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The internet loves Moo Deng, a pygmy hippopotamus living in a zoo in Thailand. The small hippo has gone truly viral online and is so popular that SNL has even gotten involved. And all that popularity has led to high prices on virtual baby hippos in Final Fantasy 14.

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.