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 red on the day with BTC falling 4% after Saylor sold; BTC -4% at $69.4k; ETH even at $1,980; SOL -2% at $79.1; HYPE -1% at $72.25. NEAR (+15%), WLD (+11%), and RENDER (+9%) led top movers. Oil -1% at $91; Gold +1% at $4,560. Stock futures are red and down slightly after the S&P hit a new ATH yesterday. Pavel Durov announced Telegram is rebranding Toncoin to GRAM, its original planned name before the SEC forced Telegram to abandon the project in 2020; TON +6%. The CME saw $50M in volume in its first weekend of 24/7 trading for its crypto futures and options. Charles Schwab is targeting a 2027 roll out of its crypto spot trading for wealth advisors. SpaceX added dilution language to its amended IPO filing Monday, disclosing it “may issue a significant amount of equity in connection with future transactions,” widely read as preparation for an eventual Tesla merger. Vitalik proposed using options contracts in DeFi as a structural fix for liquidation cascades - the mechanism behind most major 2026 DeFi losses; his model would let borrowers pay a premium for a “soft liquidation” option that reduces collateral requirements gradually rather than triggering an instant forced sale. A crypto wallet recovery team recovered more than $2 million in Ethereum that had been inaccessible for over a decade. Japan’s ruling Liberal Democratic Party formally proposed legalizing crypto ETF trading,, calling for a legal framework that would allow crypto ETFs on Japanese exchanges by 2027. Powered by https://myriad.markets/markets
Crypto majors are red on the day and week with HYPE the lone standout; BTC -6% on week at $72.6k; ETH -6% at $1,980; SOL -5% at $81; HYPE +17% at $73.35. H (+90%), WLD (+15%), and SIREN(+10%) led top movers; KNTQ jumped 28% on the day and 56% on the week. Oil +4% at $90; Gold -1% at $4,535. Stock futures are green with the Nasdaq up 0.2% and DOW +0.5% at 51,340. Binance announced plans to allow non-US users to trade stocks, with more than 7,000 US stocks and ETFs offered. Citi projected that tokenized RWAs could hit $5.5T by 2030, more than 250x from here. Republican fintech entrepreneur Michael Carbonara liquidated 10 BTC for $800,000 in USDC to self-fund his congressional bid for Florida’s newly redrawn 22nd District. Grayscale published a 26-page report titled “Hyperliquid Breaks the Mold,” concluding that Hyperliquid generated $800M in revenue in 2025 and is rapidly evolving from a crypto perp exchange into broader financial infrastructure. Gnosis Pay was hacked related to its “delay module”, with the founder promising to cover any user losses. Powered by https://myriad.markets/markets
Crypto majors are slightly green with HYPE leading; BTC +0.3% at $73.5k; ETH +1% at $2,010; SOL +2% at $82; HYPE +9% at $62.15. XLM (+20%), DEXE (+13%), and INJ (+13%) led top movers. Oil -4% at $87; Gold +1% at $4,570. Stock futures are slightly green with the Nasdaq up 0.1%. The CEO of ICE (NYSE parent) called Hyperliquid “bigger than Nasdaq” and talked about how their institutional clients are watching price action on Hyperliquid on weekends. FalconX confidentially filed an S-1 with the SEC Thursday and hired bankers for a US IPO, making it oAne of the few crypto firms still pushing forward while Grayscale, Kraken, Ledger, and ConsenSys have all delayed listings; FalconX is a prime brokerage for institutional crypto traders, processing $1.5T+ in lifetime volume; the firm raised at a $4B valuation in 2022 and has been profitable since 2024. Meanwhile, Grayscale paused its IPO preparations Thursday and is unlikely to restart before Q4 at the earliest. Tether’s Argentine peso-pegged stablecoin USAT saw circulating supply surge more than 500% over a short window, reflecting accelerating adoption of dollar-alternative stablecoins in Argentina’s high-inflation economy. Powered by https://myriad.markets/markets
