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BTC VEGAS, TARIFFS, ETH SZN?

May 29, 202552 minSeason 4Ep. 367
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Episode description

BTC VEGAS, TARIFFS, ETH SZN? - FOMO HOUR EP367FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.JOIN YEET = https://yeet.com/register?aff=fomohourPLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGLPODCAST = https://x.com/i/spaces/1kvKpydgqMQGELinks:https://linktr.ee/fomohourhttps://twitter.com/fomohourhttps://www.rug.fm/https://x.com/rugradioHosts:https://twitter.com/farokhhttps://twitter.com/rektmandohttps://twitter.com/tyler_did_itMyriad:https://myriad.marketshttps://x.com/MyriadMarkets#bitcoin #crypto #podcast

Transcript

Oh, yo-yo, yo, what up? What are we? How do you do the boom Boom I? Don't know how he does. I don't know how he does it. During our life there it. Is it's baroque intro music. What's up? What's up? GMG Thursday, May 29th, 2025. Look at that. Another beautiful day to have a beautiful day. I got my coast in the house. Tyler Mando. Good morning. Good morning. Good morning. How you guys doing today? Oh yeah, amazing. Oh, wait, why is it still going? Stop. OK, there. Pause it.

OK, this is so weird when Sims is not there. But don't tell him I said that, OK, he's going to he's going to love this. Start the space, click the intro, start go live on YouTube. And isn't that Oh my God. Oh yeah. What a hassle. Hopefully today after the show I I don't forget to end show and then we're talking shit in the studio. Tyler, how you doing today? I'm good. It is our official moving day. I'm leaving downtown Chicago after 17 years stint. Damn in the city.

So a little a little bittersweet. Leaving Star Rack. Yeah, so off to some some greener pastures. I thought you'd already moved. We've been, we, we, we closed on our new house. So we've been up there on weekends, but we're officially moving out of the condo today. Man emotion. Yeah, yeah, very emotional, a lot of stuff going on there. Yeah. I, I don't have a camera anymore and nor standard lights. So that I'm holding up for the next couple of shows. So I'm out too, yeah.

We're both moving same. As a matter of fact, you guys can't see it, but there's an echo in my room because there's nothing in the room I'm in. That's why I have a background. It's a desk, my monitors, which I'm giving to my mom and so on. The desk and my microphone because I'm flying with it. But the camera's gone, the stands are gone, the lights are gone. It's really weird right now.

We're digging a new background. Yeah, See, I got, you know, this is this is, you know, the the industry. If this is, I guess you could say hyper liquid if Clementa never bought it, the industry if James Wynn never long Bitcoin, shortened Bitcoin. You could you could make whatever you want. Yeah. If you never blame for Oak this. Is yeah exactly the you know Bitcoin if if you never blame for oak you can just add, you

know anything you want. I mean, you know this would be Bitcoin if if or if prunes were never invented so you can make whatever back right Anyway, today on the show today, OK, we're live on YouTube. We're live on X perfect videos. We're working today on the show today today. So we got market report work a little fragile this morning. So let's see what's going on there.

Tyler's top 100 and then we're joined by by Pedro Pedro core contributor, founder of the wallet Connect, which by the way, damn guys, do you realize that was a clean 5X since they came on the show and did the tge like with size it. Was out there for anyone. Yeah, for anyone like and nobody took the trade, including ourselves, I think, but that's pretty wild. I don't expect that.

So we'll talk about all things we'll connect with our with our partner, which by the way, we we give the money out yesterday. So the 140K we gave out yesterday is actually 150K this morning. So that's not bad. So I absolutely love to see that predict Fi. There you go. We're coming for you Info Fi predict Fi predict coins society once predict coins get invented. Wow, I'm a genius. I swear to God this crazy is born like that anyways, and it was like, what am I doing here?

Last but not least, you give away. Let's see who wins some money today. We're still going to run the giveaways, but we're not going to win run raffle bots because Sims is at a fucking wedding. Can you believe that Sims gets three days off? I mean, who? Who's his boss? Who approved this dude? Like who approved Sims to take three days off? It's insane. This guy isn't like bum fuck nowhere for a wedding. So we'll pick someone from the audience.

I mean, Mando, you and I can figure it out at the end of the show and we'll just pick someone and give them some money as long as they have a heat account using the FOMO hour referral code. So I can see, I can see behind the scenes even since it's not here because I have access to the account. And and then last but not least, this show is powered by powered by wallet connect. How we love wallet connect Wallet connect is a connectivity network shaping the future of on chain UX.

If you've connected to Web 3 app, you've seen wallet connect that blue logo, it's everywhere and I can't trust in crypto is recognizable as visa. Check out I want to learn more. Follow wallet connect on X and Telegram to stay ahead of what's next. Mando, let's talk about this market. Who is the man that called Daddy? Can you dig it? GM, everyone. So it's been a bit of a volatile morning. I would say we had some what I would consider good news overnight that the tariffs might

be delayed. Like Trump is going to face more legal issues around actually pushing through just his ability as the executive to be able to push through tax increases like this has been challenged basically in the courts. And originally we saw stocks rally. We saw everything rally, particularly Bitcoin particularly Again, you've had a bit of a, a better 24 hours, let's say touch 2800 I think or. Nearly, Yeah, We on Binance, Yeah, close 786. Close enough.

