Latest news with #Ethereum-based
Yahoo
2 hours ago
- Business
- Yahoo
Ethereum Wallet MetaMask Adds Stablecoin Yield With DeFi Giant Aave
MetaMask, the Ethereum-based crypto wallet, is offering its users the ability to earn interest on their stablecoins thanks to a new partnership with decentralized lending protocol Aave. The feature, called Stablecoin Earn, gives MetaMask's million-plus users access to yield on USDC, USDT and DAI without leaving their wallet. The earnings come from Aave's lending infrastructure, which offers yield in exchange for depositing assets that can be borrowed by others. Stablecoins, which have become one of the hottest areas in crypto thanks in part to new legislation in the U.S., grew out of the DeFi space initially. Earning passive yield on stablecoins inside the MetaMask wallet, which has been focused on staking services and Web3 access, removes the need to navigate complex decentralized finance (DeFi) interfaces or third-party platforms, the company said. MetaMask, built by core Ethereum development firm Consensys back in 2016 has a solid partner in Aave, which claims to be the largest DeFi lending protocol by total value locked at over $50 billion. The Mastercard-powered MetaMask payment card is also part of the integration, the companies said, allowing users to spend Aave's yield-bearing aUSDC directly in real-world transactions while continuing to earn yield until the moment of spending. 'MetaMask is the most popular way for people to access Web3, with millions of users. This partnership brings DeFi earning opportunities straight into the wallets people already use, helping them get more from their assets and take control of their financial future,' said Stani Kulechov, founder of Aave Labs in a statement. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
2 days ago
- Business
- Time of India
Cryptocurrency Live News & Updates : Ethereum Exit Queue Surges, Investors Watch Closely
26 Jul 2025 | 11:35:12 PM IST Ethereum's exit queue has rapidly expanded, reaching over 680,000 ETH, signaling potential shifts in investor sentiment as many opt to unstake rather than hold. Recent developments in the cryptocurrency landscape highlight significant trends across various projects. Ethereum's exit queue has surged to a record high, with over 680,000 ETH waiting to be unstaked, raising questions about potential price movements. Meanwhile, Sky Protocol's token has seen a remarkable increase, driven by whale accumulation and strong fundamentals, with a total value locked exceeding $6.1 billion. In Pakistan, a youthful demographic is propelling Bitcoin adoption, with the country ranking among the top five globally in crypto wallets. The government is actively pursuing a regulatory framework for digital assets, including Bitcoin mining initiatives. Lastly, Pepeto, a new Ethereum-based memecoin, is gaining traction with a generous staking reward of 246% APY, attracting attention for its utility and community focus. As Ethereum approaches a critical price resistance level, the overall market sentiment remains cautiously optimistic, with institutional interest in ETFs and innovative projects like Sky and Pepeto shaping the future of cryptocurrency. Show more
Yahoo
3 days ago
- Business
- Yahoo
BlackRock's crypto chief just jumped ship for Ethereum's second-biggest treasury company
BlackRock's head of digital assets announced Friday that he's leaving the Wall Street giant and joining the second-biggest Ethereum treasury company, SharpLink Gaming, as co-CEO. Rob Phythian, SharpLink's current CEO, will transition to the role of president over the next quarter and remain a member of the firm's Board of Directors. Joseph Chalom led BlackRock's crypto push, which included the launch of Bitcoin and Ethereum exchange-traded funds, as well as the firm's $2.4 billion Ethereum-based tokenised fund. 'Ethereum is becoming the foundation of global finance,' Chalom said in an X post announcing the move. 'That's where the future is being built.' The development comes as Ethereum excites a furore among institutional investors. Investors have piled $3.3 billion into Ethereum ETFs over the past two weeks, the highest rate of inflows since the SEC greenlit the investment products last year. Ethereum treasury companies, including SharpLink, have so far snapped up $5.3 billion worth of Ethereum and added it to their books. The top institutional holder of Ethereum is Bitmine Immersion Technologies, a converted Bitcoin mining company, chaired by Fundstrat co-founder Tom Lee. Ethereum treasury companies aim to gobble up as much of the asset as possible, the same approach pioneered by Michael Saylor's Strategy for Bitcoin. Those running such schemes say Ethereum is well-positioned to grow over the coming years as the primary network for issuing and transferring stablecoins and other tokenised assets. 20 years Before joining SharpLink, Chalom spent 20 years at BlackRock, serving in several senior roles and ultimately leading the firm's digital assets strategy. He forged many of the firm's crypto partnerships, including those with Coinbase, Anchorage Digital Bank, BNY Mellon, and Circle. He also served on the board of tokenisation firm Securitize, which acts as the transfer agent for the BlackRock USD Institutional Digital Liquidity Fund, often shortened to BUIDL. SharpLink Gaming is a Minneapolis-based online casino company that recently pivoted to pursuing an Ethereum treasury strategy. It is chaired by Joe Lubin, one of Ethereum's co-founders and the CEO of blockchain software firm Consensys. So far, the firm has acquired over 360,000 Ethereum, worth approximately $1.34 billion, resulting in a $354 million profit. On June 2, SharpLink raised $425 million through a private investment in public equity — or PIPE — funding round, as well as an additional $64 million in at-the-market sales. Later that month, shares of the firm, which trade under the ticker SBET, fell some 75% as investors in the PIPE sale filed to give themselves the ability to sell shares. SharpLink shares have since partially rebounded, thanks in part to Ethereum's 52% surge over the past month. Shares are down 4.5% on the day. Tim Craig is DL News' Edinburgh-based DeFi Correspondent. Reach out with tips at tim@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
