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NFT Gaming

Chainlink, UBS Advance $100T Fund Industry Tokenization via Swift Workflow

by admin September 30, 2025



Chainlink said it developed a technical process allowing banks to interact with tokenized investment funds through Swift, the interbank messaging system that underpins much of traditional finance.

In a pilot with UBS, Chainlink’s Runtime Environment (CRE) processed subscriptions and redemptions for a tokenized fund using ISO 20022 messages, the international standard for financial messaging used by Swift.

The blockchain workflows were triggered directly from UBS’s existing systems after CRE received the Swift messages. It then triggered the subscriptions or redemptions in the Chainlink Digital Transfer Agent, according to a press release shared with CoinDesk.

The setup lets banks access blockchain infrastructure using tools they already use, like Swift, while Chainlink’s infrastructure handles the rest.

The pilot builds on previous work from Project Guardian, a tokenization initiative led by Singapore’s central bank. The latest development adds in interoperability that enables institutions to use Swift to trigger on-chain events.

The launch comes after Chainlink announced a separate pilot with 24 global banks and financial infrastructure providers like DTCC and Euroclear. That project used Chainlink’s tools and AI to extract and standardize data from corporate action announcements, a process that currently costs the industry an estimated $58 billion annually.

Read more: SWIFT to Develop Blockchain-Based Ledger for 24/7 Cross-Border Payments



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September 30, 2025 0 comments
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Esports

Chase Elliott wins overtime sprint to advance in NASCAR playoffs

by admin September 29, 2025



Sep 28, 2025, 07:28 PM ET

KANSAS CITY, Kan. — Chase Elliott somehow stole Sunday’s race at Kansas Speedway, where he drove from eighth to the checkered flag during a two-lap overtime sprint to earn a spot in the third round of NASCAR’s playoffs.

It was a wild ending to a race that probably should have been won by Denny Hamlin, who dominated and led 159 laps until a bevy of late issues denied him his chance at career win No. 60 for Joe Gibbs Racing.

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The race had a slew of late cautions — Hamlin dropped from the lead to seventh on a slow pit stop — that put Bubba Wallace in position to win the race. A red-flag stoppage for Zane Smith flipping his car set up the final overtime restart and Wallace was holding tight in a door-to-door battle with Christopher Bell for the victory.

Then Hamlin came from nowhere to catch Wallace, who drives for the team Hamlin co-owns with Michael Jordan, and Wallace scraped the wall as he tried to hold off his boss. That’s when Elliott suddenly entered the frame and smashed Hamlin in the door to get past him for his second win of the season.

“What a crazy finish. Hope you all enjoyed that. I certainly did,” NASCAR’s most popular driver told the crowd after collecting the checkered flag.

Chase Elliott drove from eighth to the checkered flag during a two-lap overtime sprint at Kansas Speedway to earn a spot in the third round of NASCAR’s playoffs. Chris Graythen/Getty Images

Elliott joins Ryan Blaney as the two drivers locked into the third round of the playoffs. The field will be cut from 12 drivers to eight after next week’s race in Concord, North Carolina and Elliott said once he got in position for the victory, he wasn’t giving up.

“I wasn’t going to lift, so I didn’t know what was going to happen. I figured at the end of the day, it was what it was at that point,” Elliott said. “Wherever I ended up, I ended up. At that point, we were all committed. Really cool just to be eighth on the restart and somehow win on a green-and-white checkered. Pretty neat.”

Hamlin finished second and was clearly dejected by the defeat. The three-time Daytona 500 winner is considered the greatest driver to never win a Cup title and needed the victory to lock up his spot in the next round of the playoffs. He also has a 60th Cup win set as a major career goal and is stuck on 59 victories.

He drove the final 50-plus laps with his power steering on the fritz.

“Just super disappointing. I wanted it bad. It would have been 60 for me,” Hamlin said. “Obviously got really, really tight with [Wallace], and it just got real tight and we let [Elliott] win.

“Man, I wanted it for my dad. I wanted it for everybody. Just wanted it a little too hard.”

Hamlin was followed his JGR teammates Bell and Chase Briscoe, who were third and fourth.

