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GameStop Transfers Entire Bitcoin Holdings

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GameStop has transferred its entire Bitcoin holdings to Coinbase Prime, suggesting a potential plan to sell them all, according to CryptoQuant data, as the exchange often serves as a staging ground for large sales.

Even though the company is yet to confirm a sale, analysts have been quick to describe the timing as consistent with a potential exit from its BTC position.

On January 17, GameStop moved 100 BTC, worth around $9.5 million, and an additional 2,296 BTC on January 20, accounting for 51% of its total BTC treasury, with 4,710 BTC acquired between May 14 and May 23, 2025, spending about $504 million at an average price of $107,900 per coin.

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The BTC hoard remained untouched for months before the abrupt outflow in January 2026, suggesting the move was planned rather than routine.

With the company selling BTC near $90,800, it would lock in roughly $76 million in losses based on the difference between the average purchase price and current market pricing.

GameStop Sale Speculation Amid Caution In The Market

Speculation of an incoming sale by GameStop comes as Bitcoin struggles to regain bullish momentum, trading at $89,534 as of 1:39 a.m. EST, amid indicators pointing to rising sell-side activity.

Data from Coinglass shows that centralized exchanges continue to face a sustained BTC outflow, with 208.95 BTC leaving exchanges in the last 24 hours.

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Meanwhile, US Spot BTC exchange-traded funds (ETFs) recorded net outflows of $103.5 million over the last 24 hours, marking the fifth consecutive day of outflows this week.

The weaker demand comes amid a week of macro uncertainty tied to President Donald Trump’s renewed tariff threats, as investors turned to safe-haven assets like gold and silver, both of which have hit new all-time highs.

Meanwhile, GameStop’s stock moved in a different direction with the sale, with the company’s shares trading at around $23.28 after a 1.26% jump in the last 24 hours.

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Anthropic Accuses Three Firms of Using Sophisticated Distillation Attacks

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Anthropic Accuses Three Firms of Using Sophisticated Distillation Attacks

Artificial intelligence firm Anthropic has accused three AI firms of illicitly using its large language model Claude to improve their own models in a technique known as a “distillation” attack.

In a blog post on Sunday, Anthropic said that it had identified these “attacks” by DeepSeek, Moonshot, and MiniMax, which involve training a less capable model on the outputs of a stronger one.

Anthropic accused the trio of generating “over 16 million exchanges” combined with the firm’s Claude AI across “approximately 24,000 fraudulent accounts.” 

“Distillation is a widely used and legitimate training method. For example, frontier AI labs routinely distill their own models to create smaller, cheaper versions for their customers,” Anthropic wrote, adding: 

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“But distillation can also be used for illicit purposes: competitors can use it to acquire powerful capabilities from other labs in a fraction of the time, and at a fraction of the cost, that it would take to develop them independently.”

Anthropic said that the attacks focused on scraping Claude for a wide range of purposes, including agentic reasoning, coding and data analysis, rubric-based grading tasks, and computer vision. 

“Each campaign targeted Claude’s most differentiated capabilities: agentic reasoning, tool use, and coding,” the multi-billion-dollar AI firm said. 

Source: Anthropic

Anthropic says it was able to identify the trio via an “IP address correlation, request metadata, infrastructure indicators, and in some cases corroboration from industry partners who observed the same actors and behaviors on their platforms.”

DeepSeek, Moonshot, and Minimax are all AI companies based in China. All three have estimated valuations in the multi-billion dollar range, with DeepSeek being the most widely internationally recognized out of the three. 

Beyond the intellectual property implications, Anthropic argued that distillation campaigns from foreign competitors present genuine geopolitical risks. 

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“Foreign labs that distill American models can then feed these unprotected capabilities into military, intelligence, and surveillance systems—enabling authoritarian governments to deploy frontier AI for offensive cyber operations, disinformation campaigns, and mass surveillance,” the firm said.