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XRP Ledger: Ripple Exec Reveals Institutional Playbook
NFT Gaming

XRP Ledger: Ripple Exec Reveals Institutional Playbook

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In the second episode of RippleX’s Onchain Economy series, RippleX Product Director Jazzi Cooper unveils the blueprint for institutional finance on-chain.

Cooper details three core features of XRP Ledger, including multipurpose tokens (MPTs), a permissioned DEX and a native lending protocol, regarded as the blueprint for institutional finance on-chain.

The future of DeFi isn’t just about decentralization; it’s about credit, compliance, and confidentiality at scale.

Episode 2 of the Onchain Economy series just dropped, and @jazzicoop details 3 core features of the XRPL:
↳ Multi-Purpose Tokens (MPTs)
↳ Permissioned DEX
↳… pic.twitter.com/Je84HOBAtP

— RippleX (@RippleXDev) October 3, 2025

According to the RippleX product director, XRP Ledger already has payment capabilities (obviously essential for cross border payments), but in a bid to replicate traditional finance or bring more use cases onto the blockchain, the need for credit origination remains clear, with XRPL’s approach a little bit different than typical DeFi ecosystems.

MPTs

Multipurpose tokens (MPTs) went live on the XRP Ledger mainnet this week. MPT is a new native token standard designed to make issuing real-world assets on-chain far simpler, safer and more aligned with how financial institutions operate.

MPTs are created with compliance controls built in so that issuers can enforce KYC/AML, freeze or claw back assets if required, add metadata like bond terms or reserve attestations and manage distribution securely with multi-sig and escrow.

Permissioned DEX and domains

According to Cooper, the permissioned DEX is a neat feature that builds on a couple of different capabilities of XRP Ledger. Permissioned DEX extends XRPL’s decentralized exchange into regulated contexts, enabling secondary markets for RWAs or FX with full AML/KYC controls.

Permissioned domains allow markets to gate participation based on credentials, creating user-controlled environments. According to Cooper, permission domains basically allow users to create a ring fence around a protocol on XRPL to add in various compliance features.

Lending protocol

Cooper spoke about a new lending protocol coming to XRP Ledger, which will allow for credit origination on-chain. The launch of XRPL’s native lending protocol is expected in XRPL version 3.0.0 release later this year.

This protocol, defined in the XLS-65/66 specifications, introduces pooled lending and underwritten credit directly at the ledger level.





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A Newly Discovered ‘Einstein’s Cross’ Reveals the Existence of a Giant Dark Matter Halo
Gaming Gear

A Newly Discovered ‘Einstein’s Cross’ Reveals the Existence of a Giant Dark Matter Halo

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The gravitational lensing not only splits the light source, but magnifies it, allowing a detailed view of the light source behind the lens. Thanks to this, the team says that HerS-3 appears to be a bright starburst galaxy—a galaxy undergoing explosive star formation—and was formed at a time when star formation was at its peak throughout the universe. HerS-3 also has a tilted, rotating disk, from the center of which gas is gushing out at a furious rate, the team say.

“Thanks to this natural telescope, we can zoom into regions 10 times smaller than the Milky Way, almost 12 billion light-years away, and in the process infer hidden matter in the light-of-sight,” said Hugo Mesias, a coauthor of the paper, in a statement.

A Giant Dark Matter Halo Revealed

At first glance, the Einstein’s cross of HerS-3 appears to have been created solely by gravitational lensing generated by the four giant galaxies located between HerS-3 and Earth. However, using a precise model of gravitational lensing, the team found that the observable mass of these four giant galaxies is insufficient to explain the arrangement of the five images of the cross: their mass is simply not great enough to produce the visual effect seen.

“The only way to reproduce the remarkable configuration we observed was to add an invisible, massive component: a dark matter halo at the center of the galaxy group,” said lead author Pierre Cox, from the Institut d’Astrophysique de Paris.



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Tokenized stocks dominated by only two firms
Crypto Trends

Tokenized stock market dominated by only two players, study reveals

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The tokenized stock market is expanding fast, yet nearly all activity is concentrated in Backed and Ondo Global Markets, which dominate trading with popular U.S. tech shares and ETFs. While most offerings are synthetic, platforms exploring true ownership are emerging.

