Everything web3, crypto, defi, degen
In brief Shares of ETHZilla (ETHZ) jumped 14% on Monday after Beyond Meat investor and influencer Dimitri “Capybara Stocks” Semenikhin got behind the firm. Semenikhin claims to have purchased more than 2% of shares due to the steep discount between its trading market cap and the net value of assets. The company said Monday that…
In brief Dimitri “Capybara Stocks” Semenikhin has emerged as the leader of the Beyond Meat meme stock movement, akin to Roaring Kitty during the GameStop craze. Semenikhin is a 28-year-old Russian man living in Dubai and working for his family real estate development company. He started posting on Reddit under the Capybara Stocks pseudonym as…
In brief Beyond Meat stock has dropped sharply from its Wednesday high, which came after it surged by 1,435% over six days. A prominent BYND trader believes this is just a healthy retrace after “mass hysteria” pumped the BYND stock. However, some analysts believe the hype will fade and the stock will return to its…
In brief Meme stock traders have rallied behind Beyond Meat after noticing a stack of short sellers targeting the stock. Investors jumping on the trend are hoping to replicate the mania of GameStop’s 2021 short squeeze. So far, BYND has pumped by nearly 1,000% over the last five trading days. Meme stock traders believe that…
In brief The pseudonymous Buzzlamic Jihad has joined Aptos as an advisor, after months of memes he posted on social media helped pump the token in February. Buzz told Decrypt he wants to fix Aptos’ image problem and position it as a premium stablecoin network. He also plans to leverage his long-time relationship with the…
In brief Gemini debuts on Nasdaq with $4.4B valuation, shares up 22.6% amid regulatory drama with CFTC nominee. Figure launches public trading at $5.3B valuation as crypto lending meets capital markets. Tokenization gains momentum with BlackRock eyeing ETF tokenization and Nasdaq proposing tokenized stock trading. Public Keys is a weekly roundup from Decrypt that tracks…
In brief GameStop disclosed 4,710 BTC on its balance sheet, valued at $528.6 million with $28.6 million in unrealized gains. Net loss narrowed to $18.5 million from a $44.8 million profit in Q1. Revenue slipped to $673.9 million from $732.4 million while operating costs fell as collectibles sales rose. GameStop narrowed its quarterly loss after…
In brief A collector recently walked away with 1 BTC from a $13 pack of cards purchased from GameStop. The card came in via card manufacturer Cardsmiths’ Currency Series, which contains cards redeemable for real cryptocurrency. The pull marks at least the third overall 1 BTC find in the last year. GameStop doesn’t sell Bitcoin…
In brief BTCS is paying investors a “loyalty payment” to make shares illiquid. The company’s shares are trading below the value of its crypto holdings. BTCS CEO Charles Allen said short sellers are targeting the firm. Ethereum treasury firm BTCS has offered investors a one-time payment for making their shares illiquid on Monday, saying that…
Millions of people worldwide are seeking to break free from the old way of investing. Today, investors have charts, real-time news, communities and commission-free trading platforms guiding their financial decisions and behaviors. Millions of people are looking to crypto for a better user experience. Crypto markets have democratized information sharing, provided open, 24/7/365 access to investments,…
