Crypto World
Eid Crypto Trends: Bitcoin Holds Near $70K as Seasonal Patterns Reappear
TLDR:
- Bitcoin trades near $70K ahead of Eid 2026, aligning with recent consolidation ranges.
- Historical Eid periods show mixed outcomes despite recurring increases in trading activity.
- Market participation often rises during Eid due to higher liquidity and festive spending.
- Price movements during Eid reflect broader cycles rather than fixed seasonal direction.
Bitcoin is trading near $70,000 as Eid 2026 approaches, reflecting steady market conditions. Historical data show that Eid periods often bring increased activity, though price direction varies each year depending on broader market cycles and liquidity conditions.
Bitcoin Holds Near $70K Ahead of Eid 2026
Recent market data places Bitcoin at $69,764.71, with a 0.23% daily increase. Estimates suggest a range between $65,000 and $75,000 during Eid 2026. This aligns with the consolidation seen throughout March.
A post from Syndicate Official noted similar expectations. The tweet pointed to current trading levels between $68,000 and $70,000. Such projections reflect cautious market positioning ahead of the holiday period.
Compared to past Eid cycles, current levels remain elevated. In 2024, Bitcoin traded near $69,350 during Eid. Meanwhile, 2023 and 2022 recorded lower levels at $27,270 and $38,520. This contrast shows stronger market positioning entering 2026.
Earlier cycles also showed upward movement. Bitcoin reached $2,590 in 2017 and $8,720 in 2020 during Eid periods. These shifts followed broader market expansions rather than isolated seasonal drivers.
Comparing Past Eid Cycles and Market Behavior
Historical patterns show increased trading activity during Eid. Liquidity often rises due to bonuses and festive spending. As a result, short-term buying pressure tends to increase during this period.
However, price direction has not remained consistent. While some years recorded gains, others showed declines despite higher participation. This indicates that external market conditions continue to guide price movement.
Social media discussions frequently mention the “Eid effect” in crypto markets. These narratives often point to higher retail engagement. Still, data suggest that broader trends remain the dominant factor in price behavior.
Institutional players also monitor these periods closely. Increased retail activity can create short bursts of volatility. Even so, overall direction depends on macro trends and ongoing market cycles.
Crypto hardware provider Ledger has appointed former Circle executive John Andrews as chief financial officer and opened a New York office as part of its US expansion. Andrews previously led capital markets and investor relations at Circle.
According to Friday’s announcement, the New York office is part of a multi-million-dollar investment in Ledger’s US operations and will create dozens of roles across enterprise and marketing teams. It will serve as a hub for the company’s institutional business, including its Ledger Enterprise platform, which provides custody and governance tools for digital assets.
The expansion comes as the company says demand is growing from banks, asset managers, custodians and stablecoin issuers seeking secure digital asset infrastructure.
In January, reports indicated that Ledger was exploring a US initial public offering that could value the French company at more than $4 billion, with discussions involving Goldman Sachs, Jefferies and Barclays. In 2025, the company reported a record year in terms of revenue.
Related: Nasdaq partners with Kraken for issuer-centric tokenized equities
Crypto IPOs expected in 2026
Ledger’s expansion comes as a growing number of crypto companies explore public listings in 2026.
In November, Animoca Brands founder Yat Siu told Cointelegraph the company is targeting a public listing through a reverse merger this year, positioning it as a vehicle for exposure to the broader crypto market.
In March, digital asset wealth platform Abra announced plans to go public via a reverse merger with special purpose acquisition company New Providence Acquisition Corp. III, valuing the company at $750 million.
Kraken, one of the larger US-based crypto exchanges, has been the subject of IPO speculation since 2024. On Nov. 18, the company reached a $20 billion valuation following an $800 million funding round, and less than a day later, confidentially filed a draft registration statement with the Securities and Exchange Commission for a potential public offering.
However, the filing came less than a week after co-CEO Arjun Sethi said the exchange was not “racing” to go public. This week, Reuters reported that Kraken has paused its IPO plans until market conditions improve.
In 2025, crypto and AI-related IPOs returned 13.9% on a weighted average basis, underperforming the S&P 500’s 16% gain.
Magazine: All 21 million Bitcoin is at risk from quantum computers
BlackRock moved 47,728 ETH and 544 BTC worth about $140m to Coinbase Prime on March 20, as markets sit on heavy leverage and looming liquidation levels.
Summary
- BlackRock transferred 47,728 ETH (≈$102m) and 544 BTC (≈$38.3m) to Coinbase Prime on March 20, signaling continued large-scale crypto engagement.
- The move comes as Coinglass data shows roughly $1.8b in BTC longs could be liquidated if price drops below $65,181, with similar pressure building in ETH.
