Key Takeaways Fundamental Global filed a $5 billion shelf registration to support its Ethereum treasury strategy. The company targets a 10% market share in the Ethereum network by leveraging capital raises and ETH accumulation. Share this article Fundamental Global, a Nasdaq-listed financial services provider, filed a $5 billion shelf registration statement with the US SEC this week as part of its ongoing effort to scale its Ethereum accumulation strategy.The company, soon to be renamed FG Nexus, aims to become the world’s largest corporate holder of ETH, targeting a 10% stake in the network.Achieving this goal would make Fundamental Global one…
Author: ₿e Proud
Key Takeaways SharpLink Gaming secured $200 million to expand its Ether holdings. The company’s ETH treasury is expected to exceed $2 billion after the funding deployment. Share this article SharpLink Gaming secured $200 million in funding from four global institutional investors through a registered direct offering, the company announced today. “SharpLink is proud to be joined by globally-recognized institutional investors, augmenting our strong existing investor base and further validating our mission to be the world’s leading ETH treasury,” said Joseph Chalom, SharpLink’s Co-Chief Executive Officer, in a statement. A.G.P./Alliance Global Partners is serving as the lead placement agent, with Société…
Ripple CTO David Schwartz has joined a heated debate after Custodia Bank CEO Caitlin Long criticized Ripple, the XRP Ledger (XRPL), and its stablecoin RLUSD in a podcast clip shared on X. Long questioned XRP’s decentralization, likened Ripple’s early funding to an ICO, and argued the blockchain had fallen short of its adoption goals among banks and other institutions. Her remarks drew quick pushback from XRP community member Vet, who disputed her claims, prompting Schwartz to invite Long to a direct, fact-based discussion. Caitlin Long Criticizes Ripple And XRP Caitlin Long, CEO of Custodia Bank, did not hold back in…
The XRP price has been on a tear over the past few weeks, consolidating its position as the third-largest cryptocurrency by market cap. According to data from CoinGecko, the altcoin is one of the top gainers amongst the large-cap assets, with its value up by double digits in the last seven days. Interestingly, the XRP price seems to only be at the beginning of what looks like an even broader upward trend. This positive setup is even more supported by rapidly improving fundamentals of cryptocurrencies globally, but especially in the United States. Why XRP Surged 630% And 54% In Its…
Dogecoin has seen recent price movements and Technical indicator suggests Incoming call rally. Technical analysis shows Dogecoin’s recent price action paved the way for $1 It’s becoming more and more noticeable If some conditions are met. especially, Technical analysis by MMBTTRADER, Crypto Analyst TradingView platform, outlines the bullish setup formed after the decisive Dogecoin price breakout from the long-term downtrend channel of the three-day candlestick chart. Related readings Downtrend Channel breakout and retest completed Dogecoin broke on July 15th on a descending parallel channel, as shown in the three-day Candlestick Price Chart that MMBTTRADER was initially sharing. This breakout is…
BlackRock has confirmed that the company is not currently pursuing spot ETFs for Ripple’s XRP or Solana, despite market rumors. While the XRP and SOL communities may be disappointed by the lack of immediate action, the acknowledgment from BlackRock validates their relevance in the broader crypto market. Crypto Bulls Temper Expectations After BlackRock Clarification In a recent update from The Block, BlackRock has clarified that the company currently has no plans to file for spot exchange-traded funds (ETFs) tied to Ripple’s XRP or SOL. This aligns with BlackRock’s cautious approach, as reflected in earlier comments from executives like CEO Larry…
Key Takeaways Paxos will pay $48.5 million to settle compliance failures with New York regulators related to its partnership with Binance. The company must strengthen its compliance systems after DFS found failures in due diligence and anti-money laundering controls. Share this article Blockchain infrastructure platform Paxos Trust Company has agreed to a $48.5 million settlement deal with the New York State Department of Financial Services (DFS) to resolve anti-money laundering (AML) compliance failures and due diligence lapses related to its former partnership with Binance, according to a Thursday press release.The settlement includes a $26.5 million civil monetary penalty, as well…
After Bitcoin and XRP, it’s now Ethereum’s turn to take center stage in what appears to be the start of its next major rally. $ETH has surged 15% in just the past three days. This move has propelled it past the $4K mark, a key psychological and technical milestone. So, why is $ETH rallying? Alongside its strong fundamentals, two recent developments have effectively hit Ethereum’s nitrous switch, sending it rocketing up the charts. Keep reading to discover what these developments are, how far $ETH could climb in its current rally, and how investing in Best Wallet Token ($BEST), a utility-driven…
Launched in 2024, Bodega is THE prediction market platform on Cardano. Its 25 million-supply token, BODEGA, powers governance, market creation, and revenue sharing. With a TVL hovering around $80k, the protocol is small but steadily gaining traction. What makes it stand out is its ambition to merge transparency with privacy. Through a landmark partnership with Midnight, Cardano’s privacy-focused sidechain, Bodega is breaking new ground. But what is Bodega? 1. What is Bodega? Prediction markets have always promised to turn collective knowledge into tradable value. From elections to sports finals, they let anyone stake their conviction on real-world outcomes. Now, Cardano…
The US-based Ethereum ETFs (exchange-traded funds) have had a mixed performance over the past week. The crypto-linked products continued a woeful start to the month of August with consecutive withdrawals at the beginning of this week. However, US Ethereum ETFs haven’t taken much longer to turn their fortunes around and return to the path of positive inflows. This shift in investor sentiment can be associated with a recent executive order signed by United States President Donald Trump, allowing crypto investments in retirement (401 (k)) plans. Four-Day Inflow Streak Changes Ethereum ETFs’ Week According to the latest market data, the US…