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
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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 are very green, with SOL leading; BTC +4% at $61.2k; ETH +5% at $1,650; SOL +10% at $82; HYPE +3% at $64.60. LIT (+15%), PUMP (+11%), VVV (+10%) and ZEC (+10%) led top movers. Oil -1.5%at $67.50; Gold -0.3% at $4,070. Stock futures are slightly mixed; DOW +0.2%, Nasdaq -0.4%. Circle CEO Jeremy Allaire responded to the Open USD launch, arguing USDC's decade-built liquidity and network moats are too deep to copy and that consortium stablecoins have a "dismal" track record. A new institutional-focused Ethereum nonprofit launched with backing from Joe Lubin, BitMine, and SharpLink, the second Ethereum initiative from the same trio in recent weeks. Cantor Fitzgerald analysts see a potential crypto market bottom forming in the coming months, pointing to the cycle and urging investors to focus on networks with durable value accrual. Standard Chartered announced a partnership with Circle to allow their institutional clients to access USDC. Powered by https://myriad.markets/markets
Crypto majors are slightly red; BTC -1% at $58.6k; ETH even at $1,570; SOL +2% at $75; HYPE -4% at $62.80. JUP (+15%), XLM (+11%) and CC (+9%) led top movers. Oil -1%at $69; Gold even at $4,040. Stock futures are slightly red after the strongest H1 in 5 years; DOW -0.2%, Nasdaq -0.4%. Binance and CZ were sued for nearly $200 million by British investors in a new UK lawsuit, per Reuters, tied to claims involving the FCA. Citi cut its 12-month price targets for Bitcoin from $112k to $82k and ETH from $3,175 to $2,240, citing outflows, slow regulatory progress and DAT concerns. TD Cowen cut Strategy’s price target by 35%, citing the company’s new framework that opens the door to selling Bitcoin. The SEC opened a 60-day comment period on novel ETFs, asking 27 questions about how it should handle funds built around crypto assets, event contracts, and other nontraditional holdings, after pausing roughly two dozen prediction-market ETF filings. New York Life Investment Management teamed with Centrifuge for a tokenized bond fund, bringing one of America’s largest asset managers further into onchain real-world assets. CRCL was removed from several Russell Growth Indexes in the annual reconstitution process in June. Powered by https://myriad.markets/markets
Crypto majors are mixed with HYPE leading; BTC -1.5% at $59k; ETH even at $1,570; SOL +1% at $73.3; HYPE +3% at $65.50. LIT (+10%), KAS (+8%) and SKY (+6%) led top movers. Oil even at $70; Gold even at $4,040. Stock futures are slightly green ahead of the quarter close; DOW +0.1%, Nasdaq +0.2%. The Supreme Court ruled that Trump can fire SEC and CFTC commissioners at will, overturning a 91-year precedent and handing the president direct control over the two agencies that regulate crypto at a crucial moment for legislation. The White House is talking to law enforcement about concerns with the CLARITY Act, according to a report, as worries persist that the bill’s developer protections could be exploited for illicit finance. JPMorgan backed the Clarity Act in a major pivot, but warned that new rules should close regulatory gaps. Galaxy Digital lowered its odds of the CLARITY Act passing in 2026 to 50%, citing the narrowing legislative window and mounting opposition to the crypto market-structure bill. BNY added USDC to its custody platform, expanding the bank’s digital-asset services to meet growing institutional demand for stablecoin custody. A JPMorgan report highlighted low institutional interest in crypto perpetual futures, finding big players have largely stayed on the sidelines of the product at the center of the CME-CFTC fight. Vitalik Buterin highlighted the importance of obfuscation in crypto, pointing to it as a foundational tool that could unlock powerful new privacy and functionality for onchain applications. Powered by https://myriad.markets/markets