- While the transfer could reflect custody or portfolio rebalancing rather than outright selling, traders are watching it as a proxy for institutional sentiment.
BlackRock, the world’s largest asset manager, transferred approximately $140 million worth of Bitcoin (BTC) and Ethereum (ETH) to Coinbase Prime on March 20, according to on-chain monitoring by Lookonchain. The move involved 47,728 ETH valued at roughly $102 million and 544 BTC worth approximately $38.3 million — a combined deposit that underscores the firm’s continued and active engagement with digital asset markets.
Coinbase Prime is the institutional custody and trading arm of Coinbase, purpose-built for large-scale clients such as hedge funds, asset managers, and sovereign wealth vehicles. Transfers of this magnitude into Prime are typically associated with portfolio rebalancing, preparation for over-the-counter trades, or adjustments to custody arrangements — though the precise intent behind the movement has not been disclosed.
The timing is notable. Both Bitcoin and Ethereum have been under moderate pressure in recent sessions, with BTC trading around $69,700 and ETH hovering near $2,130. Coinglass data published earlier today flagged significant liquidation risk on both assets: more than $1.87 billion in BTC longs could be wiped out if the price drops below $66,827, while ETH faces over $1.2 billion in long liquidations below the $2,029 level. Against this backdrop, the movement of significant institutional capital into a prime brokerage platform invites speculation about whether BlackRock is positioning for a directional trade or simply managing operational custody.
BlackRock entered the crypto space aggressively in 2023 with the filing of its spot Bitcoin ETF application, eventually launching the iShares Bitcoin Trust (IBIT) — which rapidly became one of the fastest-growing ETF products in history. The firm subsequently launched a spot Ethereum ETF, further deepening its exposure to digital assets. Since then, on-chain observers have tracked BlackRock-affiliated wallet activity closely as a proxy for institutional sentiment.
Large deposits into Coinbase Prime do not automatically translate into selling pressure on the open market. Institutional players of BlackRock’s scale routinely move assets between custody solutions for operational, compliance, or risk management reasons. However, given current market conditions — with Bitcoin struggling to confirm a clean directional trend and open interest data suggesting range-bound behavior — any hint of institutional distribution tends to be scrutinized carefully by traders.
What the transfer does confirm, regardless of intent, is that BlackRock remains one of the most active institutional participants in the crypto market. Its continued on-chain activity serves as a reminder that the integration of traditional finance and digital assets is no longer hypothetical — it is a daily operational reality, playing out in real time on public blockchains for anyone to see.
The FBI and Thai police froze about $580m in crypto and seized 8,000 phones in a joint strike on Southeast Asian pig butchering gangs targeting American victims.
Summary
- U.S. federal agents and Thai police froze roughly $580 million in crypto and confiscated around 8,000 phones used by organized scam gangs targeting Americans.
- The operation hits Southeast Asian pig butchering networks that run factory-sized fraud compounds, often staffed by trafficking victims forced to run fake crypto investment scams.
- Authorities say the scale of the seizure shows both the industrial nature of crypto fraud and how advanced on-chain tracing is becoming for dismantling these networks at the infrastructure level.
United States federal law enforcement and Thai authorities have jointly frozen approximately $580 million in cryptocurrency assets as part of a sweeping international operation targeting organized fraud gangs preying on American victims, according to intelligence monitoring service Solid Intel.
The operation, conducted in coordination between the FBI and the Royal Thai Police, also resulted in the seizure of around 8,000 mobile phones — a scale that points to the industrialized, factory-like nature of modern crypto fraud networks. These devices are typically used by fraud operators to manage large volumes of simultaneous scam conversations, impersonate contacts, and move stolen funds across multiple wallets and exchanges in rapid succession.
The $580 million figure places this operation among the largest cryptocurrency seizures ever executed in a single enforcement action, underscoring the enormous scale at which crypto-enabled fraud has grown as a global criminal enterprise. Southeast Asia has emerged over the past several years as a key operational hub for these networks, with countries including Myanmar, Cambodia, Laos, and Thailand hosting compounds where fraud workers — many of them trafficking victims themselves — are compelled to run scams targeting victims in the United States, Europe, and beyond.
The dominant fraud typology in this region is so-called “pig butchering” — a form of long-con investment fraud in which criminals build trust with victims over weeks or months through romantic or social connections before luring them into fake cryptocurrency investment platforms. Victims are encouraged to make increasingly large deposits, shown fabricated returns, and ultimately stripped of their funds when they attempt to withdraw. The use of crypto as the payment rail is deliberate: it enables rapid cross-border transfers, is difficult to reverse, and can be quickly obfuscated through mixing services and chain-hopping techniques.
