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Christie’s Scales Back on NFTs as Art Market Faces Decline
NFT Gaming

Christie’s Scales Back on NFTs as Art Market Faces Decline

by admin September 9, 2025



UK auction giant Christie’s is reportedly closing its department that handles non-fungible token sales, putting it under a broader department amid a global decline in the art market.

The “strategic decision” will see the 258-year-old British auction house continue to sell digital art such as non-fungible tokens (NFTs), but now within the larger 20th and 21st-century art category, according to a report on Monday from Now Media that cited a statement from a Christie’s spokesperson.

At the same time, Now Media reported the auction giant laid off two employees, including its vice president of digital art, but at least one digital art specialist will be kept on staff.

Christie’s has had a huge presence in the NFT space, selling multiple artworks, including Mike “Beeple” Winkelmann’s Everydays: The First 5000 Days, which closed at auction in March 2021 with a bid of $69.3 million.

Digital artist Laura El sold one of her digital artworks, known as Lonely Island at Christie’s in 2023. Source: Laura El

The auction house had also been a supporter of the Web3 space, launching an NFT auction platform in September 2022 and a crypto-only real estate team in July.

Market conditions could have spurred shift 

Fanny Lakoubay, a digital art adviser, curator and collector, said in an X post on Monday that she suspects Christie’s move could be tied to the “current art market contraction.”

The wider art market has been declining, with global sales down 12% in 2024 to $57 billion, along with combined public and private sales by auction houses dropping by 20% to $23 billion, according to the Art Basel & UBS Art Market Report 2025 released in April.

“Auction houses can’t justify a whole department when it brings in less revenue than the others, even with some recent successful sales,” Lakoubay said.

“It’s definitely not a great public signal, but we should also remember: auction houses only focus on secondary sales of already well-known artists and brands. It’s still too early for that model to really work/scale with digital art,” she added. 

Source: Fanny Lakoubay

Lakoubay said it could be a good time to focus on primary market development and introduce traditional collectors to new digital artists.

Christie’s could be having a “Kodak moment”

Meanwhile, an NFT collector and member of the Doomed decentralized autonomous organization, posting under the handle Benji, argued that Christie’s move to close its digital art department doesn’t reflect a weakness in the demand for digital art, or that “institutions are no longer coming for our jpegs.”

He speculates the business model is likely to blame for the decision because it was “flawed and unsustainable,” and this new direction could be Christie’s “Kodak moment.”

“How can you charge 25-30% commission on something that does not need to be authenticated / stored / insured / shipped, when your online competitors like Gondi charge zero commission for the exact same sale?” Benji said.

“I hate to see good people lose their jobs, but Christie’s exiting the space is a net positive— one less value extractor means more value for collectors and artists alike.”

Source: Benji

Christie’s didn’t immediately respond to Cointelegraph’s request for comment.

NFT market records mixed results

The NFT market has had a turbulent few years. Last year was flagged as the market’s worst year for trading volume and sales since 2020, partly because of volatility and rising token prices.

Related: NFT market cap drops by $1.2B as Ether rally loses steam

It has been showing signs of life in 2025. In August, the sector surged to a market capitalization of more than $9.3 billion, a 40% uptick from July, as Ethereum-based collections and Ether (ETH) increased in price.

The market has shown signs of cooling in recent weeks, but its current market capitalization is up 2% in the last 24 hours and sits at $5.97 billion. 

Several of the largest NFT collections by market capitalization have also experienced gains. CryptoPunks is up 1.9% in the last 24 hours, and has a trading volume of $208,319 with three sales.

Yuga Labs’ Bored Ape Yacht Club is up 3.7% and has clocked a trading volume of more than $1.2 million and 30 sales, while Pudgy Penguins is up 2%, with $905,526 in trading volume and 20 sales. 

Magazine: Astrology could make you a better crypto trader: It has been foretold



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September 9, 2025 0 comments
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Dogecoin price
Crypto Trends

Dogecoin Enters Accumulation Phase: What To Expect As Price Faces Resistance At $0.22

by admin September 8, 2025


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

With the market remaining indecisive, Dogecoin has found its way into another accumulation phase after being rejected by bears once again. This has seen its price stuck just above $0.2, with a failure to mark any successful breakout. However, with accumulation trends, they often tend to form the basis for the next move, which could happen soon. Naturally, there are two ways the price could go from here, so we take a look at the next notable levels.

