4E: SharpLink will exchange all 200 million dollars for ETH, BNC will spend 160 million dollars to buy BNB

August 11th news, on-chain analyst Ember monitoring shows that 10 hours ago, a new wallet raised 52,809 ETH (about $220 million) from Coinbase Prime, and then distributed to 8 addresses for pledge, which contains SharpLink known address. Considering that the company just completed a $200 million stock financing last Friday, the market speculates that its funds have purchased all ETH over the weekend, raising its ETH holdings to about 621,000, worth about $2.65 billion, with an average price of about $3226.
Another Nasdaq-listed company, BNB Network Company (BNC), announced the purchase of 200,000 BNB (about $160 million), making it the world's largest enterprise-grade BNB holder. The company previously completed a $500 million private placement and listed BNB as a core reserve asset. The management also completed a reorganization and brought in executives such as Galaxy Digital co-founder David Namdar.
Macroscopically, the Federal Reserve's interest rate cut is expected to increase, the carry trade is active again, the dollar is weak; the market value of Ethereum has exceeded 500 billion US dollars, which has touched the threshold of public capital investment in some US states. Multi-chain DeFi TVL grew by about 35 billion US dollars to 150 billion US dollars this year.
4E reminds investors: large institutions up the ante layout of crypto assets or push up market sentiment, but price fluctuations and policy variables still exist, it is recommended to rationally allocate and do a good job in risk management.