Crypto Treasury Stocks Dump After New Investments, Bringing PEPENODE’s Presal...
Crypto treasuries lose stock value after announcing new crypto investments, while Bitcoin took a dive to $111,676. Helius Medical Technologies is among the first to fall after announcing its first $SOL investment yesterday. The company acquired 760,190 $SOL at an average $231 for over $175.6M. Following the press release, $HSDT took a tumble down the stairs, losing 33.61% by closing at $16.02. CEA Industries, backed by former Binance CEO Changpen Zhao, met a similar fate after announcing its $500M deal this past Sunday to start stacking $BNB. It too lost 19.5%, closing the day at $7.80.....
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Pepenode’s presale just passed the $800K mark, following a surge in investor interest shortly after it started. The project’s appeal comes from its mine-to-earn mechanics, which enable meme coin mining in a customized rig, but that’s not necessarily the innovative part. The innovative part is that you get to craft your own rig yourself and […]
Like penny stocks traded on the NYSE or those on pink sheets, cryptocurrency is a prime target for pump and dump scams. For those with buying power, it's an easy way to get rich quick by inflating the price. For everyone else, nine out of ten times, you will lose. This is one of several reasons people are afraid to trust Bitcoin. For those of you who don't know how the pump and dump works, it's fairly straight forward. They are also illegal in the market, though federal agencies do not actively protect Bitcoin users. Pump and dump scams involve two groups of people. First there are the....
Sharplink Gaming (SBET), which became the first public company to establish an Ethereum treasury, hasn’t had it easy since making this major move. The company’s shares have plummeted amid reports that investors plan to offload their stocks following the creation of the ETH Treasury. Sharplink Gaming’s Stock Plummets Following Ethereum Treasury Move In an X […]
Bitcoin is among the world’s most important assets, but owning it directly is not the only way to get exposure. A growing number of public companies hold massive amounts of Bitcoin on their balance sheets. For investors buying these stocks, it can sometimes offer even greater upside than holding BTC itself. Why Some Bitcoin Stocks […]
The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto assets, it bears the hallmarks of a classic pump and dump scheme,” said the SEC. SEC Charges 2 Firms in Crypto Pump-and-Dump Case The U.S. Securities and Exchange Commission (SEC) said Friday that it has filed charges against two firms and four individuals allegedly perpetrating a cryptocurrency pump-and-dump scheme. The two companies are Bermuda-based Arbitrade Ltd. and Canadian....