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Product Reviews

Abxylute will sell an absurd 3D handheld from Intel and Tencent Games for “under $1,700”

by admin August 23, 2025


As the handheld PC boom has taken off, companies have tried to push the boundaries of the Steam Deck form factor Valve helped popularize. Lenovo tried detachable controllers. Acer is trying an 11-inch screen. And Abxylute is apparently combining them both (and then some) into the Abxylute 3D One, which The Verge reports features an 11-inch, glasses-free 3D display and detachable controllers, all for “under $1,700.”

The Abxylute 3D One is based on a hardware prototype co-developed by Intel and Tencent that the companies demoed at CES 2025. The prototype, dubbed the “Sunday Dragon 3D One,” featured a display that used eye-tracking to achieve its 3D effect. The version Abxylute is selling seems to be offering more or less the same features, with an Intel Lunar Lake chip, 32GB of LPDDR5X RAM, an 120Hz display and a built-in kickstand.

The Abxylute 3D One’s controllers can detach like Joy-Cons, which leaves it looking like a chunky Surface Pro.

(Abxylute)

“Abxylute claims the product’s specifically optimized to deliver 3D for 50 of the top Steam games,” The Verge writes, though it can also be used for more than gaming if you’re desperate. The Abxylute 3D One will include software for converting 2D photos and video to 3D, and a detachable keyboard accessory complete with a trackpad.

No part of what Abxylute is offering here seems particularly practical, but if you like 3D and are into the company’s maximalist approach, you could be getting a deal. Acer’s 11-inch handheld, the Acer Nitro Blaze 11, starts at $1,100. A 3D laptop like the ASUS ProArt Studiobook 16 starts at $2,000. The Abxylute 3D One could approximate the features of both for a fairly reasonable price in the middle.

That might not make up for the fact that it seems too heavy to hold for more than 30 minutes at a time, but you can put that to the test yourself when the Abxylute 3D One goes on sale in “late September or early October.”



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August 23, 2025 0 comments
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NFT Gaming

Billions in Ethereum Waiting to Be Unstaked Could Add Sell Pressure to ETH: Analyst

by admin August 17, 2025



In brief

  • A growing queue to unstake ETH could put sell pressure on Ethereum, according to a Bitwise analyst.
  • Ethereum’s validator exit queue hit 855,158 ETH worth roughly $3.7 billion on Friday. 
  • Ethereum’s price dipped more than 3% on Friday, shortly after the token nearly hit a new all-time high.

Ethereum holders are increasingly lining up to unstake their tokens, a trend that could put significant sell pressure on the cryptocurrency, according to one crypto expert.

The Ethereum blockchain’s validator exit queue hit 855,158 ETH on Friday—the highest it’s ever been, according to validatorqueue.com. The tokens were worth a combined $3.7 billion as of late Friday, according to data provider CoinGecko.

Staking is a process by which digital asset holders lock up their tokens to secure a blockchain network and earn rewards. Stakers may choose to unlock and reclaim their crypto amid uncertain market conditions, transferring them to comparatively risk-off assets or cashing out.

The Ethereum networks limits the amount of ETH that can be unstaked at a given time. The limit is designed to maintain network stability by preventing mass validator exits, which could disrupt the blockchain’s consensus mechanism. Currently, the queue is expected to take 15 days to clear.



The mounting queue of soon-to-be-unstaked ETH could be driving the asset’s recent retracement, Bitwise Senior Investment Strategist Juan Leon told Decrypt. The second-largest crypto asset by market cap has shed hundreds of dollars in recent days after coming close to setting a new all-time high mark.

The unstaked Ethereum queue could negatively affect ETH’s price, particularly if staked ETH trades at a discount to ETH, he explained.

“Tokens like stETH can trade at a discount. That discount reduces their value as collateral, triggering risk cuts, hedges, or even liquidations that lead to spot ETH selling,” Leon said.

He added that some trades may unwind as the unstaking queue grows, particularly if the cost to borrow ETH spikes.

When that occurs, “leveraged ‘stETH loop’ trades via liquidity pools on DeFi protocols stop being profitable,” Leon said. “Traders unwind by exiting positions and selling ETH to repay loans, creating synchronized sell pressure.”

