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Iran restricts internet access to ward off Israeli cyberattacks
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Iran restricts internet access to ward off Israeli cyberattacks

by admin June 18, 2025


People in Iran have been having difficulties accessing internet services, mostly foreign websites and messaging apps like WhatsApp. According to The New York Times and NBC News, it was the government’s decision to restrict internet in the country to ward off cyberattacks by Israel as the conflict between the countries escalate. Fatemeh Mohajerani, Iran’s spokesperson, said the government was forced to throttle internet speeds in the country to maintain network stability “given the enemy’s cyber attacks.” Iran reportedly plans to reduce its internet bandwidth by 80 percent.

Kentinc and Netblocks, companies which track global internet connectivity, told NBC News that Iran’s connection plummeted at around 5:30PM Eastern time on June 17. Iranians have been having issues accessing online services for days, however, with their mobile data networks being completely down in parts of the country and the VPNs they were using to access foreign websites being blocked intermittently. In addition to blocking WhatsApp, the Iranian government urged citizens to delete it from their smartphones, accusing it of collecting information to send to Israel. WhatsApp told AP that it was “concerned these false reports will be an excuse for [its] services to be blocked at a time when people need them the most.”

While Iran’s spokesperson said that the government is blocking and slowing down the country’s internet connection as a way to prevent Israeli cyberattacks, it’s also making it harder for people to get warnings about incoming attacks and to contact loved ones in cases of emergency. And since maps like Google’s also aren’t working, people trying to evacuate are also reportedly getting lost. Iran is urging its citizens to use its national internet services or N.I.N., which remain available and allow messaging using government platforms, but people don’t think they’re secure.

It’s worth noting that Iran also seems to have launched its own cyber attacks on Israel. As The Verge notes, cybersecurity firm Radware reported a surge in cyberattacks on Israel since its strike on Iran. The firm believes they were carried out by Iranian state actors and pro-Iran hacker groups. Iran had been linked to several cyberattacks in the past, including an instance wherein hackers associated with the country stole US voter information and sent intimidating emails to Democrat voters.



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June 18, 2025 0 comments
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Bitcoin, Altcoins Plunge as Trump’s Threat to Assassinate Iran Leader Escalates Middle East Tensions

by admin June 17, 2025



Bitcoin was down by nearly 4% over the past 24 hours as President Donald Trump suggested in a social media post that the U.S. might assassinate Iran’s supreme leader, escalating already inflamed tensions in the Middle East.

The largest cryptocurrency by market capitalization was recently trading at about $103,630, its lowest level in five days, according to market data provider CoinGecko, though it has ticked back up above $104,000 as of this writing. BTC started edging down last Thursday as Iran and Israel began exchanging missile attacks.

Ethereum was recently changing hands at about $2,470, down nearly 6.5% over the past 24 hours. Smart contract platforms Solana and Cardano were both off about 7%, while the leading meme coin Dogecoin had dropped 6.7%.

Editor’s note: This story will be updated with additional details.

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Polymarket Odds on U.S. Military Action Against Iran Slide as Trump Team Proposes Tehran Talks

by admin June 17, 2025



Traders on decentralized betting platform Polymarket have scaled back expectations for U.S. military action against Iran amid reports that President Donald Trump’s team is looking to mend fences.

As of writing, probability that U.S. will strike Iran by June 30 stood at 46%, down sharply from the overnight high of 66.9%, according to trading in the Polymarket-listed contract “U.S. military action against Iran before July.”

The decline follows a report from Axios that the U.S. is mulling a meeting this week between U.S. envoy Steve Witkoff and Iranian Foreign Minister Abbas Araghchi. The meeting will be aimed at exploring a diplomatic initiative involving a nuclear deal and an end of the Israel-Iran conflict.

Yet one Polymarket user said that “Trump should join the fray: his troops need the experience in postpostmodern warfare,” calling for a military action against Iran.

On Friday, Israel launched coordinated airstrikes and drone attacks on multiple sites across on Iranian military and nuclear facilities, leading to retaliatory action by Tehran.

