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Crypto exchanges rushed to list Trump's coin leaving many losers and some big winners
Crypto exchanges rushed to list Trump's coin leaving many losers and some big winners

Economic Times

time7 hours ago

  • Business
  • Economic Times

Crypto exchanges rushed to list Trump's coin leaving many losers and some big winners

Agencies Crypto exchange Coinbase assures users on its website that it puts any new digital coin through "rigorous" vetting before allowing it to trade. It's an at-times lengthy process meant to protect customers by examining the people connected to the project and the risk of market manipulation or other scams. With President Donald Trump's crypto token, $TRUMP, Coinbase made up its mind in just one day. The $TRUMP token, which launched three days before his inauguration in January, is a meme coin. Based on cultural fads or celebrities, these coins have no intrinsic value and - past experience has shown - are prone to large price swings that can leave investors with losses. A Reuters analysis of crypto market data and industry announcements found that, compared to other recent large meme coins, the biggest crypto exchanges took Trump's to market with unusual speed, despite stating they vet risky coins thoroughly to protect small investors. Some also approved the listing in spite of the high share of coins concentrated in the hands of Trump and his partners, which would normally represent a red flag because of the risk that dumping of tokens by insiders could collapse the price and hurt other investors, some executives said. After reaching an all-time high of $75.35 on April 19, just two days after its launch, $TRUMP crashed to the $7 range by early April, leaving many holders nursing losses. It was trading around $9.55 Thursday. "When the president of the United States launches a meme coin, I thought I might as well put some money inside," said Carl "Moon" Runefelt, a Dubai-based crypto investor who runs a bitcoin trading channel on YouTube called the "Moon Show." Runefelt said he bought $300,000 worth of the meme coin in tranches at between $50 and $60: "It's probably one of my worst trades, unfortunately." The Reuters analysis showed that eight of the 10 largest crypto exchanges by market share listed the coin within 48 hours of its release. The ninth, Coinbase, added $TRUMP to its listings roadmap on January 18 - indicating it had decided to accept it - and listed the coin three days later. The tenth, Upbit, listed $TRUMP on February 13. That was much faster than they've done on average with the biggest meme coins. Reuters examined how long it took the same 10 exchanges - Binance, Bitget, MEXC, OKX, Coinbase, Bybit, Upbit, and HTX - to list the four other largest meme coins launched since 2022. These, measured by market cap on May 29, are Pepe, Bonk, Fartcoin and dogwifhat. All 10 exchanges listed Pepe and Bonk. Nine listed dogwifhat, and seven listed Fartcoin. On average, the 10 exchanges took 129 days to list those coins. For $TRUMP, they took an average of four. Asked for comment about why they listed $TRUMP so quickly, Bitget, MEXC, OKX, Coinbase and Upbit all said they had not cut any corners with their vetting process. The other five exchanges did not respond to Reuters' questions. Three - Bitget, Coinbase, MEXC - said they moved fast to respond to overwhelming demand for the $TRUMP coin. "The crypto space was buzzing with the hype and, as any other token with a growing craze, it was imperative to add TRUMP," Gracy Chen, Bitget's CEO, said in a statement. Chen said the fact that Trump himself announced the coin on his social media accounts "should kind of solve the compliance issue," citing the fact that "he's the president of the United States." No conflicts of interest Reuters found no suggestion that Trump or anyone related to his businesses exerted pressure on the exchanges. In response to a request for comment, a White House press official told Reuters the president's assets had been placed in a family trust: "There are no conflicts of interest because the president isn't managing the assets. Any insinuation that there is a conflict of interest is irresponsible." The official referred specific questions about the meme coin to the Trump Organization, which did not respond to Reuters. Coinbase said the $TRUMP token got no special exceptions and the exchange followed its normal process when listing the coin. Paul Grewal, Coinbase's chief legal officer, said many people had to work over the weekend to get the listing done quickly, but no steps were skipped. "Given the information that was shared publicly, we were confident that users could engage with the token positively and safely," Grewal told Reuters. Coinbase listed $TRUMP as an "experimental" token to indicate it comes with "certain risks, including price swings," according to the company's website. The vetting of coins often focuses on how well-known the issuer is, how likely they are to remain in the public eye and how much they engage with the online community to sustain interest in the coin, metrics that $TRUMP would score highly on, according to Santa Clara University finance professor Seoyoung Kim, who specializes in crypto analytics. She cautioned that focusing on vetting speed alone could provide an incomplete picture of investor protection. A more holistic analysis, Kim said, would also involve factors such as the average market cap at which a coin is listed, for how long it has sustained that level before its listing, and its daily trading volumes. With $TRUMP listed so soon after launch, there was little such data for exchanges to parse. $TRUMP's market cap has since fallen to around $1.9 billion, down sharply from its peak above $15 billion on January 19. But that still ranks it amongst the largest meme coins launched since 2022. Reuters ran its listing-speed analysis past five academics with crypto expertise, including Kim, who all said its methodology was sound. David Krause, Emeritus Professor of Finance at Marquette University, who has studied Trump's crypto ventures, said the quickness of the $TRUMP listing "suggests either a dramatic acceleration of due diligence or corners being cut." "Either scenario has significant