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Bitcoin (BTC) Price News: Risks Sliding to $100K
NFT Gaming

Bitcoin (BTC) Price News: Risks Sliding to $100K

by admin September 1, 2025



This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin BTC$107,682.68 has breached key support levels in a sign of increasing bearish momentum that suggests a risk of a slide to $100,000.

The leading cryptocurrency by market value fell 6.5% in August, ending the four-month winning streak as the U.S.-listed spot exchange-traded funds (ETFs) bled $751 million, according to data source SoSoValue.

The recent price drop saw bitcoin break below several key support levels, including the Ichimoku cloud, and the 50-day and 100-day simple moving averages (SMAs). It also pierced crucial horizontal support zones formed by the May high of $111,965 and the December high of $109,364, according to the daily chart sourced from TradingView.

BTC’s daily chart. (TradingView/CoinDesk)

These breakdowns underscore growing market weakness, confirming a bearish shift in key momentum indicators such as the Guppy Multiple Moving Average (GMMA) and the MACD histogram.

The short-term exponential moving average (EMA) band of the GMMA (green) has crossed below the longer-term band (red), signaling a clear bearish momentum shift. Meanwhile, the weekly MACD histogram has dropped below zero, indicating a transition from a bullish to a bearish trend.

Together, these signals indicate a likelihood of a sustained sell-off, potentially driving the price down to the 200-day simple moving average (SMA) at $101,366, and possibly to the $100,000 mark.

The negative technical outlook aligns with seasonal trends, which show September historically as a bearish month for bitcoin. Since 2013, BTC has delivered an average return of -3.49%, closing lower in eight of the past 12 September months, according to data from Coinglass.

As for bulls, overcoming the lower high of $113,510 set on Aug. 28 is crucial to negating the bearish outlook.

BTC’s daily and weekly charts. (TradingView/CoinDesk)

  • Support: $105,240 (the 38.2% Fib retracement of the April-August rally), $101,366 (the 200-day SMA), $100,000.
  • Resistance: $110,756 (the lower end of the Ichimoku cloud), $113,510 (the lower high), $115,938 (the 50-day SMA).



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September 1, 2025 0 comments
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Silver Overtakes Bitcoin by Market Cap
NFT Gaming

Silver Overtakes Bitcoin by Market Cap

by admin September 1, 2025


Silver has now surpassed Bitcoin by market capitalization following the precious metal’s most recent price surge.

The two assets are currently valued at $2.27 trillion and $2.18 trillion, respectively.

The white metal is currently experiencing yet another breakout alongside gold, recently surging by nearly 3%. This comes after the Saudi Central Bank recently revealed fresh investments in silver-linked ETFs.

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Meanwhile, Bitcoin is struggling to revive its bullish momentum, currently trading below the $109,000 level after reaching its current all-time high of $124,128 earlier this month.

Will gold keep outperforming Bitcoin?

Mike McGlone, chief commodity strategist at Bloomberg Intelligence, has predicted that Bitcoin will keep underperforming gold.

$100,000 Bitcoin Has Fueled Gold; How Enduring?
It’s been about 10 months since Bitcoin first closed above $100,000, and the decisive winner has been gold. Will the trend reverse? History suggests the rock is poised to keep outperforming, particularly if the US stock market… pic.twitter.com/RPj7KuNMpR

— Mike McGlone (@mikemcglone11) August 30, 2025

The yellow metal is so far up by 13% against BTC, proving to be a way safer “safe haven” bet compared to the original cryptocurrency.

“History suggests the rock is poised to keep outperforming, particularly if the US stock market weakens,” McGlone said in a recent social media post.





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September 1, 2025 0 comments
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Ethereum gaming network XAI sues Elon Musk's AI company
NFT Gaming

Ethereum Foundation pauses Ecosystem Support Program’s open grant applications

by admin September 1, 2025



The Ethereum Foundation is pausing all open grants applications as the entity’s Ecosystem Support Program transitions to a new growth chapter.

Summary

  • Ethereum Foundation has paused open grants in its support program as it eyes transition to a new model.
  • The Ecosystem Support Program awarded over $13 million to 105 projects in 2024.

The Ethereum Foundation, a key player in the Ethereum (ETH) blockchain ecosystem, is taking a new approach in the support for builders. 