6 days ago
- Business
- Business Insider
Ethereum Based Meme Coin PEPETO Raises Above $5.5M in Presale
Pepeto Ethereum-based ERC20 in final stage of pre-sale The pre-sale projects constitute a chance to fund the project at the early stages, before official launch. Historically, investors who have spotted the right valuable tokens, made successful investments, especially in the cryptocurrency market. Pepeto, a meme coin project developed on an Ethereum blockchain, has raised over $5.5 million in total presale contributions. With Demo version of its exchange launched, the project continues to draw attention as it combines meme culture with bridge and tech swap infrastructure. Pepeto's Ethereum Powered Exchange The world of meme coins is shifting and Pepeto is leading that change with more than just hype. Built on Ethereum, this project is reshaping expectations by blending entertainment with real blockchain infrastructure. At the core of Pepeto's offering is a full-fledged decentralized exchange, equipped with PepetoSwap technology and a frictionless bridge that connects multiple blockchains. Traders no longer have to rely on high-fee swaps or centralized platforms. Instead, Pepeto gives them fast, secure, and zero-fee trading backed by Ethereum's network. This makes Pepeto ideal for both casual users and serious investors who want speed, scalability, and safety, all in one place. As more Layer-2 solutions gain traction, Pepeto positions itself as one of the few meme coins offering actual technical value. Utility, Speed, and Culture: The Triple Threat Zero-fee trades via PepetoSwap Exchange Cross-chain bridge for fast, low-cost swaps Fully-audited smart contract Viral frog narrative with Elon and PEPE ties Tier 1 exchange listing announcement expected soon Pepeto's Vision and Contribution to the Crypto Space Pepeto is an ambitious underdog focused on transforming how finance operates in the digital age. It recently rolled out the Pepeto Bridge exchange, designed to fix cross-chain issues, boost liquidity, and enable seamless swaps between networks. One big reason for its momentum is the presale, which has already secured $5.5 million while tokens remain priced at just $0.000000142 each. Leading analysts say Pepeto could be the next breakout star in August, with plans to raise even more capital as its presale continues. Pepeto's initials: Power, Energy, Precision, Efficiency, Technology, and Optimization, highlight why it's called the God of Frogs, promising security and clarity for all holders. Early buyers are especially optimistic since it's not yet trading on centralized exchanges, giving newcomers time to join before the liquidity floodgates open. How to Buy $PEPETO Investors can join the $PEPETO presale today via the official website. Tokens are available at $0.000000142, with payment options including USDT, ETH, and BNB. Early participants can capitalize on staking rewards and other exclusive ecosystem benefits. $PEPETO is a cutting-edge cryptocurrency project blending the playful spirit of meme coins with real-world utility. Featuring a zero-fee exchange, cross-chain bridge, and unparalleled staking rewards, $PEPETO is redefining what it means to be a meme coin in 2025. Official Links: Contact
Yahoo
21-07-2025
- Business
- Yahoo
GameSquare Expands Crypto Treasury Program to $250 Million
Increases Ethereum treasury holdings to approximately $38 million, with recent $30 million purchase Launches NFT yield program creating one of the first treasury management strategies to leverage digital assets within the Ethereum ecosystem targeting an expected annualized return of 6%-10% FRISCO, Texas, July 21, 2025 /PRNewswire/ -- — GameSquare Holdings, Inc. (Nasdaq: GAME) (the "Company" or "GameSquare") a next-generation media, entertainment, and technology company, today announced that its Board of Directors has increased the Company's digital asset treasury management authorization from $100 million to $250 million. As part of the expanded program, the Board has approved a new NFT yield strategy, with an initial $10 million allocation. The updated treasury framework enables the Company to actively deploy capital into high-quality Ethereum-based assets and generate sustainable stablecoin yields targeting a 6–10% return. "We believe this moment marks the future of capital strategy for modern media companies, after months of planning and diligence. We're not just holding Ethereum, we're putting it to work in a proprietary way with best-in-class partners. With Dialectic as our partner, we're building a dynamic treasury engine designed to generate real onchain yield that funds innovation across our exclusive platform. This isn't a hedge, it's a multi-year growth strategy focused on creating significant shareholder value," said Justin Kenna, CEO of GameSquare. ETH Holdings UpdateGameSquare recently purchased $30 million of ETH, acquiring approximately 8,351.89 ETH