Space Summary
The Twitter Space FOMO HOUR EP. 216: CPI, market report, daily news hosted by farokh. FOMO HOUR EP. 216 delves into the dynamic world of crypto, offering a wealth of insights on CPI influences, market reports, and daily news trends. With a focus on DASTAN projects and media platforms like RugRadio and DecryptMedia, the episode showcases the importance of staying informed and fostering collaborations in the innovative crypto industry. The Co-Founder and President of DASTAN shares valuable perspectives, making this space a must-listen for crypto enthusiasts and professionals seeking to navigate the ever-evolving digital landscape.
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Space Statistics
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Questions
Q: How does CPI influence investment decisions in the crypto space?
A: CPI data provides insights into inflation rates, impacting asset valuations and risk management strategies.
Q: What were the key takeaways from the market report discussed?
A: The report highlighted trends, market sentiment, and future projections crucial for investment planning.
Q: How does FOMO HOUR contribute to industry discourse?
A: FOMO HOUR serves as a hub for experts to share insights, news updates, and engage with the community.
Q: What distinguishes DASTAN projects among others in the industry?
A: DASTAN's diverse projects offer unique perspectives and contributions to the crypto and media sectors.
Q: How can professionals benefit from collaborating within the crypto industry?
A: Collaborations foster innovation, knowledge sharing, and business growth opportunities within the crypto space.
Q: What strategies can individuals adopt to navigate the dynamic crypto market?
A: Staying informed, networking, and strategic decision-making are key to success in the ever-changing crypto landscape.
Q: Why is it essential to monitor daily news updates in the financial sector?
A: Daily news influences market sentiment, regulations, and investment climate, guiding informed decision-making.
Q: How can media platforms like RugRadio and DecryptMedia impact the crypto industry?
A: Media outlets play a vital role in shaping narratives, disseminating information, and fostering community engagement within the crypto space.
Highlights
Time: 00:15:40
Influence of CPI on Investments Exploring how CPI data affects asset valuations and investment strategies.
Time: 00:25:12
Market Report Insights Key findings and analysis from the comprehensive market report discussed.
Time: 00:35:45
DASTAN's Project Diversity Understanding the variety of projects and initiatives within DASTAN's ecosystem.
Time: 00:45:20
Role of Media Platforms Insights into RugRadio, DecryptMedia, and MyriadMarkets and their impact on the industry.
Time: 00:55:30
Importance of Industry Collaboration Exploring the benefits of networking and collaborative opportunities in the crypto space.
Key Takeaways
- CPI's impact on market dynamics and investment strategies.
- Key findings and analysis from the market report discussed in the episode.
- Updates on daily news affecting the crypto and financial sectors.
- The diverse range of projects and initiatives under DASTAN's umbrella.
- Insights into the media outlets RugRadio, DecryptMedia, and MyriadMarkets.
- Understanding the role of FOMO HOUR as a platform for industry discussions.
- The importance of staying informed with the latest news and trends in the crypto space.
- Exploring opportunities for collaborations and networking within the industry.
- Insights into the perspective of the Co-Founder and President of DASTAN on market developments.
- The nuances of managing multiple media platforms in the cryptocurrency industry.
- Tips on how to leverage market reports for informed decision-making.
Behind the Mic
Introduction and Apologies
Yo, yo, yo, yo. What's up? What's up, what's up? I was sorry we're late this morning because of me. But it's okay. You guys are gonna be fine because we're doing two loot box bands today on this special episode of sex hour. Sorry, fomo hour. yeah, sis. Love that one. Oh, yeah. So, yeah, I mean, we're gonna have to, like, talk about what happened yesterday. We're saying, but not too much. Hold on. Let me get. Let me get. Hold on. The show started. Let me make sure. Okay. Boom, boom, bang. Let me get rug radio up. It's just so funny. I forgot about the yesterday thing until now. Like, I literally just remembered, Tyler. Like, right now. Like, my brain just went there and I'm dying. All right, it seems you KKK, just maybe not your cat.
Good Mornings and Thursday Vibes
Good morning. Good morning. GMG. Which Thursday? Oh, Thursday. Oh, yeah. I like Thursdays. Thursdays. Thursday. October 10, 2024. Look at that. Another beautiful day to have a beautiful day. I got my co host and. How's Tyler? Tyler, Tyler. How are you doing today? I'm good. I think I might be kicking this cold I've had the last few days, so that's a positive. Coins are doing okay, but news, man, news is picking up. Feels like q four is really getting into motion. The headlines were flying yesterday. They're flying this morning already. Lots, lots to get into.
Market Updates and News
I love that. I love that. Let me. Oh, man. Those. Here. There is definitely a lot to talk about today. What up, Mando? Good. How are you guys? We're vibing. We're vibing. We're thriving. I can tell you're busy. Looks like you're both kicking off that cold. You both sounded sick, like, I think. A couple days ago, my woot fan told me that I was sick. Oh, you have a whoop band now or. No, you have had, right? Yeah, for a while. Told me I was sick from Monday. Are you guys both sponsored by whoop or something? Did I miss the memo about whoop? I got an oura ring. I had an oura ring for a while, but then I got a whoop. Oh, it's true. You had the aura ring a while ago. I remember last time I saw you. For a long time, moved to poop. Yeah, that's. That's. That is very true.
Discussion on CPI and Market Events
Anyways, all right. I know Mando's got a busy time today. Let's get right into this. Today, the show today. Today, let me post that broadcast daily market report. We had CPI this morning. It looks like it was quite a little bit of a mess or this or that. I don't know what I'm saying, by the way. So we'll see what Mando think. My favorite trader thinks that this is a non event for crypto and my favorite trader is Mando. So we're going to ask Mando his thoughts on that because you probably saw Wiz go live this morning and KBMs and everybody tweeting about CPI. So let's talk about that and then we'll have Tyler's top one. We're back to 1000, is it fair to say? Back to Tyler's top 1000? Perfect, back to 1000. And then we'll do two robot spins.
