SharpLink Boosts Crypto Portfolio with $73M Ethereum Purchase via Coinbase Prime

SharpLink Gaming (NASDAQ: SBET) has significantly expanded its Ethereum holdings with a $73 million purchase, executed through Coinbase Prime. This latest acquisition of 24,371 ETH marks the company's third major buy in just four days, bringing its total Ethereum treasury to 62,232 ETH, valued at approximately $186.4 million. The news has positively impacted SharpLink's stock, which surged 10.3% to $23.88 following the announcement. The company is rapidly establishing itself as a major player in the cryptocurrency space, with its aggressive accumulation of Ethereum signaling strong confidence in the digital asset's future. This strategic move highlights the growing trend of institutional adoption of cryptocurrencies, particularly through trusted platforms like Coinbase Prime.

SharpLink Expands ETH Holdings with $73M Purchase, Stock Surges 10%

SharpLink Gaming (NASDAQ: SBET) saw its shares climb 10.3% to $23.88 following its latest acquisition of $73 million worth of Ethereum. The purchase, executed via Coinbase Prime, adds 24,371 ETH to the company's rapidly growing crypto treasury. This marks the third major ETH buy in four days, bringing SharpLink's total accumulation to 62,232 ETH—valued at approximately $186.4 million.

The company has emerged as one of the most aggressive corporate buyers of Ethereum, amassing roughly 294,000 ETH since late May. Nearly a quarter of these holdings (74,464 ETH) are currently staked, reflecting a long-term commitment to the asset. The strategic pivot follows a $425 million private placement led by ethereum co-founder Joseph Lubin, now SharpLink's chairman.

Ether prices briefly topped $3,000 before settling at $2,972, down 2.38% on the day. Transactions originated from a Coinbase Prime hot wallet showing active movement of ETH and other tokens including shiba inu and Uniswap.

Risc Zero Launches 'Boundless' Incentivized Testnet on Base Network

Risc Zero's decentralized zero-knowledge compute marketplace, Boundless, has gone live with its incentivized testnet on Base, Coinbase's Ethereum layer-2 network. The platform, dubbed 'Mainnet Beta,' allows developers to build and test applications in a simulated live environment.

The project has already garnered support from major industry players including the Ethereum Foundation, Wormhole, and EigenLayer. Boundless operates as a decentralized marketplace connecting developers needing zero-knowledge proofs with a distributed network of independent ZK provers or miners.

Zero-knowledge technology enables transaction validation without revealing sensitive details, positioning it as a cornerstone for next-generation privacy-focused blockchain solutions. The network utilizes a Proof of Verifiable Work (PoVW) consensus mechanism, creating an open market where ZK miners with high-performance GPUs can earn rewards for cryptographic work.