FOMO HOUR - AI Selloff Drags Crypto Lower

On today's FOMO Hour, hosts Farokh and TylerD are joined by Ava Labs chief business officer John Nahas and Kinetiq co-founder Omnia. Bitcoin fell 3.5% to $68,800, its 200-week average, while Ethereum dropped to about $1,940, Solana slipped toward $80 and Nvidia extended its slide.The hosts cover $48 million in Bitcoin ETF outflows, $1.6 billion in liquidations, OpenAI's ChatGPT wallet, a Justice Department move to seize $1.2 billion from the Binance hack, and Binance's replenished reserves.Nahas explains that NYSE is building a 24/7 platform for trading, clearing and settling tokenized equities, with Avalanche as its core ledger. Omnia says Elysium, Kinetiq's Layer 2 for Hyperliquid, went live on mainnet this week and will add features in four to six weeks that let apps read Hyperliquid prices on-chain.A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.

On today's FOMO Hour, hosts Farokh and TylerD are joined by the Wizard of Soho after Jensen Huang resigned as Nvidia CEO. Bitcoin fell 3% to a new local low near $71,300, Ethereum slipped to about $1,997, and Solana, HYPE and Zcash also declined, while Nvidia reversed higher.The hosts cover MSCI's plan to remove Strategy, Metaplanet and other digital asset treasury firms from its index on November 30, sending Strategy down 7%. They also note another $300 million in Bitcoin ETF outflows and back-to-back hot CPI prints.Headlines include Deutsche Bank launching institutional crypto custody for European clients and a restructuring at Polymarket. In the trenches, they discuss Ansem's Ni Hao meme coin and a Grand Theft Auto-themed meta ahead of the game's November 19 release.A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.

On today's FOMO Hour, hosts Farokh and TylerD are joined by Mando and Phoenix's Kabir, with Bitcoin near $74,000, Ethereum near $2,050, and Zcash down 16%. Mando explains why he turned bearish after Bitcoin broke below $80,000, and discusses his positions in Monero and Micron.Headlines include Bitcoin Core's disclosure of three already-patched exploits and 21 banks led by Goldman Sachs and Citi committing $270 million to a stablecoin issuer. The hosts also look at Anthropic's pre-IPO market rising 8% on Hyperliquid.Decrypt launched perpetual futures through Phoenix, a Solana onchain order book with more than 100 markets, including equities and FX. In the trenches, Ni Hao Cat jumped about 30 times after Ansem bought and promoted itA next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.

On FOMO Hour, hosts Farokh and TylerD break down a red but rebounding crypto market after a hot CPI print pushed Bitcoin to $73,600 and lifted odds of a December rate hike to 85%. They cover heavy Bitcoin and Ethereum ETF outflows, Bitcoin sales by miners Mara and Riot, and continued buying from Strategy.The hosts debate the gloomy mood on Crypto Twitter, Vitalik Buterin's push to frame ETH as a store of value, a discrimination lawsuit against the Ethereum Foundation, and Anthropic's planned $1 trillion IPO.In headlines, the New York Stock Exchange picked Avalanche for its tokenized securities platform, Coinbase won a national trust charter from the OCC, and X cashtags now link to FOMO for meme coin trading.A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.

On today's FOMO Hour, hosts Farokh and TylerD frame Friday's slide as an AI-led stock selloff spilling into crypto. Bitcoin briefly lost $75,000 before reclaiming it, with about $1 billion liquidated, while a strong jobs report pushed the dollar toward year highs.The hosts look at relative strength in Zcash after its NU7 upgrade, Monero, Pepe and Lighter, plus Solana Labs' Leap app, ETF outflows, and House oversight targeting World Liberty Financial.They also unpack Robinhood CEO Vlad Tenev's AMA on Robinhood Chain amid weak token prices, Pump.fun's perps push and new Diamond mode, and midterm politics, including 2028 odds for JD Vance and Jon Ossoff.A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.