On Aug. 29, the EF announced that the Ethereum Support Program, which launched as a grants program in 2018 and aimed at offering grants to projects helping to advance Ethereum’s growth, is taking a new direction.

The move follows a recent overhaul of the foundation’s vision and approach to ecosystem development.

EF is looking at a structure aimed at streamlining processes and enhancing efficiency, hence a more proactive funding model for builders, according to the update. Latest changes follow the foundation’s shake up of its structure in June 2025, including cutting of the core team amid broader reorganization.

Funding Ethereum’s builders

Evolving the funding model aligns with Ethereum’s growth, which currently sees over $91 billion in total value locked in decentralized finance and more than $148 billion in stablecoin market cap. Scaling this network amid developer activity aimed at accelerating adoption necessitates that the funding approach mirrors the traction.

“As part of this transition, we have temporarily paused open grant applications. This change will enable us time to redesign in a way that redirects our focus toward strategic initiatives, moving from a reactive model to a more proactive one that also supports the priorities of other EF teams,” the Ecosystem Program Support team wrote.

In 2024, the grants program saw nearly $3 million in funding awarded to 105 projects, including across developer tooling, data and analytics, research and education. Specific projects that benefited included Commit-Boost, BundleBear, Web3Bridge and Ethereum Cypherpunk Congress.

Although open grant applications are temporarily paused, the Ethereum Foundation through the ESP team plans to continue support for all active grant beneficiaries. The team will also share more details for the new model and refined priorities  in the fourth quarter of 2025.



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September 1, 2025 0 comments
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NFT Gaming

August ETF Flows Show the Massive Scale of Bitcoin to Ethereum Rotation

by admin September 1, 2025



Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

August delivered a rare reversal in the ETF tide: Bitcoin spot funds shed $751 million in net outflows just weeks after powering the asset to a $124,000 all-time high, while Ethereum ETFs quietly absorbed $3.9 billion, according to market data.

The divergence is striking because it marks the first time since both products launched that BTC ETFs have lost ground, while Ethereum ETFs have posted strong inflows in the same month, suggesting that institutional investors may be rebalancing their exposure.

(SoSoValue)

On-chain data underscores Bitcoin’s fragility. A recent report from Glassnode shows BTC slipping below the cost basis of 1- and 3-month holders, leaving short-term investors under water and raising the risk of deeper retracement. A sustained move beneath the six-month cost basis near $107,000 could accelerate losses toward the $93,000–$95,000 support zone, where a dense cluster of long-term holders last accumulated.

Prediction markets are echoing that caution. Polymarket traders now assign a 65% chance that BTC revisits $100,000 before $130,000, while only 24% expect it to hit $150,000 by year-end. That shift suggests investors see the July rally as overextended without renewed ETF demand to back it.

Ethereum, meanwhile, has benefited from steadier inflows. ETH ETFs have logged positive net subscriptions in 10 of the last 12 months, and August’s $3.9 billion haul helped the token notch a 25% gain over 30 days despite a rough week.

With Bitcoin’s ETF tide flowing out, Ethereum’s steadier institutional bid may be emerging as a quiet ballast and perhaps the start of a rotation story heading into year-end.

Market Movements:

BTC: Market observers say crypto charts look so bearish they could be bullish, according to prior CoinDesk reporting, as BTC trades below 108k, with forced liquidations clearing leverage and a rebound likely after the Fed’s Sept. 17 decision.

ETH: Polymarket traders see Ethereum holding above $3,800 into September 5 with over 90% odds, while longer-term bets give it a 71% chance of finishing 2025 above $5,000 and slimmer odds of $10,000 or higher.

Gold: Gold climbed toward record highs as traders priced in Fed rate cuts, a weaker dollar, and political uncertainty following challenges to the central bank’s independence.

Nikkei 225: The Nikkei 225 looked set to open lower as investors weighed a U.S. court ruling against Trump’s tariffs, China-India ties, and upcoming manufacturing data.

Elsewhere in Crypto:

  • Justin Sun eyes ‘Swift’ for virtual asset sector, praises Hong Kong crypto moves (SCMP)
  • Trump-Backed USD1 to Supplant Tether, USDC as Top Stablecoin by 2028: Blockstreet (Decrypt)
  • WLFI derivatives volume jumps 400% ahead of World Liberty’s first token unlock on Monday (The Block)



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September 1, 2025 0 comments
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XRP Price Prediction for August 31
NFT Gaming

XRP Price Prediction for August 31

by admin September 1, 2025


Neither bulls nor bears are dominating on the last day of the week, according to CoinMarketCap.

