$10B Bitcoin Whale Moves $364M BTC to Hyperunit  Buying ETH Again?

In a bombshell filing, the SEC is prepared to allow generic listing standards for crypto ETFs. This would permit ETF listings without a specific case-by-case approval process. The filing’s language rests on cryptoassets that are commodities, not securities. However, the Commission is reclassifying many such assets, theoretically enabling an XRP ETF alongside many other new products. Why Generic Listing Standards Matter The SEC has been tacitly approving new crypto ETFs like XRP and DOGE-based products, but there hasn’t been an unambiguously clear signal of greater acceptance. Huge waves of altcoin ETF filings keep reaching the Commission, but there hasn’t been a corresponding show of confidence. Until today, that is, as the SEC just took a sweeping measure to approve generic listing standards for crypto ETFs: “[Several leading exchanges] filed with the SEC proposed rule changes to adopt generic listing standards for Commodity-Based Trust Shares. Each of the foregoing proposed rule changes… were subject to notice and comment. This order approves the Proposals on an accelerated basis,” the SEC’s filing claimed. The proposals came from the Nasdaq, CBOE, and NYSE Arca, which all the ETF issuers have been using to funnel their proposals. In other words, this decision on generic listing standards could genuinely transform crypto ETF approvals. A New Era for Crypto ETFs Specifically, these new standards would allow issuers to tailor-make compliant crypto ETF proposals. If these filings meet all the Commission’s criteria, the underlying ETFs could trade on the market without direct SEC approval. This would remove a huge bottleneck in the coveted ETF creation process. “By approving these generic listing standards, we are ensuring that our capital markets remain the best place in the world to engage in the cutting-edge innovation of digital assets. This approval helps to maximize investor choice and foster innovation by streamlining the listing process,” SEC Chair Paul Atkins claimed in a press release. The SEC has already been working on a streamlined approval process for crypto ETFs, but these generic listing standards could accomplish the task. This rule change would rely on considering tokens as commodities instead of securities, but federal regulators have been reclassifying assets like XRP. If these standards work as advertised, ETFs based on XRP, Solana, and many other cryptos could be coming very soon. This quiet announcement may have huge implications.

The post SharpLink’s ETH Treasury Nears $1B in Unrealized Gains appeared on BitcoinEthereumNews.com. SharpLink Gaming’s Ether holdings surged in value as the cryptocurrency climbed nearly 4.5% in the past 24 hours, pushing the company’s unrealized gains close to $1 billion. On Tuesday, the company said its unrealized profit from its Ether (ETH) purchases has surpassed $900 million since it initiated its accumulation strategy on June 2.  Strategic ETH Reserve data showed that SharpLink held 838,730 ETH on its balance sheet, worth around $3.93 billion at current prices. This makes the company one of the largest holders of ETH, with 0.69% of the asset’s total supply.  “With 839k ETH on our balance sheet and no debt, SharpLink’s in a strong position to keep generating value for stockholders,” SharpLink said in the post.  SharpLing Gaming records nearly $950 million in unrealized profit. Source: Strategic ETH Reserve SharpLink holds almost 839,000 ETH SharpLink’s gains were accelerated by Ether’s recent surge to $4,700 on Tuesday, an almost 5% increase compared with Monday’s levels around $4,500.  The company also said that its ETH concentration per share has nearly doubled since the accumulation program began, increasing potential earning power for shareholders. “This is the power of a productive and yield-bearing asset like ETH,” the company said. Strategic ETH Reserve data showed how SharpLink scaled its position through steady purchases over the summer. Initial purchases included 176,300 ETH, followed by multiple buying waves in July and August.  Since September, the holdings have remained near the 839,000 ETH mark, but the rise in the ETH price has driven the value of its holdings higher.  Related: Korean retail capital driving Ether price, treasury demand: Samson Mow Ether treasury companies hold over 5% of ETH’s total supply Other Ether-focused treasury companies have continued to accumulate the cryptocurrency, pushing total corporate holdings to more than 5.6 million ETH, valued at over $26.5 billion. BitMine…

Bitcoin has recorded fresh highs as flows have rotated into altcoins and Best Crypto picks like XRP, Plasma, and Bittensor. Policy developments and ETF milestones have supported sentiment, while a major presale has reported strong uptake and active staking.