FOMO HOUR: A Daily Crypto & Web3 News Show

Latest Episodes:

Is X for the birds? Jul 25, 2023

Show notes

Interest rates sold off a little bit going into the FOMC this week. Stocks remain strong but Crypto seems to be continuing to weaken. Bitcoin dominance dropped off slightly. Tonight we have Microsoft and google earnings reports coming in. Tomorrow we will have some more interesting information but the actual FOMC meeting won't conclude until after the show. Mando expects some volatility despite the current disconnect between trad markets and crypto.

Do you think we saw a local bottom in these price ranges?

NFTs

It's been an ugly 7 days in NFTs, most things are all in the red. Bored Apes are heading towards 30 ETH, it looks like Machi hit a dump wall. Rektguy saw a move higher, with the Chad founders buying back some of the collection in a recent sweep.

Opensea has been on their deactivation arc again, people are loosing access from their accounts with no direct explanation at all. It might be everyones favorite marketplace but is certainly not decentralized and there will always be regulations and motives coming from certain interests there.

The "Made by Ape" initiative is surfacing and being received very well.

"This is the most bullish case for The Bored Ape Yacht Club" - @farokh

Enabling people and giving people the tools to create business around the IP of their apes is very powerful. Luca Netz, who is considered an IP king in the space, is on record saying any ape under 100k is a steal as entrepreneur. Also, big hype around Apefest in Hong Kong, set to be in November.

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Market Updates Jul 19, 2023

Show notes

It continues to be a very strong backdrop for the US stock market. Equities are up slightly AGAIN today, and we must be very near the ATH's for both the Nasdaq and the S&P. Tesla earnings are coming in today which tends to be a signal for other stocks like tech & meme categories.

Crypto is still lagging, Bitcoin is back up above 30k, but due to being outperformed by alts, Bitcoin dominance has weakened. News came out yesterday that the US sold half of its Bitcoin from the Silk Road. The price seems to be teetering between the latest headline and the expected run up. Our hosts Both believe BTC is ready to rip but it's unknown when it will actually start to move.

Analytics have pointed to the amount of short holders that were in profit after this rally and there is still some overhang there. The same massive miners selling off are also a part of the ongoing conspiracies around the stagnate coins.

Futureverse, a metaverse startup, raised 54M from 10T Holdings, Ripple Labs. It's been some time since we've heard of any metaverse raising any significant amount. This is all a part of Fluffworld and their crazy rabbits.

NFTs

We've seen a couple more Hoodie punks trade, causing the most noise in volumes.

Azuki has been looking really rough lately, there was a massive holder who dumped 50 Azuki's into bids yesterday, not helping the floor one bit.

Doodles shared details on their CAMP efforts, and are opening a huge activation in San Francisco.

@Ed_Balloon has an upcoming drop on @ProhibitionArt with a chance to win some vinyl for music enjoyooors. Check official sources for info on the legend.

Reign of Titans

We were joined by Adz from Reign of Titans, the first NFT initiative from Anheuser-Busch! It is a game using collectible assets and is the first sight of a Fortune 500 company getting involved in web3.

The game has different modes, including a PVP mode. The collection is intentionally minted on Solana because of the value they found in the SOL community.

It's incredible that a massive publicly traded company with millions and millions of customers is focusing on a small community of 5 thousand. This is a testament to the validity and importance of brand to consumer relationships and how powerful that bond can become inside of web3!

GM!

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Ft. The Sandbox Jul 18, 2023

Show notes

Not really a ton to add for traditional markets; interest rates are unchanged and haven't rallied either way. Crypto is looking weak with ETH slipping below $1,900 but has recovered above since. Bitcoin dominance continues, but crypto as a whole continues to underperform compared to stocks.

There are allegations that Binance is laying people off and making changes because they are in dire need of cash. Their reserves have been revealed, but isn't a clear depiction of their total assets vs debt. It is agreed that binance has adequate crypto to back their accounts but there is question as to whether they have the necessary fiat.

It appears that Adam Cochran said the network fund is a part of a conspiracy involving Justin Sun. The problem with the conspiracies is that CZ doesn't need a made up coin or to create money from some shifty route. The need for fiat is the only sensible route and the notion of insolvency is high brow informed FUD for the most part. 4.

Be weary of the sheep in the space piling into the latest fud narrative. Most people are not doing their due diligence and tend to base their opinions on their favorite threadooor or the biggest space spouting what they claim as truth.

NFTs

Opepen is the main story right now after the epic swap involving @notthreadguy. Major brands have swapped their pfps to opepens and they have now flipped checks for the time-being, with a floor price around 0.8 ETH.

Ether has been recovering again with a 30% rise over the past couple days. The post reveal numbers were not great but recovery is here.

The Azuki ecosystem has been in the red and is not looking healthy following everything that has happened this past month.

Christie's and Gucci are launching something at the Art and Tech Summit in NY. A mix of fashion and generative art in a collection, including one of everyone's favorite Lost Robbies. The curated collection has received some mainstream attention.

