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Petition to remove Roblox CEO reaches 100k signatures amid child safety concerns

by admin August 17, 2025



A petition calling for the resignation of Roblox CEO David Baszucki has gained over 100,000 signatures amid growing concerns over child safety on the platform.

The petition, started on August 9, 2025, accused Roblox of failing to protect children, alleging that the company has repeatedly overlooked issues of exploitation and harmful content.

It further claimed that, under Baszucki’s leadership, the safety of minors had been compromised while accountability and transparency remained lacking.

The petition further alleged that Roblox had been slow to remove predators, allowing some to remain active on the platform even after they were reported. It also claimed the company permitted harmful content to circulate while over-relying on automated moderation that punishes innocent players.

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Additional complaints included allegations that community members had faced retaliation and that leadership had ignored mounting criticism and calls for reform.

Concern over the safety of children in Roblox has grown since the banning of YouTuber and predator catcher Schlep’s ban from the platform.

Roblox leadership faces increasing pressure

While the petition provides no specific names, Schlep, a YouTuber known for confronting alleged predators on Roblox, was banned from the platform and sent a cease and desist notice by the company, threatening legal action if they didn’t halt “unauthorized and harmful activities on the Roblox platform.”

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Roblox has since defended the decision to ban Schlep, describing their actions as vigilantism. In an August 16 video providing an update on the company’s safety initiatives, Roblox Chief Safety Officer Matt Kaufman stated that such vigilante activity put the community at “greater risk.”

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On August 15, To Catch a Predator host Chris Hansen confirmed in an X/Twitter post that he was investigating “exploitation of children on the popular gaming platform, Roblox,” and had been in contact with law enforcement as well as Schlep.



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August 17, 2025 0 comments
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Bitcoin Hyper reaches $10M after investor surge
GameFi Guides

Bitcoin Hyper Presale Reaches $10M Following an Investor Surge

by admin August 17, 2025


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

The Bitcoin Hyper presale has just hit $10.1M three months after it started in May, making it one of the most successful presales of 2025.

The increase in investor interest comes as a response to the project’s utility and growing trust in its long-term potential.

But what does Bitcoin Hyper do? In short, it aims to speed up Bitcoin’s performance for faster transactions and, subsequently, lower fees.

Bitcoin’s Problems and How Bitcoin Hyper Solves Them

Bitcoin’s most obvious problem is its obsolete protocol, keeping the network trapped at 7 transactions per second (TPS.) This translates to transactions that take hours, lack of scalability (difficulties processing multiple transactions at once), and sky-high fees.

By comparison, Solana deploys a maximum theoretical TPS of 65,000, placing it second in the world on the list of the fastest blockchains, after Internet Computer Protocol (ICP.) Bitcoin is 26th on that list, down from the 22nd position it had last week.

The Lightning Network tried to solve this problem by targeting several core issues:

  • Eliminate the priority system, which processes the transactions with the highest fees, meaning that low-fee transactions experience high confirmation times
  • Cut down energy costs associated with block transactions
  • Speed up smart contract execution

The problem with the Lightning Network, aside from failing to address these issues, is that the nodes (which serve as transaction hubs) need to be online at all times.

This enables the closed-channel fraud, where one user closes the node after transferring the goods. In that case, the other user can broadcast the initial state, or the time before the $BTC was transferred, to receive their assets back, even though they didn’t send any to begin with.

Then we have the fact that, because the nodes need to remain online, the Lightning Network exposes its users to an increased risk of hacking.

It’s for these reasons that the Lighting Network never really experienced mainstream adoption.

Bitcoin Hyper seeks to change that.

Bitcoin Hyper deploys two major tools to bring Bitcoin’s network performance to modern standards: the Canonical Bridge and the Solana Virtual Machine (SVM) for smart contract execution.

Let’s discuss each below.

The Canonical Bridge

Hyper’s Canonical Bridge is the link between Layer 2 and Bitcoin’s native Layer 1. The users deposit their Bitcoins into the Canonical Bridge, which uses the Bitcoin Relay Program to verify and confirm transaction details.

Once confirmed, the transaction goes through, which enables the Canonical Bridge to mint an equivalent number of wrapped Bitcoin into the Hyper Layer 2.

The users can then use the wrapped Bitcoin within the Layer 2 chain or withdraw them back to the Bitcoin network at will.

This takes the load off of Bitcoin’s native network and allows for batched transactions, massively increasing Bitcoin’s scalability and transaction speed.

Thanks to the Canonical Bridge, transactions will now complete in seconds rather than hours.

