In a significant development that caught the attention of both traditional finance and crypto enthusiasts, Nasdaq-listed media and entertainment company GameSquare (GAME) made a compelling announcement. The company revealed its substantial GameSquare Ethereum holdings, marking a notable step into the digital asset space. This move highlights a growing trend where established companies are increasingly embracing cryptocurrencies as part of their financial strategies.
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Looking back at this stage, the 2021 alt season demonstrated how extreme the crypto market can be, driven by a flood of liquidity and diverse narratives.
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In terms of market performance, since launching in September 2024, LBTC has set records, reaching over $1 billion in TVL in just 92 days. Over 80% of LBTC is active in DeFi, used for lending, liquidity provision, and re-staking strategies, attracting over $2 billion in new liquidity. LBTC is also a crucial component of Babylon's Bitcoin staking protocol, occupying 40% market share and deeply collaborating with Finality Providers like Galaxy, Figment, Kiln, and P2P. Top DeFi protocols including Aave, Maple, Spark, and Morpho have incorporated LBTC as an institutional-grade collateral asset, providing BTC holders with low-risk, composable capital deployment capabilities.
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