Day: July 1, 2024

Bipolar world: the struggle between USDC and USDT

While Tether expresses concerns over new regulation, Circle becomes official EU stablecoin issuer under MICA Circle has received a USDC and EURC license under MiCA, becoming the first stablecoin issuer to comply with the new EU legislation. The event marks a new stage in the development of the European cryptocurrency market, but for most USDC and EURC users, no significant changes are expected. Circle stablecoins will continue to be available and easy to use around the world. Where are the other issuers? We are waiting for the future licensing of Tether, the USDT issuer, but it seems that the company has other plans and instead of immediately adapting to European regulations, the company has focused on the BRICS and Pacific Rim markets. In particular, Tether has introduced an innovative solution for residents of the Philippines that allows them to make social security contributions using cryptocurrencies. https://preview.redd.it/gv2zkxp3yy9d1.png?width=1280&format=png&auto=webp&s=0776e214382509b15c5a5528807904797fed5913 submitted by /u/dll_crypto [link] [comments]

The Reverse Midas Touch

An SEC filing has unveiled that Keith Gill, famously known as ‘Roaring Kitty’ on social media, holds a substantial $245 million stake in the online pet retailer Chewy (CHWY). This investment grants him a 6.6% share in the company, making him the third-largest shareholder. Following the announcement, Chewy’s stock surged by up to 20%. Last week, Chewy shares experienced a rollercoaster ride after Gill posted an image of a cartoon dog resembling Chewy’s logo on the social media platform X. The shares soared by as much as 34% on Thursday before settling slightly lower by the end of the day. Gill, renowned for his advocacy of GameStop, has been actively influencing the video game retailer’s trading in recent months. In mid-June, he revealed a holding of 9.001 million GameStop shares after divesting his extensive call options position. It’s unclear whether he sold his GameStop shares to finance the Chewy investment. Anyway, GameStop shares dropped over 5% following the news. Source: https://www.cnbc.com/2024/07/01/chewy-shares-rally-20percent-after-sec-filing-reveals-roaring-kitty-keith-gill-has-6point6percent-stake.html MT5 Pepperstone Roaring Kitty YouTube Live Stream on June 7th, 2024 Unlike the previous crusade known as the GameStop Saga, Keith’s current revelations have a very short-term speculative impact on assets, even resulting in some drop of price. Can we hope for a second season of the Saga u/TheRoaringKitty? submitted by /u/FXgram_ [link] [comments]