12 Aug 2025, 05:35

Sharplink Gaming is raising an additional $400 million by selling its shares

Sharplink Gaming, an online gaming marketer, is raising an additional $400 million by selling its shares to five global investors at $21.76 per share. The goal is to boost its ETH holdings beyond $3 billion, or approximately 1% of the ETH circulating supply. The online gaming marketer’s stock spiked to $28 before closing the day at $22.34. Alliance Global Partners (AGP) acts as the sole placement agent, and Cantor is the financial advisor for the registered direct offering. The sale is expected to close on August 12, 2025. The agreement strictly follows Form S-3ASR, declared effective by the U.S. Securities and Exchange Commission (SEC) on May 30, 2025. Sharplink insisted that the transaction followed proper regulatory standards and aimed to provide immediate access to capital. Sharplink’s stock surges to $28.26 before closing down at $22.76 Sharplink Gaming platform, an online gaming marketer, had approximately 598,800 ETH holdings as of August 10, 2025, valued at over $2.5 billion at the current price. The firm aims to increase its holdings beyond $3 billion through the $400 million capital raise, plus an additional $200 million to be gained from the market program proceeds, pending deployment. The company revealed that its goal is to accumulate approximately 1% of the total ETH supply. SharpLink’s ETH holdings expected to exceed $3B following $400M registered direct offering with institutional investor https://t.co/U1bU6UCHYf pic.twitter.com/uXZLNGIe9Q — SharpLink (SBET) (@SharpLinkGaming) August 11, 2025 Joseph Chalom, co-CEO of Sharplink, revealed that the previous fundraising momentum, which saw up to $900 million raised in the past week, shows investor confidence in the company’s treasury strategy and Ethereum’s long-term potential. Sharplink stock opened at $24 and surged to $28 during the intraday trading. The stock closed at 22.34, a 6.63% drop, on the same day. The weekly timeframe shows the stock is still up 17.55% over the past week. The online gaming marketer aims to form an Ethereum strategy amid growing interest from public institutions to establish ETH treasuries. Firms such as BitMine , EtherMachine, and BitDigital cumulatively hold billions of dollars in Ethereum. As of today, BitMine holds 1.2 million ETH, Bit Digital holds 120,306 ETH, and EtherMachine holds 345,362 ETH. Analysts say public treasuries could hold up to 10% of ETH Ethereum is currently trading at $4,229, up over 9.5% over the past week and 45.3% over the past month. The token is presently 13% of its all-time high of $4,878. A Standard Chartered analyst has projected that public Ethereum treasury firms would eventually control up to 10% the total circulating supply. Sharplink has incorporated its operations with blockchain-based financial management. Its management team revealed that holding ETH as a primary treasury asset provides them with a strong balance sheet and alignment with the growth of DeFi technologies. According to Strategic ETH data , ETH treasuries accumulated 1% of all ETH supply in just two months, with holdings worth $9 billion. Geoff Kendrick of Standard Chartered predicts that the figure could grow tenfold, and eventually, the firms will control up to 10% of the token supply. At least 75% of users on Myriad , a market prediction forum, believe that Ethereum will beat its record price before the end of the year. Kendrick cited BitMine and Sharplink as companies that have grown at twice the rate of Bitcoin treasury firms since June. He said that DeFi utility and regulation inefficiencies are the key drawbacks for institutions. Some analysts from Bernstein warned that liquidity issues and smart contract risks tied to stacking and DeFi participation add to the list of drawbacks faced by treasury firms. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.