Wallace wound up fifth and even though the victory would have moved him deeper into the playoffs than he’s ever been in his career, he was satisfied considering how poorly his car was running earlier in the race. He wasn’t even upset with Hamlin, and he shook hands with his boss on pit road.

“To even have a shot at the win with the way we started … you could have fooled me. We were not good,” Wallace said. “Two years ago I’d probably say something dumb [about Hamlin]. He’s a dumbass for that move. I don’t care if he’s my boss or not. But we’re going for the win. I hate that we gave it to Chevrolet there.”

Elliott, in a Chevrolet for Hendrick Motorsports, was the only non-Toyota driver in the top five.

Next up is a playoff elimination race at the hybrid oval/road course at Charlotte Motor Speedway, where Kyle Larson won a year ago. The playoff field will be cut from 12 drivers to eight following next Sunday’s race.

The four drivers in danger of playoff elimination headed into that race are Ross Chastain, Austin Cindric, Reddick and Wallace.

“Obviously there’s only one thing we can do at Charlotte (win), and that’s what we’ll be focused on,” Reddick said.



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September 29, 2025 0 comments
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Commanders oversee battleships as they cross the waves
Product Reviews

Tiny Metal 2 is the third game in the turn-based strategy series, and it just so happens to be taking after my favorite Advance Wars

by admin September 26, 2025



2001’s Advance Wars is a perfect little game: Compact yet tactically rich, a purposefully limited but versatile library of units like top-heavy tanks and chonky bombers smashing together in rock-paper-scissors shoot-outs. The only wildcard, each commanding officer’s slow-charging heroic power, can swing the tide of a battle but is still relatively tame—like gaining a couple extra tiles of range on artillery strikes for one pivotal turn. Give a small team of brilliant game designers the remit to make chess with toy soldiers, and I think this is what they would come up with. And yet it is not my favorite Advance Wars.

My favorite, Advance Wars: Dual Strike for the Nintendo DS, is more the Chess 2 of strategy games. More units, more powers, combining those wildcard bursts in ways that drag matches out into dizzying swingy battles like games of Risk where someone’s turning in their bonus cards every freaking turn. Forget perfect: I loved the bombast of Dual Strike being messily over-the-top, and on a visit to indie studio Area 35’s Tokyo office ahead of TGS this week I immediately clocked that its new entry in the Tiny Metal series takes after my one true love.

Six years after Tiny Metal: Full Metal Rumble, the confusingly named Tiny Metal 2 puts you in control of two factions at once so you can combine their strengths. Even better, you can now do it in co-op, with one player taking command of each team.


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The more immediately obvious upgrade in Tiny Metal 2 if you’re not the specific type of weirdo still carrying a torch for Dual Strike 20 years later is that it looks much, much nicer than the first couple games, which traded out Advance Wars’ charming 2D style for a swag-less low poly 3D. Tiny Metal 2 is less Unity asset store and more comic booky. It’s missing the polished sheen of a 2025 Nintendo game, but stylish enough to make a nice first impression.

(Image credit: Area 35)

Tactically it feels like there’s a bit more going on here too. The fundamentals borrowed wholesale from Advance Wars are all still here: you capture buildings with infantry to earn resources and manufacture new troops; tanks can brush off machine gun fire but are susceptible to a heavy blast of artillery; submarines are death for other ships though easy to sink once they break the surface. But a focus fire mechanic makes the order of your orders matter much more.

At first I merrily threw my troops into the fray one at a time, each attack on an enemy earning them a bit of damaging retaliatory fire. Then I realized I could give a couple weaker units a command to focus on an enemy and wait for a combined strike, so that when I rolled in with a heavy mech to trigger the team-up attack the enemy would be toast before it could hit back.

(Image credit: Area 34)

Tiny Metal 2 also lets you choose what direction units are facing and makes attacks from the sides or rear potentially more effective, though the extra step this adds to controlling each unit—and the number of possible attacks you have to try on an enemy to find the optimal one—is maybe more fiddly than this kind of light strategy game really benefits from. The UI is already working hard to convey strengths and weaknesses for each unit against other types, but some sort of visual front/back/side armor rating would cut out some of the tedium of fretting over each and every move.

