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XRP Ledger XLS-86 Amendment Introduces New Firewall Layer – What To Expect

by admin September 18, 2025


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

The XRP Ledger (XRPL) is entering a new evolutionary phase with the introduction of the XLS-86 amendment, which brings a firewall layer directly at the protocol level. For years, crypto investors and institutions have raised concerns over scams and network vulnerabilities that erode confidence in blockchain technology. With this new amendment, XRPL is positioning itself as one of the most secure and institution-ready networks in the industry. 

About The XRP Ledger XLS-86 Firewall Amendment

Crypto analyst Stedas recently outlined in a post on X social media how the XLS-86 amendment will function as a built-in security layer to shield XRPL users from common threats that plague decentralized ecosystems. Unlike optional tools or third-party protection measures, this firewall amendment integrates security at the protocol itself, making defenses automatic and seamless for users. 

Stedas notes that the firewall will automatically warn users before they attempt to send funds to addresses flagged as risky, effectively preventing accidental transfers to scammers. A shared database across exchanges and wallets will reportedly serve as a coordinated defense, ensuring that malicious actors are blocked regardless of where they attempt to operate. 

Additionally, the analyst emphasized that the system will employ Artificial Intelligence (AI) to detect phishing attempts and fake domains, thereby providing proactive safeguards to prevent users from falling victim to these scams. Most importantly, Stedas stated that the XLS-86 firewall protection is not reliant on manual oversight or individual awareness, as it is embedded into the XRP Ledger rules. That means every user benefits from an equal level of defense, reducing the burden of vigilance that has historically fallen on retail investors. 

Analysts Call XRPL “BulletProof” With XLS-86

The broader crypto and XRP community’s positive reaction to the XLS-86 firewall amendment reflects just how transformative this new upgrade could be. In a recent X post, Market enthusiast Paul White Gold Eagle described the XRP Ledger as “bulletproof,” noting that the upcoming upgrade is not simply another incremental patch but a complete security overhaul.

According to his perspective, the firewall will stop authorized access, block malicious transactions, and prevent drain attacks—all major threats that have led to losses across other chains. By adding anti-scam protections at its core, XRPL addresses one of the crypto industry’s greatest vulnerabilities. 

Gold Eagle noted that phishing and fraud have long undermined adoption, but XLS-86 introduces institutional-grade security that could open the door to banks, governments, and Fortune 500 corporations. He emphasized that this new firewall amendment is the type of infrastructure that Wall Street pays attention to, as no other chain currently offers protocol-level firewall defenses. 

Other crypto community members echoed similar sentiments. ‘Chris_eth-’ on X stressed that XLS-86 features, such as automatic scan address flagging, coordinated forensics with exchanges and validators, and wallet warnings before risky payments, will collectively form a multi-layered shield for XRP users. Combined with recent fixes like the xrpl.js library compromise, this firewall amendment signals that the ecosystem is no longer tolerating security gaps.

XRP trading at $3.11 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Solmate launches with $300m to establish Solana treasury in UAE
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Solmate launches with $300m to establish Solana treasury in UAE

by admin September 18, 2025



Solmate launched with $300 million to establish a Solana treasury in UAE. Emerging from an oversubscribed private placement with backing from Ark Invest and UAE’s Pulsar Group, the new entity seeks to build physical staking infrastructure in Abu Dhabi.

Summary

  • Solmate launches with $300 million to establish a Solana treasury in the UAE, rebranding from Brera Holdings.
  • Backed by Ark Invest, Pulsar Group, RockawayX and the Solana Foundation, with plans for Abu Dhabi-based staking infrastructure.

According to a press release dated September 18, the capital was secured through a PIPE deal that will see Brera Holdings PLC, a Nasdaq-listed multi-club football ownership company, completely rebranded as Solmate.

The financing was spearheaded by UAE-based advisory firm Pulsar Group and garnered significant demand from a notable consortium, including Cathie Wood’s Ark Invest, early Solana (SOL) infrastructure specialist RockawayX, and the Solana Foundation itself.

Notably, the move installs crypto legal veteran and former Kraken CLO Marco Santori as CEO, with economist Arthur Laffer and RockawayX’s Viktor Fischer joining the board.

