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
php/*
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 are red, down 2-3%; BTC -2% at $63k; ETH -2.5% at $1,835; SOL -2% at $75; HYPE -8% at $60. CRO (+5%), ARB (+3%) and LDO (+3%) led top movers. Oil +2% at $81; Gold -1% at $3,997. Stock futures are deep red as the chip selloff continues; DOW -0.6%, Nasdaq -1.7%. Visa launched a stablecoin platform backing Open USD, piling more competitive pressure on Circle as the payments giants line up behind the 140-firm consortium. Alpaca raised $135 million to build tokenized-stock infrastructure. Keyrock acquired BlockFills’ trading assets, expanding the market maker’s institutional crypto business through consolidation. An open-standards body for AI payments launched, aiming to build a financial system for AI bots to transact autonomously, the latest push into agentic commerce. Galaxy launched institutional stablecoin-yield vaults, targeting DeFi returns for institutions chasing yield on idle stablecoins. Polygon Labs announced layoffs as it pivots from a blockchain foundation to a blockchain payments company, with CEO Marc Boiron saying it's in the final stage of acquiring Coinme and targeting profitability in 2027. Powered by https://myriad.markets/markets
Crypto majors are mostly red in midweek pullback; BTC -1% at $64k; ETH +-.3% at $1,885; SOL -2% at $76; HYPE -3% at $65.75. ONDO (+15%), PYTH (+7%), VIRTUALS (+6%) and Mantle (+3%) led top movers. Oil even at $80; Gold even at $4,035. Stock futures are mixed; DOW +0.2%, Nasdaq -0.7%. Stripe bid $53 billion to acquire PayPal alongside Advent, a deal that would merge Stripe's Bridge and Tempo stablecoin rails with PayPal's PYUSD. Strategy’s CEO said the company feels “very secure” until Bitcoin hits $8,000-$10,000. Trump is expected to attend a White House meeting later today to hash out the CLARITY Act’s contested ethics section. Cantor Fitzgerald and Securitize are collaborating on blockchain-based IPOs, pushing tokenization from secondary trading into primary issuance. South Korea will modify a 76-year-old law to classify crypto as national assets, a foundational step toward integrating it into the financial system. Japan reclassified crypto as a financial asset, paving the way for a flat 20% capital-gains rate. Chamath published a 73-page report on crypto privacy, evaluating the models of Monero and ZCash amongst others. Powered by https://myriad.markets/markets
Crypto majors are very green after a cold CPI print; BTC +3% at $64.5k; ETH +4% at $1,870; SOL +2% at $77; HYPE +7% at $68. PUMP (+15%), GNO (+13%), ZEC (+12%) and Virtuals (+8%) led top movers. Oil -1% at $80; Gold -1% at $4,035. Stock futures are slightly green; DOW flat, Nasdaq +0.4%. The SEC Crypto Task Force met with Hyperliquid’s Policy Center on Tuesday to discuss crypto regulation and how Hyperliquid fits in. Several Senate Democrats came out against the CLARITY Act, calling it a “corrupt bill” at a press conference, escalating opposition over its failure to bar Trump and his family from profiting off crypto. The CFTC moved to stop Kalshi from canceling trades as ordered by a Michigan court, siding with the prediction-market platform in a jurisdictional clash between the federal regulator and the state. The US and UK moved to align rules for tokenized finance, linking the world’s two largest financial markets in a coordinated push to set shared standards as tokenization scales. JPMorgan said Hyperliquid’s rise threatens Circle’s USDC economics, creating a “prisoner’s dilemma” that pits Circle and Coinbase against each other for distribution. Mizuho downgraded Circle to underperform and cut its price target to $50 on the Open USD threat, warning the 140-backer consortium endangers USDC’s core reserve-yield economics. Meanwhile, Circle signed an MOU with JCB, Japan’s largest card network, to explore stablecoin payments across roughly 40 million merchants. Coinbase’s Head of Platform said that 95-100% of its code is now written by AI or AI-assisted. Powered by https://myriad.markets/markets
