Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Flora Growth has unveiled a $401 million treasury plan to back Zero Gravity, a decentralized AI blockchain platform. The funding comprises $35 million in cash and $366 million in digital assets, mainly 0G tokens. Under this treasury plan, the Nasdaq-listed firm will also hold SOL tokens and rebrand as ZeroStack while retaining its FLGC ticker. Under this treasury plan, the private placement is led by Solana treasury firm DeFi Development Corp., with Hexstone Capital, Jardine Matheson’s Southeast Asia unit and Carlsberg SE Asia among investors. Zero Gravity’s infrastructure supports training up to 1.07 trillion-parameter models with claimed 357× efficiency gains. Incoming CEO Daniel Reis-Faria said the initiative offers institutions transparent, privacy-first AI exposure. The deal, which boosted Flora Growth’s share price by 5%, is expected to close on September 26, pending shareholder approval.

Bitcoin perpetual futures long/short ratio, a key gauge of market sentiment, has shifted from near-equilibrium to a slight bearish tilt. Initially, BTC perpetual futures longs and shorts were split roughly 49.89% to 50.11% across top exchanges, with Binance and Gate.io showing a mild bullish bias. Over the past 24 hours, the ratio moved to 48.99% longs versus 51.01% shorts. On Binance, longs dropped to 48.03% against 51.97% shorts. Bybit recorded the most pronounced bearish skew at 47.34% longs and 52.66% shorts. Gate.io remains nearly balanced, with 49.84% longs and 50.16% shorts, reflecting diverse user risk appetites. Traders monitor the Bitcoin perpetual futures long/short ratio alongside funding rates, open interest and technical indicators. A heavy short bias can trigger a short squeeze on unexpected price rallies, while an extreme long bias may lead to a long squeeze if prices fall. Integrate sentiment data with solid risk management and chart signals to refine BTC futures trading strategies.

KuCoin has filed a federal court appeal against FINTRAC’s CAD19M enforcement notice. The crypto exchange disputes its designation as a Foreign MSB and argues the fine is excessive. FINTRAC had accused KuCoin of failing to report large transfers nearly 3,000 times from 2021 to 2024 and not flagging 33 suspicious transactions. CEO BC Wong stressed the company’s commitment to transparent operations, regulatory compliance, and user asset security. KuCoin says its services and compliance measures will remain unchanged while the case proceeds. This legal challenge marks another regulatory hurdle for KuCoin, highlighting cross-border enforcement risks in the crypto industry.

US miner CleanSpark has secured a $100 million Bitcoin-backed credit facility from institutional lender Two Prime, raising its total collateralized financing capacity to $400 million. The loan, backed by over 12,000 BTC from the company’s treasury, provides non-dilutive funding for data center expansion and high-performance computing projects. This follows a recent $100 million line with Coinbase Prime and underscores an industry-wide shift toward Bitcoin-backed financing among major miners. CFO Gary Vecchiarelli highlighted the facility’s favorable cost of capital and enhanced liquidity without selling core assets, while Two Prime CEO Alexander Blume noted growing institutional confidence in BTC collateral. CleanSpark now operates at 50 EH/s of hashrate with a Bitcoin treasury exceeding $1 billion. Despite the new facility, CLSK shares remain steady near $13.68 as trading volumes surge, reflecting increased market interest.

M2 Capital has invested $20 million in Ethena’s governance token ENA as the protocol’s TVL approaches $15 billion. The firm will integrate Ethena’s USDe and sUSDe synthetic dollar stablecoins into its regulated wealth services via M2 Global Wealth. Ethena’s delta-neutral hedging model has delivered up to 14% yields and generated over $666 million in fees over the past year, with Q3 2025 fees hitting $137.7 million. Institutional backers like YZi Labs and Sui Foundation have similarly boosted their stakes, supporting Ethena’s expansion on BNB Chain and other platforms. This strategic move underscores growing DeFi adoption and marks a key step in bringing synthetic dollar stablecoins to regulated markets.

