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Vesting NFTs Surge on BNB Chain as Token Lockups Become Tradable
NFT Gaming

Vesting NFTs Surge on BNB Chain as Token Lockups Become Tradable

by admin September 26, 2025



Vesting NFTs surged to the top of data aggregator CryptoSlam’s daily sales volume rankings on Friday, generating over $12.4 million on BNB Chain.

The sharp spike placed the niche non-fungible tokens (NFTs) product ahead of legacy digital art collections like CryptoPunks and Pudgy Penguins, signaling that investors are showing interest in new forms of liquidity for vested tokens.

The activity surge also made BNB Chain the top network for daily NFT sales with about $14 million, almost doubling Ethereum’s $7 million for the day. 

CryptoSlam data showed that UNCX Network, a decentralized service provider, operates the Vesting NFTs that surged on BNB Chain. The project allows users to wrap vested tokens and mint a tradable NFT voucher. 

Top 10 NFTs by sales volume. Source: CryptoSlam

Vesting NFTs could have billion-dollar use case

Vesting is commonly used to deter early investors and team members from hastily selling their tokens for a profit and leaving the business early. Projects lock the tokens, essentially barring holders from selling them. 

However, vesting NFTs has the potential to allow holders of vested tokens to access liquidity by selling their NFTs. 

Vesting NFTs wrap token lockups into tradable NFTs that act as a voucher. Owning the NFT grants the holder rights to claim the vested tokens according to their programmed timeline.

This allows users with locked tokens to have and trade liquidity without breaking their original vesting agreements. 

While the volume for Vesting NFTs is only in the millions, crypto vesting is a deeply integrated mechanism within the crypto ecosystem. 

Tokenomist data showed that in September, the crypto market released about $15 billion in vested tokens into the market. The platform also showed that a combined figure of $10 billion will be unlocked in the next two months. 

Related: Ronin Treasury to start buying back millions of RON starting next week

Utility-based NFTs top sales charts

Apart from Vesting NFTs, other utility-based NFTs ranked in the top 10 of CryptoSlam’s 24-hour chart. Real-world asset (RWA) tokenization platform Courtyard, which allows users to use NFTs as vouchers for physical collectibles, was ranked 10th for the day, with nearly $500,000 in sales. 

In April, Courtyard’s sales surged, pushing Polygon to the top of the weekly NFT sales chart. At the time, Courtyard NFTs reached a volume of $22.3 million in just seven days. 

DMarket, a platform that allows the selling of interoperable gaming NFTs, also ranked among the top projects in NFT sales. It lets gamers use NFTs as a unique digital certificate of ownership of gaming cosmetics, character outfits and weapon looks. 

Magazine: ‘Help! My robot vac is stealing my Bitcoin’: When smart devices attack



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September 26, 2025 0 comments
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Mrbeast Invests Nearly $1M In Aster Token Amid Market Scrutiny
GameFi Guides

MrBeast Invests Nearly $1M in ASTER Token Amid Market Scrutiny

by admin September 26, 2025



Popular YouTuber Jimmy Donaldson, widely known as MrBeast, has invested nearly $1 million in the ASTER, native token of decentralized derivatives exchange Aster. 

According to Lookonchain, MrBeast purchased 538,384 ASTER tokens worth nearly $990,000 over the past three days. He reportedly deposited $1 million USDT into Aster using two public wallets before withdrawing the tokens at an average cost of $1.87 from the exchange. 

The purchase comes after he recently lost $20k while going long on the token on September 22. 

As of writing, ASTER token was trading at $1.79, down 12.39% in the last 24 hours, with a 24-hour volume of $2.52 billion, as per CoinMarketCap data. 

MrBeast’s trading history raises eyebrows

MrBeast has previously faced criticism for allegedly hyping tokens and then selling at a profit. Lookonchain revealed he made over $23 million from getting in early on new projects and promoting them. MrBeast’s biggest crypto payday came from SuperVerse. Insiders have reportedly sold during a massive 50x price jump, leaving regular investors with heavy losses.

MrBeast (@MrBeast), an influencer with 31.2M followers, has engaged in insider trading, misleading investors, and using his influence to pump tokens, only to dump them later.

