Solana-based meme token GME is down 50% from earlier Friday, but remains sharply higher for the week Source: https://www.coindesk.com/markets/2024/06/07/gamestop-tumbles-40-as-trading-icon-roaring-kitty-returns-to-livestream/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said. Source: https://www.coindesk.com/business/2024/06/07/customers-bank-said-to-debank-some-digital-asset-hedge-funds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada have investors rethinking expectations about Fed policy. Source: https://www.coindesk.com/business/2024/06/07/us-added-272k-jobs-in-may-blowing-past-estimates-unemployment-rates-rises-to-40/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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. Source: https://www.coindesk.com/markets/2024/06/07/robinhoods-bitstamp-deal-is-strategic-and-brings-added-institutional-exposure-bernstein/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The bullish forecast comes ahead of key U.S. data that is likely to influence Fed rate cut expectations. Source: https://www.coindesk.com/markets/2024/06/07/bitcoin-could-lift-to-83k-in-the-coming-days-analyst-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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. Source: https://www.coindesk.com/markets/2024/06/07/roaringkitty-a-gamestop-billionaire-by-friday-crypto-traders-are-placing-50-odds/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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. …

A group of 108 former federal prosecutors and agents have signed a public letter to U.S. Secretary of State Antony Blinken urging the State Department to “step up” its …

The firm currently holds 247 bitcoins and plans to expand its crypto treasury Source: https://www.coindesk.com/markets/2024/06/06/medical-device-maker-semler-scientific-buys-17-million-more-bitcoin-and-is-raising-money-to-purchase-more/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Source: https://www.coindesk.com/policy/2024/06/06/saudi-arabia-joins-bis-cbdc-project-mbridge-as-a-full-participant/?utm_medium=referral&utm_source=rss&utm_campaign=headlines