In the five days leading up to July 14, SharpLink Gaming purchased a total of 60,582 ETH worth approximately $180 million. The firm’s stock reacted positively to the news, increasing by more than 17% in the past 24 hours. The Latest $49M Buy According to an X post by blockchain analytics platform Lookonchain, the company bought 16,374 ETH on July 14, amounting to around $49.03 million. This brings its total reserve to 270,000 ETH, making it the largest publicly traded ETH treasury holder. SharpLink Gaming has steadily increased its stash over the past two months. Starting with its initial transaction on May 26, the firm accumulated 176,271 ETH by mid-June, partly funded by $79 million raised through its ATM equity program. Later that month, it added 7,689 ETH worth $19.2 million, followed by another 10,000 ETH acquired in early July from the Ethereum Foundation for $25.7 million. Commenting on the EF transaction, SharpLink Chairman Joseph Lubin said : “At a time when Ethereum is entering a new era of institutional relevance, we are proud to support the network’s long-term strength and decentralization mission.” All ETH the company holds is used in staking and restaking protocols to earn on-chain yield. Between June 28 and July 4, it earned approximately 100 ETH through staking rewards, contributing to a total yield of around 322 tokens since the start of the program. The Minneapolis-based firm uses a performance metric called ETH concentration that calculates the amount of the cryptocurrency held per 1,000 diluted shares. This figure has risen from 2.00 to 2.37 ETH in just three weeks, representing a 19% increase. SharpLink Stock Jumps 17% SharpLink’s stock, listed as SBET on the NASDAQ, has moved upward following the latest development. Google Finance data shows that the shares closed at $21.65 on July 14 and are up 17.15% in the last 24 hours. A growing number of publicly listed firms are shifting their treasury strategies toward Ethereum. One such example is GameSquare, which recently announced plans to build a $100 million ETH stockpile, aiming for returns between 8% and 14% through a partnership with Dialectic. Another organization, Bitmine, has rolled out an even larger strategy, committing $250 million to building its reserves. Bit Digital also joined the trend, transitioning its entire treasury into ETH and accumulating over 100,000 tokens following the sale of its Bitcoin holdings and a $172 million capital raise. The post SharpLink Loads Up on $180M Worth of ETH in 5 Days appeared first on CryptoPotato .

2025-07-15 01:24

As the largest cryptocurrency heads into uncharted territory, the South Asian Monarchy seems to be preparing to capitalize on the gains made over the past several days. The country has experienced stable economic growth over the years and has also become one of the few nations to include digital assets in its government holdings. A Series of Transfers The recent outflows were identified by the on-chain analysis firm, Arkham, with the total amount exceeding $170 million and spanning over four days. The Royal Government began by transferring some of its holdings to Binance on Thursday, with a transaction valued at $37,800. Earlier today, though, the authorities sent another $113.9 million worth of BTC. This still leaves over 11K BTC left in the wallet held by Druk Holdings, the commercial and investment arm of the Government of Bhutan, worth over $1.280 billion as per the most recent prices. Even if they sell the bitcoins they moved, the country will still be ranked 5th in the world for holdings, positioned between Ukraine’s stash of over 46,000 BTC and above El Salvador’s over 6,000, as per data from BitBo. This is not the first time the landlocked country has employed this strategy, as during last year’s rally , it moved roughly $60 million worth of BTC when the price was around $70,000 per unit. The Country’s Treasury Growth The kingdom has quietly been accumulating the leading asset for some time now, possibly even earlier than 2017, as previously reported . According to government sources, they began mining the asset when the price was roughly $5,000 by utilizing their vast, natural hydroelectric resources. The country also holds approximately $2 million worth of ETH in today’s prices and plans to include other assets in its treasury. CryptoPotato previously covered how the country created a Special Administration Region – Gelephu Mindfulness City (GMC), with plans for a strategic reserve of BTC, Ethereum (ETH), and Binance Coin (BNB). “The purpose of establishing this SAR is to create a vibrant economic hub by providing a conducive business environment and compelling incentives. It will be a Mindfulness City, encompassing conscious and sustainable businesses, inspired by Buddhist spiritual heritage, and distinguished by the uniqueness of the Bhutanese identity”, part of the King’s royal address to the nation in 2023. The aim is to establish a clean technology innovation hub by attracting global investment to stimulate economic growth. The post Bhutan Dumps Bitcoin? $173M Sent to Binance in Days appeared first on CryptoPotato .

