Odaily Planet Daily News: Sygnum, a digital asset banking group, announced that it will transform its Yield Core AMC (a product that invests in cryptocurrency income generation strategies, including lending, financing arbitrage, and liquidity provision) into a Reserved Alternative Investment Fund (RAIF) structure in Luxembourg. This transformation aims to expand the international distribution potential of the fund, enhance investor protection, and strengthen its 'risk-reward profile', a move that has been accepted by 99% of existing investors. (Crowdfund

GameStop shares surged nearly 75%, causing shorts to lose a lot of money. According to S3 Partners, shorting GameStop's Hedging fund lost $838 million on the day at mark-to-market prices. The share price spike was attributed in part to internet personality Roaring Kitty, who had previously encouraged retail investors to buy GameStop stock in 2021, leading to a historic shorter squeeze. Currently, more than 24% of GameStop's outstanding shares are shorted, and shorters have lost $1.24 billion since May. Other meme stocks such as AMC and Reddit have also seen price pumps. S3 Partners' Ihor Dusaniwsky warned that the market is "bumpy and bloody" for shorts, with new shorts expected to enter the market at around $30.

Coin Network Report: Recent analysis highlights the relationship between GameStop (GME) social volume and the Crypto Assets market, especially Bitcoin. Shortly after GameStop announced a 284% pump, Bitcoin price Fluctuation was wild, climbing above $645,000. This correlation suggests that GME's social activity could affect the broader encryption market. Santiment's analysis of X (formerly Twitter) points out that the GME boom could have an impact on the encryption market, especially in the memecoin space. The study found that the short-term tops and bottoms of Bitcoin price coincided with a spike in GME/AMC social mentions. In addition, significant social volumes of GME were observed in January and November 2021, correlated with significant changes in Bitcoin prices and alts market capitalization. However, this relationship does not necessarily indicate causality, but rather a potential indicator that traders and investors need to monitor. Although there was no similar surge in GME social volume in May 2024, the total capitalization of the alt market has been expanding since October 2023.

Steve Chen will work with AI Meta Club (AMC) to create a Metaverse public welfare speech. In this cooperation, AMC will use AI technology to create the virtual human image of Mr. Chen Anzhi and implant it in the Metaverse short room. This charity talk aims to use the virtual environment of the Metaverse to allow the audience to participate more intuitively to explore the potential and role of artificial intelligence and Blockchain in social development. In addition, fans will also have the opportunity to interact with Chen Anzhi in the Metaverse and discuss the direction and possibilities of future technological development. It is reported that AMC is a DAO platform dedicated to exploring artificial intelligence and Blockchain technology.