The Solana Virtual Machine (SVM)

The Solana Virtual Machine (SVM) is responsible for speeding up the execution of smart contracts and DeFi apps.

SVM brings Solana’s performance into the Bitcoin ecosystem, which was long overdue.

Adding both together, Hyper’s tools aim to circumvent the 7-TPS problem, boost Bitcoin’s performance to modern standards, and lower transaction fees. All while keeping Bitcoin’s top performance and brand integrity.

Bitcoin Hyper Presale Numbers

$HYPER has racked in over $10.1M so far with a presale price of $0.012745. This is already impressive, but things are likely to grow out of proportions post-launch.

Based on the project’s utility and roadmap, $HYPER is likely to pack serious muscle post-launch.

Following successful implementation, $HYPER could push to $0.32 shortly after launch. This represents a growth rate of 2,410%.

If Hyper experiences mainstream adoption, the token could reach $1.50 or higher by 2030, according to our Bitcoin Hyper price prediction. This is a 11,669% growth, which means a $100 investment today could return $11,769 in five years: pure passive income.

However, these are conservative predictions, because, if Hyper checks its developmental boxes, the project could transform the Bitcoin ecosystem altogether.

The impact would be massive and would turn $HYPER into a wealth-building asset.

If you want to buy, go to the presale page and buy your $HYPER while they’re still at presale price.

Should You Invest in $HYPER?

Whether you should invest in $HYPER or not depends entirely on your investment strategy and risk aversion.

However, consider that $HYPER is one of the best presales today thanks to its utility and association with Bitcoin. If the Hyper Layer manages to deliver on its word, $HYPER could find itself at the heart of a revolutionary system.

Don’t take this as financial advice. Do your own research (DYOR), manage risks properly, and invest wisely.

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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August 17, 2025 0 comments
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With 12,000 Five-Star Reviews, the Samsung 990 Pro Internal SSD Reaches a Two-Year Price Low on Amazon
Gaming Gear

With 12,000 Five-Star Reviews, the Samsung 990 Pro Internal SSD Reaches a Two-Year Price Low on Amazon

by admin June 16, 2025


When the Samsung 990 Pro SSD first came out a few years back, its starting point was around $300 for the 2TB model, an enormous cost for everyone except the most dedicated users. Fast forward to today, and this top-end drive has seen its cost decline continually but never quite to the level it is at now. Amazon is currently offering the 2TB version for just $149, which makes a two-year low even beating out previous Black Friday and Prime Day deals.

See at Amazon

Ultra Fast SSD

This SSD is built into speed and performance, and the 990 Pro features PCIe Gen4 technology that unlocks read speeds to 7,450 MB/s and write speeds to 6,900 MB/s. These figures put the 990 Pro at the top of the consumer SSD performance class and make it ideal for extreme gaming, video editing, data analysis and any other task where one wants fast access to large files. With respect to the predecessor 980 Pro, the 990 Pro provides more than a 55% boost in random performance.

The most surprising aspect of 990 Pro is its power specification efficiency: Samsung has been able to improve performance per watt by up to 50% over the previous generation so your system runs faster and more efficiently. This efficiency extends battery life in mobile devices and reduces heat generated which translates to stable performance even under extended use. The drive is available in capacities ranging from 1TB to 4TB (all of them are on sale at Amazon) so you can choose the perfect capacity for your needs.

The drive is built with high-quality parts and has sophisticated heat dissipation technology that maintains temperatures in check even with extended usage. It guarantees even performance and increases the lifespan of the SSD. Samsung backs the 990 Pro with a comprehensive 5-year warranty which gives customers confidence and peace of mind in their buying decision. The drive is compatible with a wide range of systems, from PCs to Macs, and even present-day gaming consoles like the PS5, if you happen to own an appropriate M.2 slot.

At its current $149 price on Amazon—the lowest in two years—it’s a bargain that no one can pass up.

See at Amazon



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June 16, 2025 0 comments
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Decrypt logo
Crypto Trends

Metaplanet Reaches 10,000 BTC Target Amid $210M Bond Issuance

by admin June 16, 2025



In brief

  • Metaplanet said it acquired 1,112 BTC for $117.2 million, bringing total holdings to 10,000 BTC.
  • The company’s board approved a $210 million bond issuance to EVO Fund, with proceeds scheduled for additional Bitcoin purchases.
  • Metaplanet did not specify if the BTC acquisition preceded the bond funding, but the timing suggests the two events are linked.

