SharpLink has become the largest Ethereum (ETH) holder among enterprises. The company raised approximately $413 million in net proceeds through an ATM program between July 7-11, with about $156 million invested in ETH, and the remaining approximately $257 million available for future Ethereum acquisitions. Between July 7-13, SharpLink purchased around 74,656 ETH at an average price of about $2,852 per coin, with a total holding of 280,706 ETH, of which approximately 99.7% has been staked, earning about 415 ETH in revenue since June 2. ETH concentration has increased by approximately 23% since June 13.
Trend Research Transfers 5,000 ETH to Binance Again 10 Minutes Ago
According to Yuji, Trend Research transferred 5,000 ETH (approximately $15.71 million) to Binance 10 minutes ago. Today, the institution has cumulatively transferred 32,519.7 ETH (approximately $102 million) to Binance for sale, and has already withdrawn $50.6 million USDT to repay loans and deleverage.
A Whale Institution Sells 15,000 ETH through Wintermute in the Past 8 Hours
According to Yuji, a whale/institution that profited $30.45 million from two ETH swing trades has again sold 15,000 ETH (approximately $46 million) through Wintermute in the past 8 hours. The institution bought 132,000 ETH at an average price of $2,540 from June 11 to 22, and started selling in batches for profit from July 9. So far, it has sold 88,592 ETH for $246 million USDC, with a selling average price of $2,779, realizing a profit of $21.17 million. It still holds 45,000 ETH (approximately $141 million), with an unrealized gain of $26.86 million.
Pump.Fun Reportedly Transfers 98,000 SOL, Worth Approximately $16 Million, to Buyback Address
On-chain information shows that Pump.Fun has reportedly transferred 98,000 SOL, worth approximately $16 million, to a buyback address. Previously, there were market rumors that Pump.Fun had initiated the first round of PUMP buyback.
Cantor Fitzgerald Plans SPAC Transaction Exceeding $4 Billion with Bitcoin Pioneer
According to the Financial Times, Cantor Fitzgerald is in late-stage negotiations with Adam Back, an early Bitcoin supporter and founder of Blockstream Capital, for a Bitcoin acquisition transaction exceeding $4 billion. The transaction involves Cantor's SPAC company Cantor Equity Partners 1, planning to acquire over 30,000 bitcoins and further increase digital currency holdings through external financing.
Citi CEO: Exploring Possibility of Issuing Stablecoin
According to Jin Shi, the Citi CEO stated that the bank is exploring the possibility of issuing a stablecoin.
Tether Held Over $127 Billion in US Treasuries in Q2
Tether CEO Paolo Ardoino posted on X platform that in the second quarter of 2025, Tether (USDT) held over $127 billion in US Treasuries.
Eclipse to Open ES Token Airdrop at 5 PM on July 16
Eclipse announced on X platform that the ES token airdrop claim will open at 5 PM Beijing time on July 16, with ES to be simultaneously issued on the Eclipse mainnet, Ethereum mainnet, and Solana network.
GameStop CEO: Buying Bitcoin to Hedge Inflation, Not Mimicking Strategy's Model
According to CNBC, GameStop CEO Ryan Cohen stated in an interview that the company will not follow Strategy's model, but has its own unique strategy. GameStop currently has a very strong balance sheet with over $9 billion in cash and marketable securities, and the previous purchase of 4,710 BTC was only to view Bitcoin as a tool to hedge against inflation and global money printing.
Market News: ProShares Launches ETF Targeting 2x Daily Returns for SOL and XRP
According to market news, ProShares has launched an ETF aimed at achieving 2x daily returns for SOL and XRP.
Listed Company OFA Group Reaches $100 Million Equity Financing Agreement to Establish Crypto Reserve
According to the official announcement, construction services company OFA Group (Nasdaq: OFAL) has obtained a $100 million (expandable to $200 million) equity financing arrangement and will collaborate with Bitwise to launch a cryptocurrency reserve focused on Bitcoin, SOL, and SUI.
