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The new Lego Batman game will have more of Gotham City in it than Arkham Knight did
Product Reviews

The new Lego Batman game will have more of Gotham City in it than Arkham Knight did

by admin August 24, 2025



LEGO® Batman™: Legacy of the Dark Knight – Official Reveal Trailer – YouTube

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In the trailer tornado of Gamescom 2025, Lego Batman: Legacy of the Dark Knight stood out to me, and not just because it had Matt Berry as the voice of Lego Bane. The combat looks like it’s got the counter mechanics of the Arkham games, and the traversal has Arkham-style grappling and gliding. Since neither Suicide Squad nor Gotham Knights was the follow-up to Arkham Knight we wanted, I guess Traveller’s Tales decided to step up.

As spotted by Insider Gaming, Lego Batman: Legacy of the Dark Knight’s open world will also include four of Gotham’s islands, putting it one up on Arkham Knight’s three (the islands of Bleake, Founders, and Miagani), and double the two zones of Arkham Origins (Old Gotham and New Gotham). Lego Batman 2 had an open Gotham as well, but just like Arkham Knight it only included three of the city’s islands.

Here’s hoping the city actually has civilians in it this time, because I’ve been waiting forever for a Batman game that lets you actually protect Gothamites from muggers and roving gangs of mimes, clowns, and the like.


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It’ll also have seven playable characters, which is unusual for the Lego games. Previously they’ve crammed in as many characters as possible, though many of them end up playing exactly like each other. With just seven to focus on, we might get some more bespoke personality in how they move and fight.

The seven characters, via WB’s FAQ, are Batman, Batgirl, Catwoman, Commissioner Gordon, Nightwing, Robin, and Talia al Ghul. “Each character is equipped with unique skills, combos, and gadgets”, the FAQ says, “like Batman’s Batclaw, Jim Gordon’s foam sprayer, Robin’s line launcher, and Catwoman’s whip.” Ah, yes. Jim Gordon’s iconic foam sprayer.

The other interesting thing about Legacy of the Dark Knight is that, while it looks like it includes a parody of Christopher Nolan’s Dark Knight films, it’s also spreading a net over the wider Batman universe, pulling in villains like the Penguin, Poison Ivy, and the Red Hood, just like the Arkham games did. While we’ve heard that Rocksteady is looking to make a singleplayer Arkham game after the unfortunate failure of Suicide Squad: Kill the Justice League, in the meantime I’d be happy with a light-hearted take on the format, even if it’s made out of Lego bricks and seems weirdly obsessed with rubber ducks for some reason.

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Former Switch console exclusive Triangle Strategy is now available on PS5 and Xbox
Game Reviews

Former Switch console exclusive Triangle Strategy is now available on PS5 and Xbox

by admin August 24, 2025


Square Enix has released its tactics RPG Triangle Strategy on PS5 and Xbox Series X/S, following its release in 2022 on Switch and PC.

The game was the second to be developed in the HD-2D style, after Octopath Traveler. It features isometric grid-based combat, a political narrative depicting three warring kingdoms, and tasks players with making moral choices to shape the story.

Triangle Strategy is available on PlayStation and Xbox with a limited-time discount of 30 percent until 3rd September.

TRIANGLE STRATEGY | PS5 and Xbox Series X|S Announce TrailerWatch on YouTube

A VR version of the game is also available for Meta Quest headsets.

Triangle Strategy helped to popularise the HD-2D graphical style, that’s been used in the Octopath Traveler games, the Dragon Quest 3 remake, and forthcoming Switch game The Adventures of Elliot.

This is a news-in-brief story. This is part of our vision to bring you all the big news as part of a daily live report.



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August 24, 2025 0 comments
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XRP Back at $3 Following Ripple's SEC Win, Market Eyes Next Move
NFT Gaming

XRP Back at $3 Following Ripple’s SEC Win, Market Eyes Next Move

by admin August 24, 2025


XRP saw a sharp surge toward the weekend as investors reacted to the latest development in the Ripple SEC lawsuit, which saw its official closure.

According to a recent update provided by James K. Filan as regards the Ripple lawsuit, the Joint Stipulation of Dismissal of appeals filed by both parties on Aug. 7 has been approved by the Second Circuit, marking the official close of the highly followed legal battle.

