Public keys are weekly summary Decryptionit tracks major crypto companies that are publicly available.
Sharpening your stakes
Ethereum Treasury Firm Sharplink Gaming plans to wager a portion of the $3.6 billion ETH stash on the Linea network when it hits the mainnet.
The company staking almost all of its holdings through its Custodian, Anchorage and Coinbase. But now it focuses on higher revenue opportunities.
“If you keep a multi-billion dollar ETH and look at your staking portfolio, you have the ability to deploy it through Linea's staking opportunities.” Decryption. “And that's really, really important. Not just for the Consensus, but also for the Linea Consortium. And if there's an opportunity for Sharplink to get better yields through better yields, higher risk-adjusted yields, we do that.”
There is a huge amount of interest in becoming an Ethereum validator. According to Balidator Queue, the line to become a validator has a waiting period of 16 days or more.
The Ethereum ICO whale recently woke up and moved $645 million worth of ETH to a staking wallet this morning, but still has $1.1 billion worth of funds.
However, news about ETH staking was not at all great for Sharplink's stock price. SBET lost 4% and the stock is currently trading at $14.81. This has fallen nearly 20% since the beginning of the week.
What kind of opening hours?
On Friday, the SEC and CFTC leaders said they are considering a “24/7 market” to coincide with the cadence of the digital asset market.
“And further expanding trading times will allow us to better fit the US market with the evolving reality of the ever-occurring economy, globally,” SEC Chairman Paul Atkins and CFTC acting chairman Caroline Fam said in a joint statement on Friday.
However, the chair added a warning around the clock that trades may not be suitable for all asset types.
If changes occur, the Trump administration has left another mark on the financial markets.
Chair told agencies to loosen many US restrictions on crypto transactions, all of which coincided with a report released by the Trump administration in July.
It's a cynical twist after a decade after the Wall Street company had to ban interns from drawing all nature.
Bitcoin Miner Gets AI Boost
According to analysts at JP Morgan, publicly traded Bitcoin miners have AI to thank last month's new record market capitalization set.
Their total market capitalization skyrocketed to $39 billion as companies relied on high-performance computer pivots.
Hashrates, which rises at half of Bitcoin last year, have been relentlessly cut into margins, but thankfully there is a lot of demand for GPU farms.
JP Morgan tracks 13 US registered miners, including IRIS Energy, Hut 8, Core Scientific, Marathon and Riot. This list also includes Terawulf. Terawulf's share price rose 83% after the company signed a deal with Colocation, AI Hosting Deal and fluidstack.
This is not a scrabble of profits, but a sign of a plan that is carefully dependent on. Many miners have been planning these pivots for years.
Other keys
- Strategy drops $450 million in Bitcoin: When the strategy buys more bitcoin, it's not surprising. This lived on that streak in the same week that the stock acquired a repeat buy rating from the benchmark.
- Return to detention: US Bank has revived its Bitcoin management service. The $60 billion market capitalization lender has revived the program after years of pause as the facility's performance custodians bulged.
- Metaplanet shareholder crunch: Shareholders of the Japanese Bitcoin Ministry of Finance have approved a $884 million capital raise as the company struggles to raise cash. The analyst said Decryption He hopes the company will continue to buy BTC even if Bitcoin splits this month.
