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Pudgy Penguins, a prominent non-fungible token (NFT) project, has overtaken the Bored Ape Yacht Club (BAYC) to become the second-largest NFT collection by market capitalization. According to CoinGecko, the floor price of Pudgy Penguins surged by 8.4% in the past 24 hours to 22.1 ETH ($86,922), reflecting a 44.9% increase over the week. The rise…

The Cardano Foundation’s X account was compromised on Sunday by a threat actor posting false claims about an SEC lawsuit. In a note to Cardano holders, the hackers noted that the organisation will cease ADA trading on all platforms. “We have been served with a lawsuit by the US Securities and Exchange Commission on December…

Radiant Capital has revealed that the hack that drained $50 million from its decentralized finance (DeFi) platform was orchestrated by a hacker tied to North Korea. According to an update on December 6, cybersecurity firm Mandiant concluded with “high confidence” that the attack can be attributed to a threat actor linked to the Democratic People’s…

After his appearance on 60 Minutes, Ripple CEO Brad Garlinghouse took to social media to express his frustration over what he saw as a skewed portrayal of his company and the cryptocurrency industry. In a detailed post, Garlinghouse called out the show for leaving out a crucial detail during its coverage of Ripple’s ongoing legal…

Amazon shareholders are calling on the company to invest at least 5% of its assets in Bitcoin through a proposal from the National Center for Public Policy Research (NCPPR). Podcaster Tim Kotzman shared the proposal on X, which pointed out Bitcoin’s superior performance over corporate bonds and referencing similar investments by companies like MicroStrategy and…

A South Korean expert says panicked investors thought their crypto was under threat when President Yoon Seok-yul declared martial law last week. In an opinion piece for Hankyoreh, the author and crypto journalist Kim Oe-hyeon identified four key reasons why domestic traders responded to Yoon’s move with a mass sell-off. Martial Law Decree Sparked ‘Crypto…

Pavel Durov, the founder of Telegram, reportedly appeared in a Paris court on December 6 for his first formal questioning related to allegations that the messaging platform facilitated criminal activities. The session, held at 10 a.m. CET, saw Durov accompanied by his lawyers, David-Olivier Kaminski and Christophe Ingrain, according to an anonymous source cited by…

The altcoin market has experienced significant gains following Donald Trump’s recent victory in the U.S. presidential election. However, venture capitalist Felix Hartmann, managing partner at Hartmann Capital, has suggested that the current rally may be short-lived. “Considering alt season tapped out for now,” he wrote in a December 7 post on X. Institutional Investors and…

The U.S. Senate Banking Committee is set to vote on December 11 on the renomination of Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw. Known for her strong stance against cryptocurrencies, Crenshaw’s potential reappointment has drawn criticism from prominent voices in the crypto industry. Crenshaw, who has served as an SEC commissioner since August 2020,…

Key Takeaways: Ethereum’s ‘secondary bull run’ is now in full swing. Analysts predict the price will $6,200 over the next three months. ETH crossed the psychological $4,000 barrier on Dec. 7, soaring 46% over the past month. Ethereum’s so-called ‘secondary bull run’ – or a resurgence of some sort – is now in full swing,…