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SharpLink Buys Back 1 Million Shares as Ethereum Treasury Sits at $3.8 Billion

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In brief

  • SharpLink repurchased 1 million shares of SBET at an average price of $16.67.
  • The firm has now used around $32 million of its $1.5 billion stock buyback program, buying back around 1.93 million shares.
  • Shares of SBET are down 2.62% in the last 24 hours, now changing hands at $16.33.

Ethereum treasury firm SharpLink Gaming continued its share buybacks, repurchasing one million shares of SBET at an average price of $16.67 while its ETH holdings expanded modestly, the firm announced on Tuesday. 

The Minneapolis, Minnesota-based firm has now repurchased 1.93 million shares of SBET in the last two weeks, using nearly $32 million of the $1.5 billion it approved for a share repurchase program in August. 

Meanwhile, it has added just 922 ETH or around $4.1 million to its treasury, since August 31. 



“We continue to be focused on stockholder value,” said Sharplink co-CEO Joseph Chalom in a statement. “By expanding our ETH concentration, we are reinforcing our commitment to align the long-term interests of SharpLink, Ethereum and our shareholders, while showcasing how digital assets can be responsibly and strategically deployed to drive meaningful value creation.”

The firm’s market cap is currently trading below its net asset value of Ethereum holdings, according to its Ethereum dashboard—a situation in which Chalom previously indicated it would seek to repurchase its common stock. 

“The Company continues to believe its common stock is significantly undervalued in the market, and that stock repurchases represent the best method to maximize stockholder value under current market conditions,” the firm said in Tuesday’s announcement. 

Shares of SharpLink (SBET) were down around 2.6% since the opening bell on Tuesday, changing hands for $16.33. SBET has fallen more than 19% in the last month, underperforming ETH which has dropped just 2.2% in that time. 

The gambling marketer turned Ethereum treasury has amassed the second largest publicly traded ETH treasury thus far.

It currently holds 838,152 ETH valued at around $3.7 billion based on ETH’s current price of $4,448. Only BitMine Immersion Technologies holds more, boasting greater than 2.1 million ETH valued at around $9.3 billion.

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Ethereum (ETH) Price Prediction for September 16
Crypto Trends

Ethereum (ETH) Price Prediction for September 16

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The prices of most of the coins keep rising today, according to CoinStats.

ETH chart by CoinStats

ETH/USD

Unlike most other coins, the rate of Ethereum (ETH) has declined by 0.59% since yesterday.

Image by TradingView

On the hourly chart, the price of ETH is near the local support of $4,493. 

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If the bounce back does not happen until the end of the day, traders may witness a level breakout, followed by an ongoing drop to the $4,460 area.

Image by TradingView

On the longer time frame, the rate of the main altcoin keeps falling. If today’s candle closes below yesterday’s low, there is a high chance of seeing a test of the $4,400 zone soon.

Image by TradingView

From the midterm point of view, neither bulls nor bears are dominating. This is confirmed by the falling volume. In this case, sideways trading in the range of $4,300-$4,600 is the most likely scenario.

Ethereum is trading at $4,502 at press time.



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Ethereum Foundation dumps 10K ETH as price struggles at $4,300
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Ethereum ETFs reclaim inflow streak as ETH price holds $4,500

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Ethereum-tracking ETFs are back in the green, drawing fresh inflows as investor attention returns amid the asset’s steady performance.

Summary

  • Ethereum ETFs recorded about $360 million in inflows on Sept. 16, led by BlackRock’s ETHA.
  • U.S.-listed ETH funds have now posted five straight days of inflows, totaling $1.1 billion.
  • Bitcoin ETFs remain ahead with nearly $2.6 billion in inflows over a six-day streak.
  • Ethereum price is consolidating near $4,500, up 3.4% on the week and 8% from this month’s low.

Ethereum ETFs recorded about $360 million in inflows on September 15, according to SoSoValue data. This was their second-strongest daily figure since turning positive earlier this month, extending their recovery streak.

BlackRock’s ETHA accounted for the bulk of inflows with $363 million, followed by Grayscale’s ETHE with $10 million. In contrast, Fidelity saw $13.5 million in outflows, offsetting part of the day’s total, while the remaining six issuers recorded no activity.

With the latest activity, U.S.-listed exchange-traded funds have now logged a five-day inflow streak, recovering from the negative performance seen at the start of the month. Over this period, the products have attracted roughly $1.1 billion, though they still trail their Bitcoin (BTC) counterparts, which drew nearly $2.6 billion over a stronger six-day streak.