2025-07-14 23:17

Crypto markets are bracing for a potential volatility spike as over $1.57 billion worth of tokens are scheduled to unlock between July 14 and July 21, per data from Tokenomist. Official Trump (TRUMP) and Solana (SOL) lead the wave, with major cliff and linear unlocks that could reshape price dynamics and investor sentiment across the board. One-Time Releases According to the Tokenomist website, the TRUMP team will release 90 million coins worth approximately $865.8 million, representing over 45% of the circulating supply. While these events are often pre-programmed, their market impact depends on investor behavior, specifically whether holders choose to sell, hold, or stake their tokens. At the time of this writing, TRUMP was up 13.9% in the last seven days and 9.4% over two weeks, to trade at $9.82 with a circulating market cap nearing $2 billion. The token has rebounded from a recent low of $8.47 and sits just below its weekly high of $10.33, reflecting strong demand ahead of the unlock. Other large cliff unlocks include $145.8 million worth of Connex (CONX) and 20 million Fasttoken (FTN), valued at just under $90 million. Elsewhere, LayerZero will sell about 25 million of its native cryptocurrency, ZRO, for $56 million, while Arbitrum is scheduled to unlock $38.8 million worth of ARB at once. TRUMP’s sister meme coin, Melania, is also expected to offload more than 26 million units for a relatively modest $5.31 million payday. Daily Unlocks Meanwhile, Solana (SOL) will experience a more gradual linear unlock. Roughly 465,770 SOL, making up less than 0.1% of its total supply, and worth about $75.88 million, will be released throughout the week. The asset is entering this phase on firm footing, boasting a 10.9% gain over the past week to trade near $167.53. This double-figure uptick extends across longer periods, with the world’s sixth-largest cryptocurrency by market cap gaining 11% over a fortnight and 14.5% in the last month to reflect broader positive sentiment that could cushion the impact of the daily unlocks. There will be another 98 projects putting their tokens into the market daily for the next seven days. Ones to watch include Worldcoin’s $37.23 million worth of WLD and Bittensor’s release of 50,400 of its TAO cryptocurrency with a price tag of about $20 million. The OG meme crypto, Dogecoin (DOGE), is also set to unlock another 0.06% of its circulating supply, consisting of 94.49 million units valued at just over $19 million. The post TRUMP Meme Coin Leads This Week’s $1.57B Token Unlock Wave appeared first on CryptoPotato .

2025-07-14 21:44

Tensions in the crypto sector escalated over the weekend following allegations that Coinbase was the unnamed source behind a Bloomberg report scrutinizing Donald Trump’s crypto project, World Liberty Financial, and Binance. Coinbase exec, however, has denied the allegations. Allegations Stir Crypto Rivalries Crypto commentator Matt Wallace claimed on X that Coinbase executives were concerned that a potential pardon for Binance’s former CEO Changpeng ‘CZ’ Zhao could clear the way for his return. He alleged they attempted to undermine the crypto exchange out of fear that its re-entry into the US market would threaten Coinbase’s market share. Wallace described Coinbase’s alleged targeting of Trump as “anti-American,” and added that the company’s leadership viewed Binance’s legal return as a direct threat to their business. The post was later reshared by Zhao, who neither confirmed nor denied the claims but indicated that he may consider legal action against Bloomberg for defamation. Bloomberg’s report had detailed Binance’s involvement in creating the smart contract for USD1, a stablecoin issued by World Liberty Financial, while linking Zhao to a request for a presidential pardon shortly after the token featured in a multibillion-dollar UAE investment deal with Binance. The report further stated that a significant share of USD1 tokens remains in Binance wallets, which suggests potential interest earnings for the exchange. Coinbase’s chief legal officer, Paul Grewal, responded directly to Wallace’s accusations on X and called them “pure misinformation.” He also asserted that Coinbase had no involvement in providing information to Bloomberg. “We don’t attack competitors, and we welcome any businesses that share our goal of growing the crypto pie. You should keep looking for an actual source.” “Standard Collaboration, Not Corruption” The episode has drawn significant attention from industry players. Blockchain advisor Anndy Lian also criticized Bloomberg’s report on Binance and Trump. In a post on X, Lian noted the article relied on anonymous sources without concrete evidence of payments or explicit coordination between Trump and CZ. He argued the piece exploited a national tragedy for political narratives and lacked a factual basis. He also added that the crypto exchange’s activities align with industry norms and that no direct evidence links Trump’s business interests to policy decisions. CZ had stepped down as Binance’s CEO last year following legal settlements with US authorities, and has kept a relatively low profile ever since. In May, CZ confirmed applying for a presidential pardon from Trump after reports linked him to such efforts. Citing Trump’s past BitMEX pardons, the Binance co-founder said that he’s the only person jailed solely for a BSA violation. Despite seeking clemency, CZ said that he won’t return to Binance leadership. The post Coinbase Denies Bombshell Claim it Fueled Trump-Binance Hit Piece appeared first on CryptoPotato .