Japanese investment firm Metaplanet announced on Monday that it had acquired 1,112 BTC for approximately $117.2 million, bringing its total holdings to 10,000 BTC and reaching the target it set for this year.

The announcement coincided with the board’s approval of a $210 million bond issuance to EVO Fund, a Cayman Islands-based investment firm. 

The bonds, which carry no interest and mature in December, are part of the company’s 18th series of ordinary bond issuances.

Proceeds from the bond sale are scheduled to be allocated toward the purchase of Bitcoin, according to a regulatory filing. 

Metaplanet did not clarify whether the 1,112 BTC was acquired before or after the funds were received, though the timing suggests the two events are closely linked.

CEO Simon Gerovich said in a post that as of Sunday, “we hold 10,000 $BTC acquired for ~$947 million at ~$94,697 per bitcoin.” Bitcoin was trading at $105,831 on Monday, according to data from CoinGecko.

Metaplanet, which rebranded in 2024 from a hotel and technology firm to a dedicated Bitcoin treasury, has pledged to accumulate 210,000 BTC, or about 1% of the total supply, by 2027. 

In January, it outlined plans to increase its holdings by 470% this year to reach the 10,000 BTC mark, citing the use of “accretive capital market tools” to fund the strategy.

The company has modelled its approach on U.S.-based MicroStrategy, positioning itself as a publicly traded proxy for Bitcoin exposure in Asia. 

In addition to its bond program, Metaplanet recently unveiled plans to raise up to $5.3 billion through the issuance of 555 million new shares.

Despite the buildup in Bitcoin holdings, Metaplanet is among the most shorted stocks in Japan. In May, analysts at 10x Research said the firm’s valuation implied a BTC price of more than $596,000, over five times current levels.

“Apparently, Metaplanet is the most shorted stock in Japan,” Gerovich wrote in a May 21 post on X. “Do they really think betting against Bitcoin is a winning strategy?”

Edited by Sebastian Sinclair

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June 16, 2025 0 comments
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Snorter Token reaches $1M since its start
Crypto Trends

Snorter Token Presale Reaches $1M in One Month as Whales Rush to Buy

by admin June 14, 2025


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

The Snorter Token ($SNORT) presale just reached $1M in little over a month, and the score keeps going up, with investors raring for a piece.

Snorter Token promotes the Snorter Bot, a Solana-based auto-trading bot that operates in a Telegram chat.

But why are people so excited about it?

The answer lies in how the bot functions and how it changes the name of the game for traders like you.

What Is the Snorter Bot?

The Snorter Bot, in its ultimate form, the Aardvark Sniper, is a trading bot whose sole mission is to scan the market for the hottest and most promising meme coins.

The bot fixes many of the problems associated with manual coin hunting, which may include:

  • Missed opportunities due to slow and subpar research
  • The high risk of running into scams like honeypots and rug-pulls
  • The need for fragmented tools like multiple wallets, chart apps, and browser extensions

The Snorter Bot fixes these problems by using a unified Telegram chat, which centralizes all these elements in one place.

This bring increased comfort, as you no longer need to juggle multiple trading tools, and improved security, as the bot can detect early signs of potential scam projects.

Snorter Bot also offers a comprehensive toolset for detecting and sniping the best altcoins on the market, which includes:

  • Automated sniping, with the bot tracking your desired project(s) and issuing a buy command the moment it detects liquidity. The reaction time measures in milliseconds.
  • Solana-based fast and secure swaps, offering priority execution and front-running protection
  • The lowest fees of any Solana bots at launch; only 0.85%
  • Custom limit orders and dynamic stop-losses
  • A portfolio dashboard, giving you all your trading tools and metrics in one place

These allow for smooth on-chain trenching, with the Snorter Bot digging through the market data and making near-instant decisions when the opportunity demands it.

Snorter Token Presale Details and Numbers

Snorter Token ($SNORT) packs impressive numbers for a presale that’s only a month-old.

Aside from breaching through the $1M ceiling, the $SNORT presale also welcomes investors with several other goodies.

For one, you can stake tokens for a 300% APY. However, the more people stake, the lower the APY drops, so invest early for higher rewards.

$SNORT’s price of only $0.0951 is another selling point, turning any early investment into a potential goldmine, provided the project performs well post-launch.

And, based on the project’s meme potential and utility, our analysts predict a $0.94 $SNORT in 2025. This is already an expected growth of 886% (or 9x) post-launch.

Long-term, $SNORT could perform even better, given widespread adoption, community support, and optimal development. By 2030, $SNORT could easily go to $3.25 and beyond.