And then as we've kind of gone live, we've had a little bit more weakness kind of throughout this whole, this whole Trump news hasn't been taken as positively. NVIDIA had some strong earnings yesterday as well, which has driven up maybe the NASDAQ, but but generally stuff is just a, a smidge lower. It feels like gold is also dropping a little bit on the back of the news, obviously, like as it seems like a safe haven.

So like that that drops slightly on the on the back of so so maybe Bitcoin. This wasn't like so amazing for Bitcoin. I don't think it's that terrible for it at the same time, but we've we've dipped to 107 K right now Salon around 170 and E kind of two 650.

So strong is course, yeah. The, the main thing that we've been seeing is is from the Bitcoin conference, which is kind of the same stuff the whole time, just talking about new people coming in to buy Bitcoin. Yesterday we had Pakistan come out and say they're going to do your Bitcoin reserve. You had Eric Trump saying Bitcoin to 170. Russia said they're going to allow much more crypto products. And yeah, just just just generally bullishness about corporates coming in and buying crypto.

The other big headline is that FTX is going to begin its distributions from tomorrow. 5 billion is going to go out, which I think is. What tomorrow? Yeah, every week it begins tomorrow, maybe a protracted process, but yeah, it begins tomorrow. So that's I think that will be taken positively by people and be nice to see in the timeline people get their money back. I think that I do think, and this is not just because I've

been saying it for a bit. I do think the story right now is, is E for a little bit here like it's seen the most important to the ETF. It's seen for many months over the last over the last few weeks. And the fact that it outperformed again, I thought was relatively interesting. You had some of its major memes, had a good 24 hours. Pepe Trump posted about Pepe, which is pretty funny. That was crazy.

And then? SBX has gone back above a billion and then MOG is is having an OK 24 hours too so it feels like the major memes on ether also outperforming they. Look good man, they still look very good. And I would say that the major stuff on soul looks a little bit weak. Again, that's that's not just means that's AI, that's Internet capital markets and that's a few of the other like more recent trends and like define stuff. So that that's kind of the the roundup from crypto really

macro. We. The big day was yesterday. Like it's kind of in the rearview mirror here. You have, I thought the news was pretty positive that we got overnight. The fact we're going lower, maybe, maybe we're going to go lower for a little bit more. Yeah. I wasn't sure if it was positive or negative. I feel like it I my my initial read was bearish. Just be. On the Trump tariff news.

The Trump tariff news, because it's going to get him worked up, as I understand it, there's other ways he can go about this still. And now there's just going to be more back and forth, more legal action. And I think it prolongs the uncertainty versus US just going to OK, we're moving forward towards this new operating order where tariffs on these countries are going to be X percent. And at least now, you know, and you can make business decisions

based on that. And now I feel like we just have kicked that can. So once again, if you're a a business in the US trying to make big decisions on how you're going to manage international trade and, and getting sourcing your goods, what are you meant to do? I feel like he's not just going to back down. And the he's definitely not, you see. This old Trump Taco. The Trump Taco trade. I saw something about it that's Trump always chickens out or

something he's called. Trump always chickens out, and apparently a reporter put that in front of him for the first time yesterday. No. Like it? Obviously. So I think if there's, if there's one man that maybe you don't want to rile up and make more stubborn, it's probably him. So I feel like that might have been one of the biggest pieces of news of the day was Trump finding out about the the the Taco trade shit. You gonna be video, I don't know if you guys will hear it.

We can't hear it. The space Cam, but not us. Yeah, so, yeah. So someone asked him straight up. Damn, that's that takes some balls. That's wild. Indeed. Holy shit. So I I don't know, I think there's other factors at play driving a crypto price section, but I didn't I feel like there was good takes last night at the time like, oh, this is Max bullish tariffs are gone up only mode and I like it's not clear to me that's the reality. I don't know, boys, I would.

We don't know what to make of it. But if this is the dip, then you know, Mando did say, you know, Mando say yesterday, dips coming. You're meant to. Yeah, that was a frothiness. So I I I think you meant to buy the dips. Basically with what money I don't know, but if you have money, you are meant to buy the dips for the people out there to have money, not you. James Wynn, you're night, night James Wynn. He longed again.

Did you guys see? He added more money this morning and I'm pretty sure he's licked again. Big game, James. Big game James. I mean, what's the opposite of big game Jesus at this stage, Tyler? Yeah, I don't think he he's not backing up the nickname anymore. We're stripping the title. What's the opposite of big game, James? You know we're going to have to I'll. Have to workshop that. Yeah, we'll have to workshop that Tyler because it's it's not going very well.

Let's just put it this way. So anyways, so let's see where that's at. I mean, I've seen a few charts. I mean, this all tags along with the M2 liquidity chart the other day, guys that we've seen, you know, a lot of people calling for that also we're are going toward ends of month is the the month and also going to be on the a liquid weekend, right? Well, a liquid, sorry, low volume weekend, right? Because Saturday is the last day of May 31st, right?

