The latest data from COINOTAG News, dated May 28th, reveals that the US Consumer Confidence Index for May surged to a robust 98.0, significantly surpassing expectations of 87.1 and the
In a stunning move that has sent ripples through both the crypto and traditional financial markets, GameStop has announced via its official X account that it has purchased 4,710 Bitcoin — a bold step that firmly plants the gaming retailer in the digital asset space. With this acquisition, GameStop joins the ranks of industry leaders like Strategy, Tesla, and Block, marking a significant shift in its corporate strategy. The announcement comes at a time when Bitcoin continues to assert itself as digital gold, drawing increasing interest from institutions, corporations, and investors alike. For GameStop — once the iconic face of the 2021 “meme stock” frenzy — this leap into Bitcoin marks not just a financial investment but a clear statement about its ambitions for the future. GameStop has purchased 4,710 Bitcoin. pic.twitter.com/gGdr0BRrAv — GameStop (@gamestop) May 28, 2025 From Meme Stock Legend to Bitcoin Holder GameStop’s adoption of Bitcoin marks a significant shift in its corporate trajectory. Once seen as a struggling brick-and-mortar retailer, GameStop shot to international fame in early 2021 when retail traders on Reddit’s WallStreetBets forum engineered a historic short squeeze, propelling the company’s stock price and turning it into a symbol of grassroots financial rebellion. Since that time, GameStop has worked to reinvent itself, exploring digital initiatives such as NFTs, blockchain gaming, and online commerce. The addition of 4,710 BTC to its balance sheet signals that the company is now betting on Bitcoin’s long-term value and global relevance. For GameStop, this isn’t merely a speculative move — it’s a calculated effort to align with the forces reshaping the future of finance and technology. Joining a Growing Corporate Trend With this purchase, GameStop joins a growing list of prominent companies integrating Bitcoin into their corporate treasuries. Strategy , under the leadership of Bitcoin evangelist Michael Saylor, has famously acquired over 200,000 BTC, establishing itself as the largest corporate holder of the cryptocurrency. Tesla made headlines in 2021 with its own high-profile Bitcoin acquisition, while fintech giant Block (formerly Square) has consistently positioned Bitcoin at the center of its long-term vision. By stepping into this elite circle, GameStop signals confidence in Bitcoin’s role as more than just a volatile asset — it sees Bitcoin as a strategic reserve and a hedge against inflation and currency risk. As macroeconomic uncertainty continues to swirl globally, Bitcoin’s fixed supply and decentralized nature make it increasingly appealing for companies seeking to diversify their balance sheets and future-proof their financial strategies. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Investor and Market Impact For investors, GameStop’s announcement introduces a compelling new narrative around the company’s trajectory. While GameStop has faced challenges maintaining profitability in a rapidly shifting retail environment, its bold entrance into the world of digital assets suggests a willingness to explore unconventional growth strategies. This move could reinvigorate investor interest, particularly among those eager to see GameStop push beyond its past as a brick-and-mortar retailer. GameStop’s move simultaneously boosts Bitcoin’s credibility as a viable asset for corporate treasuries. Each new public company that adopts Bitcoin adds momentum to its growing mainstream acceptance. GameStop’s decision could encourage other mid-cap and emerging companies to explore Bitcoin as a financial option, especially those looking to connect with younger, tech-savvy audiences. A Bold Bet on the Digital Future At its heart, GameStop’s purchase of 4,710 Bitcoin is more than just a financial transaction — it’s a statement about where the company believes the future is headed. As Bitcoin continues to attract institutional investment and command global attention, GameStop’s bold step positions it at the crossroads of gaming, finance, and technology. Whether this move ultimately proves to be a masterstroke or a risky gamble remains to be seen. But one thing is certain: GameStop is no longer just the poster child of the meme stock era — it is now an active participant in the sweeping transformation of global finance. By joining the Bitcoin bandwagon, GameStop has once again captured the world’s attention, this time with a move that could redefine its place in the digital age. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post GameStop Joins Bitcoin Bandwagon, Announces 4,710 BTC Purchase appeared first on Times Tabloid .
