FOMO HOUR: A Daily Crypto & Web3 News Show
Crypto majors are red as oil concerns rise; BTC -1% at $77.4k; ETH -3% at $2,320; SOL -3% at $85; HYPE even at $40.80. Stable (+15%), DEXE (+5%), and JST (+2%) led top movers. Oil +4% at $94; Gold -1% at $4,700. Stock futures are red after making another new ATH yesterday. GSR launched the first actively managed multi-asset crypto ETF in the US on Wednesday, the GSR Crypto Core3 ETF (BESO) on Nasdaq, offering exposure to Bitcoin, Ethereum, and Solana with weekly rebalancing and staking rewards on ETH and SOL holdings. Russia’s State Duma passed the first reading of its long-awaited crypto bill Wednesday, recognizing cryptocurrency as property and permitting its use in foreign trade settlements, explicitly as a mechanism to bypass Western sanctions; domestic use of crypto for payments remains banned, with the ruble staying the sole legal tender inside Russia. Robinhood Ventures Fund I (NYSE: RVI) closed a $75 million investment in OpenAI common stock on April 17, making it one of the fund’s largest positions to date. OpenAI launched workspace agents in ChatGPT Wednesday, replacing custom GPTs with a more powerful team-oriented successor powered by Codex; workspace agents can handle complex, long-running tasks like preparing reports, writing code, and responding to messages, while operating within organization-set permissions and role-based access controls.