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MetaMask Unveils $30M LINEA Token Onchain Rewards Program

by admin October 5, 2025

MetaMask, a self custody cryptocurrency wallet, announced the upcoming launch of its MetaMask Rewards program, setting the stage to distribute over $30 million in LINEA token incentives during its inaugural season.

The announcement, made through a post on X, as MetaMask continues to expand its offerings beyond basic transaction capabilities, having integrated features such as token swaps, staking, and portfolio management.

gm foxes 🦊

Yes, a rewards program is on the way. 👀

Any of the details you’ve previously seen/heard are not indicative of what is to actually launch. Let’s talk a little bit about what the actual MetaMask Rewards program WILL be.

This program will yield referral rewards, mUSD…

— MetaMask.eth 🦊 (@MetaMask) October 4, 2025

The company stated the program is designed to be a “genuine method of regularly giving back to [our] community” and is expected to roll out fully within the next few weeks. The wallet provider has also made it easier for users to claim eligible tokens directly through its MetaMask Portfolio interface

Reward Program Details and Scope

The rewards program, which the company emphasizes is “not a farming play,” is being positioned as one of the largest onchain rewards initiatives built. While specific eligibility criteria were not detailed, the rewards will include referral rewards, mUSD incentives, exclusive partner rewards, and access to tokens.

Additionally, MetaMask also talked about its long-time users, saying, “Long-time MetaMask users will not be ignored, they’ll be given special benefits.” The company also connected the new initiative to future plans, stating that MetaMask Rewards will have “meaningful connections with the future MetaMask token,” adding to the existing speculation around a native token launch for the wallet.

The focus on the LINEA token for the massive $30 million Season 1 distribution shows collaboration between MetaMask and Linea, the Ethereum Layer 2 scaling solution developed by ConsenSys, the parent company of MetaMask.

The full program details are expected to be shared in the coming weeks.

Also Read: MetaMask Previews In-App Trading With Hyperliquid Integration

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October 5, 2025 0 comments

Esports

GLAAD launches new program to mentor early-career LGBTQ+ developers

by admin October 3, 2025

GLAAD, a nonprofit organization focused on celebrating positive LGBTQ+ representation in media, including games, is launching a new Queer Emerging Developers (QED) Program for early-career developers from the LGBTQ+ community.

Sponsored by Logitech, the new program aims to work with developers who are “passionate about cultivating an industry that uplifts queer voices and champions video games with bold, boundary-pushing stories.”

GLAAD said the new initiative will help amplify its message that “authentic representation in media can create positive cultural change for LGBTQ people.”

“Yet even with the growing awareness of the importance of inclusive storytelling, more opportunities exist to support the creators who make these games possible,” GLAAD added.

Applications for the inaugural cohort are open now and will remain open until November 10 and are open to applicants from all over the world providing they’re emerging game developers in early to mid-career, will commit to participating in virtual program activities, and be able to travel to San Francisco for the 2026 Game Developers Conference next March.

QED mentorship activities are expected to take place over approximately four months in the first half of 2026. For more, or to apply, head on over to the official website.

Nintendo, BioWare, and Deck Nine all received nominations at this year’s GLAAD awards in June.

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October 3, 2025 0 comments

GameFi Guides

XRP Jumps 5% as SBI Lending Program and ETF Countdown Fuel Rally

by admin October 2, 2025

XRP surged to fresh highs after Japan’s SBI unveiled an institutional lending initiative, igniting volumes above 160M and lifting price through key resistance. Buyers defended $2.93 multiple times as flows consolidated, with the October 18 ETF decision window now framing the next breakout test toward $3.00.

News Background

XRP climbed 5.2% over the 24-hour window from Oct. 1, 03:00 to Oct. 2, 02:00, advancing from $2.84 to $2.97. The move followed SBI’s launch of an XRP lending program for institutional payments, highlighting Japan’s push into large-scale adoption. The rally also comes as Ripple CTO David Schwartz transitions to an emeritus role and with seven spot ETF filings pending SEC decisions starting Oct. 18.

