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Stablecoins Will Boost US Bonds Demand: Treasury Secretary

by admin August 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The US Treasury Secretary has reportedly contacted leading crypto industry players to discuss the potential impact of the stablecoin sector on the demand for US government bonds in the coming years.

Treasury Secretary Bets On The Crypto Industry

On Wednesday, the Financial Times (FT) reported that the US Treasury Secretary, Scott Bessent, is “betting” on the crypto industry to become a key buyer of US Treasuries in the coming years.

Following the enactment of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act in July, digital assets pegged to the US dollar are required to be backed on a one-to-one basis by US dollars or Treasury bills.

Sources familiar with the discussions told the news media outlet that Secretary Bessent has signaled to Wall Street that he expects the industry to “become an important source of demand for US government bonds” as Washington seeks to bolster demand for a surge of new US government debt.

According to FT, Bessent has contacted leading stablecoin issuers, including Circle and Tether, for information, revealing the Treasury Department’s alleged plans to increase sales of short-term bills for the coming quarters.

The report noted that the focus on the sector follows investors’ concerns about the US’s deteriorating public finances, adding that the Treasury Department’s hopes are also a sign of the White House’s “drive to bring crypto to the heart of US finance.”

“The recent passage of the Genius Act is a significant development which we are monitoring as it will promote innovation in stablecoins and grow demand for short-term Treasury securities” the Treasury Department told FT, explaining that “issuance plans will continue to be informed by a variety of inputs including that from investors, primary dealers and the Treasury borrowing advisory committee”.

Jay Barry, head of global rates strategy at JPMorgan Chase, told FT that “[Secretary Bessent and the Treasury department] absolutely think that stablecoins will be a real source of new demand for Treasuries. And that is absolutely why [Bessent] is comfortable weighting issuance towards [short-term debt].”

A Multi-Trillion ‘Gold Rush’ Era?

Notably, the Treasury Secretary previously affirmed that “this groundbreaking technology will buttress the dollar’s status as the global reserve currency, expand access to the dollar economy for billions across the globe, and lead to a surge in demand for U.S. Treasuries, which back stablecoins.” Adding that “The GENIUS Act provides the fast-growing market with the regulatory clarity it needs to grow into a multitrillion-dollar industry.”

Similarly, Goldman Sachs asserted that the industry is “at the beginning of a stablecoin gold rush,” which could potentially bring the $271 billion global market to trillions of dollars, Fortune reported.

“Stablecoins are a $271bn global market, and we believe USDC (…) benefits from market share gains on and off of partner Binance’s platform, as ongoing stablecoin legislation legitimizes the ecosystem, and the crypto ecosystem expands, also potentially catalyzed by legislation,” the report highlighted, citing the bank’s research paper from August 20.

Payments are the most obvious source of (total accessible market) expansion for stablecoins over the longer term. This opportunity is largely untapped so far, with the majority of stablecoin activity being driven by crypto trading activity and demand for dollar exposure outside of the U.S.

Nonetheless, not everyone in the financial sector believes that the sector will boost the demand for US government bonds. Global Chief Economist at financial services firm UBS, Paul Donovan, shared a more skeptical approach with clients on Wednesday morning.

According to Fortune, Donovan noted that the Treasury Secretary is “reportedly getting excited that stablecoins might increase demand for short-dated U.S. Treasuries, helping finance the unsustainable U.S. fiscal position. However, stablecoins are more about redistributing money supply.”

“Someone selling Treasury bills to buy stablecoins, which invest the money in Treasury bills, does not change demand for U.S. debt instruments,” he concluded.

Bitcoin (BTC) trades at $114,184 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

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August 21, 2025 0 comments

Crypto Trends

Bitcoin Demand Cools While “Crypto Capital is Getting More Selective,” OKX’s Gracie Lin Warns

by admin August 21, 2025

Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Bitcoin steadied in Asia Thursday at $114,610 (+1.4%), clawing back some ground after last week’s slide, while ether outpaced with a 5.8% jump to $4,370.73 as investors rotated selectively across the market.

The CoinDesk 20, a measure of the performance of the largest crypto assets, is up 3.5%, trading above 4,078.

OKX Singapore CEO Gracie Lin said in a note to CoinDesk that the rising ETH/BTC ratio shows capital shifting into ether’s relative strength while Bitcoin consolidates.

