SharpLink Gaming has declared a capital raise of $200 million aimed at augmenting its Ethereum treasury. As ETH cements its position as programmable currency and a yield-generating asset through staking, SharpLink is making a significant wager on its future promise. This capital raise places the company among a growing cohort of enterprises redefining their capital strategies around blockchain-native assets. Why SharpLink Is Committing Fully To Ethereum In an X update, SharpLink Gaming disclosed that it has secured a $200 million capital raise through a direct offering fixed at $19.50 per share, supported by four international institutional investors. The firm intends…
Autore: wsjcrypto
Investors who participated in a 2022 lawsuit may be nearing the possibility of taking legal measures against celebrities who endorsed the EthereumMax (EMAX) token following a recent ruling by a California judge.In a filing on Wednesday in the US District Court for the Central District of California, Judge Michael Fitzgerald approved a motion that allows class-action lawsuits submitted in four US states to advance, but rejected the plea for a nationwide class against EMAX promoters. This ruling will permit cases involving investors who acquired EMAX between May 2021 and June 2021 to proceed in New York, California, Florida, and New…
“`html The group behind the decentralized finance (DeFi) protocol CrediX Finance seems to have vanished after a $4.5 million breach that drained assets from the platform, triggering worries of a potential exit scam.On Monday, blockchain security companies flagged the breach and confirmed that crypto holdings valued at $4.5 million had been seized from the platform. Consequently, the DeFi protocol suspended its website to stop users from adding any further funds.Blockchain security company SlowMist stated that six days prior to the breach, the attackers gained access to the protocol’s multisig administrator and bridge wallets. This access was exploited to create crypto…
The onion cultivators of Kalasag Multipurpose Cooperative have been supplying onions to the Jollibee Food Group since 2009. This collaboration, facilitated by the Jollibee Food Foundation, has offered both consistent market access and agro-entrepreneurship education to these farmers from Nueva Ecija. Arnold V. Dizon, the chairperson of Kalasag Multipurpose Cooperative, mentioned that reciprocal trust – combined with a collective sense of duty among its members – has been pivotal to the group’s achievements. “Itinuturo po nila sa amin ang pagne-negosyo at paano magbenta sa malalaking kumpanya (They instruct us on business practices and how to market to large corporations),” added…
Bitcoin skyrocketed past $117,500 today, bouncing back from a local low of $114,278 just yesterday, as indicated by data from Bitcoin Magazine Pro. This sudden recovery follows President Donald Trump officially signed a historic executive action permitting cryptocurrencies like Bitcoin to be incorporated into 401(k) retirement plans. The directive instructs the Department of Labor to reassess its existing guidance concerning fiduciary duties in ERISA-regulated plans and clarify the suitable procedure for offering diversified funds that encompass alternative investments. Furthermore, the directive mandates collaboration among the Department of Labor, the Treasury Department, the Securities and Exchange Commission (SEC), and other federal…
“`html In today’s crypto news, Ripple and the SEC have officially concluded their lengthy legal dispute, Donald Trump announced he will nominate Stephen Miran to temporarily occupy a vacant Federal Reserve position, and the White House indicated that Trump will enact an executive order instructing agencies to permit cryptocurrency in retirement funds.SEC, Ripple legal contest concludes with agreement to withdraw appeals The Securities and Exchange Commission and Ripple Labs culminated their lengthy legal contest over XRP (XRP) on Thursday following a US appeals court acknowledging the regulator’s request to forgo its appeal and the blockchain firm’s action to cease its…
“`html Reliable Editorial content, assessed by prominent industry specialists and experienced editors. Ad Disclosure Ripple has declared intentions to acquire Toronto-based payment infrastructure firm Rail in a $200 million agreement designed to enhance its presence in the stablecoin domain. The acquisition is projected to finalize in the fourth quarter of 2025, pending regulatory endorsement. Rail is recognized for its cross-border payment functionalities utilizing tokenized dollars and is supported by investors such as Galaxy Ventures and Accomplice. This move indicates Ripple’s aim to expand its stablecoin project, RLUSD, amidst a growing clarity in regulations surrounding stablecoins in the United States and…
“`html By Aubrey Rose A. Inosante, Reporter THE PHILIPPINE ECONOMY grew at a marginally quicker rate in the second quarter, propelled by robust agricultural output and an increase in consumption, the statistics agency reported on Thursday. Preliminary figures published by the Philippine Statistics Authority (PSA) indicated that the Philippine gross domestic product (GDP) increased by an annual 5.5% in the April-to-June timeframe, up from 5.4% in the initial quarter. This also aligned with the 5.5% median expectation in a BusinessWorld survey, and the lower threshold of the government’s 5.5% to 6.5% growth objective for this year. Nevertheless, this performance was…
MetaMask, one of the most prevalent Web3 wallets boasting over 100 million users, has officially incorporated the Sei Network, a Layer-1 blockchain recognized for its speed and scalability. This significant update enables users to access Sei’s decentralized applications (dApps), tokens, NFTs, and execute SEI transactions directly through MetaMask, eliminating the necessity for external tools or bridges. Related Reading With this incorporation, the overall number of supported blockchains in MetaMask climbs to 11, further solidifying its status as a prominent multi-chain wallet. A specific Sei section within the MetaMask Portfolio now provides users with a seamless gateway to the network’s gaming,…
“`html US President Donald Trump is poised to endorse an executive order on Thursday commanding federal banking regulators to pinpoint and penalize financial entities that have partaken in “debanking.”As reported by Bloomberg on Thursday, referencing a senior White House official, regulators are mandated to analyze complaint data, while financial institutions governed by the Small Business Administration will be urged to make efforts to restore clients who were wrongly denied banking services.Debanking has been a significant issue among certain political factions, who contend that businesses such as firearms producers and fossil fuel corporations have been denied financial services for ideological motives.This…