Greeny says if Bitcoin continues to fall while its dominance rises, altcoins will get nuked. "What people don't understand is if BTC continues lower, alts will get nuked because BTC dominance is going up" "That means that altcoins are losing an edge against Bitcoin. And if Bitcoin goes down, then alts lose even more of a percentage" "That presents better opportunities to buy altcoins because logically speaking, when we next have a rally or a bounce, altcoins are going to outperform from an ROI perspective. But when you really come back to the charts, weekly stochastic has such a long way to come down" "The issue I have with a lot of these altcoins is we front-run the lows. Hyperliquid put in a new all-time high in a bear market and that is absurd"

Craig says future generations will laugh at us for collecting physical gold while they build wealth in digital assets. "I think the younger generation will go digital and I think the older generation will continue to go physical. Digital is going to accelerate much faster than physical will" "Just looking at my son's age, looking at what they do, looking at how they operate, there's no chance digital assets don't continue to thrive. It's all they talk about, it's all they know, they don't know physical" "One day we might look back at gold in 100 years or 1,000 years and it might look pretty prehistoric. And future generations might laugh at us and be like, 'These guys were actually collecting colored rocks'"

Craig says macro worry and inflation are causing investors to rethink where to put their money. Craig: "There's a lot of worry in the market at the moment. Bitcoin, gold and silver kind of dipping, people are wondering where to put their money" "With the dollar being eroded and inflation, I haven't felt this much worry on the timeline in ages" Greeny: "A lot of people are comparing it to the 1970s where people go into hard assets or tangible assets"

Greeny says opportunities on-chain have died off and meme coins are struggling right now. "Volume has died on-chain, opportunities have died on-chain. Even AI meta, meme stock meta, it's all kind of died off. Robinhood meta died off over the weekend". "Cash cat dumping, AI dumping, pawns still struggling. There's not much positivity to report about, but we will talk about this as an opportunity. I'm still bullish, it's just not a good time in markets right now"

Greeny says the reality of current crypto markets is that consistent profits are rare for everyday traders. "On-chain has been pretty horrific, Kimchi is up 2x this after he updated his bio" "We haven't really seen that many good runners. The only people making money right now are devs or call out people on pump fun" "Most other traders are probably not making money consistently, and that’s the key issue"

Se Yong says their goal at fomo is to become the distribution layer for everything on chain. "We want to be a major player in bringing more things on chain, we want to be the distribution layer of all things on chain as fast as tokenized equities and RWAs and other things can grow" "We want to be a big supporter of that and it's growth in the industry, we want to be able to support more and more chains, build a more purpose product that's robust and just honestly listen to the user" "A lot of the shortcomings today relate to social where it feels very light, there's not a lot of interactiveness, there's not even a notification center so you can't tell if people are liking your thesis" "We want to create more viral loops within the application itself because I think it's just a platform where people are gonna have more discovery and generally more accessibility about information"

Se Yong says blockchain transparency can improve accountability in finance and trading by allowing people to verify who is consistently making money. "The problem with financialization, private groups, and similar systems is that you don’t know whether people are actually making money. Are they making informed decisions, getting lucky, or repeating their success over time?" "Blockchain is one of the most transparent systems available. Its verifiable ledger provides accountability and shows that one person may have been successful for 10 years, while another may have performed exceptionally well but only for a shorter period" "It gives people more context about what is happening and allows them to learn from the best, rather than from people who only appear to be experts"

Se Yong says trading has become the new content because people get excited reading trades and theses as they do with reading tweets. "Trading is the new content. Trade is the thing that you actually center around, get information of and get excited by" "It's like you're reading tweets, instead you're reading trades and you're getting a sense of 'this guy made this much money, these are his theses, this guy is very convicted in this coin or this asset class'" "For us it's starting to expand into more mature asset classes upstream, tokenized equities, RWAs"

Se Yong explains why educating first-time traders is essential in crypto. "We have to reeducate and sometimes educate for the first time, because you have this fundamental belief that anybody who comes to trade crypto has traded something else before" "A lot of these people are trading on fomo for the first time ever, they don't understand things like what is an order book or what is price impact or what is slippage" "It's cool to reeducate and educate people there and it's our job to make sure that people understand exactly what's going on, education is a big part of fomo and our ecosystem"

Se Yong explains why the current market is still fighting at the kiddie table. "This pie is still so small that it really doesn't make sense, crypto as an industry is still so nascent, we're such a small asset class, we have such small real world adoption, it's like fighting at the kiddie table" "None of them view each other to really be enemies or rivals or competitors, they're just trying to get their foot under them and trying to grow and graduate" "This market's gonna be hundred, if not thousand times bigger in the next few years and we honestly think there's room for everybody to benefit, the best products win"

