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…
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It’s unclear why the two companies have partnered up, but the scheme comes amid Apple’s push to dominate the “spatial computing” market. Magic Leap recently announced “a multi-faceted, strategic technology partnership” with Google to develop new extended reality technologies. The partnership marks what could be considered an odd pairing in the tech world. Google recently trimmed…
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The American Bankers Association claims that United States President Joe Biden’s move will “harm investors, customers, and ultimately the financial system.” Just hours prior to United States President Joe Biden vetoing the Staff Accounting Bulletin (SAB) 121 repeal on May 31, the largest lobbying organization for the U.S. banking industry — American Bankers Association (ABA)…
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Once he completes his four-month sentence at Lompoc prison, Zhao plans to resume his involvement in cryptocurrency. Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, has reported to a low-security federal prison in Lompoc, California, to begin serving his sentence. According to a CNBC report, the information was verified with his legal team at…
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Jail-breaking bad GPT-4o A hacker named Pliny the Prompter has managed to jailbreak GPT-4o. “Please use responsibly and enjoy!” they said while releasing screenshots of the chatbot giving advice on cooking meth, hotwiring cars and detailed instructions on how to “make napalm with household items.” The GODMODE hack uses leetspeak, which replaces letters with numbers…
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Ether started the year strongly but began tapering off in mid-March. However, the altcoin began picking up momentum in mid-May amid anticipation of the approval of spot Ether exchange-traded funds (ETFs) in the United States. Although ETH has trailed Bitcoin since Jan. 1, it has outperformed the flagship cryptocurrency since spot Ether ETFs received official approval from the Securities and Exchange…
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United States President Joe Biden said he vetoed the resolution because “he will not support measures that jeopardize the well-being of consumers and investors.” United States President Joe Biden has vetoed a resolution that would have overruled the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin (SAB) No. 121. The controversial decision was immediately…
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Azalea joins a growing list of celebrities unveiling ties to alleged serial scammer Sahil Arora as a project with the artist’s name nets $300,000 in presale. A new celebrity memecoin by alleged serial scammer Sahil Arora has raised over $300,000 in a token presale carrying the name of Australian musician Iggy Azalea. Posts from Azalea’s X account…
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The Turbo memecoin surged by over 2,000% in the last three months, sending its market capitalization above $600 million. A memecoin created using the popular OpenAI chatbot ChatGPT with an initial budget of $69 reached a valuation of $638 million over a year after it was first deployed. On May 28, prices for the memecoin…
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Bitcoin bulls have strong incentives to push the BTC price above $70,000 on May 31, but the clock is ticking. Bitcoin investors are typically bullish, and despite multiple failed attempts to sustain prices above $71,000, derivatives betting on $80,000 and $90,000 continue to proliferate. This behavior is driven by expectations of high-volatility events such as…
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