The Sandbox

The Sandbox is working on creating a sort of dive bar to experience before and after digital shows. Were joined by some major artists like @agoriamusic and @blond_ish who shared about her recent set. There is going to be a music district inside of @TheSandboxGame, which only makes sense as it's one of the top viewing experiences for digital concerts. With their insane roster and connections, the potential for collaboration is next level.

There are no limits inside of the sandbox, and we caught word that there is even a magical church being built!?

They are also doing a raffle for land sale inside of Sandbox with the event 'Infinite Pulse'. They will be starting with a music experience and moving into movies and different aspects of entertainment culture, down to specific regions.

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What happened this week? Jul 17, 2023

Show notes

We had an incredible close to stocks last week and, believe it or not, equities are up again today approaching ATH's. The next big catalyst will be the FOMC on the 25th and 26th of July.

Crypto for whatever reason just doesn't want to break through. Bitcoin is back under 31k and ETH is back below 2k. Bitcoin dominance remains and, despite its price drop, alts weren't demolished this round.

Mando is super bullish on Macro here, he thinks we will see a massive rally into things like growth stocks. Inflation could head towards 1-2% at this point and coupled with higher interest rates we could get the soft landing that many dream of. A growth narrative back in the US could lead to a painful rally that nobody is prepared for.

We have as good a chance as any to make some big 10x-20x moves, the big risk gets the big bag. Position yourself accordingly.

Binance is under more scrutiny for letting go of employees, and being added to high risk lists in certain areas of the world. The fear is high but the information we have on their assets is solid and nothing compared to what we might have seen if we had the same information from FTX. CZ has explicitly said that he has never borrowed against BNB, which offers some slight comfort.

It definitely feels like there is something unknown to the public surrounding Binance and the current Bitcoin levels. It currently costs you 3-400% a year to short BNB, which alludes to big money being in the know.

NFTS

Lowest volume day of the year in NFTS with under 7k eth. Crypto punks were the only thing making moves with PunksOTC bought a block of punks from Beanie; from that block we saw a zombie and some hoodies trade for proper prices.

A gold Pudgy penguin was purchased by Rollbit for 69 ETH marking a high, likely due to a loot box.

The @notthreadguy

open edition by @jackbutcher

has raised over 30 ETH and received tons of attention. It got so big that @beeple

put the event in his everyday, which is massively epic.

Coolcats announced they are teaming up with Animoca to launch their game causing the floor to pump up a bit to .8 ETH.

Apefest is set to be in Hong Kong which is epic and huge win, and the stage agrees Apefest should be in a different part of the world each time.

STUBS

We had @MattScobel

on as this week's STUBS artist! Matt has not only made tons of his own art, but he also helped market and produce Cath Simard. His recent technique uses Lidar scans and renders to create mind blowing pieces.

"I was learning Blender at the time, and I was also working for a Space Company" - Scobel the Chad describing his space piece

Scobel has pieces collected by major players like 6529, GuyNorcal and Deeze, and you can collect one of his pieces by burning some stubs, don't miss out!

GM!

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Are we Back?? Jul 14, 2023

Show notes

Today's show we celebrated the wins from yesterday across the crypto world. We also dove into the stubs artist of the week cat and talked about some of his older work along with the current piece minted for the stubs collection.

We were then joined by Rise and Shine who are making a DeFi related game that has two versions aimed at educating the masses about the complexities of DeFi.

GM!

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Wen God Candles? Jul 13, 2023

Show notes

We saw a really good inflation number yesterday leading to a continued rally in traditional markets. We are up quite a bit, pushing yet another YTD high; The last time the S&P was at this level, ETH was above 4k, nearing it’s all time highs

Inflation is coming down faster than expected indicating a huge bullish narrative for markets in general.

The news of the Bitcoin ETF would have normally pushed the price of BTC to the moon, but was stifled by movement of the Silk Road Bitcoin. Mando speculates that there could be a very large seller forcing downward pressure at 31k, but not necessarily a case of skewed manipulation. Although all the news is bullish from the outside looking in, there may be some information known to insiders that could be negative for the short term and cause some of the sell-off we are seeing.

Everyone is expecting a God candle, but the thing is the god candles never come when you are expecting them. It will likely be at that unknown moment, when people are distracted by some other news.

Matic was originally a side chain, then they decided they wanted to attack Ethereum scaling from many different angles, hence the Polygon name. Recent news means they officially have a ZK EVM now along with some other approaches like an optimism rollup and more. The token itself was previously heavily used for bringing people onboard for various reasons, which meant that there was constant sell pressure from people who received these coins.

Former Celsius CEO Mashinsky has been arrested and is being sued by the FTC, SEC, DOJ and more. He was wandering loose after this whole debacle and has finally been brought to justice.

Crypto punks are holding strong, Apes down in the 30's still, Azuki has been dropping. How do you feel about the ETHER mint? drop some comments.