Why Solmate is betting on Solana

Per the statement, Soulmate views SOL as both fast-growing and structurally different from its peers. The company said the Solana blockchain processes more transactions and generates more on-chain revenue than all other networks combined.

Unlike Bitcoin, Solana is natively yield-generating through its proof-of-stake consensus mechanism, creating a tangible revenue opportunity for treasury holders through staking. Solmate’s strategy is a direct bet on this economic model, positioning the company to capitalize on the network’s growth.

“Our stakeholders have deep, long-term conviction in the Solana ecosystem and will demand that we accumulate SOL through bull markets and bear markets alike. Solmate is well-positioned as Solana adoption accelerates across institutional markets, DeFi, NFTs and AI,” Solmate CEO Marco Santori said.

To facilitate this aggressive accumulation, Solmate has negotiated a significant advantage. The company has executed a letter of intent with the Solana Foundation and expects to enter into a definitive agreement that would grant it preferential access to SOL tokens at a lowered entry price.

Operationally, the strategy extends far beyond simply holding assets on a balance sheet. Soulmate said a portion of the $300 million war chest is earmarked for building revenue-generating physical infrastructure in Abu Dhabi. The first project will be a deployment of bare metal servers specifically configured to operate a performant Solana validator

Following the announcement, shares of Brera Holdings (BREA) experienced a seismic surge, rocketing 412% to trade at $39.22.



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Intel Spikes 23% on Deal With Nvidia to Develop AI Hardware

by admin September 18, 2025



In brief

  • Nvidia invested $5 billion in Intel and agreed to co-develop custom chips for PCs and data centers.
  • Jensen Huang framed the deal as coupling Nvidia’s accelerated computing with Intel’s x86 platforms.
  • The move followed reports that China banned local tech firms from buying Nvidia AI chips.

Nvidia announced Thursday it would invest $5 billion in Intel and collaborate on custom chips for data centers and personal computers, sending Intel’s battered stock soaring 23% in early trading.

The investment, which would buy Nvidia roughly 215 million Intel shares at $23.28 each, comes just weeks after the Trump administration took a 10% stake in the struggling chipmaker.

As per the agreement, Intel will develop custom x86 CPUs optimized for Nvidia’s AI platforms, potentially solving longstanding bottlenecks in CPU-GPU communication. For personal computers, Intel will build system-on-chip designs incorporating Nvidia’s RTX graphics technology.

“This historic collaboration tightly couples NVIDIA’s AI and accelerated computing stack with Intel’s CPUs and the vast x86 ecosystem — a fusion of two world-class platforms,” Nvidia CEO Jensen Huang said in the announcement. “Together, we will expand our ecosystems and lay the foundation for the next era of computing.”

Nvidia shares climbed 3%, pushing the company’s market value past $4 trillion, giving the company a breath of fresh air after the quick panic caused by a decision from China to ban its chips.

The deal throws Intel a lifeline at a critical moment. The company that once dominated Silicon Valley lost nearly $19 billion last year and another $3.7 billion in the first half of 2025. It plans to cut 25% of its workforce by year’s end

However, this is not just a lifeline, and the partnership is actually mutually beneficial. For Nvidia, it means deeper access to the x86 architecture that still powers most enterprise systems. For Intel, it’s a chance to leverage Nvidia’s AI dominance to stay relevant.

By teaming up, Intel can use Nvidia’s powerful AI technology in its own computer chips. This means businesses and regular people will get faster, “smarter” computers from Intel, all thanks to Nvidia’s know-how, keeping Intel a major player even as technology rapidly change

Pop The Champagne, Intel

“Pop the champagne,” Dan Ives, tech analyst at Wedbush Securities, told Bloomberg. “It brings Intel into the AI game. This is also gonna viewed very positively in DC” he said

The Trump administration’s earlier intervention had already signaled Intel’s strategic importance. The government’s $8.9 billion investment for a 10% stake was part of broader efforts to secure domestic chip production amid tensions with China. Trump has threatened 100% tariffs on imported chips while negotiating export deals that let Nvidia and AMD sell lower-power AI chips to China in exchange for a 15% cut of sales.



