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GENIUS Act
NFT Gaming

US Treasury Seeks Public Comment On Implementation Of GENIUS Act – Details

by admin September 21, 2025


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The United States Treasury Department has opened a request for public comment on the implementation of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. The GENIUS Act, signed into US law in July, was designed to provide a regulatory framework for stablecoin issuers.

This latest call for public input comes exactly a month after the Request for Comment on Innovative Methods to Detect Illicit Activity linked to payment stablecoins. At the time, the US Treasury was interested in gathering feedback on different technologies to identify and combat the risks associated with these dollar-backed digital assets.

Call For Public Comment On Stablecoin Act To Close In 30 Days

On Thursday, September 18, the US Department of the Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM), calling on the public for comments on the implementation of the GENIUS Act. This request will allow a wide range of stakeholders to contribute, by offering data and other information, to the implementation of this law.

The press release read: 

The GENIUS Act tasks the Treasury with issuing regulations that encourage innovation in payment stablecoins while also providing an appropriately tailored regime to protect consumers, mitigate potential illicit finance risks, and address financial stability risks.

This notice asked for comments and views on a plethora of questions, including whether extra clarity is needed on the amount of reserve assets required to be held in custody. “Are there foreign payment stablecoin regulatory or supervisory regimes, or regimes in development, that may be comparable to the regime established under the GENIUS Act?” another question posed.

Some of the other questions asked in this notice include marketing restrictions, balancing state-level and federal oversight, and the application of Bank Secrecy Act (BSA), anti-money laundering regulations, and sanctions obligations. The Treasury Department noted that the public should submit their comments in response to the ANPRM within 30 days of publication in the Federal Register.

Crypto Market Structure Bill To Undergo Vote In September 

Indeed, signing the GENIUS Act into law represented a major breakthrough in regulating the crypto landscape in the United States. In its next move, the US Senate is looking to hold a vote on the crypto market structure bill, titled the Responsible Financial Innovation Act 2025, before the end of September.

The digital market structure bill is aimed at clarifying the roles of various financial agencies in the oversight and enforcement of crypto regulations. In an updated version, the Senate Banking Committee addressed the issue of blockchain developers being treated as financial institutions and non-fungible tokens (NFTs) being treated as securities.

The total crypto market cap on the daily timeframe | Source: TOTAL Chart on TradingView

Featured image from iStock, 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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September 21, 2025 0 comments
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Ethereum gaming network XAI sues Elon Musk's AI company
NFT Gaming

Ethereum price targets $5k as ETH ETF inflows jump by $556m

by admin September 21, 2025



Ethereum price pulled back on Saturday, Sep. 20, as the recent bullish momentum stalled. Still, a forming bullish pennant pattern and growing ETH ETF inflows point to a rebound to $5,000.

Summary

  • Despite a temporary slowdown in price movement, Ethereum’s position in the market continues to strengthen. With cumulative ETF inflows now surpassing $13.9 billion, institutional investors are increasingly viewing ETH as a highly liquid alternative asset.
  • The surge in Ethereum stablecoin supply, combined with Ethereum’s dominant role in decentralized finance (DeFi) and its growing total value locked (TVL) of $207 billion, points to a potentially bullish breakout.
  • Ethereum has formed a bullish pennant pattern, setting the stage for a price target of $4,945, and potentially as high as $5,000 if momentum continues. 

ETH ETFs inflows continue

Ethereum (ETH) price rally took a breather as sentiment in the crypto market waned after the Federal Reserve delivered its interest rate decision. 

Still, data show that Ethereum ETFs continued adding assets this week. According to SoSoValue, all spot Ether ETFs added $556 million in assets during the week. 

It was the second consecutive week after these funds added $637 million in the previous one. These flows brought the cumulative inflows to over $13.9 billion. 

BlackRock’s ETHA ETF has had over $13.4 billion in cumulative inflows and now has $17 billion in assets. Grayscale’s ETHE has $4.75 billion, while Fidelity’s FETH has $3.59 billion. 

