Ethereum treasury company Sharplink Gaming has acquired another 21,487 ETH worth $64.24 million. The company bought the ETH in over-the-counter (OTC) deals within six hours through Galaxy Digital and Coinbase Prime. This follows its recent purchase of 10,000 ETH from the Ethereum Foundation for more $25 million through an OTC deal, continuing the company’s buying spree. According to crypto analyst Ember CN , the firm has 253,000 ETH with an average purchase price of $2,647. Sharplink, a gaming company, before it pivoted to crypto by establishing an Ethereum Treasury in early June, has Consensys Chairman and Ethereum co-founder Joe Lubin as its chairman. Although the company initially raised around $425 million to buy ETH, it has already spent over $600 million on acquiring Ethereum in less than two months, contributing significantly to buying pressure around the asset. Its decision to adopt the ETH treasury could not have come at a better time, with the asset seeing sizable gains over the past few weeks, enough to make the Sharplink portfolio turn profitable. With ETH gaining 17.75% in the last seven days and briefly crossing $3,000 for the first time since February 2025 before dropping to the $2,900 range, the company is now sitting on unrealized profits. Per Ember_CN, the firm has over $79 million in profits at the current ETH price. Sharplink stock outperforms ETH since the first acquisition Even more interesting is how Sharplink (SBET) has been performing relative to ETH since the company adopted the ETH treasury. According to CryptoQuant , SBET is up 486% since Sharplink first invested in ETH. By comparison, ETH has only been 17% since then. Sharplink stock value has quadrupled since adopting ETH Treasury (Source: CryptoQuant) Interestingly, this is not unique to Sharplink and ETH. Strategy (formerly MicroStrategy) stock MSTR has performed relatively better than Bitcoin. According to Yahoo Finance data, BTC is up only 24.75% this year while MSTR is up 44.86%. Unsurprisingly, the company stock is trading at a premium to the ETH it holds. With a market cap of $1.55 billion, the value of ETH backing each SBET stock based on its current ETH holdings is only 0.00353 ETH, worth around $10.40 at current prices. This is far below the $21.5 share value. However, the recent gains of Sharplink stock are a welcome development given that the shares are still trading far below their peak. SBET peaked in May at $124 and has fallen significantly since then, with its registration of shares filing a few months ago even part of the factors contributing to that decline. Meanwhile, the company is now the largest holder of ETH after its latest purchase, which took it above the Ethereum Foundation holdings of 242,489 ETH. ETH hitting $3k ignites alt season sentiments The $3,000 mark represents a significant price level for Ethereum, both psychologically and financially. According to Santiment , 124.13 million of the total 155.04 million ETH in existence are at a higher price at this level than when they first originated. This means that 4 out of every 5 ETH tokens are in profit above $3,000. Meanwhile, many believe the altcoin season might be on the way, noting the sustained ETH performance over the past few weeks that has allowed the token to wipe off most of its losses this year. There were further signs of interest with ETH futures flipping that of BTC a few days ago, according to Glassnode data, with a 24-hour volume of $62.1 billion compared to the $61.7 billion. The drop in Bitcoin dominance from 66% to 64.5% has also contributed to this sentiment. ETH exchange-traded funds have also started attracting massive volume, with $1.10 billion in net inflows into the products in July. The month is now on track to become the second-best month for ETH ETFs since its launch in 2024 and is already third, only a few hundred million behind June 2025, which had $1.16 billion, and over a billion behind December 2024 with $2.08 billion. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Federal Reserve Chair Jerome Powell is reportedly considering resignation, according to a breaking update from Watcher.Guru. The development, though unconfirmed, has sparked widespread attention across financial and political circles, particularly due to its potential impact on monetary policy, investor confidence, and the digital asset market, especially XRP. Mounting Political Pressure and Renovation Controversy The speculation follows increasing scrutiny over a $2.5 billion renovation of the Federal Reserve’s Washington, D.C. headquarters, an initiative many have labeled the “Palace of Versailles.” Critics, including members of Congress and President Donald Trump, accuse Powell of misleading lawmakers by downplaying the extravagant features of the project. The backlash has led to a formal investigation by the Office of Management and Budget. On July 8, President Trump publicly called for Powell’s immediate resignation , blaming him for failing to guide interest rates responsibly and for mismanaging the renovation’s public disclosure. Adding fuel to the fire, Bill Pulte, director of Fannie Mae and Freddie Mac, posted on X: “I’m encouraged by reports that Jerome Powell is considering resigning… I think this will be the right decision for America, and the economy will boom.” JUST IN: Federal Reserve Chair Jerome Powell reportedly considers resigning. pic.twitter.com/7ifnOo9SFP — Watcher.Guru (@WatcherGuru) July 11, 2025 Uncertainty Around Succession and Market Reaction Although Powell’s term runs through May 2026, internal sources cited by Watcher.Guru suggests that the Chair is under immense stress and may step down voluntarily. Despite the growing speculation, no official resignation has been announced, and White House insiders maintain that a transition is not currently in motion. Names being floated as potential successors include Treasury Secretary Scott Bessent, former Fed Governor Kevin Warsh, and economist Kevin Hassett. However, any leadership change at the Fed, especially under pressure, could be seen as politically motivated and risk shaking investor confidence in the central bank’s independence. Implications for Interest Rates and Crypto Liquidity From a financial perspective, a Powell resignation could signal a pivotal shift in monetary policy. His departure might open the door for a more dovish Federal Reserve inclined toward cutting interest rates sooner than previously anticipated. Such a shift would inject additional liquidity into the financial system, traditionally a strong catalyst for risk assets, including cryptocurrencies. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 For XRP, this potential liquidity boost could translate into increased upward momentum. Historically, XRP has performed well in low-rate , dollar-weakening environments. During a similar period of monetary softening in April 2025, XRP surged 4% in one week to $2.12. What It Means for XRP and the Broader Crypto Market If Powell exits and his successor pivots to a looser monetary stance, XRP and other cryptocurrencies could experience significant rallies driven by increased capital inflows. However, a chaotic or politically charged resignation could temporarily dampen market enthusiasm, especially if it introduces policy uncertainty. As the report continues to gain traction, investors across traditional and digital markets are watching closely. Whether Powell stays or steps down, the narrative is already influencing expectations and could be setting the stage for a new phase in the crypto rally. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Federal Reserve Chair Considers Resigning. Here’s What This Means for XRP and Crypto Rally appeared first on Times Tabloid .
