According to Cointelegraph, SharpLink Gaming, a company transitioning from sports betting marketing to an Ether treasury firm, experienced a decline in its stock value on Monday following the announcement of a substantial $400 million agreement intended to bolster its cryptocurrency assets. The firm disclosed that it has entered into a share purchase agreement with five global institutional investors, aiming to enhance its Ether (ETH) holdings, which are projected to surpass $3 billion in value. The shares are priced at $21.76 each, with the transaction expected to finalize on Tuesday, contingent upon certain conditions. SharpLink Gaming, chaired by Ethereum co-founder Joseph Lubin, holds the second-largest ETH reserves among publicly traded companies. It is among numerous firms recently engaging in capital raising efforts to acquire cryptocurrencies. Despite the announcement, SharpLink's stock (SBET) closed down over 6.6% at $22.34 on Monday, though it saw a slight recovery in after-hours trading, rising nearly 3.5% to $23.10. This decline reversed some of the gains from the previous five trading days, where the stock had peaked at over $28 before the drop. The company has seen a significant increase in its stock value, up 17.5% over the last five trading days and 189% year-to-date, following its initial Ether purchases in May. In mid-June, SharpLink's shares plummeted 73% in a single after-hours session after filing to potentially resell 58.7 million common shares, prompting Lubin to clarify on social media that the filing was standard procedure. As of Sunday, SharpLink has accumulated 598,800 ETH, valued at approximately $2.57 billion, with Ether trading around $4,300. Its holdings are second only to BitMine Immersion Technologies, which possesses over 1.15 million ETH worth nearly $5 billion. SharpLink has raised nearly $900 million in the past week, a move co-CEO Joseph Chalom believes highlights market confidence in the company's ETH treasury strategy. He emphasized that the rapid and substantial investments reflect investor trust in SharpLink and the growing recognition of Ethereum's transformative potential. Last Thursday, SharpLink announced a $200 million share purchase agreement with four unnamed institutional investors, following a $264.5 million net proceeds raise through an at-the-market offering earlier in the week. The firm still has approximately $200 million in at-the-market proceeds yet to be utilized. Meanwhile, Ether has rebounded to near its all-time high after a period of underperformance compared to Bitcoin. Although ETH has remained stable over the past day, it has surged 44.5% in the last 30 days, climbing from below $3,000 to above $4,300 on Monday, according to CoinGecko. It is currently trading at $4,278, just over 12% shy of its all-time high of $4,878 reached on November 10, 2021.

According to BlockBeats, Fosun has confirmed its application for a stablecoin license in Hong Kong and has assembled a dedicated team for this purpose. On August 6, Fosun's founder, Guo Guangchang, led key members of the stablecoin team and other executives to meet with Hong Kong's Chief Executive John Lee and Financial Secretary Paul Chan in a single day. Fosun Wealth, a subsidiary of Fosun, has already made strides in the digital asset sector through the Xinglu Technology platform. This includes participating in the distribution of tokenized products from the Huaxia Fund and developing a Real World Asset (RWA) tokenization platform. According to the Hong Kong Monetary Authority's schedule, interested institutions could begin contacting regulators after August 1 and must submit their license application materials by September 30. As of the time of reporting, Fosun has not provided any comments on the matter.

Binance Alpha will open trading for World3 (WAI) on Aug 12, 2025, at 08:00 (UTC).  Once trading begins, users with at least 200 Binance Alpha Points can claim an airdrop of 800 WAI tokens on a first-come, first-served basis. If the reward pool is not fully distributed, the score threshold will automatically decrease by 15 points every hour. Please note that claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claims on the Alpha Events page within 24 hours; otherwise, it will be deemed that users have given up claiming the airdrop.

SharpLink Gaming shares closed trading on Monday down over 6. 5% after striking a $400 million share purchase deal to buy more Ether. source: https://cointelegraph.com/news/sharplink-shares-drop-400m-deal-boost-ethereum-holdings?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to Foresight News, the UK-listed company The Smarter Web Company has increased its Bitcoin holdings by 295 coins, bringing its total to 2,395 Bitcoins.

"Dogecoin's $1 Dream: Are We Finally Approaching the Cycle Where This Beloved Cryptocurrency Achieves Its Long-Awaited Milestone?" source: https://blocknews.com/dogecoins-1-dream-is-this-the-cycle-it-finally-happens/

Bitcoin swiftly reversed direction this week after soaring expectations for new highs gave way to weakening price movement below $120,000, signaling the possibility of further declines. source: https://cointelegraph.com/news/bitcoin-price-chart-signals-downside-short-term-upside-continues-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

According to Cointelegraph, David Bailey, a prominent Bitcoin advocate and advisor to U.S. President Donald Trump on cryptocurrency policy, has revealed plans to acquire $762 million worth of Bitcoin, potentially as soon as Tuesday. Bailey expressed his long-standing ambition to make a substantial Bitcoin purchase, stating, "Ever since getting into Bitcoin, I’ve always had this dream of smash buying $1 billion of Bitcoin in a single bid." He clarified that the $1 billion figure was a "generous" round-up from the actual amount of $762 million, which would equate to approximately 6,400 Bitcoin at current market prices. Bailey, who serves as the CEO of Nakamoto Inc., a Bitcoin-native holdings company, plans to execute the purchase using a Volume Weighted Average Price (VWAP) strategy. This approach involves breaking down the large order into smaller trades to minimize slippage and market disruption, rather than opting for a direct market buy. Bailey, who also co-founded Bitcoin Magazine’s parent company, BTC Inc., emphasized Nakamoto's unique strategy, stating, "We have a one-of-a-kind strategy at Nakamoto, once you see it in action, you’ll understand why we’ll be one of the top holders of Bitcoin in the world." He further added, "We’re building a Bitcoin juggernaut." Bailey has been instrumental in raising Bitcoin awareness in the United States, having served as an adviser during Donald Trump’s presidential campaign. He is recognized as a key figure in the president’s Bitcoin pivot. Earlier this month, Bailey announced his intention to raise $200 million for a political action committee (PAC) aimed at advancing Bitcoin interests in the U.S. He remarked, "I’ve learned a lot about politics and how the game is played this year. I’m thinking about raising a $100m-$200m PAC, anchored by Nakamoto, to advance Bitcoin priorities." In a recent development, Nakamoto Inc. adopted the American bullfrog as its mascot, symbolizing a "legendary treasure hoarder, an apex predator, an invasive species, and willing to eat anything that grows our Bitcoin per share." The firm secured $51.5 million in fresh capital through a private placement in a public equity deal in June, as per a statement from merger partner KindlyMD. Meanwhile, corporate holdings of Bitcoin continue to rise, with at least 17 organizations adding Bitcoin to their treasuries over the past month. Data from BitcoinTreasuries.NET indicates that the total number of public and private companies holding Bitcoin now stands at 221, collectively possessing over 1.24 million BTC.

Ethereum exchange-traded funds are on a roll with record-breaking inflows. Will this trend continue? source: https://u.today/ether-etfs-top-1-billion-in-inflows-for-the-first-time

US President Donald Trump's crypto advisor, David Bailey, is planning a huge Bitcoin purchase through Nakamoto Inc, targeting around 6,400 BTC this week. source: https://cointelegraph.com/news/trump-crypto-adviser-planning-buy-1b-of-bitcoin-this-week?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

واجهت شركة Onyx، التي كانت ذات يوم لاعباً بارزاً في سوق الإقراض القائم على Ethereum، انتكاسة مذهلة في الآونة الأخيرة.