Summary

  • Tokenized stocks are growing quickly, but the market is almost entirely dominated by Backed and Ondo Global Markets.
  • Most of these tokenized stocks are synthetic, tracking popular U.S. tech shares and ETFs on Ethereum and Solana, while only a few platforms, like Superstate Opening Bell, are experimenting with giving investors true ownership.
  • The rapid growth shows blockchain can attract investors fast, but the market remains highly concentrated, and questions about legal status, custody, and pricing persist.

The market for tokenized stocks is growing rapidly, yet almost all of it is dominated by just two companies, with Animoca Brands Research reporting that Backed and Ondo Global Markets together account for 95% of the total market value as of September, a level of concentration that is hard to ignore.

Tokenized stocks are digital versions of regular company shares. They let people trade stocks anytime on blockchain platforms like Ethereum and Solana. It makes investing more flexible and accessible.

Tokenized stocks on-chain | Source: Animoca Brands Research

According to Animoca Brands’ research called “State of Tokenized Stocks,” the on-chain market value of tokenized stocks, excluding EXOD, is about $127 million, which is 14 times higher than earlier this year. Including EXOD, which represents tokenized shares of Exodus Movement Inc., the total rises to $342 million.

The growth, according to the report, mostly comes from Backed’s xStocks and Ondo Global Markets.

Backed and Ondo Global Markets have focused on a handful of popular U.S. tech stocks and broad market ETFs like the S&P 500 and Nasdaq 100. By sticking to well-known assets, they make it easy for investors to understand and trade these tokens, the analysts explain, noting that most tokenized stocks are currently traded on Ethereum and Solana. As of press time, there are two main ways to create tokenized stocks:

  • Synthetic structure: This model tracks the price of a stock but doesn’t give the investor actual ownership rights. Backed and Ondo Global Markets use this approach, allowing investors to see the stock move in value without handling the underlying share directly.
  • Native issuance: This type gives investors true ownership rights, similar to holding the actual stock. Superstate Opening Bell is trying this model, starting with Galaxy Digital’s GLXY stock. As Animoca Brands Research explains, Backed and Ondo Global Markets are “key tokenization platforms/issuers using synthetic structures, while Superstate Opening Bell is exploring native issuance, starting with Galaxy stock.”

Backed and Ondo Global Markets have stayed ahead because they were first to launch, Animoca says, adding that they picked popular assets and built platforms that are simple to use. But their dominance also shows that the market is still very concentrated. As Animoca notes, together both Backed and Ondo “account for 95% of the market value.” While other platforms are trying to enter, right now, they make up only a small part of the market.

Tokenized stocks on-chain | Source: Animoca Brands Research

The growth of tokenized stocks also shows how new blockchain products can attract investors quickly. Backed’s xStocks and Ondo Global Markets provide exposure to widely recognized companies, which makes it easier for investors to try blockchain trading without taking on too much risk. But it’s not the same thing as native issuance.

Superstate Opening Bell is experimenting with giving investors actual ownership rights, with the report saying this approach might eventually unlock investors ‘true ownership rights.’

Pre-IPO stocks on Solana

Animoca Brands’ report mainly focuses on public stocks, leaving out private companies or other financial products. That matters because other projects are pushing private shares into retail rails. For example, decentralized trading platform Jupiter recently integrated tokenized pre-IPO stocks to its platform through a tie-up with PreStocksFi, allowing users to trade tokens tied to names like SpaceX, OpenAI, and Anthropic on Solana.

Those tokens are issuer-created tradable claims rather than literal company certificates, and some large holders can request redemption for (USDC) under certain conditions. Redemptions usually require KYC and are handled off-chain through the issuer or an SPV, and liquidity is provided on DEXes like Jupiter and Raydium, so retail traders can buy and sell around the clock.

While that setup works in practice, it also raises concrete questions about legal status, custody, and how prices are set when there is no public market for the underlying shares.



