GameStomped 🦶
OVERVIEW
GameStomped 🦶
Source: Giphy
Before we dive in, here’s today’s crypto market heatmap:
Source: Santiment
And here’s a look at crypto’s total market and altcoin market cap charts:
Source: TradingView
NEWS IN THREE SENTENCES
Crypto News 📰
🚨 Binance Threatens JasmyCoin With a Popularity Contest
Binance’s new “vote delisting” mechanism has JasmyCoin ($JASMY.X ( ▼ 3.25% )) crying foul, arguing its 1000% rally and swelling userbase somehow got overlooked. Jasmy’s response: flexing its shiny new gadgets like Personal Data Locker and Jasmy Secure PC while asking Binance politely (sort of) to pull its head out of its own mechanism. And just so I’m clear, mechanism means ass. JasmyCoin.
🗳️ Senate Stalls SEC Nominee Vote
The Senate Banking Committee postponed Paul Atkins’ confirmation vote for SEC Chair—likely to give crypto critics more time to complain about his pro-crypto stance and equity holdings in blockchain companies. Atkins pledges to shift the SEC’s regulatory approach, causing Elizabeth Warren to throw shade over his “potential conflicts,” but crypto markets aren’t exactly panicking. coincu.
🚨 DOJ Seizes Hamas-Linked Crypto; Critics Quiet as Crypto Actually Fights Terrorism
The DOJ just seized over $200k in crypto linked to Hamas, dismantling a network laundering $1.5 million in digital funds. Investigators tracked funds via crypto wallets and encrypted chats, demonstrating blockchain transparency is real. The Street.
✈️ SBF Gets ‘Con Air’ Treatment After Jailhouse TV Stunt; Critics Still Googling “What’s FTX?”
Sam Bankman-Fried found himself on a prison plane after an unauthorized TV appearance with Tucker Carlson landed him at a federal transfer facility in Oklahoma. The former FTX CEO still claims innocence while critics pretend he represents the entire crypto space. Decrypt.
PRESENTED BY STOCKTWITS
The First Bitcoin-Denominated Life Insurance Co. (That’s Backed By Sam Altman) 👀
Join Blockfuel’s Avi Mash and Jody Flournoy for conversations with the crypto industry’s top leaders. Today’s guest is Zac Townsend, CEO of Meanwile.bm, the first and only life insurance company denominated in Bitcoin. 🪙
You don’t want to miss this unique and insightful conversation: 👇️
NEWS
Someone Pushed GME Down And No One Is Helping It Back Up 😵
GameStop ($GME ( ▼ 22.11% )) vaporized about $2.8 billion from its market cap today after investors figured out that chucking $BTC.X ( ▲ 0.79% ) at a sinking ship probably wasn’t as genius as it seemed yesterday. 🤦
GME Daily Chart – Click to enlarge.
The drama kicked off yesterday (March 26) when GameStop got shareholders buzzing by announcing it would toss $1.3 billion from a debt offering straight into Bitcoin and stablecoins.
Shares initially spiked nearly +17% on that dopamine hit, but reality punched back the next day with a brutal -8.8% gap down, which ultimately turned into a -22.11% drop from yesterday’s close.
Analysts didn’t hold back, either: Bret Kenwell from eToro called it perfectly, pointing out nobody’s exactly thrilled about GameStop’s struggling core business or how Bitcoin magically fixes any of that. 🤯
ON-CHAIN ANALYSIS
Burnt Bag Briefing 🔥
Want to know whether the bulls or bears are feeling the most pain today? Well, this is the place to look. 👀
24-Hour Liquidation Heat Map – Source: coinglass – Click to enlarge.
In the past 24 hours, 87,122traders were liquidated, with total liquidations reaching nearly $169.15 million.
The largest single liquidation occurred on OKX, an ETHUSD pair valued at $3.95 million.
Longs lost $108.8 million, while shorts were hit for $60.36 million. 🤕
SPONSORED
Get expert market guidance LIVE – at the MoneyShow Masters Symposium Dallas
Looking for guidance AND actionable recommendations in this volatile market? Then join the nation’s top financial experts…at the 2025 MoneyShow Masters Symposium Dallas!