Incidents and Plans
We had a little incident. Yes. On the show and hopefully no cats jump on no keyboards and it will be fine today. I know Sims today is not even, it's so stressed out. He's not even bringing his own account on the Twitter spaces. He's like, he's like, fuck it, who's fucking fault? He's like, he's like, fuck this. His cat yesterday jumped on the screen for everybody. That's what happened at the end on his keyboard. His son ran into the room, his cat jumped on the keyboard activated the wrong screen. Blah, blah, blah. Anyways, we decided to push today, so we'll double up. So make sure you retweet Twitter spaces. You'll have a specific tweet to comment on. Blah, blah. And then last but not least, this show is powered by galaxies Galaxy. With seamless built in monetization tools, galaxies enables the development of sustainable long term communities, fulfilling bitcoin's vision of decentralized freedom and independence from centralized control.
Market Recap and Predictions
Anyways, anyways, anyways, Mando, without further ado, talk to me about the most important CPI of the year. Can you dig it? Yeah. Are you doing your mail right now? Are you that busy that you think you're mail during power? Like dead eyes? Oh, can you guys hear me? Yeah. Yeah, dude, I quite a lot don't believe the hype CPI, I mean, it was down again month. A month. Like, yeah, it came in 0.1% expected. I put, I put it out on my tweet, my twitter as well. Like, okay, it's at 2.4% rather than 2.3%, but we're still down. Like down, down every single month. Like, it's slightly hotter. We haven't had a hot, I guess, April. But I think that's, remember, these things are against forecast.
Future Predictions
If you look, we're actually down versus last month, which is down versus the month before, which is down versus the month before. We're just going low. We're just slightly higher than the forecast was. So I think we'll still see two rate cuts this year coming. That's my, that's my gut. I think that's what pal said, and I think that's what we'll still get. So I think he's probably given decent forward guidance there about what he's going to do. Yeah, I just saw your tweet this morning as well. So we'll see the rate cuts. Question for that are left towards the end of the year. What are we expecting in terms of, like, the amount of rate cuts? Like, is it one or two? And is it, like, by how much are we expecting? Like, how many bips?
Market Dynamics and Rate Cuts
People are expecting two now. Sorry. People expect there to be one or two rate cuts basically from now until year end. And the expectation is both probably for 25 bits if 25 to 50 pips total, which I kind of agree with. But Powell in his last speech said, basically it's probably going to be two. So I would kind of be guided by that. This figure doesn't, I don't think changes that much. Wow. Okay. But what I do think is you're seeing a stronger dollar, which I think is interesting, and that may hurt crypto a little bit. Like, the dollars at two month highs, it's come back relatively strongly after looking like it was going to break down. And that was part of the reason for cryptos rally.
Current Market Status
I mean, we're not talking about anything crazy. It's up like 2% over the last. Over the last three weeks, but it's. It's enough to. To get people to notice. Okay. Okay. Love it. Love it. I I don't remember last time I checked the mail. Brother. This. Is. That like, mailing? Is that like. These are licenses, my friend. Oh, is that not like. Is that the act that's on the post? Do you want you in Portugal? Do you, like, take a horse to go to your, like, little mailbox and then. Yeah, yeah. Is that. Is that, you have that still, like, paper mail over there?
Mail Delivery Discussion
We have paper. It's pigeon. Pigeon and paper. That's the tough stuff. Oh, tally Jeff, paper. Do you still read the mail in Chicago? We get the mail about once a week. Once a week. But that I don't remember last. Yeah, I remember last time wasn't junk, I guess. I do have a mailbox downstairs. Vanessa must check it. I don't know. Every time I check it's the landlord, his shit. It's like 40 fucking letters from. For, like, the previous tenants and the landlord, I just, like, I put them back in the send back thing. So in terms of macro, like, that's the only thing that happened today.
Stock Market Overview
Okay. I don't know what happened to CNBC. Like, sorry, what happened to stocks and stuff like that. It looks like we are marginally lower, but we just hit all time highs yesterday. We're down 0.1% on stocks right now. So, yeah, bit of a nothing burger, I would say. Dollar is definitely stronger, which is something to note about. And bond yields are back up above 4%, which is fairly notable, at least on the ten year, the two years kind of not moving as much. Okay. And then. Yeah, I don't. Again, like, bitcoin's holding up okay. It's like 61k. You should eth underperform a little bit again.
Altcoin Market Status
Solana, I guess Solana's underworld a little bit as well. Altcoins, everything's down away from meme coins are definitely down, but bitcoin hasn't really moved. The only real headlines, or the biggest ones, with this FBI thing about the meme coin. We'll get to that. Or the AI coin, where it was. And that stripe had reinstated crypto payments, which is relatively big, although was already known that they were going to do that. So I don't think it was like, a big shock to the market. They've decided to do that. And then this trump. This trump thing, whether crazy amounts.
Market Roundup
Yep, yep. Yeah, we saw that. All right, well, look, that's about it for the market roundup. 60.8k, bitcoin 2.3. Let's say two point call. 2.4, almost K eth $137. Solana. Top gainers on the daily consisted of uniswap, unitoken. Because of the l two announcement, probably. Well, I'm sure. Get to that. That was announced, I think, today. Mantra, XRP, helium immutable. So anyways, like, there's not much that's up to, actually. Matter of fact, almost nothing's up significantly, and memes are relatively down, unless actually, the maraud memes kind of.
Highlighting Tyler's Segment
Kind of look good today. But anyways, Tyler, tell us. I'm sure Tyler's gonna. I'm not even gonna go there. Cause I know Tyler's gonna go there. For daily NFT and crypto analysis, Tyler D on FOMO hour calls the kid. Can read the bachelor's. There are a lot of top stories, but I'm going to start with the Trump one. So the Trump family moving forward with world Liberty Financial, they proposed launching on Abe, promising 20% of protocol fees to the Abe Dow, along with giving them 7% of the tokens.
Breaking News and Market Reactions
Guess what? Breaking news this morning, they're raising $300 million at a $1.5 billion valuation. So that 7% token deal for Aave, pretty significant there. Next up, we saw the US DOJ they brought charges against, got Betzym, Quant, CL's, Global, and my trade alongside 14 individuals accusing them of manipulating the crypto market via pumping up schemes and some market making. So we'll get into that here in a bit. Stripe, as Mano mentioned, officially began accepting USDC payments with Solana. So it is live and happening ETH.
