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How Shows Like South Park Influence Crypto
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How Shows Like South Park Influence Crypto

by admin October 2, 2025



“South Park” extended its running gag on cryptocurrency in a recent episode, taking aim at prediction markets, trading apps, US regulators and politicians tied to the industry.

Now in its 27th season, the animated series has built its reputation on unhinged satire of global events. Crypto has repeatedly taken some hits.

Not everyone enjoys being lampooned on TV shows — the White House recently condemned its depiction of President Donald Trump in a relationship with Satan — but earlier crypto references were often embraced within the industry as proof of mainstream recognition.

Here are five moments when digital assets crossed into pop culture.

We got Kalshi in South Park before GTA 6 pic.twitter.com/659PZHoAqb

— Kalshi (@Kalshi) September 25, 2025

Prediction market apps Kalshi and Polymarket make it to “South Park.” Source: Kalshi/Paramount+

Bitcoin is the future as NFTs become diseases in “South Park”

“South Park” season 27 episode 5 is centered around prediction markets. It features a parody of Fox News reporting on Kalshi and Polymarket bets: Will President Trump and Satan’s baby be a boy or a girl?

Previous episodes featuring Bitcoin (BTC) include the 2021 post-COVID special aired on Nov. 25, where it’s a mainstream currency — but also a Ponzi scheme.

Bitcoin dipped after Nov. 25, but that was likely due to the emergence of a new coronavirus variant rather than “South Park.” Source: CoinGecko

In December 2021, “South Park” mocked non-fungible tokens (NFTs) as a get-rich-quick craze. The special portrayed an adult Butters — who is a friend and classmate of the four main characters on the show — losing his mind over NFTs, with anyone who listened to him becoming infected and ranting about apes and overnight riches.

“The Simpsons” and “Big Bang Theory’s” Sheldon explains blockchain

In a February 2020 episode titled “Frinkcoin,” “The Simpsons” ran a segment explaining cryptocurrency and blockchain technology.

The bit was narrated by Jim Parsons — best known for playing Sheldon on “The Big Bang Theory” — who broke down the basics of how cryptocurrencies work. It made waves in the crypto community because it skipped the satire and took an educational approach.

Related: Who’s in the running to become the next CFTC chair?

Over a year later, Bitcoin was featured in “The Simpsons” again. This time, the show predicted that BTC would rise to infinity.

Fortune didn’t favor Matt Damon’s Crypto.com ad

Hollywood actor Matt Damon starred in Crypto.com’s October 2021 commercial at the height of Bitcoin’s bull run, just weeks before the asset reached a then-record price.

“History is filled with almosts,” Damon declared. “With those who almost adventured, with those who almost achieved, but ultimately, for them, it proved to be too much.”

He then pointed to explorers and innovators as examples of human progress before concluding: “They calm their minds and steel their nerves with four simple words that have been whispered by the intrepid since the time of the Romans: fortune favors the brave.”

The camera then panned away from Damon, toward a cosmic backdrop with the Crypto.com logo. End of commercial.

Within weeks, Bitcoin hit a then-all-time high of about $69,000. But the following year brought notorious misfortune: the Terra collapse, cascading bankruptcies and a brutal bear market.

Bitcoin’s year following Matt Damon’s Crypto.com commercial in 2021. Source: CoinGecko

By February 2022, crypto was back in South Park’s crosshairs in a post-COVID hour special. “What does Matt Damon say in that Bitcoin commercial?” asked Eric Cartman, the show’s selfish instigator. “Fortune favors the brave!”

“My dad said he listened to Matt Damon and lost all his money,” another kid replied.

“Yes, everyone did,” Cartman said. “But they were brave in doing so.”

Crypto’s Super Bowl takeover

In 2022, the Super Bowl drew the attention of the entire crypto world, as several digital asset companies spent millions on high-profile commercials.

Crypto.com doubled down on its “fortune favors the brave” campaign with basketball legend LeBron James. Trading platform eToro promoted itself with both a commercial and a halftime bingo card minigame.

But Coinbase stole the show with a QR code bouncing around the screen. Viewers who scanned it enjoyed a $15 Bitcoin giveaway and sign-up promotion — a simple marketing campaign so popular it briefly crashed the app.

