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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crypto
Sage D. Young

XRP treasury firm trend grows as Evernorth, backed by Ripple Labs, enters the arena

The fifth-largest cryptocurrency by market cap, XRP, is getting a new treasury firm: Evernorth.

The firm will list on the Nasdaq and expects to raise over $1 billion in gross proceeds from SBI, Ripple Labs, Pantera Capital, Kraken, and GSR, according to a press release. Chris Larsen, cofounder and executive chairman of Ripple, also announced investing 50 million XRP tokens worth $124.5 million. Net proceeds are dedicated for open-market acquisitions of XRP.

Evernorth joins a number of firms stockpiling XRP, such as VivoPower International, Trident Digital Tech Holdings, and Webus. 

The announcement comes during a fragile period for crypto markets, but the latest news has boosted XRP’s price and the asset is back to flat over the last seven days.

Sage D. Young
10/20/25
BitMine acquires an additional $820 million of ethereum

Meanwhile, investment management firm VanEck filed for a staked ethereum ETF with decentralized finance giant Lido.

Man Using Vending Machine
Yaël Bizouati-Kennedy
Seeing Orange
10/20/25
Bitcoin bounces back over $110,000 as UK bitcoin ETFs launch

Last week, bitcoin ETFs in the US recorded over $1.2 billion in outflows, but this week things are looking up, with the UK launching its first spot bitcoin ETFs.

Bitcoin symbol
$1.2B
Yaël Bizouati-Kennedy

Crypto liquidations reached $1.2 billion in the past 24 hours, according to CoinGlass data, as bitcoin continued its downward trajectory. Bitcoin suffered $458.24 million in liquidations, with the bulk of them — over $334 million — in long positions. Meanwhile, the second-biggest crypto, ethereum, saw the second-biggest figure for liquidations yesterday, with $278 million.

Bitcoin slipped as far as $103,856 early Friday morning, its lowest level since July, and is down 13% in the past seven days. The sell-off dragged the total crypto market cap down to $3.67 trillion, down 5.5%. Underscoring the market anxiety, CoinMarketCap’s fear and greed index is now at 28.

Bitcoin ETFs also suffered, registering $536 million in outflows on Thursday. The Ark 21 Shares Bitcoin ETF took the biggest hit, with $275.15 million in outflows. Since Monday, bitcoin ETFs have seen $864.5 million in outflows. 

Maja Vujinovic, CEO and cofounder of digital assets at FG Nexus, told Sherwood News that bitcoin’s slump looks like a classic risk-off chain reaction.

“Credit jitters and trade tensions pushed money into gold at record highs while leveraged crypto longs were forced to unwind. Once the liquidations exhaust and policy fog clears, the same macro buyers chasing safety today are likely to hunt value in BTC again,” Vujinovic said. 

Sage D. Young
10/16/25
SharpLink Gaming announces $76.5 million capital raise and potential to more than double that

An analyst noted that “flows and positioning, not fundamentals, are shaping the ETH story right now.”

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