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SharpLink's shares fell over 70% after the company's recent filing notifying a potential resale of over 68 million common shares.
The company plans to use the proceeds for general corporate purposes and potential acquisitions in line with its investment policy.
Anthony Pompliano is expected to lead a public company seeking to raise $750 million for Bitcoin purchases, the Financial Times reported.
The stablecoin bill, if passed by the Senate, will move on to the House of Representatives for further voting.
The proposals were made under former Chair Gary Gensler, who led the agency's 'regulation by enforcement' approach.
Israeli Defense Minister Israel Katz declared a state of emergency following the country's airstrikes on Iran.
Leading Ethereum supporters say the cryptocurrency is 'significantly mispriced' and poorly understood by institutional investors.
The executive is not the first Bitcoin bull to suggest that the asset's price will continue to rise well beyond its current value.
Ripple and the SEC are trying again to divvy up millions of dollars in fines, following a judge's rejection last month.
The U.S. Securities and Exchange Commission punted next steps on the Bitwise Dogecoin ETF, Grayscale Hedera Trust, and VanEck Avalanche ETF.