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HYPE

Is Bitcoin Treasury Hype Fading? Data Suggests So

by admin September 18, 2025

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

Bitcoin treasury companies have seen a record-breaking 2025 so far, but CryptoQuant data shows momentum has started to slow down.

Bitcoin Treasuries May Be Observing A Slowdown

In a new post on X, on-chain analytics firm CryptoQuant has discussed how the latest trend is looking when it comes to Bitcoin corporate treasuries. Popularized by Michael Saylor’s Strategy (formerly Microstrategy), the treasury playbook refers to a model where a publicly listed entity buys and keeps BTC as a reserve asset on its balance sheet.

The previous cycle saw this treasury strategy gain some steam, but things have gone up a notch this cycle as the success of Strategy has encouraged companies to go bolder.

As the below chart shows, 2023 peaked at just 15 new treasury buyers of Bitcoin, but the number more than doubled to 38 in 2024.

The number of new treasuries seems to have been accelerating | Source: CryptoQuant on X

2025 has only continued this trend of acceleration, with 89 companies already having added BTC to their balance sheets, when there are a few months left to go for the year.

That said, while 2025 has certainly been impressive so far, granular data could show early signs that a shift may be underway.

The new treasury companies established in the various months of 2025 | Source: CryptoQuant on X

As is visible in the above graph, the Bitcoin treasury strategy hype saw an increase over the year, peaking at 21 new firms in July. In August, however, the number dropped to 15, and in the first half of September, so far, just one new company has employed this model. Based on the data, CryptoQuant concludes, “the slowdown has begun.”

The cooldown in momentum is also evident in the stock charts of some of these firms.

Looks like these companies all saw a notable peak in their stock before seeing a sharp decline | Source: CryptoQuant on X

Examples of this include The Blockchain Group, which was sitting at +1,820% at its peak before seeing a decline to +443%, and Metaplanet, down to +55% from its +355% top. “Signs the hype is deflating as reality sets in,” notes the analytics firm.

Though while signs have been there for a slowdown, the big buyers haven’t looked done accumulating Bitcoin yet. Strategy has regularly been buying and has added $19.3 billion to its reserves year-to-date. Similarly, Metaplanet has expanded its treasury by $1.92 billion.

The cumulative USD amount invested by Strategy for each year | Source: CryptoQuant on X

Today, Bitcoin treasury companies as a whole control more than 1 million tokens, equivalent to 5% of the entire BTC supply in circulation. Strategy alone makes up for 66% of this stack.

BTC Price

Bitcoin has furthered its recovery over the past day as its price has surged to $116,600.

The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView

Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

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September 18, 2025 0 comments

Lion Group bets on Hyperliquid as it converts SOL and SUI to HYPE

Crypto Trends

Top 3 reasons HYPE price jumped 23% this week

by admin September 12, 2025

Hyperliquid’s native token HYPE is stealing the spotlight. With a double-digit rally this week, three powerful drivers are fueling its bullish momentum.

Summary

HYPE price has jumped significantly over the past few days, making it one of the crypto market’s top performers this week.
Paxos, Frax Finance, Agora, Ethena, and Sky are competing to issue Hyperliquid’s USDH, sparking excitement across DeFi.
BitGo added HyperEVM support, while Lion Group shifted $600M into HYPE at all-time highs.
There are rumors of a VanEck HYPE Spot Staking ETF and European ETP which could boost optimism for institutional access.

Hyperliquid has emerged as one of the top crypto gainers this week, climbing 23% and outpacing many rivals in a market still recovering from volatility. The token’s surge has been driven by a mix of ecosystem developments, whale activity, and speculation around institutional products.

Royal battle over USDH stablecoin fuel HYPE price

One of the biggest narratives surrounding Hyperliquid (HYPE) is the ongoing battle over who will launch USDH, the ecosystem’s native stablecoin. Several heavyweight issuers, including Paxos, Ethena Labs, Sky, Frax Finance, Agora, and others have submitted competing proposals to serve as the official issuer.

Paxos recently updated its pitch to include a high-profile partnership with PayPal, offering incentives such as HYPE token listings, free USDH on/off-ramps, and $20 million in ecosystem rewards.

Competitors like Sky have countered with revenue-sharing models and promises of neutrality, while others like Ethena have fallen out of the race. The attention surrounding USDH has added legitimacy and long-term growth potential to the Hyperliquid ecosystem, increasing demand for its native token.

HYPE token gets rising whale activity and institutional interest

Another factor fueling HYPE’s rally is the rise in whale accumulation and institutional participation. In late August, BitGo announced support for HyperEVM, the chain powering Hyperliquid, enabling qualified clients to access its custody solutions. This development expanded the project’s reach among larger players seeking compliant infrastructure.

Additionally, Lion Group Holding made headlines by reallocating $600 million from SOL and SUI into HYPE, citing the platform’s efficient trading infrastructure and liquidity depth. These move signals growing confidence from institutions and whales.

Rumors of a HYPE ETF

Meanwhile, there is rising speculation around a VanEck HYPE Spot Staking ETF which has further energized the market. Reports suggest the asset manager is preparing to file for approval in the U.S. while also planning a European-listed exchange-traded product (ETP).

If successful, the ETF would give institutional investors exposure to HYPE while funneling part of the profits into HYPE token buybacks, boosting demand. Such a product would also mark HYPE as the youngest token to secure an ETF filing, underscoring its rapid rise in mainstream attention. The rumors have bolstered sentiment, with traders pricing in the possibility of a new wave of institutional access and liquidity for HYPE.

HYPE token technical analysis

At press time, HYPE trades at $55.80, per market data from crypto.news. The native has extended its rally from the $47.00 support zone. The Relative Strength Index (RSI) sits at 67.64, close to overbought levels, suggesting buyers remain in control but short-term cooling is possible. MACD remains bullish, with widening histogram bars confirming strong momentum.

