SharpLink Gaming, Inc. (Nasdaq: SBET), a Minneapolis-based company, has made a significant move into the digital asset space by acquiring 176,270.69 ETH for an aggregate purchase price of $462,947,816. SharpLink really gets strategic acquisition at approximately $2,626 per ETH. With this step, the company becomes one of the earliest Nasdaq-listed...
Despite being one of the smallest projects by market cap, Dogecoin’s network activity has recently exploded, surpassing both Bitcoin and Ethereum when measuring daily active addresses. This jump represents an increased interest and adoption of the meme-backed cryptocurrency. The data points to a marked increase in on-chain metrics, indicating the...
Ethereum saw the steepest drop of the two, crashing more than 9% to under $2,500, falling below a key support level. Market Impact The crypto winter has led to confusion about which direction the short-term market will take. At the same time, Ethereum whales continue to fall. The price decline...
Sharplink Gaming’s stock price plummeted by nearly 90%. This drop came on the heels of the company’s announcement to register up to 480 million shares for resale. The filing affects almost 58.7 million common shares. Unsurprisingly, investors are spooked, and this has led to an 83% drop in the company’s...
The entire crypto market is bracing for a significant dip. Bitcoin, Ethereum, and XRP are all headed down as we approach the weekend. Given recent price action, it would be reasonable to assume a deeper correction is ahead for these assets. Bitcoin has not been able to regain its all-time...
Ethereum (ETH) is making bullish predictions, with one company claiming that it is a hugely mispriced option. This bullish sentiment comes after massive ETH futures liquidations. Secondly, pro-Ethereum sentiment has padded US spot Ethereum exchange-traded funds (ETFs) with a steady stream of cash. Analysts remain bullish on Ethereum’s long-term price...
SharpLink Gaming (SBET) got shellacked, losing a whopping 70% in after-hours trading Thursday. The New Jersey-based, Nasdaq-listed company’s stock market decline came on the heels of an SEC filing recently submitted to the U.S. Securities and Exchange Commission (SEC).The filing, an S-3ASR registration statement, will make available for resale up...
Ether (ETH), the second-largest cryptocurrency by market capitalization, revved up Tuesday morning, quickly climbing over the $2,800 threshold. This increase in the rank all comes from a dramatic increase in spot turnover. Furthermore, we observe ATHs of staked Ether and massive inflows into Ether ETFs (exchange-traded funds).For much of Tuesday,...
An Ethereum whale recently opened a substantial $11.15 million leveraged long position, signaling strong confidence in the cryptocurrency's near-term performance. This decision comes in tandem with a noticeable shift on Ethereum’s options market. As the last 48 hours have unfolded, the mood has shifted to one of almost giddy optimism....
Ethereum also continues to display tremendous price resilience, ripping back above $2,800 after hitting significant support and bouncing back from lower lows. The cryptocurrency’s soaring past major resistance levels reveals that bullish momentum has returned in full force. ETH’s options market is currently experiencing historic levels of activity. Open interest...