implications for investor protection and market integrity," he said. You don't say no to the President The president's rush of business ventures in a lightly-regulated sector that his government is responsible for overseeing has drawn criticism from Democrats, consumer advocacy groups and former financial enforcement officials. "You don't say no to hosting the president's new meme coin," said Corey Frayer, a former senior crypto advisor at the U.S. Securities and Exchange Commission. Frayer is now director of a non-profit advocacy group, the Consumer Federation of America. "The president controls who oversees your business and how they enforce the law." Under former President Joe Biden, the SEC maintained that most crypto tokens, including meme coins, should be regulated as securities, making exchanges cautious about listing them. That began to change, quickly, after Trump was elected last November. The Republican has styled himself as the "crypto president," pledging to overhaul regulation of the sector. Following Trump's election, Coinbase - the largest publicly traded crypto exchange in the United States - and several of its rivals began listing more meme coins. In Trump's second term, the SEC has paused or withdrawn high-profile enforcement actions against crypto operators, including a major investor in a Trump family crypto project, and issued a staff statement concluding that meme coins do not constitute securities. An SEC spokesperson declined to comment on the agency's crypto policy and Trump's coin. Trump's family has launched multiple crypto ventures, raking in hundreds of millions of dollars. The $TRUMP token quickly earned an estimated $320 million in fees, though it's not publicly known how that amount has been divided between a Trump-controlled entity and its partners. Overlooked concerns Exchanges have been major beneficiaries of Trump's embrace of the industry. $TRUMP has generated significant revenue for the 10 exchanges in Reuters' review: more than $172 million in trading fees, according to estimates based on standard fees compiled for the news agency by CoinDesk Data, a crypto industry data provider. Trade in the coin, meanwhile, has favored a small group of investors. At the top, 45 crypto wallets cleared about $1.2 billion in profits overall, while another 712,777 wallets have collectively lost $4.3 billion, according to trading data analyzed by crypto analysis firm Bubblemaps as of June 18. In the middle, more than half a million wallets made an average of $5,656 profit each. In listing $TRUMP, some exchanges proceeded despite a factor they'd previously labelled as a red flag: 80% of the coin's supply was held by the Trump family and its partners. Such a high concentration of ownership can allow the team behind a coin to sell large amounts of it at once, collapsing the price for retail investors. The terms of the $TRUMP coin specified that its total supply would be gradually unlocked over three years after initial release. On January 16, the day before $TRUMP was released, the New York State Department of Financial Services issued an alert to consumers about the risks of meme coins. Such coins, the notice said, are carried by platforms not licensed by the state and the supply of the digital tokens is often controlled by a small number of people. That opens the door to "pump-and-dump schemes," the regulator noted, in which public hype by their issuers leads to a jump in price - with big, early investors exiting and smaller retail buyers left holding the losses that follow. The NYDFS declined to comment beyond the guidance. Coinbase, which is subject to New York regulations, blocked state residents from accessing the token, but allowed U.S. customers elsewhere to trade. To list $TRUMP in New York, the exchange would have faced a long list of risk assessment and governance requirements. Some other exchanges acknowledged they looked past concerns about the concentration in a bid to serve customer demand. MEXC's chief operating officer, Tracy Jin, told Reuters that, because of the concentration of tokens, $TRUMP did not meet its usual standards for a full listing on its main board, but the exchange pushed ahead anyway due to strong demand. In a follow-up written statement, an MEXC spokesperson said that a "faster-than-usual" listing was possible because the coin had clear market momentum and it met "our listing standards early." Commenting on the Reuters listing-speed analysis, the spokesperson said market conditions and demand for political meme tokens had changed since 2022, "making direct comparisons less relevant." Bitget also had concerns about the 80% figure, CEO Chen told Reuters. "Eighty percent held by the team, even though there's a little bit of a lock-up period, is in my opinion very risky," said Chen. "Ultimately, user trading volume, demand ... overrode the so-called risky factor here." Like some exchanges, Bitget, based in the Seychelles, does not have a business presence in the U.S. or serve clients who reside there, Chen said. "Globally," she added, "people are generally aware of the risks associated with trading meme coins." Upbit, which operates in South Korea, said it does not comment on specific coin listings but that it has "a rigorous and comprehensive evaluation process." Erald Ghoos, CEO for Europe of OKX, said the exchange's legal and compliance teams stayed up all night over different time zones to work on the listing. Seychelles-registered OKX says its diligence process requires "meticulous preparation." It decided to list $TRUMP within 26 hours. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. The 10-second mystery: Did the Air India crash report hide more than what it revealed? Can Indian IT's 'pyramid' survive the GenAI shake-up? Zee promoters have a new challenge to navigate. And it's not about funding or Sebi probe. The deluge that's cooling oil prices despite the Iran conflict Stock Radar: Natco Pharma stock showing signs of momentum after falling over 30% from highs – what should investors do? 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Crypto exchanges rushed to list Trump's coin - leaving many losers and some big winners
Crypto exchanges rushed to list Trump's coin - leaving many losers and some big winners

