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Why VivoPower Wants Ripple Shares at a Discount to Its XRP Holdings

by admin August 21, 2025



In brief

  • Ripple’s shares trade at a discount to its XRP holdings
  • VivoPower is trying to buy them for discounted XRP exposure.
  • The shares aren’t owned by Ripple itself, a person familiar with the matter said.

Ripple owns billions of dollars worth of XRP, but company shares trading on private secondary markets don’t fully reflect that, according to VivoPower advisory board member Adam Traidman.

As a private company, Ripple’s shares have less liquidity than they would on a stock exchange, so the company’s share price is primarily determined across individualized deals—often at a discount to the value of Ripple’s unmatched XRP holdings—he told Decrypt on Tuesday.

“It has historically been really challenging for Ripple to keep great employees because there is no liquidity,” said Traidman, who previously served on Ripple’s board of directors and as CEO of SBI Ripple Asia, a joint venture with the Japanese financial conglomerate SBI Holdings.

Ripple shares do have liquidity on private markets like Forge. But they are limited to accredited investors. Ripple shares changed hands around $114 on Tuesday, but it can take up to 60 days for trades to be completed, depending on the negotiating process.

Decrypt reached out to Ripple for comment.



Tender offers from Ripple have also provided its current and former employees with some degree of liquidity in the past, but with digital asset treasury firms being established for nearly every popular cryptocurrency—from Dogecoin to Tron—VivoPower has recently emerged as another potential buyer, seeking Ripple equity as a way to augment its XRP-buying strategy.

On Thursday, VivoPower shares fell to around $5.26, according to Yahoo Finance. The Nasdaq-listed firm’s share price has rallied nearly 300% year-to-date; however, the company’s stock has struggled to surpass a recent high of $8.88 in late May.

The company said earlier this month that it is acquiring $100 million worth of privately held Ripple shares at a $19 billion valuation. Without considering the value of Ripple’s business or RLUSD stablecoin, VivoPower said the deal would effectively give it exposure to XRP at an 86% discount compared to the cryptocurrency’s current market price.

Ripple didn’t pay a dime for its XRP stockpile, but based on the company’s valuation, VivoPower said that it would effectively be buying XRP at $0.47 per token at the time.

Ripple-linked wallets controlled roughly 42 billion XRP on Thursday, according to XRP Scan. On paper, those tokens were worth $121 billion, according to crypto data provider CoinGecko.

XRP Ledger co-founders gifted Ripple 80 billion XRP in the network and company’s early days. Most of the remaining funds–totaling 38 billion XRP worth $112 billion, as of October–are held in escrow to “provide predictability to the XRP supply,” according to XRP Ledger’s website.

VivoPower co-founder and Executive Chairman Kevin Chin learned about the opportunity to purchase Ripple shares at a confab in Singapore in June, he told Decrypt. What followed was a nearly two-month period of due diligence, he added.

“Ripple themselves are the largest holders [of XRP], largely in escrow, and demonstrated over more than 10 years that they’re very disciplined in how that gets released into the market,” he said. “So we got very comfortable.”

A person familiar with the matter told Decrypt that the shares that VivoPower is trying to purchase are not owned by Ripple itself.

VivoPower waited until the U.S. Securities and Exchange Commission’s years-long legal battle with Ripple was over before making the deal public. The withdrawal of the SEC’s appeal, and Ripple’s cross-appeal, finalized a $125 million penalty against Ripple earlier this month.

VivoPower estimated this month that its investment in Ripple would reflect exposure to 211 million XRP. VivoPower unveiled its XRP treasury strategy in late May, pivoting away from sustainable energy, but it does not share its XRP holdings on its website.

Traidman said that VivoPower is working on a transparency page to show its XRP holdings that’s “cryptographically provable independently from the XRP ledger,” but acknowledged that may not be possible with Ripple’s shares, if the company is able to buy them.

“That’s not on the blockchain, so we can’t prove it. But at least on the website, we will transparently state how much we have,” he said.

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August 21, 2025 0 comments
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Bitcoin Bull Market Hinges On $13.8 Billion Options Expiry
Crypto Trends

Bitcoin Bull Market Hinges On $13.8 Billion Options Expiry

by admin August 21, 2025



Key takeaways:

  • Bitcoin bears hold strong incentives below $114,000, likely intensifying pressure ahead of the options expiry.

  • AI-sector spending concerns add turbulence and weigh on investors’ broader risk appetite.

A total of $13.8 billion in Bitcoin (BTC) options are set to expire on Aug. 29, a moment many traders believe could determine whether the recent 9.7% correction marks the end of Bitcoin’s bull run or just a temporary pause. The drop to $112,100 on Thursday pushed Bitcoin to its lowest point in six weeks, intensifying bearish momentum ahead of the monthly options expiry.

Bullish Bitcoin strategies ill prepared for prices below $114,000

The $7.44 billion in open interest for call (buy) options stands 17% higher than the $6.37 billion in put (sell) contracts. Still, the actual outcome hinges on Bitcoin’s price at 8:00 am UTC on Aug. 29. Deribit dominates the market with an 85% share, followed by CME at 7% and OKX with 3%.

