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Polkadot’s Community Supports Plans For a DOT-Backed Stablecoin

by admin September 30, 2025

Polkadot is seeing strong backing regarding a proposal to create a new native algorithmic stablecoin backed only by DOT tokens.

The plan was introduced on Sunday by Bryan Chen, co-founder and CTO of Acala, a project in the Polkadot network. The proposed stablecoin will use the ticker pUSD and aims to provide a native option for Polkadot users.

The proposal explained that that stablecoin would use Acala’s decentralized stablecoin protocol, Honzon, which allows users to lock DOT tokens as collateral. This system is meant to reduce reliance on popular stablecoins like Tether’s USDT and Circle’s USDC.

Community Votes Show Strong Support

Voting on the proposal has already started, and most votes are in favor. Over three-quarters of votes support it. More than 1.4 million DOT, worth about $5.6 million, have already been used to vote. The ballot will remain open for 24 more days, allowing the Polkadot community to weigh in before a final decision.

The proposed stablecoin would be an overcollateralized debt token. This means users can lock DOT as collateral to mint pUSD. There will also be a savings option, so people can lock their pUSD and earn extra interest from fees.

Why a DOT-Backed Stablecoin Matters

Algorithmic stablecoins like pUSD do not operate the same as other stablecoins. They keep the value of a fiat currency without the assistance of traditional reserve bases held by banks or central entities. Instead, blockchain-based smart contracts administer the collateral and change the supply to keep the value static.

However, algorithmic stablecoins remain controversial, especially after the collapse of TerraUSD (UST) which caused widespread losses to those who invested in it

But some experts still see potential. Ki Young Ju, CEO of crypto analytics firm CryptoQuant, said in early May that algorithmic stablecoins could help create “dark stablecoins” that do not follow traditional regulations or sanctions.

Also Read: Solana, XRP ETF Applications Withdrawn Per New SEC Generic Rule

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September 30, 2025 0 comments

Esports

Mental health charity Safe in Our World to run two free awareness sessions for community managers

by admin September 30, 2025

Safe in Our World, the mental health charity aiming to create and foster worldwide mental health awareness throughout the video game industry, is rolling out free mental health awareness workshops for community managers or any developer supporting the wellbeing of their communities.

The free, bespoke three-hour mental health awareness workshops — supported by Humble and facilitated by Mind Fitness — aim to increase online safety and wellbeing, increase knowledge of mental ill health, boost confidence in signposting to mental health resources, and provide participants with tools to identify and manage stress, including establishing healthy boundaries online.

“The role of the Community Manager can seem limitless,” explains Mind Fitness’ Andy Barker. “Without clear frameworks and established expectations, the internal and external demands can be overwhelming.

“We must provide CMs with the tools to look after their own wellbeing, by giving them the knowledge and confidence to signpost players to resources, and switch off when they’re off the clock.”

Prospective participants can sign up on Eventbrite for one of two sessions, one running on October 9 and the other on November 6, 2025.

“It’s wild to think I started my mental health awareness journey doing this training with Mind Fitness and Safe In Our World back in 2021, when I was a fledgling community manager,” added communications and events manager, Em Aspinall.

“I’d recommend this workshop to any CM or anyone in a player-facing role. Or just anyone in games, really.”

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September 30, 2025 0 comments

Crypto Trends

Ripple CEO’s Past Words On XRP’s Utility Resonate Today As Community Awaits ETF Decision

by admin September 29, 2025

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

Ripple CEO Brad Garlinghouse’s comments have long emphasized that the value of XRP is rooted in its utility in the financial world rather than speculation or replacing traditional finance as a whole. One of such comments was made in an old interview which has resurfaced to catch the eye of some XRP investors on the social media platform X. Years later, those comments are being revisited as XRP continues to push for adoption in global markets and as investors are counting down to the SEC’s upcoming decision on Spot XRP ETF applications.

Utility Over Hype: Revisiting Garlinghouse’s Message

A recent video which was posted on the social media platform X by popular XRP commentator JackTheRippler ties back into an interview where Garlinghouse noted how trillions in capital could pour into XRP in the coming years. In that conversation, Garlinghouse explained that hype alone cannot sustain the value of any cryptocurrency, insisting instead that true growth comes from solving real-world problems and building a customer base.