Top coins by CoinMarketCap

XRP/USD

The rate of XRP has risen by 0.48% over the last day.

Image by TradingView

On the hourly chart, the price of XRP is breaking the local support of $2.8180. If a breakout happens and the daily bar closes below that mark, the correction is likely to continue to the $2.80 range by tomorrow.

Image by TradingView

On the bigger time frame, the rate of XRP is bearish as it is approaching the support of $2.7387.

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If a breakout happens, the accumulated energy might be enough for a test of the $2.60-$2.70 zone soon.

Image by TradingView

A similar picture is on the weekly chart. At the moment, traders should pay attention to the bar closure in terms of the $2.7387 level. If bulls cannot seize the initiative, there is a chance of a more profound correction to the $2.50 mark.

XRP is trading at $2.8191 at press time.



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September 1, 2025 0 comments
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Arkham reveals UAE’s $700m Bitcoin holdings originating from mining
NFT Gaming

Bitcoin price crashes ahead of options expiry as a risky pattern forms

by admin September 1, 2025



Bitcoin price is on track to drop for three consecutive weeks as traders brace for a $15 billion options expiry and as risky chart patterns form on the weekly chart. 

Summary

  • Bitcoin price has crashed for three consecutive weeks.
  • BTC and Ethereum options worth over $15 billion will expire today.
  • Technical analysis points to more BTC price dips.

Bitcoin (BTC) price plunged to $108,000 on Friday, Aug. 29, down significantly from the all-time high of $124,200, and there is a risk that the downtrend could continue if it loses a key support. 

Bitcoin price tumbles ahead of a key options expiry

Crypto and stocks often plunge or remain highly volatile ahead of a major options expiry. It is common for the stock market to plunge ahead of he triple-witching event when options of stocks and indices expire. 

Bitcoin price is dropping as investors wait for a major options expiry worth over $15 billion. Data compiled by Deribit, one of the top derivatives exchanges, shows that short sellers target a Bitcoin dive to between $95,000 and $110,000.

More data by CoinGlass shows that options open interest has jumped in the last three days, reaching a high of $57 billion on Friday. A rising options open interest is common towards a major expiry. 

Bitcoin options open interest | Source: CoinGlass

Bitcoin price often rebounds a few days after the options expiry date, and this could happen soon as the weighted funding rate has remained positive in the past few months.

The risk this time is that the expiry is happening at a time when investors are embracing a risk-off sentiment. For example, the top indices like the Nasdaq 100 and the Dow Jones dropped by 1.10% and 0.35% on Friday, with Nvidia leading the losses. They also dropped after a report pointed to sticky consumer prices in the US. 

BTC price risky chart pattern is concerning

Bitcoin price chart | Source: crypto.news

The other notable risk is that Bitcoin has been slowly forming a highly risky pattern since March last year. The weekly logarithmic chart pattern shows that it has formed an ascending wedge pattern.

Its upper line connects the higher highs since March 11 last year, while the lower line links the lowest levels since August. These lines are nearing their convergence, risking a stronger crash in the coming weeks. 

The bearish BTC price forecast will be confirmed if the coin drops below the lower side of the wedge pattern at $105. If this happens, there is a risk it could plunge to the support at $74,470, its lowest level in April.

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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September 1, 2025 0 comments
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Biggest Bitcoin Skeptic Schiff Warns Top Might Be In
NFT Gaming

Biggest Bitcoin Skeptic Schiff Warns Top Might Be In

by admin August 31, 2025


The weekly chart of Bitcoin is showing strong warning signs, and now Peter Schiff, one of the loudest critics of the asset, has added fuel to the debate by suggesting the peak could already be behind us.

Schiff, who has always been more into gold than crypto, talked about a post comparing past Q4 surges with today’s rally. In that rally, Bitcoin has gone above $108,000 and hit highs near $124,500.

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The comparison showed that Bitcoin has had explosive late-year runs in past cycles: 720% in 2013, 350% in 2017 and 59% in 2021.

It might be. The top must be made at some point so it may have already been made.

