GameStop's Halting Rally Has Crypto Howling
The U.S. stock market has circuit breakers that halt shares sometimes as a safeguard. That's funny to crypto folks.

In this article
- GameStop (GME) stock was halted multiple times amid a huge surge on Monday, drawing laughter from crypto fans.
- Crypto goes 24/7 without any circuit breakers, unlike the stock market.
GameStop (GME) is yet again the stock of the day, soaring Monday due to support from traders gripped by meme-stock fever.
But it was a stilted rally, halted repeated by the U.S. stock market's famous – or infamous, depending on one's perspective – system of "circuit breakers" designed to prevent prices from getting out of control.
And that has enthusiasts of cryptocurrencies, where markets go 24/7 with no circuit breakers (except for the occasional exchange malfunction), laughing.
“triggers circuit breaker”
— Chad Bet$ (@ShitcoinSurfer) May 13, 2024
crypto bros: pic.twitter.com/SmIEPONnpZ
The U.S. stock market got circuit breakers in stages following the harrowing crash of October 1987, initially set up as a brief whole-market shutdown in case of a rapid collapse and then later, following the so-called flash crash of May 2010, more tailored toward restraining individual stocks.
These are government-mandated things. Former U.S. Treasury Secretary Nicholas Brady is credited with inventing the marketwide one after the 1987 crash. "The circuit breaker that I invented restores calm," he told a CoinDesk reporter at a prior job.
Yet there are criticisms. If markets plunge but they're frozen, traders can't immediately swoop in and buy, driving prices back up. After Ethereum's ether
Back in 2024, everything from bitcoin
Guess what they can’t halt ? pic.twitter.com/5eyr6KIzBR
— KingFUD (@Joedidonato94) May 13, 2024
Read more: Solana Meme Coins, GameStop Stock Rocket as 'Roaring Kitty' Returns on X
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch

When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
Lo que debes saber:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.