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Gemini Valuation Could Top $3 Billion as Crypto Exchange Raises IPO Share Price

by admin September 10, 2025



In brief

  • Gemini is upsizing its IPO target, anticipating selling shares between $24-26.
  • The firm initially expected to offer more than 16 million shares between $17-19.
  • It will trade under the ticker GEMI when it hits the market, expected on Friday.

American crypto exchange Gemini increased its expected initial public offering (IPO) share price to a range of $24-26, potentially bringing the firm’s valuation north of $3 billion when it hits the market. 

In an SEC filing dated September 9, the firm said it will offer 16,666,667 common shares of GEMI at the updated price range. Initially it anticipated offering the same amount of shares priced between $17-19. 

“Financial markets are moving on-chain and digital assets are profoundly changing the way we transact and store value,” wrote the firm’s founders Tyler and Cameron Winklevoss in a letter attached to the filing. “This is the crypto frontier and we are building a super app for it. We believe Gemini is uniquely positioned to contribute to this future and ensure that you are a part of it.” 



The exact date of the IPO is still outstanding, but the firm indicated it will be “as soon as practicable” relative to the effective filing date. 

Gemini first made its intentions known earlier this summer, filing to go public in June, following the success of stablecoin issuer Circle’s massive IPO. 

Circle similarly upsized its IPO offering amid increasing demand, jumping from $24 to $31 by the time it occurred. After hitting the market, shares were halted multiple times after the price of CRCL more than tripled on the opening day of trading.

Gemini’s IPO is being underwritten by Goldman Sachs, Cantor, and Morgan Stanley, among others, with GEMI set to trade on the Nasdaq. Shares are expected to begin trading Friday.

The firm requested that 10% of the IPO shares, or around 1.67 million shares of GEMI, be reserved for sale through “a directed share program to certain individuals and entities.” 

Additionally, Gemini said in the filing that it entered into a separate agreement with Nasdaq Inc. to sell $50 million worth of shares at the IPO price, less underwriting discounts and commission.

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Winklevoss' Gemini Offering ETH and SOL Staking in U.K.
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Crypto Exchange Gemini Boosts IPO Price Range to $24-$26 Per Share

by admin September 10, 2025



Gemini, the crypto exchange run by Tyler and Cameron Winklevoss, has boosted the price range for its planned Friday IPO, the company said in an updated S1 filing on Tuesday.

The firm now expects to sell 16.67 million shares between $24 and $26 each in the public offering versus the previous range of $17-$19. At the high end of the new range, Gemini would raise more than $430 million at about a $3.1 billion valuation.

Goldman Sachs, Citigroup, Morgan Stanley and Cantor are the lead underwriters on the IPO.

Crypto native companies are increasingly looking to go public under President Trump’s more benign regulatory regime. Gemini’s public listing follows that of rival exchange Bullish (BLSH), CoinDesk’s owner, and stablecoin issuer Circle (CRCL).

Exchange giant Nasdaq (NDAQ) has entered into an agreement to buy $50 million of shares in a private placement at a per share price equal to the IPO price.

The stock will list on the Nasdaq Global Select Market under the ticker symbol GEMI.

Read more: Crypto Exchange Gemini Aims for $2.22B Valuation in U.S. IPO, Seeking to Raise $317M



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September 10, 2025 0 comments
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Metaplanet Sets $1.45B Share Sale to Fund Bitcoin Purchases, Treasury Shift

by admin September 10, 2025



In brief

  • Metaplanet has finalized a $1.45 billion international share sale on Sept. 10.
  • Most of the proceeds are allocated to Bitcoin purchases and income-generation operations.
  • The company now holds 20,136 BTC worth $2.25 billion, making it the sixth-largest public corporate holder globally.

Metaplanet is betting bigger on Bitcoin.

The Tokyo-listed firm has locked in a $1.45 billion share sale on Tuesday, marking one of Japan’s largest corporate treasury shifts to date.

Formally priced at ¥553 per share ($3.73), the international share offering will issue 385 million shares, raising a total of ¥212.9 billion ($1.45 billion). 

Net proceeds of ¥204.1 billion ($1.39 billion) are allocated almost entirely to Bitcoin, with ¥183.7 billion ($1.25 billion) set for purchases and ¥20.4 billion ($139 million) for income-generation operations, according to a notice determining the issue price.



In the same notice, the company reiterated its rationale for buying Bitcoin, pointing to “elevated levels of national debt, prolonged real negative interest rates, and an ongoing depreciation of the yen” as primary factors that motivated it to begin stacking the alpha crypto in April last year.

