FOMO HOUR: A Daily Crypto & Web3 News Show

Crypto majors are slightly red; BTC -1% at $63.8k; ETH -2% at $1,880; SOL -1% at $73.50; HYPE +3% at $54.70. Top alt movers include UNI (+7%), PUMP (+5%) and ADA (+4%). Oil +1% at $85; Gold +1% at $4,115. Stock futures are green as tech stocks and memory go higher; DOW +0.5%, Nasdaq +1.2%. Strategy booked an $8.2 billion Q2 loss as Bitcoin fell below its $75,476 cost basis, far worse than the $2.15 billion Wall Street expected, though it added 11% to its stack and said its cash reserve covers two-plus years of dividends. Cathie Wood’s Ark Invest sold BitMine while adding to Coinbase and Circle, trimming about $4.4 million across BitMine, Robinhood, Block, and Bullish after their shares fell, while recently buying roughly $43.5 million of Coinbase and Circle. Treasury Secretary Scott Bessent urged the Senate to pass the CLARITY Act, accusing Democrats of stalling for political reasons and closing his appeal by quoting Satoshi Nakamoto: “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”. The Bitcoin quantum threat inched closer as IBM claimed a “trusted quantum advantage,” a milestone that renews urgency around hardening Bitcoin’s cryptography. Elon Musk’s xAI sued Minnesota to block the US’s first AI nudification law, challenging it on free-speech grounds. Ondo Finance is weighing an acquisition worth up to $500 million, as the real-world-asset tokenization firm looks to expand through M&A. Powered by https://myriad.markets/markets 

Crypto majors are mostly flat; BTC even at $64.4k; ETH even at $1,920; SOL even at $74; HYPE -3% at $53.20. Top alt movers include INJ (+4%), NEAR (+4%) and ZEC (+3%). Oil even at $83; Gold +1% at $4,080. Stock futures are green and rebounding after a post-FOMC selloff; DOW +0.3%, Nasdaq +1.2%. The Fed held rates steady at 3.50–3.75% in a 9-3 vote, with three regional presidents dissenting for a hike, the most dissents since 2016; Warsh’s commentary was fairly hawkish and markets sold off afterwards. Coinbase heads into Thursday’s earnings with Wall Street trimming estimates, as a spot-trading slump left Q2 volume near $152 billion, well below the $178 billion expected. Morgan Stanley executives said the traditional 9-to-5 banking day is dying, arguing that stablecoins and tokenization are pushing finance toward always-on, 24/7 settlement. SEC Chair Paul Atkins said the agency is “ready, willing, and able” to write crypto market rules itself if the CLARITY Act flounders. OpenAI’s rogue AI hacked four more platforms besides Hugging Face, per a quietly updated incident post, widening a containment failure that has alarmed security researchers. Crypto scams cost Americans an estimated $80.7 billion in 2025, with crypto over half of all cybercrime losses, per a Consumer Federation of America report. Stablecoin firm Brale said a new protocol removes a major hurdle to scaling custom tokens, making it easier for businesses to issue their own branded stablecoins. Powered by https://myriad.markets/markets 

Crypto majors are green and rebounding ahead of FOMC; BTC +2% at $64.4k; ETH +2% at $1,910; SOL +1% at $74; HYPE +1% at $54.80. Top alt movers include Kaito (+9%), JUP (+8%) and UNI (+7%). Oil +4% at $83; Gold even at $4,030. Stock futures are mixed ahead of FOMC today; DOW -0.3%, Nasdaq +0.3%. BlackRock, Fidelity, and other Wall Street giants publicly backed the CLARITY Act, with BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi all urging passage, even as JPMorgan splits from the group over stablecoin-yield rules and the Senate’s window shrinks. Wall Street veteran Don Wilson said regulators are getting perps all wrong, arguing that crypto’s biggest trading innovation, perpetual futures, is being misunderstood by the CFTC and CME as they fight over onchain oversight. Ondo dropped its tokenized-asset blockchain plans in favor of a private, high-speed trading network, a notable pivot for one of the biggest names in real-world-asset tokenization. Ethereum startup EthSystems is betting privacy is the key to getting banks onchain, building tools so institutions can use public blockchains without exposing their activity. Michael Saylor called Bitcoin's code "a constitution," arguing that changes like BIP-110 are attacks on "economic rights". Morgan Stanley launched spot Ethereum and Solana ETPs under tickers MSSE and MSOL, each staking a portion of holdings and passing rewards to investors. 1inch launched its Aqua shared-liquidity layer publicly on 13 chains, letting LPs keep tokens in their own wallets while backing several positions at once, in what it calls the first “risk-controlled” DeFi liquidity venue. Russia charged Telegram founder Pavel Durov with aiding terrorism and placed him on an international wanted list, with the FSB alleging Telegram won't remove channels used to coordinate attacks inside Russia. Powered by https://myriad.markets/markets 