The Star

time7 hours ago

  • Business
  • The Star

Crypto exchanges rushed to list Trump's coin - leaving many losers and some big winners

NEW YORK (Reuters) -Crypto exchange Coinbase assures users on its website that it puts any new digital coin through "rigorous" vetting before allowing it to trade. It's an at-times lengthy process meant to protect customers by examining the people connected to the project and the risk of market manipulation or other scams. With President Donald Trump's crypto token, $TRUMP, Coinbase made up its mind in just one day. The $TRUMP token, which launched three days before his inauguration in January, is a meme coin. Based on cultural fads or celebrities, these coins have no intrinsic value and – past experience has shown – are prone to large price swings that can leave investors with losses. A Reuters analysis of crypto market data and industry announcements found that, compared to other recent large meme coins, the biggest crypto exchanges took Trump's to market with unusual speed, despite stating they vet risky coins thoroughly to protect small investors. Some also approved the listing in spite of the high share of coins concentrated in the hands of Trump and his partners, which would normally represent a red flag because of the risk that dumping of tokens by insiders could collapse the price and hurt other investors, some executives said. After reaching an all-time high of $75.35 on April 19, just two days after its launch, $TRUMP crashed to the $7 range by early April, leaving many holders nursing losses. It was trading around $9.55 Thursday. "When the president of the United States launches a meme coin, I thought I might as well put some money inside," said Carl 'Moon' Runefelt, a Dubai-based crypto investor who runs a bitcoin trading channel on YouTube called the "Moon Show." Runefelt said he bought $300,000 worth of the meme coin in tranches at between $50 and $60: "It's probably one of my worst trades, unfortunately." The Reuters analysis showed that eight of the 10 largest crypto exchanges by market share listed the coin within 48 hours of its release. The ninth, Coinbase, added $TRUMP to its listings roadmap on January 18 – indicating it had decided to accept it - and listed the coin three days later. The tenth, Upbit, listed $TRUMP on February 13. That was much faster than they've done on average with the biggest meme coins. Reuters examined how long it took the same 10 exchanges - Binance, Bitget, MEXC, OKX, Coinbase, Bybit, Upbit, and HTX - to list the four other largest meme coins launched since 2022. These, measured by market cap on May 29, are Pepe, Bonk, Fartcoin and dogwifhat. All 10 exchanges listed Pepe and Bonk. Nine listed dogwifhat, and seven listed Fartcoin. On average, the 10 exchanges took 129 days to list those coins. For $TRUMP, they took an average of four. Asked for comment about why they listed $TRUMP so quickly, Bitget, MEXC, OKX, Coinbase and Upbit all said they had not cut any corners with their vetting process. The other five exchanges did not respond to Reuters' questions. Three – Bitget, Coinbase, MEXC – said they moved fast to respond to overwhelming demand for the $TRUMP coin. "The crypto space was buzzing with the hype and, as any other token with a growing craze, it was imperative to add TRUMP," Gracy Chen, Bitget's CEO, said in a statement. Chen said the fact that Trump himself announced the coin on his social media accounts "should kind of solve the compliance issue," citing the fact that "he's the president of the United States." 'NO CONFLICTS OF INTEREST' Reuters found no suggestion that Trump or anyone related to his businesses exerted pressure on the exchanges. In response to a request for comment, a White House press official told Reuters the president's assets had been placed in a family trust: "There are no conflicts of interest because the president isn't managing the assets. Any insinuation that there is a conflict of interest is irresponsible." The official referred specific questions about the meme coin to the Trump Organization, which did not respond to Reuters. Coinbase said the $TRUMP token got no special exceptions and the exchange followed its normal process when listing the coin. Paul Grewal, Coinbase's chief legal officer, said many people had to work over the weekend to get the listing done quickly, but no steps were skipped. "Given the information that was shared publicly, we were confident that users could engage with the token positively and safely," Grewal told Reuters. Coinbase listed $TRUMP as an "experimental" token to indicate it comes with "certain risks, including price swings," according to the company's website. The vetting of coins often focuses on how well-known the issuer is, how likely they are to remain in the public eye and how much they engage with the online community to sustain interest in the coin, metrics that $TRUMP would score highly on, according to Santa Clara University finance professor Seoyoung Kim, who specializes in crypto analytics. She cautioned that focusing on vetting speed alone could provide an incomplete picture of investor protection. A more holistic analysis, Kim said, would also involve factors such as the average market cap at which a coin is listed, for how long it has sustained that level before its listing, and its daily trading volumes. With $TRUMP listed so soon after launch, there was little such data for exchanges to parse. $TRUMP's market cap has since fallen to around $1.9 billion, down sharply from its peak above $15 billion on January 19. But that still ranks it amongst the largest meme coins launched since 2022. Reuters ran its listing-speed analysis past five academics with crypto expertise, including Kim, who all said its methodology was sound. David Krause, Emeritus Professor of Finance at Marquette University, who