Yeah, Saturday 31st this one Champions League final is so so we'll see what what what happens in that sense. But what are you saying? You think we're closing the month, they're going to push us down to a month in the good month of June or how you guys feeling about this end of month? What was the monthly open? The monthly open, I will tell you this in right now, Sir, the monthly on Bitcoin, right? I'm assuming that's what you want the monthly open on BTC.

Let me share my screen was it's here, right, The monthly open. That's why we the bottom of this week or here it was 94 or 9394, right? Yeah, like 9490. 590 yeah. 90 yeah. 94 Let's say Mandel, something like that. I mean, it's definitely not going to go to 94 but but it may go to. One O 4. Yeah, very. Yeah, that'd be very. I would be super unsurprised if that happened. And if you have a if, you're going to lose your mind if that happens, just. Just maybe take a break.

Yeah, I mean, just look at the weekly. The weekly is a better idea. I think of of what could happen here like retest. I don't think we want to go back to the range, but. Yeah, well, top of the range probably, right. So we'll see. That's where your liquidity chart adds up to Tyler, the famous M2 so. You're going to you're going to hear more cries for Salaman. Go away if that happens, I can

tell. You. Oh my God. You know, what's funny is the same people have been seeing Salaman go away for 29 days now, OK. And a broken clock is right twice days. Or is it maybe 29 * a month? A broken clock is right 31 * a month. Not to me. I don't. I don't know. So it seems like this is going to happen and they're going to call for that.

I do think that, like, all this degeneracy from James Wynn kind of needs to go. He was long another half a billion dollars this morning or something, right? Or is it 700 million again? I don't know what it was, but it was some. Yeah bro how? Much money has he got? I thought it was it was all out. He was all out, but then he went out again it again this morning, bro and like he was like when I woke up, I just saw he was long again here. He shared it here.

Let me show you shoot my screen one second. I'm here. He was long $500 million this morning. He said the comeback will be ferocious. He was up two and a half million dollars and I'm pretty sure he's, I mean, unless he closed this, he's about to get liquidated. Yeah. His margin is 12 1/2, so that's literally the rest of his money. Yeah, I think Lukong Chain had like his wallet. It's not looking great. I mean, then they were looking at it, but I don't think for the

right reason. Like a lot of saying, hey, you guys are still looking at it, but it's not really a good thing, you know? It's a it's a teaching moment for things not to do. Yeah, I mean, we had a good lesson yesterday for the audience. Oh fuck, man. He lost another 8 million in 24 hours. God. He got his, he got his wallet, so now he's down 7 million. Yeah, 24 hours. So he's actually done 90 mil now in one week. So he lost more this morning. Oh fuck guys. Can you send me the screen?

Can you send me that screenshot? I'll send you the link to it. Mendo here. And maybe a tweet coming. I'll send you this if you want, Yeah, but you can, you know, just. Send me the link to hype. Dash. I did. I did. I did. I did. He's not giving. He's not done here. He's not done but his lake price is one O 6 three so they're just keep chasing him like he's going to get liquidated in like 5 minutes. I'm just saying he's got more money behind this.

There's no way. Well, that's what we think. Yeah. But. I don't know where you got it from. Dude, piano combined one week is -90 mil guys. That's a bad week, especially with like if you look at the Bitcoin seven day chart. It's just the 5%. I guess Bitcoin is on 4% and he's down, but we basically are sideways for six days and he's down 90 million. Oh boy. Wow he lost another 8 mil today from. Dust to dust. This is like some crazy self-destructive behavior.

Like like you said, if you look at the Bitcoin here on this is the weekly Bitcoin chart. By the way this here this weekly is where he lost 90 mil. Look at zoomed out this red candle here you guys see on the screen for those of you watching Austin video, that's the weekly Bitcoin chart. He lost 90 mil on this this move. Let me zoom out for y'all right there. It's tough. It's a tough one.

Anyways, look, tuition is on, you know, tuition is on some people, you know, someone said there's a, there's a, there's a, there's a philosopher once said don't save her. She don't want to be saved. Don't save her. She don't want to be saved. Tyler, let's see what you got for US analysis. The big story yesterday, Trump's tariffs were blocked by a U.S. Federal court, leading to stock futures spiking also on the back of NVIDIA beating earnings,

though Trump said he will peel. And now this morning majors are selling off Bitcoin at one O 7 KE 2635, losing 2700. Yesterday, Bitcoin Vegas vice president JD Vance said Bitcoin will become a strategically important asset for the United States along with several other bullish comments.

I think he said 100 million people in the US will own Bitcoin. At a keynote speech yesterday, we also saw Pakistan announced plans to set their own strategic Bitcoin reserve at Bitcoin Vegas yesterday as well. So a couple headlines ahead of today's speakers. BlackRock shared plans to acquire 10% of Circle's IPO shares. So a big bet there from them.

Circle also on the day froze $57 million worth of USDC connected to Hayden Adams. Another headline we saw on crypto macro is the I'm trying to what's the the US Department of Labor officially rescinded the 2022 guidance that discouraged employers from offering crypto and four O 1 case. So now it's not an by any means, but this is going to more more so open the door for crypto and four O 1 case. I think you can make a case that that was the biggest news of the day.

