šŸ“° Who Started the GameStop BTC Rumor?

Ethereum drops below $2K, GameStop shuts down Bitcoin rumors, and Tether pushes for transparency—here’s what mattered

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YOUR DOSE OF CRYPTO WISDOM AND ENTERTAINMENT

Hey HODLers,

It’s been one of those weeks where crypto reminded everyone who’s in charge. Markets dipped, rumors flew, and even AI wasn’t safe. Let’s break it down šŸ‘‡

Money Losing GIF by sillynub

Crypto market:
When I open a long position

šŸ“° THIS WEEK’S HOT NEWS

šŸ“‰ Ethereum loses the $2K battle

Ethereum slipped below the psychological $2,000 level and is now hovering around $1,950, shaking short-term confidence across the market.

The drop reflects broader market weakness rather than any single catalyst. Traders are watching closely, as this level had previously acted as strong support. Now that it’s broken, sentiment is turning cautious.

Still, zoom out and the story hasn’t changed much—ETH remains a core asset in the ecosystem. But in the short term? Volatility is back on the menu.

šŸ•¹ļø GameStop didn’t sell its Bitcoin

Rumors spread fast this week, claiming GameStop had dumped its Bitcoin holdings.

Spoiler: it didn’t.

The company clarified that its BTC position remains untouched, shutting down speculation that it was quietly exiting crypto. The confusion highlights how quickly narratives can spin out of control in this market.

Lesson of the week: don’t trust the first headline you see on CT.

šŸ¦ Tether pushes for a full audit

Tether is reportedly working with KPMG to move toward a full audit—something the crypto industry has been demanding for years.

Transparency has always been the biggest question mark around stablecoins, and this move could mark a major shift if it actually materializes.

Big ā€œif,ā€ though. The market has heard similar promises before.

šŸ¤– OpenAI shuts down Sora (for now)

In a surprising turn, OpenAI has shut down access to Sora.

The reasons aren’t entirely clear, but it likely ties to safety, scaling, or internal adjustments. Either way, it’s a reminder that even the most hyped AI tools are still very much experimental.

AI moves fast, but not always smoothly.

🧠 TL;DR

  • ETH lost $2K, and markets turned shaky

  • GameStop still holds its Bitcoin

  • Tether hints at long-awaited audit transparency

  • OpenAI pulls back Sora access

šŸ“ˆ TOP GAINERS & LOSERS

Top Gainers

  1. MemeCore (M) - Notable increase of 32.79% to $2.18 this week;

  2. DeXe (DEXE) - 14.76% growth over the period to a price of $7.06;

  3. Bittersor (TAO) - Price increase of 14.74% to $323.22;

Top Losers

  1. Decreed (DCR) - End week price of $21.68, falling this week for 17.38%;

  2. Polkadot (DOT) - lost 16.57% to end the week at a price of $1.28

  3. Worldcoin (WLD) - ended the week at $0.2736, down 15.11%;

šŸ“˜ EDUCATIONAL PICK — LEARN & LEVEL UP

🐦 TWEETS OF THE WEEK

FOLLOW OUR SOCIAL MEDIA:

  • X - Where Crypto Meets Comedy;

  • TikTok - Investigating the Wacky World of Crypto;

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  • YouTube - Your Gateway to the World of Crypto.

Disclaimer: We're here to entertain, not to be your financial guru. This newsletter is purely for educational purposes and does not constitute financial advice or a magical fortune-telling session. So, grab your popcorn, enjoy the read, but remember to use your own wits and conduct thorough research before making any money moves. Stay curious, my friend!