12 Aug 2025, 05:30

Bitcoin Price: Remarkable Stability Near All-Time Highs Signals Low Reversal Risk

BitcoinWorld Bitcoin Price: Remarkable Stability Near All-Time Highs Signals Low Reversal Risk The cryptocurrency world is buzzing as the Bitcoin price continues to trade remarkably close to its all-time highs. Despite reaching such lofty levels, a prominent analyst suggests that the likelihood of a sharp market reversal is surprisingly low. This insight offers a compelling perspective for investors and enthusiasts alike, challenging conventional wisdom about market peaks. Understanding Current Bitcoin Price Dynamics Axel Adler Jr., a seasoned analyst from CryptoQuant, recently shared his expert observations on X, highlighting a crucial aspect of the current market cycle. He noted that Bitcoin’s (BTC) realized profit-and-loss ratio is currently holding at an average level. This is a significant detail, especially considering the cryptocurrency’s proximity to its BTC all-time high . What does this mean for the everyday investor? Essentially, it suggests that the market is not exhibiting the same kind of overheated euphoria seen in previous bull runs. Therefore, the risk of a sudden, drastic correction appears mitigated. What Do Market Indicators Reveal About Bitcoin Stability? Adler’s analysis emphasizes that the current state of market indicators points towards unexpected Bitcoin stability . Unlike past cycles where extreme profit-taking behavior preceded significant pullbacks, the present scenario appears more balanced. This suggests a more mature market where participants are not rushing to lock in profits at the first sign of a peak. Realized Profit-and-Loss Ratio: This metric tracks the average profit or loss taken by investors when they sell their Bitcoin. An average level indicates a healthy, sustainable market, not one on the verge of collapse. Reduced Overheating: The absence of extreme greed or fear prevents the rapid accumulation of speculative positions that often lead to sharp corrections. This data-driven approach provides a more nuanced understanding of Bitcoin’s current position, moving beyond simple price action. Navigating the Crypto Market Outlook: Why Sharp Pullbacks Are Less Likely For many, the idea of Bitcoin nearing its all-time high without an immediate, sharp reversal seems counterintuitive. However, Adler’s assessment underlines that the likelihood of a sharp market pullback is currently much lower than during previous overheated cycles. This positive crypto market outlook is based on fundamental shifts in investor behavior and market structure. Previous cycles often saw retail investors piling in late, creating bubbles that were prone to bursting. Today, the market has matured, with increased institutional participation and more sophisticated trading strategies. This contributes to a more resilient and less volatile environment, even at elevated price levels. Actionable Insights for Bitcoin Investors Given these insights into Bitcoin price trends and underlying market health, what should investors consider? While no market is entirely without risk, the current data suggests a potentially less volatile path forward for Bitcoin compared to historical precedents. Investors might consider: Long-Term Perspective: Focus on Bitcoin’s long-term growth potential rather than short-term fluctuations. Diversification: As always, maintaining a diversified portfolio helps mitigate risks. Staying Informed: Regularly follow expert analysis and market indicators to make informed decisions. Understanding these dynamics can help you navigate the market with greater confidence and make more strategic investment choices. In conclusion, while the Bitcoin price flirts with new all-time highs, the underlying market structure, as highlighted by CryptoQuant’s analysis, suggests a period of surprising stability. The realized profit-and-loss ratio indicates a healthy, balanced market, significantly reducing the probability of a sharp, immediate reversal. This offers a reassuring perspective for those tracking the future of the crypto market, pointing towards a more sustainable growth trajectory rather than volatile boom-and-bust cycles. Frequently Asked Questions (FAQs) What does an average realized profit-and-loss ratio mean for Bitcoin price? An average realized profit-and-loss ratio indicates that investors are not excessively taking profits or incurring large losses. This suggests a balanced market, reducing the likelihood of a sharp sell-off or extreme FUD (Fear, Uncertainty, Doubt). Is a sharp Bitcoin market pullback completely ruled out? While the likelihood is significantly lower than in previous overheated cycles, no market movement is ever completely ruled out. External factors or unforeseen events can always impact the crypto market outlook . However, current internal market indicators suggest a reduced risk. How does the current market differ from previous BTC all-time high cycles? Unlike previous cycles, the current market shows more balanced profit-taking behavior and less speculative overheating. Increased institutional adoption and a more mature investor base contribute to greater Bitcoin stability , even at high valuations. What are key market indicators to watch for Bitcoin stability? Beyond the realized profit-and-loss ratio, other important market indicators include funding rates, exchange inflows/outflows, and on-chain metrics related to long-term holder behavior. These collectively provide a holistic view of market health. Should I invest in Bitcoin when it’s near its all-time high? Investing decisions depend on individual risk tolerance and financial goals. While analysts suggest reduced reversal risk, it is always prudent to conduct your own research, consider dollar-cost averaging, and consult with a financial advisor. If you found this analysis insightful, please consider sharing it with your network! Spreading knowledge about Bitcoin price trends and market dynamics helps everyone make more informed decisions in the evolving crypto landscape. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Bitcoin Price: Remarkable Stability Near All-Time Highs Signals Low Reversal Risk first appeared on BitcoinWorld and is written by Editorial Team