These comments were made in a 2017 interview on CNBC’s Squawk Alley, at a time when cryptocurrencies were mostly valued on speculation alone. In the interview, Garlinghouse pointed out that XRP wasn’t just created to trade on exchanges but was meant to serve a real purpose, which is settling liquidity between banks. At the time, he noted that more than $27 trillion was sitting idle in correspondent banking accounts worldwide to facilitate payments between themselves.

🚨RIPPLE CEO SAYS THAT #XRP SETTLES MONEY IN SECONDS!

TRILLIONS IN CAPITAL COULD POUR INTO XRPL. DRIVEN BY REAL TOKEN, BUILT TO TOKENIZE THE ENTIRE REAL ESTATE SECTOR! DYOR/NFA

💥 GET REAL TOKEN HERE: https://t.co/kYx7u3Ko4Z pic.twitter.com/seidvGLqdy

— JackTheRippler ©️ (@RippleXrpie) September 27, 2025

His vision was that XRP, with its ability to settle transactions in seconds, could free up that capital and make cross-border payments much more efficient. “We use this digital asset called XRP to settle liquidity needs between banks,” he said.

XRPUSD currently trading at $2.78. Chart: TradingView

Even though those words were spoken years ago, they still fit into today’s conversations about XRP. Its adoption potential in the worldwide financial system continues to be the foundation of why many investors believe XRP can stand apart from other cryptocurrencies.

Countdown To US SEC’s Spot XRP ETF Decision

The attention surrounding XRP nowadays is shifting to the regulatory front, with many investors awaiting the outcome of pending Spot XRP ETF applications. After Bitcoin and Ethereum won approval for similar products, many see XRP as the next logical step given its position as the third-largest cryptocurrency.

The US SEC has introduced new listing standards designed to speed up crypto ETF approvals, cutting the review window to 75 days or less. Grayscale’s filing is due for a decision on October 18, followed by 21Shares on October 19, Bitwise on October 20, CoinShares and Canary Capital on October 23, and WisdomTree on October 24.

The eventual launch of a Spot XRP ETF could be the turning point that helps the cryptocurrency take its place alongside Bitcoin and Ethereum in traditional finance.

At the time of writing, XRP was trading at $2.79.

Featured image from Istockphoto, chart from TradingView

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

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September 29, 2025 0 comments

Game Updates

We may never get a Dead Space 2 remake, but this huge community patch fixes a lot of the PC version’s problems

by admin September 27, 2025

I don’t massively feel the need for a new version of Dead Space 2, even following EA’s posh remake of the first, but if you’ve been dreaming of another visit to the game’s sprawling interstellar necropolis, you could do worse than to check out the community-brewed Marker Patch.

Primarily created by Wemino, whose other projects include tune-ups for bullet-time shooter F.E.A.R. and American McGee’s Alice, it’s a cure-all bundle of fixes for various issues with the game’s PC release, including problems created by running it at higher frame-rates on heavier-duty 10 core PCs. Vemino has also increased the max number of genuinely dead Necromorphs that can be present in the environment, forced anisotropic filtering throughout, and added options to stop the game automatically connecting to online services that are no longer offered by EA.

You can find the Marker patch on Github. It’s compatible with both the Steam release and the EA app version, with instructions for getting it working on Steam Deck or Linux. Here is a compressed/curated rundown of the contents I have produced by running my Plasma Cutter crudely over the Github page:

