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Boosts

Kanye West’s YZY Meme Coin Boosts Meteora DEX Trading Volume to $1.18B

by admin August 22, 2025

The Solana-based decentralized exchange (DEX) Meteora has become a trending crypto trading platform in the past 24 hours with it seeing a drastic surge in daily trading volume . The climb was supported by the trend linked to Kanye West’s YZY token which set a buzz within the crypto community.

During the YZY trend, Meteora handled over $1.183 billion in trading volume. Raydium, the long leading Solana DEX, trailed behind during the same period with less than $1 billion in trading volume in the last 24 hours—as per DeFillama data.

Fees and Market Impact

With the notable spike in trading volume, Meteora also collected over $16 million in fees in 24 hours. That figure was second only to Tether, placing Meteora ahead of other major platforms across the wider crypto market.

The YZY token has been central to the attention with its launch bringing a surge of traders, sending record liquidity through Meteora. Some say meme tokens create quick surges while others argue the event shows Solana’s ability to attract new demand and keep users engaged.

Competition among Solana-based DEXs

Raydium’s fall from the top spot is significant as the exchange has been the backbone of Solana trading for years. Its drop shows how quickly traders shift when new tokens or incentives appear.

The bigger picture is rising competition. Solana DEXs are battling for liquidity, and tokens often decide where traders move. Also, we can see the rivalry growing as more platforms fight for users and fees.

Meteora’s trading volume rise shows the influence of meme tokens in DeFi. On Solana, hype can move liquidity almost overnight. For investors and developers, the question is whether the momentum lasts or fades once the YZY hype cools. As of press time, YZY token price has declined over 70% in the last 24 hours.

Also Read: CFTC Launches Second Crypto Sprint to Implement Trump Plan

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August 22, 2025 0 comments

NFT Gaming

Will GameStop Buy More Bitcoin? GME Boosts Latest Fundraise to $2.7 Billion

by admin June 26, 2025

In brief

GameStop just raised another $450 million that it can use to buy Bitcoin, per its investment policy.
The firm bought $512 million worth of Bitcoin back in May after completing a convertible notes offering.
GameStop’s share price has fallen sharply since the firm started making Bitcoin-related moves.

GameStop, the prominent video game retailer that’s building a Bitcoin treasury, generated an additional $450 million in fundraising that it can use to buy BTC, according to a filing with the SEC.

The raise boosts its previous convertible notes offering to $2.7 billion in total after the initial purchaser exercised its option to purchase the additional $450 million in 2030 notes. The offering was previously upsized from $1.75 billion to $2.25 billion.

While plans for the net proceeds do not specifically mention Bitcoin, it gives room for the firm to purchase the top cryptocurrency.

“The company intends to use the net proceeds from the greenshoe exercise for general corporate purposes, including making investments in a manner consistent with the company’s investment policy and potential acquisitions,” reads the recent filing.

That investment policy includes the option to invest in Bitcoin, like it did in May, buying 4,710 BTC valued at $512 million at the time of purchase and around $506 million at today’s prices.

The firm first hinted at its intentions to buy BTC in March, highlighted by a photo between its CEO Ryan Cohen and Bitcoin proponent and Strategy (formerly MicroStrategy) Chairman Michael Saylor. Strategy holds nearly $64 billion worth of Bitcoin, and pioneered the crypto treasury model that GameStop has since adopted.

Since then, GameStop has utilized convertible notes offerings to raise funds for potential Bitcoin additions, following in the path that Saylor and Strategy have outlined for Bitcoin treasury companies.

Yet while Strategy routinely adds to its Bitcoin stack, typically announcing weekly buys, GameStop’s future with the leading cryptocurrency is a bit less obvious. In a recent interview, Cohen said the firm was “not going to call our shots in advance” referring to Bitcoin purchases, and added that the firm is “not following anyone else’s strategy.”

The firm’s recent Bitcoin and fundraising plans have not benefited its stock price.

Shares of GameStop (GME) fell more than 10% to a level of $30.73 after it announced its first purchase of Bitcoin in May. They fell again when it announced its second convertible notes offering, which has now been bumped to nearly $2.7 billion after its upsizing and subsequent greenshoe exercise.

Shares were down marginally earlier Wednesday, but finished the trading day up about 1%. Nevertheless, at $23.55, GME is down about 23% year-to-date.

GameStop’s stock skyrocketed during the meme stock phenomenon that pitted Wall Street against Redditors and retail investors in a short-squeeze battle.

