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The Pudgy Penguins token (PENGU), tied to the popular NFT collection and brand, has faced renewed pressure, crashing approximately **20%** in the past week to trade near **$0.0097** following negative news. This extends a broader downtrend, with PENGU down over **85%** from its post-launch highs around $0.06-$0.07 in late 2024/early 2025. The sharp decline was triggered by reports of SEC …

California Governor Gavin Newsom escalated his feud with President Donald Trump by launching a state website on December 16, branding Trump’s pardons of prominent crypto figures as favors to “criminal cronies.” The site highlights clemency for Binance founder Changpeng “CZ” Zhao, Silk Road creator Ross Ulbricht, and BitMEX co-founders, amid claims of crypto industry ties to Trump’s family business. Newsom’s …

In a significant push for financial inclusion, Aam Aadmi Party Member of Parliament Raghav Chadha urged the Indian government on December 16-17 to introduce a dedicated “Tokenization Bill” during a Rajya Sabha session. The proposal aims to enable blockchain-based fractional ownership of high-value assets, including real estate, infrastructure projects, and intellectual property, potentially democratizing access for middle-class investors. What Is …

A major cryptocurrency whale suffered a significant security breach when a multisignature (multisig) wallet was compromised, resulting in the theft of approximately **$27.3 million** in assets, primarily Ethereum. Blockchain security firm PeckShield first alerted the community on December 18, identifying the incident as stemming from a **private key compromise**. The attacker gained sufficient control to meet the multisig threshold, authorizing …

Bitcoin traded lower in early Asian hours, extending losses amid a broader risk-off sentiment triggered by a sharp tech-led sell-off on Wall Street the previous day. The flagship cryptocurrency dipped toward **$86,000** during thin Asian liquidity, mirroring declines in major altcoins like Ethereum. This followed a volatile U.S. session where concerns over AI valuations and funding challenges hammered technology stocks. …