Trump’s efforts to limit the exports of good chips to China and only give licenses to sell nerfed chips finally ended up in a decision from China to ban the use of Nvidia chips (good or bad) and promote the use of domestic alternatives.

Intel CEO Lip-Bu Tan, who took over in March 2025 with a mandate to restore the company’s manufacturing edge, framed the Nvidia partnership as validation of Intel’s core strengths. “Intel’s leading data center and client computing platforms, combined with our process technology, manufacturing and advanced packaging capabilities, will complement NVIDIA’s AI and accelerated computing leadership to enable new breakthroughs for the industry,” he said in the official announcement.

Market watchers see the deal as confirmation of Nvidia’s position atop the chip industry. The company reported $46.7 billion in quarterly revenue in Q2 2025, up 56% from a year earlier.

“With AI infrastructure investments continuing to grow with the company expecting between $3 trillion to $4 trillion in total AI infrastructure spend by the end of the decade, the chip landscape remains [Nvidia’s] world, with everybody else paying rent,” Ives wrote in a client note according to The Guardian.

The partnership puts pressure on AMD, which now faces a combined Intel-Nvidia force in both AI and PC markets. It also reinforces the push to build American chip capacity as global supply chains remain fragile.

The deal requires regulatory approval. Neither company disclosed a timeline for when the first jointly developed products would reach the market.

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Coinbase adds bitcoin-backed borrowing
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Tristan Thompson Taps Somnia to Bring Basketball Fandom On-Chain

by admin September 18, 2025



NBA champion Tristan Thompson is teaming up with Improbable CEO Herman Narula and co-founder Hadi Teherany to roll out a new web3 experience designed to reinvent basketball fandom for the digital era.

The project, named basketball.fun, will debut in October ahead of the NBA season and will attempt to gamify the way fans interact with players and games, Thompson announced.

It has been developed on Somnia, a layer 1 blockchain that went live at the start of this month, already notching billions of dollars worth of trading volume in its first two weeks.

“This is how we experience moments together, it’s not just about basketball,” Tristan Thompson said in a press release. “We’re creating something for the fans that lives beyond the game, where your presence, passion, and play actually matter.”

Tokenized NBA players

Unlike traditional fantasy sports or fan tokens, the platform will tokenize NBA players with values that fluctuate in real time based on sentiment and performance. Fans will be able to assemble rosters, speculate on rising talent, and earn rewards tied to their predictions and engagement.

“The way fans value and perceive players should be different than owners and news networks,” Teherany said in an interview with CoinDesk. “We’re trying to give power back to the fan — not just to predict who they think is great, but to actually earn incentives from it. Imagine being able to prove that the fan consensus on a rookie’s potential is more accurate than a team’s front office.”

Teherany stressed that the app won’t launch with a native token, distancing itself from projects like Socios that hinge on token price. Instead, players will hold in-app value that reflects fan sentiment and game outcomes.

Why Somnia, Not Solana?

Asked why the team chose to build on Somnia instead of more established chains like Solana or Avalanche, Teherany pointed to both relationships and philosophy.

“Everything in this industry comes from authentic relationships,” he said. “When we met Herman Narula, it was an alignment of vision. He’s not chasing short-term token hype but is committed to building sports and entertainment on-chain for the long term. That gave us confidence that this wouldn’t just be valued on market speculation.”

The decision also came after lessons learned from a previous project, TracyAI, which Teherany said became too dependent on token performance. This time, the focus is on infrastructure, gamification, and sustainability.

Somnia’s Technical Edge

Somnia went live on Sep. 2, following a six-month testnet that processed over 10 billion transactions and onboarded 118 million wallets. Backed by UK-based metaverse company Improbable, the network is positioning itself as the fastest EVM-compatible chain, claiming to handle more than one million transactions per second with sub-second finality.

At launch, Somnia onboarded 60 validators, including Google Cloud, and has integrated with protocols like LayerZero, Sequence, and Thirdweb. Its native token, SOMI, has nearly doubled in value since launch and is already processing billions in daily volume.

For Teherany, Somnia’s traction adds credibility: “They’ve done billions in daily volume, bigger than some of the major exchanges. That’s a testament to what they’re building—and what we’re building on top of it.”

