Everything web3, crypto, defi, degen
In brief SharpLink Gaming added around $250 million in Ethereum to its treasury last week. The firm now holds nearly 800,000 ETH valued around $3.6 billion. Myriad predictors are split as to whether or not the firm will reach its goal of 1 million ETH by mid-September. Gambling marketer turned Ethereum treasury company SharpLink Gaming…
In brief Standard Chartered’s Geoffrey Kendrick sees Ethereum’s pullback from its all-time high as a “great entry point” with $7,500 target by end of 2025. Treasury companies and ETFs have purchased 4.9% of circulating ETH since June, with buying pressure driving the recent surge to $4,953 all-time high. Ethereum ETFs attracted $444 million inflows Monday…
BTC WHALE CAUSES MINI-CRASH, ETH HITS ATH, FOOTBALLFUN GOES VIRALETH hits new ATH then retreats. Whale dumps 24k BTC, triggers mini-crash. Only 18.3m ETH is left on exchanges. Jump & Galaxy plan $1bn SOL treasury vehicle. Sharps Technology plans $400bn SOL DAT. VanEck files for first SOL liquid staking ETF. Sharplink to buy back $1.5b…
In brief Pantera may launch “Solana Co.” to hold Solana tokens as a corporate treasury asset. The effort would begin with a $500 million raise, followed by $750 million in warrants. A single entity could end up holding more Solana than all current public treasuries combined. Pantera Capital is reportedly seeking to raise up to…
In brief Canary Capital has applied for a “Made in America” crypto ETF. The fund, if approved, would give investors exposure to digital coins created in the U.S. or primarily backed by U.S. operations. Canary Capital has applied for a number of altcoin ETFs, including Litecoin and Tron. Crypto fund manager Canary Capital has applied…
In brief Three major crypto firms are said to be raising $1 billion for a Solana treasury fund. Solana is down 5% today, reeling from the weekend crypto market crash. Futures data shows bullish positions among speculative traders. Three of the crypto industry’s most influential firms—Galaxy Digital, Jump Crypto, and Multicoin Capital—are in talks to…
Just two days after finally breaking past its all-time high mark set all the way back in November 2021, Ethereum climbed to an even higher peak on Sunday.Ethereum rose as high as $4,945 on Sunday, per data from CoinGecko, while CoinMarketCap shows an even higher jump to $4,948. ETH remains close to both marks, currently…
In brief VanEck filed on Friday a proposal for an exchange-traded fund tracking the price of JitoSOL. The U.S. SEC earlier this month determined that liquid-staking tokens are not securities, clearing a path to putting them in ETF wrappers. The filing comes as investor demand for staked crypto ETFs increases. VanEck submitted an application to…
In brief Ethereum hit a new all-time high price, breaking a record set back in 2021. The second-biggest cryptocurrency had lagged behind Bitcoin in gains, and long lingered well short of its previous peak. Institutional adoption and a favorable regulatory landscape have helped the coin in recent months. Ethereum hit a new all-time high price…
In brief Bitcoin ETFs are experiencing a significant sell-off, with over $1.1 billion in outflows over the past five days as investors de-risk ahead of the Jackson Hole symposium. Ethereum ETF flows have bucked the bearish trend, with a strong inflow on August 21. Crypto market remains highly volatile with significant liquidations and key price…
