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MetaMask Ethereum Token: Traders Bet on Timing as Joe Lubin Hints at Imminent Drop

by admin September 20, 2025



In brief

  • Myriad Markets gives ~32% odds MetaMask launches a token before November; Polymarket traders price higher for a 2025 drop.
  • CEO Joe Lubin has confirmed a token is coming and says the timeline may be “sooner than expected,” stoking airdrop speculation.
  • Regulatory risk looms: SEC’s lawsuit against ConsenSys could delay or shape the token’s design, distribution, and launch window.

Is MetaMask finally launching a token? Ethereum co-founder and Consensys CEO Joe Lubin said this week that the long-awaited token tied to the popular crypto wallet is “on the way” and “may come sooner than you would expect”—and Myriad traders are betting on just how soon that might mean.

At the time of this writing, a prediction market on Myriad Markets currently put the odds of MetaMask launching an official token before November 1 at about 32% Yes. No timeline has been announced, but traders don’t appear to believe that Consensys is ready to roll out the token in a matter of weeks.

(Disclaimer: Consensys is one of 22 investors in an editorially independent Decrypt, and Myriad Markets is a product of Decrypt’s parent company, DASTAN.)

Polymarket users, meanwhile, give a 46% chance that the token will launch by the end of the year.

Lubin made the latest comments in an interview with The Block this week, explaining that a native token (nicknamed MASK) would be part of MetaMask’s decentralization roadmap.

MetaMask was created by Consensys in 2016 as part of its “mesh” of Ethereum-focused projects, and it has remained one of its wholly owned products ever since. When Consensys raised its Series D funding round in 2022 at a $7 billion valuation, MetaMask (and Infura) were explicitly cited as core revenue drivers inside the company—not portfolio investments.

Consensys has been dangling the prospect of a token since 2021, when Lubin first confirmed it would be part of a broader plan to decentralize the wallet’s governance. Over the next few years, Lubin repeated that a token was coming but stressed it wouldn’t be a quick cash-grab; the team wanted to avoid a speculative frenzy and focus on “progressive decentralization.”

In the meantime, MetaMask’s official channels even warned users about scam airdrops, confirming no launch date had been set. Over the years, MetaMask rolled out staking and bridging features, while Consensys recently launched the Linea layer-2 Ethereum network and LINEA token—moves widely seen as laying the groundwork for a token economy.

MetaMask also just launched a stablecoin called mUSD, which provides some evidence that infrastructure and regulatory groundwork are being laid. The stablecoin is live on Ethereum and Linea, suggesting they are both preparing user-facing features and on-ramps for the token era.

What we still don’t know

Despite strong hints, several critical details remain unclear:

  • Timing: Lubin’s statements are vague. “Sooner than expected” is subjective and doesn’t give a firm date. We don’t know if “sooner” means weeks, months, or just “within the same year.”

  • Tokenomics and utility: What exactly the token will do is only partially described. Governance? Rewards? Access to features? There are suggestions, but no full white paper or specifications have been published.

  • Distribution/qualification: Who will receive the token? Will it be retroactive, via airdrop, or earned by activity? Those details are not yet public.

  • Regulatory risk: Any token tied to a major wallet with many U.S. users will draw regulatory scrutiny. MetaMask and Consensys will have to navigate laws around securities, know-your-customer (KYC), token issuance, and what counts as utility vs. financial return.

The takeaway

Putting this together, here’s a smart bet: MetaMask is very likely to launch a token, and apparently sooner rather than later. The existence of Myriad’s prediction market (“No” being more likely before November) shows there’s reasonable skepticism, but executive confirmations from Lubin push the probability significantly upward.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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September 20, 2025 0 comments
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Dogecoin (DOGE), XRP Get ETFs. Crypto Traders Say ‘Meh:’ Crypto Daybook Americas
Crypto Trends

Dogecoin (DOGE), XRP Get ETFs. Crypto Traders Say ‘Meh:’ Crypto Daybook Americas

by admin September 20, 2025



By Omkar Godbole (All times ET unless indicated otherwise)

The SEC, as market regulator, now couldn’t be more pro-crypto if it tried! On Thursday, a spot ETF tied to one of the least “serious” cryptocurrencies — dogecoin DOGE$0.2668 — debuted in the U.S. alongside payments-focused XRP.

Unlike bitcoin BTC$115,761.19, ether (ETH) and stablecoins, which act as a stores of value and facilitate decentralized finance, memecoins like DOGE are driven entirely by tweets, and cult-like fandom, just like baseball or pro-wrestling cards. Some observers are understandably worried that wrapping such an asset in an ETF gives it a false veneer of legitimacy, putting investors at risk.

You might call this the “peak pro-crypto SEC” moment, when regulators become so friendly that even memecoins get their own institutional wrapper. And, coincidentally, peak liquidity moment too, because when cash flows freely, traders get more adventurous. That’s one reason why the Fed may need to go slow with rate cuts.

The crypto market seems unimpressed. DOGE dropped over 2% in 24 hours, a sharp contrast to 2021, when a single tweet from Elon Musk could send it skyrocketing. The entire meme token gang is taking a hit; names like M, PUMP, and TOSHI are down nearly 10% in the same period.

