SharpLink Profit 21% as ETH Holdings Near 800K

Key Notes SharpLink holds 797,704 ETH, valued at $3.7 billion. The company’s Ethereum profit margin has reached 21%. SharpLink is nearing 800,000 ETH and launched a $1.5B stock buyback. Nasdaq-listed Ethereum ETH $4 656 24h volatility: 3.0% Market cap: $561.45 B Vol. 24h: $34.96 B treasury firm SharpLink is close to reaching 800,000 ETH in its portfolio. According to CryptoQuant community analyst Ja Maartun on X, the firm has invested a total of $2.87 billion in the accumulation of the second-largest cryptocurrency by market capitalization. SharpLink Stuns Market as Second-Largest…

Shiba Inu’s Shibarium Suffers Crash In Major Metric, Is SHIB Price At Risk?

Shiba Inu’s layer-2 network, Shibarium, has suffered a significant decline in its daily transaction metric, providing a bearish outlook for the top meme coin. This comes as the SHIB price looks to stage a rebound alongside the broader crypto market.   Shiba Inu’s Shibarium Suffers Crash In Daily Transactions Shibariumscan data shows that daily transactions on Shiba Inu’s layer-2 network crashed from just over 4 million on August 23 to 1.09 million on August 24. The crash further extended on August 25 as the network recorded 624,140 transactions on the day,…

Bitcoin Price Predictions Include $117,000 Next

Key points: Bitcoin traders reveal the key BTC price points for a bullish recovery. The risk of a “double top” for price remains, with $102,000 on the radar should support fail. The Bitcoin bull market does not have much time left — if history is a guide. Bitcoin (BTC) neared $113,000 after Wednesday’s Wall Street open as buyers sought to cement a market bounce. BTC/USD one-hour chart. Source: Cointelegraph/TradingView BTC price outlook hinges on $112,000 Data from Cointelegraph Markets Pro and TradingView showed local highs of $112,646 on Bitstamp. Now…

Dogecoin Price Faces 45% Crash as Whale Sell-Off Intensifies

Key Notes Dogecoin price has fallen 25% over the past month from $0.28, with major holders selling during the decline. The DOGE RSI has fallen to 49 from overbought levels, and futures open interest dropped to $3.24 billion from $5.25 billion. Daily active addresses on the Dogecoin network have dropped to 58,000 from 674,500 in July, showing waning retail sentiment. The Dogecoin DOGE $0.22 24h volatility: 4.0% Market cap: $33.36 B Vol. 24h: $1.91 B price has been moving sideways and is constantly under selling pressure with a 25% drop…

KuCoin Becomes Global Exchange for Thailand G-Token Initiative

Key Notes KuCoin has joined XSpring Digital, SIX Network, and Krungthai XSpring as a partner on the Thailand G-Token initiative. This makes it the first international crypto exchange to be associated with the world’s first publicly offered tokenized government bond. Thailand is keen on improving its crypto policies to attract more firms. Thailand’s Ministry of Finance has picked KuCoin to join the group of firms supporting its G-Token initiative. This makes KuCoin the first international crypto exchange to be associated with the world’s first publicly offered tokenized government bond. KuCoin…

Metaplanet Raises $881M for Bitcoin

Key Notes Metaplanet raises $881 million to expand its Bitcoin holdings. Metaplanet’s stock rose over 5% to 890 JPY following the announcement and its FTSE index inclusion. The firm also redeemed over JPY 5 billion ($35 million) in bonds and exercised 20th series stock acquisition rights. Metaplanet, popular as Japan’s MicroStrategy, has raised a staggering $881 million, dedicated to planned Bitcoin BTC $111 767 24h volatility: 1.6% Market cap: $2.23 T Vol. 24h: $37.93 B purchases ahead in September and October. The company’s stock price surged by 5.70% on the…

Metaplanet plots $837m Bitcoin acquisition amid treasury expansion

Metaplanet is leveraging an international share offering to massively expand its Bitcoin treasury in a move that appears a direct strategic hedge against Japan’s mounting national debt and persistent currency weakness, signaling a corporate flight from traditional safe havens. Summary Metaplanet plans an $837 million Bitcoin purchase via international share issuance, pending shareholder approval on Sept. 1. Nearly all proceeds from up to 555M new shares will fund BTC buys between September and October. The Tokyo-listed firm already holds 18,991 BTC, making it Asia’s largest corporate Bitcoin holder In a…

Pundit Says Bitcoin Price Crash Is Not Over, Why A Decline Below $100,000 Is Coming

Mihai Jacob, a well-known market watcher, says the Bitcoin price rally that followed Powell’s Friday speech may not be as strong as it first looked. The charts, he explains, continue to flash signs of weakness that should not be ignored. According to Jacob, the flagship cryptocurrency could still face another sharp decline, and a drop below $100,000 remains a real risk despite the short-term optimism. Powell’s Speech Gave Bitcoin Price A Lift, But Charts Tell A Different Story Jacob explains that in his earlier analysis, he noted the $110,000 zone…