Bitcoin initially fell in a knee-jerk reaction to $102,750 alongside risk aversion in traditional markets, characterized by an uptick in the anti-risk Japanese yen and weakness in the U.S. stocks.

BTC, however, has stabilized since then, with prices recovering to trade at $106,700 at press time. However, futures tied to the S&P 500 traded 0.7% lower.

Note that the Trump administration is yet to official comment on the Axios report. In a late Monday post on Truth Social, Trump reiterated that Iran cannot have a nuclear weapon, calling for immediate evacuation of Tehran.



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June 17, 2025 0 comments
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Polymarket Odds on US Strike Against Iran Spike, Then Fall

by admin June 17, 2025



In brief

  • Polymarket odds for a U.S. strike on Iran peaked at 67% amid rising tensions in the Middle East.
  • The surge followed Israeli airstrikes and increased U.S. military presence, but has since fallen to 50%.
  • The shift reflects growing uncertainty among speculators over the likelihood of conflict.

As tensions between Israel and Iran escalate, gamblers on Polymarket are betting heavily that the U.S. will carry out military action against Iran before the end of June.

On Monday, the odds that the U.S. will strike Iran before July reached 67%.

The surge in betting comes amid heightened tensions in the Middle East.

On Thursday, after Israel launched airstrikes and drone attacks against Iran, Bitcoin dropped 4% to $103,556 from a 24-hour high of $108,500.

Although no official confirmation or public military directive from the Trump administration has been issued, the Polymarket odds for U.S. action against Iran rose 32% from 35% on March 31, when the market opened, to 67% by June 16.

“Trump said that Iran cannot have a nuclear weapon. Iran has one nuclear facility only U.S. bombers can reach,” one yes voter wrote. “The U.S. has sent fighter jets and ships to the Middle East. And people on here are betting for an attack not to happen? Seriously, this has to be the most irrational group of market participants on the planet.”

While prediction markets do not guarantee outcomes, they are often viewed as a real-time aggregation of public sentiment and informed speculation. In this case, traders respond to geopolitical developments, military positioning, or shifts in diplomatic rhetoric.



“The promise of prediction markets is to harness the wisdom of the crowd to create accurate, unbiased forecasts for the most important events to society,” Polymarket said in a statement on the poll.

“That ability is particularly invaluable in gut-wrenching times like today. After discussing with those directly affected by the attacks, who had dozens of questions, we realized that prediction markets could give them the answers they needed in ways TV news and Twitter could not,” it added.

Polymarket’s “yes” probability has dropped from its 67% peak to 50%—a roughly 17-point decline from its high.

“Be kind and ask a yes holder how their day was,” a no voter wrote.

Whether the yes gamblers are proven to be right remains to be seen. But for now, Polymarket is signaling a clear message: many bettors believe time is running out to avoid a confrontation.

Edited by Sebastian Sinclair

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Bitcoin trading data. Image: TradingView
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Nobody Predicted Israel Would Strike Iran, But Bitcoin Is Still Not in Panic Mode: Analysis

by admin June 14, 2025



In brief

  • Israel launched a military operation against Iran, spooking markets. Are Bitcoin investors panicking?
  • Data shows Bitcoin still remains in bullish territory, unlike traditional markets.
  • Ethereum and other altcoins, though, aren’t faring as well.

The Middle East is again at war, with rising tensions between Israel and Iran spooking markets and sending prices for both traditional and crypto assets, such as Bitcoin and Ethereum, tumbling to weekly lows. Is it time to panic for Bitcoin investors? The data currently doesn’t support that view.

Bitcoin dropped 4.5% in the past 24 hours to trade at $104,343, while Ethereum crashed 8.2% to $2,552 as escalating Middle East tensions sparked a massive risk-off move across cryptocurrency markets. The selloff, which began during Asia trading hours on June 13, wiped out over $420 billion from the total crypto market cap and triggered $1.2 billion in leveraged liquidations.

