Senin, 26 Januari 2026

GameStop ‘likely to sell’ Bitcoin holdings


Plus, BitGo's IPO pop turns volatile as shares slip below offer price.	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

Your weekly roundup of the 🔥hottest news in crypto:

GameStop 'likely to sell' Bitcoin Holdings, Ethereum Prepares for Quantum & Other News

Jan. 18 - 24

#1

GameStop moves entire Bitcoin stash, signaling potential sale: CryptoQuant

GameStop has transferred its entire Bitcoin holdings to Coinbase's institutional trading platform, sparking speculation that the video game retailer may be reconsidering its Bitcoin treasury strategy.

"GameStop throws in the towel?" blockchain intelligence platform CryptoQuant asked in a post to X on Friday after noticing that GameStop moved its entire 4,710 Bitcoin stash worth more than $422 million to Coinbase Prime.

CryptoQuant said the transfer was "likely to sell" the holdings, noting that a sale with Bitcoin at $90,800 would mean GameStop realizing around $76 million in losses from its Bitcoin bet.

GameStop accumulated 4,710 Bitcoin across several investments in May at an average purchasing price of $107,900.

Get the full story

#2

Ethereum prepares for quantum era with new security team and funding

The Ethereum Foundation has made post-quantum security a central focus of the network's long-term roadmap, announcing the formation of a dedicated Post Quantum (PQ) team.

The new team will be led by Thomas Coratger, a cryptographic engineer at the Ethereum Foundation, with support from Emile, a cryptographer closely associated with leanVM, according to crypto researcher Justin Drake.

"After years of quiet R&D, EF management has officially declared PQ security a top strategic priority," Drake said in a Saturday post on X. "It's now 2026, timelines are accelerating. Time to go full PQ."

The researcher described leanVM, a specialized, minimalist zero-knowledge proof virtual machine, as a core building block of Ethereum post-quantum strategy.

#3

SEC dismisses civil action against Gemini with prejudice

The US Securities and Exchange Commission's civil lawsuit against Gemini Trust Company and Genesis Global Capital in the Earn-related unregistered securities case has been dismissed with prejudice.

Court filings show the parties submitted a joint stipulation to dismiss the action on Friday in the US District Court in the Southern District of New York, effectively ending the SEC's claim over Gemini's crypto lending program with Genesis.

A federal judge still needs to sign off on the joint stipulation to dismiss.

The dismissal comes about nine months after the SEC paused the civil action in April 2024 when then-acting chairman Mark Uyeda was leading the agency.

Not Dead Yet | S1E3 — Professor Daniel J. Solove

As privacy dwindles and surveillance capitalism thrives, we find ourselves face-to-face with a threat poised to dwarf all else.

In episode 3 of Not Dead Yet, @rkbaggs speaks with @DanielSolove, one of the world's most renowned thinkers on privacy, as well as one of the most cited legal scholars in history.

Watch Now

FUD of the week

'Bitcoin trade is over,' Bloomberg strategist says in 2026 macro outlook

Bloomberg Intelligence strategist Mike McGlone said he has reversed his long-term outlook on Bitcoin and the broader crypto market, arguing that investors should "sell the rallies" across risk assets in 2026.

In McGlone's view, the conditions that once made Bitcoin compelling have changed fundamentally. What began as a scarce, disruptive asset has become part of a crowded and highly speculative ecosystem, increasingly correlated with equities and vulnerable to the same macro forces that drive traditional markets.

He draws parallels with past market peaks, pointing to excessive speculation, the approval of exchange-traded funds and historically low volatility as warning signs. Bitcoin, he argues, has gone from being a hedge against the system to being firmly inside it, and that changes everything.

FUD of the week

BitGo's IPO pop turns volatile as shares slip below offer price

Shares of digital asset custodian BitGo Holdings have swung sharply since the company's public debut on the New York Stock Exchange on Thursday, with early gains quickly reversing as initial IPO enthusiasm cooled and investors moved to lock in profits.

BitGo priced its initial public offering at $18 a share and it jumped about 25% in its first day of trading, reflecting strong early demand. While the stock closed only modestly higher in its first full session, the rally proved short-lived.

Shares have since fallen below their IPO price, declining as much as 13.4% on Friday, according to Yahoo Finance data.