We also saw this new vivo power company that raised 121 million to build a Ripple XRP treasury with the help of a Prince from Saudi Arabia and a former Ripple board member, Adam Trademan. And then 21 shares filed for a dose corn ETFs. Maybe that point ETF will come this year. In token and AirDrop news, I think Myriad, arguably the biggest news of the day, distributing what is now $150,000 in WCT tokens, WCT up 18% to one point O 8 billion FDB that. So Sofon AirDrop went live

yesterday. We had Nansen announce a new affiliate points program that's going to launch on June 17th here in a couple weeks. The bubble maps V2 went live with some new real time data, historical lookbacks and magic nodes. Rounding this out, AI market was down 2%, kind of just a chop mode and memes. I think the big story is SBX actually. So SBX was up 20%. I hit $1.20. I think it pulled back a little bit since then.

That's 1.2 billion. They're all a handful of other meme movers, but nothing too crazy. And then in NFTS and then Good Vibes was the Story hit .98 but then they had a 42.6981 O1 sale. That's just crazy bro. It's a big one. It's $116,000 for that. Who's paying that? I don't know. Say OK, but it could be good vibes club or whatever fucking NFT that's not a crypto punk right now, OK, Or maybe like if it's a golden Penguin, whatever, or like a crazy fucking ape.

But nobody's paying 42 ETH either for crazy ape or even those rare Penguin sales are very rare. Like who is paying 42.69 ETH for a rare gold? Good vibes club right here here. It's a big bet. Maybe they just really like the art. It's an art piece. We've if we've learned something last cycle that these will never sell higher like what if you buy the top of the range like that. The mid tier and grail premiums

have have eroded. I'm trying to find who the owner of this is. And it's good vibes club, right? So we go good vibes club. How do you find this is activity? It was a 42 week sale. Keep scrolling, you'll see it. When was it it? Was like it was overnight like 8 to 10 hours ago. Wow, one sold for five ETS here and who? That's crazy. Do you guys think he's ever going to make money on this or was it there it is scare. Maybe it's some whale. I can't imagine this never sells. Siren then no.

I don't know. The person doesn't have much. OK, the person that owns 78 of them. Oh OK, well that that changes the calculus a little bit. Unless they didn't mint them, Like when did they buy them? Oh, they minted them. OK, so I guess that person is up seventy 80s technically, at least if they minted, assuming they minted all 78, they're up like 70. It's like they're they've spent nothing really right. But they didn't sell them either. So. If it drives up the floor like

40%, they're even. Swell games, you know. I welcome this they said type of degeneracy we need for NFT season. Broke the other NFT headline right before the like the live during the show Kaido they revealed I did not see this coming. They're yappy bears. That's amazing. I just saw your tweet about it just now during the show. I figured you were going to talk about it. Oh, the tweets are not showing again. Great. You tweet about it. I sent you the Oh, there it is. There it is.

Chat too, yeah. I mean, so the kind of NFTS are clearly utility play like you're getting AirDrop allocation, you're getting access to tokens. So I don't think people actually care about the art. Like I'm not expecting a a reveal dip. If you're selling your Kaido NFT because you don't like the yappy bar art, I don't think you understand what you're holding. So it's not something to sweat. But I. So what these get you allocation? Is that what's going on?

A lot of the the the protocols who are launching on Kaido are earmarking rewards for NFT. Got it, Got it. Are we going to get yeet for this PFP? Look at this. He even got a duck on his head. Amanda should buy this. This is a yappy Barrow. A yappy Barrow? This is called the Yappy Barrow. The Kaido NMTS revealed to this today. Just happened right? I saw I think yoohoo also. This is breaking. We can make this the name of the space breaking Kaido NFTS. Breaking Kaido NFTS.

Oh, wait, you know what? What a banger. Hold on, hold on. What a banger. All right, I had to. OK, now back to OK, so that's funny. So he said Kaido's going to become huge community at this point. We've started their journey with Kaido Pro, with Merced and Builders in December. We launched this February. So what does the Genesis NFT play? Sorry, I just want to open it like this for people to be able to follow on screen. Let's see more about this

represents the OG the network. Interesting. Every yapper would want to own one. Interesting multiplier everything we do in the ecosystem. Got it. The value of numplicity becomes an error. OK, So yeah, it's basically it's the multiplier to the ecosystem that makes sense. Makes perfect sense. I like. It stays the same. Yeah. I think these are probably a buy to be honest. It makes perfect sense if if you're if the meme coins and all the coin stuff are going towards

like revenue generating plays. No, no, no, no. You could argue that NFTS could go down that route with it as well. And NFTS are great, you know, mechanism to build community. So I like it. I like it. I think I think this is pretty as well. All right, what else? Tyler the. Other piece I missed, I didn't talk about this Stay Loud. So they announced their an initial attention offering. So it's their version of an ICO. They released the details, the tokenomics.