As Ethereum (ETH) flirts with the critical $3,000 resistance level, a technical ceiling that could unlock an 80% rally if breached, smart money is shifting focus to a lesser-known DeFi gem, Mutuum Finance (MUTM) . MUTM is priced at $0.03 in phase 5 of its presale. This is the cheapest the token will ever be, with a 16.67% price increase expected in phase 6. Mutuum Finance’s 5th presale phase is over 65% sold out and has raised more than 12,100,000 and 13,100 unique holders now own the token. While Ethereum battles key levels amid renewed market momentum, Mutuum Finance is quietly drawing attention as it could $6.2 with a projected upside of 10,200%. Ethereum Eyes Upside as $3,200 Resistance Looms on Technical & Institutional Strength Ethereum is trading around $2,817, poised just below the critical $2,800–$3,000 resistance zone, following a recent 30% surge from June lows near $2,100. On-chain data complements these indicators, showing shrinking exchange reserves, record staking levels over 35 M ETH, and growing wallet accumulation. Meanwhile, robust institutional activity, highlighted by over $2 billion in ETF inflows in recent weeks and major firms like SharpLink and GameSquare increasing their exposure, adds to the narrative. If Ethereum clears above the $3,000 barrier, it could set the stage for the projected 80% upside scenario. Mutuum Finance, mentioned only in passing here, remains on the radar for speculative plays. Mutuum Finance Presale Phase 5 Exceeds $12.1 Million Milestone Mutuum Finance presale Phase 5 is live and gaining traction. Over 13100 investors have already invested in the presale and have raised $12.1 million, a sure indication of heightened hype. Price increases are inevitable since Phase 5 has already reached 65%. Investing now guarantees investors the lowest price for the highest ROI. Mutuum Finance stands out in the crypto market, not through hype, but through actual utility and security at scale, with its game-changing dual-lending platform and upcoming USD-pegged stablecoin. Mutuum Finance Introduces $50,000 Bug Bounty Program Mutuum Finance in its transparency and security emphasis has even introduced its official Bug Bounty Program in partnership with CertiK having a reward value of 50,000 USDT. It offers the reward in four categories, critical, major, minor and low in which there is reward for each type of vulnerability. This is another feature which indicates the proactive attitude of Mutuum in creating trust with respect to strong infrastructure and good security. Moreover, the project is creating an Ethereum-based full-collateralized stablecoin. The asset will remain stable in volatile markets in contrast to algorithmic stablecoins that depeg in a fluctuating market. Community Engagement Grows as Mutuum Unveils $100,000 Giveaway The project has already received the certification by CertiK and is paving the way for massive adoption. MUTM is also organizing $100,000 giveaway contest, and 10 fortunate winners will receive $10,000 in Mutuum Finance tokens each. While Ethereum (ETH) hovers just below the pivotal $3,000 resistance, where a breakout could trigger an 80% rally, another opportunity is rising fast. Mutuum Finance (MUTM), currently priced at $0.03 in Phase 5 of its presale, is attracting major attention with over $12.1 million raised and 13,100+ holders already onboard. With projections targeting a potential 10,200% upside to $6.20, MUTM offers early investors a much more explosive ROI. Backed by real DeFi utility, a dual-lending system, an upcoming fully collateralized stablecoin, and a $50K CertiK bug bounty, Mutuum is proving it’s built for long-term impact. Secure your tokens now before the price increases in Phase 6. For more information about Mutuum Finance (MUTM) visit the links below Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
On July 12, Bitcoin experienced a brief dip below the $117,000 mark, reflecting heightened market volatility. According to data from HT Market, the flagship cryptocurrency is currently trading at approximately
XRP’s recent price action has formed a rare technical pattern known as a “compound fulcrum,” signaling a potential surge to $4.40, according to veteran trader Peter Brandt. This pattern emerges
Chinese electric vehicle maker Chery has denied improper subsidy claims. According to reports, the automaker denied all allegations that it improperly claimed government subsidies for environmentally friendly vehicles. The denial comes after an audit carried out by the Ministry of Industry and Information Technology disqualified declarations by Chery and BYD for a combined $53 million in subsidies covering thousands of vehicles sold between 2015 and 2020. In its statement, Chery mentioned that it consulted with authorities regarding some missing receipts due to the age of the sales record. Chinese EV maker Chery debunks improper subsidy claims Chery also emphasized that it had reported the situation truthfully, adding that it had not carried out any