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AMD's and Pegatron's 128-GPU MI350X system
Product Reviews

Pegatron preps 1,177 PFLOP AI rack with 128 AMD MI350X GPUs

by admin May 23, 2025



Pegatron showcased a unique rack-scale solution based on 128 AMD’s next-generation Instinct MI350X accelerators designed for performance-demanding AI inference and training applications at Computex. The system precedes AMD’s in-house designed rack-scale solutions by a generation, so for Pegatron, this system will serve as a training vehicle to build rack-scale AMD Instinct MI450X-based IF64 and IF128 solutions that are about a year away.

The Pegatron AS501-4A1/AS500-4A1 rack-scale system relies on eight 5U compute trays, each packing one AMD EPYC 9005-series processor and four AMD Instinct MI350X AI and HPC accelerators for AI and HPC. The CPU and the accelerators are liquid-cooled to ensure maximum and predictable performance under high loads. The machine comes in a 51OU ORV3 form-factor, making it suitable for cloud datacenters relying on the OCP standards (read: Meta).

(Image credit: Tom’s Hardware)

The machine connects GPUs located in a different chassis using 400 GbE as AMD does not have proprietary switches for Infinity Fabric connections (in any case, the maximum scale-up world size of AMD’s Instinct is eight processors today). This contrasts with Nvidia’s GB200/GB300 NVL72 platform, which has 72 GPUs interconnected with the company’s ultra-fast NVLink connection. To that end, the Instinct MI350X system will barely match the GB200/GB300 NVL72 in terms of scalability.


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The new machine will be used by OCP adopters for their immediate workloads and for learning how to better build AMD Instinct-based systems with loads of GPUs both from hardware and software ports of view. Pegatron’s machine is hard to overestimate for multiple reasons, main of which being setting the stage to challenge Nvidia’s dominance in rack-scale AI solutions.

(Image credit: Tom’s Hardware)

Given what we know about AMD’s Instinct MI350X, Pegatron’s 128-GPU rack-scale system based on these units offers up to a theoretical peak of 1,177 PFLOPS PFLOPs of FP4 compute for inference, assuming a near linear scalability. With each MI350X supporting up to 288GB of HBM3E, the system delivers 36.8TB of high-speed memory, enabling support for massive AI models that exceed the capacity of Nvidia’s current Blackwell-based GPUs.

(Image credit: Tom’s Hardware)

However, its reliance on Ethernet for GPU-to-GPU communication limits the system’s scalability. With a maximum scale-up domain of eight GPUs, the system is probably built for inference workloads or multi-instance training rather than tightly synchronized LLM training, where Nvidia’s NVL72 systems excel. Still, it serves as a high-performance, memory-rich solution today and a precursor toward AMD’s next-generation Instinct MI400-series solutions.

Follow Tom’s Hardware on Google News to get our up-to-date news, analysis, and reviews in your feeds. Make sure to click the Follow button.

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May 23, 2025 0 comments
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NFT Gaming

Public Keys: Coinbase Hack Fallout, MSTR Legal Strife and Stable-Curious Wall Street

by admin May 23, 2025



In brief

  • Coinbase released a few more worrying details about the data breach it reported last week.
  • Strategy got hit with a class action lawsuit, then launched a “crown jewel” of a $2.1 billion stock offering.
  • A trio of banks are mulling a stablecoin contender, but it would be used on a permissioned network.

Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies.

This week:

Worrying details from Coinbase

The data breach Coinbase told users and investors about last week has gotten a little more worrying.

It’s not that more data has been stolen. But the company filed a disclosure with the Maine Attorney General that included a few key details that were missing from its SEC filing and blog post about the exploit.

The breach occurred on December 26, 2024, and wasn’t discovered until May 11, 2025. That means the company went 136 days without knowing customer data had been compromised. The only spot on Coinbase’s 8-K filing that mentions December is the boilerplate about forward looking statements.



In its blog post, Coinbase described the number of users impacted as “less than 1%” of its monthly transacting users—leaving readers to do the math on their own. But it was more explicit in the Maine filing, saying 69,461 users had data leaked.

Don’t get us wrong. The company’s stock, which trades on the Nasdaq under the COIN ticker, has shaken off the post-disclosure investor jitters. It had climbed to $271.95 by yesterday’s close. That’s the highest the price has been since February and was likely spurred along by Bitcoin reaching a new all-time high.

