Markets

GameStop sign on GameStop at 6th Avenue on March 23, 2021 in New York. (John Smith/VIEWpress)
GameStop-Inspired Solana Meme Coin Soars Over 80% as Roaring Kitty Flashes $586M Worth of GME Position
Shares of GameStop closed the Thursday session 47% higher as the retail trading icon provided an update of his position and announced a livestream for Friday.
GameStop sign on GameStop at 6th Avenue on March 23, 2021 in New York. (John Smith/VIEWpress)

Trump poster for 2024 election. (Jon Tyson/Unsplash)
Bitcoin Could Hit $150K by 2024-End on Hopes of Donald Trump Being Re-Elected: Standard Chartered
Favorable payroll data could open the way to $80,000 per bitcoin by end-June, Standard Chartered’s Geoffrey Kendrick said in a Thursday note.
Trump poster for 2024 election. (Jon Tyson/Unsplash)

Institutional investors piled into DOGE and SHIB at the start of the year. (Atsuko Sato)
Meme Coin Institutional Holdings Surged Since January, Led by DOGE, SHIB, PEPE
Institutional investors on crypto exchange Bybit increased meme coin allocations to a high of $300 million in April from $63 million at the start of the year.
Institutional investors piled into DOGE and SHIB at the start of the year. (Atsuko Sato)

Options traders see bitcoin blasting higher (United Launch Alliance / U.S. Air Force)
Bitcoin Options Traders Anticipate Imminent Breakout Above $74K to New Record Prices
One market observer noted "very concentrated call buying" looking to profit from a rally to between $74,000 and $80,000 by the end of this month.
Options traders see bitcoin blasting higher (United Launch Alliance / U.S. Air Force)

(Creative Commons, modified by CoinDesk)
IOTA Kickstarts EVM Targeting DeFi, Real World Assets
The EVM will let developers build applications with smart contracts that run on the IOTA network.
(Creative Commons, modified by CoinDesk)

(Kurt Cotoaga/Unsplash)
BNB Chain Ecosystem Heats Up as Token Hits Lifetime High Above $710
Trading volumes of ecosystem tokens more than doubled in the past 24 hours, with meme coin FLOKI leading gains among larger tokens.
(Kurt Cotoaga/Unsplash)

(Giovanni Calia/Unsplash)
Bitcoin Crosses $71K as BTC ETFs See $880M Inflows in Best Day Since March
This marked the best day of inflows since March and the second-highest overall since 11 bitcoin ETFs went live in January.
(Giovanni Calia/Unsplash)

Uniswap (UNI) price on June 4 (CoinDesk)
Uniswap, Starknet, BNB Lead Altcoin Gains as Bitcoin Hits $71K
Seventeen of the twenty assets in the CoinDesk 20 Index (CD20) booked gains, underscoring the uptrend in the broader crypto market.
Uniswap (UNI) price on June 4 (CoinDesk)

(16:9 CROP) Bull and Bear (Rawpixel)
Bitcoin Sees Profit-Taking Around $70K Amid ‘Stubbornly Bullish’ Sentiment
On-chain data shows over 50% of Bitcoin supply remains inactive, a sign of strong long-term conviction in the asset.
(16:9 CROP) Bull and Bear (Rawpixel)

(John Smith/VIEWpress)
GameStop Stock, Meme Tokens Surge as User ‘DeepFu*kingValue’ Returns to Reddit
Keith Gill posted his GameStop options positions on the r/superstonks subreddit in early Asian hours Monday.
(John Smith/VIEWpress)