it was you, Mando, and Ovi. You were with
FIWO after an NFT NYC
show. And you guys were in kind of rough shape.
I remember listening to that show. Yeah an NFT NYC show and you guys were in kind of rough shape I remember that listening to that show
NFT NYC anytime you see
me at a conference hosting the show the next day
it's usually not in the greatest shape
but isn't this how champions do it
you know just show up so today on the show
today on the show
sorry guys
we're the markets
let's go to Tyler's topics we had guests the last two days so we really couldn't
dive into that so let's just make sure
we go through all the topics it looks like
Connie's back
a little less anti-semitic
this time it appears
but he's launched a token
so I'm sure we're going to talk about that
and then things you miss
here though which is a good thing so on the flip side
I was out drinking. I miss shit
like that, right? And
then we have
the Yeet giveaway, so we will give some
money away.
Mando, Yeet really
has not been given this week.
I think we've been giving too much money away the last few weeks.
And the RTP gods are
not on our side, but today, that changes.
And then last but not least, this show is powered by Wallet Connect.
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tyler we'll go straight to you today Crypto analysis. Tolerate on FOMO. Our cause to KitKat.
Ready to bash the bears.
Yeah, folks.
Crypto majors.
Green here this morning.
We've got Bitcoin up 1%, 113.7.
Ether up 3.5%, 42.80.
This will bounce.
Up 3.4%, 185.
Looks like a couple pieces of macro data came in here this morning right before the show.
PMI in the U.S US was much higher than expected, showing the economy perhaps is healthier
than folks previously thought. And some retail home sales data was also high,
above expectations. So a couple of nice data points headed into the big Jackson Hole meeting with Pal tomorrow. Back to crypto, OKB, the OKX token, up 60%.
This thing's up 320% since they announced their burn back just like six days ago.
It was like 90% of their supply, right?
Yeah, they burned 90% and then the token has just gone nuts.
So a nice little trade there for anyone who got into it.
We also had BNB
briefly hit a new all-time high at
880 last night.
some big moves
on some of the tokens, perhaps with more of the East
tie-ins. In other headlines, a judge
unfroze $57 million
in funds tied to the Libra meme coin
case. After
signs of compliance, they also don't think the
prosecution's case is going to make it. Then coincidentally or not, Kanye West, the easy
token, dropped a few hours after that judge released those funds. It ran up to about a $3
billion FDD, has since fallen about 66% to $1 billion. I'm sure we'll get into it more later in the show.
We had Zappo.
They were calling for a $200 billion Bitcoin inflow
as a part of the great wealth transfer from the boomers to their children.
So another kind of reinforcing macro trend there.
ARK Invest, Kathy Wood, they've backed bullish and Robinhood now
to tune up about $40 million, $20 million each.
The Winklevoss twins, they funded a pro-Trump crypto pack to the tune of around $21 million.
It's aimed at blocking CBDCs and supporting crypto-friendly policy.
And then we talked about this a few days ago.
The New York lawmaker who is pushing for a 0.2% crypto tax in New York on all crypto transactions,
that is going to include stablecoin transfers. So that's going to be a big, big hit if that
comes through. So I think we're going to see a lot of pushback against that.
And then breaking news this morning, Metamask has officially launched their stablecoin,
MUSD. Big news out of consensus. And corporate treasuries, Empree Digital is one of the first Bitcoin treasuries
to trade well below MNAV,
$340 million market cap,
$450 billion Bitcoin in assets.
So that's what, 70%, 75%?
Well below.
And then Winpre Therapeutics,
which is one of the big B&B treasuries,
they got kicked out of NASDAQ
for some compliance issues.
Not the best day for the DATS.
In token airdrop and protocol news,
it was a good day for REC Drinks,
setting a new record.
In yesterday's Base Club drink drop,
our partner Kraken has acquired Capitalize.ai
to boost their trading automation capabilities.
So I thought that was an interesting one.
Plasma had announced a partnership with Binance. 1% of supply
going to early deposits. That's filled
very quickly. And then
Wormhole's looking to outbid layers here to
acquire Stargate. And MemeCoins. MemeCoin leaders
are green on the day, up about 1%
to 3%. Heaven.
Let there be light. They reached $1 million
in daily revenue yesterday.
Getting up to 75%
of Pum's revenue.
Also unlocking a new golden
TWOP, that light token.
Hit another all-time high yesterday
as well, though it looks like it is down here
this morning.
That's the roundup.
Nice bounce on the market, eh?
I was talking to boys
at some point. I was like, dude, I'd love to see that.
I actually haven't checked the prices today yet,
but I know last night we were looking good,
like what, $4,400 almost on Ethereum?
And then the rest was ripping too, right?
$115 almost on Bitcoin even, right?
Things were ripping last night,
and then it looks like we kind of sold off overnight a bit,
and now starting to rebound a little bit on the open.
Today feels like it's going to be a chop day
until we get more of the concrete info tomorrow from Powell.
Kind of a day to put a big position in.
I think what's notable specifically about ETH is...
Let's check out ETH.
Oh, yeah, I'll get 42.
Power boy Tom Lee.
He called the bottom and then he gloat.
He bull posted his calls, basically.
He pulled up the chart with his 40-64 line.
This guy is fantastic.
Look at his page.
It's all penguins.
Yeah, we must protect Tom Lee.
He retweeted our boy Johnson.
Look at that.
DJ. Right there. Yeah, we must protect Tom Lee. He retweeted our boy Johnson. Look at that, DJ.
Right there.
Yeah, he is a DJ.
Shout out to DJ.
Shout out to DJ.
Quality content.
Yeah, honestly.
Shout out to our – he's a listener of ours.
He's usually – he's not here today, but he's usually one of the first people
in the space.
He's got some good content.
So this is it, right?
This is so good.
Like, where is it?