But, uh, is there anything else we should know about that data breach? Asking for about 70,000 friends. With the personal details, including home addresses, of potentially high-net-worth individuals in the wind, TechCrunch and Arrington Capital Founder Michael Arrington is concerned lives could be at risk.

Run that ‘Crown Jewel’ fast

Strategy co-founder Michael Saylor and his company face a new class action lawsuit from investors who allege they were misled about the risks of the company’s aggressive Bitcoin accumulation strategy.

In particular, the plaintiffs take issue with Strategy saying in its latest earnings report that ““[w]e may not be able to regain profitability in future periods, particularly if we incur significant unrealized losses related to our digital assets.”

Filed in a Virginia federal court, the suit claims MicroStrategy downplayed the volatility of Bitcoin, leading to significant investor losses.

But you know the Strategy playbook by now: Bitcoin buying will continue until prices improve. Days later, the company unveiled a “crown jewel” offering of $2.1 billion worth of Perpetual Strife Preferred Stock (STRF).

Investors seem dubious of this latest offering, though. In the same week that Bitcoin twice set a new all-time high, MSTR shares are ending it 7% lower than they were last Friday.

Stable contenders

Recent progress on the GENIUS Act stablecoin bill in D.C. has Wall Street stalwarts JPMorgan, Citi, and Wells Fargo considering a partnership to create their own dollar-pegged stablecoin, according to a report earlier this week from The Wall Street Journal.

It’s potentially big if true, but unclear just how much market share the three banks could nab from the $248 billion worth of stables already in circulation, according to CoinGecko data.

There’s one detail that gives us pause: The banks are exploring tokenized deposit products—all good so far—and permissioned blockchains. That’s where a lot of big institutions start to lose on-chain credibility. (“Permissioned” is techno-speak for “private,” which makes these kinds of networks really just blockchains in name only.)

Compliance teams are still wary of conducting business on a public network. But when you take away the permissionless part, then projects start to look like the same old systems with buzzy new technology that makes them faster and cheaper.

But going the fully permissionless route isn’t a slam dunk, either. PayPal launched its PYUSD stablecoin on none other than Ethereum in August 2023. It’s currently the 110th largest stablecoin with a $880 million market capitalization, according to CoinGecko.

And it drew the ire of the Securities and Exchange Commission, which subpoenaed the company about the stablecoin in November 2023. It recently called off an investigation into PYUSD with no action taken.

It’s gotta be said, though, that fintech payments platform PayPal doesn’t have quite the same gravitas as three Wall Street institutions. If D.C. waves the green flag, things could get interesting.

Other Keys

  • Mocking crypto Batman: A bad actor who’s believed to be linked to the Coinbase data breach has been mocking on-chain sleuth ZachXBT. “L bozo,” the hacker wrote Wednesday evening through an Ethereum transaction using the blockchain’s input data message feature. The message was followed by a link to a YouTube meme video showing NBA legend James Worthy smoking a cigar. Gotham needs justice.
  • New base unit, who dis? Square CEO and laser-eyed Bitcoin maxi Jack Dorsey has joined the chorus of developers saying that Bitcoin’s base unit should be changed from “satoshis” to “Bitcoins.” This would render sayings like “Stacking sats” meaningless. A Bitcoin is made up of 100,000,000 satoshis, or “sats,” named after the cryptocurrency’s pseudonymous creator, Satoshi Nakamoto.

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Hyperinflation leads more people to Bitcoin
Crypto Trends

Hyperinflation leads more people to Bitcoin

by admin May 23, 2025



When Venezuela was experiencing hyperinflation, Ledn co-founder Mauricio di Bartolomeo hedged against the collapsing local currency by shorting it in favor of the more stable US dollar. Today, he’s using a similar strategy — this time borrowing against his Bitcoin (BTC) to hedge against the crumbling US dollar.

Di Bartolomeo connected with me during Canada Crypto Week in Toronto, where he talked about the advantages of Bitcoin-backed loans and the rapid growth of collateralized BTC lending. In our interview, he made a compelling case for continuing to stack sats, even as Bitcoin’s price keeps rising.

This week’s Crypto Biz dives into our conversation with the Ledn co-founder and covers the latest business news from the blockchain world.

