Bitcoin snatched upside liquidity as the US trading session began, but traders warned over a failure to preserve BTC price gains. Bitcoin (BTC) neared $67,000 at Monday’s Wall Street open as the US-Iran peace deal kept risk assets surging. Key points: Read more
Pudgy Penguins will halt development of Pudgy Party and focus on Pudgy World, as another Web3 gaming project shuts down after failing to find a sustainable business model. Non-fungible token (NFT) project Pudgy Penguins is winding down its mobile game Pudgy Party and halting further development. In an X post, the team said on Saturday that it would shift its gaming resources toward Pudgy World, a browser-based experience which it described as the flagship gaming product for the Pudgy Penguins ecosystem. “We’ve made the difficult decision to wind down Pudgy Party and halt further development,” the team wrote, adding that Pudgy World offered greater potential for scalability and introducing new users to the Pudgy Penguins brand. Read more
The new offering gives eligible users access to tokenized institutional bond funds as demand for blockchain-based real-world assets continues to grow. Crypto exchange Bybit will offer eligible customers access to tokenized bond funds managed by PIMCO and China Merchants Bank International, expanding its push into real-world assets through partnerships with Plume and DigiFT. Bybit's new RWA Earn platform launched with two tokenized bond funds: the PIMCO Dynamic Income Opportunities Fund (PDO), which invests across fixed-income assets including corporate debt, mortgage-backed securities and government bonds, and the CMBI Investment Grade Bond Fund, which focuses on investment-grade credit in Asian and global markets. According to Monday's announcement, the funds are tokenized through DigiFT, a digital asset exchange regulated in Singapore and Hong Kong, while Plume provides the onchain infrastructure used for subscriptions and fund allocation. Read more