Yo-yo, what up? What up?
Good morning. Good morning.
GMG. Tuesday, Tuesday, Tuesday.
God Forsaken. Tuesday.
God damn it. April 30th, 2024.
Look at that. Another beautiful day to have a
beautiful day. Last day before May.
But I guess you all went in the way.
For what it's worth, check price.
Fuck, man. I I may as well take a three
month vacation myself. Bad price.
I got my clothes in the house. Mando.
What's up? How you doing?
Good morning. I'm doing great, man.
How are you? I'm good.
What? What is going on?
What the? What's going on?
Got ugly out there, didn't. It dude.
What did? I was so hyped up about Asia
buying our bags and shit. These guys did like $2,000,000
in volume. I'm can't leave at 12.
It wasn't great. I have to.
I have to admit that that was definitely not not what people
were hoping for. Why am I change bull?
Sorry, I'm forever bullish. It's.
I was super bullish on that too, but well, I wasn't.
I mean, I I felt like it was an unknown and normally with these
unknowns when it was like with the other ETFs, it was a massive
map. We massively blew all the
expectations out, the water, and then this time it's just been
pretty pretty pathetic really, which is nasty.
And plus I think expectations they were talking about, they're
really bigging it up into it, right?
Like I think yesterday I saw they, they said they were going
to beat the US trading volumes and it's kind of a wild
difference to be predicting that and then it comes out.
Yeah, yeah, yeah, yeah. Anyway, so I'm sure we'll talk
about this quite a bit. I just posted the broadcast.
We're going to try something a little different today.
We couldn't do it last week because it was two last minute
for me to announce but I did it right now.
So today, well first of all markets, macro crypto, all that
good stuff of course I'm sure we have so a lot of talk about
market wise as as as we are racing to 0 this time for real.
I don't think I'm I'm kidding this time Top hunter gainers,
USCHKETF disappoints $11 million crypto sinks.
Eigen. Eigen, Eigen, whatever it is lay
your foot. I mean all over the timeline.
I mean dude, you're you're allowed to to to farm with the
VPN but you're not allowed to claim with the VPN.
It's kind of weird there, you know?
But we'll talk about that. I'm sure micro strategy buying
or I mean saving is something to save our bags consensus versus
the SEC, we'll talk about that. Some stuff we didn't talk about
yesterday. We want to cover all its memes
and dreams. I mean you have Camino, you have
some NFTS, you have some Moonbirds news though I don't
know decentralized rune from Rumble.
Kong's making a lot of noise second rune right now crushing
it. RSICO opening on OK X this
morning Big one, super bullish on them.
Hoodie punk selling for lowest in in years in terms of ETH.
And then last but not least we'll pick two winners.
But today today's different. I tweeted it.
I I pinned it to the top. You have to retweet the the, not
the space though. I mean, you should retweet the
space because it's banger, but you're going to have to retweet
the broadcast. So two people that retweet the
broadcast, follow FOMO Hour and Robecom are going to be selected
to come and and get a spin. And today we have today's,
today's a little different. Today there's four punks.
I swapped them around. There's 1234567891010.
My ladies because I realized the Milais are are, are, are are
work on the robot loot box spins that were added.
They're aggregated there and the RLD and then a bunch of red
guys. So so it's going to be it's
pretty much 3 collections and we'll see who wins.
So 2 spins, $5000 a pop. Shout out to robot for allowing
us to do this with and for you guys and make sure you're
listening to this show though to come up on Twitter spaces to
win. And then last but not least,
this show is powered by fair side network wallet coverage for
drain scams and all that bad stuff.
Speaking of this scams, that's the thing I want to talk about
today. Lazarus North Korea, Zac, XBT.
We didn't cover it yesterday, ran out of time, but I didn't
want to talk about it today. But anyways.
Anyways, Anyways, without further ado, let's get right
into it. Can you dig it?
Yeah, look, not a good day and we.
Skipped that part. We can detail all the reasons
why, but I would say the main one was some expectation and a
bit of a like a bit of a pump actually into the Asia ETFs,
which you know, we've been talking about for a while and
we've been very bullish on and massively disappointing,
massively disappointing. I think it was only 1/2 day, but
I think it was only 11,000,000 of volume across BTC and EAS.
So very, very small compared to the hundreds of 1,000,000
billions that we saw for the US Yeah, which is, which is kind of
crazy I would say because, but it may, you know, it may just be
a slow burner. They were very, very, very
bullish about it. But it seems like that's
disappointed. And I think you've just got to
take up, take a step back a little bit.
And we've been saying this on the show, right?
Like Bitcoin still looked OK, Like it's only down 15%, right?
Or maybe close to 20% now, maybe, yeah.
Maybe closer to 20? All funds were down 50 or 60%
and at the same time, everything's still up a lot from
this time last year. And I don't know, like I look at
this right now and I go like, I'm not just going to be dumb,
there is a lack of ETF inflows. Again, another ETF outflow
yesterday, it's been three or four weeks of it and that's been
the main thing that's driven the trade, right?