According to Jin Shi, the US June unadjusted core CPI year-on-year rate is 2.9%, expected 3.00%, previous value 2.80%. US June unadjusted CPI year-on-year rate is 2.7%, expected 2.70%, previous value 2.40%. US June seasonally adjusted core CPI month-on-month rate is 0.2%, expected 0.30%, previous value 0.10%. US June seasonally adjusted CPI month-on-month rate is 0.3%, expected 0.30%, previous value 0.10%.
Strategy Claims to Hold 3% of Circulating Bitcoin Supply
Strategy (MSTR) posted on X platform that it currently holds 3% of the circulating Bitcoin supply. Previously, Strategy spent approximately $472.5 million to acquire 4,225 bitcoins last week, bringing its total holdings to 601,550 bitcoins.
According to Fortune magazine, Dakota, a stablecoin bank founded by former Coinbase executive Ryan Bozarth, has completed a $12.5 million Series A funding round led by CoinFund, with participation from 6th Man Ventures, Digital Currency Group, and Kraken's Triton Ventures. Dakota facilitates fund transfers through stablecoins, providing bank-like account services for businesses and individuals. Its business model combines traditional banking functions with blockchain technology, primarily serving non-crypto overseas enterprise users. The platform has processed $1.6 billion in transactions and expects to reach $4 billion by the end of 2025. Although not holding a banking license, the company is registered as a money services business in the US and Europe.
BlackRock Quarterly Report: Bitcoin ETF Inflows Surge 366% in Q2
According to Cointelegraph, BlackRock's 2025 second-quarter financial report shows that its cryptocurrency ETF inflows reached $14 billion, a surge of 366% quarter-on-quarter, accounting for 16.5% of total ETF inflows in the quarter, significantly up from 2.8% in the first quarter. Although the crypto business contributes only 1% of base fees ($40 million), the sector's revenue increased 18% quarter-on-quarter. BlackRock noted that the rapid growth of the digital assets business shows potential for future revenue contribution. CEO Larry Fink emphasized that through crypto products and the new fund of Jio BlackRock in India, they are attracting a new generation of global investors. Affected by a single institutional client's $52 billion low-fee index product redemption, BlackRock's total Q2 inflows decreased 19% year-on-year to $68 billion. As of the end of June, BlackRock's assets under management reached $11.5 trillion.
According to Cointelegraph, as the trading volume of digital collectibles continues to shrink and competition intensifies, the cryptocurrency trading platform OpenSea is expanding its business beyond Non-Fungible Tokens. On July 8, OpenSea announced the acquisition of Rally, a mobile token trading platform, to drive mobile business expansion and enhance token trading capabilities, aiming to create a "full-featured on-chain application". Rally co-founder Chris Maddern, who now serves as OpenSea's Chief Technology Officer, stated that this integration will bring together the best resources in the crypto field, providing a one-stop service that allows users to access more opportunities, assets, and cultural experiences through on-chain applications. Maddern revealed that the new mobile platform will integrate Non-Fungible Token, token, and DeFi functions, enabling users to maximize the value of their cryptocurrencies by simply opening the OpenSea app. Rally will lay the foundation for OpenSea's mobile experience, and its team's expertise will support the development of the new application. The combination of the two will build a multi-asset ecosystem, promoting the collaborative development of tokens and Non-Fungible Tokens. Additionally, the new application will integrate AI technology to help users operate safely, optimize feature discovery experience, and be used in educational scenarios.
According to CoinDesk, crypto infrastructure company Function (formerly Ignition) has completed a $10 million seed round funding, led by Galaxy Digital, with Antalpha and Mantle participating. In addition to investment, Galaxy Digital will also participate in core businesses such as liquidity provision for FBTC and governance framework design. The company is dedicated to developing institutional-level yield solutions for Bitcoin. Function's core product FBTC is a fully reserved, composable Bit
