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The metaverse is dead, long live the metaverse.
Meta introduces SAM 2, the first unified model for segmenting videos and images, enhancing media processing capabilities. (Read More)
This feature leverages blockchain technology to offer users permanent, tradable digital identities.
The growing malaise for metaverse hype is reminiscent of the AI sector directly before the launch of GPT-3.
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.
When you hear Smart Contracts, you often think Ethereum or blockchain. But what if I told you that Smart Contracts have been used for over a quarter of a century? A smart contract is a software thats enforcing the terms of a contract-like arrangement between third parties. Such an agreement reduces the need for you […]
The post A brief history of Smart Contracts appeared first on cryptomaton.
Keith Gill is facing a new class-action lawsuit for his recent social media posts. However, a lawyer says the case is likely doomed to fail.
Keith Gill, known by his online moniker “Roaring Kitty,” now faces legal trouble for alleged securities fraud concerning his recent tweets about GameStop [GME]. The lawsuit, filed by Dynamis LLP, claims that Gill’s social media activities misled investors, resulting in significant financial losses. Gill went viral in 2021 for kickstarting the meme stock frenzy by […]
Beeple's latest NFT artwork, depicting a cat resembling Roaring Kitty being killed, has sparked controversy and speculation amid the ongoing GameStop frenzy and discussions surrounding meme coins.
The post Beeple’s jab at Roaring Kitty sparks speculation amid GameStop frenzy appeared first on Crypto Briefing.
If GameStop opens at its current after-hours price, Roaring Kittys holdings would be worth around $1 billion.
The meme, the man, the legend Keith The Roaring Kitty Gill is back online and in full swing following the recent bullish movements of GameStop. After a long period of silence, Keith announced a livestream due to take place today, June 7 2024. There was no other information shared apart from whats in the screenshot […]
The post The Kitten Roars Again – The Full Story of Keith Gill appeared first on cryptomaton.
GME memecoin may see a significant correction, similar to the dramatic drop Dogecoin experienced following Elon Musk's appearance on SNL.
Regulatory uncertainty and volatile macroeconomic events may weaken further upside in the BTC price in the near term.
Solana meme coin GME has sparked a market frenzy! The GameStock token exploded after Roaring Kitty a.k.a Keith Gill, revealed that he owns over $115.7 million worth of shares in the video gaming retailer. Apart from the shares, the influential investor, recently posted a screenshot on r/SuperStonk subreddit, divulging, that he also has about $65.7 million in call […]
After a three-year absence from Reddit, Keith Gill, a.k.a Roaring Kitty the name behind the GameStop Corporation meme stock saga revealed that he owns over $115.7 million worth of shares in the video gaming retailer. Apart from the shares, the influential investor, posted a screenshot on r/SuperStonk subreddit, divulging, that he also has about […]
The echoes of 2021’s meme stock saga reverberated through financial markets this morning, as the obscure ROAR meme coin and video game retailer GameStop experienced a meteoric rise fueled by social media nostalgia. The catalyst? The return of a familiar face Keith Gill, better known by his online moniker “Roaring Kitty.” Related Reading: Dogecoin Under The Microscope Historical Data Points To Rebound Kitty Claws Back In Retail investors were sent scrambling after Gill, a superstar among the online investment community on Reddit’s WallStreetBets forum, posted a cryptic message hinting at a significant stake in GameStop. The post, featuring an image of the “Uno Reverse” card, sent speculation into overdrive. Shortly after, Gill confirmed his bullish stance by revealing a massive holding of 5 million GameStop shares, valued at roughly $116 million based on Friday’s closing price. In the 20 minutes that followed Gill’s post, GameStop’s stock price on Robinhood’s overnight markets shot up by 20% to $27.50. This increase followed the stock’s Friday closing price of $23.14. This year, the shares have increased by almost 40%, presumably as a result of Gill’s sudden comeback. This disclosure sent shockwaves through the market. GameStop’s stock, infamous for its volatility during the meme stock frenzy of 2021, surged over 100% at its peak in pre-market trading on Monday. NOW: GameStop soars after the Reddit account that drove the meme-stock mania of 2021 posted what appeared to be a $116 million bet https://t.co/0mnyJF4lIf pic.twitter.com/rpRdA2AIWL Bloomberg Markets (@markets) June 3, 2024 While the price eventually settled to an impressive 88% increase, the roar from retail investors was undeniable. The ROAR meme coin, seemingly named in homage to Gill’s online persona, mirrored the GameStop price surge of over 300%, reaching a high of $0.001643. A Meme Stock Revival? The sudden rise of both ROAR and GameStop has reignited the debate surrounding meme stocks. These assets, often characterized by high volatility and driven more by online hype than traditional financial metrics, captured the imagination of retail investors in 2021. Gill, who played a pivotal role in the initial GameStop saga, appears to be a key player in this potential revival. However, analysts remain cautious. GameStop itself is in a precarious position, having recently sold a massive chunk of shares to bolster its finances while facing continued net losses and projected sales declines. The company’s long-term prospects remain uncertain, raising questions about whether this is a genuine resurgence or simply a nostalgic echo of 2021. Related Reading: Notcoin Unstoppable! Token Soars Over 400%, Blazes New All-Time High Weighing Hype Against Reality The recent surge in ROAR and GameStop presents a classic risk-reward scenario for investors. Early participants who bought in at lower prices stand to reap significant profits. However, the inherent volatility of meme stocks poses a significant danger of substantial losses. Featured image from HubPages, chart from TradingView
The allegations come weeks after Citron Research revealed its short position in GameStop.
