Bitcoin Joins GameStop’s Balance Sheet in $500M Bet GameStop has officially entered the Bitcoin arena, with CEO Ryan Cohen confirming that the company acquired 4,710 BTC on May 28, 2025, worth over $500 million at the time. According to Cohen, this move isn’t about following in MicroStrategy’s footsteps but instead reflects a unique inflation-hedging strategy amid global monetary uncertainty. “We have our own strategy,” Cohen stated. “We’re focused on deploying capital responsibly and protecting value for our shareholders.” GameStop now holds one of the largest corporate BTC treasuries in the U.S., positioning itself alongside major firms leveraging crypto to offset…
Author: Blockto Team
Bitcoin Dips 1.8% Amid Profit-Taking Bitcoin (BTC) is trading lower today, down 1.8%, as traders begin to take profits after weeks of bullish momentum. The recent pullback is being viewed by analysts as a natural pause in an overheated market, with some warning that crypto enthusiasm may be outpacing fundamentals. After reaching highs above $123,000, Bitcoin has dipped below $121,000, triggering a modest sell-off across altcoins and leading some to question whether the rally is losing steam. Experts emphasize that while the broader trend remains bullish, the market is not “invincible,” especially amid rising leverage and retail speculation. AI Tokens…
Grosse Pointe Farms Passes Ordinance Despite Having No Crypto ATMs In a proactive move to protect residents from fraud, the city council of Grosse Pointe Farms, Michigan, has passed a new ordinance regulating cryptocurrency ATMs — even though the town currently has none in operation. Prompted by a local scam incident in nearby St. Clair Shores and broader warnings issued by Michigan Attorney General Dana Nessel, the council unanimously approved the measure on Tuesday. Officials say it aims to increase transparency and safeguard consumers before kiosks ever arrive. “The crooks tell people to go and put money into these machines,…
NEAR Recovers Despite Broader Crypto Market Sell-Off NEAR Protocol (NEAR) faced selling pressure on Tuesday, falling nearly 3% during a period of broad market decline. The dip coincided with Bitcoin’s drop from $123,000 to $117,000, triggering risk-off sentiment across major altcoins. NEAR slipped to $2.50, but recovered swiftly to $2.52, reinforcing strong support near the $2.48–$2.52 range. A break below $2.48 could open the door to downside targets around $2.34, which previously served as a rally base last week. Volume Surge Signals Institutional Interest A notable volume spike between 03:00 and 04:00 UTC lifted trading activity to 3.68 million units,…
Peter Thiel’s Investment Sends BitMine Shares Soaring Shares of BitMine Immersion Technologies (BMNR) surged by 12.5% in after-hours trading following the announcement that billionaire investor Peter Thiel acquired a 9.1% stake in the crypto mining firm. According to a regulatory filing released Tuesday, Thiel purchased 5.09 million shares through his venture capital arm, Founders Fund. The stock rose to as high as $48.50 after the bell, marking a 21% jump from the regular session close of $40.01, before settling at $44.97. A Strategic Bet on Crypto Mining and Ethereum Thiel’s investment is seen as a strong vote of confidence in…
Internet Computer (ICP) faced sharp intraday volatility on July 15, 2025, sliding as much as 3.47% early in the session. The token dropped from $5.50 to $5.21, with bearish pressure pushing the price as low as $5.20 during overnight trading. Over 850,000 contracts were traded around 03:00 UTC, indicating intense market activity from short-term sellers. Caffeine Launch Sparks Rebound The launch of Caffeine, a next-generation AI-powered Web3 platform, marked a turning point for investor sentiment. Officially unveiled at the “Hello, Self-Writing Internet” event in San Francisco, Caffeine enables no-code decentralized app (dApp) creation using natural language prompts. This innovation combines…
Ethereum (ETH) is trading near $3,000 despite recent market turbulence, and Eric Jackson, the founder of Toronto-based hedge fund EMJ Capital, believes this is just the beginning. In a detailed post shared on X, Jackson outlined why his firm expects ETH to reach $10,000 in the current bull cycle, possibly even $15,000 under favorable conditions. At the core of this forecast is the anticipated approval of staking for ETH ETFs by October 2025. According to Jackson, while spot ETH ETFs have already gained approval, the staking feature is the true catalyst that could transform Ethereum from a speculative asset into…
Blockstream CEO Adam Back in Advanced Talks With Cantor Equity Partners In a landmark move for crypto finance, Blockstream CEO Adam Back is reportedly in the final stages of a $3.5 billion bitcoin deal with Cantor Equity Partners 1, a SPAC (special purpose acquisition company) led by Brandon Lutnick, chairman of Cantor Fitzgerald. The deal, if finalized, would involve the transfer of 30,000 BTC in exchange for equity. Cantor’s Vehicle to Be Renamed BSTR Holdings According to reports, Cantor Equity Partners 1 would acquire 30,000 bitcoin from Adam Back and Blockstream Capital. In exchange, Back would receive shares in the…
Binance Coin Sees Pullback Amid Broader Crypto Market Volatility BNB, the native token of Binance, experienced a nearly 2% price drop over the past 24 hours, slipping to around $680 after peaking near $700 earlier in the session. The move comes as traders across the crypto market are locking in gains following a significant surge led by Bitcoin’s rally above $123,000. The pullback reflects broader risk-off sentiment following profit-taking and macroeconomic pressures, including a recent uptick in U.S. inflation. Key Technical Levels: Resistance Holds at $695 According to technical data, BNB has been trading within a narrow corridor, bouncing between…
Tornado Cash Developer Faces High-Profile Federal Charges The criminal trial of Roman Storm, co-founder of the Tornado Cash cryptocurrency mixing protocol, officially began this week in the Southern District of New York, with jury selection concluded and opening statements delivered. Federal prosecutors launched their case by alleging that Storm knowingly allowed the North Korean Lazarus Group to use Tornado Cash to launder stolen crypto assets, directly violating U.S. sanctions laws. “The defendant was profiting from a giant washing machine for dirty money,” said Assistant U.S. Attorney Kevin Mosley, referencing the $600 million Ronin Bridge hack in 2022, which was attributed…