Bitcoin Falls Below $67K as MSTR Plummets, The Saylor Fallout Continues, Alts Still Pumping
About this episode
The episode discusses the recent decline in major cryptocurrencies and highlights various market movements and partnerships in the crypto space.
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…
More episodes of FOMO HOUR: A Daily Crypto & Web3 News Show
- Massive ZCash Exploit Found by Claude, Extent Unknown, Markets Did NOT Like It, BTC Steady at $62.5K
- Crypto Crashes, New Lows in Sight, Bitcoin at $62k, Arthur Hayes Sells His HYPE & NEAR
- Bitcoin’s Saylor Problem, Hype Breaks Out, and Alts Are Going Big
- BTC Under 70K After Saylor Sells, Polymarket’s 'Strategy Sell' Drama, NEAR Up 15% on Day
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