{"id":49593,"date":"2025-09-25T21:01:45","date_gmt":"2025-09-25T21:01:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=49593"},"modified":"2025-09-25T21:01:45","modified_gmt":"2025-09-25T21:01:45","slug":"sharpbet-makes-stock-tokenization-gamble-as-eth-price-loses-4000","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=49593","title":{"rendered":"Sharpbet Makes Stock Tokenization Gamble As ETH Price Loses $4,000"},"content":{"rendered":"
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A Nasdaq-listed company just moved to put its stock on Ethereum on the same day Ether slipped below $4,000 amid a fresh wave of liquidations.<\/span><\/p>\n

SharpLink Gaming (Nasdaq: SBET) <\/span>announced<\/span><\/a> Thursday it will tokenize its SEC-registered common stock on the Ethereum blockchain, becoming the first US public company to issue equity on Ethereum natively.\u00a0<\/span><\/p>\n

The move, in partnership with Robert Leshner\u2019s Superstate, comes as Ethereum\u2019s price slid back below $4,000 on September 25.<\/span><\/p>\n

The Minneapolis-based sports gaming and technology firm aims to test compliant secondary trading of tokenized shares on automated market makers (AMMs).\u00a0<\/span><\/p>\n

Superstate will serve as SharpLink\u2019s digital transfer agent as part of the deal, while its \u201cOpening Bell\u201d platform will handle the on-chain issuance.<\/span><\/p>\n

\u201cTokenizing SharpLink\u2019s equity directly on Ethereum is more than a technical milestone, it\u2019s a statement about where we believe the future of the global capital markets is headed,\u201d said Joseph Chalom, SharpLink\u2019s co-CEO.<\/span><\/p>\n

Robert Leshner, founder and CEO of Superstate, called the launch a \u201cmilestone\u201d and said the company planned to work together on enabling compliant DeFi trading of tokenized public equities.<\/span><\/p>\n

This development highlights how traditional firms are experimenting with blockchain infrastructure at a time when the crypto market is under pressure. Ethereum is facing renewed selling pressure below key levels.<\/span><\/p>\n

Why Did Ethereum Drop Below $4,000 Amid Heavy Liquidations?<\/b><\/h2>\n

Ether dropped below $4,000 on Thursday, as derivatives markets saw heavy unwinding. <\/span>
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\n<\/span>CoinGlass <\/span>data<\/span><\/a> shows that in the past 24 hours, long traders faced about $332M in liquidations, adding to nearly $718Min losses this week.\u00a0<\/span><\/p>\n

\"\"<\/p>\n

(<\/span>Source: Coinglass<\/span><\/a>)<\/span><\/p>\n

According to <\/span>Lookonchain<\/span> data, one large wallet, \u201c0xa523,\u201d took a single $36.4M hit.\u00a0<\/span><\/p>\n

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ETH just dropped below $4,000!<\/p>\n

The biggest loser, 0xa523, just got WIPED. <\/p>\n

His entire 9,152 $ETH<\/a>($36.4M) long position was fully liquidated.<\/p>\n

His total losses now exceed $45.3M, leaving him with less than $500K in his account.https:\/\/t.co\/8C3XNE5tMS<\/a> pic.twitter.com\/JplqJl0cPy<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) September 25, 2025<\/a><\/p>\n<\/blockquote>\n