Boom, right on schedule, he says. Little pat on the back. He deserves it, you? This is so good. Like, where is it? Boom, right on schedule, he says.
Little pat on the back.
He deserves it, you know?
It was him.
It was probably him too.
It's like the guy who controls two pressure per week.
Called the bottom, shocker.
But hey, we are rooting him on.
We are big Tom Lee fans on the show.
That's for sure, for sure.
And what a call, by the way.
I know I was talking to Wiz.
He longed that leg.
You longed it.
You just closed it too early, right?
You had that.
Yeah, I went 25x long at 40.75.
That would have been a nice trade at 4,300.
It would have been.
I got out like 4,220.
So it was still a nice look.
Missed another couple.
We're looking good, dude.
I'm glad I pulled up my little lines yesterday on the show,
which are like stupidity, by the way.
It's not rocket science.
Everybody was bearish on charts that aren't even bearish.
And it looks like we're bouncing off all of them, right?
Like Ethereum, Liddy, Bouncy, right on schedule.
We said it would bounce.
And Tom Lee,, but you know,
our own Tom Lee, we have Tom Lee at home, Mando was talking
about that.
Bitcoin's Liddy ripping right now, Tyler?
Or ripping, you know what I mean? But you know,
going back to last night's levels,
even Solana was
back to what? Almost
1.890 last night.
So market's looking pretty healthy.
And even our Farcombe was looking good until Kanye.
Kanye decided to, or whatever people are behind that,
decided to take a stab at it.
So, I mean, let's talk about that.
So, what went down?
I was asleep.
It was probably your time zone.
So, what went down last night with Kanye?
Yeah, we saw the Kanye tweet.
He linked out to a website and had a screenshot with the Yeezy contract address.
Immediately went to it.
I want to say, so I was online at my computer and it basically was at about $1.85 as soon as I saw it.
So, I mean, it shot straight to $1.85.
There was a brief dip to about $1.50.
And then it grinded up to about $3.
Arthur Hayes was bullposting it.
And then some of the bundled tweets started coming out.
It looks like this is somewhere between...
Around 90% bundled.
Somewhere between...
I've seen takes of 87% to 94%.
Which means that it's currently at $1 billion.
Effectively, it's at $100 million market cap.
So the FDB is going to be 10x what the circulating tokens actually are.
Terrible. I was in the camp that this... going to be 10x what the circulating tokens actually are. Tablo.
I was in the camp of this.
I didn't think there was going to be a whole lot of demand to begin with.
So this kind of played out how I expected it to.
If you traded it perfectly, there was a nice trade to be had.
But honestly, you had to get the $1.50 bottom,
and then you had to sell that rip to $3,
and there was not a long window to do it.
So I don't think a whole lot of people
who weren't just very early
and like your cupsies and that crew.
Wow, there's some big P&Ls on that shit.
There are.
I'm not sure what info those folks had,
but for the average market participant,
it was a difficult trade to be made.
So if you slept through this,
what I'm telling you is you didn't miss anything,
you probably would have lost money.
There's also some big reds.
Some did lose a million five here.
Well, liquidity is huge, right?
So these are the types of tokens
where you can throw big capital at it.
And even if you catch 25%, 50%,
you can get a huge win.
And there was a nice trade to be had briefly there for about 30 minutes.
It killed some of our other coins.
Like Fartcoin was rallying up to 93 cents and went back to 88.
Basically, as this played out, some of the other coins sold off as well.
DoitBigChicago is probably the primary person who's painted the bull case for this.
He's been following the Yeezy coin for a while.
This is not me promoting it.
I'm just showing...
No, just reporting on it.
It's fine.
You can talk about it.
The one bull case.
He's saying that basically they have been working on this
for quite some time.
They are planning to integrate it into their merch store.
And where it gets interesting is his thesis is...
Part of the reason why it's so bundled is they are going to incentivize merch sales via Yeezy airdrop.
So they are going to airdrop tokens.
Interesting.
People who buy merch and drive up merch sales.
So basically, with that type of incentive, they're going to have record-breaking merch sales.
This kind of already would have a good leg up against most people anyways.
He sells out everything every time.
Regardless of his thoughts, he sells out anything he wants.
We're talking record-breaking numbers.
In theory, if that's what they're doing, that could work.
But again, we have no idea if that's actually true.
That's the thing I was saying, right?
This morning I was talking to you about this.
I'm like, if this is what they're talking about
and it drops more, this could do well.
Because whether people like Kanye or not,
and obviously by no means are we supporting
what this guy says.
It's just not okay.
But I think we can talk about it.
It could work. He still is. He think we can talk about it. It could work.
He still is.
He has a ridiculous amount of influence.
I don't think anybody cares
when they're buying coins about his
anti-Semitic remarks.
The average participant probably
What is weird to me is Kanye posted a video.
I don't know if you saw it. It's a four-second video.
He's reading What is weird to me is like, so Kanye posted a video. I don't know if you saw it. It's like a four second video. Yeah, yeah, yeah. I saw it.
He's like reading off like a piece of paper or something.
Blink twice if you're kidnapped, dude.
Like this does not feel like this guy really cares about this that much.
Can you hear?
The official Yeezy token just dropped.
Can you guys hear when I play videos now on Firefox or no?
Like, did you hear that the the
Official Yeezy token just dropped the space can hear it. Okay, so so I guess I'm
On kick. Did you guys hear that sound? Sorry to use you guys as a test on kick If you guys watching on video, did you hear the sound when I played the video?
I had to change browsers for street. No, cool. We'll fix that another day.
he looks high off his rockers, dude.
Nas, right?
I think he is. Let me see some comments
I think this timeline sentiment was
broadly very bearish. No one in my
trading groups bought this thing
a lot, mostly out of principle, to be
honest. Nobody I know bought it.
