Public Keys: Big ETH Stakes, AI Boost for Bitcoin Miners and 24/7 Trading
SharpLink Gaming plans to stake part of its $3.6 billion ETH holdings on the Linea network to secure higher yields, moving away from traditional custodians like Anchorage and Coinbase. This shift comes amidst discussions by SEC and CFTC leaders on potential 24/7 trading markets to better align U.S. markets with the global crypto landscape. Furthermore, Bitcoin miners have reached a record combined market cap of $39 billion, driven by shifts to AI computing services. Notably, companies like TeraWulf have experienced significant stock gains through hosting GPU services. Despite the advancements and market growth, SharpLink's share price has seen a decline after news of increased staking. As regulators consider these pivotal changes, the landscape for crypto trading and investing in the U.S. may evolve, reflecting the challenges and opportunities in this dynamic market.
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