Author: American Coins & Gold

Rune Christensen Explains Why He Wants to Remake Maker and Kill DAI
The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.

GameStop Tumbles 40% as Trading Icon Roaring Kitty Returns to Livestream
Solana-based meme token GME is down 50% from earlier Friday, but remains sharply higher for the week

Customers Bank Said to Debank Some Digital Asset Hedge Funds
The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.

U.S. Added 272K Jobs in May, Blowing Past Estimates; Bitcoin Pulls Back From 2-Month High
Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada have investors rethinking expectations about Fed policy.

U.S. Added 272K Jobs in May, Blowing Past Estimates; Unemployment Rate Rises to 4.0%
Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada have investors rethinking expectations about Fed policy.

Robinhood’s Bitstamp Deal is Strategic and Brings Added Institutional Exposure: Bernstein
The acquisition will potentially allow the trading platform to offer a wider range of crypto products to a more institutional client base, the report said.

First Mover Americas: Bitcoin Futures Positions Top Record B as Analysts Predict Bitcoin Surge to K
The latest price moves in bitcoin (BTC) and crypto markets in context for June 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Bitcoin Could Lift to K in the Coming Days, Analyst Says
The bullish forecast comes ahead of key U.S. data that is likely to influence Fed rate cut expectations.

RoaringKitty a GameStop Billionaire by Friday? Crypto Traders Are Placing 50% Odds
A new market on betting application Polymarket has seen over $120,000 placed on Keith Gill making 10 figures on his GameStop equity and options holdings.

Bitcoin Bets Hit Peak of B as ETF Inflows Set New Record
The long-short ratio is starting to tilt in favor of bulls since Wednesday, data indicates, as some traders expect bitcoin to set fresh all-time highs in the coming weeks.