Crypto Falls after Hack, SOL underperforms, Sonic & Berachain heat up

Crypto Falls after Hack, SOL underperforms, Sonic & Berachain heat up FOMO HOUR EP299 Crypto falls after macro-sell off and huge hack. North Korea’s Lazarus behind $1.4bn Bybit hack. Hack caused by musking attack of Safe website. Bybit’s ETH reserve’s restored after loans & buyback. Bybit offers 10% reward for returned funds. Large amounts of hacked funds already blocked. Safe moves to increase security following hack. Hacker now has more ETH than ETH Foundation. 0xInfini hacked for $50m. Calls for ETH rollback broadly dismissed. SOLBTC falls to lowest level since Dec 2023. Franklin Templeton file for SOL ETF. Binance sells large blocks of SOL via Wintermute. Berachain & Sonic lead weekly inflows. BERA passes ARB & Base in TVL. Ethena raises $100m for tradfi push. Babylon TGE likely near. ARB votes to invest 7.5k ETH in non-ARB protocols. Montana votes against BTC reserve. El Salvador set to stop BTC purchases. Strategy set to buy $2bn more BTC. Hong Kong Asia Holdings set to buy more BTC. Arkham spot trading goes live in many states. Monad testnet launches at 10k TPS. 00:00:00 Market Turbulence and Recent Crypto Developments 00:02:52 Market Analysis and Recent Cryptocurrency Performance 00:06:03 Rising Volatility and Market Concerns 00:09:35 Market Fear Resurgence and Stock Stability 00:12:42 Impact of Microsoft's Data Center Leases on AI Future 00:15:55 Bitcoin Dominance and Market Trends 00:19:03 The Rise and Fall of Solana: A Crypto Rollercoaster 00:22:01 Market Analysis: Solana's Performance and Crypto Selloff 00:25:02 Market Dynamics in the Crypto World 00:28:15 AI-driven Sports Betting Success: Introducing Billy Betts 00:31:16 Building Social Layers on Existing Platforms 00:33:42 Current State of DeFi and Emerging Trends 00:36:50 Understanding the Multi-Month Altcoin Chop 00:39:28 Cryptocurrency Market Pain Points 00:42:08 Excitement in the Crypto Market 00:45:15 Kanye West's Twitter Saga and Speculated Coin 00:48:18 Ethereum Funds Recovery and Market Outlook PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL PODCAST = https://podcasters.spotify.com/pod/show/fomohour LIVE SPACE = https://x.com/i/spaces/1yoKMobDlznJQ Links: https://linktr.ee/fomohour https://twitter.com/fomohour https://www.rug.fm/ https://x.com/rugradio https://linktr.ee/rugradio Hosts: https://twitter.com/farokh https://twitter.com/rektmando https://twitter.com/tyler_did_it Myriad: https://myriad.markets https://x.com/MyriadMarkets https://www.instagram.com/myriadmarkets FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X. #bitcoin #crypto #podcast