Crypto majors are mixed ahead of CPI; BTC -1% at $62.7k; ETH +1% at $1,790; SOL -1% at $75; HYPE -2% at $64. CRV (+7%), ENA (+5%), INJ (+4%) and UNI (+3%) led top movers. Oil +10% at $81; Gold -1% at $4,020. Stock futures are mixed as oil spikes and June CPI data comes this AM; DOW -0.7%, Nasdaq +0.3%. June CEX volumes fell 5% from May, while derivatives trading rose by 4%. BTC and ETH social media posts have fallen to their lowest level since 2020. Coinbase CEO Brian Armstrong admitted Base "messed up" on content coins, saying they didn't work and that Base pivoted away early this year, with resources now going toward trading, payments, and AI agents. BlackRock, Goldman Sachs, and JPMorgan joined a 54-firm UK tokenization taskforce backed by the government, starting with tokenized repo, with a Treasury report projecting up to £33 billion in annual economic output by 2035. TeraWulf’s CEO said “not all megawatts are created equally” in the AI race, stating flatly that “we’re not involved in Bitcoin” anymore as its $19 billion Anthropic hosting deal completes its shift from miner to AI infrastructure company. SBI Holdings’ blockchain initiative pivoted to Solana for tokenization and stablecoin issuance, moving off R3’s Corda and bringing the Solana Foundation into its joint venture, with plans including payment infrastructure for AI agents. Powered by https://myriad.markets/markets
Crypto majors are down 1-3% after an overnight selloff; BTC -1% at $63k; ETH -1% at $1,780; SOL -1% at $76; HYPE -3% at $65. JTO (+13%), PUMP (+8%) and PYTH (+6%) led top movers; ARB (+18%) and ZEC (+16%) were biggest winners of the week. Oil +3.5% at $74; Gold -1% at $4,070. Stock futures are red as the Iran War escalates again; DOW flat, Nasdaq -0.9%. Bitcoin’s BIP-110 soft fork faces an early-August deadline with miner support at zero, the proposal to cap non-financial data on the chain never having drawn above 1%. Meta’s chief data officer called agentic commerce the potential “next tier of business” for the company, saying stablecoins are central to a future without physical wallets, with over a million weekly active businesses already using Meta’s AI agents. Powered by https://myriad.markets/markets
Crypto majors are green up 2-3%; BTC +3% at $64.3k; ETH +3% at $1,790; SOL +2% at $79; HYPE +3%% at $69. Morpho (+10%), ARB (+10%) and ZEC (+7%) led top movers. Oil -2% at $72; Gold even at $4,110. Stock futures are mixed; DOW +0.2%, Nasdaq -0.2%. Circle stock is up 8% premarket after the company received OCC approval for a U.S. National Trust Bank charter. Coinbase Chief Legal Officer Paul Grewal is departing the crypto giant, ending a high-profile run in which he led Coinbase’s legal fights against the SEC and became one of the industry’s most visible advocates. SWIFT’s blockchain network is attracting major banks with 24/7 token transfers, a notable step as the backbone of global bank messaging moves onto blockchain rails. A new draft of the CLARITY Act could drop as soon as next week, sources say, in a final push for a late-July Senate vote, though it still lacks the bipartisan buy-in needed to pass before the August 7 recess. New Hampshire’s Executive Council rejected a $100 million Bitcoin-backed bond proposal, a setback for state-level efforts to gain Bitcoin exposure through public financing. BitGo introduced tools to help institutions reduce quantum computing risk in their Bitcoin holdings, letting clients migrate to quantum-resistant setups as the Q-Day debate intensifies. Powered by https://myriad.markets/markets
Crypto majors are slightly green and rebounding; BTC +1% at $62.6k; ETH even at $1,740; SOL even at $77; HYPE -1% at $67. ARB (+14%), LIT (+9%) and SKY (+8%) led top movers. Oil even at $74; Gold +1% at $4,110. Stock futures are green as oil cools and Iran tensions ease; DOW -0.1%, Nasdaq +0.5%. The US struck Iran for a second straight night, hitting IRGC boats near the Strait of Hormuz as Iran claimed strikes on 85 US installations, but Trump said Iran called to make a deal after. Bitwise’s Top 10 Crypto Index ETF dropped DOT and AVAX and added HYPE after its strong H1 performance. Kraken leads all MiCA-regulated exchanges in liquidity and market coverage, per DefiLlama data, with $399.7 million in spot and $206.9M in perp liquidity plus 1,704 markets covered, ahead of Coinbase at $305.2M spot and 1,074 markets. Adam Back’s Bitcoin Standard Treasury scrapped its SPAC merger with Cantor and is seeking a new deal. Ripple put the XRP logo on Kansas Jayhawks jerseys in a multi-year sponsorship, extending crypto’s march into college sports. Russia's largest private bank, Alfa-Bank, plans to become a regulated crypto custodian and offer digital-asset services once Russia's new crypto law takes effect, joining Sberbank and T-Bank in the push. Powered by https://myriad.markets/markets
