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Share link:In this post: GameStop raised an extra $450 million, bringing its total to $2.7 billion through convertible notes. The company is using the funds to buy Bitcoin and support general operations. GameStop’s revenue fell 17% in Q1 as it shifted focus to crypto and trading cards.
Share link:In this post: Anthony Pompliano announced today that ProCap BTC, LLC, has purchased another 1208 Bitcoins, accumulating a total of 4932 Bitcoins. The time-weighted average price (TWAP) for the Day 2 purchase was $105,977 per Bitcoin. The company aims to accumulate $1 billion worth of Bitcoin in partnership with Columbus Circle Capital Corp. I (CCCM).
Share link:In this post: Silo Finance confirms $545K loss from a smart contract exploit tied to a test leverage feature, with core contracts unaffected. SILO token drops over 11% as investors react; RSI falls below 36, indicating oversold conditions amid heightened trading activity. On the same day, Cork Protocol’s May attacker moves $11M in ETH through Tornado Cash and donates 10 ETH to Tornado Cash’s legal fund.
Share link:In this post: The EU plans to let stablecoins from outside the bloc be treated the same as those made inside, aiming to close a legal gap. The ECB warns this could risk bank stability if too many people rush to cash out, especially during market stress. EU and the ECB are divided, with the commission downplaying the risks and the ECB calling for stronger international safeguards.
Share link:In this post: China’s largest EV maker, BYD, trims factory shifts amid slow sales. Inventory reportedly piles up despite steep discounts. Dealers are calling for balanced production targets in the EV market.
Share link:In this post: Trump is pushing the Senate to pass his tax bill this week to make his first-term tax cuts permanent. The US current account deficit hit $450.2 billion in Q1 2025, the highest since 2006. The White House claims the bill will reduce debt by up to $11.2 trillion by 2034.
- 18:02Trader qwatio partially liquidated on BTC and ETH short positions, with an unrealized loss of $8.32 millionForesight News reports, according to Ember monitoring, @qwatio’s Bitcoin and Ethereum short positions have been partially liquidated, with current unrealized losses of $8.32 million. The current positions are: 1,131 BTC short with 40x leverage, valued at $122 million, entry price $104,724, liquidation price $108,311; 28,000 ETH short with 25x leverage, valued at $68.3 million, entry price $2,425, liquidation price $2,459.
- 18:02zkLend ceases project operations, remaining funds to be used for user compensationForesight News reports that zkLend has announced on the X platform that the team will gradually wind down the project’s operations. The team stated that a recent security vulnerability has severely impacted user confidence, and the delisting of the ZEND token from major exchanges has further restricted liquidity and usability. As a result, the team has decided to allocate the remaining $200,000 to a compensation fund for affected users and will continue to track the stolen funds. Additionally, zkLend will open source its audited code for those interested in further development.
- 18:01A Trader Faces Three Liquidations in Two Days, Suffering Total Losses Exceeding $8.2 MillionForesight News reports that, according to Lookonchain monitoring, trader 0x916E has once again experienced partial liquidation. In just two days, this address has faced three liquidations, with total losses exceeding $8.2 million. The new liquidation prices are: BTC: $108,473.8, ETH: $2,457.2.