Polymarket, UMA Communities Lock Horns After $7M Ukraine Bet Resolves
The bet was resolved as ‘yes’ despite no official agreement, leading to suspicions of manipulation by a large UMA token holder, but Polymarket defended the UMA voting process.
Markets
GameStop Raising $1.3B Via Convertible Debt to Buy Bitcoin
The offering comes 24 hours after the company announced its intention to begin adding bitcoin to its balance sheet.
GameStop Bitcoin Pivot Spurs Social Media Chatter as Stock Soars 16%
The gaming retailer will spend some of its $4.8 billion cash holdings to buy bitcoin and stablecoins, sparking discussions around how much it will actually buy.
Bitcoin Hovers Above $87K, Dogecoin, SHIB Surge 11% as Traders Monitor Tariffs
“Call skew hasn’t meaningfully shifted toward calls, with call skew only emerging from June onwards, suggesting traders are waiting to see how the tariff situation develops,” one trading desk said.
GameStop to Add Bitcoin to Balance Sheet
Company CEO Ryan Cohen had teased possible purchases weeks ago, notably sharing a photo of himself and Strategy’s Michael Saylor at a Mar-a-Lago event
A $41B Investment Firm Wants to Stick With Just Bitcoin ETFs as Safer Bet
The investment firm and provider of exchange-traded funds (ETFs) launched three protected bitcoin ETFs earlier this year, but it won’t do the same for Ethereum.
Dogecoin Foundation Purchases 10M Tokens as Part of New DOGE Reserve
The Dogecoin Foundation agreed in February to a five-year partnership with House of Doge, which will be its official commercialization partner.
Nillion’s NIL Dips 12% After Debut; Analyst Believes Network’s ‘Blind Computing’ Holds Promise for Data Privacy, AI
The NIL token is the governance cryptocurrency of Nillion, used to pay network fees for blind computation and payments, and is designed to drive demand as usage scales.
Dogecoin Surges 7% as Bitcoin, XRP See Brief Rally on Hopes of Trade War Easing
PLUS: AI tokens remained stable despite a prominent technology backer saying investments in the sector are occurring “ahead of demand.”
Circle to Launch USDC in Japan on March 26 With SBI Partnership
Circle and SBI got the green light to launch USDC in the country earlier this month.