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- 🐦⬛ The Dark Knight
🐦⬛ The Dark Knight
Roaring Kitty meets Dark Knight. Plus, what's up with Marathon Digital?
Sebastian Soran
June 10, 2024
Happy Monday, Zingernation! Just when you thought the Roaring Kitty is done, he goes Dark Knight on you. What did Keith Gill do this time?
Today, we cover why an economist predicts an altcoin surge before a recession, what is up with the Marathon Digital stock and more.
Plus, our partner brings a first-of-its-kind digital solution to the global commodities supply chain sector.
MARKET SNAPSHOT
TOP STORY
Briefly: Roaring Kitty’s stream on Friday didn’t sit so well with the audience and the GME stock and memecoin tanked. But he’s not done yet.
So Basically: On Sunday evening, he shared the intro of the Dark Knight move and sent the GME memecoin 15% higher in a matter of minutes.
So Then: KITTY and other Roaring Kitty-related memecoins went flying higher as well. It looks like Keith Gill may have one more ace up his sleeve.
So What: Roaring Kitty did not become a millionaire by Friday but his options still have not expired and he could cause more market mayhem this week.
TOGETHER WITH RESOURCE STOCK DIGEST
Amazingly, the $11T global commodities sector still runs primarily on paper transactions and phone calls!
And thus, a comprehensive digital solution for moving commodities around the world has been long, long overdue.
One tiny company — trading completely undiscovered around 15-cents per share — has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector.
For investors, it’s an early-stage opportunity in a company with a true first-mover advantage in a globally diversified sector.
Click here to read more.
FIVE ZINGERS
Still Sideways: Bitcoin just can’t get over the hump at all-time highs. Why that is and when it’s finally time, according to this research firm.
Golden Pocket: Dogecoin has had a meh month in May but now it could finally hit the Golden Pocket a trader wrote. Read what he meant by that exactly.
Recession Alts: Altseason first and then a recession? Yes, that could be a thing, wrote an economist. What exactly he meant by that.
Burn Baby: Shiba Inu burn rates are sky-high again and the technical analysis confirms it could make a move again. Up or down?
Slow n Steady: Crypto adoption is happening but it’s happening slow and steady. Why that is and what it means for your portfolio.
FINTECH FOCUS
Briefly: Marathon Digital announced a decrease in Bitcoin production in May.
What Happened: It produced 616 bitcoins in May, down from 850 in April and a 50% decrease from 1,245 bitcoins in May 2023. The company also said it had increased its holdings to 17,857 bitcoins.
What Else: Marathon’s operating fleet increased to approximately 246,000 bitcoin miners theoretically capable of producing 30.6 EH/s, with 237,000 miners (c. 29.3 EH/s) fully operational.
Why It Matters: According to Benzinga Pro, Marathon Digital shares are up 1.52% at $19.56 at the time of publication Monday.
TOGETHER WITH RESOURCE STOCK DIGEST
Amazingly, the $11T global commodities sector still runs primarily on paper transactions and phone calls!
And thus, a comprehensive digital solution for moving commodities around the world has been long, long overdue.
One tiny company — trading completely undiscovered around 15-cents per share — has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector.
For investors, it’s an early-stage opportunity in a company with a true first-mover advantage in a globally diversified sector.
Click here to read more.