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Is Ethereum 4000 promising?



- SharpLink Gaming has increased its ATM facilities from $1 billion to $6 billion, planning to use most of the funds to expand its Ethereum treasury, which currently holds over 280,000 ETH.

- BitMine's Ethereum treasury has reached 300,000 ETH, valued at over $1 billion, which is more than three times the $250 million raised in the private placement earlier this month.

- In the past two months, several listed companies such as Bit Digital and BTCS have turned to the Ethereum treasury, planning to profit through staking and enhance the per-share ETH value for shareholders. Since the end of May, the Ethereum treasury companies have added over 700,000 ETH.

- BlackRock has applied to add staking to its iShares Ethereum Trust (ETHA), and Nasdaq has submitted a related request to the SEC. The trust saw a net inflow of $500 million on Wednesday. Bloomberg analysts expect staking to be approved by the fourth quarter of 2025. Fidelity, Grayscale, and others are also awaiting the SEC's decision on incorporating staking into their Ethereum ETF products.

- Ethereum briefly surpassed $3500 on Thursday, with hopes of rising to $4000 to achieve the bullish flag target. #ETH#
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