Following news that Israel had launched a major military operation against Iran, digital assets indeed tumbled sharply. The pre-dawn airstrikes targeting Iranian nuclear and military facilities sent shockwaves through global financial markets, with cryptocurrencies bearing the brunt of the selling pressure as investors fled to traditional safe havens.

The odds of such dramatic escalation seemed remote just days ago. The probability of Israel attacking Iran was trading at less than 20% throughout the week on the prediction market Polymarket, dipping as low as 11% at various points. And this is something markets don’t like—not war, but uncertainty. Currently, on Myriad Markets—a prediction market developed by Decrypt’s parent company Dastan—the odds of a US-Iran nuclear deal before the end of the week has dropped to just 4.7%.



Meanwhile, the S&P 500 dropped 0.66% and the Dow Jones Industrial Average fell 1.17% as investors fled to traditional safe havens. Gold surged 1.8% to $3,445 per ounce, approaching its record high of $3,500.05, while Brent crude oil prices jumped as much as 9.21% during Asia hours before settling around 7% higher at $72.6 per barrel.

Bitcoin trading data. Image: TradingView

The sharp moves in commodities reflected genuine supply concerns. Iran, as OPEC’s third-largest producer, controls critical oil infrastructure, and any prolonged conflict could severely disrupt global energy markets. Defense stocks predictably surged. Just for context, Lockheed Martin and Palantir jumped about 3% as investors positioned for potential military escalation

The crypto Fear & Greed Index, which measures investors’ appetite for these risk assets, retreated from 65 to 54, moving from “greed” to “neutral”—an arguably healthy reset rather than the extreme fear readings typically associated with major market bottoms. This measured shift in sentiment, combined with continued ETF inflows of $86.31 million into Bitcoin despite the price decline, suggests institutional conviction remains intact.

Bitcoin shows measured response despite $1.2 billion in liquidations

Bitcoin trading data. Image: TradingView

Against this backdrop of panic in traditional markets, Bitcoin’s 2.4% decline to $104,343 appears remarkably contained. Yes, the leading cryptocurrency triggered $1.2 billion in leveraged liquidations as it broke below the psychologically important $106,000 level. But considering the magnitude of the geopolitical shock, the selloff lacks the hallmarks of genuine panic.

The technical picture supports this thesis. Bitcoin’s Relative Strength Index, or RSI, on the daily chart sits at 47—down from overbought levels near 80 last week but still firmly in neutral territory. This suggests profit-taking rather than capitulation. The Average Directional Index (ADX), which measures the strength of a trend regardless of direction, is now at 17, which indicates weak directional momentum. That means the current move lacks the conviction typically seen during crisis-driven crashes, which tracks with the coin’s recent lateralization.

Bitcoin’s Exponential Moving Average, or EMA, is even more telling. EMA measures the average price of an asset, in this case Bitcoin, over a given period of time. Bitcoin’s 50-day EMA at $102,513 provided initial resistance on the bounce attempt, suggesting technical levels still matter—a sign that algorithmic trading rather than emotional panic is driving price action. The 200-day EMA sits much lower at $92,687, showing the longer-term uptrend remains intact.

For Bitcoin, the immediate test lies at reclaiming the $105,757 level (50/200-day EMA confluence). Failure to break back above this level would target: $100,000 as psychological support, and $95,000 as visible support, based on the charts.

Upside resistance stands at $110,000, with the recent all-time high near $111,891 remaining the key level for bulls to reconquer.



Ethereum and altcoins bear the brunt

Ethereum trading data. Image: TradingView

Ethereum’s steeper 7% drop to a daily low of $2,439 before bouncing to its current $2,552.30 reflects the typical risk-off rotation from altcoins to Bitcoin during market stress. Despite recording 19 consecutive days of ETF inflows, ETH couldn’t maintain support above $2,700 as traders de-risked portfolios.

