ChainCatcher news, according to Ember monitoring, SharpLink Gaming (Nasdaq: SBET) has purchased 6,744 ETH ($16.51 million) through Galaxy Digital in the past 4 days.SharpLink Gaming has currently spent $493 million to purchase and hold 188,000 ETH ($456.9 million), with an average cost of about $2,617. The current unrealized loss is approximately $37.5 million.

ChainCatcher news, according to market data, cryptocurrency concept stocks in the U.S. pre-market are generally rising, among which:Sharplink Gaming up 26.82%;Circle up 8.79%;Strategy up 1.41%;Coinbase up 2.26%;MARA Holdings up 1.60%;Riot Platforms up 1.95%.

ChainCatcher news, according to Protos, Sharplink Gaming, one of the largest Ethereum (ETH) treasury companies, experienced a crash in after-hours trading yesterday, with its stock price plummeting from $33 at the NASDAQ closing bell to below $11 by 8 PM. Two weeks ago, Sharplink's stock (SBET) was valued at $124, meaning it has lost 91% of its value since then.The market panicked over the unexpected announcement of shareholder dilution, while a viral tweet from The Block's Steven Zheng claimed, "Almost all participants in the SBET private placement have sold off all their shares less than a month after announcing the ETH treasury strategy initiative." Alarmingly, Sharplink's trading volume surged to over 10 times the average, with its single-day percentage loss exceeding that of any previous trading day.

ChainCatcher news, according to GlobeNewswire, SharpLink Gaming (NASDAQ: SBET) announced the purchase of 176,270 ETH for $463 million, at an average price of approximately $2,626, surpassing Strategy to become the largest publicly traded company holding Ethereum in the world. Over 95% of the assets have been used for staking or liquid staking to generate returns.

ChainCatcher news, according to Coindesk, SharpLink Gaming's stock plummeted about 70% in after-hours trading on Thursday after submitting new documents to the SEC.It is reported that the company submitted an S-3ASR registration statement, which allows for the resale of up to 58,699,760 shares related to its private equity investment (PIPE) financing by more than 100 shareholders. The market initially interpreted this statement as indicating that PIPE investors had sold their holdings. Board Chairman Joseph Lubin stated on the X platform that the market "misread" the S-3 document, which is merely a pre-registration of shares for potential resale. This is a standard procedure following PIPE transactions in traditional finance and does not represent actual sales.Earlier this month, the company raised $450 million through PIPE financing, with investors including numerous institutions such as ConsenSys, Galaxy, and Pantera Capital. The funds raised will be used to acquire ETH as its reserve asset. Ethereum co-founder and ConsenSys CEO Joseph Lubin also joined the company as Board Chairman.

ChainCatcher message, Ethereum co-founder Joseph Lubi tweeted, "The SBET token is a scam. It has no connection to SharpLink Gaming Inc (stock code SBET). The real SBET is currently listed on NASDAQ. If you buy this token, you will be completely scammed."Subsequently, some community users replied to Joseph Lubi in the comments, stating that the SBET token is merely a symbolic meme.

ChainCatcher news, according to market data, U.S. stocks related to cryptocurrency are strengthening in pre-market trading, including:Circle up 1.26%;SharpLink Gaming up 12.5%;BTCS up 6.88%;The9 up 5.98%;Canaan up 7.43%.

ChainCatcher news, citing the Wall Street Journal, reported that the U.S. Department of Commerce stated on Thursday that the U.S. trade deficit in April sharply decreased by 55.5% to $61.6 billion. U.S. imports fell by 16% from March to $351 billion in April, while exports rose by 3% to $289.4 billion. This resulted in a trade deficit of $61.6 billion, the smallest since September 2023. In April, imports of consumer goods decreased by $33 billion, with a significant drop in pharmaceutical imports. Auto imports decreased by $6.4 billion.The data showed a significant initial effect from the White House's substantial tariff increase in early April, but the future direction remains unclear.

ChainCatcher news, according to Tiger News, SharpLink Gaming plummeted 20% in pre-market trading. Previously, the company announced a private placement of $425 million to purchase ETH, which caused its stock price to surge by 2225% last month.Note: SharpLink Gaming is a company focused on online performance marketing, recently transitioning into the cryptocurrency sector through a private investment in public equity (PIPE) to purchase Ethereum (ETH).

ChainCatcher news, SharpLink Gaming submitted Form S-3 ASR to the U.S. SEC, registering a total size of up to $1 billion in securities for the future issuance of common stock depending on market conditions. After this issuance, the number of common shares issued could reach up to 72,051,288 shares.The majority of the proceeds from this issuance will be used to purchase ETH, and it is also planned to use the funds raised for working capital needs, general corporate purposes, operating expenses, and more.

