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Crypto Trends

Bitcoin ETFs Shed $1 Billion in Five Days Amid Ethereum Comeback

by admin August 24, 2025



In brief

  • Bitcoin ETFs are experiencing a significant sell-off, with over $1.1 billion in outflows over the past five days as investors de-risk ahead of the Jackson Hole symposium.
  • Ethereum ETF flows have bucked the bearish trend, with a strong inflow on August 21.
  • Crypto market remains highly volatile with significant liquidations and key price levels in play, as traders await clarity on the Fed’s interest decision.

Bitcoin ETFs continued their five-day streak of outflows, shedding over $1.1 billion in the past week as investors de-risk ahead of U.S. Federal Reserve Chairman Jerome Powell’s final address at Friday’s Jackson Hole symposium.

This widespread sell-off in risk-on assets has coincided with a 10% crash in Bitcoin’s price since its August 14 all-time high of $124,545.

U.S. equities have also suffered a similar fate, with the S&P 500 index down 1.72% since its own high on August 13.

The large-scale de-risking across ETFs and cryptocurrency markets can be attributed to a concerning inflation data released in August, leading to a significant shift in the market’s rate cut perspective.

The rate cut odds, as a result, have dropped from 90% to 75%, triggering an outflow spree in Bitcoin ETFs.

Ethereum ETF flows, however, have bucked the bearish trend, noting a $286.7 million inflow on August 21, ending the four-day outflow streak.

“Ethereum is going through one of the strangest weeks these days,” Arthur Azizov, Founder and Investor at B2 Ventures, told Decrypt.

The market is “stuck between adoption and stress,” Aziziv said, highlighting the buyers’ inability to move prices despite positive news like BTCS’s plan to pay dividends in Ethereum.

The recent $3.8 billion in staking validator exits have added selling pressure to Ethereum, said Azizov, but clarified that the long-term institutional trend is a “key tailwind” since these large investors control 5% of Ethereum’s supply, which helps “tightens the float.”

As investors speculate on what Powell might say, volatility is likely to remain elevated.

The sudden drop in Bitcoin’s price, which trades around $112,500, caused over $100 million in liquidations over the past hour alone, with $317 million worth of positions forced to close in the past 24 hours, according to CoinGlass data.

Options data on Deribit shows a high concentration of trading around the $120,000 and $110,000 strike prices, indicating a strong battle for control at those levels ahead of Powell’s highly anticipated speech.

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August 24, 2025 0 comments
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GameFi Guides

Quarter Billion in Ethereum Shorts Get Rekt as ETH Nears All-Time High

by admin August 23, 2025



In brief

  • Ethereum jumped nearly 15% Friday after Fed Chair Jerome Powell hinted at rate cuts, but the token stalled just short of eclipsing its all-time high of $4,878.
  • More than $340 million in Ethereum long and short positions were liquidated in the last 24 hours, making up over half of all crypto market liquidations.
  • Regulatory tailwinds, corporate treasury purchases, and ETF inflows have strengthened demand for the asset, but failed to push it past a price record it’s failed to beat in nearly four years.

Ethereum short traders lost hundreds of millions of dollars Friday as ETH came within inches of breaking past its all-time high price, but ultimately failed to rise to the occasion.

In the last 24 hours alone, over $259 million worth of ETH short positions have been liquidated, according to data from CoinGlass. Another $80 million in long positions on the cryptocurrency have expired as well—bringing the total value of ETH liquidations in the last day to over $340 million.

That figure makes up over half of all liquidations across the entire crypto market in the last 24 hours. Just north of $668 million in crypto derivatives have been wiped out in the last day, a clear signal that, at least for the moment, all eyes are on ETH.



The cryptocurrency has been on a tear in August after a largely lackluster year, but fell off again this week amidst macroeconomic uncertainty. Then, a long-awaited signal this morning from Federal Reserve Chair Jerome Powell, indicating that the U.S. central bank might soon cut interest rates, sent Ethereum and other altcoins surging.