Ethereum ETFs have been in a fast growth trajectory in the past few months. One possible reason is that American institutional investors see it as a highly liquid alternative asset. 

Also, its inflows jumped after Donald Trump signed the GENIUS Act, which regulated the stablecoin market. Since then, Ethereum stablecoin supply has jumped to over $164 billion. Its adjusted transaction volume soared by 71% to $901 billion in the last 30 days.

Ethereum’s role in the decentralized finance industry has also grown, with the total value locked soaring to $207 billion and the bridged assets hitting $513 billion. 

Ethereum price bullish pennant forms

ETH price chart | Source: crypto.news

The daily timeframe shows that ETH price rally has stalled in the past few weeks. It has remained above the 50-day and 100-day Exponential Moving Average and the key support at $4,106, the highest point in December last year. 

The coin has slowly formed the bullish pennant pattern, which is made up of a vertical line and a symmetrical triangle. It is also above the Ichimoku cloud indicator. 

Therefore, Ethereum price will likely have a strong bullish breakout, with the initial target being at $4,945, the all-time high. A move above that price will point to more gains, potentially to the psychological point at $5,000.



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September 21, 2025 0 comments
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Decrypt logo
NFT Gaming

WLFI Rises as Trump-Backed World Liberty Plans to Buy Back and Burn Tokens

by admin September 21, 2025



In brief

  • WLFI token holders passed a proposal to buy back and burn the token using earned fees.
  • Fees earned will buy used to buy WLFI from the open market and effectively remove them from the circulating supply.
  • WLFI is currently up 6% on the day and more than 13% in the last week.

The WLFI token of the Trump-backed DeFi protocol World Liberty Financial is rising amid news that the protocol intends to buy back and burn the token with fees it earns from providing liquidity. 

WLFI has risen over 6% in the last 24 hours and more than 13% in the last week, now changing hands at $0.236.

The firm’s buyback and burn program plans were officially approved via a governance vote in which WLFI token holders overwhelmingly voted in favor of the proposition with 99.84% “for.” 

“This proposal directs all fees earned by WLFI’s protocol-owned liquidity (POL) to be used for buying WLFI on the open market and permanently burning it,” it reads. 



In other words, all the fees earned by World Liberty Financial for providing liquidity with its treasury funds will purchase tokens, which will subsequently be burned—or effectively destroyed and removed from the supply. 

World Liberty currently earns fees from trading on the Ethereum, Solana, and BNB Chain. 

The proposal also considered alternative uses for the fees, like keeping them in the treasury for operations or splitting with a burn program, but ultimately believed that the “community preference” was to burn 100% of fees earned. 

The WLFI token debuted for trading in early September, quickly jumping to more than $0.26—greater than a 1,700% gain for allowlisted buyers of the token who were able to purchase it for just more than a penny. The token peaked above a price of $0.33 on the day that trading began.

Initially the token was not tradeable and was only used as a governance token, but a proposal was passed in July to make it eligible for trading on the open market.

The Trump-backed project has led to a significant boon to the family’s wealth, with the value of their holdings jumping as high as $6 billion thanks to their collectively owned 22.5 billion WLFI tokens. That amount is now worth just more than $5 billion. 

Since launching last year, the DeFi protocol unveiled its own stablecoin—USD1—which has gone on to earn a Coinbase listing. The dollar-backed stablecoin also trades on Ethereum, BNB Chain, Solana, and Tron.

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September 21, 2025 0 comments
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Prediction market volumes (Dune)
NFT Gaming

Kalshi Outpaces Polymarket in Prediction Market Volume Amid Surge in U.S. Trading

by admin September 21, 2025



Kalshi is pulling ahead in the prediction market race, capturing a dominant share of trading volume even as competitors like Polymarket push into regulated U.S. territory.

From Sept. 11 to 17, Kalshi accounted for 62% of total volume in the on-chain prediction market sector, according to data from Dune Analytics, while Polymarket’s stood at 37%. The former’s weekly trading pace topped $500 million, with an average open interest of around $189 million.