The firm has participated in crypto beyond Bitcoin, attempting to build an Ethereum NFT marketplace before ditching it in early 2024. It also ditched its NFT wallet in 2023, citing regulatory uncertainty in both instances.

Edited by Andrew Hayward

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June 26, 2025 0 comments

Crypto Trends

BTC Miner Boosts Credit Facility With COIN

by admin June 24, 2025

Bitcoin mining firm Hut 8 (HUT) said on Tuesday that it expanded its bitcoin-backed credit facility with Coinbase Credit to $130 million, up from $65 million.

The amended agreement also comes with a fixed interest rate of 9% versus the previous floating rate of between 10.5% and 11.5%. The maturity of the facility was extended to July 16, 2026.

“This facility has been an efficient source of capital on our balance sheet,” said Sean Glennan, Hut 8’s chief financial officer. “The combination of improved terms and collateral and borrower protections reflects our conviction that risk discipline is essential to building a resilient and efficient capital structure.”

Unlike many traditional loans, this one is secured by bitcoin holdings. Coinbase, however, is restricted from rehypothecating the collateral, a measure that limits counterparty risk. The credit line also includes a limited recourse clause, further shielding Hut 8.

The company said it will use the additional $65 million in capital to pursue expansion efforts.

HUT shares are higher by 7.7% on Tuesday alongside gains for most of the bitcoin mining sector.

Hut 8 operates a network of mining and data infrastructure assets across North America, with over 1,000 megawatts (MW) of energy capacity under management.

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June 24, 2025 0 comments

Game Reviews

Netflix anime boosts Devil May Cry 5 sales to over 10m

by admin June 14, 2025

Devil May Cry 5 is the latest Capcom game to surpass the 10m units sold milestone.

The studio shared the news today, crediting the game’s “advanced story and action elements” for its ongoing popularity, as well as the addition of a new playable character.

There is one other thing that has given Devil May Cry a bit of a sales boost in more recent months – the arrival of Netflix’s Devil May Cry anime series back in April. Based on previous sales data, Devil May Cry 5 has shifted approximately 9k units since the show’s debut.

Devil May Cry season one trailer. Watch on YouTube

Celebrating Devil May Cry’s latest sales milestone, Capcom said the anime had been met with critical acclaim and boasts more than 5.3m views.

“As a result of the game’s exhilarating action, and due to efforts to enhance brand awareness by leveraging the title beyond the scope of videogames, including television adaptations, the title has now exceeded 10m units in cumulative sales worldwide,” Capcom wrote.

The Devil May Cry video game series as a whole has now sold more than 33m units since the first title was released all the way back in 2001. “Capcom remains firmly committed to satisfying the expectations of all stakeholders by leveraging its industry-leading game development capabilities in order to create highly entertaining gameplay experiences,” the company closed.

As for the Netflix adaptation, Devil May Cry has been renewed for a second season. The first season followed demon hunter Dante as he was pitted against the powerful White Rabbit who had ideas to unleash hell on earth, because things just aren’t bad enough already.

Along with Johnny Yong Bosch as Dante, the first series of Devil May Cry included legendary Batman voice actor Kevin Conroy as VP Baines.

“Netflix’s long-gestating animated adaptation of Capcom’s venerable hack-em-up gives Dante his blockbuster action hero moment,” reads Eurogamer’s Devil May Cry season one review.

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June 14, 2025 0 comments

NFT Gaming

Bitcoin Treasury Firm GameStop Boosts Convertible Bond Offering to $2.25 Billion

by admin June 13, 2025

In brief

GameStop upsized its latest offering of convertible senior notes to $2.25 billion from $1.75 billion.
Although GameStop shares held ground on Friday, they fell 24% throughout the week.
GameStop purchased 4,710 Bitcoin last month.

GameStop upsized its latest offering of convertible senior notes to $2.25 billion from $1.75 billion, the video game retailer said in a press release published late on Thursday.

Shares dropped earlier this week after the Grapevine, Texas-based firm said that it would offer investors more convertible bonds, following a similar, $1.5 billion raise in April.

Although GameStop shares held ground on Friday, they fell 24% throughout the week, closing at $22.14, according to Yahoo Finance. Shares changed hands around $28.36 when GameStop said that it had the ability to start buying Bitcoin in late March.