The approval of a U.S.-based spot XRP exchange-traded fund ( ETF ) may be nearing, as the Securities and Exchange Commission ( SEC ) has officially begun reviewing the WisdomTree XRP Trust. The application, filed by Cboe BZX Exchange, is under consideration by the SEC, and the assessment is being made of whether the proposed product meets the necessary standards for market integrity and investor protection. This review, detailed in Release No. 34-103124 , initiates a 240-day window for the regulator to approve or reject the filing and opens the door for public comments. The ETF would track XRP’s price via the CME CF Ripple-Dollar Reference Rate, allowing investors to gain exposure through standard brokerage accounts and eliminating the need for private keys or self-custody solutions. This development could signal a shift to altcoins expanding beyond Bitcoin ( BTC ) and Ethereum ( ETH ). Other spot XRP ETF application Several other firms are also pursuing spot XRP ETFs, though most remain in the early stages. Companies like 21Shares, Grayscale, Bitwise, Canary Capital, CoinShares, ProShares, Volatility Shares, and Franklin Templeton have yet to advance past initial filings or submit the required 19b-4 forms. Franklin Templeton’s application, also filed via Cboe BZX, has seen one of the recent developments. As reported by Finbold, the SEC has extended its decision deadline to June 17, 2025, to allow more time for evaluation under Section 19(b)(2). Meanwhile, betting markets reflect growing confidence in a 2025 approval. According to Polymarket , there’s an 83% probability the U.S. will greenlight an XRP ETF by year’s end. XRP ETF approval odds. Source: Polymarket If that happens, the U.S. would become the second country to approve such a product, following Brazil’s launch of XRPH11, listed on the B3 stock exchange as the XRP HASH CI ETF. However, the Brazilian fund has had little effect on XRP’s price due to the limited size of the local financial market. XRP price analysis At the time of writing, XRP was trading at $2.31, down 0.5% on the day and nearly 2% over the past week. XRP seven-day price chart. Source: Finbold The token’s immediate target is to reclaim the $2.50 resistance level, which remains key for any potential move to new highs. Featured image from Shutterstock The post Spot XRP ETF approval: Here’s the latest update appeared first on Finbold .
Strive Asset Management has made headlines with a $750 million private raise to support what it calls an ”alpha-generating” Bitcoin treasury strategy. With warrants that could potentially take the total raise to $1.5 billion, Strive is emerging as a formidable new player in the corporate Bitcoin treasury space — one that's not just going to hold BTC, but try to beat it. Within Strive's Alpha-Generating Strategy Unlike most corporate Bitcoin treasury strategies, which merely involve the buying and holding of BTC as a reserve asset, Strive CEO Matt Cole has outlined a more complex, multi-dimensional strategy. The company's strategy includes: Strive will buy firms trading below their net cash value, freeing up discounted cash to be redeployed into Bitcoin. In partnership with 117 Partners LLC, Strive is targeting Mt. Gox exchange claims with the mission to buy up to 75,000 BTC at deep discounts to spot prices. The firm will be buying the lowest tranches of structured BTC credit vehicles, contributing to yield potential. Cole discusses that such ”alpha-generating” strategies require a new paradigm of valuation, as they are designed to deliver returns above and beyond Bitcoin's performance itself — an ambition that sets Strive apart from incumbents. Who's Behind Strive? The $750 million was raised through a private investment in public equity (PIPE) round by leading institutional investors and Strive's management. The deal was priced at a 121% premium to Asset Entities' (ASST) pre-merger announcement closing price, and, noteworthy, it has no debt financing—preserving future leverage ability. Cantor Fitzgerald & Co. acted as sole placement agent and financial advisor, and legal counsel was provided by Davis Polk, DLA Piper, and Bevilacqua PLLC. Strive vs. MicroStrategy and Tesla: A New Model Emerges Company BTC Treasury Strategy BTC Holdings (approx.) Key Differentiator Strive Alpha-driven, discounted acquisitions Target: up to 75,000+ Outperformance focus and novel assets MicroStrategy Buy and hold, leverage, equity raises 568,840 Largest holder and “infinite money glitch” Tesla Buy and hold, smaller allocation ~10,500 Diversification and less aggressive While MicroStrategy (recently renamed simply ”Strategy”) has become the name most synonymous with corporate Bitcoin accumulation—having