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Bitcoin ETFs Record Strongest Inflows Since July, Push Holdings to New High

by admin September 17, 2025



In brief

  • Bitcoin ETPs saw a net inflow of 20,685 BTC last week, driven mostly by U.S. ETFs.
  • The recent uptick in investor risk appetite is driven by rate cut expectations and new crypto IPOs.
  • Despite institutional demand outpacing new Bitcoin supply, realized and implied volatility remain historically low.

Bitcoin exchange-traded products globally logged net inflows of 20,685 BTC last week, the strongest weekly intake since July 22, according to digital assets firm K33 Research.

The renewed momentum lifted U.S. spot bitcoin ETFs’ combined holdings to 1.32 million BTC, surpassing the previous peak set on July 30.

U.S. Bitcoin ETF products contributed nearly 97% of last week’s 20,685 BTC ETP inflows, highlighting the surge in demand ahead of the FOMC meeting. 

Bitcoin ETF inflows “tend to be one of the key determinants of Bitcoin’s performance,” André Dragosch, head of research for Europe at Bitwise Investments, told Decrypt, adding that the “percentage share of Bitcoin’s performance explained by changes in ETP flows” has reached a new all-time high.

Compared with Ethereum ETF flows, “there appears to be a ‘re-rotation’ from Ethereum back to Bitcoin in terms of investor flows,” Dragosch said, citing their data. “Over the past week, flows into Bitcoin ETFs have surpassed new supply growth by a factor of 8.93 times, a key tailwind for Bitcoin’s recent performance.”



Analysts at K33 agree, writing that flows have been a key driver of bitcoin’s strength since ETF approvals earlier last year, and the latest surge signals an acceleration in demand that could underpin further price support.

In the last 30 days, investors accumulated roughly 22,853 BTC via various products, outpacing the new supply of 14,056 BTC. This rising risk appetite for Bitcoin has supported the recent recovery, Bitwise noted in its Monday report.

Fidelity’s FBTC product accounted for a substantial portion of last week’s Bitcoin ETF demand, with its $843 million net inflow representing 36% of the total $2.34 billion recorded across all funds and marking an 18-month high.

While the soft inflation data and rate cut expectations are key drivers, according to Bitwise analysts, the rise in risk appetite was also “underscored by a flurry of major crypto-related IPOs and announcements last week.”

“Still, activity remains tepid and volatility is historically low,” K33 analysts wrote in an investor note on Tuesday.

They pointed to Bitcoin’s seven-day volatility, which hit yearly lows of less than 0.7% last week before rising “modestly” as prices rose above $115,000.

It marks 11 consecutive days of below 1.3% seven-day volatility, the “second-longest such stretch this year,” K33 analysts wrote. 

Bitcoin’s implied volatility, which measures the future market expectations using options data, also remains near a multi-year low. 

“With muted trading activity, high offshore leverage, and no major immediate catalysts beyond Wednesday’s FOMC, directional signals are mixed,” they said.

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September 17, 2025 0 comments
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US Tech Giants Race to Spend Billions in UK AI Push
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US Tech Giants Race to Spend Billions in UK AI Push

by admin September 17, 2025


Microsoft and Nvidia have unveiled plans to invest up to $45 billion dollars into the UK economy, in a move that will bolster the building of more data centers as well as research and development into artificial intelligence.

The investment comes as US president Donald Trump travels to Britain, where he is expected to announce a US-UK tech deal alongside UK prime minister Keir Starmer.

As part of the agreement, Microsoft has committed to invest $30 billion in AI infrastructure over the next four years. The company claims this is the largest financial commitment it has ever made in the UK and will make up more than two thirds of the total investment announced into the UK this week, timed to Trump’s visit.

“We are focused on British pounds, not empty tech promises,” Brad Smith, Microsoft’s vice chair and president, told journalists in a virtual briefing ahead of the announcement today. “We will be good for every cent of this investment.” Half of the money will go to capital expansion— “all new money, all new investments,” Smith claimed—whereas the other half will go to efforts like a partnership with the data center business Nscale, to finance and use its facilities.

Nvidia, for its part, has pledged to spend up to $15 billion on AI-related R&D efforts in the UK. The chipmaker will not invest directly into building out the infrastructure, instead acting through its partners CoreWeave and Nscale.

This announcement comes alongside a new joint venture from Nvidia, Nscale, and OpenAI today, which plans to “strengthen the UK’s sovereign compute capabilities” through an AI infrastructure partnership called Stargate UK. OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang traveled with Trump to the UK during his state visit this week.

