Joseph Lubin recently shared insights about SharpLink’s mission, the growing competition in Ethereum treasuries, and how their approach stands out. He also discussed prediction markets, ETH regulations like the GENIUS Act, and where Ethereum might be headed over the next decade.

**SharpLink’s Position in Ethereum Treasury Space**

Lubin acknowledged the surge of new players entering the Ethereum treasury space. According to him, this competition is healthy and shows how much Ethereum is becoming central to finance. SharpLink was one of the first to jump in and plans to keep leading the way by growing its ETH holdings and staying ahead with smart strategies.

Ethereum has already become a major part of global finance, settling around $25 trillion in transactions in 2024 alone. It hosts most stablecoins, real-world asset (RWA) tokens, and DeFi applications. Lubin sees SharpLink as helping push this forward, especially with more regulatory clarity and the arrival of ETH-based ETFs that make it easier for investors to gain exposure.

**Staying True to Its Gaming Roots**

While SharpLink is focused on building its ETH treasury, it hasn’t abandoned its original business. The company still supports online sports betting and gaming, and Lubin said these areas will continue to grow alongside their crypto initiatives.

**The Role of Prediction Markets in Crypto**

Lubin praised platforms like Polymarket, Kalshi, Myriad, and Omen for bringing valuable use cases to life using blockchain. Prediction markets allow people to bet on real-world outcomes and can offer insights into what people believe will happen. As more people join these platforms, they could evolve into tools for making group decisions or even influencing how organizations are run—through concepts like futarchy or decision markets.

**SharpLink’s ETH Accumulation Strategy**

SharpLink currently holds 598,800 ETH and aims to reach one million soon. Lubin explained that there’s no fixed timeline but said the goal is to keep buying as long as prices make sense. He emphasized that Ethereum and Bitcoin are now seen as strong forms of money—resistant to censorship and government interference.

The idea is to build the largest and most trusted ETH treasury on public markets while giving shareholders long-term value.

**Friendly Competition with Other ETH Treasuries**

Lubin spoke positively about Tom Lee and BitMine Immersions, another ETH-focused firm. While both companies have similar goals, Lubin said SharpLink’s strength lies in its deep connection to Ethereum and its team’s experience in managing crypto assets. SharpLink plans to offer top-tier yields while keeping investor risk in check.

**Staking in ETH ETFs Could Be Coming Soon**

According to Lubin, ETF providers are optimistic that staking will be approved soon, possibly this year. If allowed, staking could bring extra rewards for investors and strengthen Ethereum’s ecosystem overall.

ETFs might stake between 50% to 70% of their ETH while managing liquidity carefully. In contrast, companies like SharpLink can go further by staking all of their ETH, offering higher yields with lower risk.

**GENIUS Act and Other Crypto Laws**

Lubin called the GENIUS Act a major step forward. It brings needed regulation to stablecoins—a key use case for blockchain tech. Most stablecoins live on Ethereum or Ethereum-based networks, so this law solidifies Ethereum’s role in digital finance.

He also supports the upcoming CLARITY Act, which aims to create clear rules for different types of tokens—like those tied to real assets or used in decentralized apps. These regulations could help bring even more legitimacy to Ethereum-based finance.

**Using Leverage for Growth**

SharpLink may start using equity-linked tools like convertible bonds. This move would let the company grow faster than just holding ETH. Lubin said any such move would be cautious and only done if it creates more value for investors.

**Inspired by Michael Saylor—but With a Twist**

Lubin credited Michael Saylor and his company Strategy for inspiring SharpLink’s launch. But he pointed out that ETH offers more flexibility than Bitcoin. While both are strong digital assets, ETH generates yield through staking and DeFi tools. This gives ETH-focused treasuries like SharpLink more ways to grow investor value over time.

**What Could Slow Down ETH’s Growth?**

Lubin believes the main risk to Ethereum isn’t technical—it’s political. Under previous SEC leadership, unclear rules slowed progress. But now, with changing policies and support from financial institutions, Ethereum is moving into a growth phase. Demand is rising while supply stays limited or even decreases—a strong setup for price appreciation.

**Biggest Misunderstanding About Ethereum**

Lubin said many still don’t understand Ethereum’s full potential. It’s more than just a cryptocurrency—it’s the foundation for a new kind of economy. In the future, most transactions—whether between people or AI—could happen on Ethereum because of its ability to securely verify everything on-chain.

**Looking Back—and Forward—at Ethereum’s Journey**

Ethereum just celebrated its 10th birthday. In that time, it has become the go-to platform for programmable money. It has never gone offline and last year alone processed $25 trillion in transactions.

So where will it be in another 10 years? Lubin sees Ethereum as the backbone of the global financial system—a place where everything from payments to contracts happens seamlessly on-chain.