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 are red down 1% after a hawkish FOMC despite stocks rebounding; BTC -1% at $64k; ETH -1% at $1,745; SOL -1% at $71; HYPE +1% at $71.80. H (+17%), ENA (+7%) and XLM (+7%) led top movers. Oil -2% at $75; Gold -2.5% at $4,270. Stock futures are green and rising with the Nasdaq up 1.4% and DOW +0.3%. Saylor’s STRC fell as low as $89.30 yesterday, marking a new low; meanwhle the Strategy X account posted how it has “32 years of dividend coverage through our BTC reserve”. The CME is suing the CFTC over their approval of perp futures in the US, allowing players like Kalshi and Coinbase to roll out the product. Mexican billionaire Ricardo Salinas Pliego, who keeps about 70% of his investment portfolio in Bitcoin, called it a better store of value than real estate. Fidelity and State Street entered the stablecoin market with compliant reserve-management funds. Moody’s launched onchain credit ratings on Solana, bringing one of the big three rating agencies directly onchain. BitGo shares popped after the crypto custodian announced a $50 million buyback plan. Grayscale said AAVE could rise to $175 (+130%) over the next year if regulatory clarity accelerates.
BTC: 62,660 | BTC.D: 58.5%. ETH: 1,653 | BNB: 596 | SOL: 65. Fear & Greed: 13 | 24h Liq: $380m. BTC ETFs: -$214M | ETH ETFs: -$36M. Top Gainers: VELVET, BEAT, SKYAI, CRV, CVX. Odds of BTC 100K+ by 2027 hit lows of 18%. We will be largest buyer of BTC: Strategy CEO. $400B tech IPOs driving BTC decline: Saylor. CryptoQuant sees BTC bottom near $53.6K. Fold sells $45M BTC to repay debt, fund growth. HYPE decline linked to rise of Kalshi perps. BlackRock files yield BTC ETF amendment. Bitmine adds $41M ETH, Fidelity buys hit 2-mo high. XRP transaction demand down 91.5%. Q2 worst ICO quarter in 5 years: CryptoRank. Stellar unveils quantum defense plan. Raydium legacy AMM exploited for $1.34M. Circle unveils Arc Privacy for institutions. Coinbase urges scrapping stablecoin spend tax. Coinbase first in US with global perp futures. CFTC proposes sports contracts framework. Mastercard launches Agent Pay for machines. DBS to launch tokenised gold for retail. Teen admits $13M crypto scam, bought jets. Powered by https://myriad.markets/markets
Crypto majors are red ahead of CPI this morning; BTC -2.5% at $61k; ETH -3% at $1,620; SOL -4% at $63.40; HYPE -10% at $56. Stable (+13%), Morpho (+11%), and WLF (+7%) led top movers. Oil even at $89; Gold -2% at $4,180. Stock futures are red as chip stocks fall and ahead of CPI with the DOW -1% Nasdaq -1.5%. Gold and Silver have erased their YTD gains after their recent downfalls. The CME Group launched its CME Crypto Index Futures covering the price of BTC, ETH and SOL. Wintermute blamed the recent crypto selloff not on Saylor’s selling but on institutional outflows, and said there are no signs of that capital returning. Humanity Protocol lost $36M after an employee laptop holding its multisig keys was compromised; attackers took 3 of 6 keys on Ethereum and 3 of 5 on BSC, drained 141.2M H, and minted 200M more. Kraken was named Official Crypto Exchange Supporter of the FIFA World Cup 2026, kicking off June 11. Powered by https://myriad.markets/markets
Crypto majors are mostly flat; BTC -0.5% at $62.7k; ETH even at $1,670; SOL even at $66.40; HYPE +1% at $62.10. ZEC (+12%), WLD (+11%), and CC (+5%) led top movers. Oil -5% at $89; Gold +1% at $4,357. Stock futures are green after Iran announced end of military operations against Israel, with the Nasdaq up 0.7%. CME Group launched Bitcoin Volatility Index futures on Monday, letting traders bet on how much BTC will swing rather than which direction. BlackRock-backed tokenization firm Securitize received SEC approval for its merger with Cantor Fitzgerald’s SPAC, combining Securitize’s institutional tokenization platform with Cantor’s balance sheet and distribution. Rep. Brad Sherman (D-CA) published an op-ed opposing government stablecoin payments, arguing that allowing federal agencies to accept stablecoins for tax payments and government fees would enable tax evasion by making transactions harder to trace. Sen. Angela Alsobrooks said she will not support the Clarity Act on the Senate floor without resolution of ethics provisions, specifically language preventing government officials from personally profiting from crypto markets. The UK FCA added Hyperliquid and the Hyper Foundation to its unauthorized firms warning list on May 21, flagging them for potentially offering financial services to British consumers without authorization. Powered by https://myriad.markets/markets
