Morning Minute: Fomo's $75M Raise Shows Big VCs Are Still Betting on Consumer Crypto

60-second summary

Fomo, a consumer-focused crypto startup, raises $75 million from prominent venture capitalists, signaling big investors' continued confidence in consumer crypto despite broader market volatility. Meanwhile, major cryptos like Bitcoin are experiencing sell-offs as tech stocks decline, while MicroStrategy's Saylor is reportedly stockpiling cash and ETH heavyweights collaborate with ETHLabs to fund R&D.