This translates into an ROI of 3,317% (33x), turning a $100 investment into a $3,317 profit. And with an average staking APY of 100%, your portfolio could grow to ~$6,800 in a year

These numbers are supported by Snorter Token’s roadmap, detailing a promising development cycle, and the whitepaper, which explains the project’s utility and scope.

To buy $SNORT, visit the presale’s official page, connect your wallet (they recommend Best Wallet), and buy with $ETH, $USDT, $USDC, $BNB, or fiat.

Should You Buy Snorter Token ($SNORT)?

Going by how the presale is going (whales are showing increasing interest) and the project’s utility long-term, Snorter Token looks like a winner in our books.

What we know for sure is that, if Snorter Token lives up to its expectations and experiences widespread post-launch adoption, we should see $SNORT outperform in the charts long-term.

Remember, this is not financial advice. You should always do your own research before investing (DYOR) and adopt robust risk management strategies along the way.

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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June 14, 2025 0 comments
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Video Game Actors' Strike Might End Soon After SAG-AFTRA Reaches Tentative Agreement Over AI And More
Game Updates

Video Game Actors’ Strike Might End Soon After SAG-AFTRA Reaches Tentative Agreement Over AI And More

by admin June 11, 2025


The video game actors’ strike that began last July over AI concerns and more may end soon. SAG-AFTRA has announced it has reached a tentative agreement with signatory game companies, including Activision Productions Inc., Blindlight LLC, Disney Character Voices Inc., Electronic Arts Productions Inc., Epic Games Inc., Formosa Interactive LLC, Insomniac Games Inc., Take 2 Productions Inc., and WB Games Inc. 

The agreement is subject to review and approval by the National Board and ratification by members in the coming weeks, and it is expected that the terms of a strike suspension agreement will be finalized with employers soon, according to SAG-AFTRA. When that agreement is finalized, the strike that began July 16 last year will end. However, until that agreement is finalized, the strike will continue. 

“Everyone at SAG-AFTRA is immensely grateful for the sacrifices made by video game performers and the dedication of the Interactive Media Agreement Negotiating Committee throughout these many months of the video game strike,” SAG-AFTRA national executive director and chief negotiator Duncan Crabtree-Ireland writes in a press release. “Patience and persistence have resulted in a deal that puts in place the necessary AI guardrails that defend performers’ livelihoods in the AI age, alongside other important gains.” 

In the same press release, SAG-AFTRA president Fran Drescher wrote, “Our video game performers stood strong against the biggest employers in one of the world’s most lucrative industries. Their incredible courage and persistence, combined with the tireless work of our negotiating committee, has at last secured a deal. The needle has been moved forward and we are much better off than before. As soon as this is ratified, we roll up our sleeves and begin to plan the next negotiation. Every contract is a work in progress and progress is the name of the game.” 

The aforementioned strike began last July after SAG-AFTRA members approved a strike authorization in September of 2023 with a 98.32% yes vote. Though SAG-AFTRA executives sound happy about the agreement, we won’t know how it specifically addresses AI and other concerns that led to the strike until the ratification materials are officially released in the coming weeks. 



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June 11, 2025 0 comments
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Snorter Token Next 100x Crypto to Stake as Staked Ethereum Reaches ATH?
NFT Gaming

Is Snorter Token Next 100x Crypto to Stake as Staked Ethereum Reaches ATH?

by admin June 10, 2025


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

Around 34.69M $ETH is currently staked on the Beacon Chain.

That’s a full 30% of Ethereum circulating supply, and might be part of the reason why Ethereum’s up 7% over the past month.

In short, staking is good if you’re an $ETH investor.

The situation proves one of crypto’s biggest selling points – the ability to generate long-term passive rewards from existing assets.

Staking, in other words.

If you’re already staking Ethereum, what’s the next crypto to add to your staking portfolio? And why stake instead of selling?

We’ll answer those questions below.

Crypto Staking Demonstrates Long-Term Commitment

Think of staking like earning interest on a savings account. But instead of dollars or euros, you’re keeping cryptos like Ethereum or Solana in the account. And earning passive income while doing nothing.

However, unlike fiat savings, which often depreciate because of inflation (and the interest can barely offset that), staked cryptos do the oppposite. They often appreciate while also earning interest.

Stake $ETH, for instance, and it might explode over time, increasing in value while you keep earning more $ETH passively.

Staking a cryptocurrency (whether $ETH or a crypto presale token) also supports the long-term future of that token by enhancing security and improving decentralization.