So I think some maturing there
from where we were in February,
everyone would have been
leaping all over themselves to buy this.
I don't...
I wasn't sure that we were going to see a broad sell-off.
And it hasn't been that bad.
Troll sold off.
Troll hit a new all-time high,
but then it kind of rebounded.
Light sold off briefly,
and then it rebounded.
Classic, right?
One who got hit the hardest, I think.
Because it has the most liquidity.
It's the only coin...
It's the only coin you can just dump like 5 million dollars of
in a second
right by the way what a troll
chart good job on those guys
Jesus Christ
they made it happen and
it foundationally is a
good meme like it's an OG meme
now that it's high you can like okay I can justify it being high because it is a good meme. It's an OG meme. Now that it's high,
I can justify it being high
because it's a good meme
regardless of how it got there.
I think I'm not
short troll. I'll just say that.
I don't hold it. I think we wrote about it.
I think Decrypt covered something about it.
Yeah, that's why I saw it.
Oh no, that was three weeks ago.
Decrypt wrote about Farcoin like 30 mil,
and now about Troll like three weeks ago.
We need to be...
We've got to stop fading Decrypt articles.
Jesus Christ, man.
So 200-something mil, that's crazy.
What's Farcoin?
I haven't even looked.
After guessing the price live on area,
I said, oh, we're back above 900 mil.
It's not bad.
My quant, Mando, told me last night that he was bullish on it.
So I'm good.
That's good.
And our other quant, Lulans, posted a nice five-minute video with his Elliott Wave technical
He's good, bro.
I got to say, like, obviously, nobody's always right, especially when you're making calls.
when you're making calls, your job is to make calls on a timeline.
Like, your job is to make calls on the timeline.
Not that it's his job, but that's kind of his brand, right?
his brand, right?
For someone who has built an entire brand
just making calls on a timeline,
and is a trader, he's really fucking good.
So when Bluntz posts a video,
about Farcoin,
I'm not going to lie, it felt good, Tyler, last night.
Cycle topped in it.
And you should have, he posted a video
and then it just grinded up
from like 89 cents
to 93 cents. And then he was
saying like 94 was a key level.
the Yeezy coin dropped.
Wait, didn't you say
that Yeezy's high on gas?
that Yeezy's high on gas?
Far coin coated.
That was my next...
The next question about Yeezy is when Trump
dropped, we had the big rotation
before everything kind of sold off.
People kind of realized
it maybe was the top.
I don't think it was the top moment.
Maybe in a vacuum, but
how this has played out,
it doesn't seem like it's really that huge
of a liquidity suck.
I think there's no liquidity
to suck, dude.
If anything,
I'm just finding out about all these details
right now talking to you.
And I think people are just,
the current participants don't give a fuck.
I mean, we're time to drop it.
This is like peak summer lull.
It's true.
Like the meme coin volumes, like they're down.
This is typically the lowest month here when it comes to trenches.
I mean, this is like the final stretch, right?
Like this is the final summer lull stretch. It's always after Labor Day shit gets started. Right. That's why I
always say, Oh, my birthday is the bottom. Like, cause it's always September 7th, my birthday,
it's around Labor Day weekend. Usually it's like always after this, like you get a big spike. Um,
like last week, last year, Pico bottom was like 44 K on my birthday. And then like we ripped. Um,
and so it's always like that, right? Like people come back to school, kids go back to, even like you, right?
Your kids are going to go back to school.
You'll be able to, I mean, you're tapped in, but you also will be even more tapped in once
your kids are not in your way 24 seven.
Open the school.
Open the schools.
Yes, please.
They're opening soon.
Aren't your kids going back this week or next week?
My school doesn't go back till after Labor Day.
He goes back to Tuesday after Labor Day.
It's shockingly late.
In France, it was like that when I was growing up.
I always started September like three, four, five, six.
In Canada, I always started like last week of August.
I would be going to school next week in Canada.
It was always like that.
So there is that.
So look, guys, he just got away a little bit.
It looks like, dude, he's just ripping.
It's 4,300. it's it's impressive man uh speaking of that um i know you let's go there
because you said one of them was removed from from nasdaq it looks like we'll have to do a
daily segment on that's at this stage because it's what everyone wants to talk about hear about
last night the reason why i actually made it out there first is i had a meeting uh locks me up is
like yo this really big banker's in town
no i'm gonna meet him he's like really like he's one of the guys that takes all these treasury
companies like he makes the deals so he's in trad fi doesn't do crypto at all actually
doesn't even know that much about crypto and and openly right he asked us he asked this question
right he doesn't actually know it all but he's a banker so he knows money he's been doing spacks
for 20 years tyler 20 20 years SPAC experience.
Like, we're talking, they're moving billions.
And they are some of the people that have been behind a lot of these debts, these treasury companies.
So not the mega ones that we cover sometimes, but like 50 mil, 100 mil, 200 mil, like those ones, right?
Because he was in biotech, right?
And it's a lot of biotech firms that are now being, you know, stuff.
And he's in New York, Puerto Rico, which is where all this stuff's happening. And so I was talking to him
last night about this and he was telling me that what you're saying right now, the summer lull,
and they're feeling it there. So he was saying at the first, like all these dads, they were getting
a ton of bids. Like you would have a dad come out, boom, oversubbed right away. Bang, bang, bang, bang. But as they go down the curve of all these tokens,
first of all, the fifth that about X token
is getting less and less thing
because there's already a big one.
So let's say there's already a debt
with like a $500 million put into that.
The people are like, well, I already have my capital
in that one, I already need that one, right?