HYPE Price Chart | Source: crypto.news

On the downside, support lies at $52.00 and $47.00, while the next resistance sits between $58–$60. A decisive breakout could pave the way toward $65–$70, though profit-taking at current levels remains a risk.

While short-term pullbacks are possible, HYPE’s fundamentals and growing institutional narrative continue to drive its bullish momentum.

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September 12, 2025 0 comments

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 12)

Crypto Trends

ETF Hype Fuels Altcoins, Solana Receives $1.65B Infusion, and More…

by admin September 12, 2025

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

Stay Ahead with Our Timely Insights of Today’s Next Crypto to Explode

Check out our Live Next Crypto to Explode Updates for September 12, 2025!

Crypto is so unthinkably huge at the moment, a nearly $4 trillion industry that’s aiming for world domination.

Recent headlines talk of Circle and Mastercard planning to add USDC to global payment systems, Ethereum and Bitcoin treasuries in the billions of dollars, and Google building its own blockchain.

Bitcoin has an all-time growth of over 180,000,000%, Dogecoin over 43,000%, and some of the newest presale coins often pump 10x, 100x, or even 1,000x on rare occasions.

Explosive potential is probably the single best description for what we’re seeing today in crypto.

Quick Picks for Coins with Explosive Potential

If you’re looking for the most recent insights on the next crypto to explode, stay tuned. We update this page frequently throughout the day, as we get the latest and greatest insider insights for chart sniffers and traders looking for the next coin to explode.

Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you.

ETF Hype Fuels $DOGE – Is Maxi Doge the Next Crypto to Explode?

September 12, 2025 • 10:00 UTC

Dogecoin just ripped 22% this week, climbing to $0.2621 after CleanCore Solutions dropped over $125M into $DOGE, and ETF hype hit a new high.

Rex-Osprey’s upcoming ETF, ticker $DOJE, now expected to launch next Thursday, has prediction markets betting hard on $DOGE hitting $0.30 in response.

While $DOGE courts institutional love, $MAXI is grinding in presale with over $2M raised and a community that trades like it lifts – hard and heavy

Unlike $DOGE with its infinite supply and slow PoW chain, Maxi Doge ($MAXI) is built for degens who demand more from their memes: capped supply (150.24B), staking with 156% APY, verified audits, and the advantage of Ethereum’s fast PoS chain.

Is this the next crypto to explode? Projecting a potential ROI of 774% by the end of the year, $MAXI price predictions suggest it just may be.

Presale’s live with tokens going for a low $0.000257. Don’t skip this rep.

Solana Gets a $1.65B Cash Infusion As $SNORT Becomes the Next Crypto to Explode

September 12, 2025 • 10:00 UTC

Medical device company Forward Industries has made a colossal $1.65B bet on Solana ($SOL). It’s a strategic private placement endorsed by crypto heavyweights like Galaxy Digital, a move that saw Forward Industries’ stock soar 6%.

The institutional money is a clear vote of confidence, arriving as Solana’s market indicators are flashing green. Technical charts are forming a pattern that often precedes a major breakout, with some daring to forecast a leap to $1K.

And while everyone’s talking about Solana’s rally, it’s not surprising that it’ll bring attention to a nifty tool that aims to make trading a whole lot easier, which starts on the Solana network. It’s the Snorter Bot, powered by its Snorter Token ($SNORT).

It’s a powerful trading tool enabling sniping of new tokens, copy trading, and reduced transaction fees, really putting power back in the hands of everyday investors.

You could see a potential return of 802% if you invest at today’s price and it reaches our end-of-2025 $0.94 price prediction.

Authored by Bogdan Patru, Bitcoinist — https://bitcoinist.com/next-crypto-to-explode-live-news-september-12-2025/

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September 12, 2025 0 comments

NFT Gaming

DeFi Protocol Ondo Finance’s Token Soars Amid Tokenization Hype

by admin September 12, 2025

In brief

Ondo rose nearly 10% Thursday to $1.10, bringing weekly gains to more than 21%, CoinGecko data shows.
Total value locked for Ondo Finance has tripled this year to $1.57 billion.
BlackRock’s move to put ETFs on blockchains is adding credibility to Ondo’s push into tokenized stocks and real-world assets, Decrypt was told.

The token belonging to decentralized finance-focused asset manager and tech firm Ondo Finance is extending gains this week alongside a rising crypto market and fresh headlines related to the world’s largest asset manager, BlackRock.

While the crypto market’s broader bullish sentiment is being driven by the strong possibility of a Federal Reserve rate cut decision, the tokens’ rise coincides with BlackRock’s plans to introduce exchange-traded funds onto public blockchains, Bloomberg reported Wednesday.

Ondo is up nearly 10% on the day to $1.10 after clocking more than 21% gains this week, CoinGecko data shows.

Thursday’s gains follow last week’s launch of tokenized versions of more than 100 U.S.-listed stocks, ETFs, and other equities on Ethereum via the DeFi protocol’s Global Markets platform.

Lai Yuen, investment analyst at Fischer8 Capital, told Decrypt Ondo’s price rise is likely driven by “excitement around tokenized stocks.”

Onboarded partners and advisors for Ondo’s Global Markets, which includes the likes of WisdomTree, have helped grow the platform by $160 million in TVL over nine days.

That all but “underscores the project’s strong early traction,” Yuen said.

Ondo Finance’s total value locked, meanwhile, has nearly tripled since the start of 2025, growing from $611 million to $1.57 billion, DefiLlama data shows.

The long-term outlook remains bullish, according to Yuen, who posits that even if the project captures 10% of the stock market, it would translate to “substantial fee generation for Ondo token holders.”

“The project’s regulatory moat, bolstered by its advisory board, provides a durable long-term advantage that will be difficult for competitors to replicate,” he said.

