The SEC delayed decisions on two crypto ETFs and opened public comments on options tied to a Grayscale multi-asset crypto fund. The US Securities and Exchange Commission (SEC) extended its decision deadline on two crypto-related exchange-traded funds (ETFs), while opening a comment window on options tied to a third in three separate filing decisions released Monday. In separate Federal Register notices, the SEC designated a longer period to consider proposed rule changes that would allow the listing of the Canary Pudgy Penguins (PENGU) ETF on Cboe BZX and the T. Rowe Price Active Crypto ETF on NYSE Arca. Both filings fall under the SEC’s standard 19b‑4 process, which lets it extend the initial decision window by up to 45 days while it evaluates market structure, investor protection and manipulation concerns. Read more
The official crypto token of Pudgy Penguins had a tough month, consistent with a broader decline in NFT markets and digital collectibles. Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads. The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party, a battle royale game released on Android and iOS, regardless the game recording over 50,000 downloads on the Google Play store and landing in the top 10 most downloaded games on Apple’s App Store. Pudgy Penguins is a popular non-fungible token (NFT) project in the crypto space. The project supplements its onchain digital presence with trading cards, plushy penguin-themed toys, video games and other physical merchandise. According to CoinMarketCap, the token declined by over 20% over the past 30 days. Read more
Bitcoin prepares for an impulse move, and if the upside is taken, ETH, BNB, AVAX and PENGU could explode higher. Key points: Bitcoin is preparing for a range expansion in the next few days, and the trend favors the bulls. ETH, BNB, AVAX, and PENGU are looking set for a possible upside move. Read more