So that's one thing to pay attention to, I think,
for like the other tokens other than Bitcoin ETH, right so that's one thing to pay attention to i think for like the other tokens other than bitcoin eth right and then one thing he noticed is that there's way
less even on wall street for example like there's way less appetite for them at the moment and what
he was telling me is that it's not a sign that there's they're dying whatever it's just maybe
it's a summer thing and he told me that he's going to be looking carefully to september to see once
people come back etc you know the whole joke about people in the Hamptons and stuff,
it's not really a joke, but they are. And if they come back, what's that going to come to?
And it's very interesting. Actually, one of their team members is an analyst who writes all these
data and reports on the desk. We'll come on the show next week, hopefully, or the week after to
come and give us a whole breakdown.
So it's super cool.
Like all this information I'm sharing,
like it's fine to share.
But I thought it was interesting, Tyler.
And very curious to see,
because I know you follow that very closely.
So I think obviously people are quick
to like dance on their grave yesterday
because it's kind of like a,
by the way, full bottom signals yesterday,
by the way, like crazy.
But I wouldn't count them out yet.
I know I'm not a big fan either,
but like I wouldn't count them out yet. I know I'm not a big fan either, but
I wouldn't discount them either, right?
Yeah, I think
that's where I'm at. And I think you can also
hold different opinions about
the fifth sweet ad.
Yeah, exactly. That's what I mean.
SBED and BitMine and
MicroStrategy.
So I think it's okay to think
that the big ones are likely to succeed
and the other ones are going to have a much tougher
battle. And now we're seeing it.
And the macro trend is
yeah, unless you're early or have
real players
leading the company, you're probably not going to
be able to close your race to even get
the deal. A lot of them are
not, right? I hear all the time, oh, there's going
to be a DAX for this token, that token, and they're just not launching. A lot of them are failing to
raise money right now. But the calls of like Bitmine and Sbet, that trade being done, I think
were premature. So like Bitmine did another 2.64 billion in daily trading volumes. So that Blockworks
dashboard has the volumes as well, which is basically in line where it was a couple of weeks ago.
It's not a peak,
but effectively the drop in MNAS hasn't affected their trading volumes all
that much.
And what that means is they still are raising more ammo effectively every
day to keep buying.
So Tom and crew are going to be buying.
I don't know if it's going to be as much as last week,
but they're going to be keeping at it.
Ironically, I think the best
stats would be like a Dogecoin over like most
of the altcoins.
Yeah. So we have one.
It hasn't done that well.
I bought it.
And then it had like a nice little early pump
and then it sold off like everything
effectively.
We also don't have one place to follow
all of them. The Blockwork one has 17
that's they're following, but it's like 90.
That's what he was telling me. He's like, nobody's indexing them
There's more than what they have, for sure.
That's interesting.
I'm very curious what comes to that.
I also thoroughly disagree on like,
oh, that's the next FTX of the cycle.
And that's what's going to take us to like a bear market at all.
Even Mando broke it down yesterday on the show for everyone.
But I don't know.
I'm not bearish on that, but I'm also,
I'm not bullish on that, but I'm also not bearish on them.
Yeah. I think it's okay to be neutral.
They're going to have more of an impact when they're buying huge billions.
I don't see a world where they're selling billions in a given week,
which is I think everyone's fear.
We're going to continue to monitor the situation.
But I think the fears are overblown see there was a very interesting one which he was telling us
Zeus, I think we covered that, isn't the Cantor one
Zeus? I don't know Zeus
so it's a dat that went public on Nasdaq
and on the Tel Aviv exchange at the same time
and it's the first one
I think, that's what he was saying and maybe it was wrong but
that was able to trade on two markets at once it was telling me that in israel you can't just buy
crypto and so it's a good way for these people to be able to acquire or have somewhat of an
exposure to cryptocurrency via this that another interesting thing that he told me is because he was saying so
what's it like really he doesn't come from our world so like so where's the capital capital of
the world like where do you guys focus your time and energy on in terms of cities that's like you
know miami's big now new york is always gonna be new york there's hong kong singapore it's korea
and i was telling how important the asia market is for us and they make up for a ton of volume. And interestingly enough, there is no bid from Asia really for these dads.
It's a very Western thing.
It's a very American thing.
He was like,
and I think it comes from the fact that I thought about it overnight.
It's like probably because Asians are just deep in the crypto already.
I think that's the piece that everyone's been missing so much is that part of the
institutional bid is that a lot of these firms like literally can't buy a bitcoin or east like
vanguard that's what i said not buy bitcoin or east but they have huge meister uh micro strategy
position yeah right and now we're seeing that you know rotate over to some of the big eat dogs. It's probably not going to rotate to the 10th biggest all coin debt,
but it's going to rotate big ones.
And any of the ones that have like real backing,
like Peter Thiel's tied into it.
Some front families tied into it.
those are going to get some action.
And I feel like the evergreen take that
Wall Street doesn't care what CT thinks.
Absolutely.
But in this way, a good example, MetaPlanet
is the best example from Asia, but there's not a
huge Asia bid on these in general.
I don't know what you gave me last night.
Those beers or a couple of drinks that we had. I'm tired today, dude. man man though I was telling Tyler I don't know what you gave me last night man those beers
or like a couple drinks that we had
I'm tired today dude
I was telling Tyler
sorry I had a meeting for the first time
you're good
we've just been chit chatting
I was kind of debriefing right now
we already talked to our bags don't worry
but we were debriefing right now
just quickly on.
What is light? We'll go there next.
We'll go there next.
you know what, Tyler? That's a great call, though.
Like, this light trade is...
there's not many trades you could have taken
last week besides that.
Oh, Tyler's sending us a little link all right let's just
go there all right let's talk about light so i had had some concern with heaven and the light
trade the last couple days because the revenue numbers were kind of going the wrong wrong way
and yesterday at one point it showed 140 000 like. Like, oh, that's not great. But it turns out that the team had some issue.
It wasn't being recorded properly.
So they updated the revenue numbers.
Keep scrolling down.