The company’s latest batch of convertible bonds, which will bear no interest, will have a conversion price of approximately $28.91 per share, which may change “in some events,” GameStop said in the press release on Thursday. That represented a 32.5% premium compared to the company’s average stock price on Thursday afternoon Eastern Time, it added.

Companies like Strategy, MicroStrategy, have been able to grow the amount of Bitcoin they own per share—that’s the company’s stated aim for maximizing shareholder value—by raising funds at a premium relative to their Bitcoin holdings and shoveling that cash into the asset.

With GameStop, whether the company will make another Bitcoin purchase is less clear. GameStop purchased 4,710 Bitcoin last month, but in a recent interview, company CEO Ryan Cohen said that the company will not telegraph future purchases and isn’t following any other firm that’s buying the leading cryptocurrency by market value.

In the press release, GameStop reiterated that proceeds from the offering will be used for “general corporate purposes, including making investments in a manner consistent with GameStop’s Investment Policy and potential acquisitions.”

The brick-and-mortar retailer tried to expand beyond selling video games and consoles years ago by launching an NFT marketplace, which was shuttered early last year. At the company’s annual shareholder meeting, Cohen recently said that GameStop would embrace trading cards, which made up 29% of first-quarter sales, per Fortune.

“We’re focusing on trading cards as a natural extension of our existing business,” he said. “The trading card market, whether it’s sports, Pokémon or collectibles, is aligned with our heritage.”

Edited by James Rubin

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June 13, 2025 0 comments

NFT Gaming

Bitcoin Miner Bitdeer Boosts BTC Production as Mining Industry Rebounds

by admin June 11, 2025

In brief

Bitcoin miners were struggling earlier this year, as the price of the leading digital coin took a hit.
But BTC is recently surging, hitting a new all-time high mark in May and remaining close to that level.
Miners are minting more coins, with Nasdaq-listed Bitdeer producing 18% more in May than the month before.

Bitcoin miner Bitdeer in May minted 196 BTC, an increase of over 18% from April—the latest monthly gain registered by a publicly traded miner as the industry slowly recovers from headwinds caused by a dip in the leading cryptocurrency’s price and rising difficulty.

Nasdaq-listed Bitdeer (BTDR) reported Wednesday that it also increased its hashrate to 13.6 exahash per second from 12.4 the previous month, due to new mining machinery. Exahash is a measurement of computational power.

Data from Farside Investors shows that four Bitcoin top miners—CleanSpark, MARA, Riot Platforms, and HIVE—minted more BTC in May than in April. Data for five other miners was not yet available.

The Bitcoin mining industry has grown more challenging this year, as competition has increased for smaller rewards but the price of the digital asset dropped, making it harder for mining operations to cover costs. After last year’s halving, miner rewards for verifying transactions on the blockchain sank from 6.25 Bitcoin to 3.215, or about $340,000 worth based on current prices.

Top miners were forced to sell more coins than usual to make ends meet. In April, Bitcoin’s price dipped below $75,000 per coin, falling more than 20% over the course of a month as President Trump’s tariff announcements rocked global markets.

But a surge in the price of the leading cryptocurrency may be helping. Bitcoin broke a new price record in May of $111,814, and is now just shy of 3% of that high mark, CoinGecko data shows.

Mining operations are typically large warehouses full of specialized computers racing to add blocks to the cryptocurrency’s blockchain.

Blocks are added to Bitcoin’s ledger of transactions, and miners are rewarded for their speed with newly minted digital coins. But the industry requires a lot of equipment and energy, and the odds of success are low.

Miners are scattered across the world, but the U.S. has the highest percentage of global hashrate.

President Trump campaigned on a ticket to help the industry and said he wanted all future BTC to be minted in the country.

Edited by James Rubin

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June 11, 2025 0 comments

GameFi Guides

Chainlink boosts oracles, while Lightchain AI expands ecosystem with $150k grant pools

by admin June 10, 2025

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

Chainlink boosts oracles again, while Lightchain AI fuels dev growth with $150k grants and a July mainnet launch.

Chainlink continues to enhance its oracle solutions, solidifying its role in providing reliable off-chain data to smart contracts. Meanwhile, Lightchain AI is enhancing its ecosystem differently by deploying $150,000 in grant pools to fuel developer innovation and ecosystem growth.

Having completed all 15 presale stages and entering the Bonus Round, Lightchain AI is building momentum through tangible support for builders focused on AI-native blockchain applications. With a purpose-built virtual machine and a consensus model that rewards meaningful computation, the project is attracting long-term contributors as it gears up for its July 2025 mainnet launch.