Bulls may have been overly confident, with some wagers set at $125,000 or higher. That optimism quickly eroded after Bitcoin’s decline, shifting momentum toward put instruments. Regardless of the rationale behind the recent BTC price correction, traders who opted for bullish strategies will likely come out disappointed.

Deribit options open interest for Aug. 29, BTC. Source: Deribit

Only 12% of call options were placed at $115,000 or below, leaving most out-of-the-money at current levels. By contrast, 21% of puts are positioned at $115,000 or higher, with significant clusters at $112,000. Thus, it is only natural to expect bears to continue negatively pressuring Bitcoin’s price ahead of the monthly expiry.

It might be too early to declare bullish options strategies entirely lost. Traders are awaiting comments from US Federal Reserve Chair Jerome Powell on Friday, as any suggestion of increased odds of rate cuts could support asset prices. Hotter-than-expected US jobless claims data on Thursday added to that anticipation, keeping macroeconomic uncertainty high.

Related: Why is Bitcoin crashing and will $112K be the final bottom?

US Federal Reserve and tech stocks could dictate Bitcoin’s outcome

Below are five probable scenarios at Deribit based on current price trends. These outcomes estimate theoretical profits based on open interest imbalances but exclude complex strategies, such as selling put options to gain upside price exposure.

  • Between $105,000 and $110,000: $210 million in calls (buy) vs. $2.66 billion in puts (sell). The net result favors the put instruments by $2.45 billion.

  • Between $110,100 and $114,000: $420 million calls vs. $1.94 billion puts, favoring puts by $1.5 billion.

  • Between $114,100 and $116,000: $795 million calls vs. $1.15 billion puts, favoring puts by $360 million.

  • Between $116,100 and $118,000: $1.3 billion calls vs. $830 million puts, favoring calls by $460 million.

  • Between $118,100 and $120,000: $1.7 billion calls vs. $560 million puts, favoring calls by $1.1 billion.

For bullish strategies to gain traction, Bitcoin would need to trade above $116,000 by Aug. 29. Yet, the most critical battle lies at $114,000, where bears are most motivated to push prices lower. 

Ultimately, Bitcoin’s fate in the $13.8 billion monthly options expiry will be decided by broader macroeconomic trends, including investors’ discomfort with the artificial intelligence sector. Concerns deepened after Morgan Stanley warned that soaring spending could limit major tech firms’ ability to fund share buybacks, amplifying caution in equity markets.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.



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August 21, 2025 0 comments
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Airlines Sued for Selling 'Window' Seats Without a Window View
Gaming Gear

Airlines Sued for Selling ‘Window’ Seats Without a Window View

by admin August 21, 2025


Have you ever paid for a window seat on an airplane that didn’t actually have a window? You could be part of a class action lawsuit in the near future.

Delta and United Airlines have been sued this week in federal court for misrepresenting their seat offerings online. The plaintiffs note that when people buy tickets through competitors like Alaska Airlines and American Airlines, the website will flag when a window seat doesn’t actually have a window. Delta and United don’t tell consumers when that’s the case, according to the new lawsuits.

The filing against Delta, which is available online from Courthouse News, claims that the number of people affected could be over a million:

For many years, Delta has knowingly and routinely sold windowless “window” seats to travelers. For instance, various models of Delta’s Boeing 737, Boeing 757, and Airbus A321 aircraft are built with one or more seats that would traditionally have a window, but do not include one due to the placement of air conditioning ducts, electrical conduits, or other interior components. Delta operates hundreds of these planes, which each make multiple flights every day. As a result, Delta has likely sold over a million windowless “window” seats throughout the class period.

The lawsuit notes that people have many different reasons for trying to get a window seat, including a fear of flying or being claustrophobic. And if someone pays extra to get a window seat but doesn’t enjoy that benefit, they’re not getting what they paid for.

The court filings also include photos and social media posts from places like r/Delta where people have complained about paying extra and not getting a window.

Image: Courthouse News

Reuters points out that there are third-party websites like SeatGuru that allow consumers to look up a given plane to determine if a seat has a real window view. But Carter Greenbaum, a lawyer for the firm that filed the lawsuits, told the news outlet that, “A company can’t misrepresent the nature of the products it sells and then rely on third-party reviews to say a customer should have known that it was lying.”

The lawsuit notes that fees can add up quickly for people who are trying to get a window seat:

The added consideration required to select a window seat is significant. A typical basic economy traveler, for example, might need to spend upwards of $40 to advance to a higher ticket tier, and then must spend over $30 to select a particular window seat. For passengers who do not pay for these upgrades in cash, they pay for their seat selection with other valuable consideration, such as credits earned from Delta, membership fees for rewards programs, and/or in the opportunity cost of benefits they would have obtained from selecting a different credit card reward program. These additional fees to select particular seats are charged in addition to the base fare, taxes, and other fees.

