
About this episode
In this podcast episode, the hosts discussed the recent crisis involving Silicon Valley Bank (SBV), which is responsible for funding over 40% of tech startups and invested in mortgage-backed securities. As a result, the macro economy is in shambles, and crypto has been crushed, with BTC and ETH down 10% and alts down around 20%. The hosts discussed the crisis and the potential implications for the banking sector and crypto.
The hosts also discussed recent data points and predictions of volatility and shifts in the market, as well as the strength of crypto in this situation. They highlighted the appeal of crypto as an option for investors who are considering pulling their money out of SBV and other banks.
Kevin Owocki discussed his work as founder of Gitcoin, which aims to fund public goods and support developers in creating software. He highlighted the importance of credible neutrality in fair funding and described the mechanisms for democratically funding public goods, including quadratic funding. He also discussed his new project, Supermodular xyz, which aims to cultivate a more regenerative digital frontier and make positive contributions to the world.
We ended on a positive note despite the grim climate, with a call to action to work together to create long-term positive outcomes and build a better world.
Kevin Owocki on @ 38:30
GM
Hosted on Acast. See acast.com/privacy for more information.
Get every episode summarized
Each time FOMO HOUR publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from FOMO HOUR

Bitcoin Falls After Powell's Final FOMC, No Rate Cuts Expected Soon, MEGA Token’...
FOMO HOUR

Pump Fun Burns $370M in Pump Tokens, Polymarket Pushing to Enter US, Guest: Cold...
FOMO HOUR

The 2026 NFT Comeback, Macro's Big Week, MegaETH Airdrop News
FOMO HOUR

White House Tease Strategic BTC Reserve Update, Gemini AI Agent Trading, Fidelit...
FOMO HOUR