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The much nicer art and the promise of co-op team-ups that lean into melding the commander powers of each are more appealing to me than those niggles are concerning, though. Even with Nintendo recently returning to the Advance War series for the first time in decades in the form of a cute but quite limited remake, this remains an oddly rare form of snackable strategy game. Tiny Metal 2 seems to have enough ideas of its own to finally help propel it out of “We have Advance Wars at home” territory.

It’s on Steam now, and out sometime next year.



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September 26, 2025 0 comments
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Snapdragon X2 Elite
Product Reviews

Qualcomm announces Snapdragon X2, the first 5 GHz Arm CPU, its ‘biggest advance in PC gaming’ and the chip that might finally make gaming on Arm an actual thing

by admin September 25, 2025



Qualcomm has announced its second-gen Snapdragon X2 SoC for PCs and with it come some big claims, especially for gaming performance. The new chip has 18 CPU cores, 50% more than the the OG Snapdragon X, and over double the GPU performance. But will this actually translate into usable gaming performance?

First, some more details as announced at Qualcomm’s Snapdragon Summit 2025. Qualcomm has shrunk Snapdragon X2 down to 3 nm thanks to a newer production process from TSMC. That’s essentially the enabler for everything else that follows.

The 18 cores are all a new third-gen Oryon design that Qualcomm claims was started from a “blank slate.” The result is 39% improved per-core performance and 50% faster peak multi-threaded CPU performance. To that you can add 2.3x peak GPU performance and 78% more NPU performance.


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What’s more, Qualcomm claims to have created the first 5 GHz Arm chip. Oh, and the top chip now has a 192-bit memory bus and supports 4K 144 Hz displays. This is serious stuff.

In fact, Qualcomm has introduced a whole new tier of Snapdragon for the top model. The 18-core 5 GHz variant will be know as the Snapdragon X2 Elite Extreme Edition. Shades of Intel, intentionally or otherwise.

Of course, it’s gaming we’re most concerned with and Qualcomm is making some pretty serious claims. Performance is up hugely compared with the first-gen Snapdragon X chips. Black Myth Wukong runs 2.1x faster than before. The same applies to Cyberpunk 2077 and Red Dead Redemption 2. Hitman World of Assassination is claimed to be 2.2x faster, and a slew of further games are around the 2x mark.

Qualcomm is making some mega claims for gaming performance. (Image credit: Qualcomm)

All told, Qualcomm’s head of compute and gaming, Kedar Kondap, says the new chip is “Snapdragon’s biggest advance in PC gaming.” However, just as important as pure performance is efficiency. Here, Qualcomm reckons the new chip delivers 44% more CPU performance per watt than an Intel Core Ultra 9 285H and 75% more performance per watt than AMD’s Ryzen 9 AI HX 370.

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As for GPU efficiency, the second-gen Snapdragon X is said to be 52% better than Intel’s Lunar Lake laptop chips. The same gaming performance as Lunar Lake but with dramatically lower power consumption, or a lot more performance for the same power budget, would be very interesting for a handheld gaming PC. Bottom line, if all of this is true, then the Snapdragon X2 Elite Extreme Edition is one heck of a chip.

There will also be a 12-core plain-old Elite version. It’s not totally clear if that offers the same GPU and NPU performance, but the branding for the Adreno GPU implies the 12-core chip gets a lower spec. But if it does, that’s a pity as an 18-core CPU is probably overkill.

Of course, the big question hanging over all this is game support. “We are collaborating across the industry to bring more titles on Snapdragon,” Kondap said in front of a presentation slide showing a long list of supported titles.


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In our testing, Snapdragon’s gaming support thus far has fallen well short of Qualcomm’s bullish claims, whatever the raw capabilities of its chips. And that remains the doubt. Even if the new Snapdragon X2 is super fast, will games actually run reliably?

