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Binance Hack Aftermath
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On today's FOMO Hour, hosts Farokh and TylerD look at the Binance hack aftermath. Total impact reached about $6.3 billion, Tether and Circle froze roughly $2.3 billion between them, and around $3.64 billion flowed out once withdrawals reopened. The FBI and Secret Service are now involved, with Binance preparing a proof-of-reserves report. The hosts also cover a $40 million hack at Brazil's largest crypto exchange, Polymarket odds ahead of the US midterms, and 50 of 62 companies, including Nvidia and Micron, objecting to tokenized share trading. They also discuss Anthropic's $17 billion Q3 revenue ahead of its IPO, Strategy's Stretch and Bitcoin buys, HYPE, Pepe and NEAR price action, weak on-chain revenue at Pump and Hyperliquid, and the viral Anakin meme coin.
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50:23|On today's FOMO Hour, hosts Farokh and TylerD unpack a sharp reversal across crypto and stocks as an AI and memory-chip selloff hit the Nasdaq, with SanDisk, Micron, Nvidia, Tesla and SpaceX sliding. Bitcoin dropped from above $80,000 to around $76,000, while Ethereum, Solana, HYPE and Zcash also fell.They discuss Eleanor Terrett's report that House Democrats are weighing a Clarity Act compromise with a bigger SEC role and new ethics rules, plus Jon Ossoff's crypto record as an early favorite for 2028 on prediction markets.Onchain, the hosts cover the Robinhood Chain sell-off despite CEO Vlad Tenev's backing, Pump.fun's trading-terminal market share and rising perps volume, Padre's new lobbies feature, and Ansem's return to the trenches.
FOMO HOUR - Crypto Soars as Dems Sweep Midterms
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Quantum-Proof Cold Storage and Stock Tokens
55:36|On today's FOMO Hour, hosts Farokh and TylerD cover the fallout from the Binance hack, with Bitcoin, Ethereum, BNB and Solana falling and Aave freezing its V3 and V4 markets after an attacker used its pools. Zcash and Pepe held up better.The rundown also covers a Polymarket exploit tied to a third-party front-end extension, Coinbase's earnings beat and share drop, an $11 billion Bitcoin options expiry, a Trezor reseller warning, a four-year low in the Coinbase premium, and a public exchange between Elon Musk and CZ.In the second half, guest SimpleFarmer explains quantum-resistant cold storage, Robinhood Chain's growing support for builders, pushback from companies on tokenized stocks, and his project's upcoming solo vaults, which issue tokenized options contracts.
Hyperliquid Joins Wall Street
56:56|On today's FOMO Hour, hosts Farokh and TylerD react to Hyperliquid's partnership with the New York Stock Exchange, which sent HYPE up about 15% on a flat day for majors. The hosts also discuss Bitcoin's range around $80,000, Pump.fun's revenue relative to Hyperliquid, and new Robinhood Chain asset listings.Guest Eric Conner (Econoar), an early Ethereum builder and co-author of EIP-1559, argues that 24/7 stock trading on blockchains is inevitable and that Hyperliquid and Lighter will both play a role as perpetual futures come to the US.He also explains why meme stocks on Robinhood Chain, such as the Hims & Hers-linked BONER, have brought free on-chain liquidity to tokenized stocks, and addresses pushback from companies like McDonald's and AMC. The episode closes with a look at the US midterms and the broader market outlook.