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đ¨ LATEST UPDATE:
#Nike is being sued for over $5M in Brooklyn federal court after RTFKTâs shutdown! âĄ
#NFT buyers are claiming heavy losses and seeking major compensation! đĽâď¸
#TrendingTopic #BinanceAlphaPoints #BinanceAlphaAlert
#Nike is being sued for over $5M in Brooklyn federal court after RTFKTâs shutdown! âĄ
#NFT buyers are claiming heavy losses and seeking major compensation! đĽâď¸
#TrendingTopic #BinanceAlphaPoints #BinanceAlphaAlert
âĄăNike hit with class action over NFT shutdown!ă
According to Reuters, Nike (NKE.N) faces a class-action lawsuit from NFT buyers after abruptly shutting down its RTFKT division, allegedly causing major losses.
The plaintiffs claim that had they known the NFTs could be "unregistered securities" and that Nike might "abandon the project," they would never have bought them.
đThe lawsuit seeks over $5 million, citing violations of consumer protection laws in NY, CA, FL, and OR.
#NIKE #nft #CryptoAssets
According to Reuters, Nike (NKE.N) faces a class-action lawsuit from NFT buyers after abruptly shutting down its RTFKT division, allegedly causing major losses.
The plaintiffs claim that had they known the NFTs could be "unregistered securities" and that Nike might "abandon the project," they would never have bought them.
đThe lawsuit seeks over $5 million, citing violations of consumer protection laws in NY, CA, FL, and OR.
#NIKE #nft #CryptoAssets
đ¨ LATEST UPDATE:
#Nike is being sued for over $5M in Brooklyn federal court after RTFKTâs shutdown! âĄ
#NFT buyers are claiming heavy losses and seeking major compensation! đĽâď¸
#TrendingTopic #BinanceAlphaAlert
#Nike is being sued for over $5M in Brooklyn federal court after RTFKTâs shutdown! âĄ
#NFT buyers are claiming heavy losses and seeking major compensation! đĽâď¸
#TrendingTopic #BinanceAlphaAlert
Midday News Update #Web3
đ
BONK and Raydium have launched a new meme coin launchpad, http://Letsbonk.Fun, aimed at empowering users to create their own meme tokens.
âď¸
Nike faces a $5M+ class action lawsuit after shutting down its crypto division RTFKT, with plaintiffs claiming NFT demand collapsed.
đ ď¸
Imran Khan highlights that AMMs are now competing to become the next major token launch infrastructure.
đ
Analysts suggest if Citiâs forecast of massive stablecoin supply growth materializes, Bitcoin could reach $285,000 by 2030.
#Bonk #raydium #NIKE
đ
BONK and Raydium have launched a new meme coin launchpad, http://Letsbonk.Fun, aimed at empowering users to create their own meme tokens.
âď¸
Nike faces a $5M+ class action lawsuit after shutting down its crypto division RTFKT, with plaintiffs claiming NFT demand collapsed.
đ ď¸
Imran Khan highlights that AMMs are now competing to become the next major token launch infrastructure.
đ
Analysts suggest if Citiâs forecast of massive stablecoin supply growth materializes, Bitcoin could reach $285,000 by 2030.
#Bonk #raydium #NIKE
đ¨#NIKE SUED OVER NFT BUSINESS SHUTDOWN
đšLawsuit: Purchasers of Nike's NFTs sue after abrupt closure of its crypto unit #RTFKT .
đšAllegations: Claims of buying unregistered securities and "rug pull" losses.
đšDamages: Plaintiffs seek $5M+ under consumer protection laws in New York, California, Florida, and Oregon.
đšNike acquired RTFKT in Dec 2021, announced its winddown in Dec 2024.
Source: Reuters$ETH
đšLawsuit: Purchasers of Nike's NFTs sue after abrupt closure of its crypto unit #RTFKT .
đšAllegations: Claims of buying unregistered securities and "rug pull" losses.
đšDamages: Plaintiffs seek $5M+ under consumer protection laws in New York, California, Florida, and Oregon.
đšNike acquired RTFKT in Dec 2021, announced its winddown in Dec 2024.