A lesson from hyperinflation

Before Bitcoin, di Bartolomeo’s most successful investment was shorting the Bolivar with US dollars, referring to his experience in Venezuela during the hyperinflationary 2010s. 

“I was borrowing Bolivars and buying dollars with them, holding the hard dollars and having a borrow [position] on the weaker currency,” he said.

He then founded Ledn, a company that lets Bitcoin investors access dollar liquidity without parting ways with their BTC. 

By borrowing against Bitcoin, “you’re basically doing the same thing, but you are in effect holding the hard money, which is Bitcoin, and taking a borrow [position] on dollars, which is a weaker currency,” he said.

Many Bitcoiners have found this to be a winning strategy. By the end of Q4, Ledn’s loan book value was valued at $9.9 billion, according to Galaxy Research.

Cointelegraph’s Sam Bourgi and Ledn’s Mauricio di Bartolomeo.

Guatemala’s largest bank integrates “invisible” crypto infrastructure

Banco Industrial, Guatemala’s largest bank, has integrated crypto infrastructure SukuPay into its mobile banking app, enabling users to receive US dollars more easily.

SukuPay said this integration is the first time a major Latin American retail bank has used a crypto-native protocol for its payment services.

Banco Industrial has more than 1,600 service locations across Guatemala and has also expanded into neighboring countries. 

The “key to mainstream adoption of blockchain technology is making it invisible to the end-user,” SukuPay CEO Yonathan Lapchik told Cointelegraph. 

With SukuPay’s technology, Banco Industrial app users can receive dollars from the US for a flat fee of $0.99, significantly lower than the typical 6% to 10% they currently pay, said Lapchik.

Bankers are panicking about stablecoins, NYU professor claims

America’s banking lobby sees yield-bearing stablecoins as a threat to its business model, which relies on taking deposits, paying depositors minimal interest and using those funds for higher-risk investments, according to NYU professor Austin Campbell.

In a May 21 social media post, Campbell claimed that he’s heard rumblings of “panic” over new stablecoins offering holders interest payments and other monetary rewards. 

He told Democratic lawmakers that “banks want you to protect their cartel so they can keep screwing your voters.”

Although Campbell didn’t mention any stablecoin assets by name, Cointelegraph reported in February that the Securities and Exchange Commission approved the country’s first yield-bearing stablecoin security by Figure Markets. At the time of its launch, the YLDS stablecoin offered a yield of 3.85%.

Pi Protocol and Spark Protocol have also developed interest-bearing tokens. 

Source: Austin Campbell

Strategy continues to stack sats

With Bitcoin back above $100,000, Michael Saylor’s business intelligence firm, Strategy, has resumed its buying spree by acquiring 7,390 BTC last week for approximately $765 million.

The latest purchase brings Strategy’s total Bitcoin holdings to 576,230 BTC, with an unrealized gain of around $20 billion.

The announcement came just two days before Bitcoin surged past its previous all-time high, climbing above $109,000 for the first time since January. Like other risk assets, Bitcoin has benefited from improved investor sentiment following the suspension of tariff hostilities between the United States and China.

Source: Michael Saylor

Crypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.



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One of Whoop's new wearables has a bug so bad the company is issuing replacements
Gaming Gear

One of Whoop’s new wearables has a bug so bad the company is issuing replacements

by admin May 23, 2025


Whoop’s new screen-less, fitness-focused Whoop MG wearable might have a major bug that can leave the device unusable, according to reports from Android Police and TechIssuesToday. Whoop launched the Whoop MG and Whoop 5.0 at the beginning of May, the company’s first major hardware release since it launched the Whoop 4.0 in 2021.

According to complaints on Whoop’s community forums and X, after setting up a Whoop MG, the wearable can mysteriously became unresponsive hours later, refusing to connect to a smartphone even when it should be charged. “I wore it for about 20 hours or so, but then it suddenly disappeared from the app, no sensor lights on, nothing appearing in the app,” one new Whoop MG owner shared on Reddit. On the company’s forums, Whoop suggests trying things like charging the MG, reconnecting it to your phone or resetting the wearable to see if that fixes things. Whoop owners have also been directed to contact Whoop’s Support team, and multiple faulty Whoop MG owners report that they’re being sent replacement wearables.

Engadget has contacted Whoop to get a sense for how widespread this issue is and what the company is doing to address it. We’ll update this article if we hear back.

