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i hope my Alts are safe ๐ข ๐๐
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Why is the altcoin market in a continuous downward momentum despite $BTC moving strongly? Altcoin market worth ~$600B had to absorb over $42B in token unlocks in the last 6 months. Next 5 months? Another $15B incoming. Still wondering why your fav tokens arenโt moving? #TokenUnlock
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๐๐ #BTC Accumulation Shift: Public Companies > ETFs? In a surprising turn, public companies are now outpacing spot ETFs in Bitcoin accumulation. ๐งพ Over the past 3 quarters: Public firms have added more BTC to their balance sheets than all the spot ETFs combined. This signals growing corporate conviction in Bitcoin as a strategic treasury asset, not just an ETF trade. ๐ Why this matters: Spot ETFs may offer easy retail access, but corporations like MicroStrategy and others are now leading the charge. These firms arenโt just buying Bitcoin โ theyโre making it a core balance sheet asset, often with long-term horizons. ๐ก What it suggests: We're witnessing a new phase of institutional adoption, where Bitcoin is becoming a strategic reserve โ not just a speculative asset. This could add more price stability and reduce BTC's float, tightening supply further. $BTC
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๐ Huge news for #Ethereum ๐ BlackRock just scooped up 26,688.97 $ETH worth around $67.3M, adding fuel to the crypto fire! ๐ฅ With daily active addresses up 15% ๐, the #ETH network is buzzingโbig players are all in! ๐ช Are you ready for the ride? ๐ OMG. how bad grok social media post is ๐คฃ๐คฃ๐คฃ
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๐จ SharpLink Files $1B Shelf Offering โ ETH the Big Winner? ๐จ SharpLink Gaming (NASDAQ: $SBET) is making headlines after filing a Form S-3 with the SEC, setting the stage for a $1 billion shelf offering via an At-The-Market (ATM) agreement with A.G.P./Alliance Global Partners. ๐ Key Details: Up to 72M+ shares may be sold at market prices (~$79.21/share). Proceeds will be used to: ๐ฃ Buy Ethereum (ETH) ๐ก Fund working capital and ops ๐ต Cover general corporate needs This move follows a $425M private placement (May 27, 2025), led by ConsenSys, to build out SharpLink's Ethereum treasury strategy. Notably, Joseph Lubin, Ethereum co-founder, has joined as Board Chairman โ adding massive weight to their ETH pivot. ๐ฅ Why It Matters for Ethereum: This is one of the largest ETH-focused corporate treasury plays ever announced. It's fueling bullish sentiment across X, with many calling it a turning point for ETH as a "reserve asset" in the corporate world. ๐ But in the short termโฆ Despite the buzz, ETH dropped 3.89% to $2,529.82, reflecting broader market weakness. ๐ง TL;DR: SharpLinkโs billion-dollar bet on Ethereum, backed by ConsenSys and Joseph Lubin, could mark a major shift in ETHโs corporate adoption โ even if short-term price action lags.
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