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September 12, 2025 0 comments

NFT Gaming

Crypto Pundits Bullish on Bitcoin (BTC), Ethena (ENA), Solana (SOL), HYPE, BNB

by admin September 12, 2025

Key economic data released Thursday indicate that the U.S. economy may be on the brink of stagflation, a challenging mix of sluggish growth, a weakening labor market, and rising prices.

Despite these concerns, crypto market participants remain optimistic, focusing instead on anticipated Federal Reserve rate cuts and signals from traditional markets as drivers for higher crypto valuations.

“The underlying driver of this market cycle is a monetary tailwind, and that remains intact, despite the risk of stagflation. Bitcoin, and crypto more broadly, are absorbing capital as a hedge against fiat dilution and long-term fiscal instability. They aren’t functioning solely as a bet on risk, like we’ve seen in past cycles,” Shane Molidor, founder of Forgd, a crypto advisory platform, told CoinDesk.

Data released Thursday showed that consumer prices rose 0.4% month-on-month in August, driving the annualized inflation rate to 2.9% — the highest since January. That was up from 2.7% in July. Meanwhile, first-time applications for unemployment benefits surged last week to their highest level in four years. Early this week, the BLS announced a record downward revision to jobs created during the year ended March 2025.

Despite the supposed stagflationary data, the S&P 500 surged to new all-time highs, while the dollar index fell by 0.5% to 97.50, as traders focused on anticipated Fed rate cuts and looked beyond inflation worries.

Bitcoin BTC$115,532.01, the leading cryptocurrency by market value, briefly topped $116,000, building on its recent bullish technical breakout. As of the time of writing, BTC was trading at $115,244. Altcoins such as Solans’s SOL (SOL), LINK (LINK), Dogecoin DOGE$0.2630 posted bigger gains on a 24-hour basis.

Traders widely expect the Fed to cut rates by 25 basis points to 4% on Sept. 17, with additional reductions anticipated through the end of the year. This outlook remains largely unchanged despite Thursday’s disappointing economic data, signaling continued confidence that the Fed will prioritize supporting the labor market, looking past concerns of sticky inflation.

Le Shi, managing director of crypto market maker Auros, made an interesting observation that the Magnificent 7 coins – large-cap technology stocks known for their market dominance and strong growth potential – appear relatively insulated from stagflation fears. The continued strength in the so-called Mag 7 coins, which have planned billions in capital expenditures and research and development (R&D) expenditures on AI, could grease the crypto bull sentiment.

“On stagflation being a looming threat to the current bull run, the Mag 7 and the S&P 493 have significantly decoupled of late. As a result, the AI narrative – arguably the largest theme in this bull run so far – appears more insulated from stagflation fears because of this,” Shi added.

Sam Gaer, chief investment officer of Monarq Asset Management’s Directional Fund, stated that the risk-reward ratio in the cryptocurrency market remains attractive.

“Traders appear to be getting an ‘all clear’ for a rate cut next week after CPI and labor data delivered no shocks or negative surprises. With these releases behind us — and after yesterday’s softer-than-expected PPI print — we believe risk/reward continues to favor the upside,”

Gaer explained that in a potential stagflationary scenario, the Fed may be forced to prioritize price stability over employment and raise rates, which could lead to a temporary risk aversion or sell-off in growth and liquidity-sensitive assets such as stocks and cryptocurrencies. However, this would only strengthen the long-term crypto bull case.

“Over the medium to long term, however, this dynamic would strengthen the structural bull case for Bitcoin and crypto more broadly, as investors seek scarce, non-sovereign assets to hedge persistent fiat debasement,” Gaer said, adding that the probability of a prolonged stagflationary regime is low.

Markus Thielen, founder of 10x Research, said the disinflation trend is likely to resume in the coming months.

“Our inflation model and leading indicators point to falling inflation, a backdrop that gives risk assets room to run. A 25bp cut with guidance for more would calm markets, not spook them, and set the stage for a bullish finish to the year,” Thielen told CoinDesk.

Standout tokens

As bitcoin and other major cryptocurrencies reach new all-time highs, a select group of altcoins is poised to experience significant rallies. Notably, there is a growing consensus about solana’s (SOL) price prospects.

“We have seen strong demand for SOL during the past 2 weeks. SOLBTC is trading at its highest level in seven months and pushing up against the psychological 0.002 level, with strong upward momentum continuing from early August. Rotation into SOL is naturally occurring as several SOL DATs are coming online, with over $1B raised (or being raised) into various SOL vehicles,” Gaer explained.

The other favorites among industry participants are the DeFi protocol Ethena’s ENA token and its synthetic dollar, USDe, as well as decentralised exchange Hyperliquid’s HYPE token.

“Younger investors aren’t interested in slow 7% annualized returns. Instead they’re turning to perpetuals markets and trading with leverage, making riskier bets with greater upside potential. Hyperliquid is built for exactly that type of user: it’s permissionless, always-on, and increasingly positioned as the go-to for high-beta plays, especially among younger investors who view volatility as a feature, not a bug,” Molidor said explaining the bullish case for Hyperliquid’s HYPE token.

He pointed out the yield advantage Ethena has as the Fed cuts rates, driving down the return on traditional fixed-income instruments and dollar equivalents, such as stablecoins.

Think of it like the popular yield-differential strategy in foreign exchange markets, where a country’s currency tends to strengthen when its bond yields rise relative to others, attracting capital flows due to higher returns.

“As the Fed cuts rates and short-term T-Bill yields fall, traditional stablecoins like Circle’s become less profitable and Ethena’s tokenized basis trade becomes more lucrative. It’s a rare circumstance where Ethena’s stablecoin yields go up as Fed rates come down, which could make the token particularly attractive in the next phase of the market cycle,” he noted.