“Stargate UK ensures OpenAI’s world-leading AI models can run on local computing power in the UK, for the UK,” said OpenAI in a statement. OpenAI will provide up to 8,000 GPUs in the first quarter of 2026 with the potential to scale to 31,000 GPUs over time. As part of the agreement, OpenAI says Nscale is set to significantly expand its capacity across a number of sites in the UK, including Cobalt Park in Newcastle, which will be part of a newly designated AI Growth Zone in the northeast.

“This historic commitment from Nscale shows how the UK can build the future of AI, together with our partners from the US,” Nscale CEO Josh Payne said in a statement. “It’s only by building world-class AI infrastructure that we will stay competitive in the global race.”

When asked to characterize Microsoft’s relationship with Nscale, Smith said simply, “We write the check, and they spend the money.”

Smith was quick to claim that the company did not get a request from the Trump administration to make an investment announcement. “We have had many conversations with the UK government, including with folks at Number 10, as you would expect, and those have been going on for months,” he said.



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September 17, 2025 0 comments
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Crypto Trading Firm Keyrock Buys Luxembourg's Turing Capital in Asset Management Push
Crypto Trends

Crypto Trading Firm Keyrock Buys Luxembourg's Turing Capital in Asset Management Push

by admin September 16, 2025



Crypto trading firm Keyrock said it's expanding into asset and wealth management by acquiring Turing Capital, a Luxembourg-registered alternative investment fund manager.

The deal, announced on Tuesday, marks the launch of Keyrock’s Asset and Wealth Management division, a new business unit dedicated to institutional clients and private investors.

Keyrock, founded in Brussels, Belgium and best known for its work in market making, options and OTC trading, said it will fold Turing Capital’s investment strategies and Luxembourg fund management structure into its wider platform. The division will be led by Turing Capital co-founder Jorge Schnura, who joins Keyrock’s executive committee as president of the unit.

The company said the expansion will allow it to provide services across the full lifecycle of digital assets, from liquidity provision to long-term investment strategies. “In the near future, all assets will live onchain,” Schnura said, noting that the merger positions the group to capture opportunities as traditional financial products migrate to blockchain rails.

Keyrock has also applied for regulatory approval under the EU’s crypto framework MiCA through a filing with Liechtenstein’s financial regulator. If approved, the firm plans to offer portfolio management and advisory services, aiming to compete directly with traditional asset managers as well as crypto-native players.

“Today’s launch sets the stage for our longer-term ambition: bringing asset management on-chain in a way that truly meets institutional standards,” Keyrock CSO Juan David Mendieta said in a statement.

Read more: Stablecoin Payments Projected to Top $1T Annually by 2030, Market Maker Keyrock Says



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September 16, 2025 0 comments
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Crypto Market Prediction: Bitcoin Needs One Push for $150,000, XRP Lost $3 Again, Dogecoin (DOGE) Biggest $0.30 Crash From July
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Crypto Market Prediction: Bitcoin Needs One Push for $150,000, XRP Lost $3 Again, Dogecoin (DOGE) Biggest $0.30 Crash From July

by admin September 16, 2025


The market could be ready for solid growth if bulls provide just a little bit of help to Bitcoin, which is actually in a better position than may seem at first sight. Meanwhile, Dogecoin and XRP are struggling to keep their important psychological targets.

Bitcoin does not need much

The price structure of Bitcoin is preparing for what might be a significant surge toward all-time highs. After a significant decline in September, Bitcoin is currently trading just above $115,000 and is in a technically advantageous position. 

  • Moving averages, market structure and momentum indicators all point to the possibility that Bitcoin could spark a run toward the $150,000 mark with just steady inflows.

  • Following its breakout last week, the $114,000-$115,000 range has become near-term support, and Bitcoin is currently consolidating above it. With the 50-day EMA (~$113,400) and 100-day EMA (~$111,300) converging near the price, the daily chart displays Bitcoin trading above its major moving averages.

  • This support level clustering offers a solid technical foundation, lowering downside risks and promoting bullish sentiment. The 200-day EMA, which is much longer and sits at about $105,200, supports the current upward trend.

With the Relative Strength Index (RSI) at about 55, there is still opportunity for growth without running the risk of an overbought situation right now. Consistency in trading volume, as opposed to excess, points to controlled accumulation rather than speculative overheating. Crucially, there is not much of a barrier separating Bitcoin’s current levels from the $120,000-$125,000 range, and once that barrier is removed, the road to $150,000 will be comparatively clear. 

BTC/USDT Chart by TradingView

Bitcoin appears to be bullish on all fronts from a structural standpoint. It is devoid of consistent inflows, whether from retail buying pressure, institutional demand or ETF activity. Recent ETF flows have been encouraging but not particularly strong; a spike in these funds could give Bitcoin the boost it needs to start rising.

XRP loses it again

XRP has once again dropped below the crucial $3 threshold, disappointing bulls who thought the token’s recent breakout would signal the start of a more robust rally. This month, XRP briefly tested $3.20 before slipping back to trade around $2.99, casting doubt on whether its momentum can last.

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The breaking of a descending resistance line that has limited XRP’s movement since July’s highs was attempted on the daily chart. The breakout appeared promising at first, but sellers intervened near $3.20 as the move rapidly lost steam. The rejection has essentially turned XRP into resistance once more by forcing it back below the breakout line. Stronger support at the 100-day EMA (~$2.81) follows the short-term support at $2.96. XRP could decline toward $2.60, where the 200-day EMA offers longer-term structural support if these levels do not hold.

Along with declining trading volumes in comparison to the July surges, the chart also demonstrates waning bullish conviction. This lack of action highlights how flimsy XRP’s current upward trend is.

The cause was a weakness in the network. Fundamentals are exerting additional pressure beyond the technical picture. In recent weeks, network activity has been gradually decreasing, and daily payment counts have drastically decreased in comparison to August highs.

Dogecoin’s worst decline

After briefly reaching new multi-month highs, Dogecoin saw its steepest decline since July, plunging precipitously from the $0.30 level. It is unclear if this is merely a correction or the beginning of a more significant reversal, as the meme coin, which had been experiencing significant bullish momentum throughout early September, is currently finding it difficult to maintain above $0.27.

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This is the worst crash since July. DOGE has seen its largest single decline since mid-summer, when it last experienced comparable selling pressure following the steep rejection from the $0.30 resistance zone. During the pullback, trading volumes increased, suggesting that profit-taking was the main factor causing the movement. Although the setback has occurred, DOGE is still above critical moving averages, indicating that the overall upward trend is still in place.

DOGE may rebound toward $0.28 and retest $0.30 if it can hold above the $0.26-$0.27 support zone. At these prices, robust buyer interest would validate the pullback as a sound correction within a continuing upward trend. Another possible course is sideways consolidation, which would occur between $0.24 and $0.28. 

This would enable momentum indicators like the RSI, which had just entered overbought territory, to be reset and moving averages to catch up. Consolidation like this could strengthen the foundation for a future breakout above $0.30.

The token could drop toward the $0.22–$0.21 region, where the 100-day and 200-day EMAs align, if sellers push DOGE below the $0.24 support. A breakdown here might portend the end of the bullish trend that started in July and pave the way to a more significant correction.



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September 16, 2025 0 comments
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Crypto Trends

Robinhood Builds on Private Equity Token Push With New Venture Capital Fund

by admin September 15, 2025



Robinhood (HOOD) is moving deeper into private markets with a new venture capital fund designed to give everyday investors access to companies before they go public.

The company has filed with the Securities and Exchange Commission (SEC) an initial registration statement to launch Robinhood Ventures Fund I (RVI), a closed-end investment vehicle that aims to buy stakes in private companies that are leaders in their industries.

The fund, managed by a newly formed subsidiary called Robinhood Ventures, would be traded on the New York Stock Exchange, pending regulatory approval.

Robinhood faced criticism earlier this year after it announced that it was offering users in the European Union access to private equity tokens.

The company opened access to these tokens through tokenized shares in OpenAI and SpaceX, while also launching its own layer-2 blockchain network for users in the European Union to have access to tokenized publicly traded U.S. stocks.

At the time, the company was forced to explain that its private equity tokens were held by a special purpose vehicle, after OpenAI warned that the tokens did not represent equity in the firm. Still, the company is pushing forward with offering private equity access to retail investors.

“For decades, wealthy people and institutions have invested in private companies while retail investors have been unfairly locked out,” Robinhood Chairman and CEO Vlad Tenev said.

Robinhood pointed out that the number of public companies in the U.S. has dropped by nearly half since 2000, while the private market has ballooned to over $10 trillion in estimated value, according to Federal Reserve data.

If approved, Robinhood Ventures Fund I would invest in a small basket of private companies across various industries and hold them through IPO and beyond. Shares would be available to buy and sell through traditional brokerages.

Robinhood shares are down 1.4% in today’s trading session to $113.39.



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September 15, 2025 0 comments
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Bitcoin, Ethereum Price Rally ‘Halfway’ as Options Traders Look to Year-End Push

by admin September 15, 2025



In brief

  • Bitcoin and Ethereum have risen 6% and 4% this month, defying the usual September slump.
  • Options data show bullish bets outweighing bearish ones, with weighting geared for higher year-end prices.
  • Expectations of multiple Fed rate cuts in 2025 are helping underpin appetite for risk assets.

September’s slump may not be the last, but an expert says the crypto market still has room to rally into year-end.

“There’s been growing speculation that we’ve reached the top of this cycle, but I don’t think that’s the case,” Sean Dawson, head of research at on-chain options platform Derive, told Decrypt. 

He believes the second half of September might see increased volatility and some short-term pain due to the month’s historical seasonality, driven largely by the U.S. financial year-end.



Bitcoin dropped, roughly 1.29% from Saturday’s high of $116,245 to $114,770, CoinGecko data shows.

For Ethereum, the pain could stem from treasuries, whose market-to-net asset value —comparing a company’s stock value to that of its assets — has dropped below one, which may prompt them to sell the underlying asset and repurchase shares instead, Dawson explained. 

Dawson said the market may be only “halfway” through a fourth-quarter upswing, citing supportive macro trends and options data.

The market’s expectation of multiple rate cuts in 2025 aligns with investors’ bullish positioning as seen in options data that shows call open interest for Bitcoin outnumbering puts by nearly 2.5 to 1. 

“Macro is turning extremely favourable. The latest Polymarket data shows the odds of three rate cuts before year-end have jumped from 22% to 49% in just two weeks, Dawson said.

The odds of four rate cuts, or a full percentage point, have climbed above 10%—a sharp change in expectations that typically favors risk assets, such as crypto.

The market’s consensus probability of price outcomes shows “a 40% chance Ethereum closes above $5,000 by year-end, and 20% chance it settles above $6,000.

For Bitcoin, the market gives a 37% probability of $125,000 or higher by the same time.”

Both Bitcoin and Ethereum are up nearly 6% and 4%, respectively, this month, going against a historically bearish month for digital assets.

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September 15, 2025 0 comments
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Best Altcoins to Buy as Industry Groups Push UK-US Tech Bridge to Include Digital Assets
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Best Altcoins to Buy as Industry Groups Push UK-US Tech Bridge to Include Digital Assets

by admin September 14, 2025


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

A coalition of leading associations in the finance, tech, and digital sectors has written a letter to the UK government, urging it to include Distributed Ledger Technology (DLT) as a core strand of the UK-US Tech Bridge.

The US-UK Tech Bridge is a bilateral agreement between the two nations to collaborate and share resources on emerging innovations, technology, and digital policy.

It has been specifically designed to foster innovation through joint research and development while aligning policy and standards to set common rules and approaches for areas such as data governance, AI safety, and cybersecurity.

With Trump set to visit the UK from September 17-19, this letter comes at a crucial time as Britain looks to assert its dominance in the digital finance sector.

Read on as we uncover what the letter proposes and highlight the best altcoins we think could benefit from growing government crypto adoption.

What Does the Letter Recommend?

The signatories believe that DLT is a major driving force for the development of next-generation infrastructure and financial services, facilitating cheaper and faster payments, improving capital flows, and driving efficiencies and productivity.

The letter highlights two key sectors of DLT that the UK government must pay close attention to: tokenization and stablecoins.

The coalition stresses that this is a once-in-a-generation opportunity to create the world’s first transatlantic framework for DLT, with both the US and UK being major global economies of strategic importance.

While the UK handles nearly 40% of global FX turnover, the US is home to the world’s largest capital pool and the epicenter of digital asset innovation.

Both nations can leverage each other’s regulatory weight, financial heritage, and legal excellence to shape the rules of the digital economy. And if they don’t, then they’ll probably have to watch the Middle East and Asia take the lead.

Amid growing competitive pressure, the letter recommends forming a joint sandbox with political backing to seize the opportunities of new technology and cement Britain’s role as the world’s leading hub for digital finance innovation.