Road to Tip-Off

The project’s first major reveal is scheduled for Korea Blockchain Week, where Thompson will share his vision alongside Narula and Teherany. Attendees of Somnia House, the network’s flagship side event in Seoul on September 23, will get an early look at the app and roadmap.

“We want to make this as approachable as possible,” Teherany said. “The blockchain layer should feel invisible. Whether you’re a crypto native or just a basketball fan, you’ll be able to join, play, and help define the narrative of the sport.”



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US XRP ETF Launch Rockets to $24 Million in First 90 Minutes
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US XRP ETF Launch Rockets to $24 Million in First 90 Minutes

by admin September 18, 2025


Trading has officially opened for the first U.S. exchange-traded fund offering direct exposure to XRP. Listed on the CBOE under the ticker XRPR, the Osprey REX fund began trading at $25.80 against a net asset value of $25, starting small in scale but setting an important precedent. 

With initial assets of $625,000 and 25,000 shares outstanding, the fund provides regulated exposure to one of the world’s most widely traded digital assets via a standard brokerage account.

SEMI-SHOCK: Rex XRP ETF $XRPP is already at $24m in volume. That is way more than I would have thought. For context it’s 5x more than any of the XRP futures ETFs did on Day One and it’s only been 90min. pic.twitter.com/DKIDD6noZF

— Eric Balchunas (@EricBalchunas) September 18, 2025

XRPR holdings are split between CME’s CF XRP-Dollar Reference Rate (59%), CoinShares’ Physical XRP product (39%) and a small cash balance. This means that shares trade in the $25-$26 range rather than reflecting XRP’s price of $3.11 directly on crypto exchanges.

While the design did not surprise many on launch day, the volume did. Within just 90 minutes of trading, XRPR cleared $24 million in turnover, a figure five times higher than that achieved by any XRP futures-based ETF on its entire first day. 

What’s up with Dogecoin ETF DOJE?

Also sharing the stage is DOJE, the first U.S. Dogecoin ETF, which has also outperformed expectations. Bloomberg’s Eric Balchunas reported nearly $6 million in volume in the first hour, an extraordinary figure given that most ETFs struggle to exceed $1 million on day one.

Prices fluctuated between $27.11 and $26.43, while spot DOGE was trading at $0.282 on Binance.

The message from day one is clear: even without the support of Wall Street giants such as BlackRock, Osprey’s crypto ETFs have found buyers. XRP now has its first U.S. ETF representation, and Dogecoin has jumped from meme status to that of a regulated product — both achieving this with more force than anyone predicted.





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These 4 cryptos could soar as Eric Trump says stop betting against world’s largest cryptos
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Why is the crypto market going up today? (Sep. 18)

by admin September 18, 2025



The crypto market is going up today, Sept. 18, as investors cheer the start of interest-rate cuts by the Federal Reserve and as odds of exchange-traded fund approvals soar.

Summary

  • The crypto market is going up after the Federal Reserve interest rate decision.
  • The SEC is expected to start approving several altcoin ETFs like XRP and Cardano.
  • Futures open interest and shorts liquidations jumped.

Bitcoin (BTC) price rose to $117,500, while the market capitalization of all coins jumped to over $4.2 trillion.

Crypto market going up after the Federal Reserve cut

The main catalyst for the ongoing crypto market rally is the decision by the Federal Reserve to start cutting interest rates.

The Federal Open Market Committee slashed rates by 0.25% to a range of 4.00%–4.25%, while the dot plot pointed to further cuts in the coming meetings.

Therefore, while the rate cut was priced in, the crypto market is rising as the Fed was more dovish than expected. Before the meeting, most economists expected a hawkish cut because of the stubbornly high inflation rate.

Strong Bitcoin and Ethereum ETF inflows and the upcoming altcoin ETF approvals

The other reason for the ongoing crypto market rally is that the deadline for the approval of spot altcoin ETFs is nearing, and most investors expect the agency to approve some of them.

The odds of an XRP ETF approval have jumped to 97%, while those of Cardano (ADA) have risen to 87%. In anticipation of this, the SEC approved the generic listings standards that will allow them to launch without going through the lengthy process in the future.

