GameStop Stock Plummets by $3 Billion as Shareholders Express Concerns Over Bitcoin Strategy

GameStop witnessed a significant drop in its market capitalization, losing around $3 billion as investors turned their attention to Bitcoin investments. This shift in focus led to a decrease in GameStop’s stock price and overall value. The surge in popularity of Bitcoin and other cryptocurrencies has attracted many investors who see them as potential lucrative [...]

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Federal Investigators Probe Silicon Valley Bank Collapse; SVB and Top Execs Sued by Shareholders

The parent company of Silicon Valley Bank, SVB Financial Group, and two senior executives have been sued by shareholders after SVB’s collapse last Friday. The proposed class action accuses SVB of hiding the fact that interest rate hikes would leave the bank in jeopardy. Additionally, anonymous sources say the U.S. Department of Justice (DOJ) and [...]

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Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy

B. Riley suggested the embattled miner’s issues were “self-imposed” and outlined a path for it to avoid bankruptcy.

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Switzerland preparing emergency measures for UBS’ takeover of Credit Suisse: Report

The Swiss National Bank (SNB) and Switzerland’s financial regulator reportedly believe that the acquisition of investment bank Credit Suisse by UBS, Switzerland’s largest bank, is the “only option” to prevent a “collapse in confidence” in Credit Suisse. According to a March 18 Financial Times report citing three people familiar with the situation, Switzerland is preparing [...]

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UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS is requesting that the government issue a backstop to protect against any losses if it purchases Credit Suisse. According to unnamed sources familiar with the [...]

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Is MicroStrategy a bubble? What is the risk for Bitcoins price?

MicroStrategy offers leveraged Bitcoin exposure, amplifying risk but potentially offering higher returns with repurchasing options.

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