Simply put
- Sharplink Gaming is planning to allocate part of its $3.6 billion in ETH holdings on the Linea Network, moving beyond traditional custodians like Anchorage and Coinbase to seek higher yields.
- Leaders of the SEC and CFTC have indicated they are exploring a 24/7 trading market.
- By shifting to AI-driven calculator services, Bitcoin Miner has reached a market cap of $39 billion, with firms like Terawulf experiencing significant growth from GPU hosting transactions.
Public keys are a weekly summary tracking major publicly available crypto companies.
Sharpening your stakes
Ethereum Treasury firm Sharplink Gaming is set to stake a portion of its $3.6 billion ETH reserve once the Linea network goes live.
The company has primarily staked its assets through Anchorage and Coinbase, but is now looking for higher revenue prospects.
“If you manage a multi-billion dollar ETH portfolio, you have the chance to utilize Linea’s staking options,” said a source. “That’s critical, not just for consensus but also for the Linea Consortium. If Sharplink can achieve better yields, we will pursue that.”
There’s considerable interest in becoming an Ethereum validator, with a waiting time of at least 16 days.Validator Queue.
Recently, an Ethereum ICO whale transferred $645 million worth of ETH to a staking wallet, though it still holds $1.1 billion in assets.
But in terms of stock value, the news about ETH staking hasn’t been favorable for Sharplink. Its stock (SBET) fell by 4%, now trading at $14.81—a nearly 20% drop since the start of the week.
What kind of opening hours?
On Friday, SEC and CFTC leaders mentioned they are open to the idea of a “24/7 market” to align with the dynamics of the digital asset market.
“Expanded trading hours would allow the U.S. market to better reflect the global economy,” stated SEC Chairman Paul Atkins and CFTC Chair Caroline Fam in a joint statement.
However, a caveat was noted: around-the-clock trading may not be suitable for every type of asset.
Should changes materialize, the Trump administration’s approach has definitely influenced financial markets.
The chair has instructed agencies to lift numerous U.S. restrictions on cryptocurrency transactions, coinciding with a report from the Trump administration last July.
Ten years after Wall Street had its own reckoning, it’s somewhat of a turn to see implications for intern work practices.
Bitcoin Miner Gets AI Boost
Analysts at JP Morgan attribute the recent record-setting market capitalization of publicly traded Bitcoin miners to AI advancements.
Total market cap has surged to $39 billion, largely due to companies pivoting toward high-performance computing.
Hashrates have decreased considerably this past year, yet the demand for GPU farms remains strong.
JP Morgan tracks 13 U.S.-registered miners, including IRIS Energy, Hut 8, Core Scientific, Marathon, and Riot, with Terawulf among them. Terawulf’s stock surged 83% due to a rise in AI hosting deals.
This isn’t just a scramble for profits; it signals a well-considered strategy, as many miners have been planning these shifts for years.
Other keys
- Strategy drops $450 million in Bitcoin: It’s not surprising the strategy is investing more in Bitcoin, particularly following a favorable rating from the benchmark.
- Return to detention: U.S. Bank has revived its Bitcoin management service, resuming after years of dormancy as custodial performance improved.
- Metaplanet shareholder crunch: Shareholders from Japan’s Bitcoin Ministry of Finance approved an $884 million capital increase as the company seeks to boost cash flow. An analyst expressed hope that the company will continue to acquire BTC, even if Bitcoin splits this month.
