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Senators urge SEC to probe Trump memecoin amid $3.81B investor losses and $636M insider gains

Market News
05 Aug 2026
Blockonomi
View Source
Bearish
pluang ai news

Senators Elizabeth Warren and Richard Blumenthal have requested the SEC to investigate a Trump-related memecoin, alleging it may be an illegal scam. They claim early buyers, including Trump, profited $636 million while over a million investors lost $3.81 billion as the coin's value plummeted 98%. The senators likened the crash to a rug pull scheme and want regulatory action before more investors suffer losses. This probe comes amid Senate debates on the CLARITY Act, a bill aiming to regulate cryptocurrency, with Democrats pushing for stronger ethics and finance rules before supporting it. The Senate recess on August 6 adds urgency to these decisions.

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Raddish Kids offers cooking kits to help families reconnect amid back-to-school stress

Raddish Kids offers cooking kits to help families reconnect amid back-to-school stress

As back-to-school routines increase stress for 83% of parents, Raddish Kids provides monthly cooking and baking subscription boxes designed for children ages 4 to 14+. These kits encourage family bonding through shared meal preparation, helping kids ...

Others
Bullish
36 minutes ago
Firefly Neuroscience reports 291% rise in brain scan use at TMS centers with AI-powered platform Evoke™

Firefly Neuroscience reports 291% rise in brain scan use at TMS centers with AI-powered platform Evoke™

Firefly Neuroscience announced a 291% year-over-year increase in clinical assessments at Transcranial Magnetic Stimulation (TMS) centers using its FDA-cleared AI-powered EEG/ERP platform, Evoke™. This platform combines qEEG and ERP to provide detaile...

Market News
Bullish
1 hour ago
Stack Capital's Q2 Book Value per Share rises 22% to $20.25, driven by SpaceX IPO and strong portfolio gains.

Stack Capital's Q2 Book Value per Share rises 22% to $20.25, driven by SpaceX IPO and strong portfolio gains.

Stack Capital Group Inc. reported a 22% increase in Book Value per Share to $20.25 for Q2 2026, driven largely by SpaceX's record $75 billion IPO and strong performances from portfolio companies like Fluidstack and X-Energy. The company also invested...

Company Fundamentals
Bullish
1 hour ago
Crown Crafts to report Q1 2027 earnings on August 12, 2026, with a follow-up earnings call.

Crown Crafts to report Q1 2027 earnings on August 12, 2026, with a follow-up earnings call.

Crown Crafts, Inc., a maker of infant and juvenile products, will announce its first quarter fiscal 2027 results on August 12, 2026, after market close. The company's CEO and CFO will host a teleconference at 4:00 p.m. Central Time to discuss the res...

Company Fundamentals
Neutral
2 hours ago
Gildan faces securities fraud probe over alleged revenue inflation via channel stuffing scheme

Gildan faces securities fraud probe over alleged revenue inflation via channel stuffing scheme

Gildan Activewear is under investigation for securities fraud after a report accused the company of inflating revenue through channel stuffing, leading to an 18.75% stock drop on June 16, 2026. The allegations claim Gildan pulled forward sales to boo...

Market News
Bearish
2 hours ago
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