Ethereum Updates and Movements
Some bad news for ether. ETH, seized from the plus token scheme, was moved to exchanges after being dormant since 2021. 7000 of the 542,000 that they've got, that's $1.3 billion worth started moving. So perhaps some sell pressure from that. Then. Breaking news this morning. Uniswap. They introduced unichain as a new l two for Defi, which also might have some negative impacts for Ethereum as well. We'll talk about that in a bit. In protocol news, abstract officially launched their abstract global wallet, SDK NFT Phi introduced flexible loans or borrowers only pay interest on durations of their loan versus fixed interest.
Latest Innovations and Developments
Swell introduced an airdrop checker for its ETH resticking platform, Coingecko integrated Arkham, intel, then Vanek. They keep cooking in crypto. They launched a new $30 million venture fund to go in AI startups. So like to see that. We gotta talk about the memes and nfts here. Meme coin majors were red. There was some drama with the cute dolphin meme. You've seen this meme? It's been going viral. Another one of those vampire attack. Multiple PvP coins launched. Almost all of them ended up down on the day on huge volume.
Meme Coin Market Trends
Mini the mini token was the big winner from the Murad list. It jumped something like 50%. And then a new meme coin launched on the what was the art focused l two circle meme coin launched. It ran to 15 million after being featured in the beeple every day. Our friend Dees, he got into 40k, so a nice little hit for him, an x copy one one chatbot and chisel for 800 eth. It's $1.9 million. Highest sale I believe since 2021 at least over the counter. And then ox quit stepping into the vp of blockchain roll at Yuga, overseeing Devin strategy for ape chain.
Conclusion of the Rundown
So nice move for him. And yeah, that's the rundown. A lot of headlines. My lord. The irony of the. I love the irony of the art chain having the biggest like the biggest thing happening on there right now. It was the meme coin right away. I was like quick. I mean it's like you're trying to step away from all the meme coin like you know, shittery, stuff like that. But you just can't escape it, right? That's exactly where my head went. I feel like once a quarter we get like the art focus. Let's talk about. Let's start with that. We're there.
Discussion on New Launches
Tell us more about this thing. Because I saw it, I was at the hockey game then I saw these hit like 500 x on. But he only put like $20 or something. But he turned $20 to like ten k. Right. Which is awesome. But fancy bugs shape is the l. Two is meant to be this art focused and dedicated. So kind of a dedicated chain place for artists to create and traders to trade, collectors to collect. And then we saw some artists. I forget exactly who's behind. It's him. No. Nice day Joe's. Okay. So Jules launched this circle coin.
Launch Details
It's a pretty simple website. And if you go to the website, it's just, it's got the contract and then it's got a circle in the middle which tells you the market cap. And I guess the circle gets bigger as the market cap goes up which is one of those like it's so dumb and designs. Here, I'll try to send it to you.
Discussion on the Circle and Memorials
That's the circle though. That's the people every day from yesterday. Yes. Yeah. And then people memorialized it last night. What's a quick one for him? I mean the thing had only been live for 4 hours or so. I noticed people has been posting his everyday. Is the last few days a lot faster? Don't you notice? It usually depends on where he's at. Like what he's doing and like his travels sometimes as well. Like what timezone. But I noticed this past week, like he's just. Did you notice that he's just banging him out? Yeah, he really is. So I think that's what sent it.
Reflections on Investment Opportunities
Man, I missed this one. A buddy sent it to me. It was under a million and I knew it had a good chance to run. And I was like, I don't have any Ethan shape. I don't want to go through the bridge process. And I just didn't do it. Was too lazy. This is one of those opportunities. Like, this is one of the kernel rules of crypto and trading is that if there are barriers to entry, that is the trade to go after. Because just like me, people are going to be too lazy to do it. And then when people ultimately come in, you're going to be able to front. And then here we are to twelve and a half million here. This morning I saw it was around, like 14 when I woke up. Think, think it hit 15. Curious where it goes from here. It'll be a testament to how much liquidity is really on shape.
Upcoming Events and Market Speculation
But they've got the x copy drop coming soon. Actually, I don't know if there's a date on that drop just yet. He announced the winners this morning. That says 0.33. Ethan. All of those. I mean, those are likely going to trade? Oh, yeah. You know, at least a two to three. I think it could be this market with x copies being so hot. You could? Yeah. I mean, you. Can you tell me five eth? I won't be surprised. Honestly, wouldn't be surprised either. I think the only. The only thing making this questionable is that the fact that's on shape, if it was on Ethan, can be a little easier to project. I mean, go figure. I mean, maybe this shit coin changed everything, right? No, seriously.
Market Dynamics and Future Projections
Like, if this one goes to $50 million, that x copy floor is gonna be five, Jane. And why I'm saying that, and I know I don't want to relate, say, oh, because it's copy. Like, because it's a shit coin, but detention. Just attention around shape. It's like, oh, wait. Oh, hey, there's a nice copy thing to, you know, I mean, it's like. Like kind of like sweat my heads. At which it's a brilliant marketing event. Right? Like, we've seen chains do this. Like, Avax started their meme coin font. Yeah. What? In Q one? Because they know that attracts people. So, I mean, it's smart. I. Right. Albeit ironic.
Art and Meme Coins in Perspective
Yeah. The chain created for art has immediately gone to memes. Yeah. And that's great. I mean, look, hey, meme coins. If anything, this could show you that meme coins are art. You know, they can be performance art. Because the circle just gets bigger as the market cap goes up. And I own absolutely none of it. This is the first time I hear about it. I saw these tweet this morning. I was away last night and. And I love it. You know what I mean? That's the type of shit I would have bought if it was still a million dollars right now.
Market Movements and Reflections
So he's up 300 x? Yes. I'm like, I mean, it's a little lower than this. More. It wasn't like 15 mil this morning. It's like twelve mil right now, but it's right down my personal alleyway. I love this shit. I love the art side of Twitter score, of course, because that's where I came up with early NFT Twitter days and stuff. So that's something that I personally, I'm very back fan of. So love that. Speaking of X copy, Tyler, I mean, man. Boy, I saw that. I made sure to go and congratulate the buyer yesterday on Twitter as well. Man, what a sale and what a piece.
