Falling sales and diminished Bitcoin gains pressured earnings, with the stock continuing to retrace its brief rally in March. GameStop missed analyst estimates in the third quarter of 2025, dragging shares down over 4% on Wednesday, as declining core sales and reduced Bitcoin gains weighed on the quarter. The company’s Q3 revenue of $821 million fell short of analyst expectations of $987.29 million, according to Seeking Alpha. GameStop’s Q3 report also shows that it holds 4,710 Bitcoin (BTC), with unrealized losses during the quarter totaling $9 million, though its BTC position remains up $19.4 million for the year. Read more
Tether says the system is designed to give users control over biometric data by keeping analysis and storage off the cloud. Tether has launched a new platform that aggregates data from multiple wearables and wellness apps into a single, locally processed dashboard, aiming to give users control over their biometric information. The platform, called QVAC Health, aggregates data from fitness trackers, nutrition apps and other wearables into an encrypted dashboard that works offline, using on-device AI and peer-to-peer model downloads to analyze activity, meals, symptoms and medication logs without relying on external servers. The app includes experimental computer-vision tools that can estimate calories and macronutrients from meal photos and can correlate those logs with data from multiple wearables to identify patterns in activity, recovery or sleep, all processed locally on the user’s device, according to a Wednesday announcement. Read more
ChronoForge’s shutdown highlights mounting financial strain across Web3 gaming as shrinking budgets and dismal market sentiment take their toll. ChronoForge, a Web3 game studio developing a multiplayer action RPG centered on onchain asset ownership, is shutting down after months of operating with a drastically reduced team, a closure that underscores the severe financial pressures facing the Web3 gaming sector during the current market downturn. On Wednesday, the studio announced it will cease all services by Dec. 30, citing “many headwinds,” including a funding shortfall that forced the founders to finance development out of pocket since July and reduce staff by 80%. In a statement posted to social media, the team said it had continued operating under intense financial strain, pushing out patches and new features “despite no marketing budget, below sustainment revenue, loss of codevelopers and terrible Web3 gaming sentiment.” Read more
A divided Federal Reserve approved a 0.25% rate cut, but concerns over inflation and growth, as well as Glassnode data highlighting BTC’s “fragile range,” may keep it under $100,000. On Wednesday, the US Federal Reserve approved a 25-basis-point interest rate cut, marking the third this year and aligning with market expectations. Typical of its previous pre-FOMC price action, Bitcoin rallied above $94,000 on Monday, but the media’s hawkish depiction of the rate cut reflects a Fed that is divided over the future of US monetary policy and the economy. Given the “hawkish” label associated with this week’s rate cut, it’s possible that Bitcoin price could sell on the news and remain range-bound until a new momentum driver emerges. CNBC reported that the Fed’s 9-3 vote is a signal that members remain concerned about the resilience of inflation, and that the rate of economic growth and pace of future rate cuts could slow in 2026. Read more