XRP isn’t getting off easily either, falling 2%. Bitcoin and ether remain under pressure too, with traders aggressively seeking downside protection in the options market. The CoinDesk 20 Index was 1.3% lower at press time.

In other news, Consensys CEO reportedly said a Metamask token is arriving sooner than expected. Popular newsletter writer Christine Kim relayed that Ethereum’s Fusaka upgrade is scheduled for Dec. 3. This upgrade bundles multiple Ethereum Improvement Proposals focused on enhancing data availability and reducing costs for layer-2 rollups.

Meanwhile, traditional markets aren’t making it easy for crypto bulls. The dollar index and Treasury yields edged higher. The Bank of Japan stayed put on rates, with two dissenters signaling hikes in the coming months. The central bank announced the gradual selling of ETFs to slim its bloated balance sheet. Stay alert!

What to Watch

  • Crypto
    • Sept. 19: Grayscale Digital Large Cap Fund, which became the Grayscale CoinDesk Crypto 5 ETF on Sept. 18, will uplist to the NYSE Arca Exchange and start trading under the ticker GDLC.
  • Macro
    • Sept. 19, 8:30 a.m.: Canada July retail sales YoY Est. N/A (Prev. 6.6%), MoM (final) Est. -0.8%.
    • Sept. 19 (after market close): Quarterly S&P 500, 400 and 600 rebalancing takes effect, adding Robinhood (HOOD).
  • Earnings (Estimates based on FactSet data)

Token Events

  • Governance votes & calls
    • Gnosis DAO is voting on a $40,000 pilot growth fund using conviction voting on Gardens to empower GNO holders and support small, community-led ecosystem initiatives. Voting ends Sept. 23.
    • Balancer DAO is voting on an ecosystem roadmap and funding plan through Q2 2026. It sets growth, revenue, innovation and governance targets and requests $2.87 million in USDC and 166,250 BAL to fund initiatives. Voting ends Sept. 23.
  • Unlocks
    • Sept. 20: Velo VELO$0.01323 to unlock 13.63% of its circulating supply worth $43.39 million.
  • Token Launches
    • Sept. 19, 9 a.m.: Enosys set to introduce XRP-backed stablecoin to Flare
    • Sept. 19: Lombard (BARD) to be listed on Poloniex.
    • Sept. 20: Reserve Rights RSR$0.007478 to conduct a token burn.

Conferences

Token Talk

By Oliver Knight

  • Aster, the native token of its namesake decentralized exchange, rose 33% in the past 24 hours to contribute a 650% gain since it was issued earlier this week.
  • The token was touted on X by Binance founder Changpeng Zhao, who claims the token is a direct competitor to HyperLiquid’s HYPE.
  • Nearly 330,000 wallets used Aster ahead of a series of exchange listings for the token, with daily trading volume hitting $420 million.
  • The platform’s introduction hasn’t been without controversy, one of the Aster team members had to say “funds are safe” on Discord in response to concerns about whether funds could be withdrawn.
  • It is also claimed that Aster is just a rebrand of Apollox, a decentralized perpetuals exchange that has been around for years.
  • Nonetheless, the platform has proven attractive in the past 24 hours and is considered by some traders as a viable alternative to HyperLiquid, whose token has a market cap of $18.7 billion compared with Aster’s $1 billion.

Derivatives Positioning

  • AVAX is the only top 20 cryptocurrency to boast an increase in perpetual futures open interest over the past 24 hours. The rest of the coins have seen flat to negative OI, a sign of capital outflows.
  • According to data source Glassnode, 5,000 BTC in long positions is vulnerable to liquidation if the price drops below $117,000. There is also a build up of short positions at higher price levels, representing a sell-on-rise mentality.
  • Most majors, excluding LINK, DOT and TRX, have seen net selling in futures, as evidenced by their negative 24-hour cumulative volume deltas. This indicates the possibility of a sharp drop in altcoins later today alongside a growing risk aversion on Wall Street.
  • On the CME, bitcoin futures OI has bounded to 149K BTC, ending a two-month downtrend. (Check the Technical Analysis section). Perhaps, fresh shorts are coming in, as the annualized three-month premium remains below 10% and looks to be trending south. Ether’s futures OI has risen back above 2 million ETH.
  • On Deribit, traders continue to chase put options tied to BTC in a sign of lingering downside concerns. Flows over OTC network Paradigm featured calendar spreads and put writing.

Market Movements

  • BTC is down 0.9% from 4 p.m. ET Thursday at $116,531.51 (24hrs: -0.61%)
  • ETH is down 1.81% at $4,523.65 (24hrs: -1%)
  • CoinDesk 20 is down 1.82% at 4,334.77 (24hrs: -1.27%%)
  • Ether CESR Composite Staking Rate is up 3 bps at 2.92%
  • BTC funding rate is at 0.0042% (4.5651% annualized) on Binance
  • DXY is up 0.24% at 97.58
  • Gold futures are up 0.34% at $3,690.80
  • Silver futures are up 0.86% at $42.48
  • Nikkei 225 closed down 0.57% at 45,045.81
  • Hang Seng closed unchanged at 26,545.10
  • FTSE is up 0.06% at 9,233.88
  • Euro Stoxx 50 is up 0.14% at 5,464.39
  • DJIA closed on Thursday up 0.27% at 46,142.42
  • S&P 500 closed up 0.48% at 6,631.96
  • Nasdaq Composite closed up 0.94% at 22,470.72
  • S&P/TSX Composite closed up 0.45% at 29,453.53
  • S&P 40 Latin America closed down 0.75% at 2,906
  • U.S. 10-Year Treasury rate is up 1.4 bps at 4.118%
  • E-mini S&P 500 futures are unchanged at 6,693.75
  • E-mini Nasdaq-100 futures are unchanged at 24,709.50
  • E-mini Dow Jones Industrial Average Index are unchanged 46,503.00