So this loud token is going to come out on Saturday. The pre sale starts at 10:00 AM Eastern. They're going to do 2 phases. So the top 1000 yappers who have talked about LOUD will be able to enter this pre sale for 0.2 Soul. The kicker is at around $155,000 FTV, so pretty attractive. That's 100 X. Entry point there, 45% to pre sale, 45% to LP and then 10% to

community market makers. Then there's going to be a second phase for anyone who has their soul wallet tagged and Kaido. It's going to be first come first serve. And then as I understand it, the token goes live immediately after that first come first serve pre sale sells out SO160K the 10X you need 1.65 million a hundred X is 16,000,000. I think this thing's got a real shot to hit 16,000,000 in the opening. Yeah, this is 100 X. Trading.

So I think there's going to be clear demand you're going to see more yapping about loud on your timelines. That's the easiest way. The other piece we haven't really talked about too much on the show that the interesting model, the twist with this experiment is the top 25 yappers on a weekly basis get to split all the fees on a pro rated

basis. So that they're not giving, they're not giving them tokens, they're giving them a a chunk of all the Meteora fees generated from the trading of the loud token. Is he going to register? Interesting. Yeah, I, I, I wasn't registered, so I didn't make any mistakes. So hopefully I can get on the top 1000 here. I've got a couple days left. The people are already doing their moon math.

Like if it does 100 million in volume, some of these top ten are probably going to see mid 5 to the low 6 figure payouts. I love it's not loud enough. Wow, the big question How? Long will it stay relevant, right? Yeah. And are like, are Yeppers going to be enough? I'm not totally sold on on its longevity, but they can continue to roll out twists, so they've got things they can do. I'm still thinking through how I want to personally play this one.

I think the presale is a smash. There's like, there's no downside. Yeah. Presale. So to participate in the presale, let's take this back. Yeah. You have to be a top Laudio leaderboard, right? For phase one top 1000 and then there's the Phase 2. Is anyone on anyone who's on registered on KAIDO with a sole address? OK, Top 1000 on this. On the Laudio leaderboard. Yeah. So how do you like you guys are not on there? Yeah. Time's tough.

Damn, I'm not on there. I just signed up this morning. Yeah. It's still telling you to register, but I did. Pardon. So we we got some work to do. So we're going to need to post this clip every few hours. Did you? Have to tag stay Laudio or can you just tweet Laudio? Like I did this for just because I thought it was funny earlier but I was you know. Does this count as a Laudio post? That's a good question. I don't know how their algo works. Where's IC obese when we need them?

Yeah, we need the step by step instructions. Wait, bread guys in the audience? Bread guy, does this count? Bread guy is always on top of this shit. They they interviewed Ultra, the founder of This Morning. No, they interviewed me this morning. Wait, you guys are on the same show? You're on this. One I think Ultra was on yesterday. Oh OK, maybe I got my days switched. Damn sorry man, though the attention's on Laodio now. Yeats is still yesterday. It is.

You know, thanks for the thanks for the Kaido board for Yeats. But you know, we're we're Laodio now, you know, mega mafia gang gang Yapi Baro. I love this space. I love it. There's so much closer to going. There's just so much like how can anybody says like this cycle folks or whatever? Like there's always something going on whether you're involved or not. Like, I'm pretty tapped out of some of this stuff, but at least there's a lot of shit all the time, you know what I mean?

There's a lot of opportunities. It feels like every couple weeks, at least once a month, there's like a big opportunity if you want, if you. Want I mean this loud thing is 100 X. Yeah. I like that they're doing like a initial attention offering at like 100K market cap for their top people. This is really good. Wow. OK, so we got to make top 1000 by when? Saturday. Saturday. All right, guys, let's go. I think we can make top 1000 right? Get loud if I can.

I'm going to riot. You're going to see a lot of flood from me on the timeline if I don't. Want can someone let me know though? Like do you have to tag out Laudio or ticker sign or something like what's the what's the what's the detail here? Can Breg guy please let me know? I feel like you're tapped in. If you know, can you like tag me or DM me or something? I'm very curious. Appreciate that. Very curious. But what else? Tyler, I have something for you guys.

I wanted to talk about SBX. I posted this right yesterday. It's not getting nearly enough love and attention on the timeline for how good it looks. Yeah, I. Don't know so I'm not upping my bags, though I did buy a couple project A on NFTS this morning. OK, so it is your bags. As as a beta play it's up like. Damn, it's. Going off the bottom and it looks a lot like the fart coin chart. Holy shit. Murad caught a lot of shit for pivoting to TikTok.

Pivot looks to be working. What's this TikTok is it must stop Murad. Yeah, I think Clement and he's already he's got 4000 followers. He's. Is that a lot? I don't know, I mean he started with 0 like a few weeks back. Damn he look at this is art guys. He is. He is going hard on this. This is this is impressive. What the fuck is that? Bro that is his fuck. Wow, you guys can't hear it, but this is impressive. OK, So what are these aeons at? They're 1/8.