The rebound highlights renewed institutional interest in Ethereum ETFs after a cooling period earlier this month that coincided with price weakness. With ETH (ETH) itself now displaying signs of strength, investors appear more confident in the asset’s long-term outlook.

Ethereum ETFs strong as price holds key support

ETH’s price is hovering around $4,509 at press time, posting a slight 0.02% decline in the past 24 hours, according to crypto.news data. The second-largest asset is up 3.4% on the week and nearly 8% from its low earlier this month near $4,180.

On the charts, Ethereum remains above its 50-day moving average, now around $4,275, which acts as a key support level. The daily RSI is sitting near 54, pointing to neutral momentum rather than overbought or oversold conditions.

Ethereum price chart as ETF post inflows | Source: crypto.news

This setup suggests ETH is consolidating after its early September peak close to $5,000. A firm hold above $4,300 would keep the bullish structure intact, with the next test likely coming at $4,800 to $5,000. However, a breakdown below the 50-day average could open the door to further weakness.

If the current momentum holds, Ethereum ETFs could continue to attract strong inflows, potentially boosting performance into the final quarter of the year. Much will depend on ETH holding support above $4,500 and on broader risk appetite in the crypto market.



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Crypto Hacks Surge: $19M In Ethereum Grab by Infamous Wallet Raises Alarming Questions

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A crypto wallet connected to the notorious $300 million Coinbase hack has reappeared with another suspicious move on the Ethereum blockchain.

Over the weekend, the address acquired 3,976 ETH worth approximately $18.9 million, according to on-chain data from Arkham Intelligence. The purchase was executed using 18.9 million DAI, a stablecoin, and split across multiple transactions before being consolidated into the buy.

The transaction came just as Ethereum broke above $4,700, marking its highest level in more than two weeks. Currently, ETH trades at $4,538, down 2.9% in the past 24 hours.

ETH’s price trends to the upside on the daily chart. Source: ETHUSD on Tradingview

A Pattern of Bold Acquisitions

This is not the first time the wallet has made waves. In July, it bought 4,863 ETH for $12.6 million and later added 649 ETH at $3,562 per token. Just last month, the same wallet scooped up $8 million worth of Solana (SOL), though that position has since slipped below entry price.

Analysts say the strategy shows deliberate fund consolidation, often seen in money laundering tactics. Breaking transactions into smaller amounts and using privacy tools allows the hacker to mask movements, making tracking more difficult.

Blockchain investigator ZachXBT previously estimated that the Coinbase-related social engineering scam drained at least $330 million from victims, warning that the real figure may be significantly higher.

Growing Concerns Over Rising Crypto Hacks

The latest Ethereum purchase shows broader concerns in the crypto industry, where hack-related losses reached $163 million in August alone, according to security firm PeckShield.

With exploits shifting from smart contract bugs to social engineering and cross-chain bridge vulnerabilities, wallets like this continue to pose a major threat to investor confidence.

Despite Coinbase offering a $20 million reward for information on the perpetrators and tightening security, the hacker remains unidentified. The latest $19M ETH grab proves the resilience and boldness of cybercriminals operating in the space.

As crypto rallies and institutional inflows grow, the question remains: is the hacker simply riding bullish momentum, or is this part of a deeper strategy to launder stolen funds? Regulators and blockchain investigators are watching closely, but for now, the crypto world is left with more questions than answers.

Cover image from ChatGPT, ETHUSD chart from Tradingview

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Ethereum Aggressive Buying Spree From Bitmine – Here’s How Much They’ve Bought This Month

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The broader cryptocurrency market has sprung back to life again, with Ethereum rising back above the $4,600 price mark after a renewed bullish move. Within the period of bullish action, Bitmine Immersion has gone on a significant buying spree, acquiring thousands of ETH in the month of September alone.

Bitmine’s Unstoppable Ethereum Buying Spree

Ethereum’s price is experiencing a newfound upward strength as the leading altcoin draws dangerously closer to the $4,700 level. While ETH is gaining bullish traction, Bitmine Immersion Technology Inc., a leading treasury company, is doubling down on the asset with its steady, significant purchases.

In a post from Crypto Patel on the social media platform X, the expert revealed that the treasury company has been buying ETH at a massive scale this month alone. The company’s frequent and substantial ETH acquisitions demonstrate its robust belief in the asset’s potential for long-term growth.

Even as market fluctuations continue to test investor confidence, Bitmine appears to be unshaken by the previous price swings. This substantial acquisition fuels the argument that ETH’s place in the future of smart contracts and decentralized finance is still far from fully priced in.

