Day: May 16, 2024

Meme Stock Mania Fades for GameStop and AMC

The resurgence of meme stock frenzy surrounding GameStop (GME) and AMC appears to be losing momentum as both stocks have experienced significant downturns. GameStop’s shares plunged to $31.91, marking an 18% drop, before making a slight recovery to $33.38, still down 16% from its previous close. AMC shares also opened the market 8% lower than […]

GameStop Whale Nets $44 Million from Options Trade

In a stunning display of market timing, a GameStop whale transformed a $908,000 investment into a colossal $44 million in under a month, reports Unusual Whales. The investor made a significant bet on GameStop by purchasing 25,330 call options on April 24, each at a price of $0.36, granting the ability to buy GameStop shares […]

U.S. Spot Bitcoin ETFs Surge Amid Positive Market Trends

In a significant financial development, U.S. spot Bitcoin ETFs have experienced a notable surge, recording a two-week high inflow of $303 million as Bitcoin’s price soared past $66,000. According to data from Farside Investors, all U.S. spot Bitcoin ETFs, with the exception of BlackRock’s iShares Bitcoin Trust (IBIT), reported inflows on May 15th. Notably, IBIT […]

Bitcoin Hits $66,000 Amid Positive Inflation Trends

Bitcoin has achieved a notable milestone early Thursday morning, soaring past the $66,000 mark. This represents a 6.6% increase since yesterday and an 8.3% rise over the past week, with the current price standing at $66,245.22. Over the last 24 hours, approximately $82 billion in Bitcoin has been traded, reflecting significant market activity as per […]

Tornado Cash Developer Appeals Money Laundering Conviction

In a recent development, Tornado Cash developer Alexey Pertsev has lodged an appeal with the s-Hertogenbosch court of appeal following his conviction for money laundering on Tuesday. According to a court spokesperson, the appeal process could span several months before the initial hearing is scheduled. Currently, the court has not confirmed whether the appeal has […]

Bitcoin and Dogecoin Surge Amid Meme Stock Rally

In a vibrant day for cryptocurrency markets, Bitcoin’s price is soaring, reaching its highest level in three weeks at $65,872, as reported by CoinGecko. The leading cryptocurrency by market cap has experienced a notable 7% increase over the last 24 hours, and a steady 4% rise over the past month. This surge in Bitcoin’s value […]

Blast Network Announces Delayed Token Airdrop

Blast, an emerging Ethereum layer-2 scaling solution founded by the creator of the NFT marketplace Blur, has set a new launch date for its BLAST token airdrop: June 26. This announcement comes later than anticipated, acknowledging a shift from the originally projected May launch. In an effort to appease the community, the network’s official Twitter […]

Brothers Arrested for $25M Crypto Heist

In a groundbreaking case that is shaking the foundations of the cryptocurrency world, the United States Department of Justice has apprehended two brothers, Anton and James Pepaire-Bueno, on charges related to a massive $25 million heist executed via the Ethereum blockchain. This daring exploit was completed in a mere 12 seconds, leveraging a technique known […]