Ethereum’s Fusaka upgrade, scheduled for December 3, 2025, introduces Peer Data Availability Sampling (PeerDAS) to enhance Ethereum scaling by enabling nodes to verify and reconstruct block data without downloading full blocks. PeerDAS uses probabilistic sampling and erasure coding, allowing nodes to securely rebuild a block when over half of its data chunks are available. This reduces network congestion while preserving security and decentralization. Fusaka also raises blob capacity from 6–9 to 14–21 per block, accommodating demand from Layer-2 rollups such as Base (BASE), Worldcoin (WLD), Arbitrum (ARB), Optimism (OP) and Scroll. These networks currently spend over $200,000 weekly on mainnet fees. Higher blob limits aim to drive Ethereum scaling on Layer 2, potentially cutting transaction fees below $0.10. Future phases will test cell-level messaging and distributed block building to further support long-term layer-2 growth. PeerDAS and Fusaka align with Ethereum’s roadmap to expand gas throughput to 150 million per block, paving the way for efficient, low-cost scaling across L1 and L2 layers.

BNB Chain validators have proposed cutting gas fees from 0.1 to 0.05 Gwei and shortening block times from 750 ms to 450 ms, potentially reducing median transaction costs to $0.005. This follows prior cuts—from 3 to 1 Gwei in April 2024 and from 1 to 0.1 Gwei in May—which drove a 140% surge in daily transactions and slashed median fees from $0.04 to $0.01. On-chain trading now accounts for 67% of activity (up from 20% year-to-date), and DEX Aster is generating over $12 million in daily revenue, with its ASTER token up 2,000% since launch. Lower fees are also attracting small-cap alts: Bitcoin Hyper (HYPER) raised $18 million, offering 65% staking yield via a Solana VM layer-2 on Bitcoin, while Best Wallet Token (BEST) secured $16 million and provides 82% APY in a non-custodial wallet ecosystem. Validators aim to keep staking APY above 0.5% and utilization below 30%, preserving headroom for growth. If approved, the proposal could reinforce BNB Chain’s position as a low-cost, high-throughput DeFi hub, boosting liquidity and altcoin demand, and creating fresh trading opportunities.

Australia’s Treasury has released draft crypto regulations requiring digital asset platforms (DAPs) and tokenised custody platforms (TCPs) to obtain an Australian Financial Services Licence (AFSL). Under the AFSL licence proposal, crypto exchanges must meet conduct standards, custody rules and enhanced disclosures. Firms face penalties of up to A$16.5 million or 10% of annual turnover for serious breaches. Low-value operators processing under A$10 million annually or holding less than A$5,000 per client are exempt. ASIC will oversee compliance. Public consultation runs until 24 October 2025. In parallel, regulators are developing a stablecoin licensing framework. APRA may oversee issuers under a new stored-value facilities regime, while ASIC has licensed AUDM and AUDF and Coinbase plans to add AUDD. Industry leaders welcome the clarity of the AFSL licence and stablecoin framework, citing improved consumer protection, market stability and reduced regulatory uncertainty.

Griffin AI’s GAIN token plunged 90% within 24 hours of its Binance Alpha launch after a hacker exploited a fake LayerZero peer contract to mint 5 billion unauthorized GAIN tokens. By bypassing the official Ethereum endpoint and supply cap on BNB Chain, the attacker created non-existent liquidity on PancakeSwap. Low liquidity triggered rapid sell-offs of 147.5 million GAIN via PancakeSwap and OTC trades, driving the price from $0.25 to $0.0273 and wiping out $36 million in market capitalisation. Analysts estimate the exploiter bridged $3–4 million in proceeds through deBridge to Solana (SOL), Ethereum (ETH), Base and Arbitrum (ARB). Although user wallets were unaffected, the incident raised questions over contract security, multisig permissions and potential insider involvement. Griffin AI has requested trading freezes, halting deposits and withdrawals on centralised exchanges and pausing its airdrop campaign. The team is now working with exchanges and security partners to contain the cross-chain DeFi exploit and recover value.

The Solana treasury, backed by a $100 million convertible financing facility, has been launched by Fitell Corporation, marking Australia’s first corporate treasury dedicated to SOL. Fitell immediately allocated $10 million for SOL purchases and will custodian holdings with BitGo. The Solana treasury will deploy assets across DeFi strategies — options, liquidity provisioning, structured yield products and snowball instruments — with returns reinvested to compound growth. Advisors David Swaney and Cailen Sullivan will oversee risk-managed strategies as Fitell plans to rebrand as Solana Australia Corporation and pursue a dual ASX listing to become the region’s largest public SOL holder. While SOL’s price is up 47% year-on-year, Fitell’s Nasdaq shares fell 17.5% as investors weigh crypto volatility and DeFi returns roadmap. Traders should watch for demand-driven price support and deeper market liquidity as institutional adoption of Solana and DeFi yield strategies expands.

