Day: March 25, 2025

FDIC moves to eradicate ‘reputational risk’ category from bank exams

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The US Federal Deposit Insurance Corporation, an independent agency of the federal government, is reportedly moving to stop using the “reputational risk” category as a way to supervise banks. According to a letter sent by the agency’s acting chairman, Travis Hill, to Rep. Dan Meuser on March 24, banking regulators should not use “reputational risk” to scrutinize firms. “While a bank’s reputation is critically important, most activities that could threaten a bank’s reputation do so through traditional risk channels (e.g., credit risk, market risk, etc.) that supervisors already focus on,”…

Bitcoin price has 75% chance of hitting new highs in 2025 — Analyst

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Bitcoin network economist Timothy Peterson maintains his optimistic outlook for BTC (BTC), suggesting that there is a 75% chance that the asset will hit new highs in the next nine months. In a March 25 X post, Peterson highlighted BTC’s current position near the lower bound of its historical range. The analyst emphasized that Bitcoin’s current path aligns with the bottom 25% threshold, giving it majority odds for a positive rally. Bitcoin 10-year seasonality chart. Source: X.com Peterson said,  “Here is a 50% chance it will gain 50%+ in the…

GameStop hints at future Bitcoin purchases following board approval

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GameStop Corporation (GME), the video game retailer turned memecoin stock, is reportedly moving to invest in Bitcoin after its board unanimously approved a plan to acquire digital assets.  According to a March 25 CNBC report, the company announced that it would use a portion of its corporate cash or future debt issuances to invest in Bitcoin (BTC) and US-dollar-pegged stablecoins.  The plan was further corroborated by the company’s fourth-quarter earnings report, which was released on March 25 and showed intent to acquire Bitcoin and stablecoins.  “[T]he Company’s investment policy permits…

GameStop adds Bitcoin to treasury following earnings beat

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Key Takeaways GameStop has added Bitcoin to its treasury, leading to a 6% surge in its stock price. The company posted $131.3 million in Q4 net income, more than doubling last year’s results. Share this article GameStop has become the latest public company to add Bitcoin to its balance sheet, confirming long-rumored plans during its fourth quarter earnings release. The company’s board of directors unanimously approved the decision to adopt Bitcoin as a treasury reserve asset, according to its quarterly filing. The announcement drove GameStop shares up more than 6%…

GameStop Approves Adding Bitcoin To Treasury Reserves

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GameStop Corp. (NYSE: GME) announced that its board of directors has unanimously approved an update to the company’s investment policy, allowing Bitcoin to be held as a treasury reserve asset. The decision follows a series of engagements between GameStop Chairman and CEO Ryan Cohen and prominent figures like Michael Saylor in the Bitcoin industry. On February 8, Cohen met with Strategy Chairman and well-known Bitcoin advocate Michael Saylor, sparking speculation that GameStop may be adding BTC to its balance sheet. A couple weeks after, Cohen responded to CoinDesk via a…

Bitcoin sellers lurk in $88K to $90K zone — Is this week’s BTC rally losing steam?

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Many Bitcoin (BTC) traders became bullish this week as prices rallied deep into the $88,000 level, but failure to overcome this level in the short term could be a take-profit signal. Alphractal, a crypto analytics platform, noted that Bitcoin whales have entered short positions at the $88,000 level.  In a recent X post, the platform highlighted that the “Whale Position Sentiment” metric exhibited a sharp reversal in the chart, indicating that major players with a bearish bias have stepped. The metric defines the relationship between the aggregated open interest and trades larger…

SEC closes investigation into Immutable nearly 5 months after Wells notice

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Web3 gaming platform Immutable says the US Securities and Exchange Commission has closed its investigation into the company, clearing it of any further action.  Immutable — the firm behind the Ethereum layer-2 ImmutableX — said in a March 25 statement that the SEC shut its inquiry into the firm without finding wrongdoing and “closes the loop on the Wells notice issued by the SEC last year.” In November, Immutable said it received a Wells notice from the regulator — a letter informing that the SEC is considering an enforcement action,…

Stablecoins Are The CBDCs

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People like to refer to Bitcoin as a trojan horse that we are going to smuggle into the legacy financial system and government. Stablecoins are a trojan horse into our system that has already been successfully smuggled in.  Stablecoins are heralded as some savior of the developing world, a positive escape hatch for them from decrepit financial systems and local currency risks. Well that’s the thing about traps, they have to entice you to wander into them or they don’t function very well as traps do they?  All of the…

3 reasons why Cardano (ADA) price could be on the path to new highs

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Cardano (ADA) gained 8% between March 23 and March 25, once again testing the $0.76 resistance level, which has held for over two weeks. Although still far from its March 3 high of $1.18, traders remain optimistic about further gains. Their confidence is driven by the ongoing efforts of founder and CEO Charles Hoskinson to highlight the network’s advantages and ADA’s potential to industry leaders, particularly within traditional finance markets. The ADA price surge on March 3 was triggered by US President Donald Trump, who explicitly mentioned Ether (ETH), XRP…

Bitcoin miners’ income stabilizes post-halving: Coin Metrics

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Bitcoin (BTC) mining revenues hit $3.7 billion in the fourth quarter of 2024, a 42% increase from the prior quarter, and are approaching similar levels of around $3.6 billion in Q1 2025, according to data from Coin Metrics.  The revenue uptick suggests miners’ incomes are stabilizing after the Bitcoin network’s “halving” in April 2024 reduced mining rewards from 6.25 BTC to 3.125 BTC per block. Halvings occur every four years and cut the number of BTC mined per block in half. “With almost one year elapsed since Bitcoin’s 4th halving,…