Pudgy Penguins' PENGU Token Surges 26.7% Surge Amid Renewed NFT Market Interest

JPMorgan Chase is considering offering loans secured by clients' crypto holdings, potentially starting next year. This move could lead to broader acceptance of crypto as collateral for traditional loans across Wall Street, following CEO Jamie Dimon's past criticism of Bitcoin.

Solana's recent surge to $200 and a 50% rally over the past month has sparked interest in Layer 1 blockchains, with traders anticipating a volatile month ahead. Options markets are pricing in increased volatility, with a shift towards bullish call options over bearish put options.

Coinbase has launched CFTC-regulated perpetual futures for U.S. customers, following Kraken's move to capture derivatives trading in American markets. The platform offers nano Bitcoin and Ether Perpetual Futures contracts with competitive trading fees.

Western Union is exploring stablecoins for faster cross-border payments, better fiat conversion, and as a store-of-value product. The company is running pilots in South America and Africa and considering stablecoin wallet offerings.

A potential clash between President Trump and Federal Reserve Chair Powell is brewing, with Trump considering pressuring for rate cuts. Speculation arises over a successor favoring rate cuts, impacting market confidence and volatility, especially in the crypto sector.

The defense is considering calling for a mistrial in Roman Storm's case after a witness's testimony. The witness claimed funds went through Tornado Cash, but the defense disputes this based on on-chain evidence.

Pump.fun, a meme coin launchpad, raised $600 million through an ICO and generated over $774 million in revenue. Despite a recent 80% revenue decline, the platform has created almost 12 million tokens in less than two years.

Strategy, a Bitcoin treasury firm, plans to launch an initial public offering of stock named Stretch (STRC) to buy Bitcoin, offering investors a 9% dividend rate. The company aims to sell 5 million shares at $100 each, totaling $500 million, with dividends starting in August.

Robinhood CEO Vlad Tenev defended the controversial launch of tokenized stocks, emphasizing the importance of being a pioneer in the field. Despite facing criticism, Tenev remains focused on expanding the initiative to include thousands of private companies and integrate with decentralized finance markets.

Dogecoin has surged by nearly 36% in the past week, trading at almost $0.27 per coin, close to its six-month high. Grayscale's Head of Research attributes the rise to investors' increased risk appetite, not a change in the coin's fundamental value.