Crypto News

None GameStop Stock Slides as Sales Decline GameStop (GME) shares fell in extended trading Tuesday as the retailer's quarterly revenue declined. The video game retailer's revenue dropped 17% year-over-year to $732.4 million. The company swung to an adjusted profit of $83.1 million, or 17 cents per share, from a loss of $36.7 million, or 12 cents per share, a year ago. However, adjusted earnings were down from the $136.4 million, or 30 cents per share, GameStop reported a quarter earlier. GameStop shares slid about 5% in after-hours trading. The stock was down 4% for 2025 through Tuesday's close. GameStop also said it has not bought any additional bitcoin (BTCUSD) since last month it disclosed the purchase of 4,710 bitcoin. The...

HIVE Digital CEO Frank Holmes says U.S. crypto regulation needs AI In an interview with TheStreet Roundtable, HIVE Digital Technologies Chairman Frank Holmes weighed in on the SEC’s Crypto Task Force Roundtable, where Chair Paul Atkins emphasized moving from enforcement to formal rulemaking for crypto issuance, custody, and trading. Holmes predicts artificial intelligence will be at the heart of those new guidelines — and he also assessed how a non-sellable treasury Bitcoin reserve might reshape markets. AI-driven rulemaking Holmes argued that AI and next-generation data processing will enable regulators to draft clear, comprehensive crypto rules. “I think the US government today is much more using AI and the ability with the new...

Exclusive: Geodnet CEO Mike Horton on blockchain-powered GPS In a world where GPS often means “good enough,” Geodnet is aiming for precision — down to the centimeter. In a conversation with TheStreet Roundtable’s host Malak Albaw, Geodnet co-founder and CEO Mike Horton broke down how his company is doing more than building infrastructure. It's laying the groundwork for a decentralized, blockchain-incentivized GPS network that actually works where it matters — in farms, fields, and even future robot highways. “We're not just improving location accuracy — we're rewriting how global positioning systems should work,” Horton said. Geodnet is built on a network of over 7,000 GNSS reference stations — what the team calls “satellite...

Legendary analyst has alarming déjà vu alert on Bitcoin Wall Street legend Peter Brandt, who correctly predicted the S&P 500 rally, recently shared an alarming warning about the fate of Bitcoin. Brandt compared Bitcoin's price cycle over the past year to the 2011-22 cycle and wondered if the cryptocurrency is following the previous pattern and headed for a 75% correction. It seemed surprising to many members of the Crypto Twitter community that the asset that hit its all-time high (ATH) of $111,970.17 only on May 22 could be poised for a correction. Brandt's X post invited some curious and some mocking comments, but the veteran trader doubled down on his analysis. He shared his previous blog post dated Apr. 26, 2024, to claim that...

Cynthia Lummis Slams 'Flawed' Tax Rules Sen. Cynthia Lummis (R-WY) believes crypto assets, including Bitcoin, are being unfairly targeted due to "flawed tax rules." Lummis, known for her advocacy of cryptocurrency in the U.S. political sphere, famously introduced the BITCOIN Act to transform Trump's executive order into legislation for establishing a strategic Bitcoin reserve. Her criticism of the current crypto tax policy aligns with a broader pro-crypto stance pursued by the Trump administration. The U.S. Internal Revenue Service (IRS) classifies cryptocurrencies as property for taxation. Crypto transactions that result in gains incur taxes as capital gains by the IRS. The short-term crypto capital gains tax is between 10% to 37%...

Metis, one of Ethereum’s earliest Layer 2 (L2) scaling solutions, is shifting its focus from pure scaling to enabling AI-native infrastructure, says CEO Tom Ngo. In a sit-down, Ngo discussed how Metis has evolved from problem-solving in scaling to delivering real-world utility at the intersection of blockchain and AI. Reflecting on Metis's origins, Ngo noted, “We were one of the first L2 to scale out Ethereum. We've seen so many challenges in the industry… and right now, AI is the biggest convergence for our industry." He stressed that blockchain’s role in AI—especially in verifying and aligning data—is becoming central to their mission. Hyperion: a high‑speed L2 built for AI data pipelines “So we're getting ready to launch...

