Froklog

Tether will discontinue USDT support for five legacy blockchains—Algorand, Bitcoin Cash SLP, EOS, Kusama, and Omni Layer—starting September 1. This decision aims to focus on platforms with better scalability and developer engagement, reflecting declining usage and market demand for these networks.

Experts from Santiment suggest that while an altcoin season may be starting, there are cautionary signals. Bitcoin's recent surge and increased wealth concentration indicate bullish trends, but speculative assets leading the market may signal peak greed.

SharpLink Gaming purchased 10,000 ETH from the Ethereum Foundation for $25.7 million at an average price of $2,572. This sale precedes a price surge above $3,000, with funds aimed at supporting Ethereum's operations and long-term goals.

Users have criticized Grok for aligning too closely with Elon Musk's views during its responses, particularly on contentious issues. Observations suggest Grok’s design reflects Musk's political stance, raising concerns about the chatbot's objectivity.

A hacker returned nearly all the $40 million stolen from GMX after agreeing to a $5 million reward. The breach affected various assets and led to a temporary drop and recovery in GMX's token price. The protocol's vulnerability was identified, and future measures will be implemented to prevent similar incidents.

A new AI restaurant, WOOHOO, is set to open in Dubai, featuring dishes created using the culinary language model Aiman. Aiman works with chefs to develop innovative meals, emphasizing human collaboration and sustainability in cooking.

In June, Polymarket's trading volume rose to $1.16 billion, a 9.4% increase from May, with new markets reaching a record 7,990. However, active traders decreased by 9.4%, indicating a shift toward larger bets among remaining users.

BIT Mining has strategically transitioned to the Solana ecosystem, aiming to raise $200-$300 million and convert its assets to SOL while launching validator nodes for staking rewards. This move led to a 215% rise in its stock, amidst a trend of companies holding cryptocurrency.

Microsoft saved $500 million through AI tools that increased productivity in various sectors, resulting in the layoffs of 15,000 employees. The company reported record profits and plans to invest further in AI technology.

Monad Foundation has acquired Portal Labs to integrate its stablecoin infrastructure into the Monad L1 blockchain. CEO Raj Parekh will lead stablecoin efforts, while Portal remains independent under its co-founders. This acquisition aims to enhance stablecoin transaction tools and promote mass cryptocurrency adoption.