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Kaspa's KAS Token Rallies 26% in a Week
The Kaspa blockchain’s KAS token is the best-performing top 100 cryptocurrency in terms of market value of the past seven days. The token has surged 26% in a week. Jennifer Sanasie presents "Chart of the Day"

$572 Million Lost to Hacks and Fraud in Q2 -Immunefi
Immunefi says more than $900 million was lost to hacks and fraud this year. In Q2 alone, $572 million was stolen. This represents a 112% increase compared to Q2 last year. Watch Jennifer Sanasie present the "Chart of the Day."

Could Bitcoin Drop to $50K?
Bitcoin has carved out a double-top price pattern, signaling a potential bearish trend. 10x Research founder, Markus Thielen said, "Technically, bitcoin appears to follow a double top formation, whereas the support level is being tested. This chart formation should be our base case unless it becomes invalidated. This formation could easily see a drop to $50,000— if not $45,000." Watch CoinDesk's Jennifer Sanasie unpack this data on "Chart of the Day."

Meme Coins on TON Rally Despite Overall Market Plunge
TON meme coins Resistance Dog and The Resistance Cat have skyrocketed despite the broad crypto market pullback. Resistance Dog is up over 45% in the past 7 days and The Resistance Cat jumped 44.5% on the day. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Why Bitcoin Is Not Keeping Pace With Nasdaq
The tech-heavy Nasdaq Composite Index reached its all-time high this week but bitcoin has seen declines of more than 3% in the past 7 days, deviating from its usually positive correlation with the Nasdaq. CoinDesk's Michele Musso presents "The Chart of the Day" and explains why crypto-specific factors like profit-taking by holders and increased selling by miners seem to be holding back the BTC price.

What's Next for Bitcoin After Fed Predicts Just One Rate Cut for 2024
Bitcoin (BTC) has been trading under pressure following the Fed's hawkish interest rate projections on Wednesday, but some analysts remain bullish on the leading cryptocurrency. 10x Research founder Markus Thielen said in a note to clients that lower CPI numbers tend to drive bitcoin prices up and they expect this trend to continue. CoinDesk's Michele Musso presents "The Chart of the Day."

Meme Coins See Sharp Sell-off as GameStop Losses Extend
Losses in GameStop (GME) shares have spread to meme tokens that tend to mirror the stock’s movements. The Solana-based meme token GME, which parodies the company, slid more than 10% on the day. Related tokens like Roaring Kitty and other cat-themed tokens lost an average of at least 5%, according to data tracked by CoinGecko. CoinDesk's Helene Braun presents "The Chart of the Day."

How Iggy Azalea's MOTHER Meme Coin Produces Millionaires
Rapper Iggy Azalea's MOTHER token hit another all-time high on Thursday, extending the gains for Solana's latest hot meme coin. Just days after the launch, the MOTHER token has reached a market cap of $200 million, producing millionaires among those who saw the token skyrocketing. CoinDesk's Helene Braun presents "The Chart of the Day."

Institutional Holdings of Meme Coins Surged Since January
Institutional allocations to meme coins have surged over 300% this year, reaching a peak of almost $300 million in April, according to crypto exchange Bybit. Dogecoin and shiba inu were favored among institutional investors for their liquidity, and Solana meme token BONK emerged as the most popular of the new meme coins, attracting over $75 million in institutional bets. Holdings were tracked exclusively on Bybit and do not include those on other exchanges. CoinDesk's Helene Braun presents "The Chart of the Day."

BNB Chain Ecosystem Heats Up After Token Hits Record High Above $710
Projects across the BNB Chain ecosystem experienced a surge in activity, token prices and trading volume. This comes as the blockchain’s native BNB token hit an all-time high record above $710 during the Asian morning. According to data tracked by CoinGecko, trading volumes of BNB Chain-based tokens surged 135% in the past 24 hours. CoinDesk's Helene Braun presents "The Chart of the Day."