12 Aug 2025, 05:30

Bybit Web3 Lists Eight New Tokens, Supports Direct Trading with USDT, USDC, SOL, BBSOL

BitcoinWorld Bybit Web3 Lists Eight New Tokens, Supports Direct Trading with USDT, USDC, SOL, BBSOL DUBAI, UAE, Aug. 12, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, today announced the listing of eight new tokens on its all-new Bybit Web3 platform , expanding users’ access to on-chain opportunities. The newly listed tokens are: Ava AI (AVA) TROLL (TROLL) The Spirit of Gambling (Tokabu) Housecoin (House) unstable coin (USDUC) Uranus (URANUS) PYTHIA (PYTHIA) Illusion of Life (SPARK) Bybit Web3: Efficient Integration With the new Bybit Web3, users do not need to juggle multiple external wallets, top up gas tokens, or navigate clunky DeFi interfaces. Users can now buy and sell these tokens directly using USDT, USDC, SOL, or BBSOL from their Unified Trading Account (UTA) — instantly, securely, and without any setup hassle. Proceeds from token sales are automatically credited to the user’s UTA, ensuring a seamless flow of liquidity between centralized and decentralized markets. This efficient integration delivers the speed and convenience of a centralized exchange combined with the innovation and opportunities of Web3. Bybit Web3 already supports a growing roster of trending Solana-based assets, giving traders access to early-stage projects and emerging market opportunities. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: [email protected] For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube This post Bybit Web3 Lists Eight New Tokens, Supports Direct Trading with USDT, USDC, SOL, BBSOL first appeared on BitcoinWorld and is written by chainwire

