GameStop, the US video game and consumer electronics retailer, has confirmed its first Bitcoin investment, acquiring 4,710 Bitcoin for $513 million, according to a statement posted May 28 on the company’s X account. The announcement is GameStop’s first publicly acknowledged Bitcoin (BTC) purchase since March, when the company disclosed plans to move into Bitcoin investment. … Read more
Key Takeaways GameStop acquired 4,710 Bitcoin in a strategic shift to include crypto in its financial strategy. The company raised $1.5 billion through convertible notes for this Bitcoin purchase. GameStop announced Wednesday that it had acquired 4,710 Bitcoin in its first-ever crypto purchase, officially joining a growing list of publicly traded companies embracing digital assets … Read more
This content is provided by a sponsor. PRESS RELEASE. UAE & Switzerland, 28 May, 2025: Quranium, the world’s first infrastructure purpose-built for the convergence of quantum security, AI-native intelligence, and blockchain trust, has today launched its testnet, delivering the long-awaited missing link in Web3: an uncrackable, intelligent, and scalable foundation for the digital era. Supercomputing, … Read more
Decentralized exchange Cetus Protocol, built on the Sui network, has vowed to fully compensate users impacted by a $223 million exploit that struck its Concentrated Liquidity Market Maker (CLMM) pools on May 22. The commitment hinges on an upcoming community vote to recover $162 million in frozen assets and a critical loan from the Sui … Read more
The Open Network Foundation (TON Foundation) appointed former Visa executive Nikola Plecas as its new vice president of payments. Plecas will be responsible for shaping and executing TON’s payment infrastructure strategy, the company said in a May 28 blog post. He is tasked with expanding the network’s capabilities, managing financial partnerships and ensuring compliance across … Read more
The Rise of Niche Narrative Coins As the meme coin market matures, the bar for success is rising. Today’s investors are looking beyond generic dog tokens and gravitating toward narrative-driven projects that blend culture, utility, and strong branding. This is where XYZVerse attracts attention. Positioned as the first all-sports meme coin, XYZVerse leverages the cultural … Read more
Swiss crypto bank AMINA Bank AG, formerly SEBA Bank AG, reported record financial results for 2024, with revenue climbing 69% year-over-year to $40.4 million. The bank also saw its assets under management (AUM) rise by 136% to $4.2 billion, driven by institutional demand and strategic expansion, according to a May 28 news release. The Zurich-based … Read more
Cryptocurrency exchange Bitstamp has announced that UK customers can now stake ethereum ( ETH) and cardano ( ADA) on its platform, currently offering an annual percentage yield (APY) of 3.1% for ETH and 1% for ADA. The staking process is designed to be simple and secure, allowing users to earn rewards by delegating their crypto … Read more
Key Notes ETH sees increased investor interest with a 40% jump in 24-hour trading volume. Large ETH withdrawals from exchanges by new wallets suggest strategic accumulation. Whales have collectively added over 1 million ETH in the past month, indicating strong institutional confidence. EthereumETH$1 84524h volatility:2.6%Market cap:$222.72 BVol. 24h:$14.22 B has been gaining momentum, now trading … Read more
Yesterday, we noted that the dollar needed some positive data surprises to regain firmer footing, and May’s consumer confidence figures delivered. The index rebounded sharply to 98.0 from April’s 86, well above the 87 consensus, offering a tentative signal that the US-China deal – and, even more so, the equity rebound – have helped reassure … Read more