GameStop targets eBay in $55.5B deal as Cohen takes aim

GameStop has submitted an unsolicited, non-binding proposal to acquire eBay for $125 per share. GameStop offered $125 per eBay share, valuing the unsolicited takeover proposal at about $55.5 billion.Ryan Cohen would lead the combined company if GameStops cash-and-stock acquisition proposal for eBay succeeds.GameStop says $2 billion in yearly cost cuts could come within twelve months of closing.  The proposed deal values eBay at about $55.5 billion on an undiluted equity basis. Meanwhile, the offer would use 50% cash and 50% GameStop stock. GameStop said the price represents a 46% premium to eBays unaffected closing price on February 4, when it began building its position.  GameStop also disclosed a 5% economic stake in eBay through derivatives and common stock ownership. The company said it planned to file a Schedule 13D and Hart-Scott-Rodino notification.  The proposal would place Ryan Cohen as chief executive of the combined company after closing. GameStop said Cohen owns about 9% of the company and receives no salary, cash bonuses, or golden parachute.  Cost cuts form key part of takeover plan  GameStop said it could deliver about $2 billion in yearly cost cuts within twelve months of closing. It pointed to sales and marketing, product development, and administrative expenses as target areas.  The company

05-04

Cardano Price Prediction: ADA Presses CRT High At $0.2561 As Foundation Unveils Digital Trust Framework

ADA trades at $0.2526, up 1.24%, pressing the CRT high at $0.2561 with the 50-day EMA and channel boundary converging at the same level.Long leverage clustered near $0.2450 and shorts above current price, with liquidation hunters active on both sides into the week.Cardano Foundation released a five-layer Digital Trust Infrastructure framework targeting governments, enterprises, and healthcare systems.  ADA trades at $0.2526 on May 4, pressing the CRT high at $0.2561 after a weekend of compressed price action. Long leverage has stacked near $0.2450 and shorts are sitting above current price, making the early week open a likely trigger for a sharp directional flush before the real move develops.  Why $0.2561 Is The Only Level That Matters Right Now  The CRT range runs from $0.2434 to $0.2561. Price at $0.2526 is just below the CRT high, which sits at the same level as the 50-day EMA at $0.2557 and the descending channel upper boundary. Three layers of resistance converging at $0.2561 is why this level has rejected every close above it for weeks.  The SAR at $0.2653 is the level above that confirms the daily trend has turned. Below, the CRT low at $0.2434 is where long leverage is clustered near $0.2450, making that zone

05-04

XRP News: Ripple Ex-CTO Shares Reality Check On XRP Ledgers 1500 TPS Speed

David Schwartz, former CTO of Ripple, sparked XRP news headlines as he provided a reality check on widely quoted performance claims of the XRP Ledger. He especially remarked on the networks theoretical 1,500 transactions per second (TPS) capacity.  XRP News: Ripple CTO Emeritus Clears The Air On XRPL Speed  He responded to Banaxchange media platform‘s questions regarding the XRP Ledger’s speed. His comments led to another wave of community discussions after previously dismissing ‘secret plan’ claims around Ripple.  Schwartz clarified that the network‘s architecture doesn’t provide a strict limit to the number of transactions that can be submitted at a time.  “There really is no limit to the number that could be handled at once because they could be distributed throughout the various nodes running the software and percolate to the validators over time,” he said.  However, he stressed, this does not map to instant scale processing. With a hypothetical scenario, Schwartz mentioned that “someone dumping, say, a million transactions on the network at once” would take a long time before all the transactions could be confirmed.  In the XRP news today, Schwartz also wrote about the frequently-quoted 1,500 TPS benchmark. He described it as a capability under ideal or “realistic conditions.” On the contrary, he

05-04

Ripple XRP Price Zooms Above $1.40 on Rising Volume: Further Breakout Coming?