wrongdoing. “Our company has truthfully reported to the authorities that we did not collect certificates for end sales; there’s no fraudulent act,“ Chery said in a statement. The audit, which was carried out earlier this year, saw about 21,725 vehicles disqualified due to discrepancies such as missing documents or failure to meet mileage thresholds. Chery was responsible for about 7,663 disqualified vehicles, with most of its vehicles disqualified due to missing certificates rather than mileage issues. BYD , on the other hand, saw 4,973 of its vehicles disqualified. The government has not accused any of the companies of fraud, and the audit document did not specify any penalties or reimbursements as a result of the disqualification. However, according to past policies, vehicle makers have had to repay subsidies for vehicles that failed to reach the accepted mileage standards. Chery clarified that the audit only covered unpaid subsidy claims, meaning that no repayments were necessary. BYD, another Chinese EV maker involved in the audit, is yet to respond to the allegations. The allegations are coming off an audit carried out by the industry ministry. According to the audit, the ministry discovered that Chery and BYD improperly claimed a combined $53 million in government subsidies for eco-friendly vehicles sold since 2020, accounting for 60% of improper claims. The audit, carried out by the Ministry of Industry and Information Technology last month, discovered that about 21,725 vehicles should not have received subsidies that amounted to $121 million. Repaying subsidies has the potential to reduce pain for China’s automakers as the industry continues to contend with excess capacity and the fallout from a prolonged and fierce price war that has affected profitability and set dealers and suppliers at odds with manufacturers. Top leaders in the country have promised to look into the issue, with a promise to increase regulations on pricing and support the orderly phasing out of outdated production capacity. China provided generous subsidies for new energy vehicles between 2009 and 2022 to push the adoption of electric vehicles. The move works, and sales of electric vehicles started to surpass gasoline-powered car sales every month since March. The ministry report includes audits by local governments, which are now carrying out more audits for 2021 and 2022. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Cryptocurrency analysis firm Santiment released a compelling analysis of market dynamics in its latest report. Warnings range from Ethereum whales to the memecoin craze, from XRP volatility to signals of altcoin season. According to data from Santiment, large wallets holding more than 10,000 ETH hold 75.74% of the Ethereum supply, the highest level since May 2017. The company considers this increase a long-term bullish signal. While Bitcoin remains in the headlines, Ethereum is quietly gaining attention as it approaches the $3,000 mark. Social media optimism surrounding ETH is high. However, Santiment analyst Brian warns that this overwhelming positive sentiment could be counterproductive in the short term. Related News: Big Crypto Whales Make Big Trades as the Market Rises - Here's What They Trade According to the analytics firm's report, memecoins were the cryptocurrency sector that rose the most last week. Brian highlighted this area, which led the way with an average increase of 17%, arguing that this could be a sign of market saturation and a potential peak approach. According to Santiment, the number of wallets holding one million XRP or more has reached an all-time high of 2,743. At the same time, the total amount of XRP held by these whales is also increasing. This double-edged surge is considered a strong bullish signal for XRP. Santiment's data reveals that many altcoins are outperforming Bitcoin. However, the sustainability of this trend depends on Bitcoin's stability above the $110,000 level, which the company stated is a critical threshold for the altcoin market. While the week ended on a strong note, the next few days will be the true test of the market. Analysts predict Monday, in particular, will reveal whether the crypto market can maintain its momentum. *This is not investment advice. Continue Reading: Number of XRP Whales at All-Time High, Ethereum Whales at Threshold Not Seen Since 2017 – What’s Happening? Here’s What Analysts Say
XRP extremely rare pattern hints bullish continuation as price rallies 25%
Ethereum has surged past the $3,000 threshold, marking a significant recovery and boosting investor confidence as nearly 80% of its circulating supply is now profitable. With over 124 million ETH
The cryptocurrency market is fueled by Bitcoin and stablecoin growth. Stablecoins like USDT and USDC have significantly expanded their supply. Continue Reading: Cryptocurrency Market Surge Driven by Growing Stablecoin Supply! The post Cryptocurrency Market Surge Driven by Growing Stablecoin Supply! appeared first on COINTURK NEWS .