Hello there!! How was your weekend and welcome to another Coinigy news roundup.
Firstly, the bulls finally touched $68k again
… though I wonder if we’ll ever get to $100k this season.
The upside to all this is that we have enough distractions in the market.
For example, Notcoin’s airdrop and Roaring Kitty’s sudden reappearance.
Now, Roaring Kitty is kind of a big deal in the stock market… he basically invented “meme stocks.”
The only sketchy part of the entire story is he had disappeared from the trading scene for a good THREE years
… I wonder if Satoshi could also pop up magically one day 😂
Anyway, here are the big stories for the week:
- Roaring Kitty returns, causing GameStop shares to jump more than 70%
- Notcoin (NOT) Launches With A $984M Market Cap
- Crypto Trader Turns $3K Into $46M in One Month As PEPE Price Soars
- US Authorities Arrest Chinese Nationals Allegedly Behind Crypto Scam Network
Roaring Kitty returns, causing GameStop shares to jump more than 70%
GameStop shares jumped more than 72% on Monday after trader Keith Gill, known online as “Roaring Kitty,” resurfaced four years after he led an investment frenzy involving the video game retailer.
Notcoin (NOT) Launches With A $984M Market Cap
Notcoin (NOT), a gaming token with more than 35 million users, has begun trading at a fully diluted value (FDV) of $1 billion after being distributed via an airdrop and on several exchanges.
The token racked up $294 million in trading volume within the first hour of trading, according to CoinMarketCap.
Crypto Trader Turns $3K Into $46M in One Month As PEPE Price Soars
A savvy trader made $46 million in profit, which is an eye-watering 15,718-fold return on his initial $3,000 investment. The unknown wallet bought $4.9 trillion Pepe for $3,000 on April 15, which is currently worth over $56 million. The trader sold $1.41 trillion PEPE for $7.4 million and is currently sitting on $3.5 trillion Pepe worth $38.9 million, according to Lookonchain’s May 15 X post.
US Authorities Arrest Chinese Nationals Allegedly Behind Crypto Scam Network
An indictment unsealed in the Central District of California charges two Chinese nationals, Daren Li and Yicheng Zhang, with leading a scheme to launder at least $73 million tied to an international crypto investment scam, often known as “pig butchering.” Li and Zhang allegedly managed a global network that laundered proceeds from fraudulent crypto investments, converting them into cryptocurrency, including stablecoin tether (USDT).
Other Highlights Worth Mentioning
Bitcoin Breaks $66K Barrier Following CPI Data, Eyes New Highs – CoinMarketCap
Binance executive denied bail in Nigeria over money laundering charges – TheGuardian
Small creditors put at risk by latest FTX bankruptcy development – CoinTelegraph
Tornado Cash Developer Alexey Pertsev Appeals Guilty Verdict – CoinDesk
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- Source: https://insights.coinigy.com/who-the-hell-is-roaring-kitty/