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Sega reveals its limited-edition trainer collaboration with Puma and they're far cooler than I expected
Game Updates

Sega reveals its limited-edition trainer collaboration with Puma and they’re far cooler than I expected

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Sega has revealed its limited-edition trainer collaboration with Puma, to celebrate the release of Sonic Racing: CrossWorlds.

Puma already showed off the trainers back in August, but Sega has now unveiled the full capsule collection.

While Sonic gets a custom pair of Puma Inhale trainers, Shadow and Tails have their own version of the Puma Inverse. These come in blue, black, and yellow – according to the characters’ colours – and have various swappable features. I’m quite partial to the gold ring in the laces, myself.

Sonic Racing Crossworlds REVIEWWatch on YouTube

In addition, Puma is releasing some apparel too, which “blends motorsport styling with graphic cues inspired by racing and design elements from Sonic Racing: CrossWorlds”.

The collection includes a hoodie, a jacket, t-shirts, and even a bum bag (or fanny pack, for those of you in the US).

The collaboration also goes the other way, with Puma-designed in-game decals with which to customise vehicles in Sonic Racing: Crossworlds. These will be added to the game for free.

The trainer and clothing collection launches on 30th October and will be available from the Puma online store, flagship stores, and selected stockists. The UK prices are yet to be confirmed.

And frankly, compared to Nike’s furry Donkey Kong trainers or the absolutely vile Animal Crossing Crocs, these Sonic-themed trainers are footwear I will happily slip my feet into.

Image credit: Sega / Puma

Image credit: Sega / Puma

Image credit: Sega / Puma

As per leaks last month, Sonic and Shadow sneakers are also expected to make their way into Fortnite soon.

Sonic Racing: CrossWorlds is out now across all major platforms. Our review praised its “exquisite handling model” despite all the chaos.



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Whales Keep Stacking Aster: Data Reveals 8% Controlled By Two Wallets
GameFi Guides

Whales Keep Stacking Aster: Data Reveals 8% Controlled By Two Wallets

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

Aster is cooling off after a week of explosive gains, losing more than 35% of its value since hitting an all-time high just days ago. The sharp correction has triggered caution among traders, but it also reflects natural profit-taking after such a rapid surge. Despite the retracement, sentiment in the market remains constructive, with many investors still anticipating further upside in the coming weeks.

One of the main drivers behind this optimism is whale activity. Onchain data shows that large holders continue to accumulate Aster during the dip, a signal that often strengthens confidence in the asset’s long-term outlook. Their consistent buying suggests conviction in the project’s fundamentals, even as price action cools in the short term.

Meanwhile, excitement around Aster continues to build. The platform has generated strong traction, and community interest has yet to fade despite the recent pullback. This combination of whale accumulation and growing DEX momentum highlights why many see the correction as an opportunity rather than the end of the rally.

Whale Accumulation Strengthens Aster’s Position

Fresh on-chain data highlights that whales continue to build significant exposure to Aster. According to Lookonchain, wallet 0xFB3B withdrew another 3.19 million ASTER — worth approximately $5.27 million — from Gateio just six hours ago.

Combined with another large holder, the two wallets now control 132.78 million ASTER, valued at $218 million. This concentration represents 8.01% of the circulating supply, underscoring the confidence whales have in its long-term trajectory.

Such activity comes at a time when the broader market is buzzing with what many call “DEX season.” Decentralized exchanges have drawn increasing attention as traders seek alternatives to centralized platforms and look for more transparency, control, and composability. Perpetual DEXs in particular have surged in popularity, with projects like Hyperliquid and Avantis capturing strong user interest.

Aster, however, is positioning itself firmly in this competitive landscape. Despite recent volatility and a 35% pullback from its all-time high, the project continues to attract capital and community engagement.

Whale accumulation suggests that sophisticated investors see Aster as one of the contenders capable of holding its ground alongside leading perpetual platforms. Its growing liquidity base and active ecosystem make it well placed to capture a share of the demand fueling the current decentralized trading boom.

In short, while short-term price action remains choppy, whale activity and the ongoing DEX narrative provide strong tailwinds. If Aster sustains momentum and continues to scale, it could solidify itself as a serious competitor in the battle for dominance among next-generation perpetual DEXs.