Sale Insights and Buyer Connections
It looks like. It wasn't like you. Like, if you're in these streets, you just kind of assume that a sale this size, that the buyer is likely got connected to the seller. Like they've had conversations and it's almost. It's unclear if that happened. He just lobbed. He just lobbed an 800 ETH offer. It looks like it was super. I think it was made available because of super private sales. Because I did see Davis Feinstein tweet something, but I may be wrong. Not even findings. I'm sorry. Is it transient? Oh, my God, that's so bad. Sorry, sorry, sorry. The. Someone from super rare tweet their link to the thing, but it could be that, but maybe not.
Investigation and Market Manipulation Uncovered
Yeah. Well, regardless. So the 808th offer came in. It was accepted within like 15 minutes. And it's a nice sale. I mean, it's the. I can't speak to all the private sales that have gone down and I don't think. Confirm private sales via the one and only Rd, Roger Dickerman. Got it. Okay, so it was brokered by them. Very interesting. But I mean, this is one of the biggest art sales we've seen, brother, in years. 1.9 million is huge. I mean, this is an incredible piece. I mean, we should go back on the super rare here and look at the history of it. What? Incredible.
Regrets and Future Investment Strategies
I think they bought it for .255 years ago. I just love it, Tyler. I. All the x copy pieces that had the. That have a character, you know, I. Really regret selling my. I really regret selling my piece because I don't need that forty k. I was like all traded by meme coins and stuff. I don't need it. Like, it's like I'm here. Like, I'm sitting on the USDC still, because I haven't really made big moves with it because I'm waiting to. I don't know. I have to say, I really regret selling my edition.
Market Values and Opportunities Ahead
Yeah, it's tough. I mean, the old x copy is going to be incredibly valuable in the. Good ones, but I may go buy. You're going to have more opportunities, right? Like, he's clearly creating a lot more every day. Wow, look at this is listed on 81k. It's crazy. No, I didn't buy. Good for. I got more than 40k for it, but for how much eth it was. But, yeah, it's a good piece. I mean, look, when you look at this, it reminds me of the. This piece, you know?
Further Creative Ventures and Investments
Yeah. Coasting. So. Yeah. Anyways, point being, you're right. So you pay point 75, ease back in 2019. January 2019. Wow. Wow. That's nailed it. Through all the 2021 mania. Wow. And so on. This 800, and that's Ethan. It's lows. You'd think so if he goes to, like, $5,000 this cycle, like, seller is in for $4 million. L. Technically, if he holds the eTh. Yeah, if you're bullish.
Current Art Trends and Market Reflections
Heath, this is a great time. Wow. Wow. Punk. Let's check out punk 4954. Five's fault. 1 second. Was that the buyer? Yeah. Wow. Yeah, he's. He posted about it yesterday on Twitter. Let me show you. Pong 4945. There you go. He made his pfps up. That's flex, bro. Yeah, I think I make that my PFp as well. I would for sure. I mean, if $2 million PFP, brother.
Looking Towards the Future
A couple other. Except. Yeah, there was, you. Maybe it's another. They have died with the most likes. Of course, man, die is gonna pop out this way this cycle for sure. Oh, he's got a lost robbie. Oh, he bought it recently. Okay. Oh, he's the one who bought the last one. Number seven in forex copy 100 ones. No, that's nice. For ice copy 101s paid 280 for this 1175. I mean, age as well, right?
Final Thoughts on Market Trends
This buy makes. This one is really well, too. Yeah. Wow. Interesting. And a grifter, of course. I mean, what are grifters at? Let's. Let's stay on this copy for a second here. I'm gonna guess 90th. I haven't checked. Nine. Nine. Nine. Like tennis. Tennis, actually. Yeah. Ten. Yeah. Yeah, those are solid. These are going 15th to cycle. Yeah. If Project aons and Sprotto's are going to 50. Like, our friend Murad thinks I'm working. Probably get there, too.
Plans for Engagement and Community Interaction
I'm working on getting those approved on whitelisted on rollbit, so we can start giving them away every day. Just a reminder, the robot code on Rafflebot XYZ today is x copy there, you ask? That's. That's perfect. So rafflebot dot Xyz, raffle bot Xyz. The code is X copy. It's very simple, okay? You can come on the show every day and win. Worst case. Like, the absolute worst thing you can win is a red guy, which are worth $2,000 a pop now. And the best case, you can win a punk.
Current Events: The Impact of Regulatory Actions
No chance. You don't win one of the things, either punk or millennium or red guy. So. So make sure you sign up x copy is the code and enter two spins. They two winners today. so anyways, Tyler, I feel like we have to talk about the feds. Like, I think this is the biggest thing that happened yesterday. Run me. Exactly like, what is going on? So the FBI is launching meme coins?
Government Actions and Legal Constraints
Yeah. So the headline here is that the US Department of Justice, they have brought charges against market makers. God. Betzym, Quant, CL's global, and my trade. Along with 14 individuals accusing them of manipulating the crypto market, these companies have allegedly engaged in wash trading schemes to inflate token prices, aiming to deceive investors before selling off the tokens, which they're calling a pump and dump operations. Over $25 million in crypto seized as a part of the investigation.
FBI Operations and Investigation Techniques
But where the story gets crazier is that more details kept coming out and that the FBI actually created a fake token as a part of this sting. If you want to call it, the token was next fund. Aih. And apparently we got more details from quid. I forget who was all talking about it, but it seems like there was even some red flags with the contract and, like, disabled trading was a button inside there. But they were able to convince got bet to market, make it.
Understanding Market Manipulation within Crypto
And I think that's effectively how that they caught them. And I think a big part of it was fake trading volumes, which I think raised a lot of alarms because I think folks, there are folks that believe that happens with a lot of tokens in this space where you effectively trade tokens back and forth, raise the price, make artificial volume, eventually making it seem like there's more interest in the token than there actually is. And then once you get more normal mainstream buyers to come in and you sell it, and then that's the.