None Goldman Sachs Makes a Shocking Prediction on Inflation In light of the May Consumer Price Index (CPI) data announcement due tomorrow, Goldman Sachs is projecting inflation to rise from 0.05% points to 0.25% points month-over-month. Year-over-year core inflation may be at 3.5%, an increase from 2.8% in April, despite easing pressures from labor, housing, and the automotive sector. “In subsequent months starting in June, we expect to see a larger tariff boost and higher core CPI prints,” an analyst said. This could limit the desired Fed cuts farther out, but risk assets, such as cryptocurrencies, are reacting positively so far. As a result, Bitcoin has remained over $109,000 over the last 24 hours, and Ethereum is at $2,700...

Crypto Winter 'Not Coming Back': Saylor Strategy Executive Chairman Michael Saylor says crypto winter is not coming back and Bitcoin is going to $1 million. He speaks with Katie Greifeld and Matt Miller on "Bloomberg Crypto." This article has been published in bloomberg.com via Yahoo News. https://finance.yahoo.com/video/crypto-winter-not-coming-back-182616395.html

"Chanos Doesn't Understand Our Business Model: Saylor" Legendary short seller Jim Chanos recently said to buy Bitcoin and short Strategy shares. In an interview on "Bloomberg Crypto," Strategy Executive Chairman Michael Saylor says Chanos doesn't understand our business model. This article has been published in [Bloomberg] via Yahoo News. https://finance.yahoo.com/video/chanos-doesnt-understand-business-model-180653607.html

Zacks Investment Research COIN Outpaces Industry in 3 Months: Time to Buy the Stock? Shares of Coinbase Global Inc. COIN have rallied 33% over the past three months, outperforming its industry’s growth of 12.3%, the sector’s increase of 7.1% and the Zacks S&P 500 composite’s rise of 7.5%. Robinhood Markets HOOD, a crypto-oriented company, has gained 101.7% over the past three months, while Interactive Brokers Group, Inc. IBKR has gained 20.1% in the same timeframe. As the largest registered crypto exchange in the United States, Coinbase is well-positioned to benefit from increased market volatility and rising crypto asset prices. The United States is being envisioned as a crypto hub. Thus, management remains focused on making...

Bitcoin climbs as companies increasingly use tokens to 'hedge against inflation' Bitcoin (BTC-USD) climbed toward a new high on Tuesday as investors continue to bet on the Trump administration's friendly stance toward the crypto industry and companies increasingly add the token to their balance sheets. As of 1 pm ET, the token was trading just below $109,000, roughly $3,000 away from touching its all-time intraday high in May. Greater adoption of the token has been driven in part by dozens of public companies getting on the bitcoin bandwagon. "Over time, bitcoin has proven itself to be a better hedge against inflation than many other asset classes," said Elliot Johnson, CEO of Bitcoin Treasury Corp., an advisory firm that helps...

A common phrase you might have heard if you were born before the economic system was digitized and credit cards became the standard form of payment for Americans was “cash is king.” Cash is valuable to people, in large part, because it is untraceable. Oftentimes, criminals would take advantage of this fact to avoid taxes, buy illegal substances, and keep their true wealth hidden from onlookers. There are plenty of reasons someone may want to use cash for completely legal reasons, including gifts for spouses that would be given away if included on a credit card statement, tipping, avoiding debt, and shopping at cash-only businesses. Bitcoin is not like cash. It is a public ledger, where anyone can look up every transaction that has...

Bitcoin winter not coming back, says Strategy’s Saylor MicroStrategy Chairman Michael Saylor dismissed recent criticism from a legendary short seller during a Bloomberg TV interview, explaining his company’s business model and outlook on Bitcoin’s future. Responding to Jim Chanos’s short call on MicroStrategy shares, Saylor stated, "I don’t think he understands what our business model is. We are the largest issuer of Bitcoin-backed credit instruments in the world." Saylor explained that MicroStrategy recently raised $1 billion by selling preferred stock, which he described as "borrowed money that we never have to pay back that we pay a dividend on but we could suspend if we needed to." This approach allows the company to purchase...

