Why a GameStop-Inspired Mania Is Unlikely in China’s Stock Market
It would be logistically challenging for Chinese retail investors to organize a short-selling campaign, especially with the authorities watching.
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The overextended stock market bubble was already close to bursting, but some recent turmoil involving skyrocketing GameStop shares and a Reddit-driven short squeeze might break the already thin ice. If this happens, and the stock market turns down in a big way while Bitcoin is on critical support, there could be another sharp plunge across the greater market. GameStop: The Short Squeeze That Rocked The Stock Market Legacy markets are in an uproar today, following […]
WallStreetBets traders coordinated buying of GameStop stock to squeeze short-selling hedge funds – but was that collusion?
What the GameStop stock market chaos can teach crypto and why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto. Also the privacy concerns around China’s digital yuan.
At the end of May, crypto advocates discovered a website created by the video game retailer Gamestop. The web portal disclosed that Gamestop was entering the world of blockchain tech and non-fungible token (NFT) assets. Gamestop’s NFT web portal has recently been updated and is requesting creators to sign up for the platform. Gamestop NFT Website Hints at Upcoming Marketplace Launch Gamestop (Nasdaq: GME) has had an interesting year, to say the least. It all started at the start of the year in January, when the Reddit forum r/wallstreetbets sparked a Gamestop shares trading war....
After skyrocketing above $370 following the Reddit-driven short squeeze, GameStop shares are now trading at around $160. GameStop Corporation, an American gaming and consumer electronics retailer, has announced its plans to sell up to 3.5 million GME shares following the stock’s massive and controversial rally.The firm announced Monday that it has filed a prospectus supplement with the United States Securities and Exchange Commission, under which it may offer and sell up to 3.5 million shares of GME stock via an at-the-market, or ATM, equity offering program. GameStop said that its total....