Prediction market volumes (Dune)

Its volume is beyond that of Polymarket, which stood at $430 million, and its average open interest of $164 million, which implies “sticker positions on Polymarket and faster turnover on Kalshi.”

Polymarket’s longer-term markets, which often stretch over weeks or months, keep user funds locked in for longer periods, essentially.

This shows up in the open interest-to-volume ratio: Polymarket averaged 0.38, while Kalshi sat lower at 0.29. That suggests Kalshi’s users are trading more often, while Polymarket’s positions tend to sit.

Still, Polymarket is building out a greater position in the U.S. The platform has cleared its acquisition of QCX, a regulated derivatives exchange, to enter the country again.

It has also launched earnings-based markets with social investing platform Stocktwits, designed to let stockholders hedge earnings risk and analysts gauge market sentiment in real time.

Read more: Polymarket Weighs $9B Valuation Amid User Surge and CFTC Approval: The Information



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September 21, 2025 0 comments
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Cardano Volume Crashes 36%, Is $1 Dream Crushed?
NFT Gaming

Cardano Volume Crashes 36%, Is $1 Dream Crushed?

by admin September 21, 2025


Cardano (ADA) has succumbed to a market-wide crash as its price dropped from an intraday peak of $0.9082. This dip has once again derailed its hopes of hitting the much-anticipated $1 target. Also, Cardano has recorded a significant volume drop in the last 24 hours.

Exchange delistings and profit-taking weigh on ADA price

As per CoinMarketCap data, Cardano’s trading volume has plunged by a massive 36.5% to $1.13 billion. The dip indicates market participants are not enthusiastic about the coin’s price outlook. They could have pulled back to minimize losses that might accompany trading the asset amid its ongoing volatility.

As of this writing, Cardano’s price was trading down at $0.8897, which represents a 0.85% decline within the last 24 hours and 5.77% in seven days. It earlier dropped to a low of $0.8874 before a slight recovery within this time frame.

Cardano 7-day Chart | Source: CoinMarketCap

Several on-chain factors were responsible for the price action of Cardano. Notably, most of the asset’s investors decided to go for profit as soon as it topped $0.90. This surge in profit-taking prevented its upward movement to the psychological $1 level.

Additionally, Bitget exchange has decided to delist a couple of ADA pairs, which triggered sell-offs in the market. This reduced exchange support has clearly impacted Cardano negatively amid the broader crypto market struggles. Bitget’s decision to delist the pairs might have been performance-based.

Earlier this year, Tim Harrison of Input Output EVP noted that Cardano has a “marketing problem” and lacks the creativity to sell its value to potential investors. Harrison believes that if the blockchain is able to simplify its communication messages, ADA could gain more traction among crypto users.

This gap in communication clarity for investors might be contributing to the asset’s stagnation, even as other altcoins continue to outperform ADA in the crypto space.

Cardano’s marketing challenges and investor criticism

Meanwhile, Cardano founder Charles Hoskinson has attempted to promote ADA, but it has fallen flat among users in the space. Reacting to his X post that “Cardano is going to break the internet,” many responded with criticism. They highlighted the poor performance of ADA among other crypto projects in the market.

Cardano has been struggling to climb up the ranking of crypto assets by market capitalization. Its previous attempt at the ninth position was short-lived as Tron reclaimed the spot, pushing ADA to the 10th place.

However, with the buzz around exchange-traded funds (ETFs) and Grayscale’s recent S-1 registration, there might be a shift in price outlook.



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September 21, 2025 0 comments
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Is A New Bullish Phase About To Commence?
NFT Gaming

Is A New Bullish Phase About To Commence?

by admin September 20, 2025


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

Crypto analyst with the username PelinayPA has noted a recent shift in Bitcoin traders’ profitability with potentially strong bullish implications. Notably, the premier cryptocurrency continues to trade within the $115,000 price region after earlier price gains on Thursday were followed by a correction of equal measure.

SOPR Ratio Trends Up: Market Signals Point To New Bitcoin Rally

In a QuickTake post on September 19, PelinayPA shares some potential insights into Bitcoin’s future trajectory based on the latest Spent Output Profit Ratio (SOPR) developments. For context, the SOPR is an on-chain metric that reflects whether Bitcoin investors are selling their coins at a profit or a loss.

