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SharpLink points to staking, ETF flows and RWA data as institutional Ethereum adoption builds
SharpLink said institutional Ethereum adoption indicators are strengthening even as ETH has stayed near bear-market lows since early February. The firm cited 38.7 million ETH staked (about $89 billion, roughly 32% of supply), exchange balances at 15 million ETH, and US spot ETH ETF flows turning positive in April. ETH traded just above $2,250 late Tuesday and rebounded to just under $2,300 in Asia on Wednesday, still nearly 54% below its August 2025 all-time high.
ETH
ETH-1.12%
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Arc, Canton and Tempo surpass $1B in funding as institutions back configurable privacy
Arc, Canton, and Tempo have collectively raised more than $1 billion in rounds that closed between October 2025 and May 2026, with combined valuations said to exceed $10 billion. The projects are backed by firms including Goldman Sachs, BlackRock, Stripe, Paradigm, and a16z, reflecting a growing push for configurable, compliance-friendly privacy for institutional on-chain activity.
ETH
ETH-1.12%
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Kenya's Finance Bill 2026 adds VASP reporting and restores 20% gambling tax
On April 30, 2026, Treasury Cabinet Secretary John Mbadi submitted Kenya's Finance Bill 2026 to Parliament, proposing annual information returns for virtual asset service providers and reinstating a 20% withholding tax on gambling winnings. The National Assembly opened public participation on May 11, while the bill also outlines wider tax changes including new data-sharing powers for virtual-asset tax information and adjustments to excise measures.
BTC
BTC-1.27%
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