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Token

VersaBank Kicks Off Tokenized Dollar Deposit Pilot Using Algorand, Ethereum and Stellar
Crypto Trends

Joins Race to Issue Hyperliquid’s USDH Stablecoin With BlackRock-Backed Token

by admin September 10, 2025



Decentralized finance protocol Ethena ENA$0.6692 submitted Tuesday a proposal to issue Hyperliquid’s upcoming stablecoin, joining a bidding race that has already attracted a slew of companies like Paxos, Sky, Frax and Agora.

The token would be fully backed by Ethena’s USDtb, a stablecoin issued with federally chartered bank Anchorage Digital and fully backed by BUIDL, the tokenized money market fund by asset management giant BlackRock and Securitize.

“We are excited to enable Ethena’s USDtb, which is 100% backed by BUIDL and uniquely positioned to offer institutional grade cash management as well as on-chain liquidity to Hyperliquid users,” said Robert Mitchnick, Blackrock’s head of digital assets, in the proposal.

If adopted, Ethena pledged that 95% of net revenue from USDH reserves would flow back to the Hyperliquid ecosystem, the proposal said. Ethena also said it would cover the costs of migrating existing USDC trading pairs on Hyperliquid to USDH to ease adoption.

The proposal comes as competition to win the issuance of Hyperliquid’s USDH stablecoin is intensifies. The decentralized exchange executed almost $400 billion in perpetuals trading volume last month, making it an attractive market for stablecoin providers to corner. Sky (formerly MakerDAO), Paxos, Sky, Frax, Agora and Native Markets threw their hat in the ring. Validators are set to vote on proposals on September 14.

Read more: Sky Pitches Genius-Compliant USDH Stablecoin With $8B Balance Sheet and 4.85% Yield



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September 10, 2025 0 comments
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Etherex price gains 40% amid Linea rewards program launch
GameFi Guides

Movement price up 7% but $6M token unlock could stall rally

by admin September 9, 2025



Movement has made gains but a looming $6 million token unlock on Sept. 9 threatens to stall the recovery.

Summary

  • Movement price is up 7% to $0.126 as trading volume jumps 65%.
  • A $6M MOVE token unlock on Sept. 9 could pressure the rally.
  • Monza upgrade drove 10x DEX volume and 61% TVL growth.

Movement (MOVE) is trading at $0.126 at press time, up 7% in the past 24 hours. The token has ranged between $0.1144 and $0.1262 over the past week, gaining 6% in seven days but still down 11% on the month. MOVE remains 91% below its all-time high of $1.45 from Dec. 2024.

As the price recovered, trading activity has increased. MOVE’s 24-hour trading volume was $32.8 million, up 65% from the day before. Similar momentum is seen in derivatives metrics.

As per Coinglass data, MOVE futures volume rose 50% to $38.9 million, while open interest climbed 4.3% to $51.2 million. Rising open interest combined with higher trading volume often signals renewed speculative demand.

Rising DEX metrics amid Monza upgrade

The rally follows positive updates from the Movement team about its Monza upgrade. Since Sept. 5, the project has reported a 10x increase in decentralized exchange volume, a 12x improvement in latency, a 7x jump in stablecoin total value locked,  and a 61% overall TVL increase.

According to DeFiLlama data, Movement’s TVL now stands at $165 million, with DEX volume of $64 million in the first week of September and a $45 million stablecoin supply.

MOVE token unlock could pressure price

Despite the bullish momentum, MOVE faces a key test with a Sept. 9 unlock of 50 million tokens, worth around $6.25 million, as per Tokenomics data. With 26.5% already in circulation and 73.5% still locked, the release accounts for 1.89% of the entire supply. 

As new tokens hit the market, big unlocks often lead to selling pressure. MOVE may lose its recent gains if supply exceeds demand.

Movement price technical analysis

On the daily chart, MOVE is attempting to break out of consolidation. As the price tests the upper band at $0.126, the Bollinger Bands are getting narrower, which could indicate an increase in volatility. 

Movement daily chart. Credit: crypto.news

In general, oscillators are neutral. The relative strength index is at 50, and there is no directional bias in the Williams%R, commodity channel index, or stochastic. Despite the mixed momentum readings, the MACD prints a buy signal.

A mixed picture is painted by moving averages. The 30-, 50-, and 100-day averages are bearish, indicating longer-term weakness, while the 10- and 20-day EMAs are bullish. Immediate resistance is at $0.133, while key support is close to $0.112.

