1. PENGU Token Rises 602% After Bithumb Listing
The official token of Pudgy Penguins NFT, PENGU, has surged 602% to a price of $0.03531 after its listing on Bithumb. Key highlights include:
- Market Cap: Climbed to $2.2 billion.
- 24-hour Trading Volume: Reached $1.54 billion.
- Upcoming Airdrop: A planned distribution of 88,888,888 tokens on January 9 is further driving demand.
Despite initial sell pressure, PENGU’s growth remains robust, with potential to surpass the $0.04 mark.
2. Russia Enforces Crypto Mining Ban until 2031
Russia’s regulatory authorities have renewed a ban on crypto mining in select regions due to surging energy consumption. Key points include:
- Ban Period: From 2025 to 2031.
- Affected Regions: Dagestan, Chechnya, North Ossetia, and Siberia.
- Energy Concerns: Crypto mining consumes 1.5% of the nation’s total energy.
- New Regulations: Miners must register with the Federal Tax Service to ensure tax compliance and operational transparency.
This move reflects Russia’s cautious approach to balancing energy management with crypto adoption.
3. Ethereum Upgrades: Pectra and Fusaka
Ethereum is preparing for two major upgrades aimed at enhancing its blockchain infrastructure:
- Pectra Upgrade (Early 2025): Merges execution and consensus layers to improve scalability, security, and performance.
- Fusaka Upgrade: Focuses on Layer-2 solutions, introducing 12 key code changes to enhance Ethereum’s operations.
- Current ETH Price: $3,480.57; potential for price growth due to the upgrades.
These upgrades underscore Ethereum’s commitment to maintaining its leadership in DeFi and blockchain efficiency.
4. Binance Alpha: New Projects and Launchpool
Binance Alpha announced its latest tokens and initiatives, highlighting its dynamic role in the crypto space:
- Tokens Listed: YNE, GOUT, GEL, UFD, GAME across Ethereum, Solana, and Base chains.
- Market Movement: While 40% of the tokens initially dropped, corrections boosted the value of 17 tokens.
- Launchpool Addition: Bio Protocol (BIO) is set to list on January 3, 2025, offering users early access.
These updates demonstrate Binance’s influence in shaping the crypto listing landscape.
5. MicroStrategy’s Aggressive Bitcoin Buying Strategy
MicroStrategy has revealed its ambitious Bitcoin acquisition plan:
- Special Shareholders’ Meeting: Proposal to add up to 10.33 billion Class A common shares and over 1 billion preferred shares.
- 21/21 Plan: Target acquisition of $42 billion worth of Bitcoin by 2027.
- Current Holdings: 444,262 BTC valued at approximately $43.5 billion.
This reflects MicroStrategy’s strong confidence in Bitcoin as a long-term asset.
Conclusion
From meteoric rises in PENGU, Ethereum’s transformative upgrades, to MicroStrategy’s aggressive Bitcoin strategy, today’s crypto news showcases a dynamic mix of market movements, regulatory changes, and ecosystem developments. Stay tuned as the crypto landscape continues to evolve!
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