$103,767.00
0.45%$2,417.96
2.98%$2.42
0.59%$658.25
3.67%$171.46
0.30%$0.999998
0.00%$0.22798
9.06%$0.803729
1.14%$0.263575
1.44%$2,410.31
3.11%$103,652.00
0.55%$3.97
-0.76%$16.41
1.00%$24.69
5.81%$2,908.80
3.64%$0.304277
0.15%$0.00001595
3.33%$0.210043
3.25%$25.63
1.08%$3.39
3.58%$421.41
1.92%$8.71
-0.23%$1.00
0.01%$5.16
10.75%$103.00
4.16%$2,421.04
3.02%$319.85
5.34%$2,578.21
2.91%$4.82
6.21%$0.00001315
-0.48%$1.001
0.12%$0.732197
-2.50%$103,817.00
0.46%$1.00
-0.02%$30.29
-0.14%$6.68
4.52%$449.57
3.47%$3.00
2.81%$5.80
1.83%$221.19
5.22%$55.10
2.04%$1.042
0.81%$1.051
0.02%$19.59
2.02%$5.53
3.47%$0.102488
1.48%$1.00
0.00%$14.19
-0.90%$34.75
5.84%$0.105567
2.09%$22.25
2.16%$5.17
4.02%$0.0308107
3.21%$0.771401
-0.00%$0.259663
1.28%$0.868458
2.48%$5.02
2.97%$0.385519
2.11%$1.003
0.40%$103,029.00
-0.15%$0.239569
1.31%$3.07
1.90%$1.17
-0.00%$3.18
10.11%$0.399194
5.41%$0.589616
-0.41%$4.35
-0.05%$0.0000226
2.40%$1.18
2.69%$4.53
0.50%$1.032
5.54%$0.540509
3.79%$0.99885
0.10%$1,776.13
1.67%$2,419.61
2.96%$0.9567
11.66%$11.26
0.89%$179.66
0.66%$95.21
-0.36%$2,522.20
3.67%$1.35
1.03%$0.02028782
2.07%$0.253433
7.29%$0.778285
4.74%$1.29
0.23%$1.93
-5.04%$0.674642
2.43%$0.077804
1.97%$4.44
-4.92%$12.19
2.99%$103,393.00
0.73%$0.118682
8.18%$2,743.44
3.05%$1.002
0.16%$0.784415
0.89%$0.00010532
1.72%$1.062
3.78%$658.70
4.02%$0.938947
6.76%$0.999728
-0.00%$221.29
0.19%$0.01874514
0.59%$2,574.35
2.88%$1.00
0.25%$0.02027545
5.18%$3.07
5.96%$0.879046
19.40%$189.95
0.47%$0.01384304
-9.06%$0.346045
4.81%$42.31
3.37%$103,794.00
0.37%$0.836794
0.37%$3,333.25
0.15%$104,259.00
0.07%$0.08152
0.36%$2.42
5.21%$0.00000081
4.39%$3,338.87
0.30%$103,130.00
1.06%$1.00
0.02%$13.68
-7.52%$0.247466
3.58%$2,529.95
3.05%$0.613368
-1.94%$23.07
-0.04%$4.06
-0.43%$0.12424
3.20%$0.445233
3.26%$42.90
-0.01%$0.733442
6.72%$0.187427
11.01%$0.650792
5.46%$0.362276
5.11%$2.05
3.21%$2,524.89
3.44%$4.02
1.26%$0.998169
0.05%$0.998645
-0.15%$0.01829783
-3.36%$0.744797
-3.20%$1.72
17.47%$0.01038699
0.14%$1.10
-0.65%$0.227901
8.97%$0.00607398
-0.30%$0.177832
3.43%$0.470386
-1.83%$0.70518
4.21%$111.00
0.02%$19.21
1.16%$8.20
-0.19%$103,671.00
0.34%$0.481362
-0.20%$0.649505
4.40%$2,422.34
3.09%$0.524718
0.26%$2,574.61
3.07%$2,419.31
3.02%$0.998833
-0.13%$0.00002494
4.39%$2,469.49
3.82%$0.196985
0.33%$0.999329
-0.07%$103,538.00
0.54%$4.04
1.39%$6.83
5.41%$0.094737
8.29%$0.191308
7.43%$2.94
3.75%$0.065409
-2.85%$0.00890958
2.24%$100,351.00
-1.31%$0.999998
0.00%$0.100244
3.67%$1.66
1.24%$0.04730957
2.49%$0.00000045
1.75%$1.78
-1.71%$2,421.03
3.01%$0.164068
5.96%$0.00000109
4.88%$0.259489
1.34%$0.643477
-0.43%$1.58
0.53%$46.06
2.23%$1.096
0.90%$1.01
-0.17%$0.00592888
-5.26%$0.196742
10.37%$0.415965
6.63%$0.858928
4.00%$0.00007037
5.14%$0.00383037
11.68%$0.346074
-3.85%$0.00447247
1.44%$0.037694
0.70%$2,411.94
3.34%$0.01935555
2.07%$0.38388
0.89%$1.00
-0.27%$0.867777
3.07%$32.88
-0.55%$0.358547
0.84%$21.57
-0.77%$1.001
0.05%$1.29
5.81%$2,563.36
3.52%$134.07
2.14%$102,693.00
-1.37%$1.42
0.79%$0.277915
7.49%$4.11
7.25%$0.339234
21.35%$24.68
6.41%$3.00
1.82%$0.740759
-0.84%$25.58
0.62%$103,764.00
0.44%$2,656.88
3.00%$1.001
0.22%$0.00000159
-2.51%$2,637.65
3.08%$0.230027
0.11%$0.546504
3.32%$1.00
-0.00%$1.00
0.01%$0.00354527
0.07%$18.78
7.43%$2,419.25
2.93%$0.00
18.12%$1.10
0.10%$2,606.72
2.99%$0.03558242
0.34%$0.273327
15.36%$24.10
0.71%$0.585691
2.04%$25.62
0.94%$2,408.11
2.93%$0.28764
0.90%$0.122769
6.27%$0.00278434
8.36%$0.999861
0.07%$0.04077126
4.07%$3.44
-4.37%$0.825044
2.99%$3,327.34
0.07%$0.01431204
2.70%Reading
GameStop stock rose dramatically yesterday after being championed by a group of Redditors, fuelled in part by a growing resentment towards Wall Street.