2025-07-14 20:07

Bitcoin’s impressive price surge over the past several days came to a halt hours ago after US President Donald Trump threatened Russia with “very severe tariffs” if it fails to reach a peace deal with Ukraine within 50 days. According to some reports, the POTUS plans to sell US weapons to European countries, who will later transfer them to Ukraine. Trump, who promised to end the war in Eastern Europe immediately after becoming president during his election campaign, has had a rather rocky relationship with Ukraine’s Zelenskyy ever since he reentered the White House in January 2025. However, his most recent actions have showcased a tougher approach against Russia and its allies: “We’re going to be doing very severe tariffs if we don’t have a deal in 50 days,” Trump said. “Tariffs at about 100% you’d call them secondary tariffs. You know what that means.” Citing a White House official, CNN reported that these secondary tariffs meant 100% taxation against Russia and further sanctions on countries that buy oil from the world’s largest nation by landmass. Trump’s tariff threats in the past several months have harmed the cryptocurrency market, with the most evident example taking place in April when bitcoin plunged below $75,000 to mark a five-month low. However, their impact seems muted lately as BTC remained unshaken during the weekend when the POTUS said the EU and Mexico will face 30% sanctions starting from August 1. However, today’s threats impacted the primary digital asset, which dropped below $120,000 after marking a new all-time high above $123,000 earlier. BTCUSD. Source: TradingView If you want to read more about the potential reasons that fueled BTC’s massive $15,000 surge within less than a week, you can check this article . However, there are certain warnings about its short-term price direction, which can be seen here . The post Bitcoin Dips Under $120K After Trump’s 50-Day Ultimatum to Russia appeared first on CryptoPotato .

2025-07-14 19:46

TL;DR Some metrics signal that the BTC may be overheated and due for a short-term correction. Among the bearish signals is the recent behavior of the miners, who have sold over 3,000 BTC in less than a week. Can the Bears Regain Control? Bitcoin (BTC) took center stage today (July 14), with its price reaching a historic peak of over $123,000. Its market capitalization exceeded $2.4 trillion, thus flipping Amazon and becoming the fifth-largest asset in the world. The rally has undoubtedly infused a huge enthusiasm across the crypto community, and many expect the bull run to continue in the following days and weeks. However, investors should also be cautious, as there are some important factors suggesting that BTC could reverse its trajectory soon. One such element is the Relative Strength Index (RSI), which has entered bearish territory at around 75. This indicates the valuation has risen too quickly over a short period and may be poised for a correction. BTC RSI, Source: CryptoWaves Next on the list is BTC’s exchange netflow . The graph below shows that in the last four days, inflows have surpassed outflows, which usually leads to increased selling pressure. BTC Exchange Netflow, Source: CryptoQuant We now shift attention toward BTC’s Fear and Greed Index, which has remained in Greed or Extreme Greed territory since the end of June. BTC Fear and Greed, Source: alternative.me This reflects rising optimism and growing demand for the asset, though it’s worth remembering that the crypto market is notoriously unpredictable, and the prices often move against the crowd’s expectations. Bonus: the Miners Another bearish factor is the recent activity of the miners. The popular X user Ali Martinez revealed that those industry participants have offloaded over 3,000 BTC in less than a week. Miners have sold over 3,000 Bitcoin $BTC since Thursday! pic.twitter.com/8Y0rLAW0I5 — Ali (@ali_charts) July 14, 2025 Sell-offs of that type could reflect a lack of confidence by the miners or their desire to take profits during the price pump. Either way, this leads to increased supply on the open market, which might be followed by a dip if demand doesn’t react accordingly. This demand, though, has been more than evident in the past few weeks. As reported yesterday, even smaller investors, such as those referred to as “shrimps,” “crabs,” and “fish,” have been accumulating more BTC per month than the average production by all miners. The post Is Bitcoin’s Rally at Risk? 4 Warning Signs After the ATH appeared first on CryptoPotato .

