The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of $Terra (LUNA.CC)$.
Last week, Terra has officially stopped block production as the blockchain's native token hit a low of $0.0003, near zero.
In a tumble start...

Since news broke that billionaire Elon Musk will be taking over $Twitter (Delisted) (TWTR.US)$, there's been an outpouring of mixed reactions.
Musk has stated intentions to take Twitter private once his takeover of the firm is complete, saying that he wants to make the social network "a platform for free speech."
Elon Musk's takeover of Twitter has sparked a complete media meltdown
Several members ...

Investors looking to bet on rising inflation have a new exchange-traded fund with a ticker to match: PPI.
AXS Investments, a leading asset manager providing access to alternative investments, launched its first Exchange-Traded Fund on Dec.30 : $AXS Astoria Real Assets ETF (PPI.US)$
Fund Overview
According to AXS Investments official websites, $AXS Astoria Real Assets ETF (PPI.US)$ is an actively managed, broadly diversified ...

This year's activity coincided with a surge of rookie investors who joined the world of stock trading to ride the historic market rebound. Remote work, stimulus checksandhigher personal savings levels,as well as social media chatrooms only accelerated the boom in retail trading.
The meme stock saga started just days into 2021 when retail traders teamed up on Reddit's WallStreetBets' forum, aiming to bid up $GameStop (GME.US)$'s shares, which were heavily shorted by hedge funds. The retail buying triggered massive short covering among hedge funds that fueled the rally even further.
Trading volume for GameStop and meme stock favorite $AMC Entertainment (AMC.US)$ has faded. About 2.5 million shares of GameStop are changing hands daily based on a 30-day average as of Dec. 22, a fifth of that in January.
--- according to FactSet
Reddit traders also appear less focused on GameStop and AMC, which were the two most-mentioned tickers on WallStreetBets this year.
--- according to data tracker YoloStocks
WallStreetBets mentions for both peaked on Jan. 28 at about 267,000 for GameStop and 47,000 for AMC, but typical days for each over the past few months see hundreds, not thousands, of mentions.
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Despite recent market sell-offs with GameStop and AMC each dipping to their lowest levels in months on Dec.14. But both stocks are up this year, at about 707% and 1,245% as of Dec.27, respectively .
Performance varies for other stocks popular on Reddit message boards. $Koss Corp (KOSS.US)$jumped 285%, $BlackBerry (BB.US)$ was up 43% for the year, while $Tesla (TSLA.US)$added 51%. On the down side, $ContextLogic (WISH.US)$dipped 80%, $Clover Health (CLOV.US)$dropped about 75%. $Palantir (PLTR.US)$ and $Bed Bath & Beyond Inc (BBBY.US)$ was down roughly 20% and 10%, respectively.
Source: Reddit, CNBC

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