However, this metric can also be used to gauge the balance of profitability between long-term holders and short-term holders when we compare the SOPR Ratios of both parties, i.e, LTH/STH SOPR. When the ratio is high (LTH > STH), it indicates that seasoned investors are more profitable, often signaling the beginning or continuation of a sustainable bull market.

 

Source: CryptoQuant

Conversely, when the ratio is low (LTH < STH), it suggests that short-term traders are outperforming, typically occurring during market tops or in the early stages of bear markets. Looking at historical cycles, PelinayPA explains that the indicator has proven to be a reliable lens into Bitcoin’s investor dynamics and various market conditions. For example, in the 2020–2021 bull run, the ratio remained moderate as short-term traders recorded substantial gains alongside long-term holders, establishing an unsustainable rally and weak market top, eventually triggering a significant price correction.

PelinayPA also references the depths of the 2022–2024 bear market during the SOPR ratio remained suppressed, reflecting weak profitability among long-term holders, but as Bitcoin began its recovery through 2023 and 2024, the metric started climbing again, hinting at a potential structural shift to a new bull phase.

In the present market,  the LTH/STH SOPR ratio is balanced but moving upward, a sign that long-term holders are regaining their advantage. PelinayPA suggests this could mark the early stages of a new bull cycle, with indicators pointing to $120,000 as the next major upside technical target.

Bitcoin Whale Accumulation Remains High

In other news, US-based institutions and whales continue to accumulate substantial levels of Bitcoin regardless of price movements. Market analyst Darkfost reports that Coinbase Premium has turned consistently positive since April, reflecting stronger institutional demand from US traders compared to entities on other trading platforms, such as Binance. At the time of writing, Bitcoin trades at $115,668 after a net 0.35% loss in the past seven days. 

BTC trading at $115,719 on the daily chart | Source: BTCUSDT chart on Tradingview.com

Featured image from Flickr, 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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September 20, 2025 0 comments
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Investors flock to this viral coin poised to surge from under $0.003 to massive gains
NFT Gaming

Capital B raises over $68.8 million

by admin September 20, 2025



In the world of crypto and fintech, several innovative projects have secured significant funding recently, further fueling the sector’s growth.

From Bitcoin-focused strategies to wealth management solutions, we’ve compiled a roundup of notable fundraising rounds, including projects raising over $20 million.

Summary

  • Capital B raised $68.9 million to expand its Bitcoin treasury, leading this week’s funding
  • Finary secured $29.4 million Series B for its wealth management platform expansion
  • Kredete raised $22 million Series A to build financial software for African immigrants

According to Crypto Fundraising data, Capital B (ex The Blockchain Group) led this week’s funding period with a $68.85 million raise focused on AI and Bitcoin ecosystem development.

Here’s a comprehensive analysis of this week’s other efforts:

Capital B (ex The Blockchain Group)

  • France-based Capital B raised $68.85 million to boost Bitcoin (BTC) holdings
  • So far, the Euronext-listed Bitcoin Treasury Company has raised a total of $146.89 million.

Finary

  • Wealth management platform Finary secured $29.4 million in a Series B round
  • Its investors include Ventures, Y Combinator, and Speedinvest

Kredete

  • The project has raised $22 million in a Series A round
  • Kredete is a financial software platform focusing on African immigrants
  • The funding was backed by Canary, Partech

Stablecore

  • Stablecore gathered $20 million; backers include Norwest Venture Partners, Coinbase Ventures, and Curql
  • The project is operating in asset management, finance/banking, and stablecoin sectors

Projects > $20 Million

  • GRVT, $19 million in a series A round
  • Mavryk Network, $10 million in a strategic round
  • Openverse, $8 million in a series B round
  • Titan, $7 million in a seed round
  • BIO Protocol, $6.9 million in a seed round
  • Senpi, $4 million in a seed round
  • Superform Labs, $1.42 million in a public sale
  • Epoch Protocol, $1.2 million in a pre-seed round



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September 20, 2025 0 comments
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Americans Want AI's Benefits But Fear Losing What Makes Them Human: Survey
NFT Gaming

Americans Want AI’s Benefits But Fear Losing What Makes Them Human: Survey

by admin September 20, 2025



In brief

  • A new Pew survey showed Americans wanted AI’s help with chores, but feared it wrecked their minds and relationships.
  • Most Americans said AI stripped away creativity and human connection, with only 10% feeling more excited than worried.
  • The majority admitted they had no control over AI in their lives—just a digital tide they couldn’t stop.

