The NGMI Podcast

Big Trout is one of the sharpest small follower count traders to appear on X (formerly known as Twitter) in the last few 12 months. He has an incredibly in-depth technical and macro knowledge of markets that he turns into actionable trades, funny tweets, and incredible trading content here on YouTube. In this episode, Trout and I conduct an in-depth technical overview of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Hyperliquid (HYPE) in terms of short-term price action and longer-term macro outlook for each asset.Trout and I also discuss what really happened on October 10, the damage that Donald Trump has caused crypto as an industry, the looming legal and technical threats to Solana, why Ethereum actually looks better than ever as a long-term investment, how he interprets at the AI boom in equities, the SpaceX IPO & why the four-year cycle still holds, and much, much more.

Ran Yi is the co-founder of Orderly — an omnichain liquidity layer for decentralized exchanges — and also co-founder of the WOO Network, while Ben Yorke is the head of ecosystem at WOO — an ecosystem of crypto trading products and apps. Together on this episode of The NGMI Podcast, Ben and Ran break down the current and future states of on-chain crypto trading activity, they explain how crypto technology is already infiltrating and consuming the world of traditional finance, why Decentralized Finance (DeFi) will play a role in revolutionizing financial behaviour, and offer a series of insights into memecoins, the Solana launchpad wars, why crypto and AI haven't found product-market-fit yet and much, much more. Ran and Ben also shared some upcoming information on future product launches for both Orderly and WOO that you'll want to hear about sooner rather than later. This was a fantastic episode. I always savour the episodes where I get to learn things and ask the "stupid" questions to people in the industry who really know what they're doing, and Ben & Ran know their stuff inside out. It was a pleasure hosting them on The NGMI Podcast, and I look forward to having them on the show again. ------------------------------------------------------------------------------------------------------------------ LINKS Ran Yi: https://x.com/ranyi1115 Ben Yorke: https://x.com/BenYorke WOO: https://woo.org/ Orderly: https://orderly.network/ Tom Mitchelhill: https://x.com/thecryptojourno NGMI: https://x.com/ngmi_xyz NGMI Newsletter: https://ngminewsletter.substack.com/ ------------------------------------------------------------------------------------------------------------------ TIMESTAMPS 0:00 - Intro 01:07 - WOO Long-Term Vision 03:25 - WOO Ecosystem 06:12 - Ran Yi: Founding Orderly & WOO 14:10 - Omnichain & The Danger of Wrapped Assets 17:28 - RWA Tokenization 20:35 - Faster Settlements? 23:09 - Biggest Changes In Crypto Today 30:35 - Crypto & AI 32:30 - DEX Launchpads? 36:40 - AI & Crypto: When PMF? 37:29 - Memecoins & New Metas 40:00 - The Agency of Memecoins 46:20 - What Does Crypto Need To Solve? 49:10 - Most Bullish On vs Most Bearish On

Ben Simpson is the founder and director of Australia’s fastest-growing crypto research and education platform, Collective Shift. In this episode, Ben explains how he went from running a business in the red for several years to cracking $1 million in monthly revenue, why he wanted to help people learn more about crypto in the early days, the importance of aligning incentives in financial education, the most important lessons for beginners in the crypto market, why he doesn’t own any Ripple (XRP) or Cardano (ADA), the psychology of taking profits and cutting losses, how to value speculative crypto projects and a whole lot more. We also went into detail on how we expect Ethereum and other altcoins to perform in the coming months, why Bitcoin is set to grow continually over the next decade, our thoughts on the Solana ecosystem, speculative plays further along the risk curve, and the wider landscape of crypto in Australia and abroad. Ben is a crypto industry veteran with 8+ years of experience navigating markets and helping others get their foot in the door of crypto in a sensible way. He’s also an all-round great bloke who can speak his mind clearly on markets and gets right to the centre of what matters when investing, scaling a business in a hyper-volatile industry, and navigating the crypto ecosystem. SOCIALS Ben Simpson: https://www.linkedin.com/in/bensimpsonau/ Collective Shift: https://collectiveshift.io/ Tom Mitchelhill - https://x.com/thecryptojourno NGMI: https://x.com/ngmi_xyz NGMI Newsletter: https://ngminewsletter.substack.com/ TIMESTAMPS 0:00 - The First $1M Month at Collective Shift 03:10 - Why Ben Started Collective Shift 06:30 - Aligning Incentives 08:30 - The Most Important Lessons For Crypto Beginners 13:00 - Ripple (XRP) Analysis 20:00 - Polkadot’s (DOT) Marketing Failures 21:00 - The Problem With Cardano (ADA) 22:20 - The Best Crypto Investments Are Potential 26:00 - Will Crypto Revolutionize Payments? 29:00 - Solana: The Non-Consensus Trade 31:30 - Trading Psychology 40:00 - The Biology of Loss Aversion 43:32 - Farmer With $8M in SPX6900 46:00 - Crypto Exchanges In Australia 48:00 - False Promises In Crypto Education 49:58 - Why Bitcoin Could Grow Larger Than Gold 54:48 - Australian Property Market Ponzi 57:43 - AI & Future Employment 1:01:35 - International Meme Fund 1:05:30 - Most Bullish vs Most Bearish