Broader Implications and Community Reactions
Then you move on to the next one. So that's the scheme. And I guess the other takeaway here is that. Yeah. Like, the FBI is more deeply integrated into the trenches than perhaps folks thought. Like, are they in the room with us right now? I think that's a lot. A lot of the questions. And the folks are starting to kind of look around the room on crypto, Twitter. Who else might be. So who else. So who.
Strategies for Identifying Potential Agents
Let's make a list. Let's do our list. Let's do a fomo hour. Listen. Of. We should start doing that. Sims, fomoire less, actually. Whether. Listen, we may be hiring a new intern. You know, Sims and I had a little, you know, he may be listening to this. We have a dope intern coming for FomO hour. Tyler, so you know the interns.
Future Planning and Potential Staffing Moves
Intern. Yeah, he's going to intern. Marriott is going to intern. Fomo hour. I was going to maybe rug video. We'll see. But we should start making lists. The fomoire list. So let's make a fomo hour list of who is the most likely to be a federal agent. Number one. Wizard of Soho. Why Wizard of Soho? I will tell you guys why. I think wizard.
Identifying Suspicions and OG Connections
So is a. Is, is a fed. Because he was the OG meme coin shell. He's an OG marad, right?
Discussion About Possible Federal Involvement
The mem con guy. Right? And he was, he cooked all. So it's made a lot of money. You know, my boy's rich and. And, and what? He always claims that he lives in some suburb, so that's some fed shit. Like if you're fed, like this guy owns a club in the hamptons, right? He owns a restaurant, New York. Catchy. But he's never there. He lives in the suburbs. You're a rich young crypto guy. Don't you want to live in New York City? Not in the suburbs. There's something there. So I would think wizard so is a fed. What do you think? Doesn't add up.
Cooking Capital and Federal Approaches
It's very possible. So then cook capital. For sure. He knows they're deepening because he says he was approached by the feds to help be an agent and help them on the inside. So of course you can never tell, but he's public about all the money he takes to shield tokens. Yeah. So he's. I don't know, it could be him as well. I'm actually scrolling through the fancy top list to see which of these fancy. Top I think Muradd. I would put him as, like, least likely. Yeah, let's hope not. Let's hope Murad's not. Now, I would put him as least likely. But what the thing is, like, a lot of people, I think, like, for example, Wiz, I don't think he started as a fed.
Federal Approaches and Potential Risks
I think he was approached by feds and they were like, listen, you have no choice but to, like, become a fed. You know what I mean? Like, you know, I mean, like, I think, like, for example, like, what do we think about onset? Like, do we think onsens, the Fed? Like, I think Onsen is not a fed, but, like, I think he's a guy. They'll come to him because his main character of the cycles, like, you either, like, become a fed or like, we're going to do this and that. But I think Onsen don't. Doesn't fold. You know what I mean? I think he look at the. I think Onsen will look at the feds and be like, your hat stays on, and then walk out.
Market Analysis and Future Implications
It was funny. So I tweeted this morning. There's actually a market on polymarket for Willie. And some get arrested in 2024. And the odds briefly spiked to 50% last night after this news broke about got that. It's just funny. Like, he was the one that came first to mind for everyone. But, yeah, I don't know. I'm at this sit down and think about this. To actually create a list. Yeah. It's a tricky question, but it does just like, a reminder, if folks are asking you to do shady things, they're. Feds, don't do it. What about raspberry? Like, raspberry, like, is all of a sudden comes out, starts doing these videos.
Identifying Potential Risks in Crypto
Could be. Could be a plant. I would put razzmars, like, in the middle. Like 50, you know, like Razmer, all those. The LA creator crew, you know? So, like, all of a sudden, there's a D. God's house with, like, Frank TG, like Mika Rasmer, OG, from what I'm picking up on the timeline, like, 50, right? Like, what about what's going on that house? Like, do you think the feds, like, have a grasp on the house? Very possible. Very possible. We'll see. Yeah, I guess we're not ruling it out. We're not ruling it out for sure, you know, but anyways, so what now? So God be so copy first, for what it's worth.
Market Behaviors and Meme Coins
Like, the market making world is, like, pretty crazy. You got approached by all sorts of wild people at these conferences. It seems like the Godbit team were a little too aggressive when it came to, like, pumping and. Or. And dumping these meme coins. I think it was wise, right? That covered a few of their tweets. Zack, XBT yesterday. Everybody's cheating on him. Hey, he warned y'all. Zach, XBT warned the whole, you know, he warned everyone, and he called him a while ago. So, you know, it looks like there's some crazy posts. I'm trying to find them of the Gotbit team, like, openly, like, pumping their thing, like, being cool.
Market Dynamics and Meme Coin Implications
Like, say, hey, we did that. You know what I mean? Yeah. I think that's a good way to. To paint a bigger target on your back. I think walls or someone was saying there might be impacts to the meme coin market. How much market making they did. I don't know. I mean, we'll see. I don't agree with that. I. Some go back and forth DJ Rambe yesterday, because there's a list of the gobbit memes, which, you know, all the cabal memes that people see on the timeline pump. Those are the garbage memes. Like, oh, like, you guys listening, like, to the thing. Like, those were the means with narrow. It was all that.
Analyzing Meme Coin Dynamics
Like, if I read you the list right now, it's gonna find it, but, like, you're probably gonna be like, oh, yeah. You know, I mean, that's probably gonna be a reaction, but I don't think, like, analysts. Yeah, like the reverse solana, that was a garbage thing that got listed Kuko. Remember that one? So it's like, baby doge nero. Like, all the ones that I don't think you want to even touch because it was like you missed him. Like, what? How come I missed that? We never heard of it, and all of a sudden it's on Kucoin. Right? So it's like.
Market Forecast and Future Trends
But the thing is, what's more important with this Tyler and what this could be bad. I don't think it's bad for meme specifically, like a one one, but I think it's bad in general, because, God, they work very closely to a lot of your favorite central exchanges, and they have an indictment. Indictment means that DOJ can. No, not can, already has the phone, the texts, the emails, the telegrams, potentially all this stuff. Right? So in six to twelve months from now, or maybe twelve to 18, let's say one cycle has passed, there's a lot of creators. You're gonna see a lot of these Kol deals.