As the world’s top financial powerhouses pivot toward digital assets such as tokenized securities and stablecoins, it’s inevitable that the next few decades of global finance will be dominated by cryptocurrencies and the broader digital finance ecosystem.

This is why forward-looking investors are actively identifying promising cryptocurrencies. If you want to make the most of this global shift, here are some of the top cryptos you should add to your portfolio right now.

1. Bitcoin Hyper ($HYPER) – Revolutionary Layer 2 Bitcoin Solution with Better Speed and Scalability

There’s no doubt that Bitcoin is the most popular cryptocurrency in the world, with a market cap of $2.31T. However, it still struggles with slow speeds and can only process 7 transactions per second since it handles them one by one.

Enter Bitcoin Hyper ($HYPER), the first-ever Layer 2 solution built on the Bitcoin blockchain.

$HYPER, with its Solana Virtual Machine (SVM) integration, enables parallel transaction processing, where multiple transactions can be processed simultaneously as long as they’re not related to each other.

This drastically increases throughput and speed while reducing transaction costs.

The SVM integration also allows developers to execute smart contracts and build dApps directly on the Bitcoin blockchain, opening the doors to Web3 and DeFi participation.

At the core of this utility is a non-custodial, decentralized canonical bridge that locks up your L1 Bitcoin tokens to mint an equivalent amount of L2-compatible Bitcoin.

These L2 tokens can be used across Web3, NFT platforms, lending, staking, and more. Once you’re done, the same bridge can be used to convert your L2 tokens back to traditional Bitcoin.

This utility-driven approach has made the $HYPER presale a huge success, raising $15.5M so far. Each token is currently priced at just $0.012905.

According to our $HYPER price prediction, the token could hit $0.32 in 2025, offering a massive 2,300% return from current levels.

If you’re wondering how to become part of this journey, here’s a step-by-step guide on how to buy $HYPER.

Visit Bitcoin Hyper’s official website to learn how it will crank up BTC’s real-world utility.

2. SUBBD Token ($SUBBD) – Crypto-Run Content Creation Platform Offering a Host of AI Tools

SUBBD Token ($SUBBD) powers a revolutionary content creation platform that aims to transform the $85B content creation industry.

Right now, creators have to give up as much as 70% of their revenue in platform fees. Plus, there’s always the lingering threat of arbitrary bans and account suspensions.

Enter SUBBD, which charges only a fraction of creator revenue as fees while also offering a host of AI tools.

For instance, it provides AI text generators, AI photo and video tools for striking visuals, and AI audio generators to help creators build engaging content without wasting time.

This allows creators to focus more on engaging with their audience and forming loyal fan bases through direct interaction.

Holding $SUBBD also comes with a range of benefits. You can use it to unlock exclusive content, request custom creations, and tip your favorite creators.

One of the standout features of SUBBD is its flat 20% staking return for the first year, giving you assured passive income.

What’s more, staking also unlocks added perks, such as exclusive behind-the-scenes content and creator livestreams.

The $SUBBD presale has already raised $1.13M. Each token is currently priced at $0.056425, and as per our $SUBBD price prediction, it could hit $0.301 by the end of 2025 – a 400% return in just a few months.

Here’s our detailed guide on how to buy $SUBBD before the next price increase.

Visit SUBBD Token’s official website to learn more about how it’s blending crypto, AI, and content.

3. MemeCore ($M) – A Participatory Project Rewarding Each Network Contribution

MemeCore ($M) is a Layer 1 ‘meme chain’ that aims to transform the best meme coins from hype-driven digital currencies into culturally relevant, utility-rich assets through governance, on-chain activity, and virality.

MemeCore rewards every form of participation – whether it’s trading, staking, creating, or validating on the blockchain – since it believes each contribution is critical to strengthening the network’s growth.

The project’s goal is to build a participatory economy where every action is measured, verified, and rewarded. This creates a value-generating ecosystem that’s sustainable in the long run.

$M has surged more than 250% since the start of September and around 37% in the last seven days.

It crossed the $1 landmark for the first time on September 4 and is now trading at around $2.37, with strong support at $1.80.

With a market cap of $2.46B, MemeCore is now among the top 50 cryptocurrencies in the world. As interest in $M continues to grow, the token could set fresh all-time highs in the coming weeks.

Quick recap: with the world’s leading finance institutions now viewing stablecoins and tokenized securities as the future of finance, the stage is set for low-cap, high-upside altcoins like Bitcoin Hyper ($HYPER), SUBBD Token ($SUBBD), and MemeCore ($M) to churn out potentially life-changing gains.

