Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 in Presale Funding

BitcoinWorld Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 in Presale Funding Dubai, UAE, August 23rd, 2025, Chainwire Pepeto ($PEPETO) is wrapping up Stage 10 of its presale, with overall investment now surpassing $6.28 million and millions of tokens sold. With Stage 10 now active, Pepeto has already sold a significant portion of its presale allocation. Pepeto’s Growth Overview Several key factors are fueling Pepeto’s milestone presale: Ethereum-Based Foundation : Built on Ethereum, Pepeto benefits from the security and recognition of the network while introducing unique utilities. Viral Community Engagement : Over 100,000 active followers across socials continue to amplify Pepeto’s story, making it one of the most discussed presales of 2025. Dual Security Audits : Fully audited by SolidProof and Coinsult, giving cautious investors more confidence in the project’s legitimacy. Strategic Tokenomics : A fixed supply of 420T tokens, mirroring Pepe, with allocations for presale, staking (242% APY), marketing, and liquidity, designed to support sustainable growth. Utility-Backed Ecosystem : A demo version of the Pepeto Exchange has already been displayed on socials, showcasing the zero-fee exchange, swap tech, and bridge. Applications are opening for Web3 projects to list in Stage 2. While its branding taps into meme culture, Pepeto is positioning itself as a token with real value. Its ecosystem includes a zero-fee exchange , PepetoSwap , and a cross-chain bridge , while staking rewards of 242% APY incentivize long-term holding. The project has also completed audits by SolidProof and Coinsult , giving added assurance of security. Reaching $6,287,248 in total investment places Pepeto among the most notable meme coins gaining significant backing. The team behind this project believes that with this level of capital raised, they’ll be able to drive global marketing efforts, secure top-tier listings, and expand ecosystem functions that strengthen long-term adoption. Pepeto’s Demo Exchange Displayed Before Listing One of Pepeto’s strongest signals of seriousness is the release of its demo exchange ahead of listing, as well as its story being derived from the frog themed project PEPE. Shared across its official social channels, the demo showcases how the platform will function as a hub for meme coin trading. By opening the door for legitimate projects to apply for listings, Pepeto is positioning itself as more than just a presale token, it is setting up infrastructure to support the sector long-term. Decentralized News Video mentioning Pepeto: This kind of development doesn’t just create short-term awareness. It gives users a glimpse of the product in action, adding credibility and offering a pathway for consistent activity once the exchange goes live. Countdown to Pepeto’s Launch Built on Ethereum and backed by a growing community of over 100,000, Pepeto is making its case as a contender in the meme projects space of 2025. With its zero-fee exchange, swap, bridge, and staking rewards of 242% APY , the project combines meme appeal with tangible functionality, a mix rarely seen in this category. About $PEPETO Pepeto is a groundbreaking cryptocurrency project that merges the viral appeal of meme culture with the robust utility of a next-generation ecosystem. Featuring a zero-fee exchange, a cross-chain bridge, high-yield staking and hype, $PEPETO is setting a new standard for what a meme coin can achieve in 2025 and beyond. For more information about Pepeto, users can visit: The official website: https://pepeto.io X: https://x.com/Pepetocoin Telegram channel: https://t.me/pepeto_channel Instagram: https://www.instagram.com/pepetocoin/ Disclaimer: To purchase PEPETO tokens, make sure to use the official website: https://pepeto.io . Users are encouraged to follow only the official channels as some malicious actors are attempting to mislead investors with fake platforms. Pepeto is the source of this content. Users are advised to do their own research when investing and reading about cryptocurrencies. Contact Relationship manager Daniel B. info@tokenwire.io This post Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 in Presale Funding first appeared on BitcoinWorld and is written by chainwire

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Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 in Presale Funding