2025-07-14 18:50

A high-stakes crypto trader going by the handle @qwatio on X has suffered one of the most dramatic liquidations in recent memory, losing $334 million in under three hours as Bitcoin (BTC) rocketed to a new all-time high (ATH) on Monday morning. The sudden uptick caught many short sellers off guard, but none more spectacularly than this whale, whose aggressive, leveraged bets on BTC, Ethereum (ETH), and Fartcoin (FARTCOIN) imploded in real time. A Gambler’s Downfall The trader, operating from the wallet address 0x916E and tracked by Lookonchain, had aggressively bet against the market’s upward momentum. According to posts from the analytics platform, his run of bad luck began days earlier when an initial short position backfired, incinerating $16.28 million in USDC. Undeterred, the gambler returned with a fresh $10 million top-up, seemingly determined to win it all back. He went on to short 1,273 BTC, worth approximately $150 million, at a risky 40x leverage, while also doubling down on 33,743 ETH valued at about $99.8 million using 25x leverage. This desperate recovery attempt lasted less than 48 hours. At the time, Bitcoin hovered around $119,000 and appeared ripe for a pullback. But instead of a reversal, the market accelerated upward, and @qwatio’s new positions imploded: 458 BTC ($55 million), 12,147 ETH ($36.55 million), and 5.4 million FARTCOIN ($7.33 million) vanished in liquidation flames. Rather than retreat after being licked twice in quick succession, the punter tripled down, only to get kicked in the teeth one more time. His massive short positions, including 1,743 BTC valued at $211 million, 33,743 ETH worth just north of $102 million, and 15 million FARTCOIN priced at $20.6 million, were washed down the drain, bringing his total losses across the three brutal episodes to $25.84 million. Whiplash Market Claims Multiple Victims The trader was not alone in his suffering, with Bitcoin’s 15% weekly surge past $123,000 triggering industry-wide carnage that saw liquidations exceeding $730 million. However, while the likes of hedge fund Abraxas Capital watched $107 million evaporate from short hedges on Hyperliquid against BTC, ETH, and SOL holdings, the same volatility salvaged others. Pseudonymous trader AguilaTrades miraculously erased a $35 million deficit through a perfectly timed 3,000 BTC long, turning it into a $2.3 million profit as Bitcoin found a new peak. According to market watchers like Redstone COO Marcin Kazmierczak, the rally reflects bullish momentum driven by Trump’s newly announced 30% tariffs on the EU and Mexico, combined with institutional demand from ETF inflows. BTC was not alone in its stellar performance, with ETH reclaiming the $3,000 mark, and XRP nearing $3, as the total crypto market cap swelled past $3.9 trillion. The post Market U-Turn Leaves Crypto Gambler $334M Poorer in 3-Hour Crash appeared first on CryptoPotato .

