Altcoins News

Story: Big ETH Stakes, AI Gains for Bitcoin Miners and 24/7 Trading Shake Crypto Markets

By MikeT

1 / 15

SharpLink Gaming Looks Beyond Traditional Custodians. SharpLink Gaming, a major Ethereum treasury firm managing $3.

2 / 15

Regulators Consider Round-the-Clock Trading. In a move that could further legitimize crypto’s always-on nature, SEC Chair Paul Atkins and CFTC…

3 / 15

Bitcoin Miners Capitalize on AI Compute Demand. Bitcoin miners are seeing new life as they pivot from declining profit margins post-halving to…

4 / 15

Other Key Market Moves. The broader crypto sector is also seeing notable activity:

5 / 15

Conclusion. With Ethereum staking growing more competitive, Bitcoin miners diversifying through AI compute,…

6 / 15

This week’s crypto landscape has seen major developments across staking, regulatory proposals, and market pivots.

7 / 15

SharpLink Gaming, a major Ethereum treasury firm managing $3.6 billion in ETH, is aiming to stake part of its holdings on the Linea network once it launches its mainnet.

8 / 15

“When you hold billions of dollars of ETH and you're looking at a portfolio of staking, there is going to be an ability to deploy that through staking opportunities on Linea,”…

9 / 15

The timing is significant as interest in staking and Ethereum validator roles is surging. According to Validator Queue data, the wait time to become a validator has surpassed 16…

10 / 15

Despite this bullish trend, SharpLink’s share price has declined, dropping nearly 20% since the beginning of the week.

11 / 15

In a move that could further legitimize crypto’s always-on nature, SEC Chair Paul Atkins and CFTC Acting Chair Caroline Pham announced their intention to explore 24/7 trading for…

12 / 15

“Further expanding trading hours could better align U.S. markets with the evolving reality of a global, always-on economy,” the regulators stated.

13 / 15

If approved, this change could mark one of the most significant shifts in U.S. trading hours in decades, impacting everything from equities to derivatives, and possibly setting a…

14 / 15

The miners most benefiting from this pivot include Hut 8, Core Scientific, TeraWulf, IREN, and Riot, among others.

15 / 15

Miners are increasingly leveraging their GPU farms to serve AI companies, whose demand for compute power continues to skyrocket.

The Currency Analytics

Want the full story?