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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Yaël Bizouati-Kennedy
12/10/25
Bitcoin rebounds but FOMC will set tone for Santa rally

Bitcoin symbol
crypto
Sage D. Young

New bitcoin AfterDark ETF will be bitcoin at night, Treasurys by day

Tidal Trust II submitted form N-1A with the SEC to register a bitcoin ETF designed to systemically capture the cryptocurrency’s overnight return profile, a time window that delivered a significant portion of bitcoin’s upside last year.

The Nicholas Bitcoin and Treasuries AfterDark ETF provides long bitcoin exposure during US overnight hours, from the closing bell until the following morning’s market open, when the fund intends to unwind its positions, according to a document filed with the SEC on Tuesday. 

To gain that exposure, the ETF may use a number of methods, including bitcoin futures contracts, US-listed ETFs, or exchange-traded options on such bitcoin underlying funds. When the market is open and daytime trading is active, the fund’s portfolio will consist of US Treasury securities and other cash equivalents. 

In 2024, most of bitcoin’s gains occurred after-hours, senior Bloomberg ETF analyst Eric Balchunas reported:

The AfterDark ETF filing comes as bitcoin crossed $94,000 on Tuesday, rising 4.5% in the last 24 hours. Even though spot bitcoin ETFs saw nearly $60.5 million in outflows on Monday, the investment vehicles have a cumulative net inflow of $57.6 billion, per SoSoValue.

Yaël Bizouati-Kennedy
12/8/25
Bitcoin will “snapback or chop ahead of the Fed” decision

Traders on prediction markets are divided, giving an equal chance that bitcoin drops below $80,000 or rises above $100,000 this year.

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Yaël Bizouati-Kennedy
12/2/25
Legendary short seller James Chanos on the problem with Strategy’s business model

The noise has grown louder about Strategy being in trouble, but most experts think Strategy can weather the current bitcoin downturn, though one critic predicts this is “the beginning of the end.”

Bitcoin Conference Draws Cryptocurrency Fans To Miami
Sage D. Young
12/1/25
Ethereum spot ETFs post highest monthly outflow of $1.4 billion in November, breaking seven-month streak

Meanwhile, ethereum developers are preparing for the activation of Fusaka, the next network upgrade.

Man Reeling From Explosion

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