The Bullish Case For Dogecoin

Crypto analyst Lingrid has explored the possible directions that the Dogecoin price could go in when the accumulation trend does come to an end. The first is the bullish scenario, given that the Dogecoin price has seen the formation of a major structure.

The current structure shows that the Dogecoin price is actually still trading inside of a descending structure. This comes after the rejection from the resistance trendline that pushes the price downwards from $0.24. But this has not completely sent the Dogecoin price into the arms of bears, as there is still some bullish momentum.

Mostly, the price has continued to trade sideways, meaning that both sides have an opportunity to pull Dogecoin in their favor. For the bulls, though, the major level for them now is to maintain the support that has developed at $0.2 over the last few weeks.

As Lingrid explained, holding this support could see a potential rebound from here. If this break of structure is completed, and there is a confirmation above $0.22, then the next major levels would lie at $0.2420-$0.2670. This would make $0.2-$0.21 the ideal buy zones.

Source: TradingView.com

The More Bearish Scenario

As mentioned above, the Dogecoin price is still trading sideways, so the bears have as much of a chance as the bulls to claim control. Since the bulls have to maintain support at $0.2 to keep the momentum going, that makes it the level to break for bears to trigger further downsides.

Since the market is still showing low momentum and overall weakness, then a general decline could pull the Dogecoin price lower. In the case of a break of the support at $0.2, Dogecoin could be subject to a deeper correction. Add in the uncertain macro headlines and the decline in liquidity flow into the market, then it spells doom for the meme coin if bears take over.

DOGE price recovers sharply | Source: DOGEUSDT on Tradingview.com

Featured image from Dall.E, 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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September 8, 2025 0 comments
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Apple faces lawsuit over alleged use of pirated books for AI training

by admin September 7, 2025


Two authors have filed a lawsuit against Apple, accusing the company of infringing on their copyright by using their books to train its artificial intelligence model without their consent. The plaintiffs, Grady Hendrix and Jennifer Roberson, claimed that Apple used a dataset of pirated copyrighted books that include their works for AI training. They said in their complaint that Applebot, the company’s scraper, can “reach ‘shadow libraries'” made up of unlicensed copyrighted books, including (on information) their own. The lawsuit is currently seeking class action status, due to the sheer number of books and authors found in shadow libraries.

The main plaintiffs for the lawsuit are Grady Hendrix and Jennifer Roberson, both of whom have multiple books under their names. They said that Apple, one of the biggest companies in the world, did not attempt to pay them for “their contributions to [the] potentially lucrative venture.” Apple has “copied the copyrighted works” of the plaintiffs “to train AI models whose outputs compete with and dilute the market for those very works — works without which Apple Intelligence would have far less commercial value,” they wrote in their filing. “This conduct has deprived Plaintiffs and the Class of control over their work, undermined the economic value of their labor, and positioned Apple to achieve massive commercial success through unlawful means.”

This is but one of the many lawsuits filed against companies developing generative AI technologies. OpenAI is facing a few, including lawsuits from The New York Times and the oldest nonprofit newsroom in the US. Notably, Anthropic, the AI company behind the Claude chatbot, recently agreed to pay $1.5 billion to settle a class action piracy complaint also brought by authors. Similar to this case, the writers also accused the company of taking pirated books from online libraries to train its AI technology. The 500,000 authors involved in the case will reportedly get $3,000 per work.



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September 7, 2025 0 comments
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Indian flag (Naveed Ahmed/Unsplash)
NFT Gaming

Tokenization Offers ‘Enhanced Liquidity,’ but Faces Major Hurdles, BofA Says

by admin September 7, 2025



Tokenization is the next big step in how financial assets are housed, and offers advantages over existing traditional structures, Wall Street firm Bank of America (BAC) said in a Friday report, noting that it also brings risks.

At its core, tokenization is the process of converting ownership of real-world assets, from stocks and bonds to real estate, private equity, and even art, into digital tokens recorded on a blockchain.

Tokenization follows a lineage that began with mutual funds and expanded through separately managed accounts, collective investment trusts, and exchange-traded funds (ETFs), and according to the bank’s analysts, this model could reshape the way investors access and manage assets by offering a number of advantages over traditional structures.

Among the most important benefits are enhanced liquidity, analysts led by Craig Siegenthaler wrote, adding that 24/7 trading could open up secondary markets for previously illiquid private assets, and faster, frictionless settlements that eliminate the multi-day delays common in today’s financial markets.

Tokenization also allows for fractional ownership, the analysts said, reducing investment minimums and broadening access to portfolios. Transparency is another advantage, as blockchain ledgers provide immutable and publicly accessible records of ownership and transactions.

Lower fees are possible by cutting out intermediaries, and smart contracts can automate key processes such as dividend payments, coupon distributions, and voting rights, while also helping to navigate regulatory requirements and even the complexities of private equity capital calls, the report noted.

According to data provider RWA.xyz the value of real-world assets represented on-chain exceeds $28 billion.

Tokenization risks

Still, Bank of America cautioned that tokenization faces significant hurdles before it can achieve widespread adoption.

Regulatory uncertainty remains the biggest challenge. While U.S. policymakers have signaled support, future administrations could reverse course, and many jurisdictions are still in the process of writing rules.

The bank said custody is another concern, as investors risk losing access to assets if private keys are misplaced, and institutional-grade custody solutions are still developing.

On the technology side, vulnerabilities in smart contracts or blockchain platforms leave room for exploitation, and integration with legacy financial infrastructure presents additional obstacles, given the reliance of most institutions on traditional systems.

And when it comes to publicly traded assets, existing U.S. markets already offer deep liquidity, low fees, and strong investor protections, making the case for tokenized versions less compelling, the report added.

Read more: Ondo Finance Rolls Out Tokenized U.S. Stocks, ETFs as Equity Tokenization Ramps Up



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September 7, 2025 0 comments
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Justin sun trump wlfi
GameFi Guides

Justin Sun Faces Backlash After Urging WLFI to Unfreeze Tokens

by admin September 6, 2025


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

Tron founder Justin Sun has once again found himself at the center of crypto controversy, this time over his frozen holdings in World Liberty Financials (WLFI).

The project blacklisted Sun’s wallet last week, freezing nearly 595 million WLFI tokens worth over $100 million at the time. Sun has since taken to social media, urging the team to unlock his assets and warning that such actions undermine investor trust.

WLFI’s price trends to the downside on the hourly chart. Source: WLFIUSDT on Tradingview

Why Were Sun’s WLFI Tokens Frozen?

The dispute began after blockchain data revealed a wallet linked to Sun transferred nearly $9 million worth of WLFI tokens to an exchange. Shortly afterward, WLFI’s team blacklisted the address, effectively freezing his tokens.

Market observers claimed the move was designed to stop potential dumping that could further destabilize the token’s price, which has already lost more than 60% of its value since launch.

WLFI debuted at $0.46 but now trades near $0.18, raising concerns about whale activity and the project’s governance. Critics argue the blacklisting contradicts the very principles of decentralization that blockchain projects are supposed to uphold.

Sun Denies Dumping Allegations

In a series of posts on X (formerly Twitter), Sun rejected claims of market manipulation, stating the transfers were merely “small deposit tests” and not intended for selling. He called the freeze “unreasonable” and insisted that all investors should be treated equally.

“Tokens are sacred and inviolable, this should be the most basic value of any blockchain,” Sun wrote. He added that unilateral freezes risk eroding confidence in WLFI, a project he supported early with both capital and strategic backing.

On-chain analysis from firms like Nansen has also suggested Sun was not directly responsible for WLFI’s sharp price decline, instead linking the sell-off to large market-maker activity.

Governance Concerns and Market Outlook

The standoff between Sun and WLFI has amplified investor concerns about centralization and transparency within the project. Critics warn that blacklisting wallets without clear communication risks damaging WLFI’s credibility, especially at such an early stage.

In an attempt to stabilize prices, the WLFI team has announced a buyback-and-burn program, including the destruction of 47 million tokens. However, uncertainty remains high as the dispute with Sun continues and market volatility weighs on investor sentiment.

For now, Sun is pressing WLFI to restore his rights and unlock his frozen tokens, while the broader crypto community debates whether the project can recover trust, or whether this controversy marks the start of deeper governance challenges.

