6/7/24: Gamestop Stops πŸ›‘βš‘οΈπŸ§ͺ

Top News

  1. GameStop $GME halted 6 times in the first hour of trading today.

  2. BTC Lightning Network capacity hits new all-time high

  3. Semler Scientific to raise $150M to buy more Bitcoin

Specs’ Breakdown

1. GameStop $GME halted 6 times in the first hour of trading today.

⌐β—ͺ-β—ͺ β†’ In the last 30 minutes, GameStop has been halted 6 times due to volatility.

Prices subsequently dropped 20% following a surprise earnings announcement, which revealed a decline in quarterly sales and plans to sell up to 75M shares.

Meanwhile, 60k people are eagerly awaiting Roaring Kitty's livestream.

Moments like this make the need for crypto so obvious β€” you can’t turn off the blockchain.

2. BTC Lightning Network capacity hits new all-time high

⌐β—ͺ-β—ͺ β†’ The Bitcoin Lightning Network has reached a new all-time high in capacity, now hitting 4,290 BTC in public channels.

This marks an increase of 34.6% and +1,102 BTC since the last all-time high in November last year.

Are you using Lightning Network? Let me know in Specs Chat.

3. Semler Scientific to raise $150M to buy more Bitcoin

⌐β—ͺ-β—ͺ β†’ Semler Scientific is following the MicroStrategy playbook by planning to raise $150 million to buy more Bitcoin.

Having already acquired 247 BTC worth $17 million, Semler now holds a total of 828 BTC valued at $58 million.

This move signals increasing corporate adoption of Bitcoin as a strategic asset, reinforcing its role as a valuable addition to corporate balance sheets.

Semler’s bold strategy highlights a growing trend among forward-thinking companies.

First corporations, then banks, the States, then Nations.

Everything Else

⛓️ Crypto & DeFi

🏦 Wall Street & VC

πŸ›οΈ Legal & Regulatory

🌎 Rest of the World

  • Oslo Freedom Forum witnesses global momentum for Bitcoin

  • Norway freezes and returns $5.7 million connected to Ronin hack

πŸ–ΌοΈ NFTs & Metaverse

Join Specs Chat!

Designed to make you a better crypto investor, builder, and operator.

πŸ’¬ Chat with Valko and other experts
πŸ“š Access additional hand-curated resources
😊 Make friends, share memes, have fun