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FOMO HOUR: WEEKEND RECAP, MARKETS AND NEWS.
Recorded: June 9, 2025 Duration: 0:56:28Space Recording
Short Summary
In a vibrant discussion, the crypto community buzzed about the explosive launch of Plasma's ICO, which raised $500 million in mere minutes, signaling a potential resurgence in altcoin activity. Additionally, Gemini's IPO filing and X's partnership with Polymarket highlight the growing trend of established crypto firms seeking public funding and innovative collaborations.
Full Transcription
Thank you. Yo, yo, yo, yo, yo, what's up, what's up, everyone?
It's Miriam on Cidgium, it's a co-host invite.
What's up, Miriam?
What's up, Ty?
What up, Rocky?
What up, Yugel?
What up, Castro?
What up, Pinstripe?
Harry Krishna?
What up, Alex?
Poor, yeah, John, Gauthier, Jade?
What's up, Sabat?
What up, Kyle?
What up, what up, everyone?
Get your retweets in, lads.
Get your retweets in.
What up, Ryan?
What up, Bill?
What up, Boro?
What up, GM?
It's a green morning. I want to see some retweets. I want to see some shares. I want to see some love. This is going to retweets in. What up, Ryan? What up, Bill? What up, Boro? What up, GM? It's a green morning.
I want to see some retweets.
I want to see some shares.
I want to see some love.
This is going to be a big show.
You actually love to see that.
Let me see some love in this bitch.
What's up?
What's up?
What's up?
All right, Sims.
Kick it, baby. Thank you. yo yo yo yo yo what up what up good morning good morning gmg yeah monday oh baby monday june 9th 2025 look at another beautiful day to have a beautiful day
i got my co-hosts in the house tyler mando good morning good morning how you guys doing today
good morning brother how are you um fantastic ish you know i'm fucking hurting
you're looking a little red shut up i'm i'm in pain i i i i like i went to the gym real quick
right now and i had barely time to eat before the show so i hadn't had to put my cream on so i might
i might put some cream on my face and my body while you guys talk about the market today but i'm i'm burdened what a dude that was like
like a rug pull sort of thing like i i was not expecting this to hit like that rug by the sun
dude uh canada man goes to the beach for the first time. I got used to like, this is like my first like beach session
since Ibiza last summer.
So you gotta know that.
You know, like I haven't gotten much sun.
Actually in Dubai,
I was inside all day long
because I was so busy.
So I didn't really get sun until like,
since like last beginning of August, lads.
So I'm,
I'm in pain.
Anyways, SPF
this is going to be my new token.
SPF 700
Put some SPF 70 if you're planning
on having a year of summer, everyone.
Because the sun is
hitting over here.
And it's tricky. It's tricky. You think the wind's
going to make you cool, but the sun is hitting.
Anyways, Tyler, how are you doing today?
I'm good.
We went to the beach yesterday as well.
Didn't get quite as sunburned as you did, luckily for us.
Geez.
I woke up this morning and Bitcoin was over $107K.
So it's like a nice little week here in front of us.
Yeah, it's nice. You here, I promise. Yeah,
it's nice.
You know,
the craziest part is
my face is the least red part
of my body right now.
and the least painful part
of my body
because I had special cream
for my face.
It's,
it's not the parts you think
because I was wearing
a bathing suit,
but,
you know,
I'm like,
I'm cooked.
It's cooked.
It's the first time I burn like this. Like, I'm usually the guy at the beach that's like, yo, you know, I'm like, I'm cooked. It's the first time I burn like this.
Like, I'm usually the guy at the beach that's like, yo, you got to put your fucking SPF 90 on.
I'm usually the grandma at the beach.
But, yeah.
The wind got you.
The wind got you, man.
Oh, fuck.
And the cold-ass water, too, dude.
I don't know.
Anyways.
Anyways, today on the show, today, we'll do a little weekend recap.
It's looking good, boys.
It's looking good.
Weekend recap.
A lot of news.
Let's talk about the markets.
I mean, Circle.
Damn.
More IPOs on the way for sure.
Plasma.
Half a billion dollars.
Dude.
Oh, my God, dude.
That's insane.
Some more news everywhere.
So, let's talk markets.
The market's, you know, very, very, very hot.
Let's put it that way.
Some would say red hot. For real red hot. Let's put it that way. Some would say red hot, Farouk red hot.
That's what I would say.
Not Farouk red candles, but then Farouk red hot in terms of the market.
Tyler's top 100, top news, all that good stuff.
I'm sure he's got a lot to cover with us today.
And then a giveaway, FOMO Hour, the code, heat.com.
We'll give you a code during the show.
And make sure you sign up using the FOMO Hour sign-up code.
And make sure your account is public, please, so we can pick you.
But also that you have at least placed a bet on the platform
in order to be eligible or else the same people
are going to win every weekend.
Good for them.
But make sure that you do that
if you want to have a chance to win a prize
that we give away every single day on this show.
And then last but not least,
this show is powered.
This show is powered by Wallet Connect.
Wallet Connect is a connectivity network
shaping the future of on-chain UX. If you've connected to Web3 app, you've seen Wallet Connect. Wallet Connect is a connectivity network shaping the future of on-chain UX.
If you've connected to Web3 app, you've seen Wallet Connect. That blue logo, it's everywhere.
An icon of trust in crypto is recognizable as Visa at checkout.
Want to learn more? Follow Wallet Connect on X and Telegram to stay ahead of what's next.
But also, we picked up a new rolling sponsor here on the show.
Love to see that. Kraken Pro, baby.
