Pudgy Penguins’ native token PENGU has entered a correction phase after peaking near $0.047, slipping toward critical support levels. Analysts suggest the token’s resilience may hinge on institutional moves, Asian expansion, and merchandise-driven brand growth. Token Pullback After Local Peak PENGU was trading around $0.031 Monday through Tuesday, down 6% in 24 hours and 21%…
The altcoin market entered the third week of August in the red. Market capitalization (TOTAL3) dropped 7%, from over $1.1 trillion to $1.03 trillion. This correction has fueled a short-selling sentiment among derivatives traders. How much liquidation risk does this pose? The liquidation heatmap highlights several altcoins facing high exposure. 1. Solana (SOL) Solana’s 7-day…
The altcoin season remains selective, but three names are capturing attention for different reasons. Chainlink provides infrastructure support, Pi draws speculative interest, and Solana benefits from ecosystem activity. Market conditions suggest traders are still cautious. Bitcoin dominance remains above 60%, and Ethereum flows continue to drive attention toward DeFi and Layer-2 networks. In that context,…
Circle has minted $1.25 billion worth of USD Coin (USDC) on the Solana blockchain in just the past seven days, lifting its total issuance on the network to $24 billion in 2025. The surge underscores Solana’s growing role as a settlement layer for stablecoins and highlights Circle’s dominance as the issuer of choice in one…
The XRP Ledger, the blockchain behind the world’s third-largest cryptocurrency, has come under scrutiny after ranking last in a new security assessment from blockchain analytics firm Kaiko. Key Takeaways: XRP Ledger ranked last in Kaiko’s security assessment with a score of 41 out of 100. A hack in April exposed vulnerabilities in XRPL’s software supply…
Digital asset investment products recorded $3.75 billion in inflows last week, the fourth-largest on record, signaling a sharp rebound in institutional appetite after weeks of muted sentiment. Key Takeaways: Crypto investment products drew $3.75B in inflows last week, pushing AuM to a record $244B. Ethereum dominated with $2.87B, outpacing Bitcoin’s $552M and setting a new…
Electric vehicle startup Faraday Future is pivoting toward digital assets with plans to build a $30 million crypto treasury and explore tokenized vehicle sales. Key Takeaways: Faraday Future will launch a $30M crypto treasury and aims to expand holdings up to $1B. The EV firm plans tokenized car sales through its upcoming “EAI Vehicle Chain.”…
A self-styled crypto influencer has been sentenced to one year and one day in prison for orchestrating a large-scale cryptojacking scheme that defrauded major cloud computing providers of more than $3.5 million in resources. Key Takeaways: Crypto influencer Charles O. Parks III was sentenced to one year and a day for a $3.5M cloud cryptojacking…
The community behind Qubic, an AI-focused blockchain project, has voted to target Dogecoin (DOGE) with its next 51% attack, just days after successfully taking majority control of the Monero (XMR) network. Key Takeaways: Qubic’s community voted to target Dogecoin next after claiming majority control of Monero’s network. The Monero takeover forced Kraken to suspend deposits,…
Wellgistics Health is introducing an XRP Ledger–based payment system to thousands of pharmacies across the United States, marking one of the first large-scale blockchain deployments in the healthcare sector. Key Takeaways: Wellgistics is rolling out an XRP Ledger payment system to over 6,500 pharmacies and 200 manufacturers in the U.S. The platform enables instant, low-cost…