SharpLink reported a strong revenue increase to $11.5 million in Q2 but suffered a $394.3 million net loss largely due to non-cash accounting losses from Ethereum price fluctuations. The company expanded its Ethereum holdings to nearly 889,000 ETH and raised $75 million in capital, using part of it to buy 10,000 ETH. Operational costs rose as SharpLink scaled its business and supported Ethereum ecosystem projects. Post-quarter, it launched a $125 million onchain yield fund with Galaxy, signaling ongoing growth efforts despite market challenges.
Donald Trump's promise to send $5,000 stimulus checks to Americans if Republicans retain Congress has sparked predictions of rising prices for bitcoin, gold, and land. Bitcoin investor Anthony Pompliano sees larger government handouts driving demand ...
Binance Coin (BNB) recently surged past the key $745 resistance level, marking a significant shift to a bullish long-term trend. Technical indicators like CMF, OBV, and RSI support this positive outlook, with the $700 zone now acting as support. The ...
Shiba Inu saw a significant net inflow of 241.9 billion tokens to exchanges within 24 hours, indicating increased selling activity despite an earlier 4% price rise. This large token movement suggests traders are offloading SHIB, which has led to a sh...
Grayscale Investments has filed with the SEC to rename its Grayscale Litecoin Trust as the Grayscale Litecoin Trust ETF, aiming to list it on NYSE Arca. This move would allow the trust to operate as a proper ETF with creation and redemption mechanism...
Ethereum experienced sharp price swings after briefly rising above $2,600 then falling near $2,400. Wintermute transferred 61,847 ETH worth $160.3 million to Binance and Coinbase, raising concerns about potential selling. However, exchange supply of ...