invested over $39 billion to amass 568,840 BTC — its strategy has been largely one of leveraged beta to Bitcoin's price. Tesla, meanwhile, holds a smaller, diversified position. Strive's approach is quite different: by acquiring distressed and discounted assets, it hopes to gain exposure to Bitcoin at below market value, with the intention of beating BTC's own performance. Were it to be successful, it would place Strive near the top of corporate Bitcoin holders, alongside or even ahead of the likes of MicroStrategy and Tesla in both ambition and strategy. Expert Commentary: Market Impact and Risks Treasury management experts note that Strive's strategy is ushering in a new era of institutional crypto adoption. By integrating traditional corporate finance approaches with innovative crypto asset transactions, Strive could be setting an example for the future of treasury management. As quoted by one treasury consultant: ”Strive's willingness to purchase discounted and distressed Bitcoin holdings represents a shift from passive hodling to active yield generation. If they execute it correctly, it could redefine how digital asset reserves are managed by corporations.” However, experts also caution that these approaches are not without unique risks — legal, operational, and market. The success of buying Mt. Gox claims, for example, is dependent on regulatory approval and creditor repayment timing. In addition, while institutional demand for crypto is increasing, volatility and regulatory uncertainty remain acute concerns. Potential Market Impact Strive’s aggressive accumulation and innovative strategies could: Increase competition for discounted BTC assets, especially as more companies seek to emulate this model. Add upward pressure to Bitcoin prices if large claims are settled and converted to spot BTC. Spur further institutional adoption, as treasury teams look for ways to generate yield and hedge against fiat currency risks The bottom line Strive’s $750 million raise marks a bold new chapter in corporate Bitcoin treasury management. By seeking alpha through discounted and distressed crypto assets, the firm is not just joining the ranks of institutional BTC holders — it’s aiming to set the pace. As the market watches Strive’s next moves, the outcome could reshape both treasury management and the broader landscape of institutional crypto adoption
The post Cetus Protocol (CETUS) Price Soars 27% After Hack Recovery Announcement appeared first on Coinpedia Fintech News The Cetus Protocol, considered to be the largest liquidity provider on the SUI blockchain, has recently shown a fantastic intraday jump of 27% in its native token CETUS price has showed a fantastic intrady jump of 27% and it is exchanging hands at $0.1665. This spike was fueled by Cetus Protocol’s recent great news following last week’s over $200 million hack. Per the news, they said they are covering the stolen assets , using cash, token treasuries, and a critical loan from Sui Foundation. This optimistic news has made CETUS one of the day’s top gainers. Keep reading to know more. Recent Optimistic News Boosted CETUS Price & Volume On May 22, the Cetus Protocol’s price shattered more than 40% in a single candle and more than 50% in the past week, after experiencing a bold Q2 rally alongside other altcoins of the sector. This sudden intraday crash was seen that day because of an incident of hacking on their platform. The hackers stole approximately $223 million , making the incident the second-biggest in 2025, after Q1’s Bybit hack . CETUS/USD 1.D. CRYPTO | Source: TradingView The attackers exploited a vulnerability in the liquidity provider’s smart contract, as it was an open-source library. They used to SUI wallet addresses controlled by hackers, and they swapped USDT and USDC, then converted funds after bridging with the Ethereum blockchain . After experiencing tough days, Cetus protocol took initiative today, on May 28th, and announced in a post named “ A Path Forward Togethe r”, per their official account they are willing to cover the stolen assets, with the help of Sui Foundation. This news became the foundational strength for intraday’s rise, where the volume jumped to $217 million because of a sudden spike in social dominance, due to the positive news on platform X. 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Robert Kiyosaki believes economic crisis worse than Great Depression is imminent. He predicts Bitcoin, gold, and silver prices will massively increase by 2035. Continue Reading: Robert Kiyosaki Predicts Soaring Prices for Gold, Silver, and Bitcoin The post Robert Kiyosaki Predicts Soaring Prices for Gold, Silver, and Bitcoin appeared first on COINTURK NEWS .
