Last week, a prominent figure in the Ethereum research community posted a shocking statement suggesting that AI could break ECDSA, a public-key cryptographic algorithm the entire industry relies on, within months.
Even if that happens, crypto would be the least of your concerns. The same elliptic-curve cryptography secures almost every HTTPS connection, bank logins, and end-to-end encrypted messaging apps, meaning the threat would extend to basically all of the internet.
I think everyone knows this, so for the most part, prices remained the same. There were, of course, coins that saw explosive inflows, including one where a trader is up $1 million. Read on to find out which coins those were.
On a more positive note, we’re glad to report that, in just over a month since launch, fomo has handsomely rewarded those who bring value to the social graph, distributing nearly $20 million in creator rewards.
Meanwhile, after processing more than $3 billion in perp volume over the past 30 days, fomo took the no. 1 spot in the Hyperliquid builder code ranking.
The market charges tuition, and it isn’t cheap. Every lesson comes with a price tag paid in losses. The in the trenches weekly podcast offers a stipend, letting you learn from people who've already paid it.
A new AI race is rapidly emerging, and Microsoft (MSFT) just entered it with a bang.
Following the release of Jev, the decision model from TypeSafe, multiple companies have jumped on the bandwagon and released their own versions, including OpenAI, Cloudflare, AWS, Perplexity, and, most recently, Microsoft with its Decision-1 model.
The model ranked first in Microsoft's own comparison across 36 benchmarks and nearly 150,000 questions, delivering the highest accuracy and speed among all competitors.
Whether that holds true in the real world remains to be seen, but there is no doubt that the decision model race is one to watch, especially after TypeSafe just raised $870 million at a $7.5 billion valuation.
Disclaimer: Perpetuals ("Perps") are provided by third-party protocols and are not available to US Persons (citizens, residents, or anyone located in the US). Do not attempt to access perps from within the United States.
Having been in crypto since 2017, @ThePumponomics had stepped away from the industry at one point, preferring AI, quantum, and space stocks. That all changed once he spotted a bullish divergence between Bitcoin and the S&P 500.
He’s currently undertaking a road-to-$35-million challenge, with his portfolio now standing at $14.8m, thanks to his $12 million ZCASH position.
The position has more than doubled since he put his entire $5 million cash balance into the coin at around $600, and he has kept it open until this day.
Since then, he’s added another $2 million to his crypto portfolio and moved those funds over to fomo.
The trader came into the spotlight once people noticed his STRK position, which, as of today, is up over $1 million.
But it’s not all sunshine and rainbows. Taken from a post on X, the trader reflects on his recent small cap trading stretch:
“My buy timing was really bad overall. if i'd shown up a week or two earlier i'd probably be sitting on a bunch of profit, but i was late locally and playing aggressive at the same time.”
With this lesson under his belt, he took to trading what he knows best: large caps. And it was the right call, as his STRK position has pushed his fomo portfolio to as high as $4 million.
Follow @ThePumponomics to see to see which trade he’s going for next.
What do you trade on fomo?
Although volumes and overall activity have subsided considerably, top trades of the week still managed to crack 6 figures.
Trade of the week goes to @JamJam0407, with a 14x return on Bankroll. After entering at just half a million in market cap and riding it to $6 million+, this trade has earned him nearly $160,000.
Close behind, we have @sheepamongwolves, who has made a $128,000 profit from Claudia. With an entry below $1 million market cap, he’s now up 17x on his $7,900 investment.
@Clark10x closes out last week’s top trade leaderboard with a $121,240 profit on Claudia as well. Well played, gentlemen.
Naturally, the top trade ranks will flip around as the week progresses. If you wish to stay on track, download fomo and keep your eyes peeled 👀
This week’s Major Coins section includes a reminder that fomo isn't just for trading small caps.
STRK
In a world where elliptic-curve cryptography is rendered obsolete, most chains would go to zero. Except for Starknet. At least that’s what the chart tells us.
Regardless of what you think will happen, Starknet is one of the few ways to gain liquid exposure to that world, so people flocked to it, doubling the market cap of STRK from $500 million to $1 billion in just a few days.
NEAR
NEAR appears to be the dark horse of this cycle, riding two narratives simultaneously: AI infrastructure and privacy.
Although certainly not as dopamine-inducing as small caps, NEAR has quietly doubled its market cap since September 16, rising from $3 billion to nearly $7 billion today.
Keep track of the majors in the “most held” section directly inside the fomo app.
CLAUS
CLAUS is an autonomous agent that lives in an upgradeable Uniswap v4 hook, where it can add, combine, or rip out mechanics on the same token, same address, while you keep holding.
The trenches immediately noticed the novelty and sent the coin up by more than 40,000%.
WangChai
If Doge is the English dog, WangChai is the Chinese dog. That’s the whole thesis.
The coin has steadily climbed over the last few weeks, rising from around $500,000 on September 23 to a market cap of around $15 million today.
A 30x move in a little over two weeks. Congrats to all holders!
As always, the top trending picks will rotate, so make sure you keep monitoring the fomo trending coins tab!
Not on fomo yet? Deposit with Apple Pay and start trading crypto, stocks, commodities, indices, and FX, all in the same app. One balance across every chain; no bridging, no gas fees, no headaches.
PLUS, you can see exactly what the best traders on the platform are holding.
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Until next week!
