Roaring Kitty faces securities fraud claims in ‘doomed’ GME lawsuit
    01 Jul 2024

    Keith Gill, a stock trader known for the 2021 GameStop short-squeeze, is facing securities fraud claims in a class-action lawsuit over a recent spate of social media posts that saw the price of GameStop (GME) stocks whipsaw violently between May and June. However a former federal prosecutor believes the lawsuit is likely “doomed” to fail….

    NFT sales fell 44% as crypto dipped, memecoins steal ‘mind share’ in Q2
    01 Jul 2024

    A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of non-fungible tokens (NFTs) in Q2, according Apollo Crypto’s investment chief. Data from CryptoSlam shows NFT sales fell from $4.14 billion in Q1 to $2.32 billion in Q2 as part of a…