hodler

4 May 2026, 22:52

Why is GameStop's stock crashing again, and what's the fate of its crypto holdings?

GameStop Corp. (NYSE: GME) is falling again because its new plan is not small nor easy to finance. The retailer wants to buy eBay Inc. (NASDAQ: EBAY) in a cash-and-stock deal worth about $56 billion, while GameStop itself is worth less than $12 billion. That is why traders are not treating this like a clean takeover story. They are treating it like a funding problem with a stock chart attached. The offer prices eBay at $125 per share. That is above its last close before the bid, and it is far above where eBay traded when GameStop began buying shares on Feb. 4. But the market still pushed GameStop down 10%. eBay rose about 5% to near $109, which is still well under the bid price. That gap says investors are not convinced this deal will survive. Michael Burry dumps GameStop after Ryan Cohen makes giant eBay bid without deal in place Michael Burry, the investor known from The Big Short, sold his full GameStop position after the bid became public. Michael had backed the company around 2019, when the early bull case helped feed the stock’s famous rally. This time, he did not stay around for the next chapter. Michael told subscribers of his Substack newsletter on Monday: “I sold my entire GME position. Any which way I sliced it, the Instant Berkshire thesis was never compatible.” He also said GameStop was the first stock he had sold since starting the newsletter. His issue was debt. A deal this large could force GameStop to borrow heavily, issue stock, or build a financing package that changes the whole story for shareholders. GameStop announced the bid on Sunday. The proposal is unsolicited and nonbinding, so eBay has not agreed to anything. The offer is split between cash and GameStop common stock. It gives eBay investors a 20% premium to Friday’s $104.07 close and a 46% premium to the Feb. 4 close. Ryan Cohen, GameStop’s CEO, told CNBC on Monday that he had not started talks with eBay management. He said: “We are just starting. For obvious reasons, eBay is a public company, there’s all kinds of perverse financial incentives from the board to the management team. So there’s only one way to approach something like this.” eBay confirmed it received the offer and said its board would review it. TD Bank Group (NYSE: TD) has given GameStop a $20 billion financing letter, but that still leaves a large gap beside the full deal value. GameStop puts its Bitcoin stash near eBay’s huge buyer network The crypto angle is where this gets even stranger. GameStop has not said it will plug Bitcoin into eBay payments. Still, the question is now sitting there in plain sight: what happens if a company holding BTC buys a marketplace with 135 million active buyers? GameStop approved Bitcoin as a treasury reserve asset and bought 4,710 BTC for $513 million in May 2025. It then used that stash as collateral with Coinbase Global Inc. (NASDAQ: COIN) for an options strategy meant to earn yield while keeping exposure to BTC. Right now, Bitcoin is mostly a balance-sheet asset for GameStop. ETFs helped bring institutions in, but daily spending still faces fees, taxes, and awkward user habits. eBay brings reach across 190 markets and nearly $80 billion in 2025 gross merchandise volume. Before any crypto payment dream matters, GameStop has to show how it pays for eBay. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank

4 May 2026, 22:30

Long-Dormant Bitcoin Whale Transfers 11,300 BTC, Sparking Market Speculation

The Bitcoin weekly chart is sitting at a crossroads. The price is pushing against a resistance zone between $78,000 and $80,000 — a level that analysts say could determine whether the market shifts direction or slides further down. Related Reading: XRP Bulls Eye Breakout As Ripple Unveils 13,000 Bank Connections Worldwide Old Wallets Break Their Silence Two Bitcoin wallets, each dormant for more than 14 years, moved large amounts of BTC on May 3, according to data shared by on-chain analytics firm Alphractal. One wallet sold 11,300 BTC, valued at roughly $750 million. The other went the opposite direction, buying about 7,000 BTC for close to $470 million. The moves drew attention precisely because of how rare they are. Wallets that old — often called Satoshi-era holdings — almost never see activity. The split between selling and buying complicates any single reading of what these early holders are signaling. Some are cashing out after years of sitting on gains. Others appear to see value at current prices and are adding to their positions. Neither move, on its own, tells the full story. 𝗢𝗻𝗲 𝗦𝗮𝘁𝗼𝘀𝗵𝗶-𝗲𝗿𝗮 𝘄𝗵𝗮𝗹𝗲 𝗱𝘂𝗺𝗽𝗲𝗱 𝟭𝟭,𝟯𝟬𝟬 𝗕𝗧𝗖. 𝗔𝗻𝗼𝘁𝗵𝗲𝗿 𝗯𝗼𝘂𝗴𝗵𝘁 𝟳,𝟬𝟬𝟬. Two 14+ year dormant wallets activated within weeks of each other. One sold $750M. One accumulated $470M. OG HODLer Lifespan flows are split. CDD variants show no… pic.twitter.com/Wr8q0rcYVH — Alphractal (@Alphractal) May 3, 2026 Data shows no signs of panic behind the transactions. Metrics tracking coin lifespan and Coin Days Destroyed — a measure used to gauge how long coins were held before moving — suggest the activity reflects capital movement rather than a rush to exit the market. Price Tests A Key Level Bitcoin was trading near $78,845 as of the time of the report. That puts it right up against a cluster of resistance markers: a descending trend line that previously acted as support, and several key moving averages that flipped bearish during last year’s downturn. Analysts said Bitcoin recently broke above a multi-month trend line that had been holding prices back. The asset is now retesting that level from above. A sustained close above the $78,000–$80,000 range could mark a broader shift in trend. Related Reading: Bitcoin’s Path To $100K May Happen Before Anyone Understands Why: Analyst Context Behind The Current Range Bitcoin spent much of early 2026 finding its footing between $65,000 and $70,000 after a prolonged decline from its late-2025 peak. The rally that followed brought it back into the resistance zone it now faces. The broader picture shows a market that went from record highs to a series of lower peaks and troughs — a pattern that flipped bearish sentiment for months. The current move could still prove to be either a genuine recovery or just a temporary bounce as the weekly candle approaches its close. Featured image from MetaAI, chart from TradingView

4 May 2026, 22:00

Binance Tokenized Gold Reserves Grew 344% In 15 Months – Crypto Investors Are Quietly Moving Into Gold

The crypto market has been struggling for months — declining prices, persistent uncertainty, and a macro environment that has made risk assets difficult to hold. In that context, the behavior of participants on the world’s largest exchange has quietly told a story that the price charts have not: when the going gets uncertain, even crypto investors reach for gold. A CryptoQuant analysis tracking Binance’s tokenized gold reserves has just quantified exactly how significant that shift has been. In early 2025, Binance held approximately 25,301 units of PAXG — the tokenized gold product that gives crypto participants direct exposure to physical gold prices. By early April 2026, that figure had skyrocketed to a peak of 133,334 units. It currently sits at approximately 112,385 in early May. From start to peak, that is a 344% increase in the amount of gold held on a crypto exchange. The timing of that accumulation is inseparable from what was happening in crypto markets during the same period. As prices declined and uncertainty intensified, a significant cohort of Binance participants was not rotating into stablecoins or exiting to cash. They were moving into gold — the oldest safe-haven asset in financial history — through the infrastructure of the ecosystem they already occupied. That behavioral signal is worth understanding. It says something specific about where market participants believe safety lives when crypto stops feeling safe. 344% More Gold on a Crypto Exchange. Wall Street Targets $6,300. The Trade Is the Same The accumulation did not happen in isolation. While Binance’s PAXG reserves were growing 344%, physical gold was completing one of its most significant rallies in recent history — climbing from approximately $2,700 in early 2025 to its January 2026 all-time high of $5,589 before correcting to the current $4,650 level. Crypto participants who moved into tokenized gold during that period were not late to the trade. They were in it. The institutional perspective on gold’s current correction is uniformly constructive. JPMorgan has set a year-end 2026 target of $6,300. Goldman Sachs projects $5,400. Both institutions characterize the pullback from the all-time high as a strategic entry point rather than a trend reversal. The forces that drove the initial rally — central bank accumulation and geopolitical hedging demand — remain structurally intact and are not considered resolved by a 17% correction from the peak. What the CryptoQuant analysis identifies in the correlation between PAXG reserve growth and these institutional forecasts is not coincidence. Crypto participants who built their tokenized gold positions throughout 2025 and into 2026 were making the same macro judgment that JPMorgan and Goldman Sachs are now formalizing in price targets. The methodology was different. The conclusion was the same. The convergence of crypto behavior and Wall Street forecasts around the same asset at the same macro moment is the signal the analysis is pointing toward. When different categories of participants with different frameworks arrive at the same trade, the structural case for that trade tends to be stronger than any single participant’s analysis would suggest alone. Bitcoin-Gold Ratio Attempts Recovery Within Broader Downtrend The Bitcoin-to-gold ratio is trading near 17.3 after rebounding from a sharp drawdown earlier this year, but the broader structure remains under pressure. The chart shows a clear rejection from the 2025 highs above 35, followed by a sustained decline that reflects Bitcoin underperforming gold in relative terms. The recent bounce from the 12–13 zone is technically meaningful. That area has acted as a historical support range, and the reaction suggests demand emerges when Bitcoin becomes relatively cheap versus gold. However, the recovery has so far been corrective rather than impulsive. Price remains below all major moving averages, with the 50-week, 100-week, and 200-week trending downward or flattening. This alignment confirms that the dominant trend is still bearish, and rallies are likely to face resistance as the ratio approaches these levels. The 17–18 zone now acts as a pivot. A sustained move above it would signal strengthening relative performance and open the path toward the 22–24 region, where prior support turned resistance sits. Failure to hold current levels would suggest the bounce is losing momentum, with a potential retest of the 13 zone. Structurally, the ratio reflects a market still favoring gold over Bitcoin, with the current move testing whether that dynamic is beginning to shift or simply pausing. Featured image from ChatGPT, chart from TradingView.com

