Coinbase Prime Facilitates GameStop’s $76M Bitcoin Liquidation Amid Market Volatility

In a significant institutional move reflecting the pressures of a bearish cryptocurrency market, GameStop has liquidated its entire bitcoin treasury holdings through Coinbase Prime, realizing substantial losses on its initial investment. The videogame retailer, which had accumulated 4,710 BTC at an average acquisition price of $107,900 per token in May 2025, transferred the entire reserve to the exchange's institutional platform. This divestment, executed as Bitcoin prices struggled below critical support levels, resulted in a reported loss of approximately $76 million on the original $504 million investment. The transaction underscores the volatile nature of corporate cryptocurrency strategies and highlights Coinbase Prime's role as a key infrastructure provider for large-scale institutional crypto transactions. This development occurs within a broader context of market uncertainty, raising questions about the timing of corporate exits and the long-term adoption of digital assets by traditional retailers. The move may signal a cautious retreat by some institutional players during periods of price correction, even as the underlying blockchain technology and institutional custody solutions, like those offered by Coinbase, continue to mature. The event serves as a case study in the risks and execution challenges associated with large corporate treasury allocations to cryptocurrencies.

GameStop Liquidates Bitcoin Holdings at $76M Loss Amid Market Downturn

GameStop has offloaded its entire Bitcoin treasury reserve through Coinbase Prime, locking in steep losses on its $504 million investment. Blockchain data reveals the videogame retailer transferred all 4,710 BTC to the exchange's institutional platform, acquired at an average price of $107,900 per token during May 2025.

The divestment comes as bitcoin struggles below key support levels, with GameStop's holdings having traded underwater since October. The MOVE mirrors broader corporate retreat from crypto treasury strategies after 2024's regulatory crackdowns.

Coinbase Prime's involvement signals institutional-grade liquidation rather than retail selling pressure. Market observers note the timing coincides with bitcoin's weakest quarterly performance since FTX's collapse.

Moonbirds Solana $BIRB Token Launch on Jan 28 Sparks 8% NFT Price Jump

The Moonbirds solana project has confirmed its Token Generation Event (TGE) for January 28, 2026, accompanied by a 24-hour community event dubbed Birbathon. This announcement has already spurred an 8% increase in the price of $BIRB NFTs, with trading volume rising sharply.

Coinbase's inclusion of $BIRB on its official listing roadmap has further bolstered market sentiment. Historical data from 2024-2025 suggests that such endorsements often precede significant price appreciation for altcoins.

The expansion from ethereum to Solana marks a strategic pivot, leveraging Solana's lower transaction costs and faster speeds to attract a broader user base. This move aligns with broader NFT market recovery trends anticipated in 2026.

Coinbase Advances BIRB and DOOD Tokens Toward Potential Listing

Coinbase has added Moonbirds' BIRB and Doodles' DOOD tokens to its asset roadmap, triggering immediate market reactions. The exchange confirmed both assets are under technical, legal, and compliance evaluation—a critical precursor to listing. While not a guarantee, historical patterns show roadmap inclusion strongly correlates with eventual trading availability.

Moonbirds' BIRB token, tied to the blue-chip NFT collection, currently trades between $0.00000000000004 and $0.0004354 across platforms. Its micro-cap status and volatility were evident in a 3:15 AM price surge following the announcement. Doodles' DOOD token demonstrates more defined utility including governance rights, reflecting the project's emphasis on community-driven development.

Traders are positioning early, anticipating the 'Coinbase effect'—a phenomenon where assets typically gain liquidity and valuation post-listing. The exchange's selection criteria appear to favor NFT projects with cult-like communities and clear expansion roadmaps, signaling continued institutional interest in tokenized digital culture.

Ethereum Foundation Prioritizes Quantum-Resistant Cryptography Amid Rising Threats

The Ethereum Foundation has escalated its quantum computing defense strategy, forming a dedicated Post-Quantum (PQ) team led by Thomas Coratger. The move follows years of preparatory research, with leanVM cryptographer Emile contributing to Ethereum's quantum-resistant framework. Justin Drake, an Ethereum researcher, announced the initiative on X, marking a strategic pivot for the foundation.

Quantum computing poses existential risks to blockchain security, particularly to elliptic curve cryptography underpinning most digital assets. The Ethereum Foundation's acceleration of PQ engineering mirrors industry urgency, as seen in Coinbase's recent quantum advisory board formation. Drake emphasized the "phenomenal" pace of breakthroughs since Ethereum's 2019 quantum security explorations.