Immediately following the announcement, ETH popped nearly 15%, briefly eclipsing $4,842 in value. The token’s previous all-time high price of $4,878 was reached nearly four years ago, on November 10, 2021—at the peak of the last crypto bull run.

Traders couldn’t quite push the cryptocurrency over the finish line, however. After coming within 1% of notching a new record price, ETH stalled, and then dipped, heading south again below the $4,800 mark. The token is trading at $4,773 at writing. The price of ETH also came close to a record last week before dipping.

In recent months, regulatory developments in the United States particularly well suited to benefit the Ethereum ecosystem have made the cryptocurrency a more attractive buy, analysts previously told Decrypt. What’s more, massive acquisitions of the token via corporate treasury buys and ETH ETF inflows have had a substantial deflationary impact on Ethereum’s tokenomics.

“ETH has particularly explosive dynamics going on,” Greg Magadini, director of derivatives at Amberdata, said in a note shared with Decrypt. Magadini favorably compared Ethereum to the iPhone, analogizing the growing ecosystem of goods and services built on the network’s smart contracts to Apple’s now-ubiquitous App Store.

But all that momentum has not been enough to push ETH into uncharted price territory—at least not yet. The notoriously slow-reacting cryptocurrency has struggled to surge to new highs, even as rival tokens continue to break records in the ongoing bull market.

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August 23, 2025 0 comments
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The US government is taking an $8.9 billion stake in Intel

by admin August 23, 2025


President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during a press conference on Friday, though an official announcement is still forthcoming, Reuters reports. News of a plan to convert Intel’s previously promised CHIPS Act funding into equity in the company was first reported earlier in August.

A meeting between Intel CEO Lip-Bu Tan and Trump following the President’s call for Tan to resign seems to be the source of the deal. “He walked in wanting to keep his job and he ended up giving us 10 billion dollars for the United States. So we picked up 10 billion,” Trump shared during the press conference.

Intel later announced more details on the investment. The company said in a press release that the government will “make an $8.9 billion investment in Intel common stock.” It adds that the equity stake will be funded by $5.7 billion previously earmarked for Intel as part of the CHIPS act, and $3.2 billion awarded as part of the Secure Enclave program. Intel had previously recieved $2.2 billion in CHIPS grants, bringing the government’s total spend on the chipmaker to $11.1 billion. The government paid $20.47 per share, so the $8.9 billion investment is equivalent to a 9.9 percent stake in the company.

It’s important to note that the government investing in Intel is not the same thing as receiving free money, it’s the exact opposite. Despite earlier comments from US Commerce Secretary Howard Lutnick suggesting the stake would be non-voting, common stock does come with voting rights. Intel does note that the investment will be passive, with no board representation, and that the government has agreed to vote with its board of directors “on matters requiring shareholder approval, with limited exceptions.”

Intel was supposed to receive up to $10.86 billion in federal funding to expand its chip manufacturing business in the US as part of the CHIPS Act. By agreeing to this deal, Tan is likely trying to make sure that funding still goes through, one of several drastic moves to keep Intel afloat. Tan assumed the title of CEO following Pat Gelsinger’s sudden retirement in 2024. Since taking over, he’s already committed to cutting Intel’s workforce by 20 percent. Even with lower costs and guaranteed investment, the company’s future is still uncertain: Intel is reportedly struggling to make its next-gen Panther Lake chips at scale.

The Trump administration says it won’t seek similar equity deals with other recipients of CHIPS act funding. That hasn’t stopped them from making other equally unprecedented financial arrangements. NVIDIA and AMD reportedly struck a deal with the US government that gives the companies the ability to export products to China in exchange for 15 percent of their profits.

Update, August 22, 6:20PM ET: This story was updated after publish with more information on the deal from Intel, and the headline was changed to the dollar figure, rather than the previously stated “10 percent” amount. A section quoting US Commerce Secretary Howard Lutnick saying that the stake was non-voting was also ammended to reflect the final details of the deal.



