Crypto drifts lower, gold hits another ATH, Ethena to launch new chain

Crypto drifts lower, gold hits another ATH, Ethena to launch new chain
FOMO HOUR EP315

US spot BTC ETFs post largest inflow in 6 weeks. Long term holders bought 167k BTC in 1 month. Current cycle looking ‘more and more like 2017’. BTC cycle indicator shows ‘6-12 months’ of bear. Trump’s reserve to push BTC to $500k: StanChart. StanChart cuts ETH target by 60% on Base fees. S&P 500 now outperformed ETH since 2018. SOL pulls anti-woke advert after criticism. Coinbase advert praised. Whale short makes $9m, linked to scammer. TRX will soon be available on SOL: Sun. SEC likely to ease crypto custody rules. XRP files for ‘Ripple Custody’ trademark. Brazil may allow 50% of salaries to be paid in BTC. Ethena to launch chain with Securitize. Rumours USDe will launch on Hyperliquid. DEX volumes ATH vs CEX volumes. CRO to add $70bn ‘burned’ tokens to supply. Metaplanet buys $12.5m BTC. Canary files for SUI ETF. Bitfarms completes $175m Stronghold M&A. New remote access Trojan targets wallets. Industry is cooked trying to stop exploits: ZachXBT.

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FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.

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