Significant Capital Influx Into Cryptocurrency Funds in May 2024 - Keywords

Backed Finance Launches xStocks in Switzerland

Backed Finance has registered in Switzerland to issue xStocks, digital representations of stocks like Tesla and Nvidia, attracting 30,300 unique holders.

Trump's Potential Meeting with Xi Jinping Gains Traction

Traders on Kalshi are optimistic about a potential meeting between Trump and Xi Jinping this year, pricing in a 73% chance of occurrence.

Rekt Drinks' New Moon Crush Flavor Expected to Sell Out in Minutes

Users on the prediction market Myriad are betting on whether Rekt Drinks' new Moon Crush flavor will sell out in under five minutes, reflecting the brand's growing hype.

Market Reactions to Federal Reserve Rate Cut

Market reactions to the Federal Reserve's rate cut saw minimal changes in Bitcoin and Ethereum prices, while gold surged to a record high.

US Federal Reserve Cuts Interest Rates Amid Economic Concerns

The US central bank has cut the federal funds rate by 0.25% in response to signs of economic faltering and pressure from President Trump.

Metaplanet Completes Major Share Offering with Strong Investor Interest

Metaplanet has successfully closed a 145 billion offering of 385 million shares with significant investor participation.