📌 Gamestop wants $1 billion in BTC

1. Fidelity Announces Launch of Their Own Stablecoin

Asset management giant Fidelity plans to roll out its own stablecoin, adding another big name to the rapidly expanding stablecoin scene (where we’ve already seen launches from PayPal, World Liberty Financial, and Ripple Labs). The token, backed by short-term Treasuries, fits right in with Fidelity’s broader push into “tokenized finance.”

4. GameStop Announces $1.3 Billion Plan to Purchase Bitcoin

GameStop $GME ( ▼ 19.54% ) announced yesterday that it intends to raise $1.3 billion for general corporate purposes, including acquiring Bitcoin. The move comes a day after the company revealed an update to its investment policy, allowing Bitcoin to be used as a treasury reserve asset.

3. Robinhood Launches Banking, Wealth Management, & More

The company $HOOD ( ▼ 0.98% ) is ever-more moving away from a traditional trading app. Last night the company announced a slew of new offerings including:

NYSE Parent ICE Teams Up With Circle Amid Stablecoin Boom

With stablecoin legislation looking likely, stablecoin competition is heating up. Today, Intercontinental Exchange $ICE ( ▲ 0.34% ) announced it would embed Circle’s USDC stablecoin and USYC, its tokenized money-market fund, within ICE’s global market machinery.

1. Yes, Another Stablecoin – But This One is Different

Custodia Bank and Vantage Bank just launched “Avit” on Ethereum – truly tokenizing actual bank deposits rather than relying on a crypto startup’s promise. It’s a first for U.S. banks, fully blessed by regulators, with no middleman stablecoin issuer involved. Essentially, it’s real dollars running on a public blockchain. That might sound boring, but it’s a milestone showing smaller community banks — not just Fidelity and friends – are also beginning to adapt and innovate.