THE TICKER IS narxiETH

$ETH Entry price: 3,090.34 TP price: 3,135 / 3,152 / 3,180 SL price: 3,075

📊 Crypto Market Snapshot | Today BTC holding above key support shows buyers are defending the trend. ETH volume is increasing, hinting at possible volatility. Altcoins remain selective — only strong narratives are moving. ⚠️ Trade with structure, not emotions. #Bitget #CryptoMarket #BTC

📊 Crypto Market Snapshot | Today BTC holding above key support shows buyers are defending the trend. ETH volume is increasing, hinting at possible volatility. Altcoins remain selective — only strong narratives are moving. ⚠️ Trade with structure, not emotions. #Bitget #CryptoMarket #BTC

Nasdaq-listed Sharplink Gaming (SBET) has made a landmark move in institutional cryptocurrency adoption by deploying $170 million worth of Ethereum (ETH) onto Consensys’ Layer 2 network, Linea. Reported first by CryptoBriefing and executed with Anchorage Digital as custodian, this transaction is one of the largest Layer 2 ETH commitments by a publicly traded company to date. The move highlights a growing trend of traditional finance firms actively using advanced blockchain infrastructure rather than simply holding digital assets. Sharplink’s Strategic ETH Allocation The $170 million ETH deployment is part of Sharplink Gaming’s broader corporate strategy. The online gaming and sports betting technology firm has been steadily increasing its exposure to digital assets, with Ethereum as a core holding. By moving its ETH onto Linea, Sharplink transitions from passive holding to active management, leveraging the network’s lower fees and faster transactions. This setup positions the company for potential use cases such as micropayments, smart contract execution, and treasury optimization. Anchorage Digital’s custody services provide regulatory compliance and institutional-grade security, giving the company and its shareholders confidence in the operation. Why Linea Matters Linea is a zkEVM (Zero-Knowledge Ethereum Virtual Machine) Layer 2 network developed by Consensys, the team behind MetaMask and Infura. Its main advantages include: Scalability: Batches transactions off Ethereum’s main chain, reducing costs by over 90%. EVM-Equivalence: Fully compatible with Ethereum smart contracts and development tools. Security: Inherits Ethereum’s strong security via cryptographic proofs. For Sharplink, this means moving large sums of ETH efficiently, accessing DeFi opportunities, and preparing for scalable blockchain operations. Anchorage Digital: Secure Institutional Custody Anchorage Digital’s role ensures that Sharplink’s ETH deposit meets the standards of public market operations: Regulatory Compliance: Federally chartered under OCC supervision. Security: Cold storage with multi-party computation (MPC). Auditability: Transparent transaction records for audits. DeFi Integration: Allows staking and other on-chain operations directly from custody. This infrastructure reduces risk and satisfies board and investor requirements for large-scale crypto deployments. Impact on Ethereum and Institutional Adoption Sharplink’s $170 million ETH deposit validates Layer 2 solutions for corporate treasuries, providing liquidity and credibility to the Linea ecosystem. It signals that Ethereum is ready for enterprise use beyond mere asset holding, attracting developers, liquidity providers, and other institutional players. Institutional Crypto Adoption Timeline 2020–2021: Companies like MicroStrategy and Tesla add Bitcoin to treasuries. 2022–2023: Focus expands to Ethereum, with some firms staking for yield. 2024–2025: Firms begin active deployment on Layer 2 networks for scalability and operational use, exemplified by Sharplink. Conclusion Sharplink Gaming’s $170 million ETH deployment on Linea represents a pivotal moment in institutional crypto adoption. It demonstrates how Layer 2 solutions can reduce costs and increase scalability, providing a blueprint for other public companies. As more institutions follow suit, Ethereum’s scalable networks are poised to see significant inflows of traditional capital, reshaping both finance and technology landscapes.

JUST IN: Trump Signals Next Fed Chair, Bitcoin Bulls Watch Closely 👀 In a surprising announcement today, former U.S. President Donald Trump revealed that he has made a decision regarding the next Federal Reserve Chair. While the official confirmation is still pending, sources indicate a 40% chance that Kevin Warsh could be tapped for the role. Warsh, a former Fed governor under President George W. Bush, has previously remarked that Bitcoin could “serve as a sustainable store of value, similar to gold.” This has sparked immediate speculation in crypto markets, with traders watching closely for how a Warsh-led Fed might approach digital assets. Following the announcement, major cryptocurrencies reacted with cautious optimism: $BTC showed signs of stabilization near key support levels. $ETH and $BNB also saw minor upticks as investors digested the news. Analysts note that Warsh’s potential appointment could signal a more crypto-friendly stance from the Fed, possibly influencing interest rate expectations and monetary policy in ways favorable to digital assets. With the market now focused on confirmation, crypto traders and investors are weighing how Warsh’s views on Bitcoin as “digital gold” could shape the next era of U.S. monetary policy.