Tag: 1.5B

$1.5B ETH Whale Sparks Potential Rally

Key Notes Today’s Ethereum price rally comes with daily volumes surging 125% to over $20.5 billion, suggesting strong bullish sentiment. The ETH/BTC pair shows a rare bullish monthly MACD crossover, hinting at a major altcoin market rally. Whale activity has intensified, with a major investor who previously accumulated nearly $1.5 billion worth of ETH returning to buy dips. Amid the broader crypto market consolidation, Ethereum ETH $3 095 24h volatility: 0.5% Market cap: $375.52 B Vol. 24h: $22.68 B is showing strength with a 1.35% gain today, trading around $3,153.…

Tether Expands Commodity Lending With $1.5B in Trade Credit

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Stablecoin issuer Tether is expanding its presence in commodity lending, with billions of dollars already deployed in the sector, according to CEO Paolo Ardoino.  In an interview with Bloomberg, Ardoino said Tether has extended about $1.5 billion in credit to commodities traders so far, providing financing in both cash and its USDt (USDT) stablecoin. The company is targeting traditional commodity trades, including agricultural products and oil, and plans to increase its exposure. “We are going to expand dramatically,” Ardoino said. The lending activity falls within Tether’s recently launched Trade Finance…

A New Hyperliquid Rival Raises Fund at $1.5B Valuation Amid $279B Volume

Crypto derivatives startup Lighter has closed a $68 million funding round at a $1.5 billion valuation ahead of its token-generation event, backed by high-profile investors including Founders Fund, Ribbit Capital, Haun Ventures and Robinhood Markets, according to a Fortune report. Founded by Vladimir Novakovski, Lighter is a zk-rollup perpetual-futures exchange built on Ethereum, offering zero fees for retail users and advanced on-chain proofs for order matching and liquidations. DefiLlama data shows that Lighter has posted a 30-day perpetual trading volume of $279.5 billion, with a 24-hour volume of $10.7 billion…

BitMine Buys $1.5B In Ether As Tom Lee Remains Bullish On ETH

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Fundstrat’s Tom Lee has echoed the sentiment that digital asset treasury hype may be coming to an end, but remains bullish on Ether, having purchased $1.5 billion worth since the market crash. BitMine Immersion Technologies has scooped up a total of 379,271 Ether (ETH) worth almost $1.5 billion since the record crypto market liquidation event last weekend. The acquisitions came in three separate purchases: 202,037 ETH after the weekend crash, 104,336 ETH on Thursday, and 72,898 ETH on Saturday, according to onchain data from Arkham Intelligence and ‘BMNR Bullz’, which…

Galaxy Digital Solana Buys Top $1.5B With $385M Weekend Haul

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Digital assets investment firm Galaxy Digital has bought $306 million worth of Solana in a single day after teaming up with investment firm Multicoin Capital and trading firm Jump Crypto to create a so-called crypto treasury company. Galaxy scooped up 1.2 million Solana (SOL) on Sunday from multiple exchanges and sent them to the crypto custody firm Fireblocks, according to blockchain data reported by Lookonchain. It extends a Solana buying spree from Galaxy since Wednesday, which has seen it buy up over $1.5 billion worth of the token. On Thursday,…

ETH Treasury Firm Sharplink Starts $1.5B Share Buyback Plan

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Sharplink, the second-largest Ether treasury company, has started a $1.5 billion share buyback plan in an effort to boost its stock, which is trading below its net asset value. SharpLink said on Tuesday that while the company “trades below its Net Asset Value (“NAV”), stock repurchases are immediately accretive to stockholders.”  “We believe the market currently undervalues our business,” said SharpLink co-CEO Joseph Chalom. “Rather than issue equity while trading below NAV, we are focused on disciplined capital allocation – including share repurchases – to increase stockholder value It comes…

Lombard Finance launches yield-bearing Bitcoin token LBTC on Solana with $1.5b backing

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A new decentralized Bitcoin derivative by Lombard Finance is set to offer 1% APY while maintaining full BTC backing across bridge to Solana. Summary Lombard Finance will offer the yield bearing asset alongside Base, Sui and Ethereum offerings. Yield bearing on Solana in Bitcoin is the latest offering to bring the protocol’s $1.5 billion in capital to the layer 1. On Aug. 28, Lombard Finance officially launched LBTC, its yield-bearing Bitcoin token, on Solana (SOL), bringing the protocol’s $1.5 billion in circulating capital to a Bitcoin fusion with rival layer-1…

ETH Treasury Firm Sharplink Announces $1.5B Stock Repurchase Authorization; Stock Surges 15%

Sharplink Gaming Inc. announced a stock repurchase program authorizing the buyback of up to $1.5 billion of its common stock. Sharplink Commits to $1.5 Billion Return of Capital via Buybacks The Sharplink Gaming Inc. (Nasdaq: SBET) news propelled the company’s shares 15% higher during Friday’s trading session. The significant market reaction highlights investor approval of […] Source CryptoX Portal

SBET Shares Jump 5% After SharpLink $1.5B Buyback

Key Notes The latest move from SharpLink aims at supporting the market and reinforcing long-term shareholder value. Following the buyback announcement, SBET shares jumped 5% in pre-market trading, recovering from a 30% correction. The buyback complements SharpLink’s recent $668 million Ethereum purchases, reflecting the firm’s disciplined capital strategy. Nasdaq-listed SharpLink Gaming (NASDAQ: SBET), an Ethereum ETH $4 650 24h volatility: 9.1% Market cap: $561.06 B Vol. 24h: $42.17 B Treasury firm, has authorized a massive $1.5 billion stock buyback program, sending the SBET share price soaring by 5% in Friday’s…

SharpLink to Concentrate ETH with $1.5B Stock Buyback

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SharpLing Gaming, one of the largest Ether corporate treasuries, has authorized a $1.5 billion stock buyback program. In a Friday announcement, SharpLink Gaming said it authorized the repurchase of $1.5 billion worth of shares as part of its “disciplined capital markets strategy.” No repurchases have been made so far. The firm’s co-CEO Joseph Chalom said the firm will consider buybacks when its stock trades at or below the net asset value of its Ether (ETH) holdings. “This program provides us with the flexibility to act quickly and decisively if those…