Welcome to "The State of Crypto" for Wednesday, May 15th. Here's what's on today's episode:
- Meme season is soaring in the crypto world with memecoins grabbing investor attention. Highlighting the frenzy, $KITTY has skyrocketed by 12,000%, linked to the internet personality Roaring Kitty (Keith Gill).
- Rumors abound as Keith Gill, renowned for the GameStop stock surge, returns to the internet spotlight, sparking speculation and spikes in related memecoins. Some even believe he might have sold his account recently.
- Fed Chair Clayton raises legal concerns about the stock market activities resembling the memecoin craze, while supporters are diving into Solana memecoins related to various stocks.
- U.S. CPI numbers for April indicate a slight easing in inflation, with some categories still seeing significant price increases. Optimistically, experts believe half of the bull market is complete with more gains potentially ahead.
- Harpie is tackling crypto theft with cutting-edge security tools designed to monitor, protect, and recover stolen assets in real-time.
- Quick updates: Stryke partners with PancakeSwap and SushiSwap, Bitcoin’s active addresses hit a 3-year low due to high transaction fees, and Liquity introduces V2 with BOLD, a borrower-set interest rate stablecoin.
Stay informed and ahead in the crypto space with "The State of Crypto".
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