SBET (Sportbet.one Token) rose 5.17% in the last 24 hours.

Gate News Bot news, on August 8th, according to CoinMarketCap data, as of the time of writing, SBET (Sportbet.one Token) is currently priced at 0.00477641 USD, having risen 5.17% within the last 24 hours, with a peak of 0.00600061 USD and a low of 0.00449473 USD. The current market capitalization is approximately 602,400 USD, an increase of 29,600 USD compared to yesterday.

Sportbet.one is the first decentralized sports betting platform based on the EOS blockchain, combining smart contracts with sports betting. The platform does not require identity verification and offers convenient cryptocurrency deposit and withdrawal services, supporting various cryptocurrencies such as Bitcoin and Ethereum. Sportbet.one also provides online casino games, including slot machines, table games, and live dealer games. The platform employs provably fair technology to ensure the randomness and fairness of game outcomes.

Important news about SBET recently:

1️⃣ SharpLink Gaming significantly increases its holdings in Ethereum SharpLink Gaming purchased 77,000 Ethereum again on July 29, bringing its total holdings to over 1.6 million ETH, worth over $1.6 billion. As the parent company of SBET, SharpLink Gaming has become the largest enterprise-level holder of Ethereum in the world, surpassing the Ethereum Foundation. This move demonstrates the company's strong confidence in the long-term development of Ethereum and may have a positive impact on the market performance of SBET.

2️⃣ Former BlackRock executives join SharpLink Gaming On July 25, SharpLink Gaming appointed a former executive director of BlackRock as co-CEO. This executive from the world's largest asset management company is expected to bring rich experience in financial markets and strategic vision to the company, which may promote the integration of SBET in both the cryptocurrency and traditional financial sectors.

3️⃣ SharpLink Gaming continues to rise its Ethereum strategy On July 22, the Ethereum holdings of SharpLink Gaming surpassed $1.3 billion. The company's strategy of continuously increasing its Ethereum holdings has attracted widespread attention in the market, reflecting its long-term optimism about the cryptocurrency market, particularly the Ethereum ecosystem. This positive market positioning may indirectly enhance the investment attractiveness of SBET.

From a technical perspective, the recent pump trend of SBET is highly related to its parent company SharpLink Gaming's active layout in the cryptocurrency market. On the fundamental side, the company has demonstrated strong development potential and market confidence by significantly increasing its holdings of Ethereum and introducing senior management talent.

This message does not constitute investment advice, and investment should be made with caution regarding market volatility risks.