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Robinhood Implements Buying Restrictions on GameStop As Roaring Kitty Discloses $175M Bet

Robinhood recently limited purchases of GameStop (GME) shares following a significant rise in the stock's value triggered by Keith "Roaring Kitty" Gill's substantial investment disclosure. This restriction allows trades on Blue Ocean ATS within 20% above or below a reference price of $22.99, rejecting orders to buy GME above $27.59 or sell below $18.39, with some users experiencing complete overnight buy restrictions. Gill revealed he had bought 5 million GME shares worth $115.7 million and $65.7 million in call options, leading to a 20% after-hours surge in GME's stock price. His return to social media has reignited market speculation, reminiscent of the 2021 short squeeze, boosting both GME stock and related meme coins.

Bitcoin ETFs Resume Inflow Winning Streak; BlackRock's IBIT Crosses $20B in AUM

Bitcoin exchange-traded funds (ETFs) have resumed their inflow streak, with BlackRock's iShares Bitcoin Trust (IBIT) crossing $20 billion in assets under management (AUM). After a period of flat to negative flows, spot ETFs have added $2.4 billion in assets over the past month. Notably, BlackRock's IBIT has become one of the top five ETFs in terms of inflows this year, reflecting growing investor confidence and interest in bitcoin-related investment products​.

Trump Becomes First Major Party Candidate to Accept Crypto Donations

Donald Trump has become the first major party U.S. presidential candidate to accept cryptocurrency donations for his campaign. This historic move underscores his growing support for digital currencies and aligns with his recent pro-crypto rhetoric. The campaign will accept contributions in Bitcoin, Ethereum, and other cryptocurrencies, marking a significant shift in political fundraising strategies. You can listen as it first unfolded here.

Mt.Gox Transfers $9B Bitcoin to Single Address as Part of Repayment Plans

Mt. Gox has moved $7 billion worth of Bitcoin as part of its repayment plans, causing a significant plunge in BTC prices. This large-scale transfer has sparked concerns and volatility in the market, reflecting the potential impact of substantial cryptocurrency movements on Bitcoin's value. The move is part of the defunct exchange's efforts to repay creditors, further illustrating the ongoing repercussions of the Mt. Gox bankruptcy on the crypto market.

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