crypto

Yaël Bizouati-Kennedy7/8/25

SharpLink soars on ethereum acquisition

Sportsbook marketing firm SharpLink Gaming is wasting no time stockpiling ethereum for its recently launched treasury, now holding 205,634 ethereum. The company’s latest acquisitions were between June 28 and July 4, when it acquired 7,689 ethereum for $19.2 million, it said on a post on X.

Shares jumped 23% this morning as the news hit, and the stock is still trading up 16% as of 11:30 a.m. ET.

Between June 28 and July 4, it also earned 100 ethereum through staking rewards, “contributing to a total estimated reward yield of 322 ETH since initiating this program on June 2, 2025,” the company said in a press release.

SharpLink, whose chairman of the board is Joseph Lubin, the founder and CEO of Consensys and cofounder of ethereum, raised approximately $64 million in net proceeds during the same period through its at-the-market facility, “selling 5,499,845 shares of its common stock.”

“Of these total net proceeds, approximately $37.2 million was raised on July 3, 2025, but has yet to be allocated to ETH purchases as of the close of business that same day. A large portion of this capital is expected to be deployed in the current week,” it added.

The company is the second-largest ethereum treasury, behind the Ethereum Foundation, which holds 244,479 ETH.

Ethereum is up 5.3% in the past week, yet down 47% from its all-time high of $4,878 on November 10, 2021.

Last month, the company announced “up to $1 billion” in shares of its common stock to buy ethereum.

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Sage D. Young1/28/26

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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