NFT Brand Expands Into Real-World Consumer Market Pudgy Penguins, the popular NFT project launched on Ethereum in 2021, is making a significant move into real-world visibility with a high-profile ad campaign at the Las Vegas Sphere during Christmas week. The campaign, running from December 24 will feature multiple animated segments on the massive LED venue, marking one of the few instances of a crypto-related brand securing space at such a prestigious location. Originally known for its collection of 8,888 unique cartoon-style penguin NFTs, Pudgy Penguins has expanded beyond digital collectibles. The project now includes physical toys available in major retail…
Author: Blockto Team
On-chain cost basis data reveals why the $80,000 level has become a critical demand zone for Bitcoin investors Bitcoin has shown renewed strength after correcting from its recent all-time high, with price action confirming strong structural support in the low $80,000 range. Following a sharp pullback, Bitcoin rebounded more than 15% from its November lows, reinforcing confidence among market participants. This support zone is validated by the convergence of three major on-chain cost basis metrics, each representing different but influential investor groups. Together, they highlight where capital is most likely to defend positions during market stress. The first is the…
Despite major index changes and ongoing debate over its business model, the bitcoin-focused company Strategy remains included Strategy has successfully retained its place in the Nasdaq 100 index following the annual rebalancing, even as several well-known firms were removed. The updated index composition will take effect on December 22 reflecting shifts in market capitalization and eligibility criteria. Originally operating as a business intelligence and software provider, Strategy fundamentally transformed its strategy in 2020 by making bitcoin accumulation its primary treasury approach. Since then, it has amassed more than 660,000 bitcoin valued at nearly $60 billion positioning itself as one of…
Institutional Demand Persists Even as Solana Trades Far Below All-Time High Solana exchange-traded funds (ETFs) have recorded a seven-day inflow streak, signaling sustained institutional interest even as SOL price performance remains under pressure. The trend highlights a divergence between market pricing and longer term capital allocation strategies among traditional investors. During the seven day period Solana ETFs attracted consistent capital, with Tuesday marking the strongest inflow day at approximately $16.6 million. Cumulative data shows total net inflows reaching $674 million, underscoring continued demand despite broader crypto market weakness. The U.S. launch of Solana ETFs began in July with a staked…
New Investor Bulletin Outlines Wallet Types, Custody Risks, and Best Practices The U.S. Securities and Exchange Commission (SEC) has published a new crypto custody and wallet guide, offering investors a clear overview of how digital assets can be stored, managed, and protected. The bulletin is designed as a practical, good-faith primer, addressing common risks and outlining best practices as crypto adoption continues to expand. The guide explains the differences between self-custody and third-party custody. Investors who choose custodial services are encouraged to carefully review provider policies, including whether assets are rehypothecated, lent out, or commingled rather than held in segregated…
Analysts Say BTC Whales’ Options Strategy Is Capping Upside Despite ETF Demand Bitcoin’s struggle to break higher levels may be less about weak demand and more about selling pressure from long-term holders using options strategies. Market analysts argue that Bitcoin OGs selling covered calls are a primary factor suppressing spot prices, even as traditional investors show strong appetite through exchange-traded funds. Covered calls involve selling call options against existing Bitcoin holdings to collect premiums. According to analysts, large and long-term BTC holders often referred to as whales are deploying this strategy at scale. While profitable for the sellers, this activity…
Economic Collapse and Currency Devaluation Drive Digital Dollar Demand Stablecoin usage in Venezuela is expected to continue expanding as economic instability, currency devaluation, and weak banking infrastructure persist. Blockchain analytics firms indicate that digital assetsparticularly U.S. dollar–pegged stablecoins have become an essential financial tool for millions of Venezuelans navigating prolonged macroeconomic stress. Years of hyperinflation, bolívar devaluation, and international sanctions have significantly eroded trust in traditional financial institutions. As a result, stablecoins are increasingly used as both a store of value and a medium of exchange. Analysts note that without a meaningful improvement in economic conditions or regulatory clarity, digital…
Senate Negotiations Continue as Key Disagreements Remain Unresolved The long anticipated U.S. crypto market structure bill may not advance before the end of the year, as Senate negotiations continue to face unresolved policy disagreements. With lawmakers approaching the holiday recess and limited legislative days remaining, momentum is increasingly shifting toward January as the next window for progress. Draft legislative language has been circulating privately among stakeholders, including lawmakers, industry representatives, and the White House. While discussions are active, sources indicate the process remains mid-stage, with no final consensus reached. A recent White House meeting briefly reviewed portions of the draft,…
AAVE shows short-term recovery momentum after reclaiming the $195–$200 range AAVE recorded a strong daily advance of approximately 4.5%, pushing the price to around $199.77 after recent downside pressure. The move reflects renewed buying interest as the token stabilizes above a critical demand zone, signaling a potential short-term trend shift while broader market participants reassess risk. On the daily timeframe, AAVE/USDT posted a bullish close, with price rebounding from the $160 $180 support region, an area that previously acted as a strong accumulation zone. This level has repeatedly attracted buyers, confirming it as a structural demand base. The latest rally…
Bitfinex Sees Familiar Pattern That Often Precedes Next Market Expansion Global crypto spot trading volumes have dropped sharply, signaling a period of reduced market participation as traders step back amid macroeconomic uncertainty. According to Bitfinex, the current slowdown reflects historical “lull” phases that have frequently appeared before the next major leg of a market cycle. Bitfinex reported that spot trading volumes are down 66% from January highs, highlighting a broad pullback in trading activity. Market data shows 30 day spot volumes falling from over $500 billion in early November to around $250 billion with several sessions dipping close to $200…