Aster Rebounds After Sharp Correction

Aster is trading around $1.72 after a steep decline from last week’s all-time high above $2.60. The 2-hour chart highlights the intensity of the recent correction, with price falling more than 35% in just a few days before finding support near the $1.55 zone. This level acted as a short-term floor, triggering a rebound as buyers stepped back in.

Price Testing Critical Resistance | Source: ASTERUSDT chart on TradingView

Currently, ASTER is attempting to reclaim ground above its short-term moving average (blue), but momentum remains fragile. Volume spikes during the sell-off show that profit-taking dominated market activity, while the rebound so far has come with lighter volume, suggesting that conviction among buyers has not yet fully returned. The $1.80 level now stands as the first key resistance. If bulls can push through it, the next challenge lies around $2.00, where the 100-period moving average (green) is converging.

On the downside, failure to hold $1.60 could invite another wave of selling, potentially dragging ASTER toward $1.40. Despite this short-term weakness, the broader trend remains fueled by whale accumulation and rising interest in Aster’s DEX ecosystem. If momentum stabilizes, the rebound could evolve into a stronger recovery in the coming sessions.

Cover image from ChatGPT, ASTERUSD 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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hasan in front of a plant while streaming on twitch
Esports

Hasan reveals he won’t attend TwitchCon over safety concerns as more streamers back out

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Twitch streamer Hasan is the latest content creator saying he won’t attend TwitchCon, stating that his presence could put others at risk.

TwitchCon is set for October 17-19 in San Diego, California. The annual event gives streamers and viewers a chance to interact in-person, but this year, fans will be without some of the biggest stars.

Notably, Valkyrae and QTCinderella said they were “afraid” to attend the event and will be staying home due to safety issues. QT in particular cited a situation where a creator was stabbed to death in Japan.

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While Twitch CEO Dan Clancy dismissed the concerns, stating that they take security “extremely seriously” and prevent users who are banned on the platform from attending, it has done little to change opinions.

On September 29, political streamer Hasan revealed he too, will be ditching TwitchCon 2025, seemingly referencing the assassination of Charlie Kirk as the catalyst for his decision.

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Hasan backs out of TwitchCon 2025

In response to a fan who said they miss the “social Hasan era,” the streamer explained that he believes his appearance could put the whole event in danger.

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“There is, unfortunately, an obvious setback there. One, all the political incidents that have taken place. And two, how those political incidents have had pretty significant consequences in how much I can go out in the real world and socialize with other people,” he said.

On September 10, right-wing YouTuber and political activist Charlie Kirk was assassinated while speaking at Utah Valley University.

According to Hasan, that means he won’t be going to TwitchCon, but claims it’s not because he’s afraid of his own safety.

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“I’m literally not going to TwitchCon because I’m afraid of the safety of others. I don’t want to put them in the f**king crosshairs if some psycho freak decides, ‘I’m gonna go there.’ I’m very publicly not going to TwitchCon for that reason.”

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Hasan has had a controversial history on Twitch. In 2024, he showed a video about the Houthi Movement to fellow Twitch streamer Nmp, which sparked considerable backlash from viewers. The group has been designated as a Terrorist Organization by the US State Department.

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The site’s CEO, Dan Clancy, also faced calls by Democratic Rep. Ritchie Torres to “stop popularizing those who popularize antisemitism,” singling out Hasan’s content, specifically.

Meanwhile, fellow Twitch streamer Asmongold has urged women not to attend TwitchCon and took aim at the platform’s claims that it takes security seriously.

“Last year, nmplol and wake were sexually assaulted by a streamer and Twitch didn’t press charges or pursue any form of legal action against him,” he blasted. “If I was a woman, I would never go to TwitchCon.”