Bitcoin Stats

  • BTC Dominance: 57.92% (+0.31%)
  • Ether-bitcoin ratio: 0.03879 (-1.01%)
  • Hashrate (seven-day moving average): 991 EH/s
  • Hashprice (spot): $52.08
  • Total fees: 3.69 BTC / $432,583
  • CME Futures Open Interest: 149,110 BTC
  • BTC priced in gold: 31.9 oz.
  • BTC vs gold market cap: 9.03%

Technical Analysis

BTC’s CME futures open interest has ended downtrend. (Velo)

  • Open interest in BTC futures listed on the CME has surged from 133K to 149K BTC, ending a two-month downtrend.
  • The change shows renewed capital inflows into the market, although the direction of the flows remains unclear.

Crypto Equities

  • Coinbase Global (COIN): closed on Thursday at $343.13 (+7.04%), -0.62% at $341.00 in pre-market
  • Circle (CRCL): closed at $140.42 (+7.16%), +2.53% at $143.97
  • Galaxy Digital (GLXY): closed at $33.08 (+0.21%), -1.75% at $32.50
  • Bullish (BLSH): closed at $65.61 (+20.72%), -2.85% at $63.74
  • MARA Holdings (MARA): closed at $18.5 (+6.69%), -0.65% at $18.38
  • Riot Platforms (RIOT): closed at $17.51 (-0.62%), -0.69% at $17.39
  • Core Scientific (CORZ): closed at $16.75 (+2.95%), -0.12% at $16.73
  • CleanSpark (CLSK): closed at $13.46 (+17.66%), -1.26% at $13.29
  • CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $41.1 (-0.12%), -1.41% at $40.52
  • Exodus Movement (EXOD): closed at $29.26 (+3.61%)

Crypto Treasury Companies

  • Strategy (MSTR): closed at $349.12 (+5.89%), unchanged in pre-market
  • Semler Scientific (SMLR): closed at $29.49 (+6.54%), unchanged in pre-market
  • SharpLink Gaming (SBET): closed at $17.22 (+0.58%), -0.41% at $17.15
  • Upexi (UPXI): closed at $6.82 (+12.08%), -1.03% at $6.75
  • Lite Strategy (LITS): closed at $2.71 (+3.83%), +3.69% at $2.81

ETF Flows

Spot BTC ETFs

  • Daily net flows: $163 million
  • Cumulative net flows: $57.46 billion
  • Total BTC holdings ~1.32 million

Spot ETH ETFs

  • Daily net flows: $213.1 million
  • Cumulative net flows: $13.89 billion
  • Total ETH holdings ~6.6 million

Source: Farside Investors

While You Were Sleeping



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September 20, 2025 0 comments
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YouTube Thinks AI Is Its Next Big Bang
Gaming Gear

YouTube Thinks AI Is Its Next Big Bang

by admin September 20, 2025


Google figured out early on that video would be a great addition to its search business, so in 2005 it launched Google Video. Focused on making deals with the entertainment industry for second-rate content, and overly cautious on what users could upload, it flopped. Meanwhile, a tiny startup run by a handful of employees working above a San Mateo, California, pizzeria was exploding, simply by letting anyone upload their goofy videos and not worrying too much about who held copyrights to the clips. In 2006, Google snapped up that year-old company, figuring it would sort out the IP stuff later. (It did.) Though the $1.65 billion purchase price for YouTube was about a billion dollars more than its valuation, it was one of the greatest bargains ever. YouTube is now arguably the most successful video property in the world. It’s an industry leader in music and podcasting, and more than half of its viewing time is now on living room screens. It has paid out over $100 billion to creators since 2021. One estimate from MoffettNathanson analysts cited by Variety is that if it were a separate company, it might be worth $550 billion.

Now the service is taking what might be its biggest leap yet, embracing a new paradigm that could change its essence. I’m talking, of course, about AI. Since YouTube is still a wholly owned subsidiary of AI-obsessed Google, it’s not surprising that its anniversary product announcements this week touted AI features that will let creators use AI to enhance or produce videos. After all, Google Deepmind’s Veo 3 technology was YouTube’s for the taking. Ready or not, the video camera ultimately will be replaced by the prompt. This means a rethinking of YouTube’s superpower: authenticity.

