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Crypto Dumps, Vitalik Dumps L2s, and How Much Lower Are We Heading?
Season 5 · Episode 196

Crypto Dumps, Vitalik Dumps L2s, and How Much Lower Are We Heading?

FOMO HOUR: A Daily Crypto & Web3 News Show · Decrypt Media

February 4, 202654m 6s

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Show Notes

Crypto majors are red but rebounding after a major selloff; BTC -3% at $76K; ETH -1% at $2,250; SOL -6% at $96.4; XRP -1% at ~$1.59. WLFI (+5%) led top movers. Vitalik Buterin ripped up Ethereum’s L2-focused roadmap, warning some layer-2s have compromised on decentralization and shouldn’t be “branded” as Ethereum extensions. The Epstein files revealed Jeffrey Epstein invested $500K in Blockstream’s 2014 seed round through Joi Ito’s fund and invited Adam Back to his island. Y Combinator announced startups can receive $500K seed checks in USDC on Base, Solana, or Ethereum starting this spring. Justin Sun’s alleged ex-girlfriend accused him of using employee identities to run coordinated Binance accounts that pumped TRX before dumping on retail. Standard Chartered cut its 2026 SOL target to $250 (from $310) but raised long-term forecast to $2,000 by 2030; says Solana will dominate stablecoin micropayments as it moves beyond memecoin. Cathie Wood’s Ark Invest bought $72M in crypto stocks Monday: $32.7M Robinhood, $14.6M CoreWeave, $9.4M Circle, $6.3M BitMine, $6M Bullish, $1.3M Coinbase.