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GameStop (GME.N) rose 4% in pre-market trading after the company announced it was awarding CEO Ryan Cohen a long-term performance bonus.GameStop (GME.N) announced that it has granted CEO Ryan Cohen a long-term performance award. The award includes options to purchase 171.5 million shares of the companys stock, with the first tranche of options granted if the companys market capitalization reaches $20 billion. The overall plan aims to incentivize management to drive the companys market capitalization toward a target of $100 billion.On January 7th, it was reported that SpaceXs dominance in rocket launches and satellite broadband internet services was further solidified in December, with reports suggesting an insider stock deal valued the company at $800 billion. Theres even speculation that Musks aerospace company might sell shares to the public this year, targeting a valuation almost double that figure. SpaceX has a significant first-mover advantage with its Starlink project, which provides broadband internet via more than 9,000 small satellites deployed in low Earth orbit. This service is faster and cheaper than services provided by satellites in geostationary orbit. Musk has amassed a large customer base and substantial funds from rural homes, ships, airplanes, RVs, and virtually any moving object. According to a report, Starlinks revenue is projected to reach $24 billion this year.On January 7th, GAC Group announced that in December 2025, its automobile production was 165,302 units, a year-on-year decrease of 20.23%, and sales were 187,453 units, a year-on-year decrease of 33.82%. The cumulative production for the year was 1,744,429 units, a year-on-year decrease of 8.98%, and the cumulative sales were 1,721,489 units, a year-on-year decrease of 14.06%. GAC Honda produced 36,842 units and sold 50,984 units this month; GAC Toyota produced 73,095 units and sold 68,817 units; and GAC Aion produced 38,188 units and sold 42,140 units.On January 7th, former French Prime Minister Dominique de Villepin stated that any US attack on Greenland would cross a red line for Europe. This followed the White Houses declaration that President Donald Trump did not rule out the possibility of using force to seize the semi-autonomous Danish territory. He added that any US aggression would be "unprecedented," as it would be tantamount to the most powerful nation within NATO attacking another member of the military alliance. Danish Prime Minister Mette Frederiksen stated earlier this week that a Trump attack on Greenland would mean the end of NATO. Trump has long argued that the US must control Greenland to ensure its own security.

Owning Government Officials From Working on Regulation

Cory Russell

Jul 07, 2022 16:31

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Government personnel who actively engage in cryptocurrencies or are discovered to be in possession of any are prohibited from taking part in the creation of legislation and policies pertaining to cryptocurrencies, according to a recent directive from the US Office of Government Ethics.

With Some Exceptions

Additionally, the advisory notice made clear that even if the restriction is in effect, it only does so with a de minimis exception.


Owners are still able to invest in cryptocurrencies via publicly listed shares and mutual funds of businesses offering cryptocurrency and blockchain services because to this exception. Stablecoins and all other forms of cryptocurrency are included.


Government personnel are still permitted to acquire cryptocurrencies; but, doing so will prevent them from contributing to the development of crypto-related regulations.


They may still work on such initiatives, however, provided they divert their cryptocurrency holdings into other financial opportunities.


The notification went on to further describe the situation, saying "An employee may not engage in a specific topic if the employee understands that particular item might have a direct and predictable influence on the value of their cryptocurrency or stablecoins."


However, even for those who are permitted to invest in cryptocurrency-related stock index listings, a $50k threshold has been imposed over which the de minimis exemption is no longer applicable.

Crypto investors suffer a loss

The cryptocurrency market isn't in the greatest of health right now, even if the Biden administration is concentrating on creating laws for cryptocurrencies after the POTUS issued an executive order for the same.


The continued bearishness is having an impact on cryptocurrency firms as the overall market value of all cryptocurrencies is struggling to reach $1 trillion.


Voyager Digital has filed for Chapter 11 bankruptcy a week after stopping the platform's withdrawal, trading, and deposit services after Harmony almost went bankrupt a while back.


Thus, even without the US GOE's decision, it would only have taken these investors a little longer to leave the market, similar to how many other investors are already doing.

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