YouTube’s Big Bang

I had that shift in mind when I recently interviewed YouTube CEO Neal Mohan at his office at YouTube’s San Bruno, California, headquarters. Mohan took over as CEO in 2023 when his boss, Susan Wojcicki, left her post due to a fatal cancer. But first we chat a bit about the company’s history. Mohan reminds me that his own connection with the service began even before he joined Google in 2008, after his ad company DoubleClick merged with the search giant. He was struck by how the YouTube founders were first with a revelation that, he says, remains the core of the service. “It was not just that people were interested in sharing short clips about themselves and that it was done without a gatekeeper,” he says, “but that people were interested in watching them. That was the big bang inflection point. Our mission is to give everyone a voice and show them the world.”

Critics of Google’s power often argue that not only the public but also YouTube itself might benefit from a split from the mother company. Just think what the world’s biggest video company could do if it were truly independent. Mohan, a self-admitted Google loyalist, disagrees. “I don’t believe YouTube would be where it is if it weren’t part of Google,” he says. He says that being part of a giant company allowed YouTube to make long-term bets on things like streaming and podcasting. When I ask whether YouTube might be even more innovative on its own, he reminds me that YouTube has been sufficiently innovative to challenge legacy media in things like live sports while fending off challenges from competitors focusing on the creator economy.

YouTube has an advantage in breadth that Tiktok and Reels can’t dream of … “everything from a 15-second short to a 15-minute traditional long-form YouTube video to a 15-hour livestream and everything in between,” Mohan crows.

It’s currently pressing another advantage: Google’s AI technology. The announcements this week range from fun features like putting you or your friends’ bodies into videos showing astonishing acrobatic feats or allowing podcasters to make instant television shows from their audio conversations by having AI create visuals that resonate with the content of the chatter. Mohan says that, in a sense, AI is just the latest enhancement of the service. “When YouTube was born 20 years ago it was about using technology for more people to have their voice heard,” he says. “With AI, it’s the same core principle—how do we use technology to democratize creation?”



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September 20, 2025 0 comments
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McDonaldLand
Esports

McDonald’s launches Black Myth Wukong collab with special merch & black burger buns

by admin September 20, 2025



McDonald’s is celebrating China’s Mid-Autumn festival with a special collaboration in honor of the country’s standout AAA game, Black Myth Wukong.

Black Myth Wukong was a resounding success for Chinese studio Game Science, which brought the timeless epic of Sun Wukong to players around the globe in August 2024.

Winning Best Action-Adventure at the Game Awards, Wukong has continued to capture the hearts and minds of fans in the year since then, and the developers are already working on their next mythos-inspired game, Black Myth: Zhong Kui.

Article continues after ad

In recognition of Wukong’s achievements, McDonald’s China is collaborating with the highly-lauded title to ring in the country’s Mid-Autumn Festival.

Unsplash.com: Yusdi HassanChina’s Mid-Autumn Festival is underway, and McDonald’s is celebrating with a Black Myth: Wukong collaboration.

Black Myth: Wukong comes to McDonald’s China with special meals & merch

The Mid-Autumn Festival is a holiday in China that celebrates the fall harvest when the moon is at its largest and brightest. During this time, friends and family will gather together and gaze up at the harvest moon, bake moon cakes, and decorate their homes with lanterns.

Article continues after ad

McDonald’s is giving customers the best of both worlds in honor of both Black Myth: Wukong and the Mid-Autumn festival by offering limited-time items and special merchandise.

Article continues after ad

In mid-September, promotional materials from McDonald’s China began circulating on social media, showing posters of Sun Wukong alongside a slew of special meal deals.

McDonald’s / X: Daniel Ahmad

Two of the limited-time offerings include a ‘Golden Crispy Chicken Egg Mooncake,’ as well as a ‘Cheese Double Beef Black Gold Mooncake.’ Also on offer are Crispy Shrimp Nuggets and Curly Fries with dipping sauce “as golden as treasure.”

For desserts, customers can choose from an Autumn Osmanthus-flavored Sparkling Milk Tea, a Golden Egg Yolk Big Luck Flavor McFlurry, and a Sesame Lava Pie packed with egg yolk filling.

Article continues after ad

That’s not all; fans can even purchase an exclusive, double-sided velvet lounge robe embroidered with the Monkey King holding a burger on his head.

McDonald’s / X: Daniel Ahmad

Certain McDonald’s locations in the country have even decorated their restaurants to match the game, as well as setting up pop-up shops with special merchandise like tote bags, T-Shirts, pins, and more.

Article continues after ad

It’s safe to say that this collaboration has left Western foodies jealous, with one writing on X: “We never get cool stuff in America!”

Article continues after ad

McDonald’s / X: Daniel Ahmad

This is the latest overseas collaboration from McDonald’s to go viral after the fast food chain announced that it’s finally bringing back Monopoly in the United States after nearly a decade.



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APT Miner cloud mining offers investors a path to massive returns
GameFi Guides

Exploring new solutions with COME Mining cloud contracts

by admin September 20, 2025



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Many senior XRP holders are turning to COME Mining to earn passive cash flow amid sideways market trading at $3.

Summary

  • COME Mining lets XRP holders earn passive income via cloud contract with no machines or electricity needed.
  • Mobile-friendly, multi-currency, and bank-grade secure, COME Mining converts idle XRP into cash flow.
  • New users enjoy registration rewards and flexible contracts, with 24/7 support ensuring smooth, reliable operations.

