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Tag: ape

  • Commentary: Yes, Trump’s video showing the Obamas as apes is racist. But it’s also about the election

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    Welcome to Black History Month, 2026 style.

    President Trump posted a video Thursday to his social media site that contains animated images depicting former President Obama and First Lady Michelle Obama as apes.

    The White House took down the post Friday, and after first calling it nothing more than a meme, they dubbed it a mistake by a staffer. Sure.

    But while the justifiable outrage over this overt racism spins itself into a brief media circus (because we all know something else will come along in about three minutes), let’s look a bit deeper into why this video is more than an affront to everything America stands for, or should stand for, anyway.

    It’s no accident that the images of the Obamas are embedded deep inside a video about voter fraud conspiracies from the 2020 election (which are untrue, if I need to say it again). This video is an escalation in the assault that is likely to come on voting rights and voting access in the midterms.

    “Absolutely, there’s a connection to the vote,” Melina Abdullah told me Friday. She’s a professor at Cal State Los Angeles and co-founder of Black Lives Matter Los Angeles.

    “This is about more than just about the Obamas,” added Brian Levin, a professor emeritus at Cal State San Bernardino and founder of the Center for the Study of Hate and Extremism. “It’s about people that are [perceived as] undermining our elections and our democracy.”

    I caught Levin the day after he turned in a chapter about authoritarianism for a new book, which happens to look at how discrimination and the imposition of social hierarchies ties in with power.

    Let me summarize. Vulnerable groups are smashed down as dangerous and not fit to be full citizens, so a smaller group of elites can justify power by any means to protect society from these lowly and nasty influences.

    Let me make that messaging even simpler: Black and brown people are bad and shouldn’t be allowed to participate in democracy because they don’t deserve the right.

    How does that play out at the ballot box?

    All that talk about voter identification and election integrity is really about stopping people from voting — people who legally have the right to vote. Those who are least likely to be able to obtain proof of citizenship — which might require a passport or birth certificate, along with the money and know-how to get such documents — are often Black or brown people. They are often also poor, or poorer, and therefore have less time and money to put into obtaining documents, and also live in urban areas where they share polling places.

    Is it such a stretch to imagine some kind of federal oversight at those types of polling places, turning away — or simply intimidating away — legal voters who have long made up a strong block of the Democratic base?

    Let’s hope that never happens. But the current undermining of the legitimacy of Black and brown voters is, said both Levin and Abdullah, systemic and concerning.

    Trump’s latest video is “part of a floodgate of bigotry and conspiracy that relates to elections and immigrants and Black people and it’s important to condemn the manner in which these puzzle pieces are put together to label African Americans and immigrants as a threat to democracy with respect to the vote,” Levin said.

    The premise of the video in question is that Democrats have engaged in a complicated and decades-long scheme to steal elections. It’s presented as a documentary, and the images of the Obamas have been weirdly inserted as almost a subliminal flash near the end.

    If you’ve missed the white supremacist postings that have now become commonplace on official government communications such as those from the Departments of Labor and Homeland Security, let me assure you that Levin is right and this primate video is indeed part of a “firehose” of white nationalist rhetoric coming not just from Trump, but from the federal government as a whole.

    The Civil Rights Division of the U.S. Department of Justice, for example, has turned its focus toward punishing diversity, equity and inclusion. Just this week, another federal agency, the Equal Employment Opportunity Commission, began a probe against Nike for allegedly discriminating against white people in hiring.

    “It has been not even a dog-whistling, but a Xeroxing of the exact kind of terms that I’ve been looking at on white supremacists’ and neo-Nazi websites for decades,” Levin said.

    It’s not my place or intent to warn Black people about racism, because that would be ludicrous and insulting, but I’ll warn the rest of us because in the end, authoritarianism targets everyone. This video is a clear statement that Trump’s vision of America is one in which every non-white group, every vulnerable group really, is a second-class citizen.

    “He’s enabling an entire group of people who want to take this country back to a time when rampant violent white supremacy was enabled in the law,” Abdullah said. “What they mean is recapturing an old-school, oppressive racism that is pre-1965, pre-Voting Rights Act.”

    That message, Levin said, has “a resonance with a decent part of his base,” and when fed ceaselessly into the system, can have violent outcomes.

    Levin uses the example of when Trump tweeted during the 2020 protests over the killing of George Floyd: “When the looting starts, the shooting starts,” a phrase with a violent and racist history.

