Category: Reviews

BlackRock Continues to Offload Millions in Bitcoin, Ethereum, But for How Long?

Key Notes BlackRock deposited significant crypto holdings to Coinbase Prime, suggesting potential market-making activities or reserve adjustments. ETF flow data conflicts with on-chain movements, showing mixed signals between institutional demand and actual crypto transfers. Analysts remain bullish despite apparent sell pressure, citing Federal Reserve rate cut expectations and Tether’s recent $2B minting activity. BlackRock is the world’s largest asset manager and the leading institution in Bitcoin BTC $111 507 24h volatility: 0.8% Market cap: $2.22 T Vol. 24h: $44.85 B and Ethereum ETH $4 313 24h volatility: 0.1% Market cap:…

SharpLink Gaming Launches $15M Share Buyback as Stock Trades Below NAV

Key Notes Company executed initial $15 million repurchase of 939,000 shares while maintaining zero debt against $3.6 billion ETH treasury. Stock gained 3.6% in pre-market trading but remains 60% below July peaks despite increased trading volume activity. Management prioritizes buybacks over equity issuance while nearly all Ethereum holdings generate staking revenue for operations. SharpLink Gaming Inc. (Nasdaq: SBET) announced on Tuesday that it has begun executing its $1.5 billion share buyback program by repurchasing approximately 939,000 shares at an average price of $15.98 per share, totaling $15 million in value.…

Vietnam Launches 5-Year Digital Asset Pilot Program With Strict Rules

Key Notes Program restricts participation to Finance Ministry-licensed domestic institutions with minimum $378,500 capital requirement. Foreign investors face 49% shareholding cap while requiring backing from Vietnamese financial institutions for operations. All digital asset transactions must be conducted exclusively in Vietnam dong currency under state market management. Deputy Prime Minister Ho Duc Phuc signed into law a resolution kicking off the pilot implementation of a comprehensive digital asset market pilot program in Vietnam on Sept. 9. The new program is scheduled to run for five years and will place strict requirements…

MYX Finance Soars 240% in a Day—Is a Crash Coming?

Key Notes The rally is fueled by the upcoming V2 protocol upgrade, major token listings like WLFI, and record derivatives activity on MYX Finance platform. Analysts warn of extreme overbought conditions for MYX price, suggesting potential profit-taking. The Wyckoff Theory shows that the accumulation phase is over and the distribution phase will begin soon. MYX, the native cryptocurrency of MYX Finance, has surged by a whopping 1240% on the weekly chart, hitting a new all-time high of $17.94 earlier today. On September 9, its market cap surged to $3.35 billion,…

Dogecoin Welcomes Its First ETF – Enthusiasts Have Mined 37,690 Doge through GoldenMining

Press release 7 minutes ago This content is provided by a sponsor Asset management company REX Shares has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch the country’s first Dogecoin (DOGE) exchange-traded fund (ETF), with approval expected as early as next week. Elon Musk’s lawyer, Alex Spiro, serves as chairman of a newly listed company that plans to raise $200 million specifically for Dogecoin investment. Institutions, including 21Shares and Bitwise, are also vying to develop similar products, accelerating Dogecoin’s entry into mainstream financial markets. Once…

Solana Open Interest Hits $13B Record — $1K Potential Next?

Key Notes Solana perpetual open interest has now gone above the $7 billion mark. SOL price is currently pegged at $218.04 amid a shift in sentiments. The market is anticipating the potential approval of the spot SOL ETF in the US. Solana SOL $214.3 24h volatility: 0.4% Market cap: $116.25 B Vol. 24h: $9.54 B is exhibiting a strong price performance, including a surge in perpetual open interest that has now gone above $7 billion. The Solana price has extended beyond $200, suggesting that market participation is expanding. The focus…

Virtuals and MemeCore Surge: What’s Driving the Rally?

Key Notes MemeCore (M) surged 17% after Gate.io confirmed its spot listing on September 9. Virtuals Protocol (VIRTUAL) rallied 10.41% after confirming its systems are fully secure. Technicals show M consolidating near $2.05 with scope to retest $2.10 resistance. MemeCore (M) and Virtuals Protocol VIRTUAL $1.25 24h volatility: 1.0% Market cap: $820.20 M Vol. 24h: $330.26 M have both posted strong gains in the past 24 hours as the Fear and Greed Index remains neutral, suggesting uncertainty in the market. MemeCore surged 17% while VIRTUAL climbed 10.41%, with trading volumes…

Arthur Hayes Unveils Massive Ethena (ENA) Opportunity

Key Notes ENA surged to $0.87, its strongest level since January, following Binance’s listing of Ethena’s USDe. The fee switch activation could unlock $500 million in ENA buybacks, according to Hayes. Ethena revenues exceeded $480 million since launch, with $54 million generated in August alone. Arthur Hayes, the co-founder of BitMEX and a prominent investor in Ethena ENA $0.80 24h volatility: 3.8% Market cap: $5.51 B Vol. 24h: $1.56 B , has unveiled what he describes as a massive opportunity regarding the governance token ENA. The token surged to $0.87…

Gemini Targets Nasdaq IPO With $317 Million Raise

Key Notes For the IPO, Nasdaq is investing $50 million via private placement as part of a strategic partnership. The partnership will give Nasdaq clients access to Gemini’s custody and staking services. If successful, Gemini will become the third publicly traded crypto exchange, following Coinbase and Bullish. Popular crypto exchange Gemini, led by Tyler and Cameron Winklevoss, is moving forward with its plans for a public listing. Sources familiar with the matter stated that the exchange has brought on Nasdaq as a strategic investor. The exchange is targeting up to…

Ark Invest Swaps Robinhood for BitMine in Latest Portfolio Shift

Key Notes Following its routine portfolio rebalancing, Ark Invest has offloaded more than 40,000 Robinhood shares. It acquired $4.3 million worth of BitMine stock to rebalance its portfolio. BitMine is known for its strong association with Ethereum, holding as much as 2 million ETH in its portfolio. Cathie Wood-led Ark Invest has carried out its routine portfolio rebalancing, leading to the purchase of some BitMine Immersion Technologies (BMNR) stock. Shares of Robinhood Markets Inc. (NASDAQ: HOOD), which were recently added to the S&P 500 index, were offloaded by the asset…