Peak Crypto May Have Come and Gone

Plus, Starling's star.

Number of the Week: 50% (explanation below)

Peak Crypto May Have Come and Gone

By some measures, cryptocurrency is having an encouraging first half of the year. The price of Bitcoin is more than 60% higher than it was on January 1. At an annual crypto conference in Miami this week, presidential longshot Robert F. Kennedy, a crypto enthusiast, delivered a keynote address to a packed crowd. Tether, one of the largest dollar-backed stablecoins, recently announced it is adding more Bitcoin to its stablecoin reserves.

Yet it’s impossible to avoid the impression that crypto’s peak moment may have come and gone.