    Levin said Black people have always been the primary targets of hate crimes in the United States, but after that tweet, it was some of the “worst days” for violence aimed by race.

    “When a high transmitter, like a president, circulates imagery with regard to prejudice, it creates these stereotypes and conspiracy theories, which then are the groundwork for further conspiracy theories and aggression,” he added.

    Abdullah said she worries that even if the voter crackdown isn’t officially sanctioned, those empowered conspiracy theorists will take action anyway.

    “So the people who are so-called ‘monitoring,’ self-appointed monitors … this is who’s going to be pulling people out of voter lines, and so this is what he’s whipping up intentionally,” she said.

    Keep your eye on the ball, folks, because the far-right Republicans running the show are laser-focused on it. The midterm elections have to go their way for them to remain in power.

    The easiest way to ensure that outcome is to only allow voters who see things their way.

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    Anita Chabria

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  • Apecoin Soars By 30% In 48 Hours, Signaling A Potential Bull Run

    Apecoin Soars By 30% In 48 Hours, Signaling A Potential Bull Run

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    In a month marked by heightened volatility, Apecoin (APE) has been a battleground for bulls striving to prevent a dip below the crucial $1 mark.

    This tug-of-war between bulls and potential downward pressure underscores the intense market dynamics surrounding Apecoin, leaving investors on the edge as they monitor the crypto’s price movements in this volatile November landscape.

    The latest data from the spot market reveals a resolute stance from bullish traders, as orders for more than 11 million APE tokens have beern strategically placed around the current price.

    APE has increased by 30% to surpass $1.70 following a decline to a weekly low of $1.30 on November 21. On-chain data projects long-term Apecoin investors’ resilience might reenergize APE price possibilities.

    APE Total Order Books. Source:  IntoTheBlock

    Apecoin Price Rebounds From All-Time Low

    On October 9, the price of Apecoin plunged to an all-time low and narrowly avoided breaking below the $1 support level. However, the APE token has now increased by 40%, and as of November 24, the meme coin was trading at about $1.45.

    The market situation that APE is now operating in is difficult. The recent price increases of the token are at risk due to bearish on-chain indicators.

    Over the last few months, the amount of APE coins available on exchanges has almost doubled to a little over 50 million, which may signal an increase in buyer demand.

    The combination of a decrease in active addresses and an increase in supply on exchanges indicates a pessimistic deviation, which may indicate an impending decline in the price of the meme currency.

    Two notable corrections have occurred in APE during its current surge. The 61.8% Fibonacci level marked the first retracement, and 50% marked the second corrective.

    Total crypto market cap is currently at $1.4 trillion. Chart: TradingView.com

    These retracements are getting thinner, which is a bullish indication of increasing momentum and more buyer conviction.

    Taking this into consideration, investors may use the 38.2% and 50% Fibonacci levels as a helpful guide when placing stop-loss orders, acting as a buffer against any market volatility.

    Apecoin’s price is now bouncing between $1.063 and $1.506, indicating that it is in a volatile market. There are some indications of stability from the 10-Days Moving Average at $1.410 and the 100-Days Moving Average at $1.303.

    Nonetheless, it’s important to keep an eye on the resistance levels at $1.695 and $2.139 and the support levels at $0.365 and $0.808. These levels will be crucial in influencing the short-term price movements of APE.

    APE addresses by time held. Source: IntoTheBlock

    Shift In Address Dynamics

    Meanwhile, as reported by IntoTheBlock, a positive trend divergence is evident between the long-term and short-term holder addresses for APE. Illustrated in the Addresses by Time Held chart, the count of long-term addresses has surged by 6,060 wallets since the beginning of November.

    Concurrently, the Apecoin network has experienced a decrease of 3,800 in the number of trader/short-term wallets over the same period, highlighting a noteworthy shift in address dynamics.

    The forthcoming week holds significant importance for investors in APE, as it will serve as a crucial assessment of the durability of this meme coin and its prospects for more upward movements.

    (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

    Featured image from Pexels

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    Christian Encila

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  • AMC revises stock-conversion settlement plan after Friday’s surprise court setback

    AMC revises stock-conversion settlement plan after Friday’s surprise court setback

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    AMC Entertainment Holdings Inc. has submitted a revised proposal for its stock-conversion plan, after a judge rejected a settlement Friday that would have given a green light to the deal.

    In a letter to investors that was posted Sunday on Twitter, AMC Chief Executive Adam Aron said that a modified proposal was filed Saturday with the Delaware Chancery Court intended to address the court’s concerns. If the court agrees, Aron said he hopes to implement the plan “as soon as possible.”

