ChainCatcher news, according to DL News, although as of March, the total assets held by Animoca Brands are approximately $3.3 billion, Animoca's Executive Chairman and Co-founder Yat Siu stated that the company's secondary stock trading price is about $1.5 billion.This figure represents a decline of about 75% from its valuation of $5.9 billion in July 2022, when it announced raising $75 million.

ChainCatcher 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. Sources indicate that investment giant Morgan Stanley's ETrade is "increasingly concerned that his recent purchases of GameStop (GME) stock may involve stock manipulation."The Wall Street Journal reported that since Roaring Kitty reappeared on Twitter (now X platform) in mid-May, Morgan Stanley employees have been monitoring Kitty's ETrade account. ETrade employees "found that he purchased call options before his tweets were posted," and "Kitty's trades may have profited from stock price fluctuations triggered by his tweets." With a new surge of activity surrounding GME, ETrade seems to be considering halting Kitty's trading. According to a Reddit post, if his latest bet—that GME stock will exceed $20 on June 21—proves true, he stands to make a significant profit. Those who follow him would also benefit. Morgan Stanley has hired financial crime departments and external consultants regarding this matter, but the company knows that taking action would mean "drawing the attention of his meme army," and Morgan Stanley employees are also concerned that closing Kitty's account could lead to the company losing ETrade customers.Previous news, Roaring Kitty posted on Reddit for the first time in three years, with Meme coin GME rising over 233% in 24 hours.

ChainCatcher news, according to Bloomberg, the holding company of the Indian crypto exchange CoinSwitch, PeepalCo, has announced the launch of a stock trading application called Lemonn, which will initially offer stock trading and expand over time into areas such as mutual funds and derivatives. CoinSwitch and Lemonn will operate as independent businesses.It is reported that CoinSwitch was founded in 2017, supported by Andreessen Horowitz and Tiger Global, and restructured its business last December, creating PeepalCo as a holding company responsible for overseeing the cryptocurrency platform and other new initiatives such as wealth management applications.

ChainCatcher news reports that, according to The Paper, the family of the victim revealed that Dai Lumin, a former official of the Natural Resources and Planning Bureau of Taizhou City, Zhejiang Province, was executed on the morning of February 2. In September 2020, Dai Lumin lured his newlywed wife to commit suicide by poison, attempting to defraud insurance compensation. At the time of the incident, they had been married for less than two months. Dai Lumin had incurred huge debts before the crime and was in a second marriage with the victim, who unfortunately died from pufferfish toxin. On December 1, 2021, the case was heard in the Taizhou Intermediate People's Court of Zhejiang Province.The prosecution accused Dai Lumin of incurring debts of over 2.6 million yuan due to failed stock trading and virtual currency speculation, leading him to develop the malicious intent to kill for insurance money to alleviate his financial pressure. On April 26, 2020, Dai Lumin had Wang purchase a term life insurance policy with a coverage amount of 2 million yuan online. As the 90-day waiting period for the insurance was about to expire, Dai Lumin married Wang on July 20, 2020, and on July 24, he had Wang change the beneficiary of the insurance from her father to himself. Wang's family mentioned in the civil suit attached to the criminal case that Wang was just one of Dai Lumin's many female friends, and that the entire process of purchasing insurance, getting married, and changing the beneficiary was induced by Dai Lumin.The victim's family's attorney believes that Dai Lumin directly committed intentional murder to defraud a large amount of insurance money, with extremely heinous circumstances and methods, which should constitute direct intentional homicide and insurance fraud, warranting the death penalty. Due to his criminal actions, Wang's family suffered significant economic and mental losses and should be compensated. In 2022, Dai Lumin was sentenced to death for intentional homicide in the first instance, and the second instance upheld the original verdict.

ChainCatcher news, financial services company Robinhood will offer stock trading services 24 hours a day, 5 days a week, seen as an effort to bring traditional assets in line with digital assets. The company calls it the "24-hour market," and it will be open to all customers starting in June. However, according to a statement from Robinhood, a "small subset" of users will be selected to test the feature starting next Tuesday.Robinhood stated in the announcement: "With the 24-hour market, people can place limit orders to buy 43 of the most actively traded ETFs and stocks, such as Tesla, Amazon, and Apple." Trading hours are from 8 PM Eastern Time on Sunday to 8 PM Eastern Time on Friday. (Source link)