They were so back.
Shout out to Kraken Pro.
So with Kraken Pro, you get full control over your layout.
Drag, drop any module.
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If you trade pro crypto, check it out.
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Trade without tradeoffs. There you go. Mando. Damn. I love that Kraken.com. Trade without trade-offs.
There you go.
Mando.
Damn.
I love that Kraken's back.
I use Kraken all the time.
It's my only exchange.
I really fuck with them.
So I'm really happy I'm back with them.
Anyways, Mando.
Up to you.
Who is the man?
Macro daddy of the land.
Can you dig it?
GM everyone.
We've had a decent day, it feels like.
It was shaping up to be a bit of an uneventful weekend.
And then Bitcoin started to edge higher.
And then this morning, it edged all the way up to...
Where is it right now? Like 108k?
I haven't even refreshed it yet.
$107,400.
$107,400.
So decent level.
Bitcoin dominance is up very marginally,
but there's been a decent rally across the board in altcoins too.
There wasn't really any amazing news over the weekend.
We'd obviously had that big sell sell off because of Elon versus Trump.
Which made no sense,
by the way.
Yeah.
And then,
but we seem to have reversed all of that now and seem to be heading a little
bit higher.
There were some like trend lines that seem to have been broken on Bitcoin,
which people get bullish.
We're getting bullish about,
including James Wynn. But all I've really seen is- Big game, James.
It's more Bitcoin treasury news and yeah, it's a continual stream of people coming in to buy
Bitcoin. We've seen on the ETFs, it's been a bit more measured, less imposing ETFs. ETH's
definitely been the stronger for the ETFs, but it definitely
feels like crypto, yeah, it doesn't feel like it's falling out of bed here with the amount of
people coming in and saying they're going to buy. The big news today in a more, I don't know what
to say micro basis, but on smaller projects, you have Plasma, which is this very oversubscribed
ICO that's coming out. I think it just came out, right?
Is that right?
It just happened.
It was the pre-deposits to get you to the ICO.
So you had to deposit today to get access.
Wow.
Okay.
So they just smashed through it.
Yeah.
It sold out in the first block, actually.
Oh. Yeah, it sold out in the first block, actually. Huh.
Yeah, indeed.
Wow.
Yeah.
Okay.
It's ICO season, boys.
Yeah, this is Kobe's platform, obviously, Sonar, which is doing this.
And it feels like we're going to see a ton more on the back of this, right?
Oh, yeah.
Feels like
ICO season is
definitely back. And people thought there wouldn't be an
altcoin season. Let me tell you, brother.
I got news
for you.
This is literally insane.
Look at this. $500 million
public sale.
In seconds.
That's a little misleading.
So what happened is Plasma Foundation, they opened up deposits.
It's going to be a stablecoin blockchain with yield and all that.
So you're depositing stables, 40-day lockup.
Based on how much you deposited,
you get pro-rate of access to the ICO,
raising $50 million
to $500 million in FTV.
Got it.
Okay.
I see.
Yeah.
Just to be very clear,
the sales don't happen yet.
It says we'll never change.
We full stop.
Okay.
That's good.
That's good to know.
Anyways, market-wise,
I mean, man,
we're looking good, right?
$170,000 Bitcoin.
We had a big close yesterday.
We're looking
good. I would say that
that ICO thing is pretty
bullish.
Someone paid 43 ETH
in gas fees to successfully deposit
10 million USDC.
He also paid $100, 10 million USDC into plasma. He will pay
100 grand to put money on plasma.
So bullish.
I don't know. That meta is an interesting
one if it comes back.
Definitely
an interesting one if it comes back.
We managed to close the week green
too. That's
crazy because it was looking quite red last week. interesting one if it comes back. Yeah. We managed to close the week green too. Like that's,
that's crazy. Cause we,
it was looking quite red last week.
Yeah.
I feel like Bitcoin is going to have another run at all time high this
week.
Yeah.
That's just my,
that's my gut.
Yeah.
For sure.
Macro wise,
we have CPI,
we have PPI,
which are both inflation metrics.
The main thing is that the 10 year and and 30-year continue to go higher.
We're hitting the highs since the financial crisis now on some of these bond yields.
So nothing's broken yet, but that remains a little bit of a worry, I would say.
But the market isn't really reacting like it worries. It's worried
too much. Yeah, we have stocks slightly higher again today. Stocks are at their highest level
since February. We're close to all-time highs again. Wow. Yeah. That's incredible. So these
high bond yields haven't really expected much. Tesla's down a little bit again today.
In that back and forth, it seems
the Washington Post ran a story that,
well, Steve Bannon said that they'd actually gone to a fight.
I saw Tyler talk about that.
It was pretty wild.
But Trump basically said,
I'm done with Elon as well again over the weekend.
There's nothing more to say
and Elon deleted all his tweets and is now supporting Trump again
seemingly
he fucked up
yeah I wouldn't want to get into a fight with the
president of the United States
there's richest man in the world but then there's more powerful man in the world
you know whether Elon is right or wrong about
the bill doesn't matter at the end of the day
you don't publicly beef with the president of the United States of America.
Yeah.
On a platform.
Power is power.
Power is power.
I think, ladies and gentlemen, you got a lesson last week in powernomics.
You know, you don't fuck with power.
You know, so anyways.
All right.
So you said there's some data coming, PPI and stuff.
Is that this week, Tomado? Is that something I pay attention to? That's this week. So you said there's some data coming PPI and stuff. Is that this week?
Is that something I pay attention to?
That's a big,
it's not,
so it's not a small week for dating.