12 Aug 2025, 05:30

Paxos Renews Push for US National Trust Bank Charter

Approval from the Office of the Comptroller of the Currency (OCC) will allow Paxos to custody assets and settle payments nationwide under federal oversight, which could help boost institutional appeal. The filing follows the enactment of the GENIUS Act, the first federal framework for stablecoin issuers, which bans yield-bearing stablecoins. Industry experts believe this will accelerate capital into tokenized assets as institutions look for compliant ways to earn yield. Paxos’ move also happened after a $48.5 million NYDFS settlement and during a time of growing momentum for tokenization in markets. Paxos Eyes Federal License Paxos Trust Company, the crypto infrastructure firm behind PayPal’s PYUSD stablecoin, filed to convert its New York limited-purpose trust charter into a US national trust bank charter, reviving its effort that expired in 2023. If approved, the federal charter from the Office of the Comptroller of the Currency (OCC) will allow Paxos to custody customer assets and settle payments nationwide under federal oversight. This could potentially make the company more attractive to institutional clients. Unlike traditional banks, national trust banks are not permitted to accept cash deposits or issue loans. Paxos co-founder and CEO Charles Cascarilla said OCC oversight will strengthen the company’s long-standing commitment to safety and transparency. Press release from Paxos The renewed application was filed after the expiration of Paxos’ original federal charter approval. The company first applied in December of 2020 and received preliminary conditional approval in April of 2021, which allowed it to work toward meeting capital, compliance, and operational requirements before launching. However, OCC rules stipulate that conditional approvals expire after 18 months if the bank is not opened, and Paxos’ authorization lapsed on March 31, 2023. During that time, the firm continued to operate under its New York limited-purpose trust charter, which it has held since 2015 , and expressed interest in pursuing federal oversight when the timing was more favorable. The expiration came during a period of mounting regulatory pressure, particularly surrounding Paxos’ relationship with Binance. In February of 2023, the New York Department of Financial Services (NYDFS) ordered Paxos to stop issuing Binance USD due to compliance concerns, which ultimately ended its partnership with the exchange. This scrutiny culminated recently when Paxos agreed to a $48.5 million settlement with the NYDFS over alleged failures to maintain adequate anti-money laundering safeguards during its dealings with Binance. The agreement includes a $26.5 million fine and a $22 million investment in strengthening its compliance program. Announcement from the NY Department of Financial Services Paxos’ renewed application also came shortly after the enactment of the GENIUS Act, which is the first federal framework for stablecoin issuers. Similar charter applications were also filed by companies like Ripple and Circle. GENIUS Act Fuels Tokenization Shift The recently enacted US GENIUS Act could become a major driver of stablecoin adoption both domestically and globally, but its impact may go beyond boosting demand for dollar-backed digital currencies. Industry experts believe the law could unintentionally accelerate capital flows into the tokenization market as investors search for yield on their holdings. One of the central provisions of the GENIUS Act is its prohibition on yield-bearing stablecoins, which prevents holders from earning interest on their digital dollar balances. According to Will Beeson, former Standard Chartered executive and founder of Uniform Labs, this restriction will push t institutions to look for compliant avenues to earn yield while maintaining liquidity. He said in an interview that trillions of dollars in non-interest-bearing stablecoins are poised to enter the digital finance space, and institutional holders are unlikely to sit on idle, depreciating assets. Instead, they will demand yield and infrastructure that allows seamless, compliant access to it. Beeson believes the focus will shift from merely holding stablecoins to enabling programmatic access to risk-free yield and the ability to move between cash and high-quality assets on demand. Aptos Labs’ Solomon Tesfaye, also sees tokenization benefiting as much as stablecoins from the GENIUS Act’s framework. To meet this demand, Uniform Labs is developing Multiliquid, an institutional liquidity layer for tokenized markets that facilitates programmable, real-time conversion between tokenized assets — like US Treasurys and money market funds — and stablecoins. The platform’s open architecture allows compliant issuers to integrate without commercial agreements. While Beeson declined to name partners, he confirmed that Uniform Labs is collaborating with several leading institutions, fintech firms, and stablecoin issuers ahead of its planned launch later this year. Before founding Uniform Labs, Beeson was chief product officer at Libeara, a tokenization platform incubated by Standard Chartered’s SC Ventures. The tokenization trend, according to World Economic Forum’s Sandra Waliczek , is set to expand beyond private credit and government bonds into asset classes like real estate and private equity. She pointed out that tokenization enables fractional ownership by breaking traditionally exclusive assets into smaller, more affordable units, thereby broadening access to a wider range of investors.

