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Something’s happening at GameStop… again

March 26, 2025
in Altcoin
Reading Time: 6 mins read
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Plus: 1946 legal guidelines would possibly lastly get left behind

GM. Serving crypto cider as we speak: fermented headlines with a kick, NO rotten apples allowed.

🗣 The SEC’s crypto roundtables.

🍋 Information drops: BitBoy will get arrested, Hawk Tuah lady will get a documentary + extra

🍍 Market taste as we speak

Bitcoin took a fast espresso shot yesterday and briefly jumped to $88K.

One of many causes for the mini pump: BTC ETFs noticed inflows for the eighth day in a row (the longest optimistic streak of 2025 to date).

On prime of that, GameStop – the meme inventory that after broke Wall Avenue – is outwardly gonna purchase Bitcoin for its treasury.

Which wasn’t that surprising, tbh. GameStop CEO Ryan Cohen posted a pic with the BTC maxi Michael Saylor a month in the past:

The issue: we preserve getting optimistic information like this… and but Bitcoin remains to be down about 20% from its January all-time excessive. Make it make sense?? 🤨

Nicely, factor is, everybody’s nonetheless on edge about Trump’s tariffs, that are alleged to drop subsequent Wednesday, April 2.

(He pushed them again a day so folks do not assume it is an April Fools joke lol.)

Nobody is aware of precisely who or what they’ll goal, and markets hate this kinda confusion.

This shaky temper confirmed up within the newest Shopper Confidence report (aka the financial vibe verify) – it dropped to a 12-year low.

So yeah, vibes = not nice = customers are prone to spend much less and keep away from monetary dangers.

However there’s a flip aspect: if the economic system begins wanting too fragile, the Fed would possibly ease up on rates of interest to keep away from making issues even worse.

And decrease charges = bullish for crypto, since low cost borrowing and a weaker greenback typically drive traders towards higher-risk belongings.

Now we gotta watch Friday’s PCE inflation information – the Fed’s fave inflation metric. If it reveals that costs are cooling off, markets might get excited. If not… again to doomscrolling, I suppose.

Anyhow, I hate to say it once more, however yup… we’re in wait-and-see mode. Nonetheless.

Divider

🥝 Memecoin harvest

If being profitable off a rat coin is improper, I don’t wanna be proper… ❤️

Information as of 05:20 AM EST.

Take a look at these memecoins and many extra right here.

Divider

The SEC is continuous its glow-up – from crypto’s #1 hater to a useful pal 😄👍

On Friday, they kicked off their sequence of crypto-focused roundtables known as “Spring Dash Towards Crypto Readability”.

And the large query was: how tf can we classify digital belongings?

(As a result of proper now, the principles are just about based mostly on vibes.)

Right here’s what got here out of it:

1/ The Howey take a look at is… not it

The Howey Check is a authorized instrument used to determine whether or not one thing is a “safety”. And plenty of agreed it does not actually work nicely for crypto.

I imply, who would’ve thunk? 😯 A take a look at from 1946, made for orange farms, shouldn’t be supreme for crypto? Craazy…

Some advised utilizing a “management take a look at” as a substitute – mainly, if no single entity controls a crypto challenge, possibly it shouldn’t depend as a safety. However that could be simply as messy, because you’d nonetheless must evaluate every challenge one after the other.

2/ Who’s the boss right here?

There was additionally debate about which company ought to regulate crypto.

3/ The business needs readability

Some folks famous that crypto firms aren’t mad at guidelines – they simply wanna know what they’re.

One concept that got here up was a short lived framework – kinda like giving crypto firms a learner’s allow whereas the SEC figures out a long-term plan.

Additionally, somebody reminded everybody that the SEC has the ability to regulate definitions. So technically, they may simply say, “Hey, these things isn’t a safety,” in the event that they actually wished to.

4/ Courtroom instances nonetheless matter

Even because the SEC tries to determine issues out, the courts form how crypto is handled legally.

Panelists made it clear: lawsuits are nonetheless a significant a part of the image and possibly will likely be for some time.

So even when new guidelines are available in, the specter of getting sued remains to be very actual for crypto firms.

And that was simply the warm-up. There are 4 extra roundtables developing:

April 11 – Between a Block and a Exhausting Place: Tailoring Regulation for Crypto Buying and selling

April 25 – Know Your Custodian: Key Concerns for Crypto Custody

Might 12 – Tokenization – Transferring Belongings Onchain: The place TradFi and DeFi Meet

June 6 – DeFi and the American Spirit

So yeah – for the primary time in endlessly, it feels just like the SEC is definitely having a dialog with market individuals.

Progress could be sluggish, and the highway forward’s nonetheless a bit bumpy, however hey… a minimum of we’re not caught in 1946 anymore.

Now you are within the know. However take into consideration your pals – they most likely do not know. I’m wondering who might repair that… 😃🫵

Unfold the phrase and be the hero you recognize you’re!

Divider

🗞 Remaining Ripple case replace (hopefully)

So, keep in mind final week once we stated the SEC dropped their attraction towards Ripple? (Missed that Squeeze? Go catch up right here.)

Nicely, on the time, Ripple nonetheless had a giant choice to make: whether or not to maintain pushing ahead with its cross-appeal.

And now, Ripple CLO Stuart Alderoty posted what he known as his remaining replace on the entire SEC v Ripple drama.

It is official: Ripple’s dropping their cross-appeal.

Squidward and SpongeBob shaking hands

So, what is the remaining deal?

The SEC retains $50M out of the unique $125M fantastic, and the remaining $75M will return to Ripple;

The SEC will ask the court docket to take away the usual injunction they beforehand pushed for – this implies Ripple will not be legally restricted from promoting XRP to institutional traders.

All this nonetheless must undergo the standard endgame routine: a vote by the Fee, some authorized paperwork, and the court docket signing off.

However yeah – that’s the final chapter. The combat is over… for actual this time.

divider

🍋 Information drops

🚔 Crypto influencer Ben Armstrong (aka BitBoy) acquired arrested in Florida yesterday. He says it’s due to emails he despatched to a choose whereas representing himself in court docket.

🎶 AI startup Infinite Actuality purchased Napster – the old-school music pirate turned streamer – for $207M. Subsequent up? A music metaverse, apparently.

🤖 ​​ChatGPT can now make photos proper in the identical chat the place you could have conversations. It is alleged to get your prompts higher, deal with textual content in pics, and take hints from photos you add.

🤠 Hawk Tuah lady: first a meme, then a podcaster, then a scammer… and now? She’s getting her personal documentary.

🔎 One other day, one other SEC case closed. Web3 gaming firm Immutable says the SEC closed its investigation into ‘em – no fines, no additional drama.

Divider

🍌 Juicy memes



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Tags: GameStopHappeningSomethings
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