Cover image from ChatGPT, WLFIUSDT 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 6, 2025 0 comments
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A Spaceship Crew Faces Doom in This Surprisingly Tender Sci-Fi Story
Product Reviews

A Spaceship Crew Faces Doom in This Surprisingly Tender Sci-Fi Story

by admin September 5, 2025


io9 is proud to present fiction from Lightspeed Magazine. Once a month, we feature a story from Lightspeed’s current issue. This month’s selection is “Last Meal Aboard the Awassa” by Kel Coleman. Enjoy!

Last Meal Aboard the Awassa

by Kel Coleman

Gardener ladled dark-purple porridge into her primary digestion sac, staring absently out the viewport at black space and the distant smudge of the planet they had come to study. The simple meal and the gesture it represented soothed her after a long, thorny morning in a section of the growth bay that was in full flower and had needed hand pollinating. Though the other crew members around the mess made do with the usual break time assortment, Cook had steamed and spiced osard grains just for her before going off shift to nap in their rooms.

When the two of them joined the crew as a couple, roughly four solars ago, Gardener had worried the special treatment shown to her from the kitchen would lead to resentment. She had heard it could get lonely on a long haul if you made a bad impression, especially on a tiny ship where everyone knew each other’s families, had vid night sleepovers in the observatory, and could count at least a handful of birthdays and Endless Nights aboard. But unlike Gardener, this hadn’t been Cook’s first long haul and she’d soon researched the crew’s home planets and ports, tracking down family recipes, popular street food, and festival treats. The crew of the small science vessel were immediately smitten with her, and Gardener found herself warming to them as a result.

She finished her porridge, scraping the bowl clean, but lingered at the table to—

The speakers mounted around the mess blared three urgent tones.

The other crew members scattered at tables and behind the serving counter dropped what they were doing and moved to readiness. For Gardener, like many bipeds, this meant standing with her limbs at her sides. She turned toward the nearest screen, which had already switched from Union news to video from the bridge.

The captain’s wings were tucked close to their thorax, their five eyes reddened and rapidly blinking. In all four solars of her time aboard, Gardener had never before seen them fearful.

“Crew of the Awassa, this is your captain speaking.”

Gardener’s sensitive hearing picked up all the ear dots around the room overlaying the words with translations. Her own ear dots not only translated the captain’s words but amplified things like pitch changes so she would be less apt to mistake one tone for another. They were frightened, but with a tinge of anger perhaps?

“As some of you may already know, we lost contact with the team sent to Gulsan-6 two hours ago. This happened shortly after they sent a probe into the gas giant. Following review of footage, scans, and probe data, we can conclude with high certainty that Gulsan-6 is, rather than a planet, an unknown species. It is capable of surviving and navigating the vacuum of space. And since exiting dormancy, its size has become incalculable as its shape is ever-changing. It is capable of reducing matter to its smallest units, and I regret to inform you your crewmates Engineer Ulli and Physicist Andel, along with their shuttle, were consumed by the alien. With equal regret, I must inform you the alien is now on a course to intercept and consume the Awassa as well.”

As her hearts’ paces fell out of harmony, Gardener found she could no longer sort out the emotions behind the words. On the faces around her, though, she read the captain’s pragmatic hopelessness regarding the situation. As they continued speaking, a time-to-intercept countdown appeared in the bottom of the screen. They ordered three senior crew members to the bridge and told everyone else to call their loved ones. So . . . there was nothing useful for her to do except find Cook.

• • •

Cook was in the hydroponics row, pinching leaves off of herbs and dropping them into a handwoven basket. Her dark, smooth skin was riddled with planet-orange hives and her voluminous whiskers were drooping.

“Cook?”

She didn’t stop pacing or look up.

“Nailo? Did you see the captain’s—”

“Of course,” Cook said. She gestured at the herbs and fruits tumbling around in the basket like that was explanation enough.

And for Gardener, it was. The two of them needed few words.

Cook would do what she loved until the end. She was already gliding around the corner to the next row, and if she had been the same species as Gardener, she might’ve heard her utter a term of endearment, one that didn’t translate well to many other fleet languages.