4 May 2026, 21:07

Tether Gold grows 36 percent to $3.3 billion in Q1

🚀 Tether Gold (XAUt) market cap jumped 36 percent to $3.3 billion in Q1. XAUt leads the tokenized gold market with over half the total share. 💡 Key point: Investors are turning to $XAUt as a safe haven during global turmoil. Continue Reading: Tether Gold grows 36 percent to $3.3 billion in Q1 The post Tether Gold grows 36 percent to $3.3 billion in Q1 appeared first on COINTURK NEWS .

4 May 2026, 20:15

China, Indonesia have launched a QR payment system that skips the US dollar

China and Indonesia have created a shared QR code payment system, allowing shoppers in both countries to pay with their own money, eliminating the need for a dollar. The initiative is part of a bigger Chinese effort to integrate Southeast Asian economies and undercut the US dollar’s influence in global trade. According to the new arrangement , Chinese citizens can use apps like Alipay to point their phones at a QR code in Indonesia and pay in yuan. Indonesians can do the same by using their country’s QRIS platform and paying in rupiah. Neither side is required to convert to dollars initially. A growing regional network Indonesia’s central bank announced the launch on Thursday, adding to the increasing number of Southeast Asian countries that have tapped into China’s booming digital payments network. Thailand implemented a similar scheme for Chinese tourists in late October, allowing them to pay local shops in yuan using their home applications. Vietnam introduced UnionPay in December and added Alipay last month. Malaysia and Singapore already have similar setups in place. Alicia Garcia-Herrero, chief economist for Asia-Pacific at French investment bank Natixis, described the Indonesia link-up as a practical move that lowers transaction costs and takes some of the currency risk off the table for both sides. “For Beijing, the primary drivers appear to be advancing dedollarisation efforts, promoting the international use of the yuan and strengthening economic integration with key Asean partners amid broader geopolitical pushes for financial autonomy,” she said. The push for financial independence comes as the Indonesian rupiah is under strain. The dollar-to-rupiah exchange rate recently was at Rp17,416.70, up 0.51% for the day. Analysts tracking the pair say it has been holding above its 20-day, 50-day, and 200-day moving averages, with some traders expecting a break over the Rp17,500 resistance mark. The data supporting the local-currency commerce trend are impressive. In the first two months of 2026, ASEAN countries settled $8.45 billion in cross-border trade in their own currencies, up 163% from the same time in 2025. The majority of such activities occurred in Singapore, Thailand, Indonesia, Malaysia, Vietnam, and the Philippines. The region is also constructing a shared infrastructure known as the Regional Payment Connectivity system, which will process 12.9 million transactions in the first half of 2025. Tariff cuts add weight to the push China has integrated digital payment expansion with trade policy reforms. Customs offices across the country have been grappling with a surge of imports under a broader zero-tariff program. Officials believe that final prices for certain commodities covered under the initiative will fall by 15% to 20%, decreasing costs for businesses that buy from China. These developments are consistent with the image painted by Goldman Sachs in a study released on January 5. Chief China economist Hui Shan noted that Chinese exporters have done well in finding buyers outside the United States, and that trend, along with a diminishing drag from the real estate industry, supports a stronger-than-expected growth outlook. Goldman Sachs forecasted Chinese economic growth above consensus, as well as monetary easing, fiscal spending, and exports. According to Garcia-Herrero, Beijing plans to add additional ASEAN nations and other partners to its digital payment network this year, as it continues to extend its financial footprint in the region. All of this is set against the backdrop of a global commercial environment that has seen several countries advocate for tariffs and limited market access. Meanwhile, China has positioned itself as a stable hub with solid supply chains and an open trade policy, emphasizing the contrast as other big economies become more protective of their own markets. It remains to be seen if these payment ties and trade deals will permanently transform the dollar’s role in Asian commerce, but the rate at which they are being implemented implies Beijing has no intention of slowing down. This expansion suggests that the integration of local currency systems is becoming a standard feature of trade across the region. The smartest crypto minds already read our newsletter. Want in? Join them .