“Crypto capital is getting more selective,” Lin told CoinDesk.

She stressed that this is not a broad “altseason,” but a targeted move into ETH as macro catalysts like the Jackson Hole conference and U.S. inflation data loom.

Fresh figures from CryptoQuant underline why Bitcoin’s rally has cooled. Apparent demand has dropped from 174,000 BTC in July to 59,000 BTC today, while ETF inflows have slowed to their weakest since April,” the firm wrote in a recent report.

Profit-taking remains heavy, with whales realizing $2 billion in gains on Aug. 16 alone, bringing total realized profits since July to $74 billion. CryptoQuant analysts now classify the market as in a “bullish cooldown” phase, with $110,000 flagged as an important support level.

In a note to CoinDesk, analysts at Enflux, a Singapore-based market maker noted that retail enthusiasm for altseason has dropped sharply compared to last week, even as strategic bets like BNB hitting all-time highs and Hyperliquid’s operational strength continue to draw capital.

“This indicates that the altcoin market is no longer a uniform beta trade, as macro conviction is forming, but more selective and concentrated, also on the institutional side,” the firm said.

The result is a market less defined by broad rallies and more by selective winners, with ETH setting the tone as capital stays in crypto but moves with sharper focus, favoring resilience over speculation.

Market Movers

BTC: Bitcoin edged up 1.4% to just above $114,000 while U.S. stocks slipped, and altcoins showed unusual resilience as BTC dominance nears a six-month low.

ETH: Ether outperformed bitcoin, climbing 5.8% as traders rotated into majors despite slowing BTC demand.

Gold: UBS raised its gold price target to $3,600 per ounce in Q1 2026, citing the strongest bullion demand since 2011 driven by U.S. macro risks, de-dollarization, and heavy ETF and central bank buying.

S&P 500: The Nasdaq fell 0.68% and the S&P 500 slipped 0.26% Wednesday as investors rotated out of tech stocks into sectors like energy, healthcare, and consumer staples ahead of the Fed’s Jackson Hole symposium.

Elsewhere in Crypto

Winklevoss Twins Heave $21M Toward Republicans in Next Year’s Congressional Battles (CoinDesk)
Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S. (CNBC)
BitMEX Founder, Pardoned by Trump, Joins Longevity-Hacking Craze (Bloomberg)

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August 21, 2025 0 comments

NFT Gaming

Ether (ETH) Resurgence Gains Steam Driven by Spot ETF Demand and On-Chain Growth: Citi

by admin August 20, 2025

After enduring a drawdown of more than 55% earlier this year and lagging peers amid tariff-driven risk-off sentiment, ether (ETH) has staged a powerful comeback, Wall Street bank Citi (C) said in a research report on Tuesday.

The second-largest cryptocurrency is now up nearly 30% year-to-date, testing bitcoin’s (BTC) dominance in a way not seen since late last year. This time, however, ether is taking market share rather than ceding it, the report said.

Spot ether exchange-traded funds (ETFs) have seen a surge of demand. Cumulative net inflows now top $13 billion, up from just $2.6 billion in April, analysts Alex Saunders and Nathaniel Rupert wrote.

As ETF balances grow, flows are playing a more direct role in price dynamics, the analysts said.

Ether treasury firms have also joined the bid, with large purchases beginning in May. Their collective holdings now hover near $10 billion at current market values, while the equity valuations of these companies have expanded alongside ether’s rally, the report noted.

Blockchain data shows large wallets accumulating ether while smaller investors trim exposure. Ether balances on centralized exchanges continue to decline, signaling a shift of supply back on-chain. This dynamic could be amplifying the latest leg higher, creating a squeeze-like effect, the report added.

While the rally has been sharp, the bank’s analysts caution it isn’t purely technical. On-chain activity has picked up, reinforcing the move with stronger fundamentals. Combined with a macro backdrop that resembles a “goldilocks” environment, neither too hot nor too cold, ether’s resurgence could have legs, particularly with supportive regulatory signals and bullish narratives in play.