Related: Elon Musk and crypto: 6 times ‘Dogecoin’s CEO’ rocked markets

FTX’s commercial, starring comedian Larry David, aged far worse. In the ad, David dismissed transformative inventions throughout history, like the wheel and the fork. The final bit of ingenuity was FTX, which he again rejected.

“It’s a safe and easy way to get into crypto,” someone told him.

“Ehhh, I don’t think so. And I’m never wrong about this stuff,” Larry replied. “Never!”

Words then appeared across the scene: “Don’t Be Like Larry.”

Turns out David was right about FTX. Source: Jack Raines

By November 2022, FTX had collapsed into bankruptcy after it was revealed that it had commingled user assets. Founder Sam Bankman-Fried is now serving a 25-year prison sentence.

In a February 2024 interview, David admitted he regretted taking part in the commercial. He said he lost money after receiving part of his salary in crypto.

Elon Musk’s Dogecoin “hustle” on “SNL”

In 2021, Tesla CEO Elon Musk repeatedly tweeted about Dogecoin, each post sending the meme token higher.

Musk was sued in 2022 for allegedly manipulating Dogecoin’s price, but the suit was dropped in 2024. Source: Elon Musk/TradingView

Earlier that year, Tesla had disclosed a $1.5-billion Bitcoin purchase, giving the industry a major stamp of approval from one of the world’s richest executives.

The frenzy peaked with Musk’s “Saturday Night Live” appearance in May 2021, which pushed Dogecoin (DOGE) to an all-time high of $0.76 ahead of the broadcast.

But the episode backfired for investors as Musk called Dogecoin a “hustle” during a skit, and by September 2022, the token had lost roughly 75% of its value against Bitcoin.

Magazine: Quitting Trump’s top crypto job wasn’t easy: Bo Hines





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October 2, 2025 0 comments
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South Korea’s Crypto Scene Shrinks As Traders Flock Offshore: Report

by admin October 2, 2025


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

South Korean crypto trading is shifting overseas as domestic exchanges see big drops in fiat deposits and trading activity, according to reports. While user numbers have risen, the money parked in won and the size of local markets have shrunk, signaling that more capital is finding its way to foreign platforms.

Capital Flight Accelerating

According to Fnnews, KRW deposits held on local exchanges fell by 42% to about ₩6.2 trillion compared with the end of last year. Daily average trading volume also slipped to ₩6.4 trillion, down 12% from the prior half-year.

Domestic crypto market capitalization was reported at roughly ₩95.1 trillion, a decline of 14% over the same period, while the global market cap fell by about 7%.

At the same time, outflows of crypto reached ₩101.6 trillion overall, with ₩78.9 trillion routed to registered foreign operators — that channel rose by 4%. These figures point to large sums moving beyond Korea’s trading venues.

Kimchi Coins Face Listing Pressure

Reports have disclosed that exchanges are tightening which tokens they list. The number of unique crypto assets listed domestically is 653, up by 55, but many of those assets trade only on a single platform.

There are 279 single-listing assets and about 43% of them have market caps of ₩100 million or less. That level of concentration leaves small tokens exposed to sharp price swings and to delisting risk if liquidity dries up or regulators press for stronger disclosure.

User Growth But Smaller Trades

User accounts are up to about 10.77 million, an increase of 11% from the prior year-end. Yet average capital per user appears lower, given the fall in KRW deposits and daily volume.

Total crypto market cap currently at $3.94 trillion. Chart: TradingView

Average losses from peak prices have also deepened; the mean maximum drawdown rose to about 72% from 68% previously. In short: more people hold accounts, but less money is staying on local platforms and risk for small holders has increased.

Regulatory And Banking Frictions Come Into Play

Based on reports, stricter rules and tougher bank partnerships are part of the story. Some exchanges struggle to keep real-name bank accounts or to meet new oversight criteria.

When fiat rails are weak, users turn to overseas venues that offer broader token lists and larger pools of liquidity. That has created an incentive for both traders and projects to look beyond the domestic market.

