GameStop-Linked Crypto Soars, Trump-Backed Project Bolsters Bitcoin, And More: This Week In Crypto

Ananya Gairola

February 16, 2025

The week was a rollercoaster ride in the world of cryptocurrencies. From GameStop-themed crypto rallying to a Trump-backed project bolstering Bitcoin and Ethereum, the crypto market was buzzing with activity. Here’s a quick round-up of the top stories.

GameStop-Themed Crypto Rallies

Cryptocurrencies themed on video game retailer GameStop Corp. (NYSE:GME) saw a significant surge, thanks to CEO Ryan Cohen’s picture with Strategy co-founder Michael Saylor. The Ethereum-based GameStop crypto soared nearly 50% in the last 24 hours, with its trading volume surging by 37% to $1.83 million.

Read the full article here.

Trump-Backed Project Bolsters Bitcoin, Ethereum

World Liberty Financial, a cryptocurrency project backed by President Donald Trump, announced a strategic token reserve to support projects like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). The reserve aims to mitigate market volatility by diversifying holdings across tokenized assets.

Read the full article here.

Cathie Wood Backs Musk’s Blockchain Plan

Cathie Wood, the founder of asset management firm Ark Invest, supported Elon Musk’s idea of putting all U.S. government spending on blockchains for better transparency. Wood hailed the plan as a “win, win, win” for transparency, efficiency, and security.

Read the full article here.

Meme Coins Could Make a Comeback

Prominent trader Unipcs believes meme coins could be on the verge of a comeback. He argued that the risk/reward ratio favors longs, as the biggest meme coins have already corrected 70-90% from their peaks just months ago.

Read the full article here.

SEC Considers Dogecoin, XRP ETFs

The Securities and Exchange Commission has acknowledged Grayscale’s applications for spot Dogecoin (CRYPTO: DOGE) and XRP (CRYPTO: XRP) ETFs. This move signals that the agency is open to considering the proposals, a shift from its previous tendency to dismiss similar applications for alternative cryptocurrencies.

Read the full article here.

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Photo courtesy: Shutterstock

This story was generated using Benzinga Neuro and edited by Ananya Gairola

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