Ethereum Institutional Confidence Soars as SharpLink Gaming Expands Holdings

SharpLink Gaming has significantly increased its Ethereum holdings with a $30.7 million purchase, acquiring 12,207 ETH at an average price of $2,513 per token between June 16-20, 2025. This strategic move underscores the company's strong belief in Ethereum's long-term value and growth potential. With this latest acquisition, SharpLink now holds a staggering 188,478 ETH, cementing its position as the second-largest corporate holder of Ethereum globally. This development highlights the growing institutional confidence in Ethereum as a cornerstone of the digital asset ecosystem. The purchase comes at a time when Ethereum continues to demonstrate resilience and innovation, further solidifying its role as a leading blockchain platform. SharpLink's aggressive accumulation of ETH reflects a broader trend of corporations diversifying their treasuries with cryptocurrency assets, particularly Ethereum, which is increasingly seen as a store of value and a platform for decentralized applications. This move is likely to inspire other institutions to consider similar strategies, potentially driving further adoption and price appreciation for Ethereum in the coming years.

SharpLink Gaming Expands Ethereum Holdings with $30M Purchase

SharpLink Gaming has bolstered its corporate treasury with an additional 12,207 ETH, acquired for $30.7 million between June 16-20. The purchase price averaged $2,513 per token, reflecting continued institutional confidence in Ethereum's long-term value proposition.

With this latest acquisition, the Minnesota-based firm now holds 188,478 ETH—solidifying its position as the second-largest corporate holder of ethereum globally, trailing only the Ethereum Foundation's 213,072 ETH reserve. The company has staked its entire holdings, generating 120 ETH ($293,811) in rewards since June 2.

Funding for the purchase came from a $27.7 million capital raise through the sale of 2.5 million shares. Markets responded positively to the news, with SBET shares climbing 7% to close at $9.66 on Tuesday.

Bernstein Bullish on Coinbase: Sees 50% Rally Potential as 'Most Misunderstood' Stock

Coinbase Global Inc. is poised for a major breakout, according to Bernstein analyst Gautam Chhugani, who calls the exchange "the most misunderstood company" in crypto. The firm raised its price target to $510 from $310, implying 48% upside from current levels.

"Coinbase dominates US crypto trading, runs the largest stablecoin business among exchanges, and leads institutional crypto services," Chhugani noted. The platform's strategic acquisitions—including a top crypto options exchange—and its Ethereum scaling solution position it as infrastructure leader.

Despite bearish consensus, Coinbase continues defying expectations. Its S&P 500 status and regulatory compliance create moats against traditional finance competitors eyeing crypto. The tokenization network built on its Ethereum layer-2 chain emerges as a hidden growth engine.

Reddio Launches Mainnet Alpha with GPU-Accelerated Parallel EVM for AI-Native dApps

Reddio has unveiled its Mainnet Alpha, marking the debut of the first GPU-accelerated Parallel EVM architecture designed for AI-native decentralized applications. The platform aims to redefine Ethereum's capabilities by combining parallelism with GPU-level compute, targeting compute-intensive and real-time on-chain applications.

The network's native token, $RDO, is now live following a successful Token Generation Event. It serves as the backbone for Core network functions, including transaction fees, sequencer rewards, and developer incentives. Reddio's testnet processed over 131 million transactions and supported 19 million wallet addresses, signaling robust infrastructure ahead of Mainnet Alpha's real-world deployment.

"We're redefining what an EVM can do," said Neil Han, CEO at Reddio. The architecture achieves breakthrough throughput of over 13,000 TPS while maintaining Ethereum's security model, positioning itself as a solution to the blockchain trilemma.

Vitalik Buterin and Ethereum Foundation Back Tornado Cash Co-Founder in Legal Battle

Ethereum co-founder Vitalik Buterin has publicly endorsed Roman Storm, co-founder of privacy protocol Tornado Cash, as the Ethereum Foundation commits to matching community donations for his legal defense. The move signals a firm stance on protecting open-source development and financial privacy in the crypto ecosystem.

Storm faces U.S. charges of money laundering and sanctions violations related to Tornado Cash, which was sanctioned in 2022 for allegedly facilitating North Korean money laundering through the Axie Infinity hack. With 19 days remaining in the fundraising window, the Ethereum Foundation's matching campaign could significantly bolster Storm's legal resources.