SharpLink Gaming (SBET) has strengthened its position as one of the largest corporate holders of Ethereum, announcing that its Ether (ETH) treasury has climbed to 740,760 tokens following major purchases last week. The total value of these holdings is now over $3.18 billion, though the firm’s pace of acquisition remains behind rival BitMine Immersion Technologies (BMNR). $537 Million Raised to Fund ETH Purchases To finance the accumulation, SharpLink raised $537 million in net proceeds during the week ending August 15, 2025. The breakdown included: These proceeds allowed the company to acquire 143,593 ETH last week alone, at an average price…
Author: Blockto Team
Polkadot Capital Group has officially launched as the institutional division of the Polkadot ecosystem, aiming to connect Wall Street with Web3 infrastructure. The initiative comes at a time when regulatory clarity in the U.S. is improving, opening doors for greater institutional adoption of blockchain technology. A New Gateway for Institutions Led by David Sedacca, Polkadot Capital Group seeks to provide asset managers, banks, OTC desks, exchanges, and venture capital firms with streamlined access to Polkadot’s interoperable blockchain network. The group’s mission is to bridge traditional finance with decentralized innovation through data-driven education, curated resources, and strategic ecosystem engagement. Sedacca emphasized…
The crypto market has entered the week in wait-and-watch mode, with prices moving sideways as traders prepare for one major event: Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole Economic Policy Symposium. Running from August 21–23, 2025, the symposium carries the theme “Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy”—a backdrop expected to guide the Fed’s monetary stance for the months ahead. Why Powell’s Speech Matters for Crypto In recent months, macroeconomic policy has become the biggest driver of crypto price action. Bitcoin, Ethereum, and Solana have all traded in sync with rate expectations, while institutional flows…
Funds accumulate 6.3M ETH despite recent outflows as investor demand grows Spot Ethereum exchange-traded funds (ETFs) in the United States now collectively hold more than 5% of the total ETH supply, according to on-chain data. The milestone underscores the rapid adoption of institutional-grade Ethereum investment vehicles, even as recent trading sessions showed signs of volatility. Data shows that Ethereum ETFs hold 6.3 million ETH worth $26.7 billion, representing 5.08% of circulating supply. Alongside ETFs, digital asset treasuries (DATs) also account for over 2% of ETH supply, highlighting the growing institutional presence in Ethereum markets. “This is a significant threshold for…
Trump’s executive order opens the door to retirement plan crypto allocations, unlocking billions in potential inflows The inclusion of cryptocurrency in U.S. 401(k) retirement plans could become a game-changer for Bitcoin adoption, potentially driving the asset’s price to $200,000 by the end of 2025, according to Bitwise Asset Management. The forecast follows President Donald Trump’s Aug. 7 executive order allowing Americans to allocate retirement savings into digital assets. Bitwise’s head of European research, André Dragosch, said even a modest 1% allocation from U.S. retirement portfolios — a $12.2 trillion market — could mean $122 billion in new inflows. He argued…
Appointment underscores Tether’s push into U.S. markets and domestic infrastructure investment Stablecoin issuer Tether has appointed former White House Crypto Council Executive Director Bo Hines as its new strategic advisor for digital assets and U.S. strategy. The move highlights the company’s intent to strengthen its presence in the American market while deepening ties with policymakers and investors. Hines previously served under the Trump administration, where he worked on digital asset innovation frameworks, stablecoin oversight, and public-private blockchain collaboration. His experience navigating Washington’s legislative environment is seen as a key asset for Tether’s expansion. In his new role, Hines will guide…
Analysts see extended cycle fueled by U.S. policy, institutional adoption, and growth in DeFi Bernstein analysts believe the ongoing crypto bull market could extend through 2027, well beyond the typical four-year cycle, driven by supportive U.S. policies and increasing institutional participation. The firm issued its latest research note after crypto prices cooled this week following a rally toward all-time highs. The brokerage said Bitcoin could reach between $150,000 and $200,000 within the next year, but emphasized that the broader bull market is unlikely to end quickly. “The Trump administration is in mission-critical mode to build the U.S. into the crypto…
BONK experiences a steep correction, with traders eyeing key support zones after heavy sell-offs. BONK has witnessed a sharp retracement, falling 27.6% in the past 24 hours to trade at $0.0000223. The decline comes after a failed attempt to sustain momentum above the $0.000028–$0.000030 resistance zone, where aggressive profit-taking triggered a wave of liquidation across the market. The daily chart highlights BONK struggling to defend its green support area around $0.0000220–$0.0000215, a zone that has historically served as a rebound point during July’s breakout rally. A clean breakdown below this level could expose the token to deeper losses toward $0.0000180,…
Integration aims to expand Bitcoin DeFi by merging security with Solana’s scalability Bitlayer has announced the integration of its bitcoin-backed token, YBTC, into the Solana ecosystem through partnerships with Kamino Finance and Orca. The move is designed to unlock new opportunities for bitcoin holders by combining Bitlayer’s security infrastructure with Solana’s high-speed blockchain. Expanding Bitcoin DeFi on Solana YBTC, which is pegged 1:1 with bitcoin, enables trust-minimized transfers and access to decentralized finance opportunities. By entering Solana, the token will provide users with native BTC exposure while opening yield strategies that were previously limited. “Bringing YBTC to Solana allows us…
Company allocates $3.3M to Bitcoin treasury and launches NFT house blueprints to protect designs Lib Work Co., a Japan-based 3D-printed housing company, has announced plans to purchase 500 million yen ($3.3 million) worth of Bitcoin for its corporate treasury, marking a significant shift into blockchain. The decision comes just a month after the company launched its first NFT-backed housing design, signaling a broader move toward digital asset adoption. Bitcoin as a Treasury Hedge The company said its board approved a phased Bitcoin acquisition strategy starting in September and running until December. At current market prices of around $115,377 per BTC,…
