Coindesk

GameStop (GME) has added its name to the quickly-growing roster of publicly-traded companies adopting a bitcoin treasury strategy.Alongside its fourth quarter earnings report, the company said its board unanimously approved adding bitcoin as a treasury reserve asset.CEO Ryan Cohen in early February got tongues wagging when he posted a picture of himself and Strategy (MSTR) Executive Chairman Michael Saylor at Donald Trump's Mar-a-Lago.Several days later, Strive Asset Management CEO Matt Cole sent a letter to Cohen urging GME to use at least part of its more than $5 billion of cash on hand to purchase bitcoin. Co-founded by Vivek Ramaswamy, Strive is an owner of GME through its ETFs."We believe GameStop has an incredible opportunity to transform its financial future...

The U.S. Securities and Exchange Commission (SEC) has dropped its investigation into Web3 gaming platform Immutable and will not file enforcement charges, according to a Tuesday announcement from the company.Immutable, an Australian company, disclosed that it had received a Wells notice — essentially an official heads-up from the SEC that it intends to file an enforcement action against the recipient — in November. At the time, the firm speculated that the SEC’s investigation was tied to its listing and private sales of its native IMX token back in 2021.“We are pleased the SEC has concluded its inquiry,” said Robbie Ferguson, Immutable’s co-founder and president, in a statement. “This marks a significant milestone for the cryptoindustry and gaming as we advance...

Chronicle, a blockchain data provider focused on tokenized assets, announced on Tuesday that it has raised $12 million in a seed funding round.The investment was led by Strobe Ventures, formerly known as BlockTower Capital. Other backers include Galaxy Vision Hill, Brevan Howard Digital, Tioga Capital and Fenbushi Capital, alongside notable crypto angel investors such as Rune Christensen (Sky/MakerDAO founder), Andre Cronje (founder of Sonic and Yearn), Stani Kulechov (founder of Aave), Mark Phillips (co-founder of Steakhouse) and Sam MacPherson (co-founder of Phoenix Labs).Chronicle operates as an oracle network, offering real-time data verification for tokenized financial products. It has processed more than $20 billion in total value secured (TVS) since its launch in 2017 and is expanding its infrastructure to meet...

Fidelity Investments is looking to create an exchange-traded fund (ETF) tracking the price of Solana (SOL), a filing with the Securities and Exchange Commission on Tuesday shows.Cboe Exchange uploaded a 19b-4 filing to list a Solana ETF proposed by the $5 trillion Wall Street veteran. This comes after the firm registered a Fidelity Solana Fund in Delaware last Thursday.Fidelity has yet to submit an S-1 filing, which is required for companies seeking to issue a new security and be listed on a public stock exchange.Solana, at $74 billion, is currently the sixth-largest crypto asset by market capitalization in the world. Several asset managers have filed applications with the SEC to launch funds holding the token, including Grayscale, Franklin Templeton and...

Decentralized lending platform Abracadabra.Finance suffered an attack that drained $13 million worth of cryptocurrency from pools tied to GMX liquidity tokens.Blockchain security firm PeckShield flagged that contracts involving decentralized exchange GMX and Abracadabra were compromised, leading to the theft of 6,260 ETH, worth around $12.98 million at the time of writing.The exploit focused on so-called "cauldrons," isolated lending markets in Abracadabra where users can borrow against crypto collateral. These particular cauldrons relied on GM tokens, which represent liquidity positions in GMX, a decentralized exchange platform.GMX distanced itself from the incident. In a post on X, an account associated with the exchange said that GMX’s contracts themselves were unaffected. The team later said the breach was “solely related to the Abracadabra/Spell...