General Keys: Gamestop wants Bitcoin, Miners Face Denrinking and Robinhood gets out of time

Public keys are a weekly tour of Decipher Who follows the coding companies publicly circulated. This week: Gamestop makes a large spray with Bitcoin advertisement, then floundering with debt display; BTC miners in a world of harm with drawing drawings; And Robinhood gets a New Jersey slap on the wrist for the first time in the prediction market.

Mamestop Presses plays on Bitcoin

There was a lot of excitement for the Gamestop Q4 profit report because it was Hint-And and certain– The company would have started buying Bitcoin.

(there Rapid list One of the publicly traded companies that buy Bitcoin.)

Video game retail dealer, who is trading on the New York Stock Exchange under GME Ticker, $ 4.8 billion in cash and cash rewards as of February 1 – from 921 million dollars at the same time last year.

But instead of using a portion of this money to buy Bitcoin, it is so A collection of $ 1.3 billion In display of convertible notes. Investors at General Motors are not happy, but merchants find a way to profit on the news: Short Yesterday he was the highest since it was Kitty influencing in the share of Meme last summer.

Meanwhile, GME wiped the BTC stumbling block and sank near the lowest level of six months. By Friday afternoon, the price of GME hovering about $ 22 and lost 12.9 % over the past five days.

Note investors On xPreviously Twitter, more than 71 % of the GME size is traded off the exchanges of dark complexes. This is the way the founding investors, such as hedge funds, investment boxes and pensions, without the need to immediately reveal them publicly.

Amazing amazing bitcoin fees

Working news for workers: Bitcoin transactions have decreased.

I noticed the Blocksbridge consultations Newsletter The transaction fees this week now constitute only 1.25 % of the total blocks bonuses. This is the lowest since April 2022.

“Without a significant increase in the price of Bitcoin market or a revival of transactions, miners may soon face an irreplaceable position: may no longer be able to compete.”

At the time of writing this report, Bitcoin and the rest of the encryption market are in labor. The ceiling of the global encryption market has sank 5.5 % in the past 24 hours Bitcoin price 3.7 % decreased to 83,804.62 dollars, according to Coingecko data.

Meanwhile, bitcoin mines workers He said Decipher In a conference earlier this week, the axis of data warehouse for high -performance computing service and artificial intelligence agents with its challenge set.

For beginners, bitcoin miners – often – can often –Turn off their platforms To save money. But this does not fly when you deal with the work burdens for startups AI.

“We are boycotting [as Bitcoin miners]While the traditional data center needs [to be] At 100 % of the time, I told Shannon of mining gates Decoding, Adding that this UPS costs the big time.

Coreave quote

Talking about bitcoin mines axis to artificial intelligence, Coreove, backed by NVIDIA, began to trade in the NASDAC CRWV How much – or so we were told.

(Remember: Coreweave, began as an encrypted chopper focusing on Ethereum in 2019, before granted gradually to artificial intelligence Ethereum turned into a climb Consensus in 2022 and made Ethereum miners out of time.)

CEO of the company The opening bell rang Friday to celebrate the public subscription, which stock prices at $ 40 and sought to raise $ 1.5 billion. For a while, CRWV was expected to be raised up to $ 2.7 billion with price estimates of $ 55 per share.

But for the best part of the day, it was so It is impossible to find stock prices For CRWV. When it appeared, around 1:30 pm East time, the share price decreased by 5.5 % to $ 37.81. But she stumbled a little and left that it ended on the first day of trading after gaining 2.4 %.

A person who has not been named said that he is aware of this issue Bloomberg Three investors unveiled his name bought half of the offer of $ 1.5 billion. NVIDIA fell to a $ 250 million offer. In other words, a handful of wealthy disturbed the public subscription to make it seem more successful than it was, according to Bloomberg Report.

One of the problems developed by analysts with CRWV is the founder of its founders. TURCK, a partner at the Investment Capital Company, died. On xThey come from a financial background, not technological.

But even with two financing founders, the financial statements were not great.

“Coreave is still deeply profitable,” TURCK wrote in A. Blog postA net loss of $ 31 million in 2022, which expanded to $ 593.7 million in 2023 and 863.4 million dollars in 2024 (-45 % margin).

It’s time for treatment?

First, good news: Robenol put some Additional brilliance On its excellent golden membership earlier this week.

Cryon and stock trading platform, which is trading on the Nasdak Stock Exchange under Cabbot Ticker will now include access to Robinhood Strategies, which aims to provide “Khayat Governor, managed by experts”, exclusive events tickets such as the Academy Awards, Special aircraft travel, and delivery on the same direct monetary day to the customer’s door.

This led to the Bernstein decides setting the target of $ 105 for the cover – more than twice the company’s current share price of $ 41.65.

However, according to ClosureGovernment organizers face a problem with the latest modernization of the company: Sports Football Markets.

The New Jersey Games and Entertainment Department sent a message to companies, claiming that the markets were “unauthorized sports betting services” and should not be available to the population of the state.

Midnight tonight is the deadline of Kalshi and Robinhood to admit the receipt of the message and stop reaching the residents of New Jersey. At approximately 3 pm Easter, this resident in New Jersey can still see the markets in its Robinhood app.

Other keys

Etoro trading platform, which The encryption offers are associated Back to Bitcoin, Ethereum and Bitcoin Cash as part of the SEC settlement, now runs to run The first general offering. But it remains to see whether Etoro will re -encryption to attract new users.

But after I was out and out with most of the encryption assets, it does not seem to have affected her performance.

There SEC fileThe company stated that Crypto represents 38 % of the company’s commissions, an increase of 17 % in the previous year. The total commissions grew to $ 931 million, an increase of 46 % from 639 million dollars in 2023.

Could this bull that leads the current public subscription season to technology?