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- Pudgy Penguins to Launch $PENGU Token
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:
- 🛑 Pump[.]fun restricts UK users after FCA warning.
- 🚀 Babylon to launch Bitcoin staking Cap-3 on Dec 10th.
- 🪂 Tensor teases potential second $TNSR airdrop.
- 💰 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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PROTOCOL | ASSETS | APY |
---|---|---|
Curve DEX (Ethereum) | IDAIIUSDCIUSDT | 104.01% |
Notional V3 (Ethereum) | NUSDC | 77.07% |
Usual Money (Ethereum) | USD0++ | 63.86% |
Vesper (Ethereum) | FRAX | 62.18% |
Indigo (Cardano) | IUSD | 62.17% |
SmarDex (Ethereum) | SUSDN | 45.60% |
Convex Finance (Ethereum) | EUSDUSDC | 45.45% |
Turbos (Sui) | USDTUSDC | 38.29% |
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That’s it for today’s edition! See you soon.
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