Bitcoin flirted with $70,200 on June 3, but traders fear excessive leverage might be a double-edged sword.
After two silent weeks, Roaring Kittys latest roar has shaken the crypto market. The renowned trader has again set the world ablaze after revealing his substantial 5 million GameStop shares holdings. Following his posts, GameStops shares soared in the premarket by 90%, and the Solana-based tribute token, GME, skyrocketed by 300%. Related Reading: Crypto Guru Unveils Best Altcoins To Buy Now Roaring Kittys Return To Reddit Sets Market On Fire On Sunday night, Keith Gills, known as Roaring Kitty, returned from a two-week hiatus. The trader, known for his role in the GameStop saga, wreaked havoc after posting on Reddit for the first time in three years. Roaring Kittys GME YOLO Update post unveiled that Gill owns 5 million GameStop shares, worth around $115 million. Additionally, he has $65 million worth of GME option calls with a $21 strike expiring on June 21. The revelation seemingly congested the order flow immediately as the volume of investors trying to buy GME Shares skyrocketed. As one X user informed, orders were being canceled, even when you put in a high-risk ask. According to the investment research platform Quiver Quantitative, Roaring Kittys net worth could surpass former House Speaker Nancy Pelosis, depending on how GME moves this Monday. Gills GME position sat him at a $210 million net worth at the time of the post. Meanwhile, Pelosis estimated net worth rounds the $245 million mark, making her the second-richest US politician on Quivers list. At the start of Monday, GameStops GME price had risen 93% at the premarket open, reaching $45.73. As reported by an X user, based on the premarket price, his position increased by around $300 million. If GME reaches the $70 range, Gills position would be worth over $1 billion. Solana-Based GME Jumps 300% Roaring Kittys ripple effect also drove attention to the Solana-based memecoin GME. Solanas GME was launched in February 2024 as a tribute to GameStops meme stock event from 2021. During the traders first return to the crypto space on May 13, Solanas GME saw a surge of 3,921%. The token went from trading for $0.0004914 to $0.01976 before retracing to the $0.0035 price range in the following days. As Roaring Kitty went silent, the Solana memecoin hovered between $0.0035-$0.0040. However, Gills latest post has fueled market interest in the token by 1,500%, with a daily trading volume of $237 million. Moreover, the token has increased by over 300% since the traders posts, going from $0.003907 to $0.01594 as Monday started. Lookonchain reported that a GME whale’s smart trading move was paying off. According to the post, a whale has shown a track record of buying Solanas GME at low prices and selling it at highs. In February, a trader spent 1,409 Solana (SOL), worth around $165,000, to buy 68 million GME following the tokens first price drop. After Gills first comeback, the trader sold $35 million GME for 3,447 SOL, worth around $503,000. Related Reading: Notcoin Unstoppable! Token Soars Over 400%, Blazes New All-Time High This trader bought another 78.57 million tokens worth 3,059 SOL when the price fell to $0.0067. At the time, the whale had around $593,000 in unrealized profits. Following Roaring Kittys second return, the traders holdings of 108 million GME tokens. His current holdings are worth around $1.5 million and represent an unrealized profit of $1.37 million on the Solana-based memecoin. Featured Image from Unsplash.com, Chart from TradingView.com
Roaring Kitty, one of the main orchestrators of the GME saga, could be on track to become the first GME billionaire if the pump continues.
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