Dubai, UAE, August 23rd, 2025, Chainwire Pepeto ($PEPETO) is wrapping up Stage 10 of its presale, with overall investment now surpassing $6.28 million and millions of tokens sold. With Stage 10 now active, Pepeto has already sold a significant portion of its presale allocation. Pepeto’s Growth Overview Several key factors are fueling Pepeto’s milestone presale: Ethereum-Based Foundation : Built on Ethereum, Pepeto benefits from the security and recognition of the network while introducing unique utilities. Viral Community Engagement : Over 100,000 active followers across socials continue to amplify Pepeto’s story, making it one of the most discussed presales of 2025. Dual Security Audits : Fully audited by SolidProof and Coinsult, giving cautious investors more confidence in the project’s legitimacy. Strategic Tokenomics : A fixed supply of 420T tokens, mirroring Pepe, with allocations for presale, staking (242% APY), marketing, and liquidity, designed to support sustainable growth. Utility-Backed Ecosystem : A demo version of the Pepeto Exchange has already been displayed on socials, showcasing the zero-fee exchange, swap tech, and bridge. Applications are opening for Web3 projects to list in Stage 2. While its branding taps into meme culture, Pepeto is positioning itself as a token with real value. Its ecosystem includes a zero-fee exchange, PepetoSwap, and a cross-chain bridge, while staking rewards of 242% APY incentivize long-term holding. The project has also completed audits by SolidProof and Coinsult , giving added assurance of security. Reaching $6,287,248 in total investment places Pepeto among the most notable meme coins gaining significant backing. The team behind this project believes that with this level of capital raised, they'll be able to drive global marketing efforts, secure top-tier listings, and expand ecosystem functions that strengthen long-term adoption. Pepeto’s Demo Exchange Displayed Before Listing One of Pepeto’s strongest signals of seriousness is the release of its demo exchange ahead of listing, as well as its story being derived from the frog themed project PEPE. Shared across its official social channels, the demo showcases how the platform will function as a hub for meme coin trading. By opening the door for legitimate projects to apply for listings, Pepeto is positioning itself as more than just a presale token, it is setting up infrastructure to support the sector long-term. Decentralized News Video mentioning Pepeto: This kind of development doesn’t just create short-term awareness. It gives users a glimpse of the product in action, adding credibility and offering a pathway for consistent activity once the exchange goes live. Countdown to Pepeto’s Launch Built on Ethereum and backed by a growing community of over 100,000, Pepeto is making its case as a contender in the meme projects space of 2025. With its zero-fee exchange, swap, bridge, and staking rewards of 242% APY , the project combines meme appeal with tangible functionality, a mix rarely seen in this category. About $PEPETO Pepeto is a groundbreaking cryptocurrency project that merges the viral appeal of meme culture with the robust utility of a next-generation ecosystem. Featuring a zero-fee exchange, a cross-chain bridge, high-yield staking and hype, $PEPETO is setting a new standard for what a meme coin can achieve in 2025 and beyond. For more information about Pepeto, users can visit: The official website: https://pepeto.io X: https://x.com/Pepetocoin Telegram channel: https://t.me/pepeto_channel Instagram: https://www.instagram.com/pepetocoin/ Disclaimer: To purchase PEPETO tokens, make sure to use the official website: https://pepeto.io . Users are encouraged to follow only the official channels as some malicious actors are attempting to mislead investors with fake platforms. Pepeto is the source of this content. Users are advised to do their own research when investing and reading about cryptocurrencies. ContactRelationship managerDaniel B.info@tokenwire.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.

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Ethereum Breaks $4,750 Support As Pepeto Crosses $6,287,248 in Presale Funding

