fomo

Brian Hong announced that he has joined the social trading application fomo, responsible for the Asia-Pacific region. Brian Hong previously publicly identified as the head of growth for consumer blockchain Abstract in the Asia-Pacific region. He stated that many high-quality trading ideas around the world have never left the language in which they were originally written; traders in Seoul and New York can focus on the same asset for months but do not have access to each other's work. Both parties see the same prices, but the ideas behind the trades remain trapped in circles separated by language, local communities, and existing information flows.He wrote that for nearly a decade, he has been connecting products, services, and information between the East and West. Products are now easier to cross borders, but ideas are not; he feels this most acutely in the market, where some ideas with significant upside potential remain confined to a single language and community. He stated that fomo is the first product that makes him feel this situation can change, as it does not require consideration of chains or cross-chain bridges; it faces a single market where information flow shows what people are actually buying. A trade does not need translation; ideas from Seoul can reach New York on their own, with attribution remaining with the originator.Brian Hong expressed that this feeling has not faded, and he agrees with fomo's direction and development team, and will help grow a product he already uses daily. He referred to the Asia-Pacific as the most important region for this matter, but the Asia-Pacific is not a single location; the languages, cultures, and platforms differ. Most of what happens here exists in communities that are not visible to the outside world. Introducing users is only part of the work; a larger part is putting ideas that the world has yet to see onto the same map. He has opened private messages to traders, large players, creators, and chain builders in the region.

Cross-chain trading application fomo announced the appointment of Kyle, the creator of the social trading network Clicker, as the head of cooperation, focusing on promoting public chain collaboration and team tags-related business, helping to enhance activity, and enabling project teams to directly reach token holders.Kyle had previously angel invested in fomo, with his public account ranking in the top 20 of fomo's historical trading leaderboard.

On-chain analyst Nooman posted on platform X, indicating that the trend of meme coin trading platforms transitioning to perpetual contract business is accelerating. On Thursday, the number of daily active traders for FOMO and Pump.fun's perpetual contracts saw significant growth.Among them, FOMO's perpetual contract daily active traders approached 4,000, with a single-day trading volume reaching 334 million USD; Pump.fun's perpetual contract daily active traders approached 1,200, setting a historical high, with a single-day trading volume reaching 25.3 million USD.

The trading application Fomo's early investor and advisor HDF (@PaikCapital) announced joining the Fomo team as the head of perpetual contract business.HDF stated that he has been engaged in trading for ten years. The goal of joining Fomo is not only to enable everyone to trade perpetual contracts but also to build a network that can elevate the level of all traders.

The co-founder of the cryptocurrency trading app Fomo, Se Yong Park, posted on platform X stating that the current number of tokens in the market has become excessive. The team has no intention of launching new tokens but hopes to help build a future that allows the strongest communities to continue to grow and thrive.Se Yong Park had previously denied that Fomo plans to launch a Solana ecosystem token issuance platform and stated that the team has no intention of competing with Pump.fun through related products.

Cross-chain trading application Fomo recently announced the official public launch of its self-built internal cross-chain bridge (Fomo Bridge) and router. Official data shows that after integrating the self-built system, its cross-chain transaction confirmation time is less than 1 second, and the transaction execution speed is 50% faster than existing market solutions.Fomo stated that its internal router can average optimize execution prices by 0.5% and optimize the worst-performing 10% of transactions by over 2%. Currently, Fomo's cross-chain trading volume is more than 10 times that of other trading applications. As a large cross-chain trading application that possesses both a cross-chain bridge and routing system, Fomo has thus gained control over the entire trading stack, including pricing, indexing, bridging, and routing, ensuring that users can still achieve a fast and low-cost trading experience even in extreme market conditions.

According to on-chain analysis platform Lookonchain, as the market rebounds, the well-known trader Bonk Guy's portfolio has increased by over one million dollars in the past 24 hours.Currently, he ranks first on both the 24-hour leaderboard and the historical overall leaderboard on the social trading platform FOMO.

Crypto KOL Qwerty posted that he plans to take a break for a while. He mentioned that he has started to treat trading as a role-playing game, playing the role of Qwerty, and he no longer feels like himself while trading.Qwerty stated that he has emptied all public wallets and will not be active for a long time. Previously, after his call "The Bull is Coming" swept the globe, he gained significant attention, and on October 15, his "The Bull is Coming" single coin profit ranked second on the FOMO platform.

According to Decrypt, the controversial promoter Sahil Arora, who launched a series of celebrity meme coins in 2024, is back at it again. His latest issuance, the Floyd Money Mayweather token, has been launched on the Solana trading platform Fomo, and Mayweather's social media account once promoted it. The token's market cap peaked at $1 million, but then plummeted 96% within three hours on Wednesday. According to information from various social media accounts, before Mayweather's account deleted the promotional post, the deployer's wallet had only cashed out about $5,000 in profit, and the token subsequently surged to a market cap peak of $1 million.Arora told Decrypt that the entire scheme was carefully planned, and the narrative of Mayweather missing out on profits actually drove up the token price. Fomo integrates social media elements, allowing users to see who is buying and selling, making it easy to create viral spread. Arora claims to have made seven figures in profit on the Mayweather token through other wallets, but on-chain analysis firm Bubblemaps believes this is unrealistic: the largest associated wallet cluster made about $105,000 in profit, and the top 100 traders collectively made only $306,000 in profit.Arora stated that he will replicate all his operations from 2024 on Pump.fun on Fomo, but with better strategies to allow participants to profit as well. He claims to have close relationships with all collaborating celebrities, making it very easy to persuade them to participate.