has studied Trump's crypto ventures, said the quickness of the $TRUMP listing "suggests either a dramatic acceleration of due diligence or corners being cut." "Either scenario has significant implications for investor protection and market integrity," he said. YOU DON'T SAY NO TO THE PRESIDENT The president's rush of business ventures in a lightly-regulated sector that his government is responsible for overseeing has drawn criticism from Democrats, consumer advocacy groups and former financial enforcement officials. "You don't say no to hosting the president's new meme coin," said Corey Frayer, a former senior crypto advisor at the U.S. Securities and Exchange Commission. Frayer is now director of a non-profit advocacy group, the Consumer Federation of America. "The president controls who oversees your business and how they enforce the law." Under former President Joe Biden, the SEC maintained that most crypto tokens, including meme coins, should be regulated as securities, making exchanges cautious about listing them. That began to change, quickly, after Trump was elected last November. The Republican has styled himself as the "crypto president," pledging to overhaul regulation of the sector. Following Trump's election, Coinbase – the largest publicly traded crypto exchange in the United States – and several of its rivals began listing more meme coins. In Trump's second term, the SEC has paused or withdrawn high-profile enforcement actions against crypto operators, including a major investor in a Trump family crypto project, and issued a staff statement concluding that meme coins do not constitute securities. An SEC spokesperson declined to comment on the agency's crypto policy and Trump's coin. Trump's family has launched multiple crypto ventures, raking in hundreds of millions of dollars. The $TRUMP token quickly earned an estimated $320 million in fees, though it's not publicly known how that amount has been divided between a Trump-controlled entity and its partners. OVERLOOKED CONCERNS Exchanges have been major beneficiaries of Trump's embrace of the industry. $TRUMP has generated significant revenue for the 10 exchanges in Reuters' review: more than $172 million in trading fees, according to estimates based on standard fees compiled for the news agency by CoinDesk Data, a crypto industry data provider. Trade in the coin, meanwhile, has favored a small group of investors. At the top, 45 crypto wallets cleared about $1.2 billion in profits overall, while another 712,777 wallets have collectively lost $4.3 billion, according to trading data analyzed by crypto analysis firm Bubblemaps as of June 18. In the middle, more than half a million wallets made an average of $5,656 profit each. In listing $TRUMP, some exchanges proceeded despite a factor they'd previously labelled as a red flag: 80% of the coin's supply was held by the Trump family and its partners. Such a high concentration of ownership can allow the team behind a coin to sell large amounts of it at once, collapsing the price for retail investors. The terms of the $TRUMP coin specified that its total supply would be gradually unlocked over three years after initial release. On January 16, the day before $TRUMP was released, the New York State Department of Financial Services issued an alert to consumers about the risks of meme coins. Such coins, the notice said, are carried by platforms not licensed by the state and the supply of the digital tokens is often controlled by a small number of people. That opens the door to "pump-and-dump schemes," the regulator noted, in which public hype by their issuers leads to a jump in price – with big, early investors exiting and smaller retail buyers left holding the losses that follow. The NYDFS declined to comment beyond the guidance. Coinbase, which is subject to New York regulations, blocked state residents from accessing the token, but allowed U.S. customers elsewhere to trade. To list $TRUMP in New York, the exchange would have faced a long list of risk assessment and governance requirements. Some other exchanges acknowledged they looked past concerns about the concentration in a bid to serve customer demand. MEXC's chief operating officer, Tracy Jin, told Reuters that, because of the concentration of tokens, $TRUMP did not meet its usual standards for a full listing on its main board, but the exchange pushed ahead anyway due to strong demand. In a follow-up written statement, an MEXC spokesperson said that a "faster-than-usual" listing was possible because the coin had clear market momentum and it met "our listing standards early." Commenting on the Reuters listing-speed analysis, the spokesperson said market conditions and demand for political meme tokens had changed since 2022, "making direct comparisons less relevant." Bitget also had concerns about the 80% figure, CEO Chen told Reuters. "Eighty percent held by the team, even though there's a little bit of a lock-up period, is in my opinion very risky," said Chen. "Ultimately, user trading volume, demand … overrode the so-called risky factor here." Like some exchanges, Bitget, based in the Seychelles, does not have a business presence in the U.S. or serve clients who reside there, Chen said. "Globally," she added, "people are generally aware of the risks associated with trading meme coins." Upbit, which operates in South Korea, said it does not comment on specific coin listings but that it has "a rigorous and comprehensive evaluation process." Erald Ghoos, CEO for Europe of OKX, said the exchange's legal and compliance teams stayed up all night over different time zones to work on the listing. Seychelles-registered OKX says its diligence process requires "meticulous preparation." It decided to list $TRUMP within 26 hours. (Editing by Tom Lasseter, Tommy Reggiori Wilkes, Paritosh Bansal, and Daniel Flynn)

