With BTC dropping as low as $46K and a deep dive into last night's sector-wide collapse, 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:

Stock Market Today: Dow, S&P Live Updates for May. 12, 2021

US consumer prices rise at fastest pace since 2008

JPMorgan, Others Plan to Issue Credit Cards to People With No Credit Scores - WSJ

Stablecoin strife: crypto assets face calls for tougher oversight

Top U.S. fuel pipeline recovering from devastating ransomware attack

Facebook-Backed Diem Plans Dollar Stablecoin With Silvergate

Bitcoin Plunges as Tesla Halts BTC Payments Over Environmental Concerns

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