FOMO HOUR: A Daily Crypto & Web3 News Show
Crypto majors are slightly green after yesterday’s dip; BTC +1% at $67.4K; ETH even at $1,950; SOL +3% at $84; XRP -1% at $1.40. KITE (+18%), Morpho (+10%) and Stable (+9%) led top movers. Bitcoin RSI fell below 30, historically a level that has preceded rebounds. The CME Group announced 24/7 crypto derivatives trading starting May 29, pending regulatory review. The White House pushed the banks on stablecoin yield, telling bankers that limited activity-based stablecoin rewards would remain in the next draft of the Clarity Act. Senator Warren spoke out against using taxpayer money to bail out Bitcoin and crypto firms. Russia is planning to block citizens from trading crypto on overseas exchanges, with experts saying enforcement is the key open question. Eric Trump reaffirmed his $1M Bitcoin prediction, citing long-term demand and a weaker dollar as key drivers. Blockfills is seeking a buyer after reporting $75 million in losses.