The week had also been remarkable for the XRP Ledger ecosystem, in particular for the Ripple USD stablecoin, RLUSD.

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This week, Bullish announced that its historic $1.15 billion IPO would be settled in stablecoins, including RLUSD.

Ripple has also signed a new memorandum of understanding (MOU) with SBI subsidiary SBI VC Trade, outlining a plan to distribute Ripple USD (RLUSD) in Japan.

XRP returns above $3

XRP surged from a low of $2.78 to $3.10 on Friday as markets were sent into frenzy mode after Fed chairman Jerome Powell hinted at the possibility of a September rate cut in his address at the annual Jackson Hole, Wyoming.

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The move brought XRP above the daily SMA 50 at $3.01 again after it had declined beneath it earlier at the week’s start.

At press time, XRP was still sustaining above $3, trading up 8.54% in the last 24 hours to $3.03. XRP’s trading volume has risen in tandem with the price rise, up 83% in the last 24 hours to $10 billion.

Going forward, traders will watch if XRP will flip the daily SMA 50 at $3 once again into support to aim for a retest at recent highs of $3.38 and $3.66. A further drop below $3 might target the next major support at the daily SMA 200 at $2.46.



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August 24, 2025 0 comments
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Ripple
Crypto Trends

Latest RLUSD Stablecoin Could Propel Ripple To Limelight Amid Trillion-Dollar Predictions

by admin August 24, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Ripple’s RLUSD stablecoin is a potential game-changer in the rapidly expanding stablecoin market, which is projected to reach trillions of dollars. With SBI Holdings planning to bring RLUSD to Japan, the stablecoin could be integrated alongside XRP, positioning Ripple for a stronger role in global payments. 

RLUSD To Propel Ripple Into Global Spotlight

A recent report by tech researcher SMQKE on X social media has reignited attention on Ripple’s strategic moves in Japan. With the introduction of RLUSD in the country, the crypto payments company could steer its growth in the stablecoin market, which is projected to expand from a 300 billion valuation to a trillion in the coming years. 

SMQKE stated in his post that Ripple’s On-Demand Liquidity (ODL) service is already operational in Japan, allowing RippleNet customers to leverage XRP for cross-border payments. This development reduces pre-funding requirements and positions XRP as a critical liquidity tool for remittances, particularly in one of the world’s most expensive cross-border payment corridors. 

SMQKE further pointed to the alignment between the firm’s ODL infrastructure and the upcoming introduction of RLUSD. With SBI Holdings confirming plans to bring the stablecoin to Japan in early 2026, RLUSD is poised to complement XRP in powering remittance flows and institutional payments. This dual-layered ecosystem, where XRP drives liquidity and RLUSD ensures stability, could strengthen Ripple’s position in a market expected to multiply. 

The integration holds particular significance for Japan’s payment ecosystem, where remittance flows from the country to the Philippines, mainly driven by the country’s third-largest foreign worker population, reached nearly $1.8 billion in 2020. Japan also carries some of the world’s highest cross-border payment fees. In line with this, the company’s ODL service, in collaboration with SBI Remit, Coins.ph, and SBI VC Trade, directly addresses these inefficiencies. At the same time, the pending rollout of RLUSD in Japan adds another layer of utility. 

Ripple And SBI’s Role In Distributing RLUSD 

Ripple has confirmed its recent advancements in Japan in a press release announcing the upcoming launch of the RLUSD stablecoin within the country. The crypto company disclosed that as stablecoins become an integral part of the global financial infrastructure, the next wave of adoption is set to be driven by practical utility and institutional demand. 

Ripple and SBI Holdings disclosed a new Memorandum of Understanding (MOU) with SBI VC Trade, outlining just how RLUSD will be distributed across Japan. The crypto payments company notes that RLUSD has been positioned as an enterprise-grade stablecoin, fully backed by US dollar deposits, short-term government bonds, and cash equivalents, with independent monthly attestations ensuring transparency. This regulatory and compliance-first design distinguishes the asset from other stablecoins in circulation. 

Notably, SBI VC Trade CEO Tomohiko Kondo described the upcoming launch as a significant step forward in expanding stablecoin options in Japan and accelerating the convergence of finance and digital technology. He further emphasized that the company will continue working closely with Ripple to build a safe and transparent financial infrastructure.