He has made over $23M in profits from various crypto projects:

$11.45M from $SUPER
$4.65M from $ERN… pic.twitter.com/gMtXVemCDE

— Lookonchain (@lookonchain) October 30, 2024

The controversy didn’t stop there. Reports claimed that he deleted social media posts and leaked private messages, suggesting he may have had ties to other questionable projects. Some of them include Ethernity Chain, Polkamon, STAK, and AIOZ Network.

On September 21, Lookonchain noted on X, “MrBeast profited over $23M through insider trading, misleading investors, and using his influence to pump tokens.” While supporters argue this reflects sharp investing, critics see an exploitative pattern. 

Aster’s rapid growth and challenges

According to data from DefiLlama, Aster recently reached $24.7 billion in daily perpetual trading volume, far outpacing Hyperliquid’s $10 billion number. Aster’s token generation event last week attracted attention as well, as Binance Co-Founder CZ acknowledged the high demand for it.

However, the token encountered challenges when XPL contracts surged unexpectedly. In an X post, the exchange assured the affected that “all funds are SAFU” and promptly reimbursed any losses within hours. 

We are aware of abnormal price movements on the XPL perpetual trading pair. Rest assured, all user funds are SAFU. We are conducting a full review and will compensate any affected users for losses.

— Aster (@Aster_DEX) September 25, 2025

MrBeast’s $1 million move into ASTER has everyone talking, but it also brings extra attention from regulators. Investors should stay alert and think twice before following the hype.

Also Read: XPL Price Surges 58% As Plasma Mainnet Goes Live With Tether





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September 26, 2025 0 comments
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Bitcoin miners (Shutterstock)
Crypto Trends

Stablecoin-Focused Plasma’s XPL Token Debuts With $2.4B Market Cap

by admin September 25, 2025



The stablecoin-focused Plasma blockchain’s native token, XPL, debuted on major exchanges, including Binance and OKX, on Thursday.

The token drew a price of up to $1.54 in early trading, resulting in a market capitalization of over $2.8 billion. The plasma token has a genesis supply of 10 billion, of which 18% or 1.8 billion is now in circulation.

The Plasma network also debuted with over $2 billion in stablecoin total value locked and an EVM-compatible design.

Use case

XPR serves as the gas token for transactions and smart contract execution, as well as the staking asset that secures the network, and finally, as the reward token for validators.

Plasma allows gasless transfer of stablecoins for end-users. In other words, it allows zero-fee transfers only for simple USDT sends and receives.

However, more complex transactions, such as deploying contracts or decentralized applications, require XPL to be paid as gas, or a portion of stablecoins to be converted to XPL as fees, according to Delphi Digital’s explainer.

Early this week, Plasma launched Plasma One, a stablecoin-native neobank with the aim of providing users with permissionless access to spending, earning, and saving digital dollars.

Tokenomics

XPL is the native token of the Plasma blockchain, analogous to ETH on Ethereum and SOL on Solana. XPL serves as the gas token for transactions & smart contract execution, the staking asset securing the network, and the reward token for validators.

The XPL token has a fixed total supply of 10 billion tokens. Of this, 40%—equaling 4 billion tokens—is allocated for ecosystem and growth initiatives. At launch, 8% of the total supply (800 million tokens) will be unlocked from this ecosystem allocation to support initial activities such as liquidity provision and partnerships.

The remaining 3.2 billion ecosystem tokens will be gradually unlocked monthly over a three-year period to ensure steady liquidity and ongoing development.

Furthermore, 25% of the supply (2.5 billion tokens) is allocated to founders, developers, and employees, who face a one-year cliff preceding vesting, followed by linear vesting over the next two years. Another 25% (2.5 billion tokens) have been allocated to early backers and strategic partners, with the same vesting terms as the team: a one-year cliff followed by two years of linear vesting.

The token follows an inflationary model, with Validator rewards initially starting at a 5% inflation rate, which will decrease each year until it stabilizes at 3%.

