Skip to main content

Author: Zoe Mende

From Meme Stock to Bitcoin Treasury: GameStop’s $512 Million Crypto Bet

GameStop purchased 4,710 Bitcoin (BTC) for approximately $512–513 million, marking its first major cryptocurrency investment. The acquisition, announced on May 28, 2025, via X, follows a $1.5 billion convertible notes offering in April. GME stock rose nearly 5% in pre-market trading, reflecting investor enthusiasm. The move positions GameStop as the 13th largest public company holding BTC, aligning with the growing trend of...

Bitcoin, Front page, GameStop, News

Continue reading

X Payments Enters Limited Beta, Sparking Crypto Speculation

X Payments Beta Launch: Elon Musk confirmed X Money, a new payment service, is now in limited beta testing, with a full launch planned for 2025. Crypto Speculation: While no cryptocurrencies, including Dogecoin, are currently included, speculation persists about potential Bitcoin integration. Financial Super App Vision: X aims to become an all-in-one financial hub, combining social media and peer-to-peer payments, backed by a...

Elon Musk, Front page, News, X.com

Continue reading

Justin Sun defends TRUMP memecoin

Justin Sun, TRON founder, likely defended the TRUMP memecoin at a presidential dinner, arguing memecoins drive community engagement and innovation, sparking debate amid ethical concerns. Research suggests investors spent around $148 million on the $TRUMP memecoin to attend, raising questions about influence-buying. The evidence leans toward controversy, with critics viewing it as bribery, while Sun dismisses such claims as...

$TRUMP, Front page, Justin Sun, Memecoins

Continue reading

Bitcoin Hits $108,000—Here’s Why It Might Be the New Normal

Bitcoin reached a new all-time high of $108,000 on May 21, 2025, sparking debates about its future trajectory. Institutional investments, with ETFs buying $400M to $500M daily, are fueling this bullish trend. Other cryptocurrencies like Ethereum and Solana are also nearing their peaks, hinting at a broader market surge. Analysts predict Bitcoin could hit $115,000 or even $120,000 soon, but skepticism about the timeline...

ATH, Bitcoin, Front page, News

Continue reading

Florida Teens’ Crypto Kidnapping and Stealing USD $4 million

Three Florida teens kidnapped a crypto investor in Las Vegas. Stealing $4 million in digital assets. The victim was ambushed at gunpoint, driven to a desert, and forced to transfer his crypto. Teens, including Belal Ashraf and Austin Fletcher, facing 22 felony charges and being tried as adults, with one suspect fleeing abroad. This case highlights a growing trend of violent crimes targeting cryptocurrency holders. On...

Crypto Hacks, Cryptocurrencies, Front page

Continue reading

© Cryptopress. All rights reserved.