Latest news with #Pengu
Yahoo
06-08-2025
- Business
- Yahoo
Move Over Dogecoin, Shiba Inu—Pudgy Penguins' PENGU Is The 'Most Asymmetric Bet In Crypto'
Pudgy Penguins native token PENGU (CRYPTO: PENGU) is gaining attention thanks to its growing adoption and strong fundamentals, prompting some to call it one of the most asymmetric bets in the Ticker Price Market Cap 7-Day Trend Pudgy Penguins (CRYPTO: PENGU) $0.03307 $2.07 billion -11.7% Dogecoin (CRYPTO: DOGE) $0.2011 $30.2 billion -9% Shiba Inu (CRYPTO: SHIB) $0.00001219 $7.18 billion -5.8% Trader Notes: Zer0 argues that while many view PENGU as just another meme coin, it may be the most underestimated and asymmetric opportunity in crypto today: Regulatory Traction: PENGU is under formal SEC review via a 19b-4 filing, placing it in the same category as major blue-chip tokens. CBOE Support: The Chicago Board Options Exchange (CBOE) is backing the filing—an unprecedented move for a memecoin. Asian Market Adoption: Strong traction in Korea and China, where PENGU is being embraced as a cultural mascot by serious alpha groups. Established IP: Backed by the widely recognized Pudgy Penguins brand, giving it a meme and merchandise edge. Bullish Chart Structure: PENGU's chart mirrors Dogecoin's pre-2021 rally, with higher lows, building volume, and strong support. Transparency: PENGU offers a public dashboard with real-time data, setting it apart from most meme coins. Statistics: As per official data, PENGU holders stand at 872,994 while the total Pengu burned is at $375.4 million representing 13.7% of total supply. Community News: Pudgy Penguins recently announced PENGU's listing on Robinhood's advanced trading platform, making the token more accessible to a broader investor base and potentially boosting liquidity and inflows. Read Next: Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article Move Over Dogecoin, Shiba Inu—Pudgy Penguins' PENGU Is The 'Most Asymmetric Bet In Crypto' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Time of India
17-07-2025
- Business
- Time of India
Bitcoin rallies to new highs: Why are Indians investors pouring money into cryptocurrency? What analyst say
Bitcoin's record-breaking rally over the past week has sparked a surge in interest from Indian investors, with major crypto platforms like CoinDCX, CoinSwitch, Mudrex, and ZebPay reporting sharp jumps in inflows and trading volumes. Combined, the platforms recorded net inflows of $150–200 million in just seven days, according to estimates. CoinDCX reported a 40% jump in daily trading volumes in July, up from $9.17 million last month to $12.82 million. CoinSwitch also saw a 22% week-on-week rise in both spot and futures trading volumes. Spot volumes alone grew by 145%, the exchange noted, according to ET. Mudrex reported that its trading volumes doubled during the week, with nearly 40% of the growth coming from tier-2 and tier-3 towns. ZebPay, meanwhile, saw a 75% surge in average weekly volumes. Bitcoin's current growth is being driven by a mix of increasing institutional participation, improved regulatory clarity, and favorable macroeconomic conditions, according to ZebPay. While Bitcoin and Ethereum continue to dominate, ZebPay highlighted increased activity in meme tokens like Pengu and Bananas31, which have also drawn investor attention amid the broader crypto rally. "The spike was most notable between July 10 and 15, when BTC (Bitcoin) prices surged past $116K, driving higher engagement from both retail and high-value investors," CoinDCX founding partner Mridul Gupta told ET. "BTC trading volumes in July (till July 15) touched 16.69 million, with a daily average of 1.11 million, nearly 80% higher than June's daily average of 0.62 million," he added. Analysts suggest the cryptocurrency market might stabilise in upcoming weeks. Bitcoin could soon break past the $140,000 mark, according to Edul Patel, CEO and co-founder of Mudrex. "Awareness around Bitcoin is significantly higher, and institutional players are now entering the space in a meaningful way. However, retail adoption remains relatively untapped suggesting that despite the current surge, there is still substantial room for upside," he noted. CoinDCX's Gupta urged caution, warning that, "risks such as thinning liquidity near resistance levels, surprise macroeconomic shocks (e.g., inflation prints) and rising leverage in derivatives markets could lead to heightened short-term volatility." Still, the second half of 2025 looks promising, he said, suggesting Bitcoin may even aim for the $150,000 to $185,000 range by year-end. Meanwhile, Himanshu Maradiya, founder of blockchain firm CIFDAQ, called the recent rejection of Trump-backed crypto bills in the US 'a procedural hiccup,' not a major setback. "While Bitcoin dipped around 3% post-vote and crypto stocks like Coinbase, Circle and MicroStrategy also saw declines, the broader momentum remains intact, supported by strong institutional demand," he added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
17-07-2025
- Business
- Time of India
Indians are pouring into crypto as Bitcoin rockets to new highs
Academy Empower your mind, elevate your skills Bitcoin's meteoric rise of breaching all-time highs in the last seven days has seen Indian investors join in the rally. Top Indian exchanges CoinDCX , Coinswitch, Mudrex and Zebpay have cumulatively recorded net inflows of $150-200 million in the past seven days, estimates said daily trading volume in July has gone up 40% to 12.82 million from 9.17 million last month. Coinswitch saw a 22% increase in spot and futures trading volume week-on-week. Spot volumes alone have grown 145%, it said. Mudrex reported doubling of trading volumes in the past week, with tier-2/3 cities and towns accounting for 40%. ZebPay noted an average 75% increase in weekly Bitcoin and Ethereum continued to dominate trading activity, other meme tokens like Pengu and Bananas31 have also seen a sharp rise in volume, Zebpay said.'The spike was most notable between July 10 and 15, when BTC (Bitcoin) prices surged past $116K, driving higher engagement from both retail and high-value investors,' said CoinDCX