Featured image from Unsplash, 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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October 2, 2025 0 comments
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Crypto Trends

South Korean Actress Sentenced For $3-M Crypto Scam

by admin September 27, 2025


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

South Korean actress Hwang Jung-eum was handed a suspended prison term on Thursday after a court found she took company money and used most of it to buy cryptocurrency. According to the Jeju District Court, the total amount involved was about ₩4.34 billion — roughly $3.1 million — and the case has stirred sharp public reaction and industry fallout.

Court Hands Suspended Sentence

Based on reports, the court sentenced Hwang to two years in prison, but the sentence was suspended for four years, meaning she will not go to jail unless she breaks the terms of probation.

Prosecutors had asked for a three-year prison term. The court applied the Act on the Aggravated Punishment of Specific Economic Crimes in reaching its verdict.

Judges said factors such as full repayment and Hwang’s lack of a prior criminal record weighed in favor of leniency.

The Charges And How The Crypto Moved

Reports have disclosed that the alleged embezzlement took place across 13 separate transactions in 2022. About ₩4.2 billion of the money was used to buy crypto, while smaller sums covered property taxes and local levies through credit card payments.

According to charging documents, the withdrawals were recorded as provisional payments or advances and were later routed from the agency’s accounts into accounts controlled by Hwang.

Total crypto market cap currently at $3.69 trillion. Chart: TradingView

Crypto: Repayments And Admissions

Before the verdict, Hwang repaid the full amount, according to media reports and statements from her agency. Two large repayments were made on May 30, 2024 and June 5, 2024, reportedly funded by selling personal assets.

Hwang publicly apologized in court and in statements, calling the moves a misjudgment and accepting responsibility for her actions. Her agency has said that, as of mid-June 2025, all financial obligations between the actress and the company were settled.

Industry Response And Repercussions

Broadcasters reacted quickly. Based on reports, some networks edited Hwang out of programs, and a number of brand deals were paused or canceled.

The damage is both legal and reputational. While the court noted that the agency operated as a one-person company and that outside victims were limited, advertisers and networks tend to move fast when a high-profile legal case emerges.

Broader Questions About Celebrity Finances

Legal observers say the case highlights growing scrutiny of how entertainers handle company funds and crypto investments. South Korea has been tightening rules and oversight around virtual assets, and this verdict could signal stricter enforcement in the future.

Featured image from Unsplash, 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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September 27, 2025 0 comments
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South Korea’s Naver Financial ‘Discussing’ Upbit Stock Swap, Eyeing Stablecoin Market

by admin September 25, 2025



In brief

  • South Korean internet giant Naver is in talks over a share swap with Upbit operator Dunamu.
  • Naver’s filing confirmed talks on a share exchange and stablecoin projects were taking place, but said no terms are finalized.
  • The move builds on a July KRW stablecoin plan with Dunamu, ahead of new legislation expected in October.

South Korean internet giant Naver Corporation is in talks with crypto exchange Upbit operator Dunamu over a possible share swap that could bring the country’s largest exchange under the Naver group.

Naver shares rose as much as 11.4% on Thursday, per Google Finance data, after local outlet Chosun reported the companies had agreed to a comprehensive stock swap.

The report described a deal that would make Dunamu a subsidiary of Naver Financial, the group’s fintech arm, giving the tech giant direct control of Upbit and positioning it for a deeper move into crypto markets.

Naver filed a disclosure with the Korea Exchange addressing reports that it had agreed to a share swap with Dunamu, operator of Upbit. In the filing, Naver stated that it is “discussing various forms of cooperation with Dunamu, including the possibility of a share exchange as well as projects involving “stablecoins and unlisted stock trading.”

No additional details or methods have been finalized, but Naver has committed to re-disclose within a month or once specific terms are confirmed. In a statement shared with Decrypt, a Dunamu spokesperson said that, “Beyond discussions on stablecoins and unlisted stock trading platform, Dunamu and Naver Pay are exploring a range of additional collaborations,” adding that, “No further details or specific agreements have been finalized at this time.”



Naver and Dunamu

The talks build on a partnership announced in July when Naver Pay and Dunamu revealed plans for a KRW stablecoin.

That project positioned Naver as lead issuer with Dunamu in a supporting role, marking one of the first attempts to create a large-scale won-backed token ahead of new legislation. Earlier this month, Dunamu unveiled that it had been working on a custom Ethereum layer-2 blockchain called “GIWA” designed to open up new infrastructure for stablecoins and payments.

