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Circle stock price may crash soon: here's why
NFT Gaming

Circle stock price may crash soon: here’s why

by admin June 9, 2025



Circle stock price continued its strong surge on Monday, boosting its market capitalization to over $27 billion.

CRCL jumped to $138.27, a significant increase from its offer price of $31. The rally was driven by investor appetite for exposure to the growing stablecoin industry, which Citi expects it to be worth over $1.6 trillion by 2030. 

Circle’s performance makes it the best-performing IPO of the year. However, there are two key reasons why the stock may be due for a reversal.

Valuation concerns remain

Circle’s stock price may face downside pressure due to valuation concerns. Its current market capitalization of $27 billion represents roughly 45% of its total USD Coin (USDC) assets, which is relatively high.

In its most recent earnings disclosure, Circle posted $1.6 billion in annual revenue for 2024, up from $1.45 billion in 2023. Net income came in at $155 million, giving the stock a price-to-earnings ratio of 174.2, well above industry norms.

While Circle may deserve a premium valuation due to its leading position in the stablecoin market, a key risk is the potential for earnings growth to slow. This risk becomes more pronounced if the Federal Reserve begins cutting interest rates later this year and into 2026, as Polymarket traders expect. 

Circle’s core business earns revenue by investing its reserve assets in government bonds—whose yields are likely to decline as rate cuts begin.

Post IPO momentum to lose steam amid profit-taking

Another reason Circle stock could retreat is the potential loss of post-IPO momentum, a common pattern observed with newly listed companies.

For example, Coinbase opened at $380 on its IPO day and climbed to $430 shortly after, only to plunge to a record low of $30 in 2023. More recently, Webull stock jumped from $10 to $80 post-IPO and has since dropped to $11. Similarly, Robinhood rose from $35 to $84 after listing, then fell to $6.74 in 2022.

Robinhood stock jumped from $35 on its IPO day to $84 on the following day, and then lost momentum, reaching a low of $6.74 in 2022. 

This performance happens as the post-IPO momentum fades and investors start to take profits. Also, the IPO hype will be followed by the fear of the December lock-up expiry, which will let insiders sell their stock. Historically, stocks drop towards the lock-up period. 



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June 9, 2025 0 comments
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Here's a fresh look at Clockwork Revolution, coming "in due time"
Game Reviews

Here’s a fresh look at Clockwork Revolution, coming “in due time”

by admin June 9, 2025



An extended look at Clockwork Revolution was shown at today’s Xbox Games Showcase, which is “coming in due time”.


The steampunk RPG shooter has already drawn comparison to the BioShock games and in this new gameplay trailer we see plenty of gadgets and time-bending powers.


There’s also a good look at its clockwork steampunk aesthetic, with plenty of humour too. Characters include “the pissed-off doll” and “the knob”, among others.

Clockwork Revolution | Xbox Games Showcase 2025Watch on YouTube


The game is being developed by inXile Entertainment, with help from former Volition developers under the studio name Shapeshifter Games. Volition – known for the Saints Row series – was closed in 2023 due to the poor performance of its most recent game.


There’s no release date yet for Clockwork Revolution, though it’ll be out on Game Pass from day one. It’s coming to PC and Xbox Series X/S.



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June 9, 2025 0 comments
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2025 Most 'Dangerous' Year for Crypto Holders, Here's Why
NFT Gaming

2025 Most ‘Dangerous’ Year for Crypto Holders, Here’s Why

by admin June 8, 2025


According to a recent chart prepared by cryptocurrency firm Galaxy Digital, 2025 is on track to be the most dangerous year for cryptocurrency holders to date. 

The chart shared by research analyst Alex Thorn shows that this year is already nearing the full-year totals of some previous years, like 2023, and even approaching 2018. 

2025 is on track to be the most dangerous year ever for crypto owners 🔧💥

more than 25 documented physical attacks against crypto owners this year, and the year isn’t even half way done

chart by @glxyresearch w/ data from @lopp pic.twitter.com/25SSydC1OP

— Alex Thorn (@intangiblecoins) June 8, 2025

If the current rate continues, 2025 is extremely likely to overtake 2021, thus becoming the most dangerous year to date. This year, of course, is not even halfway done. 

