CRYPTO WORLD NETWORK NEWS

SharpLink Gaming Faces Share Decline Amid $400 Million Ether Acquisition Deal

August 19, 2025August 12, 2025 CRYPTO WORLD

SharpLink Gaming recently announced a $400 million share purchase deal to enhance its Ether holdings. This strategic move is expected to raise its total ETH assets to over $3 billion, positioning the company as a significant player in the cryptocurrency market. Following the announcement, SharpLink’s shares fell over 6.5% to $22.34 but saw a recovery in after-hours trading, gaining nearly 3.5% to $23.10. This volatility reflects investor sentiment and market dynamics surrounding cryptocurrency investments. What are the implications of SharpLink’s Ether purchase? The purchase is expected to enhance SharpLink’s market…

Vitalik Buterin Proposes Ethereum Address Recovery Feature to Enhance Wallet Security

August 18, 2025August 12, 2025 CRYPTO WORLD

Vitalik Buterin, co-founder of Ethereum, recently suggested a feature that allows users to set Ethereum addresses as a recovery method for their wallets. This innovative approach aims to enhance security and user trust within the Ethereum ecosystem. How Could This Feature Enhance Security? The proposed recovery method could significantly improve the management of digital assets. By allowing users to recover access through Ethereum addresses, the risk of losing access to wallets is reduced. This could make Ethereum more appealing to both new and existing users. What are the benefits of…

Cryptomixer founders pled guilty to laundering money for cybercriminals

August 15, 2025August 12, 2025 CRYPTO WORLD

The founders of the Samourai Wallet (Samourai) cryptocurrency mixer have pleaded guilty to laundering over $200 million for criminals. Samourai CEO Keonne Rodriguez and CTO William Lonergan Hill admitted to their involvement in the Samourai money laundering operation, pleading guilty to conspiracy for operating a money transmitting business that handled criminal proceeds, and are now facing a maximum sentence of five years in prison. As part of their plea agreements, Rodriguez and Hill have also agreed to forfeit $237,832,360.55. The two defendants were arrested in April 2024 and charged by…

Hong Kong Grants OSL License for Retail Solana Trading

August 14, 2025August 12, 2025 CRYPTO WORLD

Hong Kong’s Securities and Futures Commission (SFC) has granted approval to OSL HK, the city’s first licensed digital-asset exchange, to offer retail trading of Solana (SOL). This development makes Solana the fifth cryptocurrency available to retail investors under the city’s regulated regime, joining Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), and Chainlink (LINK). The exchange confirmed that Solana trading went live on August 11, 2025, at 11:00 PM (UTC+8) via its “Flash Trading” service. Retail traders can now access three trading pairs — SOL/USD, SOL/HKD, and SOL/USDT — with both deposits…

8% of Ethereum Supply Now Sitting in ETFs or Company Reserves

August 13, 2025August 12, 2025 CRYPTO WORLD

Ethereum ETFs and strategic reserves now account for 7.98% of ETH’s total supply, according to data from Strategic ETH Reserve.xyz. This percentage has risen from about 3% as recently as the beginning of April, when no publicly listed company held any Ethereum as a reserve asset. Since then a wave of corporations have added ETH to their treasuries, helping the altcoin to rise from $1,800 in early April to its current price of $4,300. This includes firms such as Bitmine Immersion Tech, The Ether Machine and SharpLink Gaming, which respectively…

Shiba Inu Top Developer Breaks Silence on LEASH Supply Boom

August 12, 2025 CRYPTO WORLD

Kaal Dhairya, Shiba Inu’s (SHIB) top developer, has provided clarity on the surprise and controversial change in LEASH’s token supply. In an update shared on X, Dhairya explained how LEASH’s total supply increased by approximately 10%. Notably, LEASH supply increased after an additional 10,765 new tokens were created on the platform on Aug. 11, 2025. This marked a significant development given that, for many years, community members believed in a fixed supply. The project had also claimed that it disabled rebasing. For clarity, rebasing means automatically adjusting the token supply…

The Sandbox launches largest LAND sale to date on GBM Auctions

July 31, 2025July 18, 2025 CRYPTO WORLD

The Sandbox, the leading social gaming metaverse, is partnering exclusively once again, with GBM Auctions to launch its largest set of auctions for LAND to date. The drop includes 110 LANDs (including 4 Estates exclusive to this sale) and 220 branded avatars across 22 IPs, all distributed via GBM Auctions’ Win-Win auction protocol. In a first for The Sandbox, auctions will precede its own platform sale, highlighting a shift in how LAND is brought to market and underscoring GBM’s role as the auction layer for Web3-native asset distribution. A fairer…

Fumbi Network acquires DLTPAY, a Techstars-backed fintech application

July 28, 2025July 18, 2025 CRYPTO WORLD

Fumbi Network, a leading investment platform for digital assets in the CEE region, just announced the acquisition of DLTPAY, a seed-stage fintech firm known for its non-custodial wallet application built around stablecoins. “We saw an opportunity to scale our services more efficiently with a solution that fits well with Fumbi’s vision, to better meet the needs of our growing user base,” said Juraj Forgacs, CEO and Founder of Fumbi Network. “Through this acquisition, we can accelerate the rollout of new features requested by our users, while expanding capabilities across the…

Rewardy Wallet becomes Korea’s largest digital asset wallet just 10 months after the launch

July 25, 2025July 18, 2025 CRYPTO WORLD

Rewardy Wallet, a digital asset wallet service, has emerged as South Korea’s largest Web3 wallet platform just 10 months after its launch. Notably, the platform has seen massive adoption from general Web2 users with no prior experience in digital assets, signaling a major shift in the local Web3 landscape. “Web3 in the backend, UX like Web2” – A game-changing user experience At the core of Rewardy Wallet’s rapid ascent is its user-centric UX strategy. Unlike traditional blockchain wallets that require seed phrases, network selection, and gas fee calculations, Rewardy eliminates…

Derp.trade, first derivatives launcher on Solana is now live

July 23, 2025July 18, 2025 CRYPTO WORLD

Derp.trade is the world’s first derivatives launcher. It’s built on top of pump.fun – Solana’s leading protocol for coin creation. With Derp, users can create memecoins that are instantly tradable with leverage up to 100X. Launched just 24 hours ago, derp.trade is already making noise, with core metrics at: 85+ coins created 2000+ trades in derp markets $1.5M+ trading volume in derp markets $9M+ of trading volume generated on pump.fun 9000 daily active users “Derp.trade launched just eight hours ago, and while we’re still gathering the full numbers, @DerpyOnDerp alone…