Growing efforts to unstake ETH came shortly after the token on Thursday came within striking distance of its record price of $4,878 hit in November 2021, per data from CoinGecko. Since then, the altcoin has retraced its gains, weighed down by growing geopolitical uncertainty and a hotter-than-expected producer-price-index report from the U.S.

Despite concerns about Ethereum’s validator exit queue, Leon cautioned that a rise in ETH waiting to be unstaked doesn’t necessarily signal that the token’s price will continue to edge down.

“Unstaking doesn’t usually cause a sudden crash, but under stress it can act like a steady tap of new supply,” he said, “pressuring prices lower if it overwhelms new demand for ETH.”

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August 17, 2025 0 comments
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What Items Are Safe To Sell?
Game Updates

What Items Are Safe To Sell?

by admin June 26, 2025



Screenshot: Capcom / Samuel Moreno / Kotaku

Monster Hunter Wilds has two currencies for you to accumulate: Zenny and Guild Points. You’re more likely to run low on the latter, especially when you’re using the Rest mechanic to spawn in specific creatures. Still, it is possible to run out of Zenny if you’re not hunting regularly or know which of the hundreds of items and materials you should sell.

What Is Dragonsplague? Dragon’s Dogma 2’s Devastating Contagion Explained

Read More: What To Do When Monster Hunter Wilds Won’t Let You Rest

That’s why we’re here to help! This game can feel a bit obtuse at times, but there are certain items you’ll definitely want to sell, while other materials just don’t necessitate hoarding.

What items are safe to sell?

Screenshot: Capcom / Samuel Moreno / Kotaku

Not unlike other RPGs or other genres with an ungodly amount of materials and ingredients, Wilds isn’t short on things you can trade for money. Items marked as Trade-in Materials are specifically meant to be sold and nothing else. Here is a list of every Trade-in Material, how to get them, and how much Zenny they can net you:

  • Krano Copper: Found by hunting low-rank Kranodath. Worth 500z
  • Krano Pyrite: Found by hunting high-rank Kranodath. Worth 1500z
  • Gilded Scale: Reward for fishing a Goldenfry. Worth 500z
  • Golden Scale: Reward for fishing a Goldenfish. Worth 1000z
  • Platinum Scale: Reward for fishing a Platinumfish. Worth 2000z
  • Steel Egg: Purchase from the Support Ship or acquire through Nest Trinkets. Worth 1000z
  • Silver Egg: Purchase from the Support Ship or acquire through Nest Trinkets. Worth 10000z
  • Golden Egg: Purchase from the Support Ship or acquire through Nest Trinkets. Worth 20000z

Since their only purpose is to be sold, you’ll only see these items in the Sell Items menu that’s accessible through merchants or your camp. Trade-in Materials are categorized under the Special Items/Other tab. If you want to sell all your junk fast, press Triangle/Y to bring up the sub-menu, and then select Sell All Trade-in Materials.

What else can be sold?

It’s unlikely that you’ll run out of Zenny. Just completing hunts can provide more than you need. If they don’t, selling Trade-In Materials will yield a hell of a boost in funds. All that being said, you do have the choice to sell other things. Everything from ores and ingredients to weapons and armor can be traded for Zenny.

While there are certainly a lot of options, I would prioritize selling any low-rank armor you made and ingredients that you have a ridiculous amount of. Weapons can always be upgraded to higher rarities. Special items and materials you forage can be given to Item Traders for other rare assets. Even monster parts can be used to smelt ores if you don’t have any applicable weapons or armors to forge. Remember not to sell everything just because you can–plenty of stuff has other uses with the many mechanics of this game!

Monster Hunter Wilds is available now on PS5, Xbox Series X/S, and Windows PCs.



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June 26, 2025 0 comments
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Crypto Trends

Athena Bitcoin Clears Way For Early Investors to Sell Shares

by admin June 25, 2025



In brief

  • The filing registers 473 million shares for resale by early investors, insiders, and former employees.
  • Athena said it plans to uplist to a higher OTC tier but offered no timeline or operational update.
  • The company gained early prominence for being the first to deploy Bitcoin ATMs in El Salvador.

Athena Bitcoin Global, a U.S.-based crypto ATM operator with a focus on Latin America, has filed to register hundreds of millions of shares for resale by former investors, marking a potential exit tied to earlier debt financing.

The S-1 filing appeared on the SEC archives Tuesday, detailing how Athena would register 473 million common shares for resale by more than two dozen shareholders, including early backers, company insiders, and former employees.