An endearment close to meaning beloved, one her caretaker had called her often. An endearment that had journeyed with her when she left her lush world for Outpost Nine. An endearment that kept her and her seedlings warm despite the miserable cold outside the outpost greenhouses. An endearment that had come with her on a vacation where she got crater-sloshed with a slick-skinned traveling chef in the backroom of a Meat Meet Meat. An endearment that had accompanied the both of them to the Awassa, where they were swept up in all the drama and mutual care of a large family that Cook had missed and Gardener discovered she could tolerate when she wasn’t flat-out loving it—the shift-change gossip, the hugs, the too-loud music shoving through thin walls, her first spacewalk accompanied by Engineer Ulli . . .

Her hearts skipped.

She pulled herself out of her ruminative state and joined Cook in another section of the bay, where she was snipping blue flowers from climbing dewdrops. Gardener gently took the shears from her. “My job,” she said. “Just tell me what you need.”

• • •

When they were finished with harvesting, Cook agreed to give prep over to uninitiated but enthusiastic crewmates so she could call her family. Gardener lay in bed, blankets holding down her jumpy limbs, and tried to block out Cook’s murmurs two rooms away. She set the updates from the bridge to a volume high enough that it caused her some pain.

The bridge crew had learned a lot about “the vapor” and how it consumed the team and the shuttle. They were able to collect this data when the vapor altered its course to eat the second probe they sent to analyze it. They still couldn’t stop it or outrun it, but they estimated that they could buy several additional hours with the remaining probes as decoys.

When she got off the call, Cook was weirdly pleased with the news. “More time to cook,” she explained. A few minutes later, with bottles of something clear she’d been “saving for a special occasion” cradled in her arms and a nuzzle against Gardener’s cheek, she was off to make a feast for their crew, their beloveds.

• • •

Gardener didn’t often record videos unrelated to her duties. She smoothed down the fur around her eyes and cleared her throat.

“This is Gardener Ketri,” she began. “A hostile member of an unknown species is bearing down on my ship, the Awassa, and I don’t have anyone to say goodbye to who isn’t in the same boat . . . except you, I guess, whoever sees this.”

The dread dripped steadily through her bloodstream now, but she imagined the people who would watch this, especially the younger ones, and she didn’t want them to feel afraid for her.

“Instead of goodbye, though, do you mind if I tell you what it’s like to be a gardener on a long-haul science vessel?” She found a smile, showing silver-specked herbivore’s teeth. “It’s incredible. I love my job. Every day, I coax things to life. I help them grow. I spend my shifts with dirt under my feet and light on my skin. Sometimes my partner, Cook Nailo, brings me a germination challenge, usually a special request from a crewmate missing home cooking, and sometimes I get the water and light and nutrients just right on the first try. Not often, but those are good days.”

She could already hear music thumping from the observatory. Scientists that they were, everyone wanted to watch the vapor’s approach. It was an undeniably cool way to die: eaten by a space monster. There would be papers written about it for decades, and they only regretted they wouldn’t be the ones to write them.

“If you’re considering joining the fleet, go for it. Don’t let our bad luck stop you.”

• • •

By unspoken agreement, they all followed the dress code for vid nights, which had no requirements but personal comfort. Several crewmates had moved empty crates from the storage bay to make a long table for a “family-style” meal. Gardener wasn’t familiar with family-style, but it seemed to mean an impossible amount of food being passed around chaotically until everyone proved, under threat of more heaping spoonfuls, that they were physically incapable of eating another bite.

The meal was a showstopper, of course.

Dewdrop blossoms stuffed with fungus, tied closed with the plant’s delicate vines, and fried to midnight blue. Thick, smoked leaves used as wraps and plates to enhance flavor. A fruit platter with everything from extra bitter, underripe kio to sweet, waterlogged berrymelon to sour, gritty seeds Gardener hadn’t even known were edible before today. Roasted frog and tomatillos inside corn patties, served with yellow rice. Raw tentacles, sliced thin, alongside a dry dip that was such an angry red she knew it would send her to the med bay if she touched it. A vivid, purple gradient of osard, from the light uncooked grains still on the stem—good for digestion—to the steamed kind perfect for lunch to a nearly black pile of pebbly bread rolls. Smoking papers packed with calming herbs and tightly hand rolled. And those bottles of suspiciously clear liquid. And more. And more. Something, a gift, for each member of the crew.

