CapGainz #37 🚀
Russia & Ukraine on brink of war, GameStop is back baby, & Super Bowl LVI betting!
CapGainz has a Super Bowl hangover so let’s get right to it…
1.) E-Z Money - The BIG Story
Eastern Europe is on the brink of war and the United States is renewing warnings of an imminent conflict between Russia and Ukraine. The Ukrainian government says the Russians have already started a “hybrid war” with bomb threats and cyberattacks. Now European airlines, like Dutch carrier KLM, are suspending flights to Ukraine amid the impending violence. A civilian KLM flight was shot down in 2014 the last time Russia and Ukraine had a conflict in the area, killing 298 people. Nevertheless, Ukraine’s president urged for calm amid continued troop build ups on its border. The U.S. reported that there are 130,000 Russian military members present in both Russia and Belarus up from 100,000.
2.) “To the Moon” — Retail Investing
Peloton ($PTON) and Facebook ($META) may be faltering but one meme stock O.G. is still killing it. Shares of GameStop ($GME) went up 25% last week, reaching just below $125/share. The main reasons for the recent growth are threefold: 1.) The continued power of subreddits, specifically r/superstonk to push growth 2.) Investors are now used to the volatility and will stomach big drops 3.) Short squeeze potential means that the price will continue to rise. (Ape Translation - Investors will keep buying to push hedge funds out of short positions)
3.) “The Cypher” — Crypto Investing
Bitcoin ($BTC) and other cryptocurrencies are no longer immune to macroeconomic factors that impact traditional markets. After $BTC hit $45K this past week on Thursday, the digital currency fell back to the $42K level due to concerns over Russia and Ukraine. Analysts are worried about another bearish turn in the short-term with some eyeing $33K as a downside resistance point. It could be another tough week for Bitcoin.
4.) “Straight Cash” — Sports Betting
Sports betting went mainstream this Super Bowl Sunday with an estimated $8B wagered. It is likely that the 2022 edition more than doubled the record from 2021, which saw 4.3B gambled. L had three public bets for this year’s Super Bowl. The Cincinnati Bengals (-4), Tails never fails (-104) and lemon-lime for the Gatorade bath (+350). Some questionable calls and bad luck led to him going 0-3 this year. It’s been a great football season with L remaining profitable. Now it’s back to the NBA, March Madness, EPL, and the NHL if you’re really locked in.
5.) “The Alternatives” — NFTs, ESGs, & More!
A major NFT marketplace suspended most sales on Sunday, citing “rampant” fakes and plagiarism. U.S.-based platform Cent is famous for selling Jack Dorsey’s first tweet for $2.9 million. Cent CEO Cameron Hejazi highlighted issues including people selling unauthorized copies of other NFTs, knockoff NFTs, and the creation of NFTs that resembled securities (Ape Translation: securities = fungible stocks, bonds, or options). Hejazi said that these behaviors were rampant with users, “minting and minting and minting counterfeit digital assets.” The biggest NFT marketplace OpenSea had a similar problem recently and said 80% of the NFTs minted on its platform were "plagiarized works, fake collections and spam."
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