Pudgy Penguins to Launch $PENGU Token

🐧 Pudgy Penguins Unveils Pengu Token Launch

Pengu Token Launch Details: Pudgy Penguins plans to launch its cryptocurrency, Pengu, on the Solana network by the end of 2024. The total supply will be 88,888,888,888 tokens, with nearly 50% allocated to community and ecosystem growth.

Community-Centric Token Allocation: Approximately 25.9% of Pengu tokens are designated for the Pudgy Penguins community, and 24.12% for other communities and new "Huddle" members. Team members will receive 17.8%, with vesting schedules to ensure long-term commitment.

Caution Against Potential Scams: Pudgy Penguins warns of potential scams, urging users to avoid fake Pengu websites or tokens that may emerge. They advise the community to cross-check all information carefully and follow official channels for updates. Read More.

️ On today's Top Picks:

  1. 🛑 Pump[.]fun restricts UK users after FCA warning.
  2. 🚀 Babylon to launch Bitcoin staking Cap-3 on Dec 10th.
  3. 🪂 Tensor teases potential second $TNSR airdrop.
  4. 💰 Elon Musk's xAI raises $6b in private funding.

Read time: ⏰ 8 minutes


Crypto News


• ⭐️ Pudgy Penguins introduces $PENGU, the official coin of Pudgy Penguins.

US SEC notifies at least two issuers that it will reject their filings for the Solana $SOL spot ETFs.

• ⭐️ Pump[.]fun restricts UK users after FCA warning on December 3rd.

US President-Elect Donald Trump names David Sacks as White House AI & Crypto Czar.

Bitcoin Spot ETFs surpass Satoshi Nakamoto's Bitcoin $BTC holdings.

Global Stablecoin Supply surpasses $190b; up from $120b at the start of year.

Circle $USDC lays off less than 6% of workforce; cites cuts as part of regular review of its operations.

Phantom Wallet to add support for Sui $SUI soon.

Varun Srinivasan introduces Snapchain, a new data layer for Farcaster; to launch in Q1 2025.

Alpha


EigenLayer $EIGEN introduces Rewards v2 protocol upgrade.

• ⭐️ Babylon to launch Bitcoin staking Cap-3 on December 10th.

Movement $MOVE launches Mainnet Beta.

Kana Labs launches Season 2 Points & Referral Program.

Kinto $K launches limited-time Arbinauts NFT Badge.

Reddio to launch Public Testnet in less than 10 days.

Rango launches Scroll Ascend & Solana Ignite campaigns.

DeBank launches Merlin Chain $MERL Airdrop Hunter Web3 Badge.

Superphiz launches $100K Bitcoin $BTC POAP.

Superphiz launches $4K Ethereum $ETH POAP.

List of Upcoming TGEs, Listings, & Releases by ICO Analytics.

Airdrops


Weekly Airdrop Updates by Earndrop.

Mitosis Airdrop Strategy by Earndrop.

Magic Eden to launch $ME airdrop on December 10th.

Usual launches $USUAL airdrop checker.

• ⭐️ Tensor teases potential second $TNSR airdrop.

Xion launches $XION airdrop claim.

SynFutures launches $F airdrop claim.

Enjoy launches $ENJOY season 5 airdrop claim.

Streamflow launches $STREAM airdrop checker.

ORA launches $ORA season 1 airdrop.

ICYMI Mind Network Airdrop Strategy by Earndrop.

Finance News


US Senate Banking Committee to vote on re-nomination of SEC Commissioner Caroline Crenshaw.

US Unemployment Rate rises to 4.2% in November 2024; up from 4.1%.

eToro works with Goldman Sachs $GS for a potential IPO in the US.

Bitcoin Mining & Hosting companies have raised $5.2b through convertible notes since June.

Ionic Digital ends management agreement of 302 MW Bitcoin mining operations with Hut 8 $HUT.

Greenidge Generation $GREE sells South Carolina property for $12m & 8% stake in future profits.

Tesla $TSLA & SpaceX Bitcoin holdings now worth ~$2b.

• ⭐️ Elon Musk's xAI raises $6b in private funding.

Intel $INTC appoints Eric Meurice (ASML) & Steve Sanghi (Microchip Technology) to its board of directors.

GameStop $GME stock trading halted following Roaring Kitty post on X.

Security and Exploits


DroidBot Malware spreads across Europe targeting banks & crypto exchanges.

Tor Project retires bridge distribution system BridgeDB in favor of Rdsys.

ICYMI Solana/web3.js npm library compromised in supply chain attack.

Token Unlocks


• EigenLayer $EIGEN / ~$5m / DEC 03rd
• Ethena $ENA / ~$12m / DEC 04th
• Cardano $ADA / ~$22m / DEC 06th
• Jito $JTO / ~$488m / DEC 07th
• Bitget $BGB / ~$10m / DEC 10th
Sourced from Tokenomist


Funding


Spexi raises $11.5m in Series A funding led by Blockchange Ventures.

Interlace raises $10m in Extended Series B funding led by BitRock Capital.

Suilend raises $6m in funding led by Robot Ventures.

Haven1 raises $4.6m in Private funding.

Sekai raises $3.1m in Seed funding led by Hashed.

Gevulot raises an undisclosed amount in Strategic funding.

Prosper raises an undisclosed amount in Strategic funding.

Torram raises an undisclosed amount in Strategic funding.

Holyheld raises an undisclosed amount in funding.

STAT raises an undisclosed amount in funding.

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That’s it for today’s edition! See you soon.

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