BOOM: SEC has approved the generic listings standards that will clear way for spot crypto ETFs to launch (without going through all this bs every time) under ’33 Act so long as they have futures on Coinbase, which currently incl about 12-15 coins. pic.twitter.com/E9FXrniXRS

— Eric Balchunas (@EricBalchunas) September 17, 2025

Meanwhile, demand for existing Bitcoin and Ethereum ETFs has continued rising this month. Bitcoin ETFs have added more than $2.5 billion in assets this month, bringing total inflows to $57.3 billion. Similarly, Ethereum ETFs have added more than $146 million in assets this month.

Rising open interest and shorts liquidations

The crypto market is also rising as the futures open interest rise and shorts liquidations rise.

CoinGlass data shows that futures open interest jumped by 3.28% in the last 24 hours to $227 billion, while short positions worth more than $402 million were liquidated.

110,500 traders were liquidated in the last 24 hours, with the biggest one being a Bitcoin short worth over $42 million. 





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September 18, 2025 0 comments
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Vitalik Buterin Defends Ethereum Staking Exit Times Amid Industry Criticism

by admin September 18, 2025



In brief

  • Ethereum founder Vitalik Buterin has defended the network’s long exit times for unstaking ETH.
  • Exit times for unstaking ETH now exceed 40 days and have drawn criticism from within the crypto industry.
  • Buterin argued that friction in unstaking is necessary to maintain Ethereum’s security.

Ethereum co-founder Vitalik Buterin has defended the network’s long exit times for unstaking ETH, arguing that the delays are a deliberate safeguard to preserve trust in the chain.

The remarks come as exit times stretch beyond 43 days for validators leaving staking, prompting criticism from industry figures who say the process undermines usability.

“It’s more like a soldier deciding to quit the army. Staking is about taking on a solemn duty to defend the chain,” Buterin tweeted. He explained that, “Friction in quitting is part of the deal. An army cannot hold together if any percent of it can suddenly leave at any time.”

It’s more like a soldier deciding to quit the army.

Staking is about taking on a solemn duty to defend the chain. Friction in quitting is part of the deal. An army cannot hold together if any percent of it can suddenly leave at any time.

That’s not to say that the current…

— vitalik.eth (@VitalikButerin) September 17, 2025

“Troubling” ETH staking exit delays

Staking on Ethereum allows validators to earn rewards for attesting to and proposing blocks. Exiting staking fully requires validators to leave a queue, which can stretch for weeks depending on how many others are also trying to leave.

The average wait time to enter the staking queue currently sits at about seven days, while the exit time has climbed to 43 days and six hours, according to Validator Queue. With over one million validators and 35.6 million ETH staked—nearly 30% of all ETH—the process has slowed considerably.

The delays have spurred public debate. Galaxy Digital’s head of DeFi, Michael Marcantonio said earlier this week that the exit queue length was “troubling,” contrasting Ethereum’s six-week wait with Solana’s two-day unstaking period.

“Unclear how a network that takes 45 days to return assets can serve as a suitable candidate to power the next era of global capital markets,” he tweeted, before later deleting the post.



Marcantonio’s critique drew sharp pushback and rumours that he was forced to delete the post by Galaxy Digital.

Former Consensys product manager Jimmy Ragosa accused Galaxy of fueling “relentless ETH FUD,” warning that Ethereum-aligned businesses are reconsidering ties with the firm.

Solana supporters, including Mike Dudas, rallied behind Galaxy, casting Ethereum as clunky compared to its rivals. The firm bought over $700 million in SOL over a two day period last week as part of a purchase linked to its backing of a Solana-based treasury firm.

Buterin acknowledged the need for improvement at the user experience level, noting that the Ethereum Foundation has been working to address these concerns.

“In general the EF needs to be more active at the UX layer — which has already been happening for the past ~6 months, but ramping up takes time,” he wrote.

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September 18, 2025 0 comments
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Arca CIO Says Crypto Isn’t in a Bull Market and Explains Why Some Tokens Outperformed
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Arca CIO Says Crypto Isn’t in a Bull Market and Explains Why Some Tokens Outperformed

by admin September 18, 2025



The chief investment officer of digital asset manager Arca is challenging the idea that 2025 represents a broad-based crypto bull market, arguing that only a handful of large-cap tokens are carrying the industry.

