Sharplink Gaming has expanded its Ethereum treasury to 728,804 ETH, valued at approximately $3.4 billion, and has staked nearly the entire amount, generating 1,326 ETH in rewards. This accumulation represents over $3 billion in Ethereum purchases since May 2025. Despite reporting a $103 million loss in Q2 due to a non-cash write-down, Sharplink Gaming is positioned to outperform other companies managing Ethereum treasuries, according to Joe Lubin. Meanwhile, a prominent whale investor has been actively purchasing the cryptocurrency $HYPE, depositing $19.38 million in USDC into Hyperliquid over five hours to acquire more tokens. This whale currently holds 555,608 $HYPE, worth $25.62 million, and 2.16 million $FARTCOIN, valued at $2.026 million, with an open buy order for $HYPE between $45 and $46.05. Another whale spent 4,806 ETH (approximately $21.25 million) to buy 938,489 $LINK tokens across five wallets, having previously profited from trading ETH during the USDC depeg, dumping ETH before the UST/LUNA crash, and trading $SHIB at its 2021 peaks. The $LINK token has seen a recent price increase of 11.76% in the past 24 hours, with significant accumulation by multiple addresses. The price recovery of $LINK is noted as strong, with a potential breakout target of $31. Additionally, there are indications of increased whale activity in Bitcoin purchases.