We have some stuff that can move the market a little bit.
let's see.
Let's see what happens.
All right,
perfect.
Well,
good.
That's good on the market side.
Look,
we have a heavy news day.
So Tyler,
we'll just go to you right now and have a couple of car with zero plasma circle on the other
stuff.
Cause,
there's a lot going on.
For daily NFT and crypto analysis.
Tyler D on FOMO.
Our calls to KitKate.
Ready to bash the bears.
Yeah, folks.
Crypto makers green and running this morning amidst U.S.-China trade talks ongoing.
Bitcoin up 2%, 107.5. ETH up 1%, 25.30.
Sol hanging out. Where's Sol? 154. We had the ETH ETF's 15-day inflow streak through Friday,
837 million in net inflows across that time. So that's a pretty strong streak right there,
That's a pretty strong streak right there, especially amidst some weakness on the Bitcoin side of things.
especially amidst some weakness on the Bitcoin side of things.
Saylor, he's back.
He announced that they bought $110 million in Bitcoin in the past week, including some weekend buys.
He doesn't always go into the weekend, so that was interesting to see.
In other headlines, we had the Trump team come out and say their Trump wallet has been shelved.
Eric Trump confirmed the official Trump meme coin wallet will not launch due to a branding clash with World Liberty Fi.
He also announced support for that Trump meme coin wallet will not launch due to a branding clash with World Liberty 5. He also announced support for that Trump meme coin.
It's all a brief pump, but it wasn't super long-lasting.
Gemini confidentially filed for an IPO
following that Circle IPO success.
Speaking of Circle, that stock up another 15% today.
It's sitting at 123.
I think it touched 133 this morning.
So this continues to grind up now well over $20 billion market cap.
We had X, Twitter, announces joining forces with Polymarket as official prediction market partner.
So you're going to see a whole lot more predictions on your timeline.
That was a big one on Friday.
The Senate and House committees rapidly advancing the stablecoin bill and market structure bill.
Key markup is expected in this next week.
In token airdrop and protocol news, Plasma, as we just talked about, they opened up their deposits this morning.
$500 million raised in two minutes, first block ahead of their upcoming sonar sale.
Pump fun, more reports are coming out that they are considering doing
revenue share with token holders along with the 10% airdrops to users. That first report
did not include airdrops. So now it looks like the airdrop might be in the mix. Again,
still just rumors. Skate Token, that went live for Kaido Yappers and Stakers this morning. And
then RECCoin opened up that REC claim. I haven't done the math yet. I believe that the REC tokens paid for the drinks in full once again.
Woo!
I love to see that.
Rounding this out, AI was up 5% to $10 billion,
I think largely on the back of Fartcoin and virtuals in green on the day.
Memes were very green.
SPX up 12%, Fartcoin up 12%. Kind of leading the way right now on the day. Memes were very green. SPX up 12%, Farcoin up 12%.
Kind of leading the way right now for the majors.
We had tokens like this.
Mixi token was up 60% to 80 million.
Launchcoin, I think this is a big story.
We are seeing a bit of a rotation
from the new meme coin trenches
back to some of the more like products.
ICM launched coin back to 200 million.
Several of the Believe App ecosystem tokens were big runners this weekend.
And then Stars Arena over on AVAX.
This thing's back up to 240 million.
Basically a 3X in the past week.
So big movement there.
And NFT is just rounding this out.
Major is kind of just
chopping, declining a little bit
Bad Buns up 100% of the week
and then Project Aeon, the NFTs tied to SBX
up 70% there with top
gainers on the week
and then some Ape Chain NFT action
I think OpenSea opened up a quest for folks
to buy Ape Chain NFT to get rewards
and several of their NFTs pumped on the
back of that, so that is the roundup Apechain NFT to get rewards and several of their NFTs pumped on the back of that. So that is the roundup.
Apechain NFTs.
So where do we even start?
Because there's a lot of stuff I want to talk to you guys about here,
whether it's the Poly News, whether it's LaunchCoin, some MemeCoin action, Circle.
I mean, I guess we should start with Circle
because we really covered that extensively on the show last week.
ChatGPT, undefeated.
I saw we posted another clip of us asking ChatGPT what to do
with the strong buy signal.
I mean, boys, this is like a 4X, nearly a 4X from open.
What are two questions?
The success is incredible.
My question mostly is,
are we going to see this happen more often
this successfully?
Because now everyone's going to want an IPO.
It's a massive success.
I do think we're going to see a lot more IPOs.
We've already seen Gemini file.
I think the warning out there, the soft warning,
is that you probably shouldn't expect circle-like gains
for all the upcoming IPOs.
I think this was kind of a unicorn launch.
It was the first real crypto IPO since Coinbase.
It had the stablecoin narrative, had a good
US regulatory setup, and in a bullish
crypto market as well. And it was very unexpected.
I mean, a lot of CT was cut off sides. I whiffed on this trade. I thought it was
overvalued at $6 or $7 billion. It got all over my face.
Now it's 300% higher.
But the next one,
people won't get cut off guard.
Right?
So I think it'll be a different setup.
You're going to have to evaluate
all of them individually.
But I think it's clear
that we're going to see more of this.
Now there's this kind of running narrative
on crypto Twitter
that people are going to leave crypto
to go back to stocks.
I'm not buying that.
This is like the most insane bottom signal
in the history of bottom signals
in crypto, I think.
Influencers are buying stocks now.
It feels a little bad.
Amanda, I see you smirking here.
Do you agree?
This is so funny to me, right?
Yeah, cool.
We come full circle back to stonks.
