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GameStop's stock price dropped 44% after trading restrictions were imposed by Robinhood and other platforms, according to CNBC After Hours. The company also announced the shutdown of hundreds of stores, with more closures expected. The GameStop short squeeze event pits small investors against hedge fund short sellers, becoming a major financial topic. The '500 GameStop Challenge' further highlighted the intense battle between the two sides, attracting widespread attention in the financial and cryptocurrency circles.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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