Crypto majors are red down 2-5% after the US struck Iran overnight and declared the ceasefire over; BTC -2% at $62k; ETH -2% at $1,735; SOL -5% at $77; HYPE -5% at $68. Morpho (+4%), Stable (+4%) and Uni (+3%) led top movers. Oil +5% at $74; Gold -2% at $4,060. Stock futures are also very red on the ceasefire ending news; DOW -1%, Nasdaq -1.3%. The SEC plans to introduce its long-awaited crypto rules as soon as this month, a “Regulation Crypto” proposal that would create safe harbors and exemptions shielding activities like tokenized securities and DeFi from enforcement. Trump’s Strategic Bitcoin Reserve remains a work in progress, with the White House still weighing whether the Treasury or Commerce Department has the legal authority to hold the government’s Bitcoin. India's central bank said it "leans toward prohibiting" crypto, recommending in government documents that banks and financial institutions be barred from holding, trading, or gaining exposure to crypto assets and private stablecoins to limit risk spillover. Kraken is aiming to secure a full banking license in Europe, which would let the exchange offer bank-like services across the EU. Wintermute called Bitcoin’s recent jump a temporary relief rally rather than a durable bottom. The Coinbase Premium has been negative for 50 straight days, meaning Bitcoin has traded cheaper on the largest US exchange than offshore for nearly two months, a clear sign of weak domestic demand behind July’s rally. The combined market cap of USDT and USDC fell to $257 billion from $268 billion over two months, while Tether burned $2.5B of USDT on Ethereum on July 7 in the latest major reduction. Powered by https://myriad.markets/markets
Crypto majors are mostly even after a volatile Monday; BTC +1% at $63.1k; ETH even at $1,770; SOL even at $81; HYPE even at $71. JTO (+8%), LIT (+5%) and Morpho (+5%) led top movers. Oil +1% at $69; Gold -1% at $4,140. Stock futures are red as oil rises and chip stocks struggle; DOW +0.2%, Nasdaq -1%. Bernstein reaffirmed its $150K Bitcoin target for this year as BTC reached a two-week high, arguing the setup still points higher despite the brutal first half. Ripple went fully MiCA-compliant after Luxembourg upgraded its preliminary license, letting it passport crypto payment services across all 30 European Economic Area countries. Ethereum developers rallied behind Vitalik's "Lean Ethereum" roadmap but urged faster execution, warning the challenge is speed, not vision. Coinbase’s AI erroneously published a World Cup result before kickoff, drawing backlash and prompting CEO Brian Armstrong to investigate and roll out fixes. SK Hynix is pricing one of 2026’s largest IPOs this week at a ~$1.16 trillion valuation, more potential for the AI-memory trade pulling money away from crypto. Powered by https://myriad.markets/markets
Crypto majors are green up 1-3%, with HYPE leading; BTC +1% at $62.8k; ETH +1% at $1,770; SOL +1% at $81; HYPE +3% at $71. ZRO (+7%), LIT (+6%) and AAVE (+6%) led top movers. Oil even at $68; Gold +1% at $4,170. Stock futures are green as chip stocks rebound; DOW flat, Nasdaq +1%. President Trump defended his crypto ventures after his disclosure showed over $1 billion in 2025 earnings, pushing back on conflict-of-interest criticism as Democrats renew calls to bar politicians and their families from the industry. Odds of the CLARITY Act passing briefly surged to 55% after two major law enforcement groups shifted their stance, but has since retraced to 44%; now only 1 month remains until the key Aug 7 deadline marking the Senate summer break. Vitalik Buterin outlined Ethereum's "Lean Ethereum" roadmap, a 3-4-year plan to make recursive STARKs a native verification layer, swap remaining quantum-vulnerable cryptography for post-quantum alternatives, introduce a "scalable state" type reaching 100 TB by 2030 to cut some transaction costs more than 10x, and explore RISC-V or leanISA VMs for programmable privacy. Bitcoin miner stress hit a historically rare level, with the Miner Cycle Stress Composite falling to a new 2026 low and entering its "undervalued" range, a level that previously showed up near major bottoms in 2015, 2018, 2020, 2022, and 2024. Powered by https://myriad.markets/markets