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#sharplink

sharplink

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Cryptology_7
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Bullish
CMC Spotlight | 22 Oct 2025 Latest News Bitcoin's #crash Wasn't Actually a Crash _ So what has to happen before Bitcoin's price can actually rally again? #Tether Just Hit Half a Billion Users _ But which Wall Street giant is quietly advising this monster deal? #SharpLink Finally Bought Ethereum Again _ How much is SharpLink earning from staking alone? #GOLD Just Had Its Worst Day in Five Years _ What's actually causing institutional money to suddenly move from gold to crypto? Bitcoin #whale 's Are Ditching Self-Custody _ What's making ETFs more attractive to whales than self-custody? "Do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead" $BTC $USDT $ETH {future}(BTCUSDT) {future}(ETHUSDT)
CMC Spotlight | 22 Oct 2025

Latest News

Bitcoin's #crash Wasn't Actually a Crash _ So what has to happen before Bitcoin's price can actually rally again?

#Tether Just Hit Half a Billion Users _ But which Wall Street giant is quietly advising this monster deal?

#SharpLink Finally Bought Ethereum Again _ How much is SharpLink earning from staking alone?

#GOLD Just Had Its Worst Day in Five Years _ What's actually causing institutional money to suddenly move from gold to crypto?

Bitcoin #whale 's Are Ditching Self-Custody _ What's making ETFs more attractive to whales than self-custody?

"Do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"

$BTC $USDT $ETH
🚨 SharpLink Goes All-In on Ethereum! 💥 SharpLink Gaming (Nasdaq: SBET) just made a massive move — resuming ETH purchases and adding 19,271 ETH at an average price of $3,892 each. This marks their first Ethereum buy since August 2025. 👀 With this purchase, SharpLink’s Ethereum treasury now stands at 859,853 ETH, worth roughly $3.5 billion. 💰 Last week, the company raised $76.5 million in gross proceeds, and according to co-founder Joseph Chalom, the team acted strategically: “We raised capital above NAV and bought ETH at lower market prices — staying true to our disciplined, value-driven approach.” SharpLink’s ETH-focused treasury strategy, launched in June 2025, continues to grow rapidly — with Ethereum concentration up 100% since inception. The firm even earned 5,671 ETH in staking rewards. 🔥 Despite today’s announcement, SBET stock dipped 2.64% to $14.40, but still holds an impressive 440% gain over the last six months. 📈 And SharpLink isn’t alone. Other corporates like CleanCore Solutions are also adding crypto to their balance sheets — holding a massive 710 million DOGE, aiming for 1 billion soon. 🐶💎 Ethereum adoption keeps accelerating, even surpassing Bitcoin this year. Big players like BitMine have bought over 203,800 ETH, now holding 2.7% of the total supply. At the moment, ETH is trading at $3,988 (+0.8%) — showing strength even amid market uncertainty. 💪 $ETH {spot}(ETHUSDT) #ETH #CryptoNews #Binance #SharpLink #CryptoAdoption
🚨 SharpLink Goes All-In on Ethereum! 💥

SharpLink Gaming (Nasdaq: SBET) just made a massive move — resuming ETH purchases and adding 19,271 ETH at an average price of $3,892 each. This marks their first Ethereum buy since August 2025. 👀

With this purchase, SharpLink’s Ethereum treasury now stands at 859,853 ETH, worth roughly $3.5 billion. 💰

Last week, the company raised $76.5 million in gross proceeds, and according to co-founder Joseph Chalom, the team acted strategically:

“We raised capital above NAV and bought ETH at lower market prices — staying true to our disciplined, value-driven approach.”

SharpLink’s ETH-focused treasury strategy, launched in June 2025, continues to grow rapidly — with Ethereum concentration up 100% since inception. The firm even earned 5,671 ETH in staking rewards. 🔥

Despite today’s announcement, SBET stock dipped 2.64% to $14.40, but still holds an impressive 440% gain over the last six months. 📈

And SharpLink isn’t alone. Other corporates like CleanCore Solutions are also adding crypto to their balance sheets — holding a massive 710 million DOGE, aiming for 1 billion soon. 🐶💎

Ethereum adoption keeps accelerating, even surpassing Bitcoin this year. Big players like BitMine have bought over 203,800 ETH, now holding 2.7% of the total supply.