The share sale follows a September 1 shareholder vote in Tokyo that approved an overseas issuance of up to 550 million new shares, alongside preferred stock, after Metaplanet’s share price had dropped 54% since mid-June.

The latest filing finalizes the terms of that plan, shifting it from shareholder authorization to formal execution, thereby closing a turbulent summer of financing pressures and a collapsing share price.

Metaplanet currently holds 20,136 BTC valued at about $2.25 billion, following its latest purchase of 136 Bitcoin disclosed earlier this week.

Its holdings position it as the sixth-largest public corporate holder of Bitcoin worldwide, ranking behind Strategy, Marathon, and Twenty One, but ahead of Tesla, Coinbase, and the Trump Media & Technology Group.

While still behind others, Metaplanet’s move emerges as a “signal from Japan that corporate Bitcoin adoption is spreading globally, not just in the U.S.,” Dan Dadybayo, research and strategy lead at Unstoppable Wallet, told Decrypt.

Corporate Bitcoin treasuries are “shifting from experiment to mainstream balance-sheet strategy,” Dadybayo said, adding that with “new accounting rules and ETF normalization,” he expects public companies to hold “over 1 million BTC by year-end.”

Further on by 2027, Dadybayo said more firms “could follow treating Bitcoin as digital gold.”

“All of this is unfolding against the backdrop of BlackRock’s iShares Bitcoin Trust (IBIT), which has become the company’s most profitable ETF, generating more fee revenue than even its S&P 500 flagship (IVV),” he noted, sharing that IBIT is also the “fastest-growing ETF in history,” after hitting over $80 billion in assets under management, in just over a year of inflows tracking over $52 billion.

With terms now set for execution, the scale of Metaplanet’s raise cements its place in the global conversation on Bitcoin.

“From pension funds to hedge funds, the direction of travel is clear: a deeper integration of Bitcoin into traditional finance,” Dadybayo said.

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September 10, 2025 0 comments
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NPM Hack in Crypto: Polygon, Ledger, Trezor Share Important Statements
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NPM Hack in Crypto: Polygon, Ledger, Trezor Share Important Statements

by admin September 9, 2025


  • Polygon, Ledger, Trezor break silence on yesterday’s NPM hack
  • Largest JavaScript NPM hack: What you should know

So far, no cryptocurrency service has reported losses as a result of clipper malware being injected into NPM packages, inevitable instruments for JavaScript developers. At the same time, cryptocurrency users should stay particularly vigilant these days.

Polygon, Ledger, Trezor break silence on yesterday’s NPM hack

According to official statements by cryptocurrency teams, more and more services have confirmed that their tech architectures are unaffected by the Sept. 8 NPM attack, the biggest hack in the history of JavaScript.

Polygon (POL), the largest layer-2 blockchain on Ethereum Virtual Machine, assured readers that both Polygon Proof-of-Stake and Agglayer are unaffected by the collapse.

Most importantly, similar statements have been released by the cryptocurrency wallet’s team. Hardware wallet producer Ledger, whose CTO Charles Guillemet informed the crypto space about the hack, stressed that all funds are safe.

Ledger devices are not and have not been at risk during an ecosystem-wide software supply chain attack that was discovered. Ledger devices are built specifically to protect users against attacks like these.

Trezor, another top-tier provider of hardware cryptocurrency wallets, outlined that at no stage were the gadgets exposed to the attackers.

Trezor Suite, an app necessary to connect Trezor wallets to computers, is also safe, the statement says.

Largest JavaScript NPM hack: What you should know

Yesterday, on Sept. 8, 2025, the account of a reputable JavaScript software developer was hacked. The malefactors uploaded tampered NPM packages — elements of JS code — infiltrated with the malware targeting crypto on all major blockchains.

Altered NPM packages might be downloaded billions of times as JS is one of the dominant programming languages right now.

Clipper malware replaces the address a victim sends crypto to with the address of the hacker. As a result, the user sends money to the attacker without knowing it.

All crypto users should be super cautious these days while sending funds on-chain and when signing approvals via Web3 wallets.



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September 9, 2025 0 comments
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NFT Gaming

Circle’s USDC Market Share ‘On a Tear,’ Says Wall Street Broker Bernstein

by admin September 8, 2025



Hyperliquid is planning to launch its own stablecoin, in a move that could reduce the decentralized exchange’s (DEX) dependency on Circle’s USDC.

In spite of these fears, USDC supply has surged to $72.5 billion, running 25% ahead of Wall Street broker Bernstein’s 2025 estimates. The firm had predicted that the stablecoin’s supply would reach $74 billion by year-end.