4 May 2026, 20:06

DTCC Tokenized Securities Roadmap: Pilot In July, Scale Up In October—With Big Names Like Ripple

The Depository Trust & Clearing Corporation (DTCC) said Monday it has reached new progress and clarified timelines for delivering its tokenization service—an initiative aimed at bringing tokenized real-world securities into the same infrastructure used by the US capital markets today. Two-Phase Rollout For Tokenized RWAs DTCC said the service will move in two phases. It plans to facilitate initial, limited “production” trades of real-world assets (RWAs) that have been tokenized using the tokenization service in July 2026. After that trial period, DTCC expects to launch the service more fully in October of this year. DTCC’s tokenization service, as described in its release, is designed for tokenizing real-world, DTC-custodied assets while preserving the core rights that investors expect from securities held in traditional form. Related Reading: This Signal Has Predicted Every Bitcoin Bottom, Here’s What It’s Saying Now The company said tokenized assets supported through the Depository Trust Company (DTC) would provide the “same entitlements, investor protections and ownership rights” as conventional custody arrangements. DTCC further emphasized that the service is built on DTC’s existing resilience and accountability, noting that DTC already custodies assets worth more than $114 trillion. In remarks accompanying the announcement, Brian Steele, DTCC Managing Director and President for Clearing & Securities Services, said the goal is to provide “systemic scale where deep liquidity already lives.” Steele also framed the effort as a way to develop the service “in lockstep” with both current industry needs and expected future requirements—while the market collectively builds what DTCC calls “a digital ecosystem.” How The DTCC Plans To Bridge TradFi And DeFi DTCC’s digital assets leadership also tied the initiative to broader infrastructure goals. Nadine Chakar, DTCC Managing Director and Global Head of Digital Assets, said tokenization is a “critical step” toward building digital infrastructure for the future. She added that DTCC aims to stay at the forefront of innovation by supporting a scalable, interoperable, and risk-managed Web3 environment, one that uses digital ledger technology to deliver real value to the broader industry. DTCC said the firms involved in the Industry Working Group represent a wide cross-section of roles, including custodians, asset managers, brokers, trading venues, application providers, and back-office service providers. The participating firms include Anchorage Digital, Bank of America, BitGo Bank, BlackRock, and Ripple Prime, as well as over 50 other firms from the traditional finance (TradFi) sector and the crypto industry. Related Reading: XRP Setup Nobody’s Watching Points To Fast Move Higher, Crypto Analyst Says DTCC President and CEO Frank La Salla described the project as a step toward bridging TradFi and decentralized finance (DeFi) through structured, ongoing dialogue. La Salla said DTCC continues to convene a broad group of industry leaders to support digital assets adoption and innovation, and that the organization sees its tokenization vision as coming to fruition through both launching the service and “successfully bridging TradFi and DeFi.” Featured image from OpenArt, chart from TradingView.com