    Movie-theater chain AMC
    AMC,
    +1.62%

     has wanted to turn its its so-called APE
    APE,
    -2.17%

    — or AMC Preferred Equity — preferred units into common stock as part of its battle to eliminate debt. But Delaware Chancery Court Vice Chancellor Morgan Zurn on Friday rejected a settlement with opposing shareholders that would have allowed that conversion to move forward. That sent AMC shares rocketing more than 60% higher in after-hours trading Friday.

    “AMC must be in a position to raise equity capital,” Aron stressed in his letter Sunday, saying that if the company is unable to do so, the risk of running out of cash in 2024 or 2025 rises.

    “The risk of financial collapse is not whimsical,” Aron said, noting the bankruptcies of rival theater chain Cineworld/Regal and retailer Bey Bath & Beyond.

    AMC shares are up 8% year to date, but have sunk 54% over the past 12 months.

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  • AMC shares make biggest gain in nearly three months ahead of stock conversion hearing

    AMC shares make biggest gain in nearly three months ahead of stock conversion hearing

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    AMC Entertainment Holdings Inc.’s stock ended Wednesday’s session up 7.6% on the eve of a key hearing in the company’s push to convert its AMC Preferred Equity Units into common stock.

    Shares of AMC
    AMC,
    +7.56%

    had their largest single-day percentage gain since April 6, when they rose 21%. Earlier this week, the stock snapped its longest losing streak in 18 months. The APE
    APE,
    -3.37%

    units ended Wednesday’s session down 3.4%.

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  • Meme stock TOP Financial Group soars more than 890%, spurred on by the Reddit crowd

    Meme stock TOP Financial Group soars more than 890%, spurred on by the Reddit crowd

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    The stock of TOP Financial Group Ltd., a Hong Kong-based broker that went public last year, soared more than 890% Friday to a fresh record high with no apparent news to drive the move.

    Volume of 2.4 million shares traded in the first two hours of trading far exceeded the average daily volume of 872,000 over the last 65 days. The stock TOP was halted for volatility several times in early trade.

    TOP…

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  • Meme stock TOP Financial Group soars more than 890%, spurred on by the Reddit crowd

    Meme stock TOP Financial Group soars more than 890%, spurred on by the Reddit crowd

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    The stock of TOP Financial Group Ltd., a Hong Kong-based broker that went public last year, soared more than 890% Friday to a fresh record high with no apparent news to drive the move.

    Volume of 5.5 million shares traded by early afternoon far exceeded the average daily volume of 872,000 over the last 65 days. The stock TOP was halted for volatility multiple times during the session.

    The…

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  • AMC stock plunges 22% after company agrees to settlement terms, opening up for APE conversion

    AMC stock plunges 22% after company agrees to settlement terms, opening up for APE conversion

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    AMC Entertainment Holdings Inc.
    AMC,
    +2.00%

    stock dropped nearly 22% in the extended session Monday after the movie-theater operator said in a filing that it has agreed to settlement terms relating to a shareholder litigation around a stock conversion. The terms of the settlement would open the way for AMC’s proposal to convert its AMC Preferred Equity, or APE
    APE,
    +0.68%
    ,
    units into shares of common stock, alongside a 10-to-1 reverse stock split and the capacity to sell more shares, which shareholders supported in mid-March but had faced court proceedings. Shares of AMC ended the regular trading day up 2%. APEs were up around 22% in the extended session. A final settlement is subject to a formal agreement and court approval; terms also include payment to the plaintiffs of about 4.4% of AMC’s stock, or about 6.9 million shares.

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  • AMC, Bed Bath & Beyond stocks get a big lift as ‘meme’ peer GameStop shares soar

    AMC, Bed Bath & Beyond stocks get a big lift as ‘meme’ peer GameStop shares soar

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    Shares of AMC Entertainment Holdings Inc.
    AMC,
    +3.28%

    and Bed Bath & Beyond Inc.
    BBBY,
    +0.98%

    soared in premarket trading Wednesday, as fellow “meme” stock GameStop Corp.
    GME,
    +4.62%

    skyrocketed after the consumer electronics and video games seller reported a surprise fiscal fourth-quarter profit. Bed Bath’s stock shot up 11.4%, after bouncing 1.0% Tuesday off Monday’s record-low close of 81 cents, but was still headed for a sub-$1 open. AMC’s stock climbed 10.2%, after having tumbled 38.2% month to date through Tuesday. And AMC’s preferred equity units
    APE,
    +8.82%
    ,
    known as APEs, jumped 10.8% ahead of the open, after they rallied 13.8% over the past two sessions, but were still down 28.5% month to date through Tuesday. Meanwhile, GameStop shares ran up 42.8% premarket, putting them on track to open at a 3 1/2-month high.