Auros pointed to CRO along with SOL, BNB and HYPE as key tokens to watch out for during the next upswing in the crypto market.

Read more: Rising Jobless Claims Eclipse Inflation Data as Recession Fears Resurface

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September 12, 2025 0 comments

NFT Gaming

HYPE HITS ATH, NASDAQ WANTS STOCK TOKENISATION, WLD SOARS

by admin September 9, 2025

Crypto continues to edge higher, alts outperform. NASDAQ files with SEC for tokenisation of stocks. HYPE $55, hits ATH amid native stablecoin proposals. Ledger CTO sounds alarm after supply-chain attack. SwissBorg suffers $40m hack. Russia accuses the US of weaponising stablecoins. Congress seeks report on details of BTC reserve. SEC Crypto task force discusses crypto x AI. Strategy buys $217m BTC. WLD +40% as Eightco raises $250m for treasury. Ant Digital puts $8.4b energy assets on blockchain. MegaETH launches USDm stablecoin with Ethena. Justin Sun backed stablecoin launches on Ethereum. CoinShares to move listing to US exchange. Ripple extends crypto partnership with BBVA. Kazakhstan announces National Crypto Fund

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September 9, 2025 0 comments

The protagonist of Hollow Knight Silksong, Hornet, looks up at a crowd of bugs suspended from the ceiling in web

Gaming Gear

I spent all weekend playing Hollow Knight Silksong and I’m totally enthralled, but nothing could completely live up to the hype after so many years

by admin September 8, 2025

Up front: Silksong is obviously a good videogame.

I’ve played it for around 15 hours in the last four days, and all the while I’ve watched online communities grapple with it, most of whom seem to have progressed further than me. I’ve spent at least half as many hours reading about Silksong these past few days as I have playing it. And honestly, under the circumstances—the media didn’t get a head start here—that feels like the best way to go about playing and thinking about this curious game, which will likely delight or disappoint depending on your attitude going in.

I really like it so far, but there are some things that annoy me about it, and I don’t think it lives up to the hype through no fault of its own.

I’m still not completely sure why Hollow Knight got as big as it did. I totally agree that it’s a great videogame and an outstanding metroidvania. Few games in this genre trust and reward the curiosity of the player as much as Hollow Knight did, and Silksong is no different in this regard.

But this doesn’t sufficiently explain its popularity. Maybe it’s because Team Cherry’s melancholy and quietly eccentric world is, in subtle ways, pretty different to anything we’ve explored before in this genre. It’s simultaneously cosy and forbidding, nasty and cute. Neither Hollow Knight or Silksong are fantasy metroidvanias, nor gothic ones, nor sci-fi ones, and that’s unusual. Most games adhere to the dictates of popular genres so strictly that when something like Hollow Knight comes along—something that doesn’t so much invent a new orthodoxy as it does artfully blur the distinctions between well-trodden ones—it can feel like a revelation. More curiously, this world of strange bugs, upright vermin, proud parasites, doesn’t feel aligned with any industry zeitgeist at all. (But nor did other mega popular indies Peak, Phasmophobia, or Among Us. I’m detecting a pattern.)

(Image credit: Team Cherry)

Which might be why Hollow Knight got as big as it did, aside from the prosaic truth that it’s fun. It’s also part of the reason why I think Silksong will inevitably be embraced despite not reinventing or even meaningfully advancing the genre it inhabits. Unless something massive changes between now and when the credits roll, Silksong isn’t a project in exceeding and thus rendering quaint and redundant its predecessor: it’s very much a companion piece. Despite the insurmountable hype built over years of gestation, Silksong’s ambitions are humble.

Beast mode

While Hornet is a much faster, more adept, more balletic character than her predecessor, Silksong feels surprisingly similar to Hollow Knight. The platforming is reliably tight, and Hornet is not beholden to the rules of inertia. She stops on a dime, and can be controlled mid-air. She doesn’t slide around too much and there is no sense of ever losing control over her. In the early hours at least, her downward attacks can only be executed diagonally, which actually makes no bloody sense, but the snooker-like gradations of complexity it introduces to movement and combat is edifying.

Just as I’m coming to grips with Hornet’s movement, the usual onslaught of new abilities reinvent her. Aside from the major traversal upgrades I know to expect in games like this, Silksong has a take on Hollow Knight’s Charms that makes it feel more akin to an RPG. Hornet can equip different Crests once she’s found them, and all confer some minor but important tweaks to her combat moveset. On top of that, these Crests are what you slot Silksong’s equivalent to Charms into. It’s the kind of change that will please more experimental players, as well as those who spent a lot of time mixing and matching Charms in the original.

The bosses so far don’t really rock the boat in terms of design: it’s still a matter of watching, learning and then perfecting a series of attack phases.

Silksong feels good in the hand, but it’s not why I play it. While I don’t like the Ori games as much as I love Hollow Knight, I feel like the former has a better grasp on mellifluous and expressive character movement. Team Cherry’s approach to platforming can feel quite wooden, and it lacks the flair of something like Mario or even N++. Silksong is faster than its predecessor, and the combat is much more aggressive—there are a lot of potential abilities to chain together, and many early-to-mid game bosses demand it—but Silksong, like Hollow Knight, isn’t so much about flowstate as it is about observation, patience and well-timed, precise manoeuvres.

(Image credit: Team Cherry)

One thing I love about Silksong is that its world sprawls much more than its predecessor: at the time of writing I have three known directions I can explore, and probably more that I don’t know about. I love to feel overwhelmed with options in a metroidvania. I’ve read anecdotes from players online who managed to discover far-flung regions of the map in the early hours that I haven’t seen yet by mid-game, and as a general rule, areas feel much more varied, with distinct and often surprising themes (one of my criticisms of Hollow Knight is that it’s a very dark game; Silksong is less so).