The token may retest the $0.14–$0.15 range if MOVE can maintain buying pressure above the 20-day EMA and absorb the unlock supply. MOVE may return to its monthly lows of $0.11 or less if it is unable to hold above $0.12, particularly if unlock-driven selling picks up speed.



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September 9, 2025 0 comments
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Decrypt logo
NFT Gaming

OpenSea Reveals ‘Flagship’ NFT Treasury Stockpile as SEA Token Drop Nears

by admin September 8, 2025



In brief

  • OpenSea is creating an NFT reserve, starting with a CryptoPunk on Ethereum.
  • The firm is preparing for the final phase of pre-token rewards, starting with a prize vault filled with $1 million in ARB and OP tokens.
  • The OpenSea Foundation is expected to announce SEA tokenomics in early October.

Prominent NFT marketplace OpenSea said Monday that it has committed more than $1 million to acquiring culturally relevant NFTs as it charges towards the launch of its native ecosystem token, SEA.

The marketplace’s reserve, called the Flagship Collection, will begin with CryptoPunk #5273, which was last purchased for $282,000 on August 25 before being transferred to a new address on Monday. After acquiring “essential pieces,” the firm aims to acquire and elevate pieces from emerging artists. 

“We’ve always said NFTs are culture. The Flagship Collection is about picking the pieces we believe will stand the test of time,” OpenSea CEO Devin Finzer told Decrypt.

Today we’re introducing:

– OS Mobile: a beautiful trading experience powered by AI
– Flagship Collection: honoring web3’s cultural heritage
– Final Rewards Phase: 50% of platform fees funding millions in token & NFT prizes
– $SEA Update: details in early October

Learn more ⬇️ pic.twitter.com/EfsjucUeSR

— OpenSea (@opensea) September 8, 2025

The firm will choose pieces for the collection using a committee of OpenSea employees and a group of external advisors with strict internal procedures in place to prevent the leak of information prior to acquisitions. 

In 2023, a former OpenSea employee was convicted in the first-ever NFT insider trading case, as the executive had purchased and profited from assets that were to be featured on the popular marketplace. The conviction was ultimately overturned this July. 

“There are a variety of elements that factor into our buying criteria, ranging from cultural significance, impact on Web3 as a whole, unique expressions of creativity and more,” OpenSea CMO Adam Hollander told Decrypt. 



“Some of the selections for the Flagship Collection will seem obvious, while others much less so,” he added. “The goal is to spotlight well-deserving artists and creators, even new and emerging ones, placing their works shoulder-to-shoulder with historical pieces that represent digital culture.” 

Beyond the Flagship Collection, OpenSea is gearing up for a final push before the official launch of the SEA token, the native ecosystem token announced by the OpenSea Foundation in February. 

Starting on September 15, the firm will begin using 50% of its platform fees to create a prize vault for the final phase of pre-token generation rewards. Additionally, it is kickstarting the vault with $1 million worth of the native tokens from Ethereum layer-2 networks Optimism (OP) and Arbitrum (ARB).

Based on activity on the platform, such as NFT and token trading and completing daily tasks, users can level-up their portion of the prize vault, which will also play a “meaningful role” at the time of the SEA token generation.

Full tokenomics details are expected to be shared by the OpenSea Foundation in early October. 

The Miami-based firm—which hit a valuation of $13.3 billion in 2022 amid the NFT boom—announced a complete overhaul earlier this year with the launch of “OS2,” a renewed vision for NFT and fungible token trading.

In July, OpenSea acquired crypto portfolio application, Rally, to level up its mobile experience. Waitlists for a revamped mobile application and an AI-focused trading experience are expected to launch in the coming weeks, the firm said Monday.

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September 8, 2025 0 comments
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Kinto Token Crashes 91% As Ethereum L2 Project Shuts Down After Hack
Crypto Trends

Kinto Token Crashes 91% as Ethereum L2 Project Shuts Down After Hack

by admin September 8, 2025



Kinto Network’s governance token has lost more than 91% of its value after the team announced it will shut down its Ethereum layer-2 blockchain at the end of September. The decision follows months of setbacks, including a devastating hack and failed fundraising efforts.