The stablecoin’s market share is “on a tear,” wrote analysts led by Gautam Chhugani in a Tuesday report.

Market share relative to Tether, issuer of the world’s largest stablecoin USDT, has also grown to 30%, up from 28% in the second quarter, the broker said.

Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets, providing among other things a payment infrastructure, and are also used to transfer money internationally.

The report noted that $5.5 billion in USDC (about 7.5% of supply) is currently used as collateral on Hyperliquid. While the exchange’s move introduces competition, it will be challenging to bootstrap sufficient liquidity for a new stablecoin in derivatives markets where execution reliability and sizing are critical, the analysts wrote.

Bernstein said that following the GENIUS Act, new stablecoin entrants are inevitable. However, liquidity bootstrapping for derivatives is non-trivial.

Concerns about Circle’s exposure to rate cuts (since lower interest income could impact revenues) miss the bigger picture, according to Bernstein analysts, as the stablecoin issuer benefits from expanding USDC supply.

Rate cuts could even support risk-on sentiment in digital assets, spurring further demand for USDC and related yield strategies, the report added.

Bernstein has an outperform rating on Circle shares, with a $230 price target. The stock was trading 1.2% higher, around $116, at publication time.

Read more: Circle Unveils Layer-1 Blockchain Arc, Reports $428 Million Q2 Loss



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September 8, 2025 0 comments
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Trump Family Share of World Liberty Crypto Grows to $6 Billion

by admin September 1, 2025



In brief

  • President Trump and his family saw their net worth surge by almost $6 billion after trading began for WLFI.
  • The family collectively owns 22.5 billion WLFI tokens, now valued at nearly $6 billion, though the tokens remain locked under a vesting schedule that has not yet been determined.
  • WLFI’s market debut gave the project a valuation above $26 billion, even though the DeFi platform itself has not yet launched.

President Donald Trump and members of his family saw their net worth increase by nearly $6 billion Monday, in the minutes after public trading of their Ethereum token WLFI went live.

The token, which allows holders to participate in the governance of World Liberty Financial, the Trumps’ crypto platform, was previously locked and untradable. This morning, WLFI launched trading capability, setting the token’s previously undermined price at just over $0.30. It has since slipped to roughly $0.26 at writing. 

That’s a substantial jump for WLFI, which was initially sold to investors for 1.5 cents a token in the fall, and then for 5 cents a token during a second round of fundraising. The company raised a total of $500 million from those public sales.



It’s a particularly rosy outcome for the Trumps—who collectively own 22.5 billion WLFI tokens, according to a disclosure on the World Liberty Financial website. That pile of tokens, representing nearly a quarter of the project’s total supply, is now worth a whopping $5.96 billion based on current prices.

The disclosure notes the tokens are owned by an entity affiliated with the president and “certain family members.” The identity of those family members have not been disclosed, though Trump’s sons—Eric Trump, Donald Trump Jr., and Barron Trump—are all co-founders of World Liberty. 

Will the Trumps soon be able to dump those tokens on other investors and turn a massive profit? The answer is murky. 

A statement issued by World Liberty earlier on Monday announced that 33.5 billion WLFI tokens reserved for team members are currently not circulating, and still remain locked. Those tokens will be unlocked over time via a vesting schedule, the project said, but that schedule remains “TBD.”

A World Liberty representative did not immediately respond when asked by Decrypt for any clarity on when a vesting schedule for the Trumps might be determined, or how long of a schedule it might be.  

There are currently roughly 24.7 billion WLFI tokens in circulation, out of a total supply of 100 billion. At current prices, the token’s fully diluted valuation is worth over $26 billion. 

World Liberty Financial is a decentralized finance project promising to connect non-tech savvy retail consumers with the often-opaque world of self-custodied crypto transactions. Despite launching its own stablecoin earlier this year, though, the platform has yet to launch.

Since returning to office, the president and his family have increased their net worths by billions of dollars, via crypto projects including World Liberty and the Trump meme coin. Earlier this year, Trump and his family netted hundreds of millions of dollars from initial sales of WLFI to investors. 

In a disclosure filed in June, the president said he pocketed $57 million from World Liberty in 2024. That number is poised to be far higher in 2025.

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September 1, 2025 0 comments
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Massive Recall Doesn't Affect 15% Leap in Company Share Price
Product Reviews

Massive Recall Doesn’t Affect 15% Leap in Company Share Price

by admin August 31, 2025


The stock price of a company that is in the middle of a major recall still managed to see a 15% gain by the time the market closed Friday.