At the moment, ETH is trading at $3,988 (+0.8%) — showing strength even amid market uncertainty. 💪
$ETH

#ETH #CryptoNews #Binance #SharpLink #CryptoAdoption
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Bullish
Decrypt Media _ Daily Dispatch Democrat Seeks Crypto Trading Ban for Politicians Following #Binance Founder’s Pardon _ Democrat Ro Khanna called Trump’s pardon of Binance founder Zhao “blatant corruption” as he pushes to ban politicians from trading crypto. Argentine #stablecoin Use Surged Ahead of President Milei's Midterm Election Win _ Argentines gambled by swapping pesos for dollar stablecoins this weekend as the local currency fluctuated in price. Bored Ape Metaverse Game 'Otherside' Launching With #amazon NFT Drop - Decrypt _ The Bored Ape Yacht Club creator will soon launch the social and interactive hub for its Otherside metaverse, complete with an Amazon avatar. Ethereum Treasury Firm SharpLink to Put $200M in ETH Into Linea DeFi Protocol _ SharpLink Gaming plans to deploy $200 million worth of its Ethereum holdings into DeFi protocols on the Linea network. WATCH: #SharpLink Gaming Will Be A 'Positive White Swan Event' for Ethereum _ Joseph Chalom, co-CEO of SharpLink Gaming, speaks on if crypto treasury firms will prompt this cycle's black swan event, how it plans to change its staking strategy, and why he thinks Satoshi Nakamoto may return. LEARN: What Is Arc? The Stablecoin Blockchain From USDC Issuer #Circle _ Arc is a new Layer-1 blockchain developed by USDC issuer Circle, designed specifically for stablecoin-native finance. "Do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead" $APE $ETH $USDC {spot}(LINEAUSDT)
Decrypt Media _ Daily Dispatch

Democrat Seeks Crypto Trading Ban for Politicians Following #Binance Founder’s Pardon _ Democrat Ro Khanna called Trump’s pardon of Binance founder Zhao “blatant corruption” as he pushes to ban politicians from trading crypto.

Argentine #stablecoin Use Surged Ahead of President Milei's Midterm Election Win _ Argentines gambled by swapping pesos for dollar stablecoins this weekend as the local currency fluctuated in price.

Bored Ape Metaverse Game 'Otherside' Launching With #amazon NFT Drop - Decrypt _ The Bored Ape Yacht Club creator will soon launch the social and interactive hub for its Otherside metaverse, complete with an Amazon avatar.

Ethereum Treasury Firm SharpLink to Put $200M in ETH Into Linea DeFi Protocol _ SharpLink Gaming plans to deploy $200 million worth of its Ethereum holdings into DeFi protocols on the Linea network.

WATCH: #SharpLink Gaming Will Be A 'Positive White Swan Event' for Ethereum _ Joseph Chalom, co-CEO of SharpLink Gaming, speaks on if crypto treasury firms will prompt this cycle's black swan event, how it plans to change its staking strategy, and why he thinks Satoshi Nakamoto may return.

LEARN: What Is Arc? The Stablecoin Blockchain From USDC Issuer #Circle _ Arc is a new Layer-1 blockchain developed by USDC issuer Circle, designed specifically for stablecoin-native finance.

"Do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"