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August 23, 2025 0 comments
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Crypto Trends

Ethereum Treasury SharpLink to Buy Back Up to $1.5 Billion in Stock

by admin August 23, 2025



In brief

  • SharpLink Gaming unveiled $1.5 billion in potential stock buybacks.
  • The company traded at a slight premium to its Ethereum holdings.
  • SharpLink’s stock price surged more than 15% on Friday to $20.83.

SharpLink Gaming can repurchase up to $1.5 billion worth of common stock under a newly authorized repurchase program, the Ethereum treasury firm said in a blog post on Friday.

With a market cap of $3.5 billion, that would be almost half of the company’s value, but Co-Chief Executive Officer Joseph Chalom described the program as a potential resource for instances when the company’s shares trade a discount to its Ethereum holdings.

“In this scenario, the accretive course of action may be to repurchase our common stock,” he said in a statement. “This program provides us with the flexibility to act quickly and decisively if those conditions present themselves.”

SharpLink shares surged more than 15% on Friday to $20.87 amid a wider upturn in crypto-focused stocks, according to Yahoo Finance, as investors turned optimistic about the prospects of an interest rate cut following remarks by U.S. central bank Chair Jerome Powell. But SharpLink’s stock price has swooned 24% over the past month even as Ethereum has gained ground. 



Ethereum was recently changing hands at $4,813, jumping more than 13% over the past 24 hours, according to crypto data provider CoinGecko. Earlier Friday, ETH set a new record high of $4,879 before retreating. The asset’s price has increased about 35% over the past month.

Like most crypto treasury firms, SharpLink seeks to maximize shareholder value by growing the amount of Ethereum it owns per fully diluted share. When SharpLink shares trade at a premium to its crypto holdings, it can issue common stock to increase that ratio.

Strategy, formerly MicroStrategy, has used the tactic for years, but its premium has been substantially greater and existed far longer. On Friday, SharpLink had a so-called mNAV of 1.08, reflecting a slight premium, according to Ethereum Strategic Reserve.

SharpLink owned 740,000 ETH worth over $3.5 billion, as of Friday. Its corporate stash was around half the size of BitMine Immersion Technologies’, which owned 1.5 million ETH that were worth around $7.3 billion. 

In the press release, SharpLink noted that the timing and amount of shares repurchased under its newly approved program will depend on market conditions. It’s not obligated to purchase any shares whatsoever, and the initiative can be suspended at any time, it added.

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August 23, 2025 0 comments
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Public Keys: Ethereum Treasuries Soar, Bitcoin ETFs’ $1 Billion Bleed, Crypto IPO Chatter

by admin August 22, 2025



In brief

  • Crypto stocks surged on Fed Chair Powell’s dovish Jackson Hole speech hinting at September rate cuts, with Ethereum treasury companies and Bitcoin miners leading gains of 8-15%.
  • Bitcoin ETFs bled $1 billion over five consecutive days while Ethereum ETFs rebounded with $288 million in net inflows on Thursday.
  • Blockchain lender Figure Technologies filed for an IPO, seeking to go public after processing over $16 billion in home loans on its Provenance blockchain.

Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies.

Wings of a Dove

Crypto stocks (and the rest of the crypto and stock market) are soaring thanks to a big boost from Federal Reserve Chair Jerome Powell’s dovish speech at the Jackson Hole Symposium on Friday morning.

Crypto and stocks tend to get a boost when the Fed lowers rates because it triggers a rotation of funds from treasury bonds and into risk-on assets.

During his remarks, Powell said the “shifting balance of risks may warrant adjusting our policy stance.” In other words, he opened the possibility for a rate cut when the Federal Open Markets Committee meets again in September.

Crypto exchange Coinbase’s shares gained about 6% and Bitcoin hoarding behemoth Strategy rose 5% on the day—a nice reversal from earlier in the week.

But it’s Bitcoin miners and Ethereum treasury companies that won the day. The two largest Ethereum treasuries—former Bitcoin miner BitMine Immersion and online gambling marketer SharpLink—  gained 12% and 15.6%, respectively.