That recall has been issued for nearly 760,000 power tools following reports of explosions and fire hazards.

The move is one to watch because some companies in the power washer market are beginning to integrate into their devices. These AI-powered pressure washers can analyze the surface being cleaned and optimize their own performance to provide a better result with less effort. 

Ryobi uses AI technology in some areas of its business, particularly through a financial technology subsidiary, Financial AlgoTech Company (FATC). In its power tools division, Ryobi uses more fundamental smart technology rather than advanced AI. Some AI-generated imagery has also been found in Ryobi’s marketing, which has generated negative customer feedback. 

The Consumer Product Safety Commission (CPSC) announced that the affected tools, manufactured by Ryobi (RYBIF), pose a risk of injury due to overheating and malfunctioning components.

Ryobi-branded power tools in North America are manufactured and distributed by Techtronic Industries (TTI), a Hong Kong-based company that also owns Milwaukee Tool and other brands.

The recall covers a range of cordless drills and other handheld power tools sold nationwide, with consumers urged to stop using the products immediately. No serious injuries have been reported, but the risk of burns, lacerations, and property damage has prompted regulators to act swiftly.

What happens with these malfunctioning items?

The Consumer Product Safety Commission (CPSC) announced that the two models, RY142300 and RY142711VNM, have been linked to at least 135 incidents of capacitor failures, with over 40 cases resulting in explosions.

These explosions have caused multiple injuries, including finger amputations, fractures, and burns to users’ hands, faces, and eyes. The risks are significant enough that experts warn against continued use of the recalled pressure washers until repairs are made.

Home Depot and Direct Tools Factory Outlet sold approximately 764,000 units of these models in the U.S. between July 2017 and June 2024, with about 16,000 units sold in Canada.

Consumers are urged to stop using the products immediately, register for repairs, and contact the manufacturer for a free replacement or repair.

How does the affect tech?

This recall underscores ongoing concerns about product safety in outdoor power tools, many of which are used by big tech giants who manufacture everything from EVs to space ships, which often operate under high pressure and electrical stress, making rigorous safety checks imperative.

The manufacturer has offered free replacements and repair kits to affected customers. Consumers can check their product’s model number and serial number on the company’s website or contact customer service to determine if their tool is included in the recall.

This incident underscores ongoing concerns about product safety and the importance of vigilant oversight in manufacturing. Regulators continue to monitor for potential hazards associated with power tools and other consumer electronics to protect public safety.

Worried you might be affected? You can call RYOBI Customer Service at 1-800-597-9624 from 9 a.m. to 5 p.m. Eastern time.



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August 31, 2025 0 comments
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GameFi Guides

French Chipmaker Sequans Plans $200 Million Share Sale to Build Bitcoin Treasury

by admin August 26, 2025



In brief

  • The Paris-based chipmaker aims to raise up to $200 million through ADS issuance.
  • Funds will be directed toward expanding Bitcoin holdings under long-term plan.
  • The company already holds more than 3,000 BTC, with a 100,000 target by 2030.

Sequans Communications (NYSE: SQNS), a Paris-based semiconductor firm listed on the New York Stock Exchange, has filed to raise up to $200 million through an at-the-market equity program, with proceeds directed primarily toward Bitcoin purchases under its long-term treasury strategy.

The new program supports the first phase of Sequan’s efforts at establishing its treasury foundation. Sequans intends “to use it judiciously to optimize treasury,” CEO Dr. Georges Karam said in a statement on Tuesday.

Its latest SEC filing enables the company to issue American Depositary Shares at its discretion. ADSs are certificates that allow U.S. investors to trade shares of foreign companies on American exchanges.



In July, Sequans also raised $189 million through secured convertible debentures and warrants, bringing total recent financing to roughly $376 million.

So far, Sequans already holds more than 3,000 Bitcoin, worth about $331 million at current prices, making it one of the largest corporate holders of Bitcoin in Europe, behind only Germany’s Bitcoin Group SE. It has also set an ambitious target of 100,000 by 2030.

‘Scalable if tailored’

Raising equity to buy Bitcoin “certainly dilutes existing shareholders, and it ties the company’s valuation more directly to Bitcoin’s volatility,” Dan Dadybayo, research and strategy lead at Unstoppable Wallet, told Decrypt.

But these prospects largely depend on execution, he argues.

“Equity-funded BTC purchases act less like speculative punts and more like leveraged exposure: shareholders accept dilution in exchange for long-term alignment with Bitcoin’s growth,” he said.

Still, “smaller firms can innovate using structured financing, options strategies, or BTC-backed deals to accumulate effectively. The model is not copy-paste, but scalable if tailored,” Dadybayo said.