The project, built on Arbitrum and settled on Ethereum, tried to combine centralized exchange efficiency with decentralized security. It also offered tokenized stock trading of companies like Apple and Microsoft. But despite its ambitious plans, Kinto could not survive the financial and security challenges.

1/ 🛑 Kinto is shutting down.

After exhausting every path to keep going, we’re conducting orderly wind-down to protect users and community.

– Users can normally withdraw assets
– Phoenix lenders receive ~76%
– Morpho Victims can claim up to $1.1k each

Read full details 🧵

— Kinto (@KintoXYZ) September 7, 2025

Hack and Failed Rescue Plan

In July, an industry-wide exploit drained about 577 Ether (worth $1.6 million) from Kinto’s protocol. The vulnerability came from the ERC-1967 Proxy standard, a widely used OpenZeppelin codebase. Several projects were affected, but Kinto never fully recovered.

The team raised $1 million in debt to restart its “modular exchange,” yet worsening market conditions killed further fundraising. “Every day that we go on, the funds dwindle further. We’ve operated without salaries since July,” the team wrote in a Medium post. They added that shutting down cleanly was the only responsible choice left.

Kinto will return remaining assets to lenders, including $800,000 of Uniswap liquidity. Lenders are expected to recover about 76% of their loan principal. Victims of the hack will also receive a $1,100 goodwill grant per affected address, with co-founder Ramon Recuero personally contributing over $130,000.

Kinto’s Second Collapse

This is Recuero’s second crypto project to fail. His earlier venture, Babylon Finance, shut down in 2022 after a $3.4 million hack.

Following the shutdown news, the Kinto token (K) has fallen 91% to $0.38, with its market cap barely above $1 million. The token had reached a peak of $14.5 million just weeks earlier in mid-August.

Also Read: Ethereum whale cashes out $8.97M profit after Kraken deposit





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September 8, 2025 0 comments
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Dogecoin Has No New Token: Key Clarification Made for Community
Crypto Trends

Dogecoin Has No New Token: Key Clarification Made for Community

by admin September 6, 2025


At this week’s start, U.S.-based machine industry company CleanCore announced that it was establishing a Dogecoin treasury through a $175,000,420 private placement. The company said it had entered into securities purchase agreements for a private investment in public equity to issue and sell 175,000,420 pre-funded warrants at a price of $1 each.

Proceeds from the private placement were aimed at enabling CleanCore in adopting Dogecoin as its primary treasury reserve asset and providing funding for general working capital and corporate purposes.

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The closing of the offering occurred Sept. 4 with the transaction creating the only official Dogecoin treasury supported by the Dogecoin Foundation and the House of Doge, the commercial arm of the Dogecoin Foundation.

Now that the Dogecoin treasury has gone live, Dogecoin Foundation has issued a key clarification, putting to rest speculation of a new token being created.

Dogecoin foundation marks key clarification

In a recent tweet, Dogecoin Foundation makes it known that the Dogecoin Treasury is now established and active. It further explained the role of the Dogecoin treasury as a link for traditional investors to support Dogecoin, and also contribute to Dogecoin’s acceptance and use as a global currency.

Thanks to @HouseofDoge and a brave business pivot by CleanCore (NYSE: ZONE) – who clearly has much faith in Dogecoin – The Dogecoin Treasury is now established, and is active. What does it do? It provides a link for traditional investors to support Dogecoin, and contribute to…

— Dogecoin Foundation (@DogecoinFdn) September 5, 2025

In a key clarification for the community, Dogecoin Foundation stated that in its last post, there was a misconception regarding its mention of ZONE, the NYSE ticker for CleanCore, as X confused the dollar symbol ZONE with a scam token.

In this light, Dogecoin explains under no uncertain terms that this is not a new token or crypto being announced. This ends speculation of a new token being created by Dogecoin, with any claims otherwise being a scam.





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September 6, 2025 0 comments
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Decrypt logo
Crypto Trends

Linea: Everything You Need to Know About the Ethereum Layer-2 Network Airdrop and Token

by admin September 6, 2025



In brief

  • The LINEA token will begin its airdrop process on September 10.
  • More than 9 billion tokens will be available to early users when the claim opens.
  • An additional 75% of the total supply will ultimately be distributed to ecosystem participants.

Ethereum layer-2 network Linea aims to use its upcoming LINEA token as an incentive to draw the world’s capital to Ethereum. 

