1. Up 1200% in an instant.
That’s what the company SharpLink Gaming listed on Nasdaq has done. After the company announced it secured $425 million from private investors to create a reserve.
A reserve based on ETH.
Of course, most of the gains have already been lost.
However, I wouldn't be surprised if the company's own decision-makers were selling their own shares during this rise to have more for crypto in the future.
Moreover, there is another interesting fact: the company made 70% even before announcing that reserve, meaning on Friday there was no prior information.
A curious coincidence, I would say...
2. The International Trade Court ruled that President
Donald Trump did not have the authority to impose extensive global tariffs.
In summary, they are illegal. At least according to them.
What does this mean?
Well, the USA has appealed, and the matter will be decided by the Supreme Court, meaning the tariffs still stand.
However, the case is interesting in that if the Supreme Court upholds the lower court's ruling, it would mean, first, they must return the money they have already collected, and second, it would be a significant test of authority.
I wouldn't want to think about what would happen to the markets in the USA if Trump were to ignore such a ruling; nevertheless, such rulings are still sacred and a foundation of stability for them.
Already, Trump supporters claim that the president could invoke Section 232 of the Trade Expansion Act of 1962 to ensure national security and Section 338 of the Tariff Act of 1930 to ensure discriminatory trade practices.
Either way, everything still stands, and the chances the Supreme Court will decide to uphold this ruling are moderate.
3. By the way, Donald just hit us with that graphic "He is on a mission from God, no one will stop what is coming"
One could suspect that the words refer to the above ruling from point 2.
Nevertheless, if you take a closer look, in the background photo there is PEPE.