Read more: Ether-Led Rally Pushed Crypto Market Cap to $3.7T in July: JPMorgan

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August 20, 2025 0 comments

Product Reviews

‘This happened because of the best elements of our community’: Borderlands 4 won’t have a minimap, but thanks to player demand it will have an optional combat radar

by admin June 22, 2025

I think we can all agree that an always-on minimap is bad. Like the TV in a bar, you find your eyes drawn to it even when there are other things you should be looking at. You stare at a corner of your monitor while ignoring the fancy grandeur of whatever expensive open world is taking up the other seven-eighths of your screen.

But the absence of navigational aids can be just as bad. I got lost more than once in Clair Obscur: Expedition 33 in areas where there was no map at all, and just had to loop around the place trying to find the one bit I was supposed to go to next. And in an FPS, you may not need to worry as much about getting lost, but you will need to worry about losing enemies when they duck behind cover.

When early footage of Borderlands 4 showed it lacking a minimap, some players were distraught. If you can hear psychos ranting but can’t tell exactly where they are, how will you figure out they’re actually on the other side of that hut in particular? Well, as Gearbox founder Randy Pitchford explained on the hatesite formerly known as Twitter, Borderlands 4 actually will have a combat radar in time for its September launch.

Explaining in detail why Borderlands 4 was initially designed without a minimap, Pitcfhord said, “Borderlands 4 is much larger than ever before, and seamless. There are main missions and side quests (lots of them) that often have objectives, sometimes multiple objectives, further than the scope of a useful mini-map. So we invest *more* into the main, big map—make it more useful, faster, better. And we invest in other features for navigation, like the compass and the EchoBot AI drone companion.”

Those other features sound pretty great. The drone can paint a path for you, like you’re casting clairvoyance in Oblivion Remastered, and the compass highlights targets as well as destinations, and indicates their height at the same time—something minimaps are often bad at. However, when Gearbox showed off Borderlands 4 on a recent world tour of preview events (Tyler Wilde attended one for us, and came away pleased with its consistency and also the cool hoverbike), some players did bring up the combat-usefulness of a minimap.

“The people who stuck with their feelings about a combat radar had a point”, Pitchford said. “WE got good at the compass for combat, but combat is all *feel*. Should we require everyone to learn the compass for enemy situational awareness?”

And so, the creative director and UI team pulled together and whipped up a combat radar—though it’ll be off by default. It wasn’t ready in time for the Borderlands Fan Fest, but it will be ready in time for the game’s release on September 12, when Borderlands 4 will be available on Steam and the Epic Game Store.

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June 22, 2025 0 comments

Crypto Trends

Bitcoin ‘Rainbow Chart’ Signals Buying Opportunity, But Weak Demand Raises Concerns

by admin June 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

According to a recent post on X by crypto analyst Crypto Rover, the Bitcoin (BTC) Rainbow Chart is flashing a buy signal, suggesting that the leading cryptocurrency may be on the cusp of a significant upward move. However, weak market demand could pose a risk to this bullish momentum.

Bitcoin Rainbow Chart Flashes Buy Signal

After hitting a new all-time high (ATH) on May 22, BTC has spent nearly a month consolidating between the $100,000 and $110,000 range, without showing a clear directional bias. Now, one of the most well-known indicators – the Bitcoin Rainbow Chart – is pointing toward potential upside for the top digital asset.

Crypto Rover shared the following chart, showing BTC currently trading in the light green, or “buy”, zone of the Rainbow pattern. Historically, Bitcoin has often entered this zone shortly after each four-year halving, signalling potential growth ahead.

Source: Crypto Rover on X

For the uninitiated, the Bitcoin Rainbow Chart is a long-term valuation tool that uses a logarithmic growth curve with color bands to show where Bitcoin’s price stands relative to historical trends. Each color band suggests a different market sentiment, helping investors identify potential overvaluation or undervaluation zones.

While the Rainbow Chart’s buy signal is promising, the broader demand for BTC appears lackluster. In a recent CryptoQuant Quicktake post, contributor Darkfost pointed out that sluggish demand is limiting Bitcoin’s ability to break out.

Darkfost shared the following chart, which compares new BTC supply to coins held inactive for over a year – used to gauge apparent demand. When the ratio moves above zero, it typically indicates strong market demand.

Source: CryptoQuant

Since the last local top in May, this apparent demand metric has been gradually declining, though it remains sufficient to absorb current selling pressure. In essence, while BTC is managing to stay above the $100,000 level, demand is fading – a potential headwind.

