SharpLink welcomes Joseph Chaloam as joint CEO, focusing on ETH strategy developments
In the ever-evolving world of cryptocurrencies, Ethereum continues to make significant strides, with recent developments pointing towards increased institutional interest and adoption of Decentralised Finance (DeFi) solutions.
On July 24, 2025, Joseph Chalom, a former executive at BlackRock, joined SharpLink Gaming as Co-CEO. This strategic shift marks a significant move towards Ethereum integration and institutional DeFi adoption. Chalom's appointment is seen as a validation of SharpLink's ETH treasury strategy by Joseph Lubin, Chairman of SharpLink, Co-Founder of Ethereum, and CEO of Consensys.
The move by Chalom could potentially influence market strategies, affecting trading volumes of approximately $27.17 billion. The U.S. Securities and Exchange Commission (SEC) has yet to comment on Chalom's strategic involvement with SharpLink Gaming.
Meanwhile, Ethereum's price has been on an upward trajectory, recording a 3.63% price rise over 24 hours and a 60.75% increase over 30 days. This growth has elevated Ethereum's current market value to $3,859.89, with a market cap of $465.93 billion and a dominance of 11.83%.
Ethereum whales are also contributing to the platform's growth. One whale recently withdrew $188 million ETH from OKX in five days, while Yunfeng Financial acquired 10,000 ETH in a strategic crypto investment move.
The Ethereum Foundation is also making strides in enhancing scalability. Upbit's GIWA Initiative aims to boost Ethereum Layer 2 scalability, while the Ethereum Foundation launched the BETH token to tokenize ETH burns.
The increased activity in Ethereum could potentially lead to increased activity in staking, affecting decentralized finance (DeFi) protocols. Coincu research suggests that this institutional shift may lead to broader regulatory interest in DeFi spaces.
Ark Invest is another player making strategic moves in the Ethereum space. They have raised BitMine holdings to $267 million as part of an Ethereum strategy. The market could see increased activity in Ethereum staking, potentially affecting DeFi protocols.
On the DeFi front, Linea Network's DeFi TVL (Total Value Locked) has reached a record $893 million. These developments underscore the growing popularity and potential of Ethereum in the DeFi space.
John Kojo Kumi, a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem, offers insights into these developments. Kumi holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, and is a Crypto News Writer and Registrar at the Commission on Human Rights and Administrative Justice.
Ethereum bulls predict a potential price rise above $4,500 due to strong DeFi TVL demand. As these developments unfold, it is clear that Ethereum continues to be a significant player in the cryptocurrency market, with potential for further growth and adoption.
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