And as usual, novel approaches to exploration are often rewarded. Once, to scale an insurmountable wall, I lured a bug from a far-flung area of the room to pogo-bounce off it and mantle onto the unreachable surface. It worked. I found an NPC up there, and I’m not sure who the heck they are or how they factor into my journey, but I was rewarded for doing something that would feel akin to a bug in most other games.

There are also a lot of surprising one-off encounters—many more than in Hollow Knight—which results in a delightful tension with every new room explored. Who am I going to find in here? And what will they want from me?

(Image credit: Team Cherry)

The bosses so far don’t really rock the boat in terms of design: it’s still a matter of watching, learning and then perfecting a series of attack phases. But all I’ve beaten so far, ranging from the widely loved ol’ chum Bell Beast through to the semi-puzzly Fourth Chorus, have been gripping spectacles, at least until the fifth-or-so attempt.

Silksong isn’t harder than Hollow Knight, until it suddenly is: a particular boss (I’m actually still trying to beat it) is mercilessly kicking my arse harder than any mandatory boss in Hollow Knight, and I’m definitely less than halfway through the game. This game makes no concessions for newcomers or the impatient, and some of its quirks, like taking damage when merely touching an enemy (even if they’re stunned!) can feel unfair, or dare I say, like poor game design.

Notice bored

This is a metroidvania alright. But to see why Silksong is special you have to be alert to the minor details. In one area, tiny brown bugs carry away the corpses of enemies you’ve slain, but you’ll only notice if you stand around for a while. When the Bell Beast leaps around in their unkempt den, tiny bells bounce and ricochet off all surfaces melodiously. And while the music is as grandiose or as plaintive as the situation warrants, Silksong really excels in the area of sound design: the clink of Hornet’s sword against an impenetrable metal wall, the distant foreboding rumblings in Hunter’s March that I’m sure will probably be explained at some point (but I’ll be happy if they aren’t), give the world a sense of life and tactility that very few other studios can manage on a 2D plane.

The combat is fine, but it needs the spectacle of a boss battle, or the momentum of exploration, to carry it through.

This is an unusually lavish game, and not just by the standards of sidescrolling platformers. Spend a moment in any given room, and take in the bespoke detail applied. And then, listen to the room. The map may be bigger and there may be more bugs, but the truly impressive thing about Silksong is its sensorial detail. Get it on the biggest screen you’ve got. Make sure you’ve got the sound charging through the best speakers you have. Don’t play it at barely audible volume on a handheld: it won’t do it justice. It makes Prince of Persia: The Lost Crown look like a Roblox experience.

There are a few things that annoy me. I don’t like the sidequests, or “wishes”, so far. They usually demand Hornet to collect so-and-so amount of things, and I’d happily ignore them were it not for the fact that completing some of them have far-ranging consequences. There’s even a sidequest notice board in the main township: I hate these things in games, and it feels weirder for Hornet to be rocking around doing MMO-like sidequests than it would have done for the Knight. If I wanted this nonsense I’d wait for Borderlands 4.

(Image credit: Team Cherry)

And I’m not super fond of being suddenly trapped in a room and having to fend off waves of enemies before I can proceed. Not because these sequences are arduous—though they’re sometimes really hard—but more because they’re boring, and they happen much more frequently in Silksong than they did in Hollow Knight. The combat is fine, but it needs the spectacle of a boss battle, or the momentum of exploration, to carry it through. I can’t help but groan every time two metal gates slam shut in a square room so I can fight more of the same enemies I was just fighting in the previous hallway.

I feel like those complaints are pretty minor considering how infatuated I am with Silksong, but I do get the sense that living up to the pre-release hype is basically impossible for this gorgeous but ultimately quite orthodox platforming adventure. And I don’t mean that as a criticism: it just seems basically true to me. It’s just the nature of hype.

Then again, maybe Silksong is different. This medium’s timeworn urge towards larger scale, new and innovative game systems, and envelope-pushing graphics technology—ie, the phenomena that is basically killing the blockbuster side of town right now, at least in the west—doesn’t seem to touch Team Cherry at all, whose fortune was made via Kickstarter, and whose core team is made up of three South Australians. The truth is that they’re just really good at making their weird arse bug games. And they’re really good at making me feel like a minor genius for being curious.

And, because of the huge success of their older game, they’ve been able to spend years filling this newer one with exquisite minor detail. Just don’t come here expecting a reinvention or even something dramatically different to Hollow Knight.

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September 8, 2025 0 comments

NFT Gaming

Lion Group Plans to Swap SOL, SUI Holdings for HYPE

by admin September 8, 2025

Nasdaq-listed Lion Group (LGHL) plans to exchange all of its SOL and SUI holdings for HYPE tokens.

The Singapore-based trading platform operator is aiming to capitalize on the launch of custody services for the the Hyperliquid ecosystem in the U.S. by digital asset custodian BitGo.

Lion Group said it plans to optimize its crypto portfolio using the Hyperliquid layer-1 network’s decentralized perpetual futures exchange capabilities, in an announcement on Monday.

The company began acquiring HYPE tokens in late June, having previously announced its Hyperliquid treasury initiative. At the time, however, Lion Group said it planned to continue acquiring SOL and SUI.

Lion Group CEO Wilson Wang described Hyperliquid as “the most compelling opportunity in decentralized finance, with its on-chain order book and efficient trading infrastructure.”

“By shifting our holdings from SOL and SUI to HYPE through a disciplined accumulation process, we aim to enhance portfolio efficiency and position the Company for sustained growth in the crypto sector,” he added.

At the time of writing, HYPE is priced at $51.39, 9% higher in the last 24 hours.

LGHL shares traded at $1.25 of of midday on the East Coast on Monday, a fall of 7.4% on the day.