Like that's that's not fit kid ourselves like the ETF was the
main driver of the trade and now that that stopped and the Asian
I mean that may change the as ETS may change.
I'm just not you know I thought we would bounce back strongly
leverage has been low funding has been low and it felt like
we're going to get you DEP infos again.
They just haven't really materialized.
People aren't really buying that dip.
So I'm definitely more cautious on Bitcoin at this level.
At the same time, I'm not saying it's going to go down to like 20
K, but the realised price which is often where it bounces
significantly to 58 K that would be the first point of reference
here. Like do we do we hit that and
then bounce and do I think we go to mid 50s, maybe low 50s and
hang out there and consolidate there and then hopefully push on
towards, you know the summer just have a bit of
consolidation. I'm not, I'm completely
realistic that that could be a possibility here.
I think it you'd be wrong to just be constantly, constantly
bullish with with this sort of stuff happening.
Now if if we'd had a situation where we'd continue to have ETF
inflows, I would have said that we could just we could weather
anything. But my my issue here is that it
feels as though we are increasingly precarious to any
macro headline and we've been been like that for two weeks.
Anything that happens in macro crypto dumps and then and no one
really knows why it's underperforming so much versus
everything else. And it's it's because the ETF
inflows have stopped. Which just means that if macro
has any sort of a wobble and stocks are not at all time highs
but they're not far from it, I'll be, I'll be, I'll be a bit
a little bit more wary. So I'm, I'm just aware that we
are not in the same sort of technical environment that we
were for the last five months, four months basically.
I guess there was a buying up into it beforehand.
So like maybe we'd take five or six months.
We're over the last three weeks, that's definitely changed and
bitcoin's only down 10. It's only down 15% or now plus
20%. You can add emojis on charts
now. Look at that.
So it's also done 3X over that period.
So like, I just don't think you should be blind for how this can
go down a little bit. Old coins is very tough.
We spoke about that yesterday. Like you really need to buy
ones, I think, which have had adoption because it could be
very, very painful. They're down 50% they can go
down a lot more if Bitcoin goes to 50K be prepared that that
that that could be that could be a nasty one so yeah that's where
I'm at I'm definitely more cautious I I haven't reduced
anything I've I'm like I'm not saying because I'm not I'm I'm
been in spot for a long long time now at.
Least I'm saying spot. But and spotting majors right
only on Solano and spot. Bitcoin and spot.
I sold my ETH and I've got a bunch of stables.
So and meme coins. Yeah, so I have a few.
I have one or two meme coins, but.
Yes, you have a lot of duck, right.
Yeah, I have, I have AI have a particular Solana meme coin but
but that's because I back, you know back myself on that.
But the back how fun that that project is.
But at the same time, like I'm not sitting here going like, oh,
I'm in a lot of other things. So and I've said that on the
show consistently, you know, like this, this is a time where
if you're in things that you don't believe in or haven't
pumped or are in a bad narrative, switch out of them,
get into something that even if it's going to be an altcoin get
into something which had adoption.
This is that. That Asia ETF being a bit of a
disappointment I think is was one of the, I mean for the whole
of this year we were on ETF inflows, the halving and then
Asia ETFs, right, Harving's just happened.
AGETF inflows have slowed for four weeks or three weeks and
it's not looking like it's going to be 4 and then Asia ETF just
slowed like I don't know if I was at 10 on the risk spectrum,
I'm, I'm now more like 6 and if you go down to 50, I'd I'd be a
buyer, but yeah that's that's kind of.
I mean, look it, my quant was talking to me while you were
running through, so I I drew some lines.
Already been you go the lines. So I I've been, I drew a couple
lines here using Kraken Pro, you know it's my favorite exchange
and yeah I work with them but but hold on, so I'm looking at
here we could potentially head down towards the 1012 KS here
Mando. So as you can tell here there
was a bullish sentiment. So this is called the happy
sentiment. Red cheeks but there's green
candles and then you know the crying sentiment emoji here with
a downward spiral towards you know probably like 15 K 1st and
you know go all the way down slowly chopped towards.
I'm looking at $12,678.10 and then with and then and then
we're going to resume the pump which which should land us at
around you know 95 K but that's the first part of the pump so
round back back around to 100K. So you know, I don't know, I
mean OV, what do you think of my, of my, of my chart here
chopped towards 12K for next year and then July 2025
essentially, you know, eventually we start seeing a
pump again and hopefully, you know, we can resume building in
2026. I think this, this, this price
action reminds me of of May 2021.
That's why I just tweeted like a few minutes ago, like I don't
think we've seen. I personally don't think we've
seen. 100%. The top of the cycle I think we
will, I think we will still see new all time highs on Bitcoin,
ETH, Solana and many old coins before the end of the year.