XRP trading at $3.05 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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August 24, 2025 0 comments
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What’s on your desk, Dominic Preston?
Gaming Gear

What’s on your desk, Dominic Preston?

by admin August 24, 2025


Not all of The Verge’s staff live in the US. For example, news editor Dominic Preston is based in London and is, as he says, “responsible for keeping our news coverage ticking over in UK mornings before the US team comes online.” He also curates our new Verge Daily newsletter and covers Android phones, especially all the models that don’t launch in the US.

And outside of work? “I’m a bit of a food obsessive,” he says, “and run a newsletter called Braise where I review London restaurants and cookbooks, and occasionally try my own hand at recipe writing. That means I spend most of my free time cooking, eating, or thinking about food, and so also a decent amount of time in the gym trying to make up for that.”

Where is your workspace located?

This is an office that I share with my partner in our flat in London. It used to be a second bedroom, but now we’ve kitted it out with two desks and a sofa bed for the occasional times we actually have guests to stay. My partner is a PhD student, so her working hours are a bit unpredictable, and split between here and school — which means that 90 percent of the time I’ve got the office to myself.

A shared office with two desks, two chairs, and a cat.

Could you tell us about your desk(s)?

We both have standing desks. Mine is an Autonomous SmartDesk 2 that’s electronic and automatic, hers an old pneumatic model by Bakker Elkhuizen that they don’t make anymore, which annoys her because it requires a bit of effort to shift up and down. They’re both decorated with self-healing cutting mats, which are still occasionally used for arts and crafts (or as the backdrop for my product photos) but mostly double as giant mouse mats.

You have both a chair and a walking station. What are they, and how well do they work for you?

The chair is a secondhand Herman Miller. It actually used to be my partner’s, while I sat in a big Duelhawk Jet Black PU gaming chair (also no longer available), until we each realized we preferred the other’s seat and swapped. I’m old enough, and sore enough, to be willing to invest a little in the chair I’ll be using every day anyway.

The walking pad is a pretty cheap one from Mobvoi. I actually bought it immediately after reading a piece by my colleague Victoria Song on a different Mobvoi model, and following her advice I’ve made no attempt to touch its smart features or track my workouts; so far it’s served me well. I just use it as slow as it goes, and try to spend as much of every morning walking on it as possible — on a good day I’ll rack up two or three hours of steady walking time; on a bad day I’ll keep putting it off until the coffee hits and never quite get going. Either way, I let myself sit down for the afternoon, which is more likely to be concentrated writing time — I find it hard to do anything too creative or complicated while walking at the same time.

(I know, I know, my cable management isn’t great. I tend to be very tidy, but cables are one of the few things I absolutely don’t have the patience to organize. Sadly, having a standing desk really lays bare those sins, so I may have to force myself to get better about it.)

A walking pad helps with fitness. Photo by Dominic Preston / The Verge

Cable management can be a problem. Photo by Dominic Preston / The Verge

Here’s the long one: tell us about the various tech devices you’re using.

My current setup is slightly awkwardly trapped between my work and personal computers, though I have some plans in the works to improve it.

My work machine is an M2 MacBook Air, which lives propped up on a Ugreen laptop stand. It’s connected to the monitor on the right, a cheap 24-inch QHD Philips model that I bought in 2020.

The confusing part of my setup is that second monitor, an embarrassingly old Acer one. That’s because I’ve also got a desktop PC that I use outside of work, and that connects to both monitors. At the end of the work day I can flip the MacBook shut, and my personal setup is good to go. It’s all unnecessarily cluttered, though, especially since the MacBook can’t support both external monitors at once, so this year’s big upgrade will probably be a 32-inch 4K monitor to replace the pair of them. I’ll happily take any recommendations from the comments!

My keyboard is the Logitech MX Keys S, which I love. I’m as much of a sucker for a good mechanical board as the next guy, but I love low-profile, full-size keyboards, and good mechanical options in that space are few and far between. I used to use a Hexgears Venture, but I ran it into the ground eventually, and this has served me well since.

The mouse is also Logitech, though it isn’t my usual one. I picked up this MX Anywhere 3S a while back to use when I’m traveling to trade shows and product launches, and usually have the larger MX Master 3S on my desk. Sadly the left button on that has given up the ghost, and I’m holding off on replacing it in the hopes that the long-rumored MX Master 4 is about to launch.

