PANews reported on July 12 that according to on-chain analyst Yu Jin’s monitoring, after acquiring 10,000 ETH directly from the Ethereum Foundation, SharpLink Gaming purchased another 21,487 ETH (US$64.26 million) through Galaxy Digital and Coinbase Prime in the past 6 hours. Since SharpLink Gaming began to reserve ETH in the MicroStrategy operating mode in early June, it has purchased a total of 253,000 ETH. The average purchase price was about US$2,647, and the current floating profit was US$79.88 million.



Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more