🕹️ GameStop Boosts Bitcoin War Chest with Extra $450M

🕹️ GameStop Boosts Bitcoin War Chest with Extra $450M

GameStop just raised another $450 million after underwriters fully exercised their greenshoe option from a recent convertible debt offering. That pushes the total raised this month to a hefty $2.7 billion.

🔹 Why it matters:
GameStop plans to use the funds for general corporate needs and investments in bitcoin as part of its evolving treasury strategy.

🔹 Quick recap:

• The retailer issued zero-coupon convertible notes due in 2032, convertible into shares at a 32.5% premium.

• The move follows GameStop’s May purchase of 4,710 BTC (~$500M).

• The company now joins other public firms mimicking MicroStrategy’s BTC-heavy treasury model.

With this fresh capital, GameStop could significantly expand its crypto holdings — and it’s signaling it’s just getting started.

📈 BTC at last check: $107,259

🚨 Trump Eyes Replacement for Fed Chair Powell

Former President Donald Trump has confirmed he’s begun interviewing candidates to potentially replace Federal Reserve Chair Jerome Powell — signaling a major shift could be coming to U.S. monetary policy if Trump returns to the White House.

🔹 Why it matters:
Powell’s term ends in 2026, but Trump has been openly critical of the Fed’s handling of interest rates and inflation. Replacing Powell could reshape the Fed’s stance on rates, inflation, and even crypto policy.

🔹 Context:
Trump previously appointed Powell in 2017 but later soured on him during his presidency. Now, with the 2024 election behind him, the search for a new Fed chief begins early.

Stay tuned — the future of U.S. economic policy may hinge on who gets the nod.

⚠️ Bitcoin Hashrate Rapidly Falling — What’s Going On?

The Bitcoin network's hashrate is seeing a sharp decline, raising eyebrows across the crypto world.

🔻 Why it matters:
Hashrate reflects the total computing power securing the Bitcoin network. A drop signals fewer miners online, which can lead to longer block times, network instability, and potentially higher transaction fees.

🔍 What’s behind it?

• Post-halving pressure: The April 2025 halving slashed block rewards, squeezing miner profits.

• Heatwaves & energy costs: Seasonal energy price spikes and infrastructure stress may be forcing miners offline.

• Consolidation: Smaller or less efficient operations may be exiting the market, unable to stay competitive.

📉 A falling hashrate doesn’t threaten Bitcoin’s long-term security — yet — but it’s a metric to watch closely, especially as difficulty adjusts and mining economics shift.

Stay alert — network health and price volatility may be more closely linked than ever right now.