After closing 2020 at about $18, GameStop’s stocks closed yesterday at a price of $147.98. This surge led the stocks to rise a further 50% overnight. And Redditors took great pleasure in undercutting the Wall Street hedge funds that shorted on GameStop stock, stating they “want to see the loss porn.”
/r/WallStreetBets about to blowup another hedge fund, this one valued at $13.1 BILLION before the Reddit trolls decided to all buy GameStop lol pic.twitter.com/aONX0SwEwb
— William LeGate (@williamlegate) January 26, 2021
But, according to Skybridge Capital CEO Anthony Scaramucci, this kind of thing bodes well for Bitcoin.
“The activity in GameStop is more proof of concept that Bitcoin is going to work,” Scaramucci told Bloomberg, adding, “How are you going to beat that decentralized crowd? That to me is more affirmation about decentralized finance.”
This may be the year in which the crowd realizes it can beat Wall Street at its own game.
— Jameson Lopp (@lopp) January 27, 2021
Bitcoin’s price recently broke an all-time high of nearly $42,000 earlier this month, but has since fallen by five figures to approximately $31,000. Yet that price drop has not dissuaded the most senior minds behind Skybridge Capital.
Skybridge Capital entered the Bitcoin industry when it launched the Skybridge Bitcoin Fund earlier this month.
In conversation with Decrypt, Skybridge COO Brett Messing said the fund grew to approximately $370 million in just its first few weeks of existence.
“We’re very passionate about it, we feel like we’re doing people a favour by introducing them to Bitcoin, and in success we make money,” Messing said.
Messing is also extremely bullish on Bitcoin’s future. He told Decrypt he believes institutional investment into the cryptocurrency could push its price up to $500,000.
Payments processor and XRP issuer Ripple was hit by a class-action lawsuit in Florida on Monday, months after US regulators stooped down on the firm’s business activities. It was filed by a person claiming to have made a relatively small $100 investment in XRP last year—losing 50% of it in the weeks afterward. Investor Tyler Toomey said he purchased 135 XRP in November last year as prices were shooting upward. He then sold his holdings in December and took on a $48.50 loss on his initial capita...
He added, “It’s the age of the micro investor and you better take it seriously, otherwise you’ll get taken to the cleaners.”
Tell that to the liquidated GameStop short sellers.
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: Bitcoin miners wrangle with malaise, Coinbase tries a little misdirection ahead of its earnings miss, and sources say Meta is stablecoin curious. Bitcoin miners’ malaise Publicly traded Bitcoin miners have faced some dark days this week. Stocking up on BTC wasn’t enough to help MARA Holdings, which trades on the Nasdaq under the MARA ticker, outrun a lousy quarterly report on Thursday. R...
The Sean “'Diddy” Combs X account promoted an Official Diddy Solana meme coin on Thursday night. Shortly after, the token pumped to a market cap of $181 million before crashing 79.5% to $37 million in a matter of hours. This comes amid Combs’ sex trafficking and racketeering conspiracy trial in New York, in which he is alleged to have coerced women into sexual events nicknamed “freak-offs.” One legal expert warned that the optics of the token launch could lead prosecutors to believe the alleged...
Doodles took its next major step forward Friday after switching CEOs in January, launching its ecosystem token—DOOD—on Solana with an airdrop for NFT holders. The initiative is the first critical launch since Scott Martin, better known as Burnt Toast, assumed the project’s chief executive role, beginning an era in which he planned to introduce more risk while doing away with its previously “extractive corpo” initiatives. Martin, who is also the artist behind the Doodles brand, previously spoke...