Read more: Peter Thiel-Backed Plasma Unveils ‘HotStuff-Inspired Consensus’ For High-Frequency Global Stablecoin Transfers



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September 25, 2025 0 comments
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Transactions per second compared with Base (TokenTerminal)
NFT Gaming

BNB Token News: Fees to be Cut

by admin September 25, 2025



Validators on BNB Chain have proposed lowering the minimum gas price from 0.1 Gwei to 0.05 Gwei while reducing block intervals from 750 milliseconds to 450 milliseconds.

The goal is to drive average transaction costs down to around $0.005, making the network competitive with low-cost chains such as Solana and Base.

The proposal follows a decision In April 2024 to cut gas from 3 Gwei to 1 Gwei, and again in May it was cut to 0.1 Gwei, with fees dropping by 75% as a result.

“As long as staking APY remains above 0.5%, BNB Chain should strive to have the lowest gas fees possible,” the proposal notes, framing ultra-low costs as a core principle of network growth.

Transactions per second compared with Base (TokenTerminal)

The timing of the proposal is key; on-chain trading activity is booming with decentralized exchange Aster emerging as the breakout trading venue.

According to CoinMarketCap, the exchange processed $29.37 billion in perpetual futures volume over the past 24 hours. Data from DefiLlama shows Aster generating $7.2 million in daily revenue, more than double HyperLiquid’s $2.79 million.

That strength is mirrored in their tokens. ASTR has surged 37% in the past 24 hours, lifting its market capitalization from $931 million a week ago to $3.74 billion. By contrast, HYPE has shed billions in value, falling from $14.88 billion to $11.73 billion.

Trading-related transactions already dominate BNB Chain’s activity, rising from 20% at the start of 2025 to 67% by June. The proposal notes that a lower cost environment could drive further growth.

BNB token, meanwhile, is down by 1% in the past 24 hours but still remains above a key psychological level at $1,000 with daily volume topping $3.8 billion.



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September 25, 2025 0 comments
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FTT token activity surges after SBF's post (The Tie)
NFT Gaming

Sam Bankman-Fried’s Sudden ‘gm’ Lifts FTT Token Drawing Crypto Community Ire

by admin September 24, 2025



“What”: a simple reply by crypto influencer Gainzy pretty much summed up the sentiment when the notorious convicted fraudster Sam Bankman-Fried, or SBF, seemingly posted on social media after a long hiatus (and despite being in jail).

To make matters worse, the token linked to defunct crypto exchange FTX surged nearly 24% in the last 24 hours, after his X account posted a simple “gm” on Tuesday.

This simple post seems to have been taken as an opportunity by speculative crypto traders to pump the FTT token, which now has no value associated with it, nearly 50%-60% within minutes, reaching a peak of around $1.20-$1.23. Despite his incarceration and clarification that the post was made by a “friend” on his behalf, the token is still up 25%, trading around $1.014, according to CoinDesk data.

The FTT token has also seen a sharp increase in activity and trading volumes following the post, according to data compiled by The Tie.

The number of active addresses reached 201, significantly outpacing the monthly average of 56, The Tie said. Additionally, centralized exchange deposits doubled, reaching 13, while withdrawals quadrupled to 38 compared to the monthly average, it added.

‘Wen memecoin’

The crypto community on X reacted swiftly with anger, skepticism and humor to SBF’s post.

One of the most scathing replies came from on-chain investigator ZachXBT. In a now-deleted post, he condemned SBF, stating that he “deserves zero human rights” due to the harm caused by FTX’s collapse. His view reflects a segment of the community’s lingering resentment towards FTX’s collapse, which hurt investors who are still waiting for some of their funds from its bankruptcy estate and the broader crypto community.

Read more: Who Won and Lost Most in Sam Bankman-Fried’s Criminal Scheme?

Other community members, including Laura Shin, mocked SBF’s sudden social media activity, saying, “That’s so 2021.”

Meanwhile, Arthur Hayes, the BitMEX co-founder who now runs crypto venture fund Maelstrom, took a humorous jab, replying “Wen memecoin?” — a likely playful reference to the speculative, meme-driven nature of the surge in FTT token after SBF’s unexpected post. This potentially underscores a view that the price movement was more about market psychology than substance.

