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

How National learned to love KiwiSaver
Opinion

David Chaplin: How National learned to love KiwiSaver

National is whistling in a different key on savings tax incentives today.

Why a 5% mortgage for 5 years looks good
Opinion

Cameron Bagrie: Why a 5% mortgage for 5 years looks good

The RBNZ to cut by 25bps this week to 2.25% but then likely done.

Cameron Bagrie 24 Nov 2025
The back-to-front ferry deal
Opinion

Pattrick Smellie: The back-to-front ferry deal

Will the wharves be ready when the new ferries arrive?

Pattrick Smellie 20 Nov 2025