The FBI’s engagement in Thailand reflects a broader strategic shift in how U.S. law enforcement approaches crypto crime internationally. Rather than pursuing individual actors after the fact, agencies have increasingly moved toward proactive, coordinated operations with foreign partners designed to dismantle the infrastructure of fraud at source. The freezing of $580 million in assets — rather than simply identifying suspects — suggests authorities have developed sophisticated on-chain tracing capabilities that allow them to track and lock funds even across complex multi-hop transaction chains.
For the crypto industry, the operation sends a dual message. On one hand, it demonstrates that blockchain’s inherent transparency remains a powerful tool for law enforcement. On the other, it highlights that crypto’s utility as a frictionless, borderless payment system continues to be systematically exploited by criminal networks at a scale that demands ongoing vigilance from exchanges, regulators, and the broader ecosystem.
Bitcoin’s latest recovery toward $69,700 is unfolding with almost no change in futures open interest, a pattern CoinGlass says fits a range-bound, leverage-heavy market rather than the start of a durable bullish trend.
Summary
- CoinGlass notes that open interest rose as Bitcoin fell to about $68,750, signaling shorts adding into weakness, then barely changed during the rebound near $69,700.
- BTC now trades between a long-liquidation pocket below $66,827, where roughly $1.878b in longs sit, and a short-squeeze zone above $73,757 holding about $1.062b in shorts.
- Macro headwinds, a VIX spike to 25.44, Middle East tensions, and BlackRock’s $140m Coinbase Prime deposit leave traders watching price–OI alignment for the next real trend.
Bitcoin’s (BTC) recent price recovery is showing signs of weakness under the hood, with on-chain and derivatives data suggesting the rebound is not backed by genuine buying demand — and that the market may be settling into a period of directionless consolidation rather than staging a meaningful trend reversal.
That is the assessment of CoinGlass, a leading crypto derivatives analytics platform, which flagged a telling divergence in Bitcoin’s open interest data during the most recent price swing. According to the firm, during yesterday’s decline, Bitcoin’s open interest actually increased as the price fell — a classic signal that short sellers were actively adding new positions into the weakness rather than capitulating. The move ultimately found a floor around $68,750 before prices bounced.
However, the subsequent recovery has done little to shift the underlying picture. Open interest has shown almost no significant change during the rebound, which CoinGlass interprets as a sign that the recovery is not being driven by an influx of new long positions. In other words, buyers have not stepped in with conviction — the price has risen, but the market has not built fresh bullish infrastructure to support it.
This type of pattern — where a price decline attracts short sellers, followed by a tepid recovery that fails to attract new longs — is characteristic of range-bound markets. Rather than a trend reversal gathering momentum, it more closely resembles a market grinding between established support and resistance levels, waiting for a catalyst to break the impasse in either direction.
The broader context makes this reading more significant. Bitcoin is currently trading around $69,700, sandwiched between a critical long liquidation zone below $66,827 — where Coinglass estimates $1.878 billion in leveraged longs would be forced to close — and a short squeeze level above $73,757, where $1.062 billion in short positions sit exposed. With the market coiled between these two clusters of leveraged exposure, the next decisive move could be amplified significantly by cascading liquidations on whichever side breaks first.
For traders, the implication is a market that punishes directional bets in either direction until conditions change. Macro factors add to the uncertainty: U.S. equity markets opened lower, the VIX fear gauge climbed to 25.44, and geopolitical tensions in the Middle East continue to simmer with no clear resolution in sight. Institutional flows, meanwhile — such as BlackRock’s $140 million deposit into Coinbase Prime earlier today — have yet to produce a clear directional signal.
CoinGlass concluded its note with a straightforward directive: watch the relationship between Bitcoin’s price and open interest closely. When the two begin moving in tandem — prices rising alongside growing OI, or falling with declining OI — that will be the signal that a genuine trend is emerging from the noise.
Bitcoin’s mining difficulty is set to drop about 7.5% tonight, the sharpest fall since the 2022 bear, as hash rate leaves the network and miner margins get relief.
Summary
- CoinWarz estimates difficulty will fall from 145.04 trillion to 134.09 trillion at around 20:51 UTC, a roughly 7.55% drop and the steepest since the 2022 bear phase.
- The adjustment reflects slower blocks at about 10.82 minutes on average as unprofitable miners switch off, compressing hash price and forcing out higher-cost operators.
- A drop of this size often signals miner capitulation; weaker players exit while survivors gain share and margins, potentially reducing forced sell pressure on BTC down the line.
Bitcoin’s (BTC) mining difficulty is on the verge of its steepest downward adjustment in years, with the network recalibration expected to take place tonight at approximately 20:51 UTC (21:51 CET). According to live data from CoinWarz, difficulty will fall from the current level of 145.04 trillion to an estimated 134.09 trillion — a decline of roughly 7.55%.