The second-largest cryptocurrency’s technical indicators paint a more bearish picture than Bitcoin’s. With RSI at 50.6 and the ADX at 22 showing that the bullish bounce is now very, very weak, and the longer bearish trend is still in play, Ethereum shows stronger directional movement to the downside. The price is currently hovering near the 200-day EMA ($2,473), having broken below it during the selloff. The 50-day EMA sits at $2,417, and a break below would signal a more significant trend change.

Ethereum bulls, then, must defend the current $2,552 level to avoid a deeper correction. The key levels to watch are the resistances at $2,738 and an immediate support hear the psychological levels of $2,417.

Meme coins suffered disproportionate losses, with Fartcoin—this week’s epitome of meme coin bullishness for absolutely no meaningful reason—plummeting 12% to $1.1968. The token’s breakdown from its ascending wedge pattern, combined with strong selling pressure, exemplifies how speculative positions unwind rapidly during times of uncertainty. The RSI at 50 shows neutral momentum after falling from overbought conditions, while the ADX at 22 confirms the switch from bullish to neutral move.

Fartcoin trading data. Image: TradingView

And even with all that said, the chart still paints an overall bullish picture for Fartcoin, and meme coins tend to do weird things. As a general rule, though, you can expect meme coins and other altcoins to mirror Bitcoin’s moves, but with a lot more volatility.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Crypto Plunges, Israel strikes Iran, Gold & Oil Soar
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Crypto Plunges, Israel strikes Iran, Gold & Oil Soar

by admin June 14, 2025




Crypto Plunges, Israel strikes Iran, Gold & Oil Soar
FOMO HOUR EP378

Crypto plunges as Israel strikes Iran. $1.1bn liquidations, Wynn liquidated again. GameStop upsizes debt raise to $2.25bn, to buy BTC. 21 companies launched BTC reserve in last 30 days. Sharplink falls 70% after equity re-sale announced. Sharplink acquires $463m ETH. DFDV announces $5bn equity line to buy SOL. Tony G launches HYPE treasury with $400k HYPE. DOT community proposes BTC treasury. Phantom allows USDC payments to Shopify. Walmart & Amazon consider issuing stablecoins. USDC natively launched on XRP ledger . Trident Digital to raise $500m to buy XRP. DTCC exploring stablecoin usage. Coinbase collabs with AmEx on BTC cashback card. Coinbase to allow DEX & perp trading in US. SEC delays decision on several altcoin ETFs. Tether acquires 32% in Elemental Altus for $92m. Tokenised gold goes live on Hyperliquid.

FOMO HOUR brings you the biggest daily news, updates and events from inside and outside of the crypto and macro spheres! Join hosts Farokh, Mando and Tyler as they cover some of the biggest topics at present with some of the biggest names in the ecosystem. Streaming live 5 days per week, Monday to Friday 10:00 AM EST to 11:00 AM EST on YouTube and X.

JOIN YEET = https://yeet.com/register?aff=fomohour
PLAYLIST = https://www.youtube.com/playlist?list=PLGSgoImPFTiVpkHhLXF78cE_Z3uG7VNGL
PODCAST = https://x.com/i/spaces/1kvKpydgqMQGE
LIVE SPACE = https://x.com/i/spaces/1OwGWXOYWkmJQ

Links:
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Tweets by fomohour
https://www.rug.fm/
https://x.com/rugradio

Hosts:
Tweets by farokh
Tweets by rektmando
Tweets by Tyler_Did_It

Myriad:
https://myriad.markets
https://x.com/MyriadMarkets

#bitcoin #crypto #podcast



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Bitcoin Will Fall This Weekend If Iran Closes Strait Of Hormuz
Crypto Trends

Bitcoin Will Fall This Weekend If Iran Closes Strait Of Hormuz

by admin June 13, 2025



The price of Bitcoin (BTC) remains resilient, despite the recent Israeli airstrike on Iran, but could see a sharp correction in the short-term if Iran closes the Strait of Hormuz — a critical route for oil shipments — impacting all risk-on assets, according to Coin Bureau founder and market analyst Nic Puckrin.

