Ethereum treasury firm SharpLink Gaming announced Tuesday that it added nearly $79 million in ETH to its holdings in its first crypto buy in over a month. The Minneapolis, Minnesota-based firm now has 859,853 ETH, now worth over $3.5 billion, after it bought 19,271 ETH at a cost average of $3,892 per coin last week.
Galaxy Digital shares jumped on Tuesday after the institutional crypto firm reported $505 million in third-quarter profits amid an increasing amount of assets on its platform. The New York-based firm, which debuted GalaxyOne this month, is positioning itself as a competitor to retail-focused platforms like Robinhood and Coinbase, and it said that its platform reached
BitcoinOS (BOS) has raised $10 million to expand its institutional Bitcoin finance tools and developer protocols. The round was led by Greenfield Capital, with participation from FalconX, DNA Fund, Bitcoin Frontier Fund and a group of angel investors including Anchorage Digital CEO Nathan McCauley and Spartan Group’s Leeor Groen, BOS announced via email on Tuesday.
U.S. Federal Reserve Gov. Christopher Waller kicked off the central bank’s first payments-innovation conference by vowing the Fed will embrace the crypto sector’s innovations and saying he’s asked staff to explore a lighter version of the so-called “master accounts” that give financial firms access to U.S. payment rails. “My view from the Fed from now
Shares of Galaxy Digital (GLXY) are ahead 2% on Tuesday after the crypto-focused financial firm beat third quarter revenue expectations by a wide margin and confirmed major progress on its Helios data center project. Led by CEO Mike Novogratz, the company reported $29 billion in revenue, nearly doubling analyst forecasts of $16 billion. Galaxy credited
Coinbase has acquired Echo, an onchain fundraising platform, for approximately $375 million, the crypto exchange announced Tuesday. The deal marks another major acquisition this year for Coinbase as it expands its role in early-stage crypto funding. “We want to create more accessible, efficient, and transparent capital markets,” the company said in a statement. “But today,
YZi Labs, the former venture arm of Binance, led a $25.5 million strategic investment round for Sign, Blockworks has exclusively learned. IDG Capital also participated in the round. In January, Sign raised $16 million from YZi Labs, which was also YZi’s first investment after being spun out from Binance after former Binance CEO Changpeng Zhao
CoreWeave (CRWV) CEO Michael Intrator told CNBC the company will not raise its $9 billion all-stock offer for bitcoin miner Core Scientific (CORZ), calling the acquisition a “nice to have, not a need to have.” He said the offer fairly reflects the relative value of both companies and that CoreWeave will continue as planned even
Key Takeaways Jarrod Patten, a Strategy board member, bought $2.3 million in STRC shares, signaling strong insider confidence. Strategy is best known for its strategy of accumulating Bitcoin as part of its corporate treasury and is seen as a proxy for Bitcoin exposure. Strategy board member Jarrod Patten purchased $2.3 million worth of the company’s
SharpLink Gaming (SBET), the publicly-traded digital asset treasury company led by Ethereum co-founder Joseph Lubin, reported its first ether ETH$3,880.59 purchase since late August, acquiring over $75 million worth of tokens. The firm raised $76.5 million last week via a direct stock offering, and used the proceeds for purchasing 19,271 ETH at an average price