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September 8, 2025 0 comments

GameFi Guides

Lion Group bets on Hyperliquid as it converts SOL and SUI to HYPE

by admin September 8, 2025

Lion Group Holding, the Nasdaq-listed trading platform operator, is making a huge bet on Hyperliquid as it announces a reallocation of its Solana and Sui assets.

Summary

Lion Group Holding Ltd. plans to convert its Solana and Sui assets to Hyperliquid’s HYPE.
The company says its move aligns with desire to tap into Hyperliquid’s growth potential following BitGo’s integration of HyperEVM

In an announcement on Monday, Lion Group said it’s taking a fresh bet on Hyperliquid (HYPE),the decentralized exchange platform that has recently attracted significant attention. Specifically, Lion Group Holding Ltd., which offers an all-in-one trading platform that includes over-the-counter stocks, options, and futures, will reallocate all of its current holdings of Solana (SOL) and Sui (SUI) assets to HYPE.

To accomplish this, the company will adopt an accumulation strategy by which it converts all of its SOL and SUI tokens into HYPE. Lion Group plans to undertake this over the coming months, with its decision to pivot to a Hyperliquid treasury strategy coming amid an institutional milestone for the DEX platform, with crypto custody firm BitGo enabling HyperEVM custody for users in the United States.

“We believe Hyperliquid represents the most compelling opportunity in decentralized finance, with its on-chain order book and efficient trading infrastructure,” Wilson Wang, chief executive officer of LGHL, said. “By shifting our holdings from SOL and SUI to HYPE through a disciplined accumulation process, we aim to enhance portfolio efficiency and position the company for sustained growth in the crypto sector.”

Tapping into Hyperliquid’s growth potential

BitGo announced support for HyperEVM in late August, noting that the expansion effort will allow qualified users to tap into BitGo’s custody services to benefit from the growth potential of HyperEVM. One of the key assets in this ecosystem is HYPE, a token that is getting new attention after Hyperliquid revealed plans for its native stablecoin.

According to LGHL, the move to shift SOL and SUI into HYPE will allow it to optimize its crypto portfolio by leveraging Hyperliquid’s potential as a high-performance layer-1 blockchain. Hyperliquid is also a leading decentralized perpetual futures exchange.

Lion Group will take advantage of market volatility to accumulate HYPE at the best prices. The token currently trades around $51.90.

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September 8, 2025 0 comments

NFT Gaming

BTC Price Teases Rebound as DOGE, WLD, HYPE, ENA Pop: Crypto Daybook Americas

by admin September 8, 2025

By Omkar Godbole

The bearish sentiment that followed Friday’s disappointing U.S. nonfarm payroll data quickly ran out of steam over the weekend. That has allowed a few coins, including Ethena’s ENA, worldcoin WLD$1.2232, hyperliquid (HYPE) and dogecoin DOGE$0.2334, to post impressive gains in the last 24 hours.

Bitcoin BTC$112,080.20, which dropped below the key support level of $112,000 after the report, now appears to be forming a bullish inverse head-and-shoulders pattern, often a precursor to a strong rally. BTC’s mining difficulty hit a new high and Strategy (MSTR) Executive Chairman Michael Saylor hinted at additional BTC purchases.

On-chain indicators, however, paint a more nuanced picture for the largest cryptocurrency: The proportion of illiquid supply has surged to record highs, signaling holder conviction. Yet, as CryptoQuant points out, whales are offloading coins at the fastest pace since 2022.

Meanwhile, a lively debate unfolded on X regarding the health of the Ethereum blockchain. One observer pointed to August’s revenue of $39.2 million, the fourth-lowest since 2021, proclaiming, “Ethereum is dying.”

In response, Tom Dunleavy, a senior research analyst at Messari, pushed back strongly, noting that Ethereum and Solana are thriving in terms of total value locked (TVL), active addresses, transaction volume, application revenue and stablecoin activity. He emphasized that revenue alone is a misleading metric for blockchain networks, as it contradicts their fundamental goal of enabling low-friction, decentralized financial activity and could ultimately hinder ecosystem growth.

Ethena’s governance token, ENA, surged to three-week highs after StablecoinX, a treasury company linked to a synthetic dollar issuer planning a Nasdaq listing, raised $530 million saying it intended to buy the tokens. The protocol’s robust fundamentals, highlighted by seven-day revenues of $53 million — more than double those of Hyperliquid — combined with anticipated benefits from StablecoinX’s Nasdaq listing and potential Federal Reserve interest-rate cuts, position ENA as a compelling investment opportunity, according to pseudonymous observer Crypto Stream.

Speaking of Hyperliquid, the layer-1 blockchain and decentralized exchange’s plans to launch its own USDH stablecoin sparked a governance battle, with the community facing backlash over a proposal tied to Stripe’s Bridge platform’s centralized influence.

On the macro front, the yen held steady against the dollar, shrugging off Prime Minister Shigeru Ishiba’s resignation. France, meanwhile, seemed headed toward government collapse.

In the U.S., the Bureau of Labor Statistics (BLS) will release annual benchmark revisions on Tuesday, which are expected to show significantly weaker job growth earlier in the year, with some surveys suggesting that between 500,000 and 1 million jobs could be revised away. Stay alert!