Bitcoin’s short-term price action “depends on how things develop today and over the weekend,” in the Israel-Iran conflict, the analyst wrote on Friday, adding:

“The biggest risk is if Iran were to close the Strait of Hormuz, which ferries nearly 20% of the world’s oil supply. If it does, oil will see a massive spike, and risk assets will fall off a cliff. And, if this happens over the weekend, the market that trades 24/7 — crypto — will once again take the hit.”

However, Puckrin stressed that Bitcoin’s long-term price outlook is less influenced by geopolitics and more tied to the declining value of the US dollar, which just hit its lowest level in three years — suggesting long-term upside for the supply-capped asset.

The Strait of Hormuz is a narrow waterway through which 20% of the global oil supply passes through. Source: Free World Maps

Bitcoin continues to be closely monitored by retail and institutional investors as an emerging macro asset. Traders and analysts have mixed market theories on BTC, as it straddles the line between risk-on and a store of value asset while maturing as an asset class.

Related: Bitcoin mirrors 80% rally setup that preceded 2024 Israel-Iran conflict

Long-term Bitcoin hodlers continue accumulating despite macro and geopolitical uncertainty

Long-term Bitcoin holders continue to accumulate BTC despite ongoing macroeconomic uncertainty and the uptick in geopolitical tensions, according to CryptoQuant analyst Burak Kesmeci.

Bitcoin holdings among long-term accumulation addresses continue to rise in a long-term uptrend. Source: CryptoQuant

The analyst said that accumulation addresses, defined as wallets that have never sold a single Satoshi and have been active during the last seven years, recorded an inflow of 30,784 BTC, valued at roughly $3.3 billion on June 11 — the highest daily inflow for 2025.

“After this spike, the total BTC held by accumulation addresses hit 2.91 million BTC. Their average entry price now sits around $64,000,” Kesmeci wrote.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Magazine: Baby boomers worth $79T are finally getting on board with Bitcoin



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TON Down 8% After Israel Strikes Iran

by admin June 13, 2025



Telegram’s token

dipped 8% in 24 hours, dropping from $3.20 to a low of $2.93 with significant selling pressure, according to CoinDesk research’s technical analysis model. TON was hit harder than other cryptocurrencies in the CoinDesk 20: the index (which includes the top 20 coins by market capitalization except for stablecoins, memecoins and stablecoins) is down 6.2% in the same period of time.

The selloff occurred after Israel struck Iranian facilities and military leadership late on Thursday night.

Technical Analysis

• TON experienced a significant 8.4% correction, dropping from $3.20 to a low of $2.93 over a 24-hour period.

• Above-average volume of 3.36 million established a strong resistance at the $3.09 level.

• A notable volume spike of 7.74 million created a high-volume support zone around $2.94.

• Price subsequently consolidated between $2.95-$2.99, with recent price action showing signs of stabilization.

• In the last hour, TON showed recovery, climbing from $2.95 to $2.96, representing a 0.3% gain.

• Strong buying interest emerged with 284,843 units traded, establishing support at $2.96.

• Minor pullbacks quickly found support, suggesting resilient buyer interest.

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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Dow Jones, Nasdaq, S&P 500 down, retailers are split on tariff impact
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Crypto market slides as Israel strikes Iran, tensions rise

by admin June 13, 2025



The cryptocurrency market plunged on Friday, June 13, as rising geopolitical tensions in the Middle East rattled investors. 

Following news that Israel had launched a major military operation against Iran, digital assets tumbled sharply. The total crypto market capitalization dropped 7% over the past 24 hours to $3.3 trillion.

Bitcoin (BTC) declined around 5%, trading at $103,464 as of press time. Ethereum (ETH) fell 10% to $2,471, while Solana (SOL) dropped 11% to $141. XRP (XRP) and BNB (BNB) also lost ground, down 6% and 4% respectively.