On today's FOMO Hour, hosts Farokh and TylerD unpack a sharp reversal across crypto and stocks as an AI and memory-chip selloff hit the Nasdaq, with SanDisk, Micron, Nvidia, Tesla and SpaceX sliding. Bitcoin dropped from above $80,000 to around $76,000, while Ethereum, Solana, HYPE and Zcash also fell.They discuss Eleanor Terrett's report that House Democrats are weighing a Clarity Act compromise with a bigger SEC role and new ethics rules, plus Jon Ossoff's crypto record as an early favorite for 2028 on prediction markets.Onchain, the hosts cover the Robinhood Chain sell-off despite CEO Vlad Tenev's backing, Pump.fun's trading-terminal market share and rising perps volume, Padre's new lobbies feature, and Ansem's return to the trenches.A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.

On today's FOMO Hour, hosts Farokh and TylerD break down a broad market rally after Democrats swept the US midterms, with Bitcoin back above $80,000, Ethereum up around 7%, and Zcash leading the majors. They discuss what a Democratic Congress could mean for crypto, including Elizabeth Warren as likely Senate Banking chair, oversight of the SEC and CFTC, and fresh hope for the Clarity Act.The hosts cover Circle's Q3 revenue of $855 million, Tether CEO Paolo Ardoino saying Tether holds about 150,000 BTC, and a Cboe- and Citadel-backed lawsuit seeking to stop the CFTC's approval of US equity perpetuals, plus what it means for Hyperliquid's HYPE and Lighter.Onchain, they look at Robinhood Chain's builder grants with Arbitrum, Orbio's private inference launch challenging Venice AI, and signs that trading volumes may be nearing a bottom.A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.

On today's FOMO Hour, hosts Farokh and TylerD break down the CFTC's approval of US equity perpetual futures, which can go live on registered exchanges as soon as today, and what it could mean for Coinbase, Hyperliquid's HYPE and Lighter.They also cover new details on the Binance hack: a wallet DevOps engineer installed tampered Homebrew software from a Google ad during a fake job interview, in an attack the hosts put at $6.6 billion. North Korea has denied involvement, while Tom Lee called the hack bullish.The hosts also discuss $399 million in Bitcoin ETF outflows, Strategy's 811 Bitcoin purchase, the halt at Brazilian exchange Mercado Bitcoin, Zcash, Monero, Pepe, NEAR's vote to cut issuance, midterm odds, the Fairshake PAC, and Apple's 4% after-hours drop.A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.

On today's FOMO Hour, hosts Farokh and TylerD look at the Binance hack aftermath. Total impact reached about $6.3 billion, Tether and Circle froze roughly $2.3 billion between them, and around $3.64 billion flowed out once withdrawals reopened. The FBI and Secret Service are now involved, with Binance preparing a proof-of-reserves report. The hosts also cover a $40 million hack at Brazil's largest crypto exchange, Polymarket odds ahead of the US midterms, and 50 of 62 companies, including Nvidia and Micron, objecting to tokenized share trading. They also discuss Anthropic's $17 billion Q3 revenue ahead of its IPO, Strategy's Stretch and Bitcoin buys, HYPE, Pepe and NEAR price action, weak on-chain revenue at Pump and Hyperliquid, and the viral Anakin meme coin.A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.

On today's FOMO Hour, hosts Farokh and TylerD cover the fallout from the Binance hack, with Bitcoin, Ethereum, BNB and Solana falling and Aave freezing its V3 and V4 markets after an attacker used its pools. Zcash and Pepe held up better.The rundown also covers a Polymarket exploit tied to a third-party front-end extension, Coinbase's earnings beat and share drop, an $11 billion Bitcoin options expiry, a Trezor reseller warning, a four-year low in the Coinbase premium, and a public exchange between Elon Musk and CZ.In the second half, guest SimpleFarmer explains quantum-resistant cold storage, Robinhood Chain's growing support for builders, pushback from companies on tokenized stocks, and his project's upcoming solo vaults, which issue tokenized options contracts.A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.