at a weighted average price of approximately $3,592 per ETH. To date, GameSquare has purchased $35 million of ETH under its $250 million authorization. The Company currently has approximately 10,170.74 ETH as of July 21, 2025. NFT Strategy LaunchGameSquare's NFT strategy will focus on Ethereum-native digital assets that align with its creative DNA, including culturally iconic digital art and collectibles. Rather than passively holding crypto assets, the Company is emphasizing capital efficiency and utilizing DeFi protocols to unlock stablecoin yield while enhancing the long-term value of its ETH holdings. To ensure strong oversight, GameSquare has implemented a dedicated digital asset investment committee reporting to the Board. All allocations are reviewed for compliance, security, and valuation integrity. The Company does not engage in related-party transactions and has strict internal controls in place for digital asset custody and liquidity management. "We are excited to be among the first public companies to include NFTs as part of a diversified digital asset strategy. This reflects the innovative approach to our treasury management initiatives. With deep experience building in-game and real-world creative environments, GameSquare is uniquely positioned to understand the cultural and economic value of these digital assets," Kenna continued. Increased AuthorizationThe Company's Board of Directors has increased its crypto treasury management authorization from $100 million to $250 million, as a result of the program's mounting success. The Company has formed a strategic partnership with leaders in the crypto space including Ryan Zurrer of Dialectic and Rhydon Lee of Goff Capital to manage and optimize its treasury management program. "Our crypto strategy complements GameSquare's broader strategic growth plan and aligns with the growing institutional adoption of Ethereum-based assets. GameSquare isn't just trying to get involved in an arms race of who can acquire the most ETH for the sake of acquiring ETH. Our growth strategy is focused on innovation and leveraging our established digital, media and creative operations. In addition, our treasury program strengthens our balance sheet while building the potential for recurring cash flow from a rapidly evolving asset class. We are excited to report on our growing success," Kenna concluded. GameSquare's custom ETH-focused yield generation strategy is built on top of Dialectic's proprietary platform Medici, which applies machine learning models, automated optimization, and multi-layered risk controls to generate best-in-class risk-adjusted returns. Targeted onchain yields of 8-14% significantly exceed the current ETH staking benchmarks of 3-4%. Dialectic's program includes multi-layered risk management protocols that are widely recognized as the best risk adjusted yields in DeFi. Once fully implemented, GameSquare expects to allocate capital generated from this strategy to support additional ETH asset purchases or reinvest in the Company's growth initiatives. About GameSquare Holdings, (NASDAQ: GAME) is a cutting-edge media, entertainment, and technology company transforming how brands and publishers connect with Gen Z, Gen Alpha, and Millennial audiences. With a platform that spans award-winning creative services, advanced analytics, and FaZe Clan, one of the most iconic gaming organizations, we operate one of the largest gaming media networks in North America. Complementing our operating strategy, GameSquare operates a blockchain-native Ethereum treasury management program designed to generate onchain yield and enhance capital efficiency, reinforcing our commitment to building a dynamic, high-performing media company at the intersection of culture, technology, and next-generation financial innovation. To learn more, visit Forward-Looking Statements:This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the Company's future performance, revenue, growth and profitability; and the Company's ability to execute on its current and future business plans. These forward-looking statements are provided only to provide information currently available to us and are not intended to serve as and must not be relied on by any investor as, a guarantee, assurance or definitive statement of fact or probability. Forward-looking statements are necessarily based upon a number of estimates and assumptions which include, but are not limited to: the Company's ability to grow its business and being able to execute on its business plans, the success of Company's vendors and partners in their provision of services to the Company, the Company being able to recognize and capitalize on opportunities and the Company continuing to attract qualified personnel to supports its development requirements. These assumptions, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the Company's ability to achieve its objectives, the Company successfully executing its growth strategy, the ability of the Company to obtain future financings or complete offerings on acceptable terms, failure to leverage the Company's portfolio across entertainment and media platforms, dependence on the Company's key personnel and general business, economic, competitive, political and social uncertainties. These risk factors are not intended to represent a complete list of the factors that could affect the Company which are discussed in the Company's most recent MD&A. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. GameSquare assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. View original content to download multimedia: SOURCE GameSquare