There have been more than 25 documented physical attacks against cryptocurrency owners this year. 

Countries like the UAE and India have seen a noticeable uptick in reported extortions.

As reported by U.Today, Satoshi collaborator Martti ‘Sirius’ Malmi recently suggested the idea of creating the so-called “Bitcoin Mossad” in order to protect long-term holders by going after criminals.

The most high-profile criminal case involved the kidnapping of David Balland, co-founder of cryptocurrency wallet firm Ledger. The French entrepreneur was abducted from his home together with his wife in January before being rescued by authorities. 

Another prominent case involved a failed kidnapping of the daughter of another well-known cryptocurrency entrepreneur from France.   

French authorities have now stepped up protection for crypto entrepreneurs in light of the recent incidents that attracted widespread media coverage. 

Meanwhile, some companies are now offering tailored insurance policies for cryptocurrency entrepreneurs. 





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June 8, 2025 0 comments
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TCL C6K (left) and TCL C7K (right) showing butterfly on screen
Gaming Gear

I compared a new cheap mini-LED TV to a mid-range model, and here’s why upgrading is more than worth a small price increase

by admin June 8, 2025



Some TV manufacturers are now offering more models within their full TV lineup, with smaller gaps between them when it comes to features and price, and this can make things confusing for potential TV buyers. Naturally, if an entry-level TV has a similar feature list to a step-up model, it’s the better deal, right? Well, that’s not always the case.

I recently tested two 2025 UK mini-LED TVs from TCL, makers of some of the best TVs. The models are the entry-level C6K and the mid-range C7K, which earned 4 out of 5 stars in my TCL C7K review. When I first saw the 2025 C-series mini-LEDs, the C7K looked to be the sweet spot in terms of value, delivering the best picture quality and features for the price.

As I had both these TVs available, I decided to compare them side-by-side just to see whether the extra cost of the C7K was worth it.


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For a price reference, the 55-inch C6K costs £599, and the 55-inch C7K costs £849. I compared the 55-inch C6K with the 65-inch C7K for my testing, however. If you’re in the US, the closest direct models are the TCL QM6K vs the TCL QM7K.

Brightness and color

The C7K (right) exhibited significantly bolder and more vibrant colors than the C6K (left), as shown here on the Wizard & I scene from Wicked (Image credit: Future)

Both of these TVs use mini-LED backlights, meaning you’re getting higher brightness than with a standard LED TV. But, crucially, there are often brightness differences between entry-level and mid-range mini-LED models.

When I measured the peak brightness of both TVs (on a 10% white HDR window in Filmmaker Mode), the C6K hit 705 nits, while the C7K hit 1,790 nits – a significant difference. But how did this translate into real-world viewing?

The first area of note was color, where the best mini-LED TVs often excel. Watching a 4K Blu-ray of Wicked, with both TVs set to Dolby Vision Dark (which I found to be a more accurate picture preset than Dolby Vision IQ), the benefit of the C7K’s extra brightness hit was apparent.

In the Wizard & I scene, the green of Elphaba’s skin, pink flowers, blue wall inlays and even the beige walls looked much punchier and more vibrant on the C7K. The C6K didn’t look bad, but it also didn’t have the same level of definition I expect to see in a movie like Wicked, with the C7K adding more color depth.

Even in the climax of the scene where Elphaba runs across a wheat field, the yellow of the field and the sun were more impactful on the C7K. This showed that peak brightness, which is typically higher in more premium mini-LED TVs compared to entry-level models, is a crucial factor for delivering more vivid colors.

Contrast and black levels

Both the TCL C6K (left) and TCL C7K (right) displayed surprisingly deep black levels, but the C7K’s higher brightness allowed for better contrast (Image credit: Future)

TVs with a backlight, such as mini-LED models, use local dimming to enhance the contrast between light and dark areas on screen. The more local dimming zones a TV has, the more precisely it can dim and brighten sections of the screen based on what’s being shown.

The 55-inch C6K has 180 local dimming zones compared to the 65-inch C7K’s 1,008 local dimming zones. Screen size does have an impact on the number of local dimming zones in a TV, but the C7K’s 55-inch model still has 720 zones, so there can be a significant difference even in same-sized models.

