Latest news with #EthereumETH
Yahoo
29-05-2025
- Business
- Yahoo
Pantera Reveals Its Bets on Stocks That Adopted ‘Digital Asset Treasury' Strategy
Crypto investment firm Pantera Capital revealed a series of concentrated bets on a growing class of publicly-traded companies holding large digital asset reserves on Thursday. Among Pantera's portfolio is Twenty One Capital (CEP), a Bitcoin-focused treasury firm led by Jack Mallers and backed by Tether, Softbank and Cantor Fitzgerald, according to a note by general partner Cosmo Jiang. The firm also disclosed it is an early backer of DeFi Development Corp (DFDV), which applies the model to Solana SOL, and Sharplink Gaming (SBET), the Ethereum ETH treasury play supported by Ethereum software firm ConsenSys, per the note. This investment push signals Pantera's broader belief that traditional financial structures are increasingly viable pathways into digital assets, even as spot-based exchange-traded funds (ETF) and other regulated products expand. These firms —what Pantera calls Digital Asset Treasury companies, or DATs — seek to offer crypto exposure to equity market investors without requiring direct ownership of tokens, a play spearheaded by Michael Saylor's Strategy (MSTR). These stocks unlock crypto access for investors still wary of managing wallets or trading on crypto exchanges, Jiang argued. The companies function as closed-end funds on public markets, potentially limiting supply of the underlying assets — Bitcoin, Solana or Ethereum — and affecting price dynamics over time, he said. The note argued that under the right conditions — market volatility, financial engineering, and smart management — these companies can grow their token-per-share metrics faster than the tokens themselves appreciate, potentially offering more upside than direct crypto purchases. However, as the market is getting increasingly saturated with these offerings, a few analysts raised concerns about the long-term upside of these stocks: MSTR, for example, underperformed while bitcoin rose to fresh record highs this month, 10x Research 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
Yahoo
27-05-2025
- Business
- Yahoo
SharpLink Gaming Soars 400% as Joseph Lubin's Consensys Leads $425M Funding for ETH Treasury Strategy
Shares of sports marketing company SharpLink (SBET) rose 412% on Tuesday after it announced plans to create an Ethereum ETH treasury reserve strategy with involvement from the blockchain's own co-founder, Joseph Lubin. The Minneapolis-based firm, founded in 1995, is currently trading at $34.45, up from $7 Friday, with a market cap now of $23 million. The company is raising roughly $425 million though a private investment in public equity (PIPE) offering. The proceeds will be used to buy ether, which will then serve as the primary treasury reserve asset. Ethereum software developer Consensys, which was also co-founded by Lubin, was the lead investor with further participation by Pantera Capital, Galaxy Digital, and Ondo, among smaller names. The offering is expected to close on May 29th, according to the release. Lubin will become chairman of the board of directors upon the closing. SharpLink joins an increasing number of microcap companies trying to mimic the success of Strategy (MSTR), the first company to adopt a bitcoin BTC treasury strategy, resulting in an over 3,000% increase of its share price over the past five years. Along those lines, Trump Media & Technology Group (DJT) Tuesday morning announced a $2.5 billion capital raise to begin a bitcoin treasury 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
Yahoo
27-05-2025
- Business
- Yahoo
Ethereum Surges 4% on Massive Volume as Institutional Interest Grows
Ethereum ETH has staged an impressive recovery in the past 24 hours, climbing 3.8% amid significant market volatility. The second-largest cryptocurrency found solid support at $2,530, where exceptional trading volume (242,521 ETH) created a clear bottoming pattern. This was followed by a decisive breakout during the early trading hours, supported by massive volume surges exceeding 550,000 ETH that pushed prices above key resistance levels. The recent price action confirms a short-term trend reversal, with ETH now trading above $2,575 after establishing new local highs. Institutional interest remains robust, with spot Ethereum ETFs recording $248 million in total net inflows over the past week, suggesting growing confidence from larger investors despite relatively subdued retail participation. Market analysts point to the $2,800 level as a critical resistance zone where many investors who previously bought at that level may look to exit at break-even. However, with ETH breaking out of its recent consolidation pattern and the broader crypto market showing signs of strength, bulls are now targeting the $2,650-$2,745 range as the next significant hurdle. A clear bottoming pattern formed during the 01:00 hour with exceptionally high volume (242,521 ETH), establishing strong volume support. A decisive breakout occurred during the 06:00-07:00 hours with massive volume surges (553,348 ETH and 221,502 ETH respectively). The price action showed three distinct phases: initial consolidation (07:04-07:29), powerful breakout (07:30-07:32) with high volume spikes exceeding 7,000 ETH per minute, and sustained uptrend. The $2,600 level is now established as a new support zone with momentum indicators suggesting potential for further upside toward $2,650. High-volume support at $2,530 now serves as a critical floor for any retracements. This technical analysis was conducted according to CoinDesk s research model analysing CoinDesk Data Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI References Bitcoin Sistemi, Ethereum (ETH) Continues Bullish Momentum – What's Next? Here Are the Details, published May 26, 2025. CryptoPotato, Interesting Ethereum (ETH) Price Predictions as of Late, published May 26, 2025. CryptoPotato, Ethereum's (ETH) Quiet Rally – Where Are the Retail Investors?, published May 26, 2025. NewsBTC, Ethereum Above $2,500 – Here's Why Analysts Think $3,000 May Be Next, published May 27, 2025. CoinEdition, Ethereum Price Prediction for May 28, published May 27, 2025.
Yahoo
13-05-2025
- Business
- Yahoo
Asset Manager VanEck Joins Tokenization Race With U.S. Treasury Fund Token
Asset manager VanEck launched its first tokenized fund, joining a roster of institutions entering the race to bring assets on-chain with tokenziation. The VanEck Treasury Fund (VBILL), developed with tokenization specialist Securitize, offers on-chain access to short-term U.S. Treasury debt and is available on the Avalanche AVAX, BNB Chain BNB, Ethereum ETH and Solana SOL networks, according to a Tuesday press release. "By bringing U.S. Treasuries on-chain, we are providing investors with a secure, transparent, and liquid tool for cash management, further integrating digital assets into mainstream financial markets,' Kyle DaCruz, director of digital assets product at VanEck, said in a statement. "Tokenized funds like VBILL are enhancing market liquidity and efficiency, underscoring our commitment to providing value to our investors." VanEck, which also issues spot bitcoin BTC and ether ETH ETFs, follows the footsteps of BlackRock, Franklin Templeton and other traditional finance firms launching tokenized products. Tokenization is the process of placing instruments like bonds, credit, commodities, real estate on blockchain rails in token form to achieve faster settlements, cheaper transactions and operational efficiencies. Tokenization of U.S. Treasuries, a traditional reserve asset, has been at the forefront of these efforts. It's a nearly $7 billion market now, growing over 500% over the past year, per data. VBILL is accessible to qualified investors with a minimum investment of $100,000 on most blockchains, with $1 million minimum subscription on Ethereum. The fund's assets are held by State Street and priced daily using data from RedStone's oracle service. The token supports around-the clock onramp with Circle's USDC stablecoin. It also offers atomic liquidity with Agora's AUSD stablecoin, meaning that VBILL tokens can be redeemed for AUSD in a single transaction via smart contract. Agora is a stablecoin startup helmed by Nick van Eck, the grandson of the founder of VanEck.