If confirmed, this will be the largest single difficulty drop since China’s 2021 mining ban triggered a mass exodus of hash rate, and it would rival — or exceed — the severity of drops seen during the depths of the 2022 bear market, according to analysis from The Miner Mag. The adjustment covers the current 2,016-block epoch, during which average block times have stretched to approximately against the 10-minute target — a clear signal that hash rate has been leaving the network at a meaningful pace.
The timing could hardly be more pointed. Bitcoin has fallen roughly 10% from the $76,000 level it briefly tested earlier this month, and is currently trading around $69,600. For miners operating on thin margins, the combination of a lower BTC price and the same — or higher — difficulty level creates a brutal squeeze on profitability. Hash price, a key metric measuring expected revenue per unit of computing power, has been compressed for weeks, forcing less efficient operators to scale back or shut down rigs entirely.
The outgoing hash rate is the direct cause of this adjustment. When miners go offline — whether due to unprofitable economics, rising energy costs, or hardware upgrades — blocks take longer to find. The Bitcoin protocol detects this slowdown over the 2,016-block window and automatically lowers the difficulty target to bring block production back toward the intended 10-minute interval. It is a self-correcting mechanism that has operated without interruption since Bitcoin’s earliest days.
For surviving miners, the adjustment delivers immediate relief. A lower difficulty means less computational effort is required per block, reducing the effective cost of mining each BTC. All else equal, the ~7.5% drop will improve miner revenue margins proportionally — a meaningful lifeline for operations that have been grinding through a period of compressed hash price and falling BTC revenue in USD terms.
The broader market implication is also worth watching. Difficulty drops of this magnitude have historically coincided with miner capitulation phases — periods when the weakest hands exit the network, after which the remaining miners consolidate market share and cost structures improve. Historically, such capitulation events have preceded price recoveries, as the sell pressure from distressed miners eases. Whether that pattern holds in the current macro environment — marked by Middle East tensions, risk-off equity markets, and a cautious Federal Reserve — remains to be seen. But tonight’s difficulty adjustment will at minimum reset the playing field for Bitcoin’s mining industry heading into the weekend.
Robert Kiyosaki says an imminent “biggest financial bubble in history” will end in a crash that sends Bitcoin to $750k and Ethereum to $95k within a year, even as critics doubt his methods.
Summary
- Kiyosaki argues a financial bubble inflated since 2008 will soon burst and forecasts Bitcoin at $750,000 and Ethereum at $95,000 within one year of that crash, alongside gold at $35,000 and silver at $200.
- He frames BTC, ETH, gold, and silver as scarce “escape hatches” from fiat, noting he recently bought another 1 BTC around $67,000 and claims he would still buy more even if price fell to $6,000.
- Critics highlight his decade-long record of missed crash calls and say his numbers lack rigorous modeling, but his alarm now lands amid tighter Fed policy and rising geopolitical risk.
Robert Kiyosaki, the author of Rich Dad Poor Dad and one of the crypto space’s most vocal mainstream advocates, has issued his most dramatic price predictions yet — forecasting Bitcoin (BTC) at $750,000 and Ethereum at $95,000 within one year of what he describes as an imminent and catastrophic global financial crash.
Speaking on X, Kiyosaki framed his outlook around the thesis that the world is approaching the “biggest financial bubble in history” — one he argues has been inflating since the root causes of the 2008 financial crisis were papered over with stimulus and monetary expansion rather than resolved structurally. His message was unambiguous: the question is no longer whether a crash will happen, but when.
The post-crash price targets Kiyosaki outlined are striking in their scale. For Bitcoin, he projects a rise to $750,000 per coin within a year of the collapse — a roughly 10x move from current levels near $69,900. For Ethereum, his target of $95,000 implies an approximately 45x gain from where ETH trades today at around $2,130. He also projected gold reaching $35,000 per ounce and silver hitting $200 in the same post-crash window — suggesting a broad revaluation of scarce, non-sovereign assets as confidence in fiat currencies erodes.
The underlying logic Kiyosaki applies is consistent with his long-held worldview: when the traditional financial system fractures, assets with capped supply or physical scarcity — Bitcoin, gold, silver — will be the primary beneficiaries of the capital flight that follows. He has continued to put his money where his mouth is, most recently disclosing the purchase of an additional 1 BTC at approximately $67,000, and stating he would consider buying more if prices fell to $6,000.
Critics, however, are quick to note the limitations of Kiyosaki’s track record. His crash predictions span more than a decade, with calls for collapses in 2016 and 2020 that did not materialize as forecast. One response to his latest post on X summarized the skeptical view plainly: his forecasts are “big numbers to grab attention,” lacking the methodological grounding of rigorous financial analysis. Others pointed out that major crashes rarely stem from a single trigger, but rather from compounding pressures — tighter monetary policy, credit contraction, and forced asset repricing — a dynamic already partly visible in current market conditions.
