SoSo Daily May 28 | SharpLink Gaming completes $425 million private placement financing, launches Ethereum financial strategy

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 23:50 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Elderglade (ELDE). As of 23:50 today, its market cap is 19.43M USD, with a coin price of 0.23129 USD, witnessing a 24-hour increase of 285%.
The second is Puffverse (PFVS). As of 23:50 today, its coin price is 0.073880 USD, with a 24-hour increase of 269%.
The third is First City in Mars (TERMINUS). As of 23:50 today, its coin price is 0.055430 USD, showing a 24-hour increase of 65.7%.
In fourth place is Shoggoth (Shoggoth). As of 23:50 today, its coin price is 0.010553 USD, with a 24-hour rise of 62.2%.
In fifth place is Tellor Tributes (TRB). As of 23:50 today, its coin price is 50.650 USD, increasing by 52.3% over the last 24 hours.


Moving on, let's take a look at the sector performance in crypto market.
Acccording to sosovalue, out of 16 sectors, 14 are up and 2 are down. Notably, $ETH, AI, and Others sectors are worth mentioning.
$ETH sector has risen 3.8% relative to the UTC 0 time, led by gains in $eth (3.8%).
AI sector has increased 2.79% relative to UTC 0, with shoggoth (54.9%), LUNA (25.5%), and ava (19%) leading the rise.
Others sector has risen 2.75%, with loom (46.7%), WCT (33.1%), and DMAIL (33%) leading the rise.

Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:SharpLink, a US-listed company, announced today that it has signed a securities purchase agreement to conduct a $425 million public company private investment in public equity (PIPE), planning to issue approximately 69.10 million common shares at a price of $6.15 per share. Consensys is leading the investment as the primary investor, with the transaction expected to be completed on May 29. SharpLink plans to use the raised funds to purchase $ETH as the company's main treasury reserve asset. After the transaction, Joseph Lubin, co-founder of Ethereum and founder of Consensys, will serve as chairman of the SharpLink board and will assist the company in developing its core business as a strategic advisor.
Next news:Cantor Fitzgerald announced that its new "Bitcoin Financing Business" has completed its first batch of transactions, with the initial clients being Maple Finance and FalconX. The company plans to initially offer financing of up to 2 billion USD to institutional clients. Brandon Lutnick, Chairman of Cantor Fitzgerald, stated that digital asset financial services have a transformative impact on the global economy, and this achievement highlights Cantor's professional strengths on Wall Street. Executives from Maple Finance and FalconX both indicated that this collaboration will promote the construction of institutional-grade credit infrastructure in the digital asset market. Cantor uses Anchorage Digital and Copper.co to provide custody services. Previously, the Financial Times reported that Cantor plans to collaborate with SoftBank, Tether, and Bitfinex on a 3 billion USD Bitcoin investment project.
Next news:Trump Media & Technology Group announced that it has reached subscription agreements with approximately 50 institutional investors for a private placement totaling nearly 2.50 billion USD. The company will use the proceeds to establish a corporate Bitcoin treasury. This offering includes 1.50 billion USD in common stock and 1 billion USD in convertible bonds, with a conversion price at a 35% premium over the current price. The company plans to include Bitcoin on its balance sheet alongside 759 million USD in cash and short-term investments as of the end of Q1 2025. Trump Media operates the social platform Truth Social and the fintech brand Truth.Fi, the latter authorized to invest up to 250 million USD in traditional investment instruments, Bitcoin, and related crypto assets. CEO and Chairman Devin Nunes stated that Bitcoin is the pinnacle tool for financial freedom; this investment will help the company resist harassment and discrimination from financial institutions and facilitate subscription payments and utility token transactions for Truth Social and Truth+. Crypto.com and Anchorage Digital will provide custody services for the Bitcoin treasury. Previously, Strategy (formerly MicroStrategy) pioneered the corporate Bitcoin reserve trend, holding a total of 580,250 Bitcoins.
Next news:Echo, an angel investing platform founded by crypto trader Cobie, has launched Sonar, a new ICO platform. Sonar's debut sale features Plasma, a blockchain designed for stablecoins, aiming to raise $50 million by selling 10% of its XPL tokens at a $500 million valuation. The sale opens with pre-deposits on June 9, allowing global participation except for UK and sanctioned regions, with lockup periods for US and other participants. Plasma operates as a Bitcoin sidechain compatible with Ethereum Virtual Machine, supporting stablecoin economy scaling and zero-fee USDT transfers. Funds raised will support team expansion and infrastructure development. The Plasma blockchain is in private testnet, with public testnet and mainnet planned for later in the year. The project has backing from notable investors including Founders Fund and Cobie.
Next news:Wu Shuo learned that MetaMask announced the latest version of the MetaMask browser extension has officially integrated the Solana network. Users can manage Ethereum and Solana accounts in parallel within a single interface, enabling them to send, receive, swap, cross-chain, and purchase Solana tokens, as well as access Solana ecosystem DApps. The official statement also indicated that mobile support will be launched within a few weeks.
Next news:According to Foresight News, James Wynn has once again reduced his $BTC long position to 365 million USD, with a loss of 5.26 million USD on the sale of 2,406 BTC.
Next news:Trump Media & Technology Group's US stock surged over 7% in pre-market trading.
Next news:WuShuo has learned that Coinbase announced it will delist Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN), and Synapse (SYN) around 2:00 PM Eastern Time on June 26, 2025, due to these tokens having released new versions. The original versions no longer meet its listing standards.
Next news:Strive has completed a $750 million private investment in public equity (PIPE) financing, with an option to raise an additional $750 million if the warrants are exercised. These funds will support Strive's Bitcoin strategy. Last week, the company stated that it is focusing on the $7.90 billion Mt. Gox Bitcoin claims and aims to establish its own Bitcoin treasury, as well as go public through a merger with Asset Entities (ASST). (CoinDesk)
Next news:James Wynn increased his position by 659.44 $BTC, with the long position returning to 440 million USD.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.