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Scaramucci: Bitcoin to reach $180K by end of year Anthony Scaramucci, founder of the U.S. hedge fund SkyBridge Capital, predicted while appearing on The Culture Bit podcast that Bitcoin ( $BTC ) will reach a unit price of $180,000 by the end of the year, Bitcoin Magazine reported via X.

GameStop has responded to a letter from Strive Asset Management urging the gaming retailer to add Bitcoin to its balance sheet. GameStop CEO Ryan Cohen confirmed in a Tuesday post on X that he had received a letter from Strive CEO Matt Cole, recommending that the gaming retailer and meme stock sensation from the pandemic era use roughly $5 billion of its cash reserves to buy Bitcoin and use market offerings to finance more BTC purchases. “We believe GameStop has an incredible opportunity to transform its financial future by becoming the premier Bitcoin treasury company in the gaming sector,” Cole said in the letter dated Feb. 24. GameStop Chairman and CEO Ryan Cohen said, “Letter received” on the X platform on February 25 without elaborating further. As per the proposal, Strive’s customers hold shares of GameStop via the asset management’s exchange-traded funds (ETFs), giving the company “a fiduciary responsibility and vested interest” in the success of GameStop. Cole argues that Bitcoin is a superior alternative to holding cash as the crypto is an inflation hedge in terms of outpacing monetary debasement. Strive’s CEO suggests GameStop should focus on Bitcoin and avoid other cryptocurrencies, calling the benchmark crypto the “only true store of value” among digital assets. Cole cautioned that speculative investments in alternative tokens could jeopardize financial stability, citing GameStop’s failed non-fungible token marketplace as a prime example of the risks of expanding into unproven digital assets. Instead, he believes that a Bitcoin-only approach would strengthen GameStop’s image as a “disciplined, forward-looking organization” while safeguarding long-term shareholder returns. Strive proposed that GameStop raise additional capital via at-the-market stock offerings and convertible debt securities to purchase more Bitcoin. He also said that Bitcoin’s scarcity and growing institutional adoption position it as a long-term hedge against inflation and a “true savings asset.” Cole’s proposal follows a report earlier this month that GameStop was considering investing in Bitcoin and alternative asset classes. Notably, Gamestop’s acknowledgment of Strive’s letter comes as Bitcoin trades below $90,000, down from a peak of over $108,786 in January. Broadly, the crypto market has endured intense volatility, with a recent $1.5 billion hack on the Bybit crypto exchange exacerbating the already dire situation. As of press time, it’s unclear whether or not GameStop intends to heed Strive’s proposal.

Mask Network CEO Suji Yan linked to $4M crypto hack Blockchain analytics firm Cyvers Alerts detected via X suspicious transactions tied to Mask Network CEO Suji Yan, with nearly $4 million in digital assets transferred to a suspicious address. The funds, including $ETH, $WETH, $MASK and $USDT, were quickly swapped for ETH and dispersed across six wallets. The investigation was supported by on-chain analyst ZachXBT.

Last month, the Central Bank of Iran (CBI) abruptly halted all rial payments for cryptocurrency exchanges . This move left over 10 million Iranian crypto users unable to purchase Bitcoin and other digital assets using their national currency. The decision was aimed at preventing further depreciation of the struggling rial by restricting its conversion into foreign currencies via crypto platforms. Iran’s economy has been under immense pressure due to ongoing Western sanctions, inflation rates exceeding 40% for years, and a banking system disconnected from global payment networks. The recent surge in crypto adoption among young Iranians has given them an alternative means to access global financial markets, but the government sees this as a threat to its financial control. While the Iranian government has previously attempted to regulate or restrict crypto at smaller scales, this latest move appears to be part of a broader effort to impose strict oversight and control over the growing crypto market. Despite the restrictions, Iran's crypto market saw significant growth last year, with many anticipating a bullish 2025. The country’s youth, faced with limited financial opportunities, continue to seek alternative ways to earn and trade in a largely isolated economy. However, with authorities doubling down on regulations, the future of cryptocurrency in Iran remains uncertain. Will crypto users find new ways to bypass restrictions, or will the government succeed in curbing its influence?

NymVPN launched a perpetual token buyback mechanism that features a new working model for DePIN (Decentralized Physical Infrastructure Network) tokens. This effort enables anonymous access for users while simultaneously compensating those who provide the network’s services. Another Step Before the Final Launch According to a document shared with CryptoPotato, NymVPN is scheduled for a commercial launch on March 13. The project’s zero-knowledge payment system and the perpetual token buyback program are set to go live for public testing on February 26. The team behind the project has invited the community and general public to battle-test this novel payment mechanism and help kickstart the economic cycle of Nym DePIN. Decentralized Physical Infrastructure Network, for its part, is considered vital since it provides the layer-0 anonymity network, which is particularly needed across Web3. Commenting on the initiative was Harry Halpin – CEO of Nym: “We launched the NYM token in 2022 to reward mixnet node operators helping us build the world’s most decentralized and anonymous network. The launch of NYM activated the supply side of privacy and created a network of over a thousand nodes. Today, we are activating the demand side, allowing ordinary users to pay in fiat and Bitcoin for NymVPN. Their payment is then converted to NYM token buy-orders to keep the network running.” How Does the System Work? The market for VPNs was forecasted to reach roughly $500 billion by 2034. However, the vast majority of those networks have the necessary privacy protections. Nym’s DePIN model, however, offers a solution. According to the document, the buypack program supports two of NymVPN’s core features: zero-knowledge anonymous credentials (zk-nyms) and a token incentivized mix network of node operators. Via the mechanism, all fiat and crypto subscriptions to NymVPN will be converted to NYM tokens by default. This will establish a self-sustaining cycle that naturally reflects market demand for NymVPN’s services. Keep in mind that this approach is distinct and far more comprehensive than a typical token buyback, where a fixed amount of coins is repurchased from the market often to bolster company treasuries. Subscribers to the mechanism need to possess NYM tokens themselves or pay in crypto. Subscriptions can be purchased using fiat currency like euros and dollars, as well as in Bitcoin or directly in NYM coins. “Just like everyone should enjoy clean water and electricity, people deserve secure and private communication. This is not speculative, but a growing real-world need. And with the launch of the perpetual buyback mechanism, the token can shift out of a speculative promise to instead signal such real-world demand,” Jaya Brekke, Nym’s Chief Strategy Offer, stated. The post NymVPN Introduces a Perpetual Token Buyback Mechanism as the Network Goes Live for Public Testing appeared first on CryptoPotato.