DeFi News Daily Official TheBitTimes.com

Igloo Inc., the digital asset firm and the team behind the globally acknowledged Pudgy Penguins non-fungible token collection, has partnered with OpenSea, one of the largest non-fungible token marketplaces in the non-fungible token market, to offer the best trading experience to its fans. Under the new collaboration, OpenSea has become the official marketplace for the $PENGU and Pudgy Penguins non-fungible token collections. Pudgy Penguins Picks OpenSea As Its Official Marketplace In a September 04 blog post, the Igloo, through its Pudgy Penguins X account, confirmed that its crypto coin “$PENGU” and Pudgy Penguins non-fungible token collections have finally found somewhere they can call home after several years of existence in the blockchain ecosystem. This collaboration has received a warm appreciation from crypto and non-fungible token investors on X. Penguins have come home 🐧 OpenSea is now the official marketplace for both @pudgypenguins and $PENGU ...

The S&P 500 selection committee met yesterday to discuss Strategy (formerly, MicroStrategy). Many investors expect Strategy’s common stock, MSTR, to gain acceptance into the prestigious S&P 500 Index when it announces its decision on Friday, but approval isn’t guaranteed.  Michael Saylor’s $96 billion bitcoin (BTC) treasury company looks to have ticked off all items on S&P Dow Jones Indices’ checklist. These include: Having a US domicile and deriving the majority of its revenue from the US Listing its securities — ideally common stock — on a major NYSE, NASDAQ, or CBOE exchange Having a market capitalization ranking in the 85th percentile of the S&P Total Market Index, which is approximately a $23 billion minimum that fluctuates with real-time prices Trading a minimum of 250,000 shares in each of the six months leading up to the evaluation date Ensuring the sum of the its most recent four consecutive quarters of GAAP earnings a...

KuCoin (KCS) is experiencing quite a surge, contrary to the market-wide sentiment. CoinGecko data shows that KCS’s price has rallied 1.2% in the daily charts, 16.1% in the weekly charts, 21.8% in the 14-day charts, 43% over the previous month, and 79.4% since September 2024. KuCoin’s latest rally comes amid the platform announcing its initiative to capture 10% of Dogecoin mining capacity. Source: CoinGecko Will Dogecoin Mining Send KuCoin To a New All-Time High? Source: Blockchain News KuCoin is launching the KuMining platform, which aims to give institutional investors exposure to Bitcoin (BTC) and Dogecoin (DOGE) hashrate. According to reports, the initiative will be backed by global mining facilities with 300 megawatts (MW) to 2 gigawatts (GW) of power resources. The Dogecoin and Bitcoin mining exposure may lead to increased interest in KuCoin (KCS). The asset is currently down by nearly 48% from its all-time high of $28.83. KCS hit its peak during the 2021 bull run, near...

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World Liberty Financial, backed by Donald Trump’s family, plans a buyback-and-burn program to shore up its price after the WLFI token plunged 23% after launch yesterday. WLFI debuted at $0.30, pegging its fully diluted value at $30 billion after it listed on crypto exchanges including Binance, OKX, and KuCoin . But the token quickly plunged, putting pressure on the project to restore confidence among investors. It’s trading down about 20% at $0.2472 as of 5:16 a.m. EST, according to CoinGecko. The governance proposal calls for fees from WLFI’s liquidity positions on Ethereum, Binance Smart Chain, and Solana to be used to buy back tokens from the open market and send them to a burn address, permanently reducing supply. The project said community and third-party liquidity providers’ fees would remain untouched. The buyback-and-burn plan is presented as a way to favor committed long-term holders while discouraging short-term speculators. The proposal has already...

US President Donald Trump’s son, Eric Trump, was expected to attend a Metaplanet shareholders meeting today as the company prepares to vote on an $884 million capital raise to expand its Bitcoin holdings. That’s after the company announced its latest Bitcoin buy today of 1,009 BTC for about $112 million, pushing its BTC holdings to 20K. That made the company t he sixth-largest corporate Bitcoin holder, overtaking Riot Platforms, data from Bitcoin Treasuries shows.  Trump To Attend Metaplanet Vote As Declining Share Price Puts Pressure On BTC Funding The shareholders meeting will focus on whether the company should sell up to 550 million new shares to overseas investors. Should the move get approved, it could see Metaplanet raise about $884 million to bolster its already-large BTC reserves.  Metaplanet has already said that a bulk of those proceeds will be used to purchase more BTC.  The efforts to raise capital from offshore investors come as Metaplanet...