Disclaimer: Crypto investments are highly risky. This article is not financial advice, so kindly do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist — https://bitcoinist.com/best-altcoins-to-buy-as-uk-us-tech-bridge-eyes-digital-assets

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 14, 2025 0 comments
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Crypto Trends

BlackRock Weighs Tokenized ETFs on Blockchain in Push Beyond Treasuries

by admin September 11, 2025



BlackRock is exploring how to bring exchange-traded funds (ETFs) onto public blockchains, people familiar with the matter told Bloomberg. The sources said the asset manager is weighing tokenizing funds tied to real-world assets such as stocks, though any rollout would depend on regulatory approval.

The discussions follow BlackRock’s first experiment with tokenization last year. The firm introduced the BlackRock USD Institutional Digital Liquidity Fund, also known as BUIDL. The fund, which is backed by short-term U.S. Treasuries, repurchase agreements and cash, has quickly grown into the world’s largest tokenized Treasury product, managing nearly $2.2 billion.

Tokenizing ETFs would represent a deeper step into blockchain-based financial products. In practice, it would mean that shares of the funds — traditionally traded on stock exchanges during market hours — could be issued and transacted as tokens on chain.

Proponents argue this shift could bring clear benefits. A tokenized ETF could be traded around the clock, rather than only during exchange hours. Settlement, which often takes two business days in traditional finance, could be completed within minutes. Investors in markets where ETFs are not easily accessible might gain exposure through blockchain rails.

The products are pending a green light from regulators, the people said. BlackRock’s exploration underscores a wider trend across finance, as banks, fintechs and asset managers test blockchain rails for bonds, private credit and now mainstream equity funds.



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September 11, 2025 0 comments
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Far Cry series will push multiplayer "more predominantly" going forwards, according to Ubisoft boss
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Far Cry series will push multiplayer “more predominantly” going forwards, according to Ubisoft boss

by admin September 11, 2025


The future of the Far Cry series will see multiplayer bits pushed “more predominantly”, according to Ubisoft CEO Yves Guillemot. The exec said this thing on stage at a conference in Saudi Arabia last month (thanks, Game File), around the same time he announced the Assassin’s Creed Mirage DLC the company have partnered with the Saudi government on.

Asked about the future of the series that brought us that one scene where the pirate guy talks about the definition of insanity before kicking you into a big hole, Guillemot said that the publishers’ goal “on Far Cry [is] really to bring the multiplayer aspects more predominantly pushed, so that it can also be played for a long time by players.”

Yves, believe me, you can play a single player game for a very long time. His comments come a couple of years on from reports claiming that Ubisoft were working on both the next mainline entry in the series, Far Cry 7, and a multiplayer-only spin-off. Kotaku’s report at that point alleged Far Cry 7 will see the series move on from the Dunia engine, in use since Far Cry 2. The muliplayer game was claimed by Insider Gaming to be an extraction shooter set in the Alaskan wilderness.

While Far Cry’s always been more of a single-player romp of explosions and bullets for me, though the last couple of entries have obviously featured plenty of co-op in addition to traditional online multiplayer. I can’t recall the matches and modes themselves being anything exceptional, if still fun. However, the map editors they came with were brilliant if, like me, you were a 15-year-old who liked building houses and hideouts, but reckoned getting really into Minecraft would be the final nail in your secondary school cool factor coffin.

Then again, maybe I’m not the person to ask given I’ve still not given Far Cry 6 a go, despite having played every other entry since 2. I just keep forgetting 6 exists, then remembering, reading reviews, and concluding that it’s probably not worth it until the next sale, by which point I’ve forgotten again. Far Cries 2 and 3 were the shooter’s peak in my book, at their best when you were setting half of Africa on fire just to kill three guys or blowing an outpost into the sea. My dad, meanwhile, swears by the original and caveperson spin-off Primal.

I’d interrupt his latest Horizon: Zero Dawn playthrough to ask if he’d care about a multiplayer-only Far Cry, but I think I know what the answer’d be.



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September 11, 2025 0 comments
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As government money tightens its grip on fighting games, the push back to grassroots events gains momentum
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As government money tightens its grip on fighting games, the push back to grassroots events gains momentum

by admin September 11, 2025


Last week, the news broke that the Saudi Arabian city project Qiddiya had acquired an American talent management and brand consulting firm called RTS. Now, you may not have heard of RTS, but you may have heard of the video game event it co-owns: Evo.