UK and US officials have launched the Transatlantic Task Force for Markets of the Future to align crypto regulation across their jurisdictions. Co-led by both nations’ treasuries, the task force will review digital asset frameworks, stablecoin rules, AML standards, consumer protections and tokenized securities in wholesale markets. Within 180 days, it will deliver recommendations on stablecoin frameworks, AML guidelines for crypto firms, cross-border listings, capital-raising via blockchain financing solutions and pilot digital securities sandboxes. Harmonized crypto regulation aims to reduce compliance costs, boost cross-border investment and enhance market efficiency. Industry leaders, including advisors from Coinbase and the UK Cryptoasset Business Council, welcome the initiative as a step towards global digital finance leadership. Proposed measures will require parliamentary or congressional approval before implementation.

Since lifting its crypto ban in June 2024, Bolivia has faced severe dollar shortages, prompting major manufacturers such as Toyota, Yamaha and BYD to accept Tether’s USDT stablecoin. On September 20, a local Toyota dealership completed the country’s first USDT-backed vehicle purchase, verified by crypto custodian BitGo. Dealers partnered with BitGo to ensure secure self-custody and large transfers. Bolivia’s Central Bank reported $294 million in crypto payments in H1 2025, a 630% year-on-year increase. Local USDT liquidity has surged from roughly $20,000 daily in early 2024 to nearly $1 million this year. Market data from DefiLlama shows USDT’s market cap at $172.3 billion, representing 58.8% of the stablecoin sector. Bolivian legislator Mariela Baldivieso noted that Bolivia now ranks among Latin America’s top five crypto adopters, with regional adoption at 63% in 2025 according to Chainalysis. Tether also unveiled the USA₮ token under the GENIUS Act to meet US regulatory standards. A MEXC survey found global crypto adoption jumping from 29% to 46% quarter-on-quarter, driven by economic pressures in East Asia and the Middle East. For crypto traders, the real-world use of USDT underscores growing stablecoin demand and higher transaction volumes in a volatile currency environment. While USDT’s price remains pegged, increased adoption may boost trading activity and market confidence.

UAE has signed the OECD’s multilateral competent authority agreement to adopt the Crypto-Asset Reporting Framework (CARF), reinforcing crypto tax reporting and aligning its digital asset regulations with global standards. Implementation begins in 2027, with the first automated exchanges of cross-border crypto tax data scheduled for 2028. To ensure smooth rollout, the Ministry of Finance opened a public consultation from September 15 to November 8, inviting feedback from exchanges, custodians, traders and advisory firms. Adoption of CARF commits the UAE alongside more than 50 jurisdictions, including New Zealand, Australia and the Netherlands, to automatic crypto-asset data sharing. While the framework imposes new reporting obligations and compliance costs, the enhanced crypto tax reporting regime aims to curb tax evasion, deter illicit activity and strengthen investor confidence. Observers expect improved tax transparency will support long-term market growth and bring the UAE in line with other centers like Switzerland and South Korea advancing similar crypto tax measures.

Coinbase has extended a $100 million Bitcoin-backed credit line to Bitcoin miner CleanSpark. The Bitcoin-backed credit line is secured by Bitcoin collateral and allows borrowing up to 5,000 BTC at 75% loan-to-value, with a 4% annual interest rate and a 2% facility fee. CleanSpark will use the Bitcoin loan facility to expand energy assets, increase mining capacity and invest in high-performance computing operations without selling BTC or issuing new shares. This non-dilutive financing strengthens the company’s balance sheet and supports operations amid market headwinds. The deal highlights Coinbase Prime’s growing institutional lending arm and robust demand for crypto-secured financing. It may improve Bitcoin liquidity and deepen capital ties between exchanges and miners.

AgriFORCE Growing Systems (NASDAQ: AGRI) has rebranded as AVAX One and launched a $550 million capital raise to acquire AVAX tokens and build a $700 million crypto treasury. The fundraising comprises a $300 million PIPE and $250 million equity-linked offering led by Hivemind Capital, with participation from Galaxy Digital, Kraken, Digital Currency Group, ParaFi, HashKey and over 50 institutional investors. AVAX One aims to boost per-share value, deepen Avalanche integration and accumulate AVAX tokens. The company retains its TerraHash Digital energy arm. Strategic support comes from Anthony Scaramucci on the advisory board and Matt Zhang as board chair. Following the announcement, AGRI shares jumped 132%, while AVAX token prices slipped 3% over 24 hours.

