Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop
Tag:

13m

Us Judge Clears $13M Blockfi Settlement Amid Investor Claims
GameFi Guides

US Judge Clears $13M BlockFi Settlement Amid Investor Claims

by admin August 23, 2025



A US court has moved swiftly to clear a $13-million settlement in the BlockFi investor lawsuit, signaling long-awaited relief. In a Thursday filing, Judge Claire Cecchi of New Jersey ordered BlockFi’s insurers to deposit the funds into escrow within 30 days. The decision followed months of delay caused by objections from an investor. A final approval hearing will now take place on December 11.

This decision addresses claims made by over 89,000 BlockFi customers who had interest-bearing accounts from March 2019 to November 2022. The corporation was charged in the 2023 class-action lawsuit of marketing unregistered securities and deceiving investors by having senior officials make false representations on multiple occasions.

Investor Claims and Bankruptcy Fallout

The complaint, which was led by Trey Greene, says the CEO Zac Prince and COO Flori Marquez ignored the warnings from their risk team. They are alleged to have made loans to Alameda Research, which contributed to BlockFi’s collapse during the market crash of 2022. 

As a result, the company filed for bankruptcy after the Terra collapse set off a chain reaction of failures at Celsius, Voyager, and FTX.

Besides the settlement, BlockFi has been attempting to repay customers under its Chapter 11 plan. Last year, the company secured an $875-million agreement with FTX and Alameda to resolve disputes. 

Moreover, it has promised to complete final distributions to creditors, although significant amounts remain unclaimed. In April, the BlockFi Estate confirmed on X: “There are still significant amounts of USD and crypto that have not been claimed by customers.”

Wider Industry Crackdown

The BlockFi case comes as regulators and law enforcement tighten oversight of crypto-related misconduct. Interpol revealed this week that Operation Serengeti 2.0 dismantled 25 illegal crypto mines in Angola. The raid seized $37 million in equipment and shut down 45 illicit power stations. 

Additionally, authorities have apprehended over 1,200 cybercriminals who were targeting around 88,000 victims across the globe.

The recent BlockFi settlement shows that courts demand accountability, while regulators ramp up their initiatives to address the dangers associated with risky crypto practices.

Also Read: VanEck Files First JitoSOL Liquid Staking ETF in U.S.



Source link

August 23, 2025 0 comments
0 FacebookTwitterPinterestEmail
Kulr Strengthens Bitcoin Bet With $13M Btc Purchase
GameFi Guides

KULR Strengthens Bitcoin Bet with $13M BTC Purchase

by admin June 10, 2025



KULR Technology Group is stepping deeper into the Bitcoin game. The energy storage company has picked up 118 more BTC this week and signed on to the Bitcoin for Corporations initiative, a project aimed at helping public companies navigate the shift toward Bitcoin-backed treasuries.

With this new purchase, KULR now holds 920 BTC, worth around $91 million in total. The company spent about $13 million on the latest batch, buying at a weighted average price of $107,861 per coin, including fees. Across all purchases, its average cost basis sits at $98,760 per BTC.

The announcement also marks KULR’s official entry into Bitcoin for Corporations, a joint effort by Strategy and Bitcoin Magazine that connects companies interested in adding Bitcoin to their balance sheets. Members get access to tools, frameworks, and a peer network focused on long-term BTC treasury strategy.

KULR’s interest in Bitcoin isn’t new. The company has been scaling its Bitcoin reserves since late 2024, when it restructured its treasury model to become what it now calls a “Bitcoin First” company. Since then, it has committed to parking up to 90% of its excess cash into Bitcoin.