That said, Kiyosaki’s warnings land at a moment when macro conditions are unusually fraught. The Federal Reserve held rates steady this week while signaling fewer cuts ahead. Geopolitical tensions in the Middle East are escalating. Bitcoin’s 30-day correlation with equities is at its highest of 2026. Whatever one thinks of his methodology, the macro backdrop he has been warning about for years looks more plausible today than at any point in recent memory.
Key Takeaways
- Coinbase generated $6.9B in total revenue for 2025 with $1.26B net profit, though Q4 showed a net loss
- Robinhood achieved all-time high 2025 revenue of $4.5B and record diluted EPS of $2.05
- Coinbase operates as a dedicated cryptocurrency exchange; Robinhood diversifies across crypto, equities, derivatives, and memberships
- Analysts assign Coinbase a Hold rating while Robinhood receives a Moderate Buy
- Average analyst price targets: Coinbase at $272.31, Robinhood at $120.59
When it comes to cryptocurrency-linked equities, Coinbase and Robinhood dominate investor conversations. However, these platforms represent fundamentally distinct investment opportunities with contrasting business models.
Coinbase operates as a dedicated cryptocurrency platform. The company’s core revenue drivers include digital asset trading, stablecoin operations, institutional custody services, and blockchain infrastructure solutions. The business thrives during bull markets but can experience significant headwinds when crypto sentiment deteriorates.
Robinhood functions as a comprehensive retail investment ecosystem. Revenue flows from equity trading, derivatives, cryptocurrency transactions, premium memberships, and interest earnings. While crypto contributes meaningfully, it represents just one component of a diversified revenue model.
Throughout 2025, Coinbase recorded approximately $6.9 billion in net revenue. Transaction fees contributed roughly $4.1 billion, while subscription-based and service offerings generated $2.8 billion. Annual net income reached approximately $1.26 billion.
Yet Coinbase’s fourth quarter 2025 performance highlighted the business’s inherent volatility. Despite annual profitability, the company posted a quarterly net loss, underscoring its continued dependence on fluctuating trading activity.
Robinhood Delivers Breakthrough Performance
Robinhood experienced an exceptional 2025 fiscal year. The platform reported all-time high revenue of $4.5 billion, with Q4 alone contributing $1.28 billion. Annual diluted earnings per share reached a record $2.05, while Q4 EPS came in at $0.66.
The company also attracted unprecedented net deposits totaling $68 billion throughout 2025. Its premium offering, Robinhood Gold, expanded to 4.2 million paying subscribers.
These metrics demonstrate a platform successfully evolving beyond simple trade execution into a comprehensive financial services provider. This diversification strategy provides insulation when individual market segments experience downturns.
Wall Street Analyst Perspectives
Current Wall Street consensus assigns Coinbase a Hold rating. According to MarketBeat tracking, the stock carries 19 Buy recommendations, 11 Hold ratings, and 3 Sell calls. The average analyst price target sits at $272.31.
Robinhood commands a Moderate Buy consensus rating. Analyst coverage includes 17 Buy ratings, 6 Hold recommendations, and 1 Sell call. The consensus target price stands at $120.59.
Essentially, the analyst community exhibits slightly greater optimism toward Robinhood presently. Coinbase receives more cautious treatment due to its concentrated exposure to cryptocurrency market fluctuations.
The bullish thesis for Coinbase centers on pure-play cryptocurrency exposure. When digital asset trading accelerates or stablecoin adoption increases, Coinbase captures upside across multiple business segments.
The bearish counterargument focuses on earnings volatility. Financial results can swing dramatically based on market conditions, exemplified by the Q4 quarterly loss despite full-year profitability.
Regarding Robinhood, the optimistic case emphasizes platform diversity. Multiple independent revenue channels reduce dependence on any single market segment.
The skeptical perspective questions valuation and growth sustainability. Should user acquisition or product innovation decelerate, the premium valuation investors currently assign may contract.
Robinhood Gold membership climbed to 4.2 million subscribers in 2025, while the platform captured record net deposits of $68 billion annually.
Bottom Line
Both equities provide cryptocurrency market exposure through distinctly different mechanisms. Coinbase represents the higher-volatility, potentially higher-return pure cryptocurrency play. Robinhood offers greater stability through diversification. The optimal selection depends on your individual risk tolerance and investment objectives.
