Gate.io Suggested Topics Posting Event: #CPI Data Drops#
✍️ Please include the topic #CPI Data Drops# in your post.
💰 5 quality posters * each receive $10 Points
The U.S. March unadjusted CPI year-over-year dropped to 2.4%, down from 2.8% last month and below the 2.6% market expectation. While this signals cooling inflation, the market reaction has been muted.
How will this impact the Fed rate cut expectations and the crypto market? Share your thoughts with #CPIDataComing for a chance to win a $50 reward!
Event Time: April 11, 6:00 AM - April 12, 6:00 AM UTC
⚠️ Notes: Plagiarism is prohibi
A New York court prohibits Genius Group from selling stocks to raise funds for purchasing Bitcoin.
Odaily News Genius Group, a publicly traded company on the NYSE, announced that the U.S. District Court for the Southern District of New York (SDNY) has prohibited the company from selling stock to raise funds and also prohibited the use of investor funds to purchase Bitcoin, forcing it to sell the Bitcoin in its treasury. According to reports, on October 30, 2024, Genius initiated arbitration procedures to terminate the asset purchase agreement signed with Fatbrain AI (LZGI). LZGI shareholders filed a lawsuit against LZGI and its executives Michael Moe and Peter Ritz. However, on February 14 of this year, Michael Moe and Peter Ritz applied to the court for a Temporary Restraining Order (TRO) and a Preliminary Injunction (PI) to prevent Genius from selling any shares or raising any funds to purchase Bitcoin. The Temporary Restraining Order was granted the same day, and the Preliminary Injunction was granted on March 13. (Globenewswire)