However, some encouraging signs remain. In a separate X post, crypto trader Merlijn The Trader noted that the buy/sell pressure delta is showing an oversold signal, implying that short-term sellers could be nearing exhaustion.

Source: Merlijn The Trader on X

BTC Wyckoff Accumulation Nearing End?

Crypto market commentator Ted Pillows added that BTC may be in the final stage of the Wyckoff Accumulation pattern. According to Ted, a decisive breakout above $110,000 could send Bitcoin surging to $130,000 “in no time.”

Source: Ted on X

Overall, Bitcoin continues to demonstrate a healthy technical structure, maintaining support at the $104,000 level. The market also saw notable deleveraging following yesterday’s US Federal Reserve meeting.

That said, Bitcoin exchange activity is starting to show signs of fatigue, while retail investors continue to stay on the sidelines. At press time, BTC trades at $104,128, up 0.2% in the past 24 hours.

BTC trades at $104,128 on the daily chart | Source: BTCUSDT on TradingView.com

Featured Image from Unsplash.com, charts from CryptoQuant, X, and TradingView.com

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June 21, 2025 0 comments

Bitcoin options worth nearly $3B to expire on June 13

GameFi Guides

Bitcoin demand hits record low as short-term holders dump

by admin June 20, 2025

Is fresh interest in Bitcoin fading? A sharp drop in short-term holders and record-low demand momentum suggest that it is.

According to data from on-chain analytics firm CryptoQuant, wallets associated with short-term Bitcoin holders have seen a sharp decline since late May. As of June 19, this group of investors now controls only around 4.5 million BTC, down from 5.3 million on May 27.

The numbers mark a decline of 800,000 BTC, or roughly 15.1%, in less than a month. Short-term holders (STH) are typically investors who bought Bitcoin within the past few weeks or months. In bullish market cycles, this group tends to expand as new entrants buy Bitcoin from long-term holders, fueling price appreciation.

A shrinking STH balance, on the other hand, often signals that fewer new buyers are entering the market, and that those who did recently may be selling, either to take profits or limit losses.

New money is drying up in Bitcoin.

Short-term holders now hold 4.5M BTC, down 0.8M since 27 May.

Demand momentum sinks to –2M BTC, the worst on record. pic.twitter.com/ollWBXHdll

— CryptoQuant.com (@cryptoquant_com) June 20, 2025

CryptoQuant says this is part of a wider slowdown in interest. Demand momentum has plunged by 2 million BTC, the weakest level ever recorded. While spot buying is still happening, it’s also at a much slower pace. Over the past 30 days, Bitcoin demand increased by only 118,000 BTC, down from 228,000 BTC at the end of May.

The decline isn’t limited to retail behavior, as institutional demand is also showing signs of cooling. Whales have reduced their accumulation rate to just 1.7% per month, down from 3.9% a few weeks ago. Additionally, daily purchases by the U.S. Bitcoin ETFs have dropped from 9,700 BTC per day in April to just 3,300 BTC now.

Traders in the futures market are also shifting toward caution. Many sold off their Bitcoin when it hit $110K last week to take profits. Now, more traders are betting against the asset’s price, opening short positions as price slips toward $105K.

Despite the trend, major institutional figures have not slowed down on BTC accumulation.

BlackRock, Strategy, and others bullish on BTC

Earlier this week, BlackRock wrapped up a six-day buying streak, adding $1.4 billion worth of Bitcoin to its portfolio. The purchase boosted its holdings to 670,295 BTC, now valued at $74.8 billion.

Strategy, the largest corporate holder of Bitcoin, also recently added 10,100 BTC to its balance sheet, spending nearly $1.05 billion. The Michael Saylor-led pro-Bitcoin company now holds 592,100 BTC, accounting for around 2.98% of Bitcoin’s total supply.

Japan’s MetaPlanet has also been steadily buying Bitcoin, recently reaching the 10,000 BTC mark. Similarly, Europe-based The Blockchain Group has been growing its holdings, as rising global interest pushes more companies and governments to set new targets and grow their Bitcoin reserves.

Meanwhile, BTC has been moving sideways over the past month between $100,000 and $110,000. At press time, it hovers just over $106,000, roughly up 2.4% from this week’s lowest point.