I feel like this is...
I wouldn't overplay this necessarily.
I do think this is slightly a bubble within itself.
The whole reverse SPAC into crypto treasury,
I think will get old and could turn,
particularly for things that aren't Bitcoin, let's say,
or maybe ETH as well.
And then I see this and I think Circle has a very unique narrative
in that it is just purely a stablecoin.
It's purely a stablecoin.
We've seen Kraken IPO-ing, I don't think it's going to be some incredible trade.
Coinbase, if you want to own Kraken, you can own Coinbase.
Do you know what I mean?
It's not like it's a unique trade.
Whereas I think Circle has a unique trade for it.
Or Gemini, what's its pitch going to be?
Oh, we're another exchange
we're slightly smaller i i feel as though the reason why my circle is trading into high multiple
is because of that um so i think we will see a bunch of them ipo but do not expect the same
performance as circles here because circle i, just has that stablecoin narrative that none of the others do.
You could maybe argue Ripple would command a really high multiple, but I think the main thing is, look at Coinbase stock.
Coinbase stock hasn't really soared.
Let's have a look at that. I haven't looked in a while. I mean, it had an incredible cycle this far, right?
I haven't looked in a while.
I mean, it had an incredible cycle this far, right?
Let's see.
It went all the way down to like sub 100 at some point.
Okay, so 253.
Yeah, it's back from quite the dip though, right?
Let's see the weekly.
Right.
I mean, it's not doing terribly.
My point is that it's not doing what Circle just did.
It's not like we can't have,
like everyone's desperate for crypto exposure.
Like Coinbase is, it's rebounded from 160 to 250,
but it's still comfortably below.
It was 350.
Yeah, I mean, they opened too big, right?
Like I like how Circle,
like they were getting some slack.
They won Mendoza and, oh, you could have opened bigger.
I think, Tyler, you covered that.
But I think this is a situation where, like, everybody ate.
Yeah.
We'll see.
I think I'd be careful, like, if you, for the people
that are going to chase these, like, I wonder, like,
I still rather own Bitcoin Ether Solana, let's like, I wonder, like, I still rather own Bitcoin, Ether, Solana, let's say, than most up and coming IPOs, unless I were to buy them pre IPO.
You know what I mean?
Well, I think pre IPO is the trade for a lot of these, right?
And I think the average person doesn't have that.
Yeah.
You have to compare them to everything else.
And like, whenever anyone, whenever the pitch is,
it's free money.
Everyone rushed there.
Do you know what I mean?
Yeah.
Normally it doesn't last that long.
Like it just doesn't last that long.
Like you've normally got like a month or two of that.
So maybe we'll start to see like everyone try an IPO.
But,
but I think only ones with very unique
narratives can maybe command this sort of like
this sort of premium.
I don't think my IPO
is going to do a 3x off the break for example
or otherwise Coinbase would be
ripping. I don't see why Jim and I
would do that. I don't think they have enough demand
on the market for that.
I also don't forget the circle part of the circle price action,
a lot of the IPO investors effectively are told not to sell
for what, the first 60 days?
Robin Hood gave that message out.
Got it.
Yeah, we did.
Got it.
IPO users.
So perhaps a little bit less sell pressure.
I don't know.
I'm respecting the pump.
I think it very likely could go higher from here.
But let's not forget, Circle has a lot of competition.
DoshaBank came out this weekend and said they're evaluating,
doing their own stablecoin.
We know this is a competitive space.
Is that cup and handle?
I'll show you a cup and handle. You want me to show you a cup and handle, Mando?
Yeah. Where's it? Oh, Falkcoin?
Let me show you a cup and handle, Mando.
It's in my bags.
Oh, cup and handle. I'm sorry, but is this not a cup and handle?
I'll show you a cup and handle, Mando.
You want me to show you another cup and handle?
Hold on. This is the cup and handle. This is the cup and handle, but can I show you a cup and handle. You want me to show you another cup and handle? Hold on.
This is dark cup and handle.
This is dark cup and handle.
Can I show you another cup and handle?
That's a handle, right?
Because it's flat.
Oh, let me show you another one.
The handle is pretty flat.
I can show you another one here too.
Is that like a cup to you though?
If someone served me that, I'd be like,
wow.
There's different type of cups, right? There's some that are
made in England, some that are made
in Portugal, some made in the USA.
All sorts of
different cups.
The Portuguese cup is what I'm saying.
The Farcoin one is looking better and better.
It's finally starting to go.
I'm curious when Coinbase is going to start trading here.
But anyways, Tyler, what else do you have for us today?
You were talking about LaunchCoin.
So tell us more about the LaunchCoin Eco.
This is looking good.
Yeah, I think this is somewhat surprising to a lot of folks.
So I'll give some firsthand perspective.
I was,
perhaps I was the last soldier,
like the Japanese soldier on the Island.
I traded some pure memes on Solana last week after the pump fun announcement
and just got absolutely wrecked.
Just totally destroyed.
And like I'm seeing,
I think we saw that the Elon,
the America party fiasco
that played out what was that Friday
into Saturday
$85 million in combined volume
across these two PVP tokens
and none of them got past 3 million
I was just going to show you
that like
that is an unplayable game
I've seen some of these
takes on the timeline.
People are fucking annoyed at the moment, aren't they?
They're just like, stop with the PvP.
Let's just at least have one fucking coin that wins.
That was a pretty good set up to have at least a night runner.
Elon comes out with a new political party.
And then you get one called America Party and one called the America Party. And they just battle
each other. It's so insane.
There's no point playing that game.