Americans are growing increasingly uneasy about artificial intelligence infiltrating their daily lives, with half now saying they’re more concerned than excited about the technology—a sharp jump from 37% just four years ago, according to a new Pew Research Center survey.

The study of 5,023 U.S. adults, conducted in June 2025 and published this week, reveals a nation grappling with a fundamental paradox: While 73% say they’d let AI assist with day-to-day tasks, 61% simultaneously want more control over how it’s used in their lives.

Half of U.S. adults say the increased use of AI in daily life makes them feel more concerned than excited, compared with 10% who are more excited than concerned.

However, Americans see AI as both inevitable and threatening to core human capabilities. Some 53% of respondents said AI will worsen people’s ability to think creatively, compared with 16% who say it will improve this. Half believe AI will damage people’s ability to form meaningful relationships, with only 5% expecting improvement in human connections.

“I think a sizable portion of humanity is inclined to seek the path of least resistance,” one woman participating in the study told the researchers. “As annoying and troublesome as hardships and obstacles can be, I believe the experience of encountering these things and overcoming them is essential to forming our character.”

The generational divide shows that the younger the generation, the more exposure to AI they will have in their day-to-day lives. According to the study, 62% of those under 30 say they have heard or read a lot about AI, compared with 32% of those ages 65 and older.



Yet these younger Americans, despite their greater familiarity with the technology, express deeper pessimism about its effects. And 61% of adults under 30 think the increased use of AI in society will make people worse at thinking creatively, compared with 42% of those ages 65 and older.

The American unease mirrors global trends. Stanford’s HAI AI Index Report 2025 confirms that worldwide, ambivalence and worry are increasing even as people appreciate AI’s efficiency gains. The tension is particularly acute in developed nations: In 2022, countries like Great Britain (38%), Germany (37%), and the United States (35%) were among the least likely globally to view AI as having more benefits than drawbacks.

Trust emerges as another critical fault line. While 76% say it’s extremely or very important to be able to tell if pictures, videos, or text were made by AI or people, more than half admit they lack confidence in their ability to actually make that distinction. This trust deficit extends beyond content detection: KPMG’s 2025 Global Trust Report found that confidence in AI companies has been falling steadily since 2022.

Another interesting finding by Pew Research is that 57% of Americans rate the risks of AI for society as high or very high, while only a quarter seems to be hyped about the technology.

When asked to explain their concerns, respondents most frequently cited the erosion of human abilities and connections—people becoming lazy, losing critical thinking skills, or depending too heavily on machines for basic tasks.

This growing wariness contrasts sharply with AI experts surveyed by Pew earlier this year. AI experts are far more likely than Americans overall to believe AI will have a very or somewhat positive impact on the United States over the next 20 years (56% vs. 17%), according to a previous study.

The divide between experts and the public reflects deeper tensions about who benefits from AI advancement. Academic studies show marginalized groups—minorities and people with disabilities—express even more negative views about AI than the general population, suggesting the technology’s benefits aren’t reaching everyone equally.

In other words, the negative effects of AI technologies are perceived more by groups that are affected by biases or stereotypes—which generative AI models tend to amplify.

Americans do see limited roles for AI in specific contexts—weather forecasting, detecting financial crimes, or developing medicines. But they draw firm boundaries around personal matters. Some 73% of respondents said that AI should play no role in advising people about their faith in God, and two-thirds reject AI involvement in judging romantic compatibility.