In an X thread posted Tuesday, Jeff Dorman wrote that “more than 75% of tokens in our coverage universe are negative year-to-date, and more than 50% of tokens are down 40% or more YTD.”

He added that some of the year’s few gainers have been “complete nonsense coins and memecoins that no serious investor would even look at,” citing litecoin LTC$115.80 and bitcoin cash BCH$646.06.

By contrast, the best-known names have done relatively well. Bitcoin BTC$117,157.54, ether (ETH), solana SOL$246.05, binance coin BNB$996.68 and XRP are all up between 20% and 40% this year, Dorman said.

He compared the dynamic to traditional finance, where large caps can rally while smaller stocks slump: “This is the TradFi equivalent of the DJIA and GameStop having a good year, while small caps are -40%.”

Dorman argued that this dispersion is ultimately healthy. Broad rallies, he said, breed complacency, while uneven performance forces investors to be more selective. “Nothing good comes from an everything rally, because no one learns anything,” he wrote. When weaker projects falter, he added, investors “start to ask questions like ‘how are you doing this?’”

Unlike in past cycles, he said, investors in 2025 cannot simply rely on momentum across altcoins. Instead, they must prioritize projects with tangible business models. “Own stocks and tokens that actually make money & buy back their own tokens with the profits,” Dorman said. “The days of throwing darts to make a fortune are over (i.e. Alt Season isn’t a thing).”

‘FAANG’ of crypto

According to Dorman, the tokens and companies that have held up in 2025 generally fall into a few categories.

Assets connected to exchange-traded funds or digital asset trusts, such as BTC, ETH and SOL, are leading the way.

Crypto-related equities have also performed well, including Circle, Galaxy Digital, Coinbase and miners like Iris Energy and TeraWulf.

He also pointed to what he called “U.S. government coins,” namely XRP and Chainlink’s LINK token.

Finally, Dormann noted that revenue-generating tokens that distribute value back to holders — among them Hyperliquid’s HYPE, Pump.fun’s PUMP, Maple Finance’s MPL/SKY — have stood out as relative winners.

Earlier this year, Dorman had floated the idea of a crypto equivalent to the “FAANG” stocks. He suggested an acronym called the “BACHELORS”, naming tokens such as BNB, AERO, CAKE, HYPE, ENA, LEO, OKB, RAY and SKY (MKR). In his Sept. 16 thread, he updated that list to the “BARHEAPs,” incorporating newer projects like PUMP.

For Dorman, the lesson of 2025 is that crypto’s growth story is more complicated than headline gains might suggest. He argued that calling the year a “bull market” is misleading, since at best it represents a narrow cycle led by a few majors and select revenue-focused projects.

“The reason this has been a hard bull market is because it’s barely even a good year for crypto, let alone a bull market,” he wrote.



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Top 2 Scenarios for Bitcoin Price Revealed
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Top 2 Scenarios for Bitcoin Price Revealed

by admin September 18, 2025


Bitcoin’s chart has boiled down to a coin toss between two very different futures. Data from Glassnode’s MVRV Extreme Deviation Pricing Bands now highlights $115,440 as the pivotal price point — the line that separates continued growth from a potential market correction that could affect every crypto investor.

Market Value to Realized Value, or MVRV, acts as a compass for Bitcoin. It compares the market price to what investors actually paid, creating “bands” that reveal when traders are either overly greedy or on the verge of panic.

Currently, Bitcoin is trading at around $116,826, barely holding onto the orange band, meaning the market is on a threshold that could easily propel the price higher or cause it to fall.

Scenarios

Scenario 1: If the line is held, the next target is $137,300. This band has historically been where sellers start to unload, securing outsized gains and cooling the rally. 

Scenario 2: Lose this, and Bitcoin will not just drift lower — it will fall into open space, down to $93,600. That’ is a $23,000 drop that would take the price back to where the year’s accumulation began.

Bitcoin is already trading at more than double its realized price of $53,345, meaning the market is operating well within the zone where emotions dictate moves. Liquidity is low, ETF inflows are competing with speculators and macro forces — such as the direction of the Fed’s policy — are affecting sentiment every other week.