So what's happening, though, is
whether it is
worthwhile or not,
a rotation to the
Believe ecosystem.
So, I mean, several
of the eco
tokens are up substantially.
Wow.
It hit like 110, I think.
So it's up 2x.
Wow.
This KLED token hit 30 million, 35 over the weekend.
It's at 24 right now.
It's down a bit.
There's been several in like the $1 to $2 million range
that have seen like three to four Xs.
So there's some action.
This feels like more of where the action is now
than just pure like,
okay, here's a funny new meme of the day.
Let's trade it for a few hours.
That feels like it's over temporarily.
I don't think it's over forever.
But until something changes,
until the PVP changes,
perhaps until PumpFun token comes out,
it feels like the pure mean play is over for a little bit.
Also, could be rotation back to the more established ones.
Yeah.
So like we saw SPX up 35% of the week.
Farcoin, of course, grinding up with a huge potential week ahead
if we think we're going to get Coinbase.
And the SPX chart is arguably one of the best charts.
Damn.
Yeah, SPX is wild.
Wow.
Pay attention.
Uh-oh.
Uh-oh.
Mando's telling you to pay attention.
Be careful, everyone.
Famous last words.
He told us to buy ETH.
I once again didn't do it on his body.
That's BX.
Hey, this is a good ETH beta.
Pepe also bounced pretty well
off the lows here back at $5 billion.
Mark's bouncing.
It's an extra set of pretty established ones, right?
So you've got less daily competition
not everyone
I feel like the launch coin
is a very divisive
slash hated rally so you've got a lot of
a huge section of the market that's not going to touch
those tokens
at least
for the near future
which I think makes them interesting but
it also helps the more established ones.
So it's going to be interesting what happens.
If we see Bitcoin go to an all-time high this week,
what else is going along with it?
I think it's SBX and Farcoin.
I think it's probably hype.
Yeah.
What's hyperliquid at right now?
Like 36?
Yeah, it's growing back upid at right now? Like 36? Yeah, it's growing up.
Wow, man.
Wow, what a trade, eh?
It's going to go through prices coverage at some point again, right?
Once it breaks above that?
Yeah, if it breaks above 40,
people are going to get pretty excited, I think.
Huh. The other one, flying perhaps under the radar, the arena, Stars Arena.
I just saw that.
It's up 240 million FTV.
So what pushed that?
These guys are cooking.
I met the founder in DC, actually.
They just continued to build through a pretty long fair market they've got their own so like
they are becoming an everything app right it started social fly but now it is a
a bona fide trading app they've got like a trenches section they've got a wallet in their
portal so you can do all this and i think some of their trenches tokens are starting to have
some success.
There's been a little bit of an AVAX meme season
here as well.
I'm not in the weeds on that,
so I can't really speak to which tokens
that have been doing well.
But it seems to be propelling Arena quite a bit.
Wow.
This is impressive.
Man, are you in the Arena trying things?
Yo, what's with Chamath talking about the size of his dick?
Yeah.
Have you guys seen that?
It's hard to show up to X and not see the Chamath tweets because everyone just...
Like this guy's talking of his own cock as like an anaconda.
Like this guy's talking of his own cock as like an anaconda.
Do you guys see that?
He goes, like, this is like, that got lost in between like Trump and Elon fallout.
And then all of this stuff, like, you know, cause you said arena and you remember he's
like in the arena trying things, doing things, whatever.
So that made me think of Chamath.
Someone saying like hell of a transition.
Yeah.
Money definitely can buy aura, but he goes, I'll bet your entire net worth, X10,
the Anaconda is the worst kept secret of the Silicon Valley.
Worst kept secret.
Yeah.
Strange message.
Right, guys?
It's a little weird, no?
He has this knack of taking these situations
and making them about him.
This was during the whole
Trump versus Elon thing.
Yeah.
And then Shemov came in.
Like, what about me?
Let's talk about my statistic.
Yeah.
I didn't watch all this weekend.
Did they talk about Trump versus Elon? Who? No, I don't know. I don't watch all this weekend. Did they talk about Trump, Mrs. Elon?
Who?
No, I don't know. I don't watch.
I think they didn't air their episode this week.
Wow.
Well, because this guy's talking about his
anaconda on the timeline.
Oh, I want to watch this.
He goes, I'm having trouble
hearing you. Can you say it again?
And then Nikita Beer
like ratioed him
like really badly too.
So like a lot of people
got involved in this.
He goes,
is that the money you stole
from middle class Americans
in pump and dump schemes?
Yeah.
I'm enjoying that.
Yeah.
If you look up Chamath
on Twitter,
X, it's pretty wild.
Anyways.
I got to run.
See you, Mando.
Anyway.
I just saw it. I had to bring it there because this timeline has been insane, Tyler.
Anyways.
I do want to shout out to Virtual Zico 2 is doing good.
SPX, its little ecosystem is doing good.
Eco meaning its holder and its community is doing good.
Farcoin is back up, which is really good.
114, while it's popping hard as we're speaking.
Farcoin is doing good again.
So that's outperforming as well with SPX.
Launchcoin is doing good. Shout out to Rekt after the this PX. LaunchCoin's doing good.
Shout out to Rekt after the airdrop today to the Shipwrecked holders.
Once again, it's not the first time that Rekt pumps in the airdrop day, by the way, which is doing good again.
So love to see that.
Pepe's back above $5 billion.
Mog bought them pretty well.
Hopefully they catch a good bid here.
We're seeing some good hyperliquids in a good position here at $37.