Price Action Summary

The token traded a $0.16 band (5.6% volatility) between $2.82 and $2.98. The breakout accelerated at 08:00 Oct. 1, as XRP ripped from $2.86 to $2.92 on 164.5M tokens — more than double the daily average. Subsequent consolidation held $2.93 support through multiple retests, while resistance firmed at $2.96–$2.98. In the final hour, XRP extended 0.28% from $2.96 to $2.97, hitting $2.98 before sellers capped the advance.

Technical Analysis

Support has shifted higher to $2.93 after repeated defenses, while resistance remains entrenched at $2.96–$2.98. The breakout was validated by volume spikes — including a 4.8M burst during the late-session rally — signaling institutional demand underpinning the move. The hour chart showed a textbook ascending structure, with higher lows at $2.96–$2.97 leading into the session peak. Bulls need a decisive close above $2.98 to confirm momentum toward the $3.00 psychological barrier.

What Traders Are Watching?

Whether XRP can sustain closes above $2.96–$2.98 to set up a $3.00 breakout.
Impact of SBI’s lending program on Asian liquidity flows and whether buying persists into U.S. hours.
Positioning shifts ahead of the Oct. 18 SEC deadline for seven spot ETF applications.
Broader CD20 index confirmation, as peer tokens also rallied 4–5% with elevated volume.

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October 2, 2025 0 comments

Esports

Tune in to the Tokyo Game Show 2025 Capcom Online Special Program tomorrow

by admin September 23, 2025

Tomorrow, Capcom will showcase several games at TGS starting at 7AM PDT/10AM EDT. You can view the livestream on TGS’ YouTube Channel, or Capcom’s official Twitch and YouTube channels. The showcase will include 50-minutes of updates for Onimusha: Way of the Sword, PRAGMATA, Monster Hunter Stories 3: Twisted Reflection, Street Fighter 6, Monster Hunter Wilds, and more.

For more on all things Capcom, stay tuned to GamingTrend.

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September 23, 2025 0 comments

NFT Gaming

Ronin Treasury Announced RON Buyback Program

by admin September 22, 2025

The Ronin Treasury is looking to buy back over $4 million worth of RON tokens from the open market in a bid to reduce the circulating supply of the token, which could push up prices.

The gaming-focused blockchain Ronin Network announced on Sunday that it will begin swapping all of its Ether (ETH) and USDC (USDC) holdings for RON over the course of a month, starting on Sept. 29.

The buybacks will increase the amount of Ronin (RON) in the treasury and decrease the amount of Ronin tokens in circulation. There are currently 693 million out of a total 1 billion tokens circulating, giving Ronin a market capitalization of $355.7 million.

The buyback scheme will “further align our ecosystem, tokenholders, and builders as Ronin evolves into a full-fledged layer-2,” the team said, adding that it will also enable more growth “as the rest of the world comes back to Web3 gaming.”

The Ronin Treasury is currently worth around $5.5 million, with its largest holding 896 Ronin Wrapped Ether (WETH) valued at around $3.9 million.

Less ETH, more RON

In addition to the Ether, the treasury also contains 652,000 USDC (which will also be sold), 1.2 million RON and wrapped RON and several memecoins.

The funds were accumulated through fees from the Katana DEX, Ronin Market and Ronin Name Service over several years, it stated.

The buyback represents approximately 1.3% of RON’s current circulating supply, and the treasury has no plans to sell any.

Ronin Treasury buyback plans. Source: Ronin Network

Ronin returns to Ethereum

Ronin announced its comeback in August, stating that it is returning as a layer-2 network on Ethereum.

Related: Axie Infinity creator Ronin network coming back to Ethereum as L2

The chain was originally spun off from the Ethereum mainnet in 2021 as it sought better network speeds and cheaper transaction fees for its non-fungible token (NFT) Web3 game, Axie Infinity.

The team has now noted the rise of Ethereum and wants to be part of that growth. “Ronin’s Homecoming to Ethereum is approaching. Wall Street is jumping into our industry,” it stated.

The network has declined since its Ronin Bridge sidechain was hacked for $600 million in March 2022, the industry’s largest crypto hack at the time.

