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The Pudgy Penguins ecosystem token, PENGU, launched on Solana this Tuesday, soaring into the top 100 cryptocurrencies by market cap. Millions of NFT holders and traders qualified for the airdrop.
Despite the initial excitement, PENGU’s price has fallen sharply throughout the day.
Pudgy Penguins NFT Suffers From the PENGU Airdrop Craze
At the time of reporting, PENGU had dropped 57% from...
Simon Kim, CEO of Hashed and a leading figure in Korea’s blockchain industry, shared his thoughts on the key trends shaping crypto in 2025 and beyond.
Under Kim’s leadership, Hashed has expanded beyond being a venture capital firm to become a major player in Web3 investments. The company has helped shape Korea’s blockchain ecosystem through initiatives like co-hosting Korea Blockchain Week (...
Crypto exchange Bybit will stop providing withdrawal and custody services to users in France starting January 8, 2025. The decision comes amid increasing regulatory scrutiny from French financial authorities.
Bybit has urged affected users to withdraw their funds before the deadline to avoid disruptions in accessing or transferring assets.
Bybit’s Ongoing Regulatory Challenges
For any...
PENGU, the newly launched token from the Pudgy Penguins NFT collection, went live today with an airdrop to eligible recipients. However, intense selling pressure caused the PENGU token price to drop by 35% shortly after its debut.
Within the first hour of trading, PENGU’s volume surged to $474 million. Here’s what to know about the launch, exchange listings, and how the market is responding to...
Last week Monday, Bitcoin (BTC) futures volume was over $90 billion but steadily dropped between December 10 and 14, reaching $26.39 billion this past Sunday. However, as BTC’s price hit a new all-time high, the futures volume also jumped and reached a seven-day high of $82.84 billion.
For some market observers, this resurgence implies a bullish outlook for the cryptocurrency. But Bitcoin...
Saga, the Layer 1 blockchain protocol to launch Layer 1s, today announced its Mainnet 2.0, setting the stage for a fundamental transformation in how the blockchain industry approaches liquidity.
The growing number of independent blockchains has created unprecedented challenges for liquidity management and cross-chain operations. This major upgrade lays the foundation for the Q1 2025 launch of...
As the cryptocurrency market continues to gain momentum, several altcoins have reached new heights today.
GateToken (GT), EigenLayer (EIGEN), and Bitget Token (BGB) are among the standout performers, each experiencing significant price appreciation.
EigenLayer (EIGEN)
EigenLayer is an Ethereum-based protocol that allows its users who have staked ETH to “restake” it to secure other...
Aurora Labs has unveiled TurboChain and TurboSwap. These launches, achieved through collaboration with the NEAR Protocol, leverage Aurora’s infrastructure.
They aim to set new benchmarks in token utility and blockchain innovation.
TurboChain Launch Aims to Capitalize on AI Meme Coins’ Hype
TurboChain emerges as the inaugural AI meme coin blockchain, specially crafted for the TURBO token...
Cardano (ADA) price has surged 52% in the last 30 days, marking an impressive recovery. On December 3, ADA reached its highest price since March 2022.
However, recent technical indicators, including the DMI, Ichimoku Cloud, and EMA lines, suggest the asset is now facing indecision. While ADA remains in a consolidation phase, its next move could determine whether it continues its upward...
Lido, one of the largest liquid staking protocols, has announced it will discontinue its staking services on the Polygon network.
The decision, revealed in a recent blog post, follows extensive community discussions and a governance vote by Lido DAO (LDO) token holders.
Lido Justifies Polygon Sunsetting
Based on the blog, the shutdown process will begin over the coming months. It marks...