The top chip even gets a 192-bit memory bus. (Image credit: Qualcomm)

But here’s the thing. Sometimes you get a sense from a product launch that a company knows they have something special. That’s the vibe I got from the Snapdragon X2 launch. A lot of that is probably down to the use of TSMC 3 nm technology. No other PC vendor is currently offering 3 nm GPU tech, integrated or discrete.

On paper, then, this thing looks like a huge advance and the best APU for handheld PCs. It should be far faster than anything AMD or Intel can currently offer, if you ignore AMD’s Strix Halo, which isn’t truly a chip for handhelds and costs megabucks.

In the end, of course, it will all hinge on software, both the games themselves and Qualcomm’s GPU drivers. We’ve heard it all before when it comes to gaming on Arm. But if Qualcomm can make some strides on the software, then this chip needs to be taken very seriously in the handheld gaming market. It could be awesome.

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September 25, 2025 0 comments
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Gold's Rare Red Day Allows BTC to Advance
GameFi Guides

Gold’s Rare Red Day Allows BTC to Advance

by admin September 24, 2025



Apparently there’s not enough money in markets these days for simultaneous bull moves in gold and its digital counterpart BTC$113,634.09.

To wit, gold has seen what seems like new record highs on a daily basis for the past few weeks. Bitcoin, meanwhile, despite living in a world with the same bullish catalysts — easing monetary policy, ETF inflows, rising corporate adoption — hasn’t been able to get out of its own way.

The action suggests bitcoin may not be able to move into a new sustained upswing until investors cool on the yellow metal.

Indeed, gold Wednesday is having a rare day in the red — down 1.5% to $3,759 per ounce — perhaps “allowing” bitcoin to have what seems like an equally rare positive session, up 1.7% to $113,7000.

Longer-term chart tells a different story

While gold and bitcoin may seem to be moving in opposite directions in this stage of the cycle, logic would seem to dictate that both assets — given their appeal as hedges against excessive government spending and inflation — should at least kind of track over longer periods.

That appears to be the case. Year-to-date gold has gained 42% easily outpacing bitcoin’s 22%, but at least showing both moving in the same direction. Going back to the start of 2024, gold is higher by 82% against bitcoin’s 155% advance.

And since the start of 2023, gold has more than doubled, while bitcoin is up more than six-fold (though that’s measured from nearly the bottom of 2022’s crypto winter).



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September 24, 2025 0 comments
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New AI System Predicts Risk of 1,000 Diseases Years in Advance
GameFi Guides

New AI System Predicts Risk of 1,000 Diseases Years in Advance

by admin September 23, 2025



In brief

  • Researchers unveiled Delphi-2M in Nature, an AI that forecasts risk for 1,000+ diseases up to 20 years out.
  • The model outperformed single-disease tools, predicting co-morbidities and generating synthetic health trajectories from medical records.
  • Trained on UK Biobank and validated on 1.9M Danish health records, Delphi-2M shows promise but faces bias, privacy, and deployment hurdles.

Researchers have built an AI system that predicts your risk of developing more than 1,000 diseases up to 20 years before symptoms appear, according to a study published in Nature this week.

The model, called Delphi-2M, achieved 76% accuracy for near-term health predictions and maintained 70% accuracy even when forecasting a decade into the future.

It outperformed existing single-disease risk calculators while simultaneously assessing risks across the entire spectrum of human illness.



“The progression of human disease across age is characterized by periods of health, episodes of acute illness and also chronic debilitation, often manifesting as clusters of co-morbidity,” the researchers wrote. “Few algorithms are capable of predicting the full spectrum of human disease, which recognizes more than 1,000 diagnoses at the top level of the International Classification of Diseases, Tenth Revision (ICD-10) coding system.”

The system learned these patterns from 402,799 UK Biobank participants, then proved its mettle on 1.9 million Danish health records without any additional training.

Before you start rubbing your hands with the idea of your own medical predictor, can you try Delphi-2M yourself? Not exactly.

The trained model and its weights are locked behind UK Biobank’s controlled access procedures—meaning researchers only. The codebase for training your own version is on GitHub under an MIT license, so you could technically build your own model, but you’d need access to massive medical datasets to make it work.

For now, this remains a research tool, not a consumer app.