Crypto majors are mostly flat over the weekend; BTC even at $59.9k; ETH even at $1,570; SOL +2% at $73; HYPE +1% at $63.25. ENA (+4%), AAVE (+4%) and AVAX (+4%) led top movers. Oil even at $69.80; Gold -1% at $4,050. Stock futures are green after a new US-Iran truce; DOW +0.5%, Nasdaq +1.3%. Brian Armstrong responded to criticism that the Coinbase app promotoes gambling on BTC price action and sports betting, stating that users are free to act how they want but that Coinase shouldn’t be aggressively promoting. Coinbase and OKX are going after Binance’s Euro customers as their MiCa license is set to expire on July 1. Strategy’s enterprise mNAV fell below 1 for the first time, meaning the market now values the company at less than its Bitcoin holdings, erasing the premium that for years gave Saylor the flexibility to raise capital and buy more BTC. Securitize, the BlackRock-backed tokenization firm, is set to go public this week under the ticker SECZ through a SPAC merger on the NYSE. Cardone Capital is using real estate income to buy Bitcoin during price drops, with Grant Cardone funneling rental cash flow into BTC on dips. Binance founder CZ blamed crypto’s 2026 performance on a mix of AI, global tension, and the four-year cycle, saying there’s no single cause for the market’s roughly 50% decline over the past year. Powered by https://myriad.markets/markets
Crypto majors are mostly red down 1-5%; BTC -3% at $59.4k; ETH -5% at $1,550; SOL +1% at $68.68; HYPE -1% at $62. JTO (+12%), INJ (+9%) and VVV (+4%) led top movers. Oil even at $69.60; Gold +0.5% at $4,070. Stock futures are red as the tech selloff continues; DOW -0.1%, Nasdaq -1.1%. Strategy’s STRC hit a new low as Bitcoin got slammed again, the preferred stock sliding further as BTC broke toward 2026 lows, keeping pressure on Saylor’s funding engine. Tether flipped ETH in fully diluted market cap to become the 2nd biggest crypto after the recent ETH slide. OpenAI executives are reportedly pressuring Sam Altman to push the IPO back to 2027 based on the market’s reaction to SpaceX. Coinbase’s Base network recovered from a block-production issue that briefly halted the chain before resuming normal operation after the outage. SBI Holdings struck a $289 million deal to acquire Bitbank, creating Japan’s largest regulated crypto exchange. CoinEx denied any involvement in an alleged $38 billion Iranian sanctions-evasion scheme, pushing back on claims tying the exchange to the operation. Powered by https://myriad.markets/markets
Crypto majors are red but rebounding after Micron smashed earnings, lifting markets; BTC -2% at $61.2k; ETH -2% at $1,630; SOL -1% at $68; HYPE +1% at $62.60. SEI (+10%), AAVE (+10%) and STABLE (+9%) led top movers. Oil -2% at $69.40; Gold -0.2% at $4,000. Stock futures are big green after Micron’s earnings beat; DOW +0.3%, Nasdaq +2.2%. Trump refused to sign the housing bill containing the CBDC ban and abruptly cancelled the signing celebration, demanding Congress approve an elections bill first, a move that pauses the CBDC prohibition and could delay or imperil the CLARITY Act. Coinbase CEO Brian Armstrong said more acquisitions are possible after its $2.9 billion Deribit deal, with a focus on international targets that can speed up product and business growth. Binance withdrew its MiCA license application in Greece and said it will pursue approval in another EU state, scrambling to preserve its European access before its current permissions lapse on June 30. Binance founder CZ said he’s been misunderstood and hopes to help boost the US crypto industry. A New York man was sentenced to 15 months in prison for scamming investors by impersonating well-known crypto influencers to solicit funds. Powered by https://myriad.markets/markets
