GameStop transfers full amount of Bitcoin to a compliant platform, market关注抛售可能性

Source: TokenPost Original Title: GameStop transfers all Bitcoin worth $428 million to Coinbase, raising sell-off concerns Original Link:

GameStop transfers all Bitcoin to a compliant platform, raising sell-off concerns

American video game distribution company GameStop has transferred all of its held Bitcoin to an institutional trading account on a compliant platform, sparking market attention on its cryptocurrency strategy shift.

On-chain analysis firm CryptoQuant states that GameStop has moved approximately 4,710 Bitcoin, worth about $428 million, to an institutional trading platform on a compliant exchange. Analysts believe this move hints at a potential sell-off.

These Bitcoins were purchased in batches around May last year at an average cost of approximately $107,900. Given the current Bitcoin price of about $90,800, executing a sell-off could result in a potential loss of around $76 million.

Post-Quantum Security Team Established by Ethereum to Address Future Challenges

The Ethereum Foundation announced the formation of a dedicated “Post-Quantum(PQ) Cryptography Security Team” to tackle security threats in the era of quantum computing. The team is led by Ethereum Foundation cryptography engineer Thomas Coraze, with support from Emil, a cryptography expert from the Leam VM project.

Ethereum researcher Justin Drake stated that the foundation has been conducting small-scale R&D for years, and by 2026, post-quantum security will be officially included as a strategic core issue. “Leam VM,” a key component of the post-quantum strategy, is a minimal virtual machine architecture based on zero-knowledge proofs(ZKP), which will serve as an important infrastructure for achieving quantum resistance in the Ethereum network.

UBS Explores Cryptocurrency Trading Services for High-Net-Worth Clients

Global asset management bank UBS is researching plans to offer Bitcoin and Ethereum trading services to high-net-worth clients in Switzerland.

UBS plans to initially launch the service in Switzerland, with consideration to expand into the Asia-Pacific region and the United States. Currently, UBS is evaluating potential cryptocurrency trading partners but has not made any public announcements.

UBS has extensive blockchain experience, including a tokenized USD money market fund based on Ethereum called uMINT, and pilot projects for tokenized fund settlement in collaboration with SWIFT and Chainlink.

CertiK Continues IPO Plans, Company Valued at $2 Billion

Blockchain security firm CertiK’s co-founder and CEO Ronghui Gu stated that the company is still seriously considering an IPO(IPO).

Gu told Davos that CertiK’s current valuation is about $2 billion, and “going public is a natural step.” However, he also noted that “there is no clear timeline yet, and more investment and strategic partnerships are needed.”

Gu emphasized that if CertiK successfully goes public, it will be a significant achievement not only for the company but also a positive signal for the entire Web3 industry.

SEC Officially Withdraws Civil Lawsuits Against Gemini and Genesis

The U.S. Securities and Exchange Commission(SEC) has officially withdrawn civil lawsuits against Gemini Trust and Genesis Global Capital for unregistered securities sales.

According to a joint settlement submitted last Friday to the U.S. District Court in the Southern District of New York, the parties agreed to resolve their disputes and terminate the lawsuit. Since being stayed in April 2024 by then-acting Chair Mark Uyeda, the case has now entered formal closure after nine months, pending approval by a federal judge.

Cryptocurrency Market Trends This Week: Bitcoin Maintains $88,000 Range

This week, cryptocurrency prices closed with Bitcoin(BTC) at $88,864, Ethereum(ETH) at $2,964, and Ripple(XRP) at $1.89. The total market capitalization reached $3.23 trillion.

Among the top 100 cryptocurrencies, the biggest gainer was Kaia(KAIA), up 38.2%, followed by Canton(CC) and MYX Finance(MYX), which increased by 33% and 32.1%, respectively. Larger declines included Ethena(ENA, -20.5%), Arbitrum(ARB, -18.7%), and EtherFi(ETHFI, -18.3%).

Market Outlook This Week: Trump Says Will Sign Cryptocurrency Legislation Soon

U.S. President Donald Trump stated, “Congress is actively drafting a framework bill for the cryptocurrency market, and I hope to sign it soon.”

Circle CEO Jeremy Allaire emphasized, “Stablecoins are currently an irreplaceable choice,” reiterating their potential application in the global payment system. Additionally, a former CEO of an exchange, CZ, said he is discussing asset tokenization with over ten governments worldwide.

Bloomberg strategist Mike McGlone changed his stance, stating, “The crypto bull market has ended since 2026,” retracting previous investment strategies and advising “sell on rallies.” He cited ETF approvals, market overheating, and low volatility as warning signals.

Market Risk Alerts: Digital Asset Custodian IPOs Lead to Sharp Drop, France Hit by Hacker Attack

Digital asset custodian BitGo went public last week on the New York Stock Exchange but quickly gave back gains, with its stock price falling below the issue price. After a 25% increase on the first day, it has fallen 13.4% as of Friday.

Meanwhile, France’s crypto tax platform Waltio was hacked, exposing the data of tens of thousands of users. French authorities and national cyber units have launched investigations, with the hacker group “Shiny Hunters” reportedly demanding ransom.

This week, the cryptocurrency market presents a complex picture of intertwined risks and opportunities, including large Bitcoin sell-offs, security concerns, regulatory developments, and IPO impacts.