But you know just like anything really, not even any asset class
or market or anything, just anything if something goes up
aggressively it's due a pull back and we're just in that pull
back now. So look, if you're if you're new
to crypto and you came in here in March, you probably bought at
terrible levels and you're down. Like you know many people will
be sitting there down 50 or 60 or 70% of the fact that Crypto
is a scam and they'll leave. And then you're going to have
that crazy rage pump that we'll see which is very similar to
what happened in 2021. You know, we had that big crash
in May 21, which. Is true.
There was articles. It was April, right?
I think, yeah, I think it was May.
I think I think it was May. But I remember then like in May.
So I got into crypto like Jan Feb 21.
So I remember in May I was like, fuck, like, yeah, I remember
that. And I almost just sold
everything left. Like I I probably would have
done that if I hadn't quit my job at the time.
So I think many people will do that.
And then, you know, I think we could, I think we could see some
good price action during the summer, but it could be a quiet
summer too. And maybe we get it closer to
election time. I just feel like crypto is going
to be in one way or another is going to be part of the
election, is going to play a big part in it somehow.
Whether it's just like Trump and Odin meme coins, whether it's,
you know, one of the parties like Trump starting to change
his TuneIn and endorse Crypt or whatever it is.
Like, I think, you know, I think there's going to be more to come
this year. And yeah, ETF gets projected
probably next month, but I think it was good.
They're not giving up the fight there I think.
So we could we potentially have a better headline then.
So yeah, like, you know, like I said the other day, like we're
we're lacking positive catalysts and good pieces of good news to
look forward to right now compared to how we were six
months ago. But I think that presents a
buying opportunity. It's just a question of like
where you want to step in in size or if you just want to DCA
low. I don't really know.
Like I don't know. I don't know if this is it and
we just bounce back higher and then we keep going higher again
or if we have further to fall. It feels like maybe it's the
latter, but I, you know I think we I think all these levels will
end up looking very attractive in a in a few months time.
I I agree with that. I think it's by by the dip.
What it doesn't feel like is it's not the sort of to me it
doesn't feel like this sort of thing.
It's going to immediately just drop to 50 because we don't have
the leverage in the system. It's not like we just fall like
a stone. It'll be this kind of like
slight bleed out and then old all coins will probably have
more aggressive moves. Like if we move lower, I think
it could be, yeah, it could be like a more protracted move, but
then I think you're just meant to buy that dip.
Like I think The thing is you can come and go and show.
Run out of money. What?
Wait, what?
I genuinely have no money left to buy.
I mean, that's been a while, though.
It's been like at least a few months.
But I try. I scratch usually.
I rotate a little bit. I run out of rotations.
I'm out of. I have nothing.
I might have like $3000 in Bitcoin, but I'm keeping that
for fees because the network's expensive over there.
Is that going to make some moves?
There's no money. I love you.
I need to win a fucking roll bit spin at this stage.
I may roll for myself Friday, you know?
I mean, you know what I you deserve.
It actually, I think you deserve.
It I'm rolling for myself. I've been betting on fucking
sports, dude. OK that's actually.
I'm eight for I'm nine for 10. In the last 10 bets, I may start
a referral code like KB MI, don't know.
I got my KBM sports betting arc soon and and get a kickback.
You know, because we already work with Robit anyways, right?
And I'm just kidding. But you're right.
Like, I'm assuming. I was speaking to some folks
over there in Hong Kong who are in the biz, some of the folks
you've met in Dubai anyways. And I was like, yo, how you
feeling about the ETFs last night?
So I was kind of asking them. One of them was straight up
like, yo, this is just going to dump.
Like he was like not even like he was like, listen, like I'm
not going to sugar coat it for you.
Like it's probably going to be a dump fest.
Like it's going to go lower. The market's not looking good
and obviously that's one one of the big dogs I speak to over
there, they're on the market making side of the business,
blah, blah. Like they're like look at it's,
it's probably not like the market's not looking great.
So similar stuff as you guys are saying, it's like they're
bullish as fuck. Like he was like, yo, I think
I'm just going to keep you saying Solana for example, at
these levels, but short term is definitely not.
It's probably a good time to not look at short term anything.
And if you're buying the dip at a dip, buy it on majors, right?
I don't think majors will buy the dip of the dip on like your
latest meme coin, unless it's it quacks.
But the thing that everyone is fading right now is blast.
OK, let's go OV OK, talk about blast.
And you know what? Let's let's use this as a segue
towards like Egg and Liar and like their latest like points
programs that actually all genuine.
Like, all the recent airdrops have been so underwhelming and
you made a tweet yesterday and I actually texted.
I was like, I think that's a good tweet.
You're like, what if the Blast AirDrop ends up being the one
that works best? You're alluded to going full D
Gen. yesterday in a tweet of yours.
Tell us more. But blast.
