“Coordinated pumping of shares for profits can be illegal. We can see all trades and have access to trader identities,” said ASIC in a message to the ASX Pump Organization on Telegram.
SEC takes action against two meme stock wash traders
The SEC asserts that the defendants unlawfully gleaned more than $700,000 through a wash-trading scheme that targeted exchanges offering market maker rebates.
New funding round sees Reddit gain $4B in valuation since February
Speaking on the latest funding round which sees Reddit at a valuation of $10 billion, Steve Huffman, co-founder and chief executive stated tentative plans for the firm to go public.
Nifty News: GameStop’s NFT market, NBA star LaMelo ‘mints career’ on NFTs … and more
Gamestop may be working on its own NFT marketplace, while Rookie of the Year candidate LaMelo Ball is set to drop 500 Dynamic NFTs.
Watch out as r/Wallstreetbets finally allows crypto threads… within limits
Reddit group r/wallstreetbets will allow a limited amount of crypto discussion, as it seeks to accommodate members in the community without detracting from its stock market focus.