On May 30, 2025, Sharplink Gaming, a top technology company, took a big step with a $1 billion shelf registration. The SEC filing reveals that the company aims to purchase Ethereum with the proceeds which is a new approach for its treasury strategy. Sharplink Gaming Boosts Blockchain Strategy with $1 Billion Ether Treasury Shift This company is reinforcing its blockchain plans by purchasing another $1 billion worth of Ether after purchasing $425 million of the digital asset earlier this week. The company’s push to use blockchain and digital assets in iGaming is becoming stronger. As a result of this registration, it can issue shares like common stock and preferred shares and other securities at any time as needed. The company has $1 billion worth of “at-the-market” agreements with Alliance Global Partners (AGP) to sell stock as required. Both sides can spend the funds immediately, after agreeing to the terms in… Read More at Coingape.com
Michael Saylor, co-founder of Strategy (formerly MicroStrategy), has once again dropped a cryptic hint suggesting that his firm may soon add more Bitcoin to its already massive holdings.
In a June 22 post on X, Saylor shared a chart of Bitcoin’s performance, paired with the phrase, “Nothing Stops This Orange.”
Saylor Predicts Bitcoin Could Hit $21 Million in Two Decades
This has resulted in the firm holding around 592,100 BTC, valued at over $60 billion. Strategy’s BTC reserve represents approximately 2.8% of Bitcoin’s total supply and makes it the world’s largest corporate holder of the asset.
Meanwhile, Saylor’s confidence in Bitcoin shows no signs of fading despite his firm’s substantial holding. The Bitcoin bull recently predicted that the top crypto could hit $21 million in price within the next 21 years.
Prominent investor Jim Chanos, best known for his bearish calls on companies like Enron, has publicly challenged Saylor’s claims regarding the firm’s use of debt.
In a video clip shared online, Saylor defended his strategy by saying that the company’s debt is “convertible,” “unsecured,” and “no recourse.” The Bitcoin bull also suggested that the top crypto’s value could fall 90% without impacting his firm’s repayment obligations.
Michael Saylor says, “It’s not debt, it’s convertible debt. Bitcoin could go from $100K to $1K, the debt is not going to get called, there is no recourse.” pic.twitter.com/Qc6L0vV6Hf
However, Chanos disagreed strongly with this view, saying Strategy remains liable if the debt hasn’t converted to equity by maturity.
“There is of course recourse to Strategy if the convertible debt has not converted to equity, when due. How does he not know this?,” the investor questioned.
His criticism implies that Saylor may be overstating the safety of the firm’s debt position.
This dual position highlights a growing view among some investors that while Bitcoin may thrive, Saylor’s aggressive corporate strategy could carry hidden risks.
Ethereum (ETH) continues to trade below $2,000 for the fourth consecutive day as the cryptocurrency faces a record selling spree. The outlook for ETH is unlikely to change anytime soon, as indicated by the Net Taker Volume on-chain metric. So, expecting an Ethereum price bounce here, especially if Bitcoin (BTC) continues to trend lower, is highly unlikely.
Ethereum Price Today
Ethereum price today is down 1.71% and currently trades at $1,931. ETH’s year-to-date performance stands at -42%, showing that the lackluster and bearish price action of 2024 has spilled over to 2025. The upcoming staking approval from the US Securities and Exchange Commission (SEC) could be a catalyst that could trigger an uptrend, provided the overall crypto market outlook remains bullish.
Taker Volume Notes Record Selling Spree
According to CryptoQuant data compiled by Maartunn, the 30-day average of Net Taker Volume continues to drop, illustrating investors’ bearish outlook on Ethereum. This outlook also explains ETH’s 2025 YTD performance.
Taker volume refers to the trading volume generated by “takers,” market participants who execute orders immediately by taking liquidity from the order book via market orders instead of limit orders.
Ethereum Taker Volume 30D MA
Typically, a massive downtick in the taker volume indicator often coincides with potential bottoms that lead to quick, short-term reversals. However, this outlook is possible if the Bitcoin price and the macroeconomic conditions stop being bearish.
Should You Buy ETH Here?
According to AlphaExtract’s Global Liquidity Bands, ETH price has tagged the lower band, flashing a buy signal. The last time this indicator flashed a buy signal was in August 2024, which was followed by a four-month consolidation, followed by a parabolic rally to $4,000.
ETH Buy Signal
Will history rhyme? Should you buy ETH here? The chances of a potential rebound and bullish Ethereum price forecast here are good, but a better probability would be when Bitcoin price forms a stable bottom and stops crashing.
Key Support and Resistance Levels to Watch
Based on the weekly chart, the breakdown of the $2,000 to $2,200 support level has flipped it into a resistance zone. ETH price has already retested the $1,756 support level, a breakdown of which could lead to a revisit of $1,633, which has not been tagged since October 2023. In some cases, ETH’s value could also revisit $1,500.
On the other hand, a flip of $2,000 resistance level would allow ETH price to revisit $2,600, $2,768 and $3,000 blockades, all of which need to be overcome for a sustained uptrend.
ETH/USDT 1-week chart
Ethereum’s current outlook remains bearish, with on-chain metrics suggesting a continued downtrend, but a potential buy signal has been flashed, offering a glimmer of hope for a rebound.
BANXA, a leading global payment platform, has officially received KYB approval, marking a significant milestone for Pi Network’s push toward regulated, mainstream adoption. With this approval, Pi can now be legally purchased in over 100 countries, facilitating a smoother transition to global accessibility.
BANXA’s KYB approval enhances its credibility and compliance, enabling Pi users to directly buy Pi with fiat currencies within the Pi wallet, even before the mainnet launch. This approval allows the platform to onboard businesses more efficiently, reduce fraud risks, and meet regulatory requirements, promoting trust among institutional clients and partners.
Pi Can Now Be Bought Legally in Over 100 Countries
BANXA’s KYB approval allows Pi to be legally purchased with fiat in over 100 countries, offering a secure alternative to the risky P2P deals previously relied on by Pi users. This approval expands Pi’s accessibility to a global audience, allowing more people to easily acquire and trade Pi tokens.
Dr Altcoin predicts that top platforms like BitMart and HTX may soon gain KYB approval. If this happens, it will increase Pi’s legitimacy and compliance, potentially paving the way for Pi listings on these platforms, boosting its liquidity and credibility within the crypto landscape.
Pi Coin Price Analysis
In February 2025, Pi’s price rose dramatically by 2,854.62%, from $0.0987 to $2.8107. However, by late February, it dropped by 79.14%, and the market has since experienced high volatility. Over the last 30 days, the Pi market declined by 44.9%, with a 1.9% drop in the last seven days. Despite this, March and April showed a more stable trend compared to earlier months.
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The post Pi Network’s Global Expansion Fueled by BANXA’s KYB Approval appeared first on Coinpedia Fintech News
BANXA, a leading global payment platform, has officially received KYB approval, marking a significant milestone for Pi Network’s push toward regulated, mainstream adoption. With this approval, Pi can now be legally purchased in over 100 countries, facilitating a smoother transition to global accessibility. BANXA’s KYB approval enhances its credibility and compliance, enabling Pi users to …
