But the Fed’s super-sized rate cut last week, and signals of more cuts to come, are also powering a surge in crypto broadly, from the Moo Dengs to the more mainstream bitcoin and ethereum, as looser monetary policy tends to benefit high-risk assets like crypto. Bitcoin, the most popular crypto token, is up about 14% over the past week.

Given the popularity of baby pygmy hippo, Moo Deng at Thailand’s Khao Kheow Open Zoo a zoo in Thailand — it was only a matter of time before she would have dedicated cryptocurrency. And given that memecoins,