KOL Deals and Possible Outcomes
Like, this is gonna come cracking down on the people that took these deals. I think this is gonna. This is gonna be a slow bleed, but I think I wouldn't be surprised. Tyler. And we're gonna look back at this show, like, in 18 to 24 months, like, oh, fuck. Oh, this person got and died or arrested. Oh, no. Like, it was part of the copy. I mean, that's why I think it's bad. Yeah. Yeah. It's time to clean your active, if you haven't already. That much is clear. This is a faster moving case too, right? Didn't all this activity happen, like, six months ago?
Reflections on Regulatory Changes
Six to nine months ago, the water. Token on Messi's page not long ago was involved in this. Yeah. And that's important because I feel like in the last few years, we saw these headlines for things that happened, like, two to three, four years in the past, and it took this long for charges to come and then to build their case. Well, guess what? Like, this is accelerating. So, like, I. There's chances that, you know, schemes from 2024, we're going to start. Are going to start coming to light more. So we will certainly see.
Pop Culture and Its Influence on Crypto
I mean, look at the end of day, like, I think that messy thing, remember we covered it like that probably is what got. You know, the feds really, like, activate on this because they activated the most popular, one of the most popular men on Earth. That's how it is. It's the ones that use the celebrities that have the biggest reach that the most potential impact to hurt, like, your more, like average consumer. I mean, Messi, man, Messi's like, has to be top ten most followed Instagram pages on the planet, right? So anyways, that's not great. And I think this could, you know, I don't know what that means for binance's stuff, but those were all listed, like, by bit binances of this world.
Regulatory Challenges Facing Major Platforms
Like, again, like, these are. Kucoin, of course, was already in the already had indictment. Right? Wasn't that man Kucoin has on the founders? Yeah, they all have. Yeah. So. So this is not great. Of course, that's always like a little setback for the industry in general when those headlines come out. So it's. Yeah, Messi is the third most followed person on Instagram, brother. He's got half a billion followers. Yeah, that's how you get caught. Yeah. Anyways, let's talk to me about this plus token thing, because you mentioned this morning, I didn't see it on anybody's page.
Financial Insights into Previous Cases
What is that about? So it caught my attention because we've been for the last few months, we've been talking about all the overhangs in bitcoin and all the sell pressure back from seizures that took place back in 2021 or before. It was mostly focused on bitcoin, and now we're starting to see some of that on Ethereum. So it turns out that, I guess this happened back in August, but again, I didn't see anyone talking about it. Oh. In the last 24 hours, it started actually moving. So this plus token scheme ended up raising like 542,000 eth.
Analyzing Token Dynamics
It's worth $1.3 billion right now. It had been dormant for three years, but now it's on the move. So. So 7000 of the ETH have been moved to exchanges. So it looks like potentially being sold. And now, you know, that's another potential huge overhaul. Overhang of sell pressure. I didn't really. This scheme wasn't on my radar. Apparently it's a multi million dollar MLM crypto Ponzi from early 2018 there, 542,000. There's a lot. But then this has kind of got my wheels spinning.
Market Behavior and Future Considerations
Like, there's probably more of these impacting ETH and like, from icos and all the ETH rays, so there's probably these big whales and there could be more overhangs coming on the e side as well. So that was some negative news. And then we got the uniswap, which is certainly a positive for Uniswap, but perhaps a negative for Ethereum. Interesting. Why? Is it because you won't have the ETH guest token involved, as I understand it? I believe it's. It's powered by uni.
Uniswap and Ethereum Interactions
Yeah. Oh, I see. Is it powered by uni? Is that confirmed? That's probably why it pumped. Right. This broke right before the show, so I just do want to be careful. I didn't have a chance to go through all the docs, but Hayden announced it. Unit chain is going to be built on top of the super chain. Nice, fast provable block builder transactions are going to be fast. They're going to reduce Mev loss. Let's go centralized validators. MIT licensed.
Framework for Future Developments
Yeah. So they're going to have their own thing on top of ethereum, but, yeah. The initial reactions I saw were that this would mean less use of eTh. A fast, decentralized super chain. It's not a chain, it's a super chain. That's right. Interesting. It's interesting. They said to do this now. Right, reunion swap was at the top and is at the top since very long. Time. I mean, in crypto.
Market Trends and Token Utilization
You're. Sorry, but interesting. What do you think of that decision? You think it's, It's interesting they got a chain, right? Because you just have support. It's all like, everything's sitting on top of it, but more and more. Oh. When I click on super chain, it goes to the optimism website. So it looks like it's probably a roll up of some sorts. Right. Optimism is a core part of the.
Discussion of Optimism's Role
Super chain that built through the home of define liquidity. Interesting, interesting. The market liked your swap. Popped on the news. I think it was the top mover on the day. Yeah, it was. It was the only coin that really was up significantly on the 24 hours here. Temporary coins. Yeah. Big news for Defi. Then the other big news for Defi. Trump.
Political Figures and Their Economic Impact
Defi, Donnie T baby coming to Ave. Sorry, the first news broke yesterday. Actually, I think decrypt broke the news. I didn't see anyone else talking about it. That world Liberty financial proposed launching of Aave, it's going to be pretty enticing for the Aave. Now they're giving them 20% of protocol fees, 7% of the tokens, as it's going to plan to launch with ETH wrap, bitcoin and stable coins for deposits.
Funding and Future Implications
Requires a credit developed, accredited investors for early access. And then we got the news of this token this morning. Apparently the roadmap leaked the block, shared this, so they're raising $300 million in a $1.5 billion valuation. Tokens are going to be a governance token, locked for a year, so they will not be sellable for a full year, as we understand it. They also shared a glimpse of the three phase roadmap.
Strategic Roadmap and Objectives
So they're going to launch on Aave first. The second phase is to integrate with exchanges, yet let users on ramp and off chip offer via KYC. They also want to create a stable, coin focused credit card for helping people spend their tokens in the real world. Then the final phase, the third phase, is to fractionalize real world assets and obtain a regular regulatory license to do so, including hotels and sports clubs, while also becoming a selling platform for stable coins.
Ambitious Vision for Future Growth
So it's a big vision. I did hear on the Nifty show that this morning in the fine printhead, the Trump family perhaps is distancing themselves from this. And then they say they are not officially tied to the project. So I thought that was notable because world liberty. Defi from world Liberty Financial. Yeah. So I don't know if you have more insight from talking to them directly.