How pizza omakase became a trend and where to try it
How pizza omakase became a trend and where to try it

National Geographic

timea day ago

  • Entertainment
  • National Geographic

How pizza omakase became a trend and where to try it

This article was produced by National Geographic Traveller (UK). If you've ever looked at the menu in a pizzeria and been blinded by indecision, then pizza omakase might be for you – the food trend that gives you licence to sample a slice of everything. Meaning 'I leave it up to you' in Japanese, omakase traditionally refers to the experience of sitting around a small sushi counter while the chef expertly crafts perfect sushi in front of you. Eschewing such workaday formalities as a menu, they hand you delicate slices of fish and rice with reverence, adapting what's served to your tastes and desires. As a catch-all term for leaving your dinner decisions in the hands of the chef, omakase is an intimate, often high-end tasting menu experience that's taken off around the world extending far beyond sushi, incorporating the likes of desserts and foods cooked over fire. And omakase has now also embraced pizza, with a concept that largely offers a tasting menu of different slices, bookended by appetisers and desserts. Popping up everywhere from Japan to Costa Rica, pizza omakase is not about sitting respectfully at a counter, as is the way with its sushi forebears; the experience is often enjoyed by many people at once in a lively restaurant dining room. One of its pioneers is Franco Pepe (star of Netflix's Chef's Table), at his Pepe in Grani pizzeria in the small hilltop town of Caiazzo, north of Naples. There are three pizza tasting menus available, which change seasonally apart from a few signatures, all beginning and concluding with fried pizza – savoury to start and sweet to finish. Just like traditional omakase, the mood and tastes of the customer are taken into consideration, assessed in real time by front of house staff and communicated back to the pizzaioli. Pepe's signature margherita sbagliata (margherita 'done wrong') is topped with just mozzarella before being cooked, then dressed with tomato passata and green pesto. Photograph by Pepe in Grani 'The goal is to guide the customer through the entire experience, reaching the final course without ever feeling weighed down,' says Pepe. The idea for pizza tasting menus started to take shape around 2013, he says. He doesn't claim to be the concept's originator, although he notes 'if you ask ChatGPT it will tell you that I was the first.' That honour, he says, falls to friend and colleague Simone Padoan of Verona's I Tigli. 'In his case,' continues Pepe, 'the menu was made up of whole pizzas to be shared in slices. I chose a different approach, offering just one slice of each type of pizza.' Pepe also hosts intimate omakase experiences at Authentica, 'the world's smallest pizzeria' set above the restaurant. Here, up to eight guests sit around a counter and eat selections of still-bubbling slices cooked by the man himself. 'If this has become a trend, I can't help but feel pleased' says Pepe. 'As it represents one of the most important experiences for the customer: the opportunity to experience the pizzaiolo's creativity.' Where to try pizza omakase 1. Pepe in Grani Franco Pepe's pizzeria is a pilgrimage for foodies, who descend on the hill town of Caiazzo in the Campania countryside 25 miles north of Naples, to sample next-level pizza made with the finest local ingredients. Pepe's signature margherita sbagliata (margherita 'done wrong') is always on offer, topped with just mozzarella before being cooked, then dressed with tomato passata and green pesto. The fried pizza slices, meanwhile – dressed simply with a slice of tomato, anchovies and lemon zest – touch the divine. Amazingly, Pepe manages the