Ceasefire Ends, Crypto Dumps, and Robinhood Chain Explodes
About this episode
The episode discusses the impact of geopolitical events on the crypto market and upcoming regulatory changes.
Crypto majors are red down 2-5% after the US struck Iran overnight and declared the ceasefire over; BTC -2% at $62k; ETH -2% at $1,735; SOL -5% at $77; HYPE -5% at $68. Morpho (+4%), Stable (+4%) and Uni (+3%) led top movers. Oil +5% at $74; Gold -2% at $4,060. Stock futures are also very red on the ceasefire ending news; DOW -1%, Nasdaq -1.3%. The SEC plans to introduce its long-awaited crypto rules as soon as this month, a “Regulation Crypto” proposal that would create safe harbors and exemptions shielding activities like tokenized securities and DeFi from enforcement. Trump’s Strategic Bitcoin Reserve remains a work in progress, with the White House still weighing whether the Treasury or Commerce Department has the legal authority to hold the government’s Bitcoin. India's central bank said it "leans toward prohibiting" crypto, recommending in government documents that banks and financial institutions be barred from holding, trading, or gaining exposure to crypto assets and private stablecoins to limit risk spillover. Kraken is aiming to secure a full banking license in Europe, which would let the exchange offer bank-like services across the EU. Wintermute called…
More episodes of FOMO HOUR: A Daily Crypto & Web3 News Show
- Clarity Act Odds Surge, Crypto Rallies, Robinhood Chain Surges
- Hyperliquid Opens Exclusive Prediction Market, PUMP Up 26% on the Week, Crypto Up as Oil Sells Off
- Citadel Securities Invests $400m in Crypto.com, Crypto Majors Selloff, Robinhood Rotations Continue
- Base Hands Its App to Cobie, Stripe Makes a $53B Move in Stables, Trump to Meet Today on Clarity Act
- Crypto Rips on Cool CPI, PumpFun Pumps on First Major Unlock, Cashcat DOWN 30% + World Cup Talk
- Soft CPI Sends Crypto, Robinhood Flips ETH DEX Volume + World Cup Predictions
Explore listener stats, chart rankings, contacts and more on the FOMO HOUR: A Daily Crypto & Web3 News Show podcast page.