1.29 million.
So they're literally neck and neck with pump funding revenue right now.
And granted, this does not
mean they're neck and neck in volume because
heaven is taking a higher
chunk, effectively, of their volume than
pump. But on a revenue
basis, they're still laying on the
juke. Yeah, why?
Analysts to work. Why aren't they in the dashboard?
But huge numbers. they put out a golden
twop basically saying that once they saw once they corrected this they took the bucket of funds it was
like 700k they did a one-off buyback so they put a huge chunk back into the light token they've now
bought back over three million dollars over three percent of the light token. It hit a new all-time high briefly yesterday.
It looks like it's down this morning.
It's hanging out at like $180 million FDV,
million market cap.
We still haven't had any big runners.
So a handful of tokens have gone to like the $5 to $8 million range.
This dark token, opposite of light, if you get it.
Get it, Mando? Are you buying dark token?
I don't know.
I ran to $8 million yesterday, but it's down
a bit this morning.
So I think that's the piece that's missing right now.
it's also hard to force organic
new memes, right? Like, what's the last
good meme that's really run? Let's put Yeezy aside.
It's only troll.
Ibiza guy.
Yeah, final boss.
And those are the things that are
more pop culture.
Again, they're just organic and come up.
I think that's going to be one of the next big tests.
If the next Ibiza guy comes,
is Pump going to win?
Is Les Bonk going to win?
Is Heaven going to win? Who's going to have the meme
that really runs? I think that's going to be a big test.
There's one launch on every single one of them
and then they all kill each other.
100% that's going to happen.
Which is going to be.
It's going to be messy.
I'm still very,
very impressed by the troll performance.
I do want to bring it back.
Like this is,
this is impressive.
I have none of it.
Not in the trade, but that candle yesterday is wild.
Is this something that caused it?
It went all the way to 270 from like 190.
I didn't see a specific cause.
Who saw that?
Interesting.
That is huge.
In other news, speaking of coins,
Rekt. One minute sellout?
New record.
bass line.
I totally missed it. I didn't have a chance.
It sold out too fast.
But they're setting new
records every day.
That's hilarious.
Let's go to Ovi's page.
Let's see.
We're sold out in one fucking minute.
That's actually really impressive.
So there you go.
Someone broke it down, right?
Liquid Lime was less than 40 hours.
Outside Apple was 40 minutes.
Shipwreck was 17 minutes.
Liquid Gold, three minutes.
Jupiter, 20 minutes. and that was one minute
that was their fastest sellout it was i feel like they've got a problem on their hands now
and it's a good problem it's gonna be hard to beat one minute it's gonna be hard to beat the
one minute sellout yeah i think that the next one's probably going to take a little bit longer
but that's okay the other cool thing about this one is there's no token incentives right so so
these people are just buying drinks not getting the respect
yeah i was reading some comments about this this morning like some people saying like
you know bought it because i'm running out um so it's pretty good i mean the speed of which my mom
is ricky on my red cans here i'm gonna have to call tabs get on a re-up I still have like 100 something cans
we're doing okay
on that front
Mando how are we feeling about this market
ahead of J-Pow tomorrow
it's tomorrow right
his speech
looks like we bounced pretty well yesterday
I think it begins today
it begins today but Oh, it begins today.
But the speech is tomorrow.
Because a lot of people are in Wyoming for the SALT conference right now, right?
So this one's been pretty big.
And a lot of people seem to have gone there.
I saw Kay Money take a selfie with Tom Lee.
Did you guys see that?
Kay Money's in Wyoming?
He went to, because there was the Kraken conference,
a huge SALT conference with Scaramucci.
I think Scaramucci puts it together.
It's his conference, right?
I saw Scaramucci up on stage.
I didn't put that together.
I think he's involved.
Look at this, Tyler.
So good. Look at this. So good.
So fucking good.
If I'm being honest,
I could absolutely see that world.
Tommy cracks me up, man.
I like the guy.
He's got his earpods like the guy. He's got his ear pods in the photo.
He's like listening on the call or Tommy's performing.
Oh my God, dude.
That is hilarious.
Yeah, so the SALT conference, I think it's a really, really, really big conference.
It's Karen.
Follows me.
Look at that.
Should get him on the show.
Yeah, it is his conference.
It is his conference.
We saw him in Davos, remember?
Yeah, he was in Davos. I remember that, yeah.
Yeah, we listened to him. Should follow that.
So, listen, there was a lot of stuff going on there.
Yeah, it's with Kraken. Yeah, exactly.
It's at the Four Seasons Jackson.
That's probably a good conference, boys.
Who's Pia? Eric Tron, Kasimani,
Argent says.
Interesting.
Did our favorite KOL Senator Cynthia Lumis drop some bangers
yesterday or what?
I mean, Wyoming dropped their stablecoin.
That is true.
That is true. Interesting.
There's a lot of good stuff going on
there. Scarab, which is like deep in crypto, eh?
It's pretty wild.
He's very deep.
Wait, should...
He would be like the perfect front for like a Solana treasury code, no?
He's very close with AVAX, isn't he?
Oh, is he?
He's tokenizing two of his $300 million funds on AVAX.
So he would need to do an AVAX one.
Could be in the works.
I haven't seen an AVAX one yet.
Interesting.
I'm just throwing this timeline right now.
It's very institutional, of course.
I mean, crypto's gone full institutional now on these things,
but it looks like it's been pretty good what else you got tyler uh we had some big news out of
the cme and fandle yesterday yes market impacts so the cme group and they're teaming up to launch
a new event contracts platform gonna make it much easier for everyday users to bet on markets like S&P, oil, gold, and even crypto.
It's going to be a new joint venture, unlocking very simple yes-no markets for FanDuel's millions of customers.
So we are talking S&P 500, NASDAQ 100, indices, oil, gas, and gold.
