ETH version of micro strategy rises more than 17 times Trump Group announces 2.5 billion Bitcoin transactions

Reprinted from jinse

05/28/2025·11D

Headlines

▌ "ETH version of micro strategy" SharpLink Gaming rose by more than 650% today, and rose by more than 17 times in three days

Market data shows that SharpLink Gaming, a US listed company in the "ETH version of micro strategy", rose more than 650% today and is now at US$49. The stock price was only US$2.79 three trading days ago, up more than 17.56 times in three days. Previously reported that SharpLink Gaming announced its Ethereum treasury reserve strategy today, intending to raise US$425 million to increase its holdings in ETH. Consensys Software Inc. is a leading investor, and the participants include well-known crypto venture capital institutions such as ParaFi Capital, Electric Capital, Pantera Capital, and Galaxy Digital. The transaction is expected to be completed on May 29. SharpLink plans to use the funds raised to purchase Ethereum as the company's main treasury reserve assets.

▌Trump Media Technology Group (DJT.O) announces about $2.5 billion in Bitcoin funding transactions

Trump Media Technology Group (DJT.O) announced that it had reached a transaction of about $2.5 billion in Bitcoin funds, and plans to raise funds to build Bitcoin reserves.

Quotes

As of press time, according to CoinGecko data:

The price of BTC is US$109,100, with a 24-hour ups and downs of -0.8%;
ETH price is US$2,661.45, with a 24-hour up/down +3.9%;
The price of BNB is US$687.15, with a 24-hour ups and downs +2.1%;
The SOL price is US$176.80, with a 24-hour ups and downs +1.1%;
DOGE price is US$0.2281, with a 24-hour ups and downs +0.2%;
XRP price is US$2.32, with a 24-hour up/down +0.5%.

policy

▌U.S. Congressman Lummis: Trump supports Bitcoin bill

U.S. Sen. Cynthia Lummis, Wyoming, said Tuesday that Trump supported her proposed Bitcoin bill. At the Bitcoin Conference in Las Vegas, Loomis said Trump “has a team at the White House working on digital assets issues—from stablecoins to market structures, to strategic Bitcoin reserves—and they may launch in that order.” The Senator’s draft Bitcoin bill suggests building a strategic Bitcoin reserve and buying 1 million Bitcoins for that.

▌Trump administration officials say "Bitcoin is the gold standard" and make it clear that it will not sell government-owned Bitcoins

At the ongoing "Bitcoin 2025" conference, President Trump's executive director said: "Bitcoin is the gold standard." He stressed: "We will not sell any bitcoins that the U.S. government may hold."

Blockchain application

▌MetaMask officially supports Solana network

According to the official announcement, the MetaMask extension version has now officially supported the Solana network. Users can manage Ethereum and Solana accounts on the same interface, send, receive, exchange, bridge and purchase Solana-based tokens, and interact with the Solana dapp.

▌Cetus promises to fully compensate stolen assets if the community votes to pass

Cetus issued a statement saying, "We will use cash and token reserves to fully cover the current stolen assets off-chain under the premise of the upcoming community vote and recovering the locked funds. This includes a key loan from the Sui Foundation to achieve 100% compensation for all affected users." Cetus urged Sui community to support and said, "We are well aware that this is a very requested result from our actions, but we believe this is the most correct decision for affected users. Regardless of the voting results, the project party promises that the recovery work will be started immediately and a detailed plan will be formulated."

Cryptocurrency

Cantor Fitzgerald launches $2 billion Bitcoin loan program

Cantor Fitzgerald LP officially launched its $2 billion Bitcoin loan program, with the first transactions being cryptocurrency companies FalconX Ltd. and Maple Finance. Digital asset broker FalconX has completed a Bitcoin-backed financing arrangement that plans to withdraw more than $100 million through its "wider credit framework" with Cantor. At the same time, Maple Finance also announced that it had completed the first batch of funds delivery with the Cantor financing facility.

▌BlackRock executives: Bitcoin’s upside is much higher than gold

At the ongoing "Bitcoin 2025" conference, BlackRock Managing Director said, "Bitcoin has a much higher room for upward leverage than gold."

▌Trend Research, a subsidiary of Yilihua, increased its ETH to 133,600 through leverage, with a market value of US$358 million

According to on-chain analyst Yuchen Monitor, an institution or giant whale purchased a total of 8846.5 ETH at an average price of US$2,600 through four addresses in the past day, costing US$23 million. The source of funds is to borrow it after Aave mortgaged with ETH, indicating that it is leveraging to increase its position. Currently, the entity holds a total of 133,600 ETH, with a market value of approximately US$358 million. Trend Research, a subsidiary of Yilihua, said that "the above address is the address of this institution." Moreover, since ETH opened a position at US$1,400 and published a research report at US$1,800, it is still firmly optimistic about the prospects of ETH and its blue-chip ecological assets.

Important economic trends

▌Trump appreciates EU 's acceleration of trade negotiations with the United States

U.S. President Trump said he was encouraged by the EU's acceleration of trade negotiations. "I just learned that the EU has proposed to determine the time of the talks as soon as possible. This is a positive signal and I hope they will open up markets in European countries to the United States," Trump said on social media on Tuesday.

Golden Encyclopedia

▌Will blockchain networks suffer from DDoS attacks?

Distributed Denial of Service (DDoS) attacks aim to paralyze online systems through massive requests. Although blockchain networks are more resilient due to decentralization, they can still be attacked, such as causing network congestion or node crashes through spam transactions, affecting normal operation. To prevent DDoS, blockchain needs to strengthen security measures at the node and network levels, including improving processing capabilities, deploying firewalls, regular audits and redundant construction to ensure stable network operation.

Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.