Key Highlights
- Q4 2025 earnings scheduled for pre-market release on March 24, 2026
- Wall Street consensus: $0.37 earnings per share (compared to $0.30 last year) and $1.47 billion in revenue (15% year-over-year increase)
- Shares have gained approximately 14% in 2026, currently trading near $23.27 within a 52-week span of $19.93–$35.81
- Balance sheet features $8.8 billion cash reserves plus Bitcoin assets valued at roughly $519 million
- Insider buying totaled 517,000 shares over three months; consensus analyst rating stays at “Reduce” with $13.50 price objective
GameStop enters its fourth-quarter fiscal 2025 earnings announcement riding positive momentum. Shares have climbed about 14% since January, driven by revived retail investor interest and confidence in CEO Ryan Cohen’s transformation plan.
The financial release is scheduled for Tuesday morning, March 24, followed by a conference call at 4:00 PM Eastern Time.
Analyst consensus calls for earnings per share of $0.37, representing growth from the $0.30 figure reported in the corresponding period last year. Top-line expectations stand at $1.47 billion, which would mark a 15% year-over-year expansion, based on TipRanks compilation.
This forecast represents a notable improvement over the third quarter, when GameStop delivered adjusted earnings of $0.24 per share — surpassing the $0.18 projection — while revenue declined 4.6% year-over-year to $821 million. The revenue shortfall highlighted persistent challenges from the gaming industry’s ongoing digital transformation.
Shares currently hover around $23.27, bracketed by a 52-week trading range spanning $19.93 to $35.81. Technical indicators show the 50-day moving average at $23.34 and the 200-day at $23.11. The company carries a market capitalization of $10.43 billion, with a price-to-earnings multiple of 28.38 and volatility coefficient (beta) of 2.12.
Critical Investor Considerations
Investors are concentrating on three primary factors as the earnings date approaches. First, developments regarding GameStop’s cryptocurrency treasury initiative — specifically acquisition volumes and valuation implications. Second, evidence of sustainable top-line expansion after consecutive quarters of revenue contraction. Third, management commentary from Cohen regarding capital deployment plans, particularly potential merger and acquisition activity.
GameStop’s financial position commands attention. The retailer concluded Q3 holding $8.8 billion in cash and marketable securities, nearly doubling the $4.6 billion reported twelve months prior. Additionally, the company maintained Bitcoin holdings valued at approximately $519 million — an intentional element of its treasury management approach.
Liquidity metrics remain robust, with the quick ratio reaching 9.77 and the current ratio standing at 10.39, indicating strong financial stability despite ongoing revenue headwinds.
Wall Street Sentiment and Internal Trading Activity Show Divergence
Analyst perspectives remain conservative. Weiss Ratings elevated GME from “sell (D+)” to “hold (C-)” during February. However, the MarketBeat consensus rating continues at “Reduce,” accompanied by a $13.50 price target — substantially below present market prices.
Insider transactions paint a contrasting picture. Throughout the previous 90 days, company insiders executed net purchases totaling 517,000 shares valued at approximately $10.9 million. Director Lawrence Cheng acquired 5,000 shares at $22.87 during January. Conversely, General Counsel Mark Robinson divested 12,200 shares at $21.00 in the identical timeframe, reducing his stake by 10.4%.
Institutional investors control 29.21% of outstanding shares. Multiple asset managers — including Panagora Asset Management and UMB Bank — incrementally expanded their holdings during the third and fourth quarters.
GME concluded fiscal Q4 2025 with Bitcoin assets approximating $519 million, and investors will scrutinize whether March 24’s financial data justifies the year-to-date price appreciation.
Bitcoin searches for equilibrium at $70,000 while rising crude oil prices and tanking stock markets have investors worried over the future of inflation in the US.
Bitcoin’s (BTC) swift rejection from its $76,000 range high on Tuesday, and the subsequent sell-off below $70,000, raised concerns among traders that the bottom is not in for BTC.
Chartered market technician Aksel Kibar suggested that a bearish wedge pattern similar to the one seen from December 2025 to early January 2026 may be forming again.
Kibar said,
“Breakdown of the lower boundary will be the signal for a possible move towards $52.5K.”
Kibar also referenced an X social post from Jan. 18, 2026, where he explained that BTC would need to respect its year-long average as “part of the chop and search for a base.”
Kibar said that “the pattern can become a rising wedge, usually bearish in an attempt to test $73.7K-$76.5K support area.”
Bitcoin follows US stocks as high oil prices and rising inflation rock markets
Bitcoin’s tumble below $70,000 followed sharp selling in US stocks, where traders’ concerns over crude oil prices, the cost of the US and Israel-Iran war and its impact on inflation zapped investor confidence.
Related: Bitcoin vs gold shows potential bottom signals as BTC bulls defend $70K
In a post discussing how the current decisions by the Trump administration could impact inflation, The Kobeissi Letter said,
“The market now sees a 50% chance of a US Fed rate HIKE by the end of 2026. Just months ago, markets saw as many as four rate CUTS this year.”
In its BTC Options Weekly report, Glassnode analysts concluded that “Bitcoin has reintegrated its range after a short-lived deviation above the $75K level.”
