The US SEC suspended trading in the stock of QMMM, a crypto treasury company, saying its stock price was manipulated by social media.

The U.S. Securities and Exchange Commission (SEC) has suspended trading in QMMM Holdings Ltd., a digital media advertising company whose stock price surged nearly 1,000% in less than three weeks, alleging potential manipulation by social media influencers. QMMM's stock price has risen 959% since the company announced earlier this month that it would establish a "diversified cryptocurrency treasury," initially with $100 million in investments primarily in Bitcoin, Ethereum, and Solana. (Bloomberg)