Not the first time

The surge in FTT token — once a key utility token for trading fee discounts and staking benefits on the FTX exchange — has been largely dormant since the platform’s spectacular implosion that ushered in a brutal crypto winter that devastated many investors.

However, strangely enough, this is not the first time this has happened. The same thing unfolded in February of last year, when the SBF’s account posted on X for the first time in two years. At the time, he was detained in the Metropolitan Detention Center in Brooklyn, and his lawyers were working through an appeal of his conviction (the appeal is ongoing, with arguments currently scheduled for November 2025).

The new social media post also came as the FTX estate continues to work to repay creditors.

The FTX Recovery Trust is set to release $1.6 billion to creditors at the end of this month, marking the third major payout since the crypto exchange’s implosion nearly three years ago.

This recent activity, though potentially short-lived, shows the token still reacts sharply to headlines and sentiments — especially those tied to its controversial founder.

Read more: Private Jets, Political Cash Among $1B in Sam Bankman-Fried’s Forfeited Assets: Court



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September 24, 2025 0 comments
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Mutuum Finance crosses $16.2m raised with 500% token growth
GameFi Guides

Mutuum Finance crosses $16.2m raised with 500% token growth

by admin September 24, 2025



Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Mutuum Finance has drawn attention in 2025 with its fast-growing presale, lending protocol features, and plans for long-term scalability.

Summary

  • The Mutuum Finance presale has raised over $16.2 million, gained more than 16,000 holders, and shown steady price growth across multiple phases.
  • The project introduces dual lending markets, oracle integration, and Layer-2 expansion to support decentralized borrowing and lending.
  • Security measures include a CertiK audit, a $50,000 bug bounty program, and incentives aimed at building investor confidence.

The 2025 crypto market is witnessing renewed enthusiasm for projects that combine utility with strong presale momentum. Mutuum Finance (MUTM) has emerged as one of the most notable names in this category, drawing investor attention by raising more than $16.2 million and securing a rapidly growing community. With its presale already showing structured appreciation and a roadmap filled with utility-driven features, analysts say Mutuum Finance is positioning itself as a standout DeFi project ahead of its official launch.

Mutuum Finance

Mutuum Finance launched its presale in early 2025 with tokens priced at just $0.01 in Phase 1. Since then, the project has advanced steadily through five completed stages and is now priced at $0.035 in Phase 6, reflecting a 350% appreciation so far. According to the roadmap, the token will officially debut at $0.06, marking a 500% increase compared to its starting point.

Momentum behind the presale has been strong. To date, Mutuum Finance has raised over $16.2 million in funding, attracted more than 16,550 holders, and sold upwards of 730 million tokens. Each presale phase introduces a 15–20% price increase, creating consistent urgency for investors who want to enter before the next adjustment. Analysts say this structured model has fueled confidence by rewarding early participants while keeping demand steady throughout each stage.

Adding to the appeal is the Top 50 holders dashboard, which tracks leading investors in real time and will reward them with additional MUTM tokens at launch. This system encourages deeper commitment from participants while strengthening long-term community engagement. Alongside this, a $100,000 giveaway campaign is underway, offering ten winners the chance to secure $10,000 worth of MUTM each, further highlighting the project’s focus on adoption.

Analysts also note that presale growth reflects both retail demand and the participation of larger investors. Reports of six-figure commitments in recent weeks signal that institutional players are starting to take notice, helping to bolster sentiment and presale momentum.

Dual-lending markets, borrowing rates and mtTokens

At the heart of Mutuum Finance is a decentralized lending and borrowing protocol designed around dual lending markets. The Peer-to-Contract (P2C) model allows users to deposit assets like ETH or BNB into pooled markets, with borrowing rates adjusting dynamically based on utilization. Meanwhile, the Peer-to-Peer (P2P) model provides flexibility by allowing participants to negotiate custom lending agreements, even for tokens not typically supported in pooled markets, such as DOGE.

Borrowers benefit from both variable and stable interest rates, giving them control over repayment predictability. Lenders, in turn, receive mtTokens, which are issued at a 1:1 ratio to deposits and serve as proof of ownership. These tokens can accrue yield and, according to the roadmap, will also play a role in the platform’s safety module, where they can be staked to unlock additional rewards.