Dark Forest is a former analyst at crypto venture capital firm Tangent Ventures who now manages his own capital as a solo prop trader. In this episode Dark and I discussed why macroeconomics exists solely as a field for employing macroeconomists, how to identify the next altcoins that you can hold for a long time, the new meta of traditional financial firms like Robinhood entering into the crypto space, the hidden alt season in equities, AI agents and the potential areas of confluence between artificial intelligence and crypto, Hyperliquid’s outsized success, the pumpdotfun airdrop and (delayed) token distribution, what’s in store for memecoins heading into 2026, why Coinbase and Base are a confused crypto product offering, MegaETH, robotics and more. Dark Forest is among the most logical and well-reasoned traders in crypto, who has an incredible backlog of major successes in the crypto industry, both as a private investor and analyst at leading VC firms. It’s always a distinct pleasure to have him on the show, and Dark stands out as one of the best sources of insights to show up on the NGMI Podcast. SOCIALS Dark Forest: https://x.com/DarkForestCap Tom Mitchelhill - https://x.com/thecryptojourno NGMI: https://x.com/ngmi_xyz NGMI Newsletter: https://ngminewsletter.substack.com/

Matt Walrath, the founder and Director of Crypto Tax Made Easy (a specialist accounting firm for crypto assets) breaks down all of the need-to-know information for filing your crypto taxes this financial year. In this episode, Matt shared the most important crypto tax information he wishes everyone knew, the tax implications of airdrops, how Hyperliuqid structured their airdrop to benefit holders, which crypto tax software you should use, why pre-sales are a good method for lowering tax basis, and a whole lot more. Matt and I also discussed how he first started Crypto Tax Made Easy and grew it from a one-man operation to a team of 12, breaking down his key learnings and highest leverage decisions during the growth stage of his firm.

Pav Hundal, the lead market analyst at Swyftx, breaks down all the factors that could lead to a massive rally in the price of Bitcoin, altcoins, and memecoins in the coming months. In this episode, Pav shares a long list of macro insights that point toward increased global liquidity in the coming months, which could be a boon for crypto assets. Pav and I also spoke about why a roster of new ETFs could be a huge catalyst for altcoins, why a select few memecoins will probably perform extremely well, why crypto games suck so much, whether we'll see a real "alt season" anytime soon and much more.

Kain Warwick, the founder of Infinex & Synthetix, and Illia Polosukhin, the founder of NEAR Protocol, explain a new partnership that will see Infinex add support for Bitcoin, XRP, and Dogecoin on the Infinex platform and discuss the profound impact that AI & crypto will have on the world within the next 6 months. Kain and Illia discuss how NEAR 'intents' change the game for permissionlessly listing assets on decentralized exchanges, what the future of AI and it's integration into the normal world really looks like, why you only have 6 months to earn all the money you can before AI makes everyone irrelevant, what the best crypto AI projects are, and much more.