Stabilizes physics behavior at high framerates to eliminate the annoying flying corpses and limbs
Prevents the game from crashing on systems with more than 10 CPU cores
Corrects the VSync implementation to use the refresh rate selected in the game’s settings instead of locking to 30 FPS
Fixes the tracking of Zealot and Hardcore difficulty completions to properly unlock rewards
Resolves item database conflicts where certain DLC suits incorrectly share IDs with other suits
Prevents crashes that can rarely occur when the game enumerates save files
Scales subtitle text appropriately for high resolutions
Implements proper raw mouse input to fix sensitivity issues
Blocks all DirectInput devices except mouse and keyboard to prevent unwanted camera spinning from devices like racing wheels, flight sticks, and other peripherals
Forces anisotropic texture filtering on all textures to improve clarity at oblique viewing angles
Forces proper trilinear filtering for smoother texture transitions between mipmap levels
Prevents connection attempts to EA servers at startup and prevents error messages from appearing
Increases the maximum number of bodies that can remain in the environment
Automatically sets the game to your screen resolution on first launch instead of defaulting to 1024×768
Bypasses the EA/Visceral Games intro video on launch [when you enable this option]
Control which DLC items appear in the store

The patch also does funky stuff with dinputto8 for mod compatibility. I say “funky stuff” because I don’t know what a “dinputto8” is. It could be incredibly routine and entirely non-funky. For all I know, I’m basically saying “the patch does funky stuff with running on computers powered by electricity”. Anyway, all the features can be customised individually. “The patch uses sensible defaults that work for most users, but allows fine-tuning of every aspect,” writes Wemino.

The odds of a full Dead Space 2 remake seem low at this stage. In April 2024, the rumour was mongered that EA had cancelled such a project in light of the original remake’s sales. EA have denied this, and we’ve heard barely a squeak of Dead Space since.

In our Dead Space remake review from January 2023, Liam Richardson (RPS in peace) summarised it as “luxuriously improved in small but considered ways”. I myself enjoyed EA Motive’s fancy reinterpretation of original developer Visceral’s spacecraft setting, but found a lot of it to be adding widgets and sparkle for the sake of it. In particular, I found Isaac Clarke more compelling when he couldn’t speak.

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September 27, 2025 0 comments

GameFi Guides

DeFi Community On Alert Following Hypervault’s $3.6 Million Suspected Rug Pull

by admin September 27, 2025

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

Decentralized finance (DeFi) protocol HyperVault is suspected to have executed a “rug pull,” as on-chain analytics account PeckShield noted an abnormal outflow of funds from the protocol, worth close to $3.6 million.

DeFi Protocol HyperVault Pulls The Rug

According to an X post by on-chain analytics account PeckShield, Hyperliquid-based DeFi protocol HyperVault appears to have pulled a quick one on its users, defrauding them of funds worth almost $3.6 million.

PeckShield noted that the stolen funds were bridged from Hyperliquid to Ethereum, swapped into ETH, and then 752 ETH were deposited into Tornado Cash. For the uninitiated, Tornado Cash is a popular crypto mixer that is typically used by hackers to erase their on-chain trail.

Notably, UPUMP tokens worth $191,494, USDC worth $107,358, WHYPE worth $1.55 million, and several other tokens were stolen from HyperVault. PeckShield noted that HyperVault have also deactivated all their socials – including the X handle – virtually confirming the rug pull.

To explain, a rug pull is a type of crypto scam where developers suddenly abandon a project and drain its funds, leaving investors with worthless tokens. It’s common in DeFi and NFT spaces, where anonymity and lack of regulation make quick exits easier.

HyperVault offered “unmanaged” auto-compounding vaults, strategy adapters, and keeper-bot harvests. These features helped users route their digital assets to lending, looping, and concentrated liquidity venues on HyperEVM.

Another X user HypingBull, commented, saying that they had been warning about HyperVault since September 4. In an X post, the user stated that the protocol’s developers lied to them about audits, adding:

I have just reached Pashov (blockchain audit firm) on Telegram, asking if Hypervaut is doing an audit via them. The answer was: “First time I hear the project with this name”. WTF? This is super suspicious. I am withdrawing all the funds from the protocol until the team clarifies what’s going on.

Unfortunately, users continued to deposit funds into the DeFi protocol, lured by the protocol’s promised 90% APR yields on HYPE tokens. However, the extraordinarily high-yield promises at the time did not raise the alarm among users.

That said, the HYPE token appears to be minimally impacted by this suspected rug pull, as it is trading at $42.89 at the time of writing, up 2.8% on the day. However, the token is down almost 25% over the past week.