Unlike other companies, Whoop doesn’t expect customers to buy a fitness tracker and then pay a subscription; Whoop’s subscription fee is inclusive of its hardware. With the Whoop 5.0 and Whoop MG, the company is also hoping to expand the number of metrics it tracks beyond just activity and sleep tracking to things like real-time stress monitoring and, in the case of the MG, blood pressure and ECG readings. What features you’re able to access ultimately depends on both the wearable you have and the subscription you’re paying for, though.

To access the Whoop MG in particular, you have to pay $359 annually, which starts to feel pretty egregious when the wearable might not work. Prior to this issue, Whoop was also caught denying free hardware upgrades to existing customers after previously suggesting it would send out new wearables to anyone who’d been a member for six months or more. Whoop reversed that decision a few days later.



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PNY reveals microSD Flash Memory Cards just in time for Switch 2
Esports

PNY reveals microSD Flash Memory Cards just in time for Switch 2

by admin May 23, 2025


Today, PNY revealed their new microSD Express Flash Memory Cards. They come in two sized, 128 GB or 256 GB, and have 890 mbps read 750 mbps write speeds.

Equipped with cutting edge microSD Express technology that is up to 4.4x faster than standard UHS-I microSD cards, these new cards are ideal for ultra-high performance gaming demands while maintaining backwards compatibility across current gaming consoles and microSD devices. Available now for purchase through pny.com or amazon.com, with other retailer availability coming soon.Unbeatable Performance

Experience blazing-fast downloads with PNY microSD Express Flash Memory Cards. Next generation microSD Express technology unleashes superspeed capabilities on PNY cards with performance up to up to 890MB/s and write speeds up to 750MB/s – up to 4.4 times faster than standard UHS-I microSD cards. With this substantially improved performance, accomplish lightning-fast game loads and a supremely smooth gaming experience.

Elevated Gaming Experience

Elevate your gaming with PNY microSD Express Cards, crafted for top-tier performance and next-level gameplay. Engineered with PCIe Gen3 x1 microSD technology to achieve incredible microSD performance to keep up with even the most demanding games, reduce load times to start gaming faster and explore immersive worlds with extreme resolution. With up to 256GB, expand Nintendo Switch 2 storage space up to double and have more space to save AAA gaming titles. Spend less time waiting and more time playing!

Next Generation Gaming Ready

Compatible with microSD Express host devices including Nintendo Switch 2. Upgrade your flash memory card collection and ensure you’re equipped with superspeed storage solutions crucial for next gen gaming technology. Reap the benefits of PNY’s top-tier gaming solution without sacrificing support for your current favorite devices. PNY microSD Express Cards maintain backwards compatibility with UHS-I and UHS-II host devices at UHS-I/UHS-II speeds, so gamers can continue playing on their preferred consoles.

Stay Cool Under Pressure

Meticulously engineered to keep up high performance, PNY microSD Express cards are crafted to stay cool under pressure with unique heat dissipation designs maximizing cooling efficiency. Built-in microSD thermal monitoring combined with intuitive adaptive technology automatically adjusts to optimize temperature and keeps the microSD running efficiently. Let PNY microSD express do the work for you to maximize the thermal performance of your expandable storage. Stay cool, game on, and keep your focus on the heat of battle.

Ultimate microSD Express Durability

Rigorously tested for ultimate durability, rest assured that PNY microSD Express Cards are innovated to endure. These cards are magnet proof, shock proof, temperature proof, waterproof, drop proof, X-Ray proof, wear-out proof, and even humidity proof. Backed by a lifetime limited warranty, maintain peace of mind knowing that your extensive gaming collection is secure with PNY microSD Express. 

Product Specifications:

Capacities: 128GB-256GBFormat: microSDXCInterface: PCIe Gen3x1 UHS-ISpeed Class: Class 10, U3Video Speed Class: V30App Performance: A1Read Performance: Up to 890MB/sWrite Speed: Up to 750MB/sCompatibility: microSD Express host devices including Nintendo Switch 2. Backwards compatible with microSD UHS-I and UHS-II devices

For more on PNY and Nintendo Switch 2, stay tuned to GamingTrend.