Ripple XRP pushed back above $1.40 during early Asia hours, trading near $1.41–$1.42, up roughly 0.50% in 24 hours from intraday lows around $1.37, as a sharp volume surge raised the immediate question of whether bulls can sustain the reclaim.  The move matters precisely because $1.40 had capped multiple upside attempts in recent sessions, making its breach something traders will watch closely on any pullback. What happens at this level over the next 24–48 hours could define XRPs near-term trajectory.  The breakout unfolded as Bitcoin climbed during the same window, lifting broader risk sentiment across crypto markets and providing a tailwind for altcoin positioning. Volume spiked approximately 13%, driving XRP from a low near $1.38 to a session high around $1.42, with price accelerating cleanly through the $1.3990 resistance zone in the final hour of the move.  Binance futures data showed takers buying 372M XRP against 372.1M sold, suggesting real directional positioning rather than a low-liquidity drift higher.  Source: Coinglass  Price is currently consolidating near $1.4040–$1.4060, holding just above the breakout zone, but the structure of the move, not just the price level, is what sets up the analysis below.  DISCOVER: Next Crypto to Explode in 2026  Can Ripple XRP Price Reach $1.50 This Week?  XRPs 24-hour price

05-04

OFAC Said Seized Wallets Were Iranian; Analysis Finds Other State Actors More Likely

Multiple wallet addresses recently sanctioned by the US Treasury ‌Department for their ties to Iran may not be linked to the Islamic Republic, but to other state actors instead, analysis published Sunday suggests.  That analysis, by blockchain intelligence firm Nominis, said that while the recent seizing of wallets holding more than $340 million by Treasury‘s Office of Foreign Assets Control (OFAC) was a significant crypto enforcement event, some of those wallets’ characteristics lack a similarity to previously seized wallets linked Tehran.  “While the use of cryptocurrency by the Islamic Revolutionary Guard Corps (IRGC) is well established, this case presents structural and behavioral characteristics that diverge meaningfully from previously observed patterns,” said Nominis CEO Snir Levi.  He said that IRGC-linked wallets have shown some consistency in their operations, including that the funds are distributed across multiple wallets, individual wallet balances are kept relatively low — typically a few million US dollars, holdings arent retained for extended periods and activity is structured to minimize exposure to seizure or freezing mechanisms.  “The behavioral divergence observed in this case raises a critical question: To what extent does the frozen $340 million reflect direct IRGC control, versus infrastructure that overlaps with broader, potentially foreign, financial networks,” Levi said.  He said

05-04

Bitcoin spot ETFs see $153.8M inflows, Ethereum outflows hit $82.4M

Bitcoin spot ETFs recorded net inflows of $153.87 million, suggesting increased institutional interest. Meanwhile, Ethereum, Solana, and XRP spot ETFs experienced net outflows of $82.47 million, $1.24 million, and $35.21 thousand, respectively.  ## Key Takeaways  – Bitcoin‘s inflows appear to indicate supportive conditions for higher price targets, with institutional interest rising. – Ethereum’s outflows suggest a sentiment shift that could decrease the likelihood of reaching higher price milestones. – Solana and XRP are also seeing negative ETF flows, which could indicate waning investor confidence in the short term.  ## Article Body  Recent data from Cointelegraph indicates that Bitcoin spot ETFs saw significant net inflows last week, totaling $153.87 million. This influx of funds into Bitcoin ETFs is seen as a sign of growing institutional interest, potentially bolstering Bitcoins price prospects. In contrast, Ethereum spot ETFs experienced substantial outflows of $82.47 million, alongside smaller outflows for Solana ($1.24 million) and XRP ($35.21 thousand). These outflows may reflect a shift in investor sentiment or reallocations within portfolios. The context of these movements remains isolated from geopolitical events, focusing purely on market dynamics and investor behavior.  ## Market Interpretation  The net inflows into Bitcoin spot ETFs appear supportive of YES outcomes in Bitcoin price target markets, suggesting a moderate

05-04

XRP Folds Under No Pressure Whatsoever, You Need 62 Days to Withdraw Ethereum (ETH), Hyperliquid (HYPE) Paints Falling Star: Crypto Market Review

The issue is that XRP was rejected at a level that shouldnt have been a significant barrier. The asset rolled over almost immediately after failing to overcome a comparatively weak descending resistance, indicating that buyers are not in control even under low pressure.  According to the chart, XRP has been trapped in a more general downtrend for months, with each attempt at recovery being thwarted by lower highs. The same script was used in the most recent action. Instead of consolidating or building, the price printed a swift rejection and began drifting lower once more, as it got closer to the declining trendline and the cluster around the 50 EMA.  XRP/USDT Chart by TradingView  There was only a subdued fade, no real struggle against resistance, and no increase in volume. Such actions are important. The inability of an asset to overcome small resistance levels typically indicates weak underlying demand. Strong markets either pass through these zones or, at the very least, try them several times before failing. That was not even possible for XRP; it folded upon first contact.  XRP Folds Under No Pressure Whatsoever, You Need 62 Days to Withdraw Ethereum (ETH), Hyperliquid (HYPE) Paints Falling Star: Crypto Market Review  XRP Goes Mainstream in

