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. PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL PODCAST = https://podcasters.spotify.com/pod/show/fomohour LIVE SPACE = https://x.com/i/spaces/1BdxYqLmbWZxX Links: https://linktr.ee/fomohour https://twitter.com/fomohour https://www.rug.fm/ https://x.com/rugradio https://linktr.ee/rugradio Hosts: https://twitter.com/farokh https://twitter.com/rektmando https://twitter.com/tyler_did_it Myriad: https://myriad.markets https://x.com/MyriadMarkets https://www.instagram.com/myriadmarkets 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. #bitcoin #crypto #podcast.
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BTC TOUCHES $110K, ETH LEADS MAJORS, OPENAI REFUTES TOKENISED STOCK
BTC nears ATH, touches $110k. ETH leads broad crypto rally in altcoins. Committed to advancing tokenisation: SEC Chair. Institutions buying, big whales selling BTC. Addentax Group to buy $1.2b BTC. Bit Digital raises $163m to buy ETH. DFDV raises $112.5m to buy SOL. ETH ETFs could do $10b H2 inflows: Bitwise. Top banks will buy ETH for stablecoin ops: Lee. OpenAI tokens ‘not equity’, OpenAI isn’t involved. Your equity is fake: Elon to OpenAI. Rex-Osprey SOL+Staking ETF goes live. BounceBit to launch tokenised stocks in Q4. Ripple seeks US banking license. Blackrock IBIT making more fees than S&P 500 fund. Thiel launches digital bank for crypto. Belgium’s KBC Bank to launch crypto trading

MACRO, CRYPTO UNICORNS, ROBINHOOD & NYC TAKEAWAYS
XRP, DOGE lead majors with positive funding rates. BTC & ETH ETFs extend inflows streak. RexShares SOL staking ETF to go live Wednesday. SEC delays staking for Bitwise ETH ETF. Robinhood intros staking, tokenised stocks, L2 chain. Robinhood stock hits ATH on announcements. Raydium, XStocks launch tokenised stocks trading. Jupiter allows swap of SOL memecoins to stocks. ByBit, Backed collab for tokenised stocks, ETF. Centrifuge to launch tokenised S&P 500 index. Lummis calls for end to unfair taxes on crypto. Stablecoin bill could be finalised by mid-July. Connecticut bans creation of state BTC reserve. Strategy buys $532m BTC. Bitmine to turn into Strategy of ETH, stock up 7x. Circle applies for National Trust Bank license in US. Baer now Head of Product at X, also SOL advisor. Katana launches L2 after $200m deposits.

BTC RECORD MONTHLY CLOSE, TOKENISED STOCK TRADING BLOOMS, STAKING ETFS COMING
XRP, DOGE lead majors with positive funding rates. BTC & ETH ETFs extend inflows streak. RexShares SOL staking ETF to go live Wednesday. SEC delays staking for Bitwise ETH ETF. Robinhood intros staking, tokenised stocks, L2 chain. Robinhood stock hits ATH on announcements. Raydium, XStocks launch tokenised stocks trading. Jupiter allows swap of SOL memecoins to stocks. ByBit, Backed collab for tokenised stocks, ETF. Centrifuge to launch tokenised S&P 500 index. Lummis calls for end to unfair taxes on crypto. Stablecoin bill could be finalised by mid-July. Connecticut bans creation of state BTC reserve. Strategy buys $532m BTC. Bitmine to turn into Strategy of ETH, stock up 7x. Circle applies for National Trust Bank license in US. Baer now Head of Product at X, also SOL advisor. Katana launches L2 after $200m deposits.