rhythm of the menu in a way that leaves you full but not overwhelmed. Menus from €40 (£34). Francesco Capece is co-owner of Milan's Confine restaurant, where pizza is given a fine-dining treatment. Photograph by Martina Corà Confine was recently named fourth-best pizzeria in the world by Italy's 50 Top Pizza ranking. Photograph by Martina Corà 2. Confine Another acclaimed Campania pizzaiolo, Francesco Capece is co-owner of Milan's Confine restaurant, where pizza is given a fine-dining treatment. Paired with wines, the tasting menu takes in different pizza styles including pan-baked padellino from Turin, and classic Neapolitan, served una sola fetta (as a single slice). It was recently named fourth-best pizzeria in the world by Italy's 50 Top Pizza ranking. Menus from €40 (£34). The by-the-slice pizza tasting menu at Seba's on Costa Rica's Pacific coast draws on a farm-to-table, open-fire ethos. Photograph by Christopher Avila 50 Top Pizza named Seba's the best pizzeria in Costa Rica and also ranked it among the top 50 in Latin America. Photograph by Christopher Avila 3. Seba's Launched in spring 2025, the by-the-slice pizza tasting menu at Seba's on Costa Rica's Pacific coast draws on a farm-to-table, open-fire ethos. Expect toppings including expertly grilled local beef, smoked fish and seasonal vegetables across varieties that range from classic Neapolitan and Romana to a New York-style large, foldable thin-crust slice. 50 Top Pizza named Seba's the best pizzeria in Costa Rica and also ranked it among the top 50 in Latin America. Menus from US$50 (£36). 4. Pizzeria Sei Multicultural influences and premium ingredients feature on the 11-course menu on monthly omakase nights at this Los Angeles venue. One for the more adventurous diners, Sei is led by chef-owner William Joo who plays with flavours that might result in the likes of a tom yum margherita with scallop pepperoni and a Baja fish taco pizza topped with sea urchin from Hokkaido, Japan. Menus from US$125 (£91). Pace yourself, as the meal kicks off with four starters and there is a selection of Italian desserts to finish. Photograph by Marc Fiorito 5. Tony's Pizza Napoletana Thirteen-time World Pizza Champion Tony Gemignani doesn't hold back at his San Francisco pizzeria, where the offering is less dainty tasting menu, more full-on feast. Here, seven pizzas are served up whole, featuring styles from around the world and taking in the likes of an artichoke canotto ('dingy', the name referring to the pizza's shape, with a puffy raised crust) with mozzarella, artichoke, smoked provolone, spinach, garlic and lemon, along with Gemignani's award-winning signature margherita. Pace yourself, as the meal also kicks off with four starters and there is a selection of Italian desserts to finish. Menus cost $500 (£364) for up to six people. Roman native executive chef Daniele Cason serves a-by-the-slice counter omakase experience for up to eight guests taking in six types of seasonal pizza. Photograph by Mandarin Oriental Hotel, Tokyo The Pizza Bar on 38th is set high in the sky at Tokyo's Mandarin Oriental hotel. Photograph by Mandarin Oriental Hotel, Tokyo 6. The Pizza Bar on 38th At The Pizza Bar on 38th, set high in the sky at Tokyo's Mandarin Oriental hotel, Roman native executive chef Daniele Cason serves a-by-the-slice counter omakase experience for up to eight guests taking in six types of seasonal pizza including classic marinara and with toppings such as 'mountain vegetables' and courgette flowers. The pizza scene in the Japanese capital has rivalled the best in the world in recent years, so it makes sense that one of the leading pizza omakase experiences should be found here. Lunch menu ¥13,200 (£67), dinner ¥18,700 (£95). To subscribe to National Geographic Traveller (UK) magazine click here. (Available in select countries only).