$APE $ETH $USDC
🔥🔥🔥 Just now, the whale SharpLink Gaming (@SharpLink) transferred 5,442 $ETH (that's ~$17 million!) to the OTC wallet of Galaxy Digital. Guys, this is the second largest public holder of ETH — they have approximately 861,000 ETH ($2.7 billion) on their balance! And you know what? They are currently down $430 million 😮 Such movements rarely happen for no reason. Either they are preparing to lock in losses (and then expect a dip), or quietly reallocating for staking... Or maybe, preparing an OTC deal without unnecessary noise. The market is already in the red, ETH is barely holding above $3000. If this is a lock-in — it will hurt. If it’s a rebalancing — whales are preparing the ground for a rebound. What does everyone think? Are we waiting or already buying on this volatility? 👀 #Ethereum #ETH #SharpLink #BitcoinSPACDeal #GalaxyDigital $ETH {spot}(ETHUSDT)
🔥🔥🔥 Just now, the whale SharpLink Gaming (@SharpLink) transferred 5,442 $ETH (that's ~$17 million!) to the OTC wallet of Galaxy Digital.
Guys, this is the second largest public holder of ETH — they have approximately 861,000 ETH ($2.7 billion) on their balance! And you know what? They are currently down $430 million 😮
Such movements rarely happen for no reason. Either they are preparing to lock in losses (and then expect a dip), or quietly reallocating for staking... Or maybe, preparing an OTC deal without unnecessary noise.
The market is already in the red, ETH is barely holding above $3000. If this is a lock-in — it will hurt. If it’s a rebalancing — whales are preparing the ground for a rebound.
What does everyone think? Are we waiting or already buying on this volatility? 👀
#Ethereum #ETH #SharpLink #BitcoinSPACDeal #GalaxyDigital
$ETH
#Ethereum Co-founder Flags Lag in Corporate Crypto Disclosure #SharpLink CIO Matt Sheffield noted that 13F filings — used by asset managers to report holdings — can be delayed by up to 45 days, which affects how quickly the market sees institutional positioning. Joseph Lubin agreed and said disclosures from public companies increasing their crypto exposure carry the same delay. He added that the market is adjusting to the macro environment, with institutional ownership in SharpLink steadily rising and confidence gradually strengthening. $ETH $LINK
#Ethereum Co-founder Flags Lag in Corporate Crypto Disclosure

#SharpLink CIO Matt Sheffield noted that 13F filings — used by asset managers to report holdings — can be delayed by up to 45 days, which affects how quickly the market sees institutional positioning. Joseph Lubin agreed and said disclosures from public companies increasing their crypto exposure carry the same delay.
He added that the market is adjusting to the macro environment, with institutional ownership in SharpLink steadily rising and confidence gradually strengthening.
$ETH $LINK
🔥 BOM TẤN: SharpLink Gaming All-In 1 BILLION USD to Buy ETH – Is Ethereum Ready to EXPLODE? 🚀 SharpLink Gaming (NASDAQ: SBET) has just made a shocking move: 1 BILLION USD to accumulate Ethereum (ETH) as a strategic treasury, upgrading from the initial 425 million USD plan! 😱 Inspired by MicroStrategy, this is the biggest move ever! 💥 Why is it super hot? 💰 Raising 1 billion USD: Issuing new shares to buy ETH and expand the business. 📈 Stocks explode: SBET surged 420% after the announcement of 425 million USD, reaching ~35.80 USD! 👨‍💼 Top leadership: Joseph Lubin (co-founder of Ethereum, CEO of Consensys) as Chairman of the Board. 🤝 Backing giants: Consensys, Pantera Capital, Galaxy Digital, ParaFi Capital are investing. ⚡ ETH impact: ETH price jumped 4.5%, open interest in futures reached 36.1 billion USD! Opportunity or risk? ✅ ETH supply crunch: 120,000 ETH purchased and staked, could push the price to 3,000 USD! 🌟 Triggering altseason? This move could draw funds into ETH and altcoins, as Bitcoin Dominance (62.97%) is stabilizing. ⚠️ Risk: ETH price volatility and SharpLink's financial situation (14 million USD loss in 2023) are considerations to weigh. #SharpLink #Ethereum #Crypto #Altseason $ETH {spot}(ETHUSDT)
🔥
BOM TẤN: SharpLink Gaming All-In 1 BILLION USD to Buy ETH – Is Ethereum Ready to EXPLODE?
🚀
SharpLink Gaming (NASDAQ: SBET) has just made a shocking move: 1 BILLION USD to accumulate Ethereum (ETH) as a strategic treasury, upgrading from the initial 425 million USD plan!
😱
Inspired by MicroStrategy, this is the biggest move ever!
💥
Why is it super hot?
💰
Raising 1 billion USD: Issuing new shares to buy ETH and expand the business.