They're up like 2030% in the last couple days. Similar to the token. OK, impressive. It's purely a play. SPX beta. I got the arts. Not really for me, but. Marauding control, guys. I mean, everybody lost that. List like what? What Like what else do we like? I mean, is it really just SPX? I mean, SPX was always finality for for morale. Let's be honest here, like it's always been about SPX. He even said it. Of course all the coins value always accrues back to SPX,

right? The giga guy just got went to prison. Let's chase Coleman guy. Maybe I saw that. Saw that? That's wild. What did he do? I don't know, but he's in prison. Some crime shit, I don't know. It's like just people have committed worst crimes in him and, I don't know, are in prison. Is it Chase Coleman? I'm not sure what his name is. What is it Giga? Oh here, Golden posted about it. Looks like the Giga was admitted to federal prison on May 20th. I don't know what he did, I

forgot. Was he pleaded guilty? His reasons for seeking the delay? He pled guilty to what? Yeah, I'm not sure. I don't know. Anyways, well, he's in prison. That's that. So when you look at the. Yeah. Giga's a little messy there. Yeah. I guess popcat is interesting. Popcat's interesting but soul coins are weak right now. But yeah, like even four coin I was like fucking dump into 120 something MOG because it's on East I guess. I looked hard at the lock in chart today.

That meme just dead. I mean it's. Building that long base. So like I feel like your downside is fairly capped at 9 mil. Are you buying it at 9 mil? I have not, but I looked hard at it today. You got us. You need this to do a little better first. I don't think we get, I think Moon Overlord is right. You don't really get trench season until until it's $200. I actually agree with that take. What do you guys think? I mean, you've played it and the Mando's all all in on all in on

East now, but. I'm not. I'm just not. I'm not exposed to soul. I just don't think you get much of a soul season like meme wise. Where's Ladio on it's? Going to be on soul. OK, so that could be good. I don't know, I was talking with a buddy last night who we, we, we actively trade. Well, we'll, we'll dabble on some micro caps and whatnot. What Seoul hasn't really had since January fallout is any runners for the most part to get past 50 like House.

No daily runners. House Coin and RFC are really the only ones that have broken out past like 50. Like you're getting some like it seems like a lot will go to 4:00 to 5:00. So like every day there's new tokens that go to 4 to 5 million. Classic 50 mil top for Seoul. We're back in that thing, right? Nothing's really going high, so you have to change your strategy like you can't really hold anything because there's no upside. Yeah, this.

We're back to that thing. Remember guys, like we had that thing before when no coins on slow would hit over 50 mil. It was a hard cap and then they start going 100 mil, then there was a hard cap and there was 20 mil. Then you got the Trump stuff. But I feel like this is the movie we've seen play over and over again on on Solana. But anyways, I see Pedro in the studio and I know Tyler, you've got to go. But before you go, I wanted to bring something up but I can't find it.

Is that Steak and Shake video from Bitcoin? Oh I haven't seen this yet so I would like to see it. It was guys I think BTCD may have finally topped. What is this? What is happening here? This was bad. This was definitely bad. Have you seen this Mando? I feel like you've made a meme about this yet. I haven't made it. I was I was thinking, but it already kind of been farmed by the time I turned UPS. This is a great take by by K

Money here. This is like the whiff dance moment on stage for Bitcoin. What is what the hell has happened in Bitcoin conference? You have JD Vance, Loomis, we have the top Kols putting in the work, and then you have this tallow, ladies and gentlemen, tallow, beef tallow. This is what happens if when you when you rub too much beef, tallow all all over yourself. This.

Is definitely beef tallow. So the other day, actually, Speaking of which, as we were packing our stuff, Vanessa showed me the beef tallow cream that she has. That shit stinks, bro. I knew it. Yeah, so she heard the show and she told me, man, there's like I heard you talk with the boys about beef Tyler. You know, I have some beef Tyler cream and there's like vanilla scent in there. And so I, I looked at it.

I mean, clearly it works and she's got really soft skin, but it's not for me. Anyways, so that's about it by Tyler. You go on with your move. We'll, we'll, we'll take it from there. Have a good one, Tyler. I think we'll see you on Monday,

right? Monday. See you Monday. All right, see you Monday, Tyler. All right, well, listen, before we get to the E giveaway stuff and we'll pick someone from the audience that signed up to to e.com using the FOMO hour code we got Pedro, Pedro, my man, you're. How's it going? It's been a while. You're fucking killing it dude. I'm I'm just doing my job. You're doing your job. You fucking, you're doing your job. Damn right I saw that.

By the way, I saw the Reon and the Wallet connect booths at at Solana conference. I liked it. I love it. I was like, that's, that's my partner. Super honestly Solana accelerates was amazing like. Yeah. What did you think? What was your, what was your initial thoughts on that? Because you guys said the booth, I was there with Ledger and you guys said it was Ledger re own while I connect. I was like, fuck yeah, yeah.

And then Jupiter, our friends were also there next door, you know, So we were surrounded by friends for sure. Yeah. What did you make of this Solana conference? I'm going to be honest with you, like it was my favorite conference, like it was my favorite conference and that, that's a lot to say. You know, I, I started in the Etherium community and I was so

drawn to this conference. Like it was such a great moment for us to actually like get serious about Solana because Solana is getting serious and it's, it's a lot of fun as well. You know I forgot how fun crypto can be. So let me ask you this because that was also my take away because Mendel and and and Tyler were asking me my takeaways at Solana conference and I said fun. That was like one of my main words.

