5 things to know before the opening bell

November 26, 2021

5 things to know before the opening bell

Good morning! Today we're bringing you a special edition, highlighting five of our top stories of the past month. We'll be back with a regular newsletter on Monday morning.

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1. Meet Hai Dinho, a college student who uses his old laptop to mine shiba inu coin for free. He told Insider that he used the website UnMineable to download software that has allowed him to gather over 12,000 SHIB a day. (SHIB is one of the most popular meme-tokens of 2021.) Dinho broke down his strategy — and shared how others can mine coins too.

2. A Federal court in Miami this month dismissed a class action lawsuit by retail investors claiming Citadel Securities and Robinhood conspired to halt GameStop trading. Many meme-stock traders believe the two companies worked together to halt the trading of certain stocks on January 28. "Internet conspiracies and Twitter mobs try to ignore the facts," Citadel wrote in response when #CitadelScandal trended on Twitter. The judge said that while some of the emails between the two firms were suspicious, they did not constitute overwhelming evidence of unlawful activity.

3. This 26-year-old built a $1 million real estate portfolio after starting out with an $18,000 loan. James Walker III told Insider he looks for tenant-friendly laws in areas where he purchases property. This allows for a more conducive environment to create positive cash flow. He explained his strategy, and why beginners should purchase their first homes through FHA.

4. What is a DAO and why did one just try to buy the US Constitution? A group of internet friends came together to form a DAO, or a decentralized autonomous organization, in a bid for an original copy of the US Constitution. Together they crowdfunded $46 million for the auction. They were in the running to win it, but Citadel's Ken Griffin outbid them. Still, the group's rapid fundraising has made the DAO the next big thing in the world of crypto.

5. A crypto trader is betting that the metaverse is about to explode. Mason Versluis scours the web for new projects that have the potential to go mainstream — and he sees metaverse-linked cryptos as the next big thing. Among other coins, he's been monitoring Decetraland's mana token, which is used in one of the most popular metaverse environments. These are his top five altcoin picks.

Compiled by Phil Rosen. Feedback? Email prosen@insider.com or tweet @philrosenn.

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Read the original article on Business Insider