So, on that Gamestop rally

In addition: inflation has not finished messing with us

GM. We repel the lists, we squeeze the headlines, and what spilled was a tropical nectar crypto. Drink everything.

📉 Why is GME down?

🍋 News dropps: Ghibli memes break openai, SBF is transferred + more

🍍 Market taste today

What you are seeing 👆 is the encryption market that reacts to the latest inflation data in the United States.

The Personal Consumer Expenses Report (PCE) for February came out today and confirmed that Inflation is still sticky:

• Central PCE inflation increased 0.4% in February (The largest monthly jump since January 2024) → more than what economists were expected than 0.3%;

• 12 months inflation is 2.8% → above the 2.7% expected;

• Consumer expenditure increased 0.4% → lower that 0.5% predicted.

The Fed uses this data to decide when (or if) will begin to reduce interest rates.

Greater inflation = more reason to wait before doing so.

And for cryptography, this is a big problem.

Lower interest rates = cheaper money = more people willing to take risks = more money flowing to cryptography.

If the Fed does not reduce rates soon, encryption markets can remain … disappointing.

So, uncertainty is not done here, and we should expect more Energy from Fed “

This means that the markets will remain nervous. Be ready.

🧃 Profit sip

BitDegree + Ledger = Your new favorite thing 🥰

A new mission has just entered liveAnd it’s about A hella juicy event:

Buy one of Select Ledger WalletsAnd you will get Up to $ 70 in Bitcoin 🍒

But listen, ends April 3 (or before if the wallets are exhausted) – Then, there is no time to lose.

Ah, and will also win bits to complete the mission, which are its gold ticket for the $ 30K Season 7 Airdrop We continue mocking 😏

Then, to recapitulate: BTC for free, a cold wallet and a participation in the Airdrop. Literally, zero reasons not to do this – Go looking for it now!

🥝 Memecoin harvest

One of these coins could be a carpet, but that’s the problem tomorrow 🤪

Data at 05:10 am est.

Check out these memecoras and much more here.

A few days ago, we talked about how Gamestop announced that Bitcoin is buying.

After that news decreased, GME’s shares increased by 15%.

Now although all those profits have gone. The action has already returned to where it was before the announcement, since lost around $ 3b in market capitalization.

But why?

Imagine this: you are out of party, the vibrations are immaculate and someone says: “We are going to do tattoos!” You are publicized. Doubts from zero. Yolo, Amirite? 🤠

Then the morning hits. You are looking at a frog with a cowboy hat in your thigh that will be there for the rest of your life.

“😐 … I should probably have thought about. “

That is what happened with Gamestop. At first, investors were publicized, but then … they thought about it.

Gamestop plans to raise $ 1.3b to buy bitcoin for Sell ​​0% convertible bonds (Very Michael Saylor-Core).

How that works: the company borrows money from investors and promises to return it later, usually with interest payments Like a small thanks.

But these Bonds pay 0% interest. So … why would someone buy them?

Because they are convertible – That is, bond holders can choose to turn them into Gamestop actions later instead of receiving cash payment.

(If the price of the shares rises, they will get profits).

And this could put some nervous investors, because Add more Gamestop actions to the market.

More actions = each action becomes a slightly smaller piece of the cake = The price of shares could decrease.

In addition, some Dawgs of Wall Street use a tactic called Convertible arbitration When these types of bonds are emitted. And that’s:

This puts additional sales pressure In action due to all short sales, which can drag the price down.

In fact, Microstrategy went through the same when they issued bonds: their actions went down and then shot once Bitcoin recovered and the arbitration unrolled.

Although Gamestop has not yet issued the bonds, the market knows how it is usually, so merchants Could be preparing already.

And that’s not all: the current fall could be due to institutional investors Intentionally boost the price of the lowest shares to ensure a better conversion rate When the links are finally released.

So yes, a full financial gymnastics there – And we haven’t even talked about The other thing that scared people:

Gamestop also admitted that they will be Close a lot of stores this year.

This made things a bit confusing ‘Because as … Is Gamestop a cryptographic company now? What happens to the rest of the business? What is happening? … am YO?

Add all that to the fact that some people are doubting Bitcoin due to macroeconomic instability RN, and it is not surprising that investors feel cautious with the great Gamestop movements.

But despite all that, it is not yet Gameover (Yes, I just did that. There is no b).

If Bitcoin Rallies and Gamestop handle the transition well, all this could end up being a great idea.

Until then, investors are right to keep their guard up.

🍋

🔎 The SEC finished its research at Crypto.com. Closed case: Without fines, no more drama.

💰 The Department of Justice confiscated more than $ 200k in cryptography for Hamas. Researchers say that money came from wallets allegedly controlled by Hamas, used to wash more than $ 1.5 million in cryptography since October 2024.

🚌 Sam Bankman is in motion again, this time to a transit center in Oklahoma. No one really knows why.

✋ OpenAi had to reach the brakes after the Internet went crazy to turn everything into the art in the style of Studio Gibli. Sam Altman said it is fun, but the GPUs are overheating, so they are establishing some speed limits in place.

⚠️ Dark Web Hackers say they have information from the Gemini and Binance user. Now they are supposedly trying to sell it.

🍌 Juicious memes