Dubai, UAE, August 23rd, 2025, Chainwire Pepeto ($PEPETO) is wrapping up Stage 10 of its presale, with overall investment now surpassing $6.28 million and millions of tokens sold. With Stage 10 now active, Pepeto has already sold a significant portion of its presale allocation. Pepeto’s Growth Overview Several key factors are fueling Pepeto’s milestone presale: Ethereum-Based Foundation : Built on Ethereum, Pepeto benefits from the security and recognition of the network while introducing unique utilities. Viral Community Engagement : Over 100,000 active followers across socials continue to amplify Pepeto’s story, making it one of the most discussed presales of 2025. Dual Security Audits : Fully audited by SolidProof and Coinsult, giving cautious investors more confidence in the project’s legitimacy. Strategic Tokenomics : A fixed supply of 420T tokens, mirroring Pepe, with allocations for presale, staking (242% APY), marketing, and liquidity, designed to support sustainable growth. Utility-Backed Ecosystem : A demo version of the Pepeto Exchange has already been displayed on socials, showcasing the zero-fee exchange, swap tech, and bridge. Applications are opening for Web3 projects to list in Stage 2. While its branding taps into meme culture, Pepeto is positioning itself as a token with real value. Its ecosystem includes a zero-fee exchange, PepetoSwap, and a cross-chain bridge, while staking rewards of 242% APY incentivize long-term holding. The project has also completed audits by SolidProof and Coinsult , giving added assurance of security. Reaching $6,287,248 in total investment places Pepeto among the most notable meme coins gaining significant backing. The team behind this project believes that with this level of capital raised, they'll be able to drive global marketing efforts, secure top-tier listings, and expand ecosystem functions that strengthen long-term adoption. Pepeto’s Demo Exchange Displayed Before Listing One of Pepeto’s strongest signals of seriousness is the release of its demo exchange ahead of listing, as well as its story being derived from the frog themed project PEPE. Shared across its official social channels, the demo showcases how the platform will function as a hub for meme coin trading. By opening the door for legitimate projects to apply for listings, Pepeto is positioning itself as more than just a presale token, it is setting up infrastructure to support the sector long-term. Decentralized News Video mentioning Pepeto: This kind of development doesn’t just create short-term awareness. It gives users a glimpse of the product in action, adding credibility and offering a pathway for consistent activity once the exchange goes live. Countdown to Pepeto’s Launch Built on Ethereum and backed by a growing community of over 100,000, Pepeto is making its case as a contender in the meme projects space of 2025. With its zero-fee exchange, swap, bridge, and staking rewards of 242% APY , the project combines meme appeal with tangible functionality, a mix rarely seen in this category. About $PEPETO Pepeto is a groundbreaking cryptocurrency project that merges the viral appeal of meme culture with the robust utility of a next-generation ecosystem. Featuring a zero-fee exchange, a cross-chain bridge, high-yield staking and hype, $PEPETO is setting a new standard for what a meme coin can achieve in 2025 and beyond. For more information about Pepeto, users can visit: The official website: https://pepeto.io X: https://x.com/Pepetocoin Telegram channel: https://t.me/pepeto_channel Instagram: https://www.instagram.com/pepetocoin/ Disclaimer: To purchase PEPETO tokens, make sure to use the official website: https://pepeto.io . Users are encouraged to follow only the official channels as some malicious actors are attempting to mislead investors with fake platforms. Pepeto is the source of this content. Users are advised to do their own research when investing and reading about cryptocurrencies. ContactRelationship managerDaniel B.info@tokenwire.io Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

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Tokenized Treasury Sector Surpasses July High, Setting New Record

The total value locked (TVL) in tokenized U.S. Treasuries has climbed back to its peak, hitting $7.42 billion on Aug. 23, slightly above the previous record of $7.41 billion set on July 16. Institutional U.S. Bond Tokens Hit $7.42B Across 49 Products The latest figures from rwa.xyz show growth of 1.41% from a week ago,

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Solana Price To Face More Sideways Action Before Real Breakout, Keep Your Eyes On These Coins In The Meantime