Bitcoin mining rig manufacturer Canaan’s stock gained 12%, and Bitcoin miners Riot Platforms and Iris Energy picked up 7.7% and 9.3%, respectively.

Katalin Tishhauser, head of research at Sygnum Bank, noted that while crypto markets had a “swift and positive” reaction to the news, she flagged that the underpinning economic data still shows signs of trouble.

“Even if a September cut does not materialize, the market has proven resilient in digesting past disappointments while still setting new highs. Momentum may continue, albeit with higher volatility,” she told Decrypt. “Meanwhile, spiralling debt and rising inflation remain unresolved structural issues—factors that strengthen the case for safe-haven assets over the longer term.”

$1 Billion Bleed

Bitcoin ETFs just spent five days in the red and shed $1 billion—even as their Ethereum counterparts staged a turnaround. On Thursday, Ethereum funds stopped the bleed and pulled in $288 million worth of net deposits.

The dominance of Ethereum in the current market narrative is very much warranted, according to the latest note from M31 Capital.

The private equity and venture capital fund pointed out that infrastructure, DeFi, L1 and L2 networks, and Web3 companies were all in the green—and all came out ahead of Bitcoin.

But nothing short of another all-time high for BTC was going to top last week’s record-setting run to $124,128.

Figure on the runway

Just as Bullish makes its $1.15 billion debut, there’s a new crypto company ready to test its wings.

Blockchain lender Figure Technologies has filed  paperwork for an initial public offering.

Now, it’s important to make a distinction about what Figure does given the history of crypto lenders in the space: Figure uses its platform to enable lending outside the traditional scope of the crypto industry, such as real estate.

The company says that its the largest non-bank provider of home equity lines of credit in the U.S. and that its software has been used for more than $16 billion worth of home loans.

Illia Otychenko, the lead analyst at CEX.IO, told Decrypt earlier this week that the company “dominates the tokenized private credit space, with more than 70% market share and over $11 billion in active loans on its Provenance blockchain.”

Figure is co-founded by SoFi co-founder and former CEO Mike Cagney, who left the bank in 2017 amid sexual harassment allegations. The IPO would mark his return to leading a publicly traded company.

“The IPO is one step in a long process to bring blockchain to all aspects of capital markets,” he said in the company’s SEC filing. No word yet on share pricing, though.

Other Keys

Timber: Nasdaq has delisted drug developer Windtree Therapeutics, which announced last month that it would buy $700 million worth of Binance’s BNB token. The company said in an SEC filing that its shares stopped trading on the Nasdaq for failing to maintain the $1-per-share minimum bid price required by the exchange.

USA Made: Bitcoin miner Bitdeer confirmed it’s going to begin manufacturing mining rigs in the U.S. this year. That news came as two of its competitors—Iris Energy and CleanSpark—have been hit with letters from U.S. customs asking for millions in tariffs on Chinese-manufactured rigs purchased in 2024.

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August 22, 2025 0 comments
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1 Billion XRP Mark Lost: On-Chain Activity in Shambles
Crypto Trends

1 Billion XRP Mark Lost: On-Chain Activity in Shambles

by admin August 22, 2025


  • XRP payments’ volume drops
  • Market performance

XRP is coming under increasing pressure followed by a substantial network volume decline. After the rise of momentum, the asset has now fallen below important technical and fundamental thresholds, painting a questionable future outlook.

XRP payments’ volume drops

The volume of XRP payments has sharply decreased, according to on-chain data. When it peaked earlier in August, daily account-to-account transactions regularly remained at or above one billion XRP. But according to recent data, payment volumes have drastically decreased, dropping to about 522 million XRP on Aug. 21. There is a noticeable halt in the momentum, which indicates that XRP’s network activity is becoming less useful and interesting.