founding partner Mridul Gupta.'BTC trading volumes in July (till July 15) touched 16.69 million, with a daily average of 1.11 million, nearly 80% higher than June's daily average of 0.62 million,' he analysts said the crypto party may calm down in the coming weeks, as US Congress on July 15 voted against President Donald Trump's three bills on digital assets: the GENIUS Act, CLARITY Act and the CBDC Act.'Bitcoin's current growth momentum is being powered by a confluence of institutional adoption, regulatory clarity and macroeconomic tailwinds,' said Harish Vatnani, head of trade at ZebPay.'Major players like BlackRock, Fidelity, and Franklin Templeton have made sizable allocations to spot Bitcoin ETFs. Corporates such as Strategy (formerly MicroStrategy) continue to accumulate Bitcoin, reinforcing market confidence,' he said, adding that the markets appeared to be approaching a new bull run, one that mirrors the highs of 2022 but with greater Patel, CEO and cofounder of Mudrex, expects Bitcoin breaching the $140,000 mark in near term. 'Awareness around Bitcoin is significantly higher, and institutional players are now entering the space in a meaningful way. However, retail adoption remains relatively untapped suggesting that despite the current surge, there is still substantial room for upside,' he Gupta cautioned that investors must tread carefully. 'Risks such as thinning liquidity near resistance levels, surprise macroeconomic shocks (e.g., inflation prints) and rising leverage in derivatives markets could lead to heightened short-term volatility.'However, the market is entering the second half of 2025 with 'clear tailwinds', and 'we may even see BTC eye the $150K–$185K zone by year-end', he Maradiya, founder and chairman at blockchain company CIFDAQ, said the rejection of Trump-backed crypto Bills is more of a procedural hiccup than a fatal blow to the current crypto bull run 'While Bitcoin dipped around 3% post-vote and crypto stocks like Coinbase, Circle and MicroStrategy also saw declines, the broader momentum remains intact, supported by strong institutional demand,' he said, adding that the US House plans to revisit the vote soon.
Forbes
15-04-2025
- Business
- Forbes
By The Numbers: Meet The Forbes 30 Under 30 Europe Class Of 2025
Resourcefulness, self-sufficiency and invention are the keys to success in today's competitive business climate. No need to preach it to the honorees of the 2025 Forbes 30 Under 30 Europe list. They're building the future while navigating a global trade war, a live war in Ukraine, and the whiplash of generative AI ripping up rules of work, creativity, and capitalism in real time. And still—invention abounds. They're building virtual worlds, revolutionizing fertility, reinventing retail and dominating the entertainment game. Take Fabian Kamberi, who is trying to revive the flatlining metaverse market. His gaming startup Slay is the maker of the hit game Pengu. The app lets folks create and raise virtual penguins and play games with friends. It's attracted 10 million users and top investors like Accel, Scooter Braun, and Harry Stebbings, who have invested $20 million into the company. Says Kamberi, 25, 'We're helping re-establish Europe as a hub for consumer apps and games, showing that global-scale innovation can come from anywhere.' Beyond raising a virtual friend, Slay has also developed an AI-powered social media platform frfr (for real for real). The name's ironic on purpose—the app allows users to create, send, and receive anonymous voice messages in a celebrity's tone. Back here in the real world, other Under 30 honorees are harnessing AI to tackle important problems. Felicia von Reden, 29, is the cofounder of Ovom Care, a fertility clinic that's using AI to take the guesswork out of the invasive and emotional IVF process. Ovom uses machine learning to identify the most viable eggs and sperm for a patient. Its AI software also helps doctors determine the best meds and dosages for specific patients. Things are moving fast: Since opening Ovom's first clinic in 2024, the startup has already helped 350 women on their IVF journeys. It raised some $8 million in funding at a $22 million valuation. Others are betting AI will transform how we advertise and shop. Flore Lestrade, 26, Tristan François, 26, and Christian Kotait, 25, are building Veeton, a tool that allows clothing sellers to show their items using hyperrealistic AI fashion models. Their tech lets clothing companies show off a wide variety of sizes and styles—and for a whole lot cheaper. Meanwhile, Frederic Boesel and Jonas Muller are building text-to-image AI technology with their start-up Black Forest Labs. The pair has raised $31 million in seed money from Andreessen Horowitz and is already partnering with corporations like German telecom titan Deutsche Telekom to help them generate all their marketing images with Forest Labs' model, Flux. All in all, the companies of the 2025 Under 30 Europe list have raised more than $800 million in funding. In the entertainment industry, our listers dominate screens big and very small. Ella Purnell, 28, is an actress known for her roles in TV series Fallout and Yellowjackets. And India Amarteifio, 23, is the award-winning actress from Netflix's Queen Charlotte: A Bridgerton Story. Meanwhile, those taking the (really) small screen include content creator David Cánovas Martínez, 27, known as 'TheGrefg' to his gaming fans. The streamer counts 48 million subscribers across YouTube, Twitch, Instagram and TikTok. And Tamanna Kaur, 24, counts more than 3 million followers and 71 million views for her lifestyle content focused on women's empowerment. To identify this standout group, Forbes editors worked with expert judges—including musician Sam Smith, Spotify's head of podcasts for Central Europe Saruul Krause-Jentsch, and fashion designer Stella Jean—to review more than 10,000 candidates, evaluating them on impact, financials, and creativity. The result: 300 young leaders steering the future of Europe, harnessing a moment of global uncertainty to build the future's next great companies. (Want to know more about our methodology? Click here.)
