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Crypto firms ditch Pudgy Penguin PFPs 24h after promo push

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Major crypto companies are already dropping the Pudgy Penguin profile pictures (PFPs) that they adopted over the weekend as bitcoin (BTC) continues to hit record-breaking highs.  X user Phin_Erin noted that Pudgy Penguin PFPs from Coinbase and Opensea were dropped 24 hours after they were uploaded. The quick rebrand was part of a coordinated push from Pudgy Penguins and various crypto firms to promote the NFT firm this weekend.  The likes of Binance.US, Polkadot, and Justin Sun joined the fray (Polkadot has also dropped the penguin PFP). However, the limelight was taken away from the Penguin-themed project when BTC continued to break all-time-high prices on its way to $122,000 this week.  After 24 hours, Coinbase and OpenSea have now removed their Pudgy Penguin pfp pic.twitter.com/Urg5WQN0mJ — Phin Erin (@Phin_Erin) July 13, 2025 Read more: Bitcoin hits $122K but onchain activity sinks to multi-year low Phin_Erin’s observation appeared to...

The Rise of the Chinese Yuan: 3 Signs It’s Gunning for Reserve Status

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The Chinese Yuan is now emerging as a strong currency competitor, as the US dollar notes a falling trajectory due to Trump’s recent tariff policies. The dollar’s fall has led its alternative to gain supreme market momentum, with the Chinese Yuan raking in significant attention out of all global currency competitors. Here’s a new hypothesis stating how the Chinese Yuan can be the next reserve asset smoothly and spontaneously. Also Read: Market Bets on Yuan as De-Dollarization Picks Up Pace Three Reasons Why the Chinese Yuan Could Be the Next Reserve Asset 1. Reduced Sensitivity to Global Chaos Source: Gina Sanders / Fotolia via Wodicka In the latest review of Hong Kong International Finance, two authors have come up with a statement documenting the yuan’s susceptibility to global chaos and mayhem. These two authors concluded that Yuan has shown reduced sensitivity to certain risk indicators, such as global stress, or during the times of the Russia-Ukraine war. The yuan ...

Ethereum Price Breaks Through 50EMA After Rejection, ETH Dominance Sees Resurgence

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Ethereum Hits $3000 As Bitcoin Climbs To $118K: What's Next?

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Ethereum (ETH) has reclaimed the $3000 price level for the first time since February of this year. ETH’s rebound follows Bitcoin’s (BTC) climb to a new all-time high of $118,000. ETH is up by 8.1% in the daily charts, 16.9% in the weekly charts, 22.7% in the 14-day charts, and 7.5% over the previous month. While the rebound brings much-needed relief for many investors, ETH is still down by 2.5% since July 2024. Source: CoinGecko Ethereum Follows Bitcoin’s Trajectory Source: Betanews.com Bitcoin (BTC) has delivered incredible returns over the last year. The original crypto is up by 6.2% in the daily charts, 8.3% in the weekly charts, 10% in the 14-day charts, 7.8% in the monthly charts, and 103.4% since July 2024. Source: CoinGecko BTC’s rally has triggered a market-wide rally. Ethereum (ETH) and other crypto assets are likely following BTC’s trajectory. BTC and ETH ETFs have seen non-stop inflows over the last month. The inflows did not stop even during unc...

PEPE Rallies 15% As Bitcoin Nears New All-Time High

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Pepe (PEPE) is experiencing a price surge today, Thursday, July 10. The frog-themed memecoin has rallied 8.1% in the daily charts, 4% in the weekly charts, 15.7% in the 14-day charts, and 19.9% since July 2024. While the rally brings some relief to holders, the memecoin is still down by 13.6% over the previous month. The rally comes amid Bitcoin nearing a new high. Source: CoinGecko PEPE Surges Amid Big Bitcoin Rally Source: Watcher.Guru PEPE’s latest rally is likely due to Bitcoin (BTC) nearing a new all-time high. The original crypto is down by just 0.4% from its peak of $111,814. BTC is currently testing the $111,000 level. We may hit a new all-time high very soon. PEPE and the larger market rally could be fueled by renewed investor sentiment. BTC has maintained the $108,000 over the last few weeks. The asset’s rise could be credited to institutional inflows over the last month. BTC ETFs saw consistent inflows despite global uncertainties. On-chain data shows that small w...

Fidelity Outlines Why Ethereum Has an Edge Over Solana

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Ethereum (ETH) and Solana (SOL) have been competing for the top spot for quite some years. In a report by Fidelity, the financial institution highlighted that SOL’s revenue and TVL are growing at a higher rate than ETH’s. Despite its positive outlook for SOL, the financial institution gives the edge to ETH for its strong fundamentals. The report states, “ We think fundamentals are most important for long-term investors. With that said, Ethereum has strong developer activity, total value locked (TVL), and stablecoin supply. Comparatively, Solana’s revenue and TVL are improving at a faster rate than Ethereum’s and seem to have captured significant community mind share this past year. “ Ethereum To Remain On Top Of Solana? Source: Watcher.Guru Solana’s (SOL) speed and low transaction costs have consistently aided the network’s growth. Fidelity has also highlighted the network’s strong suits. Despite its bullish outlook, the financial institution ha...

US Government now holds $166M in Ethereum

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On July 7, the US Government deposited over $219,0000 worth of Ethereum (ETH) to Coinbase Prime, raising concerns about a potential crypto selloff. According to data from Arkham Intel , the transaction came from a wallet called “US Government: FBI,” which holds $100,000 worth of ETH originally seized from NFT scammer Chase Senecal, also known as Horror (HZ), in October 2022.  In total, however, the U.S. Government currently holds 65,156 ETH, worth $166 million. US government crypto transfers. Source: Arkham Intel An institutional crypto selloff? The government has issued no official statement in regard to the recent deposits, but the timing and nature of the transaction point to possibly larger moves in the near future. Namely, given that Coinbase Prime is known as a platform designed for institutional transactions, the market suspects the deposit may signal the government’s desire to offload some of its seized Ethereum holdings.  Moreover, lar...