What followed was a night of dancing, imbibing, embracing, some prayer, more eating, the revelation of juicy ship secrets, and four rounds of “Lunar Penny” by everyone with the parts to sing or stomp or howl.

Halfway through the night, they watched the last probe disappear into the vapor. Gardener was at Cook’s side, resting a furred cheek on her smooth shoulder, their hands clasped tightly enough to cut off circulation.

Someone cheered awkwardly, intoxicated. A few more cheers went around the group like nervous laughter. Then it was silent . . .

Gardener surprised herself by shakily starting another round of “Lunar Penny.” The crew joined her heartily, turning away from the end and back to their party.

About the Author

Kel Coleman is an Ignyte-nominated author whose fiction has appeared or is forthcoming in FIYAH, Beneath Ceaseless Skies, Solarpunk Magazine, The Best American Science Fiction and Fantasy 2022 and 2024, and others. Kel is a Marylander at heart, but they currently live in Pennsylvania with their family, a stuffed dragon named Pen, and a collection of strange and frivolous collections. They can be found online at kelcoleman.com.

© Adamant Press

Please visit Lightspeed Magazine to read more great science fiction and fantasy. This story first appeared in the September 2025 issue, which also features short fiction by Jake Stein, Cadwell Turnbull, Filip Hajdar Drnovšek Zorko, Bogi Takács, C.Z. Tacks, Isabel J. Kim, Stephen S. Power, and more. You can wait for this month’s contents to be serialized online, or you can buy the whole issue right now in convenient ebook format for just $4.99, or subscribe to the ebook edition here.

Want more io9 news? Check out when to expect the latest Marvel, Star Wars, and Star Trek releases, what’s next for the DC Universe on film and TV, and everything you need to know about the future of Doctor Who.



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September 5, 2025 0 comments
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BTC Treasury Model Faces Reality Check
Crypto Trends

BTC Treasury Model Faces Reality Check

by admin September 5, 2025



Good Morning, Asia. Here’s what’s making news in the markets:

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.

Bitcoin treasury companies are facing a simple but brutal test: can they outperform BTC itself, or should investors skip them and buy the asset outright?

“If you aren’t doing that, there’s no reason to do the strategies, just buy a Bitcoin ETF,” said Matt Cole, CEO of Strive Asset Management, during a panel at BTC Asia in Hong Kong.

Cole might be best known for being a staunch advocate of GameStop GME$0.001152 putting BTC on its balance sheet.

On stage, Cole described the playbook as a search for alpha, finding ways to outperform BTC without simply piling on bitcoin-specific risk. Cole explained that this comes down to financing, where he pointed to a shift from convertibles to perpetual preferred equity as a way to lock in leverage.

He added that the hardest milestone is scale: reaching $1 billion in capital, the point where financing becomes cheap enough to support IPOs and bigger teams.

“The hardest thing to do for bitcoin treasury companies is getting to a billion dollars,” he said, citing MicroStrategy’s Michael Saylor.

That scale, Cole stressed, only works with bitcoin. Ethereum and other tokens, he said, act too much like equities with shifting monetary policies.

“Ethereum makes for a horrible asset for a treasury company,” Cole said. “Bitcoin perpetually goes up versus fiat currencies because they’re being debased.”

In his view, BTC’s fixed supply makes it the only asset capable of supporting a levered treasury strategy designed to compound over time.

Andrew Webley of The Smarter Web Company, a publicly listed U.K. web designer with BTC on the balance sheet, struck a more measured tone regarding market NAV, Bitcoin yield versus dilution, and company size.

Smaller firms, he said, have an advantage in raising capital, but transparency and clear risk communication remain just as important as the math.

“The most important thing that you can do as a public company, in my opinion, is to publish our rules first,” Webley said, adding that clear disclosure helps investors understand the trade-offs of a BTC treasury model.

“If somebody can understand the risks, then in our opinion these things are the very best value opportunities in the whole world,” he added.

The split underscored the choice facing investors: invest in firms pursuing aggressive strategies to outperform BTC or favor companies that promise steady growth with clear transparency.

Either way, panelists agreed that bitcoin’s role as a treasury asset is only expanding as fiat continues to be debased.