On May 28th, online trading platform eToro unveiled its decision to list an additional 12 cryptocurrencies on its U.S. platform, a notable expansion of its digital asset portfolio. This comes
GameStop has officially confirmed the purchase of 4,710 Bitcoins for $513 million using cash raised through debt financing, according to a press announcement by the company on Wednesday. This is the first time the company has admitted to buying any crypto since it said in March that it was planning to do so. In March, GameStop made it public that it would be raising funds via a $1.4 billion convertible notes offering. That money has now been partly used for this crypto purchase. The speculation around this started earlier this year when GameStop began hinting at exploring alternatives outside its core retail business. GameStop’s stock reacts to crypto pivot as financial concerns remain Before GameStop confirmed anything, its stock had already been moving. Rumors in February caused a surge of about 18%. The March announcement drove the price up by another 12%. On May 27, GameStop shares closed at $35 and were trading at $36.30 in the pre-market session the next morning. Over the last month, the stock is up around 30%, and about 10% higher for the year. However, the Bitcoin buy comes while the core retail business is shrinking. The latest quarterly report shows a 28% drop in revenue year-on-year. That kind of decline doesn’t align well with the current hype surrounding the stock. GameStop’s trailing price-to-earnings ratio is sitting above 100x, which is way out of line for a retail company. The valuation gap has raised a lot of eyebrows. Only one analyst is still tracking GameStop on Barchart. That analyst currently has a “Strong Sell” rating on the stock, placing a target of $13.50. If that plays out, GameStop could drop over 60% from where it stands now. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Crypto influencer X Finance Bull (@Xfinancrbull) has drawn attention to recent developments in the global payment landscape that reinforce the potential long-term role of XRP. Referencing the Bank for International Settlements (BIS) and Ripple’s involvement in international standards, the influencer stated, “75% of cross-border payments will run on ISO 20022 by 2027,” suggesting XRP is fundamentally built for this transition. He added that this transformation represents “how legacy finance gets replaced in plain sight,” by encouraging observers to reconsider XRP’s potential value against the backdrop of global flows worth over $150 trillion. THE G20 CONFIRMED IT 75% of cross-border payments will run on ISO 20022 by 2027 Ripple built for this. $XRP powers it This is how legacy finance gets replaced in plain sight You think $3 #XRP is the top? Try pricing in $150T in global flows A NEW MONETARY SYSTEM BEGINS pic.twitter.com/s4Iz2RiG8c — X Finance Bull (@Xfinancebull) May 27, 2025 G20’s Endorsement of the ISO 20022 Timeline The BIS has confirmed that the Committee on Payments and Market Infrastructures (CPMI) will continue to maintain harmonised data requirements throughout the G20 cross-border payments programme, which will run until the end of 2027. This aligns with the timeline for achieving substantial implementation of ISO 20022 standards across global financial systems. According to the BIS report, the shift to ISO 20022 is not just a technical upgrade, but a coordinated effort to improve interoperability, speed, and transparency in cross-border payments. This transition is significant given the G20’s ambition to modernize international payments. With 75% of cross-border transactions expected to operate on ISO 20022 by 2027, the focus on data harmonisation and interoperability underscores the urgency and scale of the shift underway. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple’s Position within the ISO 20022 Framework Ripple’s payment system is ISO 20022 compliant , and according to the document shared by X Finance Bull, it is the first distributed ledger technology (DLT) company to be included in the ISO 20022 Standards Body. Ripple states this step is aimed at helping customers meet the demands of the new interoperable payment landscape, further validating its alignment with international objectives. ISO 20022 is becoming the global standard for financial messaging, replacing legacy formats across SWIFT and other systems. SWIFT has announced plans to migrate to the new standard by November . Ripple’s integration into the ISO framework positions it to contribute directly to the development of messaging standards and ensure its XRP-powered systems work seamlessly. X Finance Bull emphasized the connection, noting that XRP was built for this. The comment reflects a broader sentiment in the XRP community that the asset is positioned for utility rather than speculation, and its integration into Ripple’s cross-border payment solutions distinguishes it. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post G20 Document Suggests When Ripple (XRP) Will Start Making Big Impact appeared first on Times Tabloid .
Strategy, a publicly traded firm, made headlines last week by acquiring approximately 4,020 bitcoins for an impressive total of around 427.1 million US dollars. This acquisition translates to an average