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Key Takeaways:
- GameStop may soon accept crypto for trading cards, marking a new chapter in its post-hardware strategy.
- Bitcoin remains near all-time highs, while Ethereum’s rise hints at growing altcoin influence.
- Bitcoin Hyper’s $3M presale showcases rising interest in Layer 2 solutions that scale Bitcoin’s functionality.
Although GameStop shut down its NFT marketplace in January 2024 due to regulatory pressures, the company hasn’t walked away from the blockchain space. On May 28, GameStop disclosed it had purchased 4,710 Bitcoin, then worth over $500 million, citing the move as a hedge against inflation.
Additionally, GameStop raised another $450 million last month through a private convertible note offering, which some analysts believe could fuel further investments in Bitcoin or blockchain ventures.
Bitcoin Nears Peak as Ethereum Gains Ground
Bitcoin is currently trading near $118,700—just 3.5% below its all-time high of $123,000. This comes after the crypto market added $1.33 trillion in market cap over the past three months.
However, Ethereum is showing signs of challenging Bitcoin’s dominance. ETH has gained 10% against BTC over the past month, and analyst Matthew Hyland suggests that Bitcoin’s 63.77% market share may be peaking. If Ethereum maintains momentum, it could signal a shift toward broader altcoin adoption.
If #ETH breaks bullish and remains bullish against BTC there is a 99% chance BTC Dominance has topped
— Matthew Hyland (@MatthewHyland_) July 15, 2025
It is basically impossible for Dominance to push higher if ETH continues higher against BTC https://t.co/BRgJeoIxR1
Bitcoin Hyper Raises $3M in High-Speed Layer 2 Presale
Amid Bitcoin’s price rally, Bitcoin Hyper ($HYPER), a Layer 2 project designed to enhance Bitcoin’s scalability, has raised $3 million during its ongoing presale. With nine hours left before the next price tier, investor interest remains strong.
Built using Solana’s Virtual Machine, Bitcoin Hyper aims to combine Solana’s speed and developer tools with Bitcoin’s base layer security. Its Canonical Bridge allows users to move BTC into a smart contract-enabled environment, expanding its use cases beyond store-of-value.
- Ticker: HYPER
- Presale price: $0.012275
- Staking APY: 298%
- Funds raised: $3 million
Also Read: GameStop Raises $450M to Expand Bitcoin Treasury, Total BTC Holdings Hit $513M
GameStop and Crypto Converge as Market Evolves
GameStop’s interest in crypto payments and its substantial Bitcoin holdings underscore a growing intersection between traditional retail and blockchain technology. As Bitcoin eyes $120K and Layer 2 innovations like Bitcoin Hyper gain momentum, the stage is set for broader crypto utility and mainstream adoption.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
