Crypto News
SharpLink Gaming Drops $780 Million on Ethereum in July
The firm has also generated 772 ETH from staking this year.Source link
Samsung and Coinbase Join Forces to Bring Crypto Access to Millions of Mobile Users
Coinbase now lets users fund accounts through Samsung Pay, rolling out as a new payment and deposit option for trading directly within the leading U.S. crypto app. Samsung Pay Integration Lets Coinbase Users Fund Accounts Without Re-Entering Info Samsung and Coinbase announced on July 29 that Samsung Wallet users can now access Coinbase’s cryptocurrency servicesSource link
Polkadot’s DOT Slips 3% as Failed Recovery Attempts Signal Weakness
Polkadot's DOT dropped more than 3% in the last 24-hours, sliding from $4.09 to $3.96, according to CoinDesk Research's technical analysis model.Support has formed around $3.91-$3.93 levels with notable volume spikes during overnight trading sessions, according to the model.Volume analysis points to exhausted selling near current support zones.The Tie presented a webinar today about real-world use cases for the Polkadot blockchain, according to a post on X.The drop in DOT came as the wider crypto market also fell, with the broader market gauge, the Coindesk 20, recently down 1.2%.In recent trading, DOT was 3.1% lower over 24 hours, trading around $3.95.Technical Analysis:Price declined more than 3% over 24-hour period from $4.09 to $3.96.Support levels established around $3.91-$3.93 range.Resistance zone identified...
ETH Treasury Race Heats Up: BitMine Still Ahead Despite SharpLink’s Latest Ether Purchase
Ether (ETH) is holding steady above $3,800, according to CoinDesk Data, as the battle for dominance among corporate ETH treasuries intensifies. On Tuesday, SharpLink Gaming (SBET) announced it had purchased an additional 77,210 ETH last week, worth nearly $290 million at an average price of $3,756. The move raises SharpLink’s total ether holdings to 438,190 ETH, valued at roughly $1.69 billion.The Minneapolis-based firm has now raised over $279 million in net proceeds during the week of July 21 through its at-the-market (ATM) equity facility. Since launching its ETH treasury strategy on June 2, SharpLink has aggressively ramped up purchases while generating a total of 722 ETH in staking rewards. The company also said its ETH concentration ratio — measuring total...
The ‘Alchemy of 5%’ Ethereum—Bitmine Launches $1 Billion Share Buyback
On Tuesday morning, Bitmine Immersion Technologies announced a $1 billion program to repurchase its outstanding common stock. The open-ended program, approved by the board, allows Bitmine to buy shares on the open market or through negotiated transactions. Chairman Tom Lee stated the move aligns with achieving “the alchemy of 5%” of ETH, suggesting repurchases couldSource link