Crypto Plunges, Israel strikes Iran, Gold & Oil Soar Crypto Plunges, Israel strikes Iran, Gold & Oil SoarFOMO HOUR EP378 Crypto plunges as Israel strikes Iran. $1.1bn liquidations, Wynn liquidated again. GameStop upsizes debt raise to $2.25bn, to buy BTC. 21 companies launched BTC reserve in last 30 days. Sharplink falls 70% after equity re-sale … Read more
Nasdaq-traded company from Austin, Texas, Interactive Strength, made headlines by betting big on AI tokens. It announced setting up a crypto treasury and investing $500 million in Fetch AI token (FET). The problem is that the company is far from being well, the token is far from its winter peak, and the $500 million claim … Read more
Key takeaways: Rising spot ETH ETF inflows and BlackRock’s accumulation signal strong institutional investor interest, supporting a bullish outlook. A dip to $2,100 could be a strategic entry point, bolstered by tokenized AUM surpassing $5 billion and a potential Q4 breakout driven by year-end strategies. Ether (ETH) price witnessed a volatile period this week as the altcoin … Read more
Sharplink Gaming has secured 176,271 ETH for $463 million, becoming the largest publicly traded holder of ether globally, and actively staking the majority of its position to earn network rewards. Acquisition of 176,000+ ETH Sees Sharplink Double Down on Ethereum Sharplink Gaming, Inc. (Nasdaq: SBET) has made headlines by acquiring 176,271 ETH for $462.9 million, … Read more
Avalanche (AVAX) experienced a significant price drop of nearly 14% following geopolitical tensions sparked by Israel’s strike on Iran, reflecting heightened market volatility and bearish technical trends. The broader altcoin market also faced pressure as rising oil prices and inflation concerns drove investors toward safer assets, intensifying risk-off sentiment across crypto markets. According to COINOTAG, … Read more
Statechains are an original second layer protocol originally developed by Ruben Somsen in 2018, depending on the eltoo (or LN Symmetry) proposal. In 2021 a variation of the original proposal, Mercury, was built by CommerceBlock. In 2024, a further iteration of the original Mercury scheme was built, Mercury Layer. The Statechain protocol is a bit … Read more
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Volatility is back. After rallying to $167 on June 11, SOL reversed sharply below $145 as geopolitical shocks rattled risk markets. Israeli airstrikes on Iran and the ensuing global rush to hard assets appear to be the trigger here. Oil surged. Gold … Read more
Meme coins like Dogecoin, Pepe, and Fartcoin are experiencing significant declines amid a broader crypto market sell-off intensified by geopolitical tensions. These meme tokens are underperforming major cryptocurrencies, with losses exceeding 9% in the last 24 hours, reflecting heightened market volatility and investor caution. According to COINOTAG, the odds of Fartcoin surpassing a $1.3 billion … Read more
The US Securities and Exchange Commission (SEC) has announced several new hires, including those with experience in the cryptocurrency and blockchain industry. In a Friday notice, the SEC said Jamie Selway would join as the agency’s director of trading and markets. Selway worked as the global head of institutional markets for Blockchain.com from 2018 to … Read more
Analysts believe that Bitcoin will likely rebound after a notable drop due to geopolitical tensions in the Middle East. The threat of a regional war in the Middle East is escalating, and crypto markets are feeling the pressure. On Friday, June 13, Bitcoin (BTC) dropped nearly 5% to a daily low of $102,822, as Israel’s … Read more