Bitmine heavily buying ETH | Source: Chart from Crypto Patel on X

Data shared by Crypto Patel shows that the company has scooped up over 276,800 ETH in just 14 days, valued at roughly $1.3 billion. It is worth noting that this 276,800 ETH was acquired in just 2 weeks, particularly on September 7 and 14. In the first week of this month, Bitmine accumulated 74,300 ETH, while the second week saw 202,500 ETH.

Such a massive purchase reinforces Bitmine’s leading role in ETH treasury strategy and strengthens its position in the general crypto landscape. Considered an aggressive accumulation by any standard, Crypto Patel stated that the buying spree is a strong signal of institutional conviction in ETH’s long-term value. 

Large Investors Are Sharply Scooping Up ETH

During this renewed bullish action, ETH‘s largest investors are making their presence felt once again in the market. Crypto Patel has outlined a growing positive sentiment among these large investors, also known as whales, as they continued to accumulate the asset.

According to Crypto Patel, big money players on Ethereum are stacking more than ever before. On-chain data shows that Ethereum whales holding between 10,000 ETH and 100,000 ETH have just climbed to a new all-time high. Presently, a significant portion of the supply is controlled by these wallets, indicating increasing accumulation.

In addition to indicating a notable growing pattern of accumulation, this recent spike in whale balances also suggests a strong belief in the altcoin’s prospects. Crypto Patel noted that whale confidence at this scale typically precedes large market moves. As large investors double down on the altcoin, the expert stated that strong on-chain support is forming.

ETH trading at $4,600 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Ethereum Treasuries Have ‘Highest Probability of Being Sustainable’: Standard Chartered

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In brief

  • Standard Chartered’s Geoff Kendrick believes Ethereum treasury companies are most likely to succeed long-term due to their ability to generate staking yields.
  • Bitmine announced its treasury has grown to 2.15 million ETH worth over $9.7 billion, more than double competitor SharpLink’s 837,230 ETH holdings.
  • Digital asset treasury companies hold significant crypto portions (4% of Bitcoin, 3.1% of Ethereum, 0.8% of Solana), making their success crucial for coin prices.

There’s been some worry over the fate of Bitcoin, Ethereum, and Solana treasuries because of falling mNAV marks, but companies buying ETH have the best chance of succeeding, writes Standard Chartered’s Geoff Kendrick.

The global head of digital assets research at the bank wrote that worry about falling mNAVs is warranted. mNAV, or market-to-net asset value, compares a company’s stock value to that of its assets. And for digital asset treasury companies, or DATs, the value of their crypto treasuries can experience dramatic fluctuations.

“This matters because sustainable DATs need an mNAV above 1 if they are to continue buying underlying assets,” Kendrick said in a note shared with Decrypt. “With DATs holding 4.0% of all BTC, 3.1% of ETH and 0.8% of SOL, DATs’ success has significant implications for coin prices.”



He suggests that investors will start to see DATs differentiate themselves based on their ability to raise cash to buy more of their chosen crypto asset, sheer size, and their ability to generate yield with their holdings.

Kendrick reasoned that because ETH and SOL offer opportunities to stake—and therefore a way for companies to generate yield with their treasuries—that he expects them to have higher mNAVs than their Bitcoin counterparts.

Between the two, Kendrick said he’s more bullish on Ethereum DATs because they had a chance to become more established before news that Nasdaq may begin requiring companies to ask for shareholder approval before beginning crypto treasuries.

“I think the ETH DATs have the highest probability of being sustainable, and therefore ETH buying by DATs can continue at pace,” he said. “BitMine, Sharplink and The Ether Machine are all important. BitMine’s Tom Lee estimates that staking yield should add 0.6 to ETH DAT mNAVs alone.”

He added that BitMine, the largest ETH treasury, doesn’t trade on Nasdaq and has already had its strategy pre-approved by shareholders.

Users on Myriad, a prediction market owned by Decrypt’s parent company DASTAN, have clearly chosen a winner among the largest Ethereum treasuries.

When asked whether Bitmine or SharpLink would end the year with more ETH, 90% of users sided with BitMine—and the split has barely changed since the market was launched last week.

At the time of writing, BitMine, which trades on the New York Stock Exchange under the BMNR ticker, just this morning announced that its treasury has climbed to 2.15 million ETH worth over $9.7 billion.

That’s more than double the amount of ETH owned by SharpLink Gaming, which trades under the SBET ticker on the same exchange. The company currently has 837,230 Ethereum worth approximately $3.78 billion at the time of writing.

Ethereum is currently changing hands for $4,491 after dropping nearly 3% in the past 24 hours. Despite the short-term pullback, ETH has gained nearly 3% in the past week and almost 2% in the past 30 days.

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Ethereum Foundation Launches AI Team, Underscoring Network’s Future Priorities

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In brief

  • The Ethereum Foundation is launching a dedicated “dAI team” to make Ethereum the foundation of AI development and bridge blockchain with AI industries.
  • It has a near-term focus on the ERC-8004 standard enabling AI agents to transact seamlessly across Ethereum, which is debuting at November’s Devconnect conference.
  • The long-term goal is to build decentralized AI infrastructure preventing corporate monopolization, with ongoing Silicon Valley partnerships.

The Ethereum Foundation is launching a full-time team dead set on the network’s latest priority: becoming not just the bedrock of the AI economy, but also of AI software development at large.

The dAI team, named in a nod to Ethereum’s longstanding principles of decentralization and democracy, will focus its efforts both on fostering the development of AI systems within the crypto ecosystem and on bringing top players in the off-chain AI industry onto the network.

“We want to bridge the gap between blockchain organizations and AI organizations,” Davide Crapis, an Ethereum core developer who will lead the dAI team, told Decrypt. 

The team will initially feature two other full-time roles, which the Ethereum Foundation is currently hiring for.



Crapis said the Ethereum Foundation’s investment in a full-time AI operation shows the organization’s acknowledgement that the sector will be “key” to its long-term sustainability. 

“We are realizing that AI is going to be a big part of the lives of all humans,” he said. “And it’s going to be a large part of Ethereum usage in the future.”

In the near-term, the team will focus on implementing proposals like ERC-8004, which would create a standard for AI agents to seamlessly discover, verify, and transact with each other across the Ethereum ecosystem. 

That proposal, which Ethereum developers hope will cement the network as the de-facto settlement layer for the exploding AI agent economy, is still being finalized. It will be presented in its final form at Devconnect, an Ethereum developer conference to be held in Buenos Aires in November.

Looking ahead to the future, Crapis said his team will be focused on the even larger goal of establishing a decentralized AI stack designed to “make sure the future of AI is not in the hands of a few very powerful corporations.”

That doesn’t mean Ethereum necessarily intends on going to war with OpenAI, though. Crapis says he sees AI as Ethereum’s next DeFi opportunity—one that, after years of grassroots adoption, eventually attracts even once-hesitant centralized institutions.

“The focus needs to be on building the best decentralized technology we can offer,” the developer said. 

“Ethereum’s infrastructure has so far been focused mostly on finance,” he continued. “It needs to be very usable for AI as well.”

Already, the Ethereum Foundation’s dAI team is engaged in research collaborations with major Silicon Valley companies, which Crapis said will be announced in due time.

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Bitcoin, Ethereum Price Rally ‘Halfway’ as Options Traders Look to Year-End Push

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In brief

  • Bitcoin and Ethereum have risen 6% and 4% this month, defying the usual September slump.
  • Options data show bullish bets outweighing bearish ones, with weighting geared for higher year-end prices.
  • Expectations of multiple Fed rate cuts in 2025 are helping underpin appetite for risk assets.

September’s slump may not be the last, but an expert says the crypto market still has room to rally into year-end.

“There’s been growing speculation that we’ve reached the top of this cycle, but I don’t think that’s the case,” Sean Dawson, head of research at on-chain options platform Derive, told Decrypt. 

He believes the second half of September might see increased volatility and some short-term pain due to the month’s historical seasonality, driven largely by the U.S. financial year-end.



Bitcoin dropped, roughly 1.29% from Saturday’s high of $116,245 to $114,770, CoinGecko data shows.

For Ethereum, the pain could stem from treasuries, whose market-to-net asset value —comparing a company’s stock value to that of its assets — has dropped below one, which may prompt them to sell the underlying asset and repurchase shares instead, Dawson explained. 

Dawson said the market may be only “halfway” through a fourth-quarter upswing, citing supportive macro trends and options data.

The market’s expectation of multiple rate cuts in 2025 aligns with investors’ bullish positioning as seen in options data that shows call open interest for Bitcoin outnumbering puts by nearly 2.5 to 1. 

“Macro is turning extremely favourable. The latest Polymarket data shows the odds of three rate cuts before year-end have jumped from 22% to 49% in just two weeks, Dawson said.

The odds of four rate cuts, or a full percentage point, have climbed above 10%—a sharp change in expectations that typically favors risk assets, such as crypto.

The market’s consensus probability of price outcomes shows “a 40% chance Ethereum closes above $5,000 by year-end, and 20% chance it settles above $6,000.

For Bitcoin, the market gives a 37% probability of $125,000 or higher by the same time.”

Both Bitcoin and Ethereum are up nearly 6% and 4%, respectively, this month, going against a historically bearish month for digital assets.

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WisdomTree brings private credit to Ethereum and Stellar with CRDT launch
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WisdomTree brings private credit to Ethereum and Stellar with CRDT launch

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Global financial firm WisdomTree has announced the launch of a private credit fund on the blockchain, with a $25 minimum investment.

Summary

  • WisdomTree is launching a Private Credit and Alternative Income Digital Fund
  • Retail and institutional investors will be able to invest with as little as $25
  • The fund will debut on the Ethereum and Stellar blockchains

Global financial institutions are increasingly leveraging public blockchains. On Friday, September 12, investment manager WisdomTree launched the WisdomTree Private Credit and Alternative Income Digital Fund. The fund will track the Gapstow Liquid Alternative Credit Index.

“Private credit has become one of the most talked-about opportunities in today’s market. For four years, we’ve been proud to make this space more accessible to the individual investor through our ETF, and now CRDT is able to deliver yield potential in a modern, tokenized fund,” said Jeremy Schwartz, Global Chief Investment Officer at WisdomTree.

At launch, the WisdomTree CRDT fund will be available on the Ethereum (ETH) and Stellar (XLM) blockchains. The fund will enable both retail and institutional investors to gain exposure to the private credit market with a minimum investment of $25. Investors will be able to access the fund through the WisdomTree Prime app and Connect platform.

“CRDT unlocks access to one of the most coveted asset classes – alternatives – directly onchain. By expanding the breadth of our tokenized funds, we’re giving crypto native investors the chance to diversify via exposures that were once reserved for institutions, all within the digital ecosystem,” said Will Peck, Head of Digital Assets at WisdomTree.

WisdomTree offers compliant RWAs

WisdomTree’s latest move enables investors to gain exposure to real-world assets based on real financial instruments. The asset manager stresses that its offering provides a high degree of compliance with financial regulations, in line with traditional financial products.



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Ethereum Foundation Releases Roadmap To End-To-End Privacy

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The Ethereum Foundation’s Privacy & Scaling Explorations (PSE) team has unveiled a new roadmap that approaches privacy as the core component of Ethereum’s future. Rebranded as the “Privacy Stewards of Ethereum”, the group stressed that enforcing an extensive privacy feature is a fundamental requirement for the blockchain network, citing an increase in global recognition.

Ethereum’s PSE Team Unveils Privacy Roadmap For Developers And Users

In the blog post released on September 13, the PSE team explains that the new privacy roadmap positions their division as a “problem-first” team, focused on clarifying operational gaps and facilitating collaborations with developers across the ecosystem, which places privacy at the center of Ethereum’s application.

Central to this approach are three domains of exploration, namely private writes, private reads, and private proving. For context, private writes aim to make on-chain actions like transfers and governance votes affordable and seamless, while private reads will shield users’ identities and intent when accessing apps or querying the chain, an area where sensitive metadata often leaks.

In terms of private proving, the PSE aims to ensure that generating and verifying proofs becomes both efficient and privacy-preserving. The initiative is designed to let users confirm information across different platforms that can verify on-chain and off-chain states, web data, documents, and identity attestations without exposing unnecessary information.

The Key Initiatives At The Moment

Looking at the next 3-6 months, the Privacy Stewards of Ethrereum have outlined several concrete priorities critical to effecting the three main tracks previously stated. On private writes, the PSE plans to advance privacy-enabled transfers through projects like PlasmaFold and Kohaku, while also pushing forward work on stealth addresses and private voting protocols.

These efforts also extend into confidential DeFi, where the team aims to work with partners to establish privacy frameworks that could unlock institutional adoption. Relating to private reads, the Privacy Stewards of Ethereum will assess advancing network-level protections by experimenting with ORAM and PIR to shield user activity from surveillance.

Efforts to achieve private proving will include advancing protocols that make data portability and provenance more reliable through zkTLS. By optimizing TLSNotary and developing an SDK for cross-platform integration, the PSE aims to simplify adoption and accelerate zkTLS ecosystem growth. In parallel, work on private identity would seek to set new standards for privacy-preserving wallets and unlinkable credentials aligned with global frameworks.

At press time, Ethereum trades at $4,667 following a 0.69% price decline in the last 24 hours.

ETHUSDT trading at $4,667 on the daily chart | Source: ETHUSDT chart on Tradingview.com

Featured image from iStock, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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