Chainlink strengthens its core with ongoing oracle innovations

Chainlink continues to reinforce its position as a decentralized oracle technology leader with ongoing advancements to strengthen its core infrastructure. The implementation of OCR has greatly increased the scalability of Chainlink and decreased congestion on-chain, resulting in depositing data faster and more cost-efficiently into smart contracts. Further, the Chainlink Runtime Environment (CRE) provides a modular, blockchain-agnostic framework that simplifies the process of creating DApps and enables DApps to interact across different blockchains.

Chainlink’s focus on interoperability is also reflected through the implementation of its Cross-Chain Interoperability Protocol (CCIP), which provides secure data and asset transfers across multiple blockchains. This protocol aims to connect universal liquidity to enable sophisticated cross-chain applications. Furthermore, Chainlink’s partnership with TRON DAO, through which Chainlink Data Feeds are now the official oracle solution securing trillions in DeFi TVL, highlights its critical efforts in improving the reliability and security of DeFi ecosystems.

These advancements not only reinforce Chainlink’s core capabilities but also expand its utility across various sectors, including finance, gaming, and supply chain management. By continuously evolving its oracle solutions, Chainlink is paving the way for more robust and versatile blockchain applications.

Lightchain AI Fuels builder growth through $150k developer grant pools

Lightchain AI has launched a $150,000 Developer Grant & Ecosystem Incentive Program to accelerate innovation at the intersection of artificial intelligence and blockchain. Announced on May 15, 2025, this initiative offers milestone-based grants of up to $5,000 per project, targeting developers building AI-integrated dApps, DeFi protocols, NFT platforms, and analytics tools on Lightchain’s Ethereum-compatible Layer-1 network.

Beyond financial support, participants gain access to technical assistance, co-marketing opportunities, and increased ecosystem visibility. This program aims to lower entry barriers for developers and foster sustainable, value-driven growth in decentralized AI applications.

By incentivizing projects that align with its vision of intelligent smart contracts and on-chain decision-making, Lightchain AI is positioning itself as a catalyst for the next wave of blockchain innovation.

A chance to shape the future with Lightchain AI is here

The much-awaited moment has arrived — an exclusive opportunity to invest in Lightchain AI, just as momentum is reaching its peak. With 40% of the supply dedicated to presale and 15% set aside for staking rewards, our tokenomics are designed to reward early adopters and fuel long-term growth. And here’s the kicker: the original 5% Team Allocation has been completely removed, proving our commitment to transparency and trust.

Powered by cutting-edge sharded architecture for scalable AI execution, Lightchain AI isn’t just an idea; it’s ready for real-world use. But time is ticking! The Bonus Round won’t last forever, and with excitement building ahead of the mainnet launch, now could be the time to act.

Don’t miss the chance to be part of something big. Secure a stake in the future today!

For more information on Lightchain AI, visit its website, X, or Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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June 10, 2025 0 comments

GameFi Guides

Strategy Boosts STRD Preferred Stock Offering to $1 Billion to Buy Up Bitcoin

by admin June 8, 2025

In brief

Strategy upsized its offering of STRD to $1 billion from $250 million.
The preferred stock pays a 10% quarterly dividend.
Strategy’s Michael Saylor described it as the fourth gear in the BTC treasury company’s “Bitcoin engine.”

Strategy, formerly MicroStrategy, has increased its offering of perpetual Stride preferred stock, or STRD, to $1 billion from $250 million alongside the product’s pricing, according to a company blog post published on Friday.

Strategy said the product, which will pay investors a 10% non-cumulative dividend, will be offered to the public at $85 per share. In terms of the offering’s proceeds, Strategy will walk away with $979 million to add to its Bitcoin stockpile, the company added.

STRD represents the third form of preferred stock established by Strategy so far this year, accompanying the company’s STRF and STRK products. Each offering has unique features and benefits, between redemption features and the ability for dividends to accrue. Strategy originally planned to offer STRD to investors at $100 per share.

STRD, unlike Strategy’s STRF offering, which also pays an 10% quarterly dividend, does not allow for the accrual of missed dividend payments. And unlike Strategy’s STRK offering, STRD does not allow an investor to convert the preferred stock into common shares at a later date. STRD is non-callable for life, meaning the preferred stock has no associated maturity date.

