Jamie Crawley is a CoinDesk news reporter based in London.
The decline follows $65 million in cumulative outflows from the U.S.-listed spot bitcoin ETFs on Monday, the first loss since at least May 23, according to provisional data published by Farside Investors. Inflows have recently been strong, although the market chatter is that they stem from institutions' growing interest in the non-directional basis trade rather than outright bullish bets. At the time of writing, BTC is more than 3.5% lower than 24 hours ago.
Solana-based meme token GME, which parodies the company's stock ticker, slid 25%, reversing a more-than 200% rally over the past seven days. Related tokens like Roaring Kitty and some cat-themed tokens, which previously moved alongside GME stock, lost an average of at least 10%, according to data tracked by CoinGecko. Dog-themed tokens doge, shiba inu and floki pared last week's gains, falling from 4% to 10%.
is set to move into the final phase of a multiyear program to become a wholly decentralized blockchain ecosystem later this month Once the switch is complete, Cardano will no longer be actively managed by Cardano development firm IOHK but will be wholly run by community members. “It looks like June will be the month that Cardano Node will reach 9.0,“ Hoskinson posted. “This means that Cardano is Chang fork ready and waiting for 70 percent of the SPOs to install the new node. Then, a hard fork can occur pushing Cardano into the Age of Voltaire.” Native token ADA has fallen 3.
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