From April 4-5 at the Hilton DFW Lakes, you will…
* Learn about the latest investing strategies and profit opportunities from experts like Keith Fitz-Gerald, Mark Mahaney, Jim Bianco, Louis Navellier, Erin Gibbs, Mish Schneider, John Carter, Jerremy Newsome, and dozens more.
* Listen in as President Trump’s Envoy for Special Missions Richard Grenell delivers timely and actionable remarks on Washington policy and geopolitics…
* Watch as Charles Payne broadcasts his hit show Fox Business’ Making Money with Charles Payne LIVE from the event…
Plus, so much more. It all starts April 4. Click HERE to register – and we’ll see you in Dallas soon!
*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.
NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️
🔎 GalaScan Just Made Your NFT Obsession Easier to Justify
$GALA.X ( ▼ 1.32% )’s GalaScan rolled out updates letting crypto degens track wallet moves, export CSVs for tax nightmares, and obsess over NFT metadata with greater ease. Wallet addresses got a facelift for readability—perfect for checking your embarrassing transaction history late at night. GalaGames.
🎮 SEC Quits Harassing Immutable, Crypto Critics Left Seething
The SEC officially backed off Immutable ($IMX.X ( ▼ 4.62% )). proving regulatory threats to crypto gaming aren’t exactly final-boss material. Immutable celebrated by signing record game deals and bagging another million Passport sign-ups, effectively flipping critics the digital bird. Immutable.
🤖 Saga and Chrono Games Want You Bonding With AI (Because Humans Suck)
$SAGA.X ( ▲ 3.3% ) joined forces with Chrono Games to make AI agents as simple to deploy as rage-quitting your favorite FPS. Chrono’s KEX marketplace lets players form disturbing relationships with digital NPCs, powered by ERC-20 and NFT-based economies. Saga.
🧙♂️ Forgotten Runiverse Goes Live Globally
Forgotten Runiverse’s global early access just went live, packing MMORPG content like land plots, dungeons, quests, and a massive Quanta airdrop. Players can now craft NFTs, earn rewards, and shape the in-game world—features critics will dismiss while secretly hoping their mom ups their allowance. Ronin.
NEWS IN THREE SENTENCES
DeFi, DEX, & Lending Protocol News 🏦
💰 Pendle’s Yield Empire Is Outgrowing Your Skepticism
Pendle ($PENDLE.X ( ▲ 2.02% )) crushed 2024, scaling from “cute DeFi project” to handling billions—ranking among Ethereum and Solana by TVL. Now eyeing a casual trillion-dollar market, Pendle is spreading tentacles into TradFi, non-EVMs, and even Islamic finance—because why settle for DeFi dominance when world domination is an option? Pendle.
🌱 Band Protocol Hits Celo’s L2, Pretends Scaling Problems Don’t Exist
Band Protocol ($BAND.X ( ▼ 1.75% )) successfully migrated its oracle to Celo’s ($CELO.X ( ▼ 0.77% )) shiny new Ethereum L2 mainnet, promising even faster price feeds and less downtime drama. DeFi devs get speedy, reliable data feeds from day one—meaning your favorite degenerate yield-farm projects can blow up even quicker now. Band Protocol.
LINKS
Links That Don’t Suck 🔗
🪨 BlackRock’s Global Allocation fund owns $47.4M in Bitcoin ETF, filing shows
😠 Senator John Kennedy grills SEC nominee Paul Atkins about SBF pardon
👃 Pay-to-reach startup crippled by self-doubt after CZ snub
🖼️ Introducing 4o image generation
🐈️ Minnesota cat’s 18.5-inch tail earns Guinness World Records title
Get In Touch 📬
Follow our social channels for great, real-time content on Stocktwits and Twitter. And check out our YouTube channel for in-depth video content! 📲
Email me (Jonathan Morgan) your feedback; I’d love to hear from you. 📧
Want to sponsor this newsletter and reach hundreds of thousands of crypto enthusiasts? Reach us here. 👍
Terms & Conditions 📝
Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍
Author Disclosure: The author of this newsletter holds positions in ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋
