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There's a new Platinum game hidden in the Metal Gear Solid 3 remake that's actually a remake of a rework of a Zone of the Enders 3 prototype
Game Updates

There’s a new Platinum game hidden in the Metal Gear Solid 3 remake that’s actually a remake of a rework of a Zone of the Enders 3 prototype

by admin August 22, 2025


Did you know that the original Metal Gear Solid 3 on PS2 had a reworked Zone of the Enders 3 prototype hidden in it? I didn’t. The secret minigame in question is “Guy Savage”, a barebones hack-and-slasher featuring hook swords, bestial transformations and zombie coppers. It’s framed as a dream of Naked Snake’s – triggered by a combination of torture and an unhelpful reference to Dracula from radio contact Para-Medic during a codec conversation before saving.

The original Guy Savage was directed by long-time Metal Gear Solid writer Shuyo Murata. The dreamy minigame returns in Metal Gear Solid Delta: Snake Eater, an Unreal Engine remake which launches next week. It’s a lot glossier this time, however, because the new version has been contracted out to Bayonetta studio PlatinumGames. They’ve gone to town on the visuals, trading the old jailhouse backdrop for a moonlit graveyard, though the spinning and gouging looks pretty much as before. Here’s a video of the PS2 version, and here’s some footage of the updated one from Gamespot.

Learning about Guy Savage gives me the heebie jeebies, somehow. Delta Snake Eater is Konami’s latest bid to show that Metal Gear Solid has a future after Hideo Kojima, but it’s also a fawning tribute to the guy, a careful recreation of every eccentric flourish that took root under his eye, whether it truly came from Kojima or no.

As I attempted to articulate last August, Delta Snake Eater feels stranger than the average blockbuster remake project because Kojima has built up a brand for bespoke designer’s asides – brilliant or silly titbits born of Kojima’s own proudly brandished fan obsessions, that create a feeling of closeness to the auteur, even if they were executed by one of his underlings.

Konami have extracted all those wonky fossilised organs and sent them off to be rehydrated and plumped up, then pushed them back into the game’s body while grafting on new skin. In the case of the Guy Savage, the fossilised organ is also the aborted stub of another game, the Zone of the Enders threequel Konami cancelled in 2013. Apparently, Kojima wanted the minigame to be Gradius initially, but decided an original game would be better.

It’s just weird! Video games are weird! They are the ultimate haunted houses. This is probably the only thing I’ve discovered about Delta Snake Eater that seriously interests me. We’ll hopefully have a review ourselves before the remake’s release next week, on 28th August.



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August 22, 2025 0 comments
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DeFi
NFT Gaming

Writing Defi Code Won’t Land You In Jail

by admin August 22, 2025


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

In a major policy shift, federal prosecutors are changing how they approach decentralized finance, or Defi.

After years of uncertainty around liability for coders and software developers, officials are now drawing a clear line between creating technology and committing a crime.

The US Justice Department has announced it will no longer target software developers who build Defi platforms without proof of criminal intent.

Acting Assistant Attorney General Matthew Galeotti made the remarks Thursday during a digital assets summit in Wyoming. He said that writing code alone does not constitute a crime.

This signals a significant change from earlier enforcement strategies where prosecutors charged developers for operating unlicensed money transmission businesses.

Debate Over Money Transmission Rules

Regulators have long applied stringent rules to companies in the money remittance business, but the rise of Defi systems is putting those standards to the test.

Traditional payment platforms face clear obligations, while DeFi projects say those same rules don’t make sense in a code-driven environment.

Money transmitters such as PayPal and Cash App must secure licenses and comply with anti-money laundering obligations. They also have to verify customers and report suspicious transactions.

But decentralized exchanges argue these rules don’t fit their model since they have no control over user activity on their platforms.

NEW: US DOJ’S ACTING AAG MATTHEW GALEOTTI SAYS “OUR VIEW IS THAT MERELY WRITING CODE, WITHOUT ILL INTENT, IS NOT A CRIME. INNOVATING NEW WAYS FOR THE ECONOMY TO STORE AND TRANSMIT VALUE AND CREATE WEALTH, WITHOUT ILL INTENT, IS NOT A CRIME”https://t.co/iyGVBr0BCZ

— DEGEN NEWS (@DegenerateNews) August 21, 2025

Source: Getty Images

On Defi, Hiding Money & Ill Intent

The issue came under the spotlight after a New York jury recently convicted Roman Storm, co-founder of Tornado Cash, on conspiracy charges linked to operating an unlicensed money transmitting business.

Tornado Cash is a privacy service specifically designed to make Defi and cryptocurrency transactions more difficult to trace.

Jurors could not reach a decision on whether Storm committed money laundering or violated sanctions.

Prosecutors said the service allowed illicit finance, while critics of the case argued Storm had only written code.

Total crypto market cap currently at $3.7 trillion. Chart: TradingView

Prosecutors Will Prioritize Evidence Of Intent

According to Galeotti, future cases in the Defi and crypto space will require proof that a developer knowingly aided fraud, sanctions evasion, or laundering.

“Innovating new ways for the economy to store and transmit value and create wealth, without ill-intent, is not a crime,” he said.

He added that laws banning unlicensed money transmission will not apply to developers unless there is evidence of deliberate wrongdoing.

The focus of the US justices will remain on fraud, Ponzi schemes, and global laundering networks, including those based in China and other countries suspected of carrying out illicit transactions.

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 22, 2025 0 comments
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Ethena Clears XRP, HYPE for USDe backing after onboarding BNB
Crypto Trends

Ethena Clears XRP, HYPE for USDe backing after onboarding BNB

by admin August 22, 2025



Ethena Labs has formally approved XRP and HYPE under its new Eligible Asset Framework. The metrics-driven approach, which recently onboarded BNB, mandates stringent liquidity and depth requirements for all assets backing USDe’s futures hedges.

Summary

  • Ethena Labs approved XRP and HYPE as eligible assets to back its USDe synthetic dollar, following BNB’s onboarding.
  • Both tokens cleared strict thresholds for liquidity, open interest, and trading volume under Ethena’s new Eligible Asset Framework.

According to an announcement on August 22, Ethena Labs’ independent Risk Committee has formally approved Ripple (XRP) and Hyperliquid (HYPE) tokens as eligible assets to back its USDe synthetic dollar.

The Ethena Risk Committee have established the Eligible Asset Framework, which represents a new approach to widening approved backing assets specifically for the perpetual futures portion of the collateral backing of USDe.

As part of the new framework, BNB has been approved as… pic.twitter.com/SiT0Dt549E

— Ethena Labs (@ethena_labs) August 22, 2025

The move follows the successful onboarding of Binance Coin (BNB) and is the first application of the protocol’s newly unveiled Eligible Asset Framework. Ethena Labs said the committee’s decision was based on a cold, hard analysis of quantitative data, with both assets clearing minimum thresholds for open interest, trading volume, and market depth across major exchanges.

The data behind the decision

To vet these assets, the committee relied on a rigorous data pipeline sourced primarily from the Coinglass Open API, with a cut-off date of August 16. This data spanned major centralized exchanges, including Binance, Bybit, and OKX, which serve as Ethena’s primary hedging venues.

The approval of XRP and HYPE was not a close call based on the published metrics. Both assets convincingly surpassed every minimum threshold. Each boasts a two-week average open interest well above the $1 billion benchmark, a critical measure that ensures Ethena’s trading team can establish large short positions without moving the market.

Additionally, their spot and perpetual trading volumes consistently exceeded $100 million daily, while their market depth, including the liquidity available within 1% of the current price, proved robust enough to handle significant trades without major slippage.

The committee also found that both assets cleared the 180-day minimum open interest hurdle of $300 million, demonstrating their market maturity and resilience even through periods of volatility, Ethena Labs said.

This data-centric approach also clearly delineated which assets did not make the cut. Despite their popularity and decent volatility profiles, both Sui (SUI) and Cardano (ADA) were rejected by the committee.





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August 22, 2025 0 comments
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Marvel Rivals Season 3: Phoenix gritting her teeth as she's pinned to the ground by Hela, who's out of frame.
Gaming Gear

Marvel Rivals dev’s transparent, 18-minute breakdown of how ranked isn’t rigged fails to placate players who hate losing

by admin August 22, 2025



To prove to the growing number of players who think Marvel Rivals’ ranked mode is rigged or somehow unfair, the official X account dropped a video that reveals a surprising amount of detail about why that’s totes not the case.

Lead combat designer Zhiyong spends a packed 18 minutes explaining the math that determines how high you climb based on ranked wins and how the matchmaking system tries to create fair games. The gist is that Marvel Rivals works like a lot of other competitive games, but because there are six-player teams and a roster of wildly different heroes it has to do some guesswork that won’t always lead to perfectly balanced matches.

It’s true that you might be put on a team with people who aren’t as good as you, but the system takes that into account when calculating how much a win or loss is worth. A player who performs much better than their team and still loses won’t be punished as hard, for example. But as you go up in ranks, personal performance isn’t weighted as heavily in the calculation.


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Your individual performance on a hero is compared to every other player on the same hero at the same rank. The system then combines the averages for all your teammates and determines your team’s total average skill level. In a match where your team’s level is higher than the enemy team’s, you’ll gain fewer competitive points for winning and drop more points for losing.

The matchmaking system tries to match teams with the closest skill levels and will do its best to pit groups of players against other groups rather than people playing solo. But because of the number of variables with server regions and fluctuating skill levels, the teams are rarely perfectly even.

We’ve heard your feedback on matchmaking and ranking in Marvel Rivals, and your voices matter! Check out our Lead Combat Designer, Zhiyong, as he shares our developer insights on the matchmaking and ranking system. Watch the full video to see the systems behind the game! pic.twitter.com/OmErw2WMgUAugust 21, 2025

Anyone who has heard Blizzard talk about Overwatch’s ranked system will be familiar with a lot of this. Marvel Rivals isn’t very different apart from the fact that it doesn’t have a way to queue for a specific role you want to play, which Zhiyong says wouldn’t actually fix the problem of unbalanced matches.

However, Zhiyong doesn’t address what would happen if Marvel Rivals introduced placement matches to calibrate your skill level up front instead of gradually over time. Many players believe that this would make matches fairer when ranks are reset every season. It sounds like the studio has considered it, according to a reply from executive producer Danny Koo on X where he said he’s “on the placement side of things.”

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.

There aren’t any huge revelations in the video if you’re familiar with competitive games. Zhiyong lays out what looks to be a fairly standard system for hero shooters, and he re-confirms that the game doesn’t use Engagement Optimized Matchmaking (EOMM) that ignores your skill level and feeds you wins to keep you hooked.

Even with the surprisingly in-depth explanation, not everyone is happy. Such is the curse of competitive games, I guess. There will always be players who believe the system is built to punish you with idiot teammates and loss streaks and not that probability plays a larger role than they’d think. Not that there isn’t room for improvement, but assuming there’s a way to achieve perfectly balanced matches for every single player is wishful thinking.

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August 22, 2025 0 comments
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Esports

Canadian police investigating after beef thieves steal $160k worth of product

by admin August 22, 2025



Windsor police are investigating the theft of a semi-trailer loaded with more than $160,000 worth of beef after it was stolen in broad daylight earlier this month.

Authorities said the trailer, which held 530 boxes of boneless beef chuck roast, was taken from a parking lot on Cabana Road East near Windsor International Airport on August 2. The theft happened at around 6:30 p.m.

Investigators believe a dark grey Jeep Rubicon and a white Cascadia Freightliner were used in the crime. Two suspects were seen breaking into the truck before hooking up the trailer and driving away. Police say the vehicle is thought to have headed east on Highway 401.

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Windsor Police

Police ask for information

The first suspect is described as slim with long curly dark hair, dressed in all black. The second wore dark pants, a light-coloured shirt, and a dark baseball hat.

Windsor police are asking residents and businesses along Cabana Road East, between Walker Road and Baseline Road, to review security or dashcam footage for possible evidence.

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As for their motivation, it’s unclear why they’d want to steal so much meat and what they plan to do with it.

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Anyone with information is urged to contact Windsor police’s Target Base Unit or provide tips anonymously through Crime Stoppers.

This isn’t the first high-dollar food theft to take place over the last couple of years. Back in 2024, a 63-year-old man was arrested in the UK after allegedly stealing $400,000 worth of cheese.



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August 22, 2025 0 comments
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Philippines Congressman Pushes Strategic Bitcoin Reserve Bill With 10,000 BTC Goal
GameFi Guides

Philippines Congressman Pushes Strategic Bitcoin Reserve Bill With 10,000 BTC Goal

by admin August 22, 2025


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

Filipino lawmaker Representative Migz Villafuerte has introduced House Bill 421, which seeks to establish a strategic Bitcoin (BTC) reserve for the Philippines. The bill tasks the Bangko Sentral ng Pilipinas (BSP) with acquiring 10,000 BTC over the next five years.

Philippines Politician Floats Strategic Bitcoin Reserve Bill

Under the proposal, the BSP would be responsible for building a national Bitcoin reserve aimed at strengthening financial security by diversifying the country’s monetary assets. Bitcoin’s performance over the past year has reinforced its reputation as a store of value, with the digital asset hitting an all-time high of more than $124,000 before retreating slightly.

House Bill 421 recommends that the BSP purchase 2,000 BTC annually, targeting a total of 10,000 BTC within five years. These holdings would be locked in for a minimum of 20 years to provide long-term debt stability. Villafuerte explained:

It is vital for the Philippines to stockpile strategic assets such as BTC to serve important national interest such as providing financial stability, among others.

During the 20-year holding period, none of the BTC in the reserve may be sold, swapped, or auctioned except to reduce government debt. One year before the term expires, the BSP governor must provide recommendations on whether to keep the reserve or allow gradual sales.

After the minimum holding period, the reserve may be reduced. However, sales will remain capped at no more than 10% of total holdings every two years.

The bill calls for oversight by the Monetary Board (MB) to ensure transparency. It also requires the BSP to include updates on the Bitcoin reserve in its quarterly reports.

Strategic BTC Reserve Trend Picks Momentum 

In his speech, Villafuerte cited examples of other countries exploring options of establishing a strategic Bitcoin reserve. For instance, the US government is actively working on developing its BTC reserve, following Donald Trump’s victory in the November 2024 presidential election.

Following in the US’ footsteps, multiple countries have expressed willingness to create their own sovereign BTC reserves. Earlier this year, several Chilean lawmakers proposed the creation of a strategic Bitcoin reserve for the South American country.

Source: World Population Review

In the same vein, Pakistan’s Minister for Crypto and Blockchain announced in June the creation of the country’s first strategic BTC reserve. Another South Asian country, Bhutan, has already stockpiled huge quantities of Bitcoin.

Similarly, Brazil’s chief-of-staff to the Vice President said earlier this year that the country can no longer afford to ignore the rising global adoption of the Bitcoin protocol as a reliable monetary network. At press time, BTC trades at $112,420, down 0.7% in the past 24 hours.

Bitcoin trades at $112,420 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash.com, charts from World Population Review and 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 22, 2025 0 comments
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'Star Trek' Journalists, Ranked
Product Reviews

‘Star Trek’ Journalists, Ranked

by admin August 22, 2025


The potential for what journalism looks like in Star Trek is a heady idea that’s been around as long as the series itself. What does reporting the news look like in utopia? What does it mean that the Federation has its own news networks, alongside a host of interstellar media organizations? What does freedom of information mean in a universe that has Starfleet? And yet, we’ve actually had very few characters appear in the series as fully dedicated journalists and reporters.

That changed a little with this week’s episode of Strange New Worlds, “What Is Starfleet?”, which, well… okay, yeah. It was pretty atrocious journalism. But Mynor Lüken’s Beto Ortegas joins a rarefied crew of professional media in Star Trek to have significant roles in the series, for better or worse. So speaking of for better, at least, let’s take a look at who’s got their press hat on tightest in the arena of boldly going.

9) Beto Ortegas

© Paramount

Again, you should probably just read our recap of “What Is Starfleet?” to see why Beto is ranked here. There’s certainly an argument to be made that not necessarily all documentary filmmakers are journalists, but it’s pretty clear that Beto was, at least, trying to engage in investigative journalism in documenting life aboard Enterprise and its reflection of the Federation’s role. Emphasis on the trying there, because what he did really, really sucked!

8) Gannet

© Paramount

On the one hand, Gannet probably shouldn’t be on here. Her job as a journalist was in fact deep cover for her real work with Starfleet Intelligence during the events of Enterprise‘s fourth season—work that got her accused by Archer of potentially being a member of the human-supremacist group Terra Prime. On the other, while ostensibly acting as a journalist, Gannet did both wiretap translator devices at a conference to record attending delegates and, through Mayweather, did ultimately engage in a sexual relationship with a source while purportedly working on a story about the NX-01. Slightly different realm of ethics for an intelligence operative, but definitely not ideal for her cover story in journalism.

7) Natima Lang

© Paramount

Better known for her appearance in the Deep Space Nine episode “Profit and Loss” as a then-current professor of political ethics on Cardassia (and in actuality a radical member of the dissident movement fleeing the wrath of the Cardassian high command), Lang was previously a correspondent for the Cardassian Communication Service during the occupation of Bajor, working directly on Terok Nor. Unfortunately, it’s during that assignment that she met and fell in love with Quark, who promptly used her press access codes to directly steal money from the Cardassian government.

Good for Quark (although he was obviously not stealing from the Cardassian occupation forces for altruistic reasons), but deeply embarrassing for Lang.

6) Neelix

© Paramount

Neelix briefly dabbles in the world of independent journalism early on in Voyager, when he attempts to kickstart a daily news program aboard the ship in “Investigations” called A Briefing With Neelix. Although Neelix does attempt to rigorously defend his hard pivot from general interest puff pieces to investigative journalism when he breaks the news that Tom Paris had purportedly been removed from the ship for collaborating with the Kazon, even when pressured by Tuvok to drop his investigation, ultimately he does end up collaborating with Captain Janeway and Tuvok to allow A Briefing With Neelix to be used as bait to catch the real collaborator, Michael Jonas. Can you be state media if the state is a single starship?

5) Sylvia Ront

© Paramount

Do you know how bad everyone below Sylvia Ront on this list has to be at journalism to not even get past a character with a handful of minutes of screentime who simply just reads the broadcast news?

4) Jake Sisko

© Paramount

On the one hand, Jake gets away with an awful lot of his mistakes as a reporter for the Federation News Service on account of being a literal teenager on the front lines of one of the deadliest interstellar conflicts ever seen by the Federation. Hell, he reports from aboard the Defiant during military engagements and even willingly stays behind on the Dominion-occupied DS9 to report the stories of what is really going on there when the Federation is forced to abandon the station, even if his stories are ultimately censored from distribution by the Dominion.

On the other hand, kid or otherwise, Jake is kind of just not that great at his job. For one of his first stories, about a potential non-aggression agreement between Bajor and the Dominion, Jake sources key contextual information—that Captain Sisko, and through him the Federation, is against the pact—from offhand conversations with his father, who was unaware that his son had joined the Federation News Service. Ben shouldn’t have been discussing Starfleet matters with his son, arguably, but Jake also should’ve reached out to his dad as commander of DS9 and Starfleet’s primary representative for comment officially, instead of simply going “the source is literally my dad.” Speaking of that, what he should’ve done was have the story assigned to another reporter, given his direct personal relationship to important figures involved in it!

3) Marci Collins

© Paramount

Marci Collins—the late ’90s 3 Action News reporter we see in Voyager‘s Y2K-era flashback “11:59″—doesn’t really get to do much other than be a consistent voice reporting on the events the audience is watching unfold in the episode, as we see the story of how one of Janeway’s ancestors was convinced to close their bookstore and make way for the construction of the Millennium Gate, the first self-sustaining civic environment, a predecessor to future interstellar colonies. But the fact that the simple act of being a journalist who does their job completely perfunctorily makes her one of the best Star Trek has put on screen speaks to the franchise’s peculiar history with the press.

We’re ranking her above Ront simply because she’s on screen a bit more.

2) Richter

© Paramount

A reporter for the Federation News Network who appears in Picard‘s very first episode, we as an audience are kind of meant to see Richter in part as a bit of an antagonist: she agrees to a very strict set of conditions in order to get access to interview the retired Jean-Luc, including the stipulation that she not ask questions about why he left Starfleet. She does so anyway, leading to Picard having an angry outburst on camera and storming off mid-interview, reflecting very badly on himself in the process.

So sure, boo, the episode frames it as our beloved hero is seemingly ambushed and made to feel bad by a “mean” reporter. But even putting aside whether or not Richter should’ve agreed to the interview on the basis of controlling what questions she can ask, she did ask a perfectly reasonable question that was of considerable public interest to a person who still wielded a great deal of political power. She wasn’t particularly combative with him; she just didn’t offer a softball interview either. Sometimes journalism is about the risk of making people uncomfortable by asking the right questions!

1) Victoria Nuzé

© Paramount

The reporter behind the exposé “Starfleet’s Shame” that uncovered the misconduct (misconstrued or otherwise) by Captain Freeman aboard the Cerritos during the events of Lower Decks season three’s climax, Nuzé is shown to be an incredibly rigorous reporter, especially in light of Captain Freeman’s panicked overreaction to her presence aboard the ship. Her extensive report is not only built on interviewing tons of sources, but also her getting around Freeman’s attempts to blacklist certain personnel from talking to the press (mainly Mariner) speaks to her diligence as a reporter.

Also, she’s literally named “Nuzé.” Talk about the perfect person for the job.

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.



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August 22, 2025 0 comments
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Amazon-published chaotic dungeon creator King of Meat gets release date
Game Reviews

Amazon-published chaotic dungeon creator King of Meat gets release date

by admin August 22, 2025



King of Meat, the Amazon-published dungeon creator action game, now has a release date: 7th October.


Developed by former Lionhead (Fable) and Media Molecule (LittleBigPlanet) developers, Glowmade’s game will feature over a hundred dungeons at launch for 1-4 players to complete, filled with battles and traps. Then, players will be able to create their own dungeons and upload for the community to play.


King of Meat will be released across PC (Steam), PS5, and Xbox Series X/S, and cost £23.95 for the standard edition (or £39.95 for the deluxe edition featuring extra cosmetics).

King of Meat: Release Date TrailerWatch on YouTube


Ahead of release, Glowmade has stressed the game is not pay-to-win, with all purchases being optional cosmetics, and doesn’t include any form of random monetisation like loot boxes.


Future updates will also be free for those with the base game, though post-launch content is yet to be divulged.


Lastly, for those intrigued, a technical test will run this weekend from 23rd – 24th August on all three platforms – simply search for the game on your platform of choice.


I previously went hands-on with King of Meat last year ahead of its initial unveiling and had a lot of fun with its chaotic party atmosphere.

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 22, 2025 0 comments
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NFT Gaming

Ethereum Hits All-Time High Price After Nearly 4 Years

by admin August 22, 2025



In brief

  • Ethereum hit a new all-time high price, breaking a record set back in 2021.
  • The second-biggest cryptocurrency had lagged behind Bitcoin in gains, and long lingered well short of its previous peak.
  • Institutional adoption and a favorable regulatory landscape have helped the coin in recent months.

Ethereum hit a new all-time high price on Friday, breaking a nearly four-year record following recent gains fueled by surging ETH treasuries, an increasingly favorable regulatory environment for the protocol, and growing interest from traditional finance firms.

The second-largest cryptocurrency by market cap is up 15% over the past 24 hours to $4,879, surpassing its previous record of $4,878 set in November 2021, data from CoinGecko shows.

ETH has more than doubled in price over the last two months to outpace even Bitcoin as investors flood into the exchange-traded funds. After coming close to a new record on August 14, the price of ETH dipped alongside the rest of the market, dropping to under $4,100 earlier this week.

But on Friday, crypto prices broadly surged following Federal Reserve Chair Jerome Powell’s comments, which appeared to suggest potential for an interest rate cut ahead. Ethereum jumped by nearly 8% in an hour after the comments, and continued to tick up afterwards.



“It’s finally ETH’s moment to shine: record ETH ETF inflows and the launch of large ETH digital asset treasuries, coupled with broader ecosystem success—Circle and Bullish IPOs, and Trump’s executive order allowing digital assets in 401(k)s,” Brian Huang, co-founder of on-chain automation platform Glider, wrote in an email to Decrypt. “Jerome Powell’s dovish speech today hinting a rate cuts was the final push ETH needed.”

Huang added: “Sentiment in the trenches for ETH is strong as well. Layer-2s like Base continue to grow, and ETH still bodes the most DeFi liquidity by a factor of 9x above the second, Solana. We’re still in the early innings here for ETH, the world’s global settlement layer.”

The recent Ethereum boom has been fueled in part by growing ETF demand. Last week, U.S. spot Ethereum ETFs collected over $1 billion in inflows in a single day for the first time since they started trading in July 2024. And Ethereum funds have been outpacing Bitcoin ETFs with gains, though conversely, they’ve also bled out faster on down days.

The gains have dovetailed with rise of companies that have gobbled up Ethereum as their primary mission. In recent weeks, Bitcoin miner BitMine Immersion has grown its holdings to more than $7 billion, while SharpLink Gaming, which pivoted from online marketing, has accumulated more than $3.5 billion worth of the coin.

Such companies are following in the footsteps of Bitcoin treasury company Strategy (formerly MicroStrategy), which started buying the largest cryptocurrency by market cap in 2020 to pump its stock. The move has inspired dozens of followers, who have started expanding into other assets like Ethereum, Solana, and BNB.

“There are a lot of tailwinds behind ETH at moment,” said Strahinja Savic, head of data and analytics at crypto-focused financial services and advisory firm, FRNT Financial. “Record ETH ETF inflows and aggressive buying from treasury companies are offering tangible demand.”

“On top of this, Ethereum is at the center of several key themes that are garnering the attention of traditional financial institutions,” he continued. “These include tokenization of traditional assets and stablecoins. These are major economic themes, and Ethereum is emerging as a strong candidate to host this new influx of capital and interest.”

Ethereum also received a boost this month when the SEC clarified its guidance on staking, as Ethereum users have long sought from the securities regulator.

Former President Joe Biden administration’s more restrictive policies had resisted allowing this feature, but under President Donald Trump, the regulator said that liquid staking services can pay out staking rewards to customers without registering with the agency.

Last month’s passage of the GENIUS Act also boosted Ethereum’s prospects. The legislation provides a U.S. regulatory framework for issuing stablecoins. Developers of these projects overwhelmingly use the Ethereum blockchain for their projects. Most stablecoins are pegged to the value of the U.S. dollar.

“Ethereum’s new all-time high is a clear sign of investor demand beyond just Bitcoin,” Samir Kerbage, chief investment officer at crypto asset manager Hashdex, wrote in a message to Decrypt. “As Ethereum and other smart contract platforms provide the infrastructure for many of crypto’s most mature use cases, including stablecoins and tokenization, we anticipate continued strong demand for this emerging asset class.”

The odds that Ethereum climbs past $5,000 this year have jumped in the past day on Myriad Markets. The prediction market now shows a roughly 85% probability that the token will reach that threshold in 2025.

(Disclosure: Myriad is a prediction market and engagement platform developed by Dastan, parent company of an editorially independent Decrypt.)

In a note last week, U.K. bank Standard Chartered raised its Ethereum price target to $25,000 by 2028, a major shift from March forecasts that predicted a structural decline for the world’s second-largest crypto.

“We raise our price forecasts, as the backdrop for ETH has improved dramatically in recent months,” the bank’s Global Head of Digital Assets Research, Geoff Kendrick, wrote.

Editor’s note: This story was updated after publication to include additional comments.

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August 22, 2025 0 comments
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Ethereum (ETH) Surges to New All-Time High Amid Likely September Rate Cut
Crypto Trends

Ethereum (ETH) Surges to New All-Time High Amid Likely September Rate Cut

by admin August 22, 2025



Ethereum ETH$4,274.64 hit a record price of $4,885 on Coinbase on Friday after a speech by Federal Reserve Chair Jerome Powell suggesting interest rate cuts left traders relieved going into the weekend.

The token rose nearly 15% over the past 24 hours as part of a broader rally in financial markets.

Nevertheless, ether’s rally stood out among other tokens. Bitcoin was also up, but only by about 4%. The CoinDesk 20 Index, which tracks the broader crypto market, rose 9% over the same period.

Powell on Friday gave hints that the Fed will indeed cut interest rates in September, as initially anticipated by traders. Hope, however, faded over the last few days, causing a significant reaction in global markets during Friday trading hours.

Ether has not only profited from macroeconomic circumstances this year, but even more so from renewed institutional interest in the network behind the token.

Several companies have started accumulating ether as part of their treasury strategy, including ETHZilla that is backed by billionaire investor Peter Thiel. Some believe that Ethereum will eventually be Wall Street’s favorite blockchain to build on, fueling demand for its native token.

As a result, ether has outperformed bitcoin this year, up about 45% since the start of 2025 while the largest cryptocurrency is up 25%. Some other ether-related tokens, such as Lido (LDO) and Ethena ENA$0.7448, also benefited from ETH’s swift rally.



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August 22, 2025 0 comments
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