Many of its shares were issued following the conversion of a secured convertible debenture, a type of debt instrument that can be converted into equity at a later date.

Athena said the registration would increase its profile “as a leading company in the international operation of Bitcoin ATMs” and potentially “make it easier to attract additional equity capital,” which it needs to fund its expansion.

The operator did not immediately respond to Decrypt’s request for comment.

The move enables investors to exit their position by selling shares they acquired through a prior debt agreement. While it would provide liquidity, it may also impact shareholder value.

Athena gained prominence in 2021 when it became the first operator to deploy Bitcoin ATMs in El Salvador.



Its stock trades under the ticker ABIT on the OTC Pink Market, the lowest tier of U.S. public markets, known for minimal disclosure requirements, limited liquidity, and heightened investment risk.

Despite prior plans, Athena said it has not yet applied for an uplisting to OTCQB or OTCQX, which impose stricter disclosure requirements, per the filing.

While convertible debenture conversions are standard in distressed or early-stage financing, they may introduce selling pressure, especially in thinly traded securities like Athena’s.

To date, its daily volume has fluctuated wildly from as low as $160 to $112,280, with a 65-day average of $10,367, according to data from Yahoo Finance.  Despite the volatility, its stock has consistently traded below $0.10, closing at $0.0394 on Tuesday.

Broader headwinds and El Salvador pullbacks

In its filing, the company acknowledged broader headwinds stemming from crypto market turmoil, citing the collapse of platforms such as FTX, Celsius, and Voyager as indirect factors impacting transaction volumes. 

FTX, Celsius, and Voyager were severely impacted during the previous crypto bear market, which occurred more than two years ago.

Although Athena said it suffered no “material direct impact,” it noted that these bankruptcies led to declines in crypto prices, trading volume, and user sentiment.

The combination of these drivers “could have been a contributing factor” to the decreased volume that it experienced after the bankruptcies.

Athena gained international attention for deploying Bitcoin ATMs during El Salvador’s rollout of BTC as legal tender, though El Salvador’s broader crypto strategy has faced international scrutiny, with fiscal reforms aimed at easing pressure from the IMF despite President Bukele’s continued defiance.

Edited by Sebastian Sinclair

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June 25, 2025 0 comments
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Final Fantasy MTG Cards Sell For Tons As Stores Price Gouge
Game Reviews

Final Fantasy MTG Cards Sell For Tons As Stores Price Gouge

by admin June 21, 2025


Magic: The Gathering’s Beyond Universes crossover with Final Fantasy offers a beautiful trip down memory lane with some really cool Commander cards and deck synergies to boot. It has also made everyone lose their minds as the best-selling expansion in the card game’s history sees prices skyrocket, including one collector asking $50,000 for the set’s rare Golden Traveling Chocobo.

I Didn’t Play Final Fantasy XVI ‘Right,’ And That’s OK

The Final Fantasy Universes Beyond set includes only 77 of these foil cards in total. They are similar to the One Ring from the Lord of the Rings MTG crossover that ended up selling for millions to Post Malone. While there are more of them, making them slightly less rare in theory, that also means there are more of them to be traded between collectors, and one of the Golden Traveling Chocobo cards that’s already been discovered was recently put up on eBay for $50,000.

It was Traveling Chocobo 41/77 to be precise, and it was technically listed for $200,000 initially, before its seller apparently thought better it Wargamer reports. It has since been sold for a “best offer,” so the final price is unclear, but according to the third-party tool 130point it may have been closer to $40,000. If accurate, that would actually made the entire set of 77 Gold Chocobos worth $3,080,000 if they all fetched a similar amount, dwarfing what the One Ring previously sold for.

Screenshot: eBay / Kotaku

The Final Fantasy set contains a bunch of regular Traveling Chocobo cards as well, each of mythic rarity but featuring a different color from Final Fantasy VII, including yellow, red, blue, green, and black. These less rare variants are still fetching wild valuations, with many priced at over $1,500. Other expensive cards include, not surprisingly, iconic main characters like Sephiroth, Cloud, Lightning, Terra, and Clive, as well as summons like Knights of the Round and Bahamut. There are borderless, Through the Ages, and Surge Foil variants of each, upping the prices even further.