Evo, the largest fighting game tournament in the world, is now owned in-part by the Saudi Arabian government. This government, criticised heavily for its human rights record, has brought the jewel of the fighting game community into its ever-growing sportswashing venture.

The reaction was loud and largely negative in the wake of this announcement, with a wave of fighting game fans and professionals decrying the move, pledging to never attend an Evo again, and urging others to focus their interest and money towards community-owned grassroots events. But will this manifest in reality, or remain just a topic-of-the-week on social media? To find out, I reached out to those who’ve dedicated a chunk of their lives to the genre to find out if the sentiment to go back to basics is real.


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“I fully expected it – it was a little sooner than I thought it would – but at some point it was bound to happen” says Jack “Kenno” Kenwright, a UK-based commentator. He continued by pointing to other games and the growing Saudi government presence there: “Rocket League, League of Legends, Counter Strike… All these games have already been largely assimilated. They’re being supported by certain companies that some people might have issues with, some people might not care about, and some people might be fine with. That’s been going on for ages and eventually it was going to come to the FGC. It’s the monkey’s paw isn’t it? People want a cheaper event with higher budgets and prize pools and it’s like, well, you got it!”

Laura “Femshep” Genn, an up-and-coming competitive Street Fighter 6 player, echoed this lack of shock: “It was never going to stop at the Esports World Cup. You don’t pour that kind of money into something and decide, we’re good. We don’t need any more opportunities to present the messages that EWC is putting out there politically. I’m a bit of a chronic optimist so I had hoped it would have been at least a bit less overt for a while longer.”

While some like Kenwright and Genn saw this coming and were prepared with pre-existing opinions on the matter of Saudi Arabian sportswashing, others had the recent acquisition act as a push to educate themselves. People like Tekken content creator and coach Stephen “Speedkicks” Stafford, whose reservations lie in the general concern around governmental involvement rather than specific concerns around Saudi Arabia.

“I’m not personally into doing events affiliated with governments, regardless of what government it is. I’m not prosecuting any specific government, I just don’t think we should be doing politically-enforced events. After looking into what the Saudi government has been doing and the WWE events there I was like, I don’t like this as the future of fighting games. I don’t think there’s any specific nation where I’d be happy if they bought Evo.”

“At least with the rich guys who came in in FGC money-pumps past, who were like I’m gonna own this or buy this, they see no return and they leave. We know what they’re here to do – they’re here to make money. They may be misguided, as long as they believe they can make money, we take their money and that’s great for us! We get this money pump event and move on. But when it’s a government-funded event it’s different – their interest doesn’t have to be profit. And here there’s an interest beside money.”

What does the future hold for EVO? The public opinion is sour. | Image credit: Evo / Sony Interactive Entertainment

With all this in mind the big question is clear: would these people with aspirations and careers tied to fighting games attend Evo now that it’s under this controversial new management? The answers varied, but all believed that a refocus on community-led grassroots events was the best path forward.

Stafford expressed that for him, this is where the line is: “Other people are looking at it from a more moral disagreement side, they don’t want any association and that’s where they draw their line. For me it’s about the health of the scene, I want it to thrive. When EWC was just a motivator that got people to play and got them money and sponsors, that was fine. Now, the hard ownership of the most prestigious open-bracket tournament… I don’t know what their plan is but we know the agenda is they’re selling this city. We’re in their hands now.”

For Kenwright, he’d still likely go if offered a commentary job at Evo, but would prefer to attend other US-events first: “I think at the moment it hasn’t changed my perspective of Evo, because I already would rather go to other events like Combo Breaker, Texas Showdown, CEOtaku etc. I would rather go to them first before I fully ingest myself into Evo as I’ve never experienced the American scene. It’s still second priority.

“As for working for Evo, it’s still a goal, it will always be a goal, but obviously it’s one that I’m a little bit more hesitant about now as I have a lot of friends in the Guilty Gear Strive and Granblue scenes who look at it another way. Obviously my goals are my goals and they won’t be affected by other people, but if you go to those events and to certain places it’s… you’re essentially saying your stance when you take those roles. But, if I was still called up for work, I’d probably still go.”

