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Bungie CEO Pete Parsons steps down, following years of criticism, layoffs, and that infamous classic car collection
Game Reviews

Bungie CEO Pete Parsons steps down, following years of criticism, layoffs, and that infamous classic car collection

by admin August 22, 2025


Bungie CEO Pete Parsons has stepped down from his position after over two decades at the studio.

Parsons has been much-criticised by fans and employees alike in recent years, in particular following multiple rounds of layoffs at the studio. In a public statement, Parsons said he’s “decided to pass the torch” – an ironic use of words when Bungie has seemingly been up in flames.

Parsons will be succeeded as CEO by Justin Truman, who’s spent 15 years at Bungie across both Destiny games and, more recently, forthcoming live-service shooter Marathon.

Destiny 2: The Edge of Fate | Launch TrailerWatch on YouTube

“I am deeply proud of the worlds we’ve built together and the millions of players who call them home – and most of all I am privileged by the opportunity to work alongside the incredible minds at Bungie,” wrote Parsons in his statement.

“When I was asked to lead Bungie in 2015, my goal was to grow us into a studio capable of creating and sustaining iconic, generation-spanning entertainment. We’ve been through so much together: we launched a bold new chapter for Destiny, built an enviable, independent live-ops organisation capable of creating and publishing its own games, and joined the incredible family at Sony Interactive Entertainment.”

Parsons also leaves hundreds of layoffs and negative player sentiment in his wake, not to mention an infamous penchant for classic cars.

Even before Bungie’s acquisition by Sony, reports emerged in 2021 of workplace toxicity and “overt sexism” at the studio, for which Parsons apologised. “I am not here to refute or to challenge the experiences we’re seeing shared today by people who have graced our studio with their time and talent,” he said at the time. “Our actions or, in some cases, inactions, caused these people pain. I apologise personally and on behalf of everyone at Bungie who I know feels a deep sense of empathy and sadness reading through these accounts.”

Then in February 2022, Sony acquired Bungie for $3.6bn, ostensibly to assist with its live-service ambitions. Though the acquisition was met with criticism by some – the FTC, for instance, opened an investigation – others were more positive.

In 2024, for instance, Bungie’s former chief in-house lawyer Don McGowan said Sony was “inflicting some discipline” on the studio to “run the game like a business”. “To be clear: I’m not talking about the layoffs, I’m talking about forcing them to get their heads out of their asses and focus on things like: implementing a method of new player acquisition; not just doing fan service for the fans in the Bungie C-suite; and running the game like a business,” said McGowan.

However, a year after the acquisition, Bungie laid off 100 employees – approximately eight percent of its 1200-strong workforce – after management warned staff revenue for the year was significantly below expectations. Many employees were left anxious about the future of the company, amid claims senior management met employees’ sadness at the layoffs with “indifference or even outright flippancy or hostility”.

Parsons followed the news with a statement on social media, calling it a “sad day at Bungie”. The statement was heavily criticised as tone deaf and a “slap in the face to anyone impacted by the layoffs”.

A year later, Bungie laid off a further 220 staff, representing roughly 17 percent of the studio’s workforce. Between both rounds, Bungie laid off around a quarter of its workforce in nine months, with the company reportedly overstating its financial prospects to Sony.

Current and former Bungie employees called that second round of layoffs “inexcusable”, amid calls for Parsons to resign. “Pete is a joke,” said former global social media lead Griffin Bennet (who was laid off in the previous cuts), while former Destiny 2 community manager Liana Ruppert wrote, “Step down, Pete.”

Parsons also faced criticism from staff for spending millions of dollars on classic cars since the studio was acquired by Sony, and bragging about his lavish collection ahead of job losses. The CEO’s public profile on Bring a Trailer revealed he’d appeared to spend $2,414,550 on vehicles.

Marathon | Reveal Cinematic ShortWatch on YouTube

Fans shared a similar sentiment against Parsons. Noted Destiny content creator MyNameIsByf (AKA Lore Daddy) posted on X: “Leadership needs to be changed. Their decisions have consistently led to disaster for everyone who has actually been making the games we play. They’ve been reckless with the studio, its employees, and its franchises. The problem is clear. Bad leadership. It needs to change.”

Now, Parsons is out, leaving Truman in charge. “I have worked alongside Justin for many years,” he wrote. “His passion for our games, our team, and our players is unmatched.”

Truman himself added to the statement with refreshing honesty, admitting previous mistakes made during Destiny 2’s launch. “I’ve also been part of these efforts at Bungie when we’ve maybe not been at our best,” he wrote. “When we’ve stumbled and realised through listening to our community that we had missed the mark. I know I’ve personally learned a lot over the years, as have all of us here, from those conversations.”

He continued: “I am committed to supporting and working alongside every member of the team here as we continue pouring our hearts and souls into these worlds. Worlds that we love, and that we hope have been worth your time and your passion. Because ultimately those worlds only exist, and thrive, with you in them.”

Bungie continues to work on Destiny 2, while its next release will be Marathon. While Marathon gameplay was finally shown back in April, in June Bungie delayed the game indefinitely in response to “passionate” fan feedback. Ahead of the decision, Bungie staff morale was said to be in “free fall” as it grappled with the fallout over Marathon assets stolen from other artists.

While such endemic toxicity and poor management cannot, of course, be pinpointed to one person, Bungie is clearly at a critical point in its history. Let’s hope this shift in CEO will boost morale at the studio ahead of Marathon’s eventual release – and whatever is next for Bungie.



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August 22, 2025 0 comments
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NFT Gaming

Coinbase, Strategy Lead Crypto Stock Rebound as Bitcoin and Ethereum Soar

by admin August 22, 2025



In brief

  • Shares of crypto companies rose in price alongside digital assets and major stock indices.
  • The price surge comes after Federal Reserve Jerome Powell indicated that the central bank could cut rates next month.
  • Bitcoin and Ethereum were also trading higher on Friday, with ETH and altcoins leading the charge.

Crypto-focused company stocks rose Friday alongside digital coins following a more dovish-than-expected speech from Federal Reserve Chairman Jerome Powell. 

Nasdaq-listed Coinbase (COIN) spiked and was recently trading more than 6% higher on the day at $319. Meanwhile, Bitcoin treasury and software firm Strategy—MSTR—was up by nearly 65 to $354. Both had been trading down in recent days, but COIN is now in the green over the past week while MSTR remains slightly down during the span.

And Circle, which debuted on the New York Stock Exchange in May in a blockbuster IPO, jumped higher. The stablecoin giant was recently priced 6% higher over the past day, currently at $140, but had shown a 9% leap earlier in the morning.

Elsewhere, leading Bitcoin miners, CleanSpark (CLSK) and Riot Platforms (RIOT) rose by 5% and nearly 9% on the day, respectively, to nearly $10 and above $13.

Crypto treasuries like SharpLink and BitMine Immersion—which focus on buying and holding Ethereum, the second biggest digital coin—both jumped by more than 12%, hitting nearly $20 and $54.

Broadly, stocks are up on the day, with The Dow Jones Industrial Average climbing higher by 880 points, or nearly 2%, touching a new high. Meanwhile, the S&P 500 climbed 1.45%, and the Nasdaq rose by 1.6%.



The rise in equities comes as leading cryptocurrencies Bitcoin and Ethereum also jump. Bitcoin was recently priced at $116,318, up 3% in the hour after Jerome Powell spoke, CoinGecko data shows. Ethereum spiked higher by nearly 8% in one hour. The coin was recently trading for $4,740, about $130 away from its all-time high mark from 2021.

Over the past day, Bitcoin and Ethereum were up 3% and nearly 12%, respectively. 

An interest rate cut would likely help cryptocurrency and tech stocks. Both assets have typically done well in the past in a low interest rate environment, as traders are more drawn to risk assets.

U.S. President Donald Trump has been pressuring Powell to cut rates, frequently insulting the Fed chair on Truth Social and even threatening to fire or even sue him. 

The Fed started aggressively raising rates in 2022 in an attempt to control 40-year high inflation brought on by COVID-19. The central bank then started cutting borrowing costs again last year as the economy cooled.

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August 22, 2025 0 comments
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FTX
Crypto Trends

Financial Firm Accused Of Daily Scam Emails In Exchange’s Collapse

by admin August 22, 2025


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

Kroll, a financial and risk advisory firm, is facing a class-action suit after a data breach that exposed personal details of creditors tied to FTX, BlockFi and Genesis.

According to the complaint, the breach in August 2023 let malicious actors obtain sensitive data, and that exposure has led to a wave of phishing attempts against creditors.

Allegations Of Negligence

Based on reports, the lawsuit says Kroll relied only on email for claims outreach, which made the verification process vulnerable.

The suit was filed on Tuesday in a US district court by Hall Attorneys on behalf of FTX customer Jacob Repko and other affected creditors.

The complaint claims that email-only contact created a single point of failure, and that the verification system was compromised, causing delays and, in some cases, loss of funds.

Hall Attorneys say the matter is not just about money but about fixing how creditors are contacted going forward.

Nicholas Hall, who leads the firm handling the suit, has told creditors that eligible participants might get monetary compensation and that court rulings could force operational changes at Kroll.

Repeated Breaches Raise Questions

Reports have disclosed that this is not an isolated incident for Kroll. In March, the firm reportedly suffered another breach that exposed client invoicing, accounts payable and email addresses.

Sunil Kavuri, a prominent FTX creditor, posted on X that he has been getting phishing emails on a daily basis, and he shared screenshots showing scams addressed to him by name.

One screenshot in the report shows messages arriving from Aug. 14 through Sunday, and other users replied saying they had seen the same emails.

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

Third Round Of FTX Reimbursement In September

The suit comes as FTX moves ahead with payouts to creditors. The third round of reimbursement is set to start on Sept. 30 and will total nearly $2 billion.

More than $5 billion went out in the second round in May, and in February the plan covered $1.2 billion for users with claims up to $50,000.

The FTX Collapse

FTX’s collapse in November 2022, spearheaded by its ex-CEO Sam Bankman-Fried, rocked the entire crypto market and erased billions of investor value.

Its failure set off a chain reaction that saw prices of digital assets plummet and raise profound doubts about risk management and transparency in the industry.

For most investors, the case was a watershed, underscoring the weaknesses of centralized platforms and stoking demands for a more extensive regulation and protection in crypto.

Featured image from Quartz, 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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The translucent Beats Studio Buds Plus are half off
Gaming Gear

The translucent Beats Studio Buds Plus are half off

by admin August 22, 2025


Noise-canceling earbuds are great productivity tools, blocking out noisy roommates and busy coffee shops so you can focus on studying or work. While there are a number of great options these days, few are as eye-catching like the translucent Beats Studio Buds Plus. And right now, you can buy the stylish wireless earbuds for just $84.99 from Woot — a 50 percent discount and the best price we’ve seen outside of a brief drop to $63 earlier in June.

The wireless earbuds are some of our favorites, and not just because they look cool. Despite the fact Apple owns Beats, they play well with both iOS and Android devices. They don’t support every software feature — like Apple’s automatic device switching — but they still offer perks like one-tap pairing and integration with each platform’s respective Find My networks. Their sound quality also comes close to matching the latest AirPods Pro, and their active noise-cancellation does a good job of tuning out distractions — even if it’s not as powerful as Apple’s premium earbuds.

The Beats Studio Buds Plus are also comfortable, arriving with four swappable silicone ear tips. You also get IPX4 water resistance, as well as up to six hours of battery life on a single charge with ANC enabled. While we wish they also offered wireless charging and multipoint Bluetooth connectivity, all in all they’re a well-rounded option that can help you focus while looking good — especially if you own both iOS and Android devices.



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August 22, 2025 0 comments
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Sources - Commanders trading Brian Robinson to 49ers for pick
Esports

Sources – Commanders trading Brian Robinson to 49ers for pick

by admin August 22, 2025


  • John KeimAug 22, 2025, 12:45 PM ET

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      John Keim covers the Washington Commanders for ESPN. He joined ESPN in 2013 after a stint with the Washington Post. He started covering the team in 1994 for the Journal Newspapers and later for the Washington Examiner. He has authored/co-authored four books. You can also listen to him on ‘The John Keim Report’, which airs on ESPN Richmond radio.

ASHBURN, Va. — The Washington Commanders are trading running back Brian Robinson to the San Francisco 49ers for a 2026 sixth-round pick, sources told ESPN’s Adam Schefter.

Robinson did not play in Washington’s preseason game Monday vs. Cincinnati, signaling the end of his relationship with the franchise. The Commanders had planned to release him if they could not find a trade partner.

Washington had been shopping Robinson since earlier this month, in part because of the depth coaches say the team has at running back.

The Commanders will save $3.3 million in salary cap space thanks to this move.

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In adding Robinson, the 49ers add much-needed depth at a position that has been hit hard by injury.

San Francisco has been without rookie Jordan James for most of camp, placed Patrick Taylor Jr. on injured reserve with a shoulder injury and just got backup Isaac Guerendo back from a shoulder injury of his own.

Starter Christian McCaffrey has made it through camp without issue but Robinson should provide a power element the Niners backfield otherwise lacks.

Commanders coach Dan Quinn and offensive coordinator Kliff Kingsbury boasted of their improved depth at running back this summer, signaling the potential for parting ways with Robinson.

Their intentions became clear when Robinson did not play in — nor did he attend — Monday’s preseason game vs. Cincinnati.

Washington could end up using a running back by committee approach. The Commanders top two backs Monday were Chris Rodriguez and rookie Jacory Croskey-Merritt. Both managed long runs vs. the Bengals vs. the starting defense — Rodriguez gained 40 yards on one run; Croskey-Merritt scored from 27 yards out to cap the second series. They combined for 17 carries and 108 yards.

The Commanders also have veteran third-down back Austin Ekeler and Jeremy McNichols. “Going into training camp, we really thought this was a deep room,” Quinn said Monday night. “There would be real competition. We knew this was one of our strengths going into training camp.”

Robinson’s journey in the NFL started with a difficult situation. The third-round pick in the 2022 draft was shot on Aug. 28, 2022, in an attempted robbery in Washington, D.C. Despite undergoing surgery on his knee because of the shooting, he returned to play 12 games and rushed for 797 yards and two touchdowns.

Robinson has rushed for 2,329 yards in 41 games with Washington since being drafted by the organization. He rushed for a career-high 799 yards and eight touchdowns last season.

He has averaged 4.1 yards per carry in his career, which ranks 40th among running backs since he entered the league. He ranked 29th in yards after first contact and his percentage of 10-yard runs (9.8) ranked 86th. But he was 17th in rushing yards per game (56.8).

Information from ESPN’s Nick Wagoner was used in this report.



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August 22, 2025 0 comments
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Bitcoin
GameFi Guides

Are Bitcoin Treasury Companies Good Or Bad? Analysts Expand On Skepticism

by admin August 22, 2025


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

The rise of Bitcoin treasury companies has sparked an intense debate over whether they add stability or new layers of risk to businesses. Analysts from the global credit rating agency, Morningstar have expanded on the skepticism, pointing out that using cryptocurrencies such as Bitcoin as a primary reserve currency may weaken, rather than strengthen the stability of corporate treasuries.

The Dark Side Of Bitcoin Treasury Companies

The adoption of cryptocurrencies for treasury functions has become one of the most trending topics in the financial industry. In a commentary published on August 21, Morningstar analysts noted that while Bitcoin and Ethereum are increasingly used for payments and investments, the shifts toward employing them for treasury functions introduce risks that could outweigh potential benefits. 

According to the commentary, Bitcoin treasury companies are likely exposing themselves to elevated levels of financial instability. One of the biggest drivers of this risk is the absence of clear regulatory oversight. Morningstar analysts highlighted the lack of a global regulatory framework for cryptocurrencies, with countries like the United States and Canada adopting differing approaches, while others, such as Egypt and China, impose outright bans.

This fragmented environment reportedly creates unpredictability for corporations that must manage compliance and financial stability. For treasuries, where certainty and legal clarity are vital, the analysts caution that such uncertainty may heighten credit risk and weaken confidence in long-term planning. 

Morningstar further stressed that cryptocurrency markets lack the depth of traditional asset markets, making liquidity unreliable. The analysts warn that this can cause companies to incur losses or face delays when attempting to access capital. They also note that such disruptions undermine the efficiency expected of corporate treasury management.  

Morningstar’s report also highlighted security risks for Bitcoin treasury concerns companies, noting that reliance on third-party custodians and exchanges such as Coinbase or Binance exposes them to operational failure, cyberattacks, and regulatory disputes. It added that the dual role of these exchanges as both trading platforms and custodians increases counterparty risks, weakening the stability of treasury reserves. 

Further Warnings Issued Over BTC Treasury Firms

In the commentary, Morningstar analysts further stated that volatility remains the most striking weakness of Bitcoin treasury companies. Their research underscored that Bitcoin is nearly five times more volatile than the S&P 500 in the short term, exposing companies to sudden valuation swings that can severely destabilize operations. 

Morningstar also noted that the materiality of crypto holdings is another central concern of Bitcoin treasury companies. The analysts caution that when digital assets make up a significant portion of a company’s reserves, the treasury begins to function more like a speculative portfolio than a financial safeguard. 

The report pointed out that firms like Strategy Inc., which holds over 629,000 BTC, are particularly exposed to this imbalance. With the top 20 public companies controlling 94% of total public Bitcoin treasury holdings, the sector also faces significant concentration risks. Furthermore, Morningstar warns that Bitcoin treasury companies may also be vulnerable to technical failures, exchange insolvency, liquidity crises, and weakened creditworthiness, even with insurance and security measures in place.

BTC trading at $112,928 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, 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 22, 2025 0 comments
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Elon Musk's New Software Company Is the Opposite of Microsoft
Product Reviews

Elon Musk’s New Software Company Is the Opposite of Microsoft

by admin August 22, 2025


Elon Musk, the world’s wealthiest gooner, has a new software company. And in typical Musk fashion, he’s given it a name that only a teenager stuck in a 54-year-old’s body would truly appreciate.

The name is Macrohard, a play off the name Microsoft, and Musk knows it’s an immature joke about penises. But that kind of humor has never stopped him from raising billions of dollars before.

“Join @xAI and help build a purely AI software company called Macrohard,” the billionaire tweeted Friday. “It’s a tongue-in-cheek name, but the project is very real! In principle, given that software companies like Microsoft do not themselves manufacture any physical hardware, it should be possible to simulate them entirely with AI.”

It’s unclear what Musk means by insisting that Microsoft doesn’t “themselves manufacture any physical hardware.” Microsoft has products like Surface and Xbox, which are designed by the tech company. Microsoft oversees the manufacturing through various partners.

It’s also a bit odd to insist that any software company could be entirely simulated “with AI.” One person replying to Musk’s tweet asked the obvious question: “Does this mean all software-only companies – including xAI – are at risk of being fully disrupted?”

The theory seems to be that with the rise of AI, you can code anything you like, no matter how complicated, and just produce software essentially for free. And even if that were possible (it’s not, given the fact that AI still needs a human babysitter to debug), it seems like it would run into some major intellectual property issues.

xAI filed a trademark application for Macrohard on Aug. 1, according to online records held by the U.S. Patent and Trademark Office. Musk first teased the name of his company in a tweet on July 13.

“We are creating a multi-agent AI software company @xAI, where @Grok spawns hundreds of specialized coding and image/video generation/understanding agents all working together and then emulates humans interacting with the software in virtual machines until the result is excellent,” Musk tweeted.

“This is a macro challenge and a hard problem with stiff competition! Can you guess the name of this company?” Musk continued, ending with a laughing emoji.

That tweet caused people online to guess correctly that it would be called Macrohard, perhaps because it’s been such a long-running joke in the software community. People speculated that it would be something related to gaming or vibe coding, which seems like a pretty solid bet, though we’re still waiting on details.

The trademark application mentions video games, but also seems to be trying to stake a claim in pretty broad fields, including “legal analysis, strategic planning, and professional advisory applications.”

xAI didn’t immediately respond to questions emailed on Friday. Gizmodo will update this article if we hear back.



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August 22, 2025 0 comments
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Snake hides behind a tree without wearing a shirt.
Game Reviews

Solid Snake’s Actor Wishes For A Do-Over In Snake Eater Remake

by admin August 22, 2025


David Hayter, the long-time voice of Snake in the Metal Gear Solid series, is just like any other creative. He, like most of us who spend years improving our craft, looks back at older work and wishes he could iron out some of the wrinkles. Maybe you wish you’d sung a different note, chosen other words to express an idea, or posed the subject of a painting a little differently. In Hayter’s case, Metal Gear Solid Delta: Snake Eater has him wishing the remake had allowed him to re-record his 20-year-old lines.