— Peter Schiff (@PeterSchiff) August 30, 2025

Today’s rally is showing triple-digit gains, but it hasn’t quite matched the historic blow-off tops yet. When asked if the ceiling had already been hit, Schiff gave a short but impactful answer.

It’s all in line with his overall view of economy

Schiff recently said he thinks gold will go up to $6,000 by the end of next year. But he also said that the dollar index might go down to 70, which is the lowest it’s been since the mid-2000s. He also expects more turbulence in gold, silver and stocks once U.S. markets reopen after the holiday weekend.

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The two sides are pretty clear in their arguments. Bitcoin supporters say the current cycle still has room to run and point to earlier Q4 melt-ups.

Schiff, on the other hand, sticks to his guns and says the asset is headed for disappointment in the long run. He thinks gold and Bitcoin go up and down together, so if one goes up, the other might go down.





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August 31, 2025 0 comments
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Bitcoin
NFT Gaming

Bitcoin Treasury Race Heats Up As Dutch Firm Shoots For $23-M Launch

by admin August 31, 2025


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

Dutch cryptocurrency service provider Amdax has announced that it raised over $23 million to establish a Bitcoin treasury company.

The new entity, called AMBTS, will be listed on Amsterdam’s Euronext stock exchange. According to reports, investors from the initial funding round have already committed the full $23.3 million.

Targeting A Massive Share Of Bitcoin

AMBTS has a goal that stands out in its ambition: to eventually acquire 210,000 BTC, or about 1% of the total Bitcoin supply that will ever exist.

At today’s prices, that amount is worth more than $23 billion. The company says it wants to build value for its shareholders by expanding its Bitcoin holdings and increasing crypto per share, depending on market conditions.

Dutch crypto firm Amdax just launched a new Bitcoin treasury fund with €20M ($23M) in seed backing

The goal?
To eventually hold 1% of Bitcoin’s total supply (~210,000 $BTC)

And they’re doing it through a regulated listing on Euronext Amsterdam

This could be a game-changer… pic.twitter.com/Y6RQ30svso

— BlockchainBaller (@bl_ockchain) August 29, 2025

The move reflects a growing wave of companies taking the treasury approach with Bitcoin. This strategy, popularized in 2020 by Michael Saylor’s Strategy, has steadily gained ground among public companies and private firms alike.

While some corporations simply add BTC to their balance sheets, others have been set up entirely to accumulate the digital asset.

Companies Building Bitcoin Treasuries

The list of firms building reserves goes beyond crypto-focused businesses. Strategy, formerly MicroStrategy, holds over 632,000 BTC, the largest corporate stash. Tesla also keeps Bitcoin in reserve, while Block, Inc. (formerly Square) added it to its treasury as well.

BTCUSD currently trading at $108,462. Chart: TradingView

Japan’s Metaplanet is raising funds for more Bitcoin, and Dutch firm Amdax launched AMBTS to target 1% of supply. MercadoLibre and Norway’s Aker have also built reserves, showing the global spread of this trend.

Canadian video-sharing platform Rumble has also revealed holdings in digital currency, adding to the list of firms holding the asset as part of their long-term strategy.

On the other side, firms established with the sole intention of crypto acquisition are increasing their stacks. Each coin they add to their coffers takes more BTC out of circulation, which tightens supply.

Jockeying For Position

AMBTS, while still in its infancy, is putting itself squarely in the running for the treasury competition. Having raised $23.3 million and positioned itself to scale its holdings exponentially, the company has put itself among the increasingly large contingent of institutions viewing Bitcoin as a strategic reserve asset, not simply another investment.

Featured image from Unsplash, chart from TradingView

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





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August 31, 2025 0 comments
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Quid Miner launches new cloud mining contracts to provide passive income
NFT Gaming

Quid Miner launches new cloud mining contracts to provide passive income

by admin August 31, 2025



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

As Bitcoin and XRP ETFs rise, Quid Miner offers investors passive income opportunities.

Summary

  • Quid Miner has rolled out new cloud mining options to mine BTC, ETH, DOGE, XRP and more.
  • The company turns crypto mining into passive income with AI optimization and no hardware.
  • Green energy, bank-grade security, and simple setup make Quid Miner steady and reliable.

London, UK – August 2025 — The crypto market is once again testing investors’ nerves. Bitcoin (BTC), after weeks of strong ETF inflows surpassing $2 billion, surged toward record highs before a sudden pullback erased much of the gains.

