SharpLink Gaming Moves $14M in Ethereum to OKX Ahead of Earnings

SharpLink Gaming, a Nasdaq-listed company, has transferred 4,364 ETH (worth approximately $14.47 million) to cryptocurrency exchange OKX. The transaction, which occurred on November 7, 2025, was flagged by blockchain analytics platform Lookonchain and has raised questions about the company's intentions ahead of its Q3 earnings call. The funds were traced to a SharpLink-linked wallet that initially held 5,284 ETH ($17.52 million), with 791 ETH remaining unaccounted for. This move has sparked speculation in the crypto community, with some interpreting it as potential profit-taking or liquidity management ahead of the earnings announcement. As a bullish observer of digital assets, this transaction highlights the growing intersection between traditional finance and cryptocurrency markets, as publicly traded companies increasingly engage with digital asset platforms like OKX for treasury management.

SharpLink Transfers $14M in Ethereum to OKX Ahead of Earnings, Raising Concerns

SharpLink Gaming, a Nasdaq-listed company, has moved 4,364 ETH worth approximately $14.47 million to crypto exchange OKX. The transaction, executed on November 7, precedes the firm's third-quarter earnings call, sparking speculation about its motives.

Blockchain analytics platform Lookonchain traced the funds to a SharpLink-linked wallet that initially redeemed 5,284 ETH ($17.52 million). While 791 ETH remains in the wallet, about 920 ETH remains unaccounted for. The transfer coincides with a 37% monthly decline in SharpLink's stock (SBET), which now trades below the value of its crypto holdings.

Ethereum's market performance adds context—the asset has dropped 26% over the past month, slipping below $3,300. SharpLink has historically used share buybacks to stabilize investor sentiment, leaving market watchers to ponder whether this MOVE signals strategic repositioning or distress.

OKX Launches Stablecoin Wallet and Card in Brazil, Offering High-Yield Earnings and Global Spending

OKX has rolled out OKX Pay and the OKX Card in Brazil, targeting mainstream adoption of stablecoins. The platform enables instant conversion of Brazilian Reais to digital dollars via PIX, Brazil's popular payment system. Users can earn up to 10% APY on stablecoin balances, with yields calculated daily and paid weekly—no lock-up periods required.

The OKX Card eliminates foreign exchange fees for global transactions, integrating seamlessly with Google Wallet and Apple Pay. Built on OKX's ZK-powered X LAYER blockchain, the solution combines self-custody security with traditional finance convenience. This move positions Brazil as a testing ground for crypto-powered alternatives to legacy banking services.