The Solana price has been under the microscope, and the consensus among analysts is clear: expect more sideways action before any major breakout. While many have their eyes glued to SOL, smart traders are shifting focus to fresh presale tokens like Layer Brett (LBRETT), which is making headlines for its explosive potential. Experts are boldly projecting that LBRETT could deliver 100x gains—potentially leaving the Solana price in the dust for the next market cycle. Layer Brett (LBRETT) presale and the rise of utility-driven meme coins Layer Brett (LBRETT) is the talk of the town, merging meme coin appeal with real blockchain utility. Its ongoing presale has captured the attention of DeFi and altcoin enthusiasts, thanks to an early staking APY that soared above 25,000% (now dropping as more users pile in). Close to $1 Million has already been invested and tokens are currently priced at $0.0047. The next price increase is due to happen within the next 36 hours as demand for LBRETT tokens ramps up. Built atop Ethereum Layer 2, LBRETT brings fast, scalable, low gas fee crypto transactions and robust DeFi features. This blend of meme coin energy and utility is why analysts are watching LBRETT as the next big crypto—especially as it outpaces traditional meme coins and even mainstream crypto like SOL. Solana (SOL): Sideways consolidation, technical indicators, and what’s next Solana (SOL) has long been at the forefront of smart contracts and DeFi innovation, boasting lightning-fast transaction speeds and a robust NFT ecosystem. Current analysis suggests the Solana price will likely trade sideways for several months before seeing a meaningful move. Technical indicators such as the 200 EMA and MACD are flattening below $180, and the RSI is hovering near 54, indicating a neutral SOL trend. Experts predict a potential SOL rise to the $200–$225 range by late 2025, yet warn that macro trends could keep SOL range-bound near its current $181.96 mark. Despite its strengths, SOL currently lacks the momentum of presale tokens like LBRETT. The appeal of exponentially greater upside has many investors redirecting funds from established coins such as SOL into the Layer Brett ecosystem. Why Layer Brett is building exponential momentum Layer Brett (LBRETT) is showing all the hallmarks of a next 100x altcoin, with its presale in high demand. Here’s what sets it apart from SOL and meme coins: Experience the next evolution of decentralized finance with LBRETT, an innovative Layer 2 token. By building directly on the Ethereum network, LBRETT delivers lightning-fast transactions and drastically reduced costs while leveraging the unparalleled security of the world’s leading smart contract blockchain. LBRETT tokens are available at an exclusive early-bird pricing of $0.0047 (at the time of writing), providing a clear advantage for first-movers. Early participants have already secured incredible staking rewards, initially soaring above 25,000% APY. These rates are designed to decrease as the network grows, adding a layer of urgency to the opportunity. Beyond the viral appeal of a meme coin, Layer Brett offers genuine utility. It’s a technology-backed asset providing real value across decentralized finance and Web3 applications. Participate without any restrictive KYC requirements, giving full control and true self-custody. Plus, a massive $1 million giveaway and community campaigns are fueling the excitement and adding even more incentive to get involved. Act fast or miss out on the next crypto bull run With SOL consolidating, Layer Brett (LBRETT) is shaping up to be the top coin and possibly do 100x. The presale won’t last forever —stake now to secure massive APYs and a spot in the $1 million giveaway. Don’t let the SOL sideways action keep you on the sidelines: Layer Brett is where meme power meets real blockchain utility, and early backers could ride the wave into the 2025 crypto bull run. Can You Afford To Miss LBRETT’s Climb To Crypto Stardom? Secure Your LBRETT Tokens Today! Presale: Layer Brett | Fast & Rewarding Layer 2 Blockchain Telegram: Telegram: View @layerbrett X: (1) Layer Brett (@LayerBrett) / X

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Ethereum Breaks Records as Market Dynamics Shift

Ethereum reaches a new high, affecting many investors through significant liquidations. Experts see potential for market rebalancing and new rallies in short positions. Continue Reading: Ethereum Breaks Records as Market Dynamics Shift The post Ethereum Breaks Records as Market Dynamics Shift appeared first on COINTURK NEWS .

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US Court Grants Stay In Coinbase Biometric Data Lawsuit — Details

In the latest development, an Illinois judge has granted a motion to pause proceedings in a lawsuit against US-based cryptocurrency exchange Coinbase. This decision would suspend further actions in the crypto company’s court case involving alleged violations of the state’s Biometric Information Privacy Act (BIPA). How Another Case Could Decide The Outcome Of Coinbase Lawsuit According to an August 21 filing in the US District Court for the Northern District of Illinois Eastern Division, Judge Sharon Johnson Coleman approved a motion submitted by Coinbase to stay a lawsuit accusing the exchange of violating the state’s Biometric Information Privacy Act. The motion asked the court to wait for a ruling from the US Court of Appeals for the Seventh Circuit on a similar case. The Court of Appeals case involves Nuance Communications and Charles Schwab, with the intricacies around supplying voice identification technology forming the foundation of the legal battle. The decision from this particular lawsuit could set precedent for how BIPA affects financial service providers, including cryptocurrency exchanges. The court document read: [T]he Court finds that the stay would simplify the issues and streamline the trial reduce the burden of litigation on the Court and the parties […] [and] would not unduly prejudice or tactically disadvantage Plaintiffs. The lawsuit, filed in May 2025 by a group of users, accused Coinbase of the “wholesale collection” of biometric data for its Know Your Customer (KYC) requirements without notifying the users, thereby violating the Illinois law. The plaintiffs also alleged that the crypto company inappropriately shared the faceprints with third-party verification providers. Under Illinois’ Biometric Information Privacy Act, private firms or organizations can face damages of up to $5,000 for each instance of reckless or intentional violation of the law and $1,000 per negligent violation of the BIPA. The plaintiffs also sought relief to cover their legal costs. Coinbase Under Pressure From Data Security Breach Due to a separate incident, Coinbase has been under scrutiny over the security of customer data. The crypto company revealed in May that a group of customer support contractors in India accessed account data for users in exchange for bribes. While the customer contractors were eventually dismissed, the individuals behind the data breach tried to extort $20 million in Bitcoin from Coinbase. Ultimately, this incident has put Coinbase under pressure and called into question its process of handling personal user data.