Dadybayo adds the risk isn’t with short-term price swings, but on “whether the company can maintain operational discipline and avoid overextension during downturns.”

While Sequans can “accumulate BTC at scale relative to its size,” he notes that it lacks “the financial cushion to absorb prolonged drawdowns without shareholder pain.”

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August 26, 2025 0 comments
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This App Pays You Crypto to Share Your Poop Pics

by admin August 19, 2025



In brief

  • Doop, an app that pays users to take photos of their poop, is expected to launch its public beta this fall.
  • It will use an AI agent to analyze the photos to provide custom tips and challenges based on the results.
  • Further down the line, the dataset will be sold to organizations and companies in an attempt to further research.

Have you ever finished pooping and wished there was something you could do with the masterpiece you’ve just left in the loo? Well, an upcoming app will pay you to take a photo of it.

Doop is an AI-powered health app that will pay users in cryptocurrency for consistently uploading photos of their poop. These images will then be analyzed by an AI agent, which will set challenges for users to improve their gut health. The app is scheduled to release in public beta this fall, with a waitlist already open.

While the concept may sound hilarious or even ridiculous at first, Doop says that it has a serious goal behind the poop-tography—so much so that it has raised an undisclosed amount via an angel fundraising round, with participation from pseudonymous crypto investor Dingaling, the founder of meme coin launchpad Boop

“People don’t pay attention to poop, but it’s scientific gold because it’s a direct reflection of your diet, your healthstyle, lifestyle, and everything,” Joe Zhou, the founder of Doop, told Decrypt.

We’re not another health tracker 💩

Doop is a daily engagement engine that combines behavioral psychology, delightful design, and tokenized incentives to make self-care instinctive.

Think:

Health + Memes + Rewards → A habit you want to keep pic.twitter.com/Fr9uESvr96

— DoopApp (@DoopApp) August 11, 2025

He explained that most people only go to the doctor a couple of times a year, which creates infrequent snapshots of an individual’s health. Some may wear a fitness watch or smart ring that regularly tracks health data, but Doop aims to go a step further.

By tracking someone’s bowel movements every day for an extended period, Zhou believes that interesting trends, behaviors, and remedies will reveal themselves.

Users will be paid based on how regularly they provide images of their waste, complete health-based challenges set by the app, and if they improve their poop samples. Rewards will be paid out in the project’s Solana-based POOP token, which launched in July and currently sits at a nearly $6 million market cap. Doop will also upsell a premium tier of the app for more in-depth AI analysis.

Zhou told Decrypt that the project is based on several studies and research papers on the importance of healthy bowel movements. Those findings have been run through a custom AI agent, which utilizes an OpenAI and an in-house model, to provide custom tips on how to improve gut health.

However, it is worth noting that just an image of an individual’s faeces only reveals so much about the person.

“A photo alone cannot tell you if you have inflammation, infections, low digestive enzymes, blood in the stool, or an imbalance in your gut bacteria,” Nishtha Patel, gut expert and award-winning nutritionist, told Decrypt. “For this, you need a proper stool test where a swab or full sample is sent to a laboratory. This allows for a detailed look at your microbiome, digestive function, and gut health markers.”

That said, Patel explained that a photo can give some “useful clues” that can be investigated or acted upon. Zhou added that, in the distant future, there could be scope for an add-on that could inspect stool samples deeper than an image can.



“Apps that analyze stool images may be an interesting starting point, but they do not replace medical testing or professional advice,” Patel said. “It is also important to check how your personal data will be stored and used, especially if it will be shared or sold to other companies.”

Zhou told Decrypt that Doop will sell user data once it achieves approximately 500,000 monthly active users—although all data will be anonymized. Doop will look to sell the dataset to research institutions, insurance firms, or health supplement companies.

Data collected will include details like personal identifiers, like sex, height, and weight, as well as lifestyle choices and factors that impact your bowel movements. The user can choose to delete their data at any time they want, Zhou added.

The vision is that Doop could amass the largest and most detailed faecal dataset in the world, which could create a new frontier of health research. To this goal, the app plans to regularly release reports with interesting findings from its dataset, such as whether a specific city’s residents have worse gut health than another’s—possibly prompting an investigation into why.

But, for now, Doop’s methodology has yet to receive a stamp of approval from any gut health professionals. Zhou told Decrypt that the app is “in talks” with university professors to endorse the project’s methodology. Such endorsements are key as the app will give out health advice via its AI agent, incentivizing people to follow the tips via token payments.

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August 19, 2025 0 comments
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