FOMO HOUR is your daily Crypto, Web3 and Blockchain podcast.
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FOMO HOUR is your daily Crypto, Web3 and Blockchain podcast.
Decrypt is a next-generation media company capturing the most compelling narratives in emerging technology. All Decrypt Media News and Content is Powered by myriad.markets
Copyright: © Copyright 2022 Rug Radio
Crypto majors continue to grind higher; BTC +1% at $70.6k; ETH +2% at $2,070; SOL +2% at $87. RIVER (+18%), SKY (+8%) and HYPE (+8%) led top movers. Oil rebounded to $90+ as 3 more ships were struck. The HYPE/BTC ratio hit a new ATH after HYPE surged 8% to $37.60 overnight. Ripple began a $750M share buyback at a ~$50B valuation, signaling confidence ahead of a rumored IPO. Kraken announced Kraken CLI as its new interface for AI agents to access crypto markets natively. FDIC Chairman Travis Hill confirmed that stablecoin users won’t receive FDIC deposit insurance or pass-through coverage under the GENIUS Act. The American Bankers Association took aim at stablecoins at the same Washington Summit, citing yield competition and deposit flight risks for traditional banks under the GENIUS Act. The DOJ is reportedly investigating Iran’s alleged use of Binance to route $1B+ to sanctioned groups, while Binance simultaneously sued the Wall Street Journal for defamation over its earlier reporting on the probe. Northwestern Mutual found that 73% of Americans invested in prediction markets and crypto say they’re financially behind, with 80% of Gen Z citing these as faster paths to wealth than traditional investing. Revolut secured a UK banking license opening the door to expanded crypto and financial services for its 50M+ European users.
Crypto majors retraced ahead of CPI this morning; BTC -1% at $69.6k; ETH -1% at $2,030; SOL -2% at $85. ICP (+10%), FET (+9%) and Pi (+5%) led top movers. Oil briefly fell sub-$80 before reclaiming $85 as news of Iran leaving mines in the Straight of Hormuz spooked the market. Circle stock (CRCL) surged and Bernstein sees another 60% upside, setting a $190 price target. Bitwise CIO Matt Hougan outlined how Bitcoin reaches $1M, arguing the global store-of-value market could hit $121T in 10 years. The SEC and CFTC are collaborating on a joint oversight framework under “Project Crypto,” aiming to end jurisdictional confusion and cut duplicate compliance requirements for crypto firms. China’s Supreme Court issued a warning against using crypto for crime, signaling tighter enforcement. South Korean exchange Bithumb faces a proposed 6-month partial suspension from the FIU for AML and KYC violations. Netflix banned Bitcoin sponsor logos from boxer Justin Cardona’s trunks one week before his Jake Paul undercard fight, citing a policy against “speculative financial products” while allowing gambling platforms Polymarket and DraftKings. Prosecutors requested an October 2026 retrial date for Tornado Cash developer Roman Storm on two deadlocked charges of money laundering and sanctions evasion.
Crypto majors are rallying as Oil falls 30%; BTC +5% at $70.6k; ETH +4% at $2,060; SOL +4% at $87. DEXE (+18%), TAO (+8%) and CHZ (+5%) led top movers. Oil fell to $85 on Monday after peaking over $115 on Sunday night, down 30%. Arthur Hayes published his “$HYPE Man” thesis Monday, calling Hyperliquid the “highest quality project in all of crypto” and setting an August price target of $150 (~5x from ~$30). Polymarket’s U.S. recession odds climbed to 41% Monday amid rising geopolitical risk and macro headwinds (now back to 29%). Block CEO Jack Dorsey said Block will support stablecoins despite his objections because “our customers want to use them”.
Crypto majors are rallying as Oil falls 30%; BTC +5% at $70.6k; ETH +4% at $2,060; SOL +4% at $87. DEXE (+18%), TAO (+8%) and CHZ (+5%) led top movers. Oil fell to $85 on Monday after peaking over $115 on Sunday night, down 30%. Arthur Hayes published his “$HYPE Man” thesis Monday, calling Hyperliquid the “highest quality project in all of crypto” and setting an August price target of $150 (~5x from ~$30). Polymarket’s U.S. recession odds climbed to 41% Monday amid rising geopolitical risk and macro headwinds (now back to 29%). Block CEO Jack Dorsey said Block will support stablecoins despite his objections because “our customers want to use them”.
Crypto majors are rebounding as Oil cools off; BTC even at $67.5k; ETH +1% at $1,990; SOL -1% at $83. DEXE (+18%), TAO (+8%) and CHZ (+5%) led top movers. Oil is trading at $101 on Hyperliquid after hitting $115+ overnight. Crypto majors rebound overnight as Oil drops from $115 to $100; BTC at $67.5k. Polymarket and Kalshi reportedly raise at $20B valuations. Florida aims to sign new stablecoin bill into law. Circle and Stripe are both investing heavily in stablecoin infrastructure for AI. Kast raises $80M to expand its stablecoin-powered neobank across borders.
