Ethereum News Today: Bitcoin Eyes $125K As SharpLink Buys 500K ETH And Vitalik Focuses On Linea

Investors and traders are closely watching three key developments in the crypto space: Bitcoin’s price trajectory, Ethereum’s layer-2 evolution through Linea, and the expansion of Ethereum holdings by SharpLink Gaming. These events are being tracked on Myriad Markets, a prediction platform where users bet using USDC or points on real-world outcomes [1].

Bitcoin’s price remains a focal point as it sits at $116,677, positioned between the $105K and $125K thresholds. Predictors are leaning bullish, with 64% favoring a $125K target over a $105K dip. This confidence grew by 13% in the last 24 hours as BTC rebounded from a low of $113K following ETF inflows and news of a potential executive order by U.S. President Donald Trump to include crypto in 401K plans. Analysts suggest the recent dip was a temporary correction amid a broader bull market [1].

Meanwhile, Ethereum co-founder Vitalik Buterin has drawn attention for his ongoing focus on layer-2 solutions. A prediction market on Myriad asks whether he will mention Linea—an Ethereum layer-2 network—on his blog or social media by the end of the year. Predictors give a 52% chance of a “yes” outcome. Recent developments on Linea, including its tokenomics announcement and a proposed token generation event, may prompt further commentary from Buterin. His past discussions have emphasized the importance of ETH-aligned layer-2s, a direction that Linea has explicitly taken by burning ETH to affect supply [1].

SharpLink Gaming, now a public company trading under SBET, has been rapidly accumulating Ethereum since May. The firm currently holds over 500,000 ETH, valued at more than $1.9 billion. A prediction market on Myriad is asking whether SharpLink will reach one million ETH by September 16, though predictors are skeptical, with 55% betting against it. The company recently increased its stock sale offering and raised $200 million through a direct offering to fund further ETH purchases. SharpLink has also used social media to emphasize its target of one million ETH as its “first milestone,” suggesting continued aggressive accumulation [1].

These developments highlight a broader trend of institutional and strategic interest in crypto assets. Bitcoin’s price outlook remains volatile but shows signs of stabilization, while Ethereum’s ecosystem continues to expand through layer-2 innovations. SharpLink’s ETH buildup underscores the growing appeal of Ethereum as a store of value within the gaming and entertainment sectors.

Source: [1] Myriad Moves: Bitcoin Price Targets, Sharplink Ethereum Holdings and Vitalik’s Mentions (https://decrypt.co/334055/myriad-moves-bitcoin-price-sharplink-ethereum-vitalik)