Crypto News

The real winner in GameStop's bitcoin pivot is Strategy How might the market react when a meme stock fuses with crypto? GameStop (GME) invited more volatility to its doorstep and provided an early answer. After announcing the purchase of more than 4,700 bitcoins, the stock sank as the video game retailer-turned-YOLO ticker underwent a new transformation into a digital currency "hodler." There's a reaction to the announcement, perhaps expected and even warranted, that this is the latest flailing attempt to turn a business in decline into something people will like better. Why not lean into GameStop's own recent history as a meme stock and take it to its logical crypto conclusion? After all, there's a successful precedent on its side...

Solana Scores Twin Institutional Wins With $1B Raise and First Public Liquid Staking Strategy Solana’s SOL got a double dose of institutional adoption this week as two publicly traded firms revealed major initiatives centered on the blockchain’s ecosystem — one targeting liquid staking, the other aiming to raise up to $1 billion for direct investment. Canada-listed Sol Strategies filed a preliminary base shelf prospectus to offer up to $1 billion in securities, including equity and debt, to deepen its exposure to Solana. There is no immediate plan to raise capital, but the filing provides the firm with flexibility to act quickly on future opportunities. The move comes just weeks after Sol Strategies secured a $500 million convertible...

Image source: Getty Images. Key Points MicroStrategy (NASDAQ: MSTR), which has rebranded itself as just Strategy, has been among the hottest growth stocks to own during the past three years. The stock has risen 1,600% during that time frame, while the S&P 500 has increased by just 42%. If you believe Strategy's co-founder and former Chief Executive Officer Michael Saylor, however, then there could still be a lot more upside for the stock. Here's a look at how valuable he thinks the business will become, and why. Forget just $1 trillion. Saylor thinks Strategy might be worth $10 trillion In a recent documentary, Saylor said that Strategy, still the company's executive chairman, may one day reach a valuation of $10 trillion. Today...

A divergence is emerging in US exchange-traded funds as investors move from gold to its so-called digital counterpart, Bitcoin (BTC-USD). Bitcoin ETFs Pull in $9 Billion Over the past five weeks, US Bitcoin ETFs have attracted more than $9 billion in inflows, led by BlackRock Inc.‘s iShares Bitcoin Trust ETF (IBIT). Meanwhile, gold-backed funds have suffered outflows exceeding $2.8 billion over the same period, according to data compiled by Bloomberg News. While easing trade tensions has cut into demand for traditional havens like gold of late, Bitcoin’s perceived status as an alternative store of value is growing — just as concerns over US fiscal stability mount. Bitcoin touched a record high of $111,980 earlier this month, buoyed...

First major city to potentially launch shocking new financial instrument New York City could become the first U.S. city to introduce Bitcoin-backed bonds — or “BitBonds” — if Mayor Eric Adams gets his way. “It is time for the first time in the history of this city to have a financial instrument that is made for those who are holders of Bitcoin,” Adams said during his speech at the Bitcoin 2025 conference in Las Vegas on Wednesday. “We need to have a BitBond, and I am going to push and fight to get a BitBond in New York so you can do those same bond investments in New York City,” he added. The mayor's remarks follow growing momentum behind the BitBond concept, first outlined by the Bitcoin Policy Institute (BPI) earlier this year...

Pakistan to Establish a Bitcoin Strategic Reserve, Allocate 2000 Megawatts of Energy for Crypto Mining LAS VEGAS, Nevada — The government of Pakistan has plans to establish a strategic bitcoin BTC reserve and support bitcoin mining, the country’s Minister of State for Blockchain and Crypto Bilal Bin Saqib announced at Bitcoin 2025 in Las Vegas on Wednesday. Bin Saqib said that Pakistan’s plans for a strategic bitcoin reserve were inspired by U.S. President Donald Trump's administration’s own nascent plan for a strategic bitcoin reserve in the U.S., which will — at least at first — be filled with the U.S. government’s holdings from criminal and civil forfeitures, estimated to sit at around 200,000 bitcoins. He also said that the...

NVIDIA reports positive earnings, but AI tokens take a nosedive The chipmaker reported $44.1 billion in revenue for the first quarter of fiscal 2026, up 69% from a year ago, with a record $39.1 billion coming from its data center business. “Global demand for NVIDIA’s AI infrastructure is incredibly strong,” said CEO Jensen Huang, adding that “AI inference token generation has surged tenfold in just one year.” He called NVIDIA’s new Blackwell NVL72 supercomputer a “thinking machine” and described AI as “essential infrastructure — just like electricity and the internet.” Still, that AI hype isn’t translating to token prices. FET, the native asset of the recently formed Artificial Superintelligence Alliance, dropped 4.2% in the last 24...