Street Fighter 6 publisher, Capcom, has received over $1 billion in investment from the Saudi Arabian public investment fund. | Image credit: Capcom

Genn is certain that they wouldn’t feel comfortable going to Evo, even if they believe that the event will remain an enjoyable experience for the average attendee. “Right now I don’t think I would feel comfortable going back to Evo. I don’t expect the event to change in any significant way in terms of attendee experience. I had a lovely time this year just like I did at every major I attend, and had a lovely time. If anything, with more money coming in the production quality might improve. But I don’t think that amount of money coming in will happen if Evo isn’t playing the same ads and messaging, social media posts, and the same lines in interviews as has been said at the EWC.

“With the EWC there’s a glaring absence of women, I’m sure there are some, but not as many as I’ve seen in other places. There are no visibly queer people at all because the message they sent when asked if people would be safe attending the EWC is to respect their laws. Those laws, whether or not they’re always enforced, are if you are visibly queer you can be put to death. The implication being ‘just play the game, and don’t be visibly queer in any way’.”

“I already would rather go to other events like Combo Breaker, Texas Showdown, or CEOtaku.”

So what will happen now? Unfortunately, from the perspective of those interviewed, a sizable portion of the playerbase who wish to continue chasing a career in the fighting game space has little choice but to swallow any disdain they might have. As Stafford put it: “The most annoying thing about this is it’s clearly designed to be successful. Fighting games were just at the point where people could escape their livelihood, but not at the point where people could boycott certain big events. They aren’t receiving a salary if they aren’t attending Evo, EWC, to do all that stuff. Aside from the prize pools, they just wouldn’t be in the money-making ecosystem. So they got us! It’s not reasonable to expect top players to take a moral stand when they have to eat.”

Genn also acknowledges the tricky situation, but believes what’s key at this point is honest conversations around what has happened and why it’s happening: “People need to be able to come to their own conclusions on what decision they’d like to make in light of their personal ethics, and what they would like their money to support. If you decide the best thing to do is to be involved, loud, and visible? Okay! If you decide like me you don’t want to be at an event funded by that source? Okay! But let’s not pretend that’s not where the money is coming from, or there aren’t legitimate concerns.

“It is becoming increasingly impossible to engage in the serious competitive part of the FGC in a prolonged capacity without being willing to participate in the EWC. If only because the large sponsorships that fund your ability to attend large tournaments are funding you because they anticipate you attending the EWC, and they want their brand there. I understand that not every player can say I’m not going to attend this as it would functionally be the end of their career, and I don’t think it’s our place to make that call for everybody. But likewise I do think it’s moral cowardice to parrot phrases like ‘there’s no ethical consumption under capitalism’ as a shield for decisions we make.”

This year’s Esports World Cup was, controversially, held in Riyadh. | Image credit: Esports World Cup.

For Kenwright, Genn, and Stafford, what’s crucial now is to support local events that lack that murky governmental conundrum, to refocus on what built up the scene into what it was in the first place – community run events where money takes second place to the social and competitive experience.

“If you do have trouble with this news, don’t just show it on Twitter by making a quick post, show it by supporting your locals,” stated Kenwright. “Supporting a place where you feel safe, or just somewhere you know you’ll enjoy. My stance will always be: put your money where your mouth is.”

“The coolest thing about the FGC in my opinion is that we’re on the smaller side of esports, but if you were to remove esports things like the potential to get paid, to get famous… Fighting games would probably have the most players left over,” stated Stafford. “You’ll have the most players willing to show up for no money, just to have a good time with some cool people.”

Stafford continued: “With fighting games it’s important we still protect that. So in my mind, I won’t be associated with those bigger clout events. Anything EWC affiliated, EWC-partnered events like Combo Breaker, CEO. I won’t be restreaming or talking about them on my platform at all. We’ll still have a good time as we revert to more FGC and less esports. I want people to know there’s still an avenue for that experience that isn’t giant esports Saudi Arabian tournaments.

I won’t be restreaming or talking about them on my platform at all.

“That way, in a few years if Saudi Arabia gets bored and the community has been a great means-to-an-end, their city is huge and they don’t need fighting games, the FGC will survive.”

For Genn, now’s the time for people to go out and support their local communities. Failing that, it’s time to start your own. “The majority of people have a local they can go to, that they’ve never attended. And if there isn’t, they can start one. There are all kinds of amazing events at a small scale. The heart of the FGC is a local where you and your friends are there for the love of the game. It’s called the fighting game community, not the fighting game prize pot. It’s always been about the people. The best way to show we value the prize pot is to recognise there’s value to be found in an event where you win and get $20 or less.”



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