A huge crypto scam, housing losses, Pfizer & IPOs

A huge crypto scam, housing losses, Pfizer & IPOs
Squid was a pump-and-dump scheme according to Binance. (Image: Getty)
Brian Gaynor
It has been another frantic week on financial markets with Squid Game crypto tokens soaring more than 70,000%, a residential property trader throwing in the towel after experiencing huge losses, another great Pfizer result, and Allbirds and Vulcan Steel following Rocket Lab and listing on overseas markets.Meanwhile, the NZX has been relatively subdued.Squid Game crypto coinsThe Squid Game (Squid) coin, which had a pre-market launch on Oct 20, is based on Netflix’s Korean language show ‘Squid Game’ about a deadly tournament of...

More Opinion

Scale game goes on as funds jostle for $341b share
Opinion

David Chaplin: Scale game goes on as funds jostle for $341b share

A handful of NZ boutique fund managers have yet to surface in takeover rumours.

David Chaplin 02 Sep 2025
Hold on: The 2026 election is going to be close
Opinion

Cameron Bagrie: Hold on: The 2026 election is going to be close

Watch out for the undecided vote percentages in upcoming polls.

Cameron Bagrie 02 Sep 2025
The quarter that never comes
Opinion

Dileepa Fonseka: The quarter that never comes

The Government is Waiting for Godot with its thirst for an interest rate cut-led boom.

Dileepa Fonseka 01 Sep 2025