Industry research shows that many senior XRP holders have adopted COME Mining as their primary channel for value-added. This trend reflects a shift in market confidence: with prices remaining around $3 for a long time and trading sideways without a breakthrough, simply “holding coins and waiting for them to rise” is no longer considered an efficient strategy.

On the contrary, more and more investors are using COME Mining cloud mining to convert their XRP into stable cash flow.

Unlike traditional mining, COME Mining does not generate tokens directly on XRPL. Instead, it uses a computing power contract paid and settled in XRP, allowing users to subscribe to computing power and participate in block production without mining machines or electricity costs. 

In this way, XRP is no longer just a simple payment tool, but can generate passive income through daily settlement under the contract mechanism, expanding the application boundaries of the asset.

COME Mining application highlights:

1. Mobile operation, participate anytime, anywhere: The simple and intuitive mobile interface allows users to view earnings, manage contracts, and adjust settings on their phones, providing a smooth experience.

2. Multi-currency support and flexible asset allocation: The platform supports payment and settlement of more than ten mainstream currencies such as BTC, ETH, DOGE, XRP, USDT, etc., meeting the diverse needs of investors.

3. Bank-grade security: Combining McAfee® and Cloudflare® dual protection and using distributed cold wallet storage, we provide users with bank-grade encryption and fund security.

4. Registration and Login Rewards: New users can receive a $15 computing power reward upon registration, and receive $0.60 for daily logins, lowering the threshold and making it easy to get started.

5. Stable operation and 24/7 service: Flexible short-term and long-term contracts are available. The platform guarantees 100% uptime and provides 24/7 technical support, giving users peace of mind.

Three steps to start:

  1. Register: Visit the official website and register with an email address.
  2. Choose a contract: Flexibly choose a computing power plan based on the budget.
  3. Enjoy the benefits: After contract activation, daily profits are automatically credited to an account, and users can withdraw or reinvest at any time.

Conclusion

XRP has been hovering around the $3 mark for a long time, making simply hoarding coins inefficient. COME Mining cloud mining provides a new solution for holders: paying computing power contracts through XRP, converting static assets into dynamic income. Whether long-term investors or new users, they can find a more transparent and flexible asset management path under this model. With the participation of a large number of XRP holders, COME Mining is gradually becoming a market consensus, leading investors towards a more stable path of digital asset appreciation.

For more details, visit the official website.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Xbox Console Prices Will Increase Again Next Month
Game Updates

Xbox Console Prices Will Increase Again Next Month

by admin September 20, 2025


Microsoft has announced plans to increase the prices of its Xbox consoles in the United States for the second time this year, starting on October 5. The company cites “changes in the macroeconomic environment” as the reason for the price adjustments. 

In a time when consoles are becoming more expensive over time rather than cheaper, the five available models of Xbox Series X/S will have their prices raised yet again. Microsoft already increased these prices only a few months ago, on May 1.

Here are the new prices for each Xbox console. For comparison, we’ve also included the current price (as of May 1) and the original launch price of each piece of hardware.

Xbox Series S 512 GB 
New Price: $399.99
Current Price: $379.99 
Launch Price: $299.99

Xbox Series S 1TB 
New Price: $449.99
Current Price: $429.99
Launch Price: 349.99

Xbox Series X Digital 
New Price: $599.99
Current Price: $549.99
Launch Prince: $449.99

Xbox Series X
New Price: $649.99
Current Price: $599.99
Launch Price: $499.99

Xbox Series X 2TB Galaxy Black Special Edition
New Price: $799.99
Current Price: $729.99
Launch Price: $599.99

“We understand that these changes are challenging, and they were made with careful consideration,” reads Microsoft’s statement. “Looking ahead, we continue to focus on offering more ways to play more games across any screen and providing value for Xbox players.”

This second price hike comes in a year full of them. Sony raised the prices of the PlayStation 5 in the UK, Europe, and other territories in April, similarly citing the current economic conditions caused by the US tariffs. Sony then raised the price of the PS5 in the US last month. 

Nintendo, perhaps most famously, delayed pre-orders for the Switch 2 in the US due to the economic conditions before raising prices on the console’s accessories before launch. Last month, Nintendo increased the prices of the original Switch models. 

The updated Xbox prices come right before the busy holiday season, which will be more challenging than ever for those looking to purchase game consoles as gifts or for themselves. It’s an unfortunate circumstance that, as things currently stand, doesn’t appear will be going away in the foreseeable future. 



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NFT Gaming

$270B Market Tracking Crypto’s Growth

by admin September 20, 2025



The $270 billion stablecoin sector has grown significantly but still accounts for less than 8% of crypto’s total market cap, a level it has held since 2020, according to a JPMorgan research note.

That dynamic could turn the coming wave of U.S. stablecoin launches into a zero-sum contest, unless the crypto market itself expands significantly, analysts led by Nikolaos Panigirtzoglou wrote.

Tether, whose USDT is primarily used overseas, plans to debut a U.S.-compliant token, USAT. Unlike USDT, whose reserves are about 80% compliant with U.S. requirements, USAT’s backing would fully meet the new regulatory standards, the bank said.

Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets, providing a payment infrastructure, and are also used to transfer money internationally. Tether’s USDT is the largest stablecoin, followed by Circle’s (CRCL) USDC.

The passage of U.S. stablecoin legislation in July has already spurred a fresh round of launches aimed at Circle’s USDC, which dominates the U.S. market, the report noted.

While new players are jockeying for position ahead of regulatory implementation, the stablecoin market’s growth remains tied to crypto’s overall market cap, the analysts wrote.

Circle is also losing ground to competitors like Hyperliquid, whose exchange alone accounts for nearly 7.5% of USDC usage, as well as fintech giants PayPal (PYPL), Robinhood (HOOD), and Revolut, which are rolling out their own tokens, JPMorgan said.

In response, Circle is developing Arc, a blockchain tailored to USDC transactions, to improve speed, security, and interoperability and keep USDC central to crypto infrastructure.

Without significant expansion, the new wave of stablecoin competition may simply redistribute market share rather than grow the pie, the report added.

USDC supply has surged to $72.5 billion, 25% ahead of Wall Street firm Bernstein’s 2025 estimates, the broker said in a report earlier this month.

Read more: Circle’s USDC Market Share ‘On a Tear,’ Says Wall Street Broker Bernstein



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Crypto Will Surge On Fed Moves And Market Isn't Ready: Economist
Crypto Trends

Crypto Will Surge On Fed Moves And Market Isn’t Ready: Economist

by admin September 20, 2025



Crypto market participants may be underestimating how aggressive the US Federal Reserve will be in shifting its policy direction, according to an economist.

“Markets are underpricing the likelihood of rapid rate cuts in the coming months on the part of the Federal Reserve,” economist Timothy Peterson told Cointelegraph on Friday.

“There has never been a gradual reduction in rates like that currently envisioned by the Fed,” Peterson said, explaining that he expects “the surprise effect” to kick in and potentially catch the market offside.

“It will jolt Bitcoin and alts up substantially, and I think that will happen in the next 3-9 months.”

Peterson’s comments come just days after the Fed implemented its first rate cut of 2025 on Sept. 17 by 25 basis points. The rate cut was widely anticipated, with the CME FedWatch Tool showing a 96% probability of a quarter-point cut and just a 4% chance of a 50-point reduction in the hours leading up to the announcement.

Market is anticipating another rate cut in October

Bitcoin (BTC) briefly surged to $117,000 hours before the Fed’s rate cut announcement but has since retreated to levels seen in the days prior, trading at $115,570 at the time of publication, according to CoinMarketCap.

Bitcoin is up 1.03% over the past 30 days. Source: CoinMarketCap

CME data shows that market participants are pricing in a 91.9% chance of another 25 basis point rate cut at the Oct. 29 meeting, with only an 8.1% probability that rates remain unchanged.

Related: Bitcoin price forecasts eye $110K target as $4.9T options expiry arrives

Fed officials said they expect two more quarter-point rate cuts this year. However, Fed Chair Jerome Powell said, “We’re not on a pre-set path.”

Financial institutions were split on Fed’s September move

Some financial institutions expected a more aggressive rate cut at the September meeting, with Standard Chartered forecasting a 50 basis point reduction.

Goldman Sachs CEO David Solomon, however, was more confident that the Fed would stick to a 25 basis point cut.

Lowering interest rates tends to be bullish for risk-on assets, including cryptocurrencies, as traditional investments like bonds and term deposits become less lucrative to investors.

Magazine: Meet the Ethereum and Polkadot co-founder who wasn’t in Time Magazine



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Trump administration to impose a $100,000-per-year fee for H-1B visas

by admin September 20, 2025


President Donald Trump has signed a new executive order, which adds a $100,000 fee to H-1B visa applications. It’s not a one-time fee either: The New York Times has reported that companies will have to pay $100,000 a year for any employee it brings over to the US on the visa for up to six years. The Secretary of Homeland Security will restrict approval for visa applications unless accompanied by the fee, though the rule “allows case-by-case exemptions if [it’s] in the national interest.” This new requirement will only apply to new visa applicants, a White House official told The Times, and it will likely face legal challenges. If it does get implemented, though, it could deal a huge blow to the tech industry.

While several sectors in the US use the program to bring skilled workers into the country, some of its biggest beneficiaries are in the tech sector. According to the US Citizen and Immigration Services, Amazon has the most number (over 10,000) of workers on the H-1B visa. Microsoft, Meta, Apple and Google are also in the top ten list of employers that brought over H-1B workers, with between 4,000 and 5,500 employees on the visa. Walmart, Intel, IBM and NVIDIA have a considerable number of H-1B workers, as well. As TechCrunch has noted, Elon Musk, who used to be close to the president, came over to the US on the H-1B, as did Instagram co-founder Mike Krieger.

In the White House’s announcement, the administration explained that some employers have abused the H-1B visa to “artificially suppress wages,” creating a disadvantageous market for Americans. “Information technology (IT) firms in particular have prominently manipulated the H-1B system, significantly harming American workers in computer-related fields,” the announcement read.