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June 20, 2025 0 comments

NFT Gaming

Strong Uptake at 10-Year U.S. Debt Sale Counters Demand Concerns, 30-Year Sale May Provide More Evidence

by admin June 12, 2025

Wednesday’s auction of 10-year U.S. Treasury notes undermined the narrative that investors are moving away from U.S. government debt, the bedrock of global finance, and pouring money instead into bitcoin

and gold.

Thursday’s sale of $22 billion of 30-year bonds may provide further clues to investor confidence in the fiscal policies of U.S. President Donald Trump since he initiated the global trade war in early April and help signal whether the notes are losing their shine as the premier fixed-income instrument backed by the deepest liquidity and low credit risk.

At the June 11 auction, demand for the $39 billion of 10-year notes, which offered a yield of 4.421%, outstripped supply by more than 2.5 times, according to Exante Data, and the primary dealer takedown was reportedly just 9%, the fourth-lowest on record. That’s a sign investors did most of the heavy buying. Primary dealers are the institutions authorized by the central bank to trade government bonds, and the takedown refers to the amount of newly issued debt they absorb themselves.

Worsening debt situation

As of June, the U.S. total gross national debt is over $36 trillion, more than 120% of the country’s gross domestic product (GDP).

The deficit, or the excess of government expenditure over revenue, was $1.8 trillion in 2024. The figure is expected to increase by $2.4 trillion in the coming years due to Trump’s tax cut plans. As of now, the U.S. pays $1 trillion as the cost of servicing the debt.

The new issuance, therefore, is more likely to exacerbate the problem and has several analysts pointing to bitcoin and gold as a hedge against the fiscal crisis.

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June 12, 2025 0 comments

NFT Gaming

Bullish Files for IPO as Trump’s Crypto Pivot Drives Demand: FT

by admin June 11, 2025

In brief

Bullish has reportedly filed confidential paperwork with the SEC as it tries to go public again.
It previously abandoned prior efforts in a SPAC merger in 2022 as the market faced a downturn.
It follows Circle’s explosive public debut on the NYSE last week.

Crypto exchange Bullish has submitted paperwork for an initial public offering to the Securities and Exchange Commission, according to a report from the Financial Times, citing sources familiar.

The move marks its second bid to go public, following an initial attempt in a $9 billion merger with a special purpose acquisition company, Far Peak, in July 2021.

Those prospects went dim by late 2022, with aspirations later called off due to prevailing “time constraints and market conditions.”

Now, Bullish is attempting to take another swing following President Donald Trump’s election late last year and subsequent policies geared toward the crypto industry.

As a result, Bitcoin has steadied its pace, finding a range above the $110,000 with its implied volatility showing a record low for the year.

Bullish’s latest attempt comes as crypto companies have caught Wall Street pundits off guard.

Last week, Crypto exchange Gemini confirmed that it filed to go public, just 24 hours after USDC issuer Circle made its euphoric debut on the New York Stock Exchange.

Circle raised more than $1.1 billion, and outperformed some of the U.S.’s most prominent tech companies on launch, with its stock rocketing to 347% days later. That appetite is fueling others’ efforts.

Bullish operates a blockchain-based exchange and acquired crypto media firm CoinDesk in 2023. Its CEO, Tom Farley, previously served as president of the NYSE Group at the Intercontinental Exchange from 2014 to 2018.

Bullish did not immediately respond to Decrypt’s request for comment.

Edited by Sebastian Sinclair

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June 11, 2025 0 comments

NFT Gaming

Why Strategy’s Bitcoin Buys Could Pose Long-Term Risks Despite Boosting Demand

by admin June 11, 2025

In brief

Strategy’s 3% ownership of Bitcoin is approaching “problematic” levels, threatening its reserve asset status, Sygnum says.
Acquisition vehicles have catalyzed Bitcoin demand similar to the impact of ETFs.
Liquid supply constraints could reverse the improvements in volatility, crucial for institutions.

Acquisition vehicles have successfully driven demand for Bitcoin in recent years, but their aggressive accumulation strategies may be undermining the asset’s long-term institutional appeal.

That’s according to the latest analysis from Swiss digital asset bank Sygnum, published on Tuesday.

While these vehicles have supported market demand, Sygnum warned that Strategy’s goal of owning 5% of Bitcoin’s supply risks undermining its status as a safe haven and could render it unsuitable as a reserve asset for central banks.

