☕️ GM! Here are the top events in #Crypto from the past 24 hours
📊Market Updates
🔸SharpLink to sell $200M in stock to buy more ETH, boosting its treasury past $2B, with shares sold at $19.50 to institutions.
🔸CleanSpark Q3 revenue jumped 91% to $198.6M, net income hit $257.4M, and BTC treasury surpassed $1B with 50 EH/s capacity.
🔸Cosmos Health secured up to $300M to launch an Ethereum treasury, allocating 72.5% to ETH held and staked via BitGo.
🔸Ethereum daily transactions hit 1.74M on Aug 5, surpassing 2021 peak, driven by stablecoins, DeFi growth, and ETH treasury adoption.
🔸DL Holdings to raise $83.2M via share placements for blockchain projects, RWA tokenization, mining, and crypto business expansion.
🌟Highlights
🔸Trump signs executive order directing agencies to enable 401(k) plans to include crypto, private equity, and alternative assets.
🔸Trump signs executive order banning use of “reputational risk” to restrict banks from serving crypto firms, ending alleged “Operation Choke Point 2.0.”
🔸SEC and Ripple drop appeals ending XRP case with 2023 ruling intact, XRP up 7% as retail sales deemed non-securities.
🔸Ripple will acquire stablecoin payments platform Rail for $200M in Q4, aiming to expand RLUSD’s reach and solidify stablecoin payments leadership.
🔸Chainlink launches strategic LINK reserve funded by onchain and offchain revenue, starting with $1M in LINK.
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