According to Slow Mist's Yu Xian monitoring, phishing attacks targeting FOMO's web bookmarks are emerging.Such phishing webpages lure users into completing fake human verification, dragging malicious JavaScript code into the browser's favorites and saving it as a bookmark. After the user clicks on this bookmark 2 to 3 times, the previously logged-in FOMO account will be hijacked by the attacker, and the encrypted assets within the account will be immediately stolen.

According to a report by Arkham, a user on the Fomo platform, "scout," invested $12,700 in ZCAT five weeks ago when its market value was $127,000. This position was worth $1.65 million at its historical peak.He has cashed out $19,000 and still holds $416,800, making a profit of $422,000, with a return of about 33 times.

The founder of Pons, MEADGod, posted on platform X indicating that a social trading feature is about to be launched.Community member byTheGentleman added that this feature will be comparable to FOMO, or include real-time on-chain buying and selling dynamics, wallet tracking and instant alerts, verified profit and loss records, and trader leaderboards, as well as extending to Solana through Pump.fun.

According to Darkfost's analysis, during the recent rise of Bitcoin, Binance's BTC funds have primarily been flowing out, with an average net outflow of about 2,000 BTC per day over the past week. Among them, Binance experienced a single-day net outflow of over 13,800 BTC, setting the record for the largest single-day net outflow in 2023.In the past 4 days, the platform's BTC reserves have decreased from about 705,000 to 685,000, a reduction of approximately 20,000 BTC. Darkfost stated that the continuous outflow of BTC from exchanges usually indicates that some investors are choosing to transfer their assets to self-custody, which may correspond to a longer-term holding behavior while reducing potential selling pressure on the exchange. He believes that the recent large-scale outflow may reflect the FOMO sentiment of investors who had previously been waiting for Bitcoin to drop further.

According to Bitcoin Magazine, CoinRoutes co-founder Dave Weisberger stated in a video interview with Bitcoin Magazine that the biggest unreleased factor for Bitcoin is not ETFs or corporate hoarding, but rather collateral treatment. He pointed out that banks face a nearly 100% discount when holding Bitcoin, and once Bitcoin is treated like other assets based on volatility and liquidity, the situation for lending institutions and companies like Strategy Inc (formerly MicroStrategy) will change.Weisberger referred to this adjustment as the "final hurdle" and mentioned that both the Basel Committee and regulators believe this change is inevitable, but it has not yet been fully realized. He also discussed topics such as asset tokenization, Hyperliquid, and Federal Reserve policies, believing that Wall Street is providing support for related directions under the trend of tokenization.He further stated that the influx of ETF funds has reduced Bitcoin's volatility; every 25 basis points change in interest rates adds $100 billion to the U.S. fiscal deficit; Bitcoin still possesses asymmetric option characteristics, and the issue of "clean collateral" has not been resolved, so market FOMO sentiment has not truly begun.

Slow Mist's Yuxian posted on platform X, stating that the related application is FomoPeek, and Slow Mist has never referred to it as the FOMO App. Overseas related security KOLs and media have misrepresented this.

Malicious iOS application FomoPeek has been found to contain multiple kernel exploit modules that can bypass Apple's sandbox and access sensitive wallet data from other applications, and is linked to a theft incident involving nearly $580,000 in cryptocurrency assets. Blockchain security company SlowMist stated that the application is distributed through the Apple App Store. The company noted that the affected versions were released on September 9 and September 12, and the application contains two malicious modules that can gain higher privileges and access Keychain data and files from other applications.Version 1.3, released on September 17, has removed the related malicious components. SlowMist and the OKX security team investigated and found that the related attack framework includes 8 types of attack methods, supporting iOS versions 12 to 18.7.2 and 26 to 26.1. On-chain analysis shows that a hacker address related to the incident received approximately 580,000 USDT, and the funds were subsequently transferred through multiple addresses and services, with some flowing to FixedFloat, KuCoin, and cce.cash.

According to Bitcoin News monitoring, security researchers have found that versions 1.1 and 1.2 of FomoPeek distributed through the Apple App Store contain an iOS exploit framework that can escape the application sandbox, capable of extracting keychain data, wallet files, and mnemonic phrases. SlowMist has linked this application to multiple theft incidents and traced nearly $580,000 worth of stolen USDT flowing into a main address.Users who have installed either version should consider the keys accessible on their iPhone as compromised, generate new mnemonic phrases on a clean device, and immediately transfer their funds.

The founder of Slow Fog, Yu Xian, disclosed that following the previous FomoPeek App poisoning and theft incident, a food delivery app named ComeCome (comecome.icu) has been found to implement attacks using similar methods. FomoPeek versions v1.1-1.2 contain a malicious SDK that integrates 8 types of iOS kernel exploit schemes, which can automatically select attack methods based on device model and system version. The known affected iOS versions cover iOS 12--18.7 and 26--26.1.After a successful attack, it can break through the iOS sandbox mechanism, thereby stealing assets from cryptocurrency wallets. Yu Xian warned that such threats may also affect iPad and Mac devices, and advised users to immediately update to the latest iOS version and remain highly vigilant against apps from unknown sources.

According to monitoring and analysis by the Gate security team, the FomoPeek App contains malicious code with a high security risk, which may exploit vulnerabilities related to the iOS system to attack other apps, and has dangerous operations such as accessing the clipboard, scanning sensitive data on the phone, and obtaining login credentials. After analysis by the security team, no attack losses caused by the FomoPeek App have been found in the Gate App or among users, and the existing risk control mechanisms of Gate are operating normally.Gate reminds users to upgrade their iOS system to the latest version as soon as possible and check whether the FomoPeek App is installed on their devices. If it is installed, please uninstall it immediately and restart the phone. After completing this, it is recommended to log back into the Gate App and other important applications; if using a Web3 wallet, it is advisable to check the wallet's security status in a timely manner and transfer relevant assets if necessary to reduce potential security risks.