No, I'm just saying like it's going to be a massive AirDrop I
think next month. Depends on what you think FTV is
and obviously what percentage of that supply comes out.
But just feel like in this environment where coins aren't
doing anything, mean coins are kind of, you know, quieter right
now and I think stuff will come back.
But people are out there just chopping themselves up trying to
do all these trades. But where you could spend that
time like farming blasts. And there's like so many
different ways you can do that depending on if you want to
spend capital or not. And that's like a near term
thing. Like the AirDrop is supposed to
be next month. If it's not next month and by
the way, next month is tomorrow, but I guess it's it's going to
be at the end of the month. And if even if it's not in May,
it's probably going to be in June.
So it's quite like a near term large capital inflow into the
market where there's a massive pie that I think everyone could
potentially have. A part of that I think is just
still faded by like a lot of the market in my opinion.
Yeah. I mean people have chased things
like I can layer and mountain all these other like big
headline things and I actually think of blast gives out strong
air drop. It's going to have a really
good, it's going to be in a really good position to like
kind of like take that away from this.
Where is that money going once there's the AirDrop, if it goes
well? That's a good question.
I think a lot of it stays on blast because of the way Pac-Man
and the team tend to create these ponzies.
Like I think you'll get like a slice or something in in season
one and I think it will be worth a lot.
And then everyone who faded it will be like, oh shit, like I
need to get involved. And you know you'll probably
have to stake your blast for some crazy rewards or something
like that. So I think they'll they'll do
the best they can to like prevent selling and keep a lot
of it on the platform. But I think it is going to be
like Blur where like everyone was you know the NFT market felt
dead and everyone was like oh like whatever, like Blur.
It's not you know this all what happened to looks rare and
they're like oh this bird is going to be terrible.
So I'm not going to be worth anything.
And then it ended up being like a six figure AirDrop for for
many people. And so Season 2, it just, it got
overfarmed, like everyone was falling over themselves to try
and farm it and and make this money.
And then the edge felt more diluted and I think you could
see the same thing happen here except Blur is going to be.
I mean Blast is going to be like a much much bigger coin and
ecosystem than than Blur is so. Money's calling I.
Hate that? Well, how that was.
Wing wing. Money's calling.
All right, Well, that's something to pay attention to.
I mean, it's the last match. It's blast and frantic after
this, bro. If both of these go to shits,
I'm literally going on vacation two weeks, leaving my phone's in
Canada. Nothing's going on.
It is crazy. It's the last two men standing
in the AirDrop meta. I mean, so yesterday Frontech
was delayed to Thursday 'cause they said that they wanted to
add something specific. I forgot what it was, was the
ability to like reward your key holders or something with your
AirDrop or something like that it seemed.
So that was they were like that's a good idea.
We're pushing it to to to Thursday.
We covered it quickly on the show because it happened really
at the very end. So we kind of glossed over it.
So friend tech, we're saying many of you have requested a way
to share your friend AirDrop with key holders when you claim.
We think this is a great idea. We'll need some time, some more
time to make this happen. So we're moving the launch to
this Thursday at 10:30 AM Pacific Standard Time.
Look at this stage we're talking $1000 A A, A a point.
Like surely right? We're talking $1000 a point,
yeah, for Fentech, yeah. Feels low.
Right, OK, well, Obi says just in.
Where's degenerate news when you need them?
Just in OSF? Shit Coin Connoisseur says
friend is going to open above $1000 a point.
Please please please so I can. This is, this is, this goes back
to what I think about what's going on in the market.
Who is the buyer of your AirDrop?
Right now I was. I was thinking the same thing, I
don't think. Who is that guy who logs on and
goes, hey, I want to buy your We had them previously, right?
Like when a new Binance Launchpad coin would come out,
it'd be like an instant 5X. And that was the period from
about May 2. Yeah, yeah, probably about then.
And then Jupiter was a little bit iffy, right?
And then from then on, I don't know what has been a good
AirDrop. No one's been the buyer of that
AirDrop. They've all completely dumped.
Maybe maybe one of them has has been around for for a day or
two. And I think that I really like
BLAST. I think it's a really, I mean
you know we were talking about this before.
So just put the other just to put it out there.
I think they do. They did a really good job of
getting creating like native ponzies and had it.
Too. Like they've done it right so
far for sure. Like everyone on there gets what
the game is and they love playing it because it's like
gambling. It's like gambling.
We want different ways to do it and who can get the most points
to get up the your golden and I think that's really good.
It's kind of like base but more D Gen.
You know they've got some unique apps on there.
I think that's really good. But I do think it's got this
like feeling about it of, as we just said the people on it love
it. They absolutely love it.
And the people off it think it's a Ponzi or think it's like it's,
you know, I can't be bothered or like it's too difficult.
And I think it's going to be more similar to Blur in that,
you know, the number of users on Blur is not that many.
They were actually just, it was only a handful of farmers or
farming amongst each other who took a share of a pie.