Dinner with Trump? One crypto bro pulled off 'The Big Short' to get there Last week, President Donald Trump hosted the top 220 holders of the TRUMP meme coin at a dinner gala. The eponymous meme coin and the subsequent private dinner have created a lot of drama and elicited intense scrutiny over the past few weeks. The conflict of interests involving the president, Trump barely interacting with any guests, token dumps, disappointing menu, protests — you name it, they got it. In fact, nearly half of the guests suffered losses by participating in the contest. However, there was one guest who figured out how to secure an entry to the VIP dinner without losing any money. The Verge, a tech news website, published an interview with the...

Mark Zuckerberg's Goat is Now Worth $110,000 — Sort Of Meta CEO Mark Zuckerberg once made headlines after revealing he owned two goats — one of which is curiously named "Bitcoin." At the time, the crypto community buzzed with speculation: Was Zuckerberg secretly a Bitcoin maximalist? Did Meta have plans to add BTC to its balance sheet? Now, with Bitcoin (BTC) trading near $110,000, the internet is once again amused: if Zuckerberg’s goat “Bitcoin” were literal, it would now be worth over six figures. The story dates back to 2021, when Zuckerberg posted a casual Facebook update introducing his goats, “Max” and “Bitcoin.” Reactions ranged from excitement to confusion, especially since Zuckerberg has never confirmed owning BTC himself...

Why the Market Dipped But Texas Instruments (TXN) Gained Today In the latest market close, Texas Instruments (TXN) reached $184.15, with a +0.5% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.56%. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq decreased by 0.51%. Heading into today, shares of the chipmaker had gained 13.98% over the past month, outpacing the Computer and Technology sector's gain of 11.21% and the S&P 500's gain of 7.37% in that time. The investment community will be closely monitoring the performance of Texas Instruments in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.32, reflecting an...

Image source: Getty Images. Key Points Investors often chase the newest and hottest stocks. But any stock decision you make should be backed up by careful research, not the whims of the market. Slow and steady wins the race, even if it's less exciting. Investing in an exchange-traded fund (ETF) that tracks a market index offers incredible long-term opportunities for patient investors without the nail-biting of speculating, and with a long and hearty track record. In fact, all it takes is $100 a month invested consistently and over a long period of time for you to come out with some serious gains. Plus, this method is sanctioned by none other than Warren Buffett, widely considered to be the greatest investor of our time. Let's see...

Katana Foundation launches a private DeFi blockchain The Katana Foundation has introduced a new private blockchain that enhances the decentralized finance (DeFi) user experience by providing greater liquidity and higher user yields. The Katana mainnet, the private version, is now live, with a public launch expected in June. Katana, under the support of Polygon Labs and GSR Markets, combines several decentralized finance solutions to guide users in earning more with their digital assets and mitigating one of the most substantial challenges in capital markets: fragmented liquidity. This is important because fragmented liquidity often leaves users vulnerable to price slippage, which can impact overall returns, particularly for...

Saylor’s MicroStrategy wallet addresses revealed despite his warnings Strategy (Nasdaq: MSTR), formerly known as MicroStrategy, has had its closely guarded Bitcoin wallet addresses identified by Arkham Intelligence, a move that goes against what co-founder and Executive Chairman Michael Saylor has publicly warned against. Arkham posted on X, “SAYLOR SAID HE WOULD NEVER REVEAL HIS ADDRESSES ... SO WE DID,” claiming they’ve identified an additional 70,816 BTC belonging to Strategy, bringing the total to $54.5 billion. This represents 87.5% of Strategy’s total BTC holdings, including those under Fidelity Digital’s omnibus custody. “Previously, we tagged: – 107K BTC sent to MSTR Fidelity deposits (Fidelity does not segregate custody, so...

Image source: Getty Images. Why Toncoin Was Zooming Higher on Wednesday Key Points Major financing news from the company it's associated with helped drive the price of Toncoin (CRYPTO: TON) well higher on Wednesday. As of 4 p.m. ET, the coin was up by nearly 14% in price and outperforming a great many other cryptocurrencies. It was also trouncing quite a few stocks, as the S&P 500 (SNPINDEX: ^GSPC) had closed the trading day 0.6% lower. $1.5 billion worth of support Although it's now a separate entity, Toncoin was originally developed by the team behind secure-messaging app Telegram. This is why the coin is used as the native currency for Telegram services. This connection is a major reason for Toncoin's Hump Day surge...