South Korean lawmakers are expected to table a stablecoin bill in October that would clarify issuer requirements, reserve rules, and audit standards. Major stablecoin players Tether and Circle have taken meetings with top executives from the country’s financial groups as early as August.

If the deal is completed, Naver would be the first major South Korean platform to fully integrate an exchange into its financial ecosystem. The company already dominates search, messaging, and payments in South Korea, and adding Upbit could accelerate cross-selling of its financial verticals, stablecoin adoption, and new trading products.

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September 25, 2025 0 comments
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Sui partners with t’order for commercial stablecoin payments in South Korea
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Sui partners with t’order for commercial stablecoin payments in South Korea

by admin September 25, 2025



South Korea’s largest table ordering service t’order has chosen the Sui blockchain to jointly develop a stablecoin infrastructure for commercial applications nationwide by leveraging the company’s extensive network.

Summary

  • t’order partners with Sui to launch a stablecoin payments system across 300,000 point-of-sale devices in South Korea.
  • The platform will use an upcoming won-pegged stablecoin that will be deployed on Sui.
  • Decentralized storage protocol Walrus will store transaction data.

Sui network announced the partnership via a Sep. 24 blog post, and said the collaboration will integrate t’order’s advanced QR code and facial recognition technologies to make everyday stablecoin payments more seamless.

t’order is South Korea’s largest point-of-sale ordering platform that processes over $4.3 billion in transactions annually. The company has long championed zero-fee payments for small businesses, and by integrating stablecoins, it hopes to replace costly card fees with faster, more affordable digital settlement.

According to Sui Foundation’s Managing Director, Christian Thompson, the collaboration is expected to target South Korea’s  food service market, which is valued at roughly 190 trillion KRW, and “improve the consumer experience for millions in Korea.”

“The mass adoption arc for stablecoins and crypto payments is rapidly accelerating, and it’s thrilling to see Sui at the forefront of this trend with innovative partners like t’order,” Thompson said.

The upcoming platform will be powered by a won-pegged stablecoin deployed on the Sui network. However, the announcement did not disclose a specific launch timeline or the name of the issuing entity. 

All transaction and loyalty data would be stored on Walrus, a decentralized storage protocol built on the Sui blockchain.

Once live, the stablecoin payments, rewards, and settlement system would be available across t’order’s nationwide network of over 300,000 point-of-sale devices.

“Our Partnership with Sui is the next step in that vision, leveraging our unique nationwide deployment capabilities and real-time infrastructure to create a new payment and settlement paradigm –one designed for and centered around small businesses,” a t’order spokesperson was quoted as saying.

SUI, the native token for the Sui network, did not immediately react to the news, and was down 3.4% in the past 24 hours, continuing its downtrend that began on Sep. 18.

South Korea’s growing appetite for stablecoins

Stablecoins have become a key focus area in South Korea over the past year as the nation pushes to develop a domestic digital asset ecosystem that reduces reliance on dollar-pegged tokens like USDT and USDC.

In recent months, local firms and financial institutions have accelerated efforts to issue won-based stablecoins, most notably with the launch of KRW1, a fully backed won-pegged token issued on the Avalanche blockchain.

At the same time, South Korean regulators have already kicked off efforts to finalize a legislative framework to regulate stablecoin issuance and operations in the country. A new bill set to be unveiled in October is expected to outline requirements around collateralization, internal controls, and issuer transparency.



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September 25, 2025 0 comments
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South Korean Internet Giant Naver to Buy Crypto Exchange Upbit: Report

by admin September 25, 2025



South Korean crypto exchange Upbit is about to be acquired by internet giant Naver, according to a report.

The deal would bring Upbit’s parent Dunamu under the umbrella of Naver Financial, making Dunamu a full subsidiary of Naver’s financial arm, the report said.

Upbit is one of the largest crypto exchanges in the crypto friendly country, while Naver operates multiple internet based services in South Korea, including Naver Pay.

The deal is likely to be a stock swap deal with Naver Financial issuing new shares in the crypto exchange for Dunamu’s current shares, the report added.

Shares of Naver jumped over 7% to korean won 246,000 ($175) after reports of the Upbit acquisition came out.

