1d ago
GameStop drops 3.58% on December 10 after Q3 revenue of $821 million falls short of $987.3 million forecast
On December 10, 2025 at 9:43 AM EST, GameStop Corp. fell 3.58% to $22.35 after reporting fiscal third-quarter revenue of $821 million compared with expectations of $987.3 million. Premarket, the stock slid 5.52% to $21.90 as net income improved to $77.1 million while net sales declined from $860.3 million, reflecting pressure from its digital pivot on hardware and accessories.
1d ago
2d ago
IMF flags risk that stablecoins weaken EMDE currencies as analysts say market remains modest
In a December report released on December 10, 2025, the IMF warned that fiat‑pegged stablecoins could undermine currencies in emerging markets and developing economies by enabling capital outflows, currency substitution, and bypassing capital flow management rules. Market commentators Noelle Acheson and Coinbase’s David Duong countered that the stablecoin sector is still too small to have a macroeconomic impact, noting that activity remains modest compared with foreign‑exchange and portfolio flows, according to the report.
2d ago
2d ago
Money markets price in ECB rate hikes by end‑2026 as Polymarket bets on unchanged policy
By December 10 2025, money market pricing signalled European Central Bank rate hikes by the end of 2026, while Polymarket traders were still largely betting on no change in policy, according to market data. Swaps implied 13 basis points of tightening and German 5‑year yields rose to 2.49%, even as Polymarket showed around 84% odds that the ECB would not raise rates. ECB President Christine Lagarde has defended the current 2% level and pointed to a potentially more positive economic outlook that could support later rate increases.
EUR
EUR+0.00%
2d ago
2d ago
Binance co-CEO Yi He's hacked WeChat used to promote Mubarakah memecoin, netting about $55,000
On Wednesday, the compromised WeChat account of Binance co-CEO Yi He was used to promote a BNB Chain memecoin called Mubarakah. The attacker allegedly created two new wallets, spent 19,479 USDT to buy 21.16 million tokens, and made roughly $55,000 in profit after an 800% price spike and subsequent sell-off, according to onchain analyst Lookonchain. Yi He later said the account had been recovered and warned users to stay alert to scam attempts.
BNB
BNB+3.05%
2d ago
2d ago
Binance Co-CEO Yi He’s WeChat hacked in alleged Mubarakah memecoin pump to nearly $5 million
Yi He was appointed co-CEO of Binance last week, and this week a hacker allegedly took over her WeChat account to promote the little-known memecoin Mubarakah, according to one analyst. The attacker reportedly used only a few thousand dollars to build a position in the token, helped drive its valuation close to $5 million, then exited, leaving traders with losses of about 45% from the peak. Binance founder Changpeng Zhao (CZ) later apologized and criticized Web2 social media security, while Yi He confirmed the hack and said the old phone number linked to her WeChat account could not be recovered.
2d ago
2d ago
Federal Reserve set for third 25bps rate cut of 2025, lowering fed funds to 3.5%–3.75%
The Federal Reserve is expected to deliver a 25bps cut today, its third of 2025, setting the federal funds target range at 3.5%–3.75%. Policymakers remain divided, with some warning further easing could reignite inflation while others cite mounting labor‑market risks. Markets have largely priced in the move, and attention is on Jerome Powell’s remarks and the FOMC statement for signals on the likelihood of additional cuts.
2d ago