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Canary Capital has taken the first formal step toward launching what could become the United States’ inaugural exchange-traded fund (ETF) tied to the official Trump memecoin.
Quick Take Galaxy Digital raised $1.4 billion via debt financing to retrofit its Helios bitcoin mining facility for its long-term deal with AI company CoreWeave. CoreWeave, which started in crypto mining and pivoted to cloud computing, is the sole AI/HPC partner for Galaxy under a 15-year lease agreement.
Quick Take SharpLink Gaming, which has the second largest Ethereum stash of all publicly-traded companies, reported its second quarter earnings on Friday, disclosing its holdings at 728,804 ETH worth around $3.3 billion. Shares of SharpLink’s stock fell about 10% upon market open. The company logged a $103 million net loss in the quarter, mostly as a result of marking down its staked ETH holdings to $2,300, the lowest price in Q2, though ETH has now rallied to trade above $4,500.
Quick Take Ethereum sidechain Ronin is migrating to become a full-fledged Ethereum Layer 2, according to developers Sky Mavis. The team cited the newly “lean, nimble, and responsive” Ethereum Foundation, “Wall Street’s attention and capital,” and technological improvements that make running an L2 “increasingly affordable” as motivation.