XRP just reached a new milestone in it's journey to not being a security: a judgement was passed but we were informed that there will be a continuation of the trial on the case.

While writing these we did in fact see some decent candles. XRP easily saw a god candle with a 30% move, BTC hit above 31k before being forced back down while ETH is also on the move.

GM!

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STUBS! Markets & Winechain? Jul 12, 2023

Show notes

Today the show was joined by Cat Russel, this weeks stubs artist. Who shared about his inspiration and details behind his piece being offered to STUBS participants.

Winechain also came on and shared their product and dropped some insight into their journey.

GM!

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The Latest News & Vibes Jul 11, 2023

Show notes

ChatGPT

2 / 2

Welcome to this episode of our podcast, where we'll be diving into some interesting developments in the financial markets and crypto space. Today, we'll cover topics ranging from equities and interest rates to the state of Binance US and the intriguing speculation surrounding a massive Miner. We'll also touch upon Arkham, an initiative that has garnered attention and mixed reactions.

Let's start with equities, which are currently experiencing a period of uncertainty. They are described as "basically uncharges," implying that they lack a clear direction. Meanwhile, interest rates have had a rally, likely impacting market dynamics.

Raoul Pal, a prominent figure in the finance industry, recently posted about short interest in treasury bonds. This comes just as the Consumer Price Index (CPI) number is approaching, which adds to the anticipation and speculation among investors. The Federal Open Market Committee (FOMC) and their concerns are also contributing to a crowded short position, further complicating the market outlook.

Shifting gears to the world of cryptocurrency, Binance US has been the subject of scrutiny due to discrepancies in market prices and concerns about the availability of coin inventory. Users have reported difficulties moving USD in or out of the platform, leading to speculation that the entire platform may be winding down.

Another intriguing topic is the speculation surrounding a massive Miner. This individual or group is believed to be responsible for preventing Bitcoin (BTC) from breaking past the $31,000 mark. The motives behind such actions remain unknown, sparking curiosity and discussions within the crypto community.

Lastly, we delve into Arkham, a project that aims to identify anonymous accounts and increase transparency through incentivized information sharing. Some view Arkham as a Fed-backed initiative, akin to a "big brother" overseeing and doxxing individuals. Memes and tweets surrounding this project have circulated widely, often injecting humor into the conversation. However, the actual product has left many people feeling uneasy, as it highlights the fact that everything one does is recorded on the blockchain, reinforcing the idea that true anonymity may be elusive.

These recent developments showcase the complex and ever-evolving nature of the financial markets and the crypto space. As always, it's crucial to stay informed and consider the implications of these trends on your investment strategies. Remember, even in the world of decentralized finance, privacy might not be as guaranteed as it seems.

GM!

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Interview with Neal Gorevic, CMO of Consensys! Jul 11, 2023

Show notes

Welcome to this episode of our podcast. In today's market update, we start with equities, which closed low on Friday due to payroll numbers falling below expectations. As we begin the new week, the markets are opening unchanged, with both the S&P and Nasdaq showing a slight decline.

Shifting our focus to the cryptocurrency market, Bitcoin dominance has risen back to around 51%, resulting in some pain for altcoins. Amidst the chaos, Solana has managed to maintain a decent base.

In recent news, @VitalikButerin, a prominent figure in the crypto space, has been making appearances and was recently featured on a Space with the Taproot Wizards. Surprisingly, he is not a hardcore maximalist when it comes to Ethereum, as he actually came from the world of Bitcoin.

Moving on to the NFT market, Bored Apes experienced a dip but have since rebounded, with prices for certain pieces reaching up to 35 ETH. Notably, a hoodie Punk was traded for an impressive $400k. Additionally, there has been a reduction in Blur Farmers, and healthy sales have been observed in items like Fidenzas.

We are joined by Neal Gorevic the Chief Marketing Officer at Consensys, an organization that predates the formation of the first Ethereum block. Consensys sees itself as an end-to-end shop for builders and developers worldwide. Neal previously held the position of Global Head of Consumer Marketing at Spotify before joining Consensys.

Consensys recently conducted a global usage survey, revealing that emerging markets are more receptive to cryptocurrencies and related technologies than Western markets. There is a palpable excitement about crypto and its potential.

In the discussion segment, we delve into the concept of creating a more optimistic internet. While the internet has seen fantastic innovations in communication, the rise of advertising has led to the invasion of our personal information. Neal envisions a future where communities can self-form and build from the inside out, bringing about a new type of internet.

When communities form, culture becomes a natural byproduct. It is crucial for the crypto space to actively promote and nurture these cultural aspects. Consensys' shift in control aims to empower builders and provide them with a sense of agency, ultimately driving the space forward. They offer a comprehensive suite of tools to support this mission.

That concludes our podcast episode for today. Thank you for tuning in, and we'll be back with more insights and updates next time.

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The Friday Special Jul 07, 2023

Show notes

Today was a gas! the friday special with the market report as usual, an appearance from Mika, and farokh with all the vibes.

GM!

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