Crypto News

SharpLink Gaming (SBET), a Nasdaq-listed ether treasury firm, said it has raised $200 million to buy more ether (ETH) in expectation of boosting its holdings to more than $2 billion worth of the second-largest cryptocurrency.The Minneapolis-based company entered into a securities purchase agreement with four institutional investors to raise the capital through a direct offering at a price of $19.50 per share, it said in a statement.The firm's ether holdings sit at 521,939 ETH as of its latest purchases, worth just under $2 billion based on ether's price of $3,830.65 at the time of writing. SharpLink shares rose around 3.3% at $22.97 in the late U.S. morning on Thursday, following ETH's 4.5% rally over 24 hours to reclaim the $3,800...

Over the last ten years, the crypto world has seen an avalanche of digital coins and tokens spring to life, each hitting the market through its own unique debut. This week, we put several leading generative artificial intelligence (AI) chatbots to the test, asking them to name the fairest launch in crypto history. Shock PollSource link

Popular memecoin PEPE has risen more than 5% over the last 24 hours, powered by a high-volume breakout that helped the token’s price surge above a recent resistance level.The upward trend formed on a series of higher lows, a sign of sustained buying interest, according to CoinDesk Research's technical analysis data model.. Volume spikes accompanied each move higher, suggesting that larger investors may be accumulating.While the rally has technical strength, the broader context is more complicated.Trading volume across PEPE derivatives contracts has dropped 73% since mid-July according to CoinGlass data. That drop in activity comes amid a rise in the PEPE token holdings of the 100 largest addresses on the Ethereum network. Over the past 30 days, these addresses added...

This content is provided by a sponsor. PRESS RELEASE. Little Pepe (LILPEPE), an emerging EVM Layer-2 token, has once again outpaced expectations, closing out Stage 9 of its presale well ahead of schedule. The project has entered Stage 10 at a new price of $0.0019. That marks a 90% increase from its Stage 1 price,Source link

In today's Crypto for Advisors newsletter, Alex Tapscott, explains the flywheel effect, and it’s impact on the crypto markets.Then, Natalie Hirsch from Polymath answers questions about questions about investing in public crypto companies in Ask an Expert.Thank you to our sponsor of this week's newsletter, Grayscale. For financial advisors: register for the upcoming Minneapolis event on September 18th.Unknown block type "divider", specify a component for it in the `components.types` optionThe Crypto Flywheel Keeps Spinning!These days it’s become fashionable to describe how crypto is driving a "flywheel effect" in the market, and that is a reason to be bullish. But what is the flywheel effect, exactly?The term was popularized by Jim Collins in his 2001 book "From Good to Great." Collins asked...