PENGU, the utility token of Pudgy Penguins NFT, caught the attention of crypto investors as its price doubled since last week, currently trading at $0.031. While the rally aligns with broader market momentum, Pengu has showcased a classic memecoin trait of offering outsized short-term returns. Notably, on-chain data highlights a strong accumulation trend from Korean investors, reinforcing the current recovery for a higher push. Korean Whale Accumulation Adds Fuel to PENGU Price Rally Over the past week, the bingo price shows a high momentum rally from $0.014 to a recent high of $0.035, accounting for a 143% gain. This bullish…
Author: cryphedge
The United States government ostensibly holds 28,988 Bitcoin (BTC) units from the previously presumed reserves of around 200k coins. According to a report from the U.S. Marshals Service, the government has silently offloaded its Bitcoin stash without leaving an on-chain footprint for the public to consider. The move has prompted huge criticism from the pro-Bitcoin regulators led by Senator Cynthia Lummis, who has championed the Donald Trump administration to implement a strategic Bitcoin reserve. According to Lummis, if the U.S. Marshal has sold the Bitcoin stash, the country has been set back a year in the Bitcoin race.I’m alarmed by reports…
The pioneer cryptocurrency, Bitcoin, traded at $119,297 during Wednesday’s U.S. market hours, with an intraday gain of 1.36%. The buying pressure likely followed the U.S. House advancing two pivotal crypto-related bills—the GENIUS stablecoin bill and the Digital Asset Market Clarity Act (Clarity)—to proceed to a final vote. Currently, the BTC price is showcasing a steady recovery, rechallenging the all-time high resistance of $123,236. U.S. House Clears Key Hurdle for Crypto Bills On Wednesday, July 16, the U.S. House of Representatives voted 215-211 to approve a procedural motion that advances the two crypto-related bills—the GENIUS Stablecoin Bill and the Digital Asset…
Ripple’s XRP climbed above $3 this week but briefly dipped to the $2.95 level on Wednesday, as CoinGecko reveals. The leading altcoin remains in the red for seven consecutive days, going from a low of $2.36 to a high of $3. It spiked 26.5% in a week, generating stellar profits for investors in a short period.Now that XRP has reached the $3 price target, will it continue to surge in the charts further? In this article, we will explain which direction Ripple’s native token could move next. This can help you take an informed decision on whether to take an…
Pumpfun has announced it will purchase its native token, $PUMP, using profits it made during its launch. The on-chain data indicates that yesterday, approximately 187,770 SOL, or about $31.3 million, were transferred to a special buyback wallet. Pumpfun has started a multimillion-dollar buyback of its $PUMP token using platform revenue.Onchain data shows 187,770 $SOL (~$31.3M) was moved to a buyback wallet.So far, about 118,351 SOL ($19.3M) has been used to repurchase nearly 3 billion PUMP tokens.News of the…— Satoshi Club (@esatoshiclub) July 16, 2025 So far, Pumpfun has spent about 118,351 SOL (around $19.3 million) to repurchase nearly 3 billion…
PI coin price drops 2% as exchange balances and July unlocks increase selling pressure. Whale bought $2.38 million worth of PI, signaling confidence despite market weakness. Pi Network price outlook took a hit on Tuesday as the coin dropped 2% and moved closer to a key support level. The fall comes as more PI coins are being unlocked and sent to exchanges. Still, a major investor just bought millions worth of PI, showing some investors are not backing down just yet. Exchange Supply Increases as PI Falls to Key Support The Pi Network price outlook weakened as PI slid below…
Journalist Tanzeel Akhtar Journalist Tanzeel Akhtar About Author Tanzeel Akhtar is a seasoned journalist who has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal,… Share Last updated: July 16, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to…
BNB, the native token on the BNB chain, is up 1.5% during Wednesday’s U.S. market hours to trade at $700. The broader market uptick likely fueled this uptick, as investors’ uncertainty has settled after yesterday’s regulatory development in the U.S. House. Another factor contributing to Binance Coin momentum is Windtree Therapeutics’ announcement of a $200 million BNB crypto treasury strategy. Is a rally $800 close? Windtree to Launch $200M BNB Crypto Treasury Strategy On Wednesday, July 16th, Windtree Therapeutics announced a strategic alliance with Build&Build Corp., entering into a $60 million security purchase agreement to launch a BNB-focused crypto treasury.…
The House approved on July 16 a motion to reconsider the crypto‑related proposals package combining the GENIUS Act, the CLARITY Act, and the Anti‑CBDC Surveillance Act in a 215-211 vote.Alex Thorn, head of research at Galaxy Digital, said on X that analysts expect a vote on the GENIUS Act today.Because the House agreed to a Senate‑passed resolution text that bundles the three measures procedurally, but does not itself constitute enrolled statutory language. As a result, the package does not go directly to the President. The approval positions House and Senate leaders to move the underlying bills individually, fold them into another…
The Bitcoin Hyper presale is moving fast. With $2.5 million already raised and headlines calling it the next 1000x altcoin, interest is heating up. Many are watching for the next Layer 2 breakout, and Bitcoin Hyper’s pitch is loud. Hype aside, the Bitcoin Hyper price prediction is drawing fresh eyes to the space, especially as BTC continues to surge. Still, for all the noise, another project is making a different kind of statement. BlockDAG (BDAG) has already raised $340 million, and it’s not just selling tokens, it’s building an entire ecosystem. From real-world sports partnerships to its X1 miner app…