Watching a 4K Blu-ray of Nosferatu, again in Dolby Vision Dark, scenes with extreme contrast, such as a blackened room lit only by a torch, fireplace, or the Moon, looked richer and more accurate on the C7K. Light areas were brighter and the black tones were deeper, creating a much more dynamic and textured image.

With Nosferatu (2024), both TVs did a good job with black levels, although the C6K (left) was subject to black crush in places (Image credit: Future)

The same was true in The Batman, with the flashbulbs of cameras and wall-lamps better contrasting with the dark surroundings on the C7K. Even smaller details, such as light reflected off Batman’s cape, showed stronger contrast, with a greater difference between the light and dark tones.

The C7K’s higher number of local dimming zones also allowed it to show better shadow detail. In Nosferatu, as Hutler walks towards the carriage to Count Orlock’s at night, the C7K showed more of his face in the darkness, whereas the C6K crushed that level of detail.

Black and white – and shades of gray

Although the C7K (right) has the better contrast and overall picture quality, the C6K’s screen uniformity was better with black and white pictures such as this one from Oppenheimer. (Image credit: Future)

Things got even more interesting when viewing black and white movies. Watching the black and white scenes from Oppenheimer, the C7K still showed greater contrast between deep blacks and white highlights, and had a wider range of gray tones in between.

However, I noted that the C6K had better screen uniformity (the ability to evenly display the same color across larger areas of the screen) compared to the C7K. This was an issue I’d noted as an issue in my C7K review, and it made me prefer the C6K when watching black and white content.

Conclusion

The C6K (left) is a good TV for its price, but the jump in picture quality provided by the C7K (right) justifies paying more (Image credit: Future)

To sum up, comparing these two TVs side-by-side proved that it does pay to pay more. Yes, the C6K may have had the upper hand with black and white images, but the C7K outmatched it in color, contrast, black levels and also detail, with the C6K taking on a softer look in a side-by-side test.

That’s not to say the C6K is a bad TV. For its price, it did a solid job with every movie I threw at it, and it was a perfectly fine TV for casual viewing. But this is one example where, given the small £250 gap in price of the respective 55-inch models, it’s worth investing in the more premium option.

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June 8, 2025 0 comments
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Sonic Labs announces GSR as the official market maker for S
GameFi Guides

Here’s why Sonic erased $1.3 billion in value

by admin June 8, 2025



Andre Cronje’s Sonic token is in freefall, having erased almost $1.3 billion in market capitalization since its relaunch in January.

Sonic (S) price crashed to $0.3775 on Sunday, down by over 61% from its highest point this year. This crash has brought its market capitalization to $1.9 billion, down from $3.15 billion in January.

Sonic token has plunged as its ecosystem continues slowing down. Data shows that the stablecoin market cap has plunged to $446 million, down from $597 million earlier this year. A falling stablecoin supply in a chain signals that activity in the network is fading. 

Further data shows that Sonic’s total value locked in its decentralized finance has plunged from nearly $2 billion in May to $1.53 billion. Most of this weakness was driven by outflows from AAVE, Sio Finance, Pendle, and MEV Capital, which have shed over 10% in assets in the last 30 days. 

This slowdown means Sonic is not making as much money as it did a few months ago. Its daily chain revenue dropped to $9,600 on Saturday from a record high of over $42,000 in May. 

Sonic token has also dropped as the funding rate across all exchanges has turned negative in the past few months.

Santiment data shows that the funding rate fell to 0.05% on Saturday, its lowest point in over a week. A falling funding rate signals that investors anticipate its future price to be lower than the spot one.

Sonic crypto price technical analysis

S price chart | Source: crypto.news

The 12-hour chart shows that the S price has been in a free fall in the past few weeks. 

It plunged to a low of $0.3810, a key level that coincided with the lowest swing in April. This price was also the neckline of the double-top pattern at $0.6185.

A double-top is one of the most popular bearish signs in technical analysis.

The Sonic token has remained below the 50-period moving average, while oscillators point downwards. Therefore, it will likely continue falling as sellers target the support all-time low of $0.3151, its lowest point in February.