But that pie got increasingly diminished and you got locked in
to like keep keeping you had to like continue to do it, like
keep your pie. And I think that's the thing
with with with Blur. It's not.
I don't think it's not that. I don't think the people on it
will make money, which I think they will, but I don't think the
pie is going to be that big. I think it's going to be a
smaller pie than what people think it's going to be because
it's got that, like you either love it or you hate it or not
hate it, but you're just apathetic to it.
And you you think it's her. You have this like people who
are just like it's a Ponzi. So yeah, Friend Tech is another
prime example of exactly the same thing.
Like we're all on here like hoping the points are going to
hit, hit some sort of level, but who's buying then?
Well, I'm meaning I do not have any hopes anymore for any of.
Any of any of these. Airdrops from desires.
Crazy. Like, I don't think it's a
complete disaster. You can't even transfer it right
now. I know it's got like a 15
billion. The eigenlier one.
That was another shit question for you.
So that was a conversation on Thread Guy's faces.
Yesterday I went up because I couple meetings cancelled.
Like fuck, let me go see what the people are talking about in
there. And Thread Guy made a point.
He's like my friends don't have enough money to buy our bags.
The 18 to 30 year olds in Canada, in the wet in this, in
Canada, in America, they don't have money.
It's a fact. It sucks, but it's a fact.
They may have money to buy $100 worth of whiff on Coinbase or
whatever coin Pepe or to try and hit the lottery.
Because we love Powerball, we love the scratch off lottery, we
love betting, but who's going to buy it?
Do you like it's who's going to buy if the ETS are slowing down.
We're counting on the 11 TF issuers.
I think on Hong Kong stuff. I think we played it down
earlier but like, it was actually not that bad.
Right. In retrospect when you look at
like the commitments. I also saw a tweet from from
Balcones. I'll show you later to show the
other side of the spectrum or like, it's actually not that
bad. There is there was a lot of
positives to to what happened yesterday.
But but you know who who who's going to buy our friend points
or or egg and liar points and this and that.
Like the wormhole. I was like, yo, I'm gonna hold
this stuff because it's going to go higher the second I saw it.
Have a red candle. The green candle.
I sold it and I tippity topped it for the first time in my
life, 157 And I'm looking at $0.60.
I'm like, well, I was right. Not because I'm a genius but
there's no nobody else to buy a bridge And how many people are
going to pile into a $10 billion bridge.
Right. And so I just, I I think you're
right. When when you make that point.
But now let's go to the other side of of the conversation.
Ryan Salkis yesterday said don't let Joe Boden shake your
confidence. Q1 brought us some just some
positive news dude, you know I I feel like the people need it.
Q1 brought US record stable coin market cap 160 billion, record
developer library downloads 25,000,000 record active
addresses and texts and and transactions scaling, scaling
works. Record mobile wallet uses
27,000,000. I even saw like phantom, I think
you replied to them like broke a record with like 7 million users
or something and record institutional inflows for ETFs.
And the other day like the ETF inflows were very big in Q1.
Whether we want to say or not, there's been a lot of buyers.
And actually the other good tweet came from Suzu on the Hong
Kong takes. He said volumes were relatively
decent on Hong Kong crypto ETFs versus other HKTFS and we
already talked about this. So it was OV that said it's not
that big of a market. It was back then 9 figure
inflows, securitization demand via in kind creation.
It's no bazooka, but it will be a useful conduit.
It's like just so you all know like 125 million inflow would
have been equivalent of 21 billion United States dollars of
inflows here. That's what Balkunas was talking
about. It's like 12 million you can do
the math and and so those were some some some some news but
also something else that Balkunas talked about is here's
a a Hong Kong crypto test followers breakdown all toll
traded 12.4 mil a lot for that market equivalent of $1.6
billion in the US right. So technically like that's the
equivalent assets much stronger though the China AMC reporting
$141 million in assets equivalent to 22 billion in the
US with 121 million of it in BTC and 20 million ETH.
So at ETH grabbed 14% of the ETF inflows in in in Hong Kong over
the last, you know, since it opened last night here.
So I thought that was some interesting stats.
I don't know what you guys think on that.
We don't have to go over it too much, but it's not like it's all
grim either, right? Like these are pretty positive
and I guess it's good to see what ETH captures, right?
Because we don't know here what ETH would capture.
No, we've had a wildly successful quarter I think.
I think what's what Celka says is very, very true, but you have
to admit that it's backward looking.
It is backward looking right now.
Like the TBL stable coin TBL has been going up but then did did,
did go stable probably a couple weeks ago now and then you've
had ETF outflows. So it makes sense to be to take
stock of stuff like I think crypto has come so far in the
last few months and I think you should always be like I don't
think there's a better asset class out there to buy on a on a
dip than than some of these majors.
But that being said, like we can't just come on this show and
say every single day we think Bitcoin's going to.