Crypto is going to have Bitcoin, ETH markets.
There's going to be GDP, CPI, macro markets, and more.
Jointly operated by I believe it's going to
be in the FanDuel app
as I understand it.
There's some big impacts here.
FanDuel bettors
are now going to have a
direct line
into these effectively
prediction markets.
They're legitimized with the CME as the partner, right?
So it's on-ramping along with legitimacy.
We've got the crypto tie-in as well with the crypto markets.
And it's furthering this trend of the hyper-gamification of everything
along with the prediction market.
We had a long conversation with John Wang about it yesterday.
And that was before this news came out.
And what I see happening, and John hit on it, right?
I personally thought we were going to see a bigger drop off in volumes from the 2024 election into 2025.
And it's really not that bad.
It's not that drastic.
We're still seeing over a billion dollars a month
in polymarket volume.
And what's happening now is you're laying the foundation
for what is going to be just a massive 2026 midterm
and an even bigger 2028 election cycle.
So I think that the next three to four years
are going to be
up and to the right
for the prediction market space.
This is...
I hate to say I was right,
that we got a fully function
and launch and with a great strong base prediction market already out at the cusp of the economic and industry boom of this industry.
It is absurd.
We don't need to go over it too much because we talked about it for like 40 minutes yesterday.
But it's insane how big prediction markets are getting.
And it's changing even sports books.
It's going to change everything.
So it's extremely interesting.
And I love it.
I love it.
FanDuel, let me know if you're trying to acquire prediction market platforms.
You know, we are here.
We are here.
They're all going to buy them, right?
Like, all these companies are going to have to buy these prediction market platforms.
And media companies.
So, you know, I think we're at the right place.
At the right time.
I love that.
We're going to have to do prediction contracts and events contracts on Yeet.
Powered by Myriad.
Just saying.
You have my number.
You know where I live.
I love it.
By the way.
Let's do it.
When's Sportsbook?
Ooh, I saw all the front end for it yesterday.
It's looking nice.
That's cool.
I'm hoping.
KBM is like...
I would hate it.
Dude, that motherfucker must be a tough one to work for.
He's definitely on it, but it'll be coming.
It'll be coming.
That's all I can say, really.
Any alpha?
Any alpha for the show?
Chat, chat, chat.
I think it could be fun because maybe we could do the show from different locations,
stuff like that.
Tyler, we're traveling, baby.
A lot of fun stuff happens
when you own a crypto casino.
Get the Yeet jet ready.
Yeah, exactly.
I feel like I'm seeing Yeet
blow up a bit.
I'm seeing a bit of a shift
over the last few weeks. In what sense? What are you seeing? What are of a shift over the last few weeks
in what sense
what are you seeing different in the last few weeks
more people playing
more people talking about it
and not for Kaido Yaps
organic usage
in commentary
well our volume is definitely
picking up
which is good.
But I think it's a bit of that.
Obviously, we've been sponsoring a few more.
If you're hanging out on CT, I think we're going to start sponsoring a lot more of the sort of content that you know, potentially.
But yeah, I think with these sort sort of things it sometimes takes a little bit
of time for like people to like you don't want to be the first person to try on your platform right
things you often only that's with anything crypto you kind of need six to 12 months to be like okay
these guys have been around i was doing my thing beforehand but i'll give it a try now like it's
been proven
That's the same with me. Like do I can only bollards like go check out a new protocol
I'm just kind of doing my own thing and then only after it starts the game momentum. Do you suddenly feel like okay?
I should go check this out. So
Oh, wow, we still got a shot though, man. This is
I know but dude like he's like
It's tough man. He's good.
He's good, you know?
But the thing is, that means we'll have a dice roll with a one out of three shot.
Yeah, this isn't over, right?
You know that.
So it's, like, we've got to get as hard as we can, really.
Oh, we can see our volume people here.
Oh, I never clicked.
That's nice.
Very nice. Look at that
I think FOMO
In terms of number
Of signups
I think FOMO
Has got the most
Number of signups
I mean come on
We're your
Dude come on
We're your star show baby
We're the main event of ye
We're the first sponsored show on ye.
In the final, we win another...
Or 5k? You tell me, dude.
It's a nice
amount, which we can give back.
We've already won 4k.
So if we beat Wizard, it'd be
5k. And then I think if we beat Wizard,
we'd win the whole thing, right?
There's a big fight, dude.
That Mireille TV is also actually technically winning,
even over Wiz right now.
Like, Mireille TV is a big fight.
So, all right.
Well, time for me to take my talents to yeet.
I haven't gambling much.
I don't really want to gamble.
But I may have to.
It feels like the market
going sideways as well.
Did you see that thing that Greeny posted today?
Oh, the Solana stat? Let's go there.
Are we sure it's right?
I don't know. Let's pull it up.
Let's figure it out if it's right or not.
Yeah, it's this.
That's a wild-looking chart, isn't it?
Now, I think always these things,
the way that Dune works is it just like
it always goes to zero at the end, basically, often.
Is this accurate though?
Like Tyler does make a good point here.
I mean, I was just looking at, this is a DeFi TVL index volumes and it's just up and to the right.
I think that's probably right.
Number of traders, I think it's probably right.
Interesting.
So what's, what's the green line?
That's Solana.
I think obviously there was a ton of bots back in January and Q4, right?
Solana, like number of users is always a really difficult judge.
Love AI agents too.
Yeah, with speedy, cheap blockchains,
you just get bots.
Interesting.
I don't know.
I don't really know about this stat.
But it's true.
Like TVL and stuff is...
Dude, like I remember on the show two weeks ago,
I was talking about linear TVL at like 90 mil saying like pay attention to it.
It's at 400 mil, guys.
It tripled in like a week because of the ether.
Did you see this thing?
I didn't see the latest.