The lawsuit against Delta has been filed in New York, while the suit against United was filed in California and they are listed as:

  • Meyer v Delta Air Lines Inc, U.S. District Court, Eastern District of New York, No. 25-04608
  • Brenman et al v United Airlines Inc, U.S. District Court, Northern District of San Francisco, No. 25-06995

United declined to comment on the case because it’s an “ongoing legal matter.” Delta didn’t immediately respond to questions sent on Thursday. Gizmodo will update this article when we hear back.



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August 21, 2025 0 comments
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Four-time champ Palou is IndyCar's 'talent of the century'
Esports

Four-time champ Palou is IndyCar’s ‘talent of the century’

by admin August 21, 2025



Álex Palou clinched his fourth IndyCar championship last weekend on the series’ visit to Portland. Penske Entertainment: Chris Owens

There’s an agreement that takes place when lions are preparing to fight. The feral connection between predators comes into play. It’s the sizing up of an opponent’s arsenal; length of the fangs, sharpness of the claws, the hulking muscles to drive those weapons into flesh. A killer recognizes its kind.

And then there’s IndyCar’s new four-time champion Álex Palou. He confuses the daylights out of his rivals. They fit classic race car driver stereotypes: ice-cold hunters or ego-charged aggressors alike. They’ll rip through the field, and each other, to reach victory lane.

And then there’s Palou, all smiles and innocence and childlike curiosities. When the green flag waves, the passive character outside the car doesn’t reconcile with the tormenter-in-chief, the guy who seemingly delights in dismantling their sporting dreams.

It’s here where the 28-year-old Spaniard has become a maddening, unsolvable puzzle within IndyCar’s driver ranks. They don’t recognize themselves within him. There’s no feral connection. No snarls, no scowls. It’s unsettling. He presents like harmless prey, all while feasting on their ambitions. This isn’t a roaring lion defeating cubs and runts. It’s a lamb laying waste to IndyCar’s baddest beasts.

The Palou Code. It didn’t exist when he arrived in 2020 as an IndyCar rookie with underdogs Dale Coyne Racing, or as a sophomore with the move to reigning champions Chip Ganassi Racing in 2021. He was a question mark, an unproven oddity who finished 16th in the drivers’ standings on debut with Coyne. He was far from Ganassi’s first choice to pair with his defending champion, living legend and six-time title winner Scott Dixon.

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If IndyCar held a draft, Palou was its Tom Brady, a deep sixth-rounder with minimal fanfare and limited prospects to stand out behind the established superstar. Armed with his quarterback, Ganassi saw Palou as an inexpensive experiment to place alongside Dixon.

“We got to that first test session at Barber [Motorsports Park] and my god, he was just flying,” Jimmie Johnson, seven-time NASCAR Cup Series champion and Palou’s Ganassi IndyCar teammate in 2021-22, tells ESPN. “Then we come back to that first race (at Barber), and damn if he doesn’t win it. You know, it’s just incredible to watch how fast he was at the season opener. Just rocked.”

Two more wins would follow and eight total visits to the podium from 16 races — a 50% clip of top-three finishes — made Palou a first-time IndyCar champion for Ganassi as the team went back-to-back with Dixon and its newcomer. This was never in the script.

Palou’s path to the IndyCar crown made use of an old and proven formula: Pursue victory whenever possible, minimize risks at all times, avoid mistakes, and be sure to score plenty of points when the top step of the podium is beyond reach. Kill the competition with safe, front-running consistency. He was privately derided by some of the faster and flashier drivers who painted the shocking championship achievement as a fluke.

It wasn’t the most exciting approach; this was winning IndyCar’s season-long Super Bowl in the trenches, capturing first down after first down on short-yardage gains instead of throwing 80-yard bombs and raining down terror on the opposition. Palou’s outright speed didn’t scare IndyCar’s fiercest animals, but the championship-securing process, a calculated affair, worked in his favor.

He lost touch with the formula in 2022, when Ganassi refused to renegotiate Palou’s team-friendly contract. In a series where the best drivers earn millions a year, the new champ was unimpressed with the low-six-figure salary he’d accepted the year before. Ganassi shared in the disenchantment; a contract with a signature is a contract to honor, but the boss’s old-school sensibilities didn’t resonate with Palou, who announced he was leaving at the end of the season to drive for Arrow McLaren, the IndyCar team now owned by Formula 1 monolith McLaren Racing.

Ganassi sued Palou. Palou, with McLaren’s backing, sued Ganassi. Legal distractions knocked the reigning champion off his game as Team Penske’s Will Power secured the IndyCar crown. Palou and Ganassi eventually reconciled and reworked the contract — he’d get a raise, drive for the team in 2023, and was free to leave for McLaren in 2024 with the hope of reaching F1.

McLaren also signed Formula 2 champion Oscar Piastri during this period, and it became apparent Palou was no longer Plan A to partner with Lando Norris. F1 was off the table, and stepping down to an Arrow McLaren team he just torched was of no interest; he was staying with Ganassi after inking a new long-term deal.

An alleged signed contract between Palou and McLaren at some point in 2023, along with the receipt of an advance on his future salary, produced the inverse of the first legal dramas; McLaren sued Palou and Ganassi backed his defense. The matter is ongoing.

