WednesdayđWeb3 Highlights: GameStopâs Bold Bitcoin Move, Hamster Kombatâs Expansion, and More
1. GameStop CEO reacts to $5B Bitcoin proposal
2. Bitcoin slips to $88K as ETF outflows near $1B
3. Hamster Kombat expands with Layer-2 & HamsterVerse
4. Jupiter kicks off $3.33M JUP buyback
Stay tuned for more insights!đ
Web3 is buzzing with big moves and bold ideas! From GameStopâs eye-catching Bitcoin proposal to Hamster Kombatâs expansion into Layer-2 and the HamsterVerse, todayâs news is packed with excitement. Plus, Bitcoinâs price dip and Jupiterâs first JUP buyback add more heat to the mix. Letâs dive into the latest Web3 updates shaping the future of digital assets and decentralized worlds.
1. GameStop CEO reacts to $5B Bitcoin proposal
GameStop is weighing a bold proposal from Strive Asset Management to convert nearly $5 billion in cash reserves into Bitcoin, aiming to become the gaming sectorâs top Bitcoin treasury company. Strive, co-founded by ex-presidential candidate Vivek Ramaswamy, argues Bitcoin is a stronger hedge against inflation than cash and urges GameStop to avoid riskier digital assets. The firm also suggests closing more physical stores and focusing on e-commerce and AI services. As Bitcoinâs price hovers below $89,000, speculation grows over GameStopâs next move after CEO Ryan Cohen acknowledged receiving the proposal without offering further comment.
Sebastian Sinclair
2. Bitcoin slips to $88K as ETF outflows near $1B
US spot Bitcoin ETFs are seeing massive outflows, nearing $1 billion on Tuesday, driven by market fears over President Trumpâs tariff threats. Fidelityâs FBTC led with $344 million in redemptions, followed by BlackRock, Bitwise, and Grayscale. This sell-off pushed Bitcoinâs price below $89,000, with key support now at the $85,696 level. Analysts warn that if this support breaks, BTC could fall toward $70,000. Amid high market volatility and bearish pressure, investors remain cautious as inflation concerns and political uncertainty weigh heavily on crypto markets.
Lockridge Okoth
3. Hamster Kombat expands with Layer-2 & HamsterVerse
Hamster Network has launched its Layer-2 blockchain on The Open Network (TON), aiming to revolutionize Web3 gaming with faster transactions and lower costs. Built for scalability, it supports high transaction volumes and uses the TON Virtual Machine and compatible smart contracts, ensuring secure and decentralized records on TONâs Layer-1. Integrated with Telegramâs massive user base, Hamster Network introduces tools like a native wallet, asset bridge, and decentralized exchange, alongside the HamsterVerse ecosystem, where games use the HMSTR token for rewards. This expansion promises a more efficient and rewarding gaming experience for millions of users worldwide.
Oluwapelumi Adejumo
4. Jupiter kicks off $3.33M JUP buyback
Jupiter has officially launched its first JUP token buyback, repurchasing 4.88 million JUP worth $3.33 million as part of a strategy to reduce token supply and increase demand. This initiative, announced on Feb. 13, aims to use 50% of the platformâs protocol fees for buybacks, locking the repurchased tokens for three years to maintain buying pressure. With projected buybacks of $50 million this year, Jupiterâs plan represents about 2.7% of JUPâs $1.8 billion market cap. As Solanaâs top DEX aggregator, Jupiterâs growing revenueâdriven by increased trading activityâcontinues to strengthen its market position and boost long-term tokenholder value.
Leon Okwatch
As Web3 continues to evolve, the excitement and innovation show no signs of slowing down. From bold financial strategies to groundbreaking blockchain expansions, these stories highlight the fast-paced growth and creativity driving this space. Stay tuned for more updates as Web3 reshapes the digital future â and donât miss out on the next big move!