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Wolf Haus Games Reveals Co-Op Dark-Comedy Survival Game JOIN US at PC Gaming Show Tokyo Direct
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Wolf Haus Games Reveals Co-Op Dark-Comedy Survival Game JOIN US at PC Gaming Show Tokyo Direct

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MONTREAL  — September 28, 2025 — Today, during the PC Gaming Show Tokyo Direct, independent Montreal, Quebec-based studio Wolf Haus Games revealed JOIN US, a darkly satirical, story-rich survival game that lets players build and command their own doomsday cult to prepare for the coming apocalypse. Not your average survival game, JOIN US combines a strong game loop and novel mechanics to create an ambitious and culturally relevant single or multiplayer experience. Design your cult’s belief system and recruit new followers into a fresh, fully authored narrative that adapts to player choices.Wolf Haus Games’ debut project, JOIN US, embodies the team’s passion for grindhouse cinema, refreshing sense of humor, and over 150 years of combined experience working on feature films, major music videos, and more than 100 AAA video games. You’ll get your chance to “JOIN US”  when the game launches next year on PC.

In JOIN US, players take the role of a devout member of a doomsday cult, sent to establish a new chapter of their cult in rural Bedford County, USA. While you must heed the wise words of The Leader, this “franchise” is yours to command and shape as you please; think of it like you’re franchising a Burger King, or a KFC. You are free to explore the open world as you recruit followers, design your own robust belief system, and scale up a compound to accommodate your growing ‘family.’ Not everyone will take kindly to outsiders, so you might be forced to protect your compound… by any means necessary (including but not limited to flamethrowers and battle-pigs). 

With an Apocalypse just around the corner, you’ll want your compound to be well-stocked with the essentials: food, supplies, and ammunition. But your most important resource is your followers. After all, a cult leader with no followers is just a lonely weirdo. Get the word out with propaganda, and you can recruit poor, lost souls to a better life. As your forces grow, so will your territory; take the fight against non-believers to their doorstep to extend your cult’s territory.

Experience the immersive narrative campaign in single player or up to four-player co-op as you conquer the game’s dynamic open-world environment. Whether you roll solo or recruit your friends, cult life is your calling, and the end of the world is nigh (which, if you’re a doomsday cult, is a good thing, right?).


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Nintendo's own Zurich Pop Con display reveals five Lego games are getting Switch 2 ports
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Nintendo’s own Zurich Pop Con display reveals five Lego games are getting Switch 2 ports

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A number of Tt Lego games could be on the way for Nintendo Switch 2, including Lego games based on notable franchises like Star Wars and Harry Potter.

Whilst not confirmed by either Nintendo or Lego directly, an eagle-eyed fan spotted a number of classic Lego games advertised under the Switch 2 banner at Zurich Pop Con over the weekend. Of the five games included on the banner, not a single one has been formally announced for Switch 2, although all are available on the OG Switch.

Nintendo Switch 2 – Is It Good?Watch on YouTube

However, all five games included on the banner – LEGO City Undercover, LEGO Star Wars: The Skywalker Saga, LEGO Jurassic World, LEGO Harry Potter Collection, and LEGO DC Super-Villains – are clearly badged beneath a Switch 2 logo.

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With several other images purportedly taken at the same event, it would appear to suggest the image is authentic, leading many fans to hope a formal announcement is coming soon. Until then, of course, all we can do is chalk this up to a convincing rumour and wait for the official reveal.

If you’re looking for the best deals for Switch 2 memory cards, cases, chargers, and other peripherals like headsets, webcams and controllers, we’ve got you covered. Earlier this week, we learned Nintendo of America president Doug Bowser is set to retire at the end of the year, and will be succeeded by the company’s first female president, Devon Pritchard.



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Atlanta reveals the lineup for 2026
Esports

Atlanta reveals the lineup for 2026

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Wizards of the Coast has revealed all but one of the sets for 2026. You can find the full announcement here, but first, let’s take a look at the holiday release of Final Fantasy:

Final Fantasy Holiday Release

The Final Fantasy set is getting an addendum in the form of a holiday release later this year. The Chocobo Bundle, four Scene Boxes, and a new variation of the Commander decks join the product lineup.

The Chocobo Bundle includes new versions of new and old cards.

The four scene boxes feature all-new cards for the Final Fantasy Commander set:

There’s also a new version of the Commander decks coming that features a code for the game it represents:

With the last of Final Fantasy out of the way, let’s dive into 2026:

Lorwyn Eclipsed – January 23rd

We’re kicking off the year with a turn to the idyllic realm of Lorwyn with Lorwyn Eclipsed. For years, fans have been asking us to head back to the plane of kithkin, boggarts, and all sorts of strange creatures. Now, you can join a cohort of Strixhaven students on their journey through this pastoral plane.

