ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on the X platform stating that South Korean government officials claim that 10% of South Korea's trade transactions use stablecoins.USDT accounts for 72% of the stablecoin market, primarily on the TRON blockchain, which may be due to its fast speed and lower fees compared to ETH. For whatever reason, the market has chosen Tether and TRON; they have found a product-market fit.

ChainCatcher news, according to Jinshi reports, the Federal Trade Commission announced that GameStop CEO Ryan Cohen will pay a fine of approximately $1 million for violating antitrust laws.

ChainCatcher message, Real Vision analyst Jamie Coutts CMT stated on X: "Bitcoin may have already appeared on the balance sheets of multiple countries, especially those with domestic mining operations. The announcement by Trump and Robert F. Kennedy Jr. to adopt it as a reserve asset for the U.S. will be preemptively implemented by other countries. Regardless of whether these candidates are elected, the situation has changed."

ChainCatcher news, a Nigerian information technology agency is considering plans to develop a domestic blockchain to enhance national security and protect citizens' data. A supporter of local blockchain development believes that such a protocol could ensure compliance with Nigerian laws and give the country greater control over its data.

ChainCatcher news, according to Bloomberg, GameStop CEO Ryan Cohen stated at the annual shareholders' meeting on Monday that he is focused on making the struggling video game retailer profitable and plans to avoid extreme stock price fluctuations caused by "hype." Cohen emphasized that revenue without profit and future cash flow prospects is meaningless to shareholders, and he plans to reduce the store network while expanding the variety of high-value products.Notably, the return of meme stock trader Keith Gill and mysterious posts drove GameStop's stock price to surge 167% for a time, adding $11 billion to its market value. However, the stock price fell 13% on Monday afternoon. Game industry analysts pointed out that GameStop's challenge lies in how to maintain profitability while scaling back its store operations and finding new growth points to offset declining sales.

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.

ChainCatcher news, according to Caixin, the U.S. Securities and Exchange Commission (SEC) is reviewing certain trades of Gamestop call options, and the SEC is examining the trades before and after Keith Gill's social media posts.Previous news, according to The Wall Street Journal, YouTube streamer "Roaring Kitty" (Keith Gill), who once helped drive up GameStop's stock price, may be delisted from the retail trading platform ETrade. Insiders say that investment giant Morgan Stanley's ETrade is "increasingly concerned that his recent purchases of GameStop (GME) stock may involve stock manipulation."

ChainCatcher news, according to official sources, Gamestarter announced a strategic partnership with Ava Labs to jointly launch GameChain, a game-focused Layer 1 blockchain supported by Avalanche on the Avalanche network.

ChainCatcher news, GameStop has applied to sell up to 45 million shares and stated that it will use the proceeds for acquisitions and other matters, with pre-market losses widening to 22%, and no significant changes in financial condition.

ChainCatcher news, according to Jinshi reports, U.S. stocks opened with the three major indices near flat. GameStop opened down 15%, and AMC theaters fell 8%.

ChainCatcher news, GameStop continued its decline today, triggering a halt after dropping 25%. After resuming, the current decline has exceeded 30%, with the stock price dipping to a low of $31.56.

ChainCatcher news, market data shows that GameStop (GME.N) is down 13.03% in pre-market trading.

ChainCatcher message, according to the monitoring by Shield, the price of the GME token impersonating "GameStop" on Ethereum has plummeted by 100%. The account with the address 0xcbae...3536 dumped 1,434,204,649,380.8 GME tokens for about 93.2 WETH (worth approximately $270,000).