Traders do not need to overcomplicate things — all eyes are on $115,440. If the current level holds, sentiment will turn bullish again. If it falls, the market will be given a reality check that could undo months of growth in one go.



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PENGU price eyes 20% rally as Pudgy Penguins gain Wall Street spotlight
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PENGU price eyes 20% rally as Pudgy Penguins gain Wall Street spotlight

by admin September 18, 2025



PENGU price could potentially rally toward $0.045, on the back of a multi-year partnership with NYSE‑listed Bullish, and a surge in NFT sales.

Summary

  • PENGU price is up 11% in the past 24 hours.
  • The token has broken out of a falling edge that points to a potential rally to $0.045 in the short term.

According to data from crypto.news, Pudgy Penguins (PENGU) rose 11% over the past day to an intraday high of $0.037 while bringing its market cap to over $2.34 billion at press time. At this price, the token is up 37% from its monthly low and 870% above its lowest point this year.

Trading volume for PENGU stood 87% higher than the previous day. Additionally, open interest in PENGU futures rose by 21%, while the weighted funding rate has remained positive for the past 13 days, indicating that a growing number of traders are taking bullish positions on the token.

There are two main catalysts that have driven the PENGU price up today.

First, the Pudgy Penguins team revealed in a Sep. 18 X post that the project, along with its token, was featured in the Q2 earnings report and conference call of Bullish, a company that recently secured a U.S. stock exchange listing following a highly successful IPO that raised $1.1 billion and valued the firm at $5.4 billion.

One of the key highlights from the call was a 4‑year, multi‑product agreement with Igloo Inc., the parent company behind Pudgy Penguins.

PENGU likely benefited from the increased visibility and institutional credibility gained through this partnership with a publicly listed company, potentially attracting more investor interest and improving engagement across both its NFT and token ecosystems.

PENGU’s rally was also supported by a rebound in Pudgy Penguin NFT sales following a period of muted trading activity over the past week. In the past 24 hours, NFT sales surged by over 140%, while the number of buyers and sellers increased by 71% and 128%, respectively.

On the daily chart, PENGU has confirmed a breakout from a falling wedge in which it had been consolidating for multiple weeks. The bullish reversal pattern is formed when an asset’s price action creates converging downward slopes. A breakout from it typically leads to a sharp rally over the short term.

PNEGU price has confirmed a breakout from a falling wedge on the daily chart — Sep. 18 | Source: crypto.news

On a broader timeframe, the falling wedge acts as the handle of a larger cup-and-handle pattern that has been developing since the start of this year.

A cup-and-handle structure is typically characterized by a rounded bottom (the cup) followed by a short-term downward drift (the handle). A breakout from this pattern usually leads to much stronger gains over a longer period of time.

A look at momentum indicators such as the MACD shows a positive crossover, with growing green histograms, a sign of the bulls’ increasing dominance over bears. 

On top of that, the Relative Strength Index, which measures the speed and magnitude of recent price changes, has moved above 62. When this metric stands above 60, it indicates that buyers are exceeding sellers. Since it is still below the overbought level of 70, PENGU still has room to run before facing potential sell-side risk.

Based on this setup, PENGU is now eyeing a move toward $0.045, which marks both its July peak and the measured target from the falling wedge breakout. The target lies around 20% above the current price level.

A decisive break above the cup-and-handle neckline at $0.047 would confirm the broader bullish structure and pave the way for stronger upside momentum.

On the downside, a decline beneath the $0.027 support would invalidate this setup and signal weakness in the trend.

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



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  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?
  • How to Unblock OpenAI’s Sora 2 If You’re Outside the US and Canada
  • Final Fantasy 7 Remake and Rebirth finally available as physical double pack on PS5
  • The 10 Most Valuable Cards

Recent Posts

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal

    October 10, 2025
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?

    October 10, 2025
  • How to Unblock OpenAI’s Sora 2 If You’re Outside the US and Canada

    October 10, 2025
  • Final Fantasy 7 Remake and Rebirth finally available as physical double pack on PS5

    October 10, 2025
  • The 10 Most Valuable Cards

    October 10, 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

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal

    October 10, 2025
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?

    October 10, 2025

Newsletter

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

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