Total value locked fell from around $1.2 billion in early 2022 to current levels of around $56 million, according to DeFillama.

RON price reacts

RON prices reacted sharply to the announcement with an 11% spike to reach $0.54 on Sunday; however, it had fallen back to $0.51 at the time of writing.

RON is currently down more than 88% from its March 2024 all-time high of $4.45 and has traded flat for the past six months.

RON has traded flat since April. Source: TradingView

Magazine: Pudgy Penguins’ ‘masterpiece’ Pudgy Party tops 500K downloads: Web3 Gamer

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September 22, 2025 0 comments

NFT Gaming

Forward Industries doubles down on Solana with $4B share program

by admin September 17, 2025

Forward Industries intends to expand its $1.58 billion in Solana holdings with up to $4 billion in new purchases.Forward Industries intends to expand its $1.58 billion in Solana holdings with up to $4 billion in new purchases.

Summary

Forward Industries filed for an option to sell $4 billion of its stock to acquire Solana
So far, the company has bought about $1.58 billion worth of SOL, financed by private investments
The program, if realized fully, could make Forward one of the largest SOL holders out there

Publicly traded firms are increasingly going beyond Bitcoin in their treasury strategies. On Wednesday, September 17, Nasdaq-listed company Forward Industries filed for an automatic shelf registration with the Securities and Exchange Commission. The filing allows the firm to sell up to $4 billion worth of its stock to acquire SOL.

“Having recently completed the largest Solana-focused digital asset treasury raise to date and initial purchases of more than 6.8 million SOL, the ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” said Kyle Samani, Chairman of the Board of Directors of Forward Industries.

It is important to note that the program does not bind the firm to sell that many shares. Moreover, the company’s market cap is currently just $3.16 billion, almost a billion short of its goal. For that reason, it is unlikely that the firm will sell that many shares to buy SOL. Still, if the share price rises substantially after the announcement, the company could approach that goal.

Forward Industries already holds $1.58M in SOL

Earlier, Forward Industries completed a $1.65 billion private investment, led by crypto investment giants such as Galaxy Digital, Jump Crypto, and Multicoin Capital. Using those funds, the firm acquired 6.82 million SOL tokens at an average cost of $232 each, totaling about $1.58 billion.

Despite the latest announcement, shares of Forward Industries fell 4.12% in early morning trading.

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September 17, 2025 0 comments

GameFi Guides

Gemini, SEC reach tentative settlement in Earn program row

by admin September 16, 2025

Gemini has struck a tentative deal with the U.S. Securities and Exchange Commission, potentially ending a high-profile lawsuit over its Earn lending program.

Summary

Gemini and SEC reach tentative settlement over Earn lending program.
Settlement follows Genesis’ bankruptcy, which froze $900M in customer assets.
Announcement comes days after Gemini’s $425M IPO and strong market debut.

According to a recent court filing in Manhattan federal court, lawyers for both the SEC and Gemini, now operating as Gemini Space Station, said they had reached a settlement “in principle” to resolve the lawsuit tied to Gemini Earn fully.

The filing asked U.S. District Judge Edgardo Ramos to pause deadlines until Dec. 15 while the parties finalize paperwork. Neither Gemini nor the SEC provided immediate comment. The development was disclosed in a Sept. 16 report by Reuters.

Gemini Earn dispute and fallout from Genesis

Gemini Earn allowed customers to lend Bitcoin (BTC) and other cryptocurrencies to Genesis Global Capital in exchange for interest, with Gemini collecting fees of up to 4.29%. At its peak, the program attracted hundreds of thousands of users.

Trouble began in Nov. 2022, when Genesis froze withdrawals after FTX’s collapse. By January 2023, Genesis filed for bankruptcy, leaving $900 million in customer assets stranded from roughly 340,000 Gemini Earn users.

The SEC sued Gemini and Genesis that same month, claiming they sidestepped disclosure rules designed to protect investors. While Genesis later paid a $21 million penalty to settle without admitting wrongdoing, Gemini continued to contest the allegations.

The tentative agreement now signals an end to that standoff, although final terms remain subject to SEC approval.

