Rune Christensen Explains Why He Wants to Remake Maker and Kill DAI

The MakerDAO creator discusses the motivation behind the ambitious Endgame proposal in a wide-ranging interview.Source

GameStop Tumbles 40% as Trading Icon Roaring Kitty Returns to Livestream

Solana-based meme token GME is down 50% from earlier Friday, but remains sharply higher for the weekSource

Customers Bank Said to Debank Some Digital Asset Hedge Funds

The move is not a widespread debanking of hedge-fund clients, but rather the offboarding of inactive accounts, one person said.Source

U.S. Added 272K Jobs in May, Blowing Past Estimates; Bitcoin Pulls Back From 2-Month High

Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada have investors rethinking expectations about Fed policy.Source

Robinhood’s Bitstamp Deal Is Strategic and Brings Added Institutional Exposure: Bernstein

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

First Mover Americas: Bitcoin Futures Positions Top Record $37B as Analysts Predict Bitcoin Surge to $83K

The latest price moves in bitcoin (BTC) and crypto markets in context for June 7, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Source

Bitcoin Could Lift to $83K in the Coming Days, Analyst Says

The bullish forecast comes ahead of key U.S. data that is likely to influence Fed rate cut expectations.Source

RoaringKitty a GameStop Billionaire by Friday? Crypto Traders Are Placing 50% Odds

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

Bitcoin Bets Hit Peak of $37B as ETF Inflows Set New Record

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.Source

Former Federal Prosecutors, Agents Ask U.S. Sec. Blinken to ‘Step Up’ Efforts to Secure Detained Binance Exec’s Release

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 efforts to secure Binance compliance head Tigran Gambaryan’s release from a Nigerian prison, Axios reported Thursday evening.Source