Markets

image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)
GameStop Rally Sends Meme Coins Skywards; PEPE, FLOKI, MOG Surge
“Roaring Kitty is living proof that retail can mog (outperform) institutions at the highest level,” one meme coin developer said.
image of a crypto trader aka degen (Anjo Clacino/Unsplash, modified by CoinDesk)

food shopping in brown bags
Bitcoin Market Activity Suggests Looming U.S. Inflation Data May Be Non-Event
The way bitcoin options are priced suggests Wednesday's CPI report, though pivotal, may do little to disturb the calm in the crypto market.
food shopping in brown bags

DOG•GO•TO•THE•MOON Rune. (DOG•GO•TO•THE•MOON)
Bitcoin Runes Protocol Sees Traction Waning After Much-Hyped Introduction
User activity has plunged after a hyped run-up to the introduction of the Runes protocol, which was expected by some to mirror Solana’s meme coin ecosystem.
DOG•GO•TO•THE•MOON Rune. (DOG•GO•TO•THE•MOON)

Hong Kong harbor skyline view into Kowloon
Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors
Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.
Hong Kong harbor skyline view into Kowloon

GameStop sign on GameStop at 6th Avenue on March 23, 2021 in New York. (John Smith/VIEWpress)
Solana Meme Coins, GameStop Stock Rocket as 'Roaring Kitty' Returns on X
In addition to common stocks, opportunistic crypto developers issued scores of meme coins on various blockchains to capitalize on the hype.
GameStop sign on GameStop at 6th Avenue on March 23, 2021 in New York. (John Smith/VIEWpress)

Panic. (Andrey Metelev/Unsplash)
Bitcoin Below $60K Could Trigger 'Panic' Selling, Crypto Analyst Says
One trader said recent declines are likely related to miners' asset sell-offs and fears of tighter regulation of cryptocurrencies.
Panic. (Andrey Metelev/Unsplash)

Combined market cap of USDT, USDC, DAI with BTC's price and total crypto market cap. (TradingView/CoinDesk)
Stablecoin Expansion Stalls Ahead of U.S. Inflation Data
Wednesday's U.S. CPI data is expected to show the cost of living likely increased 3.4% over the year in April, a moderation from March's 3.5%.
Combined market cap of USDT, USDC, DAI with BTC's price and total crypto market cap. (TradingView/CoinDesk)

Japan (Su San Lee/Unsplash)
Metaplanet Makes Bitcoin a Reserve Asset as Japan’s Debt Mountain Grows
The announcement comes as the yen, one of the top five global reserve currencies, bears the brunt of Japan's fiscal imprudence.
Japan (Su San Lee/Unsplash)

Bitcoin's price on May 10 (CoinDesk)
Bitcoin Is in a 'Bore You to Death' Phase, but Bottom Could Be Close, Analysts Say
This period could last between one to six months, and the sentiment will be the most negative right before the turnaround, one hedge fund manager said.
Bitcoin's price on May 10 (CoinDesk)

Jack Dorsey speaks at Consensus 2018 (CoinDesk)
Jack Dorsey Says Bitcoin Price Will Go Beyond $1 Million in 2030
Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector.
Jack Dorsey speaks at Consensus 2018 (CoinDesk)