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GameStop Is Joining the Russell 1000, but AMC Isn’t. How It Affects the Stocks.
GameStop Is Joining the Russell 1000, but AMC Isn’t. How It Affects the Stocks.

The latest rally in meme stocks has given AMC Entertainment and GameStop the biggest and third-largest market capitalizations among companies in the Russell 2000 index of small companies. The Russell indexes' annual reconstitution is coming up next week, so investors have been wondering it the pair might graduate into the large-cap Russell 1000 .

Don't Ignore GameStop's Crazy Valuation, But Its Business Is Getting Better
Don't Ignore GameStop's Crazy Valuation, But Its Business Is Getting Better

Were traders on the WallStreetBets subreddit right about GameStop (NYSE:GME) after all?

MarketWatch FUD Why a crash in meme stocks AMC and GameStop looks more likely now
MarketWatch FUD Why a crash in meme stocks AMC and GameStop looks more likely now

MarketWatch FUD media wrote: Could insider sales of meme stocks signal a coming crash in their share price? The empirical research suggests the answer is yes.

Fact: Elon Musk's reputation bottoms on Twitter after attacking bitcoin
Fact: Elon Musk's reputation bottoms on Twitter after attacking bitcoin

Elon Musk's repeated criticisms of bitcoin (BTC-USD) appear to have come at a cost — at least when you look at how people are feeling about him on Twitter.

New EToroX Cryptocurrency Exchange Introduced

The eToro social trading and investment platform today announced the launch of eToroX at Paris Cryptocurrency Week, according to Finovate's Julie Muhn.


The eToro social trading and investment platform today announced the launch of eToroX at Paris Cryptocurrency Week, according to Finovate's Julie Muhn.

 

The new platform is a digital asset swap regulated by the Gibraltar Financial Services Commission.

 

Doron Rosenblum, managing director of eToroX, says: "We are one of the first companies in the world to be licensed for crypto assets, and one of the few regulated exchanges in the crypto space."

 

The exchange supports six cryptocurrencies: Bitcoin, ether, ripple, dash, bitcoin cash, and litecoin.

 

EToroX will also support eight fiat stable coins, eToro New Zealand Dollar (NZDX), eToro Japanese Yen (JPYX), eToro Swiss Franc (CHFX), eToro United States Dollar (USDEX), eToro Euro (EURX), eToro Pound Sterling (GBPX ), eToro Australian Dollar (AUDX), eToro Canadian Dollar (CADX).

 

"In the coming weeks and months, we will add more crypto assets, stable coins, tokens, and will work with other exchanges to encourage them to list our growing assortment of stable coins," adds Rosenblum.

 

EToro, which has 15 cryptocurrencies on its platform, launched eToroX in 2018 to support token trading. The eToroX cryptocurrency wallet helps companies strive to ensure that everyone can trade, invest, and save.

 

Just as eToro opened up traditional markets to investors, we want to do the same in the token world. "We want to bring crypto-tokenized assets to a wider audience so that they can trade confidently," says Yoni Assia, co-founder, and CEO of eToro. "This is the future of finance. The blockchain will ultimately "eat up" traditional financial services through tokenization."

 

EToro has raised $ 223 million since its founding in 2007.


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