Having learned how to handle the stresses from the 2022 lawsuit, Palou was unflinching in his demonstrative run to the 2023 IndyCar championship. Together, as the court battles intensified, Ganassi, Palou, and the No. 10 Honda car dominated the series with five victories and 10 podiums from 17 races, clinching the title with one race left to run.

And still, as some quietly decreed, he’d become a two-time title winner by working the cautious points-first formula better than the rest. In football parlance, he was panned as an great game manager, one with two of IndyCar’s Super Bowls to his credit, but far from a generational talent.

The dismissive argument was only emboldened in 2024 as Palou fell well short of the five wins that propelled his second championship victory. A modest tally of two victories and six podiums were enough to make Palou a three-timer; the well-proven safety-first formula continued to wear out the rest of the field.

He wasn’t a hunter-killer. He wasn’t an ice-in-my-veins assassin. Álex Palou, the King of Best Average Finishes, a boring math problem to solve.

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That’s where something fresh was unveiled in 2025. A new wrinkle. Three championships in hand, and it was time to apply a new formula. Palou unleashed. Boredom be damned. The Palou Code.

It started with a win to open the year at St. Petersburg, continued at Thermal, dipped slightly with a second at Long Beach, returned to form with a win at Barber, then at the Indianapolis GP, and closed with the mother of all victories at the Indy 500. Five wins from the six opening races. Risks were taken. Relentless attacks were mounted. Banging wheels and leaving tire marks was embraced. Fangs and claws were bared.

The sixth win of the season arrived late in June at Road America. The seventh was snared mid-July on the whirling Iowa Speedway oval. The eighth win — from 14 races — was delivered at the end of the month in Monterey, and to open August, Palou charged to third in Portland to seal his fourth championship, all with Ganassi over a five-year span. Six seasons in IndyCar, four crowns, and more wins in a single year than many of his closest rivals have earned throughout their entire careers. Five pole positions as well, more than anybody in the series this season.

Fastest in qualifying. Fastest in the races. Eleven podiums from the 15 contests held so far. The definition of “Not like us.” And there’s two races left on the calendar, making it possible for a ninth and tenth victory to fall.

The Palou Code: Destroy, demoralize, and do it with a smile. IndyCar’s peaceful warrior, an ongoing mystery to his adrenaline-fueled challengers. In fact, they’re “Not like him.”

“Álex is odd because he’s so quick, but the man’s without malice,” says Dixon’s 2020 championship-winning race engineer Michael Cannon. “There’s no malice in that guy. That’s the weird thing. That’s what makes him a unicorn. He’s like, ‘Wow, I’m so lucky to win that race’ … after he s—s all over everybody.

“To have as many championships in as many years speaks volumes. End of story. The people that race in the series better get used to it, because he’s just gotten started. How do you stop perfection? We talk about generational talent. How about talent of the century? And we’re only a quarter of the way in.”



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August 21, 2025 0 comments
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5 cryptos that could soar as US inflation cools and rate cut looms
GameFi Guides

5 cryptos that could soar as US inflation cools and rate cut looms

by admin August 21, 2025



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

Cooling U.S. inflation lifts Fed rate cut hopes to 90%, setting the stage for a potential crypto market resurgence.

Summary

  • With Fed cuts looming, LILPEPE and top altcoins set the stage for the next crypto cycle.
  • LILPEPE has already raised $20m in presale, is audited by Certik, and built for meme-driven growth.
  • Cooling inflation and Fed cut bets put LILPEPE, ADA, AVAX, OKB, and Ethena in focus.

A powerful convergence of macroeconomic relief and crypto sector resilience is unfolding. U.S. inflation has cooled meaningfully, with the July CPI printing 2.7% — below expectations of 2.8%, and steady from June. 

Core inflation, while higher at 3.1%, hasn’t raised warning flags. That has sent markets into a flurry of optimism: the probability of a Federal Reserve rate cut in September is now priced at over 90% across several indicators. In such a climate, risk assets — especially cryptocurrencies — are poised for a dramatic resurgence.

Let’s examine five crypto assets uniquely positioned to thrive if the Fed delivers on a September rate cut — unlocking new gains for long-term players.

Little Pepe: A memecoin built for the new era

Emerging from the bustling memecoin scene is Little Pepe (LILPEPE), now in presale Stage 11 at $0.0020. The buzz is real: over $20 million raised and more than 13.1 billion tokens sold across all stages, alongside a fresh Certik audit completed just today. 

LILPEPE isn’t just another frog — it’s a Layer-2 powerhouse with snipping-bot protections, zero taxes, and blazing transaction speeds on Ethereum. In a dovish-rate environment, investors are drawn to speculative, high-reward plays. 

LILPEPE’s impressive presale traction and savvy structure position it for explosive recognition. No legacy whales, just meme-energy and well-engineered fundamentals ready to ignite.

Cardano: Understated power with catalysts on the horizon

Cardano has quietly held court as a robust alternative to Ethereum. While its ADA price has inched upward, investor sentiment often overlooks the project’s institutional-grade foundations and ongoing ecosystem expansion. With U.S. inflation at a more palatable 2.7%, projects linked to long-term innovation suddenly look more attractive.