IPO timing and shifting regulatory climate

The news comes just days after Gemini completed its initial public offering, raising $425 million at a valuation of $3.3 billion. Shares have since climbed to $32.52, 16% above their $28 debut price. The timing underscores how

Gemini is attempting to turn the page on its Earn controversy while positioning itself as a publicly traded exchange in a climate of lighter regulatory touch.

Since Donald Trump took office in Jan. 2025, the SEC has eased its oversight of the crypto sector, reflecting a broader policy shift that has benefited firms like Gemini. For co-founders Tyler and Cameron Winklevoss, each now worth an estimated $4.6 billion, the settlement could help clear a major overhang just as the exchange embarks on its next phase of growth.

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September 16, 2025 0 comments

GameFi Guides

US Authorities Seize $600K USDT From Iranian Drone Program Operator

by admin September 13, 2025

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

The Attorney’s Office of the District of Massachusetts has announced the confiscation of nearly $600,000 in USDT from Iranian national Mohammad Abedini. Concurrently, US authorities are also seeking the civil forfeiture of the seized crypto assets.

Abedini Faces US Case Over Alleged Iran Drone Role

In a statement released by the US Department of Justice (DOJ) on Thursday, Abedini is named the founder and managing director of SDRA, an Iranian firm accused of supplying critical technology to the Islamic Revolutionary Guard Corps (IRGC).

In particular, SDRA specializes in the production of navigation modules, including its flagship product, the Sepehr Navigation System, which has been widely integrated into the IRGC’s fleet of military drones, cruise missiles, and ballistic missiles.

According to prosecutors, Abedini’s company has worked closely with the IRGC Aerospace Force, which is regarded as a foreign terrorist organization (FTO), since at least 2014. Between 2021 and 2022, roughly 99% of SDRA’s sales of the Sepehr Navigation System, designed for one-way attack drones, were made directly to the IRGC Aerospace Force.

In January 2024, forensic analysis of a drone strike that killed three US service members and injured more than 40 others at Tower 22, a military installation in northern Jordan, identified the vector as an Iranian-made Shahed UAV, equipped with the Sepehr Navigation System manufactured by SDRA.

Abedini was arrested by Italian authorities in December 2024 and was charged in federal court in Boston for providing digital and material support to a foreign terrorist organization. However, the Iranian national was soon released by the Italian government and is now believed to be in Iran.

The DOJ Case For USDT Forfeiture

US authorities have also seized $584,741 USDT from an un-hosted wallet address believed to belong to Abedini. Presently, the United States Attorney’s Office for the District of Massachusetts has filed for a civil forfeiture action, which would allow the DOJ to take control of these crypto assets without needing to convict Abedini.

US authorities have explained its rationale behind this case, stating:

US law authorizes the forfeiture of all assets of individuals or entities engaged in planning or perpetrating a federal crime of terrorism against the United States, citizens or residents of the United States, or their property and all assets, foreign or domestic, affording any person a source of influence over any such entity.

Interestingly, all claims by the DOJ in the civil forfeiture and also criminal complaints remain merely allegations, designating Abedini as an innocent man until proven otherwise.

Total crypto market cap valued at $4.02 trillion on the daily chart | Source: TOTAL chart on Tradingview.com

Featured image from Reuters, chart from Tradingview

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

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September 13, 2025 0 comments

NFT Gaming

Arbitrum DRIP program launches to reward productive DeFi activity with ARB tokens

by admin September 4, 2025

Arbitrum has launched the DRIP program to incentivize productive DeFi activity by rewarding users with ARB tokens for leveraging lending and looping strategies across its ecosystem.

Summary

Arbitrum DRIP Season One incentivizes leverage looping strategies in lending markets, rewarding users with ARB tokens for borrowing and redepositing assets.
Eligible assets for collateral include major stablecoins (e.g., USDC, syrupUSDC) and ETH derivatives such as weETH and rsETH.
Participating protocols include Aave, Morpho, Fluid, Euler, Dolomite, and Silo, with rewards distributed across two-week epochs.

