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GameStop Approves Plan To Buy Bitcoin (BTC) As Treasury Reserve Asset

GameStop Approves Plan To Buy Bitcoin (BTC) As Treasury Reserve Asset

GameStop is preparing to add Bitcoin to its balance sheet as a treasury reserve asset. The video game retailer, which became a viral sensation among retail traders in 2021, just announced that its board has unanimously approved the move. In new SEC filings, GameStop says the move is part of the firm’s strategy to use […]

The post GameStop Approves Plan To Buy Bitcoin (BTC) As Treasury Reserve Asset appeared first on The Daily Hodl.

Ethereum devs prepare final Pectra test before mainnet launch

Gamestop Considering Bitcoin Purchase, Along With Group of Altcoins: Report

Gamestop Considering Bitcoin Purchase, Along With Group of Altcoins: Report

Gamestop is exploring whether to add Bitcoin to its balance sheet, according to a new report. The video game retailer, which became a viral sensation among retail traders in 2021, is considering whether to buy BTC and other unnamed altcoins, reports CNBC. Gamestop (GME) shares are up about 5.5% in the last week – rising […]

The post Gamestop Considering Bitcoin Purchase, Along With Group of Altcoins: Report appeared first on The Daily Hodl.

Ethereum devs prepare final Pectra test before mainnet launch

Roaring Kitty returns with cryptic X post, Solana-based CHEWY memecoin soars 28%

Despite the Chewy token’s near 30% rally, Gill’s cryptic post seems to suggest that he is dropping the Chewy company, not endorsing it.

A dog-themed memecoin is surging after the enigmatic return of Keith Gill, also known as “Roaring Kitty,” the individual credited with sparking the GameStop short squeeze.

After an over two-month hiatus, Gill returned to social media with a cryptic X post depicting Solana-based memecoin Chewy (CHWY). Gill shared the below image in a Sept. 6 X post:

Roaring Kitty, Chewy post. Source: Roaring Kitty

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Ethereum devs prepare final Pectra test before mainnet launch

Gamestop Whale Roaring Kitty Sued for Securities Fraud

Gamestop Whale Roaring Kitty Sued for Securities FraudKeith Patrick Gill, also known as “Roaring Kitty,” an investor in Gamestop stock, has been sued in the Eastern District of New York for allegedly committing securities fraud. The lawsuit alleges that Gill, using social media posts on X and Reddit, orchestrated a pump-and-dump scheme by manipulating the public to purchase Gamestop (GME) and then […]

Ethereum devs prepare final Pectra test before mainnet launch

Gamestop-Related Meme Coins Surge With Roaring Kitty Up 161%, GME Token Up 80%

Gamestop-Related Meme Coins Surge With Roaring Kitty Up 161%, GME Token Up 80%Gamestop and Wall Street Bets-related meme coins are experiencing a significant rise on Friday, with many achieving double and triple-digit increases. The token roaring kitty (KITTY) climbed 161%, while GME is up 80% over the past day. Keith Gill Speculation Drives Roaring Kitty and GME Tokens to New Heights While Gamestop shares have had a […]

Ethereum devs prepare final Pectra test before mainnet launch

3 reasons why Bitcoin failed to break above $72K

Regulatory uncertainty and volatile macroeconomic events may weaken further upside in the BTC price in the near term.

Bitcoin (BTC) registered a 5.9% gain between June 2 and 5, but its rally was halted at $71,746. This movement was supported by a nearly $1 billion worth of inflows into U.S.-listed Bitcoin spot exchange-traded funds, indicating strong demand from institutional investors.

Bitcoin’s bullish momentum was also fueled by the significant growth of the U.S. banking sector’s unrealized losses. However, despite favorable conditions, including a more crypto-friendly stance from U.S. lawmakers, Bitcoin was unable to break above $72,000.

According to Matt Hougan, Bitwise’s chief investment officer, regulatory uncertainty has hindered financial advisers from increasing their crypto exposure. Nevertheless, Hougan believes the U.S. is moving toward regulatory clarity, a shift that began when Democrats voted to repeal the U.S. Securities and Exchange Commission's (SEC) Staff Accounting Bulletin 121.

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E-Trade mulls booting meme stock trader Roaring Kitty: WSJ

The trading platform is reportedly concerned that the veteran meme stock trader could use his influence to pump his own GameStop holdings.

Online brokerage platform E*Trade is reportedly considering removing GameStop (GME) meme stock trader Keith Gill, known as “Roaring Kitty,” off its platform over concerns of potential stock manipulation.

Before Gill suddenly returned to X last month — which sent shares in GameStop surging — he bought a large volume of GME options on E*Trade. Some of these expired that week and likely netted him a profit, The Wall Street Journal reported on June 3, citing people familiar with the matter.

The firm and its owner, Morgan Stanley, are concerned Gill can use his influence to pump GME for his benefit and are debating whether recent posts on X and Reddit could be considered manipulation, the sources said.

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Gamestop Hero ‘Roaring Kitty’ Posts $250,000,000 Gains After Risky Call Option Trades

Gamestop Hero ‘Roaring Kitty’ Posts 0,000,000 Gains After Risky Call Option Trades

The leader of the Gamestop (GME) short squeeze movement is sitting on potentially one of the best trades of all time shortly after his dramatic comeback to the public eye. Keith Gill, who goes by ‘Roaring Kitty,’ is currently looking at hundreds of millions of dollars in gains after building a massive call option position […]

The post Gamestop Hero ‘Roaring Kitty’ Posts $250,000,000 Gains After Risky Call Option Trades appeared first on The Daily Hodl.

Ethereum devs prepare final Pectra test before mainnet launch

GameStop rallies overnight as Roaring Kitty reveals $180M GME position

Keith Gill, the trader linked to the 2021 GME short squeeze, has returned to Reddit claiming he’s made a big bet on GameStop, sending the stock’s price surging overnight markets.

GameStop (GME) surged over 19% in overnight trading after Keith Gill, known as “Roaring Kitty,” posted to Reddit that he’s holding $181.4 million worth of GME stock and call options. 

Gill, the trader widely cited as a major influence on the 2021 GME short squeeze, posted to Reddit on his “DeepFuckingValue” account on June 2 for the first time since April 2021.

He shared a screenshot apparently showing he purchased 5 million GME shares for $115.7 million and put $65.7 million into call options, betting that GME would be at least $20 a share on June 21.

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Ethereum devs prepare final Pectra test before mainnet launch