Cardano’s strength lies in methodical governance and peer-reviewed protocol enhancements. As traditional markets look beyond speculative bull runs, ADA offers compelling upside. Those who recognize this methodical buildup stand poised to reap rewards as capital rotates into substantive blockchain infrastructure poised for wider adoption.

Avalanche: Scalability meets market readiness

Avalanche commands attention as a Layer-1 chaining bridging speed and modularity. On-chain TVL data indicates a stable baseline around $1 billion — a foundation ready for lift-off. With macro headwinds dialing down, AVAX could be the prime beneficiary of both speculative inflows and renewed developer activity.

Its harmony with Ethereum (frequent correlation during BTC-driven rallies) and its multi-chain ecosystem set it apart. Institutional flows are already edging in, signaling interest beyond retail buzz alone. In a calming inflation environment, Avalanche’s efficiency and growth potential frame it as a liquidity magnet.

OKB: Exchange tokens riding the market comeback

OKB, the native token of OKX’s exchange ecosystem, offers an underrated play in this landscape. Exchange tokens tend to outperform as trade velocity accelerates — something we expect if liquidity returns to markets after the rate cut. While OKB hasn’t dominated headlines, exchange tokens often move swiftly when sentiment shifts.

Lower interest rates fuel retail and institutional inflows alike, activating DEX and CEX activity. OKB stands to benefit directly, with improved adoption of token-discount programs, utility features, and trading volume expansion. In that scenario, OKB’s undervalued status could resolve quickly, rewarding early believers.

Ethena: The yield-generating dynamo

Ethena Labs, behind the synthetic dollar token USDe, is an institutional standout. It generated $290 million in protocol revenue by early July — trailing only Tether, Circle, and Sky among stablecoin issuers, and achieving the milestone faster than most. 

Its delta-neutral strategy converts funding-rate spreads into earnings for sUSDe stakers.

As rate cuts loom, demand for yield-rich digital instruments surges. Ethena sits at the intersection of DeFi innovation and fundamental stability. Its revenue engine and growing institutional interest make it a convertible asset in this environment — primed to capture yield-seeking capital that floods back into crypto.

Why this moment is distinct

We are at a macro inflection point. U.S. inflation is holding above the Fed’s 2% target, yet key data suggests a softening trend. June job data was revised downward, and the CPI reading, combined with weak labor figures, has strengthened the case for easing. Futures markets now reflect high conviction in a September rate cut, possibly followed by additional cuts before year-end. 

Historically, rate reductions boost risk assets. Crypto, with its volatility and growth potential, is often the fastest beneficiary. Investors are shifting asset allocations, skewing portfolios toward tech and digital assets. That makes this moment a staging ground for outsized returns — especially for assets primed for attention and capital.

Final thoughts: Timing, rewards, and balanced bullishness

The combination of cooling inflation and high odds of a September Fed rate cut sets the stage for crypto. Whether someone is seeking breakout darlings or stable growth engines, these five cryptocurrencies each offer distinct angles on what comes next. LILPEPE captures the velocity of meme culture with infrastructure solidity. Cardano delivers a pragmatic alternative to DeFi giants. Avalanche balances scalability with on-chain readiness. OKB rides exchange activity. Ethena brings yield to risk-on markets. As investors calibrate their next moves, this slate offers both momentum plays and foundational holds. The coming months may define this cycle’s winners and narrative leaders — and these tokens are all anchored in timing and potential.

To learn more about Little Pepe, visit the website, Telegram, and X.

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



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August 21, 2025 0 comments
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Jubilation, chaos, and a lot of screaming: inside a Hollow Knight community Discord as the Silksong release date finally hit
Game Updates

Jubilation, chaos, and a lot of screaming: inside a Hollow Knight community Discord as the Silksong release date finally hit

by admin August 21, 2025


30-minutes until the live reveal of the latest Hollow Knight: Silksong trailer, the Hollow Knight: Silksong Daily News Discord server is packed. Almost a hundred people are sitting in a single voice channel, chatting away, cracking jokes. In less than an hour, they’ll blow out my earphones.

Prior to the release date trailer, the regular gags are thrown out perhaps for the final time. The game will be announcing a delay, one person meekly chirps. Another boisterous and proud, declares that Team Cherry had tweeted something, lying as easily as he breathed.

“Why are there so many people on this call?” one user asks. “How many are in the official Silksong Discord?” unaware that the official Hollow Knight Discord had locked its voice channels, making Silksong Daily News the go-to spot for live reactions.

You can watch the release date trailer for Hollow Knight: Silksong here!Watch on YouTube

In the few minutes leading to the reveal, shock reactions at 160,000, then 200,000 people flocking to the YouTube trailer stream flow constant and jubilant through the voices of eager fans. Discord user Kelton closes down the Itch.io Silksong fan game, and settles in to watch. Everyone quickly mutes themselves as the YouTube timer nears zero, others are told to shut up.

