Crypto Lender Figure Files for IPO, Plans to List as FIGR on Nasdaq

SharpLink Gaming, a major Ethereum treasury firm, plans to stake a portion of its $3.6 billion ETH on the Linea network for higher yields. The company previously staked through custodians but now eyes Linea for better opportunities, as interest in staking and becoming Ethereum validators grows.

SOL Strategies, a publicly traded Solana treasury and infrastructure company, is set to list its common shares on the Nasdaq Exchange with the ticker STKE on September 9. The firm aims to attract institutional investors and accelerate growth in its Solana validator operations.

Hyperliquid has initiated a proposal for teams to create a USDH stablecoin aligned with their network. However, an existing stablecoin protocol, Hyperstable, has raised concerns over the fairness of the process. Discord discussions are ongoing regarding the selection of the best team to build the stablecoin.

Sora Ventures plans to raise $1 billion to boost Bitcoin treasuries in Asia, starting with $200 million from partners. The fund aims to accumulate an additional $800 million for BTC over the next six months, acting as a central pool of institutional capital.

An Ethereum whale, who acquired one million ETH during the 2015 ICO, recently transferred $645 million to a staking service from three wallets. Despite this movement, the whale still holds $1.1 billion worth of ETH, reflecting investor optimism in Ethereum's future.

Ethereum revolutionized the blockchain industry with smart contracts, DAOs, NFTs, and dapps. Despite facing challenges like high fees and scalability limits, Ethereum powers DeFi and NFTs.

SharpLink Gaming plans to diversify its staking vehicles by exploring opportunities on Ethereum layer-2 network Linea. The company currently stakes almost all of its $3.6 billion Ethereum holdings through custodians but aims to seek higher-yield options.

The Astana Financial Services Authority (AFSA) in Kazakhstan has initiated a pilot program allowing firms to pay regulatory fees using US dollar-pegged stablecoins, with Bybit being the first participant. This move aims to position Kazakhstan as a regional hub for digital finance innovation.

The market-to-net asset value (mNAV) for digital asset treasury (DAT) companies like BitMine and SharpLink Gaming has fallen below 1, signaling potential challenges for future capital inflows. This drop in mNAV is attributed to Ethereum's price volatility and the pressure from relentless ATM share sales.

David Bailey's bitcoin treasury company Nakamoto (NAKA) suffered a 90% crash in share price and mNAV, with more shares set to enter the market soon. Investors are questioning Bailey's ability to turn the company around after its significant decline since May.