Ethereum (ETH) wavered around its latest network upgrades, fueling both optimism and anxiety. Meanwhile, XRP ETF speculation dominates headlines as regulators in the U.S. and Europe weigh potential approval.

The paradox is clear: institutional capital keeps flowing in, regulations are clearer than ever, yet retail investors remain uneasy.

Why investors want cash flow, not just price action

For much of the last decade, the mantra was simple: buy and hold. Today, that feels increasingly risky. A London-based wealth advisor compared it bluntly:

“Telling a young investor to hold Bitcoin  for 20 years is like asking them to ride a roller coaster without a seatbelt.”

The CLARITY Act in the U.S. and Europe’s MiCA framework have given crypto unprecedented legitimacy. But legitimacy doesn’t erase volatility. 

Investors — from overseas families managing remittances to professionals planning retirement — now want predictable cash flow, more like a pension payout than a gamble on daily prices.

Quid Miner: From volatility to daily income

This is where Quid Miner comes in. Founded in London in 2010 and offering cloud mining services since 2018, the platform reframes mining infrastructure as a source of steady income.

  • No hardware required. Users rent computing power directly from Quid Miner’s secure network.
  • Daily payouts. Rewards are credited every 24 hours, similar to bond coupons or pension checks.
  • AI optimization. The system automatically directs resources to the most profitable assets — including BTC, ETH, XRP, SOL, DOGE, LTC, BCH, and USDT.
  • Green energy. Data centers across North America, the Middle East, and Central Asia run on wind and solar, aligning with ESG mandates.

As the Quid Miner team explains:

“We don’t see mining as speculation. We see it as infrastructure — a way to turn volatility into steady income.”

Why this model resonates with global investors

Instead of treating crypto as a lottery, Quid Miner positions itself as a financial gearbox: converting chaotic market energy into steady torque. For many, this is less about chasing the next bull run and more about securing a reliable income stream.

1. Predictable Yield — Daily credits help balance volatility, appealing to long-term planners.

2. Seamless Access — Start earning with just a smartphone, no hardware or setup.

3. Bank-grade security —  assets and data are protected by a dual layer of McAfee® and Cloudflare®.

4. Support for multiple assets — mine BTC, ETH, DOGE, XRP, LTC and more, with strategies designed for a diversified crypto portfolio.

5. Sustainable by Design — All facilities powered by renewable energy, aligned with ESG standards.

How to start — three simple steps

  1. Sign Up for a Bonus — New users receive $15 in credits and can earn an additional $0.60 per day through daily check-ins.
  2. Register Instantly — Create an account with just an email and access the dashboard immediately.
  3. Choose a Plan & Start Earning — Select from flexible contracts tailored to an investor’s budget; profits are credited daily.

A shock absorber in a roller-coaster market

As Bitcoin ETFs attract pension funds and XRP ETF approval nears, investors are looking for more than speculation. They want crypto that works like a digital pension — compliant, predictable, and sustainable.

Quid Miner doesn’t erase volatility, but it acts like a shock absorber — smoothing the ride and transforming daily uncertainty into stable returns.

For investors tired of the roller coaster, Quid Miner represents something new: crypto as steady cash flow, a pension for the digital age.

 To learn more about Quid Miner, visit the official website and download the app. 

Email: [email protected]

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



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August 31, 2025 0 comments
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New XRP Billboard Unveiled by Top US Exchange in NYC
NFT Gaming

New XRP Billboard Unveiled by Top US Exchange in NYC

by admin August 31, 2025


Major US cryptocurrency exchange Gemini has stepped up its advertising campaign for its new XRP card, which was introduced earlier this week. 

The exchange has put up a huge billboard in New York City, which says “Spend Dollars, Earn XRP.” 

Questionable success

As reported by U.Today, the exchange initially teased the product earlier this month. 

When it was finally released, the card received rather mixed reception within the XRP community, with some of its members criticizing the product for failing to bring pretty much anything new to the table. 

Despite some negativity, multiple Ripple executives were busy showing off their XRP cards, which were launched in partnership with the enterprise blockchain company. 

As reported by U.Today, this helped the Winklevoss-led exchange to briefly overtake Coinbase on Apple’s App Store. 

The most recent advertising push shows that Gemini is determined to keep promoting the product. 



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August 31, 2025 0 comments
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