The timer hits zero, only for another three minute timer to appear. Everyone unmutes again. Some claps, an “oh my god”, scattered laughter. Someone notices that 260,000 people are now watching live, and renewed cries for muted mics are made by leaders of the pack. Discord user Schmalamph states: “after so many years it’s finally time”, before shifting up with a “Silksong 2034” gag to the chat’s amusement.

Then, the trailer starts, and it’s beautiful. Gasps and meek cheers pop out between cuts. The map is shown and people start to get riled up, “holy shits” get thrown out as Hornet flips around platforms and enemies alike. The volume rises steadily with each new line in the trailer, over 200 enemies, over 40 bosses. At this point, I should have turned the volume down.

Then, the trailer fades to black, and September 4 creeps into frame. Everyone unmutes at once and screams. They cheer and yell and one guy does what sounds like a war cry. Some European fella starts singing September by Earth, Wind, & Fire. Then, very few leave. They stick around and celebrate while pouring through the trailer frame-by-frame. As the dissection of every detail, every nugget of information continues, I take my leave with sore eardrums.

This experience, hanging out in a Hollow Knight: Silksong Discord and listening in to the jokes, the joy, and the post-trailer merriment is to me what video game fandom is all about. It’s hearing people who have been starved of information for years finally learn that not only is the wait almost over, it’s over in two weeks. It’s knowing that some stranger across the world now has to phone their boss and try to get time off work for a video game, and knowing you’re tempted to do the same.

So here’s to the Hollow Knight fans, whose wait is almost over. All that’s left is to hope the game isn’t bad. God, could you imagine?



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August 21, 2025 0 comments
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Discounty Review - Long Live The Empire
Game Reviews

Discounty Review – Long Live The Empire

by admin August 21, 2025



In the aftermath of Stardew Valley’s success and popularity, there have been many attempts by other developers to carve their own piece of the pixel farm life simulator pie. Whereas those games so often put you in the role of a poor farmer or some other position of struggle, Discounty does the opposite, having you effectively play as the bad guys in Stardew Valley: the outsider that has everything and is trying to weasel into the community. You’re not literally playing a mirror of that game’s story, but it’s awfully close–instead of being the new farmer in a small, struggling town, you’re instead the new owner of the big-brand supermarket that’s attempting to monopolize the economy and push out existing vendors to increase your profit margins. It altogether makes for a game that is fun to play (in that hypnotic sort of way that’s recognizable in so many games that romanticize retail work), but it is ultimately narratively quite uncomfortable at times and too muddled in its storytelling to utilize that discomfort to deliver a compelling message.

Granted, you’re merely the pawn in the palm of the hand of a much greedier capitalist: your aunt. Roped into moving to her small harbor town of Blomkest to help out with her struggling market, you arrive to find she’s sold out to the Discounty chain and rebranded. Your aunt is immediately portrayed as a suspicious person, keeping secrets locked away in sheds, making backroom deals with banks, and firing employees without a second thought. It’s all in the name of expanding her supermarket business empire, and you’re her most loyal pawn, charming locals into going along with your expansions and acquiring their wares so that citizens have to go to Discounty to buy food and home supplies.

And Jordan wept, for there were no more worlds to conquer.

It feels scummy, especially since your character has zero backbone, pushing the buck on responsibility and ignoring the consequences of their actions for a big chunk of the game’s story, which primarily deals with a hurting community that needs healing.

Discounty comes very close to tackling this story in a nuanced and measured way. An unfair and demanding boss puts you immediately on the backfoot, creating the implication that you’re powerless. And as the sole employee for most of the story, you have to handle all of the store’s responsibilities solo for six days a week, eight hours a day. That leaves you precious little free time to actually go out and talk to people and try to help them with their problems. At face value, it appears as if Discounty is presenting the viewpoint of an overworked and underpaid retail worker not having the bandwidth to address societal problems–a fairly accurate reflection of a lot of people in real life day-to-day. It’s hard to dismantle the machine when you’re an unwilling cog caught up in its design.

The protagonist isn’t characterized that way though; instead, they’re propped up as the savior that Blomkest’s economy needs. You decide the fate of these people, and you willingly go against their wants in the name of capitalism. The story tries to make you feel bad about this a few times (which in itself is annoying, as there’s no choice to not make the decisions that you’re being condemned for), with citizens coming into your store and expressing their displeasure at your prices, monopolization of the economy, and willingness to destroy existing infrastructure and town history in the name of expanding the size of your store. But they immediately forgive you and go back to regularly shopping with you the very next day, draining any sort of narrative consequence from your actions.

When first starting out, you have to add everything up by hand and it’s so SLOW.

So often, Discounty feels like it’s on the verge of making a point about this–the game almost delves into the subject of how, in the grand scheme of things, we bemoan large corporations and big-name brands but then are all too quick to rely on them. But it’s so muddled by the game’s insistence to constantly divert attention away from this subject matter. It wants to be a “cozy” game, and dealing with nuanced issues that make you think aren’t cozy. Pretty much every story beat is shuffled under the rug as soon as it’s brought up, creating spikes in tone that ricochet between outlandish silliness and discomforting reality, and don’t allow space for the player to sit with any of what they learned because there are shelves to stock. Discounty has a barebones narrative framework that leaves you wanting for an answer that the story feels ill-equipped to give because it accidentally stumbled into asking the question.