It's insane.
The linear TVL is now at, let's see, 438 mil.
It was 279 like yesterday or two days ago.
Look at this.
This is insane.
Obviously, I pay attention to that in the abstract very closely, right?
So I look at this and it's actually like, so we have like the latest myriad markets numbers
because we study both chains now, obviously, are like the linear traders are coming in strong.
There's less of them, but the volume they're making is just increasing like crazy.
It's quite impressive.
So there's quite a lot of money being flown around.
I feel like DeFi is all the money now, you know?
This ETH boom is just going to make it.
I feel like DeFi is the next meta feels like a safe bet. So what are you know? This ETH boom is just going to make it. I feel like DeFi is the next
meta. It feels
like a safe bet. So what are you buying?
Aigen, Lido,
Aave. Is that right?
Yeah. The big
players. Lido, Aave.
I guess all this ETH and Treasuries
has to be staked somewhere, right?
And we're seeing more and more just integration. Tokenized stocks are going to come into De somewhere, right? Yes. And we're seeing more and more
just integration,
like tokenized stocks
are going to come into DeFi,
Obvious bull case.
Linea is, I think,
going to be a very interesting one.
I think a lot depends
on how high it's going to come out.
But part of me is wondering,
is that going to be
one of the trades of Q3, Q4,
depending on whenever it launches?
That's going to be a good one.
Speaking of linear consensus,
did you see the MetaMask stablecoin today?
Yeah, MUSD.
First self-custodial wallet to launch the stablecoin.
Interesting, right?
They're going to have on-ramp swaps, bridging, everything,
all inside MetaMask.
It's going to be spendable via the MetaMask card
at millions of their merchants.
And it's going to go live on ETH and Linea.
What do you guys use for your crypto cards?
So I've been using...
So I do have the MetaMask card.
Yeah, you do have the IRL one.
Yeah, I have the IRL one.
And actually, your phone number is tied to it.
But I've been using, because I'm comfortable with it, because I have it.
It's my Gnosis Pay one, because it's a Gnosis Safe.
And what I like about it, it's a Gnosis Safe.
So it's like, really like, it's actually MadMass2 is proper self-custody.
But the MadMass card is a debit card.
The Gnosis one is a credit card.
That's the difference.
But I've been using the Gnosis card for...
I actually don't use my credit cards anymore.
Is that a physical card too?
It's a physical card.
I can connect you to the team directly.
They'll sort you out and send it to you overnight.
And so I have Apple pay for it.
So I don't even use the physical card.
I just have it right there like in my thing you know yeah that's nice
so it's uh yeah it's nice i use it for everything i like um so it's in euros so it's like a year e
card so like i transfer like i top it up i go on d bridge and i just like bridge like usdc to to
year e on noses chain it takes
like two minutes and then that's it i just use it for everything no no cap on spending either
not bad um you know if anyone can listen i would like the physical metabaskar you still don't have
it i don't okay hold on hold on this changes now i feel like I've promised you that for a long time
And I haven't actually messaged
So let me just fix this right now
Linea, MetaMask
Where's our girl Liz?
Liz is the fam, you talk to Liz
She retweets her shit all the time
I'm live on air right now
And Tyler did it
Wants a physical MetaMask card
if MetaMask had a kind of leaderboard I think I would be top 10
alright well I said the message now like for real this time there you go Lox is Oh my God. All right.
I said the message now,
like for real this time.
There you go.
Lox is even typing in that chat right now.
There you go.
We got you.
We're going to get you that way.
You need one too,
Mando while I'm at it?
All right.
Mando wants one as well.
There you go.
The whole FOMO hour crew
needs an MM card.
Logs said, tell him you can get one
if he gets a fox tattoo.
Goddammit, Logs. He gets his whole sleeve
tatted once everybody...
Metamask cards for everybody!
It saved us yesterday at that chicken place i went to with
logs they only accepted cash and i didn't have we didn't have anything no cards nothing thankfully
logs has this one metamask card he was able to just go to the atm and take some euros out so
it's actually pretty interesting like i just love the fact that like it's a different sense to
crypto right it's like you have your stables it it's crypto, it's in a credit card. Then you get
cash, like cold, hard cash out. Like it's like a different relationship with crypto.
I feel, it feels nice. You know, you actually feel like you have money. Um, you know, like
I, I used to travel around like my Canadian credit cards to get like, I was notoriously
bad with that. It's so annoying. Like everywhere I went, my credit cards would get like, uh,
like frozen over nothing,
like over a steak dinner, for example, in London. And then I always had problems. I have never once
had a problem with my Gnosis pay card. And actually when my wallet got stolen a few months ago in
Paris, all the other ones, it took a month to get them back and to freeze them took an hour on the
phone. Gnosis texted the guys, throw it's done, got a new card next week.
So we even get better service
with these credit cards.
So I like that.
And a lot of them have a lot of good cashback rewards,
by the way.
Waze Wang is asking, can I use my PolyUSD
with MetaMask?
You have to put it on Linnea.
You have to bridge your USD to Linnea.
There you go.
And by the way, I'm sure there's something cooking with that.
I don't know.
There's got to be something cooking, right?
85% of the token, Linnea token, goes to ecosystem?
I don't know.
I know nothing, by the way.
We talk to them a lot, but we don't get all this little piece of information.
So don't, all this little piece of information.
So don't, you know.
So, but that being said, it's $356, so let's get some money away.
The code was troll today.
T-R-O-L-L.
I mean, look.
If you're on Spaces, if you're on Video, you get the code on Spaces.
There it is.
T-R-O-L-L. We did share it on screen, actually, for like half the show.
So, T-R-O-L-L. That was share it on screen actually for like half the show. So T-R-O-L-L.
That was the code.
Both for big moments.
I see Yeet on my timeline a lot.
