On today's FOMO Hour, hosts Farokh and TylerD break down a broad market rally after Democrats swept the US midterms, with Bitcoin back above $80,000, Ethereum up around 7%, and Zcash leading the majors. They discuss what a Democratic Congress could mean for crypto, including Elizabeth Warren as likely Senate Banking chair, oversight of the SEC and CFTC, and fresh hope for the Clarity Act.
The hosts cover Circle's Q3 revenue of $855 million, Tether CEO Paolo Ardoino saying Tether holds about 150,000 BTC, and a Cboe- and Citadel-backed lawsuit seeking to stop the CFTC's approval of US equity perpetuals, plus what it means for Hyperliquid's HYPE and Lighter.
Onchain, they look at Robinhood Chain's builder grants with Arbitrum, Orbio's private inference launch challenging Venice AI, and signs that trading volumes may be nearing a bottom.
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