Importantly, the roadmap states that a beta version of the platform will launch alongside the token’s official debut at $0.06, giving investors and users immediate access to these lending and borrowing features. Analysts say this early functionality sets Mutuum Finance apart from many presale projects that debut without a working product, increasing its chances of securing early listings on major exchanges.

Layer-2 and Oracles: Analyst views on value

Mutuum Finance is also preparing for a Layer-2 integration that will reduce transaction costs and improve scalability. Combined with plans for multi-chain deployment, this expansion is expected to open the protocol to a broader user base across ecosystems.

On the technical side, the project is incorporating oracle infrastructure such as Chainlink data feeds to ensure accurate pricing and reliable liquidations. Analysts note that robust oracles are critical for maintaining fairness and solvency in lending protocols, and Mutuum’s commitment to this infrastructure strengthens its long-term credibility.

From a valuation perspective, experts argue that these upcoming features could significantly influence MUTM’s trajectory. Conservative projections place the token between $0.10 and $0.15 in the short term, while mid-term growth tied to oracle deployment and Layer-2 adoption could lift it toward the $0.25–$0.40 range. Bullish forecasts place MUTM closer to $0.75, translating into a 15x MUTM value increase from today’s presale price once adoption unfolds as expected.

Security, bug bounty, and investor confidence

Beyond presale momentum and roadmap milestones, Mutuum Finance is putting equal weight on security and transparency. The project has completed a CertiK audit with a 90/100 token score, placing it among the highest-rated audited DeFi projects. To further safeguard users, the team has launched a $50,000 bug bounty program, structured across four tiers, to incentivize security researchers and developers to identify vulnerabilities before launch.

These initiatives reflect a broader strategy to build confidence among both retail and institutional participants. Combined with community incentives like the $100,000 giveaway and Top 50 holders rewards, Mutuum Finance is demonstrating that its focus extends beyond fundraising to building a secure, engaged, and scalable ecosystem.

To learn more about Mutuum Finance, visit the official website and socials.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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September 24, 2025 0 comments
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UXLINK passes smart contract audit ahead of token migration
GameFi Guides

UXLINK passes smart contract audit ahead of token migration

by admin September 24, 2025



UXLINK has finalized a new smart contract audit as it prepares for a token migration following a recent exploit that allowed the hacker to mint tokens.

Summary

  • UXLINK audit confirms new fixed-supply token contract.
  • Hack on Sept. 22 drained $11.3M and minted billions in UXLINK tokens.
  • Attacker later fell victim to phishing attack, losing 542M UXLINK tokens.

UXLINK has passed a security audit for its redesigned token contract and is preparing for a migration following a multi-sig breach that drained millions and led to mass unauthorized minting.

The UXLINK (UXLINK) team posted the update on X on Sept. 24, stating that the new Ethereum (ETH) contract had passed its audit and would be deployed on the mainnet as part of an emergency token-swap plan.

The team said it has removed the mint–burn function, will keep the UXLINK ticker for continuity, and is submitting migration details to centralized exchanges. It also plans to respond to an inquiry by Korea’s Digital Asset eXchange Association today.

Security Notice – Update 5

We would like to share the latest progress on the UXLINK token migration:

1. The new UXLINK smart contract has successfully passed its security audit.
2. The contract will be deployed on the Ethereum mainnet. The contract dropped the mint-burn…

— UXLINK (@UXLINKofficial) September 24, 2025

What the audit fixes and how the migration will work

The audited contract sets a fixed supply and drops on-chain minting to prevent repeat exploits. UXLINK said cross-chain interoperability will rely on partner services rather than a native mint function.

The migration plan is meant to realign supply with the project’s whitepaper and to restore confidence after the compromise. Centralized exchanges have been briefed and most have pledged support or temporary suspensions while the swap is coordinated.

More on UXLINK exploit

On Sept. 22 attackers used a “delegateCall” vulnerability to seize admin rights over UXLINK’s multi-signature wallet. That allowed transfers of roughly $11.3 million in assets, including stablecoins, ETH, and WBTC, and enabled the attacker to mint between 1 and 2 billion UXLINK tokens on Arbitrum.

