Category: Web3

SharpLink Gaming is going heavy on Ethereum. The company just dropped a press release confirming the purchase of 12,207 ETH between June 16-20 for roughly $30.67 million, averaging $2,513 per ETH. That brings SharpLink’s total holdings to a whopping 188,478 ETH—making it the biggest public Ethereum holder to date.

To support this crypto-heavy strategy, the company also sold 2.54 million shares of its common stock, raising $27.7 million to fund more ETH buys. SharpLink’s Chairman, Joseph Lubin, called it a “forward-thinking move,” saying it reflects both belief in Ethereum’s utility and a plan to build long-term shareholder value.

The bold strategy began on June 2, when it launched its Ethereum treasury model. On June 16, it made its first major buy—176,271 ETH worth $462.9 million—and has already generated 120 ETH in rewards from staking or treasury gains. So far, the company reports an ETH-per-share growth of 18.97%.

Markets are noticing. SBET, SharpLink’s stock, jumped 10% to $10.10 on Tuesday. Many analysts believe this move mirrors previous crypto treasury strategies from companies like MicroStrategy—and could cause similar upside for it.

Meanwhile, Ethereum’s own momentum continues. ETH is up over 7% in the past 24 hours, now trading at $2,437, with volume spiking 25%, signaling growing investor interest. Whales are buying too. Wallets linked to ConsenSys, reportedly founded by Joseph Lubin himself, added another 3,704 ETH ($8.91 million) to their holdings today.

With Ethereum moving fast and institutional interest rising, SharpLink’s aggressive ETH-first strategy is drawing attention—and possibly setting a new trend for public companies in crypto.

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Three former crypto hedge fund executives—Patrick Horsman, Joshua Kruger, and Johnathan Pasch—are leading a Nasdaq-listed firm toward a $100M BNB acquisition. The company, still unnamed, will reportedly be renamed Build & Build Corporation once the deal closes later this month.

This would mark the first public company to hold BNB as its core asset, echoing MicroStrategy’s Bitcoin playbook. Binance founder Changpeng Zhao (CZ) acknowledged the news, clarifying that Binance isn’t behind it, but expressed full support. He even joked, “BNB ‘MicroStrategy’ coming to a company near you!”

The strategy of turning crypto into balance sheet assets is expanding. MicroStrategy, which now holds over 592,000 BTC, paved the way. Now, firms like Tether, SoftBank, and even Trump’s Truth Social are building reserves in various tokens. Others like SharpLink Gaming and Upexi are betting on Ethereum and Solana.

BNB, launched in 2017, remains one of the most recognized crypto assets, with a clean regulatory profile compared to other tokens. Despite Binance’s legal challenges in 2023, crypto sentiment in the U.S. has shifted more positively since, especially under former President Trump. The SEC officially ended its lawsuit against Binance in May 2025.

With ETF buzz swirling around XRP and BNB, this corporate move could be the start of something much bigger.

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No, Ripple Is Not Burning 10% of XRP—Here’s the Real Story

Rumors sparked by an X user, CryptoGeek, claimed that Ripple would burn 10% of XRP supply within 48 hours, supposedly leading to a price spike to $125.98. He referenced old chats and historic burns from 2017 to support the claim.

But here’s the truth:

🔸 XRPScan confirms that only 13.9 million tokens has ever been burned—and that’s over the entire life of the Ledger.
🔸 That burn happens automatically via small transaction fees—not through planned supply cuts.
🔸 Burning 10% would mean removing 10 billion XRP—over 700 times more than what’s been burned in total. That’s simply not realistic.

This rumor most likely came from confusion around RealFi, a token project on the Ledger that announced it would burn 10% of its own supply—not the token’s. Since the post mentioned “XRP Ledger” and “burn,” it created major FUD online.

Fact check: Ripple has no mechanism or history of burning the token on this scale. The network’s design only allows for micro-burns via usage-based fees.

Always verify before you buy into the hype.

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Tether CEO Fights Back After 16B Password Leak: Meet PearPass

In response to the largest credential breach in history—reportedly affecting platforms like Google, Meta, and Apple—Tether CEO Paolo Ardoino has introduced PearPass, a fully offline, open-source password manager. Ardoino slammed cloud security, declaring, “The cloud has failed us. Again.”

PearPass is designed to store all credentials locally on your device, eliminating the risks of centralized storage. The announcement echoes a larger movement toward decentralized, user-first security tools—a trend gaining traction as online identity theft skyrockets.

This isn’t just another password manager—PearPass signals a shift away from vulnerable cloud-based solutions. Expect a public release in the coming months, with its offline nature poised to reshape the cybersecurity space.

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