Crypto majors are very red amidst memory stock selloff and South Korean market slide; BTC -2% at $63.5k; ETH -4% at $1,875; SOL -4% at $73.1; HYPE -9% at $54.50. Oil -2% at $81; Gold -1% at $4,030. Stock futures are mixed as memory stocks selloff but others pump on strong earnings; DOW +0.7%, Nasdaq -0.9%. The US Senate put off the CLARITY Act for now, focusing its limited pre-recess bandwidth elsewhere, effectively confirming the crypto market-structure bill misses its August window despite weeks of last-minute negotiation. Circle bought nearly 1,000 blockchain patents from IBM, a defensive intellectual-property move to arm itself as stablecoin competition from Open USD, Visa, and Stripe intensifies. Kalshi and Polymarket won a pause against Minnesota’s prediction-market ban, a legal reprieve as the platforms keep fighting state-level challenges across the country. Fanatics bought a regulated exchange to grow its prediction-markets business, bringing the $30 billion sports-merchandise giant directly into the space alongside Kalshi and Polymarket. Kraken parent Payward acquired Magic Labs' embedded wallet business, absorbing a platform that's created over 60 million wallets since 2018, while Magic rebrands to Newton Labs to focus on its onchain-finance authorization layer. Powered by https://myriad.markets/markets 

Crypto majors are very green as oil fell 7% on Iran peace progress; BTC +1% at $65k; ETH +4% at $1,960; SOL +2% at $76.5; HYPE +2% at $59.90. PUMP (+18%), ZRO (+10%) and LIT (+10%) led top movers. Oil -7% at $83; Gold +1% at $4,100. Stock futures are very green with Oil dropping; DOW +1.1%, Nasdaq +1.5%. Crypto exchange BitMart is shutting down after nine years, with its BMX token crashing 58% on the news, the second exchange closure in a week after BitMEX. Strategy overhauled its Bitcoin metrics to show net exposure after senior claims, pegging its “Net Reserve” at $36.6 billion once $22.3 billion of preferred stock and convertible debt is stripped out, and permanently anchoring the equity-issuance threshold at 1.0x mNAV. A $5 billion cluster has formed in Bitcoin options, which analysts read as a bullish setup heading into the Fed week. A US regulator warned prediction markets against cutting corners on event contracts. Russia’s largest bank, Sberbank, plans crypto trading infrastructure by December. Institutional trading platform LMAX is exploring a sale or IPO, working with Morgan Stanley and KBW to weigh its options. Brazilian farmers tokenized dairy cows to get loans, bypassing bank lending limits, in the latest real-world tokenization use case. Powered by https://myriad.markets/markets 

Crypto majors are slightly red as interest rate hike odds rattle markets; BTC -1% at $65k; ETH -2% at $1,880; SOL -3% at $75; HYPE -1% at $58.40. INJ (+3%), ZRO (+2%) and AERO (+2%) led top movers. Oil even at $90; Gold -1% at $4,060. Stock futures are slightly green; DOW +0.4%, Nasdaq +0.1%. The CLARITY Act is expected to miss its window before the summer recess, with Majority Leader Thune saying he’d like to “at least get Clarity started” but conceding the August 7 deadline likely slips. Goldman Sachs CEO David Solomon backed the CLARITY Act despite the banking industry’s objections to its stablecoin yield rules, breaking with peers who’ve lobbied against those provisions. Brian Armstrong warned that if the Clarity Act doesn’t pass, part of Coinbase would have to move offshore. Coinbase opened AI agent payments to corporate customers, letting businesses accept money from autonomous agents. Uniswap pushed deeper into tokenized assets with permissioned trading pools, letting regulated real-world assets trade in gated venues rather than open liquidity. Powered by https://myriad.markets/markets 