Behind the curtain

The technology works by treating medical histories as sequences—much like ChatGPT processes text.

Each diagnosis, recorded with the age it first occurred, becomes a token. The model reads this medical “language” and predicts what comes next.

With the proper information and training, you can predict the next token (in this case, the next illness) and the estimated time before that “token” is generated (how long until you get sick if the most likely set of events occurs).

For a 60-year-old with diabetes and high blood pressure, Delphi-2M might forecast a 19-fold increased risk of pancreatic cancer. Add a pancreatic cancer diagnosis to that history, and the model calculates mortality risk jumping nearly ten thousandfold.

The transformer architecture behind Delphi-2M represents each person’s health journey as a timeline of diagnostic codes, lifestyle factors like smoking and BMI, and demographic data. “No event” padding tokens fill the gaps between medical visits, teaching the model that the simple passage of time changes baseline risk.

This is also similar to how normal LLMs can understand text even if they miss some words or even sentences.

When tested against established clinical tools, Delphi-2M matched or exceeded their performance. For cardiovascular disease prediction, it achieved an AUC of 0.70 compared to 0.69 for AutoPrognosis and 0.71 for QRisk3. For dementia, it hit 0.81 versus 0.81 for UKBDRS. The key difference: those tools predict single conditions. Delphi-2M evaluates everything at once.

Beyond individual predictions, the system generates entire synthetic health trajectories.

Starting from age 60 data, it can simulate thousands of possible health futures, producing population-level disease burden estimates accurate to within statistical margins. One synthetic dataset trained a secondary Delphi model that achieved 74% accuracy—just three percentage points below the original.

The model revealed how diseases influence each other over time. Cancers increased mortality risk with a “half-life” of several years, while septicemia’s effect dropped sharply, returning to near-baseline within months. Mental health conditions showed persistent clustering effects, with one diagnosis strongly predicting others in that category years later.

Limitations

The system does have boundaries. Its 20-year predictions drop to around 60-70% accuracy in general, but things will depend on which type of disease and conditions it tries to analyze and forecast.

“For 97% of diagnoses, the AUC was greater than 0.5, indicating that the vast majority followed patterns with at least partial predictability,” the study says, adding later on that “Delphi-2M’s average AUC values decrease from an average of 0.76 to 0.70 after 10 years,” and that “iIn the first year of sampling, there are on average 17% disease tokens that are correctly predicted, and this drops to less than 14% 20 years later.”

In other words, this model is quite good at predicting things under relevant scenarios, but a lot can change in 20 years, so it’s not Nostradamus.

Rare diseases and highly environmental conditions prove harder to forecast. The UK Biobank’s demographic skew—mostly white, educated, relatively healthy volunteers—introduces bias that the researchers acknowledge needs addressing.

Danish validation revealed another limitation: Delphi-2M learned some UK-specific data collection quirks. Diseases recorded primarily in hospital settings appeared artificially inflated, contradicting the data registered by the Danish people.

The model predicted septicemia at eight times the normal rate for anyone with prior hospital data, partly because 93% of UK Biobank septicemia diagnoses came from hospital records.

The researchers trained Delphi-2M using a modified GPT-2 architecture with 2.2 million parameters—tiny compared to modern language models but sufficient for medical prediction. Key modifications included continuous age encoding instead of discrete position markers and an exponential waiting time model to predict when events would occur, not just what would happen.

Each health trajectory in the training data contained an average of 18 disease tokens spanning birth to age 80. Sex, BMI categories, smoking status, and alcohol consumption added context.

The model learned to weigh these factors automatically, discovering that obesity increased diabetes risk while smoking elevated cancer probabilities—relationships that medicine has long established but that emerged without explicit programming. It’s truly an LLM for health conditions.

For clinical deployment, several hurdles remain.

The model needs validation across more diverse populations—for example, the lifestyles and habits of people from Nigeria, China, and America can be very different, making the model less accurate.

Also, privacy concerns around using detailed health histories require careful handling. Integration with existing healthcare systems poses technical and regulatory challenges.