📈
Stocks explode: SBET surged 420% after the announcement of 425 million USD, reaching ~35.80 USD!

👨‍💼
Top leadership: Joseph Lubin (co-founder of Ethereum, CEO of Consensys) as Chairman of the Board.

🤝
Backing giants: Consensys, Pantera Capital, Galaxy Digital, ParaFi Capital are investing.


ETH impact: ETH price jumped 4.5%, open interest in futures reached 36.1 billion USD!
Opportunity or risk?

ETH supply crunch: 120,000 ETH purchased and staked, could push the price to 3,000 USD!

🌟
Triggering altseason? This move could draw funds into ETH and altcoins, as Bitcoin Dominance (62.97%) is stabilizing.

⚠️
Risk: ETH price volatility and SharpLink's financial situation (14 million USD loss in 2023) are considerations to weigh.
#SharpLink #Ethereum #Crypto #Altseason
$ETH
🚨 *JUST IN: SharpLink Gaming Buys 4,904 ETH Worth17M* 🇺🇸💰🔥 🎮 Publicly traded *SharpLink Gaming* has just *added another 4,904 ETH* to its treasury — a massive *17 million* crypto allocation move 🏦📈 — 🧠 Why It Matters: - ✅ *Institutional Ethereum confidence* growing - 🧲 Treasury diversification = long-term bullish - 🐋 Signals potential *ETH supply squeeze* ahead — 🔍 Analysis: - This adds to the *institutional ETH buying spree* we’ve seen from other public firms - Shows growing belief that *ETH will outperform* in the next cycle - May also trigger *positive price pressure* if sustained accumulation continues --- 🚀 Market Impact: - 📈 Boosts sentiment toward ETH & smart contract platforms - 🔮 ETH potentially targeting $4K+ soon if accumulation pace holds - 💥 Could lead to further *whale copy trades* and FOMO entries $ETH {spot}(ETHUSDT) $XRP {spot}(XRPUSDT) $BTC {spot}(BTCUSDT) #ETH #Ethereum #SharpLink #CryptoNews #Bullish 🐳💼📊
🚨 *JUST IN: SharpLink Gaming Buys 4,904 ETH Worth17M* 🇺🇸💰🔥

🎮 Publicly traded *SharpLink Gaming* has just *added another 4,904 ETH* to its treasury — a massive *17 million* crypto allocation move 🏦📈



🧠 Why It Matters:

- ✅ *Institutional Ethereum confidence* growing
- 🧲 Treasury diversification = long-term bullish
- 🐋 Signals potential *ETH supply squeeze* ahead



🔍 Analysis:

- This adds to the *institutional ETH buying spree* we’ve seen from other public firms
- Shows growing belief that *ETH will outperform* in the next cycle
- May also trigger *positive price pressure* if sustained accumulation continues

---

🚀 Market Impact:

- 📈 Boosts sentiment toward ETH & smart contract platforms
- 🔮 ETH potentially targeting $4K+ soon if accumulation pace holds
- 💥 Could lead to further *whale copy trades* and FOMO entries

$ETH
$XRP
$BTC

#ETH #Ethereum #SharpLink #CryptoNews #Bullish 🐳💼📊
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Bullish
🚀 #Ethereum Holds $3,300 — Whales Eye $3,700 Next $ETH is showing strength above $3,000 as whales scoop up 73,590 ETH in 24 hours and institutions like #SharpLink hold big bags (270K #ETH ). 📈 Altcoin season index hits 5-month high 📊 Bullish momentum building in technicals 🎯 Next key target: $3,700 if $3,500 breaks With rising demand and altseason heating up, Ethereum could be gearing up for a major move. #ETHBreaks3k #Write2Earn
🚀 #Ethereum Holds $3,300 — Whales Eye $3,700 Next
$ETH is showing strength above $3,000 as whales scoop up 73,590 ETH in 24 hours and institutions like #SharpLink hold big bags (270K #ETH ).

📈 Altcoin season index hits 5-month high
📊 Bullish momentum building in technicals
🎯 Next key target: $3,700 if $3,500 breaks

With rising demand and altseason heating up, Ethereum could be gearing up for a major move.