Communication and Transparency Issues
I mean, during your conversation, it sure. Seemed, I have no more insight than my interview on the 16th. But if you go on Eric Trump's account, like, he's still, it's all there. It's retweeted Don Junior as well. The original site had Baron as the Defi visionary. They were all, like, on the project page. I can't find that project page anymore, though. So I think they may have either behind, either it's behind that KyC wall now, or perhaps they've changed it.
Discussion on Project Credibility
I, I don't know. I don't have more information than, like, than you, per se, but, but, like, it would be. I don't think they would, like, just, like, cancel, you know, thing. Like, which is it a whole thing where, like, I literally had Donald Trump saying in front of me and then his kids, one by one, doing interviews about the project. Like, it's not even a month ago, weeks ago. I don't think it's true that they've separated themselves, but again, I don't know.
Narratives Around Major Financial Moves
It's a big race and 1.5 billion. So, like, are they, this is going to be an instance of AAvE. They're trying to launch here. I mean, Aave itself is 2.1 billion in market cap right now. So they're launching at, they're raising at 75% of that right now. So certainly a big number if they're able to pull that off. I mean, it's an interesting, I mean, it seems like a legitimate defi protocol vision here.
Doubts and Skepticism in Crypto Ventures
I think we've seen, like, I've got, like, the anti trumpers in my comments, like, calling it a rug already. Like, I'm not really sure how it would rug with tokens that aren't transferable for a year, unless they just don't. They raise the money, just don't deliver. I think it's a little early. Early for that. And this isn't a meme coin launch. Like, this is an actual protocol and platform they're trying to build with, like, a use case, I think most people would agree is a nice use case.
Evaluating Use Cases in Crypto
Right? Like, I can see real value in this if they're able to pull it off. So it's going to be interesting to track. It looks like they are starting to move forward. So I think this raise, I mean, it looks like they're trying to launch this ahead of the election. I think it was a lot of folks questions like, would they do this. Before or after it looks like it. The token is non transferable, perhaps gives them a little bit more leeway there.
Speculative Observations on Future Collateral
But, yeah, it looks like this is going to get done soon. Yeah, it's. I mean, I don't know. I mean, at least it's with Ave, which is pretty good, right, in terms of, like. So we'll see where that takes them. What else? Most of the big headlines, the stripe thing, again, they announced it back in April. Huge news. But now it's finally live, so all their merchants in 150 different countries will be able to accept crypto, and then it'll convert to fiat behind the scenes.
Stripe's Global Expansion Plan
So stripe is taking care of that. So, like, if you were a merchant, like, you might as well accept it. Like, there's not really much downside. I think it's a one point. I think stripe does take a 1.5% fee. I actually don't know how that compares to the normal fiat transactions.
Transaction Limits and Fees
Off the top of my head that there's $10,000 limits per crypto transaction, 100,000 per month. Again, the 1.5% fee. But, I mean, I was looking, I wrote this up from the newsletter this morning just for, again, perspective on stripe size. They processed 1 trillion in payments in 2023. They service 2.8 million websites. Just a massive player. So we've got PayPal deep in the space. Wow, stripe again. I think this is an important signal just to the broader market about, you know, a major player getting into this space. And then also, again, like, I keep coming back to this. It's the. The holy grail of crypto holders not having to sell their crypto for fiat to buy things in the real world. Again, we're getting closer. Yeah. So it's good progress. I think that, you know, I think a lot of the adoption is just going to happen that way, and it's just going to normalize crypto in general.
Adoption of Crypto
Like, that's just the adoption of people. I think Maria made some good points. Remember the other day was like, let's be honest, that crypto right now, like, the only, like, utility or whatever, like, thing happening crypto is this or that, right? It's like meme coins or it's like the making more money and let's not kid ourselves with, like, useless utilities, et cetera. I think some people are reporting on that after, too. But it's, like, also just crypto as a means of, like, money. Right. Being able to pay for things in crypto across the board is something that. That. That people, you know, care about the most, and then that's what gets people hooked onto the casino side of it, you know? Yeah. And it's not accepted. I don't think it's a consensus opinion that crypto is money at all. At all.
Market Dynamics
The documentary, the Satoshi document, just showed that, like, it came across very much. Oh, is this a scam? Like, this is the biggest Internet game of all time. And then there was no real mentions of it. 100% being used. Seriously? Yeah. So I think we're a few years out, but again, you know, chipping away. Yep. 100%. 100%. What else? Did I miss anything. But no, I think we got. Before we wrap up, just quickly, I got. I gotta go over my Marad list. Oh. So we did a couple. A couple big moves on the board. So just for starters. But the board is actually mostly reduced. Mini was the big winner. It's up 40%, like, every day.
Whale Activity and Market Observations
Even on red days, we're having, like, at least one or two winners. USA grinding up a bit as well. The most interesting was SBX. So SBX hit 600 million yesterday morning. And then a whale unclipped $1.1 million worth, basically, in a single transaction, it wicked down to, like, 300, 320 million. But then it rebounded really quickly. So I think that somewhat notable everyone talks about. So what happens when these whales sell? We saw one sell, $1.1 million worth, and it recovered pretty well. I mean, I think if you're an SBX holder, I think you're pretty happy with that recovery. The fact that you were. Someone was able to unclip 1.1 million without a huge impact. So we'll see. There's a lot of mando talked about on the show.
Price Action and Trading Insights
When you do the market cap math versus holders, there's a lot of sp. SPX holders who are holding a lot, when you think about it, probably more of this. How wild is. How wild is this thing? It's like a 50% candle, right? Like, how wild is this? Imagine you're just a holder. Like, we're not selling. It's like, no, he's not. We always want snow. It was also on the day, like, this was just a few hours after, like, Zach came out. Maybe someone got shaken out. Maybe someone got scared. Although, I mean, the person I feel like they're. That they put $100,000 in 21 to 25 days ago. Can you blame them?
