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“#Meme stocks will just keep rising, market-watchers say” The Federal Reserve’s signal that it could eventually raise interest rates — though not anytime soon — isn’t likely to stop the rise of meme stocks, analysts and investors said. In fact, there’s not much the Fed will do that will affect meme stocks at all, market…
“# Bitcoin ‘Moonvember’ begins as data shows November is best month for S&P 500 ” Bitcoin (BTC) bulls are betting on a solid month for BTC price action, as November traditionally sees strong gains for United States stocks. Data shows that November has been the best performing month for the S&P 500 since 1985. November…
“# Cathie Wood’s ARK snaps up $80M Robinhood shares after crypto led price dip ” ARK Invest, the investment management firm focused on innovative tech led by Cathie Wood, took advantage of a dip in the price on Wednesday to buy nearly $80 million worth of Robinhood stock. As per daily trading data, Wood’s ARK…
“#Bitcoin tumbles amid filing for ETF that would bet against it” The price of bitcoin fell Wednesday morning amid a filing for a new exchange traded fund that will bet against the price of the cryptocurrency. Bitcoin was down almost 7 percent at $58,475 per coin Wednesday morning, down more than 12 percent from its…
“# Redditors cheer as GameStop assembles team of NFT experts ” GameStop (GME) is assembling a team of blockchain and NFT experts to work on the firm’s upcoming NFT platform. The firm’s GME stock is a cult favorite amongst retail traders as a result of the r/wallstreetbets and Robinhood saga earlier this year. On Reddit…
“# Citi’s bullish Coinbase target: ‘Buy crypto’s general store’ ” Financial services multinational Citi initiated coverage of U.S. crypto exchange Coinbase’s stock this week with a very bullish price target. Citi analyst Peter Christiansen told investors that they could “buy crypto’s general store,” in a research note published on Tuesday, Oct. 26. Citi has given…
“#Trump SPAC targeted by Iceberg Research after massive rally” The special purpose acquisition company that plans to take former President Donald Trump’s media venture public is now the target of short-seller Iceberg Research — despite the stock’s huge rally last week. The firm announced its bet against the Trump SPAC, Digital World Acquisition Corp., in a…
“# Valour Uniswap exchange-traded product to increase UNI exposure ” Valour, a Zurich-based exchange-traded products (ETP) issuer, announced the launch of a fully-backed investment product to increase exposure to Uniswap decentralized exchange’s native token, UNI. The UNI token serves as the underlying asset within the Valour Uniswap ETP offering available as a fully-backed passive investment…
“#Gary Gensler’s overregulation would sink ‘meme’ markets” BEVERLY HILLS, Calif. — Gary Gensler and his Democratic colleagues on the Securities and Exchange Commission will try to sell their long-awaited report on the “meme stock” trading frenzy as a clarion call for more regulation. But if you remove the report’s propaganda, it shows that our markets…
“#These hedge funds stand to score big on Trump SPAC frenzy” With shares of Trump SPAC Digital World Acquisition Corp. soaring, a slew of hedge funds that previously reported owning shares in the company stand to win big — and at least one has already cashed in. DWAC is a special purpose acquisition company, or…