SharpLink Gaming (SBET) experienced a significant surge, soaring 13.53% in a 24-hour period, as crypto-related stocks rallied across the board. The company's stock movement outpaced the initially reported 11% increase, reflecting strong investor enthusiasm in the crypto sector during overnight trading.

The broader crypto market showed robust performance, with several other crypto-related stocks posting substantial gains. BTCS led the pack with a 16% increase, while Canaan rose 9%, and industry giants like Coinbase and Circle saw more modest gains of 2% and 1%, respectively. This widespread rally in crypto stocks appears to be closely tied to the performance of major cryptocurrencies.

Ethereum, the second-largest cryptocurrency by market capitalization, played a crucial role in driving market sentiment. The digital asset broke through the $3,700 barrier, trading at $3,741 with a 4.27% increase over 24 hours. Adding to the positive momentum, recent data from Farside revealed that the U.S. Ethereum spot ETF experienced a substantial net inflow of $2.1824 billion in the past week, potentially fueling investor confidence in Ethereum-related technologies and businesses.