Author: Yeek.io

SharpLink Gaming has secured $200 million from institutional investors in a direct offering, setting the stage for what could become one of the largest ETH treasuries in the world, surpassing $2 billion in value, according to the company. Summary SharpLink Gaming raised $200M from institutional investors to boost its Ethereum treasury beyond $2B. The move comes just days after the firm disclosed a $304M ETH acquisition, bringing its holdings to 521,939 ETH. On August 7, Minneapolis-based gaming company SharpLink Gaming announced it had entered into purchase agreements with four undisclosed institutional investors to raise $200 million through a registered direct…

U.S. stocks tied to Ethereum treasuries surged in pre-market trading today, driven by Ethereum’s 5.5% price rally and record highs in on-chain metrics. Here’s what this momentum might mean for Ethereum ETFs. Summary U.S. ETH-linked stocks, including SBET, BMNR, and BTCS, surged in pre-market trading today with gains up to 10%. The premarket enthusiasm is likely fueled by Ethereum’s 5.5% price surge and strong on-chain activity, incl. record transaction volumes and nearly 30% of ETH supply now staked. Analysts say that ETH treasury stocks may be a better buy than ETH ETFs, with SBET standing out due to its normalized…

Large XRP holders are back to offloading their bags, and analysts fear that the impact could soon start showing up in the price. Summary Large XRP holders have resumed heavy outflows, pushing the 90-day whale inflow average into negative territory. Analysts draw comparisons to a similar pattern earlier this year that preceded a 50% price drop. Unless whale inflows recover, analysts warn that XRP may struggle to regain bullish momentum. On August 7, a CryptoQuant analyst flagged a sharp drop in the 90-day average whale inflow for XRP (XRP), noting that it has now flipped negative. The trend reflects renewed…

Table of Contents Introducing the Chainlink Reserve: Creating a Strategic LINK Token Reserve The Competitive Advantage of the Chainlink Platform How Payment Abstraction Fuels the Growth of the Chainlink Reserve The Core Pillars of Chainlink Economics Creating an Economically Sustainable Chainlink Network

The SEC has clarified that certain liquid staking models do not constitute securities offerings, providing a clearer regulatory framework for Ethereum-based staking protocols. Summary The SEC’s Division of Corporation Finance issued a staff-level statement clarifying that properly structured liquid staking arrangements do not qualify as securities under federal law. Liquid staking models that rely on smart contracts and avoid discretionary control by providers may operate outside the scope of the Howey test. Receipt tokens such as stETH and rETH are not considered securities when they reflect ownership of non-security assets and are issued through administrative processes. The SEC’s interpretation offers…

MANTRA has secured $20m from Inveniam to expand its RWA blockchain in the UAE and U.S., as its native OM token shows early signs of recovery after April’s 90%+ crash. Summary Inveniam’s $20m investment aims to scale MANTRA’s regulated RWA blockchain infra using AI-powered data tools. MANTRA’s TVL plunged from $4m in April to under $500k in August, a trend the partnership hopes to reverse. OM token surged 52% on July 20, triggering a bullish technical crossover and confirming a short-term uptrend. MANTRA (OM), a purpose-built Layer 1 blockchain for RWAs, has announced a strategic partnership with Inveniam, a U.S.-based…

The Internet changed our world. It gave us instant global communication, real-time transactions, and easy access to knowledge. But over time, a few big companies have taken control of it. This centralization makes the Internet more expensive, less private, and harder to access for many. It also creates weak points that can cut people off from the digital world. That’s where DePIN comes in. DePIN is a movement to give control of the Internet’s physical systems back to the people. DAWN is leading the way by building decentralized wireless networks. At the same time, Spheron is making GPU and CPU…

MAMO crashed shortly after it began trading on Coinbase, halting a week-long surge that had pushed the token up over 120%. Summary MAMO dropped nearly 20% after its Coinbase listing, after gaining over 120% earlier in the week. Trading volume for MAMO surged 150% over the past day as traders seem to be locking in profits following the rally. On-chain data shows a surge in whale accumulation alongside a drop in exchange balances over the past 7 days. According to data from crypto.news, Mamo (MAMO) hit an all-time high of $0.227 on Thursday, Aug. 7, before dropping nearly 20% as…

Coinbase, the largest cryptocurrency exchange in the US, is seeking to raise $2 billion in debt just days after delivering a disappointing second-quarter earnings report. The move signals the company’s intent to strengthen its financial flexibility while preparing for future growth opportunities. The proposed raise includes two tranches of convertible debt: $1 billion in convertible senior notes due in 2029 and $1 billion in senior notes maturing in 2032. These notes will be offered exclusively to qualified institutional buyers. The funds raised are earmarked for general corporate purposes, including investments, acquisitions, share buybacks, and repayment of prior debt. The timing…

South Korean digital bank KakaoBank hopes to cement its place in the stablecoin market and is reportedly reviewing various entry strategies, including a potential won-pegged stablecoin. Summary KakaoBank is reviewing stablecoin issuance and custody services as part of its digital asset strategy. The bank’s initiative is being led by a group-wide Stablecoin Task Force involving KakaoPay and other affiliates. Local media outlet reports say KakaoBank’s chief financial officer, Kwon Tae-hoon, has confirmed that the company is evaluating a range of possibilities related to stablecoins, including issuance and digital asset custody services. Is KakaoBank launching a stablecoin? During KakaoBank’s 2025 first-half…