Dogecoin and Shiba Inu skyrocket as meme coins explode during crypto market boom
Dogecoin and Shiba Inu skyrocket as meme coins explode during crypto market boom

Economic Times

time2 days ago

  • Business
  • Economic Times

Dogecoin and Shiba Inu skyrocket as meme coins explode during crypto market boom

Dogecoin (DOGE) The meme coin mania is back, and it's hitting new heights after Bitcoin (BTC) reached a new all-time high above $118,000, which has led meme coins to show signs of growth, as per a CoinCentral (DOGE) has increased 18%, Shiba Inu (SHIB) has risen 15%, and Pepe jumped 30%, as per the weekly charts, which have driven the total market cap of meme coins to hit $66 billion, according to the CoinCentral report. While, as of July 10, Dogecoin had increased 5.5%, which boosted its market cap to $28.7 billion, and Shiba Inu had surged 4.8%, which led to its market cap hitting $7.7 billion, as reported by The Street. The meme coin sector is in full-on rally mode, with coins like Pepe, up 8.2%, and Bonk, with a 10.3% gain, and even absurdist tokens like Fartcoin and Pengu, increasing 13.4% and 26.6%, respectively, currently booming, as reported by The Street on July 10th. ALSO READ: Trump lied and didn't want Americans to know - Iran hit top-secret US communications dome at Qatar airbase This comes as Bitcoin reached multiple new all-time highs this week, the ripple effect is being felt across the entire crypto market, and the bullish momentum is spreading throughout, with Ethereum crossing $3,000 and many meme coins netting more than 20% gains, as reported by the CoinCentral READ: Delta Airlines' shocking AI upgrade: It could soon set ticket prices based on what you can affordBut beyond the numbers, a deeper shift might be underway, as there is growing concern over the United States' inflation, which has shaken faith in traditional currencies, prompting more investors, especially retail traders, to lean into meme coins that openly satirise the very idea of intrinsic value, according to the report. ALSO READ: Trump's 35% tariff on Canada: Here's what will get more expensive for Americans — and what won't Even tech billionaire Elon Musk recently fanned the flames of anti-fiat sentiment, as per the CoinCentral report. When he was asked on social media X whether the America Party (a political party he might potentially form) would adopt Bitcoin, he responded, saying, "Fiat is hopeless, so yes," as per the X post reply. Fiat is hopeless, so yes — Elon Musk (@elonmusk) July 7, 2025 How much has Dogecoin gone up this week?Roughly 18%, with its market cap now around $28.7 billion. What's the total value of all meme coins right now? Over $66 billion, according to CoinCentral.