And what about people who just want to have fun opening packs, looking at cards, and playing the actual game? Well, the launch frenzy has made Final Fantasy one of the hardest sets to actually participate in as a fan, just as its popularity hits new heights. Play booster boxes are sold out most places, and the collector’s boosters are pretty much only available from resellers at this point for extreme markups.

Even big box stores are turning to scalping. A Target I visited this week was selling about a dozen regular Final Fantasy MTG play boosters with an MSRP of $7 for $15 each. I wanted to cry. “RIP to the casual players trying to find product,” reads a common refrain on Reddit. While reprints are expected as soon as July, and should continue for a while given the Final Fantasy expansion is part of MTG’s standard set of cards (and thus legal in all tournament play), the difficulty of not only finding cards at the moment, but actually being able to afford them, has been a bit of a buzzkill.

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June 21, 2025 0 comments
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A child stands on top of a dinosaur exhibit, hugging the nose of a dinosaur skull.
Product Reviews

Two Point Museum’s latest update adds memorial exhibits for staff who vanish on expeditions, which you can put on display or sell for cold, hard profit

by admin June 14, 2025



It may not have caught the same attention as Clair Obscur or Kingdom Come: Deliverance 2, but Two Point Museum is quietly one of the best games released this year. Two Point Studio’s latest management sim is comfortably its best yet, and a game that nudges the genre forward in small but meaningful ways. A big part of that is down to its expedition system, where you dispatch different brands of boffins on adventures to retrieve ancient, exotic artifacts for display.

This feature also happens to be at the heart of Two Point Museum’s summer update, which targets the adventurers who fail to return from your relic hunting missions. Now, when one of your experts goes missing, you’ll be granted a memorial exhibit that you can place inside your museum to commemorate the loss.

While hardly the sunniest new feature Two Point Studios could have added given the season, it is neat. Memorials vary depending on the MIA staff’s rank, role and gender, ranging from simple plaques for low-ranking staff, to glittering statues for your most intrepid explorers. You can display these like any other exhibit, but if you don’t want to recognise the deeds of your MIA experts, you can also just sell them so you can expand your gift shop filled with tat.


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In any case, it’s a clever way of ensuring you never come away from an expedition empty-handed. Memorials aside, the update also overhauls the underlying expedition system, aiming to reduce randomisation so players don’t have to repeat the same expedition ad nauseum to retrieve every available artifact. Two Point Studios says it’s using a “phased approach” to adding this feature in, starting with eight specific expedition locations on the map.

Two Point Museum: Update 3.0 Trailer | OUT NOW ON STEAM! – YouTube

Watch On

Elsewhere, the update adds 30 new posters to decorate your cafeterias and gift shops with, while also making several tweaks to the security simulation. Thieves who manage to nab one of your exhibits will now lug it around in a backpack, making it easier to tell the difference between infiltrating and exfiltrating robbers. In addition, burglars who have been revealed but haven’t nicked anything yet will play “more suspicious animations”.

All of this comes with the usual array of balance tweaks and bug fixes. You can now expect your robot staff to get their perks installed properly, while subtitles for the in-game radio show should now pause with the rest of the game. My favourite fix simply reads “added improvements to the Ransom Message”. Nothing like adding an air of mystery to your changelog.

If you’ve yet to check out Two Point Museum among 2025’s deluge of games, I thoroughly recommend that you do. Mollie was similarly enchanted by it in her Two Point Museum review, calling it ” one of the neatest, most approachable management sims in recent memory”.

Keep up to date with the most important stories and the best deals, as picked by the PC Gamer team.



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June 14, 2025 0 comments
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Netflix’s anime helped Devil May Cry 5 sell 10 million, says Capcom
Game Updates

Netflix’s anime helped Devil May Cry 5 sell 10 million, says Capcom

by admin June 13, 2025


“Recently, on April 3, 2025, the company released the new Devil May Cry animated series on Netflix,” said Capcom’s press release, “in line with the company’s Single Content Multiple Usage strategy,” which sees the company adapting its IP into shows and films to help bolster gaming sales.

The hit animated series helped push Devil May Cry 5 past 10 million sales, said Capcom, thanks to global acclaim and over 5.3 million views in its debut week. It’s also worth noting that one of the publisher’s frequent Golden Week sales (there’s literally another one live at the time of publishing) on Steam drove a 438.54% spike in DMC 5’s player count, peaking at 14,645, an impressive feat for a five-year-old title.