Reports of the deal come in the wake up of the South Korean government pushing to establish a framework for won-pegged stablecoins in the country.

Naver and Dunamu were not immediately available for comment.



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September 25, 2025 0 comments
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Crypto Trends

Over 200 Residents Lose Crypto In South Korea Tax Crackdown

by admin September 23, 2025


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

Cheongju city authorities have moved to collect unpaid local taxes by seizing cryptocurrencies from residents, according to reports. Since 2021, officials say they targeted 203 people who failed to pay local levies.

Of those, crypto from 161 individuals was already frozen or taken, with the city estimating the recovered value at about 1.5 billion won (roughly $1.1 million).

City Opens Exchange Account

According to city statements, Cheongju created a trading account on a domestic crypto exchange to make seizure and conversion easier. The change matters because it lets officials not only freeze assets but also sell them and apply the proceeds to overdue tax bills.

Officials told reporters they now have a clearer path to turn crypto holdings into cash for tax recovery.

How The Seizures Are Carried Out

Reports describe a multi-step process. Tax offices identify residents with unpaid bills. They then request information from exchanges to see whether those people hold virtual assets.

When ownership is confirmed, exchanges are ordered to suspend transactions or to transfer the assets to the municipal account. If the taxpayer does not settle the debt, the city may liquidate the holdings and use the proceeds to cover what is owed.

As of today, the market cap of cryptocurrencies stood at $3.85 trillion. Chart: TradingView

Other Local Governments Have Taken Similar Steps

Several other South Korean cities and districts have used similar tactics. Jeju City investigated 2,962 people for unpaid taxes and found 49 of them holding crypto worth about 230 million won.

Jeju’s wider unpaid-tax list totaled about 19.7 billion won. Gwacheon, in Gyeonggi Province, built an “electronic virtual asset seizing system” and has recovered roughly 300 million won over recent years, targeting residents who owe more than three million won in local taxes.

Paju sent notices to 17 people who owed about 124 million won and has previously seized around 100 million won in similar cases.

Implications And Concerns

The moves underline how local governments are pressing exchanges for data and exercising legal powers to collect taxes. Some citizens and observers worry about transparency and due process.

Questions include how quickly exchanges must act, whether taxpayers receive fair notice, and how volatility is handled when assets are sold. Reports also note growing use of data tools, including AI, by some cities to find undeclared holdings.

City Officials Say They Want Compliance

Based on reports, city leaders framed the actions as an effort to stop tax evasion through virtual assets. They have warned residents that cryptocurrency cannot be used to hide from tax obligations.

Still, legal challenges could arise, and appeals from affected residents may push some cases into the courts.

Featured image from Unsplash/Matthew Schwartz, 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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September 23, 2025 0 comments
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South Korea’s Suspicious Crypto Reports Double In 2025

by admin September 23, 2025


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

As the number of South Korean crypto investors surpasses the 10 million milestone, a lawmaker from the country’s ruling party has requested countermeasures to address the rising number of suspicious transaction reports (STRs) involving digital assets.

Suspicious Activity Reports Hit Record High

On Monday, Jin Sung-joon, a Democratic Party of Korea (DPK) lawmaker on the National Assembly’s Planning and Finance Committee, reportedly warned of the potential exploitation of digital assets amid the crypto industry’s increasing adoption.

“As stablecoins are increasingly used as payment and settlement tools in the real economy, the potential for their misuse in foreign exchange crimes like illegal currency exchange is growing,” Jin stated.

The lawmaker shared data from the Financial Intelligence Unit (FIU), revealing that the number of STRs received from local virtual asset service providers (VASPs) has nearly doubled this year. STRs hit a total of 36,684 cases between January and August, exceeding the combined cases from the previous two years.

The number of cases from the first eight months of 2025 represents an 86% increase from 2024’s total cases. Notably, the number of cases received has surged significantly over the past five years, jumping from 199 in 2021 to 10,797 in 2022. Meanwhile, the FIU recorded 16,076 and 19,658 STR cases in 2023 and 2024, respectively.

For context, domestic VASPs are required to report transactions suspected of money laundering and illicit activities to the FIU under the current Specific Financial Information Act. Additionally, exchanges must formally register as a VASP with the FIU to obtain a license and be able to conduct business in South Korea, such as storage, brokerage, and management of crypto assets.