“It’s our high-yield credit instrument,” Strategy co-founder and Executive Chairman Michael Saylor said in a video that he shared to X this week. “Compared to STRK or STRF, it should be a higher-yielding preferred instrument.”

During a presentation, Saylor shared a graphic stating that STRD, which is listed on the Nasdaq, has “limited” sensitivity to Bitcoin’s price. In terms of seniority, STRD investors rank behind STRF and STRK’s holders, yet they come before common shareholders.

“STRD represents the fourth gear in our Bitcoin engine,” he added. “The point of our engine is to generate BTC torque via surgical management of our [at-the-money offering programs].”

The firm currently holds 580,995 Bitcoin, or $60.9 billion worth as of this writing. Bitcoin is currently priced at $104,638, basically flat over the past 24 hours and rebounding from a brief dip below the $101,000 mark Thursday afternoon.

Strategy’s stock price rose as high as $377.80 during pre-market trading on Friday but began sliding after the opening bell, according to Yahoo Finance. Now they’re up even higher, trading hands around $378.26, a 2.6% increase.

Edited by James Rubin

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June 8, 2025 0 comments

Dow drops 115 points as S&P 500’s six-day rally ends

NFT Gaming

US stocks rally as Trump delays EU tariffs, boosts trade optimism

by admin May 27, 2025

U.S. stocks soared Tuesday after President Donald Trump agreed to delay a proposed 50% tariff on European Union imports.

This pause eased investor concerns over an escalating trade war and paved the way for accelerated negotiations.

The Dow Jones Industrial Average rose nearly 740 points while the S&P 500 climbed 2.05%. The tech-heavy Nasdaq Composite jumped 2.46%, with shares of Nvidia, Tesla, and Apple posting strong gains.

Markets reopened following the Memorial Day holiday to a flurry of positive signals. U.S. President Donald Trump said over the weekend that the tariff hike, initially set for June 1, would be pushed back to July 9 following talks with European Commission President Ursula von der Leyen.

The European Union, in turn, agreed to expedite trade discussions in hopes of averting the “mutual pain of tariffs,” according to EU trade chief Maroš Šefčovič.

Consumer confidence rebound

Investor sentiment was further buoyed by a rebound in consumer confidence, which rose in May after five months of declines. Tuesday’s broad market rally saw more than 90% of S&P 500 components close higher. Small-cap stocks also gained, with the Russell 2000 up more than 2%.

The optimism extended to the bond market, where U.S. Treasurys rallied and yields fell. The 10-year yield slipped to 4.43%, while the 30-year yield dropped to 4.94%. The dollar strengthened, and global bond markets responded positively to speculation that Japan will scale back long-term bond issuance after recent volatility.

Investors are now turning attention to a busy week of economic data and earnings. Minneapolis Fed President Neel Kashkari called for the central bank to hold interest rates steady amid ongoing trade uncertainty.

Meanwhile, Nvidia is set to report quarterly results Wednesday, with Okta, Macy’s, and Costco also on deck.

Tuesday’s rally helped reverse last week’s losses, which were triggered by Trump’s initial tariff threats. Analysts say the back-and-forth has kept markets volatile but hopeful.

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May 27, 2025 0 comments

A modded GTX 970 graphics card with 8GB VRAM

Gaming Gear

Nvidia GTX 970 memory mod boosts performance with 8GB VRAM upgrade

by admin May 26, 2025

The Nvidia GeForce GTX 970 was a promising graphics card at launch offering performance similar to AMD’s Radeon R9 290X at a more affordable price range. Ten years later, the GPU has been given a new life thanks to Brazilian modder Paulo Gomes and his team who managed to add more VRAM, doubling the original from 4GB to 8GB.

To increase the memory, the mod involved replacing the original 512MB, 7 Gbps GDDR5 memory modules with 1GB, 8 Gbps chips along with a resistor so that the GPU can recognize the higher density VRAM. By having access to 8GB of upgraded VRAM, the modder noted an improvement in Unigine Superposition benchmark showing nearly double the score.

This one-of-a-kind Asus Strix-branded RX 970 was then handed to Youtuber Peperaio Hardware to evaluate whether increasing VRAM on an older GPU translates to any improvement in gaming. Testing was done using a mix of old and new games where titles like Red Dead Redemption 2, GTA V Enhanced, and Plague Tale Requiem didn’t show any signs of improvement. The results were compared to a Gigabyte Windforce GTX 970 with 4GB of memory.