The analysts explained that within the options market, Bitcoin’s “short gamma at $75K has been unwound.”
“Beneath the pullback, the breakout has lost momentum and range conditions are returning.”
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.
The online gambling conversation used to revolve around a small group of major operators. DraftKings, along with a few other household names, dominated headlines, advertising, and player sign-ups. That has not changed entirely, but something else is happening alongside it. A growing number of players are actively searching for crypto-native alternatives, and platforms like ZunaBet are showing up in those searches with increasing frequency.
This does not mean ZunaBet is about to replace DraftKings. They serve different audiences in different ways. But understanding how they compare reveals a lot about where different segments of the gambling market are heading. Here is what each platform brings and where the differences matter most.
DraftKings: The Household Name
DraftKings grew from a daily fantasy sports startup into one of the biggest legal gambling operators in the United States. It is publicly traded, licensed across multiple US states, and backed by partnerships with major sports leagues and media companies. Its brand recognition is enormous, built on years of advertising during live sports broadcasts and integration into mainstream sports culture.
The sportsbook is the centrepiece. DraftKings covers NFL, NBA, MLB, NHL, soccer, tennis, golf, MMA, and just about every other sport with a significant American following. Live betting, same-game parlays, and regular promotional odds boosts keep the experience engaging for bettors who follow the major leagues closely.
Casino games are available in states that permit online casino gambling. The selection includes slots, table games, and live dealer options from recognized providers. The library is solid within each approved market, but availability and game count vary from state to state based on what local regulators allow.
All transactions at DraftKings run through traditional payment channels. Bank transfers, debit cards, and approved processors handle deposits and withdrawals. Full identity verification is required before any wagering can take place. These are standard conditions for any operator working within the US legal framework.
The loyalty program operates under the Dynasty Rewards banner. Players collect Crowns through wagering, which convert into DK Dollars at fixed rates. Multiple tiers exist, and the system provides some return on play. However, the actual percentage returned to players is modest, and the structure is designed more to encourage continued betting volume than to deliver substantial cashback.
DraftKings excels at what it was built for: serving American sports bettors within a regulated, fiat-based environment. For that specific audience, it is one of the best products available. But its design leaves gaps for players who want something different.
ZunaBet: Filling Those Gaps
ZunaBet launched in 2026 and was purpose-built for a different kind of player. It is operated by Strathvale Group Ltd, registered in Belize, and holds an Anjouan gaming license (ALSI-202510047-FI2). The founding team carries more than 20 years of combined experience across the online gambling industry.
The first thing that separates ZunaBet from a platform like DraftKings is the game count. ZunaBet hosts 11,294 games from 63 different providers. That library includes titles from Pragmatic Play, Hacksaw Gaming, Evolution, Yggdrasil, BGaming, and many more. Slots lead the catalog, but RNG table games and live dealer rooms with professional hosts contribute meaningful depth. No single US-regulated platform comes close to matching this number, primarily because regulatory requirements cap what can be offered in any given state.
The sportsbook at ZunaBet runs as a full product alongside the casino. Coverage spans football, basketball, tennis, NHL, and other major leagues. Esports betting goes deep with markets for CS2, Dota 2, League of Legends, and Valorant. Virtual sports and combat sports add categories that traditional sportsbooks often overlook. The entire offering operates as an integrated platform where switching between a casino session and a sports bet takes seconds.
Payments are crypto-first. ZunaBet accepts over 20 cryptocurrencies: BTC, ETH, USDT across multiple blockchain networks, SOL, DOGE, ADA, XRP, and additional tokens. The platform charges no processing fees, and withdrawals move quickly. Players use whatever coin they already hold in their wallet.
The welcome bonus package reaches up to $5,000 in matched deposits plus 75 free spins over three deposits. The breakdown is clean: 100% match up to $2,000 and 25 spins on the first deposit, 50% up to $1,500 and 25 spins on the second, and 100% up to $1,500 and 25 spins on the third. No progressive unlock systems or points-based release mechanics. Just clear matched deposits spread across three visits.
Native apps exist for iOS, Android, Windows, and MacOS. The web platform runs on HTML5 with a dark interface, responsive layout, and fast performance. Live chat support is available at all hours.
Games: Regulation Creates a Ceiling
DraftKings operates under state-by-state licensing in the US. Each state has its own gaming commission that approves which providers and games can appear on the platform. The result is that game libraries differ depending on where a player is located, and the total count in any single state is a fraction of what an internationally operating platform can offer.
ZunaBet does not face those constraints. With 63 providers contributing to the platform, the game catalog runs deeper and wider than what any single regulated US market permits. Players get access to studios and titles that may never appear on DraftKings due to licensing limitations. For anyone who values having the broadest possible range of games available at any time, the structural advantage sits firmly with ZunaBet.