XRP/USDT Chart by TradingView

In light of Ripple’s long-standing advocacy for adoption in institutional transfers and remittances, persistent payment weakness may erode trust in the asset. The market chart illustrates this deteriorating environment. XRP is currently having trouble around $2.85, following a robust rally in July that lifted the asset above $3.50. Technically, the price has broken below the rising trendline that had previously held up its bullish structure.

Market performance

At $2.79, XRP is trading just above its 100-day EMA, which could serve as a short-term support level. If this level does not hold, the next significant support, which is in line with the 200-day EMA, is located closer to $2.45. Additionally, momentum indicators point to a lack of strength.

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On-chain activity must increase again, with payment volumes returning to the one billion XRP mark in order for XRP to stabilize. In terms of technical analysis, the first indications of fresh strength would be the recovery of the ascending trendline and breaking above the resistance at $3 per hour. The market is in ruins after losing a vital basis of price structure and network utility, and XRP is still at risk until then.



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August 22, 2025 0 comments
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Bitcoin Bull Market Hinges On $13.8 Billion Options Expiry
Crypto Trends

Bitcoin Bull Market Hinges On $13.8 Billion Options Expiry

by admin August 21, 2025



Key takeaways:

  • Bitcoin bears hold strong incentives below $114,000, likely intensifying pressure ahead of the options expiry.

  • AI-sector spending concerns add turbulence and weigh on investors’ broader risk appetite.

A total of $13.8 billion in Bitcoin (BTC) options are set to expire on Aug. 29, a moment many traders believe could determine whether the recent 9.7% correction marks the end of Bitcoin’s bull run or just a temporary pause. The drop to $112,100 on Thursday pushed Bitcoin to its lowest point in six weeks, intensifying bearish momentum ahead of the monthly options expiry.

Bullish Bitcoin strategies ill prepared for prices below $114,000

The $7.44 billion in open interest for call (buy) options stands 17% higher than the $6.37 billion in put (sell) contracts. Still, the actual outcome hinges on Bitcoin’s price at 8:00 am UTC on Aug. 29. Deribit dominates the market with an 85% share, followed by CME at 7% and OKX with 3%.

Bulls may have been overly confident, with some wagers set at $125,000 or higher. That optimism quickly eroded after Bitcoin’s decline, shifting momentum toward put instruments. Regardless of the rationale behind the recent BTC price correction, traders who opted for bullish strategies will likely come out disappointed.

Deribit options open interest for Aug. 29, BTC. Source: Deribit

Only 12% of call options were placed at $115,000 or below, leaving most out-of-the-money at current levels. By contrast, 21% of puts are positioned at $115,000 or higher, with significant clusters at $112,000. Thus, it is only natural to expect bears to continue negatively pressuring Bitcoin’s price ahead of the monthly expiry.

It might be too early to declare bullish options strategies entirely lost. Traders are awaiting comments from US Federal Reserve Chair Jerome Powell on Friday, as any suggestion of increased odds of rate cuts could support asset prices. Hotter-than-expected US jobless claims data on Thursday added to that anticipation, keeping macroeconomic uncertainty high.

Related: Why is Bitcoin crashing and will $112K be the final bottom?

US Federal Reserve and tech stocks could dictate Bitcoin’s outcome

Below are five probable scenarios at Deribit based on current price trends. These outcomes estimate theoretical profits based on open interest imbalances but exclude complex strategies, such as selling put options to gain upside price exposure.

  • Between $105,000 and $110,000: $210 million in calls (buy) vs. $2.66 billion in puts (sell). The net result favors the put instruments by $2.45 billion.

  • Between $110,100 and $114,000: $420 million calls vs. $1.94 billion puts, favoring puts by $1.5 billion.

  • Between $114,100 and $116,000: $795 million calls vs. $1.15 billion puts, favoring puts by $360 million.

  • Between $116,100 and $118,000: $1.3 billion calls vs. $830 million puts, favoring calls by $460 million.

  • Between $118,100 and $120,000: $1.7 billion calls vs. $560 million puts, favoring calls by $1.1 billion.