What's Driving Ethereum ETF Inflows for the 7th Straight Week? Ethereum ETFs are making headlines once again, registering robust inflows as institutional and retail interest continues to climb. According to CoinShares, Ethereum products have recorded their seventh consecutive week of net inflows, raking in $296.4 million, signaling a strong resurgence of confidence in the second-largest cryptocurrency by market capitalization. BlackRock's iShares Ethereum Trust ETHA accounted for the majority of the flows, bringing in $281.3 million and registering 15 consecutive days of inflows. This marks the strongest inflow streak since the U.S. presidential elections in November 2024. The recent surge in inflows represents one of the most...

AI isn’t coming. It’s already here. Everyone’s talking; soon, everyone’s using. The march toward mass adoption has tech giants frothing—scrambling to stake a claim before the gold rush turns to dust. Speculation is cheap. Projections are noise. Infrastructure is the only thing that leaves a mark. And the ones building it? They’re wiring the future. Because beneath the noise, something else is taking shape—intelligence that doesn’t just simulate thought, but acts, transacts, remembers. Not centralized. Not sandboxed. Autonomous by design. This is where AI coins come in. They’re not just funding the future—they’re engineering it. Networks that render at scale. Agents that monetize themselves. Systems that ground machine learning in...

Circle’s wild IPO sparks ETF rush betting on the hot stablecoin stock Wall Street’s ETF machine kicked into high gear just hours after Circle Internet Group Inc (CRCL) went public, riding the frenzied initial public offering of the stablecoin giant as crypto technologies enter mainstream finance. At least three issuers rushed to file related exchange-traded funds following Circle’s white-hot Thursday debut. The firm — issuer of USDC, the second-largest stablecoin — saw its shares triple shortly after trading began, reviving animal spirits across an IPO-starved market. Filings for the Bitwise CRCL Option Income Strategy ETF, ProShares Ultra CRCL ETF and T-Rex 2x Long CRCL Daily Target ETF landed with the US Securities and Exchange...

6 Times Internet Rumors Caused the Stock Market To Plummet Stock prices can rise and fall with news, and with the unfiltered world of the internet at everyone’s fingertips, news travels faster than ever. This can be great news for traders and investors looking to profit from rising prices, but it can also hurt investors when bad news breaks. And with the massive influence of media companies and CEOs being able to post their thoughts instantly online, this can come with devastating effects. Here are a few examples of internet rumors causing the stock market to drop suddenly. And yes, many of them are because Elon Musk tweeted something. Associated Press Twitter Hack The Twitter account for Associated Press was hacked in April of...

Is a Recession Coming or Not? Here Are Both Sides of the Coin The debate over whether the U.S. is heading into a recession in 2025 is intensifying, with economists, policymakers, and business leaders offering conflicting perspectives. While some indicators suggest an economic downturn is imminent, others point to resilience and potential for continued growth. Arguments Suggesting a Recession Is Coming Declining GDP and Consumer Spending According to Trading Economics, the U.S. economy contracted by 0.2% in the first quarter of 2025, marking the first decline since early 2022. In addition, a PNC Bank analysis found that consumer spending has also slowed to 0.3% after a 3.7% increase in March as consumers attempted to get ahead of...

One group of tech stocks has been surging significantly since the start of 2025, with several members rising more than 100% over the past six months. And no, it's not artificial intelligence (AI). Quantum computing is often overshadowed by AI, in part because its technology isn’t as widely understood or followed. But some of the industry’s most prominent names have demonstrated significant growth, catching the eye of Wall Street. Most companies in the space produce a type of technology that leverages the principles of quantum mechanics to perform computational tasks at a much faster rate than classical machines. They do this by using quantum bits (qubits) of information to solve problems at extremely high speeds. Now, one financial...

HODL On Tight: The Meteoric Rise of Crypto Treasury Companies – Industry Overview Report With a big push from the White House, investments by major financial institutions and even large university endowments, cryptocurrency has gone mainstream. The latest trend: a niche class of publicly-traded companies available to all investors which serve as proxies for major tokens like Bitcoin, Ethereum, and Solana. Public companies such as Tesla and Coinbase have leveraged cryptocurrencies as a hedging tool or passive reserve for quite some time now. The new generation of crypto-embracing companies, however, have put digital currencies at the center of their capital and value-creation strategy. These “core strategy” companies include Strategy...