FOMO HOUR - Crypto Soars as Dems Sweep Midterms

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. A next-generation media company capturing the most compelling narratives in emerging technology. Decrypt was founded in 2018 with a simple mission: to demystify the decentralized web. As the crypto industry’s impact has grown, so has our coverage. Today, we exist to capture compelling narratives that span technology’s reach into every facet of life. We’re passionate about the interplay between technology and culture. This dynamic space is filled with untold stories. We’re here to tell them and create a few of our own. Our mission is to inform readers about current events, educate them about emerging technology, and empower those with a creative vision to bring it to life. Hosted on Acast. See acast.com/privacy for more information.