With digital-market merchants taking GameStop’s inventory gyrations as a second for self-reflection, CoinDesk’s Market Every day is again with the
With digital-market merchants taking GameStop’s inventory gyrations as a second for self-reflection, CoinDesk’s Market Every day is again with the newest information roundup.
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This episode is sponsored by Nexo.io.
At the moment’s tales:
What does GameStop imply for cryptocurrencies?
Digital-market merchants discovered amusement within the GameStop saga. In addition they noticed a chance for self-reflection. Right here’s what Niall Ferguson, Caitlin Lengthy, Mati Greenspan and Jonathan Mohan mentioned.
“Gotta admit it’s actually one thing to see Wall Streeters with an extended historical past of treating our financial system as a on line casino complain a few message board of posters additionally treating the market as a on line casino. In any case, Tax the Wealthy,” U.S. Consultant Alexandria Ocasio-Cortez writes. (Twitter)
Guggenheim CIO Minerd, who has predicted a bitcoin value of $400Okay, tells Bloomberg TV the bottom of institutional consumers is “simply not there” to push bitcoin’s value above $35,000 (CoinDesk)
Blockstream buys $25M of bitcoin mining machines from MicroBT (CoinDesk)
Crypto’s younger believers stoke craze for penny shares in corporations with publicity to bitcoin (Bloomberg)
Driving the coattails of crypto’s bull run, DeFi token UNI from Uniswap breaks $15 on Coinbase change, has practically doubled in previous seven days (CoinDesk)
GameStop backlash might result in curbs on “memetic disturbances,” and even “the squeezening,” Preston Byrne writes in op-ed (CoinDesk Opinion)
Market chaos fueled by bands of retail merchants reportedly results in counter-measures from Wall Road corporations TD Ameritrade and Wells Fargo, as a spokeswoman for U.S. President Joe Biden says the brand new administration is “monitoring” the GameStop scenario (CoinDesk)
U.S. Securities and Trade Fee “actively monitoring the continued market volatility within the choices and equities markets” (SEC)
“What appears to be unfolding here’s a crypto-esque farce combining unstable buying and selling and chatroom-driven suggestions paying homage to cryptocurrencies like bitcoin and penny shares, all in a market juiced by pandemic stimulus,” Lionel Laurent writes in column (Bloomberg Opinion)
Goldman Sachs strategist joins refrain saying “purchase the dip” in shares (Bloomberg)