On Monday, Strategy purchased another 1,045 Bitcoin, worth approximately $110 million, bringing its current total to 582,000 BTC, equivalent to nearly 3% of the maximum Bitcoin supply that will ever exist.

These purchases have gained an all-time profit of above 56%, according to a rough estimate from Saylor Tracker.

While this has helped boost Bitcoin’s price and profile, Sygnum warns the concentration is approaching dangerous levels.

“Large, concentrated holdings are a risk for any asset, Sygnum said in its report. “Strategy’s holdings are approaching a point where they become problematic.”

By portraying its leveraged, large-scale approach as the “new norm,” Strategy may be overshadowing the valid case for smaller, risk-adjusted treasury allocations, which Sygnum sees as a better fit for most companies.

Liquidity, market structure risks

Strategy’s model operates a high-beta proxy, utilizing convertible debt to acquire more Bitcoin while capitalizing on the momentum of its own stock price during bull markets, according to an analysis by Sherwood.

Whenever Bitcoin rallies, Strategy’s stock, MSTR, trades at a premium, enabling the company to raise capital and buy more Bitcoin, fueling a cycle of leverage and bullish sentiment.

Yet the risk in these scenarios is clear.

If Bitcoin enters a prolonged downturn and MSTR falls below the conversion prices of its outstanding notes, the model starts to crack, and it may be forced to liquidate part of its Bitcoin holdings to cover debt obligations, Sygnum researchers explained.

“The perpetual dividend mitigates the risk” from debt-funded Bitcoin purchases, where gains and losses move in lockstep, they noted.

But if Strategy “chooses to sell Bitcoin instead to avoid the additional drag of the share discount,” the result could be a “very damaging signal to the market.”

Edited by Sebastian Sinclair

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

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June 11, 2025 0 comments

Game Reviews

Switch 2 Is Selling Out But Nintendo Says It Can Meet Demand

by admin June 6, 2025

Photo: Nintendo

ChickenDog was the first person to get a Switch 2 at launch in New York City, and Nintendo promises he’ll be far from the last. Even as the new system starts selling out at most retailers, the company says it believes it will be able to meet demand through the rest of 2025, avoiding the scarcity issues that plagued the PlayStation 5 for years.

Nintendo Switch 2 Could Launch With Almost No Reviews

While the June 5 launch of Nintendo’s new hardware has gone relatively smoothly, with fans who lined up early for pre-orders and day-off inventory able to secure their Switch 2, latecomers are already finding it harder to get. While new inventory comes and goes on a rolling basis, places like Best Buy, Walmart, Target, and GameStop are already showing the Switch 2 as “out of stock” more often then not.

Still, Nintendo of America President Dough Bowser sought to reassure people that even if the Switch 2 becomes hard to find, it won’t be impossible to get. “We have a steady supply of manufacturing that’ll be coming in and we believe we’ll be able to meet that demand all the way through the summer, through Father’s Day, and then on into the holiday period,” he said on CBS Mornings this week (via NintendoLife), adding that stores often stagger their inventory availability instead of unleashing it all at once.

The hosts also grilled Bowser on the Switch 2’s $450 price tag, the highest non-inflation adjusted price in the company’s history. He stressed that the new hardware was “built from the ground-up” with new features and better specs, pushing back against the implication that it’s an overpriced upgrade. He was also asked about tariffs, which still threaten to torpedo that pricing strategy if a current pause lapses next month.

“It’s still a very fluid and complex situation as it is for most companies,” Bowser said. “We’re continually looking at various scenarios of how we make sure we can keep our pricing as low as possible and the products as obtainable as possible. For the Switch 2 we’ve already announced we’ll be holding our pricing for $449 for the base unit and $499 for the bundle with Mario Kart World but we did have to take some pricing [increases] on some accessories.”

While Nintendo hasn’t released official sales figures, the Switch 2 already seems to be shaping up to be the company’s biggest new console release ever. And it’s not just the Switch 2 flying off shelves during launch week. Limited stock of physical games and even many first-party accessories also seem to be selling through at many big box stores. Kotaku has heard from sources at some retailers like GameStop that many stores are expected to get new allotments of inventory as early as next week. We’ll see if the “out of stock” signs Nintendo sent stores mostly just collect dust or stay up through the summer.

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June 6, 2025 0 comments