For bullish strategies to gain traction, Bitcoin would need to trade above $116,000 by Aug. 29. Yet, the most critical battle lies at $114,000, where bears are most motivated to push prices lower. 

Ultimately, Bitcoin’s fate in the $13.8 billion monthly options expiry will be decided by broader macroeconomic trends, including investors’ discomfort with the artificial intelligence sector. Concerns deepened after Morgan Stanley warned that soaring spending could limit major tech firms’ ability to fund share buybacks, amplifying caution in equity markets.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.



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August 21, 2025 0 comments
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Intel Foundry
Product Reviews

Softbank reportedly considered buying Intel’s foundry division outright before investing $2 billion into the company as equity

by admin August 20, 2025



SoftBank today announced its intent to purchase a historic $2 billion worth of Intel shares—a roughly 2% stake—making it one of the largest shareholders of the American chipmaker. However, the Financial Times reports that just days before the deal was inked, Softbank actually considered buying Intel’s foundry division outright.

This follows another unprecedented report that the White House is considering a 10% stake in Intel, utilizing grants from the CHIPS Act and converting them into equity.

Intel received that CHIPS Act money on the promise of never spinning off the fabs the funds directly impacted, as they serve an important geopolitical role in the race for bleeding-edge semiconductors. Intel is one of the last companies in the cutting-edge process race with TSMC, whose roots in Taiwan have provoked long-simmering concerns about its vulnerability and the stability of leading-edge semiconductor supply in the event that China should invade the island in pursuit of reunification.


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Intel has been struggling for years, and the current CEO, Lip-Bu Tan, was installed earlier this year to turn the company’s fortunes around. Quickly, Tan shifted Intel’s focus to save costs and stick to its core business. Despite efforts to bolster homegrown chipmaking, Tan has faced intense scrutiny, mostly due to his former ties with China, which even led to calls for his resignation by President Trump.

Of course, the relationship between Trump and Tan has done a 180 following a meeting in which the President was apparently won over by Tan’s “amazing story.”

(Image credit: Getty Images / Bloomberg)

SoftBank is a Japanese financial institution that owns a majority stake in semiconductor IP developer Arm and already has close ties with the Trump administration thanks to the Stargate project. For those out of the loop, that’s a $500 billion promise to build AI infrastructure in the U.S. that would purportedly create 100,000 jobs, bolster American chipmaking, and make the country the clear leader in bleeding-edge AI applications.

SoftBank already owns 40% of that project and is now set to own 2% of Intel, marking a significant investment in the promise of a turnaround for the beleaguered company and its geopolitical importance in keeping bleeding-edge semiconductors local to America.

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Lip-Bu Tan also served as a board member for SoftBank till 2022, and left amidst the company’s own set of challenges following a few miscalculated investments.

Years later, Son is now investing in Intel. “Masa and I have worked closely together for decades, and I appreciate the confidence he has placed in Intel with this investment,” said Tan. This endeavor aligns with SoftBank’s broader strategies geared toward expanding its presence in the AI market and gaining a foothold in emerging technologies.

Previously, SoftBank invested heavily in Nvidia, owning about 4.9% of the company, but it sold those shares in 2019 when Nvidia’s share price was in a downturn. After losing out on billions in gains in recent years when Nvidia began its meteoric rise, Softbank increased its investment in Nvidia to $3 billion at the beginning of 2025.

As part of its Project Izanagi initiative, Softbank reportedly explored fabricating an AI accelerator of its own with Intel in 2024, but due to a lack of confidence in Intel meeting its performance and volume projections, Softbank pivoted to TSMC for its foundry needs. SoftBank also acquired Graphcore for its AI accelerator IP as part of its larger strategy.

(Image credit: Intel)

Right now, Intel’s foundry business is struggling as its next-gen 18A and 14A process nodes are on the chopping block (the former for external customers) if it can’t secure enough customer commitments. Intel has, however, reiterated that it is its own biggest customer and that the company is committed to chip manufacturing.