Earlier this year, the financial authority found that many well-known overseas crypto exchanges, including BitMEX, KuCoin, CoinW, Bitunix, and KCEX, were not registered as VASPs, which led to 17 crypto apps being blocked in March.

According to Korea Customs Service (KCS) data highlighted by the lawmaker, the value of crypto-related crimes referred to prosecutors hit 9.5 trillion won, or $7.1 billion, between January 2021 and August 2025. 90% of these crimes involved illegal cross-border remittances facilitated by unlicensed channels.

South Korea’s Crypto Oversight

Authorities have also confirmed cases involving the use of stablecoins in illegal transactions. Jin affirmed that all relevant agencies must work together to take effective actions that address the rise of these new types of crimes and develop a system to prevent these illicit activities.

Relevant agencies, including the Customs Service and the FIU, must implement effective crackdowns—such as tracking criminal funds and blocking disguised transfers—while also developing systematic countermeasures against these new types of foreign exchange crimes.

It’s worth noting that the Financial Services Commission (FSC) has been working to develop digital assets legislation and shift its regulatory approach over the past year. The financial authority is expected to release the long-awaited framework for the issuance and distribution of won-backed stablecoins next month.

As the stablecoin sector gains momentum worldwide, South Korean lawmakers have pushed to establish the necessary legislation, with multiple bills being introduced in the National Assembly this year, including two rival bills in July by Korea’s ruling and opposition parties.

The banking sector has reportedly been in talks with Tether and Circle to discuss potential partnerships, as it has been exploring various legalization scenarios over the past few months. Ahead of the highly anticipated regulatory framework, digital asset custody firm BDACS officially launched the first South Korean won-backed stablecoin, KRW1, on the Avalanche blockchain.

In collaboration with Woori Bank, one of the four largest domestic financial institutions in the country, the crypto custodian plans to utilize the won-pegged stablecoin as a “low-cost payment and settlement system for public-sector programs” and build the “backbone of the digital asset market.”

Bitcoin (BTC) trades at $113,155 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 23, 2025 0 comments
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‘They believe’: South Florida’s hot start is no fluke

by admin September 11, 2025


  • Andrea AdelsonSep 11, 2025, 07:00 AM ET

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    • ACC reporter.
    • Joined ESPN.com in 2010.
    • Graduate of the University of Florida.

TAMPA, Fla. — USF coach Alex Golesh repeated the same thing after both of his team’s first two wins — a stunning blowout in the season opener against Boise State, and another shocker last weekend against Florida — “This ain’t the same ol’ South Florida, my brother!”

The 2-0 Bulls are ranked for the first time since 2018, notched the first win in school history over the Gators and are an early favorite to win the Group of 5 automatic berth into the College Football Playoff.

But there is more meaning behind those words, more than just a statement about big nonconference wins. Those nine words are a nod to one of Golesh’s close friends.

On the side of his headset, Golesh has the initials AAR, for the late USF men’s basketball coach Amir Abdur-Rahim.

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Golesh and Abdur-Rahim were hired within three months of each other, similar coaches with similar beliefs, tasked with the same goal: Get USF to shed its underachiever status. Abdur-Rahim had done it at his previous stop at Kennesaw State, developing the Owls from being a one-win team to reaching the NCAA tournament.

Golesh had inherited a one-win football program and looked to Abdur-Rahim for advice. A few days after Abdur-Rahim was hired, Golesh went to see him in his office.

“They had literally just done at Kennesaw what we were trying to do, build it the right way,” Golesh said.

The two hit it off immediately. Their kids went to the same schools. Their wives became friends. That first spring they were together, in 2023, Abdur-Rahim would come out to practice and quickly became a fixture around the football program.

He would text Golesh after games that first season and offered his thoughts on a four-year plan for success. Golesh and his son, Barrett, would go to basketball games as Abdur-Rahim led USF to its best season ever in 2023-24, winning its first conference title and a school-record 25 games. It was during that run that Abdur-Rahim went viral for saying, “This ain’t the same ol’ South Florida, my brother!”

