AI Selloff Drags Crypto Lower

Decrypt1 day ago52:08

AI Selloff Drags Crypto Lower - Bitcoin Slides Toward $76K, Dems Float a Clarity Act Compromise and Robinhood Chain Sinks 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.

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