Source: Reuters$ETH
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Happycoin.club - Nike (NYSE:NKE) faced a lawsuit from a group of NFT buyers who claimed they lost hundreds of thousands of dollars when the sportswear giant shut down its NFT platform RTFKT.
The lead plaintiff, Australian investor Jagdeep Chima, alleges that Nike did not warn users about plans to cease operations of RTFKT in December 2024. After the shutdown, the value of NFTs sold under the Nike and RTFKT brands plummeted. Additionally, some non-fungible tokens stopped displaying images correctly, raising users' concerns that the assets would no longer be supported.
#NIKE
The lead plaintiff, Australian investor Jagdeep Chima, alleges that Nike did not warn users about plans to cease operations of RTFKT in December 2024. After the shutdown, the value of NFTs sold under the Nike and RTFKT brands plummeted. Additionally, some non-fungible tokens stopped displaying images correctly, raising users' concerns that the assets would no longer be supported.
#NIKE
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Stock #Nike recovered after news that Vietnam is negotiating with the US on tariff issues.
#CryptoRegulation2025
Unlocking the Power of Bitcoin Marketing: Strategies with Renowned Brands
As a bitcoin marketer, staying ahead of the curve is crucial in this rapidly evolving industry. With the rise of cryptocurrency, the demand for skilled marketers who understand the intricacies of bitcoin is higher than ever. In this blog, we'll explore how bitcoin marketers can create effective strategies with renowned brands like Nike, Tesla, iPhone, Gucci, Coke, and the music and gaming industries.
#Nike : Leveraging Bitcoin for Exclusive Rewards
Nike, a brand known for innovation, can leverage bitcoin to offer exclusive rewards to customers. By partnering with bitcoin-based platforms, Nike can create a loyalty program that rewards customers with bitcoin for purchasing certain products or achieving specific fitness milestones.
#Tesla : Integrating Bitcoin Payments for Electric Vehicles
Tesla, a pioneer in electric vehicles, can integrate bitcoin payments into their online platform. This would allow customers to purchase Tesla vehicles using bitcoin, providing a seamless and secure payment experience.
#iPhone : Creating Bitcoin-Based Apps for Mobile Payments
Apple, the tech giant behind iPhone, can create bitcoin-based apps for mobile payments. By integrating bitcoin into their mobile payment systems, Apple can provide users with a convenient and secure way to make transactions on-the-go.
#Gucci : Using Bitcoin for Luxury Goods Authentication
Gucci, a luxury fashion brand, can utilize bitcoin to authenticate high-end goods. By creating a blockchain-based system, Gucci can verify the authenticity of luxury items, preventing counterfeiting and ensuring the integrity of their brand.
Coke : Launching Bitcoin-Based Loyalty Programs
Coca-Cola, a global beverage brand, can launch bitcoin-based loyalty programs to reward customers for purchasing their products. By partnering with bitcoin-based platforms, Coke can create a loyalty program that incentivizes customers to continue purchasing their products.
Unlocking the Power of Bitcoin Marketing: Strategies with Renowned Brands
As a bitcoin marketer, staying ahead of the curve is crucial in this rapidly evolving industry. With the rise of cryptocurrency, the demand for skilled marketers who understand the intricacies of bitcoin is higher than ever. In this blog, we'll explore how bitcoin marketers can create effective strategies with renowned brands like Nike, Tesla, iPhone, Gucci, Coke, and the music and gaming industries.
#Nike : Leveraging Bitcoin for Exclusive Rewards
Nike, a brand known for innovation, can leverage bitcoin to offer exclusive rewards to customers. By partnering with bitcoin-based platforms, Nike can create a loyalty program that rewards customers with bitcoin for purchasing certain products or achieving specific fitness milestones.
#Tesla : Integrating Bitcoin Payments for Electric Vehicles
Tesla, a pioneer in electric vehicles, can integrate bitcoin payments into their online platform. This would allow customers to purchase Tesla vehicles using bitcoin, providing a seamless and secure payment experience.
#iPhone : Creating Bitcoin-Based Apps for Mobile Payments
Apple, the tech giant behind iPhone, can create bitcoin-based apps for mobile payments. By integrating bitcoin into their mobile payment systems, Apple can provide users with a convenient and secure way to make transactions on-the-go.
