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Stablecoins

Stablecoins are digital assets pegged to a stable reserve, such as the US Dollar or Gold, to minimize price volatility. Serving as the primary medium of exchange in Web3, tokens like USDT, USDC, and PYUSD facilitate global payments and DeFi liquidity. In 2026, the focus has shifted toward yield-bearing stablecoins and compliant stablecoin frameworks under global regulations like MiCA. This tag covers the intersection of traditional finance (TradFi) and crypto through stable on-chain liquidity solutions.

23356 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
GameSquare CryptoPunk NFT Bet: $5.15M Cowboy Ape Deal Brings Leshner Onboard

GameSquare CryptoPunk NFT Bet: $5.15M Cowboy Ape Deal Brings Leshner Onboard

GameSquare Holdings, Inc. (Nasdaq: GAME), a media and tech firm focused on Web3, has made a bold move into the world of digital collectibles with a new purchase. GameSquare has acquired the iconic Cowboy Ape #5577 CryptoPunk from DeFi pioneer @rleshner in a $5.15M strategic investment. We also added $10M of ETH to our treasury, bringing total Ethereum treasury holdings to over $52 million. pic.twitter.com/U2LFaPqECm — GameSquare Holdings Inc. (@GSQHoldings) July 24, 2025 In a press release shared with CryptoNews, the firm said it has purchased a rare “Cowboy Ape” CryptoPunk non-fungible token (NFT) from Robert Leshner, founder of Compound and CEO of Superstate. In exchange, GameSquare issued $5.15 million in preferred stock convertible into approximately 3.4 million shares at $1.50 per share. The acquisition marks GameSquare’s first direct NFT investment and is in line with its strategy to build a blockchain-native brand and generate treasury yield through digital assets. CEO Justin Kenna described the Punk as a “grail” investment and emphasized the company’s growing interest in on-chain finance. Alongside the transaction, Leshner has joined GameSquare as a shareholder, bringing his experience in decentralized finance to the table. What Is a CryptoPunk? CryptoPunks are among the earliest NFT collections created on the Ethereum blockchain. Launched in 2017 by software developers Larva Labs, the series includes 10,000 pixelated characters with varying traits. Of these, only 24 are “Ape” Punks—making them among the rarest. The Cowboy Ape (#5577), now part of GameSquare’s treasury, is widely regarded as a standout in the collection. Collectors often view CryptoPunks as digital artifacts that reflect early internet history and the rise of online identity. Building Yield Through NFTs and ETH GameSquare’s NFT purchase is part of its treasury strategy, which seeks to generate 6%–10% returns annually by using stablecoins and other digital assets. The Cowboy Ape will be used in community activations, marketing campaigns, and potential licensing deals, blending culture with capital allocation. GameSquare said it has partnered with 1OF1 AG, led by Web3 investor Ryan Zurrer, to manage the NFT yield program. The firm will also hold the asset and oversee yield generation efforts. GameSquare said it recently purchased $10 million worth of Ethereum—about 2,742.75 ETH at an average price of $3,646. This adds to a growing ETH position now valued at approximately 12,913.49 ETH. The company has invested a total of $45 million in ETH under its $250 million crypto treasury authorization. NFT Market Cap Jumps 21% to $6.3B Overnight The NFT market roared to life on Monday, jumping more than 20% in a single day, with total market cap rising from $5.1 billion to $6.3 billion . After months of stagnation, renewed interest in Ethereum-based collections appears to be driving the sudden revival. A major catalyst came in the form of a high-profile CryptoPunk sweep . According to on-chain data from Lookonchain, a newly created wallet, 0x1bb3, spent 2,082 ETH, or about $5.87 million, to purchase 45 CryptoPunk NFTs within hours. The transaction lit up OpenSea, where the walle t now holds assets valued at over 1,700 ETH, or roughly $6.5 million. $GAME Price Action As of 12:00 p.m. EDT on July 24, shares of GameSquare Holdings Inc. (Nasdaq: GAME) traded at $1.32, marking a 3.94% increase on the day. The stock opened at $1.33, reached a high of $1.44, and dipped to a low of $1.26 during early trading. This intraday movement follows the company’s announcement of the CryptoPunk #5577 acquisition and the onboarding of Leshner as a shareholder, news that appears to have sparked renewed investor interest. GameSquare currently holds a market capitalization of approximately $125.2 million, with a 52-week trading range between $0.50 and $2.87.