The regulatory landscape reflects these concerns. A Gallup-SCSP 2025 study found overwhelming support for stricter oversight, with 72% supporting more government efforts to control that industry.

Ultimately, 57% or respondents said they have not too much or absolutely no control in whether AI is used in their lives, which shows that many Americans already feel the technology’s advance is beyond their influence—a digital tide they can neither stop nor fully embrace.

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September 20, 2025 0 comments
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Plasma (Ramon Salinero/Unsplash)
NFT Gaming

Solana’s Yakovenko Says Bitcoin Must Upgrade to Survive Quantum Threat by 2030

by admin September 20, 2025



Solana co-founder Anatoly Yakovenko warned that Bitcoin developers must act to prepare for a possible quantum computing breakthrough that could render the network’s current security measures obsolete.

Speaking at the All-In Summit 2025, Yakovenko said there’s a “50/50” chance quantum computers will be powerful enough within five years to break the cryptographic protections securing Bitcoin wallets.

“We should migrate Bitcoin to a quantum-resistant signature scheme,” he said.

The concern stems from the possibility of quantum machines running algorithms like Shor’s, which could crack the Elliptic Curve Digital Signature Algorithm currently protecting Bitcoin private keys. That would make it possible to forge transactions and compromise wallets, an existential risk for the network.

Community pushback

Bitcoin’s design doesn’t make such a change easy. A migration to post-quantum cryptography would require a hard fork, a highly contentious and technically complex process that would need widespread support across the network and would not be backward-compatible.

While Yakovenko stressed urgency, others in the crypto community aren’t convinced the threat is near. Adam Back, CEO of Blockstream, estimated that the technology is still somewhat far away and even making Bitcoin quantum-ready is “relatively simple.”

Bitcoin Core contributor Peter Todd pointed out earlier on social media that quantum computers “don’t exist” as “the demos running toy problems do not count.” To Luke Dashjr, another Bitcoin Core contributor, quantum isn’t as much of a threat to Bitcoin now as spam and developer corruption, which the community can now address.

Yakovenko argued that advances in artificial intelligence show how quickly lab work can leap into the real world. The moment tech giants like Apple or Google roll out quantum-safe cryptographic stacks, he said, “it’s time to migrate.”



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September 20, 2025 0 comments
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Shiba Inu Rockets 560% in Volumes on Kraken, Hidden Price Signal?
NFT Gaming

Shiba Inu Rockets 560% in Volumes on Kraken, Hidden Price Signal?

by admin September 20, 2025


Shiba Inu, in particular the SHIB/USD pair, has seen a 560% increase in spot trading volume on Kraken within a one-hour period.

The SHIB/USD pair on Kraken recorded $14,690 in hourly activity, marking a 560% increase in trading volume.

More often than not, a surge in volume might reflect traders’ positioning, with the broader market largely trading in red in the early Saturday session.

Shiba Inu wasn’t exempt from the drop, trading down 1.16% in the last 24 hours to $0.0000129 and down 10.84% weekly.

While Shiba Inu’s hourly volume surged 560%, the same could not be said of its total spot trading volume across crypto exchanges. In the last 24 hours, Shiba Inu’s total trading volume came in at $166.92 million, a 23.35% drop from the past day, according to CoinMarketCap data.

Hidden price signal?

Shiba Inu’s funding rate has flipped positive, coinciding with the hourly volume surge on Kraken.

According to CoinGlass data, Shiba Inu’s funding rate is in the green at 0.0018%. A positive funding rate in crypto derivatives indicates the perpetual futures contract price is trading above the underlying spot price, a sign of bullish market sentiment (as more traders believe the price might rise) and high leverage on long positions.

Shiba Inu saw a significant drop in Friday’s session, plunging from $0.00001356 to $0.00001279, extending its fall from Sept. 18’s high of $0.0000136.

Shiba Inu hit a low of $0.00001278 near the daily SMA 50 in Saturday’s session, from where it rebounded as buyers purchased the dip. Its rebound stopped at $0.000013, with further buying pressure required from the crypto market to push its price higher.



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September 20, 2025 0 comments
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