Trump has also signed an order for a new visa program called the “Gold Card,” which the administration says will prioritize “the admission of aliens who will affirmatively benefit the Nation, including successful entrepreneurs, investors, and businessmen and women.” It’s an expedited immigrant visa program, available to anybody who can afford the “requisite gift” the government asks for. Specifically, the gift made to the US Department of Commerce must be “$1 million for an individual donating on his or her own behalf and $2 million for a corporation or similar entity donating on behalf of an individual.”



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Sign my jersey! Even Clayton Kershaw's opponents want one
Esports

Sign my jersey! Even Clayton Kershaw’s opponents want one

by admin September 20, 2025


  • Alden GonzalezSep 19, 2025, 07:00 AM ET

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      ESPN baseball reporter. Covered the L.A. Rams for ESPN from 2016 to 2018 and the L.A. Angels for MLB.com from 2012 to 2016.

LOS ANGELES — It was the middle of June, the San Diego Padres were in town for what promised to be a heated series against the Los Angeles Dodgers, and Joe Musgrove, their injured ace, had one thing on his mind:

Securing a signed Clayton Kershaw jersey.

Major league players often send each other jerseys for personalization, to commemorate friendship or admiration or even milestones. But Musgrove had done that only a handful of times in his nine years as a major leaguer — all for former teammates he was once close with, never for a prominent member of the Padres’ biggest rival.

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“This is the first that I’ve sent one over in admiration for what someone has done for the game,” said Musgrove, who grew up a Padres fan before ultimately pitching for the club. “I know he’s flooded with them now, and it might seem like a lot, but he’s made a big impact on this game — not only as a player, but for the way he handles himself.”

Kershaw will make his final regular-season start at Dodger Stadium on Friday, in what we now know will be one of the last appearances of his career. But even before the news of his impending retirement became official Thursday, the likelihood of it was high enough for Major League Baseball to extend him a special invitation to this year’s All-Star Game. And for a number of opposing players to seek opportunities to pay respect in their own way, whether it’s offering praise, expressing gratitude or, often, seeking autographs.

Kershaw, 37, has noticed that jersey requests have “slightly increased from years past” but stressed it’s “nothing crazy.” Sometimes a home series will go by and nobody will ask. Others, he’ll be flooded with them. “It’s like they all talk,” Kershaw said. He signs them all, either by listing his accomplishments — 3X NL Cy Young, 2014 NL MVP, 2X WS Champ! as he wrote on one for Colorado Rockies starter Kyle Freeland — or scribbling a brief message. In his mind, it wasn’t long ago that he was on the other side.

“It’s amazing how fast that flips, you know?” Kershaw told ESPN last week. “You don’t think that you’re the old guy until it happens, and then you are. It happens fast.”

WHEN KERSHAW SIGNED his fourth consecutive one-year contract with the Dodgers in March, he was considered a luxury. Blake Snell and Roki Sasaki had already been added. Yoshinobu Yamamoto and Tyler Glasnow were coming back healthy. Shohei Ohtani was on track to return as a two-way player. The likes of Emmet Sheehan, Tony Gonsolin and Dustin May were next in line.

But when Kershaw rejoined the rotation in the middle of May, in the wake of offseason knee and toe surgeries, he helped stabilize a staff that had once again absorbed an avalanche of injuries. In August, as the Dodgers’ rotation began to round into form, he found another level, winning all five of his starts while posting a 1.88 ERA. Kershaw is throwing the slowest fastball of his career, offsetting it with a slider that oftentimes lacks its traditional bite and resorting to more inventiveness than ever, even with the occasional eephus pitch. And yet his record is 10-2 and his ERA is 3.53.

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“He’s making jokes about how he’s only throwing 86, 87 — and he’s still getting outs,” San Francisco Giants starter Logan Webb said. “To me that’s the most impressive thing.”

Webb was a 12-year-old in Northern California when Kershaw made his major league debut. His high school years coincided with a four-year stretch from 2011 to 2014 that saw Kershaw claim three Cy Young Awards and an MVP, accumulate 72 regular-season victories, tally 895⅓ innings and establish himself as one of the greatest of his era. Competing against him, as a fellow frontline starter on a division rival, hasn’t taken any of the shine away.

Said Webb: “He seems to amaze me every single time.”

Two months ago, Webb shared an All-Star team with Kershaw for the first time and was adamant about securing a jersey from him, even though, he said, “I usually feel awful asking guys.” On Friday, Webb will watch from the opposite dugout as Kershaw makes what might be the final Dodger Stadium appearance of his career, depending on how he factors into L.A.’s October plans.

The Dodgers boast a six-man rotation at the moment, and two of those members, Yamamoto and Snell, are basically guaranteed to start in a best-of-three wild-card series. The third spot would go to Ohtani, unless the Dodgers surprise outsiders by deploying him as a reliever. Then there’s Glasnow, who was lavished with a $130 million-plus extension to take down important starts, and Sheehan, a promising right-hander who has been effective out of the bullpen.

Kershaw wasn’t healthy enough to contribute to last year’s championship run and wants nothing more than to help with this one. But he’s also realistic.

“We’ll see,” Kershaw said. “We’ll see what happens. My job is just to pitch well. Whatever decision they make, or if I get to make a start or do whatever — they’re going to make the best decision for the team. I’ll understand either way. Obviously making it hard for them is what I want to do.”