The artificial intelligence (AI) tokens took a hit ahead of the California-headquartered chipmaker Nvidia (Nasdaq: NVDA) gearing up to post its Q1 2025 earnings report once the trading day closes on May 28. The total market cap of AI tokens slipped 0.5% in a day to $29.7 billion at the time of writing. All the leading AI tokens reflected a decline in their prices over the last 24 hours. TAO, the AI token powering the decentralized ML network called Bittensor, fell 2.6% to $434.76 at press time. NEAR, another leading AI token, dropped 3.58% to $2.79. ICP, the token powering decentralized AI solutions at the Internet Computer protocol, fell 2% to $5.26. RENDER, the AI token powering the decentralized GPU rendering platform, fell as...

The crypto market faced broad selling pressure on May 28 as traders reacted to heightened uncertainty around U.S. interest rate policy. The global cryptocurrency market cap fell 4.2% to $3.52 trillion, with leading tokens such as Ethereum (-1.2%), XRP (-3.6%), and Solana (-4.1%) leading the decline. Bitcoin remains above $107,000, but it dropped 2.4% in the last 24 hours. No rate cut The Federal Reserve stated that the risks of both inflation and unemployment are high, and that it remains vigilant, monitoring developments that might exacerbate either risk. The FOMC chose to hold the fed funds rate steady in the target range of 4.25% to 4.50%, without making any commitments to cuts or rate hikes at this time. Instead, they stated...

Nvidia beats on Q1 revenue, says it expects an additional $8 billion charge on H20 losses in Q2 Nvidia (NVDA) reported its first quarter earnings after the bell on Wednesday, beating expectations on revenue, but falling short on adjusted earnings per share (EPS) due to the impact of the ban on shipments of its H20 chips to China. The company also said it expects to miss out on roughly $8 billion in sales of H20s in the second quarter. Nvidia stock was up nearly 4% following the announcement. For the quarter, Nvidia reported EPS of $0.81 on revenue of $44.1 billion, compared to analysts' expectations of $0.93 on revenue of $43.3 billion. Without the charge for the H20 chips in Q1, adjusted EPS would have topped out at $0.96. The...

GameStop is the latest publicly traded company to invest in bitcoin. (AP Photo/David Zalubowski, file) GameStop stock slides 10% as company announces $500 million bitcoin purchase GameStop (GME) stock sank more than 10% on Wednesday after the video game retailer announced it purchased 4,710 bitcoin (BTC-USD). With bitcoin trading around $108,000 per token, the investment is valued at over $500 million. The token reached a record high north of $111,000 last week. In March, the company, led by billionaire Ryan Cohen, formally announced that its board unanimously approved adding the cryptocurrency as a treasury reserve asset. Subsequently, the meme stock tumbled nearly 25% in one session after the retailer said it intended to...

Chinese startup DeepSeek has released an updated version of its R1 reasoning AI model on the developer platform Hugging Face after announcing it in a WeChat message Wednesday morning. The updated R1, which is under a permissive MIT license, meaning it can be used commercially, is a "minor" upgrade, according to DeepSeek's WeChat announcement. The Hugging Face repository doesn't contain a description of the model — only configuration files and weights, the internal components of a model that guide its behavior. Weighing in at 685 billion parameters in size, the updated R1 is quite hefty. ("Parameters" is synonymous with "weights.") Without modification, the model likely can't run on consumer-grade hardware. DeepSeek rose to prominence...

JD Vance declares, 'I still own a fair amount of Bitcoin' in bold Bitcoin conference speech At the 2025 Bitcoin Conference in Las Vegas, Vice President JD Vance gave an impassioned speech that energized the crypto community and reinforced the Trump administration’s strong pivot toward digital assets. In front of a packed crowd, Vance declared, “I still own a fair amount of Bitcoin today,” signaling personal commitment to the crypto cause — a move that instantly made headlines. Related: Live: Vice President JD Vance speaks at Bitcoin conference Vance reflected on his entry into politics during his 2022 Senate run, sharing how early support for Bitcoin shaped his views on Washington’s approach to innovation. “Think about this. This...