Meme Stock Mania Fades for GameStop and AMC
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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
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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
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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
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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
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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
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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
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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
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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 […]