I played this game with Ledger was doing videos and I was like 3 words to describe salon and salon community and I asked like 20-30 people this and a lot of people said fun and I felt that at the salon conference is less like nerdy and very deaf centric. It just looked fun. I feel like it was going to a fair it also. Felt hopeful. I think that was the the vibe, right? It's like there's hope for

crypto. It's no longer about this kind of bearish vibe of like things don't work or doesn't scale Now, man, we're going to we got this, we will, we'll get through this. We're going to build the future of finance. I like that this is this is really cool. So anyways, so Speaking of which, I mean, I want to get into this with you because you guys had some announcement on the wallet connect side and WCT with with with Solana.

But first and foremost, Pedro, when you came on the show last time and you guys TG EDI think either day off or day before day after, I forget, you could have told us that this thing was going to fight us. OK, now I don't want to put you in trouble on the show. So this is me saying it. This is me. This is not meant to be. I'm just giving Pedro a little shit here for not giving me the alpha, though he did because he sponsors our show. But. I, I always give the alpha, I

always default to open. I always tell people everything. And there's nothing much to it other than like, why can I just spend so many years building shit for the ecosystem? It's like we're just here trying to change the world to have better user experience, you know? And I think people start to pay attention and they realize that we actually built something meaningful. Yeah, I mean, don't pay attention now with the billion dollar market cap token, that's for sure.

I mean, last time you came, you guys TG like 300, I think it slightly dipped a little bit so under that, but ever since been good. And I just let me add you to space actually. Boom. I also want to say thank you because you know you partnered with us on Marriott and then even Mando yesterday was like what we're getting only 150 grand?

Well, yeah, we did. Yesterday we distributed to the top 20 or something 150,000 Wadi Connect tokens, which at the time was worth 140, and this morning's worth 150 something. So the number one on the Wallet Connect and Myriad Marcus leaderboard got $20,000. So I think that's super cool. Yeah, honestly. Like you know, when we when we do these partnerships, we always try to like have a price point and we wanted to make sure that the token launch was like as

community centric as possible. Like we didn't want to drive ourselves like to previous fundraisers or whatever the VC got or anything. So we made our public sales and every partnership that we did like as attractive as possible. Obviously with how the market has performed, like those partnerships have valued also a lot. So by the end of the myriad markets, whoever participated in the leaderboard, they got very lucky.

Yeah, So this is, this is really cool and and I'm glad that people may do the research and and participate in this. But anyways, we're not really here to talk about the the Myriad activation, but that was great. We're here to talk about other stuff that you guys did at Solana Accelerate. So, so maybe run us through like the announcements that you made at Accelerate and what's with this wallet connect launch on Solana, the airdrops, that's some stuff with Jupiter yesterday as well.

So run us through this news. Honestly, like one thing that we wanted to make it very clear to people is that like Wallet Connect has been compatible with Solana wallets and apps for like the last two years. We definitely haven't put as many attention into the community and like doing events. We did participate in Salon a break point like 2 years ago and then we went to a couple of events in 2024.

But we just decided to like this community, just like craving to get more involved with the Wallet Connect ecosystem and to go beyond just the actual protocol working with all of these apps and wallets. We thought the best way for them to get involved is to actually, you know, own the token. And how can we actually expect the Solana community to go and own a token on an EVM chain? You know, well, look, next token is now on Etherium and Optimism. So we decided to announce a

Solana extra, right? So we're natively minting the token on Solana. This is wow, this is really cool because the first it lived on a theorem, right? Exactly, and now it lives both on Etherium and Optimism and Solana. That's pretty smart. Do you find that scatters the liquidity polls or do you find that, that, that that doesn't? That's just a personal question because I'm always curious about this because I like the idea of having a token on both the theorem and Solana.

I think that it shouldn't be on one or the other. So huge kind of both L2L ones. So like you, what do you, what do you make of this? Like what was the the thought process behind that? When you have these communities, like you can't expect them to like go above and beyond to be involved. Like they want to be involved, but it's better for us to go to them.

However, this doesn't mean that like we now change the whole Wallach network to be like using the consensus layer of the actual Solana blockchain, like the actual node operators are still connected to optimism. That is how they actually find consensus. But that doesn't mean that we cannot have the community involved, you know, for governance and for ownership of the token in other ecosystems.

So yes, there is a little bit of liquidity going into the other ecosystems, but I'm very involved with a lot of projects that are bringing cross chain interoperability. And I expect very soon that you will be able with a Solana wallets to participate in staking in an EVM wallet and then go and transact in a Suey decks. You know like these barriers are being broken every day. Yeah, I know. I love that. I think I think that's super great. Then you did an air drop with Jupiter.

We haven't done this. Actually. We announced that the token is going live on Solana and then the the airdrops or the claim season is going to happen over time. We have a couple of partners. We have Phantom is going to do 1 backpack. So all of these partners will have their own like campaigns. We didn't want to just like make it like one big splashy campaign in one week and everyone goes crazy. Like everyone will get their special moment.

OK, wow, I love that. And So what are some of the use cases right on Solana? Because you just said you know everything about Solana's a good to set the stage that way. So like why Solana and what are some of the use cases of wireless connect on Solana now? Because we know on the theorem we talked about it last show, obviously you guys power like every single wallet transactions, it's pretty wireless. See the number of transactions you're powered and still in power today.

