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SharpLink Acquires $463M in Ether, Shares Remain 66% Lower

SharpLink Gaming (SBET), the public firm pivoting to a crypto treasury strategy focused on Ethereum, revealed on Friday it acquired 176,271 ether ETH for nearly $463 million. The purchase makes the firm the largest ETH holder among publicly traded companies, SharpLink said in a press release. The company tapped its $1 billion at-the-market (ATM) common […]

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UNI Drops Hard After V-Shaped Rebound Fizzles Amid Mounting Middle East Tension

Uniswap’s UNI UNI token is down 6.36% to $7.3864 over the past 24 hours, as traders absorbed another wave of geopolitical tension following an aggressive new message from President Donald Trump. The token had briefly recovered from a sharp overnight crash—bouncing 9.5% from $6.82 to over $8.40—but has since slipped again as risk sentiment deteriorated.

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Positive U.S. Regulatory Environment More Conducive for Crypto Corporate Activity: JPMorgan

Expectations of a more benign regulatory environment in the U.S. is leading to an increase in the number of crypto companies looking to go public and an uplift in venture capital (VC) funding, investment bank JPMorgan (JPM) said in a research report Wednesday. The GENIUS Act’s progress in the Senate has become a “key factor

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AVAX Plunges 13% as Crypto Sinks on Rise in Mideast Tensions

The cryptocurrency market is experiencing significant volatility due to Israel’s strikes on Iran. Avalanche AVAX has been particularly affected, undergoing a substantial 13% correction with high trading volume. Despite the sharp decline, buyers have established strong support in the $18.57-$18.70 range, with recent price action showing signs of stabilization and potential consolidation, according to CoinDesk

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Brazilian Firm Meliuz’s Shares Fall After Planning to Raise $32.4M to Buy Bitcoin

Brazilian fintech firm Meliuz (CASH3) plans to raise R180.08 million ($32.4 million) through an equity offering, according to a filing. The funding is earmarked specifically for the purchase of bitcoin, aligning with the company’s recent strategic shift to incorporate bitcoin into its balance sheet. The offering, priced at R7.06 ($1.27) per share, was about 5%

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Bitcoin Miners Just Had One of Their Best Quarters on Record, JPMorgan Says

The first quarter of 2025 was one of the best periods on record for U.S.-listed bitcoin BTC mining companies, Wall Street bank JPMorgan (JPM) said in a research report Friday. “Four of the five operators in our coverage reported record revenue and profits,” analysts Reginald Smith and Charles Pearce wrote. In aggregate, the miners earned

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CoinDesk 20 Performance Update: Bitcoin Price (BTC) Falls 2.2% as All Assets Decline

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3027.78, down 4.4% (-137.85) since 4 p.m. ET on Thursday. None of the 20 assets are trading higher. Leaders: BTC (-2.2%) and XRP (-2.9%). Laggards: SUI (-8.2%) and NEAR

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Bitcoin Miner Price Targets Raised to Reflect Improved Industry Economics: JPMorgan

JPMorgan (JPM) raised its price targets for a number of bitcoin BTC mining companies to reflect first-quarter results and changes to the bitcoin price and the network hashrate, the bank said in a report Friday. The bank lifted its CleanSpark (CLSK) price target to $14 from $12, its Riot Platforms (RIOT) objective to $14 from

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