#ETHBreaks3k #Write2Earn
Article
SharpLink Gaming's stock rises by 7% after a $30 million Ethereum purchase#اخبار SharpLink Gaming's stock jumps 7% after a $30 million Ethereum purchase and full staking of holdings. SharpLink Gaming's stock, specializing in sports betting, concluded trading on Tuesday with a 7% increase after the company boosted its holdings of Ether $ETH through a new purchase worth $30 million. The company stated on Tuesday #ETH that it bought 12,207 Ether at an average price of $2,513 per coin during the week ending Friday, June 20. Thus, it now holds over 188,000 Ether valued at approximately $457.4 million.

SharpLink Gaming's stock rises by 7% after a $30 million Ethereum purchase

#اخبار SharpLink Gaming's stock jumps 7% after a $30 million Ethereum purchase and full staking of holdings.
SharpLink Gaming's stock, specializing in sports betting, concluded trading on Tuesday with a 7% increase after the company boosted its holdings of Ether $ETH through a new purchase worth $30 million.

The company stated on Tuesday #ETH that it bought 12,207 Ether at an average price of $2,513 per coin during the week ending Friday, June 20. Thus, it now holds over 188,000 Ether valued at approximately $457.4 million.
💥😂 THEY DID *WHAT*?! SharpLink Just Went FULL ETH MAXI with 603.5M Buy!! 🚀💸 Okay, let’s talk real quick—imagine waking up and seeing *SharpLink Gaming*, a *publicly traded* U.S. company, casually scooping up *130,000ETH* for *603.5 MILLION* 🤯 Yep, they really did that. 👀 *What’s Going On?* SharpLink isn’t just dabbling—they’re *doubling down* on Ethereum. This isn't retail FOMO. This is calculated, strategic accumulation by a company that likely sees ETH as future financial infrastructure. 🔍 *Why This Is HUGE:* - *Massive signal* to Wall Street: Ethereum is no longer just tech—it’s becoming digital capital. - Institutional adoption is heating up 🔥 — these guys don’t throw600M around for fun. - It adds *major buying pressure* to ETH, especially with supply drying up on exchanges. 📈 *Predictions & Analysis:* - ETH retesting all-time highs? Likely. - Institutions may trigger a supply shock if they keep accumulating like this. - More companies might follow if they see ETH as a strategic reserve asset, just like BTC. 🧠 *Tips for You:* - Don’t ignore the signs. Big money moves = long-term conviction. - ETH under $10K might be the steal of the cycle. - Watch for ETH ETF volume & staking metrics — they’ll be key indicators. - Consider dollar-cost averaging (DCA) if you believe in ETH’s long-term game. SharpLink just said: “In ETH We Trust” 😂 Your move. $ETH {spot}(ETHUSDT) $XNY {future}(XNYUSDT) #Ethereum #ETH #SharpLink #CryptoNews #Bullish
💥😂 THEY DID *WHAT*?! SharpLink Just Went FULL ETH MAXI with 603.5M Buy!! 🚀💸

Okay, let’s talk real quick—imagine waking up and seeing *SharpLink Gaming*, a *publicly traded* U.S. company, casually scooping up *130,000ETH* for *603.5 MILLION* 🤯

Yep, they really did that.

👀 *What’s Going On?*
SharpLink isn’t just dabbling—they’re *doubling down* on Ethereum. This isn't retail FOMO. This is calculated, strategic accumulation by a company that likely sees ETH as future financial infrastructure.

🔍 *Why This Is HUGE:*
- *Massive signal* to Wall Street: Ethereum is no longer just tech—it’s becoming digital capital.
- Institutional adoption is heating up 🔥 — these guys don’t throw600M around for fun.
- It adds *major buying pressure* to ETH, especially with supply drying up on exchanges.

📈 *Predictions & Analysis:*
- ETH retesting all-time highs? Likely.
- Institutions may trigger a supply shock if they keep accumulating like this.
- More companies might follow if they see ETH as a strategic reserve asset, just like BTC.

🧠 *Tips for You:*
- Don’t ignore the signs. Big money moves = long-term conviction.
- ETH under $10K might be the steal of the cycle.
- Watch for ETH ETF volume & staking metrics — they’ll be key indicators.
- Consider dollar-cost averaging (DCA) if you believe in ETH’s long-term game.

