Author: NBTC
May 28 (Reuters) – Meme stock GameStop (GME.N, opens new tab soared nearly 20% in premarket trading on Tuesday after the struggling videogame retailer said it had raised over $900 million from selling its shares during the market rally earlier this month. GameStop surged as much as nearly six times its value in the first two weeks of May, partly fueled by the online return of “Roaring Kitty” Keith Gill, a key figure in the 2021 retail trading frenzy. The stock has since lost 70% of its value up to Friday’s close, taking GameStop’s market value to $5.82 billion. The…
Transak joins hands with VeChain, through which Transak’s NFT checkout service will be merged with VeChain’s marker as a service (MaaS) base. It will help create endless options for accepting and utilising blockchain technology. Incidentally, Transak is a top fiat-to-crypto payment platform, whereas VeChain is a blockchain base that offers chain control and asset digitization. The merging of NFT checkout with the MaaS platform will provide users with the option of buying NFTS with fiat currency, the initial amount being $0.01. This will help more users venturing within the NFT space and companies to tokenize their assets and connect with…
Donald Trump is considering Elon Musk as his policy adviser in case he wins the US presidential run this year, as reported by The Wall Street Journal. This means that Musk could be an adviser on economic and border security issues, given the tech mogul’s potential to exert “formal input and influence” in these domains. According to the Journal, Musk has been actively engaging in an influence campaign to dissuade prominent US business figures from backing current Democratic President Joe Biden. Notably, Musk and Trump are two figures with back-and-forths when it comes to crypto, although the outcome seems to…
As Riot Platforms continues its quest to buy rival miner Bitfarms, others are apparently interested as well. And with a Bitfarms committee focused on determining the mining firm’s best option, it may take time for negotiations around this “hostile” bid to play out. April’s Bitcoin halving — an event during which per-block mining rewards dropped from 6.25 BTC to 3.125 BTC — was set to create an environment ripe for mergers and acquisitions given the big warchests of some and the increasing challenges for others. While big deals between publicly traded companies have not yet occurred, that could be about…
EarnOS, with its visionary approach and commitment to revolutionizing the industry, has garnered significant attention and investment. With over $6M in committed spend, onboarded over 400 creators, and partnerships with 30+ global brands and agencies, EarnOS is poised to reshape the way companies engage with audiences online.—Phil George, the Founder and CEO of EarnOS, encapsulates the company’s mission succinctly: “We’ve identified the growing complexities and issues surrounding the traditional forms of digital advertising and built a platform that solves all of it. Companies and consumers don’t care about web3.0, so we utilize the best parts and abstract away the complexity…
Mainland Chinese investors could pour $25 billion in potential Hong Kong-listed spot bitcoin exchange-traded funds (ETFs) through the Southbound Stock Connect program, according to Matrixport. One Hong Kong-based observer said mainland Chinese funds have been applying to issue spot ETFs through their Hong Kong subsidiaries. Hong Kong, one of the world’s leading financial centers and a gateway for outbound Chinese investments, is set to approve a spot bitcoin exchange-traded fund tied to bitcoin (BTC). The investment vehicle could unlock up to $25 billion in demand from Chinese investors via the Southbound Stock Connect program, according to Singapore-based crypto services provider…
GammaSwap, the developer of the earliest perpetual options on-chain, has disclosed a new partnership. The platform has revealed that it is joining forces with Puffer Finance, an Ethereum-aligned protocol for liquid staking, to improve the experience of its users. The company took to the social media forum X to inform the community about this partnership. We are excited to announce our collaboration with @puffer_finance 🐡1% of the total $GS supply will go to pufETH holders, 20% as part of an airdrop and 80% as part of liquidity mining post TGE👽 + 🐡 = 🪂1/4 pic.twitter.com/OCZQ9p1TIY — GammaSwap 👽 (@GammaSwapLabs) May…
Ethereum NFT brand Pudgy Penguins has expanded from tokenized profile pictures (PFPs) to plush toys in major retailers and beyond—and next it’ll enter the mobile gaming world via a new collaboration with publisher Mythical Games. Billed as a “AAA” mobile game, the Pudgy Penguins title is set to debut in 2025 on the Mythos Chain, a Polkadot-based gaming network that was spearheaded by Mythical Games. The studio is the developer behind games like NFL Rivals and Blankos Block Party. John Linden, co-founder and CEO at Mythical Games, told Decrypt’s GG that the studio had been talking with Pudgy Penguins CEO…
Experts are warning of the looming threat that the newly approved U.S. spot Ethereum ETFs could pose if staking is ever introduced. In a crucial bid to push the approval process over the line, Ethereum ETF issuers dropped language regarding the staking of customer ETH. When the network transitioned to a proof of stake consensus in September 2022, it required ETH to be locked up in a process called staking. The staked ETH belongs to validators who help to secure the network. They’re rewarded for staking their ETH, but can be penalized if they don’t verify transactions on time. Centralization…
Key Points: Digital asset investment products hit $1.05 billion for the third week, totaling $14.9 billion this year. The US leads with $1.03 billion in inflows, followed by Germany and Switzerland. Bitcoin ETPs attract $1.01 billion, and Ethereum sees $36 million amidst rising market optimism. For a third straight week, digital asset investment products continued to see massive inflows, according to a report by CoinShares. Record Inflows: Digital Asset Investment Products Surge to $1.05 Billion The inflows of digital asset investment products in the week were $1.05 billion, taking the cumulative flows so far in the year to an all-time…