Devil May Cry 5 launched on March 8, 2019, and was a bona fide hit upon release thanks to its indulgently stylish combat and badass fun. Coupled with a banger like the Resident Evil 2 remake in the same year, it led to Capcom USA chief executive Kiichiro Urata flashing a victory sign and declaring, “Capcom is back.”



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June 13, 2025 0 comments
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Gaming Gear

How to Factory Reset Your MacBook Before You Sell or Trade It In

by admin June 9, 2025


If you’re planning to sell or trade in your old Apple MacBook, you’ll want to perform a factory reset before parting ways with your device. Factory resetting a Mac removes your personal information, giving the new owner a clean slate to start with and protecting your privacy and data security. Whether you’re getting ready to upgrade to the latest M4 MacBook Air or just want a clean slate to weed out any performance issues, a factory reset is the tool for you.

Whether you’re planning to sell your Mac, give it to a family member or friend, recycle it or donate it to an organization, you’ll want to erase your personal information and files before parting with it. It’s a crucial security measure you don’t want to skip. Your Mac’s hard drive is bursting with sensitive information that you wouldn’t want to be accessible, even if you trust your laptop’s next owner. There’s always a chance that some malware could sneak its way in and uncover your personal details.

Ready to wipe your personal data and return your old Mac to its default factory settings? The specific process will depend on what MacBook model and operating system you’re working with. We’ve listed out the steps for newer models (running on Monterey OS or later and equipped with Apple Silicon or the Apple T2 security chip) and older MacBooks, so you can follow whichever guide applies to your laptop.

How to factory reset a newer MacBook on MacOS Monterey or later

Newer MacBook models have an erase assistant built into their settings to help you quickly clear your data and factory reset your MacBook. If your MacBook is running on MacOS Monterey or later and has either an Apple Silicon or an Apple T2 security chip, you should have access to the Erase All Content and Settings function.

1. Open the erase assistant

If you’re running MacOS Ventura or later, click on the Apple icon in the corner of your screen, then select System Settings. Choose General > Transfer or Reset > Erase All Content and Settings. The erase assistant will then open up.

If you’re running MacOS Monterey, click on the Apple icon in the corner of your screen, then select System Preferences. From the menu bar, choose Erase All Content and Settings. If your laptop supports it, the erase assistant will then appear.

If you don’t see the Erase All Content and Settings option or get an error message stating that the erase assistant is not supported on your MacBook, you may have an older model and you’ll need to use a different approach to reset it. Scroll down to our second set of instructions below for older MacBooks.

2. Follow the onscreen instructions and review your data

The erase assistant will show you a summary of what’ll be erased. Then follow the onscreen directions to continue with the factory reset. You’ll need to enter your administrator credentials for your MacBook. Next, enter your Apple account login to sign the MacBook out of Find My Mac.

You may be asked if you want to back up your data before proceeding with the reset process. If you forgot to do this earlier, it’s a good idea to pause and back up your data to an external hard drive before you erase everything.

3. Confirm that you want to erase all content and settings

Apple

A window will pop up confirming that your data and settings will be permanently erased if you proceed. If you’re ready to proceed, select Erase All Content & Settings to confirm that you want to reset your MacBook.

Your laptop will then begin the process of removing all of your data and will restart. Your screen may go dark during this portion of the process or you may see a progress bar. You may be asked to reconnect to your Wi-Fi network during this deletion process, too. Your laptop will also generally disconnect from Bluetooth accessories such as your mouse or external keyboard.

Once the reset is complete, you’ll see the Activate Mac screen, indicating that your MacBook has been reset to factory settings and can now be sold or recycled. If you’re keeping the laptop or want to set it up to give to a family member, you can use the Setup Assistant to begin the setup process from scratch.

Apple

How to factory reset an older MacBook

If you’re running an earlier operating system or have an older model without the Apple Silicon or T2 chip, you’ll need to follow a slightly longer process to wipe your data before selling or donating your MacBook.

1. Sign out of your accounts

After migrating your data to your new Mac or making one last backup to preserve your data, it’s time to remove all traces of yourself from the machine. First, you’ll need to sign out of all of your accounts. Years ago, this was done using iTunes but you now must individually sign out of three apps — Music, TV and Books. Open up any of those apps and go to Account > Authorizations > Deauthorize This Computer. You’ll need to enter your Apple ID and password and then hit the Deauthorize button.