SoftBank’s $2 billion stake in Intel demonstrates a great deal of trust in Tan’s leadership, but Son’s history of questionable investment choices means a resurgent Intel is far from a sure thing. Intel has also lost out to Nvidia in the AI race and continues to lose ground in both the consumer x86 and server markets to AMD. Whether Trump’s and Son’s interventions in the fate of the company are enough to save it remains to be seen.

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August 20, 2025 0 comments
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Bitcoin
GameFi Guides

United States’ Bitcoin Holdings Top $24 Billion After Ruling Out Buying

by admin August 18, 2025


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

On-chain data shows the US is one of the world’s largest Bitcoin holders, with its portfolio now exceeding $24 billion. However, recent events have shown that the possibility of the US government increasing its stash is very low. Particularly, the US government’s strategy for cryptocurrency took a new turn this week after Treasury Secretary Scott Bessent clarified that Washington will not be actively buying any additional Bitcoin.

Bessent Rules Out New Purchases But Leaves A Possibility

While speaking in a Fox Business interview, US Treasury Secretary Scott Bessent explained that the government has no plans to buy additional Bitcoin beyond its current reserve. The Treasury chief said the reserve will continue to be funded primarily through assets seized in criminal cases rather than direct purchases. His estimates place the value of the reserve between $15 billion and $20 billion.

Bessent later softened his position on social media, noting that even though the US is not allocating budgetary resources to acquire more Bitcoin, it is committed to “budget-neutral pathways” for expanding reserves to make the country the Bitcoin superpower of the world. The statement suggests that auctions, seizures, and non-traditional acquisitions could still increase holdings in the future, even if the Treasury avoids direct market buys.

Bitcoin Holdings Push Toward $24 Billion

Data from blockchain analytics platform Arkham Intelligence reveals a bigger picture than Bessent’s estimates of $15 billion to 20 billion. According to Arkham, wallets linked to the US government currently hold about 198,022 BTC, valued at approximately $23.42 billion. Many of these holdings originated from seizures related to criminal activity, including the well-known Silk Road case.

The portfolio, however, extends well beyond Bitcoin. Arkham’s data reveals holdings of about 59,951 ETH, worth $273 million, along with 347 million USDT and smaller allocations across other assets such as 750 WBTC, 40,293 BNB, 5,205 WETH, and 13.6 million BUSD. Taken together, the government’s digital asset holdings are valued at approximately $24.27 billion. This figure recently climbed as high as $25 billion during Bitcoin’s surge above $124,000 last week.

Source: Chart from Arkham

Earlier this year, President Donald Trump signed into law the creation of a strategic crypto reserve, a move many interpreted as the start of government-led Bitcoin accumulation. Trump himself had many investors increase their expectations after stating that the United States would prioritize US-based cryptocurrencies like BTC as part of its financial strategy. 

This context is what made Bessent’s recent statement so significant. Although the reserve exists in law, the Treasury has now made it clear that active market purchases of Bitcoin are not on the table for the time being. However, it is clear that the US government isn’t planning to sell its holdings anytime soon, which might flood the market with selling pressure.

BTC trading at $114,859 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, 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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August 18, 2025 0 comments
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Borderlands 4 Promises 30 Billion Guns, Giant Skill Trees, And More
Game Reviews

Borderlands 4 Promises 30 Billion Guns, Giant Skill Trees, And More

by admin August 18, 2025


The overwhelming consensus among the first hands-on demos with Borderlands 4 earlier this summer was that it’s more of the same. If you already like Borderlands, the sequel is likely to provide everything fans usually show up for. If not, well, TBD on how many nonbelievers Gearbox Entertainment manages to win over with its most ambitious looter shooter yet. Much of that will come down to the details, and the studio has been sharing a lot of them recently. Here’s a bunch of stuff we learned about Borderlands 4 this week.

