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.
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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.
“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.
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
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.
The Dogecoin Foundation agreed in February to a five-year partnership with House of Doge, which will be its official commercialization partner.
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.
PLUS: AI tokens remained stable despite a prominent technology backer saying investments in the sector are occurring “ahead of demand.”
Circle and SBI got the green light to launch USDC in the country earlier this month.
This is the third significant on-chain movement of funds by the exchange in four weeks.
Binance did not name the token involved in the allegations, and confirmed that no insider trading took place.