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Jetking Infotrain, India’s first publicly traded company to adopt Bitcoin, has seen its stock price surge substantially as its BTC investment strategy paid off. Reportedly, the company shares have now surged to highs last seen in 2009. Will this motivate other Indian companies to embrace BTC? Jetking’s Bitcoin Investment Bet Pays off As Stock price
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SharpLink Gaming’s shares nosedived by 70%, driven by widespread confusion over regulatory filings tied to its $425 million Ethereum treasury strategy. The sharp drop, rather than the treasury move itself, dominated financial discussions and left investors scrambling to understand the fallout.
As speculation spread about the causes behind the plunge, SharpLink chairman Joseph Lubin offered some clarifications.
SharpLink Gaming’s historic collapse caught markets off guard. While the company’s plan to make Ethereum its core treasury asset was already public knowledge, it was a regulatory S-3ASR filing that caused confusion. Many investors mistakenly believed this filing signified insider selling, not realizing it was a standard procedure following a private placement.
“The first Ethereum ‘Treasury company’ $SBET falls -75% after hours,” FinanceLancelot posted
The SEC S-3 filing involved is routine in such transactions, registering shares for potential resale but unrelated to immediate insider sales. The misunderstanding triggered panic, causing shares to tumble by more than two-thirds in a matter of hours.
SharpLink had previously made headlines with its $425 million private placement, making it the first NASDAQ-listed firm to publicly hold Ethereum as a primary reserve asset. This move set SharpLink apart from bitcoin-focused peers, sparking intense debate and rapid trading activity, but it was the misinterpretation of the latest filing—not the Ethereum strategy itself—that proved most consequential for its stock price.
The scale of the Ethereum treasury and the departure from typical Bitcoin positioning had added to market buzz, but investor reactions were ultimately shaped by regulatory misunderstanding rather than the underlying financial strategy.
Recognizing the confusion and panic gripping the market, Joseph Lubin appeared on social media to offer much-needed clarification. He stressed that neither he nor Consensys had sold any shares and explained the true purpose behind the S-3 filing, emphasizing its hypothetical and routine nature following private placements.
“Some are misinterpreting SBET’s S-3 filing: It registers shares for potential resale by prior investors. The “Shares Owned After the Offering” column is hypothetical, assuming full sale of registered shares. This is standard post-PIPE procedure in tradfi, not an indication of actual sales. To clarify, neither Consensys nor I have sold any shares,” Joseph Lubin posted
Lubin’s intervention brought greater understanding to a panicked market and underscored the need for improved financial literacy around standard regulatory protocols, especially as the worlds of crypto and traditional finance intersect. However, the positive impacts are yet to be reflected in SharpLink Gaming’s stock prices.
The post SharpLink Gaming Shares Plunge 70%, Chairman Joseph Lubin Offers Clarification appeared first on BeInCrypto.
The post Tron’s Justin Sun Tops TRUMP Leaderboard with $14.32M Investment appeared first on Coinpedia Fintech News
Justin Sun, the founder of Tron, has been rumored to be holding over $14 million worth of the $TRUMP meme coin.
An HTX cold wallet, believed to be linked to Sun’s, is currently topping the leaderboard. Since Trump announced the private dinner for the top 220 TRUMP holders, the crypto space has been exploding with activity. The token is trading at $12.09, down 0.6% in the past day.
As of April 25, 2025, Sun allegedly owns about 1,176,803 TRUMP tokens valued at around $14.3 million. Within an hour, the token’s price shot over 60% in reaction to the news yesterday.
Rumors are making the rounds that Sun might be attending the President’s exclusive gala dinner next month, and he is dropping hints that it could be true. The dinner is set to take place on May 22.
The wallet has been moving TRUMP tokens for the past three months and has only added more since the dinner was announced. It is also reasonable to believe that it could be a regular cold storage wallet used by an exchange. Since registering for the TRUMP leaderboard doesn’t risk the security of the tokens.
Last year, Sun invested $30 million in WLFI shortly after the election. Since then, the SEC has also moved to settle a civil fraud case against him.
Since Wednesday’s announcement, 27 crypto wallets have each acquired over 100,000 TRUMP coins, worth around $1 million each, to secure a spot at Trump’s May 22 gala. The biggest buyer scooped up 2 million coins for $24 million. The Trump-affiliated team also earns fees from each transaction, making $1.25 million in the past week.
Critics have expressed concerns that Trump’s meme coin could be used as a money-grab or a way to secretly gain political influence by making large investments to boost the coin’s value and over potential conflicts of interest.
The TRUMP token is a meme coin associated with Donald Trump, and holders of the top 220 amounts of the coin are invited to a private dinner at Trump National Golf Club.
The price of $TRUMP coins has surged due to the announcement of the private dinner event, with significant buying activity from crypto wallets. However, analysts warn that once the excitement fades, the coin’s price could drop, leaving late buyers at risk of losing money.
The post Tron’s Justin Sun Tops TRUMP Leaderboard with $14.32M Investment appeared first on Coinpedia Fintech News
Justin Sun, the founder of Tron, has been rumored to be holding over $14 million worth of the $TRUMP meme coin. Sun Tops The List An HTX cold wallet, believed to be linked to Sun’s, is currently topping the leaderboard. Since Trump announced the private dinner for the top 220 TRUMP holders, the crypto space …
SharpLink Gaming has doubled down on its Ethereum Treasury strategy with a significant purchase of more than 31,000 ETH.
The move reflects growing corporate interest in ETH as a reserve asset and further signals the digital asset’s shifting role in institutional portfolios.
According to blockchain data tracked by EmberCN via Arkham Intelligence, Sharplink acquired 21,487 ETH on July 12, amounting to $64.26 million.
SharpLink split the acquired ETH between two platforms, purchasing 14,693 ETH from Galaxy Digital for $43.89 million and 6,804 ETH from Coinbase Prime for $20.37 million.
This followed a separate 10,000 ETH purchase the day before, directly from the Ethereum Foundation for $25.7 million. The company’s total purchase over the two days reached 31,487 ETH.
While some observers view the Ethereum Foundation’s sale as a routine funding move, it has sparked criticism within the crypto community. Detractors described the Foundation’s offloading of ETH as a lack of faith in the digital asset.
However, the Foundation clarified that the funds will be used to support core functions. These include protocol research, community grants, and ecosystem development.
“This went to a ETH holding company; the microstrategy of ETH: basically it went to the most diamond handed buyers possible. that’s quite literally their whole thing; you may as well considered this ETH as taken out of the supply/burned,” Binji Pande, a contributor to the Foundation, further explained.
SharpLink’s latest purchase came as ETH crossed the $3,000 threshold on July 11 for the first time since February 2025.
Since June, SharpLink has accumulated around 253,000 ETH as part of its ETH Treasury strategy. The company has staked all of its holdings to help secure the network while generating yield.
According to Arkham Intelligence data, this approach has led to an unrealized profit of approximately $45 million.
The company’s Chairman and Ethereum co-founder, Joseph Lubin, emphasized that the company’s ETH accumulation is a strategic decision, not a short-term trade. He explained that SharpLink is actively acquiring ETH, staking it, and restaking it.
According to him, this approach is designed to support the long-term growth of the Ethereum network
“We see this as the start of something bigger – a model for how mission-driven organizations can work to advance our ecosystem’s shared goals of decentralization, economic empowerment and protocol-native finance,” he stated.
The post SharpLink Goes On an Ethereum Buying Spree Amid Altcoin Season Optimism appeared first on BeInCrypto.