Crypto Falls Ahead of FOMC, FOMO App Hits All Time Highs, FWA Interview with Rhynotic

Crypto majors are very red amidst memory stock selloff and South Korean market slide; BTC -2% at $63.5k; ETH -4% at $1,875; SOL -4% at $73.1; HYPE -9% at $54.50. Oil -2% at $81; Gold -1% at $4,030. Stock futures are mixed as memory stocks selloff but others pump on strong earnings; DOW +0.7%, Nasdaq -0.9%. The US Senate put off the CLARITY Act for now, focusing its limited pre-recess bandwidth elsewhere, effectively confirming the crypto market-structure bill misses its August window despite weeks of last-minute negotiation. Circle bought nearly 1,000 blockchain patents from IBM, a defensive intellectual-property move to arm itself as stablecoin competition from Open USD, Visa, and Stripe intensifies. Kalshi and Polymarket won a pause against Minnesota’s prediction-market ban, a legal reprieve as the platforms keep fighting state-level challenges across the country. Fanatics bought a regulated exchange to grow its prediction-markets business, bringing the $30 billion sports-merchandise giant directly into the space alongside Kalshi and Polymarket. Kraken parent Payward acquired Magic Labs' embedded wallet business, absorbing a platform that's created over 60 million wallets since 2018, while Magic rebrands to Newton Labs to focus on its onchain-finance authorization layer. Powered by https://myriad.markets/markets