You have Solana, the hopefully bottom, bottom in the 140 mark, Tyler, we could see a good, uh, pump here. Like we like Bitcoin's about to hit all time high again. Ethereum hopefully
catches more of a bit here. Like it balanced pretty well, but I would love to see it back
at $3,000 personally speaking to get like turbo bullish again. Like we're, we're starting to see,
like, I don't know. Like I know some people were scared
by like a week long fake out here, Tyler,
but y'all gotta be a little more patient, man.
Like we dumped on May 29th.
Then we dumped harder May 30, 31st, right?
We dumped harder during,
into the monthly close,
but we still managed to like close
the next weekly after that green.
Like, and then we went what?
To 100K, Tyler?
Maybe quick,
tiny,
flash week to 98,
99K.
But,
people gotta be more patient,
Like,
why,
I don't,
you and I are patient.
We just wait,
but,
man.
How much more reinforcement
do you need?
This last dip to 100K
got bought up in 12 hours maybe less the dips are getting
shallower and shallower shorter and shorter bob bob's saying we're the first day of a new 60 day
cycle he thinks we're going well he nailed if if this plays out bob nailed it there it is
getting spicy so this was the original call. You and I both share.
It's fine.
We both have notifications on for Bob.
I can tell.
So here he goes calling for this,
which then specifically,
so that happens, right?
Like right there.
Boom.
Right.
Shout out to Bob Lucas.
We should get Bob Lucas on the show once.
We should do some TA and stuff.
But anyways, so this happens.
He says he wants to see run below a hundred K,
which I believe we quickly tap that even after he posted that like a hundred
or nine,
eight,
nine.
I don't know what we went to Tyler.
I haven't been paid attention.
I don't care anymore.
105 is what I saw,
but basically a hundred.
I'm all in the market.
So I'm not looking like I can't buy the dips and I'm not,
you know,
I don't care.
Like I,
I'm good.
Uh, so we went to here on our Nance, which has the most, I guess.
We kissed 100, so exactly 100.
And this is the start of a new 60-day cycle, dude.
So he's calling for 120 next.
I think it's 120 next.
To me, it's just a matter of when.
And I wouldn't be surprised if it's this week. I feel like it's just a matter of when. I wouldn't be surprised
if it's this week.
I feel like we're just one announcement away.
This all feels like a pattern.
What kind of announcement, Tyler?
We have a lot of good announcements every day, Ty.
What kind of announcement sends you
to 120? Or let's say even
112, 14?
Thank you for asking.
I've got a couple.
Okay.
Let's go.
So one,
the continued rumors of no capital gains tax
on crypto.
Okay.
Don't know the merit behind these,
but if Trump was to come out
and say that,
I think we rock it straight
to 120K.
Okay.
I'll look back at that announcement.
And then Bo Hines,
I saw an interview
circling from this weekend where he said,
and I hadn't seen him go this far yet in an interview,
that the government is effectively evaluating dozens, hundreds of ways to accumulate Bitcoin.
That's the path they're going to take, but they're not going to, using Bo's words,
poison the well and share the details of how
they're going to do it until... Well, no, you can't.
Or else China, Russia, all the other states are going to
start doing the same thing.
And he pointed to mining, he pointed to these
bit bonds, so they've got
a few different options, and of course
there are several.
It's becoming increasingly clear to me that
the U.S. is doing it, or perhaps
already is, in some capacity.
And as soon as that is revealed, that's another powder keg announcement that just rockets us up.
And that's just two.
I think there's likely others, potentially like sovereign wealth funds, nation states, perhaps good news out of the Fed.
So there's a few different ways we could do it.
Am I going to bet on $110K this week?
I would need some long shot.
We have the M2 chart.
The M2 chart says it's coming.
We haven't looked at the M2 chart in a minute.
Okay, two hours ago.
Okay, someone posted two hours ago.
Am I sharing my screen?
I'm not right. Hold on. Sorry, I thought it was. Hold on. Okay, two hours ago. Am I sharing my screen? I'm not right.
Hold on.
Sorry, I thought I was.
Hold on.
I forgot.
I forgot.
I looked at the M2 chart when I was down bad because I was like, fuck.
Farcoin just dropped like 40%.
And that's all.
Okay.
Well, no.
M2 chart is like Bob Lucas, bro.
We're looking into end of June.
Bob Lucas also.
Yeah, bro. We're looking into end of June. Bob Lucas also. Yeah, look.
You see here, if you go straight down, it's around like third week here.
And Bob Lucas was quite aligned, by the way.
Yeah, but we're front running a little bit.
Yeah, I mean, listen, brother.
This week, in two weeks, I'm good.
Two weeks is more likely than this week, probably.
I think it's a matter of when and not if at this point.
Ooh, strong statement.
Also, another big buyer, right?
That's another potential catalyst.
So how many corporate treasury announcements we've had?
We've had them every week.
If another shoot comes down the pipe,
that could do it.
It's a nice setup.
Yeah, dude.
We're looking really fucking good, Ty.
We're looking good.
Anything else?
We should talk about the Polymarket news.
We should.
I mean, we quickly glossed over it on Friday.
Was it Friday?
Because it dropped during the end of the show quickly.
But please, go ahead and I'll share my screen.
Yeah.
So X officially partnered with Polymarket.
They've named it their exclusive prediction market provider.
It's going to allow them to surface real-time Polymarket odds driven by
crypto wagers,
notably to appear trending posts.
I think particularly related to politics,
current events,
elections. It's going to be powered by Grok, which will help surface these different forecasts and markets.
As I understand it, there won't be bets being able to be placed directly in-app yet.