12 Aug 2025, 05:28

BONK dips 11% despite getting corporate treasury boost: check forecast

The cryptocurrency market had an excellent weekend but begins the new week bearish. After breaking above $122k on Sunday, Bitcoin has now dropped below $119k after losing 2.3% of its value in the last 24 hours. Altcoins are also in the red, with memecoins recording huge losses due to their volatile price actions. BONK, the native token of the Bonk ecosystem, is the worst performer among the top 50 cryptocurrencies by market cap. It is down 12% in the last 24 hours and could dip further if the bearish trend continues. BONK gets a $25m corporate treasury boost BONK’s poor performance comes despite the ecosystem getting a corporate treasury boost. Nasdaq-listed Safety Shot (SHOT) announced on Monday that it has taken a 10% revenue stake in Bonk.fun, among the largest memecoin launchpads on Solana. This latest development means that Safety Shot will receive $25 million worth of BONK for its treasury, aligning the public company directly with the platform’s growth. Furthermore, the Nasdaq-listed company revealed that it will issue preferred shares convertible into common stock and reinvest about 90% of its BONK.fun revenue into BONK token purchases. CEO Jarrett Boon pointed out that this latest development isn’t only about purchasing cryptos but acquiring a stake in “a highly profitable engine” within digital assets. Bonk’s launchpad, Bonk.fun, generated over $35 million in user fees in July, surpassing rival Pump.fun to become the highest-earning memecoin launchpad last month. Currently, Bonk.fun accounts for more than 80% of Solana’s daily new token launch market share. At its peak, the launchpad records over 20,000 tokens deployment, with daily volume surpassing $100 million. However, the corporate treasury boost didn’t result in the BONK’s price soaring higher as the broader crypto market recorded massive sell-off in the last 24 hours. BONK could bounce back $0.000030 despite bearish conditions The BONK/USD 4-hour chart is bullish and efficient despite the heavy selloff in the last 24 hours. The bullish chart suggests that there is no major break of structure to the downside and that buyers are still in control despite the ongoing correction. However, the technical indicators are getting weak, indicating that the bullish bias might change soon if the current trend continues. The MACD lines are crossing into the negative territory, indicating a pending bearish bias. Furthermore, the RSI has dropped to the neutral 50, suggesting that buyers are losing control of the market. If the bearish trend continues, BONK could drop below the TLQ and major support level at $0.00002358 in the coming hours. An extended bearish run would see BONK fall below $0.000020 for the first time this month. However, the market could bounce back on positive CPI inflation report later today. If that happens, BONK could quickly reclaim the first major resistance level at $0.02880. It could extend its rally towards $0.00003280 if the market pumps harder. The post BONK dips 11% despite getting corporate treasury boost: check forecast appeared first on Invezz

12 Aug 2025, 05:26

Bitcoin Traders Eye $135K, Ether $4.8K in Crosshairs as CPI Data Looms

Crypto markets extended gains into Tuesday’s U.S. inflation print, with bitcoin (BTC) holding above $118,000 after a 2.2% daily rise and ether (ETH) steady at $4,300, capping a 17.2% weekly surge that has it closing in on its $4,800 record. Gains were broad across majors as XRP (XRP) climbed 3.2% to above $3.16, Solana’s SOL (SOL) rose 5.2% to $176, dogecoin (DOGE) rose 5.7% to 22 cents, and Binance’s BNB (BNB) added 1.2% to $800. Lido’s staked ether mirrored ETH’s move with an 18% weekly gain. The global cryptocurrency market cap rose to $4 trillion, according to CoinGecko. This week’s rally has flipped the usual dynamic, with altcoin strength dragging BTC higher instead of the other way around. “This is one of the few times when a rally in major altcoins has inspired BTC to break through,” said Alex Kuptsikevich, chief market analyst at FxPro. He noted BTC has already cleared the $120,000 technical barrier, with “the bull’s nearest target now looking to be the $135,000–$138,000 area.” ETH’s outperformance has been bolstered by pro-crypto U.S. legislation and heavy ETF inflows. “Ethereum has gained over 21% in seven days and 45% in the last 30 days,” Kuptsikevich said, adding that the token’s on-chain activity and address growth are nearing historical highs. “We would not be surprised to see its $4,800 peak updated in the coming days.” Macro correlations remain tight with the S&P 500 and Nasdaq are trading near records, shrugging off fresh U.S. tariffs and political drama. The consensus for today’s CPI is a 10-basis-point uptick to 2.8% annual inflation. QCP Capital said in a client note that a softer reading “would likely lock in September rate cut expectations” — now near 100% odds after dovish Fed commentary — while a hotter print could stall the rally. Derivatives flows show traders hedging CPI event risk, with front-end BTC puts in the $115,000 – $118,000 range seeing heavier demand, QCP said, even as short-call covering adds fuel to the upside. BTC ETF inflows and institutional positioning will be critical in determining whether resistance at $122,000 – $124,000 breaks before the week’s end, the firm ended. Read more: ETH Transaction Volume Climbs on Price Rally, Cheaper DeFi Costs