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 bounce with stocks & gold after CPI. Kamala odds flip Trump after Presidential debate. SUI, FTM, ICP, TON lead gains in Alt L1s. Grayscale launches XRP trust, SUI to follow. FTX unstakes part of SOL position, large unlocks in Q1. 5 major announcements coming for SOL this month. SOL active addresses hits ATH for any blockchain. ETH dominance falls to 14%, lowest level in 3 years. AI coins strong as Nvidia & chip optimism returns. SWIFT set to build infrastructure for RWA trading. Coinbase launches wrapped Bitcoin product. ENS integrated with Venmo & PayPal. Pendle introduces Bitcoin yield pools at 45%. POPCAT gets Kraken listing, leads top SOL memes. SUNDOG breaks $300m after ByBit spot listing. Casino tokens rise, RLB up 100% in 2 weeks. Ape Punk sells in ‘heist’ for 10ETH. XCOPY editions & 1/1s see high sales. Fantasy Top trading volume continues to grow. Trump family set to launch crypto project Monday.
Crypto rises with stocks after CPI falls again. Bitfinex BTC longs continue to grow. SUI again leads L1s, up 18%. FTX estate unstakes $24m SOL, still has $943m. Binance introduces SOL liquid staking. SWIFT introduces infrastructure for RWA transfers. Pendle launches Bitcoin yield pools. UK makes crypto legal property. India leads crypto adoption for second year. Vitalik won’t advertise L2s with multi-sig security. Based rollups seen as alternative future for ETH. Blockchain music start up raises $50m. Ford & Toyota file blockchain patents.
Crypto falls slightly after Presidential debate. Exchanges see highest BTC outflow since May. Be wary of Yen move for BTC: Hayes. SOL active addresses hit ATH. At least 5 massive SOL announcements coming: Mert. Binomial to introduce restaking on BNB. Indonesian exchange hacked for $22m. Atomic Wallet wins lawsuit over $100m hack. Lawyers argue Ellison shouldn’t go to jail. ENS integrated with Venmo & PayPal. Galaxy & State Street launch 3 crypto ETFs. Standard Chartered begins UAE crypto custody. AAVE leads resurgence in DeFi coins.
BTC rallies, ETF has first inflow in 9 trading days. BTC may have put in first higher low in 6 months. Saylor predicts $13m price for BTC. Wealth advisors quickly adopting BTC: BitWise CEO. Binance among few firms to get Indonesia license. Spot trading on CEXs up 30% in August. SEC made $4.68bn from crypto firms in 2023. $5.6bn lost to scams in 2023. XRP security status may be unchallenged in appeal. EtherFi announces credit card on Scroll. Base has more DEX users than other L2s combined. Tether & Tron create taskforce against crime. TIA still only making $585 in daily fees. WLD investigated by Singapore police.
Top Gainers: FTM, TAO, BTT, AAVE, TON, ATOM. Crypto mini-bounce continues, BTC reclaims $55k. BTC RSI hits lowest level since July 2021. Bitfinex longs continue to grow aggressively. BTC hashrate hits another ATH. BTC could hit $90k on Trump election: Bernstein. BlackRock settles intraday BTC trades off-chain. Spot BTC ETFs have been a failure: Bianco. Power giant Tepco explores Bitcoin mining. ETH Foundation & Vitalik continue to sell ETH. Farcaster DAU’s down 95%.
Crypto weak after continued ETF outflows. Durov breaks silence, TON bounces 3%. Telegram will start moderating private chats. Hayes & Brandt flip bearish on BTC. Coinbase shares hit 7 month lows. 90% of crypto firm applications rejected in UK. Japan’s 3 largest banks to trial stablecoins. Trump promises again to embrace crypto. INJ launches BlackRock BUIDL index. DWF to launch synthetic stablecoin. Vitalik to donate all L2 tokens to charity. Most VCs in crypto ‘will disappear’.
Crypto falls on macro wobble, Yen fears. OI wiped in BTC drop to $56k, funding negative. Altcoins down 13% YTD, stablecoin supply up 30%. BTC mining profitability at record low: JP Morgan. FBI says North Korea targeting BTC ETF issuers. Trump family to launch DeFi project on ETH. Trump project linked to AVAX’s Dough Finance. Trump family members hacked during launch. AI coins underperform after Nvidia investigation. MATIC upgrade to POL begins. TON falls as Telegram faces issues in many countries. VC funding & BTC correlation breaks down. We have entered crypto’s ‘corporate phase’. Gensler will leave regardless of election: Ripple CEO. Harris campaign has asked Coinbase for advice. Penpie DeFi project hacked for $27m. Galois Capital settles with SEC over FTX custody.
OI continues to rise as BTC stabilises. BTC still best performing assets class this year. FTX to distribute $16bn to creditors starting in Q4. Qatar introduces regulatory framework for crypto. ETH L1s fees down 90%, L2 activity ATH. Base hits 14m monthly users, many may be Sybil. ETH is in death spiral: Krueger. SOL to see significant unlocks in Q1. Japan considers dropping crypto tax to 20%. Rate cuts won’t help BTC: Hayes. BTC should double after rate cuts: Tapiero. Mr 100 linked back to Upbit wallet. WazirX hacker moves funds to Tornado. SUI to launch handheld gaming device. Sony & PYTH announce collaboration.
BTC weekly volatility returns to multi-year lows. BlackRock BTC ETF sees first outflow in months. ETH dominance hits 4-year low. Vitalik linked wallet sells $2m ETH. Bukele talks up BTC impact in Time interview. CBoE files for ETH & BTC ETF options. Elon & Tesla win DOGE manipulation lawsuit. Macron denies inviting Durov to France. Trump promises to make US the ‘crypto capital’. Trump advertises Liberty Financial DeFi project. DeFi mindshare continues to grow.
BTC: 59.7k (0%), ETH: 2545 (0%), SOL: 146 (-1%). Top Gainers: HNT, IMX, ICP, ADA, KCS. BTC ETFs: -$105m, ETH ETFs: +$6m. Bitcoin in tight liquidation range, ETH outperforms. ETH ETF sees first in flow in 10 days. Funding rates all turn negative. Mr 100 buys 500 BTC in dip. France formally charges Durov, can’t leave country. TON jumps 6% after Durov release. TON faces another outage related to DOGS. AI coins fall after Nvidia earnings. Crypto payments about to soar: Armstrong. Binance denies freezing Palestinian accounts. CryptoCom & Standard Chartered partner.