It also establishes a healthy foundation for the blockchain to grow on. That’s because by staking, users have a vested interest in seeing the ecosystem and token grow consistently.

Case in point, Ethereum’s currently experiencing a surge toward $2.8K, and the significant staked portion of its supply (30%) could have played a part in that.

And when it comes to crypto presales, where tokens sell before the project launches on exchanges, the potential yield can be truly impressive – as with $SNORT’s current 487% dynamic APY.

Speaking of Snort Token, here’s why it could be one of the best crypto to stake because of its sky-high staking APY and practical utility on Ethereum and Solana.

Snorter Token ($SNORT) – Sniff Out the Best Trades, Earn 487% APY Along the Way

Snorter Token ($SNORT) powers the Snorter Bot, the best way to find hidden deals on Solana memecoins. Often traded on ‘underground’ platforms like Telegram, some of the best Solana meme coins are easily overlooked – 10x and 100x opportunities that even seasoned traders can overlook.

But not anymore. The Snorter Bot finds those underground deals, sniffing them out to deliver the best returns possible.

Snorter Bot deploys automatic sniping and fast swaps to snag the best opportunities, while limit orders (stop loss and take profit) reduce risk from fast-moving, low cap coins.

Copy trading even lets you find and imitate other successful traders. And honeypot detection and rugpull protection let traders avoid common pitfalls that could lead to losing your investment.

The Snorter Token – $SNORT – gives access to the planned Telegram dashboard and facilitates token swaps. Importantly, it also lets you stake tokens for a 487% dynamic APY.

Yield from staked $SNORT will be disbursed over one year from the end of the presale, at the rate of 9.51 $SNORT per $ETH block.

Roughly 5.1B $SNORT tokens are currently being staked, a little over 1% of the total supply of 500B. That means now is the best time to buy and stake $SNORT, as the dynamic APY will fall the more people stake their tokens.

The Snorter Token presale has raised $650K, with tokens priced at $0.0947. Learn how to buy Snorter Token with our guide.

Will Sky-High APY Supercharge Snorter Bot Presale as $ETH Staking Increases?

Even as $ETH’s price rises, the stage is set for the best meme coins and crypto presales – like Snorter Bot – to take off. Could $SNORT 100x on the back of sky-high staking yield? It might, given enough community support.

But remember isn’t financial advice – always do your own research.

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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June 10, 2025 0 comments
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SAG-AFTRA reaches tentative agreement with major games companies to end strike
Esports

SAG-AFTRA reaches tentative agreement with major games companies to end strike

by admin June 10, 2025


SAG-AFTRA has reached a tentative agreement with a bargaining group including some of the industry’s largest studios and publishers.

The agreement for its Interactive Media Contract is now “subject to review and approval by the national board and ratification by the membership council”.

Specific details of the terms will be released once these actions have taken place.

The terms of a strike suspension agreement is also expected to be finalised with employers. SAG-AFTRA members will remain on strike until an agreement has been reached.

The bargaining group with whom SAG-AFTRA has been negotiating with includes representatives from Activision, Blindlight, Disney Character Voices, Electronic Arts, Epic Games, Formosa Interactive, Insomniac Games, Take 2 Productions, and WB Games.

“Everyone at SAG-AFTRA is immensely grateful for the sacrifices made by video game performers and the dedication of the Interactive Media Agreement Negotiating Committee throughout these many months of the video game strike,” said SAG-AFTRA national executive director and chief negotiator Duncan Crabtree-Ireland.

“Patience and persistence has resulted in a deal that puts in place the necessary AI guardrails that defends performers’ livelihoods in the AI range, alongside other important gains.

“Thank you, Interactive Media Agreement negotiating chair Sarah Elmaleh and chief contracts officer Ray Rodriguez for your hard work and advocacy in pursuit of this contract.”

“Their incredible courage and persistence […] has at last secured a deal. The needle has been moved forward and we are much better off than before”

Fran Drescher, SAG-AFTRA president

SAG-AFTRA president Fran Drescher added: “Our video game performers stood strong against the biggest employers in one of the world’s most lucrative industries.

“Their incredible courage and persistence, combined with the tireless work of our negotiating committee, has at last secured a deal. The needle has been moved forward and we are much better off than before.”

Drescher concluded: “As soon as this is ratified we roll up our sleeves and begin to plan the next negotiation. Every contract is a work in progress and progress is the name of the game.”

Back in September 2023, 98% of union members voted to authorise a strike to protect video game actors and performers against generative AI and to ensure job security.