Split-screen co-op returns

Senior project producer Anthony Nicholson wrote on Xbox Wire this week that in addition to supporting local co-op, Borderlands 4 will also let you play with another pair of people in split-screen mode. Two TVs, four-player sessions, tons of chaos. Teaming up has also apparently been streamlined with a better lobby system and improved dynamic level scaling, including the option for each player to set their own difficulty.

Switch 2 won’t have couch co-op

“Switch 2 players will have the same exciting Borderlands 4 experience as other platforms minus the split-screen option, and yes, it will have full cross-play with Epic, Steam, PlayStation 5, and Xbox X|S,” reads the Nintendo version’s support page. The port targets 30fps and arrives on October 3, roughly three weeks after the platforms.

There are over 30 billion guns

Yes, that’s a real stat Gearbox is pushing. One of the reasons for that big number is that Borderlands 4 lets you mix-and-match elements from different in-universe weapons manufacturers. Then there are all of the RNG stat and perk drops you can get. According to Nicholson, the studio created a Matrix-like gun rack to help conceptualize all the possibilities and prevent the game from spitting out combinations that wouldn’t work.

“It was this really large gun map where you could see all of the individual parts for all the individual guns, for all the individual manufacturers,” he told the Epic Games Store blog. “It made it so you could see how each of those things were and how we could have those combinations roll together and how they would work—the slides, the animators, the actions, the art all fitting together. Because a certain gun, if it pumps one way, but there’s a long barrel that goes on the bottom, obviously those parts can’t go together.”

Borderlands 4 has “more passive perks than all the previous Borderlands combined”

Size matters, at least for Gearbox’s marketing guys. The Borderlands 4 map is bigger than the last two numbered entries combined. The guns have four times as many polygons as Borderlands 3. All those billions of guns. You get the idea. The skill tree follows a similar pattern. It sounds more advanced, and potentially overwhelming, than any game prior—more Diablo 4 or Path of Exile than your traditional RPG shooter.

“The Augment and the Capstone system that we have forces you to make a choice and all of them drastically change the ability that each player has,” character designer Nick Thurston told Polygon. “That alone would create more build diversity than we’ve ever had. But then we also have more passives than all the previous Borderlands combined. I think Amon alone has 87 passives, and most Vault Hunters have about 80.”

Techno Viking Amon is Borderland‘s “most complicated” Vault Hunter yet

Amon is the guy with the big fire and ice axes you see in all the Borderlands 4 trailers. But looks can be deceiving. He’s not just a tanky melee character. He’s apparently the poster child for the new game’s build variety. Everyone in a squad could play as Amon, but the styles might all be different, Gearbox claims. Melee, ranged, support, he can do it all. Unlike most of the franchise’s Vault Hunters that pop abilities and then just shoot stuff, Amon’s skills can be deployed in more ways.

“He just has more abilities than any other Vault Hunter numerically because of his trait, which allows him to have forge skills,” Thurston told GameSpot. “I wouldn’t say he’s super complicated, but he has a lot more going on in the middle of combat, and he’s a lot more active than I think a lot of people historically expect from Vault Hunters.” He sounds like a more advanced archetype than some of the others, though Gearbox says he’s still approachable to new players.

Borderlands 4 is inspired by mergers, acquisitions, and fascism

The game takes place on a prison planet called Kairos. Gearbox CEO Randy Pitchford suggests that’s a not-so-subtle illusion to the studio’s rocky period during which it was sold to the poorly conceived Embracer holding company, before trying to escape again. The studio group is now owned by longtime publishing partner 2K Games, part of the broader Take-Two portfolio that includes Grand Theft Auto VI maker Rockstar Games and mobile maker Zynga.

“There’s this cultural and emotional shift in me, personally, and at the studio. What does it mean to trade some autonomy for organization?” he told the Epic Games Store blog: “What does it feel like to move up and down the scale between autonomy and being organized or even being controlled? On one end of a spectrum you have anarchy, and on the other end of the spectrum you have fascism, totalitarianism, zero freedom. It’s not just about societies—that’s all of us as individuals, to imagine where we want to be on that spectrum and how comfortable we are. And we were going through that as a company.”



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