Crypto
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Sage D. Young

SharpLink Gaming now holds $3.7 billion in ethereum after fresh purchases

On Tuesday, SharpLink Gaming, which has the second-largest ethereum treasury, announced an update on its stockpile and recent capital raise. 

The firm accumulated 56,533 ethereum tokens last week at an average purchase price of $4,462, increasing its total holdings to 797,704 tokens worth roughly $3.7 billion.

The announcement also said SharpLink raised $360.9 million in net proceeds through its at-the-market facility and has $200 million of undeployed cash on hand. The updates come after the company’s board approved a $1.5 billion stock buyback program.

Meanwhile, spot ethereum ETFs trading in the US started the week in the black, seeing more than $443.9 million in positive inflows on Monday. BlackRock’s iShares Ethereum Trust ETF recorded almost $315 million in inflows, accounting for nearly 71% of yesterday’s total, data from SoSoValue shows. 

The inflows into the ethereum funds were more than double Monday’s inflows for spot bitcoin ETFs, which saw their balance rise by $219 million.

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Sage D. Young

Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants. 

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platform’s goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post. 

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The token’s all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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