ChainCatcher news reports that according to Ember monitoring, BTC whale James Wynn has suffered significant losses due to high leverage operations. His opening price was $108,334, and the liquidation price was $106,314, with a leverage ratio as high as 40 times. Around 12:40, the BTC price briefly spiked near his liquidation line (approximately $107,000), forcing him to partially stop-loss to lower the liquidation line, resulting in a single loss of $2.95 million.Currently, James Wynn has given back all of his $87 million profit and has lost $3 million of his principal. His current position is 4,604 BTC, with a total value of approximately $496 million.

ChainCatcher news, the US-listed company SharpLink Gaming has surged over 630% today, currently priced at $48, up from just $2.79 three trading days ago, an increase of more than 17.2 times in three days.ChainCatcher previously reported, according to GlobenewsWire, sports betting operator SharpLink Gaming, Inc. (NASDAQ: SBET) announced today that it has signed a securities purchase agreement for a $425 million private investment in public equity (PIPE), planning to issue approximately 69.1 million shares of common stock (or equivalent securities) at a price of $6.15 per share (with company management team members at $6.72 per share).SharpLink plans to use the raised funds to purchase Ethereum as the company's primary treasury reserve asset. After the transaction is completed, Ethereum co-founder and Consensys founder and CEO Joseph Lubin will serve as the chairman of SharpLink's board and will assist the company in developing its core business as a strategic advisor.

ChainCatcher news, according to GlobenewsWire, sports betting operator SharpLink Gaming, Inc. (NASDAQ: SBET) today announced that it has signed a securities purchase agreement to conduct a $425 million public company private investment (PIPE), planning to issue approximately 69.1 million shares of common stock (or equivalent securities) at a price of $6.15 per share (with company management team members at $6.72 per share).Consensys Software Inc. is leading the investment as the primary investor, with participants including well-known crypto venture capital firms such as ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital. The transaction is expected to be completed on May 29.SharpLink plans to use the raised funds to purchase Ethereum (ETH) as the company's primary treasury reserve asset. After the transaction is completed, Ethereum co-founder and Consensys founder and CEO Joseph Lubin will serve as the chairman of SharpLink's board and will assist the company in developing its core business as a strategic advisor.

ChainCatcher news, according to GlobenewsWire, sports betting operator SharpLink Gaming, Inc. (NASDAQ: SBET) announced today that it has signed a securities purchase agreement for a $425 million public company private investment (PIPE), planning to issue approximately 69.1 million shares of common stock (or equivalent securities) at a price of $6.15 per share (with company management team members at $6.72 per share).Consensys Software Inc. is leading the investment as the main investor, with participants including well-known crypto venture capital firms such as ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital. The transaction is expected to be completed on May 29.SharpLink plans to use the raised funds to purchase Ethereum as the company's primary treasury reserve asset. After the transaction is completed, Ethereum co-founder and Consensys founder and CEO Joseph Lubin will serve as the chairman of SharpLink's board and will assist the company in developing its core business as a strategic advisor.

ChainCatcher news, according to market data, the three major U.S. stock indexes opened lower, with the Dow down 1.1%, the S&P 500 down 1.2%, and the Nasdaq down 1.5%. U.S. cryptocurrency stocks opened lower across the board, including:Coinbase (COIN) down 1.75%;MicroStrategy (MSTR) down 2.8%;MARA Holdings (MARA) down 5.2%;Riot Platforms (RIOT) down 3.7%;Hut 8 Corp. (HUT) down 3.9%.

ChainCatcher news, according to Decrypt, Grayscale's research director Zach Pandl stated that Bitcoin's dominance may rise when the market focuses on macroeconomic instability and the risks facing the dollar; conversely, when the market focuses on various applications of blockchain technology and innovations in the crypto space, Bitcoin's dominance may decline.Bitcoin benefits from being viewed as a "non-sovereign asset" similar to gold, and it has also absorbed a significant portion of inflows in the crypto market through products like the ETF approved last year.In the next approximately 9 to 12 months, Bitcoin's market share is more likely to stabilize between 60% and 70% of the overall crypto market, rather than experiencing a significant decline. This judgment is not easy, as both Bitcoin and altcoins have different favorable factors that may come into play.From a macro perspective, we are bullish on Bitcoin; from the perspective of technological development and user adoption, we are also optimistic about altcoins. My basic assumption is that Bitcoin's dominance will begin to stabilize from the current point.

ChainCatcher news, the three major U.S. stock indices fell sharply, with the Nasdaq down 3.07%, the Dow down 1.73%, and the S&P 500 down 2.24%. Large tech stocks collectively declined, with Nvidia down over 6%, Tesla down over 4%, and Apple, Meta, and Microsoft down over 3%, while Amazon and Google fell over 2%.

ChainCatcher news, according to Jinshi reports, market data shows that spot gold has reached 3060 USD/ounce, up 2.60% for the day.New York futures gold has surged 3.00% today, currently reported at 3080.00 USD/ounce.