But the potential applications span from identifying screening candidates who don’t meet age-based criteria to modeling population health interventions. Insurance companies, pharmaceutical firms, and public health agencies may have obvious interests.

Delphi-2M joins a growing family of transformer-based medical models. Some examples include Harvard’s PDGrapher tool for predicting gene-drug combinations that could reverse diseases such as Parkinson’s or Alzheimer’s, an LLM specifically trained on protein connections, Google’s AlphaGenome model trained on DNA pairs, and others.

What makes Delphi-2M so interesting and different is its broad scope of action, the sheer breadth of diseases covered, its long prediction horizon, and its ability to generate realistic synthetic data that preserves statistical relationships while protecting individual privacy.

In other words: “How long do I have?” may soon be less a rhetorical question and more a predictable data point.

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September 23, 2025 0 comments
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Two Namco classics join Nintendo Switch Online's Game Boy Advance library
Game Reviews

Two Namco classics join Nintendo Switch Online’s Game Boy Advance library

by admin September 18, 2025



Two Namco classic Game Boy Advance games are joining the Nintendo Switch Online catalogue.


First up is Mr. Driller 2, the iconic puzzle game that started life as an arcade game before being ported to the GBA for the Japanese launch. It was later released worldwide, and was previously re-released for the Wii U Virtual Console.


The second is Klonoa: Empire of Dreams, a 2D platformer spin-off of the console games that began on the PS1. By comparison, it has more puzzle-like gameplay and introduced a new realm to the ongoing series.

Game Boy Advance – September 2025 Games UpdateWatch on YouTube


Both games will be available from 25th September for Nintendo Switch Online subscribers with the Expansion Pack.


Earlier this month, Nintendo added an Easter egg to the Game Boy Advance app, which adds the classic bootup sequence if you twiddle the analogue stick.


And at last week’s Nintendo Direct, the company announced Virtual Boy games will be coming to Switch Online too, along with a dedicated accessory to play them in 3D – it comes in both plastic and cardboard varieties.


For more on Nintendo Switch Online, check out our list of all the games available to subscribers.



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September 18, 2025 0 comments
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Crypto Trends

Fellowship PAC Launches With $100M to Advance Crypto Policy Goals

by admin September 16, 2025



In brief

  • The PAC says it has lined up more than $100 million to support pro-Trump candidates in upcoming races.
  • FEC records show that the group was registered in August, but filings have listed no receipts or expenditures to date.
  • Its launch comes as crypto political spending grows.

Crypto is once again taking the stage in Washington with the launch of The Fellowship PAC, a new super political action committee that says it has lined up more than $100 million to back pro-Trump candidates.

A document from the Federal Election Commission confirms that the committee filed its statement of organization on August 7, but it wasn’t until Monday that the committee publicly announced its formation. The New York Times first reported the news.

“Transparency and trust is our differentiator,” the committee said in a statement, adding that the PAC aligns with the interests of crypto entrepreneurs, policymakers, and the public, alongside the broader goal of keeping America’s lead in “digital assets and entrepreneurship.”



It’s worth noting, however, that the Fellowship PAC has only filed its registration paperwork so far. The gap between pledged money and official reports leaves questions about how much cash the PAC has actually banked.

Per the filing, no contributions or expenditures have been reported, with the PAC being designated as an “independent expenditure-only political committee.”

Representatives for the committee did not immediately return Decrypt’s request for comments on this point.

The Fellowship PAC outlines a mission to safeguard America’s role as the global leader in digital assets and entrepreneurship.

Its stated focus includes supporting candidates who back predictable rules for crypto, protecting the nation’s competitive edge in technology, and preventing the flight of talent overseas.

The Fellowship PAC’s emergence comes as lawmakers weigh multiple crypto-related bills on Capitol Hill, including those on market structure, while regulators continue to press for stricter oversight of digital assets.

The timing suggests the industry is preparing to defend its position heading into the 2026 midterms, when control of both chambers will be contested.

Political action committees aligned with the crypto industry have been steadily expanding their footprint in U.S. elections, pouring at least $119 million in the 2024 cycle prior to the November elections, according to a study from Public Citizen.