Crypto majors are red down 3-4%; BTC -3% at $73.3k; ETH -4% at $1,980; SOL -4% at $81; HYPE -9% at $56.80. XLM (+20%), STABLE(+1%), and NIGHT (+1%) led top movers. Oil +2% at $92; Gold -1.5% at $4,380. Stock futures are red with the Nasdaq down 0.5%. SoFi launched SoFiUSD on Wednesday. a dollar-backed stablecoin on Ethereum and Solana, becoming the first US national bank to offer a bank-issued stablecoin directly in a consumer banking app to its 15M members. Block began rolling out USDC stablecoin payments to Cash App's nearly 60 million users on Wednesday, supported on Solana, Ethereum, Polygon, and Arbitrum. Mastercard secured a New York BitLicense on Wednesday, clearing the path for stablecoin and tokenized deposit settlement across its global payments infrastructure. Fold debuted its Bitcoin Rewards Credit Card on Wednesday after securing a $150 million revolving credit facility from Encina Lender Finance. A plaintiff called "Noah Doe" filed a lawsuit in New York Supreme Court on May 1 seeking ownership of 39,069 dormant Bitcoin wallets holding approximately 3.79 million BTC (~$286 billion), after using a proprietary algorithm to identify them as abandoned, physically bringing USB drives to the NYPD's 17th Precinct as "lost property," and spending a year attempting to return the coins to their owners with no response. Powered by https://myriad.markets/markets
Crypto majors are red with HYPE leading; BTC -2% at $75.9k; ETH -2% at $2,080; SOL -2% at $84; HYPE +2% at $63. LUNC (+12%), SEI (+11%), and ICP (+7%) led top movers. Oil -2% at $90.7; Gold -2% at $4,450. Stock futures are green with the Nasdaq up 0.6% after Micron’s +20% day and oil falling. Trump posted that the CFTC must retain authority over prediction markets and the sector be allowed to thrive. A dark pool trader sold $1.3B in IBIT shares in a single transaction on Monday, one of the biggest single sales ever. TeraWulf acquired the Muskie Data Campus in Eastern Kentucky on Tuesday, a 285-acre hyperscale AI and HPC development site capable of supporting more than 1 gigawatt of data center capacity; WULF surged 13% on the announcement. The UK sanctioned Huobi Global S.A. (HTX) on Tuesday, part of an 18-entity Russia-focused package targeting crypto exchanges alleged to have helped Moscow move $1.5 billion. Indonesia blocked access to Polymarket on Tuesday citing gambling regulations, joining South Korea, China, and Thailand in a growing Asian crackdown on prediction market platforms. Powered by https://myriad.markets/markets
Crypto majors are flat on the day and week; BTC even at $77.2k; ETH even at $2,120; SOL -1%at $85; HYPE +26% at $61. NEAR (+80%), WLD (+60%), and FET (+31%) led weekly top movers. Oil -5% at $92; Gold +0.3% at $4,535. Stock futures are green with the Nasdaq up 1% slightly as the US and Iran signal more peace progress. Vitalik outlined a leaner, more opinionated Ethereum Foundation focused on long-term survival over breadth in a lengthy X post, noting that the EF will shrink, sell less ETH, and concentrate exclusively on the things no one else will do: censorship resistance, privacy, formal verification, intermediary minimization, and quantum resistance. The SEC approved Nasdaq to list Bitcoin index options covering BTC, ETH, SOL, XRP, ADA, LINK, and XLM; it will be the first multi-asset crypto index options on a regulated US exchange. The Senate returns from Memorial Day recess June 2, with a Clarity Act floor vote expected within 30 days per Senate leadership. Robinhood Crypto COO Tanya Denisova is leaving after more than five years, citing personal reasons; her departure adds to a string of crypto industry C-suite exits in 2026 including Gemini’s CFO, COO, and CLO and Block’s CEO. Ondo Finance founder Nathan Allman passed away unexpectedly over the weekend. Powered by https://myriad.markets/markets