Data from CoinGlass shows that crypto liquidations surged 125% in a single day, reaching $1.2 billion. Open interest across crypto futures markets fell 9.7% to $142 billion, while the relative strength index sank to 28, indicating the market had entered oversold territory.

Despite the selloff, the Crypto Fear & Greed Index, compiled by software firm Alternative, remained in the “Greed” zone at 61, though down 10 points from the previous day. The drop in sentiment reflects investor uncertainty, as traders assess the risk of broader conflict.

The market turmoil followed an early morning attack by Israel on Iran. According to a Reuters report, Israeli forces hit multiple high-value targets, including uranium enrichment facilities in Natanz, ballistic missile production sites, and the headquarters of Iran’s elite Revolutionary Guard Corps in Tehran. Iranian state media reported the death of General Hossein Salami and civilian casualties, including children.

Israeli prime minister Benjamin Netanyahu said the strikes marked the beginning of “Operation Rising Lion,” a campaign aimed at neutralizing Iran’s nuclear threat. Israel has declared a state of emergency, closed its main airport, and raised air defenses in anticipation of retaliatory attacks.

Iran has promised a “harsh response.” U.S. secretary of state Marco Rubio confirmed the United States was not involved in the strike, emphasizing that American priorities lie in protecting its forces in the region.

Apart from cryptocurrencies, traditional financial markets bore the brunt as well. U.S. stock futures dropped 1.5% across major indexes, and European markets opened lower by a similar margin. Meanwhile, safe-haven assets surged slightly.

Gold rose 0.75% to $3,428 per ounce, and the 10-year Treasury yield dipped to 4.32%. Crude oil, often seen as a geopolitical risk proxy, surged about 10% to $74 per barrel, according to data from Market Watch.

With tensions climbing and the potential for regional war rising, both crypto and global markets could see continued volatility. Risk appetite may weaken further, pushing capital into safer, more liquid assets until the situation stabilizes.



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Bitcoin Dips as Israel Launches Airstrikes on Iran

by admin June 13, 2025



In brief

  • Bitcoin dropped more than 4% to $103,556 following Israeli airstrikes near Tehran and Tabriz.
  • The strikes mark a major escalation in Middle East tensions, prompting safe-haven flows into gold.
  • U.S. officials said they were monitoring the situation; oil and equity futures also slipped.

Bitcoin fell more than 4% late Thursday after Israel launched airstrikes against targets in Iran, escalating tensions in the Middle East and prompting a broad selloff across risk assets.

The world’s largest cryptocurrency dropped to $103,556, down from a 24-hour high of $108,500, according to CoinGecko data.

Israel confirmed the strikes targeted Iranian military infrastructure near Tehran and Tabriz, in what it described as a “preemptive response” to growing threats.

In a press briefing on Thursday, Israeli Prime Minister Benjamin Netanyahu labeled Iran’s nuclear ambitions a “clear and present danger,” saying the preemptive response would “continue for as many days as it takes to remove this threat.”

MUST WATCH 🔴🔴

Israeli Prime Minister Netanyahu issues a statement on Israel’s strike against Iran and its nuclear program: pic.twitter.com/gd4A8DYKHX

— Open Source Intel (@Osint613) June 13, 2025

Iran has not yet issued a formal response, but state media reported explosions and disruptions to air traffic in affected areas.

The move comes days after a high-level meeting between Israeli defense officials and U.S. counterparts. Washington has not commented on the attack but said it was monitoring the situation closely.

“The latest Israel–Iran escalation is rattling risk assets and the Oil market, but we’ve seen this movie before,” Ryan McMillin, chief investment officer at crypto fund manager Merkle Tree Capital, told Decrypt.

“Previous flashpoints—including the April 2024 strikes—triggered weekend sell-offs across crypto, only to reverse sharply once the situation de-escalated. Those moments turned out to be great buying opportunities,” he added.

Gold rose 1.7% to $2,414 an ounce, while U.S. futures pointed lower as investors weighed the risk of broader regional conflict.

This is a developing story and will be updated accordingly.

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