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XRP Price Prediction: Ripple To $10 In 2025? Why Investors Are Accumulating Mutuum Finance (MUTM) Instead

While Ripple (XRP) hangs in balance over speculations of hitting a valuation of $10 in 2025, investors are increasingly shifting their focus to Mutuum Finance (MUTM) in private. Mutuum Finance phase 6 presale is currently selling the token for $0.035. Investors who purchase the token today have a high chance of seeing a minimum ROI of 500% within weeks to months. Mutuum Finance presale has already received more than $14.75 million in capital and onboarded more than 15550 token holders to date. As XRP moves through the market, Mutuum Finance is gaining traction for being ahead of DeFi innovations and accumulation trends that show strategic positioning versus hype-driven speculation. XRP Price Prediction: Capitalizing on Market Volatility in 2025 XRP currently sits at approximately $2.93, having risen 1.38% from the previous close. The token has seen its price swing between $2.83 and $2.98 during the day, which indicates that there is still market volatility. Analysts are monitoring key support levels of $2.85 and $2.74, with a measured target of $2.40 should the downtrend persist. Market sentiment is being manipulated by the U.S. Securities and Exchange Commission’s (SEC) delay to make a ruling on XRP exchange-traded funds (ETFs) proposals, setting timelines for decisions to late October. This volatility, together with risk-averse investor sentiment ahead of Federal Reserve Chairman Jerome Powell’s upcoming speech, has added to the bearish pressure on the price of XRP. Despite all that, optimists still maintain a positive outlook, forecasting a potential rise to $5.05 by the end of 2025, provided that market conditions and regulatory news remain favorable. Presale Stage 6 of Mutuum Finance (MUTM) Mutuum Finance has been able to achieve more than 15,550 investors whose total presale raise is now well over $14.75 million. The project is already at presale stage 6 at $0.035. Mutuum Finance has launched a $50,000 USDT Bug Bounty Program. It is a four-tiered reward i.e., critical, major, minor and low wherein each level of risk is being rewarded. It is another feature which puts Mutuum in the list of a trendsetter as far as generation of trust from both the view point of good infrastructure as well as good security. Mutuum Finance Giveaway: $100K Reward Mutuum Finance has launched a $100,000 giveaway . 10 participants will each get $10,000 MUTM. The giveaway is the project’s way of creating a long-term and dedicated community. Dual-Lending: Future-Proof DeFi Mutuum Finance uses a two-model approach to have the maximum flexibility and efficacy with Peer-to-Contract and Peer-to-Peer models of lending. Peer-to-Contract is running self-execute smart contracts that will lend without any sort of human intervention. They have been written to operate according to changing market rates with an interest rate from available demand and supply. Middleman does not exist for Peer-to-Peer model and the borrowers are talking directly to the lenders. Peer-to-Peer model is trending among meme coins. Mutuum Finance (MUTM) has seen strong demand since launch earlier this year. The presale has raised more than $14.75M and onboarded 15,550+ investors to date. At $0.035 in Phase 6, initial purchase can result in 500%+ returns when the token launches and gains traction. Supported by a $100K giveaway and $50K CertiK bug bounty, MUTM is becoming a top DeFi project. Join presale now to get your tokens early. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance

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Best Crypto Presale 2025 Amid Market FUD: BNB Price Crashes While MAGACOIN Finance Ranked 1 Pick

