🌙 GameStop Up Over 70% Monday

The last time GameStop topped after its giga rally, Dogecoin 100x’d in three months,” crypto trader Zion Thomas wrote on X.

Author

Mike Gavela
May 13, 2024

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Crypto Roundup - May 13

The recent 70% rise in GameStop's stock is seen as a potential indicator of growing investor confidence that could positively impact the cryptocurrency market. Meanwhile, cryptocurrency-focused super PACs are actively influencing U.S. elections by funneling significant funds to support crypto-friendly candidates, reflecting a concerted effort to shape policy favorable to blockchain innovations. Concurrently, the U.S. government, particularly through actions by the SEC, is intensifying scrutiny on stablecoins like Tether, signaling a cautious regulatory approach that could affect the crypto sector's regulatory environment.

Top Stories:

  • GameStop's 70% stock rise may signal greater investor confidence potentially beneficial for the broader cryptocurrency market.

  • Crypto-focused super PACs have raised significant funds to support pro-crypto candidates, impacting various U.S. election races.

  • U.S. government scrutiny of Tether, as indicated by Ripple's CEO, highlights ongoing regulatory challenges for stablecoins.

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TOP STORIES

What GameStop’s 70% rise means for crypto

GameStop is up more than 70% today. Does that mean retail is ready to wade back into markets again?

www.dlnews.com/articles/markets/gamestop-rises-70-possibly-a-favorable-sign-for-crypto

Stand With Crypto PAC launches as industry interest in campaign funding ramps up 

Stand With Crypto launched last summer as an effort to provide crypto fans access to information about policy makers and candidates.

blockworks.co/news/stand-with-crypto-pac-us-elections

Tether takes jab at Ripple after CEO hints at US crackdown

Months after Ripple launched its own stablecoin, its CEO is now taking potshots at competitors.

www.dlnews.com/articles/markets/ripple-ceo-says-us-government-is-targeting-tether-stablecoin

FUNDRAISES

OTHER HEADLINES

Hong Kong Bitcoin and Ether ETFs See $39M Outflows on Monday: Farside Investors

Previous outflows hovered around the $6 million mark, signaling a significant uptick in negative flows on Monday.

www.coindesk.com/markets/2024/05/13/hong-kong-bitcoin-and-ether-etfs-see-39m-outflows-on-monday-farside-investors

Dogecoin Appears Headed for a 'Golden Cross'

A DOGE price pattern that presaged the early 2021 surge looks set to recur.

www.coindesk.com/markets/2024/05/10/dogecoin-appears-headed-for-a-golden-cross

Pudgy Penguins Puts Toys In Target Stores - The Defiant

The NFT company has sold over one million Pudgy Toys since launching last year.

thedefiant.io/news/nfts-and-web3/pudgy-penguins-puts-toys-in-target-stores

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