About 490 million of those tokens were dumped on decentralized exchanges, bridged to Ethereum, and swapped for roughly 6,732 ETH, according to chain analysis. The minting and sell-off pushed UXLINK down more than 70%, from about $0.30 to roughly $0.09.

Security firms and exchanges moved quickly. PeckShield joined the probe, and major CEXs including Upbit froze suspect deposits, limiting further laundering. Law enforcement has been notified and recovery procedures are active.

UXLINK attacker falls victim to phishing scam

In an unexpected twist, the attacker was later phished. ScamSniffer and on-chain investigators flagged a subsequent approval-based drain that moved roughly 542 million UXLINK to phishing wallets tied to the Inferno Drainer network. One large transfer totaled 433,583,532 UXLINK.

That siphon reduced the exploiter’s usable holdings, though the attacker still realized substantial proceeds.

UXLINK says frozen addresses are under recovery procedures and that community losses will be handled with transparency and compensation. The audited contract and migration are the next steps in that effort. The team urged users to follow only official channels for migration instructions.





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September 24, 2025 0 comments
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Decrypt logo
Crypto Trends

Sam Bankman-Fried’s X Account Awakens, Sends FTT Token Soaring

by admin September 24, 2025



In brief

  • SBF’s verified X account posted “gm” Tuesday evening despite prison restrictions on internet use.
  • FTT token surged 32% following the tweet, with volume climbing from $10.4M to $59M.
  • The FTX estate has filed a $1.1 billion lawsuit against Genesis Digital and plans to distribute $1.6 billion to creditors by September 30.

On Tuesday evening, Sam Bankman-Fried’s verified X account posted a two-letter greeting, “gm,” short for “good morning.”

While the greeting has become a familiar catchphrase in the crypto community, SBF’s message drew immediate attention because inmates in U.S. federal prisons are not supposed to have direct access to social media.

The account later clarified in a reply that SBF himself is not posting, and that a friend was doing so on his behalf, after this story went live.

FTT, the native token of the now-bankrupt FTX exchange, is trading at around $1.10 at the time of writing, up roughly 32% over the past 24 hours. Daily trading volume has surged almost sixfold, from approximately $10.4 million to nearly $59 million, according to data on CoinGecko.

Once used to cut fees and serve as collateral on FTX, the token lost its core utility after the exchange’s November 2022 bankruptcy. It continues to draw speculative trading interest during the estate’s liquidation process.

SBF, founder and former CEO of the shuttered FTX exchange, is serving a 25-year federal sentence after being convicted on seven counts of fraud and conspiracy for siphoning off billions in customer funds from the exchange and misleading investors about its finances.

He last tweeted at length months earlier in a series of posts reflecting on layoffs, workplace challenges, and even government bureaucracy, writing about the difficulty of firing employees, expressing sympathy for those facing unemployment, and joking about not checking emails for days.

A week later, he thanked former Fox News host Tucker Carlson for a prison interview.

Earlier on Tuesday, the FTX Recovery Trust filed a lawsuit against Bitcoin mining firm Genesis Digital Assets, seeking to claw back $1.1 billion. The lawsuit alleges that the company received preferential payments in the months leading up to the exchange’s collapse.

The move comes just days before the estate is set to begin its third major creditor distribution on September 30, which will release about $1.6 billion to verified claimants.

Tweets from prison

SBF was transferred to the Federal Correctional Institution Terminal Island in Los Angeles in April, after 18 months at the Metropolitan Detention Center in Brooklyn, New York.

Under the Bureau of Prisons’ rules, federal inmates may use TRULINCS, a secure messaging system that allows text‐only communication (no attachments) with approved contacts. The system is monitored and screened, and does not grant access to the wider internet.

Possession or use of a contraband cellphone is strictly prohibited, and if discovered, it can lead to disciplinary action, including solitary confinement or docking of “good conduct time.”

Some inmates’ attorneys attempt to post statements: the inmate sends a text or letter to someone outside, who then posts it to their social media handles.

