News

Foresight News reports that, according to Ember monitoring, SharpLink Gaming (NASDAQ: SBET) received 10,000 ETH from the Ethereum Foundation address 10 minutes after announcing its acquisition of 10,000 ETH from the Foundation. Since early June, SharpLink Gaming has been accumulating ETH reserves following a MicroStrategy-style strategy, having purchased a total of 232,000 ETH at an average price of approximately $2,615. The current unrealized profit stands at $84.25 million.

Foresight News reports that Tether has announced it will end support for USDT on five blockchains—Omni, Bitcoin Cash SLP, Kusama, EOS, and Algorand—effective September 1, 2025. At that time, redemptions will cease and any remaining tokens on these chains will be frozen. Tether stated that this move is part of a strategic infrastructure review aimed at optimizing resource allocation and focusing on chains with greater scalability, developer activity, and community engagement, such as Layer 2 solutions like the Lightning Network and emerging blockchains. These five chains played a significant role in Tether’s early development, but USDT usage on them has declined sharply over the past two years. Tether CEO Paolo Ardoino said that discontinuing support for legacy chains will help the company concentrate on key platforms driving stablecoin adoption. Users currently holding USDT on these chains are advised to redeem or migrate their tokens to supported chains through service providers as soon as possible.