Crypto majors are mostly flat despite red stocks and rising oil; BTC -0.6% at $65.6k; ETH even at $1,930; SOL even at $78; HYPE +1% at $59.40. Stable (+13%), WLFI (+12%) and ENA (+3%) led top movers. Oil +4.5% at $90; Gold -1.5% at $4,090. Stock futures are red after rough earnings calls from TSLA and Google; DOW -0.4%, Nasdaq -0.5%. Senate Republicans published a new CLARITY draft that would impose limits on Trump’s crypto empire along with other updates. Seven key Senate Democrats said the draft “falls short” on ethics, consumer protection, illicit finance, and market integrity. SEC Commissioner Hester Peirce warned that some DeFi vaults and onchain lending products may fall under securities laws, a notable caution from the agency’s most crypto-friendly commissioner. Franklin Templeton's Sandy Kaul called blockchain the next AI trade, arguing that as autonomous agents transact in fractions of a cent, card networks become uneconomical and blockchains win the machine-to-machine payment layer. BitMEX (co-founded by Arthur Hayes) announced it will permanently close on Sept 23, 2026, and has stopped accepting new users. Ethereum’s validator exit queue has fallen from a peak of 2.6M ETH to 0, while its staking queue now has 2.48M ETH and a 43-day waiting period. Powered by https://myriad.markets/markets 

Crypto majors are mostly flat, Hype sells off; BTC -0.2% at $66k; ETH even at $1,930; SOL even at $78; HYPE -6% at $58.80. JTO (+5%), GRAM (+4%) and PYTH (+3%) led top movers. Oil +3.5% at $87; Gold +1% at $4,120. Stock futures are red as oil continues to rise; DOW -0.1%, Nasdaq -0.7%. Senate Democrats balked at the Trump ethics deal, with the sticking point now who enforces the ban; Democrats want state attorneys general, while the White House insists on the US attorney general. The White House pushed Senate Democrats to accept what it called “the most comprehensive and wide-ranging ethics provision in history,” while arguing Democrats would be to blame if CLARITY stalls. Kraken is expanding xStocks into Hong Kong, the UK and South Korea, partnering with GTN for investment infrastructure. The S&P Dow Jones and Pantera launched a new Digital Asset Index focused on projects with revenue generation and fundamentals; top holdings include ETH, BNB, SOL, TRX and HYPE. Movement Labs filed for Chapter 11 bankruptcy, months after the token scandal that upended the project and after raising over $40M in private funding. Powered by https://myriad.markets/markets 

Crypto majors are green up 2-3% as ETF flows heat up; BTC +3% at $66.2k; ETH +3% at $1,930; SOL +2% at $78; HYPE +3% at $62.70. ONDO (+15%), LDO (+14%) and VVV (+10%) led top movers. Oil +1% at $84; Gold +1% at $4,064. Stock futures are green; DOW +0.3%, Nasdaq +1.2%. Former NY Governor Andrew Cuomo joined OKX's board, bringing regulatory and public-sector credentials as the exchange expands in the US on the back of ICE's $25 billion-valuation investment. Fluidstack, a builder of large-scale AI infrastructure, raised an $830M Series A at a $7.5B valuation, led by Situational Awareness, and has partnered with Bitcoin miners to repurpose their facilities for AI compute. Polymarket has referred ~100 wallets to law enforcement as it cracks down on potential inside trading. AI compute stocks bounced as Hut 8 and IREN landed billions in new contracts, easing fears about data-center demand. Powered by https://myriad.markets/markets 

Crypto majors closed the week green up 2-5%; BTC +3% at $64.6k; ETH +6% at $1,885; SOL +1% at $76.60; HYPE -7% at $60.80. PUMP (+27%), INJ (+10%) and VVV (+9%) led top movers on the week. Oil -4% at $80 after progress on Iran talks; Gold +1% at $4,024. Stock futures are green as oil sells off; DOW +0.2%, Nasdaq +0.7%. Michael Saylor called Bitcoin's BIP-110 proposal "a bad idea," arguing the anti-spam plan would set a censorship precedent and that "the proposed cure is more dangerous than the condition”. Galaxy Digital signed a 15-year naming-rights deal to rename Texas Tech’s football stadium “Galaxy Stadium,” extending crypto’s march into college sports. Project Eleven unveiled a technique to let users prove wallet ownership even after quantum computers can derive private keys. The GENIUS Act hit its one-year anniversary with regulators having missed their rule-writing deadlines, though the framework takes full effect by July 2028. Powered by https://myriad.markets/markets