Crypto majors are mostly flat; BTC -0.5% at $62.7k; ETH even at $1,670; SOL even at $66.40; HYPE +1% at $62.10. ZEC (+12%), WLD (+11%), and CC (+5%) led top movers. Oil -5% at $89; Gold +1% at $4,357. Stock futures are green after Iran announced end of military operations against Israel, with the Nasdaq up 0.7%. CME Group launched Bitcoin Volatility Index futures on Monday, letting traders bet on how much BTC will swing rather than which direction. BlackRock-backed tokenization firm Securitize received SEC approval for its merger with Cantor Fitzgerald’s SPAC, combining Securitize’s institutional tokenization platform with Cantor’s balance sheet and distribution. Rep. Brad Sherman (D-CA) published an op-ed opposing government stablecoin payments, arguing that allowing federal agencies to accept stablecoins for tax payments and government fees would enable tax evasion by making transactions harder to trace. Sen. Angela Alsobrooks said she will not support the Clarity Act on the Senate floor without resolution of ethics provisions, specifically language preventing government officials from personally profiting from crypto markets. The UK FCA added Hyperliquid and the Hyper Foundation to its unauthorized firms warning list on May 21, flagging them for potentially offering financial services to British consumers without authorization. Powered by https://myriad.markets/markets
Crypto majors are green and rebounding from Friday’s selloff; BTC +1.4% at $63.3k; ETH +3% at $1,680; SOL +3% at $66.50; HYPE +5% at $61.55. NEAR (+12%), WLD (+11%), and LIT (+8%) led top movers. Oil +4% at $94; Gold -1% at $4,326. Stock futures are mixed with the DOW flat but Nasdaq up 0.7%. Gold fell below its 200 day moving average for the first time since October 2023. Crypto shorts lost over $500M on Sunday in the worst day for bears since April. JPMorgan analysts said that Bitcoin’s H2 performance is dependent on how Saylor will fund his $1.7B in annual debt obligations. Bybit launched IPO Express and a tokenized SpaceX subscription in partnership with xStocks, allowing users to subscribe to SPCX ahead of the June 12 Nasdaq listing. Powered by https://myriad.markets/markets
Crypto majors are mixed; BTC +0.2% at $62.3k; ETH -4% at $1,670; SOL -2% at $66; HYPE -5% at $61.65. WLD (+9%), JST (+9%), and DEXE (+8%) led top movers. ZEC fell 40% to $324 after the exploit was published, wicking as low as $250. Oil -1% at $93; Gold -0.2% at $4,490. Stock futures are mixed with the DOW green but Nasdaq down 1%. Crypto longs saw $830M in liquidations over the past day, includng $336M in BTC longs, $277M in ETH and $117M in ZEC longs. Coinbase and Better Home & Finance funded the first Fannie Mae-backed Bitcoin mortgage in US history, completed by a married couple in Ann Arbor who used their Bitcoin as collateral to purchase their first home without triggering a taxable sale. Rep. Bryan Steil (R-WI) announced plans to add prediction market restrictions to the House’s stock ban bill, barring members of Congress from betting on elections and public policy on Kalshi and Polymarket. Google DeepMind CEO Demis Hassabis said humanity is standing in the “foothills of the singularity” and predicted AGI will arrive around 2030, possibly as early as 2029. The DOJ’s “Disruption Week” operation froze more than $3.8 million in stolen crypto with help from Coinbase, SpaceX, Meta, Apple, Google, and Microsoft. A fast-growing gray market for peptides has become one of cryptocurrency’s newest high-volume markets, processing more than $100 million annually primarily through Bitcoin and stablecoin payments. Powered by https://myriad.markets/markets
