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.

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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 

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