SharpLink Gaming Doubles Down on Ethereum with $30.6M Purchase, Becoming Largest Public Holder

In a bold move underscoring its confidence in Ethereum's long-term value, SharpLink Gaming has expanded its crypto treasury with a $30.6 million ETH purchase. The Nasdaq-listed company acquired 12,207 ETH at an average price of $2,513 per token, following its massive $463 million acquisition earlier this month. With total holdings now reaching 188,478 ETH, SharpLink solidifies its position as the world's largest publicly traded ethereum holder. This strategic accumulation demonstrates institutional conviction in ETH's potential as both a store of value and foundational Web3 asset.

SharpLink Gaming Expands Ethereum Treasury with $30.6M Purchase

SharpLink Gaming, a Nasdaq-listed company, has deepened its commitment to Ethereum by acquiring an additional 12,207 ETH for approximately $30.67 million. The purchase, executed at an average price of $2,513 per token, follows a larger $463 million acquisition of 176,270.69 ETH earlier this month.

With total holdings now at 188,478 ETH, SharpLink cements its position as the largest publicly traded Ethereum holder globally. Chairman Joseph Lubin framed the MOVE as part of a long-term value creation strategy, citing confidence in Ethereum's utility and transformative potential.

The firm raised $27.7 million through common stock sales, with proceeds earmarked for further ETH accumulation. This aggressive accumulation mirrors broader institutional interest, as major players continue building Ethereum positions despite market volatility.

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

Reddio has unveiled its Mainnet Alpha, marking the debut of the world's first GPU-Accelerated Parallel EVM architecture. Designed for compute-intensive and AI-native applications, the platform aims to redefine speed and programmability within Ethereum's ecosystem.

The launch follows a successful Token Generation Event (TGE), with the Reddio token ($RDO) now operational on Mainnet Alpha. The token facilitates Core network functions, including transaction fees, sequencer rewards, and developer incentives, establishing a decentralized economy from the outset.

Backed by a robust testnet that processed over 131 million transactions and supported 19 million wallet addresses, Mainnet Alpha is poised for real-world adoption. CEO Neil Han emphasized the platform's commitment to scaling execution through parallelism while maintaining Ethereum's security model.

Reddio's GPU-ready architecture addresses the blockchain trilemma, achieving throughput exceeding 13,000 TPS. The project has already onboarded 50+ ecosystem partners, signaling strong industry interest.

Cork Protocol Exploiter Launders $11M via Tornado Cash, Donates to Developers' Legal Fund

The attacker behind the $12 million Cork Protocol exploit in May has resurfaced, laundering 4,520 ETH (~$11M) through Tornado Cash. Blockchain security firm PeckShield Alert flagged the transactions on June 25, marking the first movement of stolen funds since the initial breach.

In an unexpected twist, the exploiter donated 10 ETH to a Juicebox campaign supporting Tornado Cash developers Alexey Pertsev and Roman Storm. The developers face legal charges related to the mixing service, which authorities allege facilitates money laundering. The donation's intent remains unclear, but it underscores the complex ethics of decentralized finance.

The laundering operation highlights persistent security vulnerabilities in DeFi protocols. Cork Protocol joins a growing list of platforms drained by sophisticated attacks, with stolen funds frequently routed through privacy tools like Tornado Cash despite increased regulatory scrutiny.

Ethereum (ETH) Price Headed For $2.2K? Whale’s Short Position Raises Flags

A prominent Ethereum whale has escalated its short position to 50,000 ETH, valued at approximately $122 million, signaling potential bearish momentum. The wallet, identified as 0xcB92, has a history of精准的市场 timing, having secured over $20 million in realized profits from similar maneuvers in recent weeks. Despite unrealized gains peaking at $26 million, the whale remains committed to the short, with current unrealized profits standing at $15.4 million.

Derivatives markets echo this bearish sentiment, with futures data aligning closely with the whale's positioning. Analysts interpret this as a harbinger of a broader downturn, particularly given the wallet's track record of anticipating market shifts. The move has drawn sharp scrutiny from traders and on-chain analysts, who view such high-conviction bets as precursors to significant price movements.

Ethereum Faces Critical Resistance Test at $2,600

Ethereum's price action has reached a decisive juncture as it confronts a formidable resistance zone near $2,600. The second-largest cryptocurrency by market capitalization recently rebounded from local lows around $2,111, but the rally appears driven more by short covering than organic demand.

The $2,600 level represents a technical battleground with multiple confluence factors. This price point aggregates the Point of Control, volume-weighted average price, and a key Fibonacci retracement level. Market structure remains vulnerable after ETH's failure to maintain its higher high/higher low sequence on daily charts.

For bullish momentum to reassert itself, Ethereum must achieve a decisive daily close above this resistance cluster. Failure to do so could see the digital asset retest recent lows, while success may open the path toward reclaiming its 2024 highs.

Vitalik Buterin Supports Roman Storm as Ethereum Foundation Enters Legal Fight

Ethereum co-founder Vitalik Buterin has publicly endorsed Tornado Cash co-founder Roman Storm, with the Ethereum Foundation now actively participating in his legal defense. Buterin confirmed via X that the Foundation is matching community donations to assist with Storm's legal fees, signaling a robust defense of privacy and innovation in the crypto space.

The Ethereum Foundation's involvement highlights the high stakes of Storm's case, which includes charges of money laundering and sanctions violations related to Tornado Cash. The privacy protocol was sanctioned by the U.S. government in 2022 for allegedly aiding North Korea in laundering funds stolen during the Axie Infinity hack. This case has become a pivotal moment for the crypto community, viewed as a direct challenge to open-source development and financial privacy.

Time is running out for supporters to contribute, with just 19 days remaining for donations to Storm's legal fund. The Ethereum ecosystem's rallying behind Storm underscores its commitment to protecting developers and preserving the principles of decentralization.