The strike officially began last July following a year and a half of negotiations about the Interactive Media Agreement without reaching a deal.

SAG-AFTRA issued an update about its strike earlier this year, noting that it remained “frustratingly apart” from the bargaining group.

Though it did note it found “great success with other employers”, highlighting that 160 upcoming games had signed up to its interim and independent agreements.

“Those agreements contain the protections we have been asking the bargaining group for – terms that are clearly feasible and acceptable to a great number of game companies of all sizes, even as the bargaining companies resist,” the union said.

SAG-AFTRA recently published counterproposals during its ongoing negotiations regarding performer rights and AI.

This included a “revised approach to the secondary performance payment (SSP) and questioning the video game employers’ parameters of when it would be acceptable to seek a ‘vocal digital replica […] in lieu of a performer’.”



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June 10, 2025 0 comments
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SHIB Reaches New All-Time High in This Key Metric
NFT Gaming

SHIB Reaches New All-Time High in This Key Metric

by admin June 7, 2025


According to X user @Etherscan_SHIB, the second-biggest meme cryptocurrency in terms of market capitalization value, Shiba Inu, has seen a large increase in the total number of its on-chain holders.

The tweet has reported that on June 7, this major metric of SHIB has reached a historic peak of 1,510,290 – “the highest ever recorded!” the tweet says, “SHIB continues to grow with unstoppable momentum.”

Compared to the last week of May, the growth registered now constitutes slightly more than 3 million with the metric showing 1,507,310 back on May 24.

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Trillions of SHIB poured to Coinbase this week

According to the popular blockchain tracker Whale Alert, this week, three massive chunks of more than 2 trillion SHIB coins each were transferred to the institutional branch of the major US cryptocurrency exchange Coinbase – Coinbase Institutional.

Eleven hours ago, the platform was hit with a 2,542,712,471,794 SHIB transfer worth $31,651,684. On June 5, 2,869,483,918,550 SHIB valued at $36,603,136 was deposited into the same exchange. A similar SHIB chunk was also transferred there a few days before that, which now bring it to roughly 7.5 trillion Shiba Inu hitting Coinbase Institutional this week.

All three transactions were made from wallets which Whale Alert tagged as unknown. Since this the destination was Coinbase Institutional, it is likely that a large crypto whale was preparing a major SHIB sell-off, deciding to cut down his SHIB position radically.



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June 7, 2025 0 comments
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WisdomTree’s Ethereum Fund Reaches $300 Million: Details
NFT Gaming

WisdomTree’s Ethereum Fund Reaches $300 Million: Details

by admin June 5, 2025


 

WisdomTree’s WTGXX digital fund, which runs on Ethereum and tracks government money market funds, has reached $300 million in AUM, according to data from Token Terminal. This shows that the value of the fund has grown enormously over just a few months.

It shows that combining traditional methods with advanced blockchain technology can bring big rewards. All the WTGXX funds are secured by U.S. government securities and use the Ethereum blockchain.

Unlike many regular savings accounts, this fund is decentralized and usually gives higher payouts for its customers. The increase in its AUM from a tiny fraction to $300 million in a short time shows that investors have a lot of trust in the fund.

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If big players are pouring money in, it might be a hint that smaller investors could benefit too. This growth highlights the potential of cryptocurrency-related investments.

Those willing to dip their toes into Ethereum or similar funds might ride the wave of this upward trend. More financial companies might develop products using Ethereum, which could result in additional investment choices.

The $300 million amount shows a clear change in the way we manage our finances. Finance is changing from the previous process, and only knowledgeable investors could join and benefit from the developments.

Ethereum price remains above $2,600

As of today, Ethereum is worth $2,612.72 and has gone up by 0.11% from its price yesterday. Even though the change seems small, it helps show that the market is still finding some stability.

Source: CoinMarketCap

Trade volume was $18.57 billion, which was 2.72% less than that of the previous day. The figure shows there is a small slowdown in activity, but nothing major to worry about.

Ethereum price showed both increases and decreases across the day. Price dropped below $2,600 in the early trading session, but it recovered to $2,670 and has now settled back to around its earlier value.

Trading interest relative to the size of the asset is considered moderate since the 24-hour volume-to-market-cap ratio is at 5.61%. Ethereum seems to be in an area of cautious hope.

Ethereum price staying above $2,600 proves it is resilient despite low volatility. Although the movement isn’t significant right now, it shows that the Ethereum network is getting steadier following weeks of no clarity in price trend.



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June 5, 2025 0 comments
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