These hang-ups with the story aside, the moment-to-moment gameplay of Discounty is pretty fun. Most of it sees you frantically running around your own store to keep shelves stocked or take payment at the cash register. As your business grows, new challenges arise. Customers can track in dirt that you need to take time to clean, for example, and as your stock grows, finding enough space for all your shelving can prove a challenging puzzle. But finding solutions to these problems in the constant drive to push efficiency and customer satisfaction are regularly rewarding. With each shift, you’ll notice shortcomings you can shore up or places where you can improve, and with careful consideration (and the profits you earn), you can put your plans into action.

Lots of businesses in town serve multiple purposes given everyone’s dire situation, like the hardware store doubling as the dump.

Need more customers coming in to buy the surplus of cabbage you accidentally ordered? Buy an eye-catching prop that will compel more people to add cabbage to their grocery lists and print out some flyers to plaster around town to drive up the number of people who visit in the coming week. Discover that dirt keeps piling up next to the milk? Shift your shelves around so that there are two avenues to reach your milk section, lessening the traffic through the formerly singular lane, and then move the cleaning supplies next to the milk section so you can easily grab them. Struggling to add up customer’s large orders even with the built in calculator and stressing about how often people complain about the speed of service? Invest in a scanner that cuts out the need to add up the individual price of each item.

As Discounty’s story continues, you’ll unlock more challenges, like daily and weekly quotas that net you a bonus currency to unlock new items to stock the store with. You’ll have story-driven milestones to accomplish the likes of raising a huge sum to afford another expansion or finding a way to make a deal with several suppliers to grow your business. The chase to achieve these goals becomes the driving force in Discounty, and even if the narrative payoff for these tasks is hit-or-miss each time, the sensation of hitting another milestone and checking off a job on your to-do list is regularly fulfilling. Discounty grades your performance each day as well, so the act of simply streamlining your business to make it even more productive than it was the day before is gratifying too and creates smaller milestones that you can pursue between the larger goals that typically take several in-game weeks to work toward.

You will buy so many shelves in a playthrough, single-handedly propping up this poor man’s whole business.

When you’re not working in the store, you’re free to explore the town and talk to its various citizens. Each has a memorable personality and design, setting a high standard on first meeting that the game doesn’t always meet in subsequent interactions. Outside of specific story beats, each citizen only has a handful of things to say, so speaking to them three or four times can exhaust all their dialogue and cause them to start repeating earlier conversations. This can get annoying, especially with the citizens that you have to speak to dozens of times because they’re shop vendors that you buy furniture from or suppliers that you obtain special goods from–clicking through the same dialogue chains over and over becomes grating quickly.

Talking to the other characters can push forward other plot points too, including a few that center around mysterious happenings that plague the town. Why are the woods closed and covered in a strange purple mist? What’s up with the huge population of rats congregating in random parts around town? What is your aunt keeping in the locked shed and why does she keep saying that you don’t have to worry about it? These mysteries are largely character-driven, and the reward for your sleuthing is learning more about the denizens that call Blomkest their home. They aren’t all that challenging to puzzle through, with the clue needed to proceed usually falling into your lap just by putting time into the store. But they’re all fun distractions and get you more involved with the colorful cast of characters, making solving each mystery far more worthwhile than just going up to people and trying to talk to them normally.

The characters in Discounty are really fun! It’s a shame they often have so little to say.

With some caveats, I’d recommend Discounty. The story will make you regularly feel like you’re the bad guy in all this, and technically you are even if it’s no fault of your own. But it’s easy to ignore the riffraff and the trouble you’re causing your fellow citizens in your constant pursuit of bringing a factory-level of efficiency to your growing supermarket, and driving up profits for the sole purpose of buying upgrades that will let you drive profits even further. Maybe Stardew Valley’s JojaMart had the right idea after all.



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NFT Gaming

State Street, J.P. Morgan Complete $100M Tokenized Debt Deal

by admin August 21, 2025



State Street, a Boston-based custody bank with $49 trillion in assets under its watch, is pushing deeper into digital assets by joining JPMorgan’s blockchain-based tokenized asset platform Digital Debt Service as the first third-party custodian.

The first transaction State Street anchored was a $100 million tokenized commercial paper issuance by the Oversea-Chinese Banking Corporation (OCBC), a Singapore-based banking group, according to a Thursday press release.

State Street Investment Management, the bank’s asset management arm, purchased the debt. J.P. Morgan Securities acted as placement agent.

The move comes as traditional finance heavyweights and global banks are getting increasingly involved in tokenization of financial instruments, or real-world assets (RWA), placing bonds, funds and credit on blockchain rails. The process promises operational benefits such as increased efficiency, faster and around-the-clock settlements and lower administrative costs.

The tokenized asset market could grow could balloon in the next few years, though projections vary from McKinsey’s $2 trillion by 2030 to Ripple and BCG’s almost $19 trillion by 2033.

By joining JPMorgan’s blockchain platform, State Street can now offer clients custody of tokenized debt securities without changing its traditional servicing model.