Continuing the Logitech theme (I’m just now realizing quite how much of my desk setup was built by them), I have an old Z337 2.1 speaker system that just barely fits on the desk right now (another reason I need to switch to a single monitor), and a Brio 500 webcam that I mostly like for how easy it is to flip the built-in privacy shutter.

Everything connects up through an Anker Prime USB hub that’s almost certainly more powerful than I need it to be, but has lots of front-facing USB ports for charging my array of phones, helped by a Xiaomi 50W wireless charging stand, which made more sense when I was using a Xiaomi 14 Ultra as my main phone, but is slightly wasted now — other phones don’t hit that max charging speed.

I tend to have a rotating cast of phones floating around my desk, though this is relatively tidy for me — on messy days I can have up to five or six handsets taking up space. Beyond the Vivo X200 Ultra I used to take these photos, you can see the Fairphone 6 and Huawei Pura X, the two phones I’ve most recently been testing for reviews.

Tell us about your camera collection.

I decided I wanted to try out film photography back in 2019, because I was spending a lot more time writing about cameras as part of my phone reviews and using cameras as part of my job. I figured film would be a good way to make myself learn more about the core principles.

I picked up this Canon EF on eBay. It’s a ’70s SLR with a metal body, which means it’s heavy but is built like a tank — I suspect it will outlast me. It came with a Canon 50mm lens, and I’ve gradually picked up a few cheap options to go with it: a 28mm wide-angle, a 35-70mm for when I want flexibility, and a 70-210mm telephoto I bought specifically for a safari in Kenya a couple years back. I always tell myself I’ll buy better-quality lenses when I’m a good enough photographer to get the most out of them, but I’ll probably just have to bite the bullet eventually.

The microphone living alongside them all is the Rode NT-USB, which I use for podcasts and videos, though I’d like to get a boom arm for it so I can store it around the desk.

A Canon film camera with its several lenses.

You’ve got a lot of toys and games on those shelves! How long have you been collecting them?

This is a really motley assortment of things I’ve collected over the years — some bought, some gifted, some acquired from an old office clearout. There’s more dotted around the rest of my apartment, though my girlfriend is on an (understandable) mission to concentrate it all in the office.

Do you have any favorites?

I’m an absolute Alien obsessive, and I actually have two full-size facehuggers, one plushie and one vinyl, which I adore. There’s also a (sadly not full-size) power loader from Aliens, which I can’t get enough of. Elsewhere in the apartment I have a few original ’90s Street Sharks and Small Soldiers action figures, which are still waiting for the right shelf to display them on.

The board game collection is small but steadily growing. I’ve been playing a lot of Gloomhaven over the last year or so, though Betrayal at House on the Hill is probably the game that gets broken out most often. I’ve also got a healthy collection of D&D 5e and Alien RPG sourcebooks — I can strongly recommend the latter, and that’s not just the fanboy in me speaking!

Okay, tell us about that beautiful cat.

That’s Noodle, one of our two cats (the other is Loaf, and yes, of course they have an Instagram account).

She’s actually a recent addition to my desk. We’ve had the cats for a couple of years, but in the last few months Noodle has decided she really wants to hang out with me while I work, and will happily lie down on my keyboard to do so. We set her up with a little blanket bed instead, which she now sleeps in about half the day, though she still isn’t above a keyboard nap when the mood strikes. The biggest surprise to me is that she doesn’t seem to mind the standing desk going up or down while she’s on it, which I expected would cause a bit of panic.

Photographs by Dominic Preston / The Verge

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August 24, 2025 0 comments
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Deadlock
Esports

Deadlock’s latest update revives the game with massive player count increase

by admin August 24, 2025



After the initial player count boom that came with Deadlock Alpha access, the player count has steadily fallen. And, sure, it’s not publicly available yet, but the player count going from close to 200k at “launch” to around 10k before the latest update isn’t exactly ideal.

Deadlock has maintained a small yet loyal following through its lengthy Alpha. If you consider 10-15k players small, anyways. There’s pretty much never been a point where queues aren’t popping, and there are some people really grinding to learn ahead of the eventual release.

