Chinese Firms’ Plan to Avoid Stock Delisting: Buy Trump’s Memecoin - WSJ
1. GDC announced a $300 million deal for cryptocurrencies, boosting shares by 14%. 2. Chinese firms are leveraging Trump's memecoin to avoid Nasdaq delisting risks. 3. GDC violated Nasdaq's equity rule and is seeking ways to regain compliance. 4. Trump's association with crypto may open profit avenues for companies. 5. Market skepticism exists about companies speculating on meme coins.