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XRP and DOGE Defy Flat Funding Trend Against BTC
GameFi Guides

XRP and DOGE Defy Flat Funding Trend Against BTC

by admin May 23, 2025


  • Bitcoin holders on pause?
  • XRP and DOGE fuel optimism

The recent crypto market rally that saw Bitcoin (BTC) surpass historic highs has slowed down as market participants move with skepticism. Latest data from Glassnode has revealed a flat funding trend across the broad crypto market.

Bitcoin holders on pause?

The massive Bitcoin-led market rally has put all BTC holders in moments of celebration, as the data source revealed that 100% of Bitcoin’s circulating supply has remained in profit after the leading cryptocurrency surpassed the $108,000 mark, but there’s a surprising shift which has raised concerns among investors.

Despite the bullish momentum, data shows that the funding rates across the broad crypto ecosystem have remained muted. Bitcoin’s funding rate has failed to rise, sitting around a neutral level at 0.0079%.

Source: Glassnode 

This unusual pattern has caught investors’ attention and has received mixed reactions as the market seems to be facing price uncertainty amid macroeconomic pressures.

While Bitcoin’s low funding rate suggests that buyers have become skeptical amid reduced optimism, this has seen investors in doubt as to whether there is a larger bull run ahead or not.

XRP and DOGE fuel optimism

While the flat funding rate extended across the broad crypto market, the data shows that only XRP and Dogecoin saw their funding rate above neutral levels among the top 10 leading cryptocurrencies by market capitalization.

XRP and DOGE saw their funding rates reach a slightly positive level at 0.0101% and 0.0104%, respectively. Although the coins have barely surged above neutral levels, they have proven stronger than Bitcoin and other major altcoins like Ethereum.

This unexpected shift in sentiments suggests that crypto users are more interested in buying XRP and DOGE at this point, even though Bitcoin has projected gains for all its holders.

Although the majority of DOGE and XRP holders are in profit, the assets do not stand with Bitcoin in this metric. Unlike Bitcoin, out of the total XRP in circulating supply, 92.8% of the tokens are in profits. DOGE, on the other hand, appears weaker as only 81.1% of the total DOGE in circulation are in profits.

Despite recent gains, the crypto market has experienced an unexpected bloodbath today, with Bitcoin, XRP, and DOGE decreasing by 1.85%, 2.54%, and 2.89% respectively, over the last day.



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9 Great Switch Games Are Up to 80 Percent Off This Weekend
Game Updates

9 Great Switch Games Are Up to 80 Percent Off This Weekend

by admin May 23, 2025



Image: Nintendo / CD Projekt Red / Kotaku

Memorial Day weekend invites important questions like what to marinate the kebobs in, whether it’s warm enough to put the pool up or not, and which new game you should buy while continuing to ignore your backlog. The Switch eShop currently has a few sales running that are worth a quick peek while waiting for the 45 minutes of coming attractions ahead of Mission Impossible 8 to end.

Fallout Season 2 Teaser Confirms Lucy and Ghoul are Heading to New Vegas

If you’re looking at physical Switch games, there are a few good deals going around at the moment. Advance Wars 1 and 2 Re-Boot Camp is currently just $30 at GameStop (half off) while Dragon Quest III HD-2D Remake is just $40 (33 percent off) at Amazon. 13 Sentinels: Aegis Rim, Catherine: Full Body, and Shin Megami Tensei III Nocturne HD Remaster are all heavily discounted as well at VGP.

Meanwhile, in the digital world of the eShop, the following games are all great and pretty cheap right now:

  • Prince of Persia The Lost Crown – $20 (50 percent off)
  • It Takes Two – $20 (50 percent off)
  • Tales of Kenzera: ZAU – $8 (60 percent off)
  • Monster Hunter Rise + Sunbreak Deluxe – $20 (71 percent off)
  • Dead Cells – $12.50 (50 percent off)
  • Penny’s Big Breakaway – $15 (50 percent off)
  • Doom 2016 – $4 (80 percent off)
  • The Witcher 3: Wild Hunt — Complete Edition – $15 (75 percent off)
  • Rayman Legends Definitive Edition – $8 (80 percent off)

The Witcher 3 port is just short of ugly on Switch, but if you have no other way to play the grim fantasy RPG it’s well worth picking up, especially on the game’s 10th anniversary. Doom 2016 runs and looks better, and should help sate the urge to rip and tear for Nintendo fans who can’t access Doom: The Dark Ages. If you just want a fun, colorful throwback to pass the time, my suggestion is Penny’s Big Breakaway, one of last year’s great unsung Dreamcast 3D platformer homages.