Dogecoin and Shiba Inu skyrocket as meme coins explode during crypto market boom
Dogecoin and Shiba Inu skyrocket as meme coins explode during crypto market boom

Time of India

time2 days ago

  • Business
  • Time of India

Dogecoin and Shiba Inu skyrocket as meme coins explode during crypto market boom

The meme coin mania is back, and it's hitting new heights after Bitcoin (BTC) reached a new all-time high above $118,000, which has led meme coins to show signs of growth, as per a CoinCentral report. Which Meme Coins Are Leading the Crypto Surge? Dogecoin (DOGE) has increased 18%, Shiba Inu (SHIB) has risen 15%, and Pepe jumped 30%, as per the weekly charts, which have driven the total market cap of meme coins to hit $66 billion, according to the CoinCentral report. How Are Meme Coins Performing This Week? While, as of July 10, Dogecoin had increased 5.5%, which boosted its market cap to $28.7 billion, and Shiba Inu had surged 4.8%, which led to its market cap hitting $7.7 billion, as reported by The Street. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Villas In Dubai | Search Ads Get Rates Undo The meme coin sector is in full-on rally mode, with coins like Pepe, up 8.2%, and Bonk, with a 10.3% gain, and even absurdist tokens like Fartcoin and Pengu , increasing 13.4% and 26.6%, respectively, currently booming, as reported by The Street on July 10th. ALSO READ: Trump lied and didn't want Americans to know - Iran hit top-secret US communications dome at Qatar airbase Live Events Is Meme Coin Mania Back as Bitcoin Smashes All-Time Highs? This comes as Bitcoin reached multiple new all-time highs this week, the ripple effect is being felt across the entire crypto market, and the bullish momentum is spreading throughout, with Ethereum crossing $3,000 and many meme coins netting more than 20% gains, as reported by the CoinCentral report. ALSO READ: Delta Airlines' shocking AI upgrade: It could soon set ticket prices based on what you can afford Is Crypto's Bullish Momentum Fueled by Inflation Fears? But beyond the numbers, a deeper shift might be underway, as there is growing concern over the United States' inflation, which has shaken faith in traditional currencies, prompting more investors, especially retail traders, to lean into meme coins that openly satirise the very idea of intrinsic value, according to the report. ALSO READ: Trump's 35% tariff on Canada: Here's what will get more expensive for Americans — and what won't What Did Elon Musk Say About Fiat and Bitcoin? Even tech billionaire Elon Musk recently fanned the flames of anti-fiat sentiment, as per the CoinCentral report. When he was asked on social media X whether the America Party (a political party he might potentially form) would adopt Bitcoin, he responded, saying, "Fiat is hopeless, so yes," as per the X post reply. Fiat is hopeless, so yes — Elon Musk (@elonmusk) July 7, 2025 FAQs How much has Dogecoin gone up this week? Roughly 18%, with its market cap now around $28.7 billion. What's the total value of all meme coins right now? Over $66 billion, according to CoinCentral.

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