Arthur Hayes, co-founder of BitMEX, sold 96,628 HYPE tokens on September 21. The on-chain sale converted into about $5 million, delivering a 19% profit. Traders saw the sale as whale profit-taking. HYPE token price slipped 7.6–12% in the hours after. Hayes said he used part of the proceeds to pay a deposit on a new Ferrari 849 Testarossa. Market analysts warn of supply overhang as 238 million HYPE tokens vest starting November 29. The monthly unlocks could add $410 million in tokens that buyback programs may not fully absorb. A separate large holder, Techno Revenant, also moved 2.39 million HYPE tokens, stoking further selling fears. In the short term, the HYPE token faces volatility from whale exits and token unlocks. However, Hayes remains confident. He projects a 126x price target by 2028, citing fee growth on the Hyperliquid derivatives exchange to drive long-term gains.

Over the past 24 hours, crypto liquidations reached $1.68B, including $1.04B in just one hour, amid sharp drops in BTC and ETH prices. Data from CoinGlass shows $1.598B of long positions were forced closed, with ETH traders losing over $500M. More than 389,000 traders faced liquidations as BTC dipped below $113,000 and ETH fell under $4,200. High leverage and cascading margin calls fueled selling pressure. This crypto liquidation wave highlights the risks of leveraged trading and market volatility. Traders should track crypto liquidations on platforms like CoinGlass to gauge sentiment and adjust risk. They should manage leverage, set stop-loss orders, and diversify portfolios. It is also crucial to monitor funding rates, open interest, US PMI data, Fed policy signals, and technical levels. These measures can help anticipate market shifts and identify potential buying opportunities during price corrections.

Ethereum co-founder Vitalik Buterin has proposed a stablecoin DeFi revenue model to fund the network’s development. In a September 20 blog post, Buterin highlighted a revenue divide between speculative applications—like trading platforms, meme coins and NFTs—and value-driven projects that struggle financially. He suggested using low-risk stablecoin lending protocols, such as Aave, to earn predictable 5% yields on USDC and USDT. This approach mirrors Google’s steady ad revenue while respecting open-source values and decentralization. With Ethereum’s total DeFi TVL recently topping $100 billion, driven in part by clearer regulations like the Digital Asset Market Clarification Act, stablecoin DeFi could deliver reliable fees. Buterin also proposed launching basket-backed crypto assets and CPI-pegged stablecoins to diversify Ethereum’s revenue streams. By aligning these innovations with ethical principles, Ethereum aims to secure sustainable funding, balance growth between profitable and cultural projects, and enhance long-term market stability.

The REX-Osprey ETH + Staking ETF (ticker ESK) launched on September 25, 2025 on the Cboe BZX Exchange as the first U.S. Ethereum staking ETF. Structured under the Investment Company Act of 1940 as a C corporation, ESK combines spot ETH exposure with monthly staking rewards by directly staking purchased Ethereum and distributing income evenly to shareholders. It opened with $625,000 in assets under management and 25,000 shares outstanding. Joining existing Solana (SOL), Dogecoin (DOGE) and XRP (XRP) ETFs on Cboe, this Ethereum staking ETF removes technical barriers and lock-up risks, offering a passive income stream for institutional and retail investors. Launched with ETH trading below $4,000, ESK’s transparent pricing and regulated ETF wrapper could drive new inflows into Ether, boosting demand and staking adoption in the U.S. Other issuers are awaiting SEC approval to add staking features to spot crypto ETFs, marking a milestone that may enhance market stability and trader confidence.

BlackRock has filed with the SEC to launch the iShares Bitcoin Premium Income ETF, a new crypto yield product using a covered-call strategy on Bitcoin futures. The fund will sell Bitcoin call options to distribute option premiums, offering regular distributions to yield-seeking institutional and retail investors while capping potential upside in Bitcoin price. This follows the success of BlackRock’s iShares Bitcoin Trust (IBIT), which holds over $87 billion in assets and controls roughly 60% of the U.S. spot Bitcoin ETF market. IBIT generated $218 million in annual revenue from Bitcoin products and $42 million from Ethereum funds, and BlackRock now holds over 706,000 BTC (valued at $71 billion) and 3.8 million ETH. Analysts including Bloomberg’s Eric Balchunas highlight BlackRock’s deepening focus on BTC and ETH, while Onchain Foundation’s Leon Waidman points to the firm’s crypto business as a significant profit center. The new Bitcoin Premium Income ETF could bridge Wall Street capital into crypto markets, strengthening demand for Bitcoin and setting the stage for future covered-call strategies and altcoin ETFs. SEC’s recent openness to new crypto products and a generic listing standard may expedite approval.