There are two other Switch games that are only slightly on sale but might be of interest. The Chrono Trigger-like Sea of Stars is currently $22.75 (around 30 percent off), but just got a big free Throes of the Watchmaker DLC that adds a new eight-hour quest, additional character, and more classes. Labyrinth of the Demon King, meanwhile, is a lo-fi horror dungeon crawler that just came out last week and is already turning heads. It’s $16 this week (20 percent off). If you’re interested in what might end up on the list of 2025’s most overlooked games, I’d give this one a shot.

.



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Samsung Memorial Day sale: The best washer, dryer, and refrigerator deals
Product Reviews

Samsung Memorial Day sale: The best washer, dryer, and refrigerator deals

by admin May 23, 2025



The Samsung Memorial Day sale is finally online, so now’s the perfect time to make some upgrades in your home. The brand, which is known for making some of the best phones and best TVs, is also a reliable name in the world of appliances, including washer, dryers, and refrigerators. No matter your budget and the amount of space you have, something will surely catch your eye in this year’s Memorial Days deals for Samsung appliances.

You can take a look at all the home appliances that are on sale for Memorial Day from Samsung through the link below, but we’ve also highlighted our recommendations below if you want to finish your purchase quickly. That’s actually a good idea, because we’re not sure how much longer stocks will remain available. You shouldn’t wait until the last minute of these Samsung Memorial Day deals before you proceed with your transaction, as you’ll be in danger of missing out.

Samsung 28 cu. ft. 4-Door French Door Refrigerator — $1,699 $2,899 41% off

Samsung

For those who are looking for refrigerator deals, you can’t go wrong with the Samsung 28 cu. ft. 4-Door French Door Refrigerator, especially now that you can get it with a 41% discount for savings of $1,200. The stainless steel finish gives it a very clean aesthetic, and the four-door design provides enough capacity for the needs of the whole family. One of the doors is a FlexZone Drawer where you can select among four temperature settings. It’s also a smart refrigerator, giving you the ability to access controls from your phone.

Samsung Bespoke 4.6 cu. ft. Washer and 7.6 cu. ft. Electric Dryer — $1,899 $2,699 30% off

Samsung

A smart washer and dryer is an excellent investment, and the Samsung Bespoke 4.6 cu. ft. Washer and 7.6 cu. ft. Electric Dryer is a fantastic choice from the washer and dryer deals of Samsung for Memorial Day. The appliance is tagged as an AI Laundry Hub that provides a space-saving solution, as it’s a single machine with an easy-to-reach control panel. It also comes with the brand’s AI OptiWash and AI Optimal Dry features that will make the necessary adjustments as it washes and dries your clothes. It’s on sale at 30% off, for savings of $800.






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Switch 2's GameChat feature requires a mobile phone number
Game Reviews

Switch 2’s GameChat feature requires a mobile phone number

by admin May 23, 2025


Those wanting to utilise the Switch 2’s GameChat feature will need to register a phone number.

The Switch 2’s GameChat feature does pretty much as it says on the tin. It will allow users to communicate with their friends and family (or, bitter rivals if Mario Party is involved) while playing a game. This is done via a microphone built into the console itself, while a separate camera will also allow for video chat. It is all accessed via that once-mysterious C button on the console.

Nintendo Switch 2 Hands-On Preview: Mario Kart World Impressions & More! Watch on YouTube

GameChat will be available for Switch 2 users for free, without a Nintendo Switch Online membership, until 31st March 2026. After that, users will only be able to access the feature if they have a paid NSO membership. However, if you read the small print, users will also need to register a phone number with a Nintendo account to access this feature.

On Nintendo’s official GameChat page, the small print reads: “Mobile phone number registration required to use GameChat.” On the same page, the company states that as an “additional security measure” text message verification “is required to set up GameChat”. It adds that text message verification for children wanting to make the most of the Switch 2’s GameChat feature will need to use a number registered to a parent or guardian’s account to get access.

This phone number requirement is for here in the UK, as well as across the pond in the US, so presumably will be a requirement worldwide.

Image credit: Nintendo

On its debut, the Switch 2’s GameChat will include text-to-speech and live captions. As we reported earlier, Nintendo will also be able to record video and voice chats stored on your console for a limited time, if you give consent. This is to ensure a “safe and family-friendly online environment”, Nintendo said, with footage only reviewed as part of its user-report system.