Crypto Still The Wild West?

While the total crypto market cap now hovers over $3.8 trillion, the safety of users continues to be a major factor hindering the industry from mainstream adoption. For example, crypto phishing attacks recorded a significant surge in August 2025, impacting as many as 15,230 victims, resulting in a loss of $12 million in user funds.

Similarly, the THORChain Founder lost $1.35 million earlier this month after a deepfake Zoom and Telegram scam. At press time, Bitcoin (BTC) trades at $109,488, down 1.6% in the past 24 hours.

Bitcoin trades at $109,488 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash.com, chart from TradingView.com

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September 27, 2025 0 comments

FTT token activity surges after SBF's post (The Tie)

NFT Gaming

Sam Bankman-Fried’s Sudden ‘gm’ Lifts FTT Token Drawing Crypto Community Ire

by admin September 24, 2025

“What”: a simple reply by crypto influencer Gainzy pretty much summed up the sentiment when the notorious convicted fraudster Sam Bankman-Fried, or SBF, seemingly posted on social media after a long hiatus (and despite being in jail).

To make matters worse, the token linked to defunct crypto exchange FTX surged nearly 24% in the last 24 hours, after his X account posted a simple “gm” on Tuesday.

This simple post seems to have been taken as an opportunity by speculative crypto traders to pump the FTT token, which now has no value associated with it, nearly 50%-60% within minutes, reaching a peak of around $1.20-$1.23. Despite his incarceration and clarification that the post was made by a “friend” on his behalf, the token is still up 25%, trading around $1.014, according to CoinDesk data.

The FTT token has also seen a sharp increase in activity and trading volumes following the post, according to data compiled by The Tie.

The number of active addresses reached 201, significantly outpacing the monthly average of 56, The Tie said. Additionally, centralized exchange deposits doubled, reaching 13, while withdrawals quadrupled to 38 compared to the monthly average, it added.

‘Wen memecoin’

The crypto community on X reacted swiftly with anger, skepticism and humor to SBF’s post.

One of the most scathing replies came from on-chain investigator ZachXBT. In a now-deleted post, he condemned SBF, stating that he “deserves zero human rights” due to the harm caused by FTX’s collapse. His view reflects a segment of the community’s lingering resentment towards FTX’s collapse, which hurt investors who are still waiting for some of their funds from its bankruptcy estate and the broader crypto community.

Read more: Who Won and Lost Most in Sam Bankman-Fried’s Criminal Scheme?

Other community members, including Laura Shin, mocked SBF’s sudden social media activity, saying, “That’s so 2021.”

Meanwhile, Arthur Hayes, the BitMEX co-founder who now runs crypto venture fund Maelstrom, took a humorous jab, replying “Wen memecoin?” — a likely playful reference to the speculative, meme-driven nature of the surge in FTT token after SBF’s unexpected post. This potentially underscores a view that the price movement was more about market psychology than substance.

Not the first time

The surge in FTT token — once a key utility token for trading fee discounts and staking benefits on the FTX exchange — has been largely dormant since the platform’s spectacular implosion that ushered in a brutal crypto winter that devastated many investors.

However, strangely enough, this is not the first time this has happened. The same thing unfolded in February of last year, when the SBF’s account posted on X for the first time in two years. At the time, he was detained in the Metropolitan Detention Center in Brooklyn, and his lawyers were working through an appeal of his conviction (the appeal is ongoing, with arguments currently scheduled for November 2025).

The new social media post also came as the FTX estate continues to work to repay creditors.

The FTX Recovery Trust is set to release $1.6 billion to creditors at the end of this month, marking the third major payout since the crypto exchange’s implosion nearly three years ago.

This recent activity, though potentially short-lived, shows the token still reacts sharply to headlines and sentiments — especially those tied to its controversial founder.

Read more: Private Jets, Political Cash Among $1B in Sam Bankman-Fried’s Forfeited Assets: Court

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September 24, 2025 0 comments

NFT Gaming

Why Is Community Divided on Bitcoin Core v30?

by admin September 23, 2025

The Bitcoin Core v30 update has split the Bitcoin community apart. There are now pro- and anti-Core v30s in the Bitcoin space. The latest debate is fueled by Luke Dashjr, a prominent developer renowned for his work on Bitcoin Knots. Dashjr, in a post on X, maintains that running Core v30 is an endorsement of child sexual abuse materials (CSAM).