No, but it's not. Yeah, like I think we've got to
give a give a where we are on the one to tell one to 10 short
term bullishness. Obi Obi moved the goal posts
back by a few by 1/4 or two now. Yeah, I'm not.
I'm not. I'm not.
You too. On the on the bullishness scale
for for Bitcoin right now, I thought Bitcoin could go to 100K
in Q2 just like Ovi thought as well.
Like, I really, really did think that you.
Still think that? Yeah, I think I do like it's not
nothing is out of the question, but when you've had four weeks
of outflows, I'd like to start seeing some inflows again or
yeah, things could get nasty. So I'm not sitting here waiting
to buy the dip. I think I'd rather wait to see
if we get some inflows for a few days and we start to stabilize
and then I'll look to buy the dip up.
The great thing about these ETFs is, yeah, they can be slightly
backward looking, but they're backward looking by a few days.
Like if you start to see stability in those, in those
outflows, I think I think you could look at buying that dip.
But yeah. Larry Larry stops buying.
Haven't like they haven't. There's been four days without
an inflow for BlackRock. You know what, Larry just wants
to buy it lower, though. Think about the.
Exactly. Think about the PSYOP guys.
Larry can't keep buying higher and higher and higher.
Larry at some point needs to get some pull.
Butting our bags for entry, yes. Comfy and spot with grails in
the vault. You know those classic things
they say in like a in the Telegram chat when the price is
going lower, like, Oh yeah, yeah, whales are selling for
entry. We can't.
Enough. Yeah.
The I think the bullish stuff that I've seen is that Morgan
Stanley, all the big wealth managers are now starting to
turn onto Bitcoin and they are huge, these big wealth managers.
So if they start buying or subsidy inflows, that's what I'm
really bullish on. I'm bullish on potentially more
sovereigns getting involved and buying.
But again, like that's maybe who Mr. Mr. 100 is, We don't know,
but it would be good to see a few more instances of that.
This cycle has not been a big adoption of users, but it would
be nice to see maybe some more users coming in for maybe an app
or two. And then I think the the the
final thing, yeah would just be the if we start to see the ETFs
around the world, all start to see more influence.
I am genuinely really shocked about the Asian.
Like I really did think they would.
They were going to absolutely smash.
It well, on the flip side, something that obviously I
talked about that one, it was like during that week where you
were away like we were talking about the Hong Kong news and we
were like, well, isn't the crypto industry so tapped in
already in Hong Kong, in Asia, Like they have all the exchanges
over there. So you'd figure that they
already like the big rich dogs like over there.
They cannot have exposure to like like the biggest exchanges
are all there, right, Like finance.
OK, X good coin. Fucking buy bits.
Smaller market is. Not bits.
Yeah, like all involved a smaller market.
I didn't. I didn't.
I was surprised that we rallied on it, to be honest with you,
but I don't. I think it was.
I was the last pump before the summer OVI.
Think it was. I just think it was like market
market manipulation really. I just think people are so like
fidgety right now and retail scared.
It's so easy for someone to come in like buy a load and push this
like ETF thing and then just dump all everyone like I think.
Yeah. Look, OK, hold on.
OK. OK.
This is this has become way too bad for me.
OK, OK. I can't.
I can't do this. All right, That's it.
That's it. All right, there's 3000 people
listening right now. I know a lot of y'all are here
for the Robit spins, but listen to us, OK?
And follow FOMO Hour Push Robit, because you're not going to get
selected unless you follow FOMO Hour on X and Robit and you have
to be on the Twitter spaces to come and win.
OK. Anyways, in other news, I mean,
we didn't really talk about Egg and Lyer.
It's amazing. Wow.
What do you think of this? Like it sounds crazy to me that
like you allow people to farm with the VPN and when time
comes, push comes to shove you don't allow them to claim with
VPN. And the other thing is not
really 5% to community. I believe it's 15 but still.
So your thoughts on that And then of course like I thought it
was ironic that all the Big East maxies on Sunday night, actually
Kobe's the one who pointed that out are all like big week, big
week, big week. And then literally the reverse
of the big week happens. Like it couldn't have gone
worse. It literally, the sentiment
around this AirDrop couldn't have been any worse than what it
is right now. How did you guys make of this
whole thing? And are we bullish on this or
not? Like, I don't know, man, Sobey's
calling it the future of the planet, but obviously I'm sure
he's, you know, Sobey's got bags.
He's got bags and everything. What's up, man?
What's up with this Egan Liar thing?
Well how how do you make it like this?
Like and proven the USA is going backwards on their laws because
they it's because of the laws also not just because of the
Egan Liar. The people can't fucking do
anything here. Yeah, I think it's it was a
disaster, it was just another one of these sort of disasters.
It firstly got deployed for the Tokenomics, so it is 15% but
only 5% on this AirDrop which is relatively important.
