Meme Coins and Macro: U.S. Credit Card Holders Most Stressed Since 2012
The percentage of credit card loans outstanding for over 90 days has increased to the highest since 2012, a signal that speculative activity may ease off.
Markets
Martin Shkreli Says He Is Behind Trump-Linked DJT as ZachXBT, GCR Start Poking Around
The relatively new token created ripples in the crypto community on X this week over its supposed existence as the “official” Donald Trump token. But it turns out one of its biggest loudmouths was behind its issuance.
Original TRUMP Token Struggles With Exchange Listings as DJT Rockets
Exchanges will list TREMP but not TRUMP, claiming the latter is “too political.”
UNI Advance Led CoinDesk 20 Gainers Last Week: CoinDesk Indices Market Update
Five cryptos in the CoinDesk 20 posted losses greater than 5% over the past week, led by ICP’ 19% decline.
MicroStrategy Is Pioneering Bitcoin Capital Markets, Bernstein Says
Michael Saylor’s firm is the only corporation that has developed institutional demand for bitcoin linked convertibles, the report said.
First Mover Americas: Crypto Majors Slide Further; SOL, DOGE Among Worst Affected
The latest price moves in bitcoin (BTC) and crypto markets in context for June 18, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
AI-Related Coins Slide as Google Search Shows Peak Retail Investor Interest
Spikes in crypto-related Google search queries have historically occurred at major market tops, validating legendary investor Warren Buffet’s mantra of buying in doom and selling in boom.
Dogecoin Bulls See $60M Liquidations in Biggest Hit Since 2021
Over $400 million in crypto longs were liquidated in the past 24 hours as major tokens slid as much as 10%.
XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles
Fairlead’s 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH.
Dogecoin, Solana Lead Crypto Majors Plunge as Bitcoin Falls Below $66K
Few catalysts to prop up markets in the near-term are likely weighing down token prices, one trader said.