KULR has recently acquired 118.6 BTC for ~ $13 million at ~ $107,861 per #bitcoin and has achieved BTC Yield of 260% YTD. As of 6/5/25, we hodl 920 $BTC acquired for ~ $91 million at ~ $98,760 per bitcoin. $KULR pic.twitter.com/3S8G91UYrV

— Michael Mo (@michaelmokulr) June 9, 2025

In a statement, CEO Michael Mo said the decision reflects the company’s belief in Bitcoin’s long-term role as a monetary asset. “Our commitment to Bitcoin for Corporations reflects a strong conviction in Bitcoin’s long-term value as a monetary asset,” he said.

So far in 2025, KULR has generated a 260% yield on its BTC holdings, fueled by both cash and equity-based funding through its At-The-Market program.

While most corporate Bitcoin headlines have focused on tech firms and miners, KULR’s presence stands out. Its core business is in energy systems, primarily for aerospace, defense, and space applications. But its financial strategy now reads like a playbook from the crypto-native world.

KULR’s stock has been slowly responding. It last traded around $1.23, up just over 4% on the day of the announcement.

By joining the BFC initiative, KULR joins a growing circle of companies treating Bitcoin not as a speculative asset, but as a reserve asset, one that could hedge against inflation, volatility, and a weakening fiat environment.

Also Read: Bitcoin Treasury Adoption Soars as Belgravia Hartford Buys BTC





Source link

June 10, 2025 0 comments
0 FacebookTwitterPinterestEmail
Michael Saylor Predicts Bitcoin Soaring 12,328% To $13M By 2045
GameFi Guides

Michael Saylor Predicts Bitcoin Soaring 12,328% to $13M by 2045

by admin June 7, 2025



Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has once again doubled down on his bullish Bitcoin outlook. Speaking on CNBC’s Squawk Box, Saylor predicted that Bitcoin could reach a jaw-dropping $13 million per coin by 2045, representing a 12,328% surge from current levels.

Saylor first made this bold prediction at the 2024 Bitcoin Conference in Nashville, projecting a 29% annual return. Now, he’s even more optimistic, raising that to a 40% annual growth rate, which could push Bitcoin to $13 million even sooner.

Source: YouTube

What is the reason behind his self-assurance? He mentioned that Bitcoin’s limited supply, more interest from institutions, and positive changes in regulations were driving its growth. 

He pointed out that over 100 public companies already have Bitcoin on their books, and the number is growing every week. Assets under management by Bitcoin ETFs, which now total more than $122 billion, are also helping to increase mainstream adoption.

Strategy, Saylor’s firm, continues to lead the corporate Bitcoin charge. The company recently announced plans to raise nearly $1 billion through a preferred stock sale to fund further Bitcoin purchases. Joining Strategy’s aggressive push is Japan’s Metaplanet, which aims to raise $5.4 billion to invest more in Bitcoin.

Despite current prices sitting below $105,000, Saylor remains unfazed. He noted that Bitcoin’s supply remains limited, with only 450 new BTC released daily, mostly snapped up by ETFs and treasuries. 

The number of Bitcoins held on exchanges is at a 7-year low, showing strong institutional conviction. This shows strong institutional interest and confidence in Bitcoin’s future.

Also Read: Michael Saylor’s Strategy Announces $250M STRD Shares IPO to Buy More Bitcoin



Source link

June 7, 2025 0 comments
0 FacebookTwitterPinterestEmail
Nintendo Switch 2's Game Chat will seemingly support both live subtitles and text-to-speech
Esports

Ampere Analysis: Over 13m players expected to purchase Switch 2 in 2025

by admin June 6, 2025


Over 13 million players are expected to purchase a Nintendo Switch 2 in 2025, according to a new report from Ampere Analysis.

The data firm predicts that the console will move 32.2 million units next year, 51.2 million by 2027, and 104.3 million by the end of the decade.

It noted that while initial sales of the Switch 2 will be higher “due to pent up demand from existing Switch users,” the console will see a “slower rate of sales” by 2030.

It came to this conclusion due to US tariffs adding “a layer of uncertainty” to the Switch 2’s performance outlook, and there not being a “pandemic-driven surge” in sales like with the original Switch.