In this particular case, State Street manages client holdings in a digital wallet directly connected to JPMorgan’s system, eliminating manual steps in settlement and recordkeeping. The infrastructure supports delivery-versus-payment settlement, with the option for same-day (T+0) settlement, and automates corporate actions such as interest payments and redemptions through smart contracts.

“This launch reflects a meaningful step forward in our digital strategy — where we manage a digital wallet on-chain and lay the groundwork for interoperability across blockchain networks,” Donna Milrod, State Street’s chief product officer, said in a statement.

The bank pursued initiatives to tokenize a bond and a money market fund, Milrod said in October. The firm also selected Switzerland-based Taurus as a tokenization partner.

Read more: DBS Launches Tokenized Structured Notes on Ethereum, Expanding Investor Access



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Bitcoin Og Goes Long On Ethereum With $334M Across Five Wallets
Crypto Trends

Bitcoin OG Goes Long on Ethereum With $334M Across Five Wallets

by admin August 21, 2025



A major Bitcoin whale has shifted focus toward Ethereum, sparking new debate in the crypto market. According to Blockchain analytics platform Lookonchain, this longtime holder created a new wallet and deposited $20 million in USDC to take a leveraged Ethereum position. 

The OG Bitcoin whale now controls long positions totaling 78,265 ETH, worth around $334 million, spread across five wallets.

This Bitcoin OG just created a new wallet and deposited 20M $USDC to go long on $ETH with 6x leverage.

He now holds $ETH long positions totaling 78,265 $ETH($334M) across 5 wallets.https://t.co/gle55iYVTchttps://t.co/0cy5OG65Js pic.twitter.com/TObynZWORL

— Lookonchain (@lookonchain) August 21, 2025

Previously, the whale sold 670.1 BTC, valued at $76 million, and used the proceeds to open 68,130 ETH longs. Lookonchain revealed that this address belongs to a Bitcoin OG who received 14,837 BTC seven years ago from HTX and Binance. Those coins, worth $107.5 million at the time, now stand at nearly $1.7 billion.

Rotating From Bitcoin to Ethereum

Samson Mow, CEO of Jan3, provided a sharp take on the whale’s move. Mow warned, “Most ETH holders have a lot of BTC (ICO/insiders) and they are rotating that BTC into ETH to pump it on new narratives (Ethereum Treasury co’s). Once they’ve gotten it high enough, they’ll dump their ETH, creating new generational bagholders, and then rotate the gains back into BTC. No one wants ETH in the long run. Plan accordingly.”

Hence, the whale’s strategy echoes long-standing cycles of capital rotation between Bitcoin and Ethereum. However, the scale of the current move signals renewed confidence in ETH during a period of institutional attention.

Institutions Show Interest in Ethereum

Aside from whale speculations, the institutional bodies are also entering the Ethereum market. BitMine Immersion Technologies increased its treasury with the addition of 52,475 Ether. The purchase indicates a growing trend for companies to diversify their crypto holdings into cryptocurrencies other than Bitcoin.

Further, according to the CryptoQuant data, the ratio of whale activity to Bitcoin exchange volume is 0.47, confirming that big holders represent only a small part of the exchange volume. This means that with Bitcoin still trading above $112,000, there are other factors supporting the market besides whale activity.

Whale investments in ETH might allow for short-term maneuvers, but at the same time, they are subject to the possibility of market manipulation.

Also Read: Ethereum Treasuries Cross 4.1 Million ETH Across 69 Firms





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NYT Mini Crossword game
Gaming Gear

Today’s NYT Mini Crossword Answers for Aug. 21

by admin August 21, 2025


Looking for the most recent Mini Crossword answer? Click here for today’s Mini Crossword hints, as well as our daily answers and hints for The New York Times Wordle, Strands, Connections and Connections: Sports Edition puzzles.

There are a lot of Qs in today’s Mini Crossword. 1-Across threw me for a while, but eventually it dawned on me. Need answers? Read on. And if you could use some hints and guidance for daily solving, check out our Mini Crossword tips.

If you’re looking for today’s Wordle, Connections, Connections: Sports Edition and Strands answers, you can visit CNET’s NYT puzzle hints page.

Read more: Tips and Tricks for Solving The New York Times Mini Crossword

Let’s get to those Mini Crossword clues and answers.

The completed NYT Mini Crossword puzzle for Aug. 21, 2025.

NYT/Screenshot by CNET

Mini across clues and answers

1A clue: Common queries, informally
Answer: FAQS

5A clue: Only four-letter country with a “Q” in its name
Answer: IRAQ

6A clue: TV’s “The White ___”
Answer: LOTUS

8A clue: Something you might “Mark as read”
Answer: EMAIL

9A clue: Late
Answer: TARDY

Mini down clues and answers

1D clue: ___ mignon
Answer: FILET

2D clue: Burnt toast has a strong one
Answer: AROMA

3D clue: Only five-letter country with a “Q” in its name
Answer: QATAR

4D clue: Likely inspiration for the mythical kraken
Answer: SQUID

7D clue: Sneaky
Answer: SLY



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