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June 8, 2025 0 comments
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Decrypt logo
GameFi Guides

‘They Make No Money’: Here’s What Tether’s CEO Had to Say About Circle Before Its Massive IPO

by admin June 8, 2025



In brief

  • Tether CEO Paolo Ardoino dismissed competitor Circle’s business model and IPO strategy during an April interview.
  • Ardoino called plans by his competitors to “focus on institutional adoption” short-sighted.
  • Today, Circle’s IPO shattered expectations on Wall Street, tripling price projections and making the company billions.

It was early April, during the middle of a conversation with Decrypt at Cantor Fitzgerald’s swanky midtown Manhattan headquarters, that Tether CEO Paolo Ardoino abruptly asked to pause the interview. The reason? He’d noticed a “weird message” on the laptop open in front of him. 

After twenty seconds of silence in the conference room, Ardoino’s face flashed a big grin. Reports were circulating that Circle, one of Tether’s chief competitors, might tap the brakes on its long-planned IPO. 

”People were not impressed by their financials and disclosures,” Ardoino said in reaction at the time. “They make no money, I guess.” 

“It’s funny because I kept saying they were making no money, forever,” the Tether CEO continued. “And people were saying, ‘Oh, Paolo, of course you are, you’re a competitor.’ But it’s clear.’”



Two months later, Circle’s IPO has finally hit Wall Street—and the company is having anything but money troubles. On Thursday, the stablecoin issuer’s stock more than tripled its $31 IPO target price on its first day of trading, eclipsing $100 and sending the company’s fully diluted market capitalization surging past $19 billion.

Excitement around Circle’s Wall Street debut was so pronounced on Thursday that the New York Stock Exchange had to halt trading of the stock, CRCL, multiple times. 

Decrypt reached out to a Tether representative Thursday to get Ardoino’s thoughts on the development, but did not immediately receive a response.

Tether is by far the world’s largest issuer of stablecoins—digital assets typically pegged to the U.S. dollar that allow holders to enter and exit positions in crypto markets and are thus a cornerstone of the industry. 

The El Salvador-based company’s flagship stablecoin, USDT, currently boasts a market capitalization in excess of $153 billion. Tether’s next closest competitor is Circle, which issues USDC, a dollar-backed stablecoin with a circulating value of $61 billion. 

Circle, which is based in the United States, is widely seen as a Tether competitor willing to comply with stringent financial regulations where the market leader may not. Tether has never submitted to a full financial audit, and USDT has been delisted in jurisdictions like the European Union with stricter requirements for stablecoin issuers.  

As the United States attempts to pass its own legal framework for issuing stablecoins, Tether has signaled it may create a new token tailored to satisfy those requirements, and keep its flagship USDT token focused on emerging markets. Stablecoin bills pending in Congress would obligate issuers, among other things, to offer detailed, audited proof of on-hand reserves, and to comply with stringent anti-money laundering measures required by the Bank Secrecy Act. 

During Decrypt’s sit down with Ardoino in April, the Tether CEO made clear there is little love lost between him and competitors including Circle. Ardoino dismissed any claims made by such companies about Tether’s alleged lack of compliance with financial regulations as untrue and disingenuous. 

“They want to try to kill us,” he said. “Just for the sake of trying to make a little bit of more money.”

Ardoino also signaled, during the interview, that the choice made by companies like Circle to embrace Wall Street may be shortsighted. 

“It’s great for us,” the CEO said of the increasingly crowded field of stablecoin issuers. “Because every one of them will focus on institutional adoption, and institutions will betray you for one business point.”

Ardoino analogized the desire of any competitor in his sector to try to catch up to Tether as akin to a startup trying to build “another Amazon” from scratch.

“Sure,” he said. “But we have the distribution that no one else has. It’s very hard to replicate now.”

Circle’s own CEO, Jeremy Allaire, saw his personal wealth balloon by nearly $2 billion on Thursday, based on company stock he owns. 

Earlier this morning, the executive made a celebratory post on X, heralding Circle’s stock exchange debut as a historic moment for him and his company. 

“From inception, we have been deeply focused on being trusted, transparent, compliant, ethical and well governed,” Allaire said. “Holding ourselves to the high standards of the NYSE and SEC rules and regulations further deepens those attributes.”

In the last few hours, analysts have rushed to explain Circle’s tremendous overperformance on the stock market, which caught many in traditional finance by surprise. 

“It’s mostly driven by stablecoin fervor and folks vastly underexposed or sidelined there,” Tom Dunleavy, a partner at investment firm Varys Capital, told Decrypt of current interest in the company. “You can’t invest in Tether.”

Additional reporting by André Beganski

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June 8, 2025 0 comments
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Here's 10 minutes from Clair Obscur: Expedition 33's documentary courtesy of IGN Live 2025
Game Reviews

Here’s 10 minutes from Clair Obscur: Expedition 33’s documentary courtesy of IGN Live 2025

by admin June 8, 2025


As part of IGN Live, Sandfall Interactive has unveiled the opening 10 minutes of an all-new documentary following the team as it developed and released Clair Obscur: 33 Expedition.

The exclusive clip shows the documentary starts at the end, with Sandfall developers counting down the seconds to the moment its inaugural game went live. It then rewinds to the beginning, introducing us to the development team, the motion capture actors, and the story behind the game.

Clair Obscur: Expedition 33 – Exclusive First Look at The Making of Documentary | IGN Live 2025.Watch on YouTube

There is no release date as yet for the documentary, as it’s currently a work-in-progress. However, the ten-minute taster offers a great insight into what to expect, including the revelation that that delightful moment between Monoco and Verso was entirely improvised.

Jennifer English (Maelle), Ben Starr (Verso), Shala Nyx (Sciel), Kirsty Rider (Lune), Rich Keeble (Monoco), and Maxence Cazorla (Esquie) also joined the IGN Live stage to talk about their work on Clair Obscur: Expedition 33.

“We were all really excited,” English said. “We weren’t as stressed as the developers were, but I was dead nervous about it because we put all our love and heart into it and hope it pays off – and thankfully it did.”

“You can do whatever you do in the studio, but then it stops being yours. You don’t know what it’s going to become,” Ben Starr added. “There are so many circumstances that go into the release of a game, and I felt, personally, there was a huge amount of pressure. It’s a game I wanted to be good for the team because they had put so much work into it, and because we didn’t just come into it, we were an additional part of it.”

Sciel actor Shala Nyx also explained how their character has resonated so deeply with players.

“It’s so cinematic. It’s just so wonderful to be the voice and body of a character that is so rich and has so much emotional depth,” Nyx said.

“I’ve had so many people reach out to me about how my character has helped them with their depression and helped them with their mental health. It’s so ephemeral and every moment is so rich, and that’s a testament to the writing.”

“Outstanding artwork and glorious combat bring Clair Obscur: Expedition 33’s bold, painterly world to life,” reads Eurogamer’s Clair Obscur review.

On its first day, Clair Obscur: Expedition 33 sold 500,000 copies. Within three days, the game had hit a million copies sold. Then, 33 days after its release on 28th May, the game has reached 3.3 million sales across PC and console. “We couldn’t make that up,” said a social post sharing the news.



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June 8, 2025 0 comments
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Key XRP Metric Plummets by 90%, but Here's What Happened
NFT Gaming

Key XRP Metric Plummets by 90%, but Here’s What Happened

by admin June 8, 2025


Crucial on-chain metrics show warning signs that XRP is currently balancing between recovery and collapse. According to recent Highcharts data, one of the most striking trends is the dramatic 90% decline in XRP’s payment volume, which fell from over 1 billion XRP on June 7 to only about 114 million on June 8.

This sudden decline in transaction volume is noteworthy and suggests that institutional activity may be slowing down or that demand may be waning. The price chart of XRP does not yet show a complete collapse from a technical perspective. The 200 EMA, which has historically served as a dynamic support, is just above the asset. Following a recent rebound from this line, XRP increased to $2.20, up almost 3.25% for the day.

XRP/USDT Chart by TradingView

The price is still trapped between the $2.26 and $2.55 important resistance levels though. Although XRP’s recent exit from a descending triangle pattern typically indicates bullish continuation, the failure to hold above moving averages such as the 50 and 100 EMA raises questions about how strong this reversal was. Volume indicators indicate comparatively weak follow-through, indicating bulls lack conviction and price volatility has decreased.

