GameStop is considering investing in Bitcoin, and the news already started impacting its stock price. CEO Ryan Cohen recently posted a photo with MicroStrategy’s Michael Saylor, and his firm may serve as a blueprint.

GameStop previously tried to enter the Web3 market with its NFT marketplace, but this proved unsuccessful. Bitcoin is completely unrelated to its core business model and may dramatically change the company, but its revenues would keep it afloat.

GameStop, ostensibly a gaming and electronics retailer, has changed a lot in the last few years. After steadily declining revenues, a Reddit-driven stock squeeze in 2021 brought about a legendary stock pump. This event rejuvenated company leadership, prompting new Web3-oriented business solutions like an NFT marketplace.

However, GameStop’s momentum couldn’t last forever; the firm fired CEO Matthew Furlong in 2023 and shuttered its NFT marketplace the following January.

Today, however, GameStop is preparing to take a truly radical step: investing in Bitcoin. According to published rumors, the firm may invest in it and other cryptoassets soon. The news quickly had a notable impact on its stock price.

The price of Bitcoin has been extremely bullish in recent months, but that doesn’t fully explain GameStop’s decision. Despite the recent liquidations triggered by Trump’s geopolitical decisions, Bitcoin is starting to stabilize.

Given BTC is still below $100,000 and analysts predict much higher prices by the end of the year, it would be an optimal time for GameStop to add Bitcoin to its portfolio. The decision seems to be somewhat inspired by MicroStrategy’s Michael Saylor.

Before buying Bitcoin, MicroStrategy was in a very similar position to GameStop. Saylor saw revenues from its traditional business model drying up and made a dramatic gamble on BTC.

This bet has paid off extraordinarily well, and Saylor recently rebranded the company to prominently feature the Bitcoin logo.

“GameStop, a company with no viable business plan, has thrown another Hail Mary by announcing that it might use its cash to buy Bitcoin. The irony is that Bitcoin is even more overpriced than GME. No matter; speculators are buying the stock anyway, hoping it becomes another MSTR,” wrote anti-crypto advocate Peter Schiff.

In other words, Saylor’s Bitcoin rebrand could serve as a blueprint for GameStop. The company tried to adapt to meet Web3 market opportunities when it entered the NFT market, but this wasn’t enough. Many of its NFTs were gaming-themed, and this proved a niche market. Bitcoin, however, has nothing to do with its old business model.

Committing to a Bitcoin-first strategy could completely change GameStop’s revenue model. MicroStrategy was totally transformed by its pivot to BTC. Even Tesla, one of the world’s largest tech firms, has noticeably changed due to its crypto purchases.

However, no further updates regarding any accumulation plans have been revealed yet.

Crypto AI Agents’ total market cap has sharply declined, now sitting around $7 billion after dropping from $20 billion just a month ago. While some leading tokens continue to struggle, others have shown resilience, with AI16Z and ARC posting significant gains in the last seven days.

Whale engagement and smart account activity have been declining but at a slower pace, suggesting potential stabilization. If interest in AI-driven narratives returns, the top-performing Crypto AI Agents could be primed for another breakout, with projects like VIRTUAL, AI16Z, and ARC positioned to benefit the most.

Some Crypto AI Agents Leaders Are Struggling, But Others Are Rising

The top 10 biggest Crypto AI Agents coins show a mixed performance, with one recently launched, three declining over the last seven days, and six posting gains. AI16Z and ARC have led the recent upside, highlighting strong momentum within certain coins.

VIRTUAL, the largest Crypto AI Agent coin, is up around 10% this week but is still struggling to regain the momentum that once made it the biggest artificial intelligence token in the market. Its dominance in the sector is reflected in the top 10, as three of the biggest AI Agent coins are directly linked to its ecosystem.

Blockchain distribution also plays a key role. Four of these tokens launched on Base and another four on Solana, with only one on Ethereum and one on BNB. With Virtuals Protocol now live on Solana, the network’s presence in the crypto AI agents ecosystem space could become even stronger.

ARC and AI16Z

ARC has been the biggest winner among the top 10 Crypto AI Agents coins in the past seven days, surging nearly 96%. This impressive rally has pushed ARC to the fifth spot in the rankings, with a market cap of approximately $320 million.

Despite a slight pullback in the last few hours, ARC is still trading at its highest levels since late January.

AI16Z follows as the second-best performer, climbing over 50% in the past week as AI-powered market analysis bots regain momentum.

With this surge, AI16Z has now become the second-largest Crypto AI Agent coin and the biggest one built on Solana, reaching a $513 million market cap.

However, it still trails VIRTUAL by 61%, showing that while AI16Z is gaining traction, VIRTUAL remains the dominant force in this sector.

Are Crypto AI Agents Ready for a Rebound?

The engagement of smart accounts on Crypto AI Agents – wallets linked to KOLs or smart traders – has been steadily declining since January 27. These accounts play a crucial role in the market, as they often indicate where experienced investors are focusing their attention.

A sustained drop in engagement suggests that interest in AI-driven crypto narratives has cooled off, leading to reduced activity in key tokens. However, while engagement is still trending downward, the rate of decline has begun to slow.

If smart account activity stabilizes and eventually starts to rise again, it could signal renewed confidence in the sector.

A resurgence in AI-related hype, similar to the levels seen in previous months, would likely benefit major crypto AI Agent tokens like VIRTUAL, AI16Z, and ARC.

The Ethereum Foundation (EF) today allocated $120 million in ETH tokens to DeFi lending protocols: Aave, Spark, and Compound.

The Foundation has been in a sustained leadership crisis caused by token sales to pay overhead costs. The EF has shown a willingness to respond to the community, but it still faces tough challenges ahead.

Ethereum Foundation Banks on DeFi Lending

The Ethereum Foundation (EF) has been going through a leadership crisis lately. Specifically, it has been selling ETH tokens to pay overhead costs, and an outraged user base has demanded alternate solutions.

Today, the EF found one, transferring tokens worth $120 million into a few DeFi lending protocols.

“We’re grateful for the entire Ethereum security community that has worked diligently to make Ethereum DeFi secure and usable! More to come, including exploring staking. If you have suggestions or ideas for future deployments, reply in the comments below and let us know!” the Ethereum Foundation claimed on social media.

The EF picked three DeFi lending protocols for this allocation, putting 10,000 ETH into Spark and 4,200 into Compound. The rest went to Aave: 10,000 to Aave Prime and 20,800 to Aave Core.

Aave is a popular lending protocol that has been particularly entangled with Ethereum. In the past, it has surged dramatically in response to ETH price moves.

By using these DeFi lending protocols, the EF will be able to reap substantial rewards passively. Based on a 1.5% supply rate, these tokens will earn around $1.5 million annually. The community has responded positively to these changes, and Vitalik Buterin warmly welcomed them on social media.

In some ways, this turn to DeFi is a prime example of the EF actually responding to community pressure. However, the Foundation is still facing a lot of other challenges that will truly put it to the test.

When it comes to specific demands, Buterin has been willing to adapt to community pressure, but he has resolutely refused challenges to his leadership.

Meanwhile, Ethereum’s price has seen a continued decline lately. The market still shows a strong confidence that it will return: ETH ETFs are soaring because traders are buying the dip. Nonetheless, this won’t be enough to create bullish new momentum by itself.

Ultimately, these DeFi lending protocols might make a real difference in changing the EF’s fortunes. By changing tactics here, Ethereum’s leadership has demonstrated a willingness to respond to the community.

Between a show of good faith and strong investor confidence, another small push might start to turn things around for ETH’s market performance.