#Gucci : Using Bitcoin for Luxury Goods Authentication
Gucci, a luxury fashion brand, can utilize bitcoin to authenticate high-end goods. By creating a blockchain-based system, Gucci can verify the authenticity of luxury items, preventing counterfeiting and ensuring the integrity of their brand.
Coke : Launching Bitcoin-Based Loyalty Programs
Coca-Cola, a global beverage brand, can launch bitcoin-based loyalty programs to reward customers for purchasing their products. By partnering with bitcoin-based platforms, Coke can create a loyalty program that incentivizes customers to continue purchasing their products.
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đ¨ăWhale Activity AlertăFull Analysis of Institutional Accumulation in the First Week of February! Follow the Wealth-Building Opportunity!đł
đĽ Key Bottom-Fishing Targets Exposed:
1⣠Oracle Leader $LINK
- 54 Large Accumulations
- Holding Volume Exceeds 860,000 Coins (Valued at $16.46 Million)
- Institutional Cost Price: Around $18.5
2⣠Lending King $AAVE
- 25 Large Transactions
- Accumulated 35,000 Coins (Valued at $9.05 Million)
- Institutional Cost Price: $95-100 Range
3⣠DEX Leader $UNI
- 17 Key Transactions
- Holding Volume Exceeds 650,000 Coins (Estimated Value $6.28 Million)
- Institutional Cost Price: Around $9.6
đĽ Value-Type Asset Allocation:
- $FRAX: 4.87 Million Coins Strategic Reserve (Valued at $4.86 Million)
- $ONDO: 2.75 Million Coins Holding (Valued at $3.74 Million)
- $PEPE: 29.1 Billion Coins Accumulated (Valued at $2.83 Million)
đ Featured Project Allocation:
- $MKR: 2,256 Coins Strategic Layout (Valued at $2.22 Million)
- $BOLD: 1.87 Million Coins Holding (Valued at $1.86 Million)
- $SPX: 2.02 Million Coins Accumulated (Valued at $1.40 Million)
â ď¸ Special Movements:
- $TEST: 101 Million Coins Accumulated in One Week (Valued at $1.83 Million)
- $ENA: 2.63 Million Coins Strategic Investment (Valued at $1.26 Million)
- $LDO: 655,000 Coins Layout (Valued at $1.08 Million)
đ Data Interpretation:
- Whales Focused on DeFi Sector (LINK/AAVE/UNI)
- Clear Value-Type Asset Allocation (FRAX/ONDO)
- Small Positions in Innovative Projects (SPX/ENA)
đŻ Follow-up Suggestions:
- Prioritize Attention on Heavily Accumulated Targets (LINK/AAVE)
- Gradually Accumulate Value-Type Assets (FRAX/ONDO)
- Small Position Participation in Innovative Projects (ENA/SPX)
đĄ Reminder: Whale Accumulation Does Not Equal Immediate Surge, Wait for Right-Side Signals!
đĽ Key Bottom-Fishing Targets Exposed:
1⣠Oracle Leader $LINK
- 54 Large Accumulations
- Holding Volume Exceeds 860,000 Coins (Valued at $16.46 Million)
- Institutional Cost Price: Around $18.5
2⣠Lending King $AAVE
- 25 Large Transactions
- Accumulated 35,000 Coins (Valued at $9.05 Million)
- Institutional Cost Price: $95-100 Range
3⣠DEX Leader $UNI
- 17 Key Transactions
- Holding Volume Exceeds 650,000 Coins (Estimated Value $6.28 Million)
- Institutional Cost Price: Around $9.6
đĽ Value-Type Asset Allocation:
- $FRAX: 4.87 Million Coins Strategic Reserve (Valued at $4.86 Million)
- $ONDO: 2.75 Million Coins Holding (Valued at $3.74 Million)
- $PEPE: 29.1 Billion Coins Accumulated (Valued at $2.83 Million)
đ Featured Project Allocation:
- $MKR: 2,256 Coins Strategic Layout (Valued at $2.22 Million)
- $BOLD: 1.87 Million Coins Holding (Valued at $1.86 Million)
- $SPX: 2.02 Million Coins Accumulated (Valued at $1.40 Million)
â ď¸ Special Movements:
- $TEST: 101 Million Coins Accumulated in One Week (Valued at $1.83 Million)
- $ENA: 2.63 Million Coins Strategic Investment (Valued at $1.26 Million)
- $LDO: 655,000 Coins Layout (Valued at $1.08 Million)
đ Data Interpretation:
- Whales Focused on DeFi Sector (LINK/AAVE/UNI)
- Clear Value-Type Asset Allocation (FRAX/ONDO)
- Small Positions in Innovative Projects (SPX/ENA)
đŻ Follow-up Suggestions:
- Prioritize Attention on Heavily Accumulated Targets (LINK/AAVE)
- Gradually Accumulate Value-Type Assets (FRAX/ONDO)
- Small Position Participation in Innovative Projects (ENA/SPX)
đĄ Reminder: Whale Accumulation Does Not Equal Immediate Surge, Wait for Right-Side Signals!
Nike Stock Sinks Over 5% Amid Sales Decline Worries
#NIKE
Key Points:
Nike shares tumble after weak sales forecast
Stock down 60% from its all-time high
Company expects sales to drop significantly due to tariffs and leadership changes
Nike Stock Takes a Hit
Nike (NKE) saw its stock drop over 5% in after-hours trading on Thursday following a gloomy sales outlook. The decline follows a 1.5% dip during regular trading, pushing the stock below $70 and reducing Nikeâs market valuation to under $100 billionâits lowest since 2020.
Despite concerns, Nikeâs latest earnings report, covering the three months ending in February, exceeded expectations.
Revenue Beats Projections
Quarterly revenue fell 9% to $11.3 billion, surpassing analystsâ forecasts of $11 billion. Earnings per share came in at $0.54, well above Wall Streetâs estimate of $0.30. CEO Elliott Hill acknowledged the companyâs struggles, stating, âWhile we met expectations, weâre not satisfied with our overall results. We can and will improve.â
However, Nike faces ongoing pressure to reverse its stockâs downward trend. Over the past year, shares have dropped 28%, and they remain 60% below their 2021 record high.
Tough Road Ahead for Nike
Investor concerns stem largely from Nikeâs weak future outlook. CFO Matt Friend warned that tariffs imposed by Donald Trump and internal executive changes could significantly impact sales in the current quarter. Nike expects revenue for the May quarter to decline by a âmid-teens percentage,â exceeding analystsâ projected 12.2% drop to $11 billion.
The sportswear giant, which has the backing of activist investor Bill Ackman with a $1.4 billion stake, now faces the challenge of navigating these headwinds while reassuring shareholders about its long-term prospects.
Key Points:
Nike shares tumble after weak sales forecast
Stock down 60% from its all-time high
Company expects sales to drop significantly due to tariffs and leadership changes
Nike Stock Takes a Hit
Nike (NKE) saw its stock drop over 5% in after-hours trading on Thursday following a gloomy sales outlook. The decline follows a 1.5% dip during regular trading, pushing the stock below $70 and reducing Nikeâs market valuation to under $100 billionâits lowest since 2020.
Despite concerns, Nikeâs latest earnings report, covering the three months ending in February, exceeded expectations.
Revenue Beats Projections
Quarterly revenue fell 9% to $11.3 billion, surpassing analystsâ forecasts of $11 billion. Earnings per share came in at $0.54, well above Wall Streetâs estimate of $0.30. CEO Elliott Hill acknowledged the companyâs struggles, stating, âWhile we met expectations, weâre not satisfied with our overall results. We can and will improve.â
However, Nike faces ongoing pressure to reverse its stockâs downward trend. Over the past year, shares have dropped 28%, and they remain 60% below their 2021 record high.
Tough Road Ahead for Nike
Investor concerns stem largely from Nikeâs weak future outlook. CFO Matt Friend warned that tariffs imposed by Donald Trump and internal executive changes could significantly impact sales in the current quarter. Nike expects revenue for the May quarter to decline by a âmid-teens percentage,â exceeding analystsâ projected 12.2% drop to $11 billion.
The sportswear giant, which has the backing of activist investor Bill Ackman with a $1.4 billion stake, now faces the challenge of navigating these headwinds while reassuring shareholders about its long-term prospects.
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