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However, the average player moved on. Updates take months at this point, with the dev team generally shifting away from rapid changes to work on more substantial updates.

And, around 3 months after the last big update, the team really delivered. Between releasing 6 new heroes in the span of less than 2 weeks, new music, a UI overhaul, and, for those who haven’t played since last year, a completely new map. There’s a lot to love here, and players are Deadlocked in.

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Deadlock earns players back with massive update

So, why are so many people returning to Deadlock all at once if the previous updates didn’t win them over?

At the time of writing, only three of the six revealed characters have been released. But that’s a key part of why player retention has been so high: Players get to vote for the next character they want, but they have to play matches in order to earn votes.

However, this wouldn’t mean anything if the game wasn’t fun. Fortunately, the new roster of heroes has players more engaged than ever.

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The proposition of fun and exciting new characters combined with the ability to earn your way toward deciding who’s next seems to be a winning formula for player retention, but that’s not all. The UI, menus, music, and many of the character designs have had some massive quality of life improvements, especially if you’re someone who hasn’t played since last year.

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Between the new map, an easier to access item system, 3 lanes instead of 4, and a whole lot of quality of life changes, it’s no surprise that players are hopping in and sticking around.

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DeadlockThe Doorman is the newest Deadlock character at the time of writing, and he’s probably the closest thing we’re ever going to get to Portal 3.

Deadlock went from 14k peak players to around 28k in the day after the update, but it’s since catapulted all the way to 47k. This is the biggest peak Deadlock has had in months, and there are no signs of that momentum stopping.

While the game is nowhere close to a full release yet, Valve is putting their full force into making their vision for Deadlock a reality.



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August 24, 2025 0 comments
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Cardano (ADA) to $1: What Remains
GameFi Guides

Cardano (ADA) to $1: What Remains

by admin August 24, 2025


Cardano briefly reached $1 in mid-August to the delight of bulls, building on a rally that initiated after late July’s sell-off.

However, as soon as ADA’s price reached $1, it couldn’t sustain momentum and retreated afterward. This was followed by consistent attempts by the bulls to hit $1 in the days that followed, but these stalled just above $0.90.

This trend continued until this week, when markets plunged in response to macroeconomic uncertainty, wiping out millions in long liquidations at the start of the week.

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Cardano reacted with a major two-day drop from the Aug. 17 high of $0.987 to a low of $0.843 on Aug. 19. The markets, however, failed to gain momentum with the ADA price dropping to a low of $0.8215 on Friday, from where it sharply rebounded.

Cardano to $1: What’s left?

Cardano sharply rose from a low of $0.8215 to $0.9415 on Friday after Federal Reserve chief Jerome Powell signaled the central bank may not wait for perfect inflation before reducing interest rates.

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Momentum indicators such as the daily RSI have flipped into the positive zone, hinting at a slight edge for bulls, although the likelihood of consolidation remains before a decisive move.

En route to $1, Cardano appears to be forming a resistance zone above $0.9, in the range of $0.93 to $0.99, as seen in multiple retests since Aug. 15.

For Cardano to achieve $1 and above, this resistance range needs to be squashed with enormous buying pressure. On the other hand, major support is envisaged at the daily SMA 50 at $0.79 in the event of a drop.



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August 24, 2025 0 comments
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Discontinued Arcade1Up Countercade Randomly Restocked At Amazon
Game Updates

Discontinued Arcade1Up Countercade Randomly Restocked At Amazon

by admin August 24, 2025



Arcade1Up’s Countercades are great for those who have limited space as well as anyone who doesn’t want to drop $500 on a standing home arcade machine. Unfortunately, Arcade1Up seems like it could be done with its series of compact machines. All of the manufacturer’s Countercades are discontinued. Until this month, we hadn’t seen an Arcade1Up Countercade in stock since last holiday season. So we were surprised to find the Arcade1Up Class of ’81 Countercade in stock at Amazon this week.

Arcade1Up Ms. Pac-Man and Galaga Countercade

The Class of ’81 Countercade is themed around Ms. Pac-Man and Galaga, though it also includes Dig Dug. The cabinet launched last October for $150 and then disappeared before Christmas. It had a peculiarly brief lifecycle, and now it has a fittingly strange restock. The Class of ’81 Countercade is sold and shipped by Amazon, but the price is $167.16. It’s only $17 above the original MSRP, and the $150 MSRP was surprisingly low to begin with–and contributed to it selling out so fast.

