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Memecoins GME, Roaring Kitty spike even as GameStop's stock tumbles back to earth
Memecoins GME, Roaring Kitty spike even as GameStop's stock tumbles back to earth

GameStop-themed memecoins GME and Roaring Kitty spiked 10% and 42%, respectively, in the past 24 hours. In the same period, GameStop’s stock fell around 20% to $22.22 per share. The firm posted net sale losses in first-quarter preliminary results on Friday.

The Block·2024/05/17 21:58
Spot bitcoin ETF inflows in May have made up for April outflows: analyst
Spot bitcoin ETF inflows in May have made up for April outflows: analyst

May spot bitcoin ETF inflows have already made up for April’s negative outflows, notes senior ETF analyst Eric Balchunas.The last two months exhibit why traders shouldn’t get “emotional” over inflows and outflows; it’s a “part of ETF life,” he adds.

The Block·2024/05/17 19:43
ZkSync teases v24 upgrade, fueling airdrop rumors
ZkSync teases v24 upgrade, fueling airdrop rumors

Zksync said Friday in an X post that it would soon roll out its v24 upgrade, as it aims to further decentralize its protocol this summer. The announcement fueled rumors that an airdrop from the Layer 2 solution could come as early as June.

The Block·2024/05/17 17:28
Macro continues to be a key driver for crypto: Coinbase
Macro continues to be a key driver for crypto: Coinbase

The macro environment remains a key driver for crypto performance, evidenced by the rebound in bitcoin prices after April’s softer CPI print, a Coinbase report said.

The Block·2024/05/17 15:31
Bitcoin preps 'golden cross' which last sparked 170% BTC price gains
Bitcoin preps 'golden cross' which last sparked 170% BTC price gains

Bitcoin is dishing out the bull signals on lower timeframes, but can BTC price action overcome key resistance?

Cointelegraph·2024/05/17 15:16
Coinbase says market 'underestimating' timing and odds of spot Ethereum ETF approval
Coinbase says market 'underestimating' timing and odds of spot Ethereum ETF approval

Coinbase analyst David Han said the market may be “underestimating” the timing and odds of a potential spot Ethereum ETF approval.The mismatch leaves room for “surprises to the upside,” with no major sources of supply-side overhangs, he added.

The Block·2024/05/17 13:43
Flash
19:01
Morgan Stanley: Whether the US dollar rally can continue depends on the Federal Reserve's interest rate path
Jinse Finance reported that on June 9, Morgan Stanley strategists David Adams, Andrew Watrous, and Molly Nickolin wrote in a report on Monday that the outlook for the Federal Reserve will determine the next phase of the US dollar’s movement. If the Federal Reserve does not raise interest rates, the rally of the US dollar is likely overdone.
18:54
Vale CEO: Despite the outbreak of war in the Middle East, metal demand remains strong
Vale is currently focusing on revitalizing and developing its own assets rather than seeking external acquisitions. The global demand for critical minerals has always been "highly constructive" (very favorable) for this Brazilian mining giant. Its outlook for the full year is "very optimistic." The resumption of operations at the Oman pellet plant complex will have to wait until the conflict subsides. (Bloomberg Television)
18:51
On Monday (June 8), at the close of trading in New York, the Bloomberg Grains Subindex rose by 0.22%, closing at 29.4516 points.
CBOT corn futures fell 0.22%, while CBOT wheat futures rose 0.30%. CBOT soybean futures fell 0.42% to $11.1675 per bushel, soybean meal futures dropped 0.61%, and soybean oil futures increased 0.77%. CBOT lean hog futures fell 1.52%, live cattle futures dropped 2.20%, and feeder cattle futures declined 1.03%.
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