BTC Under 70K After Saylor Sells, Polymarket’s 'Strategy Sell' Drama, NEAR Up 15% on Day

About this episode

The episode discusses the recent decline in Bitcoin's price, notable market movements, and significant developments in the crypto space including Telegram's rebranding and proposed crypto ETF legislation in Japan.

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…

Topics covered

• Bitcoin price drop
• crypto market analysis
• Telegram rebranding
• crypto futures trading
• DeFi liquidation
• crypto ETF legalization

Keywords

• Bitcoin
• Ethereum
• Telegram
• crypto futures
• DeFi
• crypto ETF
• Vitalik
• Charles Schwab
• SpaceX
• Japan

Mentioned in this episode

Organizations: Telegram, Charles Schwab, SpaceX, Vitalik, Japan’s ruling Liberal Democratic Party

Products: Toncoin, GRAM, crypto futures, crypto options, Ethereum, crypto ETF

Places: Japan

More episodes of FOMO HOUR: A Daily Crypto & Web3 News Show

• Citadel Cautions AI trades pre SpaceX IPO, Tethers $1.4B round into humanoid robotics · June 11, 2026 · 1h 4m
• War News & Mythos Release Cause Crypto Drop, Markets Sell Off Ahead of CPI + 9gag CEO Interview · June 10, 2026 · 1h 9m
• Is SpaceX IPO a market top, AI Trade is overheated, Saylor is back buying BTC · June 9, 2026 · 58 min
• SBF Asks Trump for a Pardon, Citrini Calls Hyperliquid a Buy, Saylor Buys $100M of BTC · June 9, 2026 · 1h 5m
• Bitcoin Recovers After Fall Below $60K, Jobs Data is Good, Saylor is BUYING Bitcoin · June 8, 2026 · 57 min
• Massive ZCash Exploit Found by Claude, Extent Unknown, Markets Did NOT Like It, BTC Steady at $62.5K · June 5, 2026 · 55 min