GameStop Financial News

The Ethereum price has risen by 1.5% in the past 24 hours, with its move to $1,881 coming as the wider cryptocurrency market also sees a modest gain today.

A new meme crypto asset, $BILL, has captured the interest of the crypto community. 

NBA 2K24, set to release on September 8, for PlayStation 5, Xbox Series, PlayStation 4, Xbox One, Switch, and PC. This highly anticipated edition will offer cross-play compatibility between PlayStation 5 and Xbox Series, allowing players to connect and compete across platforms. The game pays tribute to the legendary Kobe Bryant and a true basketball icon. Bryant's exceptional career, marked by 18 All-Star appearances, five NBA championships, two Finals MVP awards, two Olympic Gold Medals, and being the all-time leading scorer for the Los Angeles Lakers, will be honoured with the NBA 2K24 Kobe Bryant and Black Mamba editions. These special editions will feature Bryant as the cover athlete, commemorating his legacy and profound impact on the sport. Greg Thomas, President of Visual Concepts, expressed their excitement for celebrating 25 years of NBA 2K with Kobe Bryant and acknowledged the significant influence he has had on basketball. Alongside this milestone, NBA 2K24 will introduce innovative technological advancements and incorporate community-requested features, including the highly anticipated cross-play functionality, connecting players from different platforms. Through NBA 2K24, fans will be able to experience the rich history of the franchise while embracing the advancements and future of the game, all while paying homage to the remarkable legacy of Kobe Bryant.

The DOGE2.0 meme token has rallied by a massive 8,000% in the past couple of days, with its move to $0.00000001404 today representing a gain of 13% in the last 24 hours.

The Pepe Coin price has risen by 4% in the past 24 hours, jumping to $0.00000173 amid a market-wide rally today.

The KSI Token has risen by 430% in the past 24 hours, with the new meme token – themed after YouTuber-cum-boxer KSI – exploding by more than 50,000% since listing directly on Uniswap yesterday.

The XRP price has dipped by 0.4% in the past 24 hours, amid a slightly bigger dip for the cryptocurrency market as a whole.

The price of Ethereum (ETH) has dipped slightly today, dropping to $1,954 as the cryptocurrency market as a whole rises by 0.5% in the past 24 hours.

The Pepe price has risen by 1% in the past 24 hours, with its move to $0.00000175 also representing a 10% gain in the past week.

The Reddit-induced meteoric rise and fall of GameStop appears to have calmed after a wild two-week ride pitting small investors against Wall Street titans. The fallout may take longer to assess as Washington's lawmakers and regulators work to figure out just what happened when the retail investor army took on Wall Street and Robinhood, and where to go from here.

Shortening the time it takes to settle a trade might have helped smooth out the volatile ride investors took on GameStop trading last month, Robinhood CEO Vlad Tenev told the House Financial Services Committee last week.And now, it appears one of Wall Street’s major clearing firms agrees.

Markets were resilient last week in the face of extreme volatility and high volume after an army of retail investors on Reddit banned together to buy GameStop shares and force a short-squeeze among hedge funds, regulators said Thursday. However, regulators said they still want to take a closer look at trading practices to ensure markets are fair for all investors—with an emphasis on all.

The stock market last week took a raucous rollercoaster ride, with prices swinging high and low in the blink of an eye, and volatility soaring. The culprits? Retail investors.

Retail investors—the very people who helped propel Robinhood to prominence in online trading—may have also been the ones who took the shine off the company’s initial public offering.

The trading isn’t over, but maybe the party is. Robinhood Markets, known for its popular trading app, says it’s doing away with the shower of confetti that typically animates an app user’s screen after trades and other transactions. 

Young investors trading meme stocks based on social media haven’t caused a financial meltdown yet, but the Federal Reserve said it’s keeping an eye on them.

The U.S. Securities and Exchange Commission (SEC) issued a warning on Monday to the markets amid ongoing volatility in AMC, the latest stock to be whipsawed by retail investors, including those on Reddit message boards. 

Gary Gensler has been on the job for just three weeks, but the new head of the Securities and Exchange Commission (SEC) has already unveiled a big agenda aimed at fintech companies, with issues ranging from recent stock market frenzies to cryptocurrency regulation on the list.

It's a new day for retail investors: The CEO of AMC Entertainment has given them a shout-out, offering a direct line to his company and special perks at his theaters. And they rewarded him handsomely by pushing AMC shares up more than 100% in one day to a record high.

A tracking tool introduced Thursday by Nasdaq opens a window on stocks and exchange-traded funds with the most activity among small, individual traders. 

Luck Token (LUCK) has crashed this morning after a surge saw it gain as much as 1,000% in 24 hours, with its price currently standing at $0.0004712.