It was not transferable. We've seen this a few times with
recent the safe AirDrop for example was non transferable,
but I wouldn't have expected that for this one which was so
hyped. The team and obviously investors
got I think 50% or more of the of the tokens and they are they
are able to sell them. Oh, so those are transferable.
No, I think they can vest. They're already vesting
basically. So when it when it comes to them
being transferable, they'll be able to sell them straight away.
And yeah, the the, the, the BPN stuff, I don't really know about
that thing. Like I think that's the
obviously the laws have changed fairly recently or at least like
the the amount of enforcement on on different things has changed
really recently from the SEC like we're we're facing an an
ETH meta mask and a bunch of different wallets got got.
That don't blame them for that much, because you know, the USA
is actively like running a war that was not.
That was not great, but like, I think I can understand their
position. But yeah, the other stuff is
just, it's just another disappointment.
It's just another disappointment I think.
I think also so many ETH bulls were so bullish on this two
bullish and we just kind of needed a win.
I think maybe Blast is going to be that win.
You know what's crazy is I'm starting to think that Blast is
going to be that win. Like, I genuinely agreed when OV
tweeted yesterday. What if I saw it before I even
talked to you and I was like, I actually started to think that.
I'm literally starting to think that and the other side of me
wants to put half My Portfolio in fucking Bitcoin.
But I can't right now because Solana got wrecked so hard.
So it's not worth rotating though.
And I'm also Uber turbo bullish Solana this cycle, so I don't
give a shit per SE. But like, I don't know man, I
flight to quality. I just want to be comfy in
Bitcoin and Bitcoin ecosystem. But I don't know, I've been been
talking about this for a minute and and I really like it.
Like on the other side you have like RSICE.
That team is fucking. Actually, you guys would
appreciate this. You guys should look at the
distribution and how RSSC did the token distribution for their
route and everything. They actually launched on day
one. They paid half $1,000,000 to
deploy and they did it and look at why they're ahead of the
curve right now and they're doing everything properly with
OK X and everything. But I don't know it's damn, this
is, this is, this is crazy. Why is someone saying I want to
spar with OSF so bad? Who's this?
I don't know Protocol G This guy's got a Jake Paul PFP.
It's Jake Paul. It's not really.
I mean it's Jake Paul, but from wish.com.
I can connect you if you really want to spar with him.
But I think he's pretty good at. I mean he's I'm not going to
lie, he's he's kind of oh, wow, OK, that's him.
Would you spar against him? Yeah, why not?
Maybe that's not him. Republic of Belarus.
Anyways, point being back to what we're talking about.
The Egan Liar thing was not great.
People needed to win Coin Mamba went in though.
OK, that guy was that guy was firing off tweets yesterday.
I mean I don't know if he has followed what Mamba was saying.
The motherfucker went in on them.
He said. So Egan Liar team and investors
are getting 55% but stakers are getting only 5% and even that
will not be transformed at the beginning.
The amount of greed crypto developers and VCs are
exhibiting just keeps surprising me every time.
So there's that and and he just, he just went on it.
He just went on it. Apparently this is how the
Tokenomics look like. It's it's not great.
It's really really not great actually.
Ansem had a tweet yesterday saying like, yo, So what is the
consensus on, like what tokenomic structure works out?
I'm studying that tweet trying to see like what what the best
way to approach these things are.
But so far it seems like there's not like a general consensus
either in the industry and a lot of people are just trying
different things and it hasn't really hit.
So taking notes, studying, and I hope our foundation is taking
notes as well and studying. Anyways, in other news, what's
next? And then we're going to pick the
winner soon. So get retweeting.
There's 400 people on space. There's 3200 people watching us
live on video. Just so y'all know, we stream
every single day 10:30 AM Eastern Standard Time.
Though that may change in a little bit, A little bit every
day, Monday and Friday. And it's a fire show.
You sent this this morning. Mando Consensus lawsuit.
It could take yours. Obviously we'll take yours, Not
could. What does that mean for my bags?
It means that crypto could be in that in kind of a limbo, or at
least ETH could be in that limbo, the Bitcoin.
Will do very well. So bearish this morning though.
God, I mean, has the US really been that helpful for crypto for
a long time, like. Literally seven years without
the US. Finance Coinbase, Cracken, ETH,
every single D5 protocol wallet providers all to court like it's
oh they haven't called it to security like I think I think
what you really need to see is wholesale change in how the US
used crypto speaking. Of that, the sentencing is
today, for CC it's April 30th. So there was one thing.
Remember when we said, like, at first they said 18 months, but
then they went for three years and we were like, whoa, that's
weird because they went over. I read that the reason they did
that is because he, he was not able to appeal a sentencing of
18 months and under. But since it's three years, he
can actually appeal that. So thankfully, it could be a
little better for him. But maybe a lawyer can correct
me if I'm wrong, but that's what I'm getting out of it.
So sentencing for CZ is here. You know free CZ4.