SharpLink just said: “In ETH We Trust” 😂
Your move.
$ETH

$XNY

#Ethereum #ETH #SharpLink #CryptoNews #Bullish
#SharpLink generated 459 ETH in staking rewards last week, pushing its total cumulative yields to 6,575 ETH since launching its Ethereum treasury strategy in June 2025.
#SharpLink generated 459 ETH in staking rewards last week, pushing its total cumulative yields to 6,575 ETH since launching its Ethereum treasury strategy in June 2025.
SharpLink’s $14M Ethereum Move Before Earnings – What Is Coming Next? eSharpLink Gaming has officially set the crypto market talking. The company transferred 4,364 ETH (worth $14.4M+) to OKX only days before their Q3 earnings call and this move has created serious curiosity.$ETH This wasn’t a small shift. Blockchain data shows the company actually withdrew around 5,284 ETH total from wallets, but only a portion landed at the exchange. Around 791 ETH is still untouched in their wallet — and nearly 920 ETH is not clearly tracked yet. That’s why analysts believe this is not a random move… this is a pre-earnings strategic relocation. SharpLink shares have also been under pressure recently, falling nearly 37% this month while Ethereum continues to face volatility. But despite price pressure their ETH staking has still been generating solid passive returns. This is why some investors think SharpLink is positioning itself for something bigger rather than panic selling. So now the key question for traders is: Is SharpLink preparing liquidity for a major move? Or anticipating unexpected volatility entering earnings? This event becomes highly important for crypto traders and speculative traders on Binance especially those tracking institutional whale flows. Institutions don’t move millions worth of ETH days before earnings for no reason. Price direction may depend heavily on how this earnings call unfolds and what SharpLink plans to do with that new liquidity. This one now deserves close watch. The next move can trigger momentum. Market eyes are now locked on SharpLink. #CryptoMarket

SharpLink’s $14M Ethereum Move Before Earnings – What Is Coming Next? e

SharpLink Gaming has officially set the crypto market talking. The company transferred 4,364 ETH (worth $14.4M+) to OKX only days before their Q3 earnings call and this move has created serious curiosity.$ETH

This wasn’t a small shift. Blockchain data shows the company actually withdrew around 5,284 ETH total from wallets, but only a portion landed at the exchange. Around 791 ETH is still untouched in their wallet — and nearly 920 ETH is not clearly tracked yet. That’s why analysts believe this is not a random move… this is a pre-earnings strategic relocation.

SharpLink shares have also been under pressure recently, falling nearly 37% this month while Ethereum continues to face volatility.
But despite price pressure their ETH staking has still been generating solid passive returns. This is why some investors think SharpLink is positioning itself for something bigger rather than panic selling.

So now the key question for traders is:
Is SharpLink preparing liquidity for a major move? Or anticipating unexpected volatility entering earnings?

This event becomes highly important for crypto traders and speculative traders on Binance especially those tracking institutional whale flows. Institutions don’t move millions worth of ETH days before earnings for no reason.

Price direction may depend heavily on how this earnings call unfolds and what SharpLink plans to do with that new liquidity.

This one now deserves close watch. The next move can trigger momentum.

Market eyes are now locked on SharpLink.

#CryptoMarket
💰 #Sharplink Gaming Adds $80M in $ETH to Strategic Reserve After Month-Long bull #SharpLink Gaming added $80M in Ether to its reserves, lifting total holdings to $3.6B and cementing its spot as the second-largest corporate holder of $ETH .
💰 #Sharplink Gaming Adds $80M in $ETH to Strategic Reserve After Month-Long bull

