Pudgy Penguins will halt development of Pudgy Party and focus on Pudgy World, as another Web3 gaming project shuts down after failing to find a sustainable business model. Non-fungible token (NFT) project Pudgy Penguins is winding down its mobile game Pudgy Party and halting further development. In an X post, the team said on Saturday...Continue Reading

Bitcoin snatched upside liquidity as the US trading session began, but traders warned over a failure to preserve BTC price gains. Bitcoin (BTC) neared $67,000 at Monday’s Wall Street open as the US-Iran peace deal kept risk assets surging. Key points: Read moreContinue Reading

Standard Chartered forecasts assets locked in decentralized finance will reach $2.7 trillion by 2030, driven by tokenization and crypto-native growth. Standard Chartered expects assets locked in decentralized finance (DeFi) to grow 37-fold to $2.7 trillion by the end of 2030. The expansion would be driven by both tokenized real-world assets (RWAs) and crypto-native assets moving...Continue Reading

Strategy acquired 1,587 Bitcoin for $100 million last week, lifting holdings to 846,842 BTC after raising $209 million through MSTR stock sales. Michael Saylor’s Strategy, the world’s largest public Bitcoin holder, added to its cryptocurrency reserves last week as BTC continued to trade below the company’s average cost basis of about $75,700. Strategy acquired 1,587...Continue Reading

Japanese crypto exchange Bitbank warns users of possible account suspensions for Polymarket-linked transactions, citing Japan’s gambling laws. Bitbank, one of Japan’s largest cryptocurrency exchanges, warned users that transactions linked to prediction market platforms such as Polymarket could result in account suspensions due to potential conflicts with the country’s gambling laws. In a notice published on...Continue Reading

Bitcoin gained bullish short-term BTC price targets with $69,000 on the radar thanks to the US-Iran peace deal, due to be signed in the coming days. Bitcoin (BTC) starts the third week of June with a spring in its step as the US-Iran peace deal sends risk assets higher. Key points: Read moreContinue Reading

US President Donald Trump says the US and Iran have a deal for a “toll-free opening of the Strait of Hormuz,” sending Bitcoin to a two-week high. Bitcoin came just shy of $66,000 during Monday morning trading after US President Trump claimed that the US had brokered a peace deal with Iran that would reopen...Continue Reading

New Mexico is the eighth state sued by the CFTC over prediction markets, as Gary Gensler doubted the regulators’ claim of authority over sports event contracts. New Mexico is the latest US state to be pulled into the Commodity Futures Trading Commission’s legal fight for its jurisdiction over prediction markets after the state sued Kalshi...Continue Reading

The Aztec Connect platform was deprecated in March 2023, but the immutable smart contract still held over $2 million in crypto assets. Aztec Connect, a deprecated decentralized finance platform, was drained of around $2.1 million in crypto on Sunday after an attacker exploited its verification function. Aztec Labs posted to X on Sunday that it...Continue Reading

Bitcoin mining difficulty has undergone its second-largest downward difficulty adjustment this year, following February’s 11% shift. Bitcoin mining difficulty dropped by 10.09% on Sunday, marking the blockchain’s 11th-largest downward adjustment and easing some of the pressure on miners. Galaxy Research said that mining difficulty fell from 138.96 trillion to 124.93 trillion at block 953,568 on...Continue Reading