Crypto majors are flat after a red open to the week; BTC even at $62.4k; ETH even at $1,660; SOL +1% at $69; HYPE -2% at $62. JTO (+10%), JUP (+7%) and AAVE (+4%) led top movers. Oil -2% at $71.40; Gold -2% at $4,060. Stock futures are slightly green after a big tech selloff; DOW even, Nasdaq +0.3%. Vitalik Buterin said the Ethereum Foundation will cut its budget by 40% in a major reset, landing the same day the EF confirmed a 20% headcount reduction and the resignation of co-executive director Hsiao-Wei Wang, the ninth senior figure to leave since January. BNY said FOMO is pushing asset managers into tokenized funds, with fund issuers exploring blockchain-based ETFs out of fear of missing an early foothold in tokenized finance. Chainlink teamed up with 47 South Korean and European banks on an alliance called Project Pangea, which will use stablecoins to settle multimillion-dollar currency trades between the two regions in near real time. BlackRock formally recommended a 1-2% Bitcoin portfolio allocation for investors. Brazil blocked political parties and candidates from accepting crypto donations. Powered by https://myriad.markets/markets
Crypto majors are very red this morning alongside stocks; BTC -3% at $62.3k; ETH -5% at $1,650; SOL -7% at $68.50; HYPE -7% at $62.50. DEXE (+37%), OKB (+2%) and ZRO (+2%) led top movers. Oil -3% at $73.80; Gold -1.5% at $4,140. Stock futures are very red as big Tech sells off; DOW -0.5%, Nasdaq -2.75%. The US Senate passed a housing bill carrying a four-year ban on a Fed CBDC, a win for crypto advocates who oppose a government-issued digital dollar on surveillance grounds. OKX and the NYSE formed a joint venture led by Andrew Cuomo to bridge traditional and crypto markets, aiming to give OKX’s 120 million users access to ICE futures and NYSE tokenized equities. Trump signed two executive orders accelerating US quantum computing and the shift to quantum-resistant encryption ahead of “Q-Day,” a push that also underscores the long-term threat quantum poses to Bitcoin’s cryptography. MoneyGram joined Solana as a validator, deepening its push into stablecoin payments by helping secure the network it’s increasingly building on. Bitcoin OG Adam Back has made a bet that Bitcoin will make it to $500k-$1M by 2028 and believes its market cap will eventually catch gold. Powered by https://myriad.markets/markets
Crypto majors are very red this morning alongside stocks; BTC -3% at $62.3k; ETH -5% at $1,650; SOL -7% at $68.50; HYPE -7% at $62.50. DEXE (+37%), OKB (+2%) and ZRO (+2%) led top movers. Oil -3% at $73.80; Gold -1.5% at $4,140. Stock futures are very red as big Tech sells off; DOW -0.5%, Nasdaq -2.75%. The US Senate passed a housing bill carrying a four-year ban on a Fed CBDC, a win for crypto advocates who oppose a government-issued digital dollar on surveillance grounds. OKX and the NYSE formed a joint venture led by Andrew Cuomo to bridge traditional and crypto markets, aiming to give OKX’s 120 million users access to ICE futures and NYSE tokenized equities. Trump signed two executive orders accelerating US quantum computing and the shift to quantum-resistant encryption ahead of “Q-Day,” a push that also underscores the long-term threat quantum poses to Bitcoin’s cryptography. MoneyGram joined Solana as a validator, deepening its push into stablecoin payments by helping secure the network it’s increasingly building on. Bitcoin OG Adam Back has made a bet that Bitcoin will make it to $500k-$1M by 2028 and believes its market cap will eventually catch gold. Powered by https://myriad.markets/markets
Crypto majors are mixed this morning; BTC even at $64.3k; ETH +1% at $1,750; SOL -1% at $73.60; HYPE -1% at $67.50. DEXE (+17%), VVV (+7%) and LIT (+7%) led top movers. Oil +1% at $77; Gold -0.5% at $4,225. Stock futures are flat and unchanged since Thursday. Franklin Templeton filed for ETFs that reinvest US stock dividends into Bitcoin, a novel structure that funnels the dividend income from equity holdings into Bitcoin accumulation instead of paying it out in cash. Strategy’s STRC fell to an all-time low of $83 on Thursday before rebounding to $88. The Federal Reserve proposed customer identification rules for stablecoin issuers, moving to require issuers to verify who their customers are as the federal framework for dollar-backed tokens takes shape. Jaredfromsubway.eth, Ethereum's most notorious MEV sandwich bot, was drained of more than $7.5 million after an attacker spent weeks luring it into approving fake trading routes built from spoofed tokens and pools, then used those approvals to siphon out its WETH, USDC, and USDT and wash some through Tornado Cash. Powered by https://myriad.markets/markets