#SharpLink Gaming added $80M in Ether to its reserves, lifting total holdings to $3.6B and cementing its spot as the second-largest corporate holder of $ETH .
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Bullish
2025.7.29 On-chain Vision Ethereum Edition: #Sharplink Down 70%, BMNR Plummets Again, Is It an Opportunity or a Pitfall? Recently, the price pullback of #以太坊 has affected two important treasury projects in its ecosystem: Sharplink and #BMNR The current price has dropped back to around 20 USD, #BMNR 11%, and further declined by 15% in after-hours trading. The reason for the decline of BMNR is similar to the previous situation with Sharplink: both submitted prospectuses and plan to conduct PIPE (private investment in public equity) operations. Historical experience tells us that each time PIPE is done, stock prices almost always face significant pressure. For example, after Sharplink disclosed its PIPE, the stock price plummeted by 60-70%, almost heading towards zero. However, this time the decline of BMNR is relatively “mild”, currently down only 15%, making the situation appear manageable. Whenever $PIPE is involved, it can easily trigger fluctuations in market sentiment, so it is advisable to observe BMNR's trend after the US stock market opens tomorrow for a more prudent approach. From the valuation indicators, Sharplink's NAV (Market Value Relative to Net Assets) has also dropped to a lower position. BMNR's MNAV has fallen to about 1.8%, and with the after-hours decline, it may drop to 1.6%; Sharplink's MNAV is also around 1.7%. #MNAV below 2 usually indicates that these assets' stock prices may have some rebound potential. Of course, this is just a reference indicator and cannot be the sole basis for decision-making; it still needs to be evaluated in conjunction with market sentiment, technical aspects, and fundamentals. Returning to the overall market, yesterday's Ethereum surge and subsequent pullback indeed impacted the entire market's confidence. Especially in the morning, when ETH drove a wave of increases, almost all altcoins surged significantly. The #DeFi sector exploded overall, with UNI briefly breaking 11 USD, and #ENA also surging past 0.7 USD, reaching a new high for the year. But the good times didn't last long; with #ETH's pullback, these strong coins also experienced significant declines from their highs. This once again confirms an old logic in the crypto space: “Everything originates from Ethereum.” As long as #ETH performs weakly, the entire ecosystem will be affected. Currently, market volatility is expected to continue, especially considering the dual impact of #Sharplink policy, caution is still needed in the short term.
2025.7.29 On-chain Vision
Ethereum Edition: #Sharplink Down 70%, BMNR Plummets Again, Is It an Opportunity or a Pitfall?
Recently, the price pullback of #以太坊 has affected two important treasury projects in its ecosystem: Sharplink and #BMNR

The current price has dropped back to around 20 USD, #BMNR 11%, and further declined by 15% in after-hours trading.

The reason for the decline of BMNR is similar to the previous situation with Sharplink: both submitted prospectuses and plan to conduct PIPE (private investment in public equity) operations. Historical experience tells us that each time PIPE is done, stock prices almost always face significant pressure.

For example, after Sharplink disclosed its PIPE, the stock price plummeted by 60-70%, almost heading towards zero. However, this time the decline of BMNR is relatively “mild”, currently down only 15%, making the situation appear manageable.

Whenever $PIPE is involved, it can easily trigger fluctuations in market sentiment, so it is advisable to observe BMNR's trend after the US stock market opens tomorrow for a more prudent approach.

From the valuation indicators, Sharplink's NAV (Market Value Relative to Net Assets) has also dropped to a lower position. BMNR's MNAV has fallen to about 1.8%, and with the after-hours decline, it may drop to 1.6%; Sharplink's MNAV is also around 1.7%.

#MNAV below 2 usually indicates that these assets' stock prices may have some rebound potential. Of course, this is just a reference indicator and cannot be the sole basis for decision-making; it still needs to be evaluated in conjunction with market sentiment, technical aspects, and fundamentals.

Returning to the overall market, yesterday's Ethereum surge and subsequent pullback indeed impacted the entire market's confidence. Especially in the morning, when ETH drove a wave of increases, almost all altcoins surged significantly. The #DeFi sector exploded overall, with UNI briefly breaking 11 USD, and #ENA also surging past 0.7 USD, reaching a new high for the year.

But the good times didn't last long; with #ETH's pullback, these strong coins also experienced significant declines from their highs. This once again confirms an old logic in the crypto space: “Everything originates from Ethereum.” As long as #ETH performs weakly, the entire ecosystem will be affected.

Currently, market volatility is expected to continue, especially considering the dual impact of #Sharplink policy, caution is still needed in the short term.
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