The other half of the Shocklands join into Standard and has even been influenced by the plane:

An Upcoming Universes Beyond Set

We’ll be unveiling our second set of 2026 at New York Comic Con on October 10, 2025.

This set will be available on tabletop and MTG Arena. Once we announce what this set is, we’ll publish all the reveals right here on DailyMTG.

I find this fascinating that whatever property this is hasn’t been revealed yet and is important enough not to reveal at a MagicCon. We will have to wait until October 10th to see what it is.

Secrets of Strixhaven – April 2026

Class is back in session with Secrets of Strixhaven! We’re returning to Arcavios and the greatest school in the Multiverse, Strixhaven University. Our adventure-hungry cohort from Lorwyn Eclipsed is hitting the books for a new academic adventure. This time, we’ll be taking a closer look at off-campus life as these brave students explore what lies beyond the walls of their colleges.You can explore Strixhaven when this set releases in April. Additionally, we’re excited to announce Strixhaven: Omens of Chaos, a brand-new young-adult novel written by Seanan McGuire. This novel will follow a different group of Strixhaven students in their quest to discover who they’re meant to be—and where, in the wide Multiverse, they might belong. We’ll share more about this novel in the future, but for now, check out the cover and this Command Tower promo card that comes with the novel.

Magic: The Gathering | Marvel Super Heroes – June 2026

Calling all Marvel fans! We’re assembling Earth’s mightiest heroes and beyond for Magic: The Gathering | Marvel Super Heroes, the next set in our collaboration with Marvel. This massive set draws upon characters from across the Marvel Universe, ranging from famous Super Hero teams to villains bent on world domination.

We’ll be revealing more about this team-up in the future when it’s time to assemble!

Magic: The Gathering | The Hobbit – August 2026

While it may not be an Unexpected Journey, we’re excited to announce that Magic is traveling back to Middle-earth for Magic: The Gathering | The Hobbit. Follow the intrepid burglar Bilbo Baggins and his party on their journey to the Lonely Mountain (and back again). Prepare to battle flesh-eating Trolls, tell Riddles in the Dark, and confront Smaug himself when Magic: The Gathering | The Hobbit releases worldwide on tabletop and MTG Arena next August.

Reality Fracture – October 2026

Years of subtle machinations will finally shatter the facade, revealing a villain you’ll have to see to believe. But not just yet. More will be unveiled soon enough …

We’ll have more to share about Reality Fracture in the future. For now, keep an eye on Magic Story to see how this saga unfolds.

Magic: The Gathering | Star Trek – November 2026

Our final Magic set of 2026 takes us to the final frontier. Magic: The Gathering | Star Trek invites players on a journey across the stars. This set will be warping into your hands in November 2026. Featuring characters, stories, and (of course) spaceships from the entire franchise, this set has something for every Star Trek fan.Magic: The Gathering | Star Trek will make the voyage to tabletop Magic and MTG Arena next year, and we’ll have more to share about this set in the future. Until then, prepare to boldly go where no Magic set has gone before.


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New Code Vein II Trailer Reveals It's Coming In January
Game Updates

New Code Vein II Trailer Reveals It’s Coming In January

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We’re only a handful of months removed from Code Vein II’s announcement during Summer Game Fest, but we already know when fans of the original can get their hands on it. Those looking to ring in the new year with style will be happy to know the upcoming Soulslike action game is coming on January 30.

A new trailer was revealed during today’s PlayStation State of Play, showing off protagonist Tokugawa Takechiyo, forced from the shogunate throne, who confronts his rebellious brother Tokugawa Kunimatsu in battle. The time-traveling adventure takes players across multiple eras to hunt monsters called Horrors, where players can change the fates of key characters as they slice and dice enemies using the game’s unique blood-draining combat system. You can also join forces with various allies who lend unique abilities to the fight. 

 

Code Vein II will be available on PlayStation 5, Xbox Series X/S, and PC on January 30. 



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