Crypto majors are very red down 7-10% in one of the worst days of the year; BTC -7% at $62.2k; ETH -8% at $1,740; SOL -10% at $67.5; HYPE -11% at $64.90. Recent alt movers ZEC (-12%), NEAR (-18%), and VVV (-12%) all fell double digits. Siren (+24%), BEAT (+12%), and H (+2%) led top movers. Oil -1% at $94.30; Gold +1% at $4,500. Stock futures are very red with Nasdaq down 1.25%. Arthur Hayes sold his entire HYPE and NEAR position, citing higher energy prices due to Iran, the 3 AI IPOs and that markets will peak between now and September. Tether and Fasset launched the world’s first gold-backed Visa card, letting users spend fiat globally while earning up to 6% cashback in XAUT (Tether Gold). Mastercard launched 24/7 stablecoin settlement across its global network, supporting USDC and other stablecoins on Ethereum, Solana, and a variety of chains with intraday, weekend, and holiday settlement now available alongside traditional rails. A physical Casascius Bitcoin coin containing 25 BTC was redeemed Tuesday for $1.78 million, 12 years after it was minted in December 2011 when those coins were worth less than $100 total. Powered by https://myriad.markets/markets
Crypto majors are red again down 3-5%; BTC -3% at $67.2k; ETH -5% at $1,880; SOL -5% at $75.45; HYPE +1% at $73.05. LIT (+27%), ENA (+22%), and WLD (+21%) led top movers; NEAR and VVV +10% as well. Oil +5% at $96; Gold -1% at $4,490. Stock futures are mixed with the Nasdaq up 0.1% and DOW down 0.4%. Bitmine’s Tom Lee predicted Ethereum will reach $250,000 as corporate treasury firms, institutional stakers, and sovereign wealth funds increasingly take over network validator control. Andrew Yang’s Noble Mobile acquired Helium Mobile Tuesday; Noble will use the Helium Network’s 137,000 community-operated hotspots for expanded coverage (HNT -9%). MoneyGram launched a USDC stablecoin payment service on the Stellar network Tuesday, letting consumers send dollar-pegged transfers across borders using Stellar’s rails. Franklin Templeton partnered with MoonPay to let institutional investors swap stablecoins for yield-bearing assets around the clock, pairing Franklin Templeton’s $1.74 trillion in AUM and tokenized money market funds with MoonPay’s institutional settlement infrastructure. Galaxy Research entered the institutional prediction markets space by facilitating a $10 million Arca trade Tuesday, the first nine-figure institutional prediction market position brokered by a major crypto research firm. NewLimit, the anti-aging biotech co-founded by Brian Armstrong, closed a new $435M Series C funding round backed by Founders Fund, Thrive, Greenoaks, and others, while also announcing it has developed a prototype drug that reverses the biological age of human cells by restoring function they had when younger. Powered by https://myriad.markets/markets
Crypto majors are red again down 3-5%; BTC -3% at $67.2k; ETH -5% at $1,880; SOL -5% at $75.45; HYPE +1% at $73.05. LIT (+27%), ENA (+22%), and WLD (+21%) led top movers; NEAR and VVV +10% as well. Oil +5% at $96; Gold -1% at $4,490. Stock futures are mixed with the Nasdaq up 0.1% and DOW down 0.4%. Bitmine’s Tom Lee predicted Ethereum will reach $250,000 as corporate treasury firms, institutional stakers, and sovereign wealth funds increasingly take over network validator control. Andrew Yang’s Noble Mobile acquired Helium Mobile Tuesday; Noble will use the Helium Network’s 137,000 community-operated hotspots for expanded coverage (HNT -9%). MoneyGram launched a USDC stablecoin payment service on the Stellar network Tuesday, letting consumers send dollar-pegged transfers across borders using Stellar’s rails. Franklin Templeton partnered with MoonPay to let institutional investors swap stablecoins for yield-bearing assets around the clock, pairing Franklin Templeton’s $1.74 trillion in AUM and tokenized money market funds with MoonPay’s institutional settlement infrastructure. Galaxy Research entered the institutional prediction markets space by facilitating a $10 million Arca trade Tuesday, the first nine-figure institutional prediction market position brokered by a major crypto research firm. NewLimit, the anti-aging biotech co-founded by Brian Armstrong, closed a new $435M Series C funding round backed by Founders Fund, Thrive, Greenoaks, and others, while also announcing it has developed a prototype drug that reverses the biological age of human cells by restoring function they had when younger. Powered by https://myriad.markets/markets