Market Movement:

BTC: Bitcoin is trading above $110,500, trading slightly lower following a minor pullback, though signs of accumulation, such as resilient demand near key support, suggest market participants remain bullish on its next breakout, according to CoinDesk’s market insights bot.

ETH: ETH is trading at $4300, down 0.6%. ETH continues to benefit from strong institutional interest and ETF inflows, which support its longer-term structural upside.

Gold: Gold continues to trade near record highs supported by rate‑cut expectations and increasing safe-haven demand, though it saw a slight pullback amid profit‑taking.

Nikkei 225: Japan’s largest index continues to rally, buoyed by a combination of strong foreign buying, driven by the country’s shift away from long‑term stimulus, corporate reforms, and rising yields, and dovish monetary cues from the U.S., boosting global equity sentiment.

S&P 500: The S&P 500 rose 0.83% to a record 6,502.08 as traders shrugged off weak private jobs data while awaiting Friday’s employment report for clues on rate-cut prospects and recession risks.

Elsewhere in Crypto:

  • World Liberty Financial Blacklists Justin Sun’s Address With $107M WLFI (CoinDesk)
  • SEC Goes All In on Pro-Crypto Agenda With Slew of Digital Asset Rulemakings (Decrypt)
  • NFL Opener Draws $600K on Polymarket as Platform Targets $107B Sports Betting Industry (CoinDesk)



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September 5, 2025 0 comments
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Neuralink’s Bid to Trademark ‘Telepathy’ and ‘Telekinesis’ Faces Legal Issues
Product Reviews

Neuralink’s Bid to Trademark ‘Telepathy’ and ‘Telekinesis’ Faces Legal Issues

by admin September 4, 2025


The United States Patent and Trademark Office has rejected Neuralink’s attempt to trademark the product names Telepathy and Telekinesis, citing pending applications by another person for the same trademarks.

Neuralink, the brain implant company co-founded by Elon Musk, filed to trademark the names in March. But in letters sent to Neuralink in August, the trademark office is refusing to allow the applications to move forward. It says Wesley Berry, a computer scientist and co-founder of tech startup Prophetic, previously filed trademark applications for Telepathy in May 2023 and Telekinesis in August 2024. Prophetic is building a wearable headset to induce lucid dreaming, but only Berry is the author of the trademark applications, not Prophetic. (Berry declined to comment for this story.)

In response to Neuralink’s application for Telepathy, the trademark office also references the existing trademark for Telepathy Labs, a Tampa-based company that provides interactive voice and chatbot technology to businesses.

Musk’s Neuralink, meanwhile, is developing a brain-computer interface that involves a surgically implanted device in the skull that collects brain activity. The company has been using the name Telepathy to describe its first product, which is designed to allow paralyzed people the ability to operate their phones and computers with just their thoughts. Musk unveiled the Telepathy name in a January 2024 social media post, shortly after the company implanted its first volunteer with the technology. A total of nine people now have the Neuralink device, according to a July announcement. (Neuralink did not respond to a request for comment.)

Both Berry and Neuralink filed “intent-to-use” applications, which allow businesses and inventors to reserve trademark rights before using the mark in commerce. Berry’s application for Telepathy was accepted in December 2024 and for Telekinesis in August 2025 but the trademarks aren’t fully registered until he shows that he’s actually using them in commerce. Berry has three years to do that from acceptance, otherwise his applications would be considered abandoned and Neuralink’s application would take priority.

Berry has not yet marketed or commercialized a product called Telepathy or Telekinesis, but in his trademark applications describes both as “software that analyzes EEG to decode internal dialogue to control computer or mobile devices.” EEG, or electroencephalogram, data refers to the electrical activity of the brain recorded through electrodes worn on the scalp.

The trademark office’s letters to Neuralink are not yet final decisions. Neuralink filed a response letter on August 28 addressing the existing Telepathy Labs trademark, saying that Neuralink’s Telepathy product is not likely to be confused with Telepathy Labs. Neuralink did not address Berry’s applications in its response.

“The standard for likelihood of confusion is, if a random consumer encountered both of these products, would they think that they’re coming from the same company?” says Heather Antoine, an intellectual property partner at Stoel Rives in Sacramento.