Matt Elliott/CNET

Next, turn off Find My Mac and sign out of iCloud. Go to System Preferences > Apple ID, click iCloud in the left panel and then uncheck Find My Mac. Next, click Overview from the left panel and then click the Sign Out button.

Lastly, you’ll need to sign out of Messages. Open the Messages app, go to Messages > Preferences, click the iMessage tab and then click Sign Out.

2. Bluetooth unpairing

If you’re handing down your old Mac to your kid or someone else in your house, then it’s a good idea to unpair any Bluetooth devices so your mouse or keyboard controls the new Mac without interfering with the old one. Go to System Preferences > Bluetooth, mouse over the device you want to unpair, click the X button to the right of its name, then click Remove.

Matt Elliott/CNET

3. Reset NVRAM

NVRAM is memory where your Mac stores essential settings needed before loading MacOS, such as screen resolution, time zone, volume level and startup disk selection. Sometimes these files can get corrupted, so give your Mac’s next owner a fresh start by resetting the NVRAM. To do so, shut down your Mac, then turn it on and immediately press and hold four keys together: Option, Command, P, and R. You can release the keys after 20 seconds or so. That’s it! Your Mac’s NVRAM has been reset.

4. Factory reset

You need to put your MacBook into Recovery Mode to erase all of your data and reinstall MacOS. To enter Recovery Mode on an old Intel-based Mac, restart it and immediately press and hold Command-R. You can release the keys once you see the Apple logo. On an M1-based Mac, booting into Recovery Mode is slightly different. You simply press and hold the power button until you see the startup options window, then click Options and Continue to get to the utilities window.)

Apple

Next, you’ll see the MacOS Utilities window. Choose Disk Utility, click Continue and select your startup disk — unless you renamed it, odds are it’s labeled Macintosh HD or something similar. Next, click the Erase button at the top of the Disk Utility window and fill out these two fields:

  • Name: Choose a name for the fresh, new volume. Why not go with the tried-and-true Macintosh HD?
  • Format: Choose APFS. 

If you’re trying to sell an ancient Mac that has a mechanical hard drive instead of a solid-state drive, then choose Mac OS Extended (Journaled) for Format.

Next, click the Erase Volume Group and after Disk Utility does its thing, quit Disk Utility. (If you don’t see the Erase Volume Group button in the lower-left corner, then click the Erase button in the lower-right corner instead.)

You should return to the MacOS Utilities window. (If not, restart your Mac again, holding down Command-R while it reboots.) From the MacOS Utilities window, select Reinstall MacOS and follow the instructions to install the operating system. After MacOS has been reinstalled, you’ll be greeted by the Setup Assistant, which you can then quit out of and shut down your Mac. It’s now ready for a fresh start with its next owner.

How to factory reset a MacBook without logging in

If you find that you can’t remember your MacBook’s password, don’t worry, all is not lost. First, try resetting your Mac’s password, but if that isn’t an option, you can still factory reset the machine.

Factory resetting your MacBook without your password works in much the same way as the steps outlined for resetting an older MacBook above. In fact, whether you’re using a Mac with or without Apple Silicon or a T2 chip, you can follow the same steps from step 3 onward to get the job done. This approach won’t give you the opportunity to back up any of your data, which is why we always suggest backing up your Mac regularly.

Here’s how to factory reset an iPhone, how to reset AirPods that are acting up, and how to reset a Chromebook in under a minute.



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June 9, 2025 0 comments
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Mask Network price pumps then dumps as whales sell
GameFi Guides

Mask Network price pumps then dumps as whales sell

by admin June 8, 2025



Mask Network token surged to its highest point since December last year and then suffered a harsh reversal.

Mask Network (MASK), a privacy-focused token, rose to $3.6766, and then erased those gains and moved towards $2. 

On-chain data shows that the whale transaction count jumped. Santiment data shows that these transactions jumped to 26, its highest point since May 28. 

A deeper dive reveals that these whales are selling the Mask token. The supply of held by whales dropped to 28.26 million on Friday, the lowest level on record. 

More data shows that the 180-day and 365-day mean dollar invested age or MDIA has been in a strong downward trend. The 180-day figure dropped to 29.6, down from 50 in May, while the 365-day figure plunged to 38 from 70.