What to Watch

Crypto
- Sept. 9: Shares of SOL Strategies (HODL), a Canadian company focused on investing in and providing infrastructure for Solana’s ecosystem, are expected to start trading on the Nasdaq Global Select Market under the ticker symbol STKE. OTCQB trading as CYFRF will end, and shares will continue on the Canadian Securities Exchange as HODL.
- Sept. 10, 9:15 a.m.: Comptroller of the Currency Jonathan V. Gould will talk about digital assets at the CoinDesk: Policy & Regulation Conference in Washington.
Macro
- Sept. 9, 8 a.m.: Mexico’s National Institute of Statistics and Geography releases August consumer price inflation data.
  - Core Inflation Rate MoM Prev. 0.31%
  - Core Inflation Rate Prev. 4.23%
  - Inflation Rate MoM Prev. 0.27%
  - Inflation Rate YoY Prev. 3.51%
- Sept. 9, 10 a.m.: The U.S. Bureau of Labor Statistics releases preliminary annual benchmark revision to employment data.
  - Nonfarm Payrolls Annual Revision Prev. -818K
- Sept. 10, 8 a.m.: The Brazilian Institute of Geography and Statistics (IBGE) releases August consumer price inflation data.
  - Inflation Rate MoM Prev. 026%
  - Inflation Rate YoY Prev. 5.23%
- Sept. 10, 8:30 a.m.: The U.S. Bureau of Labor Statistics releases August producer price inflation data.
  - Core PPI MoM Est. 0.3% vs. Prev. 0.9%
  - Core PPI YoY Prev. 3.7%
  - PPI MoM Est. 0.3% vs. Prev. 0.9%
  - PPI YoY Prev. 3.3%
Earnings (Estimates based on FactSet data)
- Sept. 9: GameStop (GME), post-market, $0.19

Token Events

Governance votes & calls
- Lido DAO is voting on a proposal to migrate Nethermind’s ~7,000 Ethereum validators to infrastructure operated by Twinstake, a staking provider co-founded by Nethermind. Voting ends Sept. 8.
- Uniswap DAO is voting to establish “DUNI,” a Wyoming DUNA as its legal entity, preserving decentralized governance while enabling off-chain operations and liability protections, with $16.5M in UNI for legal/tax budgets and $75K UNI for compliance. Voting ends Sept. 8.
- Uniswap DAO is voting on an updated Unichain-USDS Growth Plan to accelerate adoption through performance-based incentives and DAO-guided distribution. The proposal introduces minimum KPIs, a “no result, no reward” model. Voting ends Sept. 9.
- Hyperliquid to vote on who issues its USDH stablecoin. Major contenders include Paxos, Frax and a coalition involving Agora and MoonPay. Voting takes place Sept. 14.
Unlocks
- Sept. 9: Sonic (S) to unlock 5.02% of its circulating supply worth $46.02 million.
- Sept. 11: Aptos APT$4.3482 to unlock 2.2% of its circulating supply worth $48.86 million.
- Sept. 15: Starknet (STRK) to unlock 5.98% of its circulating supply worth $15.66 million.
- Sept. 15: Sei SEI$0.2982 to unlock 1.18% of its circulating supply worth $16.01 million.
- Sept. 16: Arbitrum ARB$0.5000 to unlock 2.03% of its circulating supply worth $46.05 million.
Token Launches
- Sept. 8: Openledger (OPEN) to be listed on Binance Alpha, MEXC and others.
- Sept. 8: OlaXBT (AIO) to be listed on Binance Alpha and others.

Conferences

The CoinDesk Policy & Regulation Conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB15 for 15% off your registration.

Token Talk

By Oliver Knight

Memecoins are showing fresh signs of life after months in the doldrums, with several popular tokens posting gains on Monday. The rally comes despite lingering skepticism following a string of celebrity-linked launches that flamed out earlier this year.
Bonk BONK$0.0₄2210, a Solana-based, dog-themed token, led the charge with a nearly 7% daily gain. Dogecoin DOGE$0.2334, the original memecoin, also climbed more than 7%, reaching $0.2335, while newer entrants like spx6900 SPX$1.3292 and pump.fun (PUMP) each outperformed the wider altcoin market.
The CoinDesk Meme Index (CDMEME) has gained 2.20% in the past 24 hours, outpacing the broad market CoinDesk 20 Index measure, which added 1.27%.
Other speculative assets, including the irreverently named fartcoin (FARTCOIN), also found buyers, adding to the sense of momentum across the sector. The rally suggests renewed appetite among retail traders for high-risk, high-reward bets after weeks of sideways action in the broader crypto market.
The rally marks a sharp turnaround for the sector, which has been depressed for months. A series of celebrity-driven launches, including TRUMP and MELANIA coins, drew headlines in recent months but quickly collapsed under the weight of poor liquidity, questionable tokenomics, and investor fatigue.
Layer-1 blockchain MemeCore (M), which is designed to cater to the memecoin sector, ignited the fuse last week, climbing 164% over a seven day period.
The wider crypto market cap is up 0.57% to $3.84 trillion as majors bitcoin BTC$112,080.20 and ether (ETH) began to lift themselves away from a critical level of support, suggesting renewed strength for the altcoin and memecoin markets as a result.

Derivatives Positioning

By Omkar Godbole

DOGE, SUI and HYPE have seen double-digit gains in futures open interest over the last 24 hours, significantly outpacing other top cryptocurrencies.
Dogecoin OI surged to 16.88 billion DOGE, the highest since July 31, validating the 7.5% surge in the cryptocurrency’s price. The token has broken out of a descending trendline characterizing the pattern of lower highs since mid-July.
BTC’s OI in USDT and USD-denominated perpetuals on major exchanges continues to hover in the recent range of 270K-290K BTC. An increase above 290K may be a harbinger of renewed price volatility.
On the CME, BTC’s standard futures OI remains at April lows while the ETH futures OI has pulled back to 1.87 million ETH from the record high of 2.2 million ETH, indicating capital outflows.
On Deribit, XRP and SOL calls trade at a premium to puts across all tenors, indicating a bullish bias. Meanwhile, BTC and ETH options signal lingering downside concerns.

