top of page
  • Writer's pictureAspen Digital

GameStop Partners With Crypto Exchange FTX.US to Boost Digital Asset Adoption

Daily Market Wrap

  • Crypto market cap: 976.21 billion, up 4.64%

  • BTC price stands at USD 19,237, up 2.93%

  • ETH price stands at USD 1,627, up 7.98%

  • Top gainer: Helium (HNT), up 46.29%

  • Top loser: Neutrino USD (USDN), down 0.12%

News of the Day

Why it matters:

  • GameStop and FTX.US will jointly promote e-commerce and marketing initiatives, such as GameStop retail stores carrying FTX gift cards

  • GameStop released an NFT marketplace in mid to late July, which was better received than Coinbase’s

  • After the news release, GameStop stock price rose by almost 10%

Crypto Daily Spotlight

Brief introduction: Avalanche is Layer 1 blockchain with the fastest time to finality, or time to confirm transactions. It uses the proof-of-stake protocol and thrives on its high speed, low cost, and sustainability. The blockchain has smart contract capabilities and its native token is AVAX.

Why it matters:

  • Unknown attacker borrowed uncollateralised funds, drove up the price of the asset and sold back the borrowed capital, allowing them to pocket the arbitrage difference

  • While the attack took place on the Avalanche blockchain, three other protocols: Curve Finance, Trader Joe and Nereus Finance were also affected

  • Attack was picked up by CertiK’s on-chain security software Skynet

Daily Sector Tracker

Daily News Roundup

  1. Coinbase Looking To Acquire $1.6B of MakerDAO’s USDC

  2. Hawkish Fed Chatter Has Wall Street Betting on Big Rate Hike, Crypto Traders Shorting Bitcoin

  3. Vermont's Financial Regulator Alleges Celsius and its CEO Made 'False and Misleading claims'

  4. US Fed Vice Chair Michael Barr Favors Hard Line on Crypto, OCC Acting Head No Friendlier

  5. Algorand Upgrade Could Increase Speed and Cross-Chain Transaction Capability

About Aspen Digital

Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.

For more information, please visit

Sign Up on Aspen Digital

If you would like to know more, please sign up here.

8 views0 comments


bottom of page