05-04

Arbitrum DAO faces a U.S. court freeze on $71M ETH

A U.S. court order has placed Arbitrum DAOs planned use of frozen hack funds under legal restraint.A U.S. court has blocked Arbitrum DAO from moving 30,766 ETH tied to the Kelp DAO exploit after plaintiffs linked the funds to North Korea.Lawyers representing terrorism victims have argued the frozen ether can be seized to satisfy over $877 million in unpaid judgments against the DPRK.  According to filings authorized by the U.S. District Court for the Southern District of New York, plaintiffs served a restraining notice on May 1 through Arbitrums governance forum, blocking any movement of 30,766 ETH, valued at nearly $71.1 million, that had been frozen by the Arbitrum Security Council after the Kelp DAO exploit.  Lawyers representing the plaintiffs, identified as victims holding unpaid terrorism-related judgments against North Korea, have argued that the seized ether constitutes property in which the DPRK holds an interest. Their claim rests on allegations that the funds were stolen by the Lazarus Group on behalf of Pyongyang, a link previously attributed by LayerZero in its investigation of the breach.  Arbitrum‘s intervention traces back to April 20, when its Security Council moved the assets into a controlled wallet after identifying attacker-linked addresses. In an April 21 update, the

05-04

Ethplorer’s Aleksandr Vat Says Ethereum’s Altseason Already Happened

According to Vat, this changes the picture of Ethereum wealth, liquidity, and risk. It also leads to one of Ethplorers more provocative conclusions: altseason may have already happened, but in balance sheets rather than price charts.  Ethereums Rich List Has Changed  BeInCrypto: At the conference, you discussed the new Ethereum ranking with the community. What is the Aggregated Ethereum Rich List, and why did Ethplorer build it?  Aleksandr Vat: Ethplorer rebuilt the Ethereum rich list by ranking addresses not only by ETH, but by total USD value. That includes ETH, ERC-20 tokens, and stablecoins.  The Aggregated Ranking of Ethereum addresses is based on totalBalanceUsd, unlike traditional rankings, which are sorted by ethBalanceUsd. The goal was simple. ETH-only rankings no longer show real economic power on Ethereum.  BeInCrypto: What was fundamentally wrong with traditional ETH-based rankings?  Aleksandr Vat: ETH-only rankings ignore most of the capital. Today, around 66% of value sits outside ETH, mostly in tokens and stablecoins. That means ETH-based lists give a distorted view of who controls liquidity and risk.  BeInCrypto: What was the biggest insight when you first rebuilt the ranking?  Aleksandr Vat: The biggest change was that the entire hierarchy changed. The same top 10,000 addresses hold almost three times more capital when tokens are

05-04

$1,000 in Little Pepe ($LILPEPE) Could Mirror Early Ethereum Gains if Adoption Trends Continue

Little Pepe is garnering more interest from investors due to their desire to invest in a project that shares similarities with the developmental stage of prominent cryptocurrencies. The token project has managed to amass over $28 million during its presale, thus allowing the project to gain substantial traction even as it nears completion. It is currently being offered at $0.0022 in Stage 13, while Stage 14 is priced at $0.0023. The systematic pricing approach used by the team has been effective in sustaining constant inflows of funds, which are usually associated with projects that have gone past the initial hype phase.  Understanding the $1,000 Investment Potential  An investment of $1,000 at todays presale prices will provide the purchaser with a considerable amount of tokens, and this is one of the important considerations when calculating any future gains from the investment. Early access is a very important aspect in the world of cryptocurrencies, since just a little increase in the price of the asset may result in considerable percentages. For example, in case of a 10x rise in the price, an initial $1,000 becomes $10,000. The similarity between early Ethereum investments and the discussed asset lies in accessing the project while its adoption

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