That is perhaps coming.
And I think another aspect of this, the product team said this is the first of several integrations and unique
experiences.
So it looks like this is the start of a longer term journey.
So super bullish for Polymarket,
but bullish for all the production markets.
Yeah,
very.
So it's just normal.
Yeah,
exactly.
Well,
first and foremost,
like I believe that X needs to launch payments and maybe their own stable at some point before launching this, like any embedded live polymarket agent. And we know that X payments is on the way because I think Linda Yaccarino, the CEO of X and Elon have talked about, touted it a few weeks ago. So that's first and foremost, right? Because I was thinking about it. We talked, obviously like that was chatter with me and my executives, like right, as soon as this dropped.
Obviously, that was chatter with me and my executives as soon as this dropped.
Second of all, I was asked a lot by friends and holders and people invested in us and everything saying,
yo, is this good or bad for you?
And to me, I had time to think about it since the news on Friday.
My first thought was like, oh, this is bullish.
My second thought is still this is extremely bullish because it just expands the time.
I mean, I kind of alluded to that with your own timeline when you posted about
like yesterday or something,
but like this expands prediction market contract and prediction markets as a
whole to a whole new like set of people and prediction markets are just
going bigger and bigger.
So I think it's great.
I think it's awesome that Shane is pushing through.
It looks like they were kind of losing to Kalshi in terms of attention and mindshare a lot lately,
right? Like Kalshi's got Robinhood, Kalshi got a lot of different deals. Kalshi came out on
Bloomberg with the fact that X would partner with them. That article got taken down and the tweet
and Polymarket came out with x joining forces their official prediction
market partner so i don't know what happened behind the scenes in terms of of of shenanigans
but it seems like there's that and for the myriad side it's great man i mean we've got a lot of
stuff going on ourselves we're expanding so today um this we announced it friday but you know friday
is not great for announcements so i posted posted it today, personally speaking. But we launched a Telegram alerts channel for Merit Markets, which allows you to get the markets first.
So actually, a little alpha for people.
I think someone's got to check.
I'm pretty sure the markets get picked up by the Telegram before the website.
So there's your edge for people who want to join.
Yeah.
I'm going to pin it to the top of the Twitter spaces,
but you guys should join because also anyways,
we're going to make it soon that you have to get in the Telegram channel
to win the heat giveaways.
I want to explain what is important quickly for folks who may not be as
deeply experienced in prediction markets, but are interested in that.
When you are early to a market,
you have a chance to kind of get in
before perhaps an equilibrium is set.
So like, let's say the team launches market at 50-50,
but betters think it's going to be 65-35, right?
Like if you see it on the gun,
you've got that first chance to get in there
and perhaps on a juicy side
where you can get a quick 20-30% gain in your position before you reach that equilibrium.
So it pays to be early.
It definitely pays to be early, like you said.
But anyways, I think it's super bullish.
I invited everyone to join Telegram.
I paid the Twitter spaces.
Right now it's at the top.
It does pay to be early.
I know a few people that have notifications on for the tweets and stuff, but this is like, is it sharing my telegram
account now? Yeah. So there's my telegram. Um, and it's this, and so you have all the markets
like going live and sends you notifications. Like right now we have one, the NYC temperature above
76 degrees Fahrenheit on June 10th. So we, we've been doing all these little flash markets, Tyler,
Six degrees Fahrenheit on June 10th.
So we've been doing all these little flash markets, Tyler, lately.
And so, you know, this is everything today.
And so they've just been running nonstop.
So highly encourage people to pay attention to that.
Just quickly, if you want to win the giveaway, join the Telegram channel.
And the code for rafflebot.xyz is cracking today.
Shout out to our new rolling sponsor here on the show on FOMO,
where we love Kraken.
I actually got to load up, prepare the charts,
so I can start sharing those charts on the show.
And actually, they're very nice, very clean, very smooth.
Kraken, K-R-A-K-E-N.
Kraken is the code if you want to have a chance to come and win some money.
Tyler, was there anything that we missed?
That was the big ones.
I think that the pump fund,
and this isn't news as much as it's rumors.
So tell me more about the rumor.
The latest report is that
they are considering both revenue share.
So I don't know if that's going to be a token buybacks
along with 10% airdrop to users.
So I think that was some of the very initial reaction
to the announcement was that there was no airdrop,
so that they're going to fix that.
And then the revenue share was a key one
that I think, folks, we talked about on this show,
we thought that that was coming,
but this looks like a little bit more confirmation than it is.
We also got the supply.
It looks like they're considering a 1 trillion token supply,
which would put that pump token at 0.004 for that initial sale.
So some nice unit bias,
which is also notably different than the unit bias for those tokens.
Because those are on 1 billion supply.
So pump token,
one trillion supply.
What if it goes to a dollar?
We saw the demand for plasma today.
Anyone who thinks this,
forget your thought that this pump token is not going to sell.
If you have any creeping doubt in your mind,
they're not going to sell it out.
They're going to sell it out.
Plasma doesn't even have a working product yet.
And pumps made $700 million in the last year.
So it's going to sell out.
It's a matter of how fast and then what other terms are we going to get
so we can start projecting out where we think it goes afterwards.
But with the speed of new details coming out, it makes me think that this thing actually is close.
I feel like we'll probably get that in the next couple of weeks.
The pump one?
Yeah.
It's coming.
It's got to be coming.
This is hot.
