SharpLink Gaming has secured $200 million from institutional investors in a direct offering, setting the stage for what could become one of the largest ETH treasuries in the world, surpassing $2 billion in value, according to the company. Summary SharpLink Gaming raised $200M from institutional investors to boost its Ethereum treasury beyond $2B. The move…
Donald Trump made his key pro-crypto statements during the 2024 Nashville crypto conference. He notably said, “For too long our government has violated the cardinal rule that every bitcoiner knows by heart: Never sell your Bitcoin.” He repeated this when signing the law that created the Strategic Bitcoin Reserve. In the past, the U.S. government…
U.S. stocks tied to Ethereum treasuries surged in pre-market trading today, driven by Ethereum’s 5.5% price rally and record highs in on-chain metrics. Here’s what this momentum might mean for Ethereum ETFs. Summary U.S. ETH-linked stocks, including SBET, BMNR, and BTCS, surged in pre-market trading today with gains up to 10%. The premarket enthusiasm is…
Large XRP holders are back to offloading their bags, and analysts fear that the impact could soon start showing up in the price. Summary Large XRP holders have resumed heavy outflows, pushing the 90-day whale inflow average into negative territory. Analysts draw comparisons to a similar pattern earlier this year that preceded a 50% price…
Aave has pulled back from the value area high and is now trading near the point of control. A bullish channel formation is developing, with a potential reversal setup forming at support. Summary AAVE is forming a bullish trading channel with support near $227. The current correction is healthy if the channel low is respected….
The SEC has clarified that certain liquid staking models do not constitute securities offerings, providing a clearer regulatory framework for Ethereum-based staking protocols. Summary The SEC’s Division of Corporation Finance issued a staff-level statement clarifying that properly structured liquid staking arrangements do not qualify as securities under federal law. Liquid staking models that rely on…
The U.S.-listed Bitcoin-tracking exchange-traded funds have finally broken their losing streak, snapping back with a positive trading session after days of heavy outflows. Summary U.S.-listed Bitcoin ETFs pulled in $91.6 million in net inflows on August 6, snapping a multi-day outflow streak. Bitcoin is currently hovering near $115,000, down about 6.5% below its $123,000 all-time…
MAMO crashed shortly after it began trading on Coinbase, halting a week-long surge that had pushed the token up over 120%. Summary MAMO dropped nearly 20% after its Coinbase listing, after gaining over 120% earlier in the week. Trading volume for MAMO surged 150% over the past day as traders seem to be locking in…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The buzz around real-world asset tokenization is reaching fever pitch, with multi-trillion-dollar forecasts capturing headlines and investor imaginations. Yet while this narrative has raced ahead, the reality is more modest: the total…
U.K. listed oil and gas company Union Jack Oil intends to with partner with a joint venture to deploy Bitcoin mining facilities at a West Newton gas field. Will it lead to a Bitcoin treasury? Summary Union Jack Oil has signed a letter of intent to deploy with Texas-based 360 Energy to deploy Bitcoin mining…
