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ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.

Meme coins have outperformed the broader crypto markets in recent days, but some say profit-taking could reverse the rally.

The protocol said the subnet will be a suite of institutional blockchain deployments and tooling specifically designed for financial services.

The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.

Finance chief Paul Chan said in a blog post that despite recent volatility in crypto, now is the time to push forward Web3 technologies.

The latest price moves in crypto markets in context for April 6, 2023.

Earlier this month, the floor price on the original Trump NFT collection jumped after the news of his indictment, but the new Series 2 release has sent the first collection’s price downward.

The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama.

Longer-term narratives matter, argues Noelle Acheson, but they don’t set the price. That is set by short-term sentiment, which is both contagious and fickle.

Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets. They often exacerbate price moves.