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The narrative of fundamental support is undermined by the sharp decline in payment volume, which is used to gauge actual utility and network activity. In the past, periods of consolidation or even more profound retracements are preceded by abrupt contractions in this measure. Price action may drop toward the psychological support at $2.00 or even lower to $1.80 if it breaks the 200 EMA level, which is currently just above $2.08.

It is important to keep in mind, though, that these metric drops may also be noise caused by single-entity behavior, particularly when institutional users or whales halt operations. The present weakness may only be a shakeout if XRP is able to rebound above $2.20 and make another attempt at the $2.55 resistance with volume support.

At the moment, XRP is balancing on a thin line. The 200 EMA and transaction metrics are what will determine whether this is a trapdoor or a launchpad, so pay close attention to them.



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June 8, 2025 0 comments
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Here's an alchemy shop-sim that is also a mech-builder deckbuilder
Product Reviews

Here’s an alchemy shop-sim that is also a mech-builder deckbuilder

by admin June 8, 2025



[Official Broadcast] Frosty Games Fest | Summer Game Fest 2025 – YouTube

Watch On

In the southern hemisphere the Summer Game Fest is a winter event. The Frosty Game Fest exists as a counterpoint—highlighting more than 50 games, both new and upcoming, from Australia and New Zealand. Or as the show’s tagline puts it: “COOL SH*T FROM ANZ.” And you better pronounce it zed.

Enjoying a world premiere at this year’s Frosty Game Fest was Apothecary of City X, a sci-fi strategy-simulation where you are the last alchemist in a dystopian future. There’s a shop side of things where you have to identify ingredients and deliver people’s medicine or poison, as the case may be, which looks a bit like Strange Horticulture.

But there’s also an external element where you hit the streets in a junker mech, and fight other mechs in card combat. It’s a deckbuilder on the sly, with your deck of cards representing the run-down mech you climb into like a suit of armor when you need to leave your shop for the neon streets of City X.


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It’s a quirky mash-up. One of the city’s zones is called the Breakfast Sector, as revealed in a scene where someone turns a crank on the side of his face seemingly to keep a headlamp running. If you’re low on goji berries you can cut a corner by substituting “old soda” in recipes, or swapping out ginseng for inspired cereal. Also, to get new builds for your mech you collect retro cartridges you interact with via some kind of cyberpunk viewmaster interface.

So yeah, it’s an unusual one. If you’re intrigued by the idea of running your own Chinese apothecary in a dystopian city, there’s a Steam page where you can wishlist it. Apothecary of City X is coming to early access in November of 2025.

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.



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June 8, 2025 0 comments
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A turquoise logo for the Future Games Show Sumemr Showcase 2025 on a black background with triangular accents
Gaming Gear

Here’s how to watch the Future Games Show Summer Showcase

by admin June 7, 2025



The Future Games Show Summer Showcase is back this year with a look at over 50 upcoming games. You can catch the show live on June 7 at 1 pm PT/4pm ET/8pm GMT.

This year’s Summer Showcase is hosted by notable voice actors and Critical Role streamers Matthew Mercer and Laura Bailey and will give us a peek at a whole slate of new games. There will be world premieres, game demos, developer interviews, and trailers of both indie and big-budget games.

You can expect to see new trailers for Directive 8020 from Supermassive Games, Herdling from Okomotive and Panic, Crisol: Theater of Idols from Vermila Studios and Blumhouse Games, Embark Studios’ The Finals, and more.


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How to watch the Future Games Show Summer Showcase 2025

The Future Games Show Summer Showcase will be viewable almost everywhere: Twitch, YouTube, X, Facebook, TikTok, GamesRadar, Steam, PC Gamer, IGN, Gamespot, BiliBili, Ginx TV, ESR and more.

There will be localized subtitles on specific streams in Spanish, German, French, Polish, Portuguese, Italian, Thai, Hindi, Simplified Chinese, Japanese and Korean. And on YouTube you can watch the show in ASL and BSL.

Watching the show on the Future Games Show Twitch channel for more than 15 minutes will get you an exclusive Twitch Drop for The Finals.

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.





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June 7, 2025 0 comments
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