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  • AMC shareholders approve ‘APE’ conversion in ‘landslide victory’ but stock tumbles

    AMC shareholders approve ‘APE’ conversion in ‘landslide victory’ but stock tumbles

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    Shareholders of AMC Entertainment Holdings Inc. voted overwhelmingly in support of the company’s proposal to convert AMC Preferred Equity units into shares of common stock Tuesday.

    AMC’s AMC stock, which was repeatedly halted for volatility Monday, fell 13.8%. APEs APE rose 9.3%.

    In January, AMC announced the special meeting of shareholders…

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  • APE | AMC Entertainment Holdings Inc. Dep. Pfd. (Rep. 1/100th Share Pfd. Series A) Overview | MarketWatch

    APE | AMC Entertainment Holdings Inc. Dep. Pfd. (Rep. 1/100th Share Pfd. Series A) Overview | MarketWatch

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    AMC’s APEs trading below $1

    AMC Entertainment Holdings Inc.’s AMC Preferred Equity Units , or APEs, are trading below $1. The APEs ended Tuesday’s session down 6.5% at $0.8898, outpacing the S&P 500 Index’s decline of 1.4%. The APEs have fallen 85….

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  • BetOnline Becomes First Casino and Sportsbook Company to Accept BAYC ApeCoin for Transactions

    BetOnline Becomes First Casino and Sportsbook Company to Accept BAYC ApeCoin for Transactions

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    Global Gaming Operator Adds Bored Ape Yacht Club Crypto Coin for Deposits and Withdrawals

    Press Release



    updated: Mar 18, 2022

    BetOnline.ag, one of the world’s largest online sports betting, poker and casino platforms, became the first gaming operator to add ApeCoin to its approved cryptocurrency processing list, the company announced today via the Odds PR agency.

    ApeCoin ($APE) began trading on crypto exchanges Thursday, March 17, after months of hype and speculation behind the ERC-20 token created by Yuga Labs, which is the parent company of the popular NFT project, Bored Ape Yacht Club.

    BetOnline, which publicly announced its entry into the NFT market in February after purchasing Bored Ape #320 for $375,000 during Super Bowl week, was an early adopter of cryptocurrency. The website first began accepting Bitcoin for transactions in 2010.

    “We got in early on Bitcoin because we are confident blockchain is the future of global currency,” BetOnline CEO Eddie Robbins III said. “And now, it’s incredibly exciting to start adding NFTs to our asset vault and be the first in our industry to accept ApeCoin. We’re bullish on the world of Web3, and we’re eager to build and strengthen our partnerships and promotions in this space.”

    Outside of Bitcoin, BetOnline.ag accepts more than a dozen altcoins for deposits and withdrawals on its platform, including Ethereum, Dogecoin, Avalanche, Cardano, Polygon, Solana and USDC. 

    BetOnline is widely respected by crypto communities for processing perks such as zero transaction fees, high-level security and instantaneous deposits and withdrawals. Clients have access to crypto deposit limits up to $500,000, which is the highest in the gaming industry.

    “We’ve established ourselves as the go-to sportsbook, poker and casino platform for crypto players who want the best gaming experience that is guaranteed by anonymity and transparency,” Robbins said. “The security of our customers has been, and will always be, the top priority at BetOnline.”

    An Etherscan transaction from Thursday morning shows that the company’s ENS domain and crypto wallet, betonline-ag.eth, claimed 10,094 APE tokens. A spokesperson said the company has no intention of selling its ApeCoin.

    For March Madness, BetOnline is currently offering a 110% matching bonus for new customers depositing with cryptocurrency and a 45% deposit bonus for existing customers.

    About BetOnline.ag

    Established in 1991, BetOnline (www.betonline.ag) has become a worldwide leader in providing safe, legal and secure online gaming. The company’s guiding principle is to establish long-lasting, positive relationships with its customers and within the gaming community. BetOnline features the most innovative technology and online gaming solutions for its sportsbook, poker, casino and horse racing clients.

    Contact

    Joshua Barton

    Odds PR

    josh@oddspr.com

    Source: BetOnline

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