So like why Solana? And then what's the use cases on Seoul? Yeah. And honestly, like since we last spoke this show, like we actually hit 300 million connections now. So looking forward to hit not $1 billion market cap, but actually 1 billion connections. That's that's the actual metric. I'm actually looking for like 1 billion connections in the world Network. That's one I'm definitely going to celebrate very hard. But what why pick Solana? I guess you, you said it very well.

Like it's all about like this idea that someone like, for example, the energy that you got the Solana. So right, they're very focused on building in great user experience on chain, like the amount of builders that we got in touch, like not just the booth, but also like we went also to Scale or Die, which was the event for developers. The same week we had a bunch of like events that we also got in touch with our partners like Soul Flare and Warmthull.

And it's so amazing to see like this focus to really bring users the best experience because this is something that other watchers sometimes forget. You know, sometimes we are so caught up with liquid scalability and interpretability, but we can't forget that like the actual user experience is really important. And the community is really fun because they they really haven't gotten like burned out by the all the mistakes of Bitcoin and Ethereum did.

And they're just really excited to change the world. I love that this is great and and obviously like you have a, you have the community that doesn't make sense that you guys are building on there. So this is super cool and there's a ton of activity right on, on, on on. Solano says it makes absolutely perfect sense. Any alpha for expansion? Any other chains? I mean, we asked you for alpha last time.

You told everyone to pay attention and if you did chat, if you did this, this has got to be the best sponsor we've had on the show. I mean, come on, come on like this, this is crazy. Come on, we work with you for months and this has been a. Cook the best sponsor for the best show. There you go. Hopefully we keep working together, Pedro, you worry to get it better because we love you guys. But any are you guys hiding any other chains for expansion?

Because clearly you're like you clearly believe in the multi chain future and you power that as well at your company. So like are you guys adding up any more chains? Like what's the expansion plan here? I mean, when you look at the actual wallet network, it interoperates with so many chains. Like one thing that we always want to keep in touch is like traction. That's really important.

So if we see a particular chain ecosystem with large traction, that's going to get our attention, like the community, like if we see like the community is very directly involved with like Wallet Connect, not just the upgrades and the boring governance stuff, but like with the activations and the initiatives that we're actually bringing. And I cannot forget the builders, like all of these developers and designers that are really trying to change or

build a better user experience. If it's going to catch our attention, we're definitely going to look forward to do another chain expansion for the Wallet Connect token. I love that this is this is really good and I can't wait to see what you guys got going on next. Pedro, where can we meet you next? Like when, what's the next conferences like? Where you at? Yeah, I mean, I just came back

from Solon XL, right? I'm going to have a nice two week break to kind of just sit down and work here.

So the next one coming out with like the Berlin Blockchain Conference, you know, there's going to be DAP con and Safe con and Protocol Berg. There's going to be a bunch of events in Berlin two weeks from now and then at the end of the months there's going to be Cannes, so the Etherium community is going to be in the South of France catching some sun and hopefully making some news as well. I love that. That's awesome.

Well, hopefully you see you in the South of France, Pedro, and thank you so much for for for being an awesome partner. Thank you for running this this stuff with me. Everybody, if you're listening to this show, you should follow Pedro because if you if you participate on myriad and and and you got oops and you got the and you got the the wallet connect plug here. This is the man, this is the man

his team made it happen. So thank you very much Pedro for working with us and and looking forward to seeing what you guys do next. Thank you guys. And honestly the myriad markets feels awesome. I love that. Dude, I really like it. I'm talking to your team in like 2 minutes, so hopefully we got some more coming up here. Hopefully we're cooking OK All right, man. Let's keep cooking. Let's keep going, guys. Pedro. All right, All right. Well, this is great.

Damn, man, that's crazy, right? Yeah. Still can't get over it. They. Pressed. It honestly master class they built for seven years, 300 million dollars, 300 million transactions like 10s of millions of users and then and then tge right and then $1 billion fucking token holy fuck. All right, so should we pick so so man, how do we want to do this? Like we got to pick someone to win some money here. I'm connected to the. Why don't? You just pick pick somebody in

the top ten of the this. Is that let's just pick someone from the from the top because we already did like, remember last time we did like top? You did the top three, but let's pick some randomly from the top 10. OK, so I don't want to show on my screen. You know, because I just pick #7 #7. OK, so you pick the number and I'll go tell you which number is because I can't show on screen the background because I don't want to dock people's, you know? So where do I go here, man?

Do I go to FOMO hour? I go to rewards or affiliate tab, right? Yeah. OK, one second. And then referred users. OK, it's loading. Cool. One second. So we're going to pick the 7th. And tomorrow we do the same thing with another number because Sims, it's not here. And tomorrow, by the way, it'll be you. Me. No Classic good old GM Web 3. There is a small chance I'm not here tomorrow. I'm maybe got that. OK, wait you. Don't want to know where you going? Where you going to pull in?

Yeah, but for what reason? It's a long story. I'll tell. You is it like I'll tell you later. You should tell me offline. OK, I got it.

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