Dodgers manager Dave Roberts doesn’t know what role Kershaw might play on a postseason roster, but he said “there’s a place for him” on it.

“The bottom line is I trust him,” Roberts said. “And for me, the postseason is about players you trust.”

Rockies pitcher Kyle Freeland scored a Clayton Kershaw signed jersey earlier this season. Kyle Cooper/Colorado Rockies

ANDREW ABBOTT SAT alongside Cincinnati Reds teammate Chase Burns in Dodger Stadium’s first-base dugout on Aug. 26 and couldn’t understand what he was seeing.

“Is that a changeup?” he asked.

Kershaw famously doesn’t throw many changeups, largely because he has never been confident in his ability to do so. But suddenly Abbott was watching him uncork a pitch that traveled in the low 80s and faded away from opposing right-handed hitters, the continuation of a split-change he began to incorporate a couple years ago. To Abbott, it spoke to the ingenuity that has extended Kershaw’s effectiveness.

“He knows what he’s doing,” Abbott said. “He can just figure things out on the fly.”

The Reds’ third-year starting pitcher had shared a clubhouse with Kershaw for the first time during the All-Star Game in Atlanta this summer. He wanted so badly to pick his brain about pitch sequencing, but he also didn’t want to waste Kershaw’s time; he made small talk about their Dallas ties and left it at that.

Six weeks later, when the Reds visited Dodger Stadium, Abbott made it a point to provide a visiting clubhouse attendant with a Kershaw jersey to be sent to the other side for a signature. He already had one of Christian Yelich, who represented his first strikeout; Edwin Diaz, the brother of his former teammate, Alexis; Joey Votto, a Reds legend; and Aaron Judge, arguably the best hitter on the planet. Abbott initially didn’t want to bother Kershaw, worried that he might just be adding to an overwhelming pile, but he couldn’t run the risk of missing what might be his final opportunity.

“I watched Kersh since I was a kid,” Abbott said. “I mean, I was 9 when he debuted. I just like to have guys that I’ve watched and I’ve kind of idolized. Those are the ones I go after. It’s cool that you’re in the job with him, too.”

After spending the past four years pitching for two of their biggest rivals — first the Padres, then the Giants — Snell signed a five-year, $182 million contract with the Dodgers over the offseason and told president of baseball operations Andrew Friedman that he wanted his locker next to Kershaw’s. Snell’s locker neighbored Kershaw’s in spring training, and he now resides just two lockers down inside Dodger Stadium’s newly renovated home clubhouse.

As a fellow left-hander, Snell has tried to soak up as much as he can from watching Kershaw, specifically how he utilizes his slider. He has learned, though, that a lot of his success is driven by his mindset.

“He never gives in,” Snell said. “He’s a competitor. And you can’t, like, train that or teach that. You either have it or you don’t. And he’s very elite at competing. The game comes, and he’s the best version of himself.”

Snell arrived in the major leagues as a 23-year-old former first-round pick. But he did not believe he would stay very long, so he made it a point to gather as many personalized jerseys as he could. He already has two framed Kershaw jerseys hanging on an office wall littered with other sports memorabilia, but the end of his first year with the Dodgers has left him wondering if he has enough.

Said Snell: “I might get me another one.”

TO THOSE WHO have observed Kershaw throughout his career, the thought that he would even allow himself to be miked up while pitching in a game — let alone revel in it — stood as a clear indication that this would probably be it. Roberts, who managed the National League All-Stars earlier this summer, noticed a more reflective, appreciative side to Kershaw even before he took the mound for his 11th Midsummer Classic.

Roberts noticed it when Kershaw addressed his NL teammates before the game, reminding them this was an opportunity to honor those who got them there. He noticed it 13 days before that, on the night of July 2, when Kershaw finished a six-inning outing with the 3,000th strikeout of his career and spilled onto the field to acknowledge the fans. Most of all, he has noticed it through the ease with which Kershaw seems to carry himself this season. “The edges,” Roberts said, “aren’t as hard anymore.”

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“He knows he’s had a tremendous career, and I think that now he’s making it a point. He’s being intentional about taking in every moment.”

Kershaw allowed himself to savor his 3,000th strikeout — a milestone only 19 other pitchers have reached — and made a conscious effort to take in every moment at this year’s All-Star Game. His wife, Ellen, and their four children have made it a point to travel for every one of his starts this season, even when Texas schools restarted earlier this month, adding a layer of sentimentality to the stretch run.

But for as much as Kershaw would like to soak in every inning remaining in his major league career, he can’t. The season keeps going, the stakes keep ratcheting up, and Kershaw believes in the link between dismissing success and maintaining an edge. “The minute you savor, the minute you think about success, you’re content,” he said. But that also means he can’t truly enjoy the end.

There’s a cruelty in that.

“Yeah,” Kershaw said, “but that’s OK. Because you want to go out competing, just like you always did. At the end of the day, being healthy, being able to compete and pitch well, being on a great team — that’s all you can ask for. If you do all of the other stuff, you become content or satisfied or whatever it is. Then it’s all downhill.”

ESPN’s Jesse Rogers contributed to this report.



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