SharpLink Gaming Surpasses Ethereum Foundation as Largest Corporate Holder of ETH

In a bold move that underscores growing institutional confidence in Ethereum, SharpLink Gaming has become the largest corporate holder of ETH, surpassing even the ethereum Foundation. The Minneapolis-based company has aggressively expanded its Ethereum holdings, purchasing an additional 20,279 ETH worth $68.38 million on July 17, 2025. This follows a series of acquisitions totaling 111,609 ETH over just eight days, valued at $343.38 million. The company's buying spree began just over a month ago, with 99.7% of its holdings now in Ethereum. This strategic accumulation highlights SharpLink's bullish outlook on ETH's long-term value proposition and its potential to reshape digital asset markets. The move also signals a broader trend of corporations diversifying into crypto assets as store-of-value investments. With Ethereum's upcoming protocol upgrades and growing DeFi ecosystem, SharpLink's position could yield significant upside as institutional adoption accelerates.

SharpLink Gaming Becomes Largest Corporate Holder of Ethereum, Surpassing Ethereum Foundation

SharpLink Gaming has aggressively expanded its Ethereum holdings, purchasing an additional 20,279 ETH worth $68.38 million on Thursday. This follows a series of acquisitions totaling 111,609 ETH over eight days, valued at $343.38 million. The Minneapolis-based firm now holds more ETH than the Ethereum Foundation itself.

The company's buying spree began just over a month ago, with 99.7% of its holdings allocated to staking protocols. Thursday's purchases included two separate transactions: 9,425 ETH ($31.88 million) followed by 10,854 ETH ($36.5 million) three hours later. This institutional accumulation signals growing corporate confidence in Ethereum as a long-term strategic asset.

SharpLink's position as the largest corporate ETH holder was cemented earlier this week when it disclosed holdings of 74,656 ETH acquired between July 7-13. The scale and speed of these acquisitions mark a significant shift in institutional adoption of cryptocurrency, particularly among non-traditional financial firms.

Coinbase Launches New All-in-One Crypto App: Here’s What You Need to Know

Coinbase has unveiled a transformative upgrade to its ecosystem with the launch of the Base App, a rebranded and expanded version of Coinbase Wallet. The new app integrates social trading, faster transactions, and a unified interface for trading, payments, and messaging—all built on its Ethereum Layer-2 network, Base.

CEO Brian Armstrong frames the Base App as the cornerstone of an "onchain economy for a billion people," emphasizing seamless usability. The move reflects broader industry trends toward immersive, consumer-first crypto experiences, positioning Coinbase at the forefront of infrastructure innovation.

Ethereum Surges 50% in Four Weeks Amid Record Wallet Growth

Ethereum's native token ETH has rallied more than 50% since late June, breaching the $3,400 level for the first time since January. The resurgence comes as the network achieves a historic milestone—152.03 million active wallets, the largest user base in crypto.

Analytics firm Santiment reports soaring social media engagement, with ETH dominating conversations across X, Reddit, and Telegram. Bullish sentiment prevails as traders eye the $4,000 resistance level.

Institutional interest appears to be driving the momentum, though specific inflow data remains undisclosed. The rally marks a dramatic recovery from May's slump, reigniting Optimism for Ethereum's ecosystem.

Ethereum Price Prediction: Is the ETH Rally Going to Continue in July 2025?

Ethereum's rally shows no signs of slowing as institutional and speculative demand converge. Regulatory progress, particularly the U.S. House advancing the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act, has injected fresh optimism into the market. The altcoin sector is now the focal point of capital rotation, free from the geopolitical and macroeconomic uncertainties that previously clouded sentiment.

Spot ETH ETFs recorded a historic $726.6 million inflow on Wednesday, underscoring traditional finance's growing confidence in the asset. Derivatives markets echo this momentum—open interest surged to a record $46 billion, eclipsing previous peaks during post-election and post-inauguration rallies. A $145 million short liquidation event further fueled volatility, propelling ETH's weekly gains beyond 20%.

Technical analysis suggests the rally may persist. Ethereum has broken out of an ascending broadening wedge pattern, a bullish signal for continuation through July. Market participants now watch whether regulatory tailwinds and institutional inflows can sustain this trajectory.

Ethereum Exchange Reserves Mirror Pre-Rally Levels, Signaling Potential Upside to $4,500

Ethereum's exchange reserves have dropped to 19.7 million ETH, mirroring levels seen before its 75% surge in October 2024. The current setup—marked by consistent outflows and negative netflows—suggests a similar bullish trajectory may be forming.

On-chain data reveals 147,400 ETH were withdrawn from exchanges on July 16, echoing the accumulation phase preceding previous rallies. Tight supply conditions and subdued sell pressure could propel ETH toward $4,541, a 32% gain from current levels.

Futures market dynamics align with this outlook, as funding rates remain stable despite the price uptrend. The combination of shrinking liquidity and sustained demand creates a textbook setup for continuation—provided macroeconomic conditions remain favorable.

Ethereum's Bullish Elliott Wave Pattern Signals Further Gains

Ethereum (ETH/USD) continues to exhibit strong bullish momentum, with Elliott Wave analysis suggesting further upside potential. The cryptocurrency has been tracing higher highs since bouncing off the 2,115.6 low, confirming an impulsive wave structure that typically precedes extended rallies.

Technical charts show ETHUSD completed its corrective Wave 2 at 2,377.5, with the subsequent Wave 3 push targeting the 3,036.5–3,441.1 Fibonacci extension zone. Wave 3 movements often deliver the most dynamic price action in Elliott sequences, frequently reaching 1.618–2.618 times the length of Wave 1.

The pattern remains intact as long as Ethereum maintains support above the 2,377.5 swing low. Current price action validates the July bullish call, with ETH now testing initial projections. Traders are advised to favor long positions until the structure shows signs of completion.