So, so free, free free. Our boy over there.
I know we're streaming live of Binance life.
Make sure you follow us on there too.
Anyways, there's that. That was in the news.
The good news was Phantom hit 7 million active users.
It's not bad monthly. I'd like to see that.
Obviously that was doing really well.
Stripe now supports Avax. You guys were talking about Avax
yesterday as a as an L1 that you know you were saying that Mando
that could be a good one. And then on the NFT side look
like we don't have much much to talk about besides the fact that
we rolled back the CC0 on Moonbirds.
Are you guys buying Moonbirds? No.
What? You're not buying birds.
Wild what happened there, right? Like the the I don't really
care. I feel like the people who are
really like aghast of the CCO thing about moonbirds are
actually. No one was building anything
with Moonbirds IP. Exactly.
They just they just want to bash you guys.
To be honest, I don't give a shit.
Like no one was building anything with Moonbirds.
CCO. Yeah, OK, OK.
Maybe they're trying to fucking, they're trying to fucking save
your bags. All right, I I just think I see
a lot of people who aren't who aren't Moonbow holders and just
have been consistent yoga haters than going after yoga for.
It's everyone, right? It's like it's always like that.
I. Think it's a smart move by then
and Moonbow's rallied off the back of it because I think
people recognise that it needs some direction.
CCOCCO just didn't suit Moonbirds.
It didn't have a, it didn't have this.
Like we have CCO and rec guy, but we have like an engaged
community and like community leaders who love doing this sort
of stuff. And we've also got rec drinks as
well, which is like something cool to even that we're doing
with the IP. Moonbirds didn't have that in
any way. There wasn't they gave you Fanny
packs and there was like very little community cohesion.
So I didn't get to. I kept my Moonbirds Fanny pack
to remind myself of the loss and also because I think it's going
to be a cultural artifact. One day I gave on to my mom and
I kept one. It's some it's in that drawer.
Thought you'd like to know that Moonbird's looking really fire
though. But but it is what it is.
So you're going to need a character, a character that you
own. Starting today, Moonbirds will
join the Mythics as a collection with commercial rights.
If you've made stuff during the CC0 era, cool.
But from now on you'll need to own a moonburst to keep doing
so. The thing is with the laws, you
can't in the USA like go back on CC0 but if there's like art
upgrades, blah blah blah blah blah blah, like you can or
there's like just a there's a way around it and like to
everyone thinking like yo, can you do that?
Do you really think Yuga Labs would have done that without
looking into it, you know, whether you like them or not.
Like it's kind of logical that they would have looked into it
before rolling that back. So at least they're doing
something for Moonbirds. They said much better hands than
it was before and I'm saying this as a no holder.
I do not own a Moonbird. I've I've booked those tax
losses in 2023 or 22. The summer of I think I forgot
anyways. So that was that.
On the market side for NFTS, there's not much going on board.
Apes are back down to about 13 eighth and 2 1/2 Izuki's.
That's Izuki's doing well because obviously they have like
the anime coming out, they have the token coming out, they have
a migration, they have anime chain, they have a lot of stuff
going on for them. So that's doing pretty good.
It's 5 eighth and the rest of it, I mean, my ladies are doing
great, It's 5/8, That's why I had a whole fucking bunch of
them on the rest. But anything else is down.
I mean, my Bitcoin puppets are down to .26.
Bitcoin node monkeys are down. Runes across the boards are kind
of down aside from .25 besides Rune Stone and and the
decentralized one, which is from the Rumble Kongs, which was the
big one. That's so funny.
And then and then that's really it.
There was an OMB that sold for a quarter $1,000,000, which is
pretty cool. I got to give that a shout.
I think the art is fucking sick on that.
I saw a man report on that. There it is, this one for
Bitcoin. So it's pretty cool, right?
If you get the historical reference, which I think was
pretty nice given the Bitcoin, HKTFS, all that stuff, pretty
cool. So that was that.
And then that was they have a hoops league that's sponsored by
Gatorade and then they they launched a whole ruin on with
rumble Kongs, the decentralized ruin, this one.
Number two. So that's actually room number 2
that they have and they launched the stuff on it.
So I did about six $3.5 million in volume RSIC dock to the moon,
still the top ones, as you can tell.
I also have room prices here to show on the screen if you want
to see them. So it's really dock to the Moon
right now that's leading decentralized second and RSIC
3rd and that's that on that front for NFTSI mean the bleak
continues across the board. This punk sold for 105 ETH.
I've got to say it's probably the ugliest hoodie punk I've
ever seen. But hey, it's still a hoodie.
He's still comfy in spot, but 105?
That's pretty low for for a hoodie.
Spirit of Zucchi sold for 70. ETH on the On the flip side.
And that's about it. So bearish, bearish show today,
but but it is what it is. God damn it.
We'll be here. We'll be here in the bear.
We'll be here in the pool. All right.
Y'all.