According to The Kobeissi Letter, GameStop plans to invest in Bitcoin using 'cash or future debt and equity issuances' as stated in an SEC filing. The announcement initially caused a rally in GameStop's stock, but it experienced a sharp decline the following day. Traders should monitor the stock's reaction to this strategic pivot towards cryptocurrency investment.

According to AltcoinGordon, billionaire Paul Tudor Jones’ investment firm has disclosed an ownership of $426.9 million in BlackRock spot Bitcoin ETF shares, which has doubled from its previous holdings as per the latest SEC filing. This significant increase indicates a strong bullish sentiment on Bitcoin ETFs, reflecting potential confidence in the cryptocurrency market.