The trademark office will consider Neuralink’s response and ultimately decide if there is a likelihood of confusion. But there’s still the fact that Berry filed to register the Telepathy and Telekinesis marks first. If Berry succeeds in registering the marks, Neuralink would have a few options. It could attempt to buy the trademarks from Berry or negotiate a consent agreement, in which Berry could agree to allow Neuralink to also use the marks. These types of agreements are usually made when the trademarks are not likely to cause consumer confusion.

If Berry is successful in registering Telepathy, Neuralink could be sued if the company continues to use it.

Josh Gerben, a trademark attorney and founder of Gerben IP in Washington, DC, says it’s difficult to know how things will shake out because there’s a lot of nuance to a trademark claim. “Certainly at the moment though, advantage goes to this other applicant,” he says, referring to Berry. “He could become a considerable thorn in the side of Neuralink in terms of these trademarks.”



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September 4, 2025 0 comments
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Gold ether coins in a small pile, symbolizing ETH investment
NFT Gaming

Stellar Upgrade Triggers Trading Pauses on Major Exchanges, XLM Faces Resistance

by admin September 4, 2025



South Korean crypto exchange Upbit temporarily suspended trading in Stellar’s XLM token on Tuesday, a precautionary move as the Stellar network readies for its Protocol 23 upgrade.

The scheduled modernization, set for Sept. 3, is expected to enhance scalability and accelerate transaction speeds, prompting several exchanges to adopt stability measures during the transition.

XLM traded in a narrow band between $0.36 and $0.37 in the 24 hours leading up to the upgrade, with volume spikes coinciding with tests of resistance at the upper end of that range.

Despite multiple attempts to break through $0.37, selling pressure kept prices capped, while strong support formed at $0.36. Analysts suggest this consolidation reflects institutional accumulation, with market participants watching closely for a decisive breakout.

The final hour of trading before the suspension saw heightened volatility, with XLM briefly touching $0.37 before slipping back to $0.36. The price action underscores the network’s importance in cross-border payments and the growing institutional focus on digital asset infrastructure.

Broader momentum is also being fueled by rising interest in central bank digital currencies (CBDCs) and enterprise blockchain adoption, including partnerships involving Hedera.

With Stellar’s Protocol 23 upgrade underway, traders are eyeing two critical levels: the $0.45 resistance, which XLM has failed to clear on four separate occasions since June, and the $0.30–$0.32 support zone, seen as a potential accumulation area. Market observers say the outcome of the upgrade could dictate whether Stellar finally breaks through its ceiling or retreats to rebuild support at lower levels.

XLM/USD (TradingView)

Principal Technical Indicators
  • Price Parameters: XLM traded within a $0.36-$0.37 corridor during the 24-hour period with 3% aggregate volatility.
  • Volume Assessment: Peak trading activity of 28.91 million during resistance examination at the $0.37 threshold.
  • Support/Resistance Dynamics: Robust resistance established at $0.37 with support maintaining integrity around $0.36.
  • Breakout Configurations: Multiple unsuccessful attempts to sustain valuations above the $0.37 resistance threshold.
  • Institutional Participation: Volume surges coinciding with key technical levels suggest accumulation patterns amongst sophisticated market participants.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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September 4, 2025 0 comments
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BTC Faces Mounting Pressure Below Key Cost Bases
NFT Gaming

BTC Faces Mounting Pressure Below Key Cost Bases

by admin August 30, 2025



Bitcoin BTC$108,538.49 remains in correction mode after reaching its all time high of more than $124,500, now hovering near $110,000. Glassnode’s weekly newsletter highlights mounting stress among top buyers as the cost basis of investors over the past six months comes under pressure.

The firm noted, “Any relief rally is therefore likely to encounter resistance, as short-term holders seek to exit at breakeven.”

The asset has slipped below both the 1 month and 3 month realized prices, currently at $115,300 and $113,700. However, the 6 month realized price, at $107,440, is acting as a key support level.

Realized price represents the average purchase price of coins within a given time frame, offering insight into investor positioning and sentiment.

CoinDesk Research also notes that the short term holder realized price stands above $108,500, a level bitcoin rebounded from on Aug. 26. Meanwhile, the realized price of all 2025 buyers has declined to just over $100,000, creating another important psychological threshold should the market fall further.

This correction underscores the growing pressure on recent buyers and the importance of realized price levels in guiding market psychology.



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August 30, 2025 0 comments
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