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Quick Take DAI’s supply has climbed from 4.42 billion to 5.48 billion, a 24% jump in two months. When looking at the raw circulating supply of DAI, its supply has been on a downward trend for a while. This is an excerpt from The Block’s Data & Insights newsletter.
Bitcoin traded down after U.S. wholesale prices jumped 0.5% in April, another sign inflation remains sticky.Traders are looking at Tuesday’s PPI reading and Wednesday’s CPI data for clues on rates.
Polymarket Labs has raised $70 million across two rounds, the most recent led by Peter Thiel’s venture capital firm Founders Fund. Ethereum co-founder Vitalik Buterin is also among the decentralized prediction market platform’s backers.
Paxos tapped Giancarlo, who has also been nicknamed “CryptoDad,” to serve on its board of directors. Giancarlo was chair of the CFTC from March 2017 to April 2019, where he oversaw the first bitcoin futures products being launched.
The GME memecoin, which borrows GameStop’s stock ticker but has no official affiliation with the company, traded more than 460% higher on Tuesday.In equity markets, GameStop shares surged 120% in the pre-market session, following new activity on Keith Gill’s @TheRoaringKitty account on X.