Taiko activates preconfirmations.
SharpLink Gaming to raise $400m.
Bitmine reserve surpasses 1.1m ETH.
Fede donates $500k to Storm.
Taiko, an EVM-equivalent ZK-Rollup, activated preconfirmations on the Taiko Alethia Mainnet, allowing transactions to be confirmed 20–30x faster, enabling around 2-second block times, without compromising decentralization. Preconfirmations allow preconfirmers to give users a fast, economically backed commitment that their transactions will be included in the next block. Preconfirmers face slashing penalties if they fail to deliver. The upgrade improves user experience for dApps, DeFi, gaming, and more, compared to the previous 12-second confirmation times inherited from Ethereum’s block time. In the initial “Phase 1” rollout, only select partners are whitelisted as preconfirmers. A future “Phase 2” upgrade will enable permissionless preconfirmation and block-building.
SharpLink Gaming announced plans to raise $400 million through a registered direct offering priced at $21.76 per share, set to close around August 12, 2025. Proceeds will be used to expand its strategic ETH reserve. The company currently holds approximately 598,800 ETH, withan additional $200 million in undeployed capital, and expects its total ETH holdings to exceed $3 billion. Fundamental Global Inc also kicked off its ETH treasury with a purchase of 47,311 ETH, worth $202.8 million. FG Nexus made a symbolic purchase of 6,400 ETH on July 30, 2025, the 10-year anniversary of Ethereum, and has since fully deployed its $200 million private placement to grow its ETH holdings.
BitMine Immersion Technologies Inc. purchased approximately 317,000 ETH this week, increasing its treasury to 1.15 million ETH valued at about $4.96 billion. The purchase represents a nearly $2 billion increase from last week. The company launched its ETH reserve strategy on June 30, aiming to acquire 5% of all ETH in circulation. BMNR is also currently the 25th most liquid US stock, with an average daily trading volume of $2.2 billion.
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