SharpLink marches ahead with its Ether strategy, bagging $264 million of ETH, raising its total staked ETH holdings to 521,939 ETH. Digital asset investment firm SharpLink added another haul of Ether to its balance sheet, bringing its overall ETH holdings to almost $2 billion. On Tuesday, the company said it bought 83,562 Ether (ETH) worth $264.5 million at an average price of $3,634. The purchases, made between July 28 and Aug. 3, brought the company’s total ETH holdings to 521,939 ETH, worth $1.91 billion at current market prices. The company said that all of its ETH holdings are staked, allowing it to earn from Ethereum’s native proof-of-stake consensus mechanism. According to SharpLink, its cumulative staking rewards have reached 929 ETH, worth over $3.3 million. Read more
Users of Clanker, an AI-powered memecoin generator, have created over 355,000 tokens and earned over $34.4 million in fees amid rising AI agent adoption. Clanker, a decentralized application (DApp) built around an artificial intelligence agent that creates memecoins based on prompts, has generated over $34.4 million in fees, according to blockchain data. According to the “Clanker Fees” Dune data dashboard, the liquidity pool fees earned by Clanker have reached $34,417,863. The daily fees peaked on Nov. 26, 2024, at $1.1 million earned in a single day. Clanker’s official website showed 355,179 live “clankers,” referring to tokens deployed through its AI agent. It also showed an ecosystem market cap of $172.3 million, and that $34.4 million of creator fees were earned through it. Read more
With the White House’s latest digital assets report, CCI chief Ji Kim says the US is finally stepping up to claim its place at the front of the global crypto race. A crypto lobby group claims that the US is back on track to lead the cryptocurrency industry after the White House’s latest crypto report called for the nation’s finance regulators to align on digital assets. The report, released last week, marks a possible end to the long-standing turf war between the Securities and Exchange Commission and the Commodity Futures Trading Commission over how to classify and regulate cryptocurrencies. “We’ve had legal precedent — Bitcoin, Ether and many other digital assets are much more akin to commodities,” said Ji Hun Kim, newly appointed CEO of the advocacy group Crypto Council for Innovation, in an exclusive interview with Cointelegraph. Read more