How Arbitrum DRIP program works

Arbitrum (ARB) has launched the DeFi Renaissance Incentive Program (DRIP), a $40 million initiative designed to encourage productive DeFi activity on its network. Managed by Entropy Advisors and powered by Merkl, Arbitrum DRIP program is structured across four seasons.

Season One, running from Sept. 3 to Jan. 20 focuses on leverage looping strategies in DeFi lending markets, where users can earn ARB tokens by borrowing against eligible ETH and stablecoin assets, redepositing them, and repeating the process to increase their exposure.

For example, a user could deposit syrupUSDC into a participating lending protocol, borrow USDC against it, then swap that borrowed USDC back into more syrupUSDC and redeposit it. By repeating this loop over the two-week epochs, users increase their total borrowed position, and their ARB rewards are calculated based on the time-weighted average borrow balance. Some markets also reward simply supplying assets like ETH derivatives (weETH, wstETH, rsETH) or stablecoins, not just borrowing.

To participate, users must bridge eligible assets to Arbitrum One, choose a participating market—such as Aave, Morpho, Fluid, Euler, Dolomite, or Silo—then deposit collateral, borrow and loop, and finally claim ARB rewards at the end of each two-week epoch.

Arbitrum DRIP program is designed in phases. The first two epochs serve as a discovery phase, allocating only 15% of the budget to identify which markets perform best. Following this, the performance phase rewards top-performing markets with a larger share of incentives, encouraging healthy competition and maximizing liquidity growth across Arbitrum’s DeFi ecosystem.

By incentivizing productive borrowing and looping activity, Arbitrum DRIP program is poised to increase the TVL across Arbitrum’s DeFi ecosystem, which currently stands at approximately $3.21 billion, according to DefiLlama. This places Arbitrum 7th in global DeFi TVL share at 2.1%, just behind Base.

Source: DefiLlama

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September 4, 2025 0 comments

GameFi Guides

Etherex price gains 40% amid Linea rewards program launch

by admin September 3, 2025

Etherex price surged after Linea launched a major rewards program designed to pump liquidity across its ecosystem.

Summary

Etherex price rose 41% to $0.585 after a new Linea rewards program launch.
Daily trading volume climbed 82% to $3.89M; TVL topped $200M.
Risks include October LINEA unlocks and yield dilution from rising TVL.

In the past day, Etherex has increased 41% to $0.5794, briefly reaching an all-time high of $0.585. The rally came after Linea’s new liquidity rewards program went live on Sep. 2, 2025.

Linea Ignition boosts Etherex

The initiative, called Linea Ignition, will run for two months and distribute 1 billion LINEA tokens to liquidity providers across leading decentralized finance protocols. Among them, Etherex, a MetaDEX built directly on Linea’s zkEVM Layer 2, has emerged as the biggest winner.

Developed in collaboration with Linea, ConsenSys, and Nile Exchange, Etherex functions as the network’s main liquidity hub. It powers major trading pools such as USDC/ETH, WBTC/ETH, and REX/ETH.

Market activity spiked in response. Etherex’s daily trading volume rose 82% to $3.89 million, while its market cap grew to $57.7 million with a fully diluted valuation of $206.8 million. The protocol now secures more than $200 million in total value locked, making it the largest on Linea.

The program’s design has been a key driver. Ignition has created a feedback loop by linking rewards to market volatility and layering REX bonuses. Increased liquidity lowers slippage, which attracts more trading volume and raises incentives for token holders.

Investor confidence and REX price risks

With ConsenSys-linked wallets consistently increasing their REX holdings, trust in the project’s alignment with Linea’s long-term goals has grown. Social media traders referred to Etherex as a “whale magnet,” pointing to its fee decay mechanism, x(3,3) token dynamics, and fair emissions model.

But there are still some risks. While rising TVL may gradually reduce yields for liquidity providers, selling pressure may be triggered by the planned Oct. 27 unlock of vested LINEA tokens.

For now, however, Etherex’s deep integration with Linea has solidified its role at the center of the chain’s DeFi activity. The project seems well-positioned to continue its momentum into the last quarter, with Ignition already underway and features like Native Yield integration in the works.

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September 3, 2025 0 comments