Bitcoin News Roundup for May 12, 2021

With ether passing the $500B market cap milestone and a look at inflation in the wake of legendary investor Stanley Druckenmiller's warning, CoinDesk’s Market Daily is back with the latest news roundup. Add Markets Daily to your Alexa Flash Briefing here. This episode is sponsored by hellointerpop.io. Today's stories: Two-Day-Old Cryptocurrency Surges to $45 Billion Market Value Inflation Likely Accelerated in April as Economy Strengthened US Tariffs Drive Drop in Chinese Imports - WSJ SoftBank reports record net profit for a Japanese company of $46bn Billionaires Peter Thiel and Alan Howard back new $10bn crypto exchange Rare CryptoPunk NFTs Fetch Almost $17M at Christie's Auction  David Morris: Druckenmiller's Inflation Warning Good for Crypto  Investment Research Firm Says Coinbase Stock Could Fall to $100 Altcoin Season's Outer Limits: Ether Outpacing Bitcoin Further Than in 2017  Stablecoins Like USDC See Growing Demand In Latin America David Morris: Druckenmiller's Inflation Warning Good for Crypto  - InterPop is redefining the future of NFTs and fandom. Learn more at interpop.io.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.