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Sharplink expands ETH treasury strategy, investing 200 million USD in ETH staking with Lido

According to GlobeNewswire, Sharplink (Nasdaq: SBET), an Ethereum treasury company, announced that it will stake $200 million worth of ETH through Lido, the largest liquid staking protocol on Ethereum, to enhance the yield capability of the company's ETH assets. Sharplink stated that after this staking, the company will receive wrapped staked ETH (wstETH) representing the staked ETH and its yields, which will be custodied by institutional-grade digital asset custodian Anchorage Digital.This configuration will further expand Sharplink's existing ETH staking and restaking strategies. Lido is currently one of the largest liquid staking protocols on Ethereum, with approximately $16.5 billion staked on the platform. Its wstETH token has been integrated by over 100 protocols, with about $10 billion used as collateral in DeFi. While users hold wstETH, the underlying ETH continues to earn staking rewards and can be used within the Ethereum DeFi ecosystem.Sharplink CEO Joseph Chalom stated that the introduction of Lido will further enhance the production efficiency of the company's ETH assets, leveraging the composability of wstETH while maintaining institutional-grade risk management standards. This collaboration will diversify the company's treasury strategy and connect to one of the most liquid and widely used assets in the Ethereum DeFi ecosystem. Vasiliy Shapovalov, Executive Director of Lido Labs Foundation, stated that Sharplink's increased use of Ethereum's native staking protocol and DeFi ecosystem reflects support for the Ethereum application ecosystem.

The AI boom has boosted the enthusiasm for "leveraged stock trading" in Japan, with the scale of retail investors' margin trading doubling in six months, reaching the highest level since 2016

According to the Nikkei News, individual investors in the Japanese stock market are accelerating their use of leverage to bet on AI trends. As of July, the amount of credit trading by individual investors in the Japanese stock market reached 123 trillion yen (approximately 1.09 trillion yuan), doubling since the beginning of the year and reaching the highest level since related statistics began in 2016.Data shows that in June, the scale of credit trading by Japanese individual investors hit a historical high, and in July it continued to maintain a high level. At the same time, the proportion of credit trading in the overall trading amount of individual investors rose to 83%, also setting a new record.AI concept stocks have become the main driving force behind the surge in credit trading, among which the credit buy balance of AI storage concept stock Kioxia reached 13.23 million shares as of August 7, making it one of the popular targets.Benefiting from the recent rise in the Japanese stock market, the overall performance of leveraged investors has been decent. The floating yield of credit trading investors briefly turned positive in June, although it fell back to a loss of 8.4% by the end of July, it is still better than the average loss level of the past 10 years (-10.2%).
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