SharpLink’s Bold Ethereum Strategy: $145M Transfer and BlackRock Veteran Appointment Signal Major Bullish Move

SharpLink is making waves in the cryptocurrency space with its aggressive Ethereum accumulation strategy. The company recently transferred $145 million in USDC to Galaxy Digital's OTC wallet, preparing for what appears to be another substantial ETH purchase. This move comes amid a weeks-long buying spree that has already resulted in the acquisition of 360,807 ETH (worth approximately $1.33 billion), with 95% of these holdings staked or deployed through liquid staking strategies. Adding to the bullish sentiment, SharpLink has appointed Joseph Chalom, a former BlackRock veteran, as Co-CEO, signaling its serious commitment to cryptocurrency investments. As of August 2025, these developments suggest strong institutional confidence in Ethereum's long-term value proposition and could potentially influence ETH's market trajectory in the coming months.

SharpLink Prepares Major Ethereum Purchase with $145M Transfer and Appoints BlackRock Veteran as Co-CEO

SharpLink is aggressively expanding its ethereum treasury, transferring $145 million in USDC to Galaxy Digital's OTC wallet, signaling an imminent large-scale ETH acquisition. The move follows a weeks-long buying spree that has amassed 360,807 ETH worth $1.33 billion, with 95% staked or deployed through liquid staking strategies.

The company has appointed Joseph Chalom, former BlackRock digital assets strategist, as Co-CEO to oversee its growing crypto holdings. Chalom brings institutional credibility from his role in launching BlackRock's iShares Ethereum Trust (ETHA), now the world's largest ETH ETP with $10 billion in assets. His experience includes key digital asset partnerships with Coinbase, Nasdaq, and Circle during his tenure at the asset management giant.

NFT Market Surges to $6.6 Billion as CryptoPunks Lead Rebound

The NFT market has staged a remarkable recovery, with July's capitalization hitting $6.6 billion—a 94% monthly increase. This resurgence defies earlier bearish trends, signaling a potential evolution rather than a temporary bounce.

CryptoPunks spearheaded the rally, with floor prices jumping 53% to nearly $180,000. Ethereum-based projects like Pudgy Penguins and CryptoBatz mirrored this growth, benefiting from renewed speculative and cultural interest.

DappRadar data reveals weekly transaction volumes spiking 51% to $136 million, the highest since February. The rebound follows four consecutive quarters of decline, suggesting NFTs may be entering a new phase of maturation as discerning collectors return.

Bit Digital Plans $1 Billion Share Capital Increase to Expand Ethereum Holdings

Nasdaq-listed cryptocurrency miner Bit Digital has proposed a dramatic expansion of its authorized share capital, seeking to raise the limit from 340 million to 1 billion shares. The move, approved by the board and pending shareholder approval in September, WOULD fuel additional Ethereum acquisitions.

The company already ranks among the largest public holders of ETH, with this capital restructuring signaling aggressive confidence in Ethereum's long-term value proposition. Institutional accumulation of Ethereum continues unabated despite recent market volatility.

BlackRock Accumulates More ETH Amid Surging Interest in DeSoc Presale

BlackRock has significantly increased its Ethereum holdings this week, reinforcing its bullish stance on the leading altcoin. The MOVE follows the firm's earlier filing for an ETH ETF and signals growing institutional confidence in Ethereum's long-term value proposition. Market analysts interpret this accumulation as a strategic positioning ahead of potential ETF approvals.

Meanwhile, retail investor attention has pivoted to the DeSoc presale, which has attracted over 50,000 wallets and raised $10 million. The $SOCS token powers an operational decentralized social platform, distinguishing it from speculative offerings. This dual trend highlights the current market dichotomy: institutional players are building ETH positions while retail participants chase high-growth opportunities in the presale market.

Cathie Wood Explains Why Ethereum’s Unstaking Queue Just Hit New Highs

Ethereum's unstaking queue has surged to unprecedented levels, with over 733,000 ETH—worth approximately $2.76 billion—awaiting withdrawal. The queue now spans 13 days, marking the longest delay in the network's history. This liquidity crunch coincides with Ethereum surpassing 1 million active validators and 35.6 million ETH staked, representing nearly 30% of total supply. Staking rewards have compressed to a mere 2.97% APR amid validator saturation.

ARK Invest CEO Cathie Wood attributes the exodus to institutional players rather than retail investors. Venture capital firms and corporate treasury entities are reportedly withdrawing ETH in bulk, capitalizing on Robinhood's limited-time 2% transfer bonus for Gold-tier users. Wood notes these actors are strategically reallocating staked ETH into treasury management vehicles to maximize returns upon lockup expiration.

Memecoins Tied to Ozzy Osbourne and Hulk Hogan Surge Following Their Deaths

Memecoins linked to metal legend Ozzy Osbourne and wrestling icon Hulk Hogan experienced dramatic price increases after their deaths, driven by nostalgia and speculative trading. Terry Bollea, known as Hulk Hogan, died of a heart attack, while Ozzy Osbourne passed away at 76. Tributes flooded the internet, sparking a rally in tokens honoring the cultural icons.

The crypto market responded uniquely, with Hulkamania (HULK), a Wrapped Ethereum token, surging 122,000% at its peak. Ozzy Osbourne's legacy in music and Hogan's wrestling fame fueled the frenzy. Both figures left indelible marks on their industries—Osbourne with Black Sabbath's 75 million album sales and Hogan as WWE's most recognizable star in the '80s and '90s.