Ethereum leads market gains as Trump Media and Circle drive optimism in cryptocurrencies The cryptocurrency market showed stability this Tuesday, with minimal variations in major digital assets. However, Ethereum (ETH) stood out with a 5.5% increase, driven by a key announcement of institutional investment. Meanwhile, Trump Media and Technology Group confirmed its intention to raise $2.5 billion to adopt a Bitcoin-based treasury strategy, and Circle, the issuer of the USDC stablecoin, revealed that it has filed for an IPO on the New York Stock Exchange under the ticker CRCL.

Ethereum traded at $2,680 after it was announced that SharpLink Gaming, a company listed on Nasdaq, will close a private placement of $425 million to implement a corporate treasury strategy based on Ethereum. Consensys, the renowned blockchain software firm co-founded by Joseph Lubin, leads the investment and Lubin will join SharpLink's board as chairman once the deal is completed.