We're hot
also you know what though
this could be what like
brings a fuck ton of liquidity to the market
in the summer
I will take the anti
and by the way you were right
but I will take the anti
CT take
time of day
everyone's like oh there's gonna be a liquidity black hole last week
look at the fucking market now
Bitcoin's about to hit all time high again
you know what I mean if you everyone's like, oh, there's going to be a liquidity black hole last week. Look at the fucking market now. Bitcoin's about to hit all-time high again.
You know what I mean?
If you counter-traded CT last week when they dumped on the news,
like Farquaad went to 800 mil, Tyler.
You know?
So if you counter-traded that, you're up enormous today.
And like, let's just get a reality check.
I think Plasma is a good reality check of how these,
this was not a direct pre-sale. It was a stablecoin deposit
to get you access to an ICO.
But the top 84
wallets contributed
$450 million of the $500
million.
There's your data point.
The whales are providing
massive amounts of capital
for these. It doesn't mean that the minnows can't get in and still get in on the trade.
But how that relates to pump fund is it's not the trench warriors who are going to be funding 84% or 90% of the pump token presale.
It's going to be whales who likely weren't deploying capital into the meme market anyway.
Or funds who want to get exposure
to memes, but they can't underwrite individual
memes. That's not a game they're allowed to play, but
they can play on protocol.
And then when you get the airdrop
component, to your point now, actually
it can become a liquidity influx.
Yeah.
I agree. I think is it can become a liquidity influx yeah i agree i think um i think we're gonna make a fuck time this is gonna make a fuck time money for the space in general and i think it's gonna
work out pretty well and i think everybody is gonna win i don't know i think it's gonna be
june maybe i'm wrong but i don't think i'm wrong this time around with this. We've been quite right.
You mean Mando this cycle so far, especially this year.
So I think this is going to be quite good.
Anyways, let's give some money away.
Though we were short a little bit in the fucking year count again.
Fuck.
Where's Mando?
Claim the referral.
But are you going to keep track of that?
I'll do it.
Okay.
Just note the number for me.
I'll take a screenshot before I claim it.
Or I can just front it like it's Friday.
Did I get paid, Sims?
I'll check.
But you can do that as well.
I don't think I did.
Hold on.
It's in USDT.
I don't have USDT.
One second.
Is Mando alive?
Is he around?
I know he's hosting oh oh oh okay um sims i'm taking a screenshot of this
um uh okay so we should you should you could you could run the the referrals on usdt sims
So we should, you should, you could, you could run the, the referrals on USDT sims.
Not sure.
Just, you can switch the number at the top though, can't you?
Okay.
So let me see.
Claim now.
One second, everyone.
Claiming.
Ah. One second, everyone. Claiming. Guys, I found banger bagels out here.
Come on.
Let's see. Why is it taking forever?
One second, Sims
This is slow
Okay, it claimed it in USDT
We have the money, you can run it
Alright It's claimed in USDT. We're good. We have the money. You can run it. All right.
Oh, new person. Libo. Libo.
Okay. Let's go.
Libo.
Let's go. That is it
All right, Lebo let me forget that Oh, it's buggy. I see him I see him I see him. I see him. Libo. Work hard.
Play hard.
Ticker sign.
Lock in.
Ooh.
Lock it.
Look at that.
You were talking about that last week, Tyler.
All right.
What up, Libo?
What up?
How you doing?
I'm feeling great, man.
All right.
Libo, are you watching us on video or are you just on audio?
Yeah, I see you. I see you. Okay, so let's play what we do lamb chop or risky click lads. What do we want to do?
What are you feeling like Tyler?
Yeah, all right, Libo do you know the rules of lamb chop?
Yeah, yeah, yeah, okay, so basically just tell the art I'm sure you know that but first of all congrats you
won five hundred dollars so what no matter what you just won five hundred dollars congratulations
so you'll go home with that second of all we're gonna play for you so you get two 250 rounds um
are we doing guys that one of them has to be hard, the other easy? Or is that... Are we just going with that? Nah, do it all easy.
Okay, do it.
Well, he picks.
He gets to pick.
So, Liebel, do you want us to play Landshub for you on easy, medium, hard, very hard, or death wish?
Let's start with easy.
Okay, let's start with easy.
All right, let's go, baby.
Good luck.
$268.
You want to go for $297?
Yeah, cool.
$297. Oh, 297 Yeah, cool Oh wow
Brutal brutal brutal brutal. All right. Well, you get one more shot at $250.00. You want to go easy medium hard very hard or death wish?
Easy easy one more. Yeah, that was a brutal one. I'm not gonna lie. All right 268
Yeah, let's go 297
Go go easy easy. Do I keep going?
Yeah
eat bro, bro
easy
Yeah, well dude not even
Easy all right young at 485 Let's go. Let's cuz this is a good board brother Whoa, dude, not even easy. All right, you're 45
Let's go. Let's cuz this is a good board brother
485 or 559
Let's go, let's go, dude, let's go
All right, do I get 652 let's go baby we're gonna pass those rails or what?
Yeah, let's go. Easy, easy!
We made it past the crossroad!
Do you want to go to the alien, baby?
You already made $500. Do you want to keep going?
Yeah.
Easy! No, wait, wait. wait yes you're good
no is he good or not
he's dead oh no
fuck
almost
damn fuck that was nice though
hey Libo congratulations though
congratulations though for having the cojones
to play this game
all the way to the end so you still make
$500
congratulations my friend and sir and with that to play this game all the way to the end. So you still make $500.
Congratulations, my friend and sir.
And with that, with that, with that,
we'll see you all tomorrow morning.
10 a.m. Eastern Standard Time for the episode of FOMA Hour on ROG Radio.
Let's go. Music Thank you. .