The non-fungible token market has plunged in trading sales volume and floor prices this last week of August. In the past seven days, the global NFT market has raised a trading sales volume of over $127 million, down over 13% from the past week. This recent negative growth indicates the global NFT market cooled after experiencing a resurgence late last month and earlier this month. NFT Sales Fall +13% This Week Data compiled by CryptoSlam.io, an on-chain crypto market data aggregator and a multi-chain non-fungible token collection explorer tracking non-fungible token collections from over 20 NFT blockchains, indicates that the non-fungible token market has plunged again this week. From August 25 to August 31, the non-fungible token market raised a trading sales volume of +$127 million. During this time, the NFT trading sales volume has plunged by 13% from the past week. Source: CryptoSlam.io Ethereum, the blockchain network renowned in the NFT market for hosting the majority of...

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A ransomware attack targeting Swedish IT systems provider Miljödata has led to a bargain ransom demand of just 1.5 BTC — approximately $170,000 — in exchange for not leaking sensitive info. National broadcaster STV states that the attack was discovered on Saturday, but efforts to assess the scope have been hindered “because the affected computers are heavily encrypted by the attackers’ ransomware.” According to reporting from Aftonbladet, Miljödata is relied upon by 80% of Sweden’s municipalities, with some regional systems, educational establishments and a number of private organizations also affected. A total of 200 municipal and regional services are thought to be inaccessible. The latest from SVT is that all services are expected to be restored by close of play Friday . Read more: Europol bounty for Russian crypto ransomware gang wasn’t real Was Miljödata data really stolen at all? According to Aftonbladet, Miljödata systems are used by...

According to DefiLlama’s stablecoin statistics, the global stablecoin market cap has hit a new all-time high of $280.47 billion. According to DefiLlama, Tether (USDT) continues to dominate the market, with a market cap of $167.3 billion. USD Coin (USDC) takes the second spot, trailing behind with a market cap of $69.1 billion. Let’s discuss if Ripple’s RLUSD will shine under the growing interest in stablecoins. Source: DefiLlama Will Ripple’s RLUSD Stablecoin Pick Up Steam? Stablecoins have become a cornerstone of the crypto industry. The number of people opting for fiat currency-pegged cryptocurrencies has drastically increased over the last few years. Ripple’s RLUSD is one of the latest dollar-pegged coins to enter the market. According to DefiLlama, Ripple’s RLUSD stablecoin is currently the 13th largest stablecoin project by market cap. RLUSD currently boasts a market cap of $687.61 million. Source: DefiLlama President Trump signed the GENIUS stab...

Bybit EU, the European arm of the world’s second-largest cryptocurrency exchange, has adopted Nasdaq’s Market Surveillance platform to bolster compliance with the EU’s Markets in Crypto-Assets Regulation (MiCAR), as per reports shared with Finbold on August 28.  Bridging the gap with traditional finance standards The integration equips Bybit EU with institutional-grade monitoring tools to detect and prevent market abuse across its European operations.  Nasdaq’s platform combines advanced pattern-recognition analytics with comprehensive market data, aligning crypto oversight with standards long established in traditional finance. “This agreement demonstrates our commitment to providing secure, transparent, and fully compliant digital asset trading as we continue to grow our business,” said Mazurka Zeng, Managing Director and CEO of Bybit EU. “We welcome the opportunity to partner with Nasdaq, whose innovative technology and unparalleled survei...

XRP’s $2.80 price target is being watched closely right now as analysts warn about a potential breakdown. The XRP $2.80 price target actually represents a make-or-break level while XRP price prediction 2025 models are anticipating this massive device integration thing. XRP wallet adoption could reach around 6 billion devices through OS updates, and this would fundamentally change XRP support level dynamics along with XRP global payments infrastructure. $XRP is about to be forced onto 6 billion devices You think it's the same old hype. That's the fatal mistake One OS update flips billions of phones into XRP wallets Go ahead, scroll past, exit liquidity is always needed pic.twitter.com/OhhHiuffBH — CryptoStrix (@CryptoStrixx) August 24, 2025 XRP $2.80 Price Target, Wallet Adoption, Support Level & Global Payments Source: Coin Edition Critical XRP $2.80 Price Target Gets Tested The XRP $2.80 price target is serving as the decisive battleground for bulls and bears right now. M...