Snag the Arcade1Up Class of ’81 Countercade while you can; over on StockX, resellers have it listed for $299. The compact machine is one of only about a dozen Arcade1Up cabinets available on Amazon at the moment.

$167.16 | In stock on August 23 (Discontinued)

The Class of ’81 Countercade has a 7-inch, vertically oriented LCD screen surrounded by Ms. Pac-Man artwork on the left and Galaga artwork on the right. Despite the compact form factor, Arcade1Up Countercades have full-size controls. This one has a red ball-top arcade stick, two yellow buttons, a red button, and switches for power and volume. The marquee, side panels, and control deck have Class of ’81 art icons and logo art.

As mentioned, the machine has three arcade classics developed by Namco:

The full dimensions for the machine are 8.7 x 9.4 x 13.11 inches, and it only weighs 6.3 pounds. Though designed to be played on a flat surface like a desk or countertop, it’s light enough to rest on your lap while you’re on the couch. You don’t even need to be near an outlet, because the Class of ’81 Countercade can be powered by the included Micro-USB cable or four AA batteries (not included).

If you hate Micro-USB as much as we do, grab this rechargeable AA battery 4-pack and charger kit for $12.

The previous Pac-Man Countercade retailed for $200. Amazon’s store page makes it seem like $167.16 is MSRP. This sometimes happens when Amazon restocks discontinued products. Amazon sometimes has really random prices for things that have effectively turned into Amazon exclusives.

$600

Arcade1Up just launched a new Ms. Pac-Man machine in its Head-to-Head Arcade Table line. The table has a light-up control deck and joysticks/buttons on each side of the 17-inch LCD screen. The $600 Ms. Pac-Man Arcade Table comes with 12 games:

  • Ms. Pac-Man
  • Pac-Mania
  • Dig Dug
  • Dig Dug II
  • Galaxian
  • Galaga
  • Galaga ’88
  • Mappy
  • Rolling Thunder
  • Tower of Druaga
  • Rompers
  • New Rally X

The Ms. Pac-Man Head-to-Head machine is the only arcade table from Arcade1Up available on Amazon today. Some of Arcade1Up’s traditional standing Deluxe Edition Cabinets are still actively being produced today. Most are priced at $600, though a few such as Pac-Man, NBA Jam, and Mortal Kombat are $500.

Arcade1Up Deluxe Edition Arcade Cabinets (August 2025)

If you’re interested in Namco arcade classics, check out the upcoming Atari 2600+ Pac-Man Edition Console Bundle. This special-edition system plays real Atari 2600 and 7800 cartridges and comes with a yellow wireless joystick and Pac-Man: Double Feature, a cart with a newly developed version of Pac-Man and the original 2600 release. Extra joysticks themed around the Ghost Gang are available to preorder separately, as are three additional Namco classics on cartridge, including Galaga and Dig Dug.



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August 24, 2025 0 comments
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Crypto
NFT Gaming

IRS Loses Top Crypto Enforcer After Only 90 Days on the Job

by admin August 24, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Trish Turner’s sudden exit from the IRS digital assets unit has sharpened attention on how the US will handle crypto tax enforcement going forward.

Based on reports, Turner stepped down roughly three months after taking the post, closing out a career that spanned more than 20 years at the agency.

What The Resignation Signals

According To LinkedIn posts and media reports, Turner said she looks forward to “continuing this mission from a new vantage point” and to building ties between industry and regulators.

Reports have disclosed she will join the crypto tax firm Crypto Tax Girl as tax director, a move confirmed by founder Laura Walter.

Bloomberg Tax first reported the hire. For industry players, the move is a reminder that public-sector know-how is in high demand in the private market.

Turnover At The Top

Turner follows two prior leaders who left the IRS crypto unit after roughly a year. Sulolit “Raj” Mukherjee and Seth Wilks both exited before Turner’s appointment in May.

That pattern raises questions about leadership continuity as Congress and oversight bodies push for clearer policy and improved enforcement.

On July 11, House committee leaders scheduled hearings aimed at creating a formal tax policy framework for digital assets. These hearings will test the IRS’s ability to keep up while staff and senior leaders change.

