KEYTAKEAWAYS
- Uber early investor questions GameStop’s Bitcoin move, calling it a weak strategy without a clear business model.
- WORLD3 joins Sui Hydropower Program to advance AI-powered blockchain solutions.
- Bitcoin spot ETFs see nine straight days of net inflows, signaling renewed investor interest.
CONTENT
UBER EARLY INVESTOR QUESTIONS GAMESTOP’S BITCOIN STRATEGY
Jason Calacanis, an early investor in Uber and Robinhood, criticized GameStop’s decision to hold Bitcoin as part of its strategy. He thinks it might just be a publicity stunt without a real business model.
He said, “If you’re a public company that can’t figure out a business model, just buy Bitcoin. Maybe if Michael Saylor is buying $1 trillion worth, it makes sense.”
Analysis:
If GameStop is only buying Bitcoin to follow a trend, without a long-term plan, the strategy is weak. But if they can use their brand to build something bigger—like using crypto to grow their gaming community—there could be real potential. The key is execution, not just making an announcement.
So far, GameStop hasn’t shared clear plans. Calacanis has a point, but he might be underestimating how crypto could play a role in the future.
WORLD3 JOINS SUI HYDROPOWER PROGRAM
WORLD3 has joined the Sui Hydropower Program, started by the Sui Network. This program supports innovative projects building on the Sui blockchain. Over the next 12 weeks, WORLD3 will attend workshops and receive expert guidance to improve its AI Agent technology, creating automated solutions for the Sui ecosystem.
Through this program, WORLD3 will get strategic support from Sui, including help with product fit, monetization, growth strategies, and preparing for demo day. Working with experts, founders, and investors will help WORLD3 build partnerships and attract new investment as it drives AI innovation on Sui.
Analysis:
Sui offers a fast blockchain, and WORLD3’s AI ideas could make it even stronger. This partnership could help both sides grow. But the real test is whether WORLD3 can show useful results within 12 weeks—especially solutions that solve real problems for users.
BITCOIN SPOT ETFS SEE 9 DAYS OF NET INFLOWS
On March 26 (U.S. time), Bitcoin spot ETFs saw a total net inflow of $89.57 million. The ETF with the biggest single-day inflow was BlackRock’s IBIT, with $108 million added in one day. IBIT’s total net inflow is now $39.94 billion.
Analysis:
The flow of money into Bitcoin ETFs goes up and down a lot, showing how emotional the crypto market can be. But traditional financial trends also play a role. The recent inflows are a good sign, but ups and downs are likely to continue since Bitcoin is still a high-risk asset.
Also Read：
CoinRank Crypto Digest (3/24)｜Ethereum Supply on Cex Hits 9-Year Low
CoinRank Crypto Digest (3/25)｜Pancakeswap Leads Weekly Dex Trading Volume
CoinRank Crypto Digest (3/26)｜Bitcoin Spot ETFs See 8 Straight Days of Inflows
▶ Buy Crypto at Bitget
CoinRank x Bitget – Sign up & Trade to get $20!