Described by backers as the most Ethereum-aligned layer-2 network, Linea will offer native yield to ETH stakers, as well as an ecosystem fund made up of around 54 billion LINEA tokens to draw users to its network. 

Linea’s long-awaited token generation event (TGE) is coming on September 10. Here’s a look at everything you need to know about what the LINEA token is and who can claim it.

Five weeks ago, Ethereum celebrated 10 years of zero downtime. Next week, LINEA becomes the most significant token to enter the ecosystem since ETH itself.

The eligibility checker is now live ahead of the September 10 TGE.

Check yours at https://t.co/GDV3kRe0Kf pic.twitter.com/emB8WlqCNF

— Linea.eth (@LineaBuild) September 3, 2025

What is the LINEA token?

Distributed by Swiss nonprofit the Linea Association, LINEA is the native token of the Ethereum layer-2 network of the same name. The network was developed by Ethereum software development firm, Consensys, and Linea is described an “extension” of the established layer-1 network. (Disclaimer: Consensys is one of 22 investors in an editorially independent Decrypt). 

Unlike other layer-2 network tokens, LINEA will not act as the native gas token for the Linea network. Instead, Linea will use ETH as its gas token to pay transaction fees. The LINEA token also differentiates itself from other layer-2 network tokens, as it does not have any governance powers and it is subject to a buyback and burn mechanism. 



In other words, using a portion of the ETH revenue it earns from transaction fees, the network will buy LINEA and subsequently burn it, or effectively remove it from the circulating supply. 

The token will maintain a total supply of 72,009,990,000 LINEA, or 10 times the initial circulating supply of Ethereum. 

When is LINEA dropping?

The LINEA token generation event (TGE) will take place on September 10, at which point any eligible airdrop participants can begin the claim process. 

Eligible parties will have up to 90 days to claim their LINEA tokens. After that time, any unclaimed LINEA tokens will be added to the ecosystem fund and subsequently distributed by the Linea Consortium. 

Who will get the LINEA airdrop?

The LINEA token will be distributed in three major buckets: early users, ecosystem participants, and the Consensys treasury. 

10% Early Adopters

Early users of Linea’s network that earned points via the Linea Voyage and Linea Surge campaigns are eligible to claim their respective share of around 10% of the LINEA supply. In order to be eligible, campaign participants must have achieved at least 2,000 points in the Voyage campaign and 15,000 points in the Surge campaign. 

This criteria and the elimination of around 800,000 sybil wallets, or those who tried to game the system to earn the token, left around 750,000 eligible wallets to split 9.3 billion LINEA tokens. 

A further 1% of the early adopters bucket is set aside for strategic builders in the Linea ecosystem, but those tokens will be directly distributed and will not be claimed as part of the airdrop.

An airdrop eligibility checker was released by Linea on September 3. 

75% Linea Ecosystem Participants

The largest chunk of LINEA tokens, 75% of the total supply, will be awarded to active participants within the Linea ecosystem and distributed by a collective body of Ethereum-aligned entities dubbed the Linea Consortium. 

Made up of firms like publicly traded Ethereum treasury SharpLink Gaming, ENS Labs, Eigen Labs, and Consensys, the consortium is mandated to distribute the ecosystem fund to those helping propel the Linea network and Ethereum. 

“It’s users, it’s builders, it’s liquidity providers, it’s institutions, it’s creators… anything or anyone that’s going to help make Ethereum and Linea successful,” Head of Linea Declan Fox told Decrypt in July. 

Small portions of the 75% have already been approved for distribution by the consortium, including 4% at TGE for liquidity providers during the Linea Surge event. Distribution of a further 1 billion LINEA tokens was approved as part of Linea Ignition, a liquidity bootstrapping event running through October 26. 

15% Consensys Treasury

The final 15% of the LINEA supply is set aside for Consensys, the development firm that incubated the layer-2 network. All 15% of the tokens set aside for the software firm are locked up for five years.

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September 6, 2025 0 comments
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PUMP price eyes 29% rally backed by token buybacks and fresh demand
NFT Gaming

PUMP price eyes 29% rally backed by token buybacks and fresh demand

by admin September 5, 2025



PUMP price rallied for the fourth straight day as Pump.fun bought back over $12 million worth of PUMP tokens from the market.

Summary

  • PUMP price shot up 40% over the past week.
  • Pump.fun bought back over $12 million worth of PUMP tokens.
  • $0.0058 marks the next projected target based on technicals.