Looking at the overall console market, Ampere Analysis predicts that Nintendo’s hardware share will increase by almost 50% by 2027.

As for standing against other gaming handhelds like the Steam Deck and the PlayStation Portal, the data firm said these devices were not “a significant threat to Switch 2 adoption”.

“[These] are niche in terms of sales and are often priced significantly higher than Nintendo’s new console, while offering a different experience,” it explained.

In fact, Ampere Analysis predicts that Switch 2 sales will surpass the lifetime sales of “the entire PC gaming handheld category” in its launch year.

For example, it highlighted how “56% of Steam Deck owners also use a Nintendo Switch” but only “1.3% of Switch owners consider the Steam Deck to be their primary console device”.

As for Switch 2 software, Ampere Analysis expects new titles to represent “a $7 billion to $8 billion market over the next two years, growing to $10 billion in 2028”.

Much like the original Switch, the Switch 2 didn’t launch with many day one titles. However, the data firm emphasised how Switch 2 ‘Edition’ games and upgrades to previous titles will encourage existing Switch owners to spend more on the new console.

It also identified the strength of third-party content for Switch 2, which will “bring Nintendo into more direct competition with Sony and Xbox consoles” with blockbuster ports of titles such as Cyberpunk 2077 and Final Fantasy 7 Remake.

Nintendo’s partnership with FromSoftware to produce The Duskbloods as a Switch 2 exclusive will also help “engage part-time Switch users” in focusing more of their attention on the console compared to PlayStation and Xbox, the firm said.

Elsewhere, Ampere Analysis suggested there was an “untapped opportunity” for Nintendo to utilise in-game monetisation on its platforms.

In 2024, it held a 4% share of the console market for in-game and DLC monetisation compared to 31% and 65% on Microsoft and Sony platforms, respectively.

It predicts that by 2027, Nintendo’s share could more than double to 10% if the platform holder focuses its efforts on this area of its business.



Source link

June 6, 2025 0 comments
0 FacebookTwitterPinterestEmail

Categories

  • Crypto Trends (1,005)
  • Esports (757)
  • Game Reviews (692)
  • Game Updates (885)
  • GameFi Guides (997)
  • Gaming Gear (952)
  • NFT Gaming (980)
  • Product Reviews (941)
  • Uncategorized (1)

Recent Posts

  • Ratatan carries the musical torch for Patapon fans
  • Ethereum Price Hits All-Time High of $4,948, Eyes $5,000 Next
  • Hollow Knight Just Hit An All-Time Peak On Steam After Silksong Release Date Reveal
  • Get up to 35 percent off Anker wireless chargers ahead of Labor Day
  • What Does Bitcoin Do? Strategy’s Saylor Answers With Just 2 Words

Recent Posts

  • Ratatan carries the musical torch for Patapon fans

    August 25, 2025
  • Ethereum Price Hits All-Time High of $4,948, Eyes $5,000 Next

    August 25, 2025
  • Hollow Knight Just Hit An All-Time Peak On Steam After Silksong Release Date Reveal

    August 25, 2025
  • Get up to 35 percent off Anker wireless chargers ahead of Labor Day

    August 25, 2025
  • What Does Bitcoin Do? Strategy’s Saylor Answers With Just 2 Words

    August 25, 2025

Newsletter

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

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

  • Ratatan carries the musical torch for Patapon fans

    August 25, 2025
  • Ethereum Price Hits All-Time High of $4,948, Eyes $5,000 Next

    August 25, 2025

Newsletter

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

@2025 laughinghyena- All Right Reserved. Designed and Developed by Pro


Back To Top
Laughing Hyena
  • Home
  • Hyena Games
  • Esports
  • NFT Gaming
  • Crypto Trends
  • Game Reviews
  • Game Updates
  • GameFi Guides
  • Shop

Shopping Cart

Close

No products in the cart.

Close