Like a lot, a lot.
All right, Mando.
We're giving money with it.
You're not going to win today.
You're not winning today.
Yeet is not winning today.
Holy Bean.
Holy Bean.
I love the name.
There you go.
Let's give somebody.
Holy Bean, is he in the chat?
I can't see the chat.
I can't see the chat. So Holy Bean is the person in the chat. Holy Bean't see the chat.
So Holy Bean is the person
in the chat. Holy Bean, Holy Bean, congrats.
Oh, he's here. He's here.
Woo! Holy Bean,
Are we playing some Lamp Shop?
I want to play Lamp Shop.
We gave away a lot on Red Radio yesterday.
Yeah? How much? How much did it win?
Nearly five grand.
Oh, just over five grand.
Holy shit.
Guys, we're nearing a thousand followers, lads.
I want to see some love on our DJ's live content, y'all.
We're working really hard across three different shows.
Three shows hosted under the same umbrella.
So make sure you show us some love, everyone.
We're almost a thousand right
Thousand followers big shout to parallel AI rave
For giving us a bunch of subs AR number two spacebar 32. I love that. Thank you guys
And so let's give some one way. I can't read them
He's already he's already showing tracks by the way. Okay, easy more tracks
Yeah, what mode?
All right, you guys can hear the music right?
This basis can but
We got to the tracks that was wild
There's a new mode here turbo mode. I'm not gonna do it but alright, so is he saying easy mode?
I'm assuming easy right to the tracks
He hasn't said anything since but he definitely said tracks and just follow in to see if he does come up with it
You gotta do it easy right?
What do you mean?
We took someone on hard the other day.
We took someone to the tracks on hard.
All right, slam them both on easy.
He's not giving a comment, so let's go with easy. All right, to the track.
Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on. Come on.
Come on. Come on. Come on. Come on. Come on. Come on. Come on.
Just. Just. Just. Just. Just. Just. Just. Just. Just. Just. Just. Just. Just. Just. Don't. Oh.
Oh my goodness. Brutal.
All right. It's running back. Hold on. I need a sip of water.
So we had a 2X in hand. I guess.
Well, he's already got 500 bucks in the pocket, so let's stay in the tracks.
To the tracks.
To the tracks.
To the tracks.
To the tracks.
It works when you sing.
To the tracks.
To the tracks.
Knock him out.
Knock him out, dude!
Oh my god.
Shit. Oh my god Mando wins again You want to do one more run
Do one more
He is delayed right
I'm going to say this
He is delayed it looks like
Because as you were doing it
He said medium
Okay so medium
i think if you're gonna get if you're gonna give him another spin do it on medium shout out to our
sponsors yeet.com use code fomo hour all right gamble responsibly let's go medium to the tracks
mando you pick because you're paying for it let's do four and let's see where we're at. Okay, so there's the first one.
Who made this game?
Holy shit.
I don't know.
What we go up to death with, it's just like,
oh my god, what have's just like Oh my god
What have you tried
That was so funny
I need to return to player on
Oh brother
Can we try one on Deathwish
Yeah yeah yeah
Okay but with how much
Like the 250
250 on Deathwishes
All right Mando's feeling, Mando's feeling lucky.
Mando's feeling lucky.
And that one's still for the winner?
Is that...
This is why you play every day, folks.
Look at that.
Lucky winner today.
He gets fucking four different runs.
And he's already made $500.
Are we doing Deathwish?
Yeah, we're doing Deathwish.
The boss...
The boss said...
Come on, boys.
Look at these.
Oh, my God.
I need everybody in the audience.
If you're Jewish, if you're Muslim, if you're Christian, if you're Buddhist, I want you to pray.
We're going to the tracks.
We're taking her to the tracks.
No matter your God, I want you to pray to it right now.
And if you don't believe in God, just pray.
Scroll all the way across and look how much it is.
Scroll all the way,
and have a look what it is at the casino.
We go to the barn.
Jesus Christ.
$30 million.
I have to say, though,
this guy wins $30 million
each for the team.
Including you, Sims team Including you Sims
Including you
If he makes 30 mil we're taking a cut
I'm saying it on air on the record right now
If he makes 30 mil we're taking a cut
Alright with that being said
The hand is here
Oop, done one
Fuck off, man, all of this for that
All of this for that
We got caught up, we saw the dream, we saw the 30 million
And we thought we should do it
I'm doing $2 on Death Wish, because we have $2.60 here
That's pissing me off, my OCD
So $2 to make
Come on Come on, come on So $2 to make $240k.
Kick him off.
on Death Wish,
that's like,
that would have been good.
Let's stop gambling because now we're just going to keep playing for an hour.
We're just going to, you know an hour we're just gonna you know
one day that could be fun like not on full mark because obviously that's not the purpose of this
show but we just kick off a stream one night mando and we just put in like i don't know 10 grand each
yeah and we just rip it like our money we we keep whatever we just fucking rip it like
i'm down for that i'm thinking about creating a kick account i'm thinking about doing it me
uh so who knows Let's do it.
Make an account.
You can stream on the DJ's thing too.
We can fucking – let's rip it.
Sims can sort you out.
I'll come in.
I'll put like 10 grand.
Let's just cook.
Let's just – anyways, with that being said, that was a great show.
Tomorrow reminders.
Two winners tomorrow.
Two winners.
There's a subscriber that will be picked and win and the winner from the usual Friday. It's going to be
Friday, so corner is going to be a lot of fun with that.
With that, with that, we'll sell tomorrow morning, 10 a.m. Eastern.
Standard time for the episode of FOMO Hour
on Rock Radio. Let's
go. Thank you. Oh, no. Oh, no. Oh, no. Oh, no. Oh, no.
Oh, no. Oh, no. Oh, no. Oh, no. Oh, no. Oh, no. Thank you.