[This Week's Top Coin News] Sharplink Gaming Announces Earnings, FTX Distributes $1.9 Billion, and More

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This week, several cryptocurrency news headlines are scheduled that could cause volatility in specific or affected ecosystems.

Traders looking to protect their portfolios can monitor and trade the following cryptocurrency news headlines starting Monday.

FTX to Distribute $1.9 Billion to Creditors

Following the collapse of the FTX exchange a few years ago, this bankrupt cryptocurrency platform is making efforts to rescue creditors.

According to reports, the exchange plans to distribute $1.9 billion to creditors. This is in accordance with a court decision approving another round of repayment, with the claim eligibility cutoff date being August 15. However, as BeInCrypto reports, distribution will start from September 30.

"A new wave of liquidity could return to the market," Coin Bureau mentioned.

Indeed, the repayment could have a positive impact on the cryptocurrency market if creditors reinvest or recycle the repayment into the market.

SharpLink Gaming Revenue

Another cryptocurrency news headline this week is SharpLink Gaming's earnings announcement, which is particularly important for Ethereum traders. Scheduled for August 15, shareholders' reactions are anticipated.

The company recently announced a strategic shift to Ethereum, completely excluding Bitcoin. Competing with Thomas Lee's Bitmain, it has become a key indicator of the largest altcoin by market capitalization in the Ethereum strategic reserve campaign.

Ethereum Treasury Companies
Ethereum Treasury Companies. Source: Strategic ETH Reserve XYZ

With BlackRock's digital assets head recently moving to SharpLink, the company is accelerating its Ethereum strategy.

Therefore, as the Ethereum flywheel accelerates at SharpLink Gaming, a positive earnings report could have a positive impact on Ethereum and boost market optimism for ETH.

"I will have a bigger announcement this week. I won't spoil the surprise," a user joked.

Sharplink Gaming (SBET) Stock
Sharplink Gaming (SBET) Stock. Source: Google Finance

According to Google Finance data, SharpLink Gaming's SBET stock is currently trading at $23.92, up 0.56% in pre-market trading.

Curve Token Issuance Decreases by 5%

Another notable cryptocurrency news is the Curve token issuance. CRV inflation has decreased to 5.34%, resulting in 315,600 CRV per day. This measure will occur on Tuesday, August 12, and is expected to reduce inflation in the CRV ecosystem.

"The time has come again: CRV issuance is decreasing. The new rate of CRV will drop from approximately 137.4 million CRV annually (about 4.36 CRV per second) to approximately 115.5 million CRV annually (about 3.66 CRV per second), marking the start of Epoch 5. The CRV issuance rate decreases annually in August according to Curve's hardcoded issuance schedule. The previous decrease started on Monday, August 12, 2024, at 22:17 UTC," Curve Finance shared in its official announcement.

CRV issuance follows a fixed, immutable schedule based on epochs, with each epoch lasting exactly one year. Every time a new epoch begins, the issuance rate decreases at a constant rate of 2^(1/4) ≈ 1.189.

The Curve Network is celebrating its 5th anniversary. On its 4th anniversary, emissions decreased to 6.35%, resulting in 375,000 CRV per day.

CRV turns 4 years, and CRV inflation reduces to 6.35%, which is 375k CRV per day.

Congratulations everyone! pic.twitter.com/eHsDZfMvkt

— Curve Finance (@CurveFinance) August 12, 2024

In a recent post, the Curve Finance network stated that no voting is required for this transition.

Lombard LBTC Begins Generating Bitcoin Yield

Lombard Finance is gaining attention this week as it begins accumulating Bitcoin yield. The acquired BTC yield can be used as loan collateral or provide liquidity in DeFi.

Mark your calendars: August 11

LBTC officially starts accruing BTC yield.

This upgrade isn't just technical, it changes how BTC works for you.

From cheaper stablecoin borrows to simpler treasury management and more BTC out than you put in, here are 10 things to expect… pic.twitter.com/fKDZTXEKju

— Lombard (@Lombard_Finance) August 7, 2025

Notably, users do not need to claim the yield. It accumulates automatically, making it easily integrated into money markets and other structured products. Bitcoin is now more liquid and productive.

This move could increase the value of LBTC relative to BTC, allowing for passive yield generation.

Sonic Labs Announces Potential S Accumulation by Listed Companies

Amid increasing interest in altcoin treasury from public companies, Sonic's S token could be next in line.

"Nasdaq-listed public treasury companies are exploring adding S to their financial statements." – Sonic Labs announcement.

Meanwhile, Michael Saylor views this increasing interest as a potential catalyst for Bitcoin. BTC giants are accelerating their portfolio strategies ahead of this wave.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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