As the Bulls finished off their 34-7 win over Boise State on Aug. 28, Golesh felt a presence around him. He thought back to what Abdur-Rahim told him from the very beginning: Year 3 is when the players stop hoping they can win. Now, they start believing they can win.

“Amir used to always say, ‘They ain’t gonna believe until they see it,” Golesh told ESPN. “I felt like, ‘All right. They believe.'”

That belief is why USF is 2-0. The question is: How did Golesh get them to believe?

Amir Abdur-Rahim, Michael Kelly and Alex Golesh just before Abdur-Rahim’s introductory news conference in March 2023. Courtesy Michael Kelly

When Golesh met with then-USF athletic director Michael Kelly to discuss the open head coaching job in December 2022, he had questions. USF had moments of success in its short football history — including back-to-back 10-win seasons in 2016 and 2017 — but its more recent record was abysmal. The Bulls finished 2022 with a 1-11 record and four total victories over a three-year span. And the program had never won a conference title.

Golesh wanted to know right away — Would USF provide the resources required to win? Would they give him time to turn the program around? The answer to both was a resounding yes.

“His experience at other places showed what he felt he needed,” Kelly told ESPN. “I never felt it was unreasonable. It was just, ‘This is the way it is if we’re going to win this league.'”

Kelly said the staff size increased, and an additional $1.5 million was added to the assistant coach salary pool. The recruiting budget increased. Golesh also had the entire nutrition, strength and conditioning program and athletic training staff revamped.

Under the previous staff, for example, players got breakfast and lunch but no dinner at the facility. But now, they get three meals a day and have access to a nutrition bar in the weight room. Plus, there are fully stocked mini-fridges and snack baskets in every team meeting room.

There was no bigger sign of commitment to football than the approval of an on-campus $349 million football stadium, set to open in 2027, an idea that had been decades in the making. Most days, USF players practice to the sound of steel pillars going into the ground, just beyond the practice fields.

“It just goes together with what we’re doing on the football field, building a foundation,” quarterback Byrum Brown says. “We put the dirt down. We’re putting up poles. We’re seeing what this program can really be for years to come.”

Resources are one thing. Buy-in and belief are another. Center Cole Best remembers a meeting Golesh had with returning players during his second day on the job.

“He said, ‘I just need a little blind faith,'” Best said. “And I said, ‘I’m going to give it to him, and I’m going to buy into whatever this is. It was difficult at times, but I knew within his first couple of days here that, ‘This is the guy.'”

Sixth-year linebacker Mac Harris, who was on those three USF teams that won four total games before Golesh arrived, said those teams often found ways to cut corners, or avoided doing what was hard and uncomfortable.

Golesh’s Bulls don’t take the easy way out.

“AG says it all the time, leave no rock unturned. Check every detail, go through every obstacle you have to go through the right way,” Harris says. “Some people call them cliches, but they mean something, and they hold weight. I think doing that each and every day, and holding your teammates accountable to it, and them holding you accountable to it, created an expectation to win.”

In his first season as head coach, USF went 7-6, the second-best win improvement among all FBS programs in 2023. Then last season, USF showed glimpses of its potential, playing Alabama close for three quarters before losing, and then playing Miami close for a half before losing. Brown missed the final seven games of the season with a lower leg injury and USF still finished 7-6 and made it to another bowl game.

With a healthy Brown and 15 other starters back, Golesh and his team felt optimistic about the possibilities for this season.

USF started the season with a statement-making blowout of last year’s best Group of 5 team, Boise State. Julio Aguilar/Getty Images

Yes, the start to the 2025 season came up during his job interview, as Golesh was looking at future schedules with Kelly. He looked down and saw a three-game nonconference doozy: Boise State, at Florida, at Miami. There was initial skepticism. Not because Golesh wanted to shy away from playing those teams. But playing all three in a row, in the same season, seemed, well, “kinda crazy.”

“The initial conversation was, ‘We’ll handle that as we get there, but it won’t look like that,” Golesh said. “We got to last January, and it still looked like that, and I’m like, ‘You know what? Let’s go play them.”

Last June, when Kelly was getting ready to leave USF to take the athletic director job at Navy, Golesh told him, “We’re going to go win those games, and you’re going to tell me, ‘I told you so.'”

