BounceBit to launch tokenized stock products in Q4

The NFT market roared to life on Monday, jumping more than 20% in a single day, with total market cap rising from $5.1b to $6.3b . After months of stagnation, renewed interest in Ethereum-based collections appears to be driving the sudden revival. A major catalyst came in the form of a high-profile CryptoPunk sweep. According to on-chain data from Lookonchain, a newly created wallet, 0x1bb3, spent 2,082 ETH, or about $5.87m, to purchase 45 CryptoPunk NFTs within hours. The transaction lit up OpenSea, where the wallet now holds assets valued at over 1,700 ETH, or roughly $6.5m. A whale created a new wallet(0x1bb3) and spent 2,082 $ETH ($5.87M) to buy 45 CryptoPunk NFTs 4 hours ago. https://t.co/mVu8wrKhT7 pic.twitter.com/pfH4j5lYKI — Lookonchain (@lookonchain) July 21, 2025 CryptoPunks Dominate as Blue-Chip NFTs Spark Market Revival CryptoPunks led the rally, with floor prices climbing 14% from the previous day to $175,320. This surge pushed the project to the top of the 24-hour sales leaderboard, clocking in over $14.7m in volume, according to CryptoSlam. That marked a staggering 11,143% increase in daily sales. Other Ethereum collections followed suit. Moonbirds recorded a 31.1% gain, while Pudgy Penguins rose 2.7%. Bored Ape Yacht Club saw a 6.9% increase, and niche collections like Infynex Patron gained 9.4%. The broader uptick signals a shift in sentiment as investors appear to be rotating capital back into high-value NFT assets. The NFT market cap just pumped 17% in a day from $5.1B to $6.0B. Which NFTs are you holding? pic.twitter.com/yIauTicwpy — CoinGecko (@coingecko) July 21, 2025 Iconic Collections and ETH Dominance Hint at Broader Recovery Ethereum retained its dominance by a wide margin, notching $32m in NFT sales over 24 hours, a 339% spike. Solana, Bitcoin and BNB Chain trailed, each generating between $1.3m and $2.1m in sales, data from CryptoSlam showed. The rise in activity coincides with a sharp increase in wallet activity and a visible uptick in both buyer and seller participation. Ethereum alone saw over 5,400 buyers and 6,000 sellers across NFT marketplaces within the same period. While it remains unclear whether this momentum will sustain, the sharp uptick shows how quickly sentiment can shift in the NFT space. The market had been mired in sluggishness for months, with volumes declining and floor prices softening across major collections. Not all platforms or blockchains experienced the recovery to the same extent. While Ethereum-based collections surged, others like Immutable and Polygon recorded smaller gains or minor dips, showing Ethereum’s ongoing lead in high-value NFT transactions. CryptoPunks’ leading role in the recent surge shows the enduring appeal of iconic collections with cultural significance, particularly when major investors join the action. This rapid influx of funds and interest might indicate the onset of a wider market recovery. Still, experienced analysts warn that the NFT market remains unpredictable and closely tied to overall cryptocurrency trends.

Spot Bitcoin exchange-traded funds in the United States have recently experienced a sharp drop in inflows as investor sentiment continues to take a hit amid escalating geopolitical concerns. According to data from SoSoValue, the 12 spot Bitcoin ETFs pulled in…

U.S.-based technology company SharpLink announced a major Ethereum acquisitions in July, making it the largest corporate holder of ETH to date. NEW: SharpLink becomes the largest $ETH holder among corporate entities Between July 7 and July 13, SharpLink acquired ~74,656 ETH for ~$213M at an average price of ~$2,852 per ETH Total holdings now stand at ~280,706 ETH ~99.7% of ETH is staked, earning ~415 ETH since June 2… pic.twitter.com/2yknUWgkLJ — SBET (SharpLink Gaming) (@SharpLinkGaming) July 15, 2025 Between July 7 and July 13, the company purchased approximately 74,656 ETH at an average price of $2,852, totaling an investment of around $213 million. This latest purchase brings SharpLink’s total Ethereum holdings to roughly 280,706 ETH. The company’s aggressive buying activity signals a growing trend among corporations diversifying into digital assets beyond Bitcoin. The Ethereum acquisition reflects SharpLink’s long-term commitment to blockchain infrastructure, staking rewards, and decentralized finance applications. Nearly Entire Holdings Staked for Yield According to data shared by SharpLink, approximately 99.7% of its ETH holdings are currently either staked or restaked, contributing to onchain security while earning passive yield. Since June 2, SharpLink has earned approximately 415 ETH through staking activities. The company has not disclosed specific staking providers or restaking platforms used, though the scale of participation suggests involvement with major Ethereum infrastructure layers, possibly including liquid staking protocols. The yield strategy appears to be core to SharpLink’s treasury allocation, positioning Ethereum not just as a reserve asset, but as an income-generating component of its digital strategy. ETH Concentration Trends Upward Ethereum concentration among institutional players and corporate entities has been rising steadily. Since June 13, ETH concentration by top holders has increased by approximately 23%, a figure influenced in part by SharpLink’s large-scale acquisitions. With the Ethereum price hovering near $2,850 during the accumulation period, SharpLink’s entry adds weight to a broader narrative of institutional confidence in ETH as a long-term asset. While Bitcoin has historically dominated corporate balance sheets, Ethereum’s versatility—ranging from smart contracts and DeFi to tokenization—continues to attract strategic capital allocations. SharpLink trades under the ticker $SBET and has not yet commented on how this ETH position aligns with its broader corporate roadmap. However, the move is already drawing attention from analysts who view the purchase as maturing institutional interest in Ethereum’s infrastructure and yield potential. SharpLink Launches Ethereum Treasury Strategy SharpLink embarked on its Ethereum treasury strategy in late May. The move coincided with a $425 million private placement led by Consensys, the crypto infrastructure firm founded by Ethereum co-founder Joseph Lubin, who also took on the role of SharpLink’s chairman. Beyond building its treasury, SharpLink has expressed its commitment to supporting Ethereum’s long-term strength and decentralization.