Crypto majors are flat while HYPE leads again; BTC even at $77.1k; ETH even at $2,120; SOL +1%at $87; HYPE +8% at $59.55. NEAR (+30%), FET (+12%), TIA (+12%) and WLD (+12%) led top movers. Oil -2% at $98.50; Gold even at $4,513. Stock futures are green with the Nasdaq up slightly as the US and Iran signal some peace progress. Blockchain.com confidentially filed an S-1 with the SEC Thursday for a US IPO expected before year-end, joining SpaceX, Kraken, and Grayscale in the 2026 crypto listing wave; it previously considered going public at a $14B valuation in 2022 before a 2023 Series E round reset that figure significantly lower. a16z-backed Syndicate Labs announced it is shutting down Thursday after five years building Ethereum rollup developer infrastructure, citing a structural collapse in demand for reusable rollup tooling. Terraform Labs’ bankruptcy administrator filed an amended complaint Monday alleging Jane Street used a private Telegram group called “Bryce’s Secret” (run by a former Terraform intern who later joined Jane Street) to receive non-public information about the health of TerraUSD before selling its entire $192 million UST position on May 7, 2022, hours before the stablecoin lost its peg. Powered by https://myriad.markets/markets
Crypto majors are red while HYPE steals the spotlight; BTC -0.4% at $77.1k; ETH +1% at $2,110; SOL +1%at $86; HYPE +15% at $57.40. ZEC (+13%), LIT (+13%), MNT (+7%) and WLD (+6%) led top movers. Oil -1% at $100; Gold +0.4% at $4,517. Stock futures are red with the Nasdaq down 0.6% after positive NVDA earnings but bad news out of Walmart. Fairshake went 6-0 in Tuesday’s primaries across Kentucky, Alabama, and Georgia, and the PAC’s highest-profile win was ousting Iran war critic Rep. Thomas Massie in Kentucky; Fairshake has $193M in its 2026 war chest. Trump signed an executive order Tuesday directing the Fed and federal financial regulators to review rules restricting crypto and fintech firms from accessing US payment rails and Fed master accounts. Tether bought out SoftBank’s full stake in Twenty One Capital Wednesday, taking uncontested majority control of the NYSE-listed Bitcoin treasury company; XXI holds 43,514 BTC (~$3.4B); Tether is simultaneously pursuing a three-way merger of XXI with Strike and Elektron Energy to create the most vertically integrated public Bitcoin company in existence. Powered by https://myriad.markets/markets
Crypto majors are slightly green with Hype leading; BTC +1% at $77.5k; ETH +1% at $2,130; SOL +1%at $85; HYPE +3% at $49.70. VVV (+23%), LIT (+20%), DASH (+12%) and JUP (+7%) led top movers. Oil -2.5% at $101.5; Gold -0.3% at $4,497. Stock futures are green with the Nasdaq up 0.6% ahead of NVDA earnings today. The White House teased an “imminent” update on the Strategic Bitcoin Reserve, citing progress on the legal framework. Truth Social withdrew its spot BTC ETF filing, as competition from major players like Morgan Stanley heats up. JPMorgan analysts warned that ETH and the broader altcoin market may struggle to catch up with BTC without a meaningful recovery in network activity, DeFi adoption, and real-world use cases and that ETH has been lagging since October 2025 in price and flows. TD Cowen raised its MSTR price target to $400 citing faster-than-expected Bitcoin accumulation and accretive deleveraging. Solana perp DEXs hit a record $20 billion in weekly trading volume over the past seven days, a new all-time high for the ecosystem.
Crypto majors are mostly flat with Hype leading; BTC even at $76.7k; ETH even at $2,110; SOL even at $84; HYPE +5.5% at $47.80. Ondo (+12%), INJ (+10%) and ZEC (+7%) led top movers. Oil +1% at $103.5; Gold -0.25% at $4,533. Stock futures are red with the Nasdaq down 0.6%, approaching 3 red days in a row. Citi warned Bitcoin faces greater quantum risk than Ethereum because its conservative governance makes protocol upgrades slow and difficult to coordinate. The Prime Trust bankruptcy estate filed a $970M clawback suit against Swan Bitcoin alleging Swan used inside information to withdraw 11,994 BTC before Prime’s 2023 collapse. Vitalik Buterin argued at Japan Dev Conference that AI can formally verify and audit smart contracts, turning it into a security tool rather than a threat. HIVE Digital hit its highest stock price of 2026 Monday after announcing a 125-acre Northern Ontario site for an AI gigafactory scaling to 3 gigawatts co-located with hydroelectric power.