📊 Fidelity Tokenizes Treasuries, GameStop's Bitcoin Gamble

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Hey crypto trailblazer, 👋

Transparency, tokenization, and transformative corporate strategies dominate this week's crypto headlines. Let's dive into the stories reshaping the digital asset landscape:

💵 Fidelity Joins the Tokenization Race

Financial giant Fidelity Investments has filed with the SEC to create a blockchain-based version of its U.S. Treasury fund, officially joining the growing tokenized real-world assets (RWA) movement.

The "OnChain" share class of Fidelity's Treasury Digital Fund will initially use the Ethereum blockchain, with the possibility of expanding to other networks in the future. Fidelity sees this move as a way to "drive transactional efficiencies with access, and allocation, of capital across markets."

This development comes as the tokenized Treasury market has exploded by 500% over the past year to nearly $5 billion. BlackRock's BUIDL fund currently leads with approximately $1.5 billion in assets, while Franklin Templeton's fund has gathered $689 million since its 2021 debut.

Reports also suggest Fidelity is quietly testing its own stablecoin—a sign that traditional finance increasingly views blockchain technology as the future of markets.

The Smart Home disruptor with 200% growth…

No, it’s not Ring or Nest—meet RYSE, the company redefining smart shade automation, and you can invest before its next major growth phase.

With $10M+ in revenue and distribution in 127 Best Buy locations, RYSE is rapidly emerging as a top acquisition target in the booming smart home industry, projected to grow 23% annually.

Its patented retrofit technology allows users to automate their window shades in minutes, controlled via smartphone or voice. With 200% year-over-year growth, demand is skyrocketing.

Now, RYSE’s public offering is live at just $1.90/share.

Find Out More

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🎮 GameStop Goes All-In on Bitcoin

In a move echoing Strategy (formerly MicroStrategy), GameStop announced plans to raise $1.3 billion through convertible debt to purchase Bitcoin. The video game retailer's board unanimously approved adding Bitcoin as a treasury reserve asset earlier this week.

The market reaction was swift and severe—GameStop's stock plunged over 22% after the announcement despite an initial 12% rally when the strategy was first hinted at. The company's shares lost approximately $3 billion in market value in a single day.

This bold move comes after months of speculation following a February social media post showing GameStop CEO Ryan Cohen with Strategy Chairman Michael Saylor, who pioneered the corporate Bitcoin treasury strategy.

GameStop's pivot toward Bitcoin coincides with plans to close a "significant number" of stores in 2025, raising questions about whether this represents a genuine strategic evolution or a desperate attempt to remain relevant as its core retail business continues to decline.

🔍 Korean Officials Hold $9.8M in Crypto

South Korea's Ethics Commission just revealed that over 400 high-ranking public officials collectively hold $9.8 million in cryptocurrency, with the average holding around $24,000 per official.

The data shows that 20% of the 2,047 officials subject to disclosure requirements own digital assets, including Bitcoin, Ethereum, XRP, and Dogecoin. One Seoul City Councilor topped the list with holdings worth $1.2 million!

This transparency initiative follows a May 2023 law requiring public officials to disclose crypto assets—a response to a scandal involving a lawmaker who allegedly concealed significant crypto holdings. Korea continues to lead the way in regulatory innovation, choosing clear rules over outright bans.

🔮 What to Watch

• More corporate Bitcoin treasuries? Will other companies follow GameStop's lead after seeing Strategy's success?

• Tokenized asset competition is heating up, with BlackRock, Franklin Templeton, and now Fidelity all vying for market share.

• Crypto price recovery? Where there is lot of excitement in this space, we can’t help but notice that BTC and ETH prices remain much lower than end of 2024. Will we reenter an up-only market soon?

Until next time, keep your portfolio balanced and your crypto wallets secure!

Stay epic,
Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.