Decrypt reached out to Sam Bankman-Fried’s defense counsel at Shapiro Arato Bach LLP, as well as officials at the Federal Bureau of Prisons and FCI Terminal Island, for comment on the “gm” post but did not immediately receive a response.

Editor’s note: Additional details on who tweeted from SBF’s official account were later added to this story.

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September 24, 2025 0 comments
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UXLINK token swap after security breach
Crypto Trends

UXLINK plans token swap as hacker continues minting tokens

by admin September 23, 2025



UXLINK will launch a token swap after a hacker exploited its multi-sig wallet and began minting tokens while also draining millions in assets.

Summary

  • UXLINK suffered a $11.3M hack via multi-sig breach.
  • Token price dropped over 70% after exploit.
  • UXLINK plans token swap to restore supply integrity as hacker continues unauthorized minting.

UXLINK is preparing a token swap to protect its ecosystem after a hacker exploited its multi-signature wallet and continued unauthorized minting of tokens.

On Sept. 23, UXLINK posted a security update on X confirming that a malicious actor is still minting UXLINK tokens without authorization. The team said it is working with major centralized exchanges to suspend trading and will soon initiate a token swap plan to restore the project’s token economy.

UXLINK breach and unauthorized minting

The attack was first disclosed on Sept. 22 after blockchain security firm Cyvers flagged suspicious activity on UXLINK’s smart contracts. The project’s multi-sig wallet was compromised by hackers who exploited a “delegateCall” vulnerability to gain administrator privileges. 

This made it possible for assets worth approximately $11.3 million to be stolen, including $4.5 million in stablecoins and major tokens such as ETH and WBTC.

The attacker also minted between 1–2 billion UXLINK tokens on Arbitrum (ARB), of which 490 million were initially received and later sold across decentralized exchanges. Proceeds were bridged to Ethereum (ETH) and swapped into ETH, netting around 6,732 ETH ($28.1 million at current prices).

Despite quick intervention from exchanges, including Upbit, which froze deposits, the minting exploit has left the token supply compromised. UXLINK’s price dropped over 70% in the aftermath, falling from $0.30 to near $0.09, erasing around $70 million in market cap.

UXLINK’s response and mitigation efforts

The project emphasized that user wallets were not directly affected. Most of the hacker’s funds have been frozen on exchanges, and law enforcement agencies are involved in recovery efforts. PeckShield has been engaged to assist with the investigation and auditing.

With the ongoing unauthorized minting, UXLINK said a token swap will be rolled out “promptly” to protect holders and realign the supply with its whitepaper rules. Further instructions will be issued through official channels.

The team reiterated its focus on protecting its 55 million users and ensuring transparency during the recovery process.



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September 23, 2025 0 comments
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Dfinity Chief Scientist Dominic Williams speaks at Consensus 2019.
NFT Gaming

XRP Holders Can Now Earn Up to 8% Through New Liquid Staking Token

by admin September 22, 2025



Real-world assets (RWA) focused project Midas and Interop Labs unveiled mXRP, an attempt to channel dormant XRP supply into yield-bearing structures the could deliver returns as high as 8%.

Announced at XRPL Seoul 2025 on Monday and pitched as the first liquid-staking product tied directly to the XRP ecosystem, the product is minted on XRPL’s EVM through audited contracts. XRP is bridged in and wrapped under Midas’ tokenized certificate framework.

MXRP can be used as a structured vehicle that users can slot into existing decentralized finance (DeFi) infrastructure, with early strategies including market-making and liquidity provisioning.

Targeted net returns are set in the 6%–8% range, with outcomes fluctuating depending on underlying strategy performance.

“Much of the XRP supply has been dormant for years; mXRP provides a transparent mechanism for users to access on-chain strategies,” said Dennis Dinkelmeyer, co-founder and CEO of Midas. “With strong community demand and DeFi integrations, we believe mXRP can play a key role in unlocking new use cases for XRP.”

The mXRP token is fully integrated within the XRPL EVM ecosystem at launch and can be deployed across DeFi protocols, such as lending markets and native integrations, to access additional opportunities.



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September 22, 2025 0 comments
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Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • One of Borderlands’ most hated characters seems to have been cut from Borderlands 4

    October 7, 2025
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    October 7, 2025

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