ChainCatcher news, according to Bitget market data, the Meme coin GME has dropped 16% in the last 24 hours, currently priced at $0.007.Previous news, last Friday Keith Gill (also known as Roaring Kitty) was subjected to a class action lawsuit, claiming that his extensive promotion on social media inflated the stock price of GameStop (GME) for his own benefit. On Monday, the plaintiff voluntarily withdrew the lawsuit.

ChainCatcher news, BitMEX founder Arthur Hayes invited Roaring Kitty (Keith Gill) on social media to join him on stage for a fireside chat at the Token2049 conference to be held in Singapore this September.

ChainCatcher news, according to Reuters, the Massachusetts securities regulator is investigating the trading activities of GameStop (GME.N) and the trading activities of well-known investor Keith Gill. A spokesperson for the state's top securities regulator, Bill Galvin, confirmed that Gill's activities are under investigation but declined to comment further.Regulatory investigations do not typically indicate wrongdoing and do not lead to enforcement actions. Galvin previously investigated Gill's activities in 2021 but closed the case after reaching a settlement with Gill's former employer, MassMutual, over supervisory issues. Screenshots of trading on Reddit related to GameStop sparked a "meme stock" craze, but the U.S. Securities and Exchange Commission (SEC) found no evidence that short sellers were driving the frenzy after investigating and concluded that the market system was functioning well.Previous news, according to Caixin, the SEC is reviewing certain trades of GameStop call options, and the SEC is examining trades before and after Keith Gill's social media posts.