Investment Decisions and Market Strategy
In three weeks, they turned a million profit. It's a good trade. Can you blame them? Like, that's what I said in the chat, when you sent it to me, I was like, good trade. Like. You know what I mean? Like, okay. Cause that's the point where you ask yourself, what am I after? Another two x and the five x. You've made a million won out of 100k. You're up in eleven x. You can probably buy ten coins for 100k now and go back to sleep for another two months again. And then do it. And I mean, like, I don't know. This is how mistake I made in Q one. I had a few bags run up pretty high, same as you. Like, I was one.
Market Trends and Trading Patterns
Like, the next two x from the hair. So, I mean, study pups, right? Study Tyler. Tyler did it. And 69 million. We're back. Pups is back at 169. So it's the fun little number. Bitcoin puppets. Not. Not so far from the note monkeys right now. Not. Did you buy your puppet in the end? I did. I bought a puppet yesterday. Which one? My apologies to the node monkey family. I sold one, and bought a puppet with the proceeds. oh. You heard that? Did you hear that? I love that.
Market Sentiment and Community Engagement
Anyhow, there's more and more chatter on the timeline about ordinals and runes. There's a lot of talk about pups and puppets. There is zero talk about no monkeys. I got. That's just. That's just my read. Yeah. And this is an attention game. Yeah. Sorry. F is asking. Where's your. Your pizza ninja is. I'm sorry. He's a bitcoin puppet now. You know why? I'll tell you why. Because bitcoin puppets are the first bitcoin puppets of bitcoin. Damn right. All right, Sims.
Casual Banter and Lighthearted Moments
Let's bring it. Let's. Okay. Let's hope for Sims cat not to be in the room. Sims. Is your cat in the room with us right now? We hope. No, the children are locked outside. I don't mean in a gather or anything. They are another room. They're with their mother. They're safe. Everything's cold, everything's cool. They have food, they have water. They have their mother. You're fine. Everything's fine. Yesterday was just a complete fucking catastrophe. Apologizing. They went for, like, 7 hours.
Community Events and Giveaways
Like, dude, you're fine. It's okay. We're all over it. Simple. Guys. This never happens. You know, like, I like things to be. I know you do. Cds. Oh, it was so funny. Right? We got two winners. Let's go for it. All right, so just. We're not doing yesterday's draw. We're just gonna pick two from here. And I've got two from here. And then you have to come up on spaces because, like, the Marad one where there was like 1400 people.
Invitation to Participate
So if you win, please come on Twitter spaces. So if you're on a computer and you're on YouTube, just take a few seconds, open your phone, go to Twitter space and request to speak and come on stage so we can hear your reaction. All right, let's go, Sam's. Let's see what the two winners are. Oh, yes. The sound. You want to put it higher? Sims. We can barely hear it. I can barely hear. The other time I could hear it really quiet. Yeah. Because I've got to.
Announcing Winners
I'm using a different browser today, so if it's not playing, that's my fault. Alex Mac. Alex Mac, congratulations. Alex Mac. Alex Mack. Underscore, underscore. You are the first winner of the first spin today. Thanks to rollbit. Alex Mac, congratulations. Come on, spaces. You won. Oh, there she is. There you go. Nice photography too. Holy shit. God damn. All right, next winner.
Celebrating Artist Participation
Next winner. All right, dope. We got an artist winning today. Let's go. The day of shape. Tyler. See? All right, next winner. Califo crypto. Congratulations. Califo crypto. Califolk, these are all real people. To Cali for crypto dot BTC dot sold out eth test. Artists collect. Again. Again, Tyler, you'd love to see that. There's two artists. One that, you know they're an artist because object.com is in their bio.
Building Community Connections
You know what I mean? So, Alex Mac, dude, two artists coming up in stage and winning to the artists or collector for calif. I'm not too sure, but cali for crypto, california crypto, join us on stage. You won the second. In the meantime, Alex. Alex, Alex. What's up? How you doing? Yo, d to the motherfucking m. Let's go this show forever. And then, like, entered on the summer, I'd be in the fucking mountains trying to enter, and I was like, no, I'm never gonna get it.
Dedication and Enthusiasm
And then this morning, I was, like, packing up to go somewhere else in the mountains, and I was like, nah, I probably won't get it, but I'll fucking try because I heard the code. Let's go. Yeah, let's go. You got your own calendar. Look at your art. Sorry, I'm putting your art up on the screen right now. Damn. Look at that. Look at that. Love to see. What up, Califo? Hello. Hey, what's up?
Artistic Background and Collaboration
What's up? So you're artist or collector? I do both. Mostly a collector. There you go. Love to see that. Well, there you go. Well, all right. Well, thank you, sis, for that. We got the right two people. So here's the here on the screen. So let me just mute you quickly. Calif. There you go. Alex, you go first because you won first, and then it's gonna be Cali for crypto.
Prize Distribution and Audience Engagement
We have three punks. 1234-5678 910 miladies and 123-45-6789. Red guy floor is like 1.8 canal time. That's crazy. We started those giveaways. They were like, I don't know how good that. All right, well, Alex, Mac, are you ready? Let's fucking go. All right, let's fucking go. All right, let's spin this thing. And you win a red guy. Number 7646.
Celebrating Winners
Congratulations. Alex smacked you in a red guy. We're $1800. Let's go. I want one of these forever. So I was just like, even if I get Rek, I'm so fucking stoked. Thank you. Let's go. Let's go. I would hold on to that. I feel like these guys are up to a lot of big stuff right now, so I would hold on to that. Congratulations. Good luck on your next trip.
Future Events and Conclusion
All right. And make sure you all follow the 400 people in the space. Make sure you follow Alex. Her art is really dope. Alright, California, are you ready? There you go. I did the same. All right, let's spin for California. Oh, it's a red guy. We keep getting so close. Crypto. Congratulations. You also win a red guy. Love red guys. Yes. There you go.
Wrap-Up and Next Steps
So we'll make sure we reach out to you and send you guys. Your red guys. There you go. Another $3,600 given on the show this morning. We're going to do another giveaway tomorrow for Friday. Tylere. Have a wonderful day. And with that, with that. We'll see you all tomorrow morning, 10:00 a.m. eastern standard time for another episode of FomO Hour on Rug radio. Let's go. Let's go. Love that.