Crypto markets remain volatile as Bitcoin faces downward pressure and BNB records fresh dips. Yet amid the uncertainty, MAGACOIN Finance has surfaced as the best crypto presale 2025, offering early investors a 50% bonus with the code PATRIOT50X. Market FUD Intensifies as Bitcoin Struggles The broader market is battling heavy selling pressure as Bitcoin fell to $112,890 this week, a 9% slide from its recent $124,457 peak. Analysts warn that if Bitcoin fails to reclaim the $120K–$122K range, a deeper move toward $88,000 could be on the cards. These warnings have added to overall fear, with traders treading cautiously after seven days of consistent pullbacks. Despite the bearish narrative, many are looking at altcoins as hedges and diversification plays, especially projects with limited downside exposure. While Bitcoin consolidates, the search for assets offering security during downturns has intensified. This sets the stage for presale opportunities to gain traction as traders explore safer entry points into the market. BNB Price Faces Pressure but Adoption Expands BNB dipped 1% in the past 24 hours, tracking Bitcoin’s weakness, but its network continues to see stronger real-world adoption. Bitpanda recently launched a DeFi wallet supporting over 5,000 tokens on BNB Chain, making access easier for millions of users. At the same time, KiloEx joined CoinMarketCap and SpaceID in the BNB Guardians coalition, further cementing BNB’s role in Web3 infrastructure. Institutional interest is also rising, with Windtree Therapeutics reportedly buying $500 million worth of BNB, and Nasdaq-listed BNC adding $160 million to its treasury. Social sentiment has turned bullish, with forecasts pointing to $1,000 and beyond by 2026. Still, for now, BNB’s short-term price action remains tied to Bitcoin’s performance, leaving traders cautious until clear recovery signals emerge. MAGACOIN Finance Presale: Early Bonus & Safe Haven Appeal While BNB and Bitcoin face price turbulence, MAGACOIN Finance is holding steady and has become one of the most talked-about opportunities in 2025. The altcoin offers early investors a 50% EXTRA BONUS with the code PATRIOT50X, available for a limited time. This presale deal positions it as the best crypto presale to buy for those seeking hedge, diversification, and a safer allocation during market crashes. With altcoins gaining attention as alternatives in times of fear, MAGACOIN Finance has become attractive for traders wanting early exposure at locked-in stage pricing before exchange listings. Importantly, its ability to maintain stability while major assets like BNB dip underlines its appeal as a safe haven option. But urgency is key—this bonus structure and discounted pricing won’t last beyond the presale phase. What Should Traders Do Next? With Bitcoin uncertainty and BNB tied to its swings, diversification into altcoins looks sensible. MAGACOIN Finance’s presale, with its 50% PATRIOT50X bonus, offers one of the clearest entry points before exchange listings. Traders looking to act should not delay—presale phases are time-limited, and entry prices will only rise. Website: https://magacoinfinance.com Presale: https://magacoinfinance.com/presale X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Best Crypto Presale 2025 Amid Market FUD: BNB Price Crashes While MAGACOIN Finance Ranked 1 Pick

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SharpLink Stock Surges Over 15% Amid Stock Repurchase Plan

SharpLink’s stock rose over 15% to above $20 after the company announced a $1.5 billion stock buyback program. The board of directors approved this plan to show its commitment to increasing shareholder value and promoting long-term growth. Details of SharpLink Stock Repurchase Plan According to a press release , SharpLink mentioned that the stock program lets the company buy back shares in different ways, such as open market transactions or private deals. The company noted that the volume and timing of the share purchase will depend on several factors. These include market conditions, available cash, and current stock prices. Notably, the Ethereum treasury-focused firm made it clear that this program does not require the company to buy back a fixed number of shares. The board can change, pause, or stop the program based on market conditions or company needs. This strategy allows SharpLink to stay flexible while also showing confidence in its long-term value. SharpLink’s co-CEO Joseph Chalom affirmed that the main goal of the initiative is to prevent the loss of value for investors. Furthermore, he said the initiative will help to increase the Ethereum value per share. This compounding effect is also meant to provide lasting benefits for investors. SharpLink Adopts Ethereum as Main Treasury Asset In July, the Minneapolis-based tech company revealed its plan to hold its ETH holdings , stake them on Ethereum’s proof-of-stake network, and increase the amount of ETH each investor owns. To SharpLink, ETH is more than just a digital coin. It is a scarce and secure asset that can also earn rewards when staked. It is also worth noting that the company sees it as a smart long-term investment. Since launching its ETH plan, SharpLink has rapidly built up its holdings. Between May 30 and June 12, the company purchased over 176,000 ETH, valued at $463 million. In mid-June, the firm added over 12,000 ETH, bringing the total holdings to 188,478 ETH by June 24. Growing Market for Ethereum Treasuries As reported by TheCoinRise, the company’s strategy focuses on generating value for shareholders through yield creation and management of capital. Interestingly, SharpLink wants to stand out from other companies by using this strategy . Reportedly, the total market value of companies holding ETH on their balance sheets has now surpassed $10 billion. This reflects a growing trend in digital asset treasuries. BitMine Immersion Technologies, which recently added 317,000 ETH , valued at about $4.9 billion, to its stash, is leading this trend. Nevertheless, SharpLink’s aggressive accumulation, staking, and ETH management place it among the top holders of Ethereum among publicly traded companies. The post SharpLink Stock Surges Over 15% Amid Stock Repurchase Plan appeared first on TheCoinrise.com .

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