SharpLink Gaming's stock fell nearly 15% following its Q2 earnings report, revealing a net loss of $103 million, a stark contrast to the $12 million profit from the previous year. The company attributed the loss to a significant non-cash impairment loss and stock-based compensation linked to an agreement with blockchain firm Consensys. Revenue fell 30% to $1.4 million, marking a severe downturn as the company transitions to an Ethereum-centered strategy. Concurrently, Ethereum's value dipped below $4,400 due to geopolitical uncertainties and disappointing U.S. economic data. SharpLink currently holds 728,804 ETH, valued at around $3.23 billion, further emphasizing the impact of Ethereum’s fluctuating price on its financial health.

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