Author: CryptoNews

2025/07/25

Ethena Labs, Anchorage Digital team up to make USDtb a GENIUS-compliant stablecoin

Ethena Labs, Anchorage Digital team up to make USDtb a GENIUS-compliant stablecoin

Ethena Labs has partnered with Anchorage Digital, a federally chartered crypto bank, to issue USDtb as the first stablecoin to comply with the U.S.'s recently enacted stablecoin law, the GENIUS Act.

Author: Crypto.news

2025/07/24

Bank of America: U.S. stablecoin supply may increase by $25 billion to $75 billion in the short term due to the GENIUS Act

Bank of America: U.S. stablecoin supply may increase by $25 billion to $75 billion in the short term due to the GENIUS Act

PANews reported on July 24 that according to CoinDesk, Bank of America said that with the passage of the GENIUS Act, the supply of stablecoins is expected to grow by

Author: PANews

2025/07/24

Exclusive interview with Long Fan, founder of Conflux Network: Shanghai and Hong Kong work together to redefine the competitive advantage of China's Web3

Exclusive interview with Long Fan, founder of Conflux Network: Shanghai and Hong Kong work together to redefine the competitive advantage of China's Web3

Article written by: Lesley, MetaEra At the "Shanghai-Hong Kong 'Web3' Complementary Collaborative Development Conference" on July 19, MetaEra's CEO Jessica had an in-depth conversation with Professor Long Fan, the founder

Author: PANews

2025/07/24

Hong Kong to criminalize unlicensed stablecoin promotion from August

Hong Kong to criminalize unlicensed stablecoin promotion from August

PANews reported on July 24 that according to Cointelegraph , Hong Kong will begin to implement the Stablecoin Ordinance on August 1, 2025 , prohibiting the provision or promotion of

Author: PANews

2025/07/24

Hong Kong to criminalize unlicensed stablecoin promotions from Aug. 1

Hong Kong to criminalize unlicensed stablecoin promotions from Aug. 1

Starting Aug. 1, offering or advertising unlicensed stablecoins to retail investors in Hong Kong could land violators with a $50,000 Hong Kong dollars fine and six months in jail.

Author: PANews

2025/07/24

Report: BNB Chain and TRON dominate stablecoin active address usage

Report: BNB Chain and TRON dominate stablecoin active address usage

PANews reported on July 24 that according to the stablecoin report "State of Stablecoins" released by crypto research institution Messari citing Artemis data, as of June 30, 2025, BNB Chain

Author: PANews

2025/07/24

ZRC price soars 50% as Zircuit unveils “Hyperliquid for AI Trading”

ZRC price soars 50% as Zircuit unveils “Hyperliquid for AI Trading”

Zircuit has unveiled a new AI-powered trading product, catalyzing a sharp rally in its ZRC token, which is up over 50% in the past 24 hours. Zircuit (ZRC) has just announced the upcoming launch of its new product the team…

Author: Crypto.news

2025/07/24

Crypto Industry Calls on President Trump to Stop JPMorgan Chase from Imposing “Punishment Taxes” on Data Access

Crypto Industry Calls on President Trump to Stop JPMorgan Chase from Imposing “Punishment Taxes” on Data Access

PANews reported on July 24 that according to CoinDesk, ten major fintech and cryptocurrency industry associations wrote to US President Trump, urging him to stop JPMorgan Chase from charging high

Author: PANews

2025/07/24

Tether eyes U.S. expansion under new stablecoin law but with institutional focus

Tether eyes U.S. expansion under new stablecoin law but with institutional focus

Tether, the world’s largest stablecoin issuer, is preparing to expand its U.S. presence following the recent signing of landmark crypto legislation by President Trump. Tether (USDT) is preparing to expand its business in the U.S. following the recent passage of…

Author: Crypto.news

2025/07/24

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