Se Yong says building without fake incentives or shortcuts from the bottom of a bear market is the true test of product-market fit. “We believed that building a great product would make assets more accessible, help people discover new opportunities, and create a platform positioned to benefit when market conditions improved" "I think one of the things that people don't realize is we built from the bottom of the bear, we launched in May of 2025. This was arguably one of the worst on-chain markets of all time" "A lot of companies would have pivoted, we had this fundamental belief that all things are coming on chain and we can invent a new class and reinvent what social-fi look like, so we've just been cracking at it" “You’re rewarded for doing the right things, avoiding shortcuts, and understanding the purpose behind every decision. We’ve never run an incentive program or tried to create false narratives. We just focus on the product and distribution"

Se Yong claims that AI-driven content is killing traditional fame and shifting the next big social graph toward risk and reward. "As AI begins to commoditize more and more content and things get easier to produce, you're gonna have moments to go viral quite easily. I think that makes it a lot less desirable and fame itself through media becomes a little bit more commoditized" "So where do you start looking? It's things that cannot be commoditized in dollars and risk, and those are canonical languages no matter where you are in the country or where you are in the world" "So we think the next biggest social graph is gonna be centered around risk, reward, and being right over time"

Se Yong explains why building entirely in a bear market is the true test for finding real product-market fit. "People like to overestimate the big things they're going to do in a small timeframe, but they don't think about the small things they'll do over a long time frame" "And for us we want to solve a problem, started just on Solana, it was just on-chain trading assets on one chain. We expanded quickly to what's now seven chains, we added perps, we have a bunch of social features that we've iterated on" "I think it's an iterative game where you want to find a market, you want to tackle it, and you really want to make sure you find real PMF, not fake PMF with incentives" "We've just built mostly in a bear market, we feel confident that we found some semblance of product market fit and we can build off of that"

Se Yong reveals how a trip sparked the idea to make on-chain trading and education accessible to everyone. "About two years ago, we spent nearly a year exploring different ideas and trying to find the right opportunity. I took a birthday trip out with Paul, one of my co-founders. We just talked about the problems that need to be solved, how do we build something that people can feel, can derive joy from, and we can share with our friends and family" "We thought we need to make on-chain trading more accessible, but also accessible in terms of not just using the products, but also understanding the markets, what's going on, what are the top people doing, what are they talking about, and things in between" "We're coming up on the two-year mark around December from incorporation, and it's been a great journey"

Se Yong explains why giving employees full autonomy completely contrasts with investment banking. "You need to make sure you treat the people right, you need to hire people with high integrity, give them a lot of ownership" "That was something that was very foreign for me coming from a traditional investment banking firm where you're told to change the colors on a PowerPoint or the sizes at 3:00 AM, and it was just a lot of meaningless work" "I think at dYdX a lot of the things we learned were everybody has a lot of autonomy, a lot of ownership. The more you give people, the more you'd be surprised at how well they can do these things. It was a really good learning lesson on how to treat people correctly"

Se Yong reveals how he transitioned from traditional banking to leading a core product team at a major decentralized exchange. "I spent about three years at a perps DEX called dYdX. Did two years of business development there, understood how to become an operator, especially as we had to deal with a lot of institutional counterparts" "Spent a year on the product side where I was leading the core trading product team, really understanding the ins and outs of front end, the back end, all the things in between" "Prior to that I spent two years working at Deutsche Bank on the fixed income side"

Se Yong reveals the hard lessons learned from watching a $30 billion company capture 95% of the market, only to fumble its massive lead. "It was one of the fastest growing companies maybe crypto's ever seen, a 30 billion dollar market cap relatively quickly, penetrated 95% of market share". "It really taught us how to keep a lead, and ironically at the end, that was also the lesson that we learned of how to fumble the lead" "A lot of lessons came from just understanding how the company was built, the culture internally, how we present ourselves externally, the do's and don'ts" "Most of the lessons come around culture, but I think a lot of the lessons that we hope to learn from come from the shortcomings as well. That's a great part about being at a business that's seen the ups and downs as opposed to one or the other"

Mark Cuban says going door-to-door selling garbage bags as a kid paved the way for his billionaire empire. "When I was nine or ten years old, I would go to the local pharmacy and they would sell packs of baseball cards and I would buy a bunch of them with my allowance and then I would repackage them using like the comics and everything from the paper" "One day my dad was playing poker with his buddies, they'd rotate to each other's houses and they were at our house and I went in there to grab a donut and I was like, 'Dad, I want a new pair of basketball shoes'" "And he looks at my feet and he goes, 'Those shoes work, when you have a job you can buy whatever you want'. And like that, I'm 12" "And one of his buddies who had to have been drunk was like, 'Hey, I got something you can sell, I've got boxes of garbage bags that I'll sell you for $3 and you can sell them for $6'" "I went door-to-door in the neighborhood and I'd be like, 'Hi, I'm your neighbor Mark. Do you use garbage bags?' Easy sell, right?" "And that probably catapulted me more than anything cuz if you can go to door-to-door and sell, you can do anything"