Bitcoin could challenge the $120,000 to $123,218 resistance zone but crossing it may be a tough ask for the bulls.

Price predictions 8/8: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, XLM, SUI

SharpLink Gaming has announced a $200 million capital raise aimed at expanding 
its Ethereum treasury. As ETH solidifies its role as programmable money and a 
yield-bearing asset through staking, SharpLink is betting big on its long-term 
potential. The raise positions the company among a rising class of corporates 
reshaping capital strategy around blockchain-native assets. Why SharpLink Is 
Going All-In On Ethereum In an X post, SharpLink Gaming shared an update 
stating that the company has secured $200 million capital raise through a 
direct offering priced at $19.50 per share, and has been backed by four global 
institutional investors. Related Reading: SharpLink Buys the Dip and Adds 
$100M-Worth of $ETH to its Treasury as $BEST Stands to Gain According to the 
company, the capital will be strategically deployed to expand its ETH treasury 
holdings. Upon full deployment, SharpLink expects its ETH reserves to exceed 
$2 billion, placing it among the most ETH-heavy corporate treasuries globally. 
The company focuses on accumulating ETH, staking ETH to earn sustainable on- 
chain yield, and consistently growing ETH-per-share for long-term 
shareholders. Ethereum is becoming the foundational layer of global finance 
infrastructure for tokenized assets, and SharpLink is built to capture that 
upside. According to the DuRtY_Crypto post, Vitalik Buterin recently pointed 
out that ETH treasuries are increasingly valuable, not just as a store of ETH, 
but as a different vehicle for people to have access to ETH. Instead of simply 
buying ETH and holding it, investors are turning to companies that hold and 
manage ETH treasuries. DuRtY_Crypto has outlined the irony that was unseen 
between the Bankless crew, who quickly celebrated the mainstream validation. 
The PulseChain Sacrifice Wallet has skyrocketed to become the 5th-largest ETH 
holder in crypto with 171,054 ETH. Before the funds rotated into ETH, the 
wallet was already commanding attention as the largest DAI holder across all 
chains. Thus, the expert has commended Richard Heart, the controversial figure 
behind PulseChain, for executing a strategic pivot that few saw coming. 
Ethereum Activity Heats Up As Transaction Volume Nears ATH While prominent 
figures are raising capital and increasing the ETH treasury&#8217;s value, CoinW has 
also revealed that Ethereum on-chain momentum is surging again. According to 
data from Etherscan, the network processed 1.87 million transactions on Aug 
6th, nearing its all-time high of 1.96 million, which was set back in January 
2024. Related Reading: Ethereum Bears Dominate Market Orders: -$418.8M Daily 
Net Taker Volume Signals Trouble Meanwhile, the validator queue data shows the 
ETH pOs exit queue has dropped significantly to 443,164 ETH, worth roughly 
$1.612 billion. Following the decline, the average exit wait time now sits at 
7 days and 17 hours. With UK regulators officially lifting the ban on crypto 
exchange-traded notes (cETNs) for retail investors, as reported by CoinW, 
Ethereum’s performance may experience notable growth. This move signals a 
major policy shift toward embracing digital asset markets. Furthermore, it 
will allow individuals to engage in these risk-bearing financial products at 
their discretion, a move seen as aligning the UK more closely with the global 
crypto market. Featured image from Getty Images, chart from Tradingview.com

SharpLink Bets Big On Ethereum: $200M Raised To Deepen ETH Exposure

REX Shares and Tuttle Capital Management are teaming up to offer a new 2x 
leveraged exchange-traded fund tracking the shares of digital asset and data 
center infrastructure firm Galaxy Digital. REX Shares, an alternative strategy 
exchange-traded funds and notes platform…

REX Shares and Tuttle Capital launch first 2x leveraged ETF tracking Galaxy Digital

Four state-level lawsuits against three celebrities and individuals tied to 
the EMAX token may proceed after a California judge’s ruling.

EthereumMax investors secure partial win in class-action lawsuit

Hyperliquid has rallied into a high-confluence resistance zone around $42.24. 
Whether this level holds or breaks will define the trend direction for the 
days and weeks ahead. Hyperliquid (HYPER) is now facing a pivotal moment as it 
tests a multi-confluence…

Hyperliquid tests critical resistance at $42.24 as trend decision nears

Coinbase is erasing the divide between centralized convenience and 
decentralized freedom. Its new in-app DEX trading feature allows select U.S. 
users to swap Base-native tokens instantly, merging the speed of centralized 
exchanges with the vastness of DeFi’s asset pool. In…