According to data from crypto.news, Pump.fun (PUMP) was trading at $0.0045, up 40% over the past 7 days and 73% above its lowest point in August. The token’s daily trading volume was at $466 million while its market cap stood at over $1.62 billion as of press time.

PUMP’s rally this week was primarily driven by Pump.fun’s buyback of nearly $12.2 million worth of PUMP tokens from the open market.

When a project buys back its own tokens, it reduces its circulating supply, thereby increasing scarcity and potentially supporting the token’s price gains.

PUMP crypto also rallied amid renewed investor hype after the token briefly surpassed Hyperliquid, a decentralized exchange and Layer 1 blockchain, in 24-hour revenue on Sept. 4.

More broadly, the token’s recent gains have also been supported by Pump.fun’s strategic overhaul called Project Ascend, introduced on Sep. 2. The initiative focuses on empowering creators on the Pump.fun platform and intends to scale its ecosystem by 100x while also strengthening the long-term viability of memecoins launched through the platform.

Further, data from Nansen shows renewed demand from whales and public figures over the past week.

Notably, the balance of tokens held by whale wallets rose from 21.95 billion on Aug. 29 to 22.53 billion as of press time. Holdings by public figures also increased by 8%, climbing from 442.8 million to 478.88 million over the same period.

Source: Nansen

When whales and influential figures accumulate a token, it often sparks increased interest from retail investors, many of whom buy in due to FOMO (fear of missing out), driving price appreciation for the asset.

PUMP price has been trading within an ascending parallel channel pattern since the beginning of September, as shown on the 4-hour chart.

PUMP price forms an ascending parallel channel pattern on the 4-hour chart — Sep. 5 | Source: crypto.news

The token is approaching a breakout above $0.0046, a key resistance level that PUMP must surpass to confirm further upside momentum.

Additionally, the 50-day simple moving average has recently crossed above the 200-day SMA, forming a golden cross, a classic bullish signal that strengthens the case for continued gains in the short term.

Based on this setup, PUMP is likely to remain within the ascending channel, with the next target at the $0.0050 psychological resistance. A decisive move above this threshold could pave the way for a rally toward $0.0058, the level projected by the 161.8% Fibonacci extension. The target remains 29% above the current price level.

Conversely, a drop below $0.0042 would invalidate the bullish structure and could open the door to a potential reversal.



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September 5, 2025 0 comments
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Pump Token Soars 10% After Pump.fun’s $12 Million Buyback
Crypto Trends

PUMP Token Soars 10% After Pump.fun’s $12 Million Buyback

by admin September 5, 2025



The most popular memecoin launchpad on Solana (SOL), Pump.fun, has declared another big buyback of its native token, PUMP. The action increased investor confidence since the token price soared 10% amid a wider crypto market decline.

Pump.fun, in a statement posted on X, affirmed that it had spent $12.19 million on PUMP purchases between August 28 and September 3.

over the past week, pump fun purchased $12,192,383 in $PUMP tokens, which equates to 98.23% of total revenue for that period (Aug 28-Sept 3)$PUMP purchases have now offset the total circulating supply by 5.363% – an increase of 1.102% over the past week pic.twitter.com/ajfBs0IDTO

— pump.fun (@pumpdotfun) September 4, 2025

This represents 98.23% of its weekly income, indicating that the platform is highly determined to minimize supply and maintain the value of the token.

This recent action means Pump.fun has now spent almost $72 million on buybacks since the program was launched, reducing circulating supply by 5.36%. The platform had previously bought back $33 million of tokens in early August, which triggered a 15% surge and solidified its market leadership.

PUMP Price Increases even with market correction

After the news of the buyback, PUMP recovered at the support of $0.0040 to trade at approximately 0.004406 on September 4. This 10% increase was against the backdrop of the overall crypto market losing 2.2% of its capitalization, and PUMP was among the few altcoins that have performed positively.

Pump.fun also remains the leader in the memecoin space of Solana. The platform took 75% of the activity, minting almost 27,000 tokens in 24 hours with a trading volume of $403 million, significantly surpassing the competitor LetsBONK.fun by $80 million.

Project Ascend Generates Long-term Hope

On top of this, Pump.fun recently introduced a new upgrade, Project Ascend, that will make token launches more sustainable. The project presents Dynamic Fees V1, a tiered fee structure that will lower fees to creators as projects scale.