Bitcoin Core v30 creates Dashjr vs. Song divide

For perspective, Bitcoin Core is a software that serves as a node on the network, providing a BTC wallet that fully verifies network payments. Core v30 is an upgrade from the previous version, and it is scheduled for release in October 2025.

Notably, Dashjr was reacting to a vlog posted by Jimmy Song, a pro-Core v30 developer who believes that running the software on the network is not an existential threat to the asset. According to Song, while it is true that some bad actors could leverage it to spread CSAM content, it still will not kill Bitcoin.

Song opined that node runners are not liable as verification is not equal to aiding and abetting the content. He maintained that Core v30 does not display images or videos and, as such, simply verifying does not make one a party to the evil activities of the bad actors.

Wrong. Very wrong. By running Core30 you aren’t just verifying the CSAM, you are actively supporting, storing, and distributing it. No additional tools are needed to access it either (aside from standard http request and image viewer, which there’s plenty of precedent on being…

— Luke Dashjr (@LukeDashjr) September 22, 2025

However, Dashjr strongly disagrees with this position, insisting that by running Core v30, the user is not just verifying the CSAM; they are also endorsing it. He considers it to be support as it aids in distribution and storage of those materials.

Dashjr explained that no additional tool is required to access such content put up by bad actors. This implies that anyone with a browser or image viewer could easily retrieve and view such content. Hence, Dashjr warned that “this will kill Bitcoin almost immediately if Core 30 gets significant adoption.”

Bitcoin community’s split response

This debate has lingered over long-standing concerns that include its dominance and the content that could be embedded in Bitcoin’s blockchain. Many have expressed worries that it could store other forms of data, including CSAM, beyond financial transactions.

Although Bitcoin Core minimizes legal risk already, Luke Dashjr claims that Core v30 could open the door for explicit content and “kill Bitcoin.” However, Jimmy Song disagrees, waving it off as mere exaggeration.

Users in the space are also divided in their opinion on the matter. Some alleged that those against an upgrade to Core v30 were just using CSAM as a fear, uncertainty and doubt (FUD) mechanism. Others in the space called for careful consideration, given the permanence of the blockchain.

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September 23, 2025 0 comments

WASHINGTON, DC - MAY 28: Turning Point USA co-founder Charlie Kirk stands in the back of the room as U.S. President Donald Trump speaks during a swearing in ceremony for interim U.S. Attorney for Washington, D.C. Jeanine Pirro in the Oval Office of the White House on May 28, 2025 in Washington, DC. Trump has announced Pirro, a former Fox News personality, judge, prosecutor, and politician, after losing support in the Senate for his first choice, Ed Martin, over his views on the January 6, 2021 attack on the U.S. Capitol. (Photo by Andrew Harnik/Getty Images)

Product Reviews

Ready or Not studio fires community manager for saying ‘nothing of value was lost’ following Charlie Kirk’s shooting

by admin September 22, 2025

Void Interactive, developer of the controversial SWAT simulator Ready or Not, has confirmed that it has terminated its community manager following an uproar over a comment they made in the game’s Discord about Charlie Kirk’s murder.

As reported by Kotaku, the comment was made after the community manager, known as Kaminsky, was asked to add variations of Kirk’s name to the list of filtered words on the Discord server. “Funny you mention that because me and my roommate are literally just talking about him getting shot,” Kaminsky replied. “All I have to say is: Nothing of value was lost.”

(Image credit: Kaminsky (Discord))

Images of the comment were quickly shared on Reddit and social media channels, along with demands that Kaminsky be fired. Void Interactive very quickly complied: Kaminsky was removed from the Discord server and their presence largely scrubbed from Void Interactive’s website, and just ahead of the weekend the studio posted a message on Steam saying Kaminsky was gone.

