Scan to download
BTC $78,676.60 +0.39%
ETH $2,330.21 +0.93%
BNB $619.20 +0.14%
XRP $1.39 +0.18%
SOL $84.13 +0.05%
TRX $0.3385 +1.90%
DOGE $0.1084 -0.01%
ADA $0.2505 +0.27%
BCH $444.99 -0.24%
LINK $9.14 +0.10%
HYPE $41.08 -1.10%
AAVE $92.74 +0.14%
SUI $0.9227 +0.00%
XLM $0.1586 -0.83%
ZEC $400.04 +5.62%
BTC $78,676.60 +0.39%
ETH $2,330.21 +0.93%
BNB $619.20 +0.14%
XRP $1.39 +0.18%
SOL $84.13 +0.05%
TRX $0.3385 +1.90%
DOGE $0.1084 -0.01%
ADA $0.2505 +0.27%
BCH $444.99 -0.24%
LINK $9.14 +0.10%
HYPE $41.08 -1.10%
AAVE $92.74 +0.14%
SUI $0.9227 +0.00%
XLM $0.1586 -0.83%
ZEC $400.04 +5.62%

op

GameStop plans to make a takeover bid for eBay

According to informed sources, GameStop CEO Ryan Cohen is planning to make a takeover bid for the e-commerce platform eBay, which has a market value of about $45 billion, with the aim of transforming it into a retail giant worth over $100 billion, while GameStop itself currently has a market value of only about $11 billion.After the news broke, eBay's stock price surged over 10% in after-hours trading, while GameStop rose about 5%. Sources also revealed that GameStop has quietly increased its stake in eBay and may submit a bid as early as later this month. If the eBay board rejects the offer, Cohen may launch a tender offer directly to eBay shareholders.Cohen made it clear earlier this year that he is looking for significant acquisition targets in the consumer and retail sectors, attempting to expand the company's business beyond video games and collectibles. He recently adjusted the compensation plan, which could allow him to earn up to $35 billion in stock returns if the company's market value reaches $100 billion and other conditions are met.As of the end of March, GameStop held about $9 billion in cash, a significant increase from $4.8 billion in the same period last year, providing ammunition for this "snake swallowing elephant" acquisition. eBay's stock price has risen over 50% in the past 12 months, and in February of this year, it acquired the second-hand fashion platform Depop for $1.2 billion, indicating that its core strategy focusing on collectibles and fashion is beginning to show results.GameStop investor Michael Burry, the real-life inspiration for the movie "The Big Short," has also publicly called for the company to use its cash reserves for transformative acquisitions. Since joining the board in 2021 and becoming chairman, Cohen has garnered a large following of enthusiastic supporters due to his commitment to turning the company around, and he is expected to leverage the massive online fanbase to generate momentum for this deal.

Paradigm partners release PACTs proposal, allowing holders from the Satoshi era to prove control without moving BTC

Concerns about quantum computing in Bitcoin always revolve around a "Satoshi-related problem." If a sufficiently powerful quantum computer emerges, millions of Bitcoins stored in old wallets with exposed public keys may face the risk of being stolen, including approximately 1.1 million Bitcoins that are allegedly owned by the anonymous creator Satoshi, currently valued at about $84 billion.Senior developer Jameson Lopp and five other developers formally proposed this plan through BIP-361 in mid-April, which aims to gradually phase out addresses vulnerable to quantum attacks over a five-year timeline and freeze any coins that fail to complete the migration. However, this proposal creates another issue: Satoshi and all other long-dormant holders would have to publicly "reveal themselves," or risk losing access to their assets.Dan Robinson, a general partner at Paradigm, released a proposal on Friday that suggests a way to circumvent this trade-off, with the core concept being "Provable Address Control Time Stamps" (PACTs). The main idea of PACTs is not to move coins, but to timestamp ownership proofs on specific dates, without disclosing any information externally until the wallet owner truly needs to spend.If Bitcoin later implements a soft fork to freeze coins vulnerable to quantum attacks, the protocol could include a rescue path that accepts STARK proofs (a type of zero-knowledge proof that remains secure against quantum computers), proving that the holder created their commitment before the existence of quantum hardware. When the holder wishes to spend, they submit this proof, and the network releases the corresponding coins. This redemption process will not reveal any information about the address, amount, or even the original timestamp creation time.

a16z supports the U.S. CFTC and opposes a series of crackdowns by various states on prediction markets

The venture capital firm a16z supports the U.S. Commodity Futures Trading Commission (CFTC) and opposes a series of crackdowns by various states on prediction markets. On Friday, a16z submitted an 18-page comment letter to the CFTC, stating that the actions taken by state regulators against prediction market platforms—including cease-and-desist orders and proposed bans—are creating "serious barriers to fair access" for users.In just the past month, the CFTC has filed a series of lawsuits against Illinois, Arizona, Connecticut, New York, and Wisconsin, claiming that these states are attempting to regulate markets overseen by the federal government, which exceeds their jurisdiction. a16z argues that requiring trading platforms to block U.S. users based on their state of residence conflicts with the CFTC's rules on fair market access. The company wrote, "Being forced to deny fair access to users from states seeking to license or ban certain event contracts could severely compress available liquidity."CFTC Chairman Mike Selig asserts that the event contracts of prediction markets fall under swap contracts, placing them within the CFTC's "exclusive jurisdiction." State regulators and state attorneys general counter that platforms like Kalshi and Polymarket offer unlicensed gambling products. a16z also discussed the utility provided by what it calls prediction markets, stating that their pricing mechanism is a "unique form of price discovery" that helps "reveal the probabilities of uncertain events." The company further argues that blockchain-based prediction markets are more transparent than traditional platforms, claiming that "the auditability of on-chain transactions" makes it easier for participants and regulators to oversee.In April, the prediction markets Polymarket and Kalshi surpassed a cumulative trading volume of $15 billion.

Bitcoin rebounds but the options market remains cautious, with only a 25% chance of breaking through $84,000

Bitcoin has returned above $78,000, and overall market risk appetite has rebounded, with the S&P 500 index rising to a record high on Friday. Although Bitcoin has risen 15% in the past 30 days, the options market is pricing in only a 25% chance of Bitcoin rising above $84,000 by the end of May. The derivatives market remains skeptical about further increases, but institutional spot demand remains robust.The price of Bitcoin call options (buy) expiring on May 29 with a strike price of $84,000 is 0.0136 BTC, approximately $1,063. With 27 days until expiration, this data implies a 25% probability of Bitcoin rising 8% in May. Bitcoin put options (sell) have been trading at a premium for the past month, indicating an increased demand for downside price protection. The lack of demand for bullish leveraged positions can be partly explained by Bitcoin's 12% decline so far in 2026. Despite derivatives traders' lack of confidence in Bitcoin reaching $84,000, the U.S.-listed spot Bitcoin ETF has sent different signals, with a cumulative net inflow of $1.3 billion in March and another $2 billion in April, pushing total net assets above $10 billion. This metric is often used as a proxy for institutional investor demand.Additionally, in the past 30 days, several publicly listed companies have significantly increased their Bitcoin reserves, including 56,235 BTC from Strategy and 5,075 BTC from Metaplanet. These companies' increases have surpassed the equivalent of Bitcoin mining output for the next five months, significantly reducing potential selling pressure. The insufficient demand for bullish derivatives exposure does not negate the probability of BTC prices rising to $84,000 or higher by the end of May. As long as institutional buying remains strong, bullish momentum should continue.
app_icon
ChainCatcher Building the Web3 world with innovations.