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Pokémon card market reaches $10–15 billion, blockchain project attempts tokenized trading
Odaily News: The Pokémon trading card market is currently valued at approximately $10 billion to $15 billion, driving queue-up purchasing at retailers such as Costco. A Logan Paul-owned Pikachu Illustrator card once sold for $16.5 million.Sales at major retail chains like Target and Walmart, along with eBay's $26.2 billion in card sales for 2025, show that trading cards have become a significant alternative asset class, recently outperforming the S&P 500 index and Bitcoin.Deadstock, a blockchain startup launched by ATH Labs, is attempting to tokenize high-grade cards and store them in vaults to address the market's fragmented trading and slower transaction speeds. The project still faces liquidity challenges, as well as the network effect advantages formed by existing platforms like eBay. (CoinDesk)
Aethir
Athena Finance
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CoinDesk
MGBX to List GSUSDT, SMHUSDT, PYPLUSDT Perpetual Contracts
Odaily News: According to official sources, MGBX will list GSUSDT, SMHUSDT, and PYPLUSDT perpetual contract trading pairs at 18:00 (SGT) on August 4, 2026. Trading will open at 18:00 (SGT) on August 4, 2026, with support for up to 25x leverage.Goldman Sachs is a long-established financial institution founded in 1869, renowned as one of the world's leading investment banks. The SMHUSDT perpetual contract tracks the price of the VanEck Semiconductor ETF, one of the largest and most liquid exchange-traded funds (ETFs) focused on the semiconductor industry globally. Additionally, PayPal, spun off from eBay in 2015, focuses on online transactions, providing electronic payment solutions for merchants and consumers.
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SharedStake
GameStop Remains Committed to Advancing Approximately $56 Billion eBay Acquisition Plan, Forecasts Fiscal 2026 EBITDA Exceeding $600 Million
According to Reuters, GameStop (GME) stated on June 27 that although eBay (EBAY) rejected its approximately $56 billion cash-and-stock acquisition offer in May, the company remains committed to advancing the acquisition plan and will release detailed strategic rationale and operational integration plans in the near future. GameStop CEO Ryan Cohen previously stated that the reason for acquiring eBay is that the merged company will become a stronger competitor to Amazon. Meanwhile, GameStop disclosed that adjusted EBITDA for fiscal 2026 is expected to exceed $600 million, representing a significant increase from $345.4 million in fiscal 2025.
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eBay rejects GameStop's approximately $56 billion acquisition offer
: According to market sources, eBay has rejected GameStop's roughly $56 billion acquisition offer, calling the proposal "neither credible nor attractive."In a previous report, on May 4, GameStop proposed to acquire eBay for $125 per share in a cash-and-stock deal. GameStop CEO Ryan Cohen stated that the company already holds approximately 5% of eBay's shares. If eBay rejects the acquisition plan, it will consider launching a proxy fight and directly advance the proposal to shareholders.
GameStop
GameStop CEO Ryan Cohen’s account was permanently banned from the platform two days after he proposed acquiring eBay.
According to The Kobeissi Letter (@KobeissiLetter), Ryan Cohen, CEO of GameStop ($GME), was permanently banned from his personal eBay account just two days after proposing a $56 billion acquisition of eBay. eBay’s official reason for the ban was “putting the eBay community at risk.”
GameStop
GameStop Plans $56 Billion Bid to Acquire eBay
GameStop intends to bid $56 billion to acquire eBay. It is reported that GameStop CEO Ryan Cohen stated that GameStop currently holds approximately 5% of eBay's shares and has proposed acquiring eBay through a combination of cash and stock at $125 per share, representing a premium of about 20% over eBay's closing price last Friday. (The Wall Street Journal)
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GameStop is planning to make a takeover offer for eBay.
According to sources familiar with the matter, GameStop CEO Ryan Cohen is planning to make a takeover bid for the e-commerce platform eBay, which has a market capitalization of approximately $45 billion, with the aim of transforming it into a retail giant valued at over $100 billion—while GameStop’s current market cap stands at only about $11 billion. Per Bitget market data, following the news, eBay’s after-hours stock price surged more than 10% on U.S. markets, while GameStop rose roughly 5% in tandem. The sources also revealed that GameStop has quietly accumulated shares of eBay and may submit its formal offer as early as later this month; should eBay’s board reject the proposal, Cohen could launch a direct tender offer to eBay’s shareholders. Earlier this year, Cohen explicitly stated he is scouting major acquisition targets in the consumer and retail sectors, seeking to expand the company’s business beyond video games and collectibles. He recently revised his compensation plan, under which he stands to receive up to $35 billion in stock awards if certain conditions—including achieving a $100 billion market capitalization—are met. As of the end of March, GameStop held approximately $9 billion in cash—nearly double the $4.8 billion it held a year earlier—providing financial firepower for this “snake-swallowing-elephant”-style acquisition. Over the past 12 months, eBay’s stock has risen more than 50%; in February, it acquired the secondhand fashion platform Depop for $1.2 billion, further focusing on collectibles.
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