GameStop Considers Cryptocurrency Transactions Following $500M Investment in Bitcoin
GameStop is investigating the potential for accepting cryptocurrency as payment for trading cards and collectibles, depending on customer demand. CEO Ryan Cohen explained that the company's $500M Bitcoin investment was a safeguard against inflation rather than an imitation of another strategy. GameStop, with over $9B in cash and marketable securities, previously ventured into crypto with a wallet and an NFT marketplace, both of which were shut down due to regulatory uncertainties.
Despite these setbacks, the company remains interested in the crypto space. The company's stock remained stable following Cohen's recent remarks. GameStop also raised $450M as part of a $2.25B private offering, which could potentially be used for future digital asset investments.
TRX Surges 3.46% as Binance Alpha Integration and Strong Network Metrics Drive Trading Boom
TRXUSDT has experienced a 3.46% price increase over the past 24 hours, rising from 0.3009 to 0.3113 on Binance, with trading volume surging significantly. The price change is attributed to heightened market activity following the integration of the TRON network on Binance Alpha, which enabled direct trading of TRON ecosystem tokens and introduced new trading competitions and airdrop opportunities. Additionally, strong network fundamentals—such as over 2.7 million daily active addresses, more than 320 million activated accounts, and a total value locked above $24.6 billion—have contributed to positive sentiment. Technical factors, including a recent V-shape recovery and consolidation above key support at $0.3000, have also supported the upward movement, with traders closely monitoring resistance levels for potential further gains.
Currently, TRXUSDT is trading at 0.3113 with a 24-hour trading volume between $1.05 billion and $2.55 billion, a market capitalization of approximately $29.43 billion, and a circulating supply of about 94.75 billion TRX. The asset remains in a consolidation phase just below resistance, with increased trading activity and strong network metrics supporting its position among the top 10 cryptocurrencies by market capitalization.
$ETH /USDT Breakout Watch Bulls in Full Control!
$ETH has surged past $3,400 with strong bullish momentum, climbing +8.23% today. Price is eyeing further upside if $3,445 resistance breaks.
Targets:
TP1: $3,500
TP2: $3,600
TP3: $3,750
Watch closely a breakout here could ignite a powerful rally!
#ETHBreaks3k
#Ethereum
#CryptoTrading
#Altcoins
#Breakout
{spot}(ETHUSDT)
Bitcoin Dominance Remains High, Altcoins on Standby
#AltcoinSeasonLoading
The Altcoin Season Index has climbed to 39 today — but we’re still in Bitcoin Season territory.
(Index values below 50 suggest the market is still BTC-driven.)
🔵 BTC Dominance: 63.76%
This means the majority of capital in the crypto market is still concentrated in Bitcoin.
For altcoins to truly take off, we typically need to see BTC dominance fall toward the 50% range.
🧠 Why Does It Matter?
When Bitcoin dominance is high, investors tend to favor BTC as a "safer" store of value.
As dominance drops, risk appetite increases and capital flows into altcoins — often triggering the start of an Altcoin Season.
📊 Right now, we’re in a transition phase.
Eyes on dominance, ears on market signals.
Stay tuned — new season signals might be just around the corner!