Ray Parks shows the way in a blistering first-half finish as Gilas Pilipinas starts its quest for a 20th Southeast Asian Games gold medal in convincing fashionRay Parks shows the way in a blistering first-half finish as Gilas Pilipinas starts its quest for a 20th Southeast Asian Games gold medal in convincing fashion

Gilas bucks slow start, pummels Malaysia to kick off SEA Games title defense

2025/12/14 15:49

MANILA, Philippines – Defending champion Gilas Pilipinas recovered from a slow start to extinguish Malaysia, 83-58, in its 2025 Southeast Asian Games opener at the Nimibutr Stadium in Bangkok, Thailand, on Sunday, December 14. 

Ray Parks showed the way with 18 points, half of which came in a blistering 20-0 run to end the first half that paved the way for the Philippines to improve to 1-0 in Group A.

Robert Bolick backstopped Parks with 17 points, while Thirdy Ravena added 13 points and 10 rebounds for the hastily-assembled squad that underwent multiple lineup revisions due to the hosts’ flip-flopping on eligibility rules.

Gilas trailed by as many as 7 points in the opening quarter, 15-22, but flipped the switch in the second period, where it outscored Malaysia 26-4 to take a 42-26 lead at halftime.

That second frame included a 20-0 finish sparked by 9 straight points from Parks and the Filipinos never looked back.

Malaysia remained within shouting distance trailing 51-62 at the end of the third quarter, but Gilas reasserted control en route to the 25-point romp.

“We have to get better as the tournament goes on. This is actually our first game as a group. When I say first game, I mean this is really our first game,” Gilas head coach Norman Black told Filipino reporters in Bangkok.

“Defensively, we played well in the second and fourth quarters. First and third quarter, we weren’t that good. So we just work to improve.”

Malaysia dropped to 1-1. 

Gilas immediately plunges back to action on Monday, December 15, as it shoots for a 2-0 record against Vietnam.

Meanwhile, Gilas Women climbed to 2-0 on Sunday following 92-59 beating of Singapore led by Kacey dela Rosa.

Dela Rosa finished with 22 points and 6 rebounds.

The Scores

Philippines 83 – Parks 18, Bolick 17, Ravena 13, Panopio 7, Malonzo 7, Erram 7, Wright 5, Chua 4, Pessumal 3, Tratter 2, Manzano 0, Pre 0.

Malaysia 58 – Ting 21, J.K.C. Wong 13, Chin 9, J.S.W.L. Lee 7, Mahadevan 3, Yong 3, J.H. Lee 2, De 0, Chang 0, Ooi 0, Wong 0.

Quarters: 16-22, 42-26, 62-51, 83-58.

– Rappler.com

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Wormhole launches reserve tying protocol revenue to token

Wormhole launches reserve tying protocol revenue to token

The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
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