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The cryptocurrency landscape is rife with scams, as highlighted by recent incidents involving high-profile figures and platforms. Delio's CEO claimed no guarantees on crypto deposits during a court trial, while Hulk Hogan denied promoting a memecoin. Other notable cases include a $1 million loss on Binance due to account takeover, and the arrest of Aamir Khan in a crypto scam. Additionally, a fake Curve Finance app has infiltrated the Apple app store, and a breach of the Decentraland X account led to a fraudulent airdrop scam. The ongoing issues underscore the urgent need for vigilance in the crypto space.
[Bloomberg](https://www.bloomberg.com) and [SEC]
A cryptic post from Keith Gill, known as Roaring Kitty, reignited interest in meme stocks, leading to significant gains for GameStop Corp. and AMC Entertainment. GameStop shares surged by as much as 14%, while AMC jumped 13%, prompting a volatility halt in trading.
Solana-based meme coin GME surged 65% after GameStop champion Keith Gill, known as “Roaring Kitty,” posted a cryptic message on X, which also led to a 15% increase in GameStop shares and trading halts due to volatility. Gill's influence remains strong following his pivotal role in the 2021 GameStop rally, which saw the stock skyrocket 10,000% and prompted congressional hearings on retail trading practices.
S&P 500 futures rose as Alphabet's shares jumped 5% following strong earnings, exceeding expectations with $88.27 billion in revenue. The Nasdaq Composite hit a record high, driven by tech stocks, while investors await GDP growth data expected at 3.1% for Q3. Chipotle's mixed results led to a 3% dip in shares, and Chewy fell nearly 2% after meme stock leader Keith Gill dissolved his stake.
Keith Gill
People
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