As the polls closed, the total surpassed $300 million, according to a D.C. insider who told Decrypt at the time that many other industries are likely to take note of what the crypto industry has achieved.

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September 16, 2025 0 comments
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The Switch Nintendo Classics app just got a cool, hidden Game Boy Advance Easter Egg
Game Updates

The Switch Nintendo Classics app just got a cool, hidden Game Boy Advance Easter Egg

by admin September 7, 2025


Nintendo recently released an update for Switch Online, which among other little tweaks adds a nice, nostalgia infused Easter egg to the Game Boy Advance app.

This Easter egg can be found by twiddling with the analogue stick while booting up the Game Boy Advance app. If you do this, you will be met with the classic GBA bootup sequence.

You can see how the Easter egg looks via the video I took this morning.


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To compare, this is how the app booted up when I left the analogue stick alone.


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This is not the first time Nintendo has added a nostalgic start up on its Switch Online Classic apps. Back in June, it also added the iconic GameCube startup screen to the Switch.

For more on the service, you can check out our handy guide to all of the games currently available on Nintendo Switch Online here.

This is a news-in-brief story. This is part of our vision to bring you all the big news as part of a daily live report.



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September 7, 2025 0 comments
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NFT Gaming

Wall Street’s Needs Will Advance Ethereum’s Privacy, Says Etherealize

by admin September 6, 2025



In brief

  • Wall Street will advance privacy on Ethereum, according to Danny Ryan.
  • Etherealize is building infrastructure for trading and settling tokenized equities.
  • The company plans on leveraging zero-knowledge proofs.

Privacy advocates should be cheering on Wall Street’s adoption of cryptocurrencies, according to Etherealize co-founder and President Danny Ryan.

As markets move on-chain, financial institutions are expressing a need for infrastructure that echoes elements of traditional markets, and privacy is “table stakes,” he told Decrypt.

“The market does not, and cannot, function fully in the clear,” he said. “If we’re going to onboard the world to blockchains, ‘everyone sees everything all the time’ is just not going to work.”

On Wednesday, Etherealize unveiled the closing of a $40 million funding round. The startup said it will promote Ethereum’s use by developing infrastructure for the trading and settling tokenized assets that’s based around zero-knowledge (ZK) proofs, among other tools.



When transacting on a public blockchain, users leave a trail of evidence for anyone to analyze, and elite entities may cringe at the thought of treasury operations and trading strategies taking place in the open—even if blockchains prove more efficient than legacy systems.

With the U.S. government’s prosecution of developers behind coin-mixing services like Tornado Cash and Samourai Wallet, it may feel like privacy may have become secondary, but Ryan described Wall Street’s needs as a potential Trojan horse, when it comes to sharing data on-chain. The benefits and normalization, he argued, should trickle down to average users.

“As we begin to upgrade these markets, institutions will demand privacy, and we’ll move the needle forward in terms of practical, applied and compliant privacy,” he said.

A ZK proof is a method used in cryptography to prove that something is known without revealing the known information directly. The concept powers privacy-focused cryptocurrencies like Zcash, and historically, it’s been viewed as a way to help scale Ethereum.

Ethereum’s ecosystem has poured hundreds of millions of dollars into ZK-powered networks. Although Ryan thinks that gives its developers an advantage, some companies are taking a distinct approach to privacy in creating their own blockchains.

Tempo, a blockchain incubated by payments giant Stripe and investment firm Paradigm, is set to feature built-in privacy measures. Arc, another layer-1 network that’s being developed by stablecoin issuer Circle, is expected to have “selectively shielded balances and transactions.”

That suggests widespread privacy in crypto may not be contingent on Wall Street’s participation.  But in the coming years, Ryan said privacy on Ethereum will likely become more commonplace, through “bespoke applications that handle privacy in a more granular way.”

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September 6, 2025 0 comments
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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

  • Indiana Jones and the Great Circle gets New Game Plus and new ending in update celebrating MachineGames anniversary

    October 10, 2025
  • The Fastest Trick For Earning XP And JP In Final Fantasy Tactics Involves Frogs

    October 10, 2025

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