crypto

Sage D. Young7/9/25

GameSquare shares spring on board approval of $100 million ethereum treasury strategy

GameSquare is entering the increasingly crowded crypto treasury arena.

The firm’s pick: ethereum, joining SharpLink Gaming (led by ethereum cofounder Joseph Lubin as its board’s chairman), Bit Digital, and BitMine Immersion, which has Fundstrat founder Thomas Lee as chairman of its board.

On Tuesday, GameSquare announced that its board approved an ethereum allocation of $100 million “based on staged investments over time” and a public offering of $8 million worth of common stock to accelerate its newly formed ethereum treasury strategy.

Shares of GameSquare were below the $1 level yesterday morning and have skyrocketed over 150% to trade as high as $2.66 at 10:00 a.m. ET. ethereum has seen a 3.7% increase in the last 24 hours, data from CoinGecko shows.

The company’s ethereum strategy also includes searching for yield-generating opportunities. GameSquare teamed up with crypto capital management company Dialectic, aiming “to generate real, on-chain yield while deepening our expertise in decentralized finance, pursuing new revenue streams, and strengthening our balance sheet,” GameSquare CEO Justin Kenna said in a statement.

GameSquare made headlines earlier in the year for fully divesting from FaZe Media, an internet media company led by streamers and creators.

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crypto

Sage D. Young4/22/26

Justin Sun sues Trump-backed World Liberty over frozen tokens

Crypto billionaire Justin Sun, owner of the world’s most expensive banana, was named an adviser to World Liberty Financial the day after investing $30 million in the project. (He’d later boost that with $45 million more.) Sun has long been a supporter of President Trump, and has not once, but twice topped a competition to amass the most $TRUMP coins. But it seems even for Sun, the gold has turned brass.

Sun announced on social media that he’s filed a lawsuit in a California federal court against the crypto project backed by Trump.

The lawsuit alleges World Liberty engaged in an “illegal scheme to seize property” and “positioned itself as the new boogeyman” by stripping Sun of his governance rights, threatening to burn his WLFI tokens, and freezing his stash, which at times were worth $1 billion, according to the complaint dated on Tuesday.

“I have tried in good faith to resolve this situation with the World Liberty project team without resorting to litigation,” Sun wrote in a lengthy X post on Tuesday night. “But the project team has refused my requests to unfreeze my tokens and restore my rights as a token holder. They have left me with no choice but to turn to the courts.”

The complaint also alleged that World Liberty appears to be in financial trouble, citing concerns over whether the project can repay an on-chain loan that was collateralized by using, at the time, $5 billion worth of WLFI. The token reached an all-time low less than two weeks ago.

Despite the escalation with World Liberty, Sun said the lawsuit does not change his feelings about Trump or his administration. “I have always been — and remain — an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly,” he said.

Blockchain billionaire Sun takes Trump family’s crypto firm to court

Blockchain billionaire Sun takes Trump family’s crypto firm to court

The lawsuit alleges World Liberty engaged in an “illegal scheme to seize property” and “positioned itself as the new boogeyman” by stripping Sun of his governance rights, threatening to burn his WLFI tokens, and freezing his stash, which at times were worth $1 billion, according to the complaint dated on Tuesday.

“I have tried in good faith to resolve this situation with the World Liberty project team without resorting to litigation,” Sun wrote in a lengthy X post on Tuesday night. “But the project team has refused my requests to unfreeze my tokens and restore my rights as a token holder. They have left me with no choice but to turn to the courts.”

The complaint also alleged that World Liberty appears to be in financial trouble, citing concerns over whether the project can repay an on-chain loan that was collateralized by using, at the time, $5 billion worth of WLFI. The token reached an all-time low less than two weeks ago.

Despite the escalation with World Liberty, Sun said the lawsuit does not change his feelings about Trump or his administration. “I have always been — and remain — an ardent supporter of President Trump and his Administration’s efforts to make America crypto friendly,” he said.

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