GameStop and Meme Tokens Surge

Keith Gill’s return to Reddit led to a massive rise in GameStop shares and meme tokens. GameStop shares soared 80%, while cat-themed meme tokens increased over 200%.

Despite his conviction, Donald Trump retains a 54% chance of winning the 2024 election, according to prediction markets, only slightly down from the previous week.

Trump’s Election Odds Remain Strong

Galaxy Digital Gains

Benchmark gives Galaxy Digital a buy rating with a C$19 target, benefiting from favorable U.S. political sentiment towards cryptocurrencies and strong institutional partnerships.

BlackRock’s Bitcoin ETF Success

BlackRock’s iShares Bitcoin Fund reached $20 billion in assets under management, showing a renewed interest in Bitcoin ETFs with $2.4 billion added in the last month.

Ether’s Potential to Reach $22K

VanEck predicts ether (ETH) could hit $22,000 by 2030, driven by Ethereum’s transformative potential in banking, payments, and finance, alongside anticipated ETF approvals.

Bitcoin’s Bullish Forecast

Standard Chartered forecasts Bitcoin (BTC) could reach $150,000 by end of 2024, spurred by Trump’s potential re-election and robust ETF inflows.

Ark Withdraws Ethereum ETF Bid

Cathie Wood’s Ark pulls out of the Ethereum ETF race due to fierce fee competition, highlighting challenges in the ETF market despite high demand.