2025-07-14 17:36

The burn incident transpired just one day after the token launchpad’s ICO. A Costly Mishap The blockchain analytics resource, Lookonchain, posted on the social media platform X, showcasing how a user lost $75,000 worth of PUMP tokens by carrying out a routine operation in their wallet. The 10 million coins were removed either by a specific wallet functionality or a separate tool that filters unwanted airdrops. By sending the tokens to the incorrect address, this investor effectively destroyed, i.e., burned the stash, which is now irretrievable. This action is typically taken to reduce supply and act as a deflationary mechanism; however, in the case of wallet address “4X43Dm,” it was likely an accidental, costly mistake. An unwritten rule in the cryptocurrency world is always to double-check the address to which you are sending funds, as there are numerous examples of losses amounting to hundreds, if not millions, of unrecoverable funds. Pump.fun’s Token Sale The Solana-based meme coin launchpad’s Initial Coin Offering (ICO) sold $500 million worth of PUMP, valued at $0.0040 each, in just 12 minutes. According to their official post on X, the platform announced that the token would have a maximum supply of 1 trillion, but some discrepancies arose once the sales event concluded. In total, 33% was intended for the ICO, 20% for the development team, and 24% for the community and other initiatives. In addition, 13% of the funds were allocated to early investors, with the remaining funds distributed among the ecosystem, liquidity fund, and live streams. As CryptoPotato reported , some controversies unfolded after the sale concluded, as the platform’s initial statement did not quite align with the final result. Moreover, that wasn’t the only hurdle they had to overcome before proceeding with the official ICO. The post 10,000,000 PUMP Tokens Mistakenly Deleted by User: The $75K Error appeared first on CryptoPotato .

2025-07-14 17:12

TL;DR Whale sells $3.96M in TRUMP tokens at a loss as Bitcoin hits $123K and altcoins rise. TRUMP trades near $9.80 with tightening Bollinger Bands and early signs of bullish momentum. Founders to unlock $880M in TRUMP tokens on July 18, raising supply concerns among traders. Whale Wallet Takes Major Loss on TRUMP Sale A large wallet identified as CrUYR1 has sold 407,427 TRUMP tokens, valued at $3.96 million. According to Lookonchain, the wallet had purchased the coins five months ago and exited the position with a loss of approximately $1.37 million. Whale CrUYR1 sold 407,427 $TRUMP ($3.96M) that they bought 5 months ago—taking a $1.37M loss. https://t.co/GL9f2tkypz pic.twitter.com/ZZ4oSZP3xq — Lookonchain (@lookonchain) July 14, 2025 Meanwhile, this move comes during a period of price recovery for TRUMP. The token was trading at $9.80 at press time, showing a 13% gain over the past week. Nonetheless, the asset is still much lower than the ATH of $73.43, which is nearly an 87% decrease. This upward movement of the token is accompanied by a new ATH of Bitcoin (BTC) to $123,000, which has brought gains to most altcoins. Technical Indicators Show Tight Price Range Looking at the chart, TRUMP has been consolidating within a narrow price range of $8 to $10. Bollinger Bands have tightened, with the upper band at $9.94 and the lower band at $8.16, reflecting reduced volatility in recent sessions. Source: TradingView The price is close to its upper band and above the 20-day moving average at $9.05. The MACD line has also advanced above the signal and zero lines, indicating positive short-term momentum. However, a confirmed trend change has yet to occur. Token Unlock Set for July 18 Raises Market Questions Tokenomics data from Tokenomist shows that TRUMP’s founding team is scheduled to unlock 90 million tokens on July 18. This is nearly 45% of the total circulating supply and is worth $880 million. Source: Tokenomist The unlock is part of a broader wave of insider token releases in the altcoin market, which is expected to exceed $1.1 billion this week. These scheduled unlocks may introduce additional selling pressure unless demand increases. The TRUMP token will soon be supported on the Tron blockchain. Tron DAO confirmed the move, which could bring the token into a wider network and potentially increase its use across platforms. Major exchanges such as Coinbase were swift to list the token early this year. While Coinbase typically conducts extended reviews, the listing process for TRUMP was completed in one day. The post Whale Sells $407K TRUMP, Loses $1.37M in Exit appeared first on CryptoPotato .

2025-07-14 16:51