Big ⚡️ News Flash - 29 May 2024 !

1️⃣

Robinhood Announces $1 Billion Stock Buyback Program
Robinhood Markets, Inc. (NASDAQ: HOOD) authorized a $1 billion share repurchase program, set to begin in Q3 2024 and span two to three years. The pace will vary based on market conditions and share price.

2️⃣

Riot Platforms Offers to Buy Bitfarms for $950M Amid CEO Dispute Riot Platforms has offered to buy Bitfarms, its Canadian competitor, at a 24% premium. The deal, a mix of cash and stock, values Bitfarms at about $950 million, with Bitfarms shareholders owning 17% of the combined entity.

3️⃣

Ryan Salame, Former FTX Executive, Sentenced to 7.5 Years in Prison Former FTX executive Ryan Salame has been sentenced to seven and a half years in prison after pleading guilty to criminal charges. Salame, who was previously co-CEO of FTX Digital Markets, worked with former FTX CEO Sam Bankman-Fried.

4️⃣

Memecoin Coded by ChatGPT Hits $638M Market Cap
A memecoin created with OpenAI's ChatGPT, starting with a $69 budget, has reached a valuation of $638 million. Its price surged to an all-time high of $0.009675 on May 28, resulting in a market capitalization of about $638 million, according to CoinGecko.

5️⃣

Notcoin Hits $1 Billion Market Cap After Launch of 'Earnings Missions' Notcoin's NOT token has surged by 50% following the launch of "earnings missions" in its Telegram-based game, allowing players to passively earn crypto rewards. NOT is currently trading at $0.00971, up 52% over the past day and 76.3% over the past week, with a market cap of nearly $1 billion.L

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