The Nintendo Switch 2 will be available worldwide in just under two weeks time, on 5th June. For more, you can check out our guide to the Switch 2’s specs here.



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Tom Carreras
NFT Gaming

MSTR, SMLR Lead Crypto Names Lower

by admin May 23, 2025



Crypto stocks suffered a red day on Friday, especially bitcoin

treasury companies such as Strategy (MSTR) and Semler Scientific (SMLR) — each down roughly 6% even as bitcoin slipped only a bit more than 2%. Japan-listed Metaplanet is lower by 24%.

The picture looks even worse when zooming out: changing hands at $376 early Friday afternoon, MSTR shares are more than 30% below their all-time high hit late in 2024 even as bitcoin has pumped to a new record this week.

The price action comes amid a continuing debate taking place on social media about the sustainability of Michael Saylor’s (and those copycatting him) bitcoin-vacuuming playbook.

“Bitcoin treasury companies are all the rage this week. MSTR, Metaplanet, Twenty One, Nakamoto,” said modestly well-followed bitcoin twitter poster lowstrife. “I think they’re toxic leverage is the worst thing which has ever happened to bitcoin [and] what bitcoin stands for.”

The issue, according to lowstrife, is that the financial engineering that Strategy and other BTC treasury firms are employing to accumulate more bitcoin essentially rests on mNAV — a metric that compares a company’s valuation to its net asset value (in these cases, their bitcoin treasuries).

As long as their mNAV remains above 1.0, a given company can keep raising capital and buying more bitcoin, because investors are showing interest in paying a premium for exposure to the stock relative to the firm’s bitcoin holdings.

If mNAV dips below that level, however, it means the value of the company is even lower than the value of its holdings. This can create significant problems for a firm’s ability to raise capital and, say, pay dividends on some of the convertible notes or preferred stock it may have issued.

Shades of GBTC

Something similar happened to Grayscale’s bitcoin trust, GBTC, prior to its conversion into an ETF. A closed-end fund, GBTC during the bull market of 2020 and 2021 traded at an ever-growing premium to its net asset value as institutional investors sought quick exposure to bitcoin.

When prices turned south, however, that premium morphed into an abysmal discount, which contributed to a chain of blowups beginning with highly-leverage Three Arrows Capital and eventually spreading to FTX. The resultant selling pressure took bitcoin from a record high of $69,000 all the way down to $15,000 in just one year.

“Just like GBTC back in the day, the entire game now — the whole thing — is figuring out how much more BTC these access vehicles will scoop up, and when they will blow up and spit it all back out again,” Nic Carter, partner at Castle Island Ventures, posted in response to lowstrife’s thread.

The thread also triggered replies from MSTR bulls, among them Adam Back, Bitcoin OG and CEO of Blockstream.

“If mNAV < 1.0 they can sell BTC and buy back MSTR and increase BTC/share that way, which is in share-holder interests,” he posted. “Or people see that coming and don’t let it go there. Either way this is fine.”



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  • Trump threatens a 25 percent tariff on all smartphones not made in the US
  • Praise the Omnissiah, Warhammer 40,000; Mechanicus 2 just got a new gameplay trailer, featuring a short glimpse at a new faction
  • Solaxy and Pepeto rise as Nasdaq composite, ETH, DOGE, and Pepe coin heat up

Recent Posts

  • Bitcoin treasury companies will hold ‘way more’ than Bitcoiners expect: Exec

    May 24, 2025
  • Unusual 2,306% Imbalance Stuns XRP Bulls in Daily Crypto Bloodbath

    May 24, 2025
  • Trump threatens a 25 percent tariff on all smartphones not made in the US

    May 24, 2025
  • Praise the Omnissiah, Warhammer 40,000; Mechanicus 2 just got a new gameplay trailer, featuring a short glimpse at a new faction

    May 24, 2025
  • Solaxy and Pepeto rise as Nasdaq composite, ETH, DOGE, and Pepe coin heat up

    May 24, 2025

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About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • Bitcoin treasury companies will hold ‘way more’ than Bitcoiners expect: Exec

    May 24, 2025
  • Unusual 2,306% Imbalance Stuns XRP Bulls in Daily Crypto Bloodbath

    May 24, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

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