FOMO HOUR: A Daily Crypto & Web3 News Show
Crypto majors fall 1-2% after recent rally; BTC -1% at $74k; ETH -2% at $2,325; SOL -3% at $83; HYPE -2% at $44. DEXE (+17%), CHZ (+4%), and ARB (+2%) led top movers. Oil -4% at $89; Gold +1% at $4,810. Robinhood’s HOOD stock jumped 15% after the SEC approved ending the Pattern Day Trader rule, which eliminates the $25K minimum equity requirement for day trading. Deutsche Börse invested $200M in Kraken for a 1.5% stake at a $13.3B valuation (down from $20B in November) as Kraken confidentially files for IPO. CowSwap suffered a front-end compromise — DeFi exchange website hijacked; users warned not to interact with the interface until confirmed safe. Fake Ledger app on the Mac App Store drained $9.5M from crypto users before being removed; Apple store security failure with real losses. The Ethereum Foundation put up $1M to back ecosystem security audits. Visa backed Stripe’s Tempo payments network as an anchor validator. JPMorgan CFO raised caution about potential regulatory arbitrage with stablecoins, arguing banks are held to stricter standards than stablecoin issuers on equivalent products.