From Cointelegraph

May 31, 2025 12:39:00 AM:

US sports betting platform SharpLink Gaming filed with the SEC to offer up to $1 billion in common stock to increase its Ether treasury. The company will use the funds to acquire Ether and for general corporate purposes. After launching an Ethereum-based treasury strategy, SharpLink’s stock surged 400%.

The filing outlined risks of significant Ether purchases, including the introduction of CBDCs and Ether being labeled a security, leading to additional regulations. The community compared SharpLink to Michael Saylor for aggressive acquisitions. Ether is trading at $2,516, down 4.51% in the past 24 hours but up 39.47% in the past 30 days.

REX Shares’ new filing suggests the launch of the first Ethereum and Solana staking ETFs in the US soon. Analysts believe REX Shares used regulatory workarounds to potentially include staking in ETFs, which other providers have struggled with. Magazine: Coinbase hack shows the law probably won’t protect you.

Read more at Cointelegraph: Ethereum’s ‘own Saylor’ SharpLink Gaming plans $1B ETH purchase