Bitwise Asset Management has filed an S-1 with the US SEC to launch a Hyperliquid HYPE ETF, directly holding HYPE tokens under Coinbase Custody Trust Company with both cash and in-kind creations and redemptions. The spot ETF will not use leverage or derivatives, though listing exchange, ticker and fee structure await SEC review. New SEC guidance may speed approval but standard review applies since Hyperliquid lacks CFTC-registered futures, and Bitwise must file Form 19b-4. Hyperliquid is a Layer-1 for decentralized futures, with HYPE powering fees, incentives and governance. The project faces competition from Aster and heavy supply pressure from 237.8 million HYPE unlocking from November (~$500 million/month), while buybacks cover only 17%. Former BitMEX CEO Arthur Hayes sold his HYPE before the unlock. SEC delays on altcoin ETFs (Pengu, AVAX, SEI) highlight regulatory headwinds. HYPE has slid about 1.5% on the day and is down 24% weekly, trading near $42—well below its mid-September peak of $58 as markets digest US GDP revisions. The SEC’s feedback on the Hyperliquid HYPE ETF filing and other altcoin ETF decisions will be key drivers for short-term price action and long-term adoption.

Cloudflare’s USD-backed NET Dollar stablecoin delivers real-time settlement and programmable payments for autonomous AI agents. Fully collateralized 1:1 with USD, Cloudflare NET Dollar supports global interoperability and high-frequency microtransactions on its global edge network. The token’s programmable payments automate tasks like ticket booking, cross-border transfers, and content monetization, enabling AI firms to pay creators instantly. CEO Matthew Prince says NET Dollar will shift web business models from ad-driven to usage-based microtransactions. The launch aligns with Google’s open-source AI payments initiative supported by Coinbase, highlighting growing demand for programmable stablecoins in the AI economy.

Mutuum Finance presale has rapidly raised $16.3 million across six phases, attracting over 16,550 investors and selling 730 million MUTM tokens. Starting at $0.01, the token climbed to $0.035, delivering 250% gains for early backers and targeting a 500% surge at the $0.06 launch price. The Mutuum Finance presale structure rewards early adopters with incremental price tiers and bonus distributions. The protocol features a dual lending model with Peer-to-Contract pooled markets and isolated Peer-to-Peer markets. Depositors receive mtTokens at a 1:1 ratio and borrowers choose between stable and variable rates. Protocol fees will fund a buy-and-distribute mechanism to support MUTM demand post-launch. A beta platform is set to launch alongside the token for immediate DeFi lending and borrowing access. Roadmap highlights include Layer-2 integration, multi-chain deployment and Chainlink oracle feeds to boost scalability, reduce costs and ensure price accuracy. Security is backed by a CertiK audit score of 90/100 and a $50,000 bug bounty. Upcoming initiatives, such as an over-collateralized stablecoin and community rewards, aim to drive long-term engagement.

South Korean actress Hwang Jung-eum has received a two-year prison sentence, suspended for four years, for embezzling KRW 4.34 billion ($3.1 million) from her agency to fund high-risk cryptocurrency investments. She admitted full responsibility, sold personal assets and repaid the entire amount in three installments by June. The Jeju District Court cited her remorse and restitution when granting probation, rejecting prosecutors’ request for a three-year jail term. The high-profile crypto embezzlement case highlights legal and regulatory risks in South Korea’s booming crypto market. According to the Korea Asia Financial Research Institute, 27% of South Koreans aged 20–50 hold digital assets, which account for 14% of their portfolios. Economic pressures and a persistent “kimchi premium”—where local crypto prices exceed global rates—continue to drive speculative investment. Traders should note the potential for increased scrutiny and market volatility following this scandal.