The MDIA figure looks at the average age of all coins weighted by their purchase price in US dollar terms. A falling figure is usually a bearish sign for a cryptocurrency. 

The other bearish sign for the Mask Network is its negative funding rate in the past few days. This happens when more traders are shorting an asset and are thus paying bullish ones a small fee.

Funding rate, MDIA, funding rate, whale holdings | Source: Santiment

Mask Network price technical analysis 

MASK price chart | Source: crypto.news

The daily chart shows that the MASK price surged to a high of $3.7020 and then suffered a harsh reversal to $2.3300. It dropped below the key support at $2.50, the highest swing on April 1. 

The Relative Strength Index tilted downwards, moving from a high of 80 to 54. Therefore, the token will likely continue falling as sellers attempt to move below $2 and the 50-day and 200-day moving averages. Sustained selling may see it drop to $0.9475, the lowest point in April.



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June 8, 2025 0 comments
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Cardano support crumbles as whales hit the sell button
NFT Gaming

Cardano support crumbles as whales hit the sell button

by admin June 1, 2025



Cardano price has slipped in the past few weeks, and the sell-off may continue after it dropped below key support levels and as whales started to capitulate. 

Cardano (ADA) price dropped for five consecutive days, reaching a low of $0.65, its lowest level since May 8. It has dropped by over 21% from its highest point in May and by 50% from its November 2024 high.

On-chain data shows that Cardano’s investors have started to capitulate. According to Santiment, the number of ADA holders has dropped to 4.49 million, down from 4.55 million at the highest point in May. 

More data shows that whales have continued to sell their coins, sign that they expect its price to continue falling. Whales holding between 100 million and 1 billion coins hold 3.02 billion coins today, down from a high of 3.4 billion in April.

Cardano whale transactions | Source: Santiment

Similarly, those holding between 1 million and 10 million have reduced their holdings to 5.7 billion from the year-to-date high of 6 billion. These sales happened as the number of ADA tokens in profit dropped to 22.69 billion from 27 billion in April.

Cardano, once touted as a viable alternative to Ethereum, has continued to underperform across all areas. Its total value locked in decentralized finance has dropped to $391 million, while its cumulative DEX transactions stand at $4 billion. 

In contrast, Unichain has a TVL of over $702 million, and its DEX volume has jumped to over $14 billion, a few months after its launch. 

Cardano is now pegging its growth to its integration with Bitcoin (BTC), a move it expects will boost its TVL by billions. The argument is that incorporating Bitcoin will enable BTC holders to stake their holdings and earn rewards. However, this technology already exists, and Bitcoin staking platforms like SolvProtocol and Lombard Finance hold billions in assets.

Cardano price technical analysis

ADA price chart | Source: crypto.news

The daily chart shows that the ADA price has crashed in the past few days. This sell-off continued after it formed a double-top pattern at $0.839. It has now moved below this pattern’s neckline at $0.710, confirming its bearish bias.

Cardano has also plunged below the 50-day and 200-day moving averages, and is at risk of forming a death cross. 

Therefore, the coin will likely continue falling as sellers target the psychological point at $0.50, down by 25% below the current level. 

Cardano audit

Cardano also finds itself on the receiving end of damning allegations made by non-fungible token artist Masato Alexander.

Founder Charles Hoskinson, Alexander alleges, misappropriated $619 million in ADA tokens. Hoskinson denied the allegations.

An audit is currently in the works to debunk the claims, he said. If the audit clears the project of these accusations, investors’ confidence could be restored, triggering a strong rebound in Cardano. However, if the findings raise further concerns, ADA may continue in its recent downtrend.

The allegations center on a 318 million ADA transfer during the 2021 Allegra hard fork. 

Hoskinson, one of the co-founders of Ethereum, launched the project in 2015. The Cardano blockchain officially went live on Sept. 29, 2017.

Hoskinson founded the Cardano protocol through IOHK, or Input Output Hong Kong, a blockchain research and engineering company he co-founded with Jeremy Wood. The project was named after Gerolamo Cardano, a 16th-century Italian mathematician, and its native cryptocurrency, ADA, was named after Ada Lovelace, a 19th-century mathematician often credited as the first computer programmer.



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June 1, 2025 0 comments
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