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