BitMEX Tokyo migration reduces latency for Asia-Pacific traders and strengthens market liquidity across perpetual contracts. On August 23, BitMEX completed a seamless data infrastructure switch from AWS Dublin to the AWS Tokyo data center in just 10 minutes, restoring full service within an hour. Average liquidity depth for nine perpetual contracts rose by over 185%, with ETHUSDT up 402%, and new tokens like PEPEUSDT and SOLUSDT surging over 10,000%. Order book and end-to-end latencies also dropped significantly. CEO Stephan Lutz called the BitMEX Tokyo migration a strategic leap toward an institution-grade trading experience. The upgrade is set to attract more market makers and improve execution speeds for BitMEX clients in the Asia-Pacific region. This migration positions BitMEX for further performance optimizations and deeper market access. Traders can expect faster execution, tighter spreads, and higher liquidity on XBTUSDT, ETHUSDT, and other major perpetual contracts.

US spot Bitcoin ETFs suffered a $253.4 million net outflow on Thursday, pushing weekly redemptions to $480 million as Bitcoin (BTC) slid below $109,000, a four-week low. Major funds including Fidelity’s FBTC, Bitwise’s BITB, ARK 21Shares ARKB, Franklin, VanEck and Grayscale’s GBTC saw significant withdrawals. In contrast, BlackRock’s IBIT attracted $78 million, marking its third consecutive week of inflows. Parallel to this trend, spot Ethereum ETFs recorded $251 million in outflows Thursday, taking weekly losses to $547 million amid a double-digit ETH price correction. The US Securities and Exchange Commission (SEC) met with VanEck to discuss ETF tokenization and issuer roles, a step that could benefit Ethereum-based products. This week also saw the launch of REX-Osprey’s Ether Staking ETF, Bitwise’s filing for a Hyperliquid (HYPE) ETF, approval of Hashdex’s Nasdaq Crypto Index US ETF and BlackRock’s registration of the iShares Bitcoin Premium ETF, a covered-call strategy designed to generate yield on BTC. Traders should monitor weekly ETF flow trends, macroeconomic indicators and individual fund dynamics for market sentiment clues. Large daily outflows may signal near-term selling pressure, but sustained demand for products like IBIT suggests continued institutional appetite for regulated Bitcoin exposure.

Ethereum co-founder Jeffrey Wilcke transferred 1,500 ETH (about $6 million) to Kraken as ETH dipped from $4,000 to $3,900. While exchange deposits can signal quick sell-offs, on-chain analytics show his August $9.22 million and earlier $262 million ETH transfers did not lead to immediate sales. His recent repost on X fuels further sell speculation. Meanwhile, at least 15 whale wallets have accumulated over 406,000 ETH (roughly $1.6 billion) in the past two days, even as major exchanges like Kraken, Galaxy Digital, BitGo and FalconX offloaded tokens. Traders should monitor on-chain whale flows and exchange reserves: large-scale ETH accumulation often underpins price support and may signal a bullish turn for market sentiment.

U.S. Spot ETH ETFs logged net outflows for four straight days. On Sept. 24, funds shed $79.4 million. The following day they pulled another $251.2 million. Fidelity’s FETH and BlackRock’s ETHA led redemptions. Investors cite market volatility, profit-taking, regulatory uncertainty and asset rotation as key drivers. Prolonged ETF outflows could force providers to sell underlying ETH, adding downward pressure on price. Looking ahead, clearer U.S. regulations and Ethereum network upgrades could reverse outflows, supporting long-term institutional integration. Traders should track Spot ETH ETF flows, U.S. regulatory updates and on-chain metrics for signs of renewed demand.

SharpLink Gaming Inc (Nasdaq: SBET) has partnered with Superstate to execute equity tokenization of SBET shares on Ethereum using the Opening Bell platform. The move marks the first direct on-chain issuance of a public company’s registered equity via a compliant digital transfer agent. By issuing tokenized shares directly on-chain, SharpLink aims to modernize capital markets and align with the SEC’s Project Crypto framework. The initiative seeks to unlock deeper liquidity, global investor access and real-time settlement. SharpLink, chaired by Ethereum co-founder Joseph Lubin, holds over 838,000 ETH in its treasury and has generated 3,815 ETH through staking, underscoring its on-chain commitment. The company plans to explore AMM-based secondary trading of tokenized shares on DeFi protocols, though details on timeline, SEC approval, share migration and fee structure remain pending. SBET stock fell 7.6% to $16.26 following the announcement, highlighting the project’s experimental nature. If successful, this equity tokenization could pave the way for broader tokenized share offerings and reshape capital market efficiency on-chain.