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eToro plans to acquire the American online brokerage TradeZero for up to $231 million

According to The Block, Nasdaq-listed trading investment platform eToro has agreed to acquire the American online brokerage TradeZero, with a transaction value of up to $231 million. This acquisition is an important step for eToro to expand its presence in the U.S. market and strengthen its services for active traders. ReutersThe announcement of the acquisition was released simultaneously with eToro's financial report for the second quarter of 2026. The report shows that eToro continued to achieve profit growth in the second quarter, with net contribution increasing by 9% year-on-year to $229 million, mainly driven by enhanced stock trading activity.Founded in 2015, TradeZero primarily serves active traders in the U.S. and operates in Canada and other international markets. eToro stated that after acquiring TradeZero, it will further expand its retail customer base in the U.S. and gain a stronger brokerage infrastructure, accelerating the launch of new products in the U.S. market. ReutersIn recent years, eToro has continuously strengthened its layout in digital assets and on-chain finance. The company previously acquired the self-custody crypto wallet service provider Zengo to enhance its digital asset capabilities and explore the integration of traditional finance with the on-chain economy. eToro's acquisition of TradeZero reflects its strategic direction in building a comprehensive financial ecosystem between stock trading, crypto assets, and multi-asset investment platforms. It is reported that the TradeZero transaction is expected to be completed in the first half of 2027.

first_img SharpLink opposes Ethereum EIP-8363, stating that zero returns will undermine the core reason for institutions to choose ETH

Joseph Chalom, CEO of the Ethereum treasury company SharpLink, posted in opposition to Ethereum Improvement Proposal EIP-8363. According to his disclosure, the current network issues new ETH to validators as staking rewards at a variable yield rate of about 2.75%. If the proposal is passed, it will be implemented in phases over approximately a year and a half, gradually destroying part of the issuance rewards as the staking amount increases. When about 50% of ETH is staked, the staking yield will drop to 0%, and validators will only be able to rely on transaction fees, which currently account for only 15% of staking rewards, to sustain themselves.Chalom presented four points of opposition:Staking yield is the factual benchmark for all on-chain interest rates. The approximately $35 billion TVL of liquid staking tokens is the core collateral for on-chain lending. A yield of zero will raise on-chain capital costs, making actual yields approach or even become negative. Collateral will migrate to assets that still generate yields, and independent stakers and small to medium operators will be the first to be squeezed out.The native yield characteristic is precisely the key reason institutions choose ETH over Bitcoin. Erasing this difference is equivalent to voluntarily giving up its competitive advantage just as ETH is outperforming Bitcoin.Issuance is not a cost to external parties but a transfer of value to security maintainers and builders within the network. Destroying it is a destruction of value rather than a redistribution of this portion of value.The current timing is the worst; Ethereum is in a rising phase of institutional adoption, and destruction incentives will suppress this wave of adoption momentum.He stated that SharpLink agrees with the proposal authors' goal of making ETH scarce and stabilizing the staking rate at a reasonable level, but believes this should be achieved through the existing base fee destruction mechanism rather than altering the economic foundation of the protocol.

Capital Group invests five million to increase its stake in Strive, while Bitdeer maintains a zero position in Bitcoin

According to BBX data, global institutional capital and listed mining companies have been active in the allocation of funds and asset restructuring in the digital asset ecosystem over the weekend, with the following key developments:Traditional asset management giant Capital Group significantly increased its investment in cryptocurrency treasury: The top investment management company Capital Group's SMALLCAP World Fund recently disclosed its latest positions, having increased its holdings in the Bitcoin treasury company Strive by a total of 481,772 shares (worth approximately $5.52 million). After this increase, the fund currently holds a total of 2.93 million shares of Strive (total value approximately $33.62 million), highlighting the strong interest of traditional Wall Street asset management capital in indirectly allocating Bitcoin assets.Bitdeer disclosed mining ledger, adhering to "zero holdings" fiat operation: Nasdaq-listed Bitcoin mining company Bitdeer (NASDAQ: $BTDR) announced its latest production and holding data. As of the week ending July 24, its Bitcoin mining output was 274.6 BTC, while it sold 274.8 BTC on the open market, resulting in a net addition of 0 BTC. Amidst the frenzy of many peers hoarding coins, Bitdeer remains steadfast in maintaining its "Bitcoin zero holdings" strategy with pure fiat operations.Poolin applies for bankruptcy, selling Texas mining assets for $52 million: The established mining pool Poolin has officially filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey. Court documents show that its total debt before filing for bankruptcy was approximately $173.1 million (of which about $163.7 million was unsecured promissory notes issued to Poolin Wallet customers after the withdrawal suspension during the 2022 bear market), with the number of creditors estimated to be between 10,001 and 25,000. Currently, Poolin intends to sell its Texas mining assets for a total price of $52 million and has signed an agreement with Thor CALAP LLC, which will bid $15 million and $37 million respectively for the power usage rights and equipment of the Pyote and Tarbush mining areas.
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