“We are aware of comments made by our community manager about a recent tragic event,” Void Interactive wrote. “These statements do not reflect our values or represent our company.

“We have ended our relationship with this individual and reminded our team of the responsibility we all share when communicating on public platforms. Our focus remains on fostering a respectful and professional community around Ready or Not.”

(Image credit: Void Interactive)

Kaminsky’s dismissal came at roughly the same time as that of Drew Harrison, an artist at Ghost of Yotei studio Sucker Punch, who was fired after nearly 10 years for writing, “I hope the shooter’s name is Mario so that Luigi knows his bro got his back”—a reference to Luigi Mangione, the prime suspect in the 2024 murder of UnitedHealthcare CEO Brian Thompson—shortly after Kirk was shot.

Earlier today, Storm Lancers developer ProbablyMonsters announced that it too had fired someone for making comments it said “were offensive and violated our social media policy.” Other studios, including Blizzard and Bethesda, have also been targeted by campaigns calling for similar crackdowns on employees making negative comments about Kirk.

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September 22, 2025 0 comments

Esports

Roblox appoints Vlad Loktev as chief creator ecosystem officer to “strengthen relationships with the creator community”

by admin September 22, 2025

Roblox has appointed Vlad Loktev as chief creator ecosystem officer within its creator division.

Lotev will start on September 29 and lead creator success efforts, including “building an integrated suite of development tools, developer relations, as well as platform events, strengthening Roblox’s relationship with the creator community.”

“As Roblox tracks towards its goal of 10% of all gaming content revenue flowing through the Roblox ecosystem and being distributed within our community of creators, Vlad will play a key role in supporting the community making it all possible,” the company said.

“The energy and potential of our creator community has never been more powerful. Roblox recently broke records last month with more than 45 million concurrent users playing games like Grow a Garden, Steal a Brainrot (which has now surpassed the world record for most concurrent users in a single game with 24.2M CCU), and Dress to Impress.”

Earlier this month, Roblox announced a “suite of innovations” across AI and creator monetization, and revealed that over the last year, creators earned over $1 billion through the DevEx program.

At the recent Roblox Developers Conference, the company laid out a number of new initiatives, including plans to boost the Roblox Developer Exchange (DevEx) rate for all creators by 8.5%, explaining that “now, 100,000 earned Robux will equal $380, rather than $350 when converted to cash.”

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September 22, 2025 0 comments

Esports

Void Interactive ends “relationship” with Ready or Not community manager over Charlie Kirk comments

by admin September 22, 2025

Ready or Not developer, Void Interactive, has ended its “relationship” with the game’s community manager, following comments they made about the assassination of conservative commentator Charlie Kirk in the tactical FPS’s official Discord server.

As reported by Kotaku, Ready or Not’s community manager, known as ‘Kaminsky’, was asked last week to add variations of “Charlie Kirk” to the server’s filtered words list.

In response, Kaminsky replied: “I just did Charlie. Funny you mention that because me and my roommate are literally just talking about him getting shot. All I have to say is: Nothing of value was lost.”

“Yeah but that’s not our official position,” replied a server moderator.

Following the post, multiple users on X posted screenshots of the exchange, calling for Void Interactive to take action over the comments.

On September 19, 2025, Void Interactive posted a statement from its official X account (and on Steam) addressing the comments and announcing it had “ended” its “relationship” with Kaminsky.

“We are aware of comments made by our community manager about a recent traffic event,” the statement reads. “These statements do not reflect our values or represent our company.”

“We have ended our relationship with this individual and reminded our team of the responsibility we all share when communicating on public platforms,” the post continued.

“Our focus remains on fostering a respectful and professional community around Ready or Not.”

When GamesIndustry.biz asked for further comment on this, including confirmation on whether Kaminsky was a full-time Void Interactive employee or volunteer, a spokesperson pointed us toward the Steam statement and said: “The team at Void Interactive would like to stand by the message they posted on the Steam Page.”

Last week, Sucker Punch Productions fired a senior artist on Ghost of Yotei over a joke she made about Charlie Kirk, who was assassinated during a speaking event on September 10, 2025.

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September 22, 2025 0 comments