Ethereum

Bitcoin rose to $111,000 amidst falling stocks and gold’s record high. Cryptocurrency is benefiting from expectations of future rate cuts and geopolitical uncertainty, though Ethereum’s rise has impacted Bitcoin’s dominance. Analysts believe a dovish Fed pivot could help Bitcoin break through resistance. Ether remained stable, while Solana’s token (SOL) outperformed Bitcoin and Ether recently. Crypto-related stocks showed mixed performance.

ETHZilla (formerly 180 Life Sciences) closed a $425 million private placement to advance its Ethereum treasury strategy. The company plans to rapidly increase its ETH holdings and execute a differentiated yield generation program in partnership with Electric Capital and with guidance from a new DeFi Council. ETHZilla aims to become a benchmark for on-chain treasury management, offering investors exposure to the Ethereum network. The capital will also support existing iGaming operations and IP monetization. The executive team and board have been expanded with crypto and capital markets expertise.

The Ether Machine (DYNX) invested $56.9M to acquire 15,000 ETH at an average of $3,809.97 per ETH, marking Ethereum’s 10th anniversary. This brings their total ETH holdings to 334,757, with $407M allocated for future purchases. This deployment from a $97M private placement signals a strong institutional commitment to ETH and positions DYNX as a significant accumulator. Concurrently, Chairman Andrew Keys donated $100,000 to Protocol Guild, supporting Ethereum’s core development.

SharpLink Gaming expanded its Ethereum holdings by acquiring 9,468 ETH, bringing its total to nearly 200,000 ETH. The company funded this through its ATM facility and plans further Ethereum accumulation, viewing it as a foundational currency for digital commerce. SharpLink also appointed Elevate IR as its investor relations agency to communicate its evolving strategy.

SRx Health Solutions (NYSE: SRXH) reallocated $1.5 million from Solana (SOL) to Ethereum (ETH), approved by Chairman Adesh Vora to boost treasury diversification and sustainable shareholder value. The move leverages Ethereum’s institutional adoption and perceived stability over Solana’s volatility, reflecting strategic agility. However, crypto market fluctuations and regulatory risks persist, potentially sparking investor concerns about capital exposure in volatile digital assets.