This is not a criticism of DraftKings. The company operates within the rules of its markets. But it does illustrate why players looking for maximum variety often end up exploring platforms outside the traditional regulatory framework.
Sportsbook: Built for Different Audiences
DraftKings has one of the best sportsbooks in the US market. Coverage of American sports is excellent, the live betting product is smooth, and the promotional calendar keeps regular bettors engaged. If you want to bet on the Super Bowl, March Madness, or the World Series within a legal, regulated environment, DraftKings handles that about as well as anyone.
ZunaBet’s sportsbook takes a more global approach. Mainstream sports are well covered, but the platform also invests heavily in esports markets. Dedicated betting options for CS2, Dota 2, League of Legends, and Valorant reflect a deliberate choice to serve the growing audience of younger bettors who follow competitive gaming as closely as traditional sports. Virtual sports and combat sports fill out the rest of the lineup.
The audiences these sportsbooks serve overlap in places but diverge in others. DraftKings is optimized for American sports culture. ZunaBet is built for a global, digitally native audience that bets across categories. Neither approach is wrong, but one is more future-facing than the other as the betting audience continues to get younger and more internationally connected.
Bonuses: Structured vs Variable
DraftKings runs frequent promotions tied to specific sporting events. Odds boosts, deposit matches on certain occasions, and free bet offers appear regularly. The specifics change often, which keeps things interesting but can also make it difficult for players to plan around a consistent offer.
ZunaBet goes with a fixed welcome structure. Up to $5,000 across three deposits plus 75 free spins. First deposit gets 100% up to $2,000 and 25 spins. Second gets 50% up to $1,500 and 25 spins. Third gets 100% up to $1,500 and 25 spins. The offer does not change from week to week. Players know what they are getting before they sign up, and the three-deposit format gives them a reason to come back without adding any confusion.
Both approaches have their logic. But for players who prefer knowing exactly what a platform will give them upfront, ZunaBet’s transparency is appealing.
Loyalty: Volume vs Value
DraftKings Dynasty Rewards tracks wagering through Crowns, which convert to DK Dollars. The system has tiers and provides incremental returns. It functions as a standard rewards program that gives something back to active players, though the actual return rate stays relatively low across all tiers.
ZunaBet built its loyalty program around a dragon evolution concept featuring a mascot named Zuno. Six tiers carry defined rakeback percentages: Squire at 1%, Warden at 2%, Champion at 4%, Divine at 5%, Knight at 10%, and Ultimate at 20%. Each tier adds additional perks including free spins scaling to 1,000, VIP club access, and double wheel spins.
The contrast is significant. DraftKings rewards continued betting with modest returns. ZunaBet rewards continued betting with escalating returns that top out at 20% rakeback. For regular players comparing the long-term value of sticking with one platform, ZunaBet’s program returns substantially more at every level. That 20% ceiling is not standard in this industry. It is exceptional, and it gives serious players a financial reason to commit to ZunaBet over other options.
Payments: Two Different Worlds
DraftKings handles all transactions through traditional financial channels. Bank accounts, cards, and approved processors move money in and out. Deposits are generally quick, but withdrawals can involve waiting periods depending on the method. Identity verification is mandatory for every account.
ZunaBet runs entirely on crypto. More than 20 coins are accepted, including stablecoins on multiple chains. No platform fees are charged. Withdrawals are fast. There is no requirement to connect a bank account or go through the kind of identity verification that fiat platforms demand.
These are fundamentally different experiences. Players who operate within the traditional banking system and value regulatory oversight will naturally lean toward DraftKings. Players who hold crypto and want the speed, flexibility, and privacy that comes with it will find ZunaBet a far better fit. As crypto adoption continues to grow, the audience for platforms like ZunaBet grows with it.
What the Momentum Suggests
DraftKings has a locked-in position in the US gambling market. Its brand recognition, regulatory licenses, sports partnerships, and advertising spend ensure it will remain a dominant force for years to come. That is not in question.
What is worth watching is the growing interest in platforms like ZunaBet among a segment of the market that DraftKings was never designed to serve. Crypto-native players, international audiences, esports bettors, and players who want massive game libraries and generous loyalty returns are actively searching for alternatives. ZunaBet meets those players exactly where they are.
More games than any regulated US platform can offer. More cryptocurrency options than most crypto casinos provide. A sportsbook that covers traditional and emerging betting markets. A welcome bonus that is straightforward and generous. And a loyalty program that returns up to 20% to its most committed players.
DraftKings owns the present of mainstream American sports betting. ZunaBet is building something for the next generation of gamblers who think differently about payments, play differently across game categories, and expect more back from the platforms they choose. The search momentum suggests that audience is growing, and ZunaBet is exactly what they have been looking for.
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