Market Movements

BTC is up 0.39% from 4 p.m. ET Friday at $112,087.64 (24hrs: +0.8%)
ETH is up 0.26% at $4,328.09 (24hrs: +0.54%)
CoinDesk 20 is up 1.25% at 4,079.43 (24hrs: +1.92%)
Ether CESR Composite Staking Rate is down 9 bps at 2.81%
BTC funding rate is at 0.0091% (9.9634% annualized) on Binance

DXY is unchanged at 97.73
Gold futures are unchanged at $3,651.60
Silver futures are up 0.66% at $41.83
Nikkei 225 closed up 1.45% at 43,643.81
Hang Seng closed up 0.85% at 25,633.91
FTSE is up 0.10% at 9,217.42
Euro Stoxx 50 is up 0.49% at 5,344.27
DJIA closed on Friday down 0.48% at 45,400.86
S&P 500 closed down 0.32% at 6,481.50
Nasdaq Composite closed unchanged at 21,700.39
S&P/TSX Composite closed up 0.47% at 29,050.63
S&P 40 Latin America closed up 1.14% at 2,801.75
U.S. 10-Year Treasury rate is unchanged at 4.086%
E-mini S&P 500 futures are up 0.19% at 6,502.25
E-mini Nasdaq-100 futures are up 0.34% at 23,764.75
E-mini Dow Jones Industrial Average Index are up 0.11% at 45,510.00

Bitcoin Stats

BTC Dominance: 58.47% (unchanged)
Ether-bitcoin ratio: 0.03853 (-0.56%)
Hashrate (seven-day moving average): 973 EH/s
Hashprice (spot): $51.88
Total fees: 3.23 BTC / $358,958
CME Futures Open Interest: 134,065 BTC
BTC priced in gold: 30.8 oz.
BTC vs gold market cap: 8.72%

Technical Analysis

DOGE’s daily chart with the Ichimoku cloud. (TradingView/CoinDesk)

DOGE’s two-day price rise has taken it past the trendline characterizing the decline from July 21’s high of 28.7 cents.
Prices now look to be crossing into bullish territory above the Ichimoku cloud, a widely tracked momentum indicator.
That would shift the focus to 25.58 cents, the Aug. 14 high.

Crypto Equities

Coinbase Global (COIN): closed on Friday at $299.07 (-2.52%), +0.81% at $301.50 in pre-market
Circle (CRCL): closed at $114.56 (-2.49%), +0.7% at $115.35
Galaxy Digital (GLXY): closed at $23.49 (+2.53%), -0.38% at $23.40
Bullish (BLSH): closed at $52.35 (+6.81%), -0.78% at $51.98
MARA Holdings (MARA): closed at $15.19 (+0.53%), +0.33% at $15.24
Riot Platforms (RIOT): closed at $13.29 (+0.99%), +0.3% at $13.33
Core Scientific (CORZ): closed at $13.62 (0%), +1.32% at $13.80
CleanSpark (CLSK): closed at $9.24 (+1.76%), +0.54% at $9.29
CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $29.45 (+0.96%)
Exodus Movement (EXOD): closed at $24.03 (-1.15%)

Crypto Treasury Companies

Strategy (MSTR): closed at $335.87 (+2.53%), -2.02% at $329.10
Semler Scientific (SMLR): closed at $28.12 (+0.11%)
SharpLink Gaming (SBET): closed at $14.94 (-3.21%), -0.37% at $14.88
Upexi (UPXI): closed at $6.04 (-4.58%), +2.65% at $6.20
Mei Pharma (MEIP): closed at $4.23 (-0.94%), -20.33% at $3.37

ETF Flows

Spot BTC ETFs

Daily net flows: -$160.1 million
Cumulative net flows: $54.47 billion
Total BTC holdings ~1.29 million

Spot ETH ETFs

Daily net flows: -$446.8 million
Cumulative net flows: $12.74 billion
Total ETH holdings ~6.42 million

Source: Farside Investors

Chart of the Day

Monthly purchases of bitcoin by BTC Treasury companies. (CryptoQuant)

The chart shows that companies have significantly slowed their purchases of BTC in recent months.
In August, Strategy and other firms cumulatively added 3,700 BTC to their stash, down from 134,000 BTC in November last year.
The slowdown in buying helps explain BTC’s stalled price rally.

While You Were Sleeping

EasyJet Founder Adds Crypto Trading to His Cut-Price Empire (Bloomberg): Stelios Haji-Ioannou will launch easyBitcoin this month with Uphold, saying President Trump’s election pushed crypto into the mainstream and promising lower-cost bitcoin and ether trading under his expanding “easy” brand.
Hyperliquid Faces Community Pushback Against Stripe-Linked USDH Proposal (CoinDesk): Hyperliquid’s plan to replace USDC with a native stablecoin has drawn bids from Stripe, Paxos, Frax and an Agora–MoonPay coalition, with validators set to choose the USDH issuer Sept. 14.
Crypto Exchange HashKey Plans $500M Digital Asset Treasury Fund (CoinDesk): The Hong Kong–based exchange is launching a $500 million fund targeting digital asset treasury projects, starting with bitcoin and ether, to build an institutional bridge between traditional financial capital and on-chain assets.
Russia Unleashes Largest Drone Assault of War, Setting Government Building Ablaze (The New York Times): 805 drones and 13 missiles reached Ukraine on Sunday, with 60 drones and nine missiles getting through. Debris from a downed drone set Kyiv’s Cabinet of Ministers building on fire.
Japanese Lawmakers Launch Leadership Bids After PM Resigns, Yen Sinks (Reuters): Japan’s ruling party will choose a new leader Oct. 4 after Shigeru Ishiba’s Sunday resignation, fueling expectations of looser fiscal policy and a delay to Bank of Japan rate hikes.
Javier Milei Suffers Stinging Setback in Buenos Aires Polls (Financial Times): A Peronist coalition beat Javier Milei’s grouping in Argentina’s largest province as voter anger over soaring living costs and a corruption scandal tied to his sister Karina eroded his support before October’s congressional midterms.

In the Ether

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September 8, 2025 0 comments