BTCUSD currently trading at $114,654. Chart: TradingView

Political And Oversight Pressure

Several recent developments have fed the urgency around crypto tax work. On July 4, US President Donald Trump signed a joint resolution that rolled back a Biden-era rule requiring some DeFi protocols to report transactions to the IRS.

On April 11, the US Treasury Inspector General for Tax Administration urged reforms after finding failures in how IRS criminal investigators handled digital-asset cases.

And in March, the Department of Government Efficiency, or D.O.G.E. proposed cutting the IRS workforce by 20%, a plan that would reshape capacity across the agency.

Industry Reaction And Next Steps

Economist Timothy Peterson greeted Turner’s move with levity, saying, “Trish Turner left the Dark Side to become a Crypto Jedi Knight.”

The quip points to a wider trend: regulators are being recruited by private firms that need help navigating new tax rules and growing compliance demands.

IRS Director Trish Turner left the Dark Side to become a Crypto Jedi Knight. Also to make 10X what the IRS paid her. Bio listed within hours. Don’t hate on her. One less of them. One more of us. pic.twitter.com/AgzjXWn1I9

— Timothy Peterson (@nsquaredvalue) August 22, 2025

For taxpayers and companies, that means better access to specialist advice. For the IRS, it may mean a steeper challenge in keeping institutional knowledge inside the agency.

What Comes After Turner

Based on reports, Turner did not list a start date in her announcement. The IRS has not publicly detailed a replacement plan.

With hearings planned and inspector general recommendations on the table, the agency’s work on digital assets is unlikely to slow.

How quickly leadership is restored, and whether the IRS can retain senior talent, will matter to lawmakers and to the businesses that must follow evolving tax rules.

Featured image from Getty Images, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.





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August 24, 2025 0 comments
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Crypto Trends

Bitcoin ETFs Shed $1 Billion in Five Days Amid Ethereum Comeback

by admin August 24, 2025



In brief

  • Bitcoin ETFs are experiencing a significant sell-off, with over $1.1 billion in outflows over the past five days as investors de-risk ahead of the Jackson Hole symposium.
  • Ethereum ETF flows have bucked the bearish trend, with a strong inflow on August 21.
  • Crypto market remains highly volatile with significant liquidations and key price levels in play, as traders await clarity on the Fed’s interest decision.

Bitcoin ETFs continued their five-day streak of outflows, shedding over $1.1 billion in the past week as investors de-risk ahead of U.S. Federal Reserve Chairman Jerome Powell’s final address at Friday’s Jackson Hole symposium.

This widespread sell-off in risk-on assets has coincided with a 10% crash in Bitcoin’s price since its August 14 all-time high of $124,545.

U.S. equities have also suffered a similar fate, with the S&P 500 index down 1.72% since its own high on August 13.

The large-scale de-risking across ETFs and cryptocurrency markets can be attributed to a concerning inflation data released in August, leading to a significant shift in the market’s rate cut perspective.

The rate cut odds, as a result, have dropped from 90% to 75%, triggering an outflow spree in Bitcoin ETFs.

Ethereum ETF flows, however, have bucked the bearish trend, noting a $286.7 million inflow on August 21, ending the four-day outflow streak.

“Ethereum is going through one of the strangest weeks these days,” Arthur Azizov, Founder and Investor at B2 Ventures, told Decrypt.

The market is “stuck between adoption and stress,” Aziziv said, highlighting the buyers’ inability to move prices despite positive news like BTCS’s plan to pay dividends in Ethereum.

The recent $3.8 billion in staking validator exits have added selling pressure to Ethereum, said Azizov, but clarified that the long-term institutional trend is a “key tailwind” since these large investors control 5% of Ethereum’s supply, which helps “tightens the float.”

As investors speculate on what Powell might say, volatility is likely to remain elevated.

The sudden drop in Bitcoin’s price, which trades around $112,500, caused over $100 million in liquidations over the past hour alone, with $317 million worth of positions forced to close in the past 24 hours, according to CoinGlass data.

Options data on Deribit shows a high concentration of trading around the $120,000 and $110,000 strike prices, indicating a strong battle for control at those levels ahead of Powell’s highly anticipated speech.

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August 24, 2025 0 comments
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