Crypto majors are red as oil soars to $85; BTC -3% at $70.2k; ETH -4% at $2,050; SOL -5% at $87. K (+22%), OKB (+21%) and Kite (+10%) led top movers. The FDIC, FRB and OCC issued joint guidance stating that tokenized securities should receive the same treatment as non-tokenized. OKB surged 38%+ following the ICE investment news, extending its 2025 run that was ignited by OKX’s $7.6B token burn in August. Cardano went live for payments at Spar grocery stores in Switzerland, adding ADA to the list of crypto assets accepted at physical retail. Ripple CEO Brad Garlinghouse backed Trump and the CLARITY Act, signaling continued industry alignment behind the crypto market structure bill moving through Congress. ZeroHash applied for an OCC national trust bank charter, seeking federal authorization for stablecoin issuance, custody, and settlement. Revolut filed for a US national bank charter, seeking full-service banking for American customers with checking and savings accounts. John Daghita was arrested for allegedly stealing $46M in crypto from the US Marshals Service, identified first by ZachXBT. BlockFills’ Bitcoin was frozen by a judge amid a dispute with Dominion Capital, marking another legal entanglement for the institutional crypto trading firm. Situational Awareness LP, the $5.5B hedge fund run by ex-OpenAI researcher Leopold Aschenbrenner, revealed ~$1B in Bitcoin miner positions (turned AI power infra plays) in its Q4 2025 13F, with holdings in Core Scientific, IREN, Riot Platforms, Cipher Mining, and Bitdeer.
Crypto majors are very green again up 2-4%; BTC +3% at $73k; ETH +4% at $2,130; SOL +2% at $91.60. Pi (+14%), H (+12%) and Kite (+10%) led top movers. Bitcoin market conditions are drawing comparisons to the FTX bottom, with analysts at FalconX pointing to a 19% rebound from the $60K support level and peak capitulation in social sentiment as signs a floor may be forming. Kraken's banking arm became the first crypto firm to secure a Federal Reserve master account, gaining direct access to Fedwire and the same payment rails used by traditional banks. White House crypto advisor Patrick Witt publicly pushed back on JPMorgan CEO Jamie Dimon’s call to regulate stablecoin issuers like banks. a16z crypto is targeting a $2B raise for its fifth fund, bringing crypto fundraises announced in 2026 to $4B+. Cathie Wood’s Ark Invest bought $4M in Coinbase and $12M in Robinhood on Tuesday’s dip driven by Iran war uncertainty (both rebounded sharply Wednesday, COIN +13%, HOOD +9% from open).
Crypto majors are big green after huge overnight gains; BTC +4% at $71k; ETH +3% at $2,050; SOL +5% at $89.60; HYPE +1% at $32.60. KITE (+21%), SPX (+11%) and Aero (+11%) led top movers. Trump posted on Truth Social that banks are “threatening and undermining” the GENIUS Act and holding the CLARITY Act “hostage”. Iranian crypto exchanges logged $10.3M in outflows between February 28 and March 2 following the US-Israeli airstrikes. Saylor’s STRC closed above $100 with 1.82M shares sold, raising enough capital for Saylor to buy 1,016 Bitcoin (a new daily record). Vitalik shared thoughts on Ethereum’s place in the world and what good is has caused, promising to focus future efforts into building a “sanctuary tech ecosystem”. Tether committed $6.4M to Swiss city Lugano continuing its bitcoin adoption partnership with the municipality that’s become a test case for city-level BTC integration. Bridge and Visa are expanding stablecoin-linked Visa card issuance globally, building on the Latin America pilot launched last April.
Crypto majors are green after major gains on Monday; BTC +2% at $67.6k; ETH +2% at $1,985; SOL +1% at $85. NEAR (+12%), CHZ (+10%), Morpho (+10%) and Virtuals (+7%) led top movers. Stock futures are deep red after oil jumped 8% and concerns over a prolonged Iran War rise. Bitcoin hit $70K briefly Monday amid the US-Iran conflict before pulling back, with other majors ETH, Solana, and HYPE all posting big gains as well before reversing. CRCL stock gained 15% on Monday, now up nearly 60% since last week’s Q4 earnings call. A new Senate housing package deal is moving forward with a ban on CBDCs, backed by the White House. Uniswap won a full dismissal in the remaining state-level claims against them which aimed to make them liable for scam tokens trading on the protocol. Chinese banks are freezing accounts belonging to users who mention “Bitcoin,” “Dogecoin,” or “USDT” in wire transfer memo fields, with China Construction Bank customers reporting no path to unfreeze. Bitcoin’s BIP-110 governance fight escalated Monday as mining pool Ocean produced the first block signaling support for the temporary soft fork targeting non-monetary data.
Crypto majors are green after major gains on Monday; BTC +2% at $67.6k; ETH +2% at $1,985; SOL +1% at $85. NEAR (+12%), CHZ (+10%), Morpho (+10%) and Virtuals (+7%) led top movers. Stock futures are deep red after oil jumped 8% and concerns over a prolonged Iran War rise. Bitcoin hit $70K briefly Monday amid the US-Iran conflict before pulling back, with other majors ETH, Solana, and HYPE all posting big gains as well before reversing. CRCL stock gained 15% on Monday, now up nearly 60% since last week’s Q4 earnings call. A new Senate housing package deal is moving forward with a ban on CBDCs, backed by the White House. Uniswap won a full dismissal in the remaining state-level claims against them which aimed to make them liable for scam tokens trading on the protocol. Chinese banks are freezing accounts belonging to users who mention “Bitcoin,” “Dogecoin,” or “USDT” in wire transfer memo fields, with China Construction Bank customers reporting no path to unfreeze. Bitcoin’s BIP-110 governance fight escalated Monday as mining pool Ocean produced the first block signaling support for the temporary soft fork targeting non-monetary data.