Market focus

An email newsletter sent out to Coinbase customers on May 10 caused significant backlash from the Pepe community. An email sent out to Coinbase customers describing the Pepe meme as a “hate symbol” co-opted by alt-right groups has drawn significant ire from the PEPE memecoin community. Prominent crypto influencer Borovik.eth shared a screenshot of the email newsletter…

According to a recent poll from Gallup, nearly half of Americans are concerned about the safety of their money deposited with banks. Public opinion of banks appears to be dwindling according to an April survey, as the industry struggles to contain the collapse of several high-profile financial institutions in recent months. A Gallup poll conducted across the…

While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around. As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms…

Cathie Wood thinks Bitcoin and Ether are acting as “risk-off” assets and as a “flight to safety” for investors amid macroeconomic uncertainty. Recent turmoil in the banking sector has shown that Bitcoin and Ether can withstand a shaky economy, outperform other asset classes and function like gold, says ARK Invest CEO Cathie Wood — butone long-time…

In the last 24 hours, Bitcoin’s percentage of the crypto market cap retreated by nearly 1% while Ether gained just over 1.1%. Ether prices have topped the psychological $2,000 level following the Shapella upgrade this week and the result is a decline in Bitcoin market dominance. According to data from the analysis site btctools.io Ether’s market share climbed…

The ARB airdrop followed the sell-the-news narrative, but Arbitrum’s DApp use and fundamentals remain strong and smart money continues to buy ARB tokens. The Arbitrum token airdrop led to a massive dump of ARB tokens and projects in the Arbitrum ecosystem in a “sell-the-news” type of event. However, the Ethereum Layer-2 activity remains strong, with…