The launch of Project Ascend triggered a 14% surge in PUMP price as it promises long-term benefits for streamers, startups, and creators. With buybacks and innovation combined, Pump.fun is cementing its role as the powerhouse of Solana’s memecoin ecosystem.

Also Read: PumpFun Overtakes Hyperliquid in 24 Hour Revenue Generation





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September 5, 2025 0 comments
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World Liberty Financial
GameFi Guides

World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted

by admin September 4, 2025


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

World Liberty Financial (WLFI), the newly launched decentralized finance (DeFi) platform backed by the Trump family, is facing significant price challenges following its WLFI token debut last Monday. 

The platform has leveled serious accusations against an unnamed crypto exchange, claiming it has been manipulating user tokens to drive down prices. This situation has drawn particular attention towards crypto billionaire and Tron founder Justin Sun.

World Liberty Financial Claims Manipulative Practices

After the WLFI token launched, its price surged to an impressive $0.47 on September 1. However, the excitement was short-lived, as the token subsequently plummeted to a weekly low of $0.18, reflecting a staggering 61% decrease in value. 

World Liberty Financial has alleged that this decline is linked to manipulative practices by an exchange, along with questionable movements from Justin Sun’s wallet, which has resulted in a significant amount of his fortune becoming inaccessible. 

Notably, the platform has blacklisted Sun’s wallet, which includes $540 million worth of unlocked WLFI tokens that are now frozen, and 2.4 billion locked tokens that remain out of reach.

Sun Responds To Allegations

In response to the allegations, Justin Sun took to social media site X to refute the claims. He stated that his address had only conducted “minor exchange deposit tests” with minimal amounts and had created address dispersion without engaging in any buying or selling activities, asserting that these actions could not have influenced the WLFI price.

The relationship between Justin Sun and World Liberty Financial  dates back to November 2024, when Sun made a substantial investment of $30 million in WLFI tokens, making him the platform’s largest investor. 

His support came with praise for President Donald Trump’s vision of establishing a new regulatory framework for digital assets, a move that has seemingly fostered increased interest in cryptocurrency adoption among major financial entities on Wall Street.

The 1-minute chart shows WLFI’s price drop. Source: WLFIUSDT on TradingView.com

Featured image from DALL-E, 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 4, 2025 0 comments
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Lombard raises $94.7m for Bard token, targets Bitcoin DeFi
NFT Gaming

Lombard raises $94.7m for Bard token, targets Bitcoin DeFi

by admin September 4, 2025



Lombard has completed a 1,400% oversubscribed token sale, which it will use to build in the Bitcoin DeFi ecosystem.

Summary

  • Lombard raised $94.7M in its Bard token public sale past the $6.75M goal
  • The project builds DeFi functionality on top of the Bitcoin network
  • The New Liquid Bitcoin Foundation will use the funds for development and ecosystem growth

Bitcoin’s (BTC) DeFi ecosystem is increasingly attracting interest. On Wednesday, September 3, Lombard Finance concluded its Bard token public sale, raising $94.7 million. The fundraising surpassed the goal of $6.75 million by 1,400%, showing a growing interest in Bitcoin DeFi applications.

“The momentum behind the Community Sale was evident throughout, and the result clearly shows belief in Lombard’s ability to drive onchain Bitcoin demand to new highs now and into the future,” said Jacob Phillips, our Co-Founder of Lombard. “We’re pleased to usher in 21,340 new and aligned community members as we deliver against Phase 2 of our roadmap.”

BARD will serve as the governance token for Lombard’s Bitcoin DeFi protocol. Lombard has stated that it will use the additional funds to develop its products and grow its ecosystem. It also says that it hopes adding Bitcoin DeFi capabilities will help bring more users into its ecosystem.

How Lombard’s Bitcoin DeFi works

Lombard is the issuer of the LBTC token, a yield-bearing token backed by Bitcoin. The token generates 1% APY through Bitcoin staking via Babylon Labs. Moreover, the protocol uses a decentralized validator network to avoid the major pitfalls with cross-chain bridges and wrapped tokens.

In particular, traders lost more than $2.8 billion in various blockchain bridge hacks. Moreover, some of these hacks were likely insider rug pulls. For this reason, traders who swap their Bitcoin for any wrapped token should be aware of the potential counterparty risk that comes with it.



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September 4, 2025 0 comments
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