Crypto News
Joe Lubin’s SharpLink Boosts ETH Holdings to Nearly 800K, Raised $361M in Fresh Capital
SharpLink Gaming (SBET), the Nasdaq-listed digital asset treasury firm led by Ethereum co-founder Joe Lubin, added 56,533 ether (ETH) to its balance sheet last week, lifting its total holdings to almost 800,000 ETH worth about $3.6 billion.The purchases, made between Aug. 18 and Aug. 24, averaged $4,462 per ETH, according to a Tuesday press release. SharpLink also reported staking rewards had risen to 1,799 ETH since the firm launched its treasury strategy in June.The Minneapolis-based company also disclosed in the update that it raised $360.9 million in net proceeds last week through its at-the-market (ATM) share issuance program. There's about $200 million in cash still available for further ETH acquisitions, the firm said.SBET rose 1.1% in the early minutes of...
Ethereum, ETH Treasuries at ‘Good Entry Point’ After Market Pullback: Standard Chartered
Standard Chartered is setting a $7,500 year-end price target for Ether, and argues ETH treasury companies make more sense than BTC alternatives.Source link
MATIC Price Prediction: Polygon Eyes $0.45-$0.50 Breakout Despite Bearish Momentum
MATIC price prediction shows potential 18-32% upside to $0.45-$0.50 in coming weeks, but must break critical $0.58 resistance for medium-term targets of $1.70-$2.10. (Read More)Source link
Bitwise Files to Launch a Spot Chainlink ETF, LINK Bounces 5%
Digital asset manager Bitwise is preparing to launch a spot-based exchange traded fund (ETF) focused on holding the native token of Chainlink (LINK), a first in the U.S.According to the S-1 registration statement filed with the U.S. Securities and Exchange Commission on Tuesday, the Bitwise Chainlink ETF aims to provide investors with direct exposure to LINK and named Coinbase Custody as the proposed custodian for the tokens.The filing fits into a broader trend of asset managers seeking to launch altcoin-focused spot ETFs in the U.S. as regulatory headwinds receded under the Trump administration, following the success of bitcoin (BTC) and ether (ETH) vehicles.LINK bounced 5% from the overnight lows on the news, but was still down 1.6% over the past...
ETH Price Prediction: Ethereum Targets $5,200 by September Despite Current Weakness
ETH price prediction points to $5,200 target within 4 weeks as technical indicators suggest current dip to $4,400 offers strategic buying opportunity. (Read More)Source link