In an interview with Inverse, Hayter, alongside The Boss actor Lori Alan and the vocalist behind the game’s music, Cynthia Harrell, reflects on the experience of working on the original Snake Eater game that launched on the PlayStation 2 in 2004. Each of them was surprised to learn that a Snake Eater remake was in the works, but they were more surprised that they were asked to contribute to it. Alan told Inverse she would have expected to be recast, but that’s not the route Konami took. Instead, Delta primarily reuses the 20-year-old recordings from the original. However, Hayter and Alan did hop back in the booth to update some lines for the game’s tutorials. Hayter says that while he’s always down to play Snake again, he wishes Konami would let him re-record his whole performance after gaining 20 more years of acting experience.

“I do feel that I’m a little better of an actor now than I was then,” Hayter told Inverse. “It was fine back in the day, but I would have loved to bring some of the knowledge that I’ve picked up over the past 20 years to it. But you don’t want the [new tutorial] lines to be better acted all of a sudden, because that’ll take you out of the game.”

While Hayter’s involvement in the remake was small, he’s hopeful this means the series is making a comeback after it went on ice following director Hideo Kojima’s departure from Konami in 2015, the laughably misguided survival game Metal Gear Survive in 2018 notwithstanding.

“Anytime they ask me to be Snake, I’m in,” Hayter told Inverse. “It’s the definitive role in my life. It’s so complex and so profound, and there are so many different aspects to both him and Big Boss. So anytime it comes up, I’m down.”

For more on the Snake Eater remake, check out Kotaku’s review.



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August 22, 2025 0 comments
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Bitcoin (BTC) and Ether's (ETH) Violent Price Spike Prompts $375M in Futures Liquidations
NFT Gaming

Bitcoin (BTC) and Ether’s (ETH) Violent Price Spike Prompts $375M in Futures Liquidations

by admin August 22, 2025



Bitcoin BTC$115,244.11 bounced off the $111,800 support level on Friday, sharply rising by 2.6% to $114,800 after Federal Reserve chairman Jerome Powell hinted at potential rate cuts during a speech at Jackson Hole.

The swift move, preceded by a sell-off leading up to the speech, resulted in the liquidation of more than $375 million worth of crypto derivatives positions, according to CoinGlass. The majority of those losses are attributed to traders holding short positions.

Ether (ETH) positions were the hardest hit, with $150 million liquidated over the past four hours as the price rose from $4,200 to $4,650, marking a 10% gain.

Bitcoin’s level of support was critical as it was a record high set in May. The bounce indicates a bullish reversal following a one-week downtrend from $124,500.

ETH/USD (TradingView)

Despite fears that Powell’s speech would have a hawkish tone, he said “the downside risks to employment are rising,” and “If those risks materialize, they can do so quickly in the form of sharply higher layoffs and rising unemployment.”

The comments suggest rate cuts could be on the table next month, which would directly benefit risk assets like bitcoin and ether.

The market remains volatile following the speech, with BTC pulling back slightly from $115,700 to $114,800. While liquidations have taken derivatives positions out of the market, open interest has risen to its highest point in four days, suggesting that the bounce is also being backed by leverage, according to Coinalyze.

The altcoin market is lagging behind ether with the exception of lido (LDO) and ethena ENA$0.7359, which are both continuing their upside ascent after the SEC clarified rules around staking earlier this month.



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August 22, 2025 0 comments
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CRYPTO PUMPS AFTER JEROME POWELL SPEECH, ETH CLOSE TO ATH, ALTS & MEMES PUMP
Crypto Trends

CRYPTO PUMPS AFTER JEROME POWELL SPEECH, ETH CLOSE TO ATH, ALTS & MEMES PUMP

by admin August 22, 2025



CRYPTO PUMPS AFTER JEROME POWELL SPEECH, ETH CLOSE TO ATH, ALTS & MEMES PUMP

BTC slips on hawkish fed, Jackson Hole today. BTC ETFs hit 5-day losing streak. ETH poised for meteoric growth: JP Morgan. Hayes predicts $20k ETH this cycle. 27% of DATs now trade with mNAV below 1. CFTC launches ‘Crypto Sprint Initiative’. Eric Trump to visit Japan for crypto push. Wont target non-criminal intent crypto devs: DoJ. MetaMask launches mUSD stablecoin. EU accelerates plans for Euro stablecoins. China family offices allocating 5% to crypto: UBS. Japan’s SBI expands into tokenised stock trading. Ripple, SBI to launch RLUSD in Japan. India mulls crypto tax changes. Australia orders Binance audit.



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August 22, 2025 0 comments
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