If the win over Boise State had people across the country take notice, the win over Florida legitimized USF in a bigger way. For decades, there has been the “Big Three” in the state of Florida: Miami, Florida State and Florida. UCF made it into a Power 4 conference when it joined the Big 12, leaving USF fighting for national relevance in the Group of 5.

That helps explain why Golesh had 500 text messages waiting for him after the 18-16 come-from-behind win over the Gators.

The last-second win over Florida announced USF to the country. Julio Aguilar/Getty Images

Best said he had eight former teammates call him after that win to congratulate him. “It brings tears to my eyes,” Best says. “I took a step back and let it all soak in. It hasn’t been easy. It’s been the hardest thing I’ve ever done in my life, and to see it pay off, it just means the world.”

The process is the process, so there was no time this week for USF to celebrate a 2-0 start. Not with a trip to No. 5 Miami on deck. Golesh came into the office last Sunday and says he “ripped apart” the game tape with his staff.

“We haven’t arrived,” Golesh says. “We have two really good wins. We have another really good game, and then we’ve been really average in this conference for the last two years. We have so much left to do.

“As Amir used to say, ‘Headphones on. Hear nothing.”

There is a sadness in his voice as he recalls those conversations with Abdur-Rahim. They were supposed to be doing this together, celebrating each other’s wins as if they were their own. After Abdur-Rahim got sick last fall, he stopped coming around to practice but refused to tell Golesh what was wrong.

Then Golesh got a long text from Abdur-Rahim. He still has it saved in his phone. Abdur-Rahim wrote, in part, he was ready to fight what was ailing him, but seemed unsure whether doctors had any answers.

Abdur-Rahim died Oct. 24, 2024, at age 43, from complications that arose during a medical procedure related to his undisclosed illness. The loss was felt across the entire USF community, including the football team. As a lasting tribute to his friend, Golesh had a picture of Abdur-Rahim speaking to the team one day at practice enlarged and placed in the hallway of the football facility.

“Coach Golesh giving us a reminder of what a great human being he was, and what a great coach he was, and the lessons and advice that he instilled in us, it means a lot,” Brown says.

Golesh may not have responded to every single one of the hundreds of text messages he has received over the past two weeks. But there are two that he will never forget. Arianne Abdur-Rahim, Amir’s widow, texted Golesh after the Boise State win and again after the Florida win.

“Amir is looking out for you.”



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September 11, 2025 0 comments
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South Korea'S Upbit Rumored To Launch Blockchain Network 'Giwa'
GameFi Guides

South Korea’s Upbit Rumored to Launch Blockchain Network ‘GIWA’

by admin September 8, 2025



It is said that Dunamu, the parent company of Upbit, South Korea’s biggest bitcoin exchange, is working on its own blockchain network. Recent trademark filings for the name “GIWA” have led to the rumors, which have made people even more excited for a big statement at the company’s upcoming annual conference.

The rumors started with a story from a local news source called ‘Bloomingbit’. They are based on trademark applications that cover a number of blockchain technologies.  In these filings, descriptions are given for blockchain software, systems for next-generation digital identity, and infrastructure for issuing and selling digital assets. GIWA means “Tile” in Korean, which makes it sound like a basic technology that will allow a wider range of on-chain apps.

A Strategic Growth

Dunamu has mostly been a trade services provider through Upbit, but this possible move would be a big step toward growing strategically. It would then be up against other global markets that have already started their own private chains.  This change would let Dunamu make money from things other than trading fees and help build a native community of decentralized apps and services.

It’s interesting that this news came out just one day before Dunamu’s yearly “Upbit D Conference” (UDC 2025) starts in Seoul on September 9.  The meeting is a big event for the industry in South Korea. Which, in case, making it official during the event, can turn the Korean blockchain ecosystem more competitive

Dunamu’s possible move into blockchain development is more than just an addition to their current products; it’s a strategic move to create a complete, fully integrated crypto environment.  If it goes live, the GIWA network could quickly become popular by using Upbit’s huge user base. This would create a powerful new platform for coders in South Korea and around the world, positioning Dunamu in a spotlight in Korea, as well as global player.

Also Read: Dunamu, MB Bank to Launch Vietnam’s First Crypto Exchange



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September 8, 2025 0 comments
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