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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