Treasury companies and ETFs now hold over 10% of ETH’s supply, with SharpLink and BitMine leading corporate accumulation. SharpLink Gaming’s Ether holdings surged in value as the cryptocurrency climbed nearly 4.5% in the past 24 hours, pushing the company’s unrealized gains close to $1 billion. On Tuesday, the company said its unrealized profit from its Ether (ETH) purchases has surpassed $900 million since it initiated its accumulation strategy on June 2. Strategic ETH Reserve data showed that SharpLink held 838,730 ETH on its balance sheet, worth around $3.93 billion at current prices. This makes the company one of the largest holders of ETH, with 0.69% of the asset’s total supply. Read more
The World Bank has revised downwards its forecast for Romania’s economic growth to just 0.4% for 2025, compared to its 1.3% projection in June 2025, per the Bank's latest report for Europe and Central Asia (ECA) released on Tuesday (October 7).
NYSE parent company, Intercontinental Exchange, has invested $2 billion in the crypto prediction market Polymarket at a $9 billion valuation. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), invested $2 billion in cryptocurrency-based prediction market Polymarket. According to a Tuesday Polymarket X post, the ICE invested $2 billion in the prediction market. The deal values Polymarket at a $9 billion post-money valuation. ICE’s NYSE is the world’s largest stock exchange by market capitalization, exceeding $25 trillion as of July 2024. Its interest is the latest move that fuses the United States’ traditional financial landscape with the cryptocurrency industry. Read more
“This is not just a sea journey, it’s not an adventure, but rather it is a task that is extremely dangerous,” said former Jamaat-i-Islami senator Mushtaq Ahmad Khan in an interview with Dawn.com just before he embarked on the Global Sumud Flotilla mission to Gaza. The Global Sumud Flotilla (GSF), with around 500 participants from over 44 countries, including Pakistan, attempted to break Israel’s siege on Gaza and distribute humanitarian aid to the malnourished and injured civilians suffering from two years of genocide in the enclave at the hands of Israel. Former senator Khan’s words rang true from the very beginning of the mission, when two GSF